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3 years ago

When output increase, the PPC of the economy

1 answer:

8 0

Costs of production to firms will fall. Costs decrease, profits increase, so firms plan to produce more, therefore AS shifts right. As both the AD and AS curves shift outward (to the right), this will result in an increase in real output GDP which is economic growth.

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What is the annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges? Assume

Mamont248 [21]

The annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges is $9. Read below about the analysis of the annual opportunity cost of a checking

<h3>What is the annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges?</h3>

The calculation goes thus;

Annual opportunity cost = Minimum balance × Interest rate

= $300 × 0.03

= $9

Therefore, the correct answer is as given above

learn more about annual opportunity cost: brainly.com/question/17204577

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7 0

2 years ago

A profit-maximizing entrepreneur rents an apple orchard for a day. He is a price taker in both the market for labor and the mark

yaroslaw [1]

Answer:

c. 5

Explanation:

L Q MPL (ΔinQ/ΔinL) VMPL

4 52

5 60 8 80

6 66 6 60

7 70 4 40

8 72 2 20

Note: Labour hired per day = L, Total product = Q, Marginal Product of labor=MPL, VMPL =Price*MPL

A firm will maximize the profit by increasing the number of labor as long as VMPL is higher than or equal to the wage rate. In this case, we observe that VMPL ($80)>wage rate ($75) for L=5 but VMPL ($60)<wage rate ($75) for L=6. So, the optimal number of labor to be hired is 5.

7 0

3 years ago

Danny deposits $50 in a savings account at 5 percent interest for 3 months. How much will be in the account after 3 months?

sveticcg [70]

Answer:

$ 50.625

Explanation:

Amount of deposit = $50

interest 5 percent usually per year

Per year interest rate = 5/100= 0.05

Interest rate for 3 months= 0.05/12 x3

=0.0125

Interest amount =0.0125 x50= 0.625

Money in the account will be

=$50+0.625

=$ 50.625

5 0

3 years ago

Suppose a city that operates local electric and natural gas companies wants to raise revenues by increasing its rates for electr

leva [86]

Answer: Inelastic

Explanation:

Price elasticity could be defined as when the desire for a product changes as it's price changes. When people's desires changes or they are no longer interested as the price for the commodity goes up. Inelastic demand is defined as when the buyers demand does not change or is not influenced as the price of the commodity goes up, rather the demand decreases than increasing. The price rise will increase city revenues if the elasticity of demand for electricity and natural gas is elastic.

7 0

3 years ago

JTL has 148,000 shares of stock outstanding. The firm has extra cash so it announced this morning that it is willing to repurcha

MrRissso [65]

Answer:

A tender offer.

Explanation:

This is simple explained to be the offer put to place to execute a work or even services for a said/given price. These offers are typically said to be done publicly; shareholders in some cases a been put to place to sell their shares for a specified price and within a particular window of time. Target sales orders which are been tabled/offered are been usually placed at certain premium value which are effective in market price and is often contingent upon a minimum or a maximum number of shares sold. In many other cases, tender are seen to be in security forms or other non-cash alternatives are offered in exchange for shares.

3 0

3 years ago