Everybody should pay for their food, tax, and tips if we wish to calculate how much should be paid out the least. This is the best approach to do so.
Bill, what is it?An financial document that details the price a customer must pay for a good or service is referred to as a "bill." It is also regarded as a reminder for payments. First before payment is delivered, a bill is issued, and it is utilized once and right away.
Which is better, bills or invoices?You might receive an invoice from a business for services rendered, but when you get it, you only consider it to be a bill. A bill is a straightforward description of what is currently due, although the word "invoice" can suggest that payment conditions, such as "NET-30 days," have been negotiated.
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Do you think you would invest in an individual bond or bond fund? Both? Neither? Explain why.
need asap
I would invest in bond funds which is a collection of funds since its risks are distributed, unlike an individual bond.
Bond funds
A bond fund is a mutual fund with various maturity periods. Examples of bond funds are government bonds, corporate bond funds, etc.
A minimum amount for investment is accepted with bond funds.Bonds easily provide diversification while the interest can be received directly by the investor on a monthly basis.The bond funds investment is managed by professionals.The risk of bond funds is lower and distributed.Hence, investment in bond funds is more profitable.
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Which trend has the world bank seen in its study of poverty in low-income nations?.
A trend that the World Bank has noticed in its study of low-income nations is b. More women live in poverty than men.
Why is this a trend?In low-income countries, there is a lot of inequality between men and women with women being denied opportunities.
This has led to a situation where women live in more poverty than men because they lack the means to uplift themselves and are forced to depend on men.
In conclusion, option B is correct.
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Which of the following might a bank do to ensure customers' money stays in the bank? (Select the best answer.)
Answer:
Require minimum balances
Explanation:
Mary is deciding whether to book the cheaper flight home from college after her final exams, but she's unsure when her last exam will be. She thinks there is only a %10 chance that the exam will be scheduled after the last day she can get a seat on the cheaper flight. If it is and she has to cancel the flight, she will lose $150. If she can take the cheaper flight, she will save $50. a) If she books the cheaper flight, what can she expect to gain, on average? b) What is the standard deviation?
Answer:
(a) Expected gain = 30
(b) Standard deviation = 66.03
Explanation:
From the question, we are given the following:
Probability of loss = 10%
Loss amount = $150
Probability of Saving = 100% - Probability of loss = 100% - 10% = 90%
Saving amount = $50
Therefore, we proceed as follows:
a) If she books the cheaper flight, what can she expect to gain, on average?
This can be calculated as follows:
Expected gain = (Probability of loss * (-Loss amount)) + (Probability of Saving * Saving amount) = (10% * (-150)) + (90% * 50) = -15 + 45 = 30
b) What is the standard deviation?
Standard deviation can be described as a measure of the amount of variation a set of values. This can be calculated from the variance as follows:
Variance = (Probability of loss * (-Loss amount - Expected gain)^2) + (Probability of Saving * (Saving amount - Expected gain)^2) = (10% * (-150 - 50)^2) + (90% * (50 - 30)^2) = (10% * (-200)^2) + (90% * (20)^2) = (10% * 40,000) + (90% * 400) = 4,000 + 360 = 4,360
Standard deviation = Variance^0.5 = 4,360^0.5 = 66.03
If you invest $26,994 today at an interest rate of 3.69 percent,
compounded daily, how much money will you have in your savings
account in 16 years?
Round the answer to two decimal places.
After 16 years, you would have approximately $46,790.97 in your savings account.
To calculate the future value of an investment, we can use the formula for compound interest:
Future Value = Principal * (1 + (Interest Rate / n))^(n * Time)
Where:
Principal = $26,994
Interest Rate = 3.69% (0.0369)
Time = 16 years
n = number of times interest is compounded per year (in this case, it is compounded daily, so n = 365)
Plugging in the values:
Future Value = 26,994 * (1 + (0.0369 / 365))^(365 * 16)
Calculating this equation gives us:
Future Value = $46,790.97
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PLEASEE! unit test in progress!!
A tax accounting software company is trying to help potential customers understand how other tax firms are already using certain platforms to complete their work. What type of primary research might they use to BEST tell that story?
a. Websites about tax firms’ busy season
b. Account textbooks
c.an interview with a single client
d. 10 case studies of existing clients
Answer:
It is D
Explanation:
.
