The labor demand elasticity is 0.47 in absolute terms.
Define Wage Rate.The fundamental remuneration for each unit of output or of time is quantified by wage rates. It depends on either the quantity of production hours or workplace productivity.
The labor market's elasticity measures how sensitively the demand for labor responds to changes in wage rates. It quantifies the proportionate change in labor demand when the wage rate varies proportionately, to put it another way. Given that it takes time for individuals to react to changes in relative earnings, the supply curve of labor is often inelastic in the near run.
To know more about Wage Rate, visit:
https://brainly.com/question/14122234
#SPJ4
what phrases can lawn care companies licensed to apply pesticides lawfully make according to the michigan department of agriculture and rural development
Applicators are certified by the MD and fully covered by liability insurance is the phrases can lawn care companies licensed to apply pesticides lawfully make according to the michigan department of agriculture and rural development.
What is liability insurance?Liability insurance helps protect your finances if you are held responsible for someone else's injuries or property damage. Liability coverage is typically included in property and auto insurance packages, including homeowners and auto insurance.
Liability insurance will pay for any injuries to third parties as well as any physical damage you may have caused to another person's property. One type of damage that may be considered is hospital and medical costs.
Thus, Applicators are certified by the MD.
For more information about liability insurance, click here:
https://brainly.com/question/1530286
#SPJ1
tryst energy inc. has an average age of inventory of 65 days, an average collection period of 60 days and an average payment period of 65 days. the firm's total annual outlays for operating cycle investments are $3.65 million. assuming a 365-day year, how much financing is required to support its cash conversion cycle? $559,000 $600,000 $700,000 $650,000
$600,000 financing is required to support its cash conversion cycle.
Finance is the have a look at and area of cash, forex and capital property. it's miles associated with, but no longer synonymous with economics, the study of manufacturing, distribution, and consumption of money, assets, items and services (the discipline of economic economics bridges the two). Finance sports take vicinity in financial systems at various scopes, thus the field may be kind of divided into personal, company, and public finance. In a economic system, property are offered, bought, or traded as economic instruments, including currencies, loans, bonds, stocks, stocks, alternatives, futures, and many others.
LEarn more about financing
https://brainly.com/question/26499492
#SPJ4
a manager utilizes contribution margin matrix analysis to evaluate her menu. what would be a good marketing strategy to use on an item she determines is very popular but has a low contribution margin? a. reduce the item's price b. reduce the item's prominence on the menu c. remove the item from the menu d. promote the item well
If she finds an item that is really popular but has a low contribution margin, lowering its prominence on the menu might be a smart marketing move.
The correct option is (b)
What is marketing?Marketing is the process of discovering, developing, and delivering value to satisfy a target market's needs for products and services, possibly involving a choice of a target market; Product placement in media or with people thought to have the ability to influence other people's purchasing decisions; the operation of advertising campaigns; participation in trade shows and public events; the design of products and packaging attractive to consumers; the definition of terms of sale, such as price, discounts, and return policies; agreements with retailers, wholesale distributors, or resellers; and attempts to create strategies that could help. The seller, who is often a retailer or manufacturer, is responsible for marketing.
To learn more about marketing, visit:
brainly.com/question/25754149
#SPJ4
corporate marketing ethics policies should most likely address distributor relations, advertising standards, customer service, pricing product development, and general ethical standards. true false
True - corporate marketing ethics policies should most likely address distributor relations, advertising standards, customer service, pricing product development, and general ethical standards.
Advertising is the manner of exploring, creating, and turning in value to meet the wishes of a target marketplace in phrases of products and services;[1][2] doubtlessly along with choice of a audience; choice of certain attributes or subject matters to emphasise in marketing; operation of advertising and marketing campaigns; attendance at exchange indicates and public events; design of merchandise and packaging appealing to consumers; defining the phrases of sale, such as rate, discounts, assurance, and return coverage; product placement in media or with humans believed to steer the shopping for conduct of others.
Learn more about marketing here
https://brainly.com/question/25754149
#SPJ4
Which of the following is NOT considered to be a characteristic of a project? Select one: O a. Specified life span with an unspecified beginning and an end O b. Specific time, cost and performance requirements O c. An established objective Od. A unique product Previous
The correct Answer is Option A. The demand for project management is also fueled by the knowledge explosion, which also encourages its use to produce better goods, services, and solutions.
