A group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is known as a:
According to the given question, we are asked to show the term which can be best used to <em>describe </em>a group of sellers who make an agreement to <em>reduce their collective output</em> so that price of goods would increase above their marginal costs.
As a result of this, we can see that this group of people in the business world are known as cartel because they behave unethically so that they could have increased profit on sales.
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True they belong to the bracket of unemployed citizens and are dependent on the working force or are consuming their savings
When the rpt and ctd are done being processed
Answer:
a. When a woman with children and very low income earns an extra dollar, she receives less in TANF benefits. This feature of TANF will cause the labor supply of low-income women to be <u>LOWE</u>R. One of the most important characteristics of TANF is that as the beneficiary starts to earn money, they start losing benefits. The more money they earn, the less benefits they receive.
b. The EITC provides greater benefits as low-income workers earn more income (up to a point).
<u>True</u>
This feature of EITC will decrease the labor supply of low-income workers. <u>b. False</u>
Earned income tax credit (EITC) is a refundable tax credit aimed at low income workers (and low middle income workers) with children. The tax credit received by the beneficiaries of this program depend on their income levels and number of children. E.g. during 2020, the EITC for joint filers earning up to $52,493 and having 2 children is $5,828. This program increases the labor supply of low income workers, it doesn't decrease it. If you do not work, you do not receive EITC.
Answer:
total cash pay is $200850
Explanation:
given data
Bakery signed P = $195000
rate R = 6 %
time T = 6 month
to find out
cash amount will be needed to pay back with interest
solution
we find first interest for 6 month that is 6/12 year
so interest = P×R×T
interest = 195000×0.06×6/12
interest = $5850
so total amount pay = Principal + Interest
total amount pay =195000 + 5850
total cash pay = $200850