MetLife was able to dramatically expand its global footprint by acquiring Alico, a global player in the insurance business, from AIG in 2010 when AIG was in financial distress. This shows that not all diversification moves erode performance.
a) true
b) false
Answer:
True
Explanation:
It is true that not all diversification erodes performance. That is it is not all diversification moves that reduces performance or destroys it. Sometimes diversification could lead to greater risks or greater costs of investment. By diversifying and acquiring Alico metlife was able to increase and expand globally
In
, people invest money in a company in exchange for the company’s
.
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
Give a least two reseons why u think your product and country would be a good idea
Answer:
my Product and Country Would be a good idea because instead of charging taxes I would make sure everyone is not at the same level but to a point to where no one is homeless or in need of help my product would be something that could make food for free and anytime food is not hard to come by but the wealthy buys so much food that they don't need and discard that those who do need the food cannot retrieve the food because it is already gone being wealthy is nice but if I was wealthy I would try to at least let those around me either become wealthy or make sure they never need something to the point they could die for it.
Explanation:
The demand curve for dollars shows the relationship between ____________.
A. how many dollars the government supplies and how many dollars domestic consumers demand.
B. the quantity of dollars demanded and the exchange rate.
C. the exchange rate and the foreign inflation rate.
D. the exchange rate and the domestic inflation rate.
The demand curve for dollars slopes downward because when the dollar ____________.
A. depreciates in value, U.S. goods become relatively more expensive abroad, causing fewer people to buy dollars.
B. appreciates in value, U.S. goods become relatively more expensive abroad, causing more people to buy dollars.
C. appreciates in value, U.S. goods become relatively more expensive abroad, causing fewer people to buy dollars.
D. appreciates in value, U.S. goods become relatively less expensive abroad, causing more people to buy dollars.
1.The demand curve for dollars shows the relationship between the quantity of dollars demanded and the exchange rate.
2.The demand curve for dollars slopes downward because when the dollar appreciates in value, U.S. goods become relatively more expensive abroad, causing fewer people to buy dollars.
1.The demand for dollars is determined by the quantity of dollars that individuals, firms, or governments want to buy at various exchange rates. When the exchange rate becomes more favorable (i.e., the price of foreign currency decreases relative to the domestic currency), the quantity of dollars demanded typically increases. Conversely, when the exchange rate becomes less favorable (i.e., the price of foreign currency increases relative to the domestic currency), the quantity of dollars demanded usually decreases. The demand curve for dollars represents this relationship graphically, with the quantity of dollars demanded on the vertical axis and the exchange rate on the horizontal axis. It illustrates how the quantity of dollars demanded changes as the exchange rate varies.
2.When the value of the dollar appreciates, U.S. goods become relatively more expensive abroad. This is because a stronger dollar means that a greater amount of foreign currency is required to purchase the same amount of U.S. goods. As a result, foreign consumers may find U.S. goods less affordable and less attractive compared to goods from other countries. Consequently, the demand for U.S. goods decreases, leading to a decrease in the demand for dollars required to purchase those goods.
In addition, an appreciation in the value of the dollar can also lead to a decrease in demand for dollars through other channels. For instance, when the dollar appreciates, it becomes more expensive for foreign businesses and investors to invest in the United States. This can reduce the inflow of foreign direct investment and decrease the demand for dollars from foreign entities seeking to invest or expand their operations in the U.S. Furthermore, a stronger dollar can make U.S. financial assets more appealing to foreign investors, causing them to shift their investments away from foreign currencies and into dollars. This can result in a decrease in the demand for foreign currencies and an increase in the demand for dollars.
Overall, the appreciation in the value of the dollar leads to an increase in the relative price of U.S. goods abroad and diminishes the attractiveness of U.S. goods and investments. Consequently, fewer people are willing to buy dollars, causing a downward-sloping demand curve for dollars.