Professional in project management. a person who has completed the Project Management Institute's specified education and experience criteria, committed to abide by its code of professional behaviour, and passed a test meant to impartially evaluate and measure their understanding of project management. Application of a project management system, which enables the administration of many activities and the completion of more tasks in less time, is increased by the need for multi-project management.
To learn more about project management. please click on below link
https://brainly.com/question/15404120
#SPJ4
any service provider that offers time-sensitive services receives most of its revenue during a. low demand. b. heavy use time. c. peak demand. d. the off-season. e. preferred demand.
The Correct option is C. any service provider that offers time-sensitive services receives most of its revenue during peak demand.
The peak calling for an electrical grid is genuinely the highest electrical power demand that has come about over a certain time period (Gonne 2008). height call for is typically characterized as annual, daily, or seasonal and has the unit of strength.
height call for, peak load, or on-peak are phrases utilized in energy call for management describing a period wherein electric power is predicted to be furnished for a sustained duration at a notably better than common deliver level. top call for fluctuations may also occur on daily, monthly, seasonal, and every-year cycles.
For an electric-powered utility enterprise, the real factor of top demand is an unmarried half-hour or hourly period which represents the highest factor of client intake of strength. at the moment there's a mixture of office, and domestic calls for and at some times of the year, the fall of darkness.
To learn more about peak demand visit here:
brainly.com/question/13167452
#SPJ4
it is cheaper for a cable company's customers to sign up for a package that includes cable, internet, and phone service than for them to purchase each of these services individually. this is an example of
It is cheaper for a cable company's customers to sign up for a package that includes cable, internet, and phone service than for them to purchase each of these services individually. This is an example ofis an example of product-bundle pricing.
Purchasing is the technique that includes commercial enterprise or organization makes use of to acquire items or offerings to accomplish its dreams.
Although there are several agencies that try and set requirements for the shopping procedure, methods can range substantially among businesses.
Kind of purchases :
Private Purchases.Mercantile purchasing. Business shopping.Purchasing is becoming a middle competency of the firm, locating and growing providers and bringing in expertise that is notably valued through the company. Buying is normally responsible for spending greater than 50 percent of all of the sales the firm receives as income from income.
Learn more about Purchase here:-brainly.com/question/27975123
#SPJ4
oil services corp. reports the following eps data in its annual annual report (in million except per share data). net income $3,654 earnings per share: basic $1.56 diluted $1.54 weighted average shares outstanding: basic 2,344 how many weighted average shares were dilutive during the year?
Weighted average shares were dilutive during the year is 14 million.
Basic earnings per share = Net income / weighted average shares
= 1827/1172
= 1.55887
Net income / Diluted = 1827/1.54 = 1186
Diluted shares = 1186 - 1172
= 14 million
The weighted average number of shares is calculated by taking the number of shares outstanding and multiplying the portion of the reporting period covered by those shares for each portion and finally adding up the total.
Simply put, averaging means buying more shares when the price falls in order to reduce the total cost of holding.
The shares with the lowest price are sold first, regardless of the holding period. Stocks with long holding periods are sold first, starting with those with the lowest cost.
Learn more about average shares here : https://brainly.com/question/23318127
#SPJ4
when individuals evaluate their portfolios, they should evaluate: group of answer choices all the u.s. and non-u.s. stocks all marketable securities all marketable securities and other liquid assets all assets all assets and liabilities
When individuals evaluate their portfolios, they should evaluate: all assets and liabilities.
Hence, Option D is correct
What do you mean by Portfolio?
The main goal of portfolio management is to assist in choosing the best investment options in accordance with one's income, age, time horizon, and risk tolerance. However, investors should select a management style that matches their investment style in order to get the most out of portfolio management.Utilize the following five evaluation criteria: earnings momentum, asset usage, capital structure, present and forecast profitability, and intrinsic rather than market value. Check to see if a stock's attributes fit your risk tolerance levels and if an investment is consistent with your asset allocation.To know more about Portfolio here
https://brainly.com/question/25929259
#SPJ4
estion 8 of 16 >
Macmillan Learning
The overall population for Region A is 103 million people. The labor force contains 50 million people, 26 million people are
employed, and 24 million are unemployed. What is the unemployment rate? Round your answer to two decimals.
