Education is the process of facilitating learning, or the acquisition of knowledge, skills, values, morals, beliefs, and habits.
Answer:
Inferior good.
Explanation:
Inferior goods are those that their demand decreases as the consumer's income increases. They are unlike normal goods that demand increases with increased income.
Inferior goods are usually purchased as a necessity due to low prices. The consumer did not have enough money to purchase what he would have preferred. As income rises the consumer goes for his preference.
In this instance as you graduate college and start earning higher you do not purchase pizzas anymore because to you they are inferior goods.
Answer:
The PPF graph is attached.
The Production possibilities frontier PPF is a curve that illustrates the various amounts of two products that can be produced if both products rely on the same, finite resources for their existence. (Bloomenthal, 2020)
In the graph (attached), the y-axis has capital goods and the x-axis has consumption goods. A is a level where the country/ organisation can produce goods but resources are not maximised. B is also a production level, but it is unattainable because the resources are not enough
.
a. In the current period, we shall say the goods produced are on point C; that is C1 of consumption goods and C2 of capital goods are produced. More of the capital goods are produced than the consumption goods. If this is profitable, the organisation can continue producing at this level. if is not profitable, or there is a hindrance in growth (e.g. capital goods decrease in demand) due to this production level, the organisation can move to level D. Production level D has D1 consumption goods and D2 capital goods. There are more consumption goods being produced than capital goods.
b. Production level E is has E1 consumption goods and E2 capital goods. There are more consumption goods being produced than capital goods. The growth level depends on the profitability of each level. if level D was not profitable enough in the current period, the economic status will force the organisation/country to move to production level E.
All these production levels affect economic growth. If none of these production levels are economically wise, the country/organisation may end up having to use all resources for production of one good and trade with another country/organisation to have the other, in the next cycle.
Talk to some one in real estate (you could stage the house for a showing) or look onkind
Answer:
The correct answer here is $2000.
Explanation:
Given information -
Original value of asset - $28,000
Fair market value - $35,000
Equipment received in exchange of transaction - $2000
For taking out the Arlington's gain or loss on the exchange we will select the lesser of the f\given two, which are fair market value of equipment which is $2000 and other one is gain recognized by - $35,000 + $2000 - $28,0000 = $9000, so the lesser of the two is $2000.