Answer:
The correct answer is option A.
Explanation:
The income effect refers to the change in the quantity demanded of a commodity due to change in the price level because, consumer's purchasing power changes as well.
When the price level increases, the real income of the consumer will fall. As a result, the consumer will demand less.
The income effect can be both direct and indirect.
Answer: Friendly's would say that you were paying an APR of 1485.71%.
We arrive at the answer as follows
First we calculate the dollar interest on the $7 loan and the rate of interest.
This 28.5714% interest is for a loan that lasts for one week.
Since a year has 52 weeks, we can find the APR as 
.
Answer:
<u>Cash Budget for the First Quarter.</u>
Total Receipts :
Collections From Customers $188,700
Sale of Equipment $3,060
$191,760
Total Payments :
Direct materials $43,860
Direct labor $71,400
Manufacturing overhead $35,700
Selling and administrative expenses $45,900
Purchase of securities $14,280
$210,840
Net Receipts / (Payments) ($19,080)
Opening Balance $30,600
Closing Balance $11,520
Required Balance $25,500
Loan (Shortfall) $14,250
Explanation:
A cash budget shows a future estimate of future cash incomes and cash expenditures.
Answer:
American Society of Mechanical Engineers
Answer:
The town should provide the additional mosquito control only if the marginal benefit generated for the residents of Falls Valley is equal to or greater than $100,000.
Explanation:
The town must use the same logic as any business, they only increase their activities when MR ≥ MC, in this case the marginal revenue equals the benefits generated by the mosquito treatment.
