What is the rationale behind the optimal choice of the consumer?
According to the Law of Supply, what's the result of an increase in the supply of workers for a job, if all other factors remain equal?
Question 12 options:
A:The wage rate will increase, since the pool of talented workers has increased.
B:The wage rate for that job will be pushed down.
C:The wage rate for that job will shift closer to the average rate in that country.
DThe wage rate will be unaffected, since jobs factor in skill and experience.
Answer:
Its A
Explanation:
i just took the test
Assuming all other conditions are equal, the outcome of a rise in the supply of workers for a job Due to the increase in the number of qualified people, wages will rise. Hence option A is correct.
What is Law of Supply ?A key tenet of economic theory is the rule of supply, which asserts that an increase in price will result in an increase in the quantity supplied, all other things being equal.
In other words, there is a direct correlation between price and quantity, and quantities react to price changes in the same way. This indicates that manufacturers are willing to increase production as a means of raising profits in order to sell more of a product on the market at higher prices.
The law of supply, to put it simply, is an association between quantity supplied and the supply curve's rising slope is caused by price and.
According to some heterodox economists like Steve Keen and Dirk Ehnts, the supply curve for mass-produced items is frequently downward-sloping: as production rises, unit prices fall, and vice versa, if demand is extremely low, unit prices rise.
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What does the concept of scarcity explain? Choose three answers.
why a product could lose significant value over time.
why people continue to purchase different products.
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why resources can be both renewable and nonrenewable.
why a single resource has more value than another resource.
'Scarcity' is defined as the economic concept that refers to the situation of 'having finite resources and infinite demands.'
The concept of 'Scarcity' explains:
C). why consumers are willing to pay high prices for items.
D). why decisions must be made on how to use resources
F). why a single resource has more value than another resource.
The term 'scarcity' elaborates the causes of all the above-stated problems. Since the demand for produced goods, as well as, services is endless and the resources available to meet this demand are limited, there is an imbalance between the demand and supply. This leads to the hike in prices of the available goods so that one could afford to pay higher will take the good. This makes it important for deciding upon the efficient utilization of resources so that every individual's demand can be satisfied up to some extent.The single resources cost higher due to this reason only as it develops a competition among the buyers.Learn more about 'scarcity' here:
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Answer:
C, D, F
Explanation:
The following is the trial balance of kencho sales located in Tabs, Thimphu as on 31st December 2019.You are required to prepare financial statements as at 31st December 2019.
wat is the definition of economics
How the business can use creative thinking to solve business problems
Explanation:
Creative thinking helps you to see opportunities in the marketplace or come up with a unique solution to a problem—and isn’t this the cornerstone of any business?
Creativity is key to innovation. When issues come up, you’ll be able to think of ways over, under, or through the roadblocks.
Creativity stimulates the brain and helps us to wake up and pay attention. Noticing more of what’s around us aids in developing novel approaches to help your business stand out.
Creative thinking helps you keep your business presence fresh. You’ll be able to constantly reinvent your business in order to stay in your customers’ awareness.
Creativity helps you shift your perception so you can better understand your customers’ point of view.
Creativity gives you a higher tolerance for risk—you’re used to working through fear of failure.
Creativity improves your leadership skills. Being an effective leader means being creative in your approach and problem-solving. When you have the capacity to let go of the outcome and be open to out-of-the-box thinking, you free your business team up for generating new ideas.
Creativity helps you to broaden your vision of what it means to be successful in your business—what it can offer to the world.
Creativity strengthens your resilience. When those inevitable stressful periods come up, you’re able to bounce back faster instead of getting derailed.
Creativity invites flow and feels good, and when you feel good, you attract your ideal customers and clients.
Can you creatively think of even more ways that creativity can help your business?
1. Who makes trade-offs?
Answer:
individual, government and businesses makes trade-offs.
Explanation:
this question is in economic chapter 1 session 2 right ?
ummm.......please mark me brainlist
How do u explain evil deeds done by otherwise!
PREJUDICE IS A THEME DEVELOPED IN HUMAN BEINGS, WHEN SOMEONE IS ABOUT TO SUCCEED AND A MIDDLE PERSON CANNOT AFFORD TO SEE THE GROWTH IN OTHER THAT ARE NOT HIMSELF(S) / HERSELF(S).
AND THIS BEHAVIOR IS MOSTLY PRESENT IN PEOPLE WHO HAVE NOT HAD GOOD EXPERIENCES IN DURING THEIR LIVES.
MARK “BRAINLIEST.”
Answerrsss please!!!!!
Answer:
A- Lender
B- Plan
C- closing Balance
3
A- False
B- True
C- True
D- False
Identify an accurate statement about groups of customers with similar need sets. Multiple choice question. They always have identical demographics. They belong to a single, homogeneous demographic group. They can have sharply different demographics. They never have varied demographic features.
When there is a group of customers that have the same requirement sets so the following should be the accurate statement.
