Answer:
C) Learning to fail intelligently
Explanation:
Economics recognizes four factors of production, the first three are land, labor and capital:
- land: includes any raw materials and natural resources used to produce other goods
- labor: human work involved in the production process.
- capital: physical tools and equipment involved in the production process
The fourth and probably most important factor is entrepreneurship. An entrepreneur is the person that combines all the other 3 factors of production into a business. Entrepreneurs take the risk of setting up their own business and many times are great innovators that are able to recognize opportunities and take them.
But doing business is not easy and being an entrepreneur is even harder. No matter how much positive energy and great ideas an entrepreneur has, there is chance that he will fail several times. Creative processes are not linear, they work on a trial and error basis and sometimes that also applies to running a new business. But as the great Micheal Jordan said," the important thing is not how many times you fall, but how many times you stand up."
high energy level
Answer:
3,500 pounds
Explanation:
By applying the below formula we get:
AQ(AP-SP)
USD 5,250 (unfavorable price variance
)
USD 5,250/(AP - SP) = AQ
So,
USD 5,250/(USD 56.50 - USD 55.00)
= 3,500
Answer:
$8.75
Explanation:
The sales tax is on non-grocery is 7%
Sales tax on an item costing $125 will be
=7% of $125
=7/100 x $125
=0.07 x $125
=$8.75
The Consumer Financial Protection Bureau (CFPB) is not well-known to many people. It’s a relatively new government organization that’s part of the Federal Reserve. The CFPB was created after the financial crisis<span> of 2008 to protect consumers – hence the name. Before the CFPB was created, the responsibility to protect consumers was divvied up among several government agencies. But consumer protection is the CFPB’s primary focus. </span>
Answer:
A) an increase in the price of other kinds of candy
Explanation:
If the price of substitute products (other types of candy) increases, then the suppliers of chewing gum can increase their price without the quantity demanded decreasing. If the decrease in the price of chewing gum is smaller than the increase in the price of substitute products, the quantity demanded will increase.
If there was a price increase of the main ingredients used to produce chewing gum, then the supply curve would shift to the left (option B is wrong).
If the workers signed an agreement that lowered their wages, then the supply curve would shift to the right (option C is wrong).
A decrease in the number of young people in the market would decrease the quantity demanded for chewing gum, which in turn would decrease the equilibrium price (option D is wrong).
A decrease in income would also decrease the quantity demanded, which would in turn decrease the equilibrium price (option E is wrong).
