An increase in the demand for corn is more than offset by an increase in its supply. as a result the equilibrium price will DECREASE <span>and the equilibrium quantity will INCREASE</span>
Answer:
The answer is: Each salesperson will receive $1,250
Explanation:
The total commission for this sales operation is $10,000 that will be split equally between the two brokers, so each broker will get $5,000. If the broker hired a salesperson and will pay him 25% of their commission, you must multiply $5,000 x 25% to find out the salesperson´s earnings. For this sale it is $1,250.
Write in capital letters and no punctuation, and be sure that all information is within the required box, check for typographical errors that might cause the claim to be rejected.
Answer: The correct answers are "A. Accept" and "$ 0.01".
Explanation: Given that we talk about optimal strategy when maximizing the expected profit by the player:
In the first case It is convenient to accept the proposal and keep $ 0.12, instead of rejecting it and running out of nothing.
And in the second case it is convenient to give the classmate as little as possible so that he accepts and we have a greater profit.
Answer:
A. higher; C-CP
Explanation:
As the exercise says, John wants students to see that food and energy prices have risen more rapidly than other market items used in the Consumer Price Index (CPI) calculation. He wants students to see the increase in the core inflation, because food and energy are the main expenses of people. But for CPI calculation there are other items to consider. So the core inflation will be higher than the CPI (inflation, considering all items), as food and energy prices increased more than the other products considered in the CPI.
The second part of the excersise says that there might be substitution, that is people consuming less expensive goods or services, which will lead to a change in the measuring of the C-CPI as the prices to consider will be lower, so C-CPI will be less