The final answers are:
a) The short-run equilibrium price and output of binders is 2620.
b) The long-run, profit-maximizing level of output of this firm is 4 binders per month.
c) The approximate number of binder sellers in the long-run equilibrium is 1115,
a) Short-run equilibrium price and output of binders. The market demand curve are:
QD = 3172-42P where QD is the quantity demanded and P is the price of a binder.
The market supply curve is:
QS = 100 + 150P where QS is the quantity supplied and P is the price of a binder. Equate QS and QD to get:
100 + 150P = 3172-42P
Putting it in terms of P we get:
P = (3172-100)/(42+150)P = 16.80
Then use the equation to find the equilibrium quantity of binders:
Q = 100 + 150(16.80)Q = 2620
(b) Long-run profit maximizing level of output of the firm: The formula of long-run total cost (LRTC) is given by:
LRTC = q (1+ATC), where ATC is average total cost of production
ATC = TC/q, where TC is total cost of production and q is the monthly output of an individual binder seller
We are given the LRTC function of a representative binder seller,
TC = 1 + 2q + 0.0625q²So, ATC = (1 + 2q + 0.0625q²)/q => ATC = 1/q + 2 + 0.0625q
Since the firm aims to maximize its profit, it must produce where its ATC is at a minimum. In the long-run equilibrium,
ATC = price = 16.80
Then, 1/q + 2 + 0.0625q = 16.80
Taking the derivative of the equation:
d(ATC)/dq = -1/q² + 0.0625
Let the derivative be equal to 0, then:
-1/q² + 0.0625 = 0 ⇒ q² = 16So, q = 4 (taking only positive root)
c) Long-run equilibrium price charged in the market for bindersIn the long-run equilibrium, price = minimum ATC of firms. Therefore, the equilibrium price is $16.80d)
(d) Long-run equilibrium output of the binder industry. In the long-run, firms will meet the demand at the long run price. Therefore, the long-run equilibrium output of the binder industry is the equilibrium quantity at the long run equilibrium price
Q = 100 + 150P = 100 + 150(16.80) = 4,460e)
(e) Approximate number of binder sellers in the long-run equilibrium. Number of firms in the industry will be equal to total quantity of output divided by output per firm
Q/F = 4460/4 = 1115
So, the approximate number of binder sellers in the long-run equilibrium is 1115, which should be rounded to the nearest whole number.
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Staples pays George Nagovsky an annual salary of $37,200. Today, George's boss informs him that he will receive a $5,500 raise. What percent of George's old salary is the $5,500 raise? (Round to the nearest tenth percent.)
Answer:
the percentage is 14.79%
Explanation:
The computation of the percentage is shown below:
= Raise salary ÷ annual salary
= $5,500 ÷ $37,200
= 14.79%
Hence, the percentage is 14.79%
We simply applied the above formula so that the correct percentage could arrive
Interest earned on a savings account is _____.
Explanation:
Interest earned on a savings account is everfi
The owner of Leonardo's Pizza recently decided that Gainesville was too small for his business; he needed to expand. He has decided to open a new pizza parlor in Trenton so new people will be exposed to his famous pizzas, which until recently had only been enjoyed by the lucky people who live in Gainesville. Leonardo is trying to extend the life cycle of his brand so he can be in business for a very long time. Which strategy is Leonardo using to do this
Answer:
Market Development
Explanation:
From the question we are informed about The owner of Leonardo's Pizza who recently decided that Gainesville was too small for his business; he needed to expand. He has decided to open a new pizza parlor in Trenton so new people will be exposed to his famous pizzas, which until recently had only been enjoyed by the lucky people who live in Gainesville. Leonardo is trying to extend the life cycle of his brand so he can be in business for a very long time. In this case, Leonardo using Market Development strategy
Market development can be regarded as growth strategy which involves identification as well as development of new market segments for current products. market development strategy base it's targets on non-buying customers as regards the currently targeted segments. There is also a plan for new customers in new segments. It is another way of expanding sales.
Cactus cactus? or Bagel bagel?
