Answer:
The law of supply reflects the amount that producers will want to offer at each price in a series of prices.
Explanation:
The law of supply determines that the quantity offered of a good increases as its price increases, keeping the remaining variables constant. The quantity offered is directly proportional to the price.
Specifically, it determines the amount of a particular good or service that is offered by the producers taking into account its price. Usually the relationship between this quantity and the price variable will be direct or positive, unlike in the demand law.
Answer:
In many countries, one of the roles of the central bank is to provide loans to distressed financial institutions. What is the term for this?
The term is called:
lender of last resort.
Another potential role of central banks is to foster confidence in the banking system by making sure that people can retrieve their money even if a bank goes bankrupt. What is the term for this?
The term is called:
deposit insurance.
Explanation:
Central banks play important roles in the economy. They conduct the economy's monetary policy, regulate other banks, and provide various other financial services, including economic research. They stabilize the nation's currency by ensuring that unemployment is kept low and also prevent economic fluctuations.
Answer:
The Company should Lease the equipment (Alternative 1)
Explanation:
Preparation of a differential analysis on March 23 as to whether Casper Company should lease or sell the equipment.
DIFFERENTIAL ANALYSIS
Lease Equipment (Alternative 1); Sell Equipment (Alternative 2) Differential Effect on Income (Alternative 2)
Revenues $285,200 $273,400 –$11,800
Costs –$15,100 –$8,202 $6,898
($273,400*3%=$8,202)
Income (Loss) $270,100 $265,198 $4,902
Therefore Based on the above Differential Analysis the Company should LEASE the equipment (Alternative 1).
The correct answer is layers of management. Layers of
management is defined as a centralized, bureaucratic organization structure by which
it is composed of three levels of management that are; top-level, middle level,
and first level managers that are less top level managers.
Answer:
The correct answer is option d.
Explanation:
The most effective model to understand the effect of change of a variable on other variable is by assuming other factors to be constant. This simplifies the model and helps in easily understanding the relationship between the two variables.
Though the assumption of other things being constant does not apply in the real world, it is still used as otherwise change in other factors would complicate the model. If several factors change it would be difficult to understand the relationship between variables.
Here, to study the effect of change in the price of grapes on the market for wine, it is necessary to assume other factors such as income, consumer preferences, etc to be constant.
