Answer: higher; lower
Explanation:
From the question, we are informed that three firms are currently producing and selling in a market. When one of the three firms exits the market, economists expect that there will be a rise in the equilibrium price while there will be a reduction in the equilibrium quantity.
This is because when one producer leaves, there will be less supply of the good that is sold, this will eventually lead to a rise in price.
Answer:
Fore cadet for fourth quarter us $1085
Explanation:
One Quarter = 3 months
Demand for quarter 1 = 325 + 440 + 450 = 1215
Quarter Demand in Each Quarter Weighted Forecast
1 1215
2 1280
3 1125
4 1610
5 1010
6 1220
7 1055
8 1085
Weighted moving Average Forecast = ((0.25 * 1010) + (0.25 * 1220) + ( 0.5 * 1055) = 1085
Forecast for the fourth quarter is 1085
Answer:
a. The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Manuel and Poornima's house.
Identification: Government spending. This is the spending done by government in buying goods and services
b. Poornima buys a new BMW, which was assembled in Germany.
Identification: Imports. These are purchases by domestic consumers from foreign countries
c. Shen in Sweden orders a bottle of Vermont maple syrup from the producer's website.
Identification: Exports. These are purchases by foreign consumers from home countries
d. Manuel's employer upgrades all of its computer systems using U.S.-made parts.
Identification: Investment. It is a part of GDP if made in accumulation of capital and inventory
e. Poornima gets a new video camera that was made in the United States.
Identification: Consumption. This includes consumer's spending on durables and non-durable produced domestically.
A business enterprise is a for-profit entity. there are different ways a business enterprise can be organized for legal and tax purposes. whatever the structure, the common element is the for-profit aspect.