Answer:The two main branches of economics are microeconomics and macroeconomics
Explanation:
The way that this policy is going to be known to affect the consumers budget line is that it would make the budget line flatter.
<h3>How does this policy affect the budget line?</h3>
First the formula for the intercept is given as
budget divided by the price of the good on their different axis.
The exemption of taxes is going to make the price of the good on x to fall. This would then raise the ability to afford it. The intercept then goes to the right. Hence it is flatter.
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Answer:
$41.56
Explanation:
Since Antiques' dividends have a negative growth rate, we must adjust the perpetuity growth formula to recognize that negative growth:
stock price = [dividend (1 + growth rate)] / (required rate of return - growth rate)
- dividend = $7
- growth rate = -5%
- required rate of return = 11%
stock price = [$7 (1 - 5%)] / (11% - -5%) = ($7 x 95%) / 16% = $6.65 / 16% = $41.56
Answer:
1. $13.5
2. iv. increasing.
Explanation:
1. Average variable cost
Total cost = Average cost × Quantity
= 200 × $15
= $3,000
Variable cost = Total cost - Fixed cost
= $3,000 - $300
= $2,700
So,
Average variable cost = Variable cost ÷ Quantity
= $2,700 ÷ 200
= $13.5
2. The quantity of hamburgers is 250 hamburgers the total curve is increasing.
Note :- we assume 250 hamburgers instead of 25 hamburgers because it is misprint.
