Laissez faire model was inspired by John Stuart Mill's book "Principles of Political Economy" (1848). This model states that the government should not be heavily involved in the market, and should have a hands off approach.
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<span>economics. This is the correct answer because economics deals with how money and interest rates are tied to political, social, and corporate decisions. In this situation interest rates (money) of cars are houses are influenced by the fed (the government) which explains why this is an economics question.</span>
Answer:
The correct answer is b) $4.
Explanation:
This is simple problem, it requires us to to tell expected profit. We know that profit is equal to revenue minus expense. So in question revenue is given as $ 8 and cost is $ 4. So the profit would be
Profit = Revenue -Cost = 8 - 4 = $ 4
Answer:
what was the company’s revenue for 2022?
$3802000
Explanation:
Beginning RE + Net Income (Profit or Loss) – Dividends = Ending RE
retained Earnings 928000
begining Equity 1285000
issued 1262000
Pid dividens 242000
928000+profit-3500000-242000=988000
Profit=988000-928000+3500000+242000
Revenue=3802000
A shift to the right of the demand curve signifies a "increase in demand," whereas movement along a particular demand curve signifies a "increase in quantity demanded." The correct response is option (B).
<h3>What is increase in demand?</h3>
A rise in demand will cause a rise in the equilibrium price and an increase in supply, all other things being equal. Reduced demand will result in a decrease in the equilibrium price and an increase in supply.
An rise in the quantity needed results from a decrease in the cost of the good (and vice versa). A demand curve depicts the amount desired and any market price. A change in quantity demanded is represented as a shift along a demand curve.
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