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3 years ago

Consider the market for portable air conditioners in equilibrium. A summer of unseasonably cool weather would cause:

2 answers:

4 0

C.

First consider the effects on demand and supply. What will occr is that demand will decrease and the curve will shift to the left. As a result, if you draw the diagram out, equilibrium price and quantity will decrease.

Thepotemich [5.8K]3 years ago

3 0

Answer:

The correct answer is A. equilibrium price to increase and equilibrium quantity to decrease.

Explanation:

DETERMINANTS OF THE OFFER:

The price of the good: increasing the price of the good will increase the quantity offered and vice versa.
Price of resources and inputs used in the production of the good: As the price of the inputs of a good increases, its supply will decrease and vice versa. When talking about the price of resources and inputs, it refers to the price of labor (wages), price of raw materials, energy prices, interest rates, etc.
Production technology: by improving technology in production, the supply of a good will increase.
Expected future prices: If the price of the produced good is expected to increase in the short term, the offer will increase, and vice versa.
Number of bidders: With a larger number of bidders the offer of a good will increase and vice versa.

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Answer:

Sample size is 16

Mean 4

Standard deviation of the sample is 0.3.

Explanation

The Central Limit Theorem estabilishes that, for a random variable X, with mean $\mu$ and standard deviation $\sigma$ , a large sample size can be approximated to a normal distribution with mean $\mu$ and standard deviation $\frac{\sigma}{\sqrt{n}}$ .

In this problem, we have that:

The population has a mean of four hours, with a standard deviation of 1.2 hours. The sample is the 16 of the employees.

The sample size is 16, so $n = 16$

The mean of the sample is the same as the population mean, so $\mu = 4$ .

The standard deviation of the sample is $s = \frac{\sigma}{\sqrt{n}} = \frac{1.2}{4} = 0.3$

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3 years ago

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In Cafeteria plan plans, the employer allocates a certain amount of money to each employee and lets the employee spend that money for benefits that suit him or her.

<h3>Work of Cafeteria Plan</h3>

Although it has nothing to do with food, a cafeteria plan receives its name from a cafeteria. Before payroll taxes are calculated, employees can select the benefits of their choosing from a pool of possibilities supplied by their employers, just like people make meal choices in cafeterias. As workforce diversity increases and workers look for more individualized benefits that are catered to their requirements, these plans become increasingly beneficial.

The insurance choices available under cafeteria plans include contributions to health savings accounts (HSAs), group term life insurance, and disability insurance.

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Your answer should be 90 percent.

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3 years ago

The process through which an economy's production possibilities curve shifts outward is: Group of answer choices investment. ful

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Resource renewal is the process through which an economy's production possibilities curve shifts outward.

<h3>What is the production possibilities curve?</h3>

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When the curve is shifted outward or outside it indicates that there is a need for resources to be renewed.

Therefore, Resource renewal occurs when the economy's production possibilities curve shifts outward.

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