Answer: See explanation
Explanation:
In a pizza industry, the cost of the factory is a (fixed cost) only in the short run but not in the long run.
(Average fixed cost) is always falling as the quantity of output increases.
A cost that depends on the quantity produced is a (variable cost).
The term (opportunity cost) refers to all the things you must give up for taking some action.
The term (explicit cost) refers to costs that involve direct monetary payment by the firm.
(Average variable cost) is falling when marginal cost is below it and rising when marginal cost is above it.
The type of loan that this is known to represent is what is referred to as the wraparound mortgage loan.
<h3>What is the wraparound mortgage loan?</h3>
This is the type of mortgage that has to do with the fact that the borrower is financing another loan when they have not been able to finance the original mortgage itself.
This type of loan is beneficial to a person given that they would be able to get a system of loan that may not have been possible before.
Hence we have to conclude that Jays financing a property when he has an existing mortgage is what is called the wraparound mortgage loan.
Read more on the wraparound mortgage loan here:
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Answer:
Both statements are true
Explanation:
Due to the worm infestation, there would be a fall in supply of apples, this would lead to a shift of the supply curve to the left
a fall in price in apples, would lead to a movement down along the supply curve.
Only a change in price of a good leads to a movement along the supply curve for the good, other factors lead to a shift of the supply curve
The price of the stock 19 years from now would be the present value of all the dividends to be paid starting year 20. Here, to compute the PV of the dividends, we can use the PV of perpetuity formula as the dividends will be paid for the infinite period of time.
Value of the stock after 19 years = Dividend year 20/ required return
= $20 / 0.0725
= $275.86
<span>That is very true. They are the best people to manage the business since they started it and should know exactly how it needs to be run. If they don't know then their business will more than likely fail for poor management. They may hire other managers but they should always be the decision makers</span>
