Question 4 (1 point) You graduate and decide to start a new business with some of...
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Question 4 (1 point) You graduate and decide to start a new business with some of your classmates. The product your business makes is an App for students to take notes on ipad, which is called Mynote. Consumers can pay a monthly subscription to get access to your app. Your position in the business is as Chief Financial Officer and part of your responsibilities are to predict changes in the supply and demand for Mynote. Please indicate the change in equilibrium price and equilibrium quantity. Congress passes a bill to subsidize Mynote by giving the business \$3 per subscription to partially cover production costs. Equilibrium Price for Mynote Equilibrium Quantity for Mynote increase 1. 2. decrease Question 4 (1 point) You graduate and decide to start a new business with some of your classmates. The product your business makes is an App for students to take notes on ipad, which is called Mynote. Consumers can pay a monthly subscription to get access to your app. Your position in the business is as Chief Financial Officer and part of your responsibilities are to predict changes in the supply and demand for Mynote. Please indicate the change in equilibrium price and equilibrium quantity. Congress passes a bill to subsidize Mynote by giving the business \$3 per subscription to partially cover production costs. Equilibrium Price for Mynote Equilibrium Quantity for Mynote increase 1. 2. decrease
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The answer is Equilibrium Price for Mynote Decrease 1 Equilibrium Quantity for Mynote Increa... View the full answer
Related Book For
Principles Of Financial Accounting
ISBN: 9781118757147
1st Canadian Edition
Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow
Posted Date:
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