The distinction between real and nominal variables is known as Classical dichotomy.
What is dichotomy?The difference between two diametrically opposed ideas or things: There is often a dichotomy between what politicians say and what they do. Compare. duality form. Splitting Two Completely Different Things: I try to explore the dichotomy of what people think of themselves and what they do. The classical dichotomy relates to the idea that real variables such as output and employment are independent of monetary variables. From this perspective, the primary function of money is to act as a lubricant for the efficient production and exchange of commodities. The classical dichotomy tells us that changes in the money supply affect neither the velocity of money nor the level of output. Therefore, every change in the growth rate of the money supply manifests itself 1:1 as a change in the rate of inflation.To learn more about dichotomy from the given link :
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Suppose a firm uses its company cost of capital to evaluate all of its projects. Will it underestimate or overestimate the npv of new projects that are riskier than the firm’s average projects?.
Using the cost of capital in this scenario will overestimate the npv.
The minimum rate of return or profit that a business must achieve before creating value is known as the cost of capital. The accounting department of a company computes it to assess financial risk and determine whether an investment is appropriate. In the hypothetical situation, the company will overvalue the potential of a risky endeavor. Risk causes the cost of capital to increase.
For instance, bonds, which are quite safe, are inexpensive. Stocks have a greater price because investors expect a larger return to make up for the higher risk. In essence, the investors would want a larger expected return to make up for the risk if they knew the newly appointed manager was likely to lose their money on a number of riskier projects.
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Deena works at a small brewery. She is the only person trained in changing out the labels on the automatic bottling machine. The brewery has high dependency on deena because she has low.
Deena works at a small brewery. She is the only person trained in changing out the labels on the automatic bottling machine. The brewery has a high dependency on Deena because she has low substitutability
What is a substitute?In economics and consumer theory, a substitute, or substitutable good, is a product or service that consumers perceive to be essentially the same or similar-enough to another product. Simply put, a substitute is a product that can be used instead of another.
Deena is employed at a small brewery. She is the only person who has been trained to change the labels on the automatic bottling machine. Deena is extremely important to the brewery.
Deena is the only one who knows how to change the machine's labels. As a result, there is a high reliance on Deena because she has low substitutability, which means there is no other resource available to replace her for the job.
Therefore, it illustrates low substitutability.
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Which element of a marketing plan outlines how products or services will be sold and delivered to customers?.
Advertising plan element of a marketing plan outlines how products or services will be sold and delivered to customers. The core of your marketing strategy is this.
Your marketing strategy should specify how you intend to connect with your target market at each step. Your Targeted Customer Is the Most Crucial Aspect of a Marketing Plan. Contributors to Entrepreneur are free to share their own opinions. The most crucial and ongoing task for any marketer is to understand their advertising target audience. The plan's marketing implementation section describes how marketing strategies will be put into practise. The performance evaluation lays out the criteria by which results will be assessed.
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a follow-up or interview may be requested if a company decides that you are qualified and needs more information about you
Interview conducted by an employer after deciding that an applicant is qualified but needs further details is known as a second interview.
What is a Second Interview?The second interview indicates that the company thinks you are qualified for the position and that you appear enthusiastic about the chance. Your suitability for the team will be determined during the following round (or rounds) of interviews. If a business determines that you are qualified and requires more information about you, they might ask for a follow-up or an interview. Do congratulate yourself for getting a second interview. At this point, some career experts claim that your chances of landing the job are one in four, while others claim that your chances are as high as fifty percent.Therefore, an interview conducted by an employer after deciding that an applicant is qualified but needs further details is known as a second interview.
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look back at the top 10 brands in exhibit 7.4 (page 208). what bases do these brands use for differentiation? what strategies do they use to create a relative position in their respective markets? why do these brands hold so much value?
Brand values determine our emblem's identity, message, and personality. These brand ideas guide tales, actions, behaviors, and decision-making procedures. Investing in and understanding our emblem values is fundamental to making sure our business remains unique in a saturated market.
The top 10 manufacturers in the showcase
1. To establish significant differentiation, comply with those 5 logos 2.Approach suggestions.
3. Begin with your Positioning.
4. Search for our customer revel in.
5. Maintain It personally.
6. Cultivate more potent Relationships.
7. Push the limits of increase.
8. Emotional response. This is based on supplying an emotional salience this is tied to a product or service.
9. Innovation.
10. Brand Presentation.
11. Pricing.
A brand is taken into consideration as precious if it is pretty recognizable this means humans recognize who they may be. Undoubtedly perceived clients have an awesome view of them. famous humans simply purchase and use goods or offerings.
