Answer:
It should be greater than $36
Explanation:
The opportunity cost of working is the amount of money sacrificed or could have earned if the individual was not working. In this case, Claire has decided to go with her friend which means that the opportunity cost of not working is less than the benefits receives from going out. Because she is not working it means that the opportunity cost of working is more than 36 dollars, which is the income she could have earned in 3 hours.
Answer:
a. The unemployment rate in the United States was 9.7 percent in March 2010 - Macroeconomics
b. A U.S. software firm discharged 15 workers last month and transferred the work to India - Microeconomics
c. An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise - Microeconomics
d. U.S. output, adjusted for inflation, decreased by 2.4 percent in 2009 - Macroeconomics
e. Last week, Wells Fargo Bank lowered its interest rate on business loans by one-half of 1 percentage point - Microeconomics
f. The consumer price index rose by 2.7 percent from December 2008 to December 2009 - Macroeconomics
Answer:
e. 10.77 percent
Explanation:
The computation of the cost of preferred stock is shown below:
Cost of preferred stock = Annual dividend paid ÷ Price of preferred stock per share
= 0.07 × $100 ÷ $65
= 10.77%
Simply we divide the annual dividend after considering the par value per share by the price of preferred stock per share so that the correct cost of preferred stock can be computed
Answer:
The correct answer is: rise; Shift the long-run aggregate supply curve to the left (letter "C").
Explanation:
The supply curve portraits the interaction between the price of a good or service and the quantity supplied. The higher the price, the lesser the quantity provided will be and vice versa. In the graph, the price appears in the vertical axis while the quantity in the horizontal axis. If higher the price, the curve will move to the left. If higher the quantity, the curve will move to the right.
In the example, as the wages (<em>price</em>) will be higher, the number of jobs offered (<em>quantity</em>) will decrease, causing the unemployment rate to increase. As high as the wages are in the long term, they will drag the supply curve to the left in the graph.
