Answer:
The total number of firms in this industry will decrease in the long run because increased competition will mean lower profit margins which will lead to some firms earning sub normal profits which will force them to leave the industry.
Explanation:
Answer:
-5/6
Explanation:
Fist find the common denominators of the two
Then you that minus sign in front of the fraction that means its negative
although theres an addition sign where subtracting fractions.
given it's in this order the fraction will be negative
:D
Answer 1: The Correct answer is C) the average prices of goods and services decreased between last year and this year.
CPI stands for consumer Price Index. Also known as the 'basket' the index is developed by national governments to monitor the prices of basic goods and services used by the population.
This has to include basic items that the majority of population uses every day e.g. milk, chicken, electricity etc.
In this case, the CPI had decreased from 91.0 to 90.0 which means the prices fell.
Answer 2: The correct answer is A) 3.6%
The formula to calculate unemployment rate is:
No. of unemployed ÷ No. of Working People x 100
In this case, it was 9 million divided by 250 million x 100
3.6% unemployment rate is actually very less for an economy and is an indicator that the economy is doing well and creating enough jobs for most people. A high unemployment rate signals a worsening economy.
Answer:
$173
Explanation:
The computation of the salvage value at the end of year 5 is given below:
Cost of the asset $1,200
Multiply with the depreciation rate 5.76%
Book value at the 5 year end = $69
Resale value $200
gain on sales $131
Multiply with the Capital gain 21%
tax on gain $27
After tax gain on salvage value $173 ($200 - $27)