%
The unemployment rate is 0.48. Unemployment Rate = Unemployed Force / Total Labor Force, which is 24÷50= 0.48.
What is the unemployment rate?The unemployment rate can be understood as the percentage of the labour force without a job. It generally rises or falls in the wake of changing economic conditions, rather than anticipating them which shows it is a lagging indicator This rate can be expected to rise when the economy is in poor shape and jobs are scarce. If the economy grows at a healthy rate and jobs are relatively many, it can be expected to fall.
The unemployment rate refers to the percentage of unemployed individuals in an economy among individuals currently in the labour force.
Learn more about unemployment, here:
https://brainly.com/question/14227610
#SPJ1
the imc planning team for a popular fashion label is focused on developing an international imc campaign that limits costs and maintains brand essence by using the same artwork and photography in all countries. which type of planning approach is this team most likely to use?
The imc planning team for a popular fashion label is focused on developing an international imc campaign that limits costs and maintains brand essence by using the same artwork and photography in all countries by Centrally conceived campaign.
What is the fundamental reason for IMC plan?
The American Showcasing Affiliation characterizes IMC as "an arranging interaction intended to guarantee that all brand contacts got by a client or prospect for an item, administration, or association are pertinent to that individual and steady over the long haul."
What are the four components of the IMC methodology?
Rundown. To actually speak with the objective market, IMC ought to be painstakingly arranged and execution. The execution includes utilizing the four parts of the special blend: advertising, deals advancements, individual selling, and publicizing.
Which of coming up next is the best meaning of an IMC advertising effort?
Incorporated promoting correspondence (IMC) can be characterized as the interaction used to bind together showcasing correspondence components, for example, advertising, online entertainment, crowd examination, business improvement standards, and publicizing, into a brand personality that stays predictable across particular media channels.
Learn more about IMC here:
https://brainly.com/question/29672993
#SPJ4
according to vroom's decision tree model, which situation factor is present in the time-driven decision tree, but not considered in the development-driven tree? a. group support b. leader expertise c. group expertise d. decision significance e. importance of commitment
One knowledge management model is time-driven leadership. Leaders motivate followers to take on challenging and better tasks.
Using the listed seven variables will enhance the manager's capacity to lead, according to the time-driven leadership paradigm. These components might make the decision-making process more effective. According to the theory, the autocratic management style is only appropriate in situations where employee commitment is irrelevant. The model suggests that we should place more emphasis on seven factors that collectively make some decision-making factors more effective in specific circumstances while making other decision-making factors less effective, and less emphasis on autocratic, consultative, facilitative, and delegative circumstances. "The process of taking charge of a team or organization" This is how "leadership" is defined in the Oxford Dictionary. Simply defined, being a leader involves taking chances and questioning the status quo.
Learn more about Leadership here:
https://brainly.com/question/29803043
#SPJ4
a hospital has not insured itself for malpractice claims with a third-party insurer. which of the following statements best expresses the general rule regarding the reporting of liabilities for malpractice claims on the face of the balance sheet? select one: a. they should be reported only to the extent that judgments and settlements are due and payable. b. they should be reported if it is highly likely that the disputes ultimately will be resolved in favor of the claimants. c. outstanding claims should be described in the notes to the statements; adjudicated and settled claims should be reported if they have not been paid d. they should be reported if it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated.
They should be reported if a loss is likely to have occurred and the amount of the loss may be fairly anticipated expresses the general rule regarding the reporting of liabilities for malpractice claims on the face of the balance sheet.
How should malpractice claims be handled?Entities must recognize liability for the projected total expenses of medical malpractice at the time the occurrence possibly leading to a claim occurs, according to FASB ASC 954-450-25-2. An estimate of this type should be collected as a gross sum, not reduced by prospective insurance reimbursements. Recognizing that you are an imperfect human being who will make mistakes will help you lessen your chances of causing injury and being successfully sued. Begin with effective risk management, based on the old adage of the four Cs: compassion, communication, competence, and charting.
