Answer: Strictly speaking, you should only spend $400 in case of an accident, but the answer is $500
Explanation:
Answer:
The AJ's dad finds AJ's phone:
D. Behind the dashboard
Explanation:
- This question is from Impact Texas Young Drivers Program's video to raise the awareness in the younger generation about driving carefully.
- In this program, real life examples are shown via video that how distractions can lead to sever accidents and one of the video show that AJ's dad finds AJ's phone behind the dashboard.
Answer:
Since a perfectly competitive firm must accept the price for its output as determined by the product’s market demand and supply, it cannot choose the price it charges. Rather, the perfectly competitive firm can choose to sell any quantity of output at exactly the same price. This implies that the firm faces a perfectly elastic demand curve for its product: buyers are willing to buy any number of units of output from the firm at the market price. When the perfectly competitive firm chooses what quantity to produce, then this quantity—along with the prices prevailing in the market for output and inputs—will determine the firm’s total revenue, total costs, and ultimately, level of profits.
Answer:
a. "The different brands are almost identical so I always buy the cheapest."
Explanation:
The statement that best represents a situation where demand for a particular brand would be very elastic is when there are different brands that are almost identical so consumers always buy the cheapest.
Elastic demand is when price have a big effect on the quantity consumers want to buy. It holds that the quantity purchased has an inverse relationship with price. When prices rise, people buy less.
Hence, an increase in price of a product will lead to a fall in its quantity demanded as consumers will switch to buying other available identical products.
Debits must = Credits, so if some one bought a $20 sofa, the credit would be the asses, more specifically the cash account because it goes down by $20 and the debit would also be the assets but the furniture, becasue it goes up by $20, 20=20 so debit=credit