Answer:
The value per share of common stock today is $23.94
Explanation:
To calculate the worth of the stock today, we first need to calculate the value of firm using FCF and then calculate the value of equity by deducting the market value of debt and preferred stock from the value of firm. Then we will divide the value of equity by the number of common stock shares.
Value of firm will be calculated using the discounted cash flows model approach. The value of firm will be,
Value of firm = 780000 * (1+0.1) / (1+0.13) + 780000 * (1+0.1) * (1+0.08) / (1+0.13)^2 + 780000 *(1+0.1)*(1+0.08)*(1+0.07) / (1+0.13)^3 +
[ 780000 *(1+0.1) *( 1+0.08) *(1+0.07) *(1+0.06)) / (0.13 - 0.06)] / (1+0.13)^3
Value of firm = $12,577,754.16
Value of equity = $12,577,754.16 - (2000000 + 1000000) = $9,577,754.159
Value per share = $9,577,754.159 / 400000
Value per share = $23.944 rounded off to $23.94
Which of the following is an example of a market statement?
a. Married women.
b. Students attending college.
c. Adults living in a city.
d. Realtors selling homes under $130.000
Answer:
d
Explanation:
Answer:
d.
Explanation:
Market is where people buy and sell things. The only answer which talks about that is d.
Your division is considering two projects with the following cash flows (in millions): 0 1 2 3 Project A -$16 $7 $9 $10 Project B -$26 $14 $20 $11 What are the projects' NPVs assuming the WACC is 5%
Answer:
NPV project A = $7.47 million
NPV project B = $14.98 million
Explanation:
Net present value is the present value of after tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator:
For project A :
Cash flow in year 0 = -$16
Cash flow in year 1= $7
Cash flow in year 2 = $9
Cash flow in year 3 = $10
I = 5%
NPV = $7.47 million
For project B
Cash flow in year 0 = -$26
Cash flow in year 1 = $14
Cash flow in year 2 = $20
Cash flow in year 3 = $11
I = 5%
NPV = $14.98 million
To find the NPV using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
I hope my answer helps you
Which of the following is true if you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels?
If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.
Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.
This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.
After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.
The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public
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On July 23 of the current year, Dakota Mining Co. pays $7,147,920 for land estimated to contain 9,048,000 tons of recoverable ore. It installs machinery costing $1,900,080 that has a 10-year life and no salvage value and is capable of mining the ore deposit in eight years. The machinery is paid for on July 25, seven days before mining operations begin. The company removes and sells 466,500 tons of ore during its first five months of operations ending on December 31. Depreciation of the machinery is in proportion to the mine's depletion as the machinery will be abandoned after the ore is mined.
Required:
Prepare entries to record the following. (Do not round your intermediate calculations.):
a. to record the purchase of the land
b. to record the cost and installation of machinery
c. to record the first five months depletion assuming the land has a net salvage value of zero after the one is mined
Depreciation of the machinery is in proportion to the mine's depletion as the machinery will be abandoned after the ore is mined. Debit for mineral deposit = $6,346,080.
Cost and installation of machinery:Depletion expense = $368,535
Depreciation expense = $97,965
Ore deposit = $368,535
Equipment accumulated depreciation = $97.965
Calculation of depreciation and depletion:The machine will be depreciated at the same phase as the ore deposit As the asset is related to it and will have no value after the minimizing project ends. Therefore, depreciation for the year:
466,500 / 9,048,000 x 7,147,920 = 368.535 ore deposit amortization
466,500 / 9,048,000 x 1,900,080 = 97.965 equipment depreciation
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ondren Machine Tools has total assets of $3,930,000 and current assets of $829,000. It turns over its fixed assets 3.8 times per year. Its return on sales is 6.5 percent. It has $1,280,000 of debt.
What is its return on stockholders’ equity?
The return on stockholders’ equity is 28.90%.
How to calculate the stockholders’ equity?
