<span>"Price and quantity" are the two variables that are needed to calculate demand.
Demand refers to the amount or quantity that a man is both willing and ready to consume at each cost in a given time period, by keeping every single other thing consistent. When Price and quantity shift conversely by keeping all different things constant, it refers to the law of demand. </span>
Answer:
4. Public goods are only provided by government.
Explanation:
The statement is false because, as stated by the previous options of the question, sometimes public goods are provided by private organizations even if they are usually unprofitable.
For example, in New York City the Central Park Conservancy is a private, non-profit organization that provides maintenance and operation for the Central Park. This is an example of a private organization employing its resources for the benefit of the public.
Answer:
9.87%
Explanation:
Calculation to determine What APR do you have to earn in order to achieve your goal
$2.7 million = $600{[(1 + r)444 − 1] / r}
r = .0082*100
r=.82%
r = .82% × 12
r = 9.87%
Therefore the APR you have to earn in order to achieve your goal is 9.87%
Answer:
the estimated total manufacturing overhead is $550,000
Explanation:
The computation of the estimated total manufacturing overhead is given below:
= Fixed manufacturing overhead + variable manufacturing overhead
= $440,000 + $2.20 × 50,000 machine hours
= $440,000 + $110,000
= $550,000
hence, the estimated total manufacturing overhead is $550,000