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if a customer with a decisive behavior pattern uses aggressive body gestures and finger pointing at you, the service provider, a strategy you should use in response is to
In a case whereby a customer is with a decisive behavior pattern uses aggressive body gestures and finger pointing at you, the service provider, a strategy that I would use in response is to Talk and interrupt more than listen.
What is the best thing to do when dealing with a customer with a decisive behavior pattern that uses aggressive body gestures?The best thing to do when dealing with a customer with a decisive behavior pattern that uses aggressive body gestures is to continue to talk after the customer should have poured out her mind because if you do not give the customer to be able to pour out her mind she might not listen to what you want to say.
It should be noted that once you start giving the customer the response to her allegation, you should focus on the message you were trying to pass accross to him instead of listen to her further due to her behavior which is very aggressive.
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pam henry is a purchasing agent for microtell. each tuesday she places an order for ten boxes of photocopier paper with her supplier. ms. henry is participating in which type of buying situation?
Ms. Henry is taking part in the altered or modified rebuyer scenario.
Uncovering a modified rebuy
A modified rebuy occurs when a corporation reorders goods from a vendor it has already worked with but wishes to change a few details, such as the features, design, packaging, quantity, or delivery timeframes.
This kind of purchasing scenario may arise when a new rival releases a new product with superior qualities. In order to remain relevant and competitive on the market, your organisation then decides to modify its products.
With this form of procurement, a business places new orders for products from a trusted supplier. The items that were reordered match those from the initial order exactly (the same product of the same quantity).
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which of the following are characteristics that help distinguish the five general types of teams? multiple select question. the objectives of the team the extent to which team members are participating the life span of the team the number of team members
Answer:
The objectives of the team the extent to which team members are participating the life span of the team.
What power tactic is being used when a manager says that their request corresponds with a corporate policy or rule?.
Legitimacy power tactics are being used when a manager indicates that a request corresponds with a corporate policy or rule.
In political wisdom, legality is the right and acceptance of generally applicable laws or governing authorities. Authority means a particular position in an established government, while legitimacy means the system of government and government means 'sphere of influence.One place of legality is to cover and further the pursuit of the institution's objectives. State legitimacy is commonly understood as sovereignty. When considering legality across states, we need to consider how different purposes change legality.
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Disclaimer: The question is incomplete. Please read below to find the missing content.
Which of the following power tactics is being used when a manager indicates that a request corresponds with a corporate policy or rule?
A. Rational persuasion
B. Inspirational appeals
C. Consultation
D. Exchange
E. Legitimacy
2. an insurance company needs to assess the damage from a wildfire so that it can quickly pay out claims. in which two ways might gis provide value for the company?
For instance, damage from wildfires to your house, land, and possessions is covered by home insurance. Your car will be covered by auto insurance.
A solid insurance is crucial since it will assist you receive the highest payout for a claim. Depending on the kind of damage you have, your wildfire insurance coverage will change.When an insurance adjuster comes to your house to inspect the damage, you'll probably need to fill out a "proof of loss" form with information about each damaged item, its estimated purchase date, and how much it would cost to replace or repair it. A finished home inventory would be useful in this situation.
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what is the impact of the h4 ead while the h1 transfers to new employees if they previously h1b withdrawn
Not nothing occurs to her EAD and no action is needed from you. Your wife's H4 EAD is based upon her H4 fame handiest, which is once more primarily based to your H1B popularity.
So, so long as you've got a valid H1B reputation with i140, her H4 EAD will keep.
Because of this, in case your company ends your employment or you have got your H-1B visa revoked, you will have approximately full months to discover a special sponsoring corporation, trade your fame, have your I-a hundred and forty petitions filed, or go away the US of a.
Any H4 visa holder can also convert from H4 to H1B visa repute as long as they meet the H1B visa necessities. The H4 visa holders sponsoring H1B organization need to report or their H1B petition. The H1B sponsoring enterprise will want to put up the subsequent form I-129.
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In the content of a message, marketers often use __________ appeals such as joy, love, humor, fear, and guilt.
In the content of a message, marketers often use emotional appeals such as joy, love, humor, fear, and guilt.
Desirable entrepreneurs are strategic with their time and resources, in particular, due to the fact that there are so many specific channels to apply and sorts of content to provide. They are additionally astute leaders, riding business growth whilst focusing on statistics and creativity, balancing multiple channels, and running in fast-paced surroundings.
