he supply of aged cheddar cheese is inelastic, and the supply of bread is elastic. Both goods are considered to be normal goods by a majority of consumers. Suppose that a large income tax increase decreases the demand for both goods by 10%. The equilibrium quantity will a. Increase in both markets such that the size of the change in equilibrium quantity will be greater in the aged cheddar cheese market than in the bread market. b. Increase in the aged cheddar cheese market and a decrease in the bread market such that the size of the change in equilibrium quantity will be smaller in the aged cheddar cheese market than in the bread market. c. decrease in the aged cheddar cheese market and increase in the bread market such that the size of the change in equilibrium quantity will be larger in the aged cheddar cheese market than in the bread market. d. decrease in both markets such that the size of the change in equilibrium quantity will be smaller in the aged cheddar cheese market than in the bread market.

Find the interest rate for a $4000 deposit accumulating to $5234.58, compounded quarterly for 9 years

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

Identify the three components of a family's culture and provide one example from your own experience