Business, 11.02.2020 22:50 kcceff4085
All of the goods below are either sold in perfectly competitive markets or in secondary markets that are also competitive. Suppose that the market (or the secondary market) starts in equilibrium. For each of the following scenarios, determine whether there would be upward or downward pressure on the price immediately after the event.
a. The Nile River floods this year add an exceptional amount of silt to the soil, resulting in increased crops of cotton.
b. Sub-zero weather in New York, where the Super Bowl is being played causes people to become disinterested in watching the Super Bowl live. What happens to ticket price in the scalping market?
c. An outbreak of mad cow disease causes Americans to abstain from eating beef.
d. An impending nuclear war causes people to stock up on twonkies, a popular snack cake provided by many companies
Answers: 2
Another question on Business
Business, 21.06.2019 14:50
The maximum amount of money that a consumer can charge on a credit card is called the
Answers: 2
Business, 21.06.2019 22:30
Quantitative problem: you need $20,000 to purchase a used car. your wealthy uncle is willing to lend you the money as an amortized loan. he would like you to make annual payments for 4 years, with the first payment to be made one year from today. he requires a 8% annual return. what will be your annual loan payments? round your answer to the nearest cent. do not round intermediate calculations. $ how much of your first payment will be applied to interest and to principal repayment? round your answer to the nearest cent. do not round intermediate calculations. interest: $ principal repayment
Answers: 1
Business, 21.06.2019 22:50
He taylor company sells music systems. each music system costs the company $100 and will be sold to the public for $250. in year one, the company sells 100 gift cards to customers for $250 each ($25,000 in total). these cards are valid for just one year, and company officials expect them to all be redeemed. in year two, only 96 of the cards are returned. what amount of net income does the company report for year two in connection with these cards? a. $15,000b. $15,400c. $15,500d. $15,800
Answers: 1
Business, 22.06.2019 10:50
Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?
Answers: 2
You know the right answer?
All of the goods below are either sold in perfectly competitive markets or in secondary markets that...
Questions
Computers and Technology, 06.08.2019 04:30