Marketers are chargeable for making plans, growing, and executing advertising campaigns to enlarge their companies attain and capacity consumer pipeline. A marketing task description should consist of the essential qualifications, obligations, and talents required for success within the role.
"Dating" is the maximum critical phrase in advertising and marketing. The relationships you build with existing and capacity customers are in the end and uniquely what differentiates you from your competition. The purpose of marketing is to help build enterprise relationships with the right sort of human beings.
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an automobile manufacturer has given its car a 59.5 miles/gallon (mpg) rating. an independent testing firm has been contracted to test the actual mpg for this car since it is believed that the car performs over the manufacturer's mpg rating. after testing 250 cars, they found a mean mpg of 59.6. assume the population standard deviation is known to be 1.9. is there sufficient evidence at the 0.05 level to support the testing firm's claim? step 2 of 6 : find the value of the test statistic. round your answer to two decimal places.
The value of the test statistic is 0.832 and we fail to reject the null hypothesis.
What is test statistics?A test statistic is a statistic that is used to test statistical hypotheses. A hypothesis test is usually specified in terms of a test statistic, which is a numerical summary of a data set that reduces the data to a single value that can be used to perform the hypothesis test.
The test statistic will be calculated thus:
= ( X - U) / (SD / ✓n)
where x = mean
SD = standard deviation
n = number
= ( X - U) / (SD / ✓n)
= (59.6 - 59.5) / (1.9 / ✓ 250)
= 0.832
The test statistic is 0.832.
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one of the disadvantages of the departmental and the plantwide overhead rate methods is that multiple choice question. overhead costs are frequently too complex to be explained by only one factor like direct labor hours or machine hours. direct labor hours may increase the effect of technological advances. direct labor hours may decrease the effect of technological advances. technological advances may increase direct labor hours as a percentage of total manufacturing costs.
One of the disadvantages of the departmental and the plantwide overhead rate methods is that direct labor hours may decrease the effect of technological advances.
What drawbacks are there to departmental overhead rates?Disadvantages. When each department is in charge of several goods with different personnel and machine hours, the overhead rate per department will be off. When departments are big, this is probably going to happen. Since each department must measure and compute its individual rate, this also results in redundancy.
What benefit does employing a departmental rate for overhead allocation have?Departmental overhead rates give departments the freedom to employ a different activity or cost driver. Frequently, certain departments will use a lot of physical labor while still using more machinery. For some departments, direct labor hours can be crucial, yet machine hours might be more practical in other cases.
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a book store that has market power can question 1 options: influence the market price for the books it sells. minimize costs more efficiently than its competitors. reduce its advertising budget more so than its competitors. ignore profit-maximizing strategies when setting the price for its books.
A bookstore with market power has the ability to option a. affect the price at which the books it sells are sold.
Market power is the capacity to affect market prices. Market power is the ability of a firm to influence supply, demand, or both in order to change the price of a product in the marketplace.
Market or monopoly power is the capacity of a firm (or collection of firms) to increase and maintain prices above the level that would prevail under competition. Utilizing market power results in decreased output and decreased economic welfare.
Demand elasticity, significant entry or exit barriers, and a large number of competitors are the three main sources of market power.
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When anton began working at his local bakery, he found out there was a union representing the bakery workers, but that management didn’t take them seriously and refused to sit down with the union and negotiate. After some research, anton found out that under the __________, workers had the right to expect management to negotiate with them.
When Anton began working at his local bakery, he found out there was a union representing the bakery workers, but that management didn’t take them seriously and refused to sit down with the union and negotiate. After some research, Anton found out that under the National Labor Relations Act (Wagner Act) workers had the right to expect management to negotiate with them.
What is National Labor Relations Act?The traditional law of unions, which makes up the majority of the body of legislation known as labor law, places a strong emphasis on the rights of employees collectively. This can be contrasted with employment law, which is mainly concerned with concerns pertaining to the rights of specific employees. The National Labor Relations Act's preeminence within the corpus of legislation that makes up labor law is noteworthy (NLRA).
The NLRA clearly defines the rights and responsibilities of three main categories with respect to one another. It is simple to understand why such tight job definitions are crucial since they enable unions, employers, and workers to all know exactly what to anticipate from one another.
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Why are national credit card sales considered cash sales even though cash is not received at the time the transaction is carried out?.
National credit card sales are considered cash sales even though cash is not received at the time the transaction is carried out because the credit card issuer guarantees payment.
National issuers are generally ménage names with established brand equity. The periodic change rates( APRs) that public issuers offer tend to be fairly formalized. For this reason, guests who protect around may be suitable to find better deals among lower indigenous issuers.
