All categories

3 years ago

Based on the substitution effect, which example reflects how people would likely respond to a rise in gas prices

Business

1 answer:

ki77a [65]3 years ago

4 0

Answer:

People will purchase more fuel efficient cars

Explanation:

People will purchase more fuel efficient cars in order to reduce the consumption of gas.

Better still, this will also leads to increase in the quantity demanded for electric cars; as they did not require gas to operate.

You might be interested in

You would like to know the minimum level of sales that is needed for a project to be accepted based on its net present value.

Andrei [34K]

Answer:

C. financial break-even point.

Explanation:

Break even point in economics is the point in the business, wherein cost and revenue generated are equal and business make no profit, no loss. Similary Financial break even has a same concept, however, it is a point in business, wherein earning before EBIT is equal to the fixed financial cost of the company and these fixed costs should be earned by the company to run its business and meet its fixed financial obligation. The earning above the financial break-even point is a profit to the shareholder.

Point in financial break even, wherein earning per share is equal to zero.

8 0

3 years ago

Cal Lury owes $25,000 now. A lender will carry the debt for four more years at 10 percent interest. That is, in this particular

vitfil [10]

Answer:

$6,185.31

Explanation:

Value of debt at end of 4 years = $25,000 * (1 + 10%)^4

Value of debt at end of 4 years = $25,000 * (1.10^4)

Value of debt at end of 4 years = $25,000 * 1.4641

Value of debt at end of 4 years = $36,602.50

Let x be the annual payments

x * [1 - (1 + 13%)^-12] / 13% = $36,602.50

x * [1 - (1.13)^-12] / 13% = $36,602.50

x * [1 - 0.2307059] / 13% = $36,602.50

x * 0.7692941/0.13 = $36,602.50

x * 5.91764692 = $36,602.50

x = $36,602.50/5.91764692

x = 6185.313266375142

x = $6,185.31

So therefore, his annual payment will be $6,185.31.

4 0

3 years ago

When making a payment of FUTA taxes, the employer must make the payment by the: a.10th of the month after the quarter. b.end of

Murljashka [212]

Answer:

Correct option is D.

End of the month after the quarter.

Explanation:

FUTA taxes must be paid quarterly by the last day of the month following the end of the calendar quarter.

April 30th
July 31st
October 31st
January 31st

5 0

3 years ago

Wendy leaves her job as a dancer to start her own dance studio. As a dancer, she made $34,000 per year. During the studio's firs

brilliants [131]

Answer:

$8,884

Explanation:

The computation of the economic profit is shown below:

= Received amount - dance earnings - insurance paid - music and licensing fees - boom box - rent and utilities

= $60,480 - $34,000 - $4,300 - $1,846 - $150 - $11,300

= $8,884

The economic profit is come from subtracting the explicit cost, implicit cost from the revenue earned and the same is reflected above

4 0

4 years ago

_____ was founded in 1945, one year after the creation of the world bank, to promote trade through financial cooperation and eli

Eva8 [605]

International Monetary Fund (IMF) was founded in 1945, one year after the creation of the world bank, to promote trade through financial cooperation and eliminate trade barriers in the process.
IMF is an international organization headquartered in Washington, responsible for ensuring stability of the international monetary system.

6 0

3 years ago

Read 2 more answers