1Q: innovation, competition and profit motivation.
2Q: freedom, and voluntary exchange and trade
Q2: voluntary exchange and trade: <span>The words "exchange" and "trade" refer to the same activity-people who have one thing and want a different thing can exchange or trade it voluntarily with each other. The word "exchange" tends to emphasize trades within a single country or locale. The world "trade" tends to emphasize international aspects. Regardless, the activity of exchanging or trading is the same, whether it is with your neighbor or someone living clear across the world.</span>
Freedom: is being unopposed in regard to your own life and property. (Presuming, of course, that you don’t intrude upon anyone else.) What if you want to allow people to smoke in your restaurant in a major US city? If you do, your money will be stolen from you by the government. If you hide your money from them and keep doing it, they’ll send armed men, seize you, and lock you in a cage. Are you free? After all, this is your own property we’re talking about. Why can’t you use it how you wish? You’re not forcing anyone to come inside after all.
Answer:
B. Wealth Effect
Explanation:
First, let's remind that downward-sloping aggregate demand means that as the price level falls, the demanded output quantity rises. There are mainly three reasons that explain this: the interest rate effect, the exchange rate and our answer to this question, Wealth Effect.
Wealth Effect means that if prices are lower, that makes people wealthier, as with the same money they can buy more goods or services than they could buy before, therefore demanding more output. So you see, the Wealth Effects is one of the explanations of this inverse relationship between the price level and the aggregate demand.
Answer:
Sales revenue $ 710,000
Cost of goods sold $ 385,000
Gross Profit $ 325,000
Selling expense 71,000
Administrative expense 91,000
Operating Income 163,000
Non-Operating Income
Interest revenue 44,000
Gain on sale of investments 91,000
Interest expense (28,000)
Restructuring costs (67,000)
Income before taxes 203,000
Income tax expense (50,750)
Net Income 152,250
Shares outstanding 100,000
Earnings per share $1.52
Explanation:
We need to determinate gross profit.
then, the operating income therefore the interest and restructuring cost are not considered. Same goes for the gain on investment as aren't part of the business normal activities.
Answer:
The answer is: $39.29 per thousand viewers
Explanation:
If you want to calculate the cost per thousand viewers for this media buy, you can use the following formula:
cost per thousand = (cost of running the ad once / total circulation) x 1,000
cost per thousand = ($1,650 / 42,000) x 1,000 = $0.039285 x 1,000 =
cost per thousand = $39.29 per thousand viewers
