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andrew11 [14]
3 years ago
8

In a market with an upward sloping supply curve and a downward sloping demand curve, when the actual price must be higher than t

he equilibrium price, there will be:
Business
1 answer:
blondinia [14]3 years ago
6 0

Answer:

excess supply

Explanation:

If price is higher than equilibrium price, quantity demanded would fall while quantity supplied would increase. This is in line with the law of demand and supply

according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

This accounts for why the supply curve is positively sloped.

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Paloma Co. Stars has four employees. FICA Social Security taxes are 6.2% of the first $113,700 paid to each employee, and FICA M
Firlakuza [10]

Answer:

Explanation:

Base on the scenario been described in the question we can calculate the following

1. Calculation of Employee’s FICA withholding for social security tax rate is 6.20%. Attachment 1 below

2.Calculation of Employee’s FICA withh... Attachment 2 below

4 0
3 years ago
Which level of scrutiny must affirmative action policies now meet?
laila [671]
Strict, which is the highest level of scrutiny is the level of scrutiny affirmation action policies must meet. 

There are 3 levels of scrutiny:
1) Strict (highest level)
2) Intermediate (a little less demanding)
3) Rational Basis Review (lowest level)
4 0
3 years ago
To keep your business plan up-to-date, it should be revised every
Rufina [12.5K]

Answer:

A-month

Explanation:

by revising it monthly, it is the most up to date and can be consistently helpful to you as well as organized.

4 0
2 years ago
Fremont Enterprises has an expected return of 12 % and Laurelhurst News has an expected return of 24 %. If you put 56 % of your
Savatey [412]

Answer:

     = 18.7%

Explanation:

<em>A portfolio is a collection of assets/ investment. The return on a portfolio is the weighted average of all the return of the individual assets weighted according to the percentage of total funds allocated to each assets.</em>

Expected return on portfolio:

E(R) =(  Wa*Ra) + (Wb*Rb)

  Wa   =   56%   ,   Wb = 100-56 = 44%

Ra = 12%, Rb = 24%

E(R) = (0.56*24%) + (0.44× 12%)

       = 18.7%

8 0
3 years ago
Efficiency-wage theory suggests that paying a. high wages might be profitable because they lower the efficiency of a firm’s work
Greeley [361]

Answer:  Option B                                    

     

Explanation: In simple words, efficiency theory states that direct monetary benefit is the best motivator for the worker and if the employer pays high wage then the worker will definitely work more efficiently.

It further states that higher wage will be covered by the extra benefit that the worker will provide with his or her performance.

Thus, the correct option is B.

4 0
3 years ago
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