Use the Figure Below to Answer the Following Questions

question 7

Multiple Choice

Use the figure below to answer the following questions.

Figure 14.2.4
-Refer to Figure 14.2.4. The figure represents a monopolistically competitive firm in short-run equilibrium. In the long run,

• A)new firms enter, and each existing firm's demand curve shifts leftward.
• B)new firms enter, and each existing firm's demand curve shifts rightward.
• C)existing firms exit, and each remaining firm's demand curve shifts leftward.
• D)existing firms exit, and each remaining firm's demand curve shifts rightward.
• E)the equilibrium is the same as in the short run.

Grasp the concept of the time value of money and the importance of the opportunity rate.

Calculate the initial investment required to achieve a specific future value under varying conditions of contribution and withdrawal.

Analyze the effect of different compounding rates on the future value of an investment.

Evaluate the financial implications of adjusting tax withholdings on disposable income and tax refunds.