Answer: monopolistically competitive industry
Explanation:
Based on the above information, Hot Wok Cuisine is most likely operating a monopolistically competitive industry.
This is a type of industry whereby the firm's make their own pricing and output decisions. There are large number of competitors, but the products that they sell are slightly different from one another. Also, there some entry barriers.
We can infer that the restaurant differentiates itself from a large number of competitors by providing exclusively organic Chinese cusine and there are entry barriers.
Answer:
Ans. 16 years to maturity
Explanation:
Hi, first we need to establish the amount of money of the coupons, in our case, 7% semi-annual, that means that we have to do use the following formula:
Now, in order to find the yield to maturity in semi-annual terms, we have to do the following.
Then we have to use the "find goal" function of MS Excel in order to solve the following equation, which must be equal to $1,023.46
As you can see, solve this is not easy or practical therefore we have to use the "find goal" function" of MS Excel. Please see the file attached to this answer for more details in the formula. Below, please find how I propose to organize the information and the answer.}
Face Value $1.000
<u>Price $1.023,46 </u>
Coupon(annual) 7%
Coupon (semi-annual) 0,035 $35
YTM(Years) 6,72%
YTM(Semester) 3,3054%
<em>years to maturity 15,62771676 = 16
</em>
PV Coupons $400,83
PV Final PMT $622,63
<u>Price Given (n) $1.023,46 </u>
<u />
Best of luck.
Answer:
The equilibrium price would increase, and the equilibrium quantity would decrease.
Explanation:
With an increase in the cost of steamed milk, the cost of materials, one of the key factors in pricing decision would rise, which means that the equilibrium price of lattes would also increase. With an increase in price, according to the law of demand, there is a decrease in demand. Therefore, the quantity of lattes sold at the new equilibrium price would decrease.
The equilibrium price would increase, and the equilibrium quantity would decrease.