The statement "It could have clear various demographics" is correct.
The following information related to the customer is:
It is an individual or the business that buys the goods or services of the company. Without customers, the company could not survive out, neither company could able to make a profit. Now if there are various customers and all have the same kind of needs so it means that there are different demographics.Therefore all other options should not be considered.
Thus we can conclude that The statement "It could have clear various demographics" is correct.
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A trust established by your will that becomes effective upon your death is called a(n) ____________ trust.
testamentary
living
irrevocable
revocable
Answer:
testamentary trust is the answer.
Answer: hello, your answer would be TESTAMENTARY
Explanation:
i just finished the test and got it right
how does the inflation affect the standard of living
Answer:
Inflation affects your standard of living because it can reduce your spending power. Retirees are often greatly affected by inflation because many retirees live on a fixed income.
Explanation
Consequently, their disposable income is reduced as day-to-day expenses consume an ever growing portion of their income.
Explanation:
Inflation affects your standard of living because it can reduce your spending power. Retirees are often greatly affected by inflation because many retirees live on a fixed income.
1) A small firm employs nine workers. The wages it pays to these workers are $200, $220, $280, $300, $310, 320, $330, $350 and $390 a week. What is the average wage paid?
solution :
sum of dollar =200+220+280+300+310+320+330+
350+390
Now,
average =total sum of all dollar
total sum of worker
=2370
9
=263.333#
which of the following assets is the most liquid
Answer:
A. A $20 bill
because cash is the most liquid asset
Reference:
https://africa.businessinsider.com/markets/what-are-liquid-assets-a-guide-to-the-investments-that-are-easiest-to-cash-in-and-why/k6073h1
From the provided options, the most liquid asset is the bill stating $20.
Option A is correct.
What is an asset?An asset is the monetary resource of a company which is acquired in order to get benefits in the future years.
The bill of $20 is considered to be the current asset as it can be converted into cash in short span of time in comparison to the checking account. The current assets are most liquid assets of the balance sheet.
Therefore, the asset given in option A is correct.
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True or false? Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about building out a detailed plan.
Answer:
ture
Explanation:
technology is here to solve your problems
Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about building out a detailed plan, this statement is true.
What is technology?Technology is the development, application, and knowledge of tools, techniques, skills, systems, or administrative procedures used to address a challenge or further a certain objective. Business Models for the Digital Economy.
The primary goal of technology, which combines tools to promote development, use, and information interchange, is to simplify work and find solutions to many of humanity's issues. We must underline the advantages of technology as it develops and continues to make our lives easier.
Hence, Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about creating out a detailed plan.
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Identify which of the following formulas correctly defines how to calculate the debt ratio. Multiple choice question. Total assets/Net income Total liabilities/Total equity Total liabilities/Total assets Total assets/Total liabilities
Answer:
Total liabilities/total assets
Explanation:
Debt ratio can be calculated by using the formula Total liabilities/total assets.
Debt ratio refers to the ratio of the debt and assets of a person or company. This is also known as the total debt to the total assets ratio.
This ratio can also be known or referred to as the financial ratio measuring the extent of a company's leverage. This accounting aspect of a company is used to calculate how much of the company's assets are financed through debts.This means that the amount or portion of a business's assets that are financed by debts is the debt ratio of that company.To calculate the total debt ratio, the total liabilities should be divided by the total assets. The resulted amount is the debt ratio of that company.A debt ratio enables a company to specify and identify how much percentage of the company's assets are liable for leverage. This allows the company to know how to manage the business or work through their debt accordingly. Thus, the correct formula to calculate the debt ratio is total liabilities/ total assets.
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Name the different university programme available in nepal and describe any two of them.
Explanation:
A-level
International bachelor's degree
National Science colleges
Medical colleges
Engineering colleges
Management colleges
Hotel Management college
-Describe any 2 of them?
****International bachelor's degree
1.) Is a undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to six years.
****Hotel Management college
2.) In the context of Nepal, if you want to pursue your career in hotel management. an undergraduate course having a duration of 4 years with 8 semesters with a minimum fee structure.
Select all that apply Select the components of a market analysis. (Select all that apply) Multiple select question. The economic, physical, and technological environment The organization's own capabilities An understanding of injurious consumption The capabilities of current and future competitors The consumption process of potential customers
The components of market analysis include:
Three types of environment - economic, physical & technological.The organization has its own capabilities.Present & future competitor's analysis.Customers' consumption process.The following information related to the market analysis is:
It is a quantitative & qualitative market evaluation.The market size in volume & in amount.Purchasing patterns & segments of the customers.Competition or rivalry.Barries with respect to the entry & regulation of the economic environment.Therefore we can conclude the above components of the market analysis should be considered.
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a.
Over the period of a year, Julie's net worth decreased. Which of the following could be true?
