Answer:
7 chairs
Explanation:
The computation of the no of chairs that produced each day is shown below:
We know that
The optimum production is Marginal revenue = Marginal Cost
the Marginal cost is increasing with output and Marginal revenue remains constant at $200
So,
Quantity MC
1 50
2 75
3 100
4 125
5 150
6 175
7 200
Therefore Julius produce 7 chairs
D is totally wrong. Both organizations issue bonds.
C is the best answer.
B is backwards. You want to get interest from an investment in bonds. You get a dividend from stocks.
A Bonds don't fluctuate much in value, depending on what kind they are. Bond holders don't usually like to see their bonds change value. If you want a change in value, buy stocks.
Answer:
The correct answer is: substitution by consumers toward goods that have become relatively less expensive and away from goods that have become relatively more expensive.
Explanation:
The CPI or consumer price index measures the change in the general price level through a basket of commodities that are generally purchased by the consumers.
The CPI does not always correctly estimate the inflation rate. This is because CPI does not include changes in the quality or substitution of expensive goods for cheaper ones.
When the price of a commodity increase, the consumers will substitute it for its cheaper substitute. So consumer spending will not change. But the CPI will increase as it will not include this substitution. The CPI will thus overestimate inflation.
Answer and Explanation:
The regulated medical community continued to stay unregulated by corporate organizations, insurance companies, and clinics while retaining the right of doctors to remain uncontrolled from clinics and insurance firms maintained an important feature in Modern medicine.
Specific physicians engaging in private practice were disciplined by the medical profession and forced to leave these practices; freedom from corporate control further strengthened private enterprise and positioned physicians in an enviable competitive position with these organizations.
