Answer:
Explanation:
The production possibility curve is a graphical illustration and tool used for economic analysis. It shows the various combination of goods that can be produced given available resources.
The PPC looks like a bow shape and has an inverse relationship, this is because this is because to produce 1 more of product A you need tp be willing to let go of 1 unit of product B(assuming we can only manufacture 2 products) this concept is known aa Marginal Rate of Transformation.
Answer:
Would you cut back on making repairs and keeping the building in a safe and
livable condition?
No, I would maintain the building as good as posible.
How might you keep the building in good shape and still turn a profit?
the value of the building will increase over time. Then, is a matter of patience to make a profit out of the sell of it.
Is it possible to manage the building or change it to make it both livable and profitable?
yes, What usually happens with rent control properties is that the landlords use the building for commercial or create condos use to avoid the law.
Answer:
b. $7,972
Explanation:
The computation of the amount of the gross profit earned is shown below:
But before that we have to do the following calculations
Net sales = $35,000 - $3,600 = $31,400
Merchandise cost = $24,500 - $1,700 = $22,800
Discount allowed= $31400 × 2% = $628
Now
Gross profit earned is
= $31,400 - $22,800 - $628
= $7,972
It will take an approximate of 52 years to triple the initial investment.
The formula for Future value is <em>A = Pe^(rt)</em>
<u></u>
<u>Given Information</u>
Triple amount
Rate = 2.1%
Therefore, it will take an approximate of 52 years to triple the initial investment.
See similar solution here
<em>brainly.com/question/19649471</em>
- Demand from consumers is both personalized and ever-changing.
- The price fluctuates in line with the performance of the stock market.
<h3>What is Demand?</h3>
Generally, asking for something urgently and vehemently, as though by right.
In conclusion, In economics, strong demand and low supply lead to higher prices, whereas the reverse is true when the supply is high and the demand is low. Equilibrium prices exist for every item.
This approach is used by online merchants since each customer demands a product with varying levels of intensity. Because their need for the goods is more pressing than others, some customers are willing to pay more. Discounts, buy one, get one free, and limited-time offers allow them to influence customer demand.
Read more about Demand
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