The deadweight loss is $90.6.
<h3>How to calculate the loss?</h3>
The study suggested that the average recipient's valuation of the gift received was approximately 90% of the actual purchase price of the gift.
This means there's a loss of 10% in value constitute the deadweight loss.
Average amount spent on gift = $906
Percentage loss in value = 10% or 0.10
Calculate the deadweight loss -
= Average amount spent on gifts * Percentage loss in value
DWL = $906 * 0.10
The deadweight loss would be $90.6.
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A study by university of minnesota economist, joel waldfogel, estimated the difference in the actual monetary value of gifts received and how much the recipients would have been willing to pay to buy them on their own. the study suggested that the average recipient’s valuation was approximately 90% of the actual purchase price.
Calculate the deadweight loss if the average amount is $906.
If the economy is at potential output and the fed increases the money supply, in the long run real gdp will likely decrease.
<h3><u>
What is supply?</u></h3>
- A basic economic notion called supply refers to the total amount of a particular commodity or service that is made available to consumers.
- When shown as a graph, supply can refer to the quantity that is offered at a particular price or the quantity that is offered over a range of prices.
- This is strongly related to the demand for an item or service at a particular price; all other things being equal, the supply offered by producers will increase if the price rises because all businesses aim to maximize profits.
Trends in supply and demand are what underpin the modern economy. Based on price, utility, and personal choice, any particular commodity or service will have its own unique supply and demand patterns.
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Answer:
Extinction
Explanation:
Contingency of extinction occurs when previously reinforced behaviours are removed or changed as a result of changes in the environment. In this scenario, the behaviours that was changed in the current year was the payments of bonuses to top managers. The changes in the environment was the poor performance and average stock price dropping. It resulted in the top managers not receiving their annual bonuses this time.
Decide depreciation expense for the entire year and afterward customize the cost between the two-time frames included. Depreciation is the procedure by which an organization apportions an advantage's cost over the term of its valuable life. Each time an organization readies its money related explanations, it records a devaluation cost to allot a bit of the cost of the structures, machines or gear it has obtained to the current monetary year.
Answer:
C.
Explanation:
Do teams and individuals follow instructions well?
All the projects in an organization are based in team work, and need to be thinking as a team that reacts to a external environment. So, this exclude answers A, B and D.