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Indicate whether each of the following costs of an automobile manufacturer would be classified as direct materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Automobile engine b. Brake pads c. Depreciation of robotic assembly line equipment d. Glass for front and rear windshields e. Safety helmets and masks for assembly line workers f. Salary of quality control inspector g. Steering wheel h. Tires i. Wages of assembly line workers
Answer:
The given costs and classification are;
Cost \({}\) Classification
a. Automobile engine \({}\) Direct Material cost
b. Brake pads \({}\) Direct Material cost
c. Depreciation of robotic assembly line equipment Factory overhead cost
d. Glass for front and rear windshields \({}\) Direct Material cost
e. Safety helmets and masks for assembly line workers Factory overhead cost
f. Salary of quality control inspector \({}\) Factory overhead cost
g. Steering wheel \({}\) Direct Material cost
h. Tires \({}\) Direct Material cost
i. Wages of assembly line workers \({}\) Direct labor cost
Explanation:
Direct material cost is the total cost of the materials with which the product is manufactured
Direct labor costs are the total cost of the wages and salaries which the workers directly involved in the production of the goods or the rendering of the service receive
Factory overhead is the operational cost of the production facility that are not directly related to the output or produced materials. Factor overhead are all the other costs excluding the direct labor and material costs.
If the account is interest bearing, how would you account for the interest when you reconcile your account?
1. subtract the interest from your running balance
2. add the interest to your running balance
3. forget about it since it is probably a small amount
4. keep a separate entry for interest
Answer:
the answer is 1 I do in fact think
The account for the interest when you reconcile your account is subtract the interest from your running balance Option(1) is correct. Stores have filled unequivocally as of late, despite the fact that there has been no development in interest-bearing protections.
What is Interest Bearing?An interest-bearing record is a kind of financial balance that pays the client an interest rate in return for them storing their cash at the bank.
The return and interest rate offered will change by bank and rely upon the record agreements. They can likewise change over the long run. There are various reasons you ought to open an interest-bearing record.
Not exclusively will you bring in cash from your reserve funds, yet you can keep it where you will not be enticed to spend it. It's dependably really smart to set aside cash and keeping one or even a few records that procure you interest is a shockingly better thought.
Families contribute around two-fifths of their monetary resources in interest-bearing resources. These resources are prevalently held straightforwardly in stores and furthermore through superannuation and other venture reserves.
Therefore Option(1) is correct.
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Why is HR planning integral to a firm's strategic planning? As
an HR professional, what do you think you could do to tie the two
functions together?
HR planning is integral to a firm's strategic planning as it helps organizations determine the current and future human resource needs of the organization to achieve its goals and objectives.
Through HR planning, firms can identify skills and competencies required, align workforce needs with business goals, forecast labor shortages or surpluses, and develop recruitment and training strategies to meet the company's future needs.
As an HR professional, one could tie the two functions together by ensuring that HR plans are aligned with the firm's strategic goals and objectives, identifying the workforce skills, knowledge, and capabilities that are required to achieve these goals.
This will help in forecasting labor needs, developing recruitment strategies, and building employee capability programs to fill skill gaps. Additionally, an HR professional can provide input on the workforce implications of the firm's strategic plans and recommend human resource strategies to support the company's goals.
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Aw sh~ here we go again.....
Answer:
Explanation: Yessssss..
A social worker is most likely to find him- or herself working with troubled people who are 20-40 years old. True False A social worker is most likely to find him- or herself working with troubled people who are 20-40 years old. True False
Answer: True
Explanation: Text Evidence proves that it is true.
Answer:
False
Explanation:
When we hear or read The Market is up or down each day---that is referring to what?
a.the NASDAQ
b.the S&P 500
c.the Dow Jones Average
d.none of these answers
When we hear or read The Market is up or down each day---that is referring to a.the NASDAQ
When we hear or read "The Market is up or down" each day, it typically refers to the overall performance of the stock market as a whole. While there are multiple stock market indices that track different aspects of the market, such as the NASDAQ, the S&P 500, and the Dow Jones Average, none of these individual indices can fully capture the entire market's performance.
The NASDAQ is an electronic marketplace that primarily lists technology and growth-oriented companies, while the S&P 500 represents the 500 largest publicly traded companies in the United States across various industries. The Dow Jones Average, also known as the Dow Jones Industrial Average (DJIA), is a price-weighted index that consists of 30 large and well-established companies.
However, when we hear or read about the market being up or down, it generally refers to the broader market sentiment or the performance of a composite index that represents a broader range of stocks. This could include factors such as investor confidence, economic indicators, geopolitical events, and overall trends in the financial markets.