Answer:
Both
Explanation:
According to some economists (like Krueger), it often takes ______ generation/s to erase the advantages or disadvantages of a person's economic origins
According to some economists, such as Krueger, it often takes multiple generations to erase the advantages or disadvantages of a person's economic origins.
Economists have studied intergenerational mobility and have found that economic outcomes can be influenced by factors such as parental income, education, and social status. These factors can shape opportunities and resources available to individuals, affecting their economic outcomes in the long term. The concept of multiple generations implies that the effects of economic origins can persist over time, and it may take several generations for individuals to overcome or break free from the advantages or disadvantages associated with their economic background.
By examining social and economic data, economists aim to understand the complex interplay of factors that contribute to intergenerational mobility and the extent to which individuals can overcome the circumstances of their economic origins.
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Company Summary about " Offensive Security" (2 – 3 pages):
a. Brief company description (MarketLine report etc.)
b. Company’s mission statement (Company website)
c. Company’s vision statement (if available)
d. Brief company history (MarketLine report, company website and academic research)
e. Describe the most influential leader for the organization such as a founder, etc. (not necessarily the current CEO) (MarketLine report and academic research
Offensive Security is a cybersecurity company specializing in penetration testing and training services. It aims to empower organizations and individuals with effective cybersecurity skills and knowledge.
Offensive Security is a cybersecurity company that specializes in providing advanced penetration testing and training services to organizations worldwide. The company is known for its flagship product, Kali Linux, a popular open-source penetration testing platform. Offensive Security's mission is to empower organizations and individuals with the knowledge and skills needed to defend against cyber threats effectively. The company's vision, if available, focuses on becoming a global leader in the field of offensive security and driving innovation in cybersecurity practices.
With regards to the company's history, Offensive Security was founded in 2006 by Mati Aharoni and Devon Kearns. The founders recognized the need for practical and hands-on cybersecurity training, which led to the development of the highly regarded Offensive Security Certified Professional (OSCP) certification. Over the years, Offensive Security has gained a reputation for its cutting-edge methodologies and practical approach to penetration testing, making it a trusted partner for organizations looking to improve their security posture.
Mati Aharoni, one of the co-founders of Offensive Security, has been a significant influence on the organization. His expertise and contributions to the field of offensive security have helped shape the company's approach and offerings. Aharoni's deep understanding of cybersecurity, coupled with his commitment to providing practical training, has been instrumental in establishing Offensive Security as a leader in the industry.
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Advise the team leader on the activities that should take place during the
performing stage.
Answer is this.I think this is helpful
what is the assembly line called that focuses on producing more than one model?
A mixed-model assembly line (MMAL) is a type of assembly line used to assemble various different models of a given product. According to Quarterman Lee, president of Strategos Inc., "Mixed-model production is the practise of assembling several different models of a product on the same assembly.
A mixed-model assembly line (MMAL) is a type of assembly line used to assemble various different models of a given product. Because of the greater variety of industrial settings where MMAL is used today, The method used to test the statistical significance of the random factor in the 2-way mixed model—which has one fixed factor product and one random factor—has received attention.
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Which of the following events would create economic growth, that is, shift the production possibilities frontier outward? A.An increase in the available natural resources. B. An increase in the available labor. C.An increase in technology that affects the production of both goods. D.All of the above.
Correct answer is D. All of the above.
All of the events listed—An increase in available natural resources, an increase in available labor, and an increase in technology that affects the production of both goods—can create economic growth and shift the production possibilities frontier outward.
An increase in available natural resources allows for the expansion of production possibilities as more inputs are available for producing goods and services.
An increase in available labor, such as through population growth or immigration, can lead to increased productivity and the ability to produce more goods and services.
An increase in technology, which can include improvements in processes, machinery, or knowledge, enhances productivity and efficiency, enabling the production of more output with the same amount of resources.
By combining these factors—more natural resources, increased labor, and improved technology—an economy can experience economic growth, resulting in an outward shift of its production possibilities frontier.
