Answer:
Fixed Inputs : ii , iii , vi , vii
Variable Inputs : i , iv , v
Explanation:
Short run is a period in which few factors (inputs) of business can be changed. Fixed Inputs are inputs of the business which are constant in short run. Variable Inputs are inputs of business which are change-able in short run.
Fixed Inputs : Chairs , Upper Management Salary, Computers , 2 Years lease on office & rental space. As, these can't be changed in short run.
Variable Inputs : Shipping , Beads , Hourly Labour. As, these can be changed in short run.
Answer:
$150,000
Explanation:
Amount paid after project completion was =$50,000
The sales revenue for the new company = $550,000
Total deductions =$(250,000+70,000+30,000)=$350,000
Economic profit is the difference between the earned revenue from sell of outputs and cost of all inputs used and any opportunity costs.
In this case, opportunity cost will be the amount received by the web designer after the quit of the project.
Economic profit = $550,000 - $350,000-$50,000 = $150,000
Answer: d. The car is a normal goods for Jim
Explanation: if an individual's income goes up by a certain percentage or amount and, in response, the quantity demanded of good rises by rises in response to the income increase, such good can be considered a normal good. It is also defined as such good for which the income elasticity of demand is positive but less than one. This is the same scenario that has happened with Jim. His demand for better automobile increased as a result of an increase in his income.
Answer: Monetary and fiscal policies
Explanation: Monetary and fiscal policies are two tools of the governments all over the world to stabilize economy in times of depression or recession.
These two can be explained as follows :-
1. Monetary policy refers to the decisions taken by the govt. to stabilize economy by adjusting the interest rates on short term borrowings or by changing the supply of money in the economy as per the need.
2. Whereas in fiscal policy federal govt. use tax collection and expenditure control for coping with depression or recession.
The answer is; "these sites have <span>increased the cross-price elasticity for substitute products".
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When we evaluate the responsiveness
of the demand for any good towards the change in the price of a related good
is known as cross price elasticity of demand and it is
always measured in terms of percentage.