To know more about malpractices visit:
brainly.com/question/20226872
#SPJ4
Which of the following is NOT a production technology that enhances production and productivity?
A.
automatic identification systems
B.
service blueprinting
C.
process control
D.
vision systems
A service blueprint is not a production technology that enhances production and productivity. Therefore option (b) is the right.
All other choices include using technology to increase output and productivity.
Service blueprints are maps or diagrams that show the entire service process. It shows the connections between various elements of a service, such as personnel, tools, and procedures. A description of the customer service procedure is given. The objectives that each user has along the way are shown as part of a specific customer journey.
It is a tool that shows the customer experience; it is not a technology that increases output or productivity.
To learn more about the service blueprint
https://brainly.com/question/7577386
#SPJ4
If the Fed wanted to increase the money supply, it would make open market a. purchases and lower the discount rate b. sales and lower the discount rate. c. purchases and raise the discount rate. d. sales and raise the discount rate. To decrease the money supply,
If the Fed wanted to increase the money supply, it would make open market purchases and lower the discount rate
increase in the monetary base has two impacts: it lowers interest rates which attract investment, and it places more cash in the pockets of consumers, who makes them better and stimulates consuming. By reducing the reserve minimum capital requirements, which enable them to lend extra money, the Fed may enhance the monetary supply. The Fed can decrease the supply of money by increasing the deposit requirements for banks, on the other hand. In a discounted future cash flow (DCF) analysis, the interest interest rate that is used to compute the expected cash flows flows. This assists in establishing whether future financial flows out of an investment or project will be value beyond the capital spending required to back the investment or project.
Learn more about Fed here:
https://brainly.com/question/20628585
#SPJ4
the following information relates to halloran co.'s accounts receivable for 2021: accounts receivable balance, 1/1/2021 $ 848,000 credit sales for 2021 3,440,000 accounts receivable written off during 2021 56,000 collections from customers during 2021 3,070,000 allowance for uncollectible accounts balance, 12/31/2021 208,000 what amount should halloran report for accounts receivable, before allowances, at december 31, 2021?
Accounts Receivable, before allowances on December 31, 2021, is $1,162,000.
Accounts receivable is the money that is owed to a company by its customers for goods and services that have been provided but not yet paid for. It is recorded as an asset on a company's balance sheet and is typically reported as a current asset due to the short repayment terms.
Calculate the ending balance of Accounts Receivable, before allowances:
Beginning Balance of Accounts Receivable (1/1/2021) + Credit Sales (2021) - Accounts Receivable Written Off (2021) - Collections from Customers (2021)
= $848,000 + $3,440,000 - $56,000 - $3,070,000
= $1,162,000
Report the Accounts Receivable, before allowances, on December 31, 2021:
Accounts Receivable, before allowances = $1,162,000
For more questions like Accounts receivable click the link below:
https://brainly.com/question/22591475
#SPJ4
what were the proceeds of the issue to the company?a-2. what were the proceeds of the issue to the shareholders?b. how much commission did the underwriters receive?c. how much money was left on the table?d. what was the cost of the underpricing to the selling shareholders
Initial public offering (IPO) were the proceeds of the issue to the company and the shareholders.
A private corporation may issue new shares to the public for the first time through a process known as an initial public offering (IPO). An IPO enables a business to attract equity funding from the general public.
Since current private investors often receive a share premium during the transition from a private to a public business, it can be crucial for private investors to do so. In the meanwhile, it permits public investors to take part in the offering. An initial public offering (IPO) is the procedure of selling fresh shares of stock to the general public in a private firm.
Companies that want to hold an IPO must adhere to Securities and Exchange Commission (SEC) and exchange standards.
To know more about Initial public offering (IPO) visit:
https://brainly.com/question/28320180
#SPJ4
voluntary agreements among business, government, and society to achieve goals are called multiple choice collaborative partnerships. community relations. social capital. social investment.
Voluntary agreements among businesses, government, and society to achieve goals are called collaborative partnerships.
An agreement is a manifestation of mutual assent by using or more humans to each other. it is a meeting of the minds in a commonplace aim and is made thru provide and popularity. An agreement can be proven from words, behavior, and in some instances, even silence.
