Answer:
C. Jim produces 20 jackets a day in his garment factory and hires labor used to produce that profit maximizing quantity
Explanation:
Derived demand is when the demand for a good or service is as a result of demand for another good or service.
Derived demand is when there's a demand for a factor of production or intermediate good as a result of demand for a good or service.
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Answer
The correct answer is C. 362
Explanation
The formular for calculating the number of shares will follow the below step
Number of Xyz share for Nick=Total dividend paid per year/the dividend on a single share
Total divident paid=$1567.46
Divived on a single share=$4.33
Total number of shares=$1567.46/$4.33=362 shares
The primary reason why the government taxes economic activities is to generate revenue in order to pay for services rendered t the citizens.
<h3>What is Tax?</h3>
Tax is a mandatory financial charge or levy imposed on taxpayers by a governmental organization in order to generate revenue to fund government spending.
Taxes are imposed on economic activities primarily to generate revenue for the government and fund government spending. Thes taxes are used to build infrastructures and pay workers.
Learn more about Tax here:
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