Answer:
$8,000
Explanation:
Base on the scenario been described in the question, we are to use simple interest to calculate the given problem
We are given
Time = 2years
rate = 8%
Principal = $50,000
Simple interest formula is given below
I = PRT/100
Substituting the values into the question, we have
I = $50,000×8×2/100
I = $800,000/100
I = $8,000
Answer: the time it takes for firms to change all production inputs.(B)
Explanation:
In macroeconomics, the short run is defined as the time horizon when the wages and prices of other inputs to production are inflexible, while the long run is the period of time when input prices have time to adjust.
In the long-run, all factors of production and costs are variable such that firms are able to adjust every costs, whereas, in the short run, the firms only influence prices through the adjustments made to production levels.
Answer:
B. Price Decreases & Quantity Increases
Explanation:
Since natural gas provides heat at a much lower cost, most households will begin to use natural gas and stop buying heating oil because natural gas can serve as a substitute to heating oil at a lower cost. This will result in decrease in price of the heating oil to encourage households to buy, and since more households prefer to go for natural gas, the quantity of the heating oil will increase.
Answer: C. it's a good time to buy the wood.
Explanation:
$500 = 738NZ dollars, therefore 738 NZ dollar ÷ $500 = 1.476NZ dollar
The current exchange rate is $1 = 1.476NZ dollar
10 foot slab costs $5000, Tee Golf Resort will pay $ 3387.53 ($5000/1.476NZ)
if they import wood from New Zealand. Tee Golf Resort will pay less than $5000 if they import Wood from New Zealand at the current exchange rate. This is a Good time for them to import woods
Answer:
indicate that the demand-side effect was greater than the supply-side effect.
Explanation:
In the case when the United States wants to select for legalization the production and chose the marijuana also at the same time it is decided to put a tax on the good now after that the price that paid by the consumers would fall and the amount also fall this would result in sharing the tax burden between the producers and consumers as the demand effect is greater than the supplies effect