I believe the correct answer is A. The model of aggregate demand and aggregate supply explains the relationship between the price and quantity of a particular good. It is a macroeconomic model explaining the correlation of the price with the output of goods.
Explanation:
in acapitalist economy, the government acts as regulatory and complementary body.
2) The area has a major shipping port.
4) There is a major city 50 miles away from the region.
5) The area has warm weather and ocean beaches.
Number 2 tells about the economy and how they trade. Number 4 tells about were the major city is which tells you that they aren't that big, so they don't have a huge economy. Number 5 tells you about how they might farm.
Hope this helps
Answer: $70
Explanation:
First, we need to calculate the purchase price per share and this will be:
= Purchase amount / Number of shares bought
= $7000 / 140
= $50 per share
Therefore, the balance in the Paid-in Capital, Treasury Stock account on August 2 will be:
= [70 × ($52 - $50)] + [70 × ($49 - $50)]
= (70 × $2) + ($70 × $-1)
= $140 - $70
= $70
Answer:
The firm will use labor intensive technology when the marginal product of using labor intensive technology is greater than the marginal produce of capital intensive technology
Explanation:
Marginal product is the change in total product when the amount of input used in changed by 1 unit
When choosing which form of technology to use, a firm would choose the technology that yields the highest marginal product
For example, imagine a firm can choose between using labour or capital in its production. When labour is increased frim 10 to 20 units, output increase from 100 to 500 units
when capital is increased frim 10 to 20 units, output increase from 100 to 200 units
Marginal product of labour = 500 - 100 / ( 20 - 10) = 40
Marginal product of capital = (200 - 100) / (20 - 10) = 20
Marginal product of labour is higher than the Marginal product of capital. the firm should be labour intensive