Discussion 9 True or False? "Perfect competition' is considered both the ideal and the default state in Economics 101 (or in our class of ECON 2). So-called perfectly competitive markets achieve equilibrium when producer supply meets consumer demand." -- Peter Thiel

Q: Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500…

A: The loan is the amount of money which would result in the amount of money borrowed and used for…

Q: Write sources of financing for a building materials company?

A: Any business to operate/function requires funds, the tools used to acquire these funds are…

Q: Identify the types of South African businesses

A: South Africa is home to diverse sorts of businesses across different sectors. Right here are a few…

Q: Contract.

A: Each organisation will have its own contract. Some will have more clauses, while others will have…

Q: The rental income Lorenzo could receive if he chose to rent out his showroom

A: In the market, rental income is the term that defines the trade in which an individual provides his…

Q: The table shows a private open economy. All figures are in billions of dollars. Real GDP C+ lg Net…

A: The real GDP refers to the total goods and services produced in an economy in a given fiscal…

Q: GST was first introduced in which country ?

A: GST was introduced in many countries to reduce the tax evasion.

Q: I also need help with C and D

A: The advertisement cost is a sunk cost, and this is exceptionally prominent in the oligopoly market.…

Q: How are the annual revenues and expenses estimated?

A: The annual revenue can be estimated by multiply the units of goods and services sold to the price…

Q: A full-time job usually requires less than 40 hours of work per week. True or false

A: The economy would consist of the total population which consist of the employed and the unemployed.…

Q: The price of land used in production.     Mortgage     Rent     Savings     Profit…

A: Land, labour, entrepreneurship, and capital are examples of components of production. The present…

Q: What are some common examples of expenses?

A: To generate revenue, the business organizes many activities. The cost of doing these activities are…

Q: Business strategy for government agency to meet management challenges?

A: The main business strategy for government agencies is to go digital to reach a large number of…

Q: Explain Grant

A: Grant: It is a sum of money that is being paid to an individual or an institution by any government…

Q: Give example of merit

A: Merit pay refers to performance-related pay which provides bonuses or base pay increases for…

Q: What is land property

A: Land: It refers to the asset of the people. More land with the people shows that are rich. The less…

Q: Individual Income Tax- Sales Tax- Property Tax- Corporate Income Tax-

A: Taxes are described as a government-imposed tax on individuals in the economy in exchange for no…

Q: What couses immigration

A: Immigration refers to the movement of individuals from their home country to any other country. The…

Q: what is the role of the supervisor in handling grievances

A: A supervisor is a person who is responsible for supervising an activity or business. He is…

Q: National Service Reserve Corporation

A: Welfare services Welfare refers to government-sponsored assistance programs for low-income…

Q: You have 5 kids and work 2 jobs to help support your family. You work a day job from 8:00 am to 4:00…

A: Production possibility frontier is a graphical representation that shows different possible outcomes…

Q: Legal and Ethical Behavior

A: There is a difference between the legal system and ethical decisions, even though they are used most…

Q: Evaluate safety and security affecting early childhood development in Jamaica. Use references.

A: Safety and security are fundamental aspects affecting early childhood development, as they provide…

Q: True/False Personal income include personal taxes

A: Income includes the wages, salaries, dividends, transfer earnings etc, that is, anything that is a…

Q: absolute deeds of sale vs conditional sale

A: Consider the scenario of a sale of a property. Here, the ownership of the property is transferred to…

Q: is consumer spending likely to go up or down in the next 12 to 18 months

A: Consumer Spending: This refers to the total amount of money spent by individuals or households on…

Q: Round $761.88972091 to the nearest cent. (NOTE: Do not include the $ in your answer.) Your Answer:

A: The nearest cent refers to the value that has two digits after the decimal. In economics, rounding…

Q: Discuss world organizations that assist companies in developing and abiding by global standards to…

A: Consumer security is the task of defending consumers of products and services, as well as the…

Q: paticipation rates

A: Participation rates refer to the number of people working in an economy. Participation rates measure…

Q: What are standard deductions?

A: There exists a difference between taxable income and the total amount of income earned by the…

Q: What economical benefits does marijuana have. The economics of Marijuana

A: Marijuana is a min-altering drug which is smoked or consumed.

Q: QUESTION 3: Many movie consumers who used to rent DVDS are now patronising online video rentals,…

A: Demand refers to the total quantity that buyers willing to buy at the particular price level.…