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1 year ago

If there is a good that is consumed almost entirely by children, a significant reduction in the birth rate would:________

1 answer:

7 0

If there is a good that is consumed almost entirely by children, a significant reduction in the birth rate would <u>move its demand curve to the left</u>.

<h3>What is a demand curve?</h3>

Basically, a demand refers to the quantity of a good that consumers are willing and able to purchase at various prices during a given time. For this demand, the curve is a sort if graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time such as a year.

When the demand curve move to the left, this indicates a decrease in demand because the consumers are purchasing fewer products for the same price. Some other causes are when Consumers spend less because the cost of living is rising or because government taxes have increased or decide to spend less and save more if they expect prices to rise in the future.

In conclusion, when there is a good that is consumed almost entirely by children, a significant reduction in the birth rate would move its demand curve to the left.

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What does it mean to set up an ""automatic deposit"" and why is this a good savings strategy?

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Answer:

It is an Eletronic Payment Method

Explanation:

An automatic deposit is a payment processing option where funds are deposited directly into the recipients' bank account. It is an electronic service applied in paychecks, tax refunds, and pensions. Individuals can set up such a service with their banks or employers.

As a saving strategy, an employee instructs the employer to make automatic payments to their savings account. The employee will decide the amount they want to save. The amount is deducted from their pay and send to their savings account. Business people can also instruct their bank to deduct a certain amount from the business account and send it to their savings account.

This strategy is suitable for saving because it's efficient. The amount meant for savings will not be available for other purposes. The automatic deposit system ensures the amount intended for saving is saved.

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3 years ago

Which of the following is not a function of prices in a market system? Group of answer choices Prices send signals to buyers and

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Answer:

Prices ensure an equal distribution of goods and services among consumers.

Explanation:

The price mechanism helps in the efficient allocation of resources. There are a number of functions performed by the price mechanism. Prices send signals regarding resources. An increase and decrease in prices reflect surplus and deficit.

Price balances the demand and supply of a product. Price is inversely related to demand and positively related to the supply of a product. It is determined by the interaction of demand and supply and helps in balancing supply and demand.

For instance, an increase in demand would increase the price, this higher price will motivate the suppliers to increase quantity supplied thus balancing demand and supply.

Price helps in coordinating economic activities and helps buyers and sellers in decision making. However, they do not help in equal distribution of goods and services among consumers.

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2 years ago

What was the problem with some of the loans that Banks were making

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3 years ago

epper Department store allocates its service department expenses to its various operating (sales) departments. The following dat

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Answer:

Pepper Department Store

The total advertising expense allocated to Department B is:

= $24,000.

Explanation:

a) Data and Calculations:

Expense Basis for allocation Amount

Rent Square feet of floor space $ 49,000

Advertising Amount of dollar sales $ 80,000

Administrative Number of employees $ 120,000

Department Square Feet Dollar Sales Number of employees

A 5,500 $ 355,000 31

B 5,900 $ 375,000 33

C 6,100 $ 520,000 35

Totals 17,500 $ 1,250,000 99

Advertising Expense Allocation:

Department A = $22,720 (355,000/$1,250,000 * $80,000)

Department B = $24,000 ($375,000/$1,250,000 * $80,000)

Department C = $33,280 ($520,000/$1,250,000 * $80,000)

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2 years ago

Question. Draw a marginal revenue curve of a perfectly competitive firm and explain why the marginal revenue of a perfectly comp

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If AR is constant, MR is equal to AR. Both are indicated by the same horizontal straight line(a situation of perfect competition)

<h3>What is the marginal revenue curve for a perfectly competitive firm?</h3>

Marginal revenue for a company with perfect competition is the same as average revenue and pricing.
This suggests that at values bigger than the average variable cost, the firm's short-run supply curve is its marginal cost curve.
The company closes if the price falls below the average variable cost.

Marginal revenue is the change in total revenue when one more unit of a commodity is sold.

MR= change in TR/change in quantity sold

Average revenue refers to revenue per unit of output.

AR=TR/Q

Relationship between AR and MR:

If AR is constant, MR is equal to AR.

Both are indicated by the same horizontal straight line(a situation of perfect competition)

To learn more about marginal revenue, refer to

brainly.com/question/13444663

#SPJ4

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9 months ago