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3 years ago

Economists emphasize importance equilibrium markets because

1 answer:

3 0

Because the conduct of purchasers and merchants will naturally manage the market toward the balance cost and amount.
Economic equilibrium is a condition or state in which financial strengths are adjusted. Financial harmony may likewise be characterized as the time when supply measures up to interest for an item, with the balance cost existing where the theoretical free market activity bends cross.

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Assume the price of gasoline doubles tonight and remains at that price the next two years. The price elasticity of demand for ga

enyata [817]

Answer:

The correct answer is letter "D": more inelastic.

Explanation:

When its price changes, the supply, and demand for an inelastic good or service are not dramatically impacted. Whether the price of an inelastic product goes up or down, the buying habits of consumers remain roughly the same. Prescription drugs, food, clothing, and gasoline are common examples of inelastic goods.

Thus, if the price of gasoline doubles tonight, that price would be considered more inelastic tomorrow compared to the current price until today than comparing the doubled price during the course of the upcoming two years.

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3 years ago

In some games, one player or firm moves first and commits to a strategy to which the rival player or firm will subsequently resp

Leni [432]

Answer:

C. sequential games.

Explanation:

Game theory is the learning of analytical types of mediation, ambivalence, and interaction between people, corporations, and governments. In-game theory, a sequential game means any game where an individual contestant picks their move before rest of the performers pick theirs. Importantly, the following performer's necessity has fascinating erudition regarding the first's selection, contrarily, the variation in period would have no strategic effect.

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3 years ago

Consider a portfolio manager with a $20,500,000 equity portfolio under management. The manager wishes to hedge against a decline

love history [14]

Answer:

Assume that a month later the equity portfolio has a market value of $20,000,000 and the stock index future is priced at 1150 with a multiplier of 250. Calculate the profit on the equity position.

Calculate the overall profit.

$1,550,000

Explanation:

Assume that a month later the equity portfolio has a market value of $20,000,000 and the stock index future is priced at 1150 with a multiplier of 250. Calculate the profit on the equity position.

Calculate the overall profit.

The manager should be short on the stock index futures because the position on the equity portfolio is long.

Number of contracts required to hedge

= [$20,500,000/(1250*250)] * 1.25 = 82 contracts

Profit on the equity portfolio

= $20,000,000 - $20,500,000 = -$500,000

Profit on the stock index future

= [(1250)(250) – (1150)(250)] x 82 = $2,050,000

Overall profit

= $2,050,000 - $500,000

= $1,550,000

therefore, the overall profit is $1,550,000

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3 years ago

In order to compute equivalent units of production using the FIFO method of process costing, work for the period must be broken

Artist 52 [7]

Answer:

The correct option here is C) units in the beginning work in progress period which were completed , units which were started and completed, and units in ending work in progress.

Explanation:

FIFO ( First in first out ) method is used to take out the cost per unit when doing process costing, in this method it is assumed that the inventory which were not finished during the beginning of period would be first completed and then new shall be started.

To take out the equivalent cost per unit under the FIFO method we will add the units which were completed in the beginning plus units which were started and completed during the period and plus the units which are left in ending work in progress.

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3 years ago

Kyle's checking account requires that he maintain a minimum balance of $3000 to avoid a monthly service fee, and his balance at

Crank

C. No, because his lowest balance so far this month has been $2989.30

Start with 3202.93 and add 436.37 = 3639.30 

Then take 650 away (3639.30 - 650 = 2989.20) 

It says that he must maintain a minimum of 3000 so when the check cleared he went below this amount. (just verified on apex)

7 0

3 years ago

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