The right answer for the question that is being asked and shown above is that: "will result in efficient use of resources." Jerry's Phone Service is a monopoly. the price and quantity chosen by Jerry will result in efficient use of resources
Answer: Interest rate flexibility
Explanation:
According to classical economists, there is an inverse relationship between the amount of funds invested by firms and the interest rate.
In a money economy, for Say's law to hold, the funds that are saved must give rise to equal amount of funds invested. Because to the Classical Economists belief in interest rate flexibility, they argued that saving will be matched by equal amount of investment.
Answer:
$420
Explanation:
The computation of the net income for the current year is shown below:
Sales revenue $1,200
Less: Selling and administrative expense -$620
Less: Restructuring charges -$20
Less: Income tax expense at 25% - $140
Net income $420