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2 years ago

If the price of a product increases, the demand for the resource used in producing that product decreases.

1 answer:

6 0

Economists call this the law of demand. As the price of a product increases, the quantity demanded decreases (but the demand itself remains the same). If the price falls, the quantity demanded will increase.

Resource Prices – Rising resource prices lead to a decrease in supply or a leftward shift in the supply curve. Falling resource prices lead to an increase in supply or a rightward shift in the supply curve.

An increase in demand shifts the demand curve to the right and a decrease in supply shifts the supply curve to the left.

A decrease in demand leads to a decrease in the equilibrium price. Less quantity to deliver. An increase in supply leads to a product decrease in the equilibrium price, all other things being equal. Demand increases.

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A professional gambler moves from a state where gambling is illegal to a state where gam-bling is legal. Most of his income was,

Murrr4er [49]

Answer:

The answer is: A) raises GDP.

Explanation:

If a gambler is a professional gambler (pays income tax on his gambling earnings) then when he moves from a state that prohibits gambling to a state that allows gambling, his earnings will increase the GDP.

The GDP only considers legal income, so illegal activities such as prostitution, drug trafficking, or illegal gambling are not included in the GDP. But if they become legal (e.g. some states legalized marijuana) then they should be included in the GDP.

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3 years ago

2,000,000 shares of no-par common stock were authorized; 750,000 shares were issued on January 1, 2019, at $35 per share. 800,00

Pachacha [2.7K]

Answer:

Explanation:

Journal entries

Jan. 1, 2019

Dr Cash (750,000x$35) $26,250,000

Cr Common stock $26,250,000

Jan. 1, 2019

Dr Cash (540,000x$105) $56,700,000

Cr Preferred shares (540,000x$100) $54,000,000

Cr Paid in capital in excess of par-Preferred stock $2,700,000

Dec. 22, 2021

Dr Cash dividend $15,000,000

Cr Dividend payable-Preferred $12,150,000

Cr Dividend payable-Common $2,850,000

Feb. 12, 2022

Dr Dividend payable-Preferred $12,150,000

Dr Dividend payable-Common $2,850,000

Cr Cash $15,000,000

Dividend payable-Preferred = $54,000,000x7.5%x3 years =$12,150,000

Dividend payable-Common = $15,000,000-$12,150,000 =$2,850,000

8 0

3 years ago

Proposal #2 would establish local collection centers throughout the region to decrease the time it takes to convert credit payme

mezya [45]

Answer: a. $120,000

b. $6,000

c. Yes

Explanation:

a. It is said that the collection centres would help reduce the collection time by 2 days and that every day $60,000 comes in.

If the proposal will reduce the amount of time taken to collect by 2 days then that means that the amount freed up is the amount that they would have collected in two days had it not been for the system.

That amount would be,

= $60,000 * 2

= $120,000

b. If they used this free up cash to pay off a debt that was accumulating 5% per year then the 5% will be saved.

The amount saved therefore is,

= 120,000 * 5%

= $6,000

By retiring a $120,000 that was accruing $6,000 a year, the proposal has enabled that $6,000 to be saved instead.

c. The cost of implementing this proposal is $5,200 per year and yet the savings it gives in interest is $6,000.

As the savings are higher than the cost, the number definitely suggest that the project should be implemented because it is more beneficial than it costs.

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3 years ago

A lack of the resources needed to go into producing goods and services is called what

kotykmax [81]

Goods service resources

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3 years ago

Jordan is a sales officer who has been underperforming over the last three months. At the last monthly operations cycle meeting,

Rashid [163]

Answer:

D. Filtering.

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Business content filtering has two objectives – to prevent network users visiting unsafe websites and to enforce Internet user policies. The first objective is achieved by each request to visit a website being checked against blacklists of known unsafe websites

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3 years ago