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4 years ago

Quizlet: Under autarky, consumer surplus is represented by the area

Business

1 answer:

solong [7]4 years ago

5 0

Answer:

The correct answer is option c.

Explanation:

Autarky can be defined as a situation where a nation is self-sufficient and does not trade internationally. Consumer surplus is the difference between the maximum price a consumer is willing to pay and the price he actually has to pay.

In the case of autarky, the consumer surplus id the area below the demand curve and above the equilibrium price. The producer surplus is the area above the supply curve and below the equilibrium price.

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Interest earned on both the initial principal and the interest reinvested from prior periods is called _______.

scZoUnD [109]

Answer:

interest earned on both the initial principal and the interest reinvested from prior periods is called compound interest.

________________________________

Compound interest. The interest which is added on to the initial investment, so that this will itself gain interest in subsequent periods.

7 0

3 years ago

On September 1, Sky Mountain Co. borrowed $54,000 on a 6%, 9-month note payable to Coast National Bank. Given no previous adjust

REY [17]

Answer:

Sky Mountain's adjusting entry four months later at December 31 would include:

Debit Interest expense $1,080

Credit Interest Payable $1,080

Explanation:

Sky Mountain Co. borrowed $54,000 on a 6% note payable to Coast National Bank.

The amount of interest for 1 year = $54,000 x 6% = $3,240

The amount of interest for 1 month = $3,240/12 = $270

From September 1 to December 31, in Sky Mountain Co.

The amount of interest expense = $270 x 4 = $1,080

Sky Mountain's adjusting entry at December 31:

Debit Interest expense $1,080

Credit Interest Payable $1,080

6 0

3 years ago

When a tax is levied on a good, the buyers and sellers of the good share the burden, A. provided the tax is levied on the seller

Morgarella [4.7K]

Answer:

Here all of these options are wrong , the correct answer is regardless of how the tax is levied the burden of tax would be shared by both the seller and buyer.

Explanation:

Tax can be said as primary source of income for the government. When a tax is levied on the goods , the burden of that would have to be bear by both buyer and seller , irrelevant of how that levied . If the taxes are high then the demand by buyer would be less and seller would receive low price because less people would buy and n the case where taxes are low demand would be high and seller would receive high prices ,in both cases tax would be levied on both seller and buyer and how much it would be depends upon the elasticity of demand and supply. So all the statements given here are false or invalid.

6 0

3 years ago

Define the term teamwork

Stella [2.4K]

Answer:

helping and communicating

Explanation:

word done by several associates with each doing a part but all subordinating personal prominence to the effeciency of the whole

hope it helps

source: merriam webster

6 0

2 years ago

Read 2 more answers

Complete the statements on how to do a career search by correctly filling in the missing information

Triss [41]

Answer:

The correct answers would be Skills and Employment outlook respectively.

Explanation:

When you are about to choose a career that will be best suited to you, It would be best to find out your skills that would be required to perform the job effectively. A person must be aware of his skills and talents and then he has to search for the career accordingly, because this will determine whether the career is a good match with your skills or not. After this assessment, you should also look into the market trends for the job opportunities of the career that you are thinking to pursue. This will help you focus more on the career development and save your time to search for the job after completing the academic career in the non relevant field.

3 0

3 years ago

Read 2 more answers