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3 years ago

Which person is credited with introducing the concept of supply and demand?

1 answer:

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The person is credited with introducing the concept of supply and demand is Adam Smith. Smith, often referred to as the father of economics, explained the concept of supply and demand as an "invisible hand" that naturally guides the economy. Smith described a society where bakers and butchers provide products that individuals need and want, providing a supply that meets demand and developing an economy that benefits everyone.

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A regression analysis of 117 homes for sale produced the following regression equation, where price is in thousands of dollars a

puteri [66]

Answer:

(a). For every additional square foot of area of a house, the price is predicted to increase by $61

(b) The asking price is $145410 and the residual is a negative $4100

Explanation:

As per the data given in the question,

a) From regression equation Slope = 0.061

So slope = (0.061 × 1,000) ÷ 1 sq. ft.

= $61 per sq. ft.

For every additional square foot area price is increased by $61

b) If size of the house is = 1600 square foot then

Price = 47.81 + 1600*0.061

=$145,410

The asked price is $4,100 less than estimated price and residual is not positive

Hence,

Asking price = $145,410

Residual price = a negative $4,100

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3 years ago

This resume format focuses on the task or skills that an applicant can preform :

Sveta_85 [38]

The correct answer is B.

There are a number of ways to format a resume. A functional resume focuses on the tasks or skills that the applicant can perform.

3 0

3 years ago

A manager wishes to improve the job performance of a group of clerical workers. based on herzberg's theory, ________ would be an

Licemer1 [7]

Answer and Explanation:

From the given case/scenario we can state that the manager would choose offering the employees opportunity for the achievement and also recognition . Two factor theory which is also referred to as the Herzberg's hygiene-motivation theory and the dual factor theory, under this there are few certain factors in a workplace which tends to cause the job satisfaction while on the other hand the separate set of another factors tends to cause dissatisfaction, these factors act independently.

4 0

3 years ago

Discuss at least one other type of source or document that would help you analyze the benefits and drawbacks of free enterprise.

PtichkaEL [24]

I would say that Wikipedia could be used to research the benefits and drawbacks of the free enterprise system in terms of the advancement in scientific enquiry that took place during the Renaissance and the Industrial Revolution thanks to the advent of capitalism (after feudalism). On the other hand, the same source could show the adverse working conditions for even women and children in the underground coal mines in England during the Industrial Revolution (intense exploitation).

7 0

3 years ago

Read 2 more answers

Ten years ago, Cary Company issued $1,500,000 of 7 percent, 10-year bonds at a price of 95. On the maturity date of January 2, a

vampirchik [111]

Answer:

Debit Bonds Payable for $1,500,000

Credit Cash for $1,500,000.

Explanation:

Although this bonds were issued at a discount, but the Discount on Bonds Payable account will have zero balance on the day of maturity because of the entry that has been made on each interest payment date.

Therefore, the necessary journal entry for January 2, 2019 to complete is as follows:

Debit Bonds Payable for $1,500,000

Credit Cash for $1,500,000

This entry will appear as follows:

Date Name of Account DR ($) CR ($)

02 Jan '19 Bond payable 1,500,000

Cash 1,500,000

(To record retirement of 10-year bonds at maturity.)

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3 years ago