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please please help. i need 2,3, and 4 . it is due tomorrow
Answer:
2. Filing for bankruptcy is when the court decides whether to discharge your debts and those who owe are no longer legally required to pay them. It is on a credit report because it shows what you can pay for and what you can't.
3.Pay Your Bills on Time, Pay off Debt and Keep Balances Low on Credit Cards, and apply for and Open New Credit Accounts as Needed.
4.TransUnion, Equifax, and Experian.
Explanation:
a is a ranked society in which every member has a position in the hierarchy, and an individual's status is determined by membership in a descent group.
A ranked society is one in which every member has a position in the hierarchy, and an individual's status is determined by membership in a descent group. In such societies, people are ranked according to their ancestry and family ties, and their status and privileges are tied to the status of their descent group. For instance, in some societies, the highest-ranking members are the descendants of the founding ancestors, while the lowest-ranking members are those who have recently joined the group or are descendants of less prominent ancestors.
One of the key characteristics of ranked societies is that membership in a descent group is usually inherited matrilineally or patrilineally. This means that a person's status is determined by their mother's or father's lineage, and they inherit the rank, privileges, and responsibilities associated with that lineage. In some societies, membership in a descent group may also be acquired through marriage or adoption, but even in these cases, the individual's status will be determined by the status of their spouse or adoptive parent's descent group.
In conclusion, ranked societies are social systems in which every member is assigned a position in the hierarchy based on their membership in a descent group. This system of social organization is common in many cultures around the world and has been an important factor in shaping social relationships, political structures, and economic systems throughout human history.
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According to the unit, what percentage of shoppers used a coupon in 2012?
A. 78%
B. 85%
C. 93%
D. 100%
today's world, 96% of consumers have used a coupon in the past 90 days. JC Penney tried to break consumers of the coupon habit in 2012 and quickly saw a 23% drop in sales for the first three quarters of 2012. If JC Penney couldn't change people's shopping behavior, you probably can't either.n: so i guess its c
Answer:
78%
Explanation:
I take nutrition and wellness, and this was the correct answer for me. Just took the test as well :P
She sells seashells on a seashore But the value of these shells will fall Due to the laws of supply and demand No one wants to buy shells 'cause there's loads on the sand
Step 1: you must create a sense of scarcity Shells will sell much better if the people think they’re rare, you see Bare with me, take as many shells as you can find and hide 'em on an island stockpile 'em high until they’re rarer than a diamond
Step 2: you gotta make the people think that they want 'em Really want 'em, really freakin want 'em Hit 'em like Bronson Influencers, product placement, featured prime time entertainment If you haven’t got a shell then you're just a freaking wasteman
Three: it's monopoly, invest inside some property, start a corporation, make a logo, do it properly "Shells must sell", that will be your new philosophy Swallow all your morals they're a poor man's quality
Four: expand, expand, expand, clear forest, make land, fresh blood on hand
Five: why just shells? Why limit your self? She sells seashells, sell oil as well!
Six: guns, sell stocks, sell diamonds, sell rocks, sell water to a fish, sell the time to a clock
Seven: press on the gas, take your foot off the brakes Run to be the president of the United States
Eight: big smile mate, big wave that's great Now the truth is overrated, tell lies out the gate
Nine: Polarise the people, controversy is the game It don't matter if they hate you if they all say your name
Ten: the world is yours, step out on a stage to a round of applause You're a liar, a cheat, a devil, on the floor And you sell seashells on the seashore
Answer:
Amazing story 10/10
Explanation:
This text is a fun and musical piece of writing that makes fun of different subjects like money, selling things, having an impact on others, and how power works.
What is the seashells about?This text talks about using the idea of selling seashells on a seashore to explain a bigger idea about how people can be manipulated and controlled by big companies and society.
This passage is written in a way that shows different aspects of a story. It covers things like creating a feeling of not having enough, changing how people think about things, and gaining more power.
