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2 years ago

The law of demand says that as the price of a good decreases, the quantity demanded of the good __________.

Business

1 answer:

masya89 [10]2 years ago

4 0

Answer:

increase

Explanation:

the law is indirectly proportional

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Here's the revenue and expenses for the month. Calculate whether Mia had a profit or loss.

kherson [118]

Answer:

Loss

Explanation:

Because she started with 860.00 then ended with 300

4 0

3 years ago

Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently

V125BC [204]

AFC mean average fixed costs. This is equal to total fixed costs divided by the amount of output. If the output is equal to 1000, then the AFC is

AFC = $250.00 ÷ 1,000
AFC = $ 0.25

I hope I was able to answer your question. Thank you and have a good day.

6 0

3 years ago

Jurisdiction M imposes an individual income tax based on the following schedule.

labwork [276]

Answer:

D) Both A. and B. are true.

A) The schedule provides no information as to whether Jurisdiction M's tax is horizontally equitable.
B) Jurisdiction M's tax is vertically equitable.

Explanation:

When we are talking about horizontal equity of a tax, we are talking about how the tax base is measured and the ability that taxpayers have to pay the tax. There is nothing here about tax base or taxpayers' ability to pay.

On the other hand, vertical equity deals with the tax rate structure. In this case, the tax rate is progressive, meaning that it increases as the taxpayers' income increases. Progressive taxes are vertically equitable.

8 0

3 years ago

Economic cost can best be defined as: (a) any contractual obligation that results in a flow of money expenditures from an enterp

Andreas93 [3]

Answer:

(d) all costs exclusive of payments to fixed factors of production.

Explanation:

The cost involved in the first three options is considered by economists as accounting cost. Economic cost involves the accounting cost, but it is added to the opportunity cost, which is the remuneration that an economic agent fails to receive for practicing one economic activity and not another.

For example, a business owner has fixed production costs, but it should add to his opportunity cost to be working in that firm rather than another economic activity.

8 0

3 years ago

4. John Payer, owner of Payer's Garage, estimates he will need $55,000 for

densk [106]

Answer:

29365

Explanation:

Compound interest means that the interest you earn each year is added to your principal, so that the balance doesn't merely grow, it grows at an increasing rate, therefore John needs to put aside today $29.365 as a compound interest rate of 8% will yield as follows:

Year = Principal+interest=New Balance/Principal

Year 1: $29,365 + $2,396 = $31,761

Year 2: $31,761 + $2,591 = $34,352

Year 3: $34,352 + $2,803 = $37,156

Year 4: $37,156 + $3,031 = $40,188

Year 5: $40,188 + $3,279 = $43,467

Year 6: $43,467 + $3,546 = $47,014

Year 7: $47,014 + $3,836 = $50,850

Year 8: $50,850 + $4,149 = $55,000

3 0

3 years ago