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4 years ago

Law based on documents setting forth the general organization, powers, and limits of the government is called

1 answer:

3 0

Law based on documents setting forth the general organization, powers, and limits of the government is called: constitutional law
This law basically describes the role and structure of Government's entities, whether its the executive branch, legislative branch, or the judiciary within each state.

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Firms producing an identical product in a perfectly competitive market are producing at a quantity that maximizes profit. The cu

Wewaii [24]

Answer:

The correct answer is Profit.

Explanation:

According to the scenario, the given data are as follows:

Current market price = $4.50

Long run average cost = $3.50

As we know the following terms of the market, i.e

If market price is greater than the cost, than it will give profit
if market price is lower than the cost, than it will give loss.

Hence, from the above statement, as the firm is showing the greater market price and lower cost it will result is Profit to the firm.

6 0

3 years ago

On January 1, 2007, Nichols Company's inventory of Item X consisted of 2,000 units that cost $8 each. During 2007 the company pu

timama [110]

Answer:

For the cost of goods sold, the company made around $42,435

Explanation:

Solve cost of goods for Jan. 1st:

2000 units × $8

$16,000

Solve for cost of goods during 2007:

5000 units × $10

$50,000

Use the formula for weighted-average cost:

WAC per unit = cost of goods available for sale / units available for sale

WAC per unit = 16,000 + 50,000 / 2000 + 5000

WAC per unit = 66,000 / 7000

WAC per unit = 9.42857..... I will round to a dollar value

WAC per unit = 9.43

For cost of goods sold:

4,500 × 9.43 (please keep in mind 9.43 is a rounded number)

$42,435

8 0

3 years ago

Read 2 more answers

In 2014, the city of Miketown collected $150,000 in taxes and spent $350,000. In 2014, the city of Miketown had a

Damm [24]

Answer:

Budget deficit of $100,000

Explanation:

Calculation to determine how much the city of Miketown had

Budget deficit=Amount collected in taxes - Amount spent

Let plug in the formula

Budget deficit=$250,000-$350,000

Budget deficit =$100,000

Therefore in 2014 the city of Miketown had a BUDGET DEFICIT of $100,000

8 0

3 years ago

The owner of a small business borrowed $70,000 with an agreement to repay the loan with quarterly payments over a five year time

siniylev [52]

Answer:

His loan payment each quarter is nearest to $4,705.10.

Explanation:

Using a Financial Calculator enter the following data and find PMT, the loan payment each quarter

Pv = $70,000

n = 4 × 5 = 20

r = 12%

P/yr = 4

Fv = $0

Pmt = ? - $4,705.10

Thus PMT, the loan payment each quarter will be $4,705.10.

8 0

3 years ago

Professor Green teaches environmental economics at the local university. Students learn that the professor has also written book

Finger [1]

Answer: c. a microeconomist.

Explanation;

Professor Green writing books about labor laws when taken in isolation is not enough proof that he is a microeconomist because even though labor markets and laws fall mostly under microeconomics, they should also be viewed from a macro level as well considering how unemployment affects the economy as a whole.

However, if Professor Green teaches environmental economics as they indeed do, Green is probably a micro-economist because Environmental economics traditionally falls under Microeconomics.

6 0

3 years ago