What factors impact the poverty rate?

The market demand curve Group of answer choices is found by vertically adding the individual demand curves. slopes upward. repre

Aleonysh [2.5K]

Answer:

represents the sum of the quantities demanded by all the buyers at each price of the good.

Explanation:

The market demand curve is the total of all the individual demand curves in the market as mentioned. It depicts the quantity demanded with respect to the different prices

And in this the quantity demanded and the price of a product has an inverse relationship between each other

Therefore the last option is correct

8 0

3 years ago

Although countries such as China and India are currently relatively poor, their economies are already large in absolute terms an

dlinn [17]

Answer:

True

Explanation:

In nominal dollars, China is currently the second largest economy in the world and India is the fifth largest. They are both considered developing nations since the GDP per capita is still low compared to other countries, China's GDP per capita = $10,100 and India's GDP per capita = $2,170. Even though their economies are large, their populations are even larger, both countries have around 1.3 billion people living in them.

If we use the purchasing power parity (PPP) their numbers are a little better, with Chinese economy being number one in the world with $27.31 trillion compared to the US's $21.44 trillion. The US is the only country whose PPP equals its nominal GDP since the American economy is used as the base economy for PPP calculations.

Both China's and India's economic growth rates are also higher than most developed nations, 5.8% for China and 7.5% for India.

6 0

3 years ago

Read 2 more answers

Assume the following amounts: Total fixed costs Selling price per unit Variable costs per unit If sales revenue per unit increa

sineoko [7]

Answer:

The correct option is c. 129,000.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Assume the following amounts:

Total fixed costs. $15,000

selling price per unit. $19

variable costs per unit. $12

if sales revenue per unit increases to $21 and 16,000 units are sold what is the operating income?

a 159,000

b. 336,000

c. 129,000

d. 144,000

The explanation to the answer is now provided as follows:

Since sales revenue per unit increases to $21, we use it as the selling price and proceed as follows:

Computation of Operating Income

Particular Amount ($)

Sales revenue (16,000 * $21) 336,000

Variable cost (16,000 * $12) (195,000)

Contribution 144,000

Fixed cost (15,000)

Operating income  129,000 

Therefore, the correct option is c. 129,000. That is, operatin income is $129,000.

5 0

3 years ago

Arianna's personal residence has an adjusted basis of $308,150 and a fair market value of $277,335. Arianna converts the persona

GuDViN [60]

Answer:

Arianna's basis for loss $277,335

Arianna's basis for gain $308,,150

Explanation:

Calculation for Arianna's gain basis and loss basis

Since the original basis for loss on personal use assets that is been converted to either the business or the income producing use is the lower or lesser of the property's adjusted basis or fair market value on the date of conversion which means that the gain basis for the converted property will tend to be the property's adjusted basis on the date of conversion.

Arianna's basis for loss will be $277,335 (lower of $308,150 adjusted basis and fair market value of $277,335).

The amount of $30,815 that was been decline in value is a personal loss whichncan never be recognized for tax purposes this means that Arianna's basis for gain is $308,,150 (adjusted basis).

4 0

3 years ago

Sam agrees to buy and Meranda agrees to sell 1000 lbs of bananas actually worth $5000, but they have not agreed on the price yet

Nookie1986 [14]

a. There is a contract for the sale of the bananas because UCC allows to keep certain terms open while contracting, which includes price. If the parties are not clear on the price or the price is to be set over time, the parties can fill the term later under UCC. Hence the agreement between Sam and Meranda for the sale of bananas constitutes a valid contract. If the parties are unable to determine the price, court will determine a reasonable price based on the fair market value or the intention of the parties while making the contract and by using the most reasonable method as per the business practices. Here 1000 lbs of bananas actually worth $5000. Hence the court may decide the price to be $5000 or determine the price by analyzing the intention of the parties while making the contract.

b. If the agreement was to repair several air conditioners in an apartment building, it does not come under UCC because UCC governs only contracts for sale of goods. Service contracts are governed by common law of contracts and price is necessary to form a valid contract. Hence the court will rule the contract as invalid and would not enforce the contract.

5 0

3 years ago