Consider the following scenario when answering the next five questions. Your friend Kevin is starting a cider brewery in Colorado Springs. Because his business is new and risky, he is unable to obtain a loan from the local bank. You agree to pay a price of $20,000 for a bond from Kevin. You will receive $22,000 in repayment exactly one year from now. The face value of the bond mentioned in the scenario is equal to O $42,000 O None of these are correct $22,000 O $2,000 $20,000

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Q: definition of products, goods and services

A: TO understand the definition of these terms, we need to understand that goods and products are used…

Q: the quantity of a good or service which consumers want and have the ability to purchase

A: Quantity- It is the number or amount of goods or services.

Q: 24 20 Price and co st (dollars per arate)

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A: Explicit cost = utility + salary of clerk + material = 8000 + 20000 + 50000 = 78000 implicit cost =…

Q: I have placed every visual near the place I write about it. The reader can see the visual without…

A:

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A: The systematic examination and assessment of economic phenomena, such as the creation, exchange, and…

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A: "Judging type" is a term often used in personality typing systems like the Myers-Briggs Type…

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Q: which technology change affect consumer taste

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Q: A pharmaceutical corporation has developed a unique new drug, making the company a monopoly. Demand…

A: For a monopoly, profit maximization occurs at the point where MR equals MC