Julie's assets and liabilities decreased by the same amount.
b. Julie's assets and liabilities increased by the same amount.
c. Julie's assets increased by more than her liabilities.
d. Julie's assets decreased by more than her liabilities.
Please select the best answer from the choices provided
A
ΟΟΟ
B.
С
The situation that could be true about the reduction in Julie's net worth would be:
d). Julie's assets decreased by more than her liabilities.
'Net Worth' is characterized as 'the value of all the assets one possesses after subtracting all his/her debts or liabilities.'In the given circumstance, the decrease in Julie's net worth would denote that the sum total of her liabilities for that financial year exceeded her total assets. The other possibility could be that the decrease faced in her liabilities is higher than the decrease in her assets leading her net worth to be negative.Hence, option d is the correct answer.
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The three-year or longer marketing plan that's more general and less detailed than a tactical plan is called _____.
strategic marketing tactic
strategic marketing plan
marketing plan
executive summary
Jose's Pizza Parlor, Inc., acquired the Eastern Pizza Cheese Corporation (EPCC). EPCC is a wholesale distributor of the cheese used in the making of pizza pies. The acquisition created a:
(A) Monopoly.
(B) Vertical merger.
(C) Conglomerate merger.
(D) Horizontal merger.
the money represents the
Answer:
maximum
Explanation:
A one dollar increase in the monetary base causes the money supply to increase by more than one dollar. This increase in the money supply is the money multiplier.
The money multiplier represents the maximum extent to which the money supply is affected by any change in the amount of deposits
EXPLAIN HOW HONOURING A LABOUR IS HONOUR ONE'S SELF
Answer:
Because the labour is a source of my daily food which potentially is a basic need in life
Which of the following are incorporated in GAAP?
A. Requirements, policies, and ideals
B. Laws, regulations, and policies
C. Concepts, constraints, and principles
D. Mandates, laws, and ethics
what are job responsibitiltes
Explanation:
we have to do all the work of our employees and we have to respect our employees and our seniors and to do lot of work mark brainleast please plz plz please please please please please please please please please please please please please please please please please please pleasewho is office cheif ? write any four function of office cheif ( subject : account)
Answer:
Office Chief is someone who is responsible for the implementation of office work. The position of an office chief is very important, because the office chief is a member of the leadership, and he is the last link in the chain of command from the highest leadership.
The 4 functions of Office Chief, include:
Preparing long term and short terms plans and policies of the organization. Dividing the work among the workers in the organization. Directing and coordinating the activities of the different staff and departments. Adopting good remuneration system for motivating workers.Answer:
Cheif Keef
Explanation:
5),[5] better known by his stage name Chief Keef, is an American rapper. Cozart's music first became popular during his teen years in the early 2010s among high school students from Chicago's South Side.[6] In 2012, his popular local single "I Don't Like" was remixed by American rapper Kanye West and reached the Billboard Rap Top 20, further raising Cozart's profile.[6] A bidding war between major labels resulted in Keef signing with Interscope. His debut album Finally Rich was released in December 2012, and featured the singles "I Don't Like" and "Love Sosa", which would popularize the Chicago rap subgenre drill.[7]
Chief Keef has faced ongoing legal issues during his career, including weapons possession charges, house arrest sentences, and a performance ban imposed by Chicago authorities.[8] Though he was dropped from Interscope in late 2014 and later signed to 1017 Records, he continued self-releasing projects through his own Glo Gang label. These included: Nobody (2014), Back from the Dead 2 (2014), Bang 3 (2015), and Th0t Breaker (2017).
By the late 2010s, critics have pointed to Chief Keef as a major influence on contemporary hip hop through his innovation with the drill subgenre and the impact of his music on other artists.[9][7][10]
The three parts of an income statement heading are _____.
who
when
where
what
motivation of 50. also last year trying to get rid of them. Have a good day :D
Answer:
Who,When,What
Explanation:
Discuss the project planning steps ?
Answer:
the project planning steps are ;
first getting informed about the specific topics .
second blow your creativeness and write in shot about that in the way of making a powerful presentation which looks attractive and easy to memorise the information.
MULTIPLE CHOICE
What's the biggest concern people have about mergers?
(A) They drive down the cost of labor, leading to greater unemployment.
(B) They lead to the development of generic brands that produce inferior goods.
(C) They lead to greater competition and force businesses to cut corners to stay in operation.
(D) They result in a concentration of power, which can lead to monopolies.
Answer:
D
Explanation:
Monopolies aren't good for a economy because with so much power, they are able to control the entire market of which they are based. This defeats the purpose of a free-market economy where consumers have options to pick from instead of one ultimate choice.
Factors that must be considered before starting up a business ?
Answer:
factors that must be considered before starting business are:
Explanation:
1)capital
2)raw materials
3) enough knowledge about things
4)market
5)skilled manpower
Answer:
They areA Business idea
Knowledge of the business
Start up cost
Capital
Demand
Location
