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3241004551 [841]
3 years ago
14

An economic principle states that the lower the price of a product, the greater the quantity consumers will wish to purchase. Th

is principle is based on the critical assumption that
Business
1 answer:
nikitadnepr [17]3 years ago
5 0
The law of demand is a fundamental principle of economics which states that at a higher price consumers will demand a lower quantity of a good.
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An equation for aggregate expenditure is: ae = $3600 0.8y, in equilibrium, income 'y' = aggregate expenditure 'ae'. solve for y.
lys-0071 [83]
In equilibrium : Y = AE 

<span>Y = $3,600 - 0.8Y 
</span><span>Y + 0.8Y = $3600</span>
<span>1.8Y = $3,600 
</span>Y = $3,600/1.8
Y = $2,000
8 0
4 years ago
Read 2 more answers
Shawn is a regional sales manager of a popular fortnightly magazine. He sets targets for and reviews the performances of the sal
disa [49]

<u>Full question:</u>

Shawn is a regional sales manager of a popular fortnightly magazine. He sets targets for and reviews the performances of the sales representatives of his region. Changes in marketing strategies mandated by the magazine's headquarters authorized Shawn to be solely responsible to bring about the necessary changes in his region. In the given scenario, Shawn is most likely a _____.

A) middle manager

B) team leader

C) first-line manager

D) top manager

<u>Answer:</u>

In the given scenario, Shawn is most likely a middle manager

<u>Explanation:</u>

Middle managers deal with intent perspective and department-level decision making. Middle managers are accountable for each of the areas, as properly as for specific units inside the functional lines. Middle managers are responsible to top management for their department’s function.

They control lower-level managers and encourage them to work better. General managers, branch managers, department managers are all instances of middle-level managers. Middle managers require information from high to know what the plan is and erudition from beneath to track growth and contemporary conditions.

3 0
3 years ago
In a given year, Jennifer earns $50,000 and spends $40,000. During the same period, Stcve earns $30,000 and spends $27,000. If J
elena55 [62]

Answer:

The sales tax is regressive with respect to income

Explanation:

sales tax by Jennifer = 0.1*30000

                                   = 3000

tax/income = 3000/50000

                   = 6%

sales tax by steve = 0.1*27000

                                   = 2700

tax/income = 2700/30000

                   = 9%

The tax increases with decrease in income, it indeed is regressive on the whole.

Therefore, The sales tax is regressive with respect to income

6 0
3 years ago
Just cazuals, a brand of street wear in california, recently advertised its newly launched line of clothing. the firm pays spydr
sashaice [31]

This is an example of Keyword advertising

3 0
3 years ago
If you purchase health insurance from a federal- or state-facilitated health insurance marketplace, then you are eligible for a
Sliva [168]

Answer:

credit.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

A tax incentive can be defined as benefits such as deductions, exclusions or exemptions given by the government to individuals or businesses so as to motivate them to save or spend money by reducing their tax rates i.e the amount of money to be paid as tax.

In the United States of America, if an individual or a patient purchase health insurance from a federal- or state-facilitated (sponsored) health insurance marketplace, then he or she is eligible for a premium tax credit payable by the internal revenue service (IRS).

This ultimately implies that, a premium tax credit is a refundable tax credit and it reduces the amount of money an individual or household would pay for his or her monthly health insurance payments when purchased through the health insurance marketplace.

An example is the Affordable Care Act (ACA) which was formally known as the Patient Protection and Affordable Care Act (Obamacare). It is a federal statute of the United States of America which was enacted by the 111th US Congress and signed into law by President Barack Obama. The Affordable Care Act (ACA) became effective on the 23rd of March, 2010 and it focused on making affordable health insurance available to qualified people or households through cost-sharing reductions and premium tax credits (subsidies).

6 0
3 years ago
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