Find the present worth at i= 15% per year for the cash flow series shown below i-10% per ycar 4. 8 Year S90 590 S200 $200 $200

Many clothing stores purchased new fashions from clothing manufacturers back in the Fall, expecting to sell new fashions to consumers this Spring. Because of the pandemic, however, people are not shopping for new clothing fashions as much as the clothing retailers had expected. So these stores have on hand lots of new clothing, just sitting on their shelves, going unsold. The question for these retailers is what to do with this clothing. One option is to hang on to it and hope to sell it to consumers next year. Another option is to sell the clothing now to so-called “deep discount retailers” such as Beall’s, Marshall’s, T.J. Maxx, and Ross Dress for Less. The problem with selling to deep discount stores is that the clothing retailers will probably receive less money than they paid to get the clothing from the manufacturers. Explain whether it makes good economic sense for clothing retailers to sell their unsold clothing to deep discounters for less than they paid for it. Identify the…

The illusion of pattern shapes our everyday lives. How does this illusion emerge (refer to law of small numbers & impossibility of causal explanations) and how does it affect decision-making?

Use the diagram to answer the following questions. Market Structure and Demand MC ATC D. D2 Quantity a. Compare the elasticity of a monopolistic competitor's demand with that of a pure competitor and a pure monopolist. A monopolistic competitor's demand curve is less v elastic than that of a pure competitor. A monopolistic competitor's demand curve is more | elastic than that of a pure monopolist. b. Using the diagram above, Identify the demand curve for each of the following: Monopolist: D3 Monopolistically competitive firm: D2 Perfectiy competitive firm: D1 C. Assuming identical long-run costs, as shown In the diagram, Identify graphically the price and output that would result In the long run under monopolistic competition. The long-run price and output for a monopolistically competitive firm is represented by Point B d. Contrast the two market structures In terms of productive and allocative efficiency. Instructions: Complete the table below by selecting options from each of the…

You need some garbage bags for your house and decide to stop by one of the local Dollar Generals (DG). You are faced with two alternatives that make sense to you.  The first option is a box of 38 bags and the price is $7.00.  The second option is a box of 17 bags at a cost of $5.00.  What is the better choice?

How is the Rational decision making a complex process?

Describe the procedure of considering economic decisions?

Question 35 What have you learned about Microeconomics that you did not know before taking this class?

What is an Economist

I'm unsure about the two Ps in the final part of the answer. Are those both the same variable? It seemed unclear to me how and why that happened. Can you help with that really quickly?