Answer: In the second statement
Explanation: Supply and demand are two market forces which determines the price of a commodity. In simple words, the amount of commodity that the consumers are willing to buy at a given price is called demand and the producer are willing to sell is called supply. The situation in which the two are equal is called equilibrium.
If the demand for a product is higher than its supply then its price will increase and vice versa.
Thus, from the above we can conclude that the second statement is correct.
Answer:Chain of command and unity of command help to ensure clear reporting relationships exist and eliminate the confusion caused by multiple, conflicting directives
Answer:
Yes.
Explanation:
Market rate of exchange of jello for pie:
= Price of a piece of apple pie ÷ Price of jello
= $3.75 ÷ $1.25
= 3.00
At his current consumption point, Nick's marginal rate of substitution (MRS) of jello for pie = 3
Since MRS = Px/Py, hence, at this point of consumption bundle he is having a maximum level of utility.
Therefore, there is no need to change his consumption bundle because he is already at his maximum level.
Answer:
$66,909
Explanation:
Calculation for How much must each deposit be (rounded to the nearest $10)?
First step is to calculate the PV using financial y
N= 25
PMT= 200,000
FV= 0
i/y= 9
PV= ?
Hence,
PV= 2,141,322
Now let How much must each deposit be by finding the PMT using financial calculator
N= 15
FV= 2,141,322
PV=0
i/y= 9
PMT= ?
Hence,
PMT=$66,909
Therefore How much must each deposit be is $66,909
Answer:
B
Explanation:
Economic base are businesses that generate employment in a community or a geographical area.
Economic base analysis is a theory that posits that activities in an area divide into two categories:
1) Basic industries are those exporting from the region and bringing wealth from outside.
2)Nonbasic industries support basic industries.
The basic industries of a region are identified by comparing employment in the region to national norms.