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Nina [5.8K]
2 years ago
9

1. The is the sum total of business activity in an area,

Business
1 answer:
levacccp [35]2 years ago
3 0

The <u>economy </u>is the sum total of business activity in an area.

<h3>What is the economy?</h3>

The economy of a country is its status in relation to the production and utilization of goods and services, as well as the supply of money.

This domain includes the:

  • Production,
  • Distribution, and
  • Trading of products and services by various agents.

The economy is described broadly as a social domain emphasizing the activities, discourses, and material manifestations linked with the creation, use, and administration of scarce resources.

Learn more about the Economy here:

brainly.com/question/1690575

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Dennis, who consumes only grilled chicken sandwiches and salads with low-fat dressing, has a weekly income of $100 to spend on f
Kitty [74]

Answer:

1. buy more salads and fewer sandwiches.

Explanation:

As we know that

\textup{MU}_{S}=\textup{Marginal utility of Sadwitches}

\textup{MU}_{SA}=\textup{Marginal utility of Salad}

\textup{P}_{S}=\textup{Price of Sanswithches}

\textup{P}_{SA}=\textup{Price of Salads}

Therefore

\frac{MU_{S}}{MU_{SA}}=\frac{P_{S}}{P_{SA}}

\frac{MU_{S}}{MU_{SA}}=\frac{\$40}{\$40}=1

Now the price ratio is

\frac{P_{S}}{P_{SA}}=\frac{\$3}{\$2}=1.5

It is probable if you rising marginal utility numbering and reduce denominator marginal utility. If you reduce their intake, the MU of a food item will raise. Such decrease in the composition would make the quantity of the food element scarce. And its usefulness goes up. The Numerator here is sandwich MU. And to increase their marginal utility, you can reduce sandwich consumption.

Salad should need just the reverse. You raise salad intake so the MU reduces. Therefore you have to eat more salads and less chicken sandwiches to maximise the utility. So, salad is replaced by sandwiches for chicken.

5 0
3 years ago
Frank Corporation manufactures a single product that has a selling price of $25.00 per unit. Fixed expenses total $64,000 per ye
gavmur [86]

Answer:

Break-even point in units= 10,375

Explanation:

Giving the following information:

Selling price= $25

Fixed cost= $64,000

Break-even point in units= 8,000

<u>First, we need to determine the unitary contribution margin:</u>

Break-even point in units= fixed costs/ contribution margin per unit

8,000 = 64,000 / contribution margin per unit

contribution margin per unit8,000= 64,000

contribution margin per unit= 64,000 / 8,000

contribution margin per unit= $8

<u>Now, the number of units to be sold to make a profit of $19,000:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (64,000 + 19,000) / 8

Break-even point in units= 10,375

8 0
3 years ago
According to the theory of liquidity preference, if the supply of real money balances exceeds the demand for real money balances
Sedbober [7]

Answer:

Sell interest-earning assets in order to obtain non-interest-bearing money

Explanation:

The liquidity preference theory states that investors prefer cash or highly liquid assets to long term assets that carry high risk.

When investors obtain long term assets the charge higher interest rates or premium in order to mitigate associated risk.

In this scenario when the supply of money is higher than demand, there is abundance of non interest bearing money that is highly liquid.

According to the liquidity preference theory investors will sell their interest bearing assets and go for assets with high liquidity (non Interest bearing money)

3 0
3 years ago
Read 2 more answers
Patent laws create a dilemma. The idea behind patent protection is to provide inventors, entrepreneurs, and firms an incentive t
solniwko [45]

Reducing the duration of patent law protection. This would allow firms to recover the costs associated with developing a new product but prevent firms from earning outlandish profits.

Answer: Option D.

<u>Explanation:</u>

The major motive and aim of patent is to increase and encourage the motivation of the producers to innovate and produce new things which can increase the efficiency in the process of production. This is done to increase the innovation.