A basic settlement is a written tool of expertise, negotiated among an organization or contracting hobby and a contractor, that (1) consists of agreement clauses making use of destiny contracts between the parties at some stage in its term and (2) contemplates separate destiny contracts in order to incorporate through reference.
Learn more about agreement here:
https://brainly.com/question/984979
#SPJ4
you purchase 200 shares of a stock at a price of $70 per share. you purchase 200 call options on the stock with exercise price of $72 and a call premium of $5.75 per call option. you also write (sell) 300 put options on the same stock with exercise price of $68 and put premium of $2.87 per put option. all the options expire on the same date. calculate the profit on your entire strategy (portfolio) at the expiration of the contracts if the stock price at that time is $77.90. (assume you sell all your shares the date that the options expire.)
The profit on your entire strategy (portfolio) at the expiration of the contracts if the stock price at that time is $77.90 is $2471.
Profit on the strategy=Profit from shares+Profit from long calls+Profit from short puts=200*(77.90-70)+200*(MAX(77.90-72,0)-5.75)+300*(-MAX(68-77.90,0)+2.87)
=2471.00
A portfolio is a hard and fast of monetary investments like stocks, bonds, commodities, coins, and cash equivalents, which include closed-quit budget and exchange traded budget (ETFs). humans typically keep in mind that shares, bonds, and cash include the middle of a portfolio.
A portfolio is a set of financial investments like shares, bonds, commodities, coins, and coins equivalents, consisting of closed-stop price range and trade traded charge variety (ETFs).
Humans typically trust that stocks, bonds, and cash encompass the center of a portfolio.
Learn more about portfolio here : brainly.com/question/25929259
#SPJ4
catherine wilhelm invested $10,000 today in a fund that earns 8%. how much will the investment be worth in 3 years? how much will it be worth in 3 years if it compounds semi- annually?
Divide 72 by the investment return to use the formula (the interest rate your money will earn). The response will reveal how many years it will take for your money to double. For instance: It will take 24 years to double your money if it is in a savings account yielding 3% annually (72 / 3 = 24).
Compound interest is calculated using a formula that takes into account the principal, P, the nominal interest rate, I and the quantity of compounding periods. If the interest is compounded, you would apply the formula P[(1+i)n-1] to determine the total amount of interest. In order to compute compound interest, multiply the principle of the original loan by the yearly interest rate multiplied by the number of compound periods minus one. Interest that is compounded semiannually indicates that it is calculated twice a year on the basis of the principal plus the results of the computation of the compound interest rate from the previous term.
To learn more about investment click on the link below:
brainly.com/question/10908938
#SPJ4
Excess capacity is the amount by which the exceeds the quantity that the firm produces. A. profit maximizing quantity B. mark up c. efficient scale D. cost minimizing quantity
The correct answer is D. Cost Minimizing Quantity which is the level of production that minimizes the total cost of production.
Excess capacity is the amount by which the actual capacity of a firm exceeds the quantity that the firm produces. This is usually measured in terms of output, labor, or capital. Excess capacity can occur for a variety of reasons, including technological advancements, changes in consumer demand, or overinvestment in production capacity.
The cost-minimizing quantity is the quantity of output that a firm produces at the lowest possible cost. This quantity is determined by the firm's production function, which shows the relationship between the inputs used in production and the output produced.
For more questions like Excess capacity click the link below:
https://brainly.com/question/17032334
#SPJ4
dependence on world markets is the reason for which of the following? multiple choice question. supply stability in u.s. agriculture demand stability in u.s. agriculture demand volatility in u.s. agriculture price ceilings in u.s. agriculture
The following agriculture demands stability in u.s. Option B.
Market globalization brings about increased interdependence between markets. global economy multi-nationality of procurement manufacturing trade and investment activities increasingly cross borders. increased competition between deals and financing;
Globalization lowers manufacturing costs. This means that businesses can offer consumers lower prices. The average cost of goods is an important aspect that helps improve living standards. It also gives consumers access to a wider variety of products. The main motive of multinational corporations is to provide financial support to their own governments. The main motive is profit for foreign countries.
