Answer:
An oligopoly is when a market is controlled by a small group of two or more firms. Businesses in an oligopoly can agree in price collusion and create a barrier for entry for new commerce. For oligopolies to be stable, the firms must see the benefits of collaboration over the costs of economic competition. In other words, they do not collude since the oligopoly is based on cooperation.
Answer:
27.29 months
Explanation:
Using Present Value Annuity (PV A):
PV A = c x (1- 1/(1+r)^t)/r
c = Monthly repayment
t = time it will take to pay off
r = rate of interest per month
$ 11,500 = $500 x (1 – 1 / (1+0.0125)^t / 0.0125
When you solve this problem you get:
1/(1+0.0125)t = 1 – (($11,500)(0.0125) / ($500))
1/1.0125^t = 0.7125
1.0125^t = 1/0.7125
1.0125^t = 1.4035
t = In 1.4035 / In 1.0125
t = 27.29 months
Answer:
1. Option (A) is correct.
2. Option (C) is correct.
3. Option (A) is correct.
4. Option (B) is correct.
Explanation:
1. Mali has an absolute advantage in producing dates because it produces more number of dates than France with the same level of resources.
25 metric ton > 5 metric ton
2. No country has an absolute advantage in producing grain because both the countries are producing same amount of grain with the same level of resources.
10 metric tons of grain each
3.
Opportunity cost of producing a date in France = 10 ÷ 5
= 2 tons of grain
Opportunity cost of dates in Mali = 10 ÷ 25
= 0.4 tons of grain
Therefore,
Mali has a comparative advantage in producing dates because it has the lower opportunity cost of producing dates than France.
4. Opportunity cost of producing a ton of grain in France = 5 ÷ 10
= 0.5 dates
Opportunity cost of producing a ton of grain in Mali = 25 ÷ 10
= 2.5 dates
Therefore,
France has a comparative advantage in producing grain because it has the lower opportunity cost of producing grain than Mali.
Answer:
A. $27,200
Explanation:
The computation of the cash and cash equivalents reported is shown below:
= Cash in checking account + Petty cash + Commercial paper
= $20,000 + $200 + $7,000
= $27,200
We only added these three items which are shown above as they include cash related items
All other information which is given is not relevant. Hence, ignored it