Why are workers really quitting? you can boil it down to 1 simple reason

Saul Goodman graduates from law school and gets a position in a law firm. At the same time the price of pizza falls while other

kumpel [21]

Yes, Saul Goodman is violating Law Of Demand.

<h3><u>What is Law of Demand?</u></h3>

One of the most fundamental ideas in economics is the law of demand. It explains how market economies distribute resources and set the prices of goods and services that we see in daily transactions by combining the law of supply.
According to the law of demand, the quantity bought varies inversely with price. In other words, the quantity demanded decreases as the price increases. Because of declining marginal utility, this happens.
In other words, consumers utilize the initial units of an economic good they buy to fulfill their most pressing requirements first, and they use the subsequent units to fulfill progressively lower-valued goals.

Since, Saul Goodman bought less pizza after its price drop, he's violating the law of demand.

Know more about Law of Demand with the help of the given link:

brainly.com/question/10782448

#SPJ4

6 0

2 years ago

Splish Company provides the following information about its defined benefit pension plan for the year 2017. Service cost $110,00

kipiarov [429]

Answer: $155,520

Explanation:

Pension Expense = Service Cost - Expected return on plan assets + Prior service cost amortization + Interest cost

Interest Cost

= Interest rate * Projected benefit obligation

= 0.09 * 728,000

= $65,520

Pension Expense = 110,000 - 30,000 + 10,000 + 65,520

= $155,520

3 0

4 years ago

An investor has $25,000 that he can invest today. In addition to this amount, he can also invest $12,000 per year for 30 years (

TiliK225 [7]

Answer:

Explanation:

First, find the Future Value (FV) of the annuity deposits and the one time payment. You can do that using a financial calculator with the following inputs;

N = 30

I/Y = 8%

PV = -25,000

PMT = 12,000

then compute the future value ; CPT FV = $1,610,964.96

Next, the $1,610,964.96 the amount the investor will have at the beginning of retirement in order to make annual withdrawals. Therefore, that would be the new PV you will use to find the annuity amount as follows;

N = 25

I/Y = 8%

PV = -1,610,964.96

FV = 0

then compute annual deposits; CPT PMT = $150,913

6 0

3 years ago

A local bagel shop produces two products: bagels (B) and croissants (C). Each bagel requires 6 ounces of flour, 1 gram of yeast,

irakobra [83]

Answer:

Consider the following calculations

Explanation:

Let X be Bagels and Y be croissants

Profit:

20X+30Y

Subject:

6X+3Y<=6600

1X+1Y<=1400

2X+4Y<=4800

Critical points are

(0,1400) , (800,600) , (1100,0)

So

Max at 0,1400 and P =4200

5 0

4 years ago

You can receive 400,000 five years from today or 1,000,000 thirty years from today. what interest rate makes them equivalent?

deff fn [24]

Answer:

3.73%

Explanation:

The computation of the rate of interest that makes the equivalent is shown below:

As we know that

Present value=Cash flow × Present value discounting factor ( interest rate% , time period)

Let us assume the interest rate be x

where,

Present value of $400,000 is

= $400,000 ÷ 1.0x ^5

And,

Present value of $1,000,000 be

= $1,000,000 ÷ 1.0x^30

Now eqaute these two equations

$400,000 ÷ 1.0x^5 = $1,000,000 ÷ 1.0x^30

(1.0x^30) ÷ (1.0x^5) = $1,000,000 ÷ $400,000

1.0x^(30 - 5)=2.5

1.0x^25=2.5

1.0x = (2.5)^(1 ÷ 25)

x =1.03733158 - 1

= 3.73%

3 0

3 years ago