Answer: higher; lower
Explanation:
From the question, we are informed that three firms are currently producing and selling in a market. When one of the three firms exits the market, economists expect that there will be a rise in the equilibrium price while there will be a reduction in the equilibrium quantity.
This is because when one producer leaves, there will be less supply of the good that is sold, this will eventually lead to a rise in price.
Answer:
Letter e is correct. <em>Supplemental features.</em>
Explanation:
The core product is one whose fundamental utility meets consumer needs.
A supplemental feature of the product is one that provides extra benefits beyond the main utility of the product, with the goal of adding value to the product and relevant consumer attributes, which often justifies the higher price for the product buyer.
Answer:
$620.92
Explanation:
Present Value Paid at Maturity = Face Value / (Market Rate/ 100) ^ Number Payments
Present Value of Interest Payments = Payment Value * (1 - (Market Rate / 100) ^ -Number Payments) / Number Payments)
Present Value of Bond = Present Value Paid at Maturity + Present Value of Interest Payments
