Answer: Plainly put, extreme income inequality, such as the kind found in Sub-Saharan Africa and South Asia, cause economic inefficiency. The relatively wealthy tend to save a much higher proportion of their income than the poor. In order to grow economically, a society must have robust rates of consumption. However, if most of the wealth of a country is owned by a very small percentage of its population, that wealth is saved, not spent. These savings are then invested by individuals and financial institutions.
Explanation:
Answer:
Option A is a price floor, option B is binding and option C is price ceiling.
Explanation:
It is stated that the equilibrium price of a donut is $1.50.
If the government institutes a legal minimum price of $1.80 for a donut, that would be an example of price floor because the price cannot be lower than that. $1.80 is higher than $1.50 so it serves a purpose.
Option B is binding since any donut shop that wants to pay better wages is prohibited from hiring more workers.
The government prohibiting donut shops from selling a donut for more than $1.10 is an example of floor ceiling because the price can not go higher than $1.10.
I hope this answer helps.
Answer:
hello your question lacks the required file ( excel file ) attached below is the missing file
Answer : The EVI does not change in the way expected and this is because of the higher probability assignment
Explanation:
1) calculate the EVI for the first combination
i.e. B5 = $2000, B9 = 0.4, B14 = 0.8, B15 = 0.3
EVI = EMI with information - EMI without information
= 3250 - 3400
= $ 150
<em>note : EMI with information is gotten via solution tree </em>
2) Calculate the EVI for the second combination
i.e. B5 = $4000 , B9 = 0.3 , B14 = 0.9, B15 = 0.2
EVI = EMI with information - EMI without information
= $1378 - $500 = $878
Placing a scanner near a window can cause it to overheat.
Sorry if it wrong if it is!.
I don’t know anything
Answer:
Toyota used the price lining approach of pricing
Explanation:
Price lining is also known as the product line pricing which is a process of marketing, wherein the products or the services within a particular group are set at the different points of the price.
So, the company used the approach of price lining where they have the highest price as well as the lowest price list.
