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3 years ago

If the federal government were to run a budget deficit, this would:

1 answer:

5 0

Answer:
It increases the size of the national debt. When the U.S. federal government runs a budget deficit, it borrows money by selling: Treasury bills, notes, and bonds.

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Terrance has to make home mortgage payments.What can you Most likely conclude about Terrence based on this fact?

pantera1 [17]

Answer:

D. He has a long term liability.

Explanation:

3 0

3 years ago

What country is projected to become the world's third major economic power within 10 years and provides information technology a

Keith_Richards [23]

India is the country projected to be the world's third major economic power within 10 years. It will provide information technology and software services to companies in other countries. Harvard researches project that this will happen because India is seeing a constant 7% annual growth rate at present. If this continues, they will be one of the leading countries for economic power compared to their South Asian rivals, particularly, China.

6 0

3 years ago

Fairfield company's raw materials inventory transactions for the most recent month are summarized here: beginning raw materials

astraxan [27]

Calculation of raw materials cost added to the work in process inventory account during the period:

Raw materials issued using materials requisition 1445 for Job 101 = $25,000

Add: Raw materials issued using materials requisition 1446 for Job 102 = $35,000

Add: Materials requisition 1447 used on multiple jobs 1= $30,000

Total raw materials cost added to the work in process inventory account during the period = $90,000

4 0

3 years ago

One of the most important activities of entrepreneurs is identifying their customers. This includes understanding when consumers

Margarita [4]

Answer:

Explanation:

First we have to understand what is a consumer. A consumer is that person who purchases a goods or services for personal use.

1. Early adopters. (first adopters)

2. Innovators. (first adopters)

3. Early Majority. (first adopters)

4. Late majority. ( Last adopters)

5. Laggard. ( Last adopters)

2. a. High-income people who have inherited their wealth. ( Laggard)

b. Future oriented Below-average-income wage earners ( Innovators)

c. Present (security) oriented High-income people who have incomes from salary and investment. ( Late majority)

d. Highest professionals, including merchants and financiers. ( Last majority )

e. Present oriented Average-income wage earners. ( Early adopters)

f. Middle managers and owners of medium-sized businesses. ( Early Majority)

g. Above-average-income wage earners. ( early adopters)

h. Present oriented, but worried about the impact of time. (Late majority)

I. Unskilled labor Skilled labor. (Innovators)

J. Owners of small businesses; non-managerial office and union managers. ( early adopters)

K. Tradition-oriented people who often live in the past. (Laggard)

6 0

3 years ago

Danny "Dimes" Donahue is a neighborhood’s 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he

Nina [5.8K]

Answer:

To calculate the elasticity of demand, we need to use mid point elasticity theory.

According to mid point theory,

Ed = [(Q2 - Q1) / {(Q1 + Q2) / 2}] / [(P2 - P1) / {(P1 + P2) / 2}]

Where, Ed = Elasticity o demand

Q1 = Initial quantity = 100

Q2 = New Quantity = 300

P1 = Initial price = $2.75

P2 = New price = $2.25

Ed = [(300 - 100) / {(100 + 300) / 2}] / [(2.25 - 2.75) / {(2.75 + 2.25) / 2}]

Ed = - 5.

a. So, the elasticity of demand is - 5 or in absolute term 5.

b. As the value of elasticity is more than 1, that means, the elasticty over the price range in elastic.

c. From theory, we knew that, when the demand is elastic, then a decrease in price causes a increase in total revenue. Because, as the demand elasticity is elastic, so the increase in output is higher than decrease in price.

Total revenue will increase

8 0

3 years ago