Learn more about Globalization here:- https://brainly.com/question/1133228
#SPJ4
The value of the owners' interests is the same asshort-term liabilities.equity.revenue minus costs.liabilities minus assets.profits plus revenue.
The correct Answer is Profits plus revenue, The value of the owners' interests is the same asshort-term profits plus revenue.
The owners' interests are worth the same as the short-term liabilities from Choice. Liabilities less assets equal equity. Revenue less costs equal profits plus revenue. Liabilities less assets equal equity. It is best to think of the balance sheet as the of the company. Bottom line snapshot movie for multiple-choice transactions Required Information: Liabilities minus Assets equals Owners' Interest Value.
To learn more about revenue please click on below link
https://brainly.com/question/8645356
#SPJ4
online solutions, a software company, changed its pay structure from 3,400 job titles and 14 pay grades to a simpler structure with 1,000 jobs and 7 pay grades. the managers were then asked to choose pay levels that were based on the market. this is an example of
The managers were asked to choose pay levels that were based on the market. This is an example of pay based on market pricing.
The practise of assessing external salary survey data to determine the value of jobs as reflected by the data based on the "scope" of the work is known as market pricing (company size, industry type, geography, etc.). The way of valuing work that is used the most now is market pricing. Based on the organization's best estimation of the normal salary rates in the external market place for that job, job rates are determined using this method. To match suitable employment, job descriptions are used.
To know more about market pricing here
https://brainly.com/question/7184650
#SPJ4
schultz industries is considering the purchase of arras manufacturing. arras is currently a supplier for schultz and the acquisition would allow schultz to better control its material supply. the current cash flow from assets for arras is $6.4 million. the cash flows are expected to grow at 9 percent for the next five years before leveling off to 6 percent for the indefinite future. the costs of capital for schultz and arras are 13 percent and 11 percent, respectively. arras currently has 3 million shares of stock outstanding and $25 million in debt outstanding. what is the maximum price per share schultz should pay for arras?
The maximum price per share Schultz should pay for arras is $20.54.
What is a price?A good or service's price is the sum of money or other consideration that is needed and given in exchange for it.
How do I figure out the share price?For Arras, the current cash flow from assets is $6,400,000,000,000. Since the cash flows are predicted to increase at a 9 percent rate during the following five years, the cash flow will be as follows:
Year 1: $6,400,000*1.09 = $6,976,000
Year 2: $6,976,000*1.09 = $7,603,840
Year 3: $7,931,520*1.09 = $8,288,185.6
Year 4: $8,566,042*1.09 = $9,034,122.304
Year 5: $9,251,325(1 + .08) = $9,847,193.311
The cash flows are anticipated to continue growing at a rate of 6% for the foreseeable future after five years, according to the question.
The cash flow for the sixth year is therefore $9,847,193.311*1.06 = $10,438,024.91.
Knowing that the current year's terminal value equals the subsequent year's cash flow (WACC-g)
As after year 5 the cash flow will be grown at a specific rate for indefinite future, the terminal value 5th year = $10,438,024.91/(.11-.06) = 94,891,135.49.
Present value of the cash flow = $(6,976,000/1.11) + $(7,603,840/1.11^2) + $(8,288,185.6/1.11^3) + $(9,034,122.304/1.11^4) + $[(9,847,193.311+94,891,135.49)/1.11^5] = $86,624,537.47
The market value of the equity is equal to the present cash flow market value of the business. - Value at market for the debt
The market value of the equity = $86,624,537.47 - $25,000,000
The market value of the equity = $61,624,537.47
Therefore, the maximum price per share Schultz should pay for Arras,
Share price = $61,624,537.47/3,000,000
Share price = $20.54
The maximum price per share Schultz should pay for arras is $20.54.
To know more about price, visit:
https://brainly.com/question/28487605
#SPJ4
f real income has risen by 3 percent, the interest rate is 2 percent and nominal income has risen by 3 percent, what is inflation?
The inflation is 0% when real income has risen by 3 percent, the interest rate is 2 percent and nominal income has risen by 3 percent.
What is inflation?A rise in prices is referred to as inflation, which is also known as the gradual loss of purchasing power. The average price increase of a basket of chosen products and services over a certain period of time can be used to gauge the rate at which buying power is Deflation. A unit of money now effectively buys less than it did in earlier periods due to price increases, which are frequently stated as inflation. Deflation, on the other hand, contrasts inflation by resulting from a drop in prices and a gain in purchasing power.
