1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dolphi86 [110]
1 year ago
11

More than 10,000 people waited in line for more than two hours to see a titan arum (a rare flower) at cambridge botanic garden.

an economist would conclude that?
Business
1 answer:
weqwewe [10]1 year ago
7 0

An economist would conclude that when goods are not rationed by monetary price or lottery, other rationing mechanisms like waiting arises.

Here, many people were willing to wait for more than two hours to see the rare flower. The visiting was arranged in such a way that first come, first see. The rareness of the flower made no option but to wait in line to see it.

In an economist's perspective, he will compare the flower to the goods. There is rationing for food through monetary and lottery mechanisms. But if  there were no mechanisms like this, then waiting will be the only way to consume goods. Here, because the flower was rare, it cannot be rationed by price. But we are still able to ration goods by price. If someday, there will be lack of goods, then the only rationing mechanism we could opt will be waiting in lines.

Learn more about rationing mechanisms at brainly.com/question/14938189

#SPJ4

You might be interested in
Simon Company’s year-end balance sheets follow.
klemol [59]

Answer:

The answer is given below;

Explanation:

Days sales in inventory-2017= Average Inventory/Cost of goods sold*365

                                =(115,000+85,000)/2/(458,674)/365

                                =(100,000/458,674)*365

                                =80 days

Days sales inventory 2016= (85,000+56,000)/2/(385,686)*365

                                            =(70,500/385,686)*365

                                             =67 days

3 0
3 years ago
heywood yapinchme works in the it department at pain, inc. after finding out that the company is planning to purchase four more
mash [69]

Then, using his brother's name and dealing with seller records, he resold the computer systems to ache for $2, three hundred. this form of scheme is called a(n):d) Turnaround sale

A vendor, also known as a dealer, is an individual or business enterprise that sells goods or services to someone else within the economic manufacturing chain.

A business enterprise or a man or woman who sells a terrific or a carrier is a supplier. companies may promote to different companies, or they may be outlets that promote immediately to purchasers. An instance of a seller is a company that gives the stock to boutique apparel shops. Key takeaways. A vendor is a person or business that purchases goods and services from distributors and resells those gadgets to purchasers or different businesses. The 5 varieties of vendors are manufacturers, wholesalers, outlets, carrier and preservation vendors, impartial carriers, and alternate display representatives.

Learn more about vendor here:

brainly.com/question/28787369

#SPJ4

6 0
1 year ago
Sammy salt is an exempt employee and earns $275,000 per year. if sammy was paid on a weekly basis, what would his gross pay be?
egoroff_w [7]

Sammy salt makes $275,000 a year as an exempt employee. if Olivia was paid on a biweekly basis her gross pay would be $5,288.46.

A person's gross pay is their total earnings for a certain time period before any deductions are made. Gross compensation is determined before any deductions, such as those for required taxes and Medicare contributions, employer-provided health insurance, or retirement plans. The difference between the gross pay definition and the net pay definition is that the former excludes an employee's take-home compensation.

Employee's gross pay is their salary before any payroll deductions such as taxes, benefits, and other expenses are made. Net pay, often known as take-home pay, is the amount that is left after all withholdings have been taken into account.

To know more about Gross Pay refer to: brainly.com/question/14690804

#SPJ4

5 0
1 year ago
If we were able to invest a Gradient = $100 at the end of each year for 7 years at 6% interest (i.e., So at the end of year 1, $
zavuch27 [327]

Answer:

We can withdraw an equivalent annuity of  $ 293.658 each year.

Explanation:

We build a scheduled table to know the future value of the gradient investment

Time    Beg        Gradient          Total             Rate Ending

1  $100.00   $100.00  $100.00           0.060   $106.00

2  $106.00   $100.00   $206.00   0.060   $218.36

3  $218.36   $200.00   $418.36   0.060   $443.46

4  $443.46   $300.00   $743.46   0.060   $788.07

5  $788.07   $400.00   $1,188.07   0.060   $1,259.36

6  $1,259.36   $500.00   $1,759.36   0.060   $1,864.92

7  $1,864.92   $600.00   $2,464.92   0.060   $2,612.81

Then, we solve for the equivalent annuity-due:

PV \div \frac{1-(1+r)^{-time} }{rate}(1+rate) = C\\

PV 2,613

time 7

rate 0.06

2612.81 \div \frac{1-(1+0.06)^{-7} }{0.06}(1+0.06) = C\\

C  $ 293.658

Itis annuity due as we will going to retire cash in a 6 year period for  seven times. (at each year-end during 6 years thus, annuity-due

1st      2nd     3rd   4th    5th    6th   7th

/-------/-------/-------/-------/-------/-------/-------/

         1       2       3        4      5        6       7

3 0
3 years ago
The revenue recognition principle says Question 2 options: A) divide time into annual periods to measure revenue properly. B) re
lisov135 [29]

Answer:

The correct answer is letter "B": record revenue only after you have earned it.

Explanation:

Revenue Recognition is an accounting term that describes how and when a company reports revenue in its ledger. It is also part of the Generally Accepted Accounting Principles (GAAP). Using the accrual accounting method, revenue must be recorded when it is earned not when the company collects the cash proceeding.

7 0
3 years ago
Other questions:
  • Which of the following does not describe​ derivatives? A. These financial instruments are often used to speculate. B. Insurance
    15·1 answer
  • An amount of something left over when requirements have been met; an excess of production or supply over demand
    12·1 answer
  • When profit-maximizing firms in competitive markets are earning profits, market demand must exceed market supply at the market e
    12·1 answer
  • What else besides raw materials would be included in input costs?
    11·1 answer
  • Shanna, a calendar year and cash basis taxpayer, rents property from Janice. As part of the rental agreement, Shanna pays $24,20
    10·1 answer
  • Technical analysts consider the stock market to be strong when volume _________ in a rising market and _________ during a declin
    12·1 answer
  • A firm is considering a project that will generate perpetual cash flows of $50,000 per year beginning next year. The project has
    13·1 answer
  • Brad owns a small townhouse complex that generates a loss during the year.
    5·1 answer
  • The job outlook suggests that the translator field will likely to continue to grow. Will likely to continue to shrink. Has chang
    10·2 answers
  • The process of buying an underpriced security and selling an equivalent overpriced security until the prices converge is known a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!