Question 1 which of the follow will happen if you miss a monthly credit card payment?
Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium?
A. It needs to be increased.
B. It needs to be decreased.
C. It needs to reach the price ceiling.
D. It needs to remain unchanged.
Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium? B. It needs to be decreased.
Equilibrium is the point at which supply and demand balance each other out. To make sure equilibrium is reached, there needs to be a decrease in the price so that the demand and supply match. If the price is too much, less people are likely to purchase the product however, would at a lower price.
In order for the price at P2 will be able to achieve equilibrium, B. It needs to be decreased.
How is equilibrium achieved?The equilibrium price is the point at which the Supply and Demand curves intersect.
That point is at P* which is below P2. In order for P2 to reach that point therefore, it needs to be decreased.
In conclusion, option B is correct.
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What is the relationship between weather, climate, axis, temperature, revolution, equinox, and solstice?
Dan sends an offer to laura to sell a used computer for $350. dan says, "if you say nothing, i will consider you to have accepted my offer." laura does not respond. laura has
The basel committee ruled that regulators in other countries can ________ the operations of a foreign bank if they believe that it lacks effective oversight.
The number issued to physicians by the internal revenue service for income tax purposes is known as:
What is the primary difference separating an authentic performance from a mediated performance?
The person in a group who says, "we need to consider how this information affects the outcome, so can you explain it a little more?" is behaving as ____________.
_____ leadership is a form of leadership in which the leader solicits input from subordinates.
Livewire company and mccoy's candy, inc., sign a document that states livewire agrees to design a web page for mccoy's, which agrees to pay for the service. this is
The signed document between Live wire Company and McCoy's Candy, Inc is called a contract, where Livewire commits to design a web page and McCoy's agrees to pay for it. This contract provides a legal framework ensuring each party fulfill their obligations.
Explanation:The document signed between Livewire Company and McCoy's Candy, Inc is known as a contract. In this contractual agreement, Livewire agrees to design a web page for McCoy's, which in turn agrees to pay for the service. Such contracts are essential in business transactions as they provide a legal framework that ensures each party fulfills their part of the deal. The key components of such a contract include the offer (web design service), acceptance (agreement to pay), and consideration (payment).
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Lately, there have been several complaints about evan's work performance. he has arrived late, his uniform is stained and wrinkled, and he texts while he's on duty. evan is violating the company's __________. business ethics customer service management rules and policies
Evan is violating the buisness' rules and policies
What is a good way to find a business idea that'll put your talents and interests to the best use? A. Buy a local business that has been around a long time. B. Open a business with a high profit margin. C. Search the Internet or the Yellow Pages for information on related subjects. D. Purchase a franchise that needs to follow strict corporate guidelines.
Answer:
C is the correct answer.
Explanation:
Options A and D are incorrect because they mention other important elements such as a local business that has been around for a long time or a franchise; both of them may require adaptation to wouldn't put your talents and interests to the best use. B is also incorrect because it is not possible to predict if a business will get high profits. Finally option C is correct because by searching the Internet or the Yellow Pages we can get an idea of the context and then work based on that to develop our best.
The johnsons have accumulated a nest egg of $50,000 that they intend to use as a down payment toward the purchase of a new house. because their present gross income has placed them in a relatively high tax bracket, they have decided to invest a minimum of $2800/month in monthly payments (to take advantage of the tax deduction) toward the purchase of their house. however, because of other financial obligations, their monthly payments should not exceed $3400. if local mortgage rates are 5.5%/year compounded monthly for a conventional 30-year mortgage, what is the price range of houses that they should consider? (round your answers to the nearest cent.)
To determine the price range of houses the Johnsons should consider, we need to find the loan amount they can afford. This can be calculated using the monthly payments they can make and the interest rate. The price range will be the range between the maximum and minimum loan amounts.
Explanation:The Johnsons have accumulated a nest egg of $50,000 that they intend to use as a down payment toward the purchase of a new house. To take advantage of the tax deduction, they want to invest a minimum of $2800/month, but their monthly payments should not exceed $3400 due to other financial obligations. Assuming a local mortgage rate of 5.5% compounded monthly for a conventional 30-year mortgage, we can calculate the price range of houses they should consider.
To determine the price range, we need to find the loan amount they can afford. The maximum loan amount is based on the monthly payments they can make and the interest rate. Let's say the loan amount is x. Using the formula to calculate the monthly payment of a mortgage, we can set up the following equation: x * 0.055/12 / (1 - (1 + 0.055/12)^(-30*12)) = $2800. Solving this equation will give us the maximum loan amount.
On the other hand, the monthly payment should not exceed $3400. Solving the same equation with a monthly payment of $3400 will give us the minimum loan amount.
The price range of houses they should consider will be the range between the maximum and minimum loan amounts.
Fleet trucking company transports hazardous waste. garn is a fleet driver, whom the company knows drives longer hours than federal regulations permit. one night, garn exceeds the limit and has an accident. spilled chemicals contaminate hill city's water source, forcing the residents to move away. fleet acted unethically because
Describing matter worksheet physical property that makes metal pots good for cooking is
The physical property that may be able to provide a beneficiary for metal pots as a source of good cooking is its heat conductivity of which allow this material to be conducted to heat and allows the food to be cooked thoroughly making it good for cooking.
