Answer: In times of crisis or economic boom, changes such as the substitution effect and income effect may occur; in this case, Daniel suffers a variation in his work in the increase in the value of the hours worked and the decrease in hours worked per week; this can generate, or positive changes such as spending more time with his family and the appreciation of its workforce, as adverse effects, in which it stands out to be forced to respond to higher expenses due to the increase in the cost of living.
Answer:
The production capacity the manufacturer should reserve for the last day = 206.00 units.
Explanation:
Normal production = 1000 X $ 10
Normal production = $ 10,000
Spot production = 1,000 X $ 15
Spot production = $ 15,000
p* = 15,000 - 10,000 / 15,000
p* = 0.33
Q = norminv(0.33,250,100)
The production capacity the manufacturer should reserve for the last day = 206.00 units
Answer:
Individual (Private) Goods : Excludable, Rival
Public Goods : Non Excludable, Non Rival
Merit Goods : Positive externality goods, underproduced.
Explanation:
Goods are individual (private) / merit / public ; on the basis of rivalry & excludability.
Excludable goods are the goods that can be feasibly excluded from being consumed by non payers. Non excludable goods can't be feasibly prevented to be used by non payers.
Rival goods are the goods whose consumption by a consumer reduces their availability for other consumers. Non rival goods' consumption by a consumer doesn't reduce their availability for other consumers.
Individual (Private) goods are both - excludable & rival. Eg : Food, Clothes etc
Public Goods are both - non excludable & non rival. Eg : Air, Street Light
Merit goods are positive externality i.e positive side effect goods. They have extra unevaluated social benefit, which under evaluates their total benefit. As per market private benefit = private cost equilibrium condition : their under evaluated benefit curve leads to - equilibrium below optimal socially desirable production quantity. Eg Education
Answer:
There must be 22.5 pounds of cashews mixed with the 30 pounds of peanuts.
Explanation:
Everything is given except the the pounds of cashews, so we also don't know the total pounds.
If you let the pounds of cashews be x, then the total pounds will be x + 30.
30(1.50) + x(5.00) = (30 + x)(3.00)
45 + 5x = 3x + 90
2x = 45
x = 22.5
There must be 22.5 pounds of cashews mixed with the 30 pounds of peanuts.
Answer:
Option (C) is correct.
Explanation:
The reserve requirement ratio refers to the ratio of deposits that are kept with the Fed.
It is one of the important monetary policy instruments that Fed uses for controlling the money supply in an economy. The Fed reduces the reserve requirement ratio if there is a need to increase the money supply in an economy and it increases this ratio if there is a need to reduce the money supply in an economy.