Answer:
The correct answer is equal to price.
Explanation:
A perfectly competitive firm is a price taker. This is because of the large number of firms, no single firm is able to influence the price. So each firm faces a horizontal demand curve. This horizontal line shows demand, marginal revenue, and average revenue.
The price level is determined at the point where the marginal cost is equal to price. The marginal revenue is always equal to price because the price is fixed at a point, each output level is supplied at the same price.
Tyson is "likely to score high on emotional intelligence".
<u>Explanation:</u>
Peter Salovey and John Mayer characterized emotional intelligence as the ability to track the feelings of one's own and others, to distinguish and properly mark various emotions, and to use emotional knowledge to direct thought and behaviour. There are five essential elements: self-awareness, self-regulation,empathy, inspiration and social skills, according to Daniel Goleman, who helped popularize emotional intelligence.
If you are lacking such intelligence, it is difficult to grasp how you are coming across to others. You feel confused because the message is not conveyed in a form that public can comprehend. But with training, people who are emotionally smart realize they don't express every idea beautifully.
The concept of diversity<span> encompasses acceptance and respect. It means understanding that we all have differences and we're all unique. </span>
Answer:
Debit interest receivable $1,500
Credit interest revenue $1,500
Explanation:
Adjust entries are used in accounting to record accrued revenue or expense at the end of an accounting period.
On March 1, 2021, Bearcat lends an employee $20,000. The employee signs a note requiring principal and interest at 9% to be paid on February 28, 2022.
We are to calculate the adjustment at December 31, 2021.
We need to calculate interest accrued at year end. The loan would have stayed for 10 months.
Interest= principal* rate* time
Interest= 20,000* 0.09* (10/12)
Interest = $1,500
So we will debit interest receivable for $1,500 and credit interest revenue.
Answer:
20 years (scenario A) and 16 years (scenario B)
Explanation:
The real GDP will double in "n" number of years, with "n" estimated by interpolation using the formula below.
In the solutions below, we assumed current GDP to be 1, and as a result, the GDP will double to 2.
Scenario A
When you substitute 20 for "n" in the left hand side (LHS) of the equation, you will arrive at 1.99 which is approximately equal to 2. Any number below 20 will result in a number less than 2.
Thus, with an average annual real GDP growth rate of 3.5%, real GDP will double in about 20 years.
Scenario B
When you substitute 16 for "n" in the left hand side (LHS) of the equation, you will arrive at 2.02 which is approximately equal to 2. Any number below 16 will result in a number less than 2.
Thus, with an average annual real GDP growth rate of 4.5%, real GDP will double in about 16 years.