Where the public issuers enjoy an advantage is in their cardholder price programs. Because these programs calculate on hookups with large sharing businesses, public issuers can work their scale and brand mindfulness to offer seductive benefits their lower rivals can infrequently match. Likewise, competition among public issuers tends to concentrate on fidelity programs, rather than financial terms similar to minimal yearly payments or APRs.
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which component of an enterprise resource planning (erp) system tracks financial information, such as budget allocations and debits and credits?
The purchasing component of an enterprise resource planning (ERP) system tracks financial information, such as budget allocations and debits, and credits.
What is the purchasing component?Purchased components are pieces of an assembly that you will buy from a vendor rather than manufacturing yourself. Fasteners such as screws, nuts, bolts, and other types of fasteners typically make up purchased components. The assembled part is then assembled using the purchased parts.Component purchases refer to purchases of an item's component parts, which ordinarily would be made in a single transaction. "Separate purchases" refers to individual purchases of goods that, under normal circumstances, would be conducted as a single transaction.Therefore, the purchasing component of an enterprise resource planning (ERP) system tracks financial information, such as budget allocations and debits, and credits
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If you are offered a job, what is the most important thing you should do before accepting.
The most important thing you should do before accepting the job are to check the Salary, Benefits, Working hours, Tracking productivity and Potential for growth.
Employee productivity (every now and then referred to as workforce productivity) is an assessment of the efficiency of a worker or staff. productivity can be evaluated in terms of the output of an employee in a specific period of time.
Productivity is the quantity of goods and services that a set of people produce in a given quantity of time. it is certainly one of several varieties of productivity that economists degree.
Productivity is vital because the quantity of money a business enterprise spends on employee wages have to be less than what the worker earns the enterprise through their paintings. whilst employees sense efficient and are given the opportunity to genuinely make a contribution to the overall business enterprise, they gain a feel of cause.
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depreciable assets and land used in a trade or business (including rental property) held by a taxpayer for more than one year are referred to as section
Section 1231 assets are defined as depreciable assets and land used in a trade or business (including rental property) owned by a taxpayer for more than a year.
What are section 1231 assets?1231 According to section 1231 of the U.S. Internal Revenue Code, the property is a type of property.
Depreciable property and real estate that has been used for more than a year in a trade or business (such as buildings and equipment) are both regarded as 1231 properties.
Numerous types of cattle, coal, lumber and domestic iron ore are also featured. Items held for routine commercial sales, the artist's personal works of art, inventory, and government publications are excluded.
Depreciable assets and land used in a trade or business (including rental property) owned by a taxpayer for more than a year are referred to as section 1231 assets.
Therefore, section 1231 assets are defined as depreciable assets and land used in a trade or business (including rental property) owned by a taxpayer for more than a year.
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Depreciable assets and land utilized in a business or profession owned by either a taxpayer for more than a year are referred to as section 1231 assets.
Describe Section 1231.1231 Property is a type of property as specified in U.S. Internal Revenue Code section 1231. Depreciable property as well as real estate used in a business or industry and kept for longer than a year are both considered 1231 property. Additionally included are several kinds of livestock, coal, lumber, and domestic iron ore.
What assets make up the 1231 Assets?In case you forgot depreciable commercial property which has been owned for longer than a year is considered a Section 1231 asset. Among these resources are land, timber, other natural resources, unharvested crops, cattle, livestock, and leaseholds with at least a year remaining.
Why is land regarded as a solely Section 1231 asset?A pure Section 1231 asset is the first type, then. Land is a good illustration of this. A Section 1231 asset is one that is retained for a long time and used for commercial purposes. Land, on the other hand, will not be susceptible to any recapture of depreciation because it is not, in the first place, depreciable.
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lanning company sells 160000 units at $45 per unit. variable costs are 29 per unit and fixed costs are 975000. determine the contribution margin ratio
Contribution margin ratio is equal to Contribution contribution pee unit upon selling price $45-$29 = $16, $16÷$45 = 0.35
A business's contribution margin ratio is calculated by dividing its total revenue by its variable costs. Sales Revenue / (Sales Income - Total Variable Costs) = Contribution Margin Ratio. The marginal gain from manufacturing one extra unit is indicated by the contribution margin ratio.
The contribution margin may not always be a reliable indicator of economic gain. There may be significant fixed costs that businesses must take into account.
