A bill for a cellphone specifies the cost as P 25,400 due at the end of 100 days but offers a 4% discount for cash in 24 days. What is the highest simple interest rate at which the buyer can afford to borrow money in order to take advantage of the discount?

Q: original cost of modem equipment is P 300,000 and it is depreciated by a 10% sinking fund method. De...

A: In economics matters, devaluation or depreciation is the progressive diminishing in the monetary wor...

Q: 6. Individual and market supply Suppose that Carlos and Deborah are the only suppliers of pizza slic...

A: Answer: Market demand: market supply refers to the sum total of individual supplies.  Price (Doll...

Q: The certain publisher purchased a machine for P 30,000, used it for 5 years and then sold it for P 1...

A: Sinking fund method of depreciation.  The arrangement is created in this technique such that a prede...

Q: Table 24-1 The following table pertains to Cheeseland, an economy in which the typical consumer's b...

A: The economics a s a study is based upon the basic idea of scarcity, or the limit to the amount of re...

Q: Which of the graph/s below show/s a rise in the price of fish? Fish (pounds per year) Fish (pounds p...

A: Chicken and Fish are substitutes. If the price of chicken increases, the demand for fish will increa...

Q: Which of the following is a typical example of a fixed cost of production in a business firm?  A. Pr...

A: Fixed Cost is one time cost which is incurred at the setting up of a business. The difference betwee...

Q: Problem 3 You found your utility preference given by U(w, d) = ", where w is your wage, and d is the...

A:

Q: During a business cycle contraction, the supply of bonds shifts to the opportunities, while the dema...

A: Answer: Businesses issue bonds to raise funds to invest in projects. But during a recession, profita...

Q: Given the cash flow table below, determine the unknown value "X" for an interest rate of 6%. Year 2 ...

A: Given: interest rate=6% To find: Value of X

Q: 1. An industrial plant is considering the purchase of a centrifugal pump. Three offers were received...

A: The economic life of an asset is the amount of time it is useful to its owner. Salvage value is an a...

Q: How did the information revolution affect modern society?

A: Information revolution led to the age of the internet where optical networks of communication play a...

Q: A production possibilities curve can shift inward if there is a. an increase in productivity b. an ...

A: We discuss here what happens in each of the scenario. a. an increase in productivity: In this case w...

Q: Table 2 shows Media Cable’s demand table, total revenue, and marginal revenue at each price. What is...

A: Quantity effects occurs when change in price affects the quantity, and it results into change in tot...

Q: Complete the following table by selecting the term that matches each definition. Quantity Supplied S...

A: Supply curve is the curve which shows positive relationship between price and quantity supplied. So,...

Q: Consider the following scenario to understand the relationship between marginal and average values. ...

A: Game free throw percentage= Free throw made/Free throw attemptedAverage free throw percentage=(Total...

Q: If you know that total fixed cost is $400, total variable cost is $200, and total output is 4 units,...

A: Total fixed cost  is the cost that does not change as the level of output changes. For example, depr...

Q: 3. The Ocean Spray juice company on Cape Cod has developed a new piece of machinery that can bottle ...

A: Supply is a fundamental economic concept that describes the total amount of a specific good or servi...

Q: Base on your graph, what do you think are the factors that may affect the demand of the existing pro...

A: Coca and Pepsi are two big brands of the cold  drink amd beverage industry . They are MNCs and are t...

Q: ovens in which his workers bake the pizzas. Felix signed a lease obligating him to pay the rent for ...

A: Since number of workers can be changed, workers are variable inputs. Number of ovens is fixed. So ov...

Q: Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the ques...

A: Ss(supply) curve is an upward sloping line which shows the direct relation between p(price) and Qs(q...

Q: struct a pipeline from a major lake some distance away. Construction would start at the beginning of...

A:

Q: Market failure refers to a situation when  a. Social efficiency is not achieved  b. Perfectly compet...

A: The economic condition described by the inefficient distribution of products and services in the fre...

Q: Economically, price refers to a dollar value but not time taken sitting in the health clinics waitin...

A: In economics, price is the term that is used to show the monetary value of any good or services at t...

Q: You have just won the lottery. The state offers you an amortized payout of $200,000 at the end of ea...

