Answer: You renovate the second floor of your building to increase the size of the dining room.
Explanation:
Answer:
The correct answer is: decrease in demand.
Explanation:
The equilibrium price and quantity are determined through the intersection of demand and supply curves.
An increase in demand will cause the demand curve to move to the right. This will cause both the price level as well as quantity to increase.
A decrease in supply will cause the supply curve to shift to the left. This will cause the price to increase and quantity to decline.
A decrease in the demand curve will cause the demand curve to shift to the left. This will cause the price as well as quantity to decline.
The prospect of greater market share and setting themselves apart from the competition is an incentive for firms to innovate and make better products. But no firm possesses a dominant market share in perfect competition. Profit margins are also fixed by demand and supply.
A perfectly competitive firm is a price taker, which means that it must accept the equilibrium price at which it sells goods. If a perfectly competitive firm attempts to charge even a tiny amount more than the market price, it will be unable to make any sales.
Perfect competition occurs when there are many sellers, there is easy entry and exiting of firms, products are identical from one seller to another, and sellers are price takers.
The market structure is the conditions in an industry, such as number of sellers, how easy or difficult it is for a new firm to enter, and the type of products that are sold.
Hope this helps:)
Answer:
The amount of dividends paid to common stockholders in 2016 is $4000
Explanation:
The cumulative preferred shares are the shares that accumulate dividends in case the dividends on these shares are not paid or paid partially in a year. The accumulated dividends will need to be paid first whenever the company declares dividends.
The amounts of dividends on preferred share for one year is,
Dividends - Preferred shares = 20 * 0.05 * 1500 = $1500
Thus, the accumulated dividends on these preferred shares at start of 2016 is,
Accumulated dividends - Preferred shares = 1500 * 3 = $4500
The common shares holders are paid after the preferred share holders have been paid. This means that we will deduct the amount of accumulated dividends on preferred shares and the dividends for this year on preferred shares from the total dividends to calculate the amount to be paid to common share holders as dividends.
Common stock dividends = 10000 - (4500 + 1500) = $4000
A decline in the growth rate of labor productivity means that the growth rate in the number of goods or services that can be produced by 1 hour of work has declined.
<h3>What is the labor productivity growth?</h3>
This is used to refer to the growth in the output. This is measured by increase in workers productivity per hour.
It is what causes them to produce more than they would given the number of work hours available.
Read more on labor productivity here:
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