The value created by firms in the form of goods and services are distributed among various economic entities that consume them such as private consumers, government etc. But a closed circular flow diagram does not depict the other external values created. For example, a private college is a firm that produces education or provides education as a service to individuals who pay for it. This has a positive externality on society since these students can later teach others in society. Also firms produce under certain conditions and surveillance.
Firms can gain a certain control over society by studying the elasticities of demand. Also, firms generate certain expectations regarding wages and other social benefits. On the other hand, firms are controlled by governmental policies such as minimum wage laws, pricing laws etc. Such policies bind the full potential output if the potential output is not in confluence with social goals or maximization of social welfare.
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Answer:
divide all of the current obstacles by the level of urgency and take it one step at a time
Explanation:
When making any sort of plans there will always be unexpected obstacles that prevent/disrupt you from making progress. In these situations, the best advice would be to divide all of the current obstacles by the level of urgency and take it one step at a time. If you try to solve all the problems at once you will get overwhelmed and stressed out. Instead solve one at a time, focusing on the more urgent problems first.
Answer: 11.59
Explanation:
From the question, we are told that the stock price a year from now will be either $130 or $90 with equal probabilities. This means that the prices have a 50% chance of occuring.
Therefore, the value of a call option with an exercise price of $110 and an expiration date 1 year from now should be worth:
= 0.5[(105 - (90/1+0.10)]
= 0.5(105 - 81.82)
= 0.5(23.18)
= 11.59
Answer:
A. "Not be at fault if there is a collision". Normally when someone runs a red light you don't have enough time to swerve or slow down and you might just collide with them but it's not your fault. The person who ran the red light would be at fault.
Ching Chong
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