The correct answer would be option D, Markets tend to move towards equilibrium as individuals respond to incentives.
As a result, you and many other college students decide to major in engineering. This illustrates the principle of Equilibrium as individuals respond to incentives.
Explanation:
When supply and demand in an economy balances in the market keeping all other factors constant, then this situation is called as Market Equilibrium. With the change in these factors of the economy, the market equilibrium also changes, and there might be no equilibrium depending upon them at some point of time.
So when students see that there is a demand of engineering in the economy and music graduates are having difficulty in getting jobs due to more supply of music graduates, students move towards the engineering field in order to achieve the market equilibrium as they want to get jobs as an incentive.
Learn more about Market Equilibrium at:
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Answer:
Rent assigned to preparation and setup cost pool is $714.84
Explanation:
Preparation and setup takes 1,500 square feet out of the total 6,400 square feet available,hence the factory rent assigned to preparation and setup from the total rent of $3,050 i calculated thus:
Preparation and setup assigned rent=total rent/total square feet*preparation and setup square feet
=$3050/6400*1500
=$714.84
That represents the rent amount attributable to preparation and setup cost pool on monthly basis
Answer:
Option A will be the correct answer.
Explanation:
In the above question, Options are not given. Please find the attachment of the complete question.
- RIA has become an individual or an organization that offers investment advice to high-net-worth investors as well as operates financial investments.
- This RIA rendered complete transparency, both oral and written form, to his shareholders, because of options techniques to be implemented and the fees associated. This would be the smartest method to do something about it.
Some other options are also not tied to the condition in question. Thus option A should be the perfect approach.
Legally binding partnership that may arise where, in fact, no formal partnership agreement is in effect. A person who by conduct or words represents, or allows him/herself to be represented, as a partner in a firm is liable for the credit or loans obtained by firm on the basis of such representation. Also called presumption of partnership.