Answer:
Once a bill has been enacted into law, it is called an act of the legislature, or a statute. Bills are introduced in the legislature and are discussed, debated and voted upon.
Explanation:
Answer:
A firm is a price taker BECAUSE other firms can dive into the market with ease and manufacture a product that is not so different from every other firm's product. With this, it will not be easy for any firm to set their own prices.
Explanation: A trade that do not affect the price of a commodity if he or she buys or sells shares is called a PRICE TAKER.
Firms in perfectly competition market are price takers because as soon as the equilibrium price is set for a commodity, firms must accept.
Agriculture is an example of a perfect competition since each farmers have no control on the market price .
Also, financial assets like stocks and bonds is a good example too
The law of demand says that at higher prices, buyers will demand less of an economic good.
Answer:
Jet speed = 395
Wind = 7
Explanation:
Let :
Speed of jet = x
Speed of wind = y
Distance = speed * time
With tailwind :
804 = (jet speed + wind speed) * time
804 = (x + y) * 2
804/2 = (x + y) * 2/2
x + y = 402 - - - (1)
Into a headwind :
776 = (jet speed - wind speed) * time
776 = (x - y) * 2
776/2 = (x - y) * 2/2
x - y = 388 - - - (2)
From (1)
x = 402 - y
Put x = 402 - y in (2)
402 - y - y = 388
402 - 2y = 388
-2y = 388 - 402
-2y = - 14
y = 7
x = 402 - y
x = 402 - 7
x = 395