Answer:
B. the relationship between the price of a commodity and the quantity produced.
Explanation:
Supply curve shows a graphical representation between the price of a good sellers are willing to offer and the quantity they are willing to supply.
There could be an inward or outward shift of a supply curve. An inward shift shows a decrease in the quantity supplied while an outward shift shows an increase in the quantity supplied.
There is also a movement along the supply curve which occurs when there is a change in quantity supplied as a result of change in price . Factors that shift the supply curve either to the left or right are ; technology, input prices, number of sellers etc.
Sales account is least likely to have a subsidiary ledger, so the correct answer is (a).
All sales transactions are documented in a sales account. Both credit and cash sales are included in this. The net sales amount that appears at the forefront of the income statement is determined by adding the account total to the sales returns and allowances accounts. A current client could also be referred as a sales account. A customer becomes a marketing account once a sale has been made to them. In order to arrive at a number referred to as net sales, the achieve business is typically merged with the returns and allowances account.
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Answer:
B. $2,250
Explanation:
Given
Tax = $15
Equilibrium quantity = 300
Therefore,
Deadweight loss from tax = (300 × 15) ÷ 2
= 4500 ÷ 2
= $2,250
Explanation:
Grameen bank is one of the pioneers in the world of Micro Finance Institutes, which not only provides the poor with access to financial capital but also helps them build a better business which allows them to escape from the poverty cycle. This lead to an overall upward economic movement in the society, improving the economic condition of a country as a whole. Through these micro finance loans, a number of SMEs (Small and Medium Enterprises) emerges which further provide employment opportunities to other people thus starting a virtuous cycle of economic growth.
As the economic condition of the poor becomes better, these poor people inturn becomes customer for these business for other products thus being a huge source of profit.
Answer:
practice at least two times per day