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ozzi
2 years ago
14

What is the role of business in a global economy?

Business
1 answer:
posledela2 years ago
5 0

Answer:

In any market economy, business plays a huge role. Business is the engine of an economy. Business provides jobs that allow people to make money and goods and services that people can buy with the money they make. Without business, the economy would be very inefficient and/or very primitive.

Explanation:

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By how much does the residual elasticity of demand facing a firm increase as the number of firms increases by one​ firm?
soldi70 [24.7K]

Answer:

Explanation:

By how much does the residual elasticity of demand facing a firm increase, as the number of firms in the market increases by one?

The residual elasticity of demand facing a firm, is the portion of market demand which is not met or supplied by other firms in the market. In other words, this is the demand curve of the firm, given the presence of other firms in the market.

Given that

- all the firms in this market sell identical products,

- have identical marginal costs,

- and produce the same amount of output;

We model the residual elasticity of demand for this firm as:

EDr = EDm - EDa

Where:

EDr = the residual elasticity of demand for this firm

EDm = market elasticity of demand

EDa = total elasticity of demand facing ALL other firms in the market.

If EDa = 4, and a new firm enters the market, it will become 5

Elasticity of demand is the degree of responsiveness of demand, to change in price of a commodity.

7 0
3 years ago
Manhattan Swim Club is planning for the coming year. Investors would like to earn a 10% return on the company's $36,000,000 of a
prisoha [69]

Answer:

$2,200,000

Explanation:

Fixed cost = $12,500,000

Variable cost = 525,000 * $12 = 6,300,000

Total cost = Fixed cost + Variable cost = $12,500,000 + $6,300,000 = $18,800,000

Total revenue = 525,000 * $40 = $21,000,000

Profit = Total revenue - Total cost = $21,000,000 - $18,800,000 = $2,200,000

Therefore, the profit it will earn in terms of dollars is $2,200,000.

3 0
3 years ago
Southampton Inc. issued 8% bonds with a face amount of $100 million on January 1, 2018. The bonds mature on December 31, 2032 (1
Anon25 [30]

Answer:

The present value of the bonds on January 1, 2018 is $84.63 million

Explanation:

8% coupon payment of bond for a period of 15 year at a discount rate of 10% is the an annuity. Value of this bond will be calculated by following formula

Coupon payment = 100 x 8% = $8 million annually = $4 million semiannually

Number of periods = n = 15 years x 2 = 30 periods

Yield to maturity = 10% annually = 5% semiannually

Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $4 million x [ ( 1 - ( 1 + 5% )^-30 ) / 5% ] + [ $100 million / ( 1 + 5% )^30 ]

Price of the Bond = $4 million x [ ( 1 - ( 1 + 0.05 )^-30 ) / 0.05 ] + [ $100 million / ( 1 + 0.05 )^30 ]

Price of the Bond = $4 million x [ ( 1 - ( 1.05 )^-30 ) / 0.05 ] + [ $100 million / ( 1.05 )^30 ]

Price of the Bond = $61.49 + $23.14 = $84.63 million

8 0
3 years ago
Dina started swimming at 3 38. she swam until 4 15 p.m. how long did dina swim?
fomenos
Dina was swimming for 37 minutes
7 0
3 years ago
Read 2 more answers
What is the fourth step in the research process?
nataly862011 [7]
I believe the fourth step is to 'Evaluate Your Sources'. As In for example, writing down all websites you have used to find info for a project.
4 0
3 years ago
Read 2 more answers
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