Explain how an increase in market competition may impact price and output of goods and Services?

Suppose that in 1984 the total output in a single-good economy was 7000 buckets of chicken. Also suppose that in 1984 each bucket of chicken was priced at $10.

b. Suppose the government sets a target price of $5 per bushel for any quantity supplied up to 1,000 bushels.

Why is it important to get an estimate before buying a service? a. To set up a payment schedule c. To identify a time line for the work. b. To spell out the terms of the work. d. To establish a cost for comparison.

If, for a given percentage increase in price, quantity demanded falls by a proportionally smaller percentage, the demand is A. perfectly elastic. B. relatively elastic. C. unit elastic. D. relatively inelastic.

How do future expectations of an improving economy affect aggregate demand

Samson and Sons purchased a 6-month insurance policy for $1,200 which covers the months July through December. Initially the entire cost of the insurance policy was recorded in prepaid insurance.

You are planning to make monthly deposits of $370 into a retirement account that pays 9 percent interest compounded monthly.

David mashley teaches two undergraduate statistics courses at kansas college. the class for statistics 201 consists of 7 sophomores and 3 juniors. the more advanced course, statistics 301, has 2 sophomores and 8 juniors enrolled.

Broom Corporation transfers assets with an adjusted basis of $300,000 and an FMV of $400,000 to Docker Corporation in exchange for $400,000 of Docker Corporation stock as part of a taxminusfree reorganization.

Coins, currency, demand deposits and travelers checks fit what definition of money supply? a. M1 b. M2 c. M3 d. M4