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
REY [17]
2 years ago
7

What is equilibrium in econ

Business
1 answer:
AURORKA [14]2 years ago
4 0

Answer:

when supply meets demand

Explanation:

You might be interested in
Federal Reserve Banks directly affect the national economy by:
liubo4ka [24]
Increasing and decreasing money supply
3 0
3 years ago
Read 2 more answers
Suppose nominal GDP in the base year was $380 million. Five years later, nominal GDP was $480 billion and the GDP price index wa
Ostrovityanka [42]

Answer: increased by $20 billion

Explanation:

Real GDP is year of interest is:

= (Nominal GDP in year of interest/ GDP Price index in year of interest) * 100

= 480/120 * 100

= $400 billion

Nominal GDP is equal to Real GDP in base year so increase in real GDP is:

= 400 - 380

= $20 billion

6 0
3 years ago
If the Market Equilibrium Wage Rate is $105.00 and FC = $1500.00: A. The firm Shuts Down and hires no workers and loses $1500.00
Eduardwww [97]

Answer: B. The firm hires 45 workers and earns a $1200.00 Economic Profit

Explanation:

According to the table, when the Market Equilibrium Wage Rate is $105, the number of workers to hire would be 45 and the revenue would be $7,425.

If 45 workers are hired, they would cost:

= 45 * 105 per worker

= $4,725

Added to the fixed cost, the total cost would be:

= 4,725 + 1,500

= $6,225

The profit would be:

= Revenue - cost

= 7,425 - 6,225

= $1,200

3 0
2 years ago
A popular soft drink is sold in 2​-liter ​(​2000-milliliter) bottles. Because of variation in the filling​ process, bottles have
saul85 [17]

Answer:

The answer is below.

Explanation:

The z score is a used in statistics to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:

z=\frac{x-\mu}{\sigma}\\\\where\ x=raw\ score, \mu=mean,\sigma=standard\ deviation\\\\For\ a\ sample\ size(n):\\\\z=\frac{x-\mu}{\sigma/\sqrt{n} }

a) Given that n = 100, μ = 2000, σ = 18

For x < 1995 millimeters:

z=\frac{x-\mu}{\sigma/\sqrt{n} }=\frac{1995-2000}{18/\sqrt{100} }  =-2.78

From the normal distribution table, P(x < 1995) = P(z < -2.78) = 0.0027

b) P(z > z*)  = 10% = 0.1

P(z < z*) = 1 - 0.1 = 0.9

z* = 1.28

z*=\frac{x-\mu}{\sigma/\sqrt{n} }\\\\1.28=\frac{x-2000}{18/\sqrt{100} }\\\\x-2000  =-2.304\\\\x=2002.3\ ml\\\\

From the normal distribution table, P(z < z

6 0
3 years ago
Do you think you could be an accountant? List three reasons why or why not.
kirill115 [55]
These questions are for your opinion.
7 0
2 years ago
Other questions:
  • When an sbu has become a _____________, it is essential to either invest in it heavily to gain better market share, acquire comp
    5·1 answer
  • Businesses typically enter into areas where there is competition. a. True b. False
    11·2 answers
  • Which photo Grapher is famous for his or her work at Yosemite national park?
    11·2 answers
  • North Company sells a single product. The product has a selling price of $30 per unit and variable expenses of 70% of sales. If
    6·1 answer
  • Blossom Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, th
    12·1 answer
  • Consider an economy with two sectors: manufacturing and services. Demand for labor in manufacturing and services are described b
    10·1 answer
  • If we standardized both variables, what would be the regression equation that predicts standardized mortgage amount from standar
    13·1 answer
  • Lake House. Harry has two houses, a house on the lake and a house in town. Rebecca wants to buy the house on the lake. Harry and
    12·2 answers
  • One of your friends has opened a new wholesale electronics business and wants your help figuring out some inventory issues they
    5·1 answer
  • All businesses deal with unhappy customers at some point, and they typically follow this pattern in these situations: call the c
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!