Answer:
d) Markets tend to move towards equilibrium as individuals respond to incentives
Explanation:
The equilibrium is the single point where the demand meets the supply. Individuals, tend to move following their own benefit, so if the demand of engineers is bigger than the supply of them, they will be better paid and become easier to find a job...individuals want to find a job with a better pay, so they will decide to major in Engineering.
As the number of engineers increase, the supply will meet the demand of them and the number of jobpostings for engineers will decrease as well as their extra pay meeting the equilibrium point.
Thats how the Markets tend to move towards equilibrium as individuals respond to incentives
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Answer:
The City of Mayville
The City should report $42,000 as restricted fund balance in its General Fund on December 31, 2019.
Explanation:
a) Data and Calculations:
Total fund balance in General Fund = $200,000
Inventory = $28,000
Prepaid Rent 10,000
Encumbrances 60,000
Restricted fund = $42,000
b) The City of Mayville's restricted fund balance is the cash balance that has been earmarked for specific or limited use by or for the City. Restricted funds ensure that donors detect and direct the usage of the funds.
Answer:
$50
Explanation:
For computing the amount which is spent on consumption, first we have to determine the multiplier spending which is shown below:
Multiplier spending = (1) ÷ (1 - MPC)
= (1) ÷ ( 1 - 0.8)
= 1 ÷ 0.2
= 5
And, the government spending is $10
So, the consumption amount spent would be
= 5 ×$10
= $50
Explanation:
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