Answer:
Increase; fall
Explanation:
Due to the slightly above normal rainfall levels which led to a large black morel harvest, <em>the supply of the commodity will increase</em>.
However, since demand for the commodity is expected to remain the same as it was in 2007 despite the increase in supply, <em>the equilibrium price is expected to fall</em> as supply exceeds demand.
Answer:
The correct answer is option i.
Explanation:
A firm is operating in a perfectly competitive market.
The firm is selling 200 units of output.
The price of each unit of output is $3.
In a perfectly competitive market, a single firm faces a horizontal line demand curve. This horizontal line represents demand, price line, average revenue, and marginal revenue.
So if the price is $3, it implies that the marginal revenue and average revenue is also equal to $3.
The total revenue is $600.
Answer:
$1,600
Explanation:
Calculation to determine By how much will the income from the second job increase her tax liability
Based on the information given she had the amount of $10,000 as the additional taxable income which means that $9,000 out of the $10,000 will be taxed at 15% while the remaining $1,000 ($10,000-$9,000) will be taxed at 25% according to the single tax rate schedule
Increase in tax liability =($9,000 × 15%) + ($1,000 × 25%)
Increase in tax liability= $1,600
Therefore By how much will the income from the second job increase her tax liability is $1,600
Answer:
forming, storming, norming, performing, and adjourning.
Explanation:
- The first stage is the Forming Stage; which consist of the forming new relationships together.
- The Next stage is Storming Stage; it is marked by the attempt to storm through obstacles such as conflicts between team members and other difficulties.
- The third stage is the Norming Stage; Nominations are made at this stage for a leader that is acceptable by all that can drive the team towards reaching their goals.
- Fourth is Performing Stage; It is marked by role performance of each team member to accomplish the goal of the team.
- Fifth stage is the Adjourning Stage; It involves a wrap up of tasks and a look at the success and obstacles encountered during the mission. It may then lead to adjourning responsibilities to be persons who begin the process again.