In economics, supply and demand refers to a relationship between the amount of a ware that producers wish to offer at different costs and the amount that consumers wish to purchase.
Because of the way that automobiles are ending up more fuel proficient the general impact on the equilibrium cost of gasoline is that there will be a less need of gas required thus the cost will diminish or decrease. According to my thinking, it would be more beneficial to the economy due to the lesser degree a need however it would offer more gas because of the abatement in cost. Society utilizes different things that uses gas other than cars, for example, lawnmowers, tractors, bikes, and so on. So despite the fact that new advancements are diminishing the cost related with creating gas society still deliver items that utilizes fuel every day that will keep on having an impact on the equilibrium price overall.
Answer:
Explanation:
a) Confidence index=Yield on top-rated corporate bonds/ Yield on intermediate-grade corporate bonds
This year=9.3%/11.8%=0.788
Last Year=9.8%/11.3%=0.8673
b) From the calculations we can see that confidence index is decreasing from 0.8673 to 0.788.
It would make you $7,500
because banks usually pay a person $0.03 for every dollar
250,000 times .03 equals 7,500
Answer:
b. marginal cost curve above the average variable cost curve.
Explanation:
A perfect competitive indsutry is a characterised by many firms selling homogenous goods and services. Firms are price takers and there are no barriers to entry or exit of firms in the industry.
The supply curve of a perfectly competitive firm in the short run is the part of the marginal cost curve that lies above the average variable cost curve.
A perfect competition maximises profit where price equals marginal cost.
I hope my answer helps you
Answer:
Shoes from the Thai and korean firm is part of imports
Imports=40+1240=1280
Domestic consumption=220
Security check is part of government spending=1500
GDP=1500+220-1280=440
