The statement above is TRUE.
Social mobility refers to the movement of individuals or families within or between social strata in a particular society. It means a change in social status relative to one's present location with a given society. Social mobility in US does not depend on where one start in the class system; one can come from the lowest class strata and become one of the richest individual and an individual from a very rich family can also end up as a p.auper. A lot of factors come to play in these situations.
Answer: does not affect; does not affect; increases; increases
Explanation:
<em>''The annual franchise tax </em><em><u>does not affect</u></em><em> the firm's marginal cost curve,</em><em><u> does not affect</u></em><em> the firm's average variable cost curve, </em><em><u>increases</u></em><em> the short-run average cost curve, and </em><em><u>increases</u></em><em> the long-run average cost curve.''</em>
Franchise taxes do not affect output so will not be apportioned to output. This means that neither the marginal cost nor the variable cost will change because the tax does not change with output.
The fixed costs will however increase because the tax is a fixed cost. As fixed cost is a part of total cost, the average cost curve will increase to show this change. The tax is paid each year instead of once so in the long run the firm would still be paying the tax so the long run average cost curve is affected as well.
Answer:
PV= $31,794.12
Explanation:
Giving the following information:
Monthly payment= $600
Number of months= 5*12= 60 months
Interest rate= 0.05/12= 0.004167
<u>To calculate the present value of the monthly payments, we need to use the following formula:</u>
PV= A*{(1/i) - 1/[i*(1 + i)^n]}
A= monthly payments
PV= 600*{(1/0.004167) - 1/ [0.004167*(1.004167^60)]}
PV= $31,794.12
Based on the purchase, Pablo's own price elasticity of demand for the drink is: A. zero (0).
<h3>What is a price elasticity of demand?</h3>
A price elasticity of demand can be defined as a terminology that is used to measure the responsiveness of the quantity of a product demanded by a consumer with respect to a specific change in price of the product, all things being equal (ceteris paribus).
In this scenario, Pablo's own price elasticity of demand for the drink purchased is zero (0) because the quantity of drinks he buys is constant or remained the same i.e there is no change in the quantity demanded.
Read more on price elasticity here: brainly.com/question/24384825