Business, 13.12.2019 19:31 DWilson1234
David ricardo, a nineteenth-century economist, wrote, "the price of corn is high not because a rentis paid, but a rent is paid because the price of the corn is high." which of the following correctlyexplains ricardo's assertion?
1. the high rents landowners charge tenant farmers cause high corn prices.
2. if landowners weren't so greedy and lowered the rents they charge tenant farmers, theprice of corn would fall.
3. if the price of corn rises because of increased demand for corn, land rents will rise toabsorb most of the extra revenue received by tenant corn farmers.
4. if the price of corn rises, all other things being equal, increases in rent will cause sometenant farmers to stop growing corn
Answers: 1
Business, 22.06.2019 13:50
Diamond motor car company produces some of the most luxurious and expensive cars in the world. typically, only a single dealership is authorized to sell its cars in certain major cities. in less populous areas, diamond authorizes a single dealer for an entire state or region. the manufacturer of diamond automobiles is using a(n) distribution strategy for its product.
Answers: 2
Business, 22.06.2019 20:10
Your sister is thinking about starting a new business. the company would require $375,000 of assets, and it would be financed entirely with common stock. she will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an roe of 13.5%. how much net income must be expected to warrant starting the business? a. $41,234b. $43,405c. $45,689d. $48,094e. $50,625
Answers: 3
Business, 23.06.2019 02:50
Dakota company experienced the following events during 2016. 1. acquired $30,000 cash from the issue of common stock. 2. paid $12,000 cash to purchase land. 3. borrowed $10,000 cash. 4. provided services for $20,000 cash. 5. paid $1,000 cash for utilities expense. 6. paid $15,000 cash for other operating expenses. 7. paid a $2,000 cash dividend to the stockholders. 8. determined that the market value of the land purchased in event 2 is now $12,700
Answers: 1
David ricardo, a nineteenth-century economist, wrote, "the price of corn is high not because a renti...
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