<span>A demand curve represents the relation between different prices of a commodity and its varying quantities purchased by people at different prices. As a general rule, the more the price, the less the demand. In the scenario described in the question, the demand curve shows the number of tickets that will be purchased at various prices. Ticket is the commodity here and the people who purchase the tickets represent demand.</span>
Answer:
see below
Explanation:
Personal income is the total earning an individual gets from wages, investments, bonuses, dividends, profits, or other ventures. It is the sum of a household income. Personal income is calculated per period, usually one year.
Economic conditions refer to the prevailing state of a country or region's economy. Economic conditions are ever-changing and are influenced by business cycles of expansions and contraction, government fiscal and monetary policies, macroeconomic factors, and global factors. Governments and investor use indicators to tell the state of the economy
Economic conditions impact people's and business income. Government policies and global economics influence the level of economic activities. The expansion period has increased economic activities are leading to increased incomes. At contraction, business activities decline, resulting in reduced income.
Answer:
See explanation below as attached.
Explanation:
1. Predetermined overhead is 139% of direct labor hour
2. Under applied overhead is $6,200
Please find attached breakdown and solution to question 1, 2, 3, 4 and 5.
Answer: $828
Explanation:
Given the following :
Semi-annual payment = $40
Period = 20 years
Number of payments = (20 * 2)(semiannual) = 40 payments
Par value = $1000
Interest rate = 5%
Using the PV table:
PV at $1 (40, 5%) = 0.1420
PVA at $1 (40, 5%) = 17.159
[Par value * PV at $1 (40, 5%)] + [$40 * PVA at $1 (40, 5%)]
= ($1000 * 0.1420) + ($40 * 17.159)
= $142 + $686.36
=$828.36
= $826
Answer:
c. The owner of an intellectual property grants its use to a league in exchange for a fee.
Explanation:
Licensing occurs when: owner of an intellectual property grants its use to a league in exchange for a fee.