A: A lump sum is defined as a single large sum of money. In contrast to a series of payments made over ...

Q: 2. In an effort to encourage economic growth, the United States government has cut corporate income ...

A: Law of Supply: There exists direct relationship between price and quantity supplied keeping other fa...

Q: What term accurately describes demand when the quantity demanded is very

A: Elastic

Q: Briefly explain how firms compete/set price under the Oligopoly market structure.

A: Oligopoly is a form of market organization in which there are few sellers of a homogenous or differe...

Q: Problem 2 Let's assume you've found the following labor demand and supply curves: Lp = 30 – w Ls = 2...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: Option strike prices are set by the exchange   a. True b. False

A: An international exchange rate, also said as a foreign exchange rate. It is the price of a currency ...

Q: The demand for Hawaiian vacations is inelastic. Are the following statements true or false? A. If m...

A: Elasticity of demand is used in Economics to calculate the change in the quantity demanded of any go...

Q: A firm considering the installation of an automatic data processing unit to handle some of its accou...

A:

Q: a) State two advantages of the "orthogonal least square (OLS)' method in respect to the "forward sel...

A: This chapter is related to linear equation. It is attractive because it is simple and easy to handle...

Q: What would happen if you couldn’t withdraw your money from the bank?

A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...

Q: The macroeconomy is much more than the sum its parts’ Explain this statement. Explain what macro and...

A: The Micro and Macro economics both seek to optimally use the limited or scarce resources available i...

Q: The Mini-Case "An Upward=Sloping Long-Run Supply Curve for Cotton" shows a supply curve for cotton. ...

A: Supply in economics refers to the amount of a resource that firms, producers, labourers, financial a...

Q: Country X is a major oil exporter. It has a floating exchange rate system and has managed to maintai...

A: Given that: Floating exchange rate system fall in oil prices- from $100 a barrel to $29 a barrel

Q: Which of the following best characterizes the circular flow of income? Businesses buy resources from...

A:

Q: Suppose two Cournot firms selling identical products attempt to collude, calculate the profit to be ...

A: Let's assume there are two firms, i.e., Firm A and firm B Qa -> quantity of firm A Qb -> quant...

Q: Marginal Utility of X (units of utility) Marginal Utility of Y (units of utility) Price of X ($) 12 ...

A: Answer to the question is as follows:

Q: Suppose $55 is the equilibrium price in the bicycle market. The equilibrium quantity is 30 bicycles....

A: The consumer surplus is given as the area of the triangle above the equilibrium price and line and b...

Q: A rise in the federal funds rate a. raises the long-term real interest rate. b. does not change the...

A: The Federal Reserve holds accounts for banks and other depository institutions in the United States....

Q: Country X is a major oil exporter. It has a floating exchange rate system and has managed to maintai...

A: Given that: Floating exchange rate system fall in oil prices- from $100 a barrel to $29 a barrel

Q: ABC Corporation is the sole_provider of a particular service inthe country. The government has-opene...

A: Monopoly can be defined as a market structure in which there operates a single producer selling the ...

Q: Classify each of the statements as an example of positive or normative analysis.. The sugar quota in...

A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...

Q: Four different choices are given to determine the unknown value of "X" from the cash flow diagram gi...

A: Given: Interest rate=6% To find: Value of X

Q: The cost of employer-sponsored health care benefits are expected to approach $16,800 per employee ne...

A: Opportunity cost refers to the next available option that would have been chose in the absence of th...

Q: As my income increases I buy less cheap, generic paper towels and I buy more expensive Bounty paper ...

A:   As my income increases, I buy less cheap, generic paper towels and I buy more expensive Bounty pap...

Q: c. If the firm is currently producing 10 bags of snacks, what is the opportunity cost per-unit gain ...

A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods ...

Q: III. A monopolist faces the demand curve Q = 500 – P, where Q is the output of the firm and Pis the ...

A: Lets us first find out the inverse demand function Demand Function = Q = 500 - P Inverse Demand Func...

Q: Foreign purchases of domestically produced goods $88 Domestic purchases of foreign goods S120 Based ...

A: Here we calculate the value of GDP and its components by using the given information so the calculat...