Total Assets 3930000
Less: Total debt 1280000
Total Stockholders' equity 2650000
Total assets 3930000
Less: Current assets 829000
Fixed Assets 3101000
Total Assets 3930000
Less: Total debt 1280000
Total Stockholders' equity 2650000
Total assets 3930000
Less: Current assets 829000
Fixed Assets 3101000
Fixed Assets 3101000
X Fixed Assets turnover 3.8
Total revenue 11783800
Total revenue 11783800
X Return on sales 6.50%
Net income 765947
Net income 765947
Divide by Total Stockholders' equity 2650000
Return on stockholders’ equity 28.90%
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Machine Tools has total assets of $3,930,000 and current assets of $829,000. It turns over its fixed assets 3.8 times per year. Its return on sales is 6.5 percent. It has $1,280,000 of debt.
What is its return on stockholders equity
= 2,650,000 dived total stockholders equity
= 28.90% return on stockholders equtiy
Which is an example of a short-term investment?
Osavings bond
Osavings account
O retirement fund
checking account
Please label each question as either closed question or open-ended question. 1. How many personal computers do you have in this department? 2. How is this task performed? 3. Why do you perform the task that way? 4. How many hours of training does a clerk receive? 5. How many customers ordered products from the Web site last month? 6. What are users saying about the new system? 7. How are the checks reconciled? 8. What added features would you like to have in the new billing system? 9. Is the calculation procedure described in the manual? 10. Is there anything else you can tell me about this topic?
The label of the question as either closed question or open-ended question is given below:
1. Closed ended question
2. Open ended question
3. Open ended question
4. Closed ended question
5. Closed ended question
6. Open ended question
7. Open ended question
8. Open ended question
9. Closed ended question
10. Closed ended question
What are some instances of open-ended and closed-ended questions?Open-ended inquiries are those that provide responders a prompt for the inquiry and a blank place to write their own response. As an alternative, closed-ended inquiries give a question prompt and ask respondents to select from a range of acceptable answers.
"What do you think about this goods?" is an example of an open-ended question. Closed-ended questions, on the other hand, typically only allow for a single word or a selection from a small number of multiple-choice options (for example, "Are you satisfied with this goods?" Yes, No, Mostly or Not quite").
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Which dating app is going public with a valuation of about $2 billion?.
The dating app that is going public with a valuation of about $2 billion is Bumble. Bumble is a popular dating app that was founded in 2014 by Whitney Wolfe Herd.
The app is unique in that it requires women to initiate conversations with their matches, which has helped it gain popularity among female users. Bumble's parent company, Bumble Inc., recently filed for an initial public offering (IPO) and plans to list on the Nasdaq under the ticker symbol BMBL.
The company plans to raise $100 million from the IPO, and its valuation is expected to be around $2 billion. Bumble has grown rapidly in recent years and currently has over 100 million users in more than 150 countries. The company also offers other services, including Bumble BFF, which helps users find friends, and Bumble Bizz, which helps users network professionally.
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The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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Question 9 of 10
Selling to another company the right to make and market a product line is
called
the line.
OA. spinning off
OB. branding
O C. extending
OD. lowering
The correct option is OA. Selling to another company the right to make and market a product line is called spinning off.
Create a new corporation that is independent of the previous organization by spinning off something, like a company. [Firm] He saved the organization and eventually separated its textile sector into a different business.
A corporate spin-off, often referred to as a spin-out, starburst, or hive-off, is a sort of corporate activity in which a corporation "splits off" a segment as a different business or establishes a second incarnation, even if the first is still operating.
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According to this excerpt, what is one major way in which the World Bank differs from a regular bank? The World Bank is a source of financial assistance. The World Bank aims to improve living standards. The World Bank provides low-interest loans and credit. The World Bank serves people of different income levels.
Answer:
The World Bank aims to improve living standards
Explanation:
World Bank helps with assistance to developing countries around the world
Businesses use organizational design to structure their
Group of answer choices
Businesses structure their people, information, and technology using organizational design.
The sole proprietorship, partnership, corporation, and S corporation are the four most popular business structures. State law permits the use of the Limited Liability Company (LLC) as a corporate form. The choice of a firm structure takes into account legal and tax factors.
What is Businesses structure?
