Answer:
a) all trades that can generate gains from trade take place, and no trades take place that would not generate gains from trade.
Explanation:
When we draw the demand and supply curve, the point in the curve where both meet shows that the market is in a state of equilibrium.
The price is the equilibrium price and the quantity is the equilibrium quantity. Prices would become stable at this point. At this point every trade that would bring about gains from trade would take place. There would be no trade in the market equilibrium that would not generate gains from trade. This is because the market equilibrium is an optimum point for trade for either party, that is the buyer and the seller.
an example of overconfidence would be: Joe makes a stock price prediction and believes that there is only a 5% chance that his estimate is wrong; overlooking recent articles about the bad financial health of the business.
Buying stocks without any prior knowledge in finance would provide people with 50% rate of success. Good stock traders usually could improve their success rate up to 70% while success rate of 95% is very unlikely. Especially if the financial information showed a bad sign. The fact that Bill still put his money on the company's stock indicates that he is overconfident.
Answer:
$237,855
Explanation:
Opening inventory = $157,000
Purchases = $502,900
Sales revenue = $649,300
gross profit = 35% of sales
= 35% × $649,300
= $227,255
cost of goods sold = $649,300 - $227,255
= $422,045
Opening inventory + purchases - cost of goods sold = closing inventory
$157,000 + $502,900 - $422,045 = closing inventory
closing inventory = $237,855
An estimate of Coronado’s April 30 inventory that was destroyed by fire is $237,855
Answer:
<u><em>The aggregate demand curve</em></u> It shows the relationship between the price and the amount of total goods and services demanded by the consumer in different price levels.
Explanation:
If the prices are high then the demand is low and if the prices are low then the demand is high. Please look the image attached that contain an example of aggregate demand curve.
Incomplete question. The options read;
- Mary is correct, but only because Annie signed the note "Green" instead of "Greene" as indicated on the note.
- Mary is correct.
- Mary is incorrect.
- Mary is correct, but only because two payees are listed.
- Mary is incorrect unless she can prove that Susie intentionally and purposefully spelled the name wrong to prevent negotiation.
Answer:
- <u>Mary is incorrect.</u>
Explanation:
Indeed, since this just a case of name misspelling, the law in no clear terms states that such an endorsement would be counted as been illegal.
Remember, Mary acknowledges that the amount paid by Susie Smith was meant for both of them (Annie Green and Mary Hodge), hence there should be no question of illegality since funds were meant to be shared. In other words, this minor error can be overlooked.
