BUSINESS HIGH SCHOOL

If the supply of a product increases, then we would expect equilibrium price a. to increase and equilibrium quantity to decrease. b. and equilibrium quantity to both decrease. c. and equilibrium quantity to both increase. d. to decrease and equilibrium quantity to increase.

Answers

Answer 1
Answer:

Answer:

d. to decrease and equilibrium quantity to increase.

Explanation:

As we know that

Equilibrium is the point at which the quantity demanded equal to the quantity supplied

In equation, it is

Equilibrium = Quantity demanded = Quantity supplied

Now if the supply of a product increases, the equilibrium price decreases while the equilibrium quantity increases

And, if the supply of a product decreases, the equilibrium price increases while the equilibrium quantity decreases

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Christine and Paul are deciding how to split their time between writing music and lyrics for their new album. Their PPFs for 72 h of work are shown. Christine and Paul have to write music for 8 songs and lyrics for 12 songs (4 songs already have music). When they are done, they can go to a private island and relax from all their hard work. It is possible that they will use more than 72 h.Once they start writing lyrics and music, assuming their hired help packs for them and their plane is waiting outside their door, in how many hours can they board the plane to their relaxing island getaway?

Answers

Answer:

Each of them is going to work for 96 hours or 4 days.

  • Paul will write the music for 8 songs.
  • Christine will write the lyrics for 12 songs.

Explanation:

PPFs (72 hours)                    Music (M)               Lyrics (L)

Christine                                       8                             9

Paul                                              6                              4  

Christine can write the music the one song in 9 hours and the lyrics in 8 hours.

Paul can write the music the one song in 12 hours and the lyrics in 18 hours.

Paul's opportunity cost of music per lyrics = 12/18 = 2/3, and the opportunity cost of lyrics per music = 6/4 = 3/2

Christine's opportunity cost of lyrics per music = 8/9, and the opportunity cost of music per lyrics = 9/8

Paul should specialize in writing music because his opportunity cost is lower, it will take him 12 x 8 = 96 hours to write down the music for 8 songs.

Christine should be in charge of writing lyrics (lower opportunity cost), it will take her 8 x 12 = 96 hours.

Each of them is going to work for 96 hours or 4 days.

  • Paul will write the music for 8 songs.
  • Christine will write the lyrics for 12 songs.

If you have a scientific research orientation, you are most likely _____.A. punctual
B. curious
C. athletic
D. generous

Answers

If you have a scientific research orientation, you are most likely D. generous.

Orientation is someone understanding who they're, the path they is facing or the manner someone tends to head. An instance of orientation is a person attending a training session for brand-new personnel. An instance of orientation is a person going through the west. An instance of orientation is a person preferring to date guys.

Orientation is the relative arrangement of points after a change or after traveling around a geometric discern. Orientation is taken care of clockwise and counterclockwise in phrases of how the factors align. Reverse orientation method that the factors are opposite of the unique shape.

Encourages employee confidence and allows the brand new employee to adapt quicker to the task; Contributes to an extra powerful, efficient staff; Improves employee retention; and. Promotes verbal exchange between the supervisor and the new employee.

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Answer:

b

Explanation:

curious

A business structure that operates on a pyramid scheme making money from recruiting more and more distributors is known as

Answers

A business structure that operates on a pyramid scheme making money from recruiting more and more distributors is known as multilevel marketing. As defined in Wikipedia, is a marketing strategy in which sales force is compensated not only sales they generate, but also for sales of the salespeople they recruit.

Which of the following actions would improve your credit score? Which of the following actions would improve your credit score?a. Closing out old credit cards
b. Paying off your credit card bill
c. Using a large portion of your credit limit
d. Opening a new savings account

Answers

Answer B is correct. Paying off your credit card bill will reduce the amount of debt you have and improve your credit score. Closing old credit cards only works if they are unused. As savings accounts are not included in a credit report, opening a new savings account will not have an effect, either negative or positive, on your credit score. Using up your credit limit will have the negative effect of lowering your credit score.

The correct option is b. Paying off your credit card bill.  Paying off your credit card bill will  improve our credit score.

Closing out old credit cards (a) may actually have a negative impact on your credit score as it reduces your overall credit history and can increase your credit utilization ratio.

Using a large portion of your credit limit (c) can also have a negative impact on your credit score as it increases your credit utilization ratio, which is the percentage of your available credit that you are using.

Opening a new savings account (d) does not directly impact your credit score as savings accounts are not typically reported to credit bureaus.

In summary, paying off your credit card bill (b) is the action that would improve your credit score. It helps to lower your credit utilization ratio and demonstrates responsible credit management.

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Michigan Cranberry Company sold $10 million worth of cranberries it produced. In producing cranberries, it purchased $1 million dollars' worth of supplies from foreign countries and paid workers who reside in Canada but commute to the U.S. $1 million. How much did these transactions add to U.S. GDP

Answers

Answer:

$9 million

Explanation:

Gross domestic product is defined as the total monetary value of all goods and services produced by a country in a given period. It is used to measure the countries wealth and economic growth .

GDP can be calculated based on expenditure, production, or by income.

Types of GDP measurements include real GDP, nominal GDP, GDP growth rate, and GDP per capita.

Gross domestic product= Total output - intermediate goods in production {products from Canada}

Gross domestic product= 10 million- 1 million

Gross domestic product= $9 million

Answer:

9 million dollars

Explanation:

Compare transnet with a perfect competitor in terms of price,output and profit

Answers

A perfect competitor is a price taker and Transnet is a price maker. The perfect competitor will make normal profit in the short run and the monopoly will make economic profit in the long run. Output of monopoly will cost high but it makes a greater profit to competitors and a perfect competitor produces at less cost and earns a small portion of the profit. Output transnet can decide the quantity of output that is required and price that can be realized.


I hope this helps, Regards.
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