But if the time of patent of a particular good is reduced then the firm will be able to cover it's cost on the innovation but it would not lead to any kind of inefficiencies as others will also be able to use it after patent is over.

4 0
3 years ago
You are concerned about a matter that has federal implications and is tremendously important in your city. You would like
Fittoniya [83]

Answer:

An example of a bill title could be

"A Act concerning the safety of public spaces"

Explanation:

If you're taking the time to write a bill then you must be concerned about a public issue so you would ask a member of congress (a representative or senate) to see to it that the bill is drafted.

The Bill is drafted by parliamentary draftsmen, who are lawyers skilled in drafting Bills. They ensure that the Bill is clear and unambiguous (unambiguous meaning that the bill is addressing a particular issue and the bill is clear and concise).

Steps in introducing a bill

(1) Creating the Bill

Members of the House of Representatives introduce or sponsor a bill after the bill has been drafted by parliamentary craftsmen. For the house of Representatives, the representative clerk assigns a number to the bill and for the senate a senate clerk assigns a number to the bill.

(2) Commitee Action

A committee is assigned to study the bill after it has been introduced. Commitees are assigned according to their functions , for example if a bill is about fire outbreaks, the committee in charge of fire hazards is assigned to look into the bill. Often a committee will refer the bill to one of its subcommittees. The subcommittee may request reports from government agencies. Experts and interested parties have an opportunity to offer testimony regarding the issue.

After all these are done, the full committee may make a recommendation to pass the bill, to revise (i.e., mark up) and release the bill, or to lay the bill aside (also known as tabling the bill).

(3) Floor Action

If the Bill is recommended to be marked up and released The bill is then returned to the full House of Representatives or Senate for further deliberation and approval. Here, members involved may propose amendments to the bill, add additional any relevant text, or otherwise alter the bill slightly.

(4): Vote

House of Representatives or Senate members vote on their respective versions of the proposed bill.

(5) Conference Committees

A bill must be approved by both Chambers of Congress (The House of Representatives and the Senate).

If the Senate has ammended and passed a bill that the House of Representatives has previously passed or vice versa, the two Chambers begin to resolve any legislative differences between the House of Representatives and Senate versions of the bill by having a conference committee.

When the chambers go to conference, the House and Senate send representatives to bargain and negotiate.

The final compromise is drafted or written in a Conference Report that must have been agreed to by both chambers before it is cleared for presidential consideration.

(6) Presidential Approval

After the bill is passed by both Chambers it is sent to the President for his approval (the president approves by signing the bill). If the Bill is, it becomes a Public Law.

When a President comments on but refuses to sign a bill it becomes a vetoed bill.

A vetoed bill is either rejected or it returns to Congress (The House of Representatives and Senate) for reconsideration.

If the President does not act within 10 days the bill automatically becomes law.

If the President does not sign the bill and the Congress does not act during the 10 days after the bill is sent to the President, the bill is automatically vetoed.

When the last scenario happens, it is known as a pocket veto.

(7) The Creation of a Law

The Public Law is assigned a number by the Office of Federal Register and the Government Printing Office prints a copy of the law.

Laws are issued first in slip form or a single publication. Later it is organized in the order in which it was passed. Finally, it is filed into subject order so that all laws concerning the same topic fall together.

A regular obstacle most bills pass through would be the inability to pass stage 2 ( ie the bill is tabled). This usually happens when an already existing bill solves the stated issue or the stated issue isn't really an issue. For this to be prevented, do research on your bill to see if laws are already in place and check if your bill would cause harm or be detrimental to the general public.

Your bill becomes a statue (a statue is a written law passed by the goverment as opposed to a verbal law or normal/expected code of conduct or a social norm).

For a bill to be cited -

Include:

The name of the bill (and if relevant), the abbreviated name of the regulatory body (either the house of Representatives or the senate H.R. or S.),

The number of the bill,

The number of the Congress, and

The year of the law's publication.

7 0
3 years ago
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