Answer:
A Price: Remain constant, Level of Output: Remain constant, Profits: Increase
Explanation:
The image attached shows the different possible solutions. Options can be eliminated based on the problem statement. First, Options B, C and D can be discounted because of the change in output levels. From the information available, the technological innovation lowers marginal cost and cost of production, however it does not affect production time or output levels.
For the two remaining options, A and E, both are possible scenarios based on the information available.
Option E:
Price decreases, output level remains the same and profit remains the same. While this is a possible outcome, as the business is a monopoly, there is no incentive for the monopolist to reduce prices along with cost as they are already the only player in the market. Especially when the reduction in price does not result in increased profit.
Option A:
Price and output level remain constant, while profit increases. This is the most likely outcome as the business is a monopoly. The owner can take advantage of the reduced costs and sell at the same price to increase profits.
Answer:
Paul Copan
Explanation:
Dr. Robertson McQuilkin can be considered a very biblical man, and as such, would always favor socialism more than free market capitalism. His phrase "Capitalism is for freedom, socialism is for equality" and the fact that he believed in a strict following of the Bible, you make him a more socialist person.
Dr. Paul Copan is also a very religious man, but his views are less extreme than Dr. McQuilkin's. He is more pragmatic and argues in favor of religion from a more neutral or agnostic point of view. He even argues that religious beliefs and economics are not mutually exclusive.
The answer would be 187.50
250 $ for 20 friends would be $12.50 per friend. So, 12.5 x 15 = $187.50
Answer:
<em><u>Classifying Cash Flows:</u></em>
Retirement of bonds payable ⇒ <em><u>Financing activity</u></em>
Purchase of inventory for cash ⇒ <u><em>Operating activity</em></u>
Cash sales ⇒ <u><em>Operating activity</em></u>
Repurchase of common stock ⇒ <em><u>Financing activity</u></em>
Payment of accounts payable ⇒ <u><em>Operating activity</em></u>
Disposal of equipment ⇒ <em><u>Investing activity</u></em>
Answer:
The correct answer is letter "C": average person in the economy.
Explanation:
The Gross Domestic Product (GDP) measures the level of output of a country given a certain period -by quarter and year, usually. It considers <em>government expenditures, private investments, consumer spending, </em>and <em>net exports </em>(exports minus imports).
The GDP per capita represents the GDP per person and is calculated by dividing the GDP by the population of a country. GDP per capita represents an approximate of the expenses of an individual. Smaller richer countries such as Luxembourg or Switzerland tend to have higher GDP per capita.