Individual product price inflation over time are simple to track, but human requirements go beyond the scope of just one or two things.
To learn more about Inflation from the given link
https://brainly.com/question/29308595
#SPJ4
ch of the following is true for the law of supply? a. sellers increase the quantity of a good supplied as price increases. b. buyers decrease the quantity of a good purchased as price increases. c. a decrease in price results from more demand. d. price decreases as more units are supplied.4
According to the law of supply and demand, a product's price should decrease as demand rises.
The inverse link between price and amount desired is demonstrated by the law of demand. If the price goes up, the quantity needed should go down as well. Additionally, if the price drops, the amount demanded should go up. Additionally, the other elements, such as preference, etc., should not change. Therefore, we can draw the conclusion that according to the rule of demand, a product's price should decrease if demand for it rises. The law of supply and demand combines two key economic ideas to describe how changes in the price of a resource, item, or service affect its supply and demand. When the price rises, demand declines while supply grows. In contrast, as the price declines, supply is restrained and demand is enhanced.
Learn more about The Law of demand here:
https://brainly.com/question/18181192
#SPJ4
assume that wheat is produced in a purely competitive market. in the short run the demand for wheat increases and wheat producers earn economic profits. in the long run how will this change in economic circumstance affect the price of wheat and the economic profits of wheat growers? price economic profits a. decrease decrease b. decrease increase c. increase decrease d. increase increase group of answer choices decrease decrease decrease increase increase decrease increase increase
In the long run, price of the wheat will decrease, while the economic profits of wheat growers will also decrease. Thus, Option (a) is correct.
In a purely competitive market, when the demand for wheat increases in the short run, wheat producers can charge a higher price for their products due to the increased demand.
As a result, they earn economic profits. However, in the long run, the industry is open to new firms to enter due to the absence of barriers to entry.
With the potential for new entrants, the number of wheat producers will increase, leading to a higher supply of wheat in the market. As supply outstrips demand, the price of wheat will decrease. This decrease in price will eventually eliminate the economic profits earned by wheat growers.
Thus, Option (a) accurately reflects the change in economic circumstances.
Learn more about the price here:
https://brainly.com/question/33524842
#SPJ12
Manny has just filled out his deposit ticket for his savings account. He hands it to the teller and the teller hands it back to manny. The teller explains to manny that the deposit ticket cannot be accepted in its current form. What must manny do to the deposit ticket in order for the teller to process the deposit ticket? a deposit ticket. The ticket has not been signed for cash back. The date is december 16.
Manny must sign the deposit ticket to indicate that he does not want cash back, and he must also fill in the date of December 16..
What does Deposit ticket means?
A deposit ticket is a document that details the amount of money and checks deposited into a financial institution. It usually includes the deposit date, the depositor's name, and the account into which the funds are being deposited. The deposit ticket is used to track funds as they are transferred and ensure that the correct amount is credited to the account.
What does Financial institution mean?
A financial institution is a company that offers its customers financial services such as lending money, accepting deposits, and offering investment products. Financial institutions include banks, credit unions, and other financial institutions.
To know more about Deposit Ticket, https://brainly.com/question/27244865
#SPJ4
which of the following is true? multiple choice question. a company cannot deduct interest paid on debt when computing taxable income. a company can deduct dividends paid to shareholders when computing taxable income. a company can deduct interest paid on debt when computing taxable income.
When calculating taxable income, a business may deduct interest payments made on debt.
How is taxable income determined?In a nutshell, there are three steps. To determine your taxable income amount, you must first determine your filing status, then add up all of your sources of income, followed by any deductions.
What kind of income is exempt from taxes?younger than 65. Single. don't need to file because of any unusual circumstances (like self-employment income) Earnings below $12,950 (which is the 2022 standard deduction for a single taxpayer)
Where Does Taxable Income Come From?Any income you bring in throughout the tax year is taxable income. The most typical is pay for employees. However, there are additional income sources that are taxable.
To learn more about Taxable Income here:
https://brainly.com/question/15079191
#SPJ4