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van has always wanted to work in product development. When he graduated three years ago, he landed a job as an assistant to the customer service division in a large company known for making cutting-edge sound systems. In this entry-level job, he mostly collates information from customer surveys and tracks requests for new products. Evan has many good ideas for new products, but he has not been able to move into product development as he had hoped because of mediocre performance reviews. His reviewers consistently note his inability to complete tasks on time and the fact that his written communications are often unclear. Evan is very frustrated because he knows he has the creativity to be an asset in the product development field. What is the most accurate assessment of Evan's situation
Evan's situation is that he has always wanted to work in product development but has been unable to move into that field due to mediocre performance reviews.
Although he landed a job as an assistant to the customer service division in a large company known for making cutting-edge sound systems, his entry-level job mostly involves collating information from customer surveys and tracking requests for new products. Despite having many good ideas for new products, Evan's reviewers consistently note his inability to complete tasks on time and the fact that his written communications are often unclear.
As a result, Evan is frustrated because he knows he has the creativity to be an asset in the product development field. To improve his chances of moving into product development, Evan needs to address the issues that his reviewers have noted and work on his communication skills. With hard work and dedication, Evan can prove that he has what it takes to succeed in product development.
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The amount of time needed for the cash flows from an investment to pay for its initial cost is the _____ period.
The payback period is the length of time required for the cash returns from an investment to offset its initial cost.
By payback period, what do you mean?The length of time needed to repay the initial monetary investment is known as the payback period. In other terms, it is the length of time that passes after a machine, facility, or other investment generates enough net income to pay its costs.
What is the time frame for an investment to produce enough cash flows to recoup its initial investment?The time it takes to recover the money invested is used to calculate the payback period, which ignores the time value of money. For instance, the payback period is five years if it takes five years to recoup the cost of an investment.
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our self-talk consists of words pictures and emotions. as we imprint our affirmations we
Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.
What are the four categories of self-talk?Your inner discourse is known as self-talk.
Personalizing. You own all of the guilt for yourself.
Magnifying.
Catastrophizing.
Polarizing.
What are the five tiers of one's own self-talk?Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.
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In which step of planning and executing an advertising campaign will a firm establish the metrics it will use to determine if the campaign is successful
The step at which a firm will set the metrics that will be used to determine if the campaign is successful is at the advertising objectives.
What is an advertising campaign?An advertising campaign is an outreach to prospective clients on different search engines or social media platforms showing a simple piece of information about a company's product or service rendered.
The main purpose of setting an advertising objective is to see and determine if the purpose for the creation of such an advertisement is being met.
The purpose could be to
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Real-time data warehousing can be used to support the highest level of decision making sophistication and power. The major feature that enables this in relation to handling the data is
The major feature that enables this in relation to handling the data is speed of data transfer.
What is Real Time Data Warehousing?Real Time Data Warehousing is a data warehouse that enables decision making to made speedily in real time.
Real time data warehousing is important for companies as it help to store large amount of data, it as well support higher level of decision and the speed of data transfer are very fast.
Inconclusion the major feature that enables this in relation to handling the data is speed of data transfer.
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Why do lenders often require a down payment when credit is used to purchase a good?
It reduces risk to the lender.
It eliminates interest charges.
It reduces the cost of the financed good.
It increases the cost of financing the good.
The payments are done through a down payment reduces the risk to the lender and therefore the lender requires down payments when credit is used to purchase a good. Thus (A) is the correct option.
What is a down payment?The amount of money that a purchaser pays on the purchasing of any expensive object. The down payment showcases a portion of the total purchasing amount.
It is made in the initial stage of purchasing. It reduces the risk of the lender and therefore, (A) is the correct option.
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The "Heading1" paragraph style is a good choice to make a chapter name in a document stand out. False True
Answer:
The given statement is "True".
Explanation:
Content formatted with either a heading style initially appeared whenever users are using the perpendicular scroll pointer to peruse a memorandum. Headings can indeed be broadened and sometimes disappeared, as a component of Word’s overview component. Throughout the Navigation window, headings display as users check for text. Because once making a chart of material, individuals would be included.So the one listed above will be the right one.
