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2 years ago

Achieving market equilibrium typically indicates what in a market?

Business

1 answer:

loris [4]2 years ago

4 0

Answer:

Market Equilibrium is termed as the state of the market where supply of the goods becomes equal to the demand of those good, when this supply and demand comes parallel, it is said that the market has achieved the market equilibrium. One condition which needs to provided is that the external factors should remain constant. At market equilibrium, the price of the goods remain constant, therefore, people continue purchasing the products in the same quantity which in return balances the supply side further and equally,

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GDP is $12 trillion this year in a closed economy. Consumption is $8 trillion and government spending is $2 trillion. Taxes are

Cloud [144]

Answer:

$2 trillion

Explanation:

In a closed economy GDP is $12 trillion

Consumption is $8 trillion

Government spending is $2 trillion

Taxes is $0.5 trillion

Therefore the investment spending can be calculated as follows

= $12 trillion - $8trillion-$2trillion

= $2 trillion

Hence investment spending is $2 trillion

8 0

2 years ago

The amphibians have loose fitting skin. this helps them with which of the two major challenges for transition to land?

Varvara68 [4.7K]

The loose fitting skin is one of the defining characteristic of the amphibians in which the toad, frog and almost any other creature in between belong. Some of the many useful and sophisticated purpose of this are: (1) helping with respiration, (2) prevention of hydration loss, (3) easy locomotion. This enables the animals to easily adapt to the environment once it shifts to the land from the water bodies.

4 0

2 years ago

Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can

bixtya [17]

Answer:

Georgeland has an absolute but not a comparative advantage in producing clothing.

Explanation:

Absolute advantage is defined as the ability of a firm to produce higher amounts of a product as a result of use of the same resources with other competitors. It is usually bad a result of more efficient production process.

Comparative advantage is the ability of a firm to produce goods at a lower opportunity cost. Therefore they are able to sell at lower price compared to competitors.

Georgeland can produce 18 units of clothe per year while Alland can produce 16 units per year, so Georgeland has absolute advantage.

In producing clothes Georgeland has opportunity cost of 36 units of food which is higher than that of Alland which is 32 units of food. So Georgeland does not have comparative advantage in producing clothes.

3 0

2 years ago

On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four useful

Ymorist [56]

Answer:

$10,000

Explanation:

Depreciation is charged to every asset based on the life and usage of such asset.

Straight line depreciation method charges equivalent depreciation each year of the useful life of the asset.

Here, as provided straight line depreciation = $\frac{Cost\ of\ asset\ - Salvage\ value}{Life\ of\ asset}$

Here, cost of asset = $48,000

Salvage value = $8,000

Thus, numerator in fraction = $48,000 - $8,000 = $40,000

Useful life of the asset = 4 years

Therefore, depreciation expense for each year = $\frac{40,000}{4\ years} = 10,000$

It will be same for each year, therefore, depreciation expense for year 2 = $10,000

3 0

2 years ago

. A building owner charges net rent of $20 in the first year, $21 in the second year, and $22 in the third year, but is providin

Anit [1.1K]

Answer: $17.28

Explanation:

6 month free concession in first year drops rent to:

= 20 / 2

= $10

Effective rent = [Present value of Year 1 rent + Present value of Year 2 rent + Present value of Year 3 rent ] / [ 1 - (1 / (1 + rate)^ number of years) / rate]

= [(10 / (1 + 10%) ) + (21 / (1 + 10%)²) + (22 / (1 + 10%)³)] * [1 - (1 / (1 + 10%)³/ 10%)]

= (9.09 + 17.355 + 16.5289) / 2.48685

= $17.28

8 0

2 years ago