A worker who has no explicit or implicit contract for long

The quantity of a good demanded in a given time period increases as the price falls, which is known as:_________

Illusion [34]

Answer:

B) The law of demand

Explanation:

The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Ceteris paribus means all things being equal.

Says law says supply creates its own demand.

I hope my answer helps you

4 0

4 years ago

Beginning on January 1, 2020, 5 equal deposits are to be made in a fund. Required: Using the appropriate tables, determine the e

8090 [49]

Answer:

Explanation:

$FV \div \frac{(1+r)^{time} -1}{rate} = C\\$

FV $200,000.00

time 5 years

rate 0.1% = 10/100 = 0.10

$200000 \div \frac{(1+0.1)^{5} -1}{0.1} = C\\$

C $ 32,759.496

The installment will generate 10% interest overtime and provide with a 200,000 dollar count after six years

7 0

4 years ago

The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance

Virty [35]

Answer:

A)

Bank reconciliation:

Bank balance Augusts 31 $18,340

+ Deposits in transit $2,830

<u>- Outstanding checks $3,520</u>

Reconciled bank account $17,650

Cash balance reconciliation:

Cash balance August 31 $17,350

+ Error in recording check $360

Reconciled cash account $17,650

B) Cash account balance $17,650

5 0

3 years ago

(Cash management) As CFO of Portobello Scuba Diving Inc. you are asked to look into the possibility of adopting a lockbox syst

zheka24 [161]

Answer:

Check the answers below

Explanation:

The per instrument cost of the bank is $0.25. Assuming uniform cheque value, the 24 million remittances across 10000 cheque will mean per cheque value of 2400. If this amount can be invested at 8% p.a., then daily investment income will be approx = 2400 * 8% /365 = $ 0.526

Now for the company to jus about cover the cost of the cheque processing, the time should reduce by (assuming fractional time in days is possible) 0.25/0.526 = 0.48 days

Now if the interest that can be earned reduces to 4%, the average daily interest will also reduce to $0.263. At this level, the time required to cover the cost should reduce by 0.95 days

The difference is simply because the opportunity cost in terms of alternate usage of funds has decreased for the company.

8 0

3 years ago

A new technological breakthrough increases production for an industry and shifts the supply curve to the right. If the firm ____

Katyanochek1 [597]

Answer:

The correct answer is letter "C": produces products that are considered elastic.

Explanation:

Elasticity refers to the sensitivity of a good or service to reflect change in its supply or demand after a change in price. A product's supply is said to be elastic if the changes in the quantity supplied increases and it immediately determines a price in the price.

Thus, if for technological reasons the output of a company increases, considering that the product is elastic, the prices will increases which will provide the organization more revenue. That firm will be more than glad about the technological advance.

6 0

3 years ago