Which of the following is not an accounting function?
A. Maintaining accounts in compliance with Accounting Standards
B. Arranging for finance
C. Journalisation and preparation of final accounts
D. Attrition monitoring
Answer:
B. Arranging for finance is the answer.
Explanation:
What is a capability which is needed to meet an organization's roles functions and missions?
A capability that is needed to meet an organization's roles, functions, and missions is strategic planning.
Strategic planning is a crucial capability for an organization as it involves setting goals, defining strategies, and making decisions to align the organization's resources and activities with its overall mission and objectives. It enables the organization to anticipate and adapt to environmental changes, identify opportunities, and effectively allocate resources to achieve its desired outcomes.
An organization's roles, functions, and missions are the fundamental responsibilities and purposes it aims to fulfill. To effectively meet these objectives, the organization requires various capabilities. One essential capability needed is strategic planning.
Strategic planning involves setting long-term goals and objectives, identifying the actions and resources required to achieve them, and making informed decisions to allocate resources effectively.
It requires analyzing the organization's internal and external environment, considering market trends, competition, and customer needs. Strategic planning helps the organization align its activities, resources, and initiatives with its overall mission and vision.
By engaging in strategic planning, organizations can define their priorities, develop strategies to overcome challenges and capitalize on opportunities. It enables them to make informed decisions about resource allocation, risk management, and performance evaluation. Strategic planning also facilitates communication and coordination within the organization, ensuring that all stakeholders understand and work towards common objectives.
In conclusion, the capability of strategic planning is essential for an organization to meet its roles, functions, and missions. It provides a framework for aligning resources, making informed decisions, and charting a course for success. Strategic planning enables organizations to navigate complexities, adapt to changes, and achieve their desired outcomes effectively.
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Look at the following chart. Producer A · Can produce 200 apples and 100 oranges in one day - Can produce 400 apples and o oranges in one day
Answer:
D
Explanation:
Based on the following information, the opportunity cost of producer A is to choose to grow both varieties of fruits or apples only. Thus the correct option is D.
What does the opportunity cost?A situation of abundance, where an individual has a variety of options available and chooses one option over another by evaluating their importance is referred to as opportunity cost.
In the given case, it is explained that Producer A's opportunity cost needs to determine between two choices. It states in the chart that producer A produces 200 apples and 100 oranges in a day. It also states that he can produce 400 apples and 0 oranges in one day.
Opportunity costs can be seen in every situation where a person is required to decide between something and giving up something else. In accordance with this theory, economic agents choose options that maximize benefits.
Therefore, option D is appropriate.
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assume you can only spend your money on newspapers, shoes, or harmonicas. given your current level of consumption of each of these goods, your next newspaper will bring you 4 utils per dollar spent; your next pair of shoes will bring you 8 utils per dollar spent, and your next harmonica will yield 5 utils per dollar spent. assuming you have enough money that you can buy one of these three goods, which will you choose? choose one: a. newspaper b. shoes c. harmonica
Assume you can only spend your money on newspapers, shoes, or harmonicas. Enough money that you can buy one of these three goods, which will you choose newspaper.
Option A is correct.
Levels of Consumption:The level of consumption that occurs in the economy at any given time depends on the economy's purchasing power. Purchasing power depends on the economy's net disposable income spent on consumption in receipts after savings are adjusted.
What are the factors of consumption?Consumption function, in economics, the relationship between consumer spending and the various factors that determine it. At the household or family level, these factors may include income, wealth, expectations about future income or wealth levels and risks, interest rates, age, education, and family size.
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List the six areas of interest.
Answer:
Six areas of interest are: building,thinking,creating,holding, persuading and organizing.
Explanation:
knowledge check 01 on january 1, year 1, canseco plumbing fixtures purchased equipment for $52,000. residual value at the end of an estimated four-year service life is expected to be $4,000. the company uses the straight-line method. for how much would each item below be reported at the end of year 3?
Each of the items below would be required to report $ 16,000 at the end of year three because the predicted residual value after a four-year service life is $4,000 per item.
