Answer:
A. People coordinate their activities, resulting in equilibrium in the market.
Explanation:
Adam Smith - a proponent of Capitalist Economy 'Laissez Faire' i.e free markets proposed that :
Un-intervened (by govt) Markets guided by self interest create more wealth & over all socio economic welfare. Any disequilibrium will be sorted by undisturbed market forces, any government intervention is distortionary.
Answer:
When the price of a necessity increases, demand is likely to be <u>constant </u>because consumers <u>need </u>that product to survive. However, when the price of a luxury good increases, consumers may <u>not buy it</u> because the good is not crucial to survival. Thus, the demand would be <u>decreasing.</u>
Explanation:
Changes in prices do not affect the demand for necessary goods in price. Consumers need products to survive. Luxury goods are not a necessity for life. When the price goes up, the demand goes down.
This is an example of <u>"a time and motion study."</u>
Time-and-motion study, in the assessment of industrial execution, examination of the time spent in experiencing the distinctive movements of work or arrangement of employments. Time-and-motion studies were first organized in workplaces and production lines in the United States in the mid twentieth century. These investigations came to be received on a wide scale as a methods for enhancing the techniques for work by subdividing the diverse tasks of an occupation into quantifiable components. Such investigations were, thus, utilized as helps to institutionalization of work and in checking the proficiency of individuals and hardware and the method of their blend.
Answer:
$2.88 per share
Explanation:
The computation of the current dividend per share is shown below:
As we know that
Cost of equity = Next year dividend ÷ current stock price + growth rate
Since the cost of equity is 9%
So growth rate = 4.5%
And, the Next year dividend ÷ current stock price = 4.5%
Therefore, the next year dividend is
= $66.90 × 4.5%
= $3.0105
And, the current year dividend is
Next year dividend = Current year dividend × (1 + growth rate)
$3.0105 = Current year dividend × (1 + 4.5%)
So, the current year dividend is $2.88 per share