The different divisions that make up a typical corporate structure contribute to the overall mission and aims of the organization. Marketing, finance, operations management, human resources, and information technology are typical departments.Although there are many fewer departments inside independent enterprises, these five divisions reflect the key departments within a publicly traded company. Many companies include a CEO as well as a board of directors, which is typically made up of the directors of each department and may also include one or more non-executive directors.Additionally, there are CFOs, vice presidents, and company presidents. However, there is a wide variety of corporate structures, with businesses ranging from a single company to a conglomerate of multiple corporations. Functional, divisional, geographic, and matrix structures are the four primary types of corporate structures.To learn more about Businesses structure visit:https://brainly.com/question/10730450
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Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
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If housing prices fall by 4% how much will the value of a $200,000 home decline in price
Answer:
8000
Explanation:
200000 divided 100 multiply by 4% equal 8000
If housing prices fall by 4%. the value of a $200,000 home decline in price will be $8000.
What do falling house prices mean?200000 will be divided by 100 And the result will be multiplied by 4% Therefore, the value will be 8000.Where there is a reduction in demand and/or an excess of supply, housing prices fall. The following are the primary causes of a decline in housing prices: interest rates rise (making mortgage payments more expensive) recessionary economy and rising unemployment (reducing demand and causing home repossessions). Reduced construction investment from a drop in property prices is expected to result in even more sluggish economic growth.
Through what is known as wealth effects, changes in the housing sector, particularly in property prices, can have a wider impact on the economy. This is due, in part, to the fact that unstable economic situations typically result in fewer potential homebuyers with discretionary cash. When there is less demand for homes, home values frequently fall and any revenue from real estate stagnates.
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what is it you would want to find in a friend
A Loyalty
B Kindness
C Intelligence
D Braveness
Answer: Loyalty
Explanation: I would want a loyal friend because in all sorts of situations they will be there for you, even if they are not intelligent or kind, they are still your friend and would stand up for you, be there at your lowest, but sometimes you have to return the favor.
THIS IS FOR CULINARY
A contingency plan for labor may include (choose one answer)
A. taxes
B. insurance
C. cross trained employees
D. layoffs
Answer:
D. layoffs
Explanation:
A contingency plan is an alternative plan of action in case of unexpected outcomes. It is devised and kept in place to be implemented in bad times. A contingency plan is a sort of a risk mitigation plan to help the business navigate through a bad situation efficiently.
A contingency plan for labor include measures that can help a business overcome tough seasons. The business may need to layoff some employees to save on labor in times of economic downtime
On June 1, 2018, Andre Company and Agassi Company merged to form Lancaster Inc. A total of 800,000 shares were issued to complete the merger. The new corporation reports on a calendar-year basis.
On April 1, 2020, the company issued an additional 400,000 shares of stock for cash. All 1,200,000 shares were outstanding on December 31, 2020.
Lancaster Inc. also issued $600,000 of 20-year, 8% convertible bonds at par on July 1, 2020. Each $1,000 bond converts to 40 shares of common at any interest date. None of the bonds have been converted to date.
Lancaster Inc. is preparing its annual report for the fiscal year ending December 31, 2020. The annual report will show earnings per share figures based upon a reported after-tax net income of $1,540,000. (The tax rate is 20%). Determine the following for 2020.
(a) The number of shares to be used for calculating:
(1) Basic earnings per share .
(2) Diluted earnings per share shares.
(b) The earnings figures to be used for calculating:
(1) Basic earnings per share.
(2) Diluted earnings per share.
Answer:
Lancaster Inc.
a) The number of shares to be used for calculating:
(1) Basic earnings per share = 1,200,000 (800,000 + 400,000)
(2) Diluted earnings per share shares = 1,224,000 (1,200,000 + 24,000)
(b) The earnings figures to be used for calculating:
(1) Basic earnings per share = $1,540,000
(2) Diluted earnings per share = $1,540,000
Explanation:
a) Data and Calculations:
June 1, 2018, Number of shares issued = 800,000
April 1, 2020, additional shares issued = 400,000
July 1, 2020, 8% convertible bonds = $600,000
Conversion ratio = $1,000 bonds to 40 shares
= $600,000/1,000 * 40 = 24,000
After-tax net income = $1,540,000
Tax rate = 20%
Before tax income = $1,925,000 ($1,540,000/(1 - 0.2))
Before Bonds interest income = $2,092,391 ($1,925,000/(1 - 0.08))
in a free-market economic system if the consumers perceive the price
Answer:
for a state-of-the-art smartphone as too high for the value received, they are likelyto avoid buying it. In the same light, if theMultiple Choiceseller's price is too low, consumers will definitely consider it to be poor quality.
