Answer:
Which of the following is true if the production of a good gives rise to a positive externality?
The demand curve for the good shifts to the right in the presence of positive externalities.
Explanation:
Answer:
Trade secret
Explanation:
A trade secret refers to things like a process, formula or design that a company owns that have an economic value and provide a competitive advantage and that are known only by certain people inside the organization. According to this, the answer is that in the business world, a trade secret is recognized as a legally acceptable way for any business to keep knowledge of its particular methods of production from being known by competing firms because trade secrets refer to intellectual property that allows the organization to have a competitive advantage and they are maintained as a secret to avoid competing firms to copy its methods.
Answer and Explanation:
The preparation of the bank reconcillation statement is shown below:
<u>Balance per banks $9,812 Balance per books $9,345</u>
Add: Add
Deposit in transit $1,244 Interest $110
Less: Less:
Outstanding checks -$1,906 Bank charges -$38
Error correction -$267
($622 - $355)
Reconciled balance $9,150 Reconciled balance $9,150
Answer:
$603,500
Explanation:
Calculation to determine the total dollar amount classified as current assets.
Using this formula
Current asset=(Cash + Account receivable + Inventory + Prepaid insurance)
Let plug in the formula
Current assets=$200,000+$155,000+$160,000+$88,500
Current assets=$603,500
Therefore the total dollar amount classified as current assets is $603,500
Answer:
Consumers buy more personal computers because prices have fallen.
Explanation:
Demand is the willingness to buy a good or service and the ability to pay for it, must have both elements for demand to exist.
In economics, the law states that, all else being equal, as the price of a product increases, quantity demanded falls; likewise, as the price of a product decreases, quantity demanded increases.
In other words, the law of demand states that the quantity demanded and the price of a commodity are oppositely related, other things remaining constant.
If the income of the consumer, prices of the related goods, and preferences of the consumer remain unchanged, then the change in quantity of good demanded by the consumer will be negatively correlated to the change in the price of the good.
