The Demand Curve is a line that is

Edward is considering buying a home using credit. What are three questions he should ask himself to ensure he is using credit re

Contact [7]

Three of the most important questions he needs to ask are the following: 1. Are you making a big purchase? This is important because the bigger the pruchase the better attention he needs to have into interest rates. 2. <span> How are you paying off your card balance?</span> the payment can be in one payment or in different ones. And 3. <span> Would you like free bonuses with your purchase? some credits offer that some others not. It is very important to have that in mind</span>

5 0

3 years ago

If the price of basketballs goes up from $7.99 to $14.99, what can be expected from suppliers of basketballs as a result?

blagie [28]

If the price of basketballs goes up from $7.99 to $14.99, what can be expected from suppliers of basketballs as a result there will be an increase in quantity supplied.

In economics, quantity supplied represents the number of goods or services that a supplier produces and sells at a given market price. Supply is different from the actual supply (that is, total supply). This is because price changes affect how much suppliers actually put into the market.

A quantity supplied is the quantity of a product that a retailer intends to sell at a specific price, called the delivery quantity. A time period is also usually specified when describing shipping quantities. Example: If the price of an orange is 65 cents, he has a supply of 300 per week.

Learn more about the quantity supplied here: brainly.com/question/28072862

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3 0

2 years ago

Stylist Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been

docker41 [41]

Answer:

Date General Journal Debit ($) Credit ($)

July 31 Fees Earned 520,400

Wages Expense 488,000

Rent Expense 65,000

Supplies Expense 11,200

Miscellaneous Expense 13,900

Marlena Fenton, Capital (57,700)

(To close Revenue and Expense accounts)

July 31 Marlena Fenton, Capital 11,000

Marlena Fenton, Drawing 11,000

Explanation:

Marlena Fenton, Capital = $880,000

Marlena Fenton, Drawing = $11,000

Fees Earned = $520,400

Wages Expense = $488,000

Rent Expense = $65,000

Supplies Expense = $11,200

Miscellaneous Expense = $13,900

Marlena Fenton, Capital = $520,400 -($488,000 + $65,000 + $11,200 + $13,900) = ($ 57,700)

7 0

3 years ago

Last month, you lent a work colleague $5000 to cover some overdue bills. He agreed to pay you in 1 month with interest at 2% for

faust18 [17]

Answer:

There are at least 2 opportunity costs associated with of letting your colleague have another month:

if you invested in the oil-well venture, you could have earned $5,100 x 36% = $1,836 in one year
if you invested in the new IT stock, you could have earned $5,100 x 48% = $2,448 in one year

You could invest in one of these options, or divide your money and invest in both options, e.g. invest $2,000 in the oil company and $3,000 in the IT company. Each different investment proportion results in a different opportunity cost.

Explanation:

Opportunity costs are the benefits lost or extra costs associated to carrying out an investment or activity instead of another alternative. Sometimes you might have several opportunity costs for one investment, e.g. invest in the IT company which is risky, invest in corporate bonds which is less risky or invest in US securities which is a safe investment.

6 0

3 years ago

If total spending rises from one year to the next, then Select one: a. either the economy must be producing a larger output of g

DIA [1.3K]

Answer:

a. either the economy must be producing a larger output of goods and services, or goods and services must be selling at higher prices, or both

Explanation:

Total Spending is the total values of goods & services produced & transacted ( bought, sold ) in an economy, during a period of time.

Total Spending = Price of goods,services x Quantity of goods,services

So, if the total spending increases : It implies that either the quantity of goods & services, or their prices, or both have increased. As, amount spent is a product of both of them.

8 0

3 years ago