Answer: When a market price allocates resources, everyone who is able to pay the price gets the resource.
Explanation:
The market allocates prices to goods and services based on the scarcity of the said goods and services. This means that regardless of how scarce a good is, you can get it if you are willing to pay the price that it is being offered at.
For instance, if the price of tomatoes suddenly went up from $4 to $12 per pack, it means that tomatoes are now more scarce and not many people can afford it. If you can afford that $12 however, you will be able to get the tomatoes despite how scarce it is.
Answer:
Explanation:
The diagram and step by step solution to the answer can be seen in the attached image below
KINDLY NOTE: Self Employment tax (<u><em>which can be said to be a Medicare tax and Social Security paid by self-employed individuals. It is quite similar to the FICA and usually, they are withheld from an employee’s paycheck Medicare taxes and Social Security purposes.)</em></u> is not applicable to both and the AMT is less then the actual normal tax liability so AMT provision also not applicable.
The APR is greater than the APOR threshold; hence, it is an example of higher priced loan.
<h3>What is
APOR?</h3>
APOR means authorized persons outside of residence and are used by government since the first lockdown in March 2020.
APOR threshold = Current APOR + 1.5%
APOR threshold = 4.672% + 1.5%
APOR threshold = 6.172%
The given APR in question is 6.474%.
In conclusion, the APR is greater than the APOR threshold; hence, it is an example of higher priced loan.
Read more about APOR
<em>brainly.com/question/13834243</em>
Answer:b) the employer pays his employees year end bonus according to how the business does and his observation of the employees efforts
Explanation: The best payment system to overcome moral- hazard problem by employers is to pay by piece rates.
Piece rates or payment by result system is a payment system where employees are paid in proportion to the efforts and the overall business performance. With this system both employees and employers will be satisfied with the outcomes and will in turn prevent any suspicions from the employees since the system is clearly understood by both parties and a mutual relationship we be created.
Answer:
The number of adult tickets is 371.
The number of children's tickets is 629
Explanation:
Let A be the number of adult tickets sold and C be the number of children's tickets sold. The following linear system can be modeled based on the information provided:
Solving the linear system:
The number of adult tickets is 371.
The number of children's tickets is 629.