Which of the following would be the first step in creating your personal financial plan?
In the first Financial plan, establishing short-, medium- and long-term financial goals.
Explain in detail.
A financial plan outlines a person's long-term financial objectives and develops a method for achieving them. The plan needs to be thorough but also highly individualized to take the person's personal and family circumstances, risk tolerance, and expectations for the future into account.Financial objectives can be to set up an emergency fund, accumulate retirement savings, pay off debt, or get a better paying career.estimating your future financial, resource, and investment demands. identifying the funding sources. efficiently using or managing these funds. identifying the plan's risks and problems.To know more about Financial plan here
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Part A. Sarah has a credit card with a 21% interest rate and has a current balance of $838. What would her estimated interest be monthly? (Use APR formula or calculator if needed.)
Part B. If Sarah has an estimated monthly interest rate of $15.45 how much money in interest would she pay to the credit card company after one year of only paying the minimum payments?
Objectives of pep stores
Answer:
The answer is below
Explanation:
PEP is a big store that is located in South Africa and other African countries.
Based on the PEP mission and vision and according to the company's website, the Objectives of PEP stores are:
1. To be the friendliest and most trusted retailer for this market.
2. To offer wanted products and services at the lowest possible prices
3. To meet changing consumer needs.
Suppose the CPI was 110 last year and is 121 this year.
Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 1 decimal place. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.
a. What is this year’s inflation rate?
____ %
b. In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this year’s inflation rate?
____ %
c. What term do economists use to describe this second outcome?
Inflation or Deflation
The inflation rate is 10%, which can be computed the second answer is -1.8%. third outcome called deflation.
How to calculate CPI?a) The formula to CPI is
\(CPI= \frac{current CPI-past CPI}{past CPI}\)
\(CPI= \frac{121-110}{110}\)
CPI= 0.1 or 10%
b) \(CPI= \frac{current CPI-past CPI}{past CPI}\)
\(CPI= \frac{108-110}{110}\)
CPI= -0.18%
A decrease in the economy's overall price level is referred to as deflation, whereas a temporary slowdown in price inflation is known as disinflation. A decrease in the money supply, reductions in government and consumer expenditure, and reductions in corporate investment can all contribute to deflation, which is bad for an economy.
A progressive drop in consumer prices for products and services is known as price deflation. This is frequently brought on by the deflationary gap, also referred to as the demand gap, which is characterized by high supply and low demand. Consumers and businesses hold on to their money rather than spending it because they anticipate a decrease in pricing.
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What are the three different types of stakeholders that the board must take into account of? Give examples of each type and explain to illustrate your points?
The various kinds of stakeholders that the board must take into account of are:
employeescustomers, and investors.Who is a key stakeholder?A significant stakeholder is critical to a company's long-term success. Key stakeholders may assist businesses in making strategic choices, reducing risks, and expanding their operations.
If you are active in assisting your business in reaching its objectives, it is critical that you understand who your key stakeholders are and how to identify them.
Employees are crucial because they drive the business, customers are crucial because, the are the reason for the existence of the business, investors are important because, they finance the business.
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Anyone else having this issue with Spotify with your ''following'' artists? I'm following more as I'm scrolling through but it's still at 33 Following. Anyone knows how to fix this issue or is it common? But no, seriously, please let me know if there's a way to fix it. If at all.
