Salutary products are products that have low immediate appeal but may benefit consumers in the long run.
<h3>What is Long Run?</h3>
There is a time frame known as the long run during which all cost and production elements are erratic. In the long run, businesses modify every expense, but in the short term, they can only affect prices by changing their production levels. A company may also anticipate competition in the long run, even though it may currently have a monopoly in the near term.
A long run is a span of time during which a manufacturer or producer can make production-related decisions with some latitude. Depending on the predicted profits, businesses can either increase or decrease their production capacity, or enter or leave a certain industry.
In order to achieve an equilibrium between supply and demand, firms that look at the long term understand that they cannot change output levels.
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Answer:
Someone owes you money
Explanation:
negative balance simply means that your card issuer owes you money,
Answer:
These payments worth to me when I first start my college are$4,303.
Explanation:
Monthly Payments = P = $100
Interest rate = i = 5.5% = 0.055 = 0.055/12 = 0.00458
Number of years = 4 years
Period in a year = 12 months
Number of total periods = n = 4 x 12 = 48 periods
APV = P [ 1 - ((( 1 + i )^-n ) / i)]
APV = 100 [ (1 - (( 1 + 0.00458 )^-48 ) / 0.00458)]
Annuity present value = $4,303
Answer:
is achieved when 25 units are produced.
Explanation:
profit is maximum at MR = MC
MR = 100 - 4Q
the MR curve is double sloped than the demand curve
since we were not given the MC;
let MC = 0
, then:
100 - 4Q = 0
4Q = 100
Q = 25
Therefore, The profit maximization is achieved when 25 units are produced.
