An economy in which all the boys become farmers when they are adults, just as their fathers and grandfathers did, would be an example of aA. free market economy
B. command economy
C. traditional economy
D. centrally planned economy

Answers

Answer 1

Answer: An economy in which all the boys become farmers when they are adults, just as their fathers and grandfathers did, would be an example of a C.) TRADITIONAL ECONOMY.

Traditional Economy has the 3 characteristics:
1) Based on agriculture, fishing, hunting, gathering or a combination of any of the 4 afore-mentioned basis.

2) Guided by tradition.

3) Uses barter of goods instead of exchange of money.

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Tonya consumes 40 steaks a year when her yearly income is $40,000. After her income falls to $35,000 a year, she consumes only 35 steaks a year. Calculate her income elasticity of demand for steaks.

Answers

Answer:

Explanation:

Tonya consumes 40 steaks a year when her monthly income was $40,000

After her income drops to $35,000 she consumes 35 steaks

The first step is the calculate the percentage change in the quantity of steaks demanded

= 40-35/40 × 100

= 5/40 ×100

= 0.125 ×100

= 12.5

The percentage change in income can be calculated as follows

= $40,000-$35,000/$40,000 × 100

= $5,000/$40,000 × 100

= 0.125 × 100

= 12.5

Therefore the income elasticity of demand for steaks can be calculated as follows

= 0.125/0.125

= 1

Hence the income elasticity for the demand of steaks is 1

Doris is a member of a team that works to seamlessly execute a large company’s annual shareholder meeting and quarterly board meetings on an ongoing basis. Doris is an employee in the investor relations department of the company. The team also includes Don from IT, Sally from Communications, Editha from event management, Saul from security, Tony from catering, Rob from transportation services and Lola from Marketing. This team is an example of what kind of team?

Answers

Answer: Cross functional team

Explanation:

Cross functional team could be defined as a team of people from their parent department in an organization, coming together to work for another purpose. This is a scenario were people in addition to their existing department's in organization work for another function. This works for short term committee, to meet up a project or task.

Ricardo wants to buy a new tablet that costs $1,150. he will make a down payment of $250 and will make monthly payments of $50. write an equation in slope-intercept form that ricardo can use to determine how much he will own after n months.

Answers

y=50x+250 is the original. Substitute the words from the word problem, and you have 1150=50n+250. I even solved for you, in case you wanted to know.

Final answer:

To determine how much Ricardo will owe after n months, we must account for his down payment and his monthly payments on the tablet. Subtracting the down payment from the total cost, we start with an initial debt of $900. Then, through monthly payments of $50, this debt is decreased, resulting in the equation: y = -50n + 900.

Explanation:

The subject matter is looking for an equation in slope-intercept form to determine how much Ricardo will still owe after making a down payment and monthly payments for n months on a tablet. You first should subtract the down payment from the overall cost of the tablet to understand the total amount Ricardo will owe after making the down payment. Given the tablet costs $1,150 and Ricardo's down payment is $250, his initial debt (y-intercept) is $1150 - $250 = $900.

After that, Ricardo will start making monthly payments. These payments represent a monthly decrease in the amount he owes, so they are represented by a negative slope. Since he'll be paying $50 each month, the equation to find the principal balance remaining (y) after 'n' months would be: y = -50n + 900.

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What is the present value of the cash flow, at the end of year I the cash flow is $1,000 and$2,000 at the end of year two. The interest rate given is 10%?a) $3.000b) 439c) S2.562d) 3.200

Answers

Final Answer:

The present value of the cash flow is $2,562.

Explanation:

To calculate the present value of future cash flows, we can use the formula for present value:

PV = CF / (1 + r)^n

Where:

PV = Present Value

CF = Cash Flow

r = Interest Rate

n = Number of years

In this case:

For Year 1: CF = $1,000, r = 10%, n = 1

PV1 = $1,000 / (1 + 0.10)^1 = $909.09 (rounded to two decimal places)

For Year 2: CF = $2,000, r = 10%, n = 2

PV2 = $2,000 / (1 + 0.10)^2 = $1,652.89 (rounded to two decimal places)

Now, we need to find the total present value by adding the present values of both cash flows:

Total PV = PV1 + PV2 = $909.09 + $1,652.89 = $2,562.98 (rounded to two decimal places)

So, the present value of the cash flow is approximately $2,562.

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Final answer:

The present value of future cash flows is calculated by the formula PV = FV / (1 + r)^n, which is used to discount cash flows to their current monetary value. Applying this formula to the given scenario, with cash flows of $1,000 at the end of year 1 and $2,000 at the end of year 2 and an interest rate of 10%, the total present value of the two cash flows is $2,562.

Explanation:

The present value of future cash flows can be calculated by using the formula PV = FV / (1 + r)^n, where FV represents future value of money, r represents the interest rate, and n represents the number of periods. In this case, you have two cash flows- $1,000 at the end of year 1 and $2,000 at the end of year 2 with an interest rate of 10%.

Therefore, the present value of the cash flow at the end of year 1 would be: 1000 / (1 + 0.1)^1 = $909.09. The present value of the cash flow at the end of year 2 would be: 2000 / (1 + 0.1)^2 = $1652.87. So, the total present value of both cash flows would be: $909.09 + $1652.87 = $2,562.

Hence, the answer is option c) $2,562.

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Which of these is most important to success in your job? A. Socializing with your coworkers B. Showing up and being on time C. Spending quality time with your supervisor D. Keeping busy

Answers

D. keeping busy hard work pays off

Which of these is most important to success in your job?

A. Advising coworkers when you're ill

B. Spending quality time with your supervisor

C. Keeping busy

D. Showing up and being on time

the answer is D

A producer in a monopoly will charge _____ price for jeans than a jeans producer in a competitive market.a higher
a lower
the same

Answers

Basic economics dictates that in a capitalistic supply and demand driven economy, producers in a monopoly will charge higher prices than products produced in a competitive environment. Monopolies can charge the highest price a market can bear as they are the sole supplier of a product. In a competitive environment multiple producers will compete to produce a product at the lowest price that the market will bear to meet demand.

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A manufacturer or seller of a product may identify its merchandise and bar others from using the same identification by getting aa. franchise. b. trademark. c. patent. d. copyright.

Allied Parts was organized on May 1, 2013 and made its first purchase of merchandise on May 3. The purchase was for 1,500 units at a price of $11 per unit. On May 5 Allied Parts sold 900 of the units for $15 per unit to Baker Co. Terms of the sale were 2/10 n/60. a. On May 7, Baker returns 315 units because they did not fit the customers needs. Allied Parts restores the units to its inventory. b. On May 8, Baker discovers that 75 units are damaged but are still of some use and therefore, keeps the units. Allied Parts sends Baker a credit memorandum for $525 to compensate for the damage. c. On May 15, Baker discovers that 50 units are the wrong color. Baker keeps 54 of these units because Allied Parts sends a $110 credit memorandum to compensate. Baker returns the remaining 36 units to Allied Parts. Allied Parts restores the 36 returned units to its inventory.

I NEED HELP WITH MY ECON IM SO CONFUSED it’s a matching the letter assignment

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