Answer:
- ,000 new apartments will make the equilibrium price = $1,500
- 10,000 new apartments will make the equilibrium price = $1,000
- 15,000 new apartments will make the equilibrium price = $500
Explanation:
<u>Rent</u> <u>Demand</u> <u>Supply</u>
2,500.00 10000 15000
2,000.00 12500 12500
1,500.00 15000 10000
1,000.00 17500 7500
500.00 20000 5000
The equilibrium quantity is 12,500 apartments with a $2,000 rent per month. If the government wants to lower the equilibrium rent price by increasing the supply of apartments, then it must build:
- 5,000 new apartments will make the equilibrium price = $1,500
- 10,000 new apartments will make the equilibrium price = $1,000
- 15,000 new apartments will make the equilibrium price = $500
Requirement 1: [Find attachment 1]
Requirement 2: [ Find attachment 2]
Answer:
In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”
Explanation:
Answer:
47.37%
Explanation:
The capital budget is $625,000 out of which 40% is equity and the rest 60% is debt. The company forecasts the net income for the year to be $475,000. Grandin Inc. follows residual dividend policy and pays out all the residual income to its shareholders as dividend.
The portion of equity in the capital budget is $625,000 * 40% = $250,000
The net income potion which will be attributable to equity shareholders is
$250,000 / $475,000 = 47.37%
Because today's business are wholly dependent on technology for their survival.
This is especially in production, customer service, and marketing.