Answer:
lawyer's computer.
Explanation:
For the economist a stock is capital that can earn income or good that person holds and can sold for a particular price.
In this case the lawyer's computer is a good that the lawyer owns and can be exchanged for money. Also the lawyer can use the computer to help treat court cases thereby earning income.
Answer:
many other sellers are offering a product that is essentially identical.
Explanation:
People often have different expectations. If people have rational expectations, the sacrifice ratio could be much smaller than suggested by the short-run Phillips curve is a false a statement.
- The sacrifice ratio is said to be smaller than suggested by former estimates. The short-run phillips curve will ten to shift downward and the economy would reach low inflation very fast.
Rational expectations is known to be an economic theory. It simply states that when making decisions, individual agents will capitalize their decisions on the information that is best and available and they also learn from past trends.
Learn more from
brainly.com/question/20345500
Answer:
Project Y = -$1,825.80
Project Z = $4,148.00
Explanation:
Calculation are as attached in the file
Answer:
Q= 5714 pizzas
Explanation:
Giving the following information:
Your research shows that:
Pizza oven= $10,000.
Making the pizza= $5.00 per pizza.
To buy freshly made pizzas costs $6.75 each.
Q= (Fixed cost 1 - Fixed cost 2)/ (variable cost 2 - variable cost 1)
Q=(10000-0)/(6.75 - 5)
Q= 5714