A physical property that makes metal pots good for cooking is that metals are excellent thermal conductors.
Metals are good for cooking pots because they are excellent thermal conductors. This means that heat can easily travel through the metal, allowing the pot to heat up uniformly and cook food efficiently. Additionally, metals have a high melting point, which means they can withstand the high temperatures required during cooking without being damaged. This explains why cooking pots are metal, but their handles are often made from materials like plastic or wood, which are poor thermal conductors and prevent burns to the user's hands.
Game theory is necessary to understand which kinds of markets? (i) perfectly competitive (ii) monopolistically competitive (iii) oligopoly (iv) duopoly (v) monopoly
Game theory is particularly necessary for understanding oligopoly, duopoly, and monopoly markets where the decisions of a few players significantly impact others. On the contrary, in perfectly competitive and monopolistically competitive markets, firms are price takers with no strategic interdependence.
Explanation:Game theory is a significant tool for understanding situations in which decision-makers interact such as those in oligopoly, duopoly, and monopoly markets. In these markets, the decisions of few sellers have a direct impact on the decisions and outcomes of others. For instance, in oligopoly and duopoly, companies are always in strategic interdependence where the actions of one firm significantly influence and are influenced by the actions of the other firms.
Conversely, in perfectly competitive and monopolistically competitive markets, firms are price takers and don't consider the reactions of other firms, hence less application of game theory. For example, the firm in a pure monopoly market has complete control of the market and doesn't have any direct competition. Therefore, while game theory can help understand strategic situations in various market structures, its necessity is more pronounced in oligopoly, duopoly, and monopoly markets.
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What is the level of measurement where outcomes are based on some underlying continuum where it is possible to speak about how much more a higher performance is than a lower one?
The answer is interval level of measurement. In this level of measurement, the distance or space between points does have significance. For instance, when we measure temperature (in Fahrenheit), the distance from 80-90 is similar as the distance from 100-110. Thus, the interval between values is interpretable.
During a recent conversation with martha, george is determining which information is useful and accurate and which conclusions are more valid and which information is less useful and which conclusions are less valid. george, in this case, is performing
Primary target markets differ from secondary and tertiary target markets by the
The primary target market differs from secondary and tertiary market with its small segment in the market place as both secondary and tertiary are larger segment than of the primary target market but what made it more different from them is because of its goal of having to sell.
What is the term for controlling/owning each step of a production process?
William, irene, jason, barbara, and immunographics, inc., form a partnership for the purposes of developing designs for medical products. this partnership is:
What trend in wages paid to workers in america developed between 1860 and 1890?
A group of web designers and programmers called the _____ settled on a set of standards for all browser manufacturers to follow.
Gulmirah, a small underdeveloped country, has an adult population of 16.8 million, and the remaining 13.75 million of the population is below 18 years of age. the approximate output per capita of this country is $644.80. the gdp of gulmirah is equal to approximately _____.
Who is the first level supervisor in the fire department? intro to fire protection?
A small change in the rate of productivity growth will have a large impact on output in the short run but a small impact in the long run
a. True
b. False
What is one advantage and one disadvantage of the global economy for American workers?
The global economy provides American workers with an increased number of job opportunities, but it also poses the risk of job loss or wage reduction due to the potential for companies to outsource for cheaper labor.
Explanation:The global economy offers both advantages and disadvantages to American workers. One major advantage is the broadening of job opportunities. Due to globalization, companies are able to operate internationally which opens up numerous new markets and job possibilities for workers. This can pave the way for American workers to have a more diverse and enriching work experience.
However, one significant disadvantage is the potential for job loss or wage reduction. With the global economy, companies often look for cheaper labor overseas, sometimes leading to the outsourcing of jobs. This can result in layoffs or wage decreases for American workers as companies attempt to cut costs.
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Over the positively sloped portion of the short-run average-cost curve, the effect of ________ dominates the effect of ________.
a. increasing marginal productivity; decreasing fixed cost
b. diminishing marginal returns; decreasing fixed cost
c. diminishing marginal returns; falling average fixed cost
d. increasing marginal productivity; falling average fixed cost
If the money multiplier is 4 what is the required reserve ratio
25 percent - gradpoint
If the money multiplier is 4 then the required reserve ratio is 0.25. The required reserve ratio is defined as the percentage of deposits that a commercial bank must hold in reserve.
What is the required reserve ratio?The required reserve ratio is defined as the percentage of deposits that a commercial bank must hold in reserve. To be held in reserve means that the money cannot be loaned out or invested. The required reserve ratio is also known as the reserve requirement and reserve deposit ratio.
The Federal Reserve is in charge of setting the required reserve ratio for all commercial banks in the United States. The required reserve ratio helps to ensure that commercial banks have enough reserves to meet customer withdrawals and other obligations. It also helps to promote a stable banking system. The required reserve ratio is one of the many tools that the Federal Reserve uses to implement monetary policy.
The Federal Reserve can use the required reserve ratio to influence the money supply and interest rates.
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Which of the following investments is the least liquid? A. Bank account B. House C. Stocks D. Bonds