Answer:
Explanation: A. Shadow price has not changed because Shadow price show value of a commodity without considering final cost.
B. Change in value 180 - 150/180 X 100 = 16.7
C. The optimal solution didn't change because the product price went from it highest profit 180 to it's least cost 150
A perfectly competitive firm faces a downward-sloping demand curve.
<h3>What is demand curve?</h3>
It is a visual illustration of the connection between product pricing and demand-side quantity. The graph is built with amount demanded on the horizontal axis and price on the vertical axis.
Demand curve has two types-
- individual demand curve: The quantity that a specific household wants at different prices is represented by a demand curve for that particular household. The graphic representation of the individual demand schedule is another way to describe it. It can be created by analyzing consumer behavior in response to price changes.
- market demand curve: The total of each individual demand curve for a certain good on the market constitutes the market demand curve. It displays the quantity of the commodity that is demanded at various pricing points. The market demand curve has a negative, or downward, slope because quantity requested declines as price rises.
<h3>What is
downward-sloping demand curve?</h3>
A demand curve demonstrating how demand declines as price rises.
The price elasticity of demand is always negative for a downward-sloping demand curve since the price and quantity requested move in the opposite directions.
To know more about the demand curve, here
brainly.com/question/1139186
#SPJ4
Answer:
Total FICA tax is $ 9792+ $ 823.60= $ 10,615.6
Explanation:
The FICA tax is 7.65% for employees wages upto 128,000 and 1.45 % in excess of $ 128,000
Suppose the FICA tax rate is 7.65 % and her monthly salary is $ 7,700*2= $15,400
Her yearly salary is $15,400* 12= $ 184,800 which is above $ 128,000
So the Fica Tax would be = 128,000 * 7.65%= $ 9792
And 1.45 % 0f (184,800- 128,00)$ 56,800= $ 823.60
Total FICA tax is $ 9792+ $ 823.60= $ 10,615.6
Answer:
When receiving food, you can refuse to accept when if it has a foul odor
Explanation:
Such foul odor makes such food to be rejected because of the health implication as well as it does not equate to the money paid for such services rendered.