Which questions about risk should somone ask before making economic choices
Answers
- What problem are most likely to happen ?
- What could go wrong ?
- What problem that could be most damaging ?
Hope this helps
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You’ve been hired as an economic consultant to a price-taking firm that produces shirts. The firm already has a shirt factory, so it is operating in the short run. The price of shirts is $5, the hourly wage is $12, and each shirt requires $1 worth of material. At the current level of output (20 workers and 70 shirts per hour), the firm is losing money: Its total cost exceeds it total revenue. The firm has experimented with different numbers of workers and discovered that 21 workers would produce 72 shirts; 15 workers would produce 60 shirts; and 16 workers would produce 63 shirts. You job as a consultant is to tell the firm which of these four options to take; and explain and show your calculations as to why you selected an option. 1. Option 1: Shut down the unprofitable operation. Explain why giving numerical calculations? 2. Option 2: Continue to produce 70 shirts per hour. Explain why giving numerical calculations? 3. Option 3: Produce more shirts. Explain why giving numerical calculations? 4. Option 4: Produce fewer shirts. Explain why giving numerical calculations?
During interviews for a sales position at Lock-Spark Inc., the interviewer asks each candidate to imagine a situation where a customer emails to report that products were damaged during delivery from Lock-Spark. The interviewer then asks each candidate what he or she would do to handle this situation. This is an example of a(n) _____ interview.
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Answers
For edge its False, i just took the test.
Answers
I will pay $548.05 if I receive an invoice for $565.00 with terms 3/10, net 30.
Step 1
$565 x 3% = $16.95
Step 2
$656 - $16.95 = $584.05
therefore the correct answer is $584.05
to know more refer to:
#SPJ2
$656 - $16.95 = $548.05
b. $525
c. $686
d. $429
Answers
Answer:
price = $429.25
so correct option is d. $429
Explanation:
given data
face value = $1,000
time = 15 year
rate = 5.8 % = 0.058
to find out
price of bond
solution
we get here price that is express as
price = ........................1
put here value we get price
price =
price = $429.25
so correct option is d. $429
Answers
Answer:
YES
Explanation:
If a stock you own is worth say $30,000 and you eventually sell it for $10,000, that is considered a loss on your taxes and you can count it as a loss on your taxes.
The situation given in the scenario is obviously that of capital erosion or capital loss.
Just like it would have been counted as capital gains if you had made a profit on the sale of the shares which would have been taxable, so also is it possible to make tax deductions on your returns when you make capital losses.
Hence, the loss amount can be deducted (offset) from other capital gains or ordinary income in your tax return.
Answers
The lower prices tend to affect the demand, it will increase the demand.
Further Explanation:
Equilibrium price:
The equilibrium price is the price where the demand and supply are equal at a particular price. If the price of the good increases, the demand for the product will decrease. If the price of the good decreases, the demand for the product will increase.
As the price of the good is lower, the good is available in less amount of money. The customer has a fixed income, now they can purchase the more quantity of good with his fixed income. As the price of the good is more, the good is available in more amount of money. The customer has a fixed income, now they can purchase the less quantity of good with his fixed income.
Let us take an example, a pen costs $5, in the market. A customer has a $50 fixed income, he can purchase 10 units of pen from the market. Let us assume a pen cost will decrease from $5 to $2, in the market. A customer has the same $50 fixed income, now he can purchase 25 units of a pen from the market.
Therefore, the price and demand of the goods have an inverse relationship with each other.
Learn more:
1. Learn more about consumer influence
2. Learn more about equilibrium price
3. Learn more about consumer protection law
Answer details:
Grade: Middle School
Subject: Economics
Chapter: Demand
Keywords: The lower prices, tend to affect, demand, increase, equilibrium price, a pen costs $5, increase, decrease, market, inversely, less amount of money.
When the price is lower, with a condition other factors remain equal, the more people would buy the product. That means the demand would increase. When the price increases, fewer people would buy the products, means the demand would decrease.
Further explanation
In the market, supply and demand always shift until the market finds the equilibrium price. Equilibrium is the condition when demand meets supply and the price stabilize. Multiple factors can affect both supply and demand This factors included consumer preferences, product substitutes, the price of the complementary product, production cost, supply chain and the number of competitors.
The law of demand explains when the price goes up, people will less likely to buy the product, it means that the demand will decreases. In other words, the higher the price, the lower the quantity demanded. On the other hand, the law of supply stated when the price of goods increase, so the supply will increase too. It because by selling at a higher price will increase revenue.
Learn more
Equilibrium in the market brainly.com/question/1107749
Supply and demand brainly.com/question/2306198
Changing Prices affected supply and demand brainly.com/question/1600736
Keywords: demand curve, prices, supply, demand, equilibrium, law of demand and supply
Answers
The cost of the other 2 books is 150 - x
Given:
x = 1.5 (150 - x)
x = 225 - 1.5x
2.5x = 225
x = 90
The most expensive book costs $90 check:
x = 1.5 (150 - x)
90 = 1.5 (150 - 90)
90 = 1.5 (60)
90 = 90