Salvage minus cost is equal to 48,000 minus 52,000.
4 years is the estimated usable life. Dep. per year in a straight line Dep. per year = cost - estimated useful life / salvage, which equals 48,000 / 12,000 annually.
Three years later,
1: 12,000 in depreciation costs
2: Accumulated depreciation is 12,000 times three, or 36,000.
3: BOOK VALUE is calculated as the purchase price minus the outstanding debt, which is 52,000 – 36,000 or $16,000.
The estimated value of a fixed asset at the end of its lease term or usable life is the residual value, commonly referred to as salvage value. In lease agreements, the residual value is one of the lessor's main methodologies for calculating the lessee's periodic lease payments. A common guideline is that an asset's residual value decreases as its usable life or lease period lengthens.
Industry-specific residual value calculations vary, but their fundamental meaning is always the same. In capital budgeting projects, residual values represent the price at which an asset can be sold after the company has stopped using it or when it is no longer possible to estimate the asset's future cash flows.
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The data on price and quantity purchased relating to a commodity for 10 months are given
below:Calculate coefficient of correlation between price and quantity.
Price and number of goods purchased are inversely correlated. Consequently, price rises as quantity rises.
What is data on price ?Pricing Data is accurate information on the costs of goods that are strikingly comparable to those being purchased. Prices are used interchangeably in this definition to refer to actual selling prices as well as suggested or prospective selling prices. Data pertinent to both primary and subcontract prices are referred to in the definition. Data may consist of specific costs, weights, addresses, names, ages, temperatures, dates, or distances, for instance. Data is a basic type of knowledge and has no meaning or use by itself. In other words, facts must be interpreted in order to have any significance. A pricing list again for new term has been sent by the Contractor to authorized buyers.
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The treasurer of Systems Company has accumulated the following budget information for the first two months of the coming year:March AprilSales. $450,000 $520,000Manufacturing costs 290,000 350,000Selling and administrative expenses 41,400 46,400Capital additions 250,000 ---The company expects to sell about 35% of its merchandise for cash. Of sales on account, 80% are expected to be collected in full in the month of the sale and the remainder in the month following the sale. One-fourth of the manufacturing costs are expected to be paid in the month in which they are incurred and the other three-fourths in the following month. Depreciation, insurance, and property taxes represent $6,400 of the probable monthly selling and administrative expenses. Insurance is paid in February and a $40,000 installment on income taxes is expected to be paid in April. Of the remainder of the selling and administrative expenses, one-half are expected to be paid in the month in which they are incurred and the balance in the following month. Capital additions of $250,000 are expected to be paid in March.Current assets as of March 1 are composed of cash of $45,000 and accounts receivable of $51,000. Current liabilities as of March 1 are composed of accounts payable of $121,500 ($102,000 for materials purchases and $19,500 for operating expenses). Management desires to maintain a minimum cash balance of $20,000.Prepare a monthly cash budget for March and April.
Answer:
March $6,000
April $134,400
Explanation:
Preparation of a monthly cash budget for March and April
SYSTEMS COMPANY CASH BUDGET FOR MARCH AND APRIL
March April
Estimated cash receipts from:
Cash sales $157,500 $182,000
($450,000*35%=$157,500)
($520,000*35%=$182,000)
Collections of accounts receivable
$285,000 $328,900
[$51,000+($450,000*65%*80%)=$285,000]
[($450,000*65%*20)+($520,000*65%*80%)=$328,900]
Total cash receipts $442,500 $510,900
($157,500+$285,000=$442,500)
($182,000+$328,900=$510,900)
Estimated cash payments for:
Manufacturing costs $174,500 $305,000
[$102,000+($290,000*1/4)=$174,500]
[($290,000*3/4)+($350,000*1/4=$305,000)]
Selling and administrative expenses $37,000 $37,500
[($41,400-$6,400)/2 + $19,500 $37,000]
[($46,400-$6,400)/2 +$19,500$37,500]
Capital additions $250,000 $0
Income taxes $0 $40,000
Total cash payments $461,500 $382,500
Cash increase (decrease) -$19,000 $128,400
($442,500-$461,500=-$19,000)
($510,900-$382,500=$128,400)
Cash balance at beginning of month $45,000 $26,000
Cash balance at end of month $26,000 $154,400
(-$19,000+$45,000=$26,000)
($128,400+$26,000=$154,400)
Minimum cash balance $20,000 $20,000
Excess (deficiency) $6,000 $134,400
($26,000-$20,000=$6,000)
($154,400-$20,000=$134,400)
Therefore The monthly cash budget for March and April will be :
March $6,000
April $134,400
Toni Nicolet's
checking account balance on Monday, April 13, is $540; her savings balance is $980. On
Tuesday, April 14, she made an ATM withdrawal from checking of $86. On April 15, Toni plans to make
these online payments: income tax bill, $823, utility bill, $98, and charge account bill, $127. How much
money, if any, will Toni have to transfer into her checking account from savings to cover the online
payments and leave a balance of $50 in the checking account?
