Answer:
C. Substitutes and the higher price for oil increased the demand for natural gas.
Explanation:
In 2007, the price of oil increased, which in turn caused the price of natural gas to rise. This can best be explained by saying that oil and natural gas are substitutes and the higher price for oil increased the demand for natural gas.
Substitute goods are goods that can be used in place of another good because they serve the same purposes.
The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.
Generally, consumers would like to be buy a product as its price falls or become inexpensive.
For substitute products (goods), the price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.
Answer:
GDP by expenditure method=C+I+G+X-M
=6300+2300+4521+3120-200
=$16,041 billions
GDP at MP by income method= wages+ rent+ interest+ Corporate profit+ Proprietor income+ Depreciation+ indirect business tax
=8174+365+903+1895+1343+1987+1341
=$16,008 billions
Statistical discrepancy= GDP by expenditure method - GDP by income method
=16,008-16041
=$33 billions
Answer:
957 pounds of pepperoni
Explanation:
In this problem, orders (T) are being taken every 5 weeks while the delivery (L) is approximately 4 weeks. Given a probability of 98 %, we can estimate that the area [F(z)] under the ' z' left side of the normal distribution curve is 0.98. Therefore,
0.98 - 0.50 = 0.48, using the standard normal table, for an area of 0.48, the value is 2.055. Thus, the pounds pepperoni (Q) that will be ordered:
Q = 130(5+4) + 2.055(120) - 460 = 1170 + 246.6 - 460 = 956.6
Approximately 957 pounds of pepperoni.
Answer:
$7,840
Explanation:
The terms 2/10, n/30 means that if the amount is paid in maximum 10 days, the client will receive a 2% discount. If he/she doesn't make the payment in this period, the total amount has to be paid within 30 days.
As Stationary Company returned merchandise with an invoice amount of $1,100, you have to subtract this amount from the initial value of the merchandise they purchased:
$9,100-$1,100= $8,000
Then, you have to calculate the 2% discount they will get from the $8,000 for paying the invoice within the discount period:
$8,000*2%= $160
$8,000-$160= $7,840
According to this, the answer is that the amount of cash required for the payment is $7,840.
Answer:
At-will Employment
Explanation:
At-will employment is a law used in the US that gives employer the power to fire an employee at anytime, without any real wrongdoing as long as the reason isn't illegal.
This at-will employmet makes it difficult for the court to help such employers claim their benefits because of that law.
I hope this helps.
