Economics Answers

From the following data of ABC Enterprises, prepare statement of cash flows and balance sheet and income statement through cash basis of accounting and accrual basis of accounting and discuss the result - Invested $ 700 Equity - Purchased plain T-Shirts for $ 5 each - Fixed Screen cost $ 100 - Variable Print cost $ 0.75 per T-Shirt - Sold 25 T-Shirts at $ 10 each on cash - Sold 25 T-Shirts at $ 10 each on credit

From the following data of ABC Enterprises, prepare statement of cash flows and balance sheet and income statement through cash basis of accounting and accrual basis of accounting and discuss the result - Invested $ 700 Equity - Purchased plain T-Shirts for $ 5 each - Fixed Screen cost $ 100 - Variable Print cost $ 0.75 per T-Shirt - Sold 25 T-Shirts at $ 10 each on cash - Sold 25 T-Shirts at $ 10 each on credit

From the following data of ABC Enterprises, prepare statement of cash flows and balance sheet and income statement through cash basis of accounting and accrual basis of accounting and discuss the result

- Invested $ 700 Equity
- Purchased plain T-Shirts for $ 5 each
- Fixed Screen cost $ 100
- Variable Print cost $ 0.75 per T-Shirt
- Sold 25 T-Shirts at $ 10 each on cash
- Sold 25 T-Shirts at $ 10 each on credit

The point price elasticity of demand for red herring is -4. The demand curve for red herring is Q = 120-P.
What is the price of red herring?

Price of Bananas Quantity Demanded of Bananas
$1 15
$2 6
$3 4
When the price is $3, a 10% decrease in the price of bananas will increase the quantity demand of bananas by____________.

Price of Bananas Quantity Demanded of Bananas
$1 15
$2 6
$3 4
When the price is $3, a 10% decrease in the price of bananas will increase the quantity demand of bananas by____________.

A consumer splits their income equally between two goods. If the price of one good
increases by 10% and their income increases by 5%, show that the consumer’s optimal
consumption bundle will change despite them being able to afford their original bundle.

Assume exports increase by $500 million and imports decrease by $300 million and that the MPC is .75. What's the effect on real GDP?

Answer Choices:
a. $3.2 billion increase
b. $800 million increase
c. $200 million decrease
d. $4 billion increase

would like to know the solow model during Spain's 2007-08 crisis?

An agent’s utility function is written as U = X2 Y, and his budget
Constraint is X + 2Y = 100. What are the optimal amounts of X and Y