How are laws different from ethnics

Describe how price affects decisions that consumers make

When economists refer to "demand," they are speaking of: how much everyone wants of all products bought and sold in the nation. a schedule of amounts of a product that buyers would purchase at alternative prices in a given time period.

The most desirable bundle of rights in time-sharing gives the buyer privileges to rent or sell the interest in the property. these rights are known as

Sun City issues $50 million of bonds on January 1, 2021 that pay interest semiannually on June 30 and December 31.

On January 1, 2022, Harvee Company had Accounts Receivable of $54,200 and Allowance for Doubtful Accounts of $3,700. Harvee Company prepares financial statements annually. During the year, the following selected transactions occurred: Jan.

Harry Smith owns a metal - producing firm that is an unregulated monopoly. After considerable experimentation and research, he finds that the firm's marginal cost curve can be approximated by a straight line, MC =

Your bank is offering you an account that will pay 20 % interest in total for a two-year deposit. Determine the equivalent discount rate for the following: a. Six months b. One year c. One month

A sales associate has a house listed at $200,000. It's overpriced and he feels it has only a 70% chance of selling in the original listing term. He also has a $300,000 house that has an 80% chance of sale.

Banks are financial intermediaries because they: a) hold all the money in the economic system in currency form. b) print money as needed for borrowers whether business, individual, or government entities.

Johnson Company manufactures a variety of shoes, and has received a special one-time-only order directly from a wholesaler. Johnson has sufficient idle capacity to accept the special order to manufacture 15,000 pairs of sneakers at a price of $7.