Answer:
B. will be horizontal
Explanation:
A type of market where output is identical to the output of any other firm in the market and the market has many firms and transaction costs are low is the perfect competition.
The demand curve is horizontal because in this type of market, price is set by the forces of demand and supply. Buyers are sellers are price takers and they don't have any influence over prices. At the going market price, sellers sell all the quantities of their products.
But if they attempt to increase price, quanitity demanded would fall to zero as consumers would easily shift to other sellers. Also, there would be no incentive to reduce price because they would be earning a loss.
I hope my answer helps you
Answer: 5.
Explanation:
Given that,
If there are $100 deposited in an account, then Tuscan bank required to keep $20 as a reserves.
Therefore, required reserve ratio (rr) is 20%.
Money multiplier =
=
= 5
Therefore, the current money multiplier is 5.
The full-time job not worked by a college student (and the wages not earned) because she has to spend a lot of time studying is an example of opportunity cost.
Opportunity cost is the time you spend studying and the money you spend doing something else. The farmer decided to plant wheat. The opportunity cost is to grow another crop or use resources (land and farm tools) in another way. Commuters commute by train instead of by car.
Opportunity cost is what you have to give up to buy what you want in other goods and services. When economists use the word cost, they usually mean opportunity cost. The word “expenses” is often used in everyday conversation and news.
Opportunity cost is an economic term that refers to the value of something you have to give up in order to choose something else. In short, it's the value of the path it didn't take.
Learn more about Opportunity cost here: brainly.com/question/8846809
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It is important to keep accurate financial records so true
Payback period is the time you have to wait for your funds to recover from its initial investment through cash inflows generated by your project. This is how economists appraise their project's viability. For even cash inflows, the equation is
Payback period = Initial investment/Cash inflows
Payback period = $1675/$570 per year
Payback period = 2.94 or approximately 3 years.