Answer:
The $125 income from the new job - relevant (A)
The $40 income from the library - irrelevant (B)
The $50 nonrefundable registration fee Isabella paid for the basket-weaving class - irrelevant (C)
The $15 cost for gas - relevant (D)
The $75 per month that Isabella spends for clothing and The time Isabella spends volunteering at the animal sanctuary. - Irrelevant (E)
Explanation:
(A) the income from the new job is relevant. It is the wages she will receive per week
(B) the library is irrelevant as it would not have to leave this job
(C) that is a sunk cost. Is irrelevant for the decision making
(D) the gas is a variable cost related to the job offer. It is relevant
(E) the consumer preferences are not relevant for their decision on the job offer. Also their volunteering is irrelevant. Is not related to the job
Answer: Higher price and produce less output.
Explanation:
A monopolist is the only producer of a good in the market or at least wields significant market power. As a result, they can set their own prices without regard for how competitors would react.
This would lead to a situation where the monopoly does not have to be efficient and so will produce less goods than a perfect competition would and in order to make more profit - and because of less efficiency meaning higher costs - they will charge a higher price for output.
Answer:
The description is for Colombia.
Explanation:
In Colombia and any Latin American country, the business creation process is usually more complicated due to the different types of legal procedures that must be carried out, which often ends up increasing informality levels. In the United States, the process is usually easier, since it takes no more than three days and can be done electronically. In Colombia, for example, a different procedure must be carried out for each national or territorial body (local and national taxes), commercial constitution, among other procedures that take approximately one month to complete. In addition, many of these obligations require the advice of a certified accountant who is the most suitable professional to carry out this procedure.
Answer: Mortgage interest is a loan.
Explanation:
That statement is false
In business, the amount of equity could be changed through either of these two ways:
- The first one is by buying out the shares that the company released. People would have more equity/ownership in the company if they hold more shares.
- If the majority shareholders in the company have agreed to sacrifice the percentage of their ownership and granted it to someone else.
