Answer: B. The firm hires 45 workers and earns a $1200.00 Economic Profit
Explanation:
According to the table, when the Market Equilibrium Wage Rate is $105, the number of workers to hire would be 45 and the revenue would be $7,425.
If 45 workers are hired, they would cost:
= 45 * 105 per worker
= $4,725
Added to the fixed cost, the total cost would be:
= 4,725 + 1,500
= $6,225
The profit would be:
= Revenue - cost
= 7,425 - 6,225
= $1,200
Answer:
the equilibrium exchange rate between 2 currencies is determined by the supply and demand in the money market
Explanation:
equilibrium exchange rate indicates that the price of exchanging 2 currencies will be stable. equilibrium exchange rate is exchange rate at which the demand for a currency & the supply for the same currency are the same.
Answer:
The correct option is that it reveals when customer intends to pay outstanding balances
Explanation:
Such analysis of separate accounts receivable information for each customer, no doubt,shows how much credit purchases individual customers have made in order to see at a glance the amount receivable from them individually.
Also,the amount paid thus far is also shown alongside the total credit purchase amount in order to arrive at customers' outstanding balances that the company to chase in order to ensure a liquid cash position overall.
However, the analysis does not include information on when customers intend to make payment but rather includes the dates payments are expected from customers i.e due dates
The term "Ceteris paribus" means the notion that all variables except those under immediate consideration are held constant for a particular analysis.
<h3>
What is Ceteris paribus?</h3>
It is a Latin phrase that means "all other things being equal", but in economics, it means the indication of the effect one economic variable has on another provided all other variables remain the same.
Hence, the phrase means the notion that all variables except those under immediate consideration are held constant for a particular analysis.
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