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In an effort to improve the reporting of sustainability efforts and reduce greenwashing, which nonprofit organization has developed a 77-standard framework to enable companies to explain sustainability and its financial impact?.
The Sustainability Accounting Standards Board (SASB), developed a 77-standard framework to enable companies to explain sustainability and its financial impact.
What is sustainability?The capacity to support or continue a process over time is known as sustainability.Economic, environmental, and social sustainability are the three main principles that are frequently separated.Governments and corporations alike have made commitments to pursue sustainable objectives like lowering their environmental footprints and preserving resources.Investments in sustainability, also referred to as "green investments," are being actively embraced by some investors.Some businesses have been charged with "greenwashing," the act of deceiving the public to make a company appear more environmentally friendly than it actually is.To learn more about sustainability, refer to
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linda, a fifty-year-old, goes back to college after being a baker for several years. through her college years, she studies diverse subjects which enrich her knowledge. this scenario illustrates an increase in her level of . group of answer choices
Linda, a fifty-year-old, goes back to college after being a baker for several years. Throughout her college years, she studies diverse subjects which enrich her knowledge. this scenario illustrates an increase in her level of crystallized intelligence. Option D. is correct.
To have knowledge method to recognize or be conscious of factors. information is knowledge gained thru gaining knowledge of or enjoy. You study a recipe to advantage of information approximately baking rhubarb pie. expertise individual know-how requires know-how (a) what information we represent approximately others,
(b) how this data is obtained, and (c) how this record is used to make new inferences and choices. understanding sharpens our abilities like reasoning and trouble-solving.
A sturdy base of expertise enables brains to function more smoothly and successfully. We grow to be smarter with the strength of knowledge and solve issues greater effortlessly. * everyday lifestyles- expertise is essential and beneficial in everyday activities.
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Disclaimer: The question is incomplete. Please read below to find the missing content.
Linda a fifty-year-old, goes back to college after being a baker for several years. Throughout her college years, she studies diverse subjects which enrich her knowledge. This scenario illustrates an increase in her level of:
A. fluid intelligence
B. existential intelligence
C. interpersonal intelligence
D. crystallized intelligence
which are managerial actions that can help create a team with cohesiveness and high-performance norms? multiple select question. maintain high entrance and socialization standards. help the team succeed, and publicize its successes. be a strong and assertive managerial presence. present a competitive challenge from outside the team.
A correct answer is option (A) maintaining high entrance and socialization standards this managerial action will help create a team with cohesiveness and high-performance norms.
One of the distinctive features of the gatherings is their cohesion, which is important from a behavioristic standpoint. The degree to which group members are drawn into one another and motivated to stay in the gatherings is referred to as cohesion. The degree of intimacy that people feel with the meetings is characterized by cohesiveness. It is seen as the degree of preference each component has for others in the group and the required distance for each individual to remain outside of the group.
Cohesiveness refers to the level of unity "in the group and is represented in individuals' assimilation to the standards of the group, the sense of attraction for one another, and the need to be co-individuals from the group." All three factors—attraction, cohesion, and similarity—are intertwined. The cohesiveness of the group will be more notable the more the participants feel drawn in. The impact of the group members persuading one another to conform to the standards of the group is more pronounced the more notable the cohesiveness. The character of the individuals in the group and the cohesiveness of the group are all more notable the more prominent the congruity.
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according to a harvard business review study, which of the following is not an area in which corporate contributions are most likely to enhance a company's competitiveness? group of answer choices context for strategy and rivalry. demand conditions. stakeholder management factor conditions
Competitive rivalry is a measure of how ferociously already-established businesses battle with one another. Reduced profits might result from competitive actions like price reduction, increased advertising expenses, or spending on service/product innovation and upgrades.
What is context of strategy:
The level of rivalry between existing businesses is a measure of that level of competitiveness. Profits may be hampered by intense competition, which may result in price reductions, higher advertising costs, or investments in service/product innovation and enhancement.
A company's overall master plan is essentially its business strategy. A company's management creates and puts this plan into action to achieve its strategic goals. A business plan is simply an outline of the long-term strategic course that a corporation intends to take.
A company's competitive strategy is its protracted action plan that, after analyzing its competitors' strengths, weaknesses, opportunities, and threats relative to your own, is meant to give it a competitive advantage over them.
The act of competing against another individual for the same object is known as rivalry. The family finds your competition with your older sister funny, but it irritates her to no end. Rivalry is derived from the noun rival, which refers to the opponent.
