Rewards are important. to all people, regardless of circumstance.
What serves as the primary motivator for a market economy?Increased innovation is supported by a nation's market economy. To achieve a competitive advantage, businesses and individuals are urged to innovate. Companies are primarily motivated by money, and as a result, they seek to develop new products and technology in order to increase profits.
What function does the government serve in a market economy?However, economists recognize six primary roles for governments in market economies. Governments maintain competition, offer public goods and services, redistribute income, account for externalities, and stabilize the economy in addition to providing the legal and social framework.
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In a free market, the price of products exchanged in the market:
In a free market, buyers and sellers bargain about the costs of the goods exchanged there.
What is a free market?
Supply and demand are the foundation of the free market, which has little to no governmental intervention. It is a concise description of every voluntary exchange that occurs in a specific economic setting. A spontaneous and decentralised sequence of arrangements by which people make economic decisions is what defines free markets. The size of a country's free market economy might vary greatly or be completely banned depending on its political and legal framework. Even though there are no completely free market economies and all markets have some form of restriction, economists who assess the level of market freedom have discovered a generally favourable correlation between free markets and indicators of economic well-being.
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what types of injury trend reports would provide useful data to the workforce for future accident prevention?
Frequency, Severity, and Location reports are the types of injury trend reports that would provide useful data to the workforce for future accident prevention.
Frequency, Severity, and Location reports are all types of injury trend reports that can provide useful data to a workforce for future accident prevention. Frequency reports show the number of injuries that occur over a certain period of time, while Severity reports indicate the severity of the injuries that occur.
Location reports, on the other hand, provide information on where the injuries are occurring. All of these reports can help to identify potential risks and areas of improvement, so that employers can take steps to reduce the risk of future accidents.
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T/F from 2011 to 2018, espn lost 14 million cable tv subscribers, costing the company over a billion dollars annually.
From 2011 to 2018, espn lost 14 million cable tv subscribers, costing the company over a billion dollars annually. The answer is true.
ESPN is one of the largest sports networks and has been affected by the decline in traditional cable TV subscribers. The cord-cutting trend, where people are opting out of traditional cable TV packages in favor of streaming services, has had a significant impact on the network's subscriber base.
However, the exact number of subscribers lost and the cost to the company are not publicly available and can vary based on different sources. ESPN has been able to offset some of these losses through its streaming services and other partnerships, but it continues to face challenges in a rapidly changing media landscape.
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3. It is important to make certain that your employees are aware of the work ethic expected at your company. What work ethics issues would be most ideal for your employees ? (3 points )
It is critical to ensure that your employees understand the work ethics that is expected at your company. Provide them with the company's ethical policy. If they already have access to it, remind them to read it and follow it.
What is Ethics?Ethics is the distinction between what is right and what is wrong. There are times when people must sacrifice their own benefit for the benefit of the public at large.
Employees may become more devoted to their roles and express pride in being a part of such an organization if they understand and perceive their organization's commitment to high ethical standards. This type of transformation has the potential to significantly improve organisational effectiveness.
Therefore, it is essential for the employees to follow the work ethics.
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Place the steps in the segmentation, targeting, and positioning process in order, with the first step at the top
The following should be listed in the order of the segmentation, targeting, and positioning procedure, starting with the first stage.
Decide on a strategy or goal.
Explain segments.
Rank the attractiveness of the segment.
Determine Your Market.
Establish positioning strategy by identifying it.
What comes first in the process of segmentation, targeting, and positioning?
There are 5 steps in the market segmentation process: 1) segment potential customers; 2) classify products; 3) create a market-product grid and calculate market sizes; 4) choose target markets; and 5) implement marketing strategies to reach target markets.
What marketing objective comes first?
1) Establish quantifiable, strategic marketing objectives.
For instance, if no visits were turning into buyers, you wouldn't want to set a target of increasing lead conversion.
