Answer:
The best option is a.
The court will award Scotty a reasonable amount for the lessons he already taught.
Explanation:
Answer:
Since elasticity is 6.4, a positive figure,it is normal good and the fact that it is greater than one means it is elastic,hence option A is correct
Explanation:
The formula for income elasticity of demand is given as:
/(new quantity-old quantity)//(old price+new price)/2)/(New income-Old income)/(old income+new income)/2)
New income=$33,000
Old income=$31,900
New quantity =5 times
Old quantity=3 times
Hence=(5-3)/(3+5)/2)/(33500-31900)/(31900+33500)/2)
Elasticity=6.45
I would say define the situation.
Answer:
The correct answer is c. actual market outcomes provide a higher price than the efficient price of education.
Explanation:
In any country, there is a close positive correlation between a greater number of years of study and income, just as a higher degree of education is related to a lower incidence of poverty. In general, knowledge provides a great deal of benefits to its holders, so why might a government policy for investment in human capital be necessary? The answer could be that knowledge generates a series of “external benefits”, which are not always considered by people when making their decisions.
Economic activities generate costs and benefits, which can be private or external. In this way, whoever studies obtains a benefit for himself, for example a better salary, as explained above. That is the private benefit. But a series of external benefits are also generated, for example, the possibility of being better citizens, of improving the communication and performance of people in society, of generating new solutions to different human problems, among many others. Likewise, research and development activities lead to obtaining new knowledge. All these benefits are obtained thanks to preschool, primary, secondary, technical, university education, job training, among others.
If a company uses $1,510 of its cash to purchase supplies, the effect on the accounting equation would be One asset increases $1,510 and another asset decreases $1,510, causing no effect.
The relationship between an entity's assets, liabilities, and owner's equity are represented by the basic accounting equation, often known as the balance sheet equation. It serves as the system's cornerstone for double-entry bookkeeping. The total debits and total credit for each transaction are equal.
There are three possible arrangements for the accounting equation:
- Assets = Liabilities + Owner's Capital - Owner's Drawings + Revenues - Expenses.
- Owner's equity = Assets - Liabilities.
- Net Worth = Assets - Liabilities.
The accounting equation makes sure that every entry in the books and records is verified and that each obligation (or expense) and its associated source, or each item of revenue (or asset) and its source, can be independently verified.
To know more about accounting equations refer to: brainly.com/question/14689492
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