When applying to college, it pays to ask for help and advice from people who have already

Rice and potatoes are substitutes in consumption. If the price of rice rises and there is a bumper crop of potatoes, in the mark

soldi70 [24.7K]

Answer:

a) equilibrium price to rise, fall, or stay the same and equilibrium quantity to rise.

Explanation:

Substitute goods are goods that can be used in place of each other.

If the price of rice rises, consumers shift to the consumption of potatoes. Price and quantity demanded of potatoes increases

The bumper harvest increases supply of potatoes. Price falls and quantity increases.

The effect on equilibrium quantity of potatoes would be indeterminate but equilibrium quantity would rise.

I hope my answer helps you

4 0

2 years ago

Lola, along with many of her friends, grew up in a very poor country and didn’t attend school. A consumer products company wants

Ludmilka [50]

Answer:

d. lack of interest

Explanation:

7 0

2 years ago

Planning for acquisition support activities and requirements that deal with fielding/deployment should begin as early as the: [I

Nataly [62]

Option A, Materiel Solution Analysis Phase

Explanation:

The equipment answer Analysis part assesses potential solutions for a required capability in associate Initial Capabilities Document (ICD) and to satisfy the phase-specific Entrance Criteria for ensuing program milestone selected by the Milestone call Authority.

The MSA phase is critical to program fulfilment and attaining materiel readiness because it’s the first possibility to persuade systems sup-portability and affordability by using balancing technology opportunities with operational and sustainment requirements. During this phase, various options are analysed to select the materiel solution and broaden the Technology Development Strategy (TDS) to fill any era gaps.

8 0

2 years ago

Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is ____________ than the quantity supplied of good X,

il63 [147K]

The answer is (b) Greater,Rise ,toward

Explanation:

Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is Greater than the quantity supplied of good X, and economists would use this information to predict that the price of good X would soon Rise .This would push the price Toward the equilibrium price

The law of Demand states that the price and the supply of the product are inversely related (i.e . ceteris Paribus).

Also an increase in the number of buyers of a particular product leads to a shift in the demand curve towards the right side

4 0

2 years ago

The calculations have to be using Excel. How do I input it?To complete your degree and then go through graduate school, you will

gulaghasi [49]

Answer:

a) $639,610.76

b) $422,923.12

c) $0.00

d) $875,351.49

Explanation:

a) How large of a deposit must she make today?

To calculate this, we make us of the formula for calculating the present value of an ordinary annuity as follows:

PV = P × [{1 - [1 ÷ (1+r)]^n} ÷ r] …………………………………. (1)

Where;

PV = Amount to deposit today =?

P = yearly withdrawal = $95,000

r = interest rate = 4% = 0.04

n = number of years = 8

Substitute the values into equation (1) to have:

PV = $95,000 × [{1 - [1 ÷ (1 + 0.04)]^8} ÷ 0.04]

PV = $95,000 × 6.73274487495041

PV = $639,610.76

Therefore, she must make a deposit of approximately $639,610.76 today.

b) How much will be in the account immediately after you make the 3rd $95,000 withdrawal

Note: See Part A in the attached excel file for the calculation of this.

The answer is the ending balance in Year 3 and it can be seen that this is $422,923.12.

c) How much will be in the account immediately after you make all the withdrawals including the last one in 8 years?

Note: Also see Part A in the attached excel file for the calculation of this.

The answer is the ending balance in Year 8 and it can be seen that this is $0.00.

d) Now, if you decide to drop out of school today and not make any of the withdrawal, but instead keep your aunt’s money, that she deposited today, in the account that is earning 4.00%, how much would you have at the end of 8 years?

Note: See Part B in the attached excel file for the calculation of this.

The answer is the ending balance in Year 8 and it can be seen that this is $875,351.49.

The amount is that large because zero amount is withdrawn each year while the account kept on earning interest yearly on the ending balance.

Download xlsx

4 0

2 years ago