A study of supply and demand conditions in the market for orange juice lies primarily within the realm of microeconomics.
<h3><u>
Explanation:</u></h3>
Micro economics is the field of study that deals with the choices that are made by individuals. It deals with study of how the decisions are made by individuals, household and companies regarding the utilization of resources. It always deals with the markets that are associated with the good and services and also with the economic issues associated with individuals.
Adam Smith is the father of micro economics. In the examples given, A study of supply and demand conditions in the market for orange juice is an example of the micro economics. This is because, it deals with the supply and demand conditions in the market of the orange juice that are consumed by individuals.
Answer:
a common resource when it is congested, but it is a public good when it is not congested.
Explanation:
We live in different areas, across city streets, with roads and they can either be public goods or common resources. Now, when the streets are not congested, it simply means that an individual can freely access the areas without that affecting any other person. In this simple case, the use by one person is not in rival consumption and so the streets are said to be a public good. But when the area is fully congested, people might find it difficult to move around through the areas. The use of the areas could cause negative externalities. Because the place would be overcrowded, people can only move at a slow pace. In this case, the street are said to be a common resource.
Answer:
$2142.57
Explanation:
-The first step is to calculate the security tax and Medicare tax
If the total earning of Portia grant for the month of January is $8,838 then the security tax and FICA Medicare tax can be calculated as follows
Security tax= 6.2/100×8,838
= 0.062×8,838
= 547.95%
Medicare tax= 1.45/100×8,838
= 0.0145×8,838
= 128.15%
-The next step is to calculate the total amount of taxes
The SUTA and FUTA taxes is the amount of tax that is paid by the owner of the organization and as such they are not included in Portia's earning
If the Federal income tax withheld is $1,466.47 then, the total amount of tax withheld from Portia's earning can be calculated as follows
= 547.95+128.15+1,466.47
= $2142.57
Hence the total amount of taxes withheld from Portia's earning is $2142.57
Answer:
D. Corporate social responsibility
Explanation:
Corporate social responsibility are self regulating business activities that aims at contributing to societal goals. It helps the business to be socially accountable to its self, stakeholders and public. It involves engaging in volunteering or ethically oriented practices. The activities described in the question done by foodieZ are corporate social responsibilities.
