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dsp73
3 years ago
13

Who sets the price of products in our mixed market economy?​

Business
1 answer:
ahrayia [7]3 years ago
5 0

The seller

Explanation:

Its a market economy. The seller can set the price as high or low as they want.

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Oscar owns a building that is destroyed in a hurricane. His adjusted basis in the building before the hurricane is $130,000. His
damaskus [11]

Answer:

That is $2,000 loss

Explanation:

After the hurricane Oscar received $140,000 for his loss, the adjusted basis for his property was $130,000 so he had a gain of 140,000- 130,000=$10,000.

According to Sec. 1033(a)(2) since the new property that was built (the replacement) was similar we will recognise the amount received from the insurance company ($140,000) to the extent that it pays for the replacement property.

That is

Gain or loss = amount paid by insurance company- cost of replacement property

Gain or loss= 140,000- 142,000

Gain or loss= -$2,000

That is $2,000 loss

8 0
3 years ago
At the end of 2016, safer co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $25,000. on january
marin [14]
<span>Accounts Receivable before the write off: (700,000-25,000) = 675,000 Accounts Receivable after write off: (700-4300)-(25000-4300)=675,000</span>
3 0
3 years ago
When creating the complete 2nd Order Model for a regression model using job tenure (years working at that job), job experience (
kobusy [5.1K]

One needs to create interactions between all of the following EXCEPT option B. high school and college. since, the model is using job tenure, it is the only option without work experience.

<h3>What is a 2nd Order Model for a regression model?</h3>

The polynomial regression model has one, two, or more than two predictor variables. Each predictor variable may be present in various powers. This polynomial model is called a second-order with one predictor variable because the single predictor variable is expressed in the model to the first and second powers.

Therefore, the only predictor variable in all other options is job experience. However, option C. does not have the dominating variable.

learn more about regression model: brainly.com/question/25987747

#SPJ11

7 0
2 years ago
Holly would like to run an annual major disaster recovery test that is as thorough and realistic as possible. she also wants to
nignag [31]
The option that will be best in this scenario would be a <span>Parallel test. 
In a parallel test, same input will be entered in two different version of simulation.  By doing this, we could create multiple simulations to test several possibilities and reducing the total time needed at the same time. The downside is that this test exposes the tester to a high risk of making a mistake.</span>
7 0
3 years ago
The aggregate demand and aggregate supply model is a useful simplification of the macroeconomy used to explain short-run fluctua
Rasek [7]

Answer:

The correct answers are:

a) A. An economy's price level.

b) A. As the price level rises, firms expand their production because they can sell their output for more money.

Explanation:

On the one hand, in this type of economic model, the aggregate supply and demand represent the economy's price and quantity level regarding the output of the country as a whole. Therefore that in the vertical axis of the diagram the curves measures the price level of the economy and in the horizontal axis the curves measure the output that the economy produces at that given price.

On the other hand, the slope of the aggregate supply is upward because of the same reason as it is in the supply curve, because of the law of the supply, that states that there is a direct relationship between the price of the good an its quantity offered. Thefore that when the price level rises the firms will produce more because they can sell their production at a higher price.

7 0
3 years ago
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