What are the advantages of a sole proprietor?

Q: Task 3: The population of the Republic of Butters is 165. Of these 165 individuals, 130 are in the…

A: The labor force is the sum of unemployed and employed people i.e., Labor force = Unemployed +…

Q: Question 11 Intra-industry trade between similar trading partners allows the gains from of a…

A: Intra-industry trade might be extensively characterized as the circumstance where countries…

Q: Question 23 Consider the following production alternative, 90 capital goods and 200 consumer goods.…

A: Production possibilities frontier shows different combinations of goods that can be produced with…

Q: Doesn't the demand curve shift as well?

A: When there is an increase or decrease in the demand for labor due to some reason other than the…

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A: The energy is the most crucial source of growth and development. The deficient energy will lead to…

Q: Suppose that when the average family income falls from $40,000 per year to $30,000 per year, the…

A: Ans. The Income elasticity of demand measures the responsiveness of change in demand for a good with…

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A: The are many determinants other than the price of the good that affects the demand for any product.…

Q: Factory X can produce skis or snowboards. If all factory time is devoted to producing skis, 400…

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Q: Find the FV of $1000invested to earn 10% annually 5 years from now. (Assume this is a single payment…

A: A present asset's future value, abbreviated as FV, is the value that asset is expected to have at…

Q: Question 9 A production possibilities curve that is a straight line represents the case of O…

A: Production Possibility Curve represents graphically, all possible combination of output of two goods…

Q: Costs that were incurred in the past and cannot be recovered are called Select the correct answer…

A: There are different terms for different types of cost such as variable cost, sunk cost, marginal…

Q: Any company in the U.S. that plans to issue stocks or bonds is required by the Securities and…

A: Companies must present their balance sheet and income statement because the Securities and Exchange…

Q: Distinguish between an inferior good and a normal good. Is a good which is inferior for one consumer…

A: Introduction Normal Goods : The consumption of things classified as 'normal' rises as income does.…

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A: Fiscal policy and monetary policies are instruments utilized by governments to offer impetus to the…

Q: What exactly is a market economy? and a discussion of the benefits and drawbacks of a free market

A: The means by which a specific government or society organizes and distributes all the available…

Q: -How much should you put into a 10% savings account in order to have P50,000.00 in five years if…

A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the…

Q: The law of increasing opportunity costs indicates that the opportunity cost of producing a good: O…

A: Opportunity Cost: The opportunity cost is the cost of an alternative that has been given up in order…

Q: #3

A: Tax is the amount that is charged by the government from an individual or an organization on their…

Q: 5. Suppose that a consumer's preferences are represented by u(x,y) = xy. A positive monotonic…

A: C is the correct answer : C. x2 y2 + 100 Since u(x,y) = xy, then a positive monotonic transformation…

Q: Explanation it correctly and details

A: Opportunity cost is the benefit lost while making a different decision. You must compare the…

Q: The coefficient of income in a regression of the quantity demanded of a commodity on price, income…

A: Income elasticity of demand measures the responsiveness of change in demand to change in income,…

Q: Suppose Jordan is open to free trade in the world market for oranges. Because of Jordan's small…

A: In an open economy, buyers and producers have an incentive to gain more from making economic…

Q: How do pricing strategies vary across markets that are characterized bymonopolistic, oligopolistic,…

A: A market is described as a place where buyers and sellers may communicate with one another and make…

Q: Price $5 $4 $3 $2 $1 SO 3 units. b. c. 4 units. d. 5 units. Chapter 4 Quantity Demanded by Michelle…

A: demand and supply are two forces where demand and price are inversely related to each other, and…

Q: Your uncle owns and operates a small retail store that sells the outdoor clothing of a Ghanaian…

A: A business's method(s) for generating revenue online are described in an online revenue model.…

Q: Cross-price elasticity refers to changes in demand that happen due to changes in price of related…

A: Cross price elasticity is the change in demand for good X due to change in price of good Y.

