Answer:
The correct answer is the second option: respond to prices; determines the price.
So the final statement will be:
The demand and supply curves show how buyers and sellers respond to prices; the interaction of buyers and sellers determines the price.
Explanation:
To begin with, in the microeconomics theory both the demand and supply curves are economic functions that are represented in the graphic in order to give a better understanding of what is going on in the reality of the economy out there. So that means that they are both determine by the quantity demanded or supplied and the price, the relation between those two components. And regarding that, they both will show how the buyers and sellers respond to prices. Moreover, their interaction will determine the price as explained before.
Answer: d. Liza faces economies of scale; Sam faces diseconomies of scale; Tina faces constant returns to scale
Explanation:
Economies of scale occurs when the increase in production by companies brings about a reduction in cost. Diseconomies of scale is when a rise in production leads to an increase in cost as well. For a constant return to scale, the cost remains the same.
Therefore, the answer will be option D "Liza faces economies of scale; Sam faces diseconomies of scale; Tina faces constant returns to scale".
Answer:
your scroll wheel or pg up or pg down button
Explanation:
Answer:
We need 11 deposits of $ 5,268.735 per year to achieve our desired retirement plant.
Explanation:
Present value of the retirement plan in 11 years:
C 14,000.00
time 16
rate 0.12
PV $97,635.8061
We need to get that amount in 11 year at 10% annual rate:
FV $97,635.8061
time 11
rate 0.1
C $ 5,268.735
