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marin [14]
2 years ago
5

Consider a city of 200 people (100 rich and 100 poor) and two neighborhoods (100 people in each). Both groups generally prefer t

o live with rich people and are willing to pay a premium for living with a fraction of rich people that is larger than 50%. Poor people’s premium curve is given as �!""# = 2�$, where x is the percentage of rich above 50% (e.g., if there are 52% rich, x will be 2). Rich people’s premium curve is given by �%&'( = 60� − 0.4�$. a) What is the equilibrium outcome (i.e., what is the share of rich and poor people, respectively). Explain.
Business
1 answer:
Margarita [4]2 years ago
4 0

Answer:give me Brainliest

Explanation:

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On September 1, Sky Mountain Co. borrowed $54,000 on a 6%, 9-month note payable to Coast National Bank. Given no previous adjust
REY [17]

Answer:

Sky Mountain's adjusting entry four months later at December 31 would include:

Debit Interest expense $1,080

Credit  Interest Payable $1,080

Explanation:

Sky Mountain Co. borrowed $54,000 on a 6% note payable to Coast National Bank.

The amount of interest for 1 year = $54,000 x 6% = $3,240

The amount of interest for 1 month = $3,240/12 = $270

From September 1 to December 31, in Sky Mountain Co.

The amount of interest expense =  $270 x 4 = $1,080

Sky Mountain's adjusting entry at December 31:

Debit Interest expense $1,080

Credit  Interest Payable $1,080

6 0
3 years ago
The following questions will test you on what you have just learned about sentence-level writing including dangling modifiers, i
Marat540 [252]

Answer:

a. Taking the train into Boston, Katie reviewed the meeting minutes.

Explanation:

This is the best way to rewrite this sentence in order to avoid the problem of the dangling modifier. A dangling modifier is a word or a phrase within a sentence that modifies a word that is not clearly stated. In this case, the original sentence makes it sound as if the meeting minutes were the ones taking the train into Boston. The reviewed sentence gets rid of this confusion.

8 0
3 years ago
When multinational enterprises enter host countries such as Saudi Arabia and Japan, the most logical option is usually to pursue
goldfiish [28.3K]

Answer:

True

Explanation:

When multinational enterprises enter the host countries they usually prefer pursuing multidomestic strategy  even though such a strategy rarely leads to reduced costs then too the multinational enterprises opts for such a strategy.

A multidomestic strategy is one in which the multinational companies adopts marketing approach rather than a universal or global approach. under such a strategy the multinationals studies deep about the individual market as well as the customers and prefers catering to the needs of the customers. Even though such a strategy leads to higher costs or may be no reduced costs as it has to appoint experts for the deep market and customer choice study .

4 0
2 years ago
Abardeen Corporation borrowed $90,000 from the bank on October 1, 2016. The note had an 8 percent annual rate of interest and ma
djyliett [7]

Answer:

A) $0, no cash paid in 2016, both interest and principal were paid on March 31, 2017.

B) = [($90,000 x 8%) / 12] x 3 months = ($7,200 / 12) x 3 = $600 x 3 = $1,800

C) = $90,000 + $1,800 = $91,800

D) = ($600 x 6 months) + $90,000 = $3,600 + $90,000 = $93,600

E) = $600 x 3 months = $1,800

3 0
3 years ago
What would be the best tool to display the following information from a basketball game? Eric had 21 points, 3 rebounds, and 1 a
vovangra [49]
Probably a T-chart would be best
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3 years ago
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