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Vadim26 [7]
3 years ago
9

A common feature of skiing is waiting in lift lines. Does the existence of lift lines mean that the price is not working to allo

cate the scarce resource? If so, what should be done about it?
Business
1 answer:
zhuklara [117]3 years ago
4 0

Answer:

The existance of wait line may show scarcity but there are other factors to be considered.

Explanation:

One of the main factor is the safety of customers, non-compliance of this will result in fatal consequences.

However this wait line can be used as a stop shop. A ski resort can sell products to the people in line. Whether they may be soveniers or anything else.

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Suppose the U.S offered a tax credit for firms that built new factories in the U.S. Then __________a The demand for loanable fun
nadezda [96]

Answer:

Option (b) is correct.

Explanation:

When the united states offered a tax credit to the firms that built the new factories then this will increase the demand for loanable funds because every firm wants to built a new factory, so that they are eligible for the tax credit given by the U.S.

This increase in the demand for loanable funds at the ongoing interest rate would shift the demand curve of loanable funds rightwards and this economy is experiencing a situation where the demand of loanable funds is greater than the supply. This will create a shortage of loanable funds.

8 0
3 years ago
Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year ende
lara31 [8.8K]

Answer:

Target Corporation

Common-Size Income Statement

Year ended:                                                                   January 28, 2012

Sales revenue                                                                       100.0%

Cost of sales                                                                               61.8%

Selling, general and administrative expenses                       18.2%

Depreciation and amortization                                               2.8%

Earnings from continuing operations before interest

expense and income taxes                                                        18.5%

Net interest expense                                                                1.1%

Earnings from continuing operations before income taxes      17.4%

Provision for income taxes                                                        2%

Net earnings from continuing operations                                15.4%

Every line item in the income statement is divided by the sales revenue.

Explanation:

Fiscal year ended January 28, 2012

Sales = $77,466

Net credit card revenues = 1,399

Cost of sales = 47,860

Selling, general and administrative expenses = 14,106

Credit card expenses = 446

Depreciation and amortization = 2,131

Earnings before interest expense and income taxes = 14,322

Net interest expense = 866

Earnings before income taxes = 13,456

Provision for income taxes = 1,527

Net earnings = $11,929

3 0
3 years ago
Why is social security and Medicare spending expected to in crease further in the near future? -) the people who qualify will al
masya89 [10]

Answer:because people invents new tecnoligy and other things

Explanation:

6 0
3 years ago
A perfectly competitive market helps ensure that the products produced are the goods that consumers want. this demonstrates the
frozen [14]
A perfectly competitive market helps ensure that the products produced are the goods that consumers want demonstrates the concept of allocative efficiency.
<span>Allocative efficiency defines a state of the economy in which production represents consumer preferences and it is a characteristic of  an efficient market.
</span>
5 0
3 years ago
If the marginal propensity to consume is 0.75, and there is no investment accelerator or crowding out, a $115 billion increase i
rodikova [14]

Answer: $460 billion, but the effect would be larger if there were an investment accelerator.

Explanation:

If the MPC = 0.75 and there is no investment accelerator or crowding out, then a $115 billion increase in the government expenditures would result in the shift in the aggregate demand curve right by:

= $115 billion ÷ (1 - 0.75)

= $115 billion ÷ 0.25

= $115 billion × 1/0.25

= $115 billion / 0.25

= $460 billion.

Therefore, there'll be a shift in the aggregate demand curve right by $460 billion, but the effect would be larger if there were an investment accelerator

4 0
2 years ago
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