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HACTEHA [7]
3 years ago
11

Which statement is TRUE? a. The concept of equilibrium requires that all individuals have an equal amount of income. b. If a mar

ket is in equilibrium, there will be no remaining opportunities for individuals to make themselves better off. c. A market is in equilibrium when the number of buyers is equal to the number of sellers. d. If a market is in equilibrium, the price in that market will not fluctuate by more than 5%.
Business
1 answer:
Montano1993 [528]3 years ago
5 0

Answer:

b. If a market is in equilibrium, there will be no remaining opportunities for individuals to make themselves better off

Explanation:

Equilibrium refers to a state of rest. Market equilibrium refers to a situation wherein quantity demanded of a product equals quantity supplied of that product.

Market equilibrium only gets disrupted when factors affecting demand other than the price changes which leads to either increase/decrease in demand or increase/decrease in supply.

At the equilibrium level, the possibility of individuals making themselves better off get wiped out.

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Two TransWorld Airline mechanics failed to properly repair the landing gear of a 747. As a result, the plane’s landing gear coll
lisabon 2012 [21]

Answer:

no

Explanation:

the airport would be liable because the fire truck blowing a tire and hitting the pole was the direct cause. not the failure of the landing gear

5 0
4 years ago
A company purchased a weaving machine for $332,970. The machine has a useful life of 8 years and a residual value of $18,500. It
Vera_Pavlovna [14]

Answer:

$48,175

Explanation:

Given:

Cost of the weaving machine = $332,970

Useful life = 8 year or 767,000 bolts production

Residual value = $18,500

Number of bolts produced in the first year = 113,500

Number of bolts produced in the second year = 117,500

Now,

Using the units-of-production method of depreciation

Rate of depreciation = \frac{\textup{Cost - Residual value}}{\textup{Number of bolts produced during the useful life}}

= \frac{\textup{332,970-18,500}}{\textup{767,000}}

= 0.41

Therefore,

Depreciation for the second year

= Rate of depreciation × Number of bolts produced in the second year

= 0.41 × 117,500

= $48,175

6 0
4 years ago
Renee contracts with Scott to pay him $25,000 for his work on Renee’s new album "Hip Pop." After Scott performs, they sign an ac
Misha Larkins [42]

Answer:

C) the accord or the original obligation.

Explanation:

Based on the scenario being described within the question it can be said that Scott can sue Renee on the accord or the original obligation. This is mainly due to the fact that Renee did not pay the newer arrangement within the three days, and therefore owes Scott the total amount of $25,000 as was agreed by both in the original contract, but since Scott also agreed on the $21,000 he can decide which he would want to sue for.

7 0
3 years ago
Please help me!! due tmrw!!!
Readme [11.4K]

Answer:

High supply, Low demand

Explanation:

If there is a lot of one product that no one wants, they lower the prices to get rid of it

5 0
3 years ago
Read 2 more answers
True or false?
Sidana [21]

Answer:

The statement is: True.

Explanation:

If we have been given an assignment, it is important to set a schedule of activities to ensure that the final form of our work is delivered on or before the <em>due date</em>, if possible. In the way, there could be problems of various types -for example, technology when delivering a report- that could interrupt our work. Therefore, it is important to consider those risks while scheduling so that we have a contingency plan that will not impact our research and the date we will deliver it.

8 0
4 years ago
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