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John Deere Manufacturing Company has two manufacturing departments--Cutting and Soldering for its series 200 lawn tractor body. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Cutting Soldering Estimated total machine-hours (MHs) 1,250 11,400 Estimated total fixed manufacturing overhead cost $ 15,880 $ 37,300 Estimated variable manufacturing overhead cost per MH $ 3.12 $ 2.40 During the most recent month, John Deere started and completed two jobs--Job 1A and Job 1B. There were no beginning inventories. Data concerning those two jobs follow: Job 1A Job 1B Direct materials $ 12,300 $ 8,492 Direct labor cost $ 18,200 $ 5,870 Cutting machine-hours 700 300 Soldering machine-hours 3,600 5,410 Assume that John Deere uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 80% on manufacturing cost to establish selling prices. Answer the following questions. (round predetermined overhead rate to two decimal places) 1. What is the plantwide predetermined MOH rate
Answer:
John Deere Manufacturing Company
Cutting Soldering
Predetermined MOH rates = $19.80 $7.18
Explanation:
a) Data and Calculations:
Cutting Soldering
Estimated total machine-hours (MHs) 1,250 11,400
Estimated total fixed manufacturing overhead cost $ 15,880 $ 37,300 Estimated variable manufacturing overhead cost per MH $ 3.12 $ 2.40
Total estimated variable manufacturing overhead $3,900 $27,360
Total manufacturing overhead costs $19,780 $64,660
Job 1A Job 1B Total
Direct materials $ 12,300 $ 8,492 $
Direct labor cost $ 18,200 $ 5,870
Cutting machine-hours 700 300 1,000 hours
Soldering machine-hours 3,600 5,410 9,010 hours
Plantwide predetermined MOH rates:
Cutting Soldering
Estimated total manufacturing overhead costs $19,780 $64,660
Total machine hours during the most recent month 1,000 9,010
Predetermined MOH rates = $19.80 $7.18
= ($19,780/1,000) ($64,660/9,010)
A student in public administration wants to determine the mean amount members of city councils earn. The error in estimating the mean is to be less than $100 with a 99% level of confidence. The student found a report by the department of labor that estimated the standard deviation to be $1000. What is the required sample size?
Answer:
663.58
Explanation:
From the problem:
E, the maximum allowable error, is $100
The value of z for a 99 percent confidence level is 2.576
Estimate of standard deviation is $1,000.
n = [(z x s)/ E] ^ 2
n = [(2.576 x 1000) / 100}^2
= 25.76^2
=663.58
For a table manufacturing company, selling price for a table is $160.00 per Unit, Variable cost is $26,00 per Unit, rent is $4.632.00 per month and insurance is $289.00 per month. Company wants to expand its business and improve the table quality, it wants to increase the selling price for a table to $277.00 per Unit, Varlable cost to $50.00 per unit, bigger area Will have rent $5,700.00 per month and insurance is $392.00 per month At what point will the company be indifterent between the current mode of operation and the new option? Answer format: Number, Round to 0 decimal places
The company will be indifferent between the current mode of operation and the new option when it is able to sell 37 tables under the current mode of operation and 27 tables under the new mode of operation.
The contribution margin of the new mode of operation is $277.00 - $50.00 = $227.00 per unit. The contribution margin of the current mode of operation is $160.00 - $26.00 = $134.00 per unit. Let X be the break-even point The formula for break-even point is as follows: X = (Fixed cost) / (Contribution margin)The fixed costs for the current mode of operation is $4,632.00 + $289.00 = $4,921.00 per month .
The fixed costs for the new mode of operation is $5,700.00 + $392.00 = $6,092.00 per month For the current mode of operation: X = $4,921.00 / $134.00 = 36.70 units Rounding to 0 decimal places: X = 37 units For the new mode of operation: X = $6,092.00 / $227.00 = 26.88 units Rounding to 0 decimal places: X = 27 units. Therefore, the company will be indifferent between the current mode of operation and the new option when it is able to sell 37 tables under the current mode of operation and 27 tables under the new mode of operation.
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select the functions from the following list that could belong to an adt. (hint: ask yourself if these methods belong in an idealistic adt, i.e. one truly meeting the adt design rule.)
The following capabilities belong to an ADT, but now not all idealistic ADTs are immutable-Account ADT Accepts an int and sets the account opening year to that set yr(int yr)Queue ADTSets the queues internal ArrayList to the given ArrayList set contents ArrayList contents.