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in the country of azard, businesses use new smart cell phones to speed up many tasks such as sales recording, inventory checks, purchase orders etc. which components of growth are recorded here? group of answer choices human and physical capital technology only human capital and technology physical capital and technology
The components of growth that are recorded here are Physical capital and technology. The correct option is d.
What is physical capital?Physical capital is one of what economists call the three main factors of production. It consists of tangible, human-made goods that assist in the process of creating a product or service. The machinery, buildings, office or warehouse supplies, vehicles, and computers that a company owns are all considered part of its physical capital.
Physical capital items, such as manufacturing equipment, also fall into the category of fixed capital, meaning they are reusable, and not consumed during the production process.
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ou expect to receive $41,000 at graduation in two years. you plan on investing it at 9.25 percent until you have $176,000. how long will you wait from now?
It will take approximately 10.74 years from now to reach $176,000 at 9.25 percent interest.
We can use the formula for emulsion interest to break for the time it'll take to reach $176,000 from $41,000:
A = [tex]P (1 + r/n)^{nt}[/tex]
where:
A = $176,000 (the final value)
P = $41,000 (the initial value)
r = 9.25% (the interest rate)
n = the number of times the interest is compounded in a year
t = the number of years the investment is done
Rearranging the formula to solve for t:
t = (log(A/P)) / (log(1 + r/n))
let us assume n = 1 (interest compounded annually). Putting in the values:
t = (log($176,000/$41,000)) / (log(1 + 9.25%))
t = (log(4.268)) / (log(1.0925))
t = 10.74 years
So it will take approximately 10.74 years from now to reach $176,000 at 9.25 percent interest.
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a promotional strategy designed to create buyer demand that will encourage channel members to stock a company's product is called a .
A promotional strategy designed to create buyer demand that will encourage channel members to stock a company's product is called a "push strategy."
Push strategies focus on "pushing" the product through the distribution channels to the end consumers by generating demand at the wholesale or retail level. This type of strategy is often used by manufacturers to encourage intermediaries, such as distributors and retailers, to stock and promote their products. Push strategies typically involve promotional activities such as sales promotions, advertising, and personal selling, all aimed at creating demand for the product among intermediaries and ultimately, end consumers.
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According to universalism is a principle, an action is morally right if the net benefits over costs are greatest for all affected compared with the net benefits of all other possible choices. True False
The statement is false. According to the universalism principle, an action is morally right if the net benefits over costs are greatest for all affected compared with the net benefits of all other possible choices.
What is universalism in ethics?
Many ethical traditions and modern political life, particularly in appeals to universal human rights, have long held the idea that moral standards or principles are universal. Nevertheless, it is still debatable. Controversy has many different antecedents. The view that ethical judgment should be based on general principles rather than specific circumstances is referred to as universalism in ethics. Other definitions of universalism in ethics include statements concerning the nature, extent, or content of ethical principles. A single underlying universal principle, from which all other ethical principles and judgments emanate, may also be discovered, according to a variety of arguments. By identifying various concepts of ethical universalism, these differences can be understood and perhaps even partially settled.
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an employee's high level of friendliness can lead a supervisor to judge the employee as a more highly reliable worker than is actually the case. this is said to illustrate
An employee's high level of friendliness can lead a supervisor to judge the employee as a more highly reliable worker than is actually the case. this is said to illustrate ''trait method''.
The trait method is the method in which the manager can look at the employee's trait in relation to their job. In the trait method, the behavioral method of the individual which perform their job in the company or organization. This is the method to compare one employee to other employees.
The trait method can be grouped into the cardinal traits, central traits, and the secondary traits. For the entrepreneur the traits will be vision, passion, adaptability and the resilience.
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wu systems has the following balance sheet. how much net operating working capital does the firm have? cash$ 100 accounts payable$ 200 accounts receivable650 accruals255 inventory550 notes payable445 current assets$ 1,300 current liabilities$ 900 net fixed assets$ 1,000 long-term debt600 common equity300 retained earnings500 total assets$ 2,300 total liab.
So, Wu Systems has $400 in Net Operating Working Capital.
Net Operating Working Capital (NOWC) is calculated as the difference between current assets and current liabilities.
Current Assets = $1,300
Current Liabilities = $900
NOWC = Current Assets - Current Liabilities
= $1,300 - $900
= $400
Operating working capital (OWC) is a term that refers to a company's current assets and quantifies the sum of investment required to support various operating cycle or day-to-day operations components. Buying and selling products, paying suppliers, and collecting money from clients are all part of this operation.
Any asset that may be reasonably expected to be sold, consumed, or expended via regular company activities during the current fiscal year, operational cycle, or financial year is considered a current asset.
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connie thinks that her salary and tax rate for next year will be lower than for this year. what step should she take to minimize her taxes in the current year?
Connie might want to think about deferring some of her income into the following year if she thinks her pay and tax rate would be lower in that year.
This can be accomplished by delaying the payment of a bonus, requesting payment of a portion of her salary in the next year, or delaying the sale of investments that would generate capital gains until the following year.
By spreading the income over two tax years, deferring revenue into a year when she anticipates being in a lower tax bracket can lessen her overall tax bill. To decide the best course of action and make sure she completely understands the financial repercussions of her choices, she may think about speaking with a tax expert.
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identified weaknesses of high expense, conflict between the team and the organization, and difficult post-project transitions are typical of
Identified weaknesses of high expense, conflict between the team and the organization, and difficult post-project transitions are typical of project-based organizations or project management approaches.
As the discipline of project management spreads inside sectors that were previously less project-oriented, such as health care, publishing, and professional services, the global economy has grown more project-oriented, according to PMI. Project managers are increasingly relying on tried-and-true approaches to keep them organised and increase workflow efficiency as they handle more complex projects with more moving parts. Agile project management is a team-based approach that consists of brief development cycles, or "sprints," that take input into account as the project moves forward in an effort to embrace flexibility and continuous improvement. A project management methodology is a collection of rules and procedures that may help teams and organisations organise their projects for maximum performance. However, for a project management methodology to be really effective, it must be properly mapped out.
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human capital refers to: a society's investment in capital goods. b output per worker. c the education and knowledge embodied in the workforce. d management information systems. e people working with capital goods.
The correct option is C. Human capital refers back to the schooling and information embodied inside the personnel.
Human capital is a concept utilized by social scientists to designate non-public attributes taken into consideration as beneficial inside the production manner. It encompasses worker information, competencies, know-how, good health, and training. Human capital has a great impact on man or woman's earnings. Research suggests that human capital investments have excessive economic returns for the duration of youth and young adulthood.
Organizations can put money into human capital, for example, thru education and education, allowing progressed stages of satisfaction and manufacturing. because of his conceptualization and modeling of paintings using Human Capital as a key element, the 2018 Nobel Prize for Economics become together offered to Paul Romer, who founded the modern innovation-pushed technique to expertise financial boom.
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the set up or flow for your dining area is critical. what is the best way to achieve maximum service ability with the least amount of confusion?
The set up or flow for your dining area is critical. Determine the best way to navigate tables and remove some if necessary.
The use of technology is rising in all industries, and in this digital age, with so many new eateries appearing, the restaurant industry is becoming increasingly competitive. Automating restaurant activities improves efficiency, which improves your restaurant's service.
If your restaurant has limited seating, it will be more profitable if guests can reserve tables in advance online. Restaurants' customer base can be expanded if the procedure of online table reservations is digitalized.
Restaurants may now view all guest information using a single interface thanks to reservation management. Restaurants can provide accurate wait times for both walk-in guests and those who have made prior reservations.
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one major reason for improving product safety is the consumer's demand for safe products. group of answer choices true false
True, The consumer demand for safe products is a key driver of product safety improvement.
Why is it important for customers to feel secure using products?Unsafe products have the potential to cause serious, often deadly harm. There may be a risk of choking, strangulation, amputation, bone fracture, and other injuries. So, by guaranteeing the safety of every product, manufacturers must take action to protect consumers.
Another significant component in boosting product safety is consumers' desire for safe products. Simply said, customers will cease buying a product if they believe it to be unsafe or unreliable. Before making a purchase, customers must have access to thorough product information in order to exercise their right to information.
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Cost of raw materials is debited to raw materials inventory when the: __________
Cost of raw materials is debited to raw materials inventory when the raw materials are received and recorded in the company's accounting records.
Raw materials themselves are raw materials that are not ready for use or consumption, so they need to go through a processing process to become finished goods. So, raw materials are commodities that are traded on stock exchanges around the world, because many companies need them. Raw materials are an important aspect of production factors, especially in companies engaged in the manufacturing industry. Due to its very important role in the productivity of the Company, raw materials are input goods whose supply must be fulfilled according to the needs of the company. If it is not fulfilled properly, the manufacturing company will find it difficult to produce products and meet market demand.
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a marketing campaign wants to target people based on their race, marital status, and religion. which type of targeting will they use?
This type of targeting would be considered discriminatory and is not allowed by the majority of advertising platforms.
What is the platforms?Platforms are tools used to support the construction of these buildings, such as building information models, digital fabrication, and augmented reality. Platforms are typically used to create a virtual representation of a physical structure, allowing for efficient design, faster construction, and improved decision-making. Building Information Models (BIM) are a type of platform that provides detailed information about a building or structure. Digital fabrication is another platform used to create precise and automated construction processes.
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Any purchased materials that will go into the finished product are first recorded in the (1) (2) inventory account. (Enter only one word per blank.)1. raw2. materials
Any purchased materials that will go into the finished product are first recorded in the raw material inventory account.
What is the raw material inventory account?Yes, that's correct. Any purchased materials that will be used in the finished product are recorded in the raw materials inventory account.
Raw materials inventory account is a type of account used in accounting to track the value of raw materials that a company has on hand and intends to use in the production of finished goods.
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harry is a businessperson who works for a successful and admired fortune 500 company. about how often is harry likely to encounter ethical issues in the workplace? group of answer choices once or twice during her career about two to three times per year
Correct reply is On a each day basis. The definition of each day foundation refers to the normal or each day prevalence of an match or action, some thing that happens each day or is accomplished each day.
Daily basis is the quantity of activity, study, care, physical activity, and/or imperative activities that appear every day.
Is it correct to say on a every day basis?The common phrases on a each day basis and on a ordinary foundation are wordy for each day and regularly. The equal applies to similar constructions such as on an hourly basis, on a yearly basis, and so on.
Is it on a daily or on a day by day basis?
“On a daily basis” is idiomatically correct. In English, “on” a day ability that some thing will take place for the duration of a unique day (“on Friday” or “on subsequent Monday”), and “on a daily basis” reflects this as it refers to the proper days themselves.
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brainly.com/question/7416702#SPJ4below are amounts (in millions) from three companies' annual reports. beginning accounts receivableending accounts receivablenet sales walco$1,815$2,762$322,427 tarmart6,1666,69467,878 costget62966568,963 required: 1. calculate the receivables turnover ratio and the average collection period for walco, tarmart and costget. 2. which company appears most efficient in collecting cash from sales?
To calculate the receivables turnover ratio and the average collection period for Walco, Tarmart, and Costget, we can use the following formulas:
Receivables turnover ratio = Net sales / Average accounts receivable
Average collection period = 365 days / Receivables turnover ratio
We can calculate the average accounts receivable for each company by taking the average of the beginning and ending accounts receivable.
For Walco:
Average accounts receivable = (Beginning accounts receivable + Ending accounts receivable) / 2 = (1815 + 2762) / 2 = 2288.5
Receivables turnover ratio = 322427 / 2288.5 = 140.80
Average collection period = 365 / 140.80 = 2.59 days
For Tarmart:
Average accounts receivable = (6166 + 6694) / 2 = 6429
Receivables turnover ratio = 67878 / 6429 = 10.56
Average collection period = 365 / 10.56 = 34.54 days
For Costget:
Average accounts receivable = (629 + 665) / 2 = 647
Receivables turnover ratio = 68963 / 647 = 106.66
Average collection period = 365 / 106.66 = 3.42 days
Based on these calculations, Walco appears to be the most efficient in collecting cash from sales, with an average collection period of only 2.59 days. Tarmart and Costget have longer average collection periods of 34.54 days and 3.42 days, respectively.
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a coffee shop blends 2 kinds of coffee, putting in 2 parts of a $0.33 pound grade to 1 part of a $0.24 grade. if the mixture is changed to 1 part of the $0.33 grade to 2 parts of the less expensive grade, how much will the shop save in blending 100 pounds?
By substituting 2 parts of a $0.33 pound grade for 1 part of a $0.24 grade, the shop will save $0.03 per pound, or $3.00 for 100 pounds.
UK: Is it a pound?The United Kingdom, South Georgia, the South Sandwich Islands, British Antarctic Territory, the Isle of Man, and the Channel Islands all use the British pound sterling, abbreviated as GBP., which are Crown Dependencies of the United Kingdom.
Why is the euro not used in England?The UK government was worried that adopting the euro at the wrong rate would harm British manufacturing, while those currently using the single currency were worried that a rate that was too favorable for the accession of sterling would give the country's robust economy an additional competitive advantage.
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What Is the Cost Principle and Why Is It Important?
Answer: The cost principle means items need to be recorded as the actual price paid. It is the same way when a buyer buys products, and the recording is done based on the price paid. In short, the cost principle is equal to the amount paid for each transaction.
approximately how long will it take for $250 to grow to $1,000 at an annual rate of 8%?
a. 4 years
b. 25 yearsrs.
c. 18 years.
d. 9 years.
The time that it would take would be 18 years
How to solve for the time that it would takeTo calculate the time it takes for an investment to grow from $250 to $1,000 at an 8% annual rate, we can use the formula for compound interest:
A = P * (1 + r)^t
where A is the final amount, P is the initial amount, r is the annual interest rate as a decimal, and t is the number of years.
Plugging in the numbers, we get:
1000 = 250 * (1 + 0.08)^t
Dividing both sides by 250, we get:
4 = (1 + 0.08)^t
Taking the natural logarithm of both sides:
ln 4 = t * ln (1 + 0.08)
Dividing both sides by ln (1 + 0.08):
t = ln 4 / ln (1 + 0.08)
Approximating this expression using a calculator, we find that t = 18 years.
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which represents the best time to start saving for your retirement?
No matter how much you save, Jack Van Derhei, research director of the Employee Benefits Research Institute, says that starting early will put you in a better position than waiting until your mid-30s or 40s.
Why is it best to start your retirement savings early?Your retirement funds will have considerably more time and opportunity to develop if you invest more and begin earlier. You might be able to benefit from compound earnings by making an early investment and sticking with it.
Is it advisable to start saving for retirement sooner or wait?The main advantage of investing before retirement is probably compound interest. Even though there is no fixed, guaranteed rate of return, earlier retirement savings are better.
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in 2021, the bowwow company purchased 14,580 units from its supplier at a cost of $12.00 per unit. bowwow sold 10,080 units of its product in 2021 at a price of $20.00 per unit. bowwow began 2021 with $991,910 in inventory (inventory is carried at a cost of $12.00 per unit). using this information, compute bowwow's gross profit for 2021.
Bowwow Company's gross profit for the year 2021 is $25,640, which represents the company's earnings before deducting operating expenses such as taxes, salaries, and rent.
Gross profit, also known as gross margin, is a financial metric that measures the amount of profit a company generates after deducting the cost of goods sold (COGS) from its total revenue. Gross profit is calculated as follows: Gross Profit = Revenue - COGS.
