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Marianna [84]
2 years ago
14

1. What's the term for something that seems to be contradictory, but at the same time is perfectly true?

Business
1 answer:
qaws [65]2 years ago
4 0

Answer:

Paradox

Explanation:

A paradox is a statement that seems to say two opposite things but may be true.

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An increase in the price of oil will a. shift the supply curve of oil to the left. b. shift the supply curve of oil to the right
klasskru [66]

Answer:

The correct answer is option c.

Explanation:

An increase in the price of oil will cause the quantity demanded of a commodity to decline and the quantity supplied to increase. This will cause a surplus in the market.

There will be no change in the demand and supply curve.

This is because of the law of demand and supply.

According to the law of demand, the price of a commodity is inversely related to the quantity demanded of the commodity, while other factors are kept constant.

Similarly, the law of supply states that the price of a commodity is positively related to the quantity demanded of a commodity.

The demand and supply curves are not affected by the changes in price, they change as a result of changes in other factors.

3 0
3 years ago
Charles has decided to open a​ lawn-mowing company. To do​ so, he purchases mowing equipment for ​$​, buys gasoline ​($ in gas i
Masja [62]

Answer: $8,600

Explanation:

Implicit cost is also known as the opportunity cost which means that it is the benefit of the next best alternative that was foregone when the current decision was made.

The implicit cost here is therefore:

The $8,000 that Charles could have been making as a lifeguard.

The interest per year he could have been earning on the $5,000 he used to buy mowing equipment.

The depreciation on the mowing equipment because depreciation is not an explicit cost but an implicit one.

= 8,000 + (2% * 5,000) + (10% * 5,000)

= 8,000 + 100 + 500

= $8,600

6 0
3 years ago
Explain six Differences between private and public company​
elena-s [515]
<h3>Question:</h3>

•explain six Differences between private and public company.

Answer:

•In most cases, a private company is owned by the company's founders, management, or a group of private investors. A public company is a company that has sold all or a portion of itself to the public via an initial public offering.

Explanation:

#Let's Study

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6 0
2 years ago
Points out of 1.00 Not flaggedFlag question Question text From the lessee's perspective, in the first year of a lease,
Tasya [4]

Answer:

A) a finance lease will cause debt to increase, compared to an operating lease

Explanation:

3 0
3 years ago
Read 2 more answers
Olivia asks several real estate agents to help her sell her house. A buyer is found. At the closing, no agent receives a commiss
STALIN [3.7K]

Answer: Open Listing

Explanation: The seller sold the real estate herself therefore she did not have to pay a commission.

8 0
2 years ago
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