These techniques above are within the idealistic ADT. due to the fact, that idealistic ADTs are mutable. If a summary records type is mutable then we are able to trade the objects of its kind and if it's miles immutable then we cannot exchange its item. means to formally outline the behavior of a software machine or a module, and form the basis for testing an implementation.
ADTs are a theoretical idea, in computer technological know-how, used inside the layout and evaluation of algorithms, facts structures, and software program structures, and do not correspond to precise features of pc languages mainstream laptop languages do now not without delay guide formally unique ADTs.This element describes the structure of the data used inside the ADT in a casual manner. Operations: This part describes valid operations for this ADT, hence, it describes its interface.
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plz look at photo and help plzz!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
answer: i would guess the second one
the net international investment position of a country shows a. its stocks of international assets at a point in time. b. its stocks of international liabilities at a point in tim
The net international investment position of a country shows both (a) its stocks of international assets and (b) its stocks of international liabilities at a specific point in time.
The net international investment position (NIIP) of a country is a measure that reflects the difference between its stocks of international assets and its stocks of international liabilities at a particular point in time. It represents the net value of a country's external financial assets and liabilities.
The NIIP includes the stocks of international assets, which encompass various forms of investments abroad, such as foreign direct investment, portfolio investments, and reserve assets held by the country's central bank. These assets represent the claims that the country has on foreign entities. The NIIP includes the stocks of international liabilities, which consist of the country's obligations to foreign entities, including external debt, loans, and other liabilities owed to non-residents.
By calculating the difference between the stocks of international assets and liabilities, the net international investment position provides an overview of a country's overall international financial position. A positive NIIP indicates that the country has a net creditor position, meaning its assets exceed its liabilities, while a negative NIIP suggests a net debtor position, where liabilities outweigh assets.
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You have three separate accounts with your bank that you can manipulate with online banking. Account "A" is a checking account with a $5,245.50 balance, Account "B" is a personal savings account with a $12,850.25 balance, and account "C" is a joint college savings account with your 12-year-old son. You move $2,500 from account "B" to account "A" to cover an unexpected bill. You also move 1.5% of the remaining balance in account "B" to account "C". What is left in account "B" after these transfers? A) $10,195 B) $10,350 C) $15,550 D) $25,000
Answer:
A) $10,195
Explanation:
This can be calculated as follows:
Amount in Account "B" = $12,850.25
Remaining balance after moving $2,500 from Account "B" to account "A" = Amount in Account "B" - $2,500 = $12,850.25 - $2,500 = $10,350.25
Amount moved from account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" * 1.5% = $10,350.25 * 1.5% = $155.25
Balance after moving 1.5% of the remaining balance in account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" - Amount moved from account "B" to account "C" = $10,350.25 - $155.25 = $10,195
Therefore, the correct option is A) $10,195.
A visual depiction of the subassemblies and components that are needed to produce and/or assemble a product is called a(n):
A) Assembly time chart B) Product structure tree C) MRP II
D) Pegging E) Gantt Chart
A Gantt chart is a visual representation of the subassemblies and components that are required to produce and/or assemble a product. Option E
It provides a timeline view of the project, outlining each task or component required, and the duration of time it will take to complete each step.
The Gantt chart is an essential tool in project management and is widely used across industries. It allows project managers to plan, schedule, and track progress of a project in a visual format that is easy to understand.
By breaking down the project into its subcomponents and tasks, project managers can identify potential bottlenecks and dependencies, ensuring that everything is in place to keep the project on track.
In summary, a Gantt chart is a powerful tool that helps project managers to plan and visualize the subassemblies and components required to produce and/or assemble a product. It is an essential tool for any project manager looking to streamline their operations, minimize costs, and maximize efficiency. So the correct answer is Option E.
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PLEASE help im stuck
What management principle caused the cost per bushel to change? Explain how the principles applied to this example.
Answer:
Microeconomics uses a set of fundamental principles to make predictions about how individuals behave in certain situations involving economic or financial transactions. These principles include the law of supply and demand, opportunity costs, and utility maximization. Microeconomics also applies to businesses.
Examine the supply and demand schedules for cell phones. How much would
a seller charge if he or she wanted to sell cell phones for their equilibrium
price
Answer: $400
Explanation: