Answer:
The answer is b) how technology is best used in the production of goods and services
Explanation:
The concept of welfare economics is used in the context of the Economy and public finances. It is defined as the branch of the economy that tries to determine the conditions that are needed to reach the maximum of social welfare. For this, the conditions are established to maximize production with a given amount of resources and optimization of the distribution of goods and services, analyzing the policies pursued in the achievement of goals that are considered desirable from the point of view of well-being.
Answer:
a. $965.74
b. $939.11
Explanation:
In this question we use the Present value formula i.e shown in the attachment below:
1. Given that,
Future value = $1,000
Rate of interest = 6.5%
NPER = 4 years
PMT = $1,000 × 5.5% = $55
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the price would be $965.74
2. Given that,
Future value = $1,000
Rate of interest = 6.5%
NPER = 8 years
PMT = $1,000 × 5.5% = $55
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the price would be $939.11
Answer:
Option 1 - The long-run aggregate supply curve is very sensitive to changes in the price level.
Explanation:
The long-run aggregate supply curve, LRAS, is a curve that reveals the relationship between the price level and real GDP that would be supplied if all prices, including nominal wages, were fully flexible; price can change along the LRAS, but the output cannot because output reflects the full-employment output.
Therefore, the long-run aggregate supply curve is very sensitive to changes in the price level.
Answer:
d. $25,000
b. ($5,000) loss
Explanation:
In the first case, the gain or loss on this transaction is
Gain or loss on this transaction is
= Sale value of the land - adjusted basis of the land
= $110,000 - $85,000
= $25,000
We ignored the fair market value of the land for computing the gain or loss of the transaction
In the second case, the gain or loss on this transaction is
Gain or loss on this transaction is
= Sale value of the land - fair market value
= $80,000 - $85,000
= -$5,000 loss
The correct answer is Equality