Answer:
$644
Explanation:
Toni has a balance of $540 on her checking account
She made an ATM withdrawal of $86
The balance on her checking account after withdrawal is
= $540 - $86
=$454
Toni intended to pay online payments on Arpril 15. The total of the payments
=$823 + $98 + $127
=$1048
It means Toni has a deficit of
=$454- $1048
=($594)
If Toni desires a balance of $50 after payments, she must withdraw 594+50 from the savings account.
=596 + 50
=$644
Write two sentences that explain what this evidence tells you about Manjiro’s culture.
Manjiro presents a sword and short knife to his friend. The way that he and his friend talk about them show that they are important in Japanese culture.
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Answer: (sample)
Manjiro presents a sword and short knife to his friend. The way that he and his friend talk about them show that they are important in Japanese culture.
Explanation:
Which item would be classified as Other Income?
(1 Point)
A. an emergency government subsidy payment
B. sales from a new product line
C. sales returns
D. a refund from a supplier
The item that would be classified as Other Income would be A, an emergency government subsidy payment.
Other Income is a category of revenue that includes income that is not generated from a company's core business operations. It typically includes items such as interest income, rental income, and gains on investments.In this case, the emergency government subsidy payment is not generated from the company's core business operations, but rather is a one-time payment from a government agency. Therefore, it would be classified as Other Income on the company's financial statements.
Sales from a new product line would be classified as Sales Revenue, as it is generated from the company's core business operations. Sales returns would be classified as a reduction in Sales Revenue, as they are returns of products that were previously sold. A refund from a supplier would be classified as a reduction in Cost of Goods Sold, as it is a refund of the cost of goods that were previously purchased from the supplier. Therefore option A is correct.
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T_
------ Y
Robotics and automation are increasingly used in
the travel and tourism industry to handle labour
intensive and mundane tasks.
Answer:
Yes.robotics and automation are increasingly used in the travel and tourism industry of handle labour intensive and mundane tasks
Joanne runs a company that produces mattresses. Her fixed costs include electricity and labor. She recently increased the capacity of production, which increased these fixed costs. What has Joanne done to the production of her company?
Joanne has ____ the production.
Answer:
not sure but increased seems right
Explanation:
Because she increased the capacity of production which increased these fixed cost, then, she has decreased expected profit of the production.
What does increased Fixed cost do?In production, any increase in fixed cost will increase total cost and will impct on level of profit which will decrease.
In conclusion, as she increased the capacity of production which increased these fixed cost, then, she has decreased expected profit of the production.
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Calculate the range of potential annual returns if you invested 10% in bonds and 90% in stocks. How does this compare with the range of potential annual returns if you invested 10% in stocks and 90% bonds?
Answer:
From the graph, if you invest 10% in bonds and 90% in stocks, the range of potential return is given as +49.8% to -39.0% with a average of 9.9% whereas if investment is made by 10% in stocks and 90% in bonds, then the range of annual returns would become +31.2% to -8.2% with a average of 6%. Therefore, as the investment in stocks increases the average annual returns also increase.
Explanation:
Hope this helps!