Answer:
go to page 5
Explanation:
Dime a Dozen Diamonds makes synthetic diamonds by treating carbon. Each diamond can be sold for $160. The materials cost for a standard diamond is $60. The fixed costs incurred each year for factory upkeep and administrative expenses are $218,000. The machinery costs $2.1 million and is depreciated straight-line over 10 years to a salvage value of zero.
If Dime a Dozen Diamonds makes synthetic diamonds by treating carbon. Each diamond can be sold for $160. the accounting break-even level of sales in terms of the number of diamonds sold is $4280.
How to find the the accounting break-even level of sales in terms of the number of diamonds sold?First, we need to calculate the annual depreciation of the machinery:
$2.1 million / 10 years = $210,000
Next, we add up all the costs:
Fixed costs: $218,000
Depreciation: $210,000
Total annual costs: $218,000 + $210,000 = $428,000
Finally, we divide the total annual costs by the profit per diamond:
$428,000 / ($160 - $60) = $428,000 / $100 = 4,280 diamonds
Therefore the Dime a Dozen Diamonds needs to sell at least 4,280 diamonds to break even.
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Which of the following is the most
"liquid" asset?
A. currency
B. checking accounts
C. certificate of deposits
Answer:
A. currency
Explanation:
Answer:
a
Explanation:
1. Assume two countries (Portugal & Britain) each produce wine and cloth. Given the following details with respect to resources required to produce each good in each country, answer the following questions. b. a. What is the opportunity cost of producing each good in each country? (4 Points) Draw the Production Possibilities Frontier for each country assuming no trade and 500,000 labor hours (use wine as the x-good). (10 Points) Provide an interpretation of the slope of the PPF in this example (8 Points) If these countries engaged in international trade, in what range would the relative prices have to be to ensure mutually beneficial trade, and which good would each country specialize in? (10 Points) e. Assuming the relative price with trade of wine is 0.67 cloth and the relative price of cloth is 1.48 wine, calculate the gains from trade and show on the PPFs the expanded consumption choices for each country. (16 Points) c. d. Country Production (1 Hour of Labor Time) Cloth Wine Portugal 2.85 Britain 3.4 5.3 4.2
a. The opportunity cost of producing wine in Portugal is 0.35 units of cloth, and the opportunity cost of producing cloth in Portugal is 2.85 units of wine.
b. The slope of the PPF represents the opportunity cost of producing one good in terms of the other. In this case, the slope of Portugal's PPF is -0.35, and the slope of Britain's PPF is -0.71.
c. If these countries engaged in international trade, the relative prices of wine and cloth would have to be within the range of Portugal's opportunity cost of producing wine (0.35 units of cloth) and Britain's opportunity cost of producing wine (0.71 units of cloth).
d. Assuming the relative price with trade of wine is 0.67 cloth and the relative price of cloth is 1.48 wine, then Portugal would specialize in producing wine and Britain would specialize in producing cloth. Portugal would export wine and import cloth, and Britain would export cloth and import wine.
How to explain the informationIf the relative price of wine were below 0.35 units of cloth, then Portugal would be able to produce wine more cheaply than Britain, and it would not be in Portugal's interest to trade. If the relative price of wine were above 0.71 units of cloth, then Britain would be able to produce wine more cheaply than Portugal, and it would not be in Britain's interest to trade.
The gains from trade are the increase in consumption that countries experience after they specialize and trade. In this case, the gains from trade are represented by the shaded area in the graph. The gains from trade are a result of the increased efficiency that is possible when countries specialize in the production of goods that they have a comparative advantage in.
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*giving brainliest to the person who answers correct*
A lottery winner could still need financial literacy skills even though she is
already rich.
A. True
B. False
Do you think that MTV’s future lies mostly in its international operations?
Answer:
\(6 \times y { \sqrt{ > 2fube} }^{2} \)
If the price of a good remains the same for all possible quantities demanded for the product, demand is
O elastic
O perfectly inelastic
O inelastic
O perfectly elastic
Answer:
Perfectly inelastic
Explanation:
If a good's price elasticity is 0 (no amount of price change produces a change in demand), it is perfectly inelastic. If price elasticity is exactly 1 (price change leads to an equal percentage change in demand), it is known as unitary elasticity. Ty for points