1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mario62 [17]
3 years ago
6

When using a supply-and-demand model to illustrate how land rents are set, economists typically draw the supply curve as a verti

cal line because: __________
a. the supply of land is fixed.
b. the supply of land is perfectly inelastic.
c. the quantity supplied of land does not increase when rents go up.
d. All of these are correct.
Business
1 answer:
aleksklad [387]3 years ago
6 0

Answer:

d. All of these are correct.

Explanation:

In the case when the supply and demand model is used so the rent of the land set, and the economist draw the supply curve in a vertical line as the land supply is in fixed in nature, also it is perfectly inelastic, the quantity supplied does not rise in the case when the rent increased

These all reasons should be there as it is correlated with the price and the amount of the land

Hence, the correct option is d.

You might be interested in
Dean has earned $70,000 annually for the past five years working as an architect for WCC Inc. Under WCC's defined benefit plan (
nadya68 [22]

Answer:

A. $7,350

Explanation:

The computation of the vested benefit is shown below:

= Average salary × given percentage × five years × vesting percentage

= $70,000 × 3.5% × 5 years × 60%

= $7,350

Hence, the correct option is A.

8 0
3 years ago
Clarice became very ill in August of 2019 and was unable to work the rest of the year. She had only $30,000 of income from her j
CaHeK987 [17]

Answer:

total taxable income = $73,000

tax liability = $7,505

Explanation:

Clarice's ordinary income $30,000

Clarice's capital gains:

  • selling of stock = $34,000 - $16,000 = $18,000
  • selling of coin collection = $55,000 - $30,000 = $25,000
  • total long term capital gains = $43,000

Clarice's taxable income = $73,000

Clarice's ordinary income tax rate 2011:

ordinary income = $30,000 - standard deduction $5,800 = $24,200

  • 10% on taxable income from $0 to $8,500  = $850
  • 15% on taxable income over $8,500 to $34,500 = $2,355

ordinary income taxes = $3,205

Clarice's capital gains tax rate 2011 = 10%

capital gains taxes = $43,000 x 10% = $4,300

total tax liability = $7,505

5 0
3 years ago
Elton used a decision rule that says, "only buy well-known brand names" when selecting a television set. he did not look at pric
anzhelika [568]

Answer: C) noncompensatory rule

Explanation:

The non-compensatory rule is used to describe a situation where a person does not believe that the good traits of a product in one area will compensate for perceived bad traits in another area.

For Elton, the good trait is well known brand names and the bad trait is brand names that are not well known. Even if for the brand that is not well known, the price is lower, the discount is higher or the store is well known, these still will not be enough to compensate for the bad trait of not being well known.  

3 0
3 years ago
Market equilibrium is: Select one: a. the point at which a nation reaches full employment b. the time period used to determine t
fenix001 [56]

Answer:So far we have learned to measure real GDP, but how do we end up with that real GDP? Of all of the different amounts of national income and price levels that might exist, how do we gravitate toward the one that gets measured each year as real GDP?

In short, it is the interaction of the buyers and producers of all output that determines both the national income (real GDP) and the price level. In other words, the intersection of aggregate demand (AD) and short-run aggregate supply (SRAS) determines the short-run equilibrium output and price level.

Once we have a short-run equilibrium output, we can then compare it to the full employment output to figure out where in the business cycle we are. If current real GDP is less than full employment output, an economy is in a recession. If current real GDP is higher than full employment output, an economy is experiencing a boom. If the current output is equal to the full employment output, then we say that the economy is in long-run equilibrium. Output isn’t too low, or too high. It’s just right.

Explanation: hope this helps

6 0
2 years ago
Three people were fired at abc corporation. eugene was fired because he was incompetent. rita was fired because she was unethica
Eddi Din [679]
In the given situation, the systems property illustrated is called equifinality. The case says that there three people were fired at ABC Corporation. Eugene was fired because he was incompetent. Rita was fired because she was unethical. Kayla was fired because of economic conditions. Equifinality in business implies that firms may establish similar competitive advantages based on substantially different competencies. The concept is that there are many paths to the same end. The idea states that there are multiple ways to reach a final goal. In open systems, equifinality states that in open systems a given end state can be reached by many potential means.
5 0
3 years ago
Other questions:
  • Wesimann Co. issued 13-year bonds a year ago at a coupon rate of 8.5 percent. The bonds make semiannual payments and have a par
    9·2 answers
  • An executive in a computer software firm works with his office door closed. at the same time every hour he opens the door to see
    11·1 answer
  • Which of the following is a personal drivers of Employee Engagement
    15·2 answers
  • The government of a country increased the minimum wage from $21 to $30. A factory owner had to lay off some of his workers becau
    10·2 answers
  • Would rocks make a good form of money? Explain why or why not?
    13·1 answer
  • In the workplace leaders at every level in every department are important if the company is going to suceed. True or False
    13·1 answer
  • Adding Erik Olin Wright’s concept of contradictory class locations to the Marxist concept of capitalists versus the proletariat,
    14·1 answer
  • Light Me Up Lamps has variable expenses of 50​% of sales and monthly fixed expenses of $ 200 comma 000. The monthly target opera
    13·1 answer
  • Given the accelerated pace of technological change, in combination with deregulation, globalization, and demographic shifts, a f
    13·1 answer
  • Cartwright Brothers preferred stock has an annual dividend of $3.50 per share if the required rate of return on the preferred st
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!