How does a subsidy affect supply?
A subsidy by nature increases the purchasing power of the individual or class it is awarded to. It's like free money that can only be spent on certain things.
Answer:
The correct answer is D.
Explanation:
Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another as goods but not perfect substitutes (such as from branding, quality, or location). In monopolistic competition, a firm takes the prices charged by its rivals as given and ignores the impact of its own prices on the prices of other firms.
Monopolistic competitive markets:
have products that are highly differentiated, meaning that there is a perception that the goods are different for reasons other than price;
have many firms providing the good or service;
firms can freely enter and exits in the long-run;
firms can make decisions independently;
there is some degree of market power, meaning producers have some control over price; and
buyers and sellers have imperfect information.
One current consumer trend is consumers who allow others to borrow a good or service for a small fee, usually done on an on-line platform. this is referred to as Sharing Economy.
The sharing economy is an economic model defined as peer-to-peer (P2P)-based activities of obtaining, providing, or sharing access to goods and services, often facilitated through online community-based platforms.
Under capitalism, the sharing economy is a socio-economic system built around the sharing of resources. It often involves a way of purchasing goods and services that differs from the traditional business model of a company that employs people to manufacture the products it sells to consumers.
Learn more about Sharing Economy here: brainly.com/question/28050979
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The term which refers to the innovations that could improve financial services is; Choice B; Fintech.
<h3>What is fintech?</h3>
Finance: This is the science of management of money and other assets.
Technology is the use of modern knowledge and equipment to perform an activity.
The term fintech in its simplest meaning refers to financial technology which involves the application of technological knowledge to the trading of financial services.
Such financial services may range from peer to peer lending, mobile wallets among a host of other types of services.
Hence, it follows that the general term which refers to innovations that could improve financial services is; Choice B; fintech.
Read more on fintech;
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Answer:
a) $23,260 b) = $128,860
Explanation:
The question is divided into two parts
part A) calculate the amount of fixed cost incurred each month by Zachery Boat Company
Step 1: We calculate the Variable Cost per unit as follows:
Variable Cost per unit= The Changes in total cost / the change in volume
= ($160,540 - $49,000) / (208 boats- 39 boats )
= $111,540 / 169 Boats
= $660 per boat
Step 2: Now determine the fixed cost
Fixed cost = The total cost incurred (high) - the variable cost( 208 boats x $660 per boat)
= $160, 540 - $137,280
= $23,260
Part b) We calculate the total estimated costs if 160 boats are made
= Total costs = The fixed cost (determined above) + The variable cost (160 boats x $660 per boat)
= $23,260 + $105,600
= $128,860