Bowwow Company's gross profit for the year 2021 can be calculated by subtracting the cost of goods sold (COGS) from its total revenue. COGS represents the cost incurred by the company to acquire the inventory it sold in a given period. In this case, Bowwow Company purchased 14,580 units from its supplier at a cost of $12.00 per unit, resulting in a total COGS of 14,580 units * $12.00/unit = $175,960. On the other hand, the company's revenue is determined by the total sales of its products. Bowwow Company sold 10,080 units in 2021 at a price of $20.00 per unit, resulting in a total revenue of 10,080 units * $20.00/unit = $201,600. Finally, the gross profit can be calculated as $201,600 - $175,960 = $25,640, which represents the company's earnings before deducting operating expenses such as taxes, salaries, and rent.
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use the following account numbers and corresponding account titles to answer the following question. account number account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales revenue which accounts would be reported on the balance sheet?
(1) Cash, (2) Merchandise Inventory, and (6) Common Stock accounts would be reported on the balance sheet.
What Is Shown on the Balance Sheet?Data on a company's assets and liabilities can be found on the balance sheet. Depending on the business, this may consist of both short-term assets like cash and accounts receivable and long-term assets like property, plant, and equipment (PP&E).The assets, liabilities, and shareholder equity of an organisation are listed on a balance sheet, which is a financial statement. One of the three essential financial statements used to assess an organisation is the balance sheet. It gives a quick overview of a company's financial position (including its assets and liabilities) as of the publication date.To learn more about balance sheet refer to:
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Paul is adding mulch along the edge of his driveway. he orders 7 bags of mulch for $392. how much would it cost if paul orders 9 bags instead?
Explanation:
Let x be the cost per bag of mulch. We can find x by dividing the total cost of 7 bags by 7:
x = 392 / 7 = 56 dollars per bag
So, if Paul orders 9 bags instead, the total cost would be 9 * 56 = 504 dollars.
It would cost paul $504 dollars for 9 bags of mulch. As it cost him $392 for 7 bags of mulch.
Given: 7 bags=$392 dollars
Let's first calculate for each bag = 392÷7=56
i.e for each bag it cost him about $56 dollars.
Let's calculate for 9 bags= price of each bag×no.of bags
i.e =56×9
=504.
thus, it cost him about $504 dollars for 9 bags.
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sammy's shovels had sales of $120,490 in 2021. the cost of goods sold was $31,030, operating expenses (excluding depreciation) were $17,170, interest expenses were $2,700, depreciation expense was $8,260, and dividends paid were $3,360. the firm's tax rate is 28 percent. what did sammy's shovels report as net income (or, net profit) in 2021?
We must deduct all expenditures from sales to determine net income. Net income is calculated as sales less cost of goods sold, operating costs, interest costs, depreciation costs, and taxes.Calculating the
A company's or a person's net income is the entire amount of money earned after subtracting all costs, taxes, and other charges from their gross income. It is also referred to as the bottom line, net profit, and net earnings. Net income is a crucial financial indicator since it shows the true profitability of a company or an individual and aids in financial decision-making. It serves as a baseline for comparison with other businesses in the same sector as well as a way to assess a company's success or failure. The amount of the dividend paid to shareholders and the bonus given to workers are both influenced by the net income.
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what will happen to the equilibrium price and quantity of fish if fish oils are found to help prevent heart disease?
The equilibrium price and the quantity of the demanded fish will increase.
What is equilibrium price?Market supply and demand must balance one another to reach equilibrium, which leads to the stable pricing. In general, when there is an abundance of products or services, prices decline, which increases demand, but when there is scarcity, prices rise, which decreases the demand. It can be claimed that the forces of supply and demand are comparatively equal and the market is in an equilibrium when a major index goes through a period of consolidation or sideways momentum. Researchers have discovered that prices typically oscillate near the equilibrium levels. Market forces will encourage sellers to enter market and produce more if the price increases too much. Over time, these actions maintain equilibrium level's relative equilibrium.
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