Cost of the lawnmower bought by Sarah = $320
Amount of down payment made by Sarah = $100
Amount paid by Sarah in 12 months = (12 * 25) dollars
= 300 dollars
Total amount paid by Sarah = (300 + 100) dollars
= 400 dollars
Excess amount paid as interest by Sarah = (400 - 320) dollars
= 80 dollars
Actual yearly rate of interest paid by Sarah = (80/320) * 100 percent
= 25 percent
So 25% yearly interest was paid by Sarah. The correct option is option "C".
When an equation is in standard form, x isn't negative so she should divide everything by a negative 1 to change it into a positive equation.
Answer:
The profits for firma A and B will decrease.
Step-by-step explanation:
Oligopoly by definition "is a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms".
If the costs remain the same for both companies and both firms decrease the prices then we will have a decrease of profits, we can see this on the figure attached.
We have an equilibrium price (let's assume X) and when we decrease a price and we have the same level of output the area below the curve would be lower and then we will have less profits for both companies.
Answer:
AC = 28
Step-by-step explanation: