Answer:
it is refered to as profit maximization condition
Answer:
Price floor binding
b. price ceiling binding
price floor and binding
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
The minimum price of milk is above equilibrium price. So, it is a binding price floor
The maximum price of milk is below equilibrium price. It is binding price ceiling
If teenagers can't find jobs due to minimum wages law. It means that the minimum wage must be above equilibrium price. This is because it is when price is above equilibrium price that supply of labour outstrips demand. So, it is a binding price floor
Answer:
When They makes their customers feel happy about their prices of their products
When they always makes sure they have all the products customers want and with suitable prices
Answer:
a). $12,850 b.) 550
Explanation:
a). Shareholder equity
The shareholder equity consists of the shareholder capital contributions plus the retained earnings. calculating the shareholder's equity is through the formula shareholder equity = total assets -total liabilities
In this case,
Total assets = $5,000,+ $23,300= $28,300
Total liabilities = $4,450 + $11,000 + $15,450
Shareholder equity = $28,300 -$15,450 = $12,850
b). Net working capital
Net working capital is the difference between current assets and current liabilities. i.e., net working capital is current assets - current liabilities
current asset = $5000
Current liabilities = $ 4,450
Net working capital; = $5,000 - $4,450= $550
Answer:
Maria spends all of her money on paperback novels and beignets In 2011 she Earned $27 per hour, the price of a paperback novel was $9, and the price of a beignet was $3.
Following give the nominal value of a variable: -
- The price of a beignet is $3 in 2011
- Maria's wage is $27 per hour in 2011
Following give the real value of a variable:
- The price of a paperback novel is 3 beignets in 2011
- Maria's wage is 9 beignets per hour in 2011.
Suppose that the Fed sharply macaws the money supply between 2011 and 2016 In 2016, Maria's wage has risen to $54 per hour. The price of a paperback novel is $18 and the price of a beignet is $6
In 2016, the relative price of a paperback novel is 3 beignet
Between 2011 and 2016, the nominal value of Maria's wage increases and the real value of her wage remains the same.
Monetary neutrality is the proposition that a change in the money supply affecis nominal variables and does not affecis real variables