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which of the following correctly describes the difference between products under pure competition versus products under monopolistic competition? multiple choice question. differentiated products are sold in both pure competition and in monopolistic competition. standardized products are sold in pure competition but homogeneous products are sold in monopolistic competition. standardized products are sold in both pure competition and in monopolistic competition. standardized products are sold in pure competition, but differentiated products are sold in monopolistic competition. differentiated products are sold in pure competition, but standardized products are sold in monopolistic competition.
A difference between products under pure competition and under monopolistic competition is standardized products are sold in pure competition, but differentiated products are sold in monopolistic competition.
How are pure competition and monopolistic competition different?In pure competition, the products sold are standardized. This means that the products are all the same and so sellers have little power. This is because a person could simply switch to another seller with better prices seeing as it is the same product being sold by all the sellers.
When it comes to monopolistic competition on the other hand, the products sold are differentiated. What this means is that they have features that the products sold by other sellers do not have. As a result, sellers have some form of control over the pricing in the market because they sell products that cannot be gotten elsewhere from other sellers .
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aisha is a human resources manager at a large trucking firm. when new employees start working at the firm, aisha has them fill out paperwork, so the company can deposit their paychecks directly into their bank accounts. which electronic banking innovation does aisha most likely use to set up these direct deposits?
Aisha is most likely to use An automated Clearinghouse to set up these direct deposits.
What do you mean by Deposits?
Hence, she will probably invest in An automated Clearinghouse from the given link
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the activity rate for the size-related activity cost pool is $1.33 per guest. (the greater the number of guests, the larger the cake.) the activity rate for the complexity-related cost pool is $35.93 per tier. (cakes with more tiers are more complex.) finally, the activity rate for the order-related activity cost pool is $87.14 per order. (each wedding involves one order for a cake.) the activity rates include the costs of raw ingredients such as flour, sugar, eggs, and shortening. the activity rates do not include the costs of purchased decorations such as miniature statues and wedding bells, which are accounted for separately. data concerning two recent orders appear below: ericson wedding haupt wedding number of reception guests 71 227 number of tiers on the cake 12 14 cost of purchased decorations for cake $ 17.20 $ 72.45 assuming that all of the costs listed above are avoidable costs in the event that an order is turned down, what amount would the company have to charge for the ericson wedding cake to just break even?
Assuming that all of the costs listed above are avoidable costs in the event that an order is turned down, the amount that the company would have to charge for the Ericson wedding cake to just break even is $629.92.
How to find the total cost?The total cost can be calculated using this formula
Total cost = Size related + Complexity-related +Order-related +Cost of purchased decorations for cake
Total cost
Size related $94.43
($1.33 per guest × 71 guests)
Complexity-related $431.16
($35.93 per tier × 12 tiers)
Order-related $87.14
($87.14 per order × 1 order)
Cost of purchased decorations for cake $17.20
Total cost $629.93
Therefore he will charge the amount of $629.93 to break-even.
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over the past 30 years your parents saved money each month for their retirement. they retired last week and expect to live another 28 years. their investment account is currently valued at $487,300 and is expected to earn 7 percent annually in the future. how much money can they withdraw annually if they wish to spend all of their money during their lifetime?
With current investment of $487,300 and 7% interest, your parents can withdraw $6,038.6 per year.
The annual withdrawal is considered as an annuity. The formula that relates the present value and the annuity is given by:
PV = PMT x [1 - (1 + r)ⁿ]/r
Where:
PMT = amount of annuity payment
r = interest rate per period
n = number of periods
Parameters given in the problem:
PV = $487,300
n = 28
r = 7% = 0.07
Plug these parameters into the formula:
487,300 = PMT x [1 - (1 + 0.07)²⁸]/0.07
PMT = 487,300 x 0.07 / [1 - (1.07)²⁸] = 6038.6
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as an industry expands, more manufacturing companies are able to increase their productivity due to specialization. this industry is likely to be a(n):
Terms in this set (30) Due to specialization, more manufacturing businesses are able to increase productivity as an industry grows. It is likely that prices will go down in this industry.
What is an industry with declining costs?
An industry with decreasing costs is one in which a product's price goes down as production goes up. A long-run supply curve with a downward slope is the name given to the phenomenon.
Perfect competition does not have product differentiation as a feature. Perfect competition is characterized by price-taking behavior, buyer freedom of entry and exit, and a large number of buyers and sellers.
What long-term effects will an expanding market's demand have on an industry with rising costs?
The industry supply curve would also rise as a result. In the short term, the outcome would be a price increase that would be less than the increase in cost per unit. Companies would suffer financial losses, eventually leading to exit.
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