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2 years ago

Based on this model, households earn income when firms purchase in the markets.

1 answer:

3 0

The model that allows household to earn income when firms purchase factors in markets is the circular-flow model.

<h3>What do firms purchase from the market?</h3>

In the circular flow mode, firms go into the factor market and purchase factors of production such as labor, and investment. Households will make money from these through salaries to laborers and returns on investments to investors.

The households will then go into the consumer market with the money made from the factor market, and buy goods and services that are offered by the firms.

Find out more on the circular flow model at brainly.com/question/1433471

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A technological innovation in the production of golf balls increases ______, causing the price to ______ and the ______.

kkurt [141]

Answer:

a) supply; fall; quantity demanded to increase.

Explanation:

Technological innovation typically makes production easier and faster so the supply of golf balls would increase. This would lead to an excess of supply over demand and as a result prices would fall. The fall in price would attract consumers and the quantity demanded would rise.

I hope my answer helps you

7 0

3 years ago

The economy begins in equilibrium at Point E, representing the real interest rate, r1, at which saving, S1, equals desired inves

fiasKO [112]

Answer:

reduction in investment, savings and interest rate

Explanation:

A change in factors other than the interest rate causes a shift in the investment demand curve also known as IS curve. The change in tax law which reduces the demand for investment goods will cause the IS curve to shift left from IS1 to IS2 this will shift the equilibrium from E to E1. This will reduce the real interest rate from R1 to R2. A decrease in interest rate will also decrease the saving from S1 to S2 and Investment is already reduced from I1 to I2.

Note: Graph file is attached

8 0

4 years ago

It is now January 1. You plan to invest a total of 5 consecutive, equal deposits, one every 6 months, with the first payment bei

FinnZ [79.3K]

Answer:

$2,848.94

Explanation:

first of all, we must determine the amount of money that we need to have in our account in order to be able to withdraw $25,000 in 10 years.

You will start making your semiannual deposits today and they will end in exactly 2 years, so we need to find out the present value of the $25,000 in two years:

PV = $25,000 / (1 + 3%)¹⁶ = $15,579.17

that is now the future value of our annuity due:

FV = semiannual deposit x FV annuity due factor (3%, 5 periods)

$15,579.17 = semiannual deposit x 5.46841

semiannual deposit = $15,579.17 / 5.46841 = $2,848.94

4 0

3 years ago

Which of the following questions does the organization's mission statement answer?

vichka [17]

Answer:

D. What do we want to become?

Explanation:

A mission statement refers to a statement in which the existence reason could come why it is established, its entire objectives, its products and services that are provided to the customers, and at last the location where they deal

So as per the given options the option D is correct as it represent the mission statements and the hence the same is to be considered

Therefore all the other options are wrong or incorrect

6 0

4 years ago

The demand function for a product is given by 2 p x x = − − + 0.05 0.3 8 where p is the unit price in dollars and x is the weekl

const2013 [10]

Answer: This is the correct and complete question ; The demand function for a product is given by p = -0.05x2 - 0.3x + 0.8, where p is the unit price in dollars and x is the weekly demand for the product each week, measured in thousands of units. Find the consumer's surplus if the market price for the product is $5.

Answer for the consumer surplus is 7033.3million

Explanation:

The concept of consumer surplus shows the disparity between the price that consumers are willing to pay for a product in the market and the actual price they do pay on a product. Consumer Surplus is also the difference between the price that a consumer is willing to pay for a commodity and the price that the consumer actually pays. For example, if you would pay 76p for a cup of tea, but can buy it for 50p – your consumer surplus is 26p

Consumer surplus is measured as the area below the downward-sloping demand curve, or the amount a consumer is willing to spend for given quantities of a good, and above the actual market price of the good, depicted with a horizontal line drawn between the y-axis and demand curve.

The attached below shows the detailed calculations with steps.

8 0

4 years ago