Q: evaluate different approaches to conducting an external environmental analysis

A: The practice of identifying every internal and external factor that might have an impact on an…

Q: After many months in business, Horatio decides that there are some negative aspects of having a sole…

A: A sole proprietorship is a type of business organization where one individual owns and runs the…

Q: In the long run, an increase in saving. Answers A-E A leads to crowding out. B leads to higher…

A: In the long run, a higher saving rate will by and large prompt more significant levels of economic…

Q: Years           Bank            Loan advance 2018          STANBIC        2,584,735 2019.…

A: The Herfindahl-Hirschman Index or HHI refers to the common measure for market concentration and it…

Q: x(p",w" Bp'w' x(p',w') Bp"w" X₂ Bpw' x(p",w"x(P,w') Bp"w"

A: The idea of weak axiom of revealed preference states that if a bundle lets say X is directly…

Q: Suppose that initially, the gasoline market is in equilibrium. War in the Middle East disrupts…

A: Price ceiling: A price cap is a price control or restriction imposed by a government or group on the…

Q: Investment in a crane (äl) is expected to produce profit from its rental of $15,000 the first year…

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Q: You have just moved to a new country to take up a two-year assignment. You need  to buy a car and…

A: In the process of making decisions, economic analysis is unavoidably a crucial instrument. Before…

Q: How long will it take money to double itself if invested at 10% compounded annually?

A: Compound interest formula: F = P (1 + r)n Where F is the future value P is principal value r is…

Q: Allison will graduate from high school next June. She has ranked her three possible post- graduation…

A: Suppose a person have 5 available options to choose from and he chooses a particular option, now the…

Q: Suppose that an ISP leases a new server in order to increase the speed of Internet service by…

A: The term cost describes any expense a business has when producing its goods or rendering its…

Q: You just invested $5,000 in Apple's stock that will yield 10% per year. Assumed that your annual…

A: Answer..

Q: Splitting the value chain refers to O large corporations participating in different industries. the…

A: Kinds of trade Domestic trade. Wholesale trade. Retail trade. Foreign trade. Import trade. Export…

Q: If price is $25 when the price elasticity of demand is -0.5, then marginal revenue must be: $25.…

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Q: Stilton, and Camembert are different types of cheese. A consultant estimates the following market…

A: Given information: QD = 450 - 7P + 10Ps - 15Pc -10Pw + 0.01I QS = 300 + 3P Where, QD is the quantity…

Q: Consider the market for corn. Suppose that right now, the equilibrium price is considered “too low”…

A: Price floor is the established minimum price for a commodity below which is not allowed to fall in a…

Q: explain law of diminishing marginal utility concept with example.

A: According to the law of diminishing marginal utility, as we consume more of a good, the amount of…

Q: The basic difference between macroeconomics and microeconomics is: microeconomics concentrates on…

A: Microeconomics concentrates on monetary connections or economic issues or monetary issues at the…

Q: (a) If the price of a good increase from $3.50 to $4.25, leading to a fall in quantity demanded from…

A: The price elasticity of demand is the percentage change in the quantity demanded of a good or…

Q: Task 5: Suppose, in the base year, a typical market basket purchased by an urban family cost $250.…

A: We may quickly determine the CPI index and inflation rate for various time periods just by carrying…

Q: An industrial plant bought a generator set for P87,504.00. Other expenses including installation…

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Q: Ques State with reasons, whether the following items will have elastic or inelastic demand: (i)…

A: Introduction Elastic Demand : The term "elastic demand" describes how a small change in price can…

Q: Wine Bread The diagram above depicts society's choices according to the resources available to…

A: Production Possibility Curve (PPC)  represents graphically all possible combinations of output that…

Q: 2. A loan earns an interest of 12% compounded- quarterly and should be paid within 6 yrs. How much…

A: r = 12% compounded quarterly n = 6 years Amount paid 1st year = 20,000 3rd year = 30,000 4th year =…