Answer:
externalities
Explanation:
Based on the scenario being described within the question it can be said that this provides the location-specific advantage of externalities. This term refers to the consequences/benefits incurred from third party activities whether or not you are part of that industry or market. Which in this case having all the companies in a specific location allows them to benefit from one another without there being an intent to.
Answer:
B. Payroll record
Explanation:
Payroll record is a record in an organization showing the list of employees in that organization along with payments due to every employee in the organization for a specific pay period. It shows the number of hours worked, average pay rates, and deductions for each employee present in the organization. From the description detailed in the question, the record described is most likely a payroll record. In summary, it's a documentation showing under what criteria are the employees of an organization paid.
Answer and Explanation:
An increase in the number of firms increases the demand elasticity. As the demand elasticity increases from 2 to 3 it means you could encounter less demand if product prices are increased. At a demand elasticity of -3, it is regarded as inelastic demand and a change in price will not affect the demand for the product as customers are still likely to patronize the product example gasoline. Due to its high demand, an increase in price will not readily affect the demand for it. Therefore if you are to change the price from $10 at 2 to 3 demand elasticity increase, the percentage of increase from 2 to 3 is given as.
3-2/2 X 100 = 50%
The new charge (x) at -3 demand elasticity = 50%/3 = 0.66666666
The increase in the new charge is therefore $10 + $10x = $10 + $10(0.166666) = $11.67
Answer:
proportional
Explanation:
In a proportional tax system, the same rate is applied to all tax payers.
In this question, both bill and Paul pay 10% of their income as tax.
In a progressive tax, tax rate increases as taxable income increases.
In a regressive tax, tax rate decreases with increase in taxable income.
I hope my answer helps you
Answer: B. $900; $1000
Explanation: This would be the answer because you are spending more than you can afford to pay, and are likely being the victim of predatory lending.