Answer: Project X
Explanation:
The Payback period is the amount of time it would take for the cash inflows accruing from an investment to payoff the cost of the investment.
Project X has a constant cashflow of $24,000 for 3 years and a cost of $68,000 for the Payback period is;
= 68,000/24,000
= 2.83 years
Project Y has an uneven cash flow with a cost of $60,000. Payback is calculated as;
= Year before payback + Amount left to be paid/cashflow in year of payback
Year before payback = 4,000 + 26,000 + 26,000
= $56,000
This means that the third year is the year before payback.
60,000 - 56,000 = $4,000
Payback period = 3 + 4,000/20,000
= 3.2 years
Based on a Payback period of 3 years, only Project X should be chosen as it pays back in less than 3 years.
Answer:
Price is lower than ; Quantity is higher than Monopolistic Competition
Explanation:
Perfect Competition is a market form with many buyers & sellers, selling homogeneous products at constant prices. Having uniform prices, It has perfectly elastic horizontal demand (Average Revenue) curve, ie = Marginal Revenue curve. Equilibrium price is where MR = MC ; So price = MC. This leads to optimal quantity supplied in market
Monopolistically competitive is market form having many sellers, selling slightly differentiated products, at different prices. Their demand curve (AR curve) is usually downward sloping, lies above the MR curve. Market equilibrium quantity is determined at MR = MC. The corresponding price is determine as per higher demand (AR) curve. Price > MC implies less than optimal quantity supplied in markets
Hence : Broccoli would be lower priced & higher supplied in case of perfect competition market, relatively higher priced & less supplied in case of monopolistic competition market.
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Durable and Nondurable goods are included in the Gross Domestic Product calculation of consumption.
Consumption expenditure refers to expenditure incurred by means of households on the buying of all varieties of purchaser goods, i.e durable goods like food merchandise and nondurable items like motors.
The manufacturing of durable items is a part of a country's Gross Domestic Product. As reported within the Survey of present-day business with the aid of the Bureau of monetary evaluation and also within the annual report of the Council of Economic Advisers, long-lasting items which can be sold to purchasers appear underneath non-public intake fees.
Consumer nondurable goods are purchased for fast or nearly instant intake and feature a lifestyles span starting from mins to a few years. common examples of those are meals, liquids, garb, footwear, and gas.
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