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pogonyaev
3 years ago
8

Which of the following is a positive economic​ statement? A. Everyone should live at the same standard of living. B. If the pric

e of gasoline​ rises, a smaller quantity of it will be bought. C. The government should close income tax loopholes. D. U.S. firms should not be allowed to outsource production of goods and services.
Business
1 answer:
Ray Of Light [21]3 years ago
3 0

Answer:

B. If the price of gasoline​ rises, a smaller quantity of it will be bought.

Explanation:

A positive economic statement is the one which is based on the facts and it can be verified based on different facts established, or studies.

Whereas, a normative economic statement is the one which focuses on providing a suggestion, or an opinion of an economists for the economy, and cannot be verified.

Since statement B clearly states the fact related to the pricing policy of gasoline, and the effect which can be verified, thus, it is positive economic statement.

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Explanation:

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Symon's Suppers Co. has announced that it will pay a dividend of $4.23 per share one year from today. Additionally, the company
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Answer:

$68.23

Explanation:

In this question, we apply the dividend growth rate model which is shown below:

The computation of the current share price is shown below:

= (Current year dividend) ÷ (Rate of return on company stock - growth rate)

= ($4.23) ÷ (10.6% - 4.4%)

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3 years ago
marginal cost _____ over the range of increasing marginal returns and _____ over the range of diminishing marginal returns.
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1 money

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Explanation:

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If a company purchases equipment costing $5,100 on credit, the effect on the accounting equation would be:
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Answer:

assets increase $5,100 and liabilities increase $5,100

Explanation:

Assets are the items that a company owns which can provide future economic benefit.

Liabilities are future sacrifices of economic benefits that an entity is obliged to make to other entities as a result of past transactions or other past events, hence Liabilities are what a person or company owe other parties.

If a company purchases equipment costing $5,100 on credit, the assets of the company will increase by $5100 as a result of acquiring an equipment. Also, the liability will increase by $5100 as a result of debt owed.

4 0
3 years ago
Suppose Balin has $100 to invest in an opportunity that returns, for every $100 invested, $120 if it goes well but only $80 if i
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Answer:

D) 200 percent profit; 100 percent loss.

Explanation:

There is a 50% chance that the company will make profit (20% profit) and 50% chance that it will lose money (20% loss).

Balin borrows $90 and invests $10 from his own money.

50% profit chance = $120 - $90 = $30 (200% profit)

50% loss chance = $80 - $90 = -$10 (100% loss)

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3 years ago
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