The term economists use to refer to the minimum amount that investors must earn on the funds they invest in a firm is Normal Rate of Return. This is further explained below.
<h3>What is
the Normal Rate of Return?</h3>
Generally, the Normal Rate of Return is simply defined as the average rate at which companies in the same industry as yours are able to turn a profit under typical conditions.
In conclusion, Economists use the phrase normal rate of return to refer to the minimum rate of return required by investors on their capital in a certain company.
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GDP(gross domestic product). it gives the monetary measure of the market value of all final products produced in the economy within a certain time frame
There are two conditions that allow a single seller to become a
monopolist. These two conditions are as follows:
1. The firm must have something unique to sell
<span>2. The firm must have a way to prevent potential competitors
from entering the market.</span>
Based on the information given the amount she could have saved at the store her friend suggested is $1. 80.
First step is to calculate the discount
Discount=30%×$54
Discount=$16.20
Second step is to calculate the amount saved
Amount saved=(1/3×$54)-$16.20
Amount saved=$18-$16.20
Amount saved=$1.80
Inconclusion the amount she could have saved at the store her friend suggested is $1. 80.
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Preferences ARE BASED ON THE INDIVIDUAL.
Each individual has his or her own preferences. He or she has her own standards when it comes to goods and services. If a person prefers a certain good or service and said good or service is expensive, the person will still buy the good or service because he or she prefers it over others.