Answer:
Such countries will <u>endure a sharp contraction of demand in the short term</u>
Explanation:
International Monetary Fund (IMF) grants loans on differing scales to countries in need but <u>has certain regulatory economic policies in place</u>, such as one that limits government spending.
These policies cause demand in such countries to contract sharply in the short run.
Answer:
C. Spectators.
Explanation:
Spectator is a person who watches at a show, game, or other event.
Answer:
either the selling price decreases or the total output decreases
Explanation:
The firm's income statement:
total sales revenue = $120,000
minus total variable costs = ($72,000)
<u>minus total fixed costs = ($15,000) </u>
net profit = $33,000
The long run equilibrium for a monopolistically competitive firm occurs when the firm is making no economic profit since it is charging a price = average total cost.
In this case the average total cost per unit = $6 per unit + ($15,000 / 12,000 units) = $7.25 per unit
Since the firm is currently charging a higher selling price than average total cost ($10 > $7.25), one or two things might happen in the long run:
- selling price will decrease
- output will decrease
Answer:
No
Explanation:
Because its better u save 0.3*10=3 dollars but I value my time for $5 for that half an hour and hence its better not to go considering opportunity cost.
well with buying a home you are stuck with it you cant just move out but with renting you can say ohh im moving and you can give them your key and get out its really not that bard
