Answer:
$1.25
Explanation:
According to the quantity theory of money
money supply x velocity = real gdp x price
7 x 60 = 336 x p
p -1.25
velocity measures how fast money changes hand in the economy
real GDP is gdp adjusted for inflation
Answer:
$25,000 by charging consumers with more elastic demand only $5 and keeping the price for consumers with less elastic demand at $10
Explanation:
Price discrimination refers to the differentiation in the price of the product for every consumer that means the company charged different prices from the different customers
Also, in this it charges from the consumers having more elastic demand at less price. Here 2,000 units are purchased at $10 and the 1,000 units are purchased at $5 so the total quantity demanded is 3,000
The 25,000 units come from
= 2,000 ($10) + 1,000 ($5)
= 20,000 + 5,000
= 25,000
Answer:
Private individuals.
Explanation:
In a free enterprise system, the decisions about what and how many goods and services will be produced are made by private individuals.
Free enterprise system is an economic system in which the ownership and control of means of production (resources) and distribution of goods and services are determined by private individuals. Here, private individuals decide what, how and for whom to produce while the government does not interfere in economic activities. The allocation of resources and price determination are influenced by the forces of demand and supply called price mechanism, which Adam Smith referred to as 'Invisible Hand'.
Free enterprise system is also known as Capitalist economy, Capitalism and Free market system. Countries that practice more of free enterprise system are Singapore, New Zealand, Hong Kong, Australia and Switzerland.
Answer: Leased employee
Explanation:
Leased employee are employed by a service firm and assigned to work at a business or an organization.
They are contractual employee and paid on the basis of what is deemed in contract.
Inspection would be your answer. I hope this helps!
