Answer:
c. People who buy fly fishing equipment for fishing trips
Explanation:
the product market is the marketplace in which final goods or services are offered for purchase by businesses and the public sector. Focusing on the sale of finished goods, it does not include trading in raw or other intermediate materials.
Answer:
=$3700
Explanation:
Given
2019 net capital loss = $15,000
2017 net capital gain = $6,300
2016 net capital gain = $5,000
The net capital loss is first carried back to 2016 as $5,000 and deducted against net capital gain. The 2017 net capital gain of $6,300 is offset next. There will be no carryback in 2018 because Tatoo Inc. Realized a net operating loss
Therefore the remaining capital loss carryover = 2019 net capital loss - 2016 net capital gain - 2017 net capital gain
= $15,000 -$5,000 - $6,300
=$3700
Answer:
d. Relatively smaller shortages in the short run than in the long run because supply and demand tend to be more inelastic in the short run than in the long run.
Explanation:
"The adverse effects of rent control are less apparent to the general population because these effects occur over many years. In the short run, landlords have a fixed number of apartments to rent, and they cannot adjust this number quickly as market conditions change. Moreover, the number of people searching for housing in a city may not be highly responsive to rents in the short run because people take time to adjust their housing arrangements. Therefore, the short-run supply and demand for housing are relatively inelastic."
Reference: Gans, J., King, S., & Mankiw, N. G. (2011). Principles of microeconomics. Cengage Learning.
Answer:
e). all of the above
<u>Multiple-choices</u>
a). working capital
b). current ratio
c). quick ratio
e). all of the above
Explanation:
Working Capital is the difference between the total current asset and current liabilities. I.e., working capital = total current assents - total current liabilities. It is calculated to assess a company's ability to pay its current liabilities.
The Current Ratio is calculated using the formula below.
current ratio= total current assets / total current liabilities. It measures the company's ability to meet its current liabilities with its current assets.
Acid-test Ratio (Quick Ratio) evaluates a company's ability to meet its current liabilities using cash or cash equivalents only. It measures the ability to repay current debts without having to sell inventory.
Quick ratio or acid test is calculated as follows= (cash + short-term investments + receivables) / total current assets
Answer:
b. opportunity cost
Explanation:
<u>The opportunity cost is a term for a process when one thing is chosen and the other alternatives are lost as a cost. </u><u>This is one of the key concepts in economics</u>, as it explains the gain, costs, benefits, and choices. It doesn’t only have to refer to the money cost, but to any loss, that is made during the process of choosing between the alternatives.
The profit and benefits of other choices are lost by making a decision to chose one thing, and benefiting it from it alone.
