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soldi70 [24.7K]
3 years ago
6

You and a friend go clothes shopping and find a great pair of jeans. They fit you perfectly, but they also cost $100. You are wi

lling to buy them, but you only have $50 in your wallet to spend on new clothes. Your friend likes the jeans and has the money to buy them. The jeans would count as a demand for _____.
1.you, because you are willing to buy them and they fit you perfectly
2.your friend, because he likes the jeans and has the money to buy them
3.both of you, because you both like the jeans
Business
1 answer:
Schach [20]3 years ago
8 0
3. Both of you, because you both like the jeans
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A new faculty member at the local university pays $1,500 per month to rent an apartment in the downtown area. She teaches on cam
Naddik [55]

Answer:

$2,700

Explanation:

Calculation for what should this professor be willing to pay in rent per month

First step is to calculate the Transportation cost per week

Transportation cost = ($25*4 hrs)* 3 per week

Transportation cost =$100*3 per week

Transportation cost= 300 a week

Now let calculate the rent per month

Rent per month= $1500 + ($300*4)

Rent per month=$1,500+$1,200

Rent per month= $2,700

Therefore what should this professor be willing to pay in rent per month to live near campus if her hourly wage rate is $25 will be $2,700

3 0
2 years ago
When President Obama was president he had discussed raising income taxes for individuals earning over $250,000 in income. Explai
Allisa [31]

Answer:

A) Higher income taxes will cause a decrease in disposable income and this will affect personal expenditure which will cause the aggregate demand curve to shift leftwards ( decrease in price level and real GDP )

B)

i) Change in input price

ii) Change in production cost

iii) Increase in labor supply or increase in capital stocks

Explanation:

A) Effects of higher income taxes on aggregate demand curve

i) Higher income taxes will cause a decrease in disposable income and this will affect personal expenditure which will cause the aggregate demand curve to shift leftwards ( decrease in price level and real GDP )

B) The factors that will cause the short-run aggregate supply curve to shift

a) Change in input price

b) Change in production cost

c) Increase in labor supply or increase in capital stocks

7 0
3 years ago
Unemployment rates tend to be highest during periods of: Select one: a. recession. b. expansion. c. recovery. d. stagflation.
Contact [7]

Answer:

a. recession.

Explanation:

hope it helped

3 0
2 years ago
What is quality control?
lilavasa [31]
Quality control is a system maintaining standards in manufacturing products by testing a sample of the output  against the specification. 

Quality control is used to meet or exceed customer requirements and is vital in the manufacturing part of businesses. 

Hope this helped :)
Have a great day   <span />
4 0
3 years ago
Ordinary and necessary business expenses are deductible only to the extent they are also reasonable in amount.
marysya [2.9K]

Answer:

True

Explanation:

According to the IRS:

  • ordinary expenses are expenses that are common and accepted in a company's trade or industry.
  • necessary expenses are expenses that help your company carry on its normal business.

Tax deductible expenses must be ordinary, necessary, and reasonable.

8 0
3 years ago
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