The probability that between two and five customers arrive during a specific minute is 0.624 or 62.4% (rounded to one decimal place).
To calculate the probability that during a specific minute no customers arrive, we can use the Poisson distribution formula:
P(X = 0) = (e^(-λ) * λ^0) / 0!
Where λ is the average number of customers arriving per minute.
In this case, the average number of customers arriving per minute is 7. Therefore, λ = 7.
P(X = 0) = (e^(-7) * 7^0) / 0!
= (e^(-7) * 1) / 1
= e^(-7)
Using a calculator, we find that e^(-7) is approximately 0.000911.
So, the probability that during a specific minute no customers arrive is 0.000911 or 0.1% (rounded to one decimal place).
To calculate the probability that between two and five customers arrive during a specific minute, we can calculate the individual probabilities for each value and sum them up.
P(2 ≤ X ≤ 5) = P(X = 2) + P(X = 3) + P(X = 4) + P(X = 5)
Using the same formula, but substituting the values of λ with 7, we can calculate each individual probability.
P(X = 2) = (e^(-7) * 7^2) / 2!
P(X = 3) = (e^(-7) * 7^3) / 3!
P(X = 4) = (e^(-7) * 7^4) / 4!
P(X = 5) = (e^(-7) * 7^5) / 5!
Using a calculator, we can compute each of these probabilities and then sum them up to find the total probability.
P(2 ≤ X ≤ 5) = (e^(-7) * 7^2) / 2! + (e^(-7) * 7^3) / 3! + (e^(-7) * 7^4) / 4! + (e^(-7) * 7^5) / 5!
After performing the calculations, we find that the probability is approximately 0.624 or 62.4% (rounded to one decimal place).
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QUESTION 9/10
The opportunity cost of earning an advanced college degree is that
A. You will earn more income during your career.
C. There may be a low supply of jobs in your professional field.
6. Some fields require a professional degree before you can
begin working
D. You will earn less money during the years that you are in
college.
Answer:
The opportunity cost of earning an advanced college degree is that You will earn more income during your career and some fields require a professional degree before you can begin working.
Explanation:
Opportunity costs represent the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another. Opportunity cost is the forgone benefit that would have been derived from an option not chosen.
In this case, it would be the benefit of earning an advanced college degree. It is something that may not be achievable yet aspirational to many, due to financial costs, personal situations, accessibility, etc., The cost of forgoing this opportunity would be either the ability to earn more income during your career or not having the opportunity to work in a desired field or advance significantly in a field due to lack of education.
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Suppose 2-year Treasury bonds yield 3.3%, while 1-year bonds yield 2.7%. r* is 1%, and the maturity risk premium is zero. Using the expectations theory, what is the yield on a 1-year bond, 1 year from now? Calculate the yield using a geometric average. Do not round intermediate calculations. Round your answer to two decimal places. % What is the expected inflation rate in Year 1? Year 2? Do not round intermediate calculations. Round your answers to two decimal places. Expected inflation rate in Year 1: % Expected inflation rate in Year 2: %
Answer:
3.90%
1.7%
2.9%
Explanation:
Give the following :
Yield on 2 years Treasury bond (Y2) = 3.3% = 0.033
Yield on 1 years Treasury bond (Y1) = 2.7% = 0.027
r* = risk free rate = 1%
Yield on 1 year bond, 1 year from now :
Compounded yield on yield 1 at 2.7% + Interest on return = compounded yield on 2 years bond :
(1 + 0.027) = yield on year 1
(1 + y) = yield one year from now
(1 + 0.027)¹ + (1 + y)¹ = (1 + 0.033)²
1 + y = (1 + 0.033)² / (1 + 0.027)¹
1 + y = 1.067089 / 1.027
1 + y = 1.0390350
y = 1.0390350 - 1
y = 0.03903
Yield = 0.039 * 100% = 3.90%
Inflation premium = yield rate - Risk free rate - maturity risk premium
Maturity risk premium = 0%
Hence,
For year 1
Inflation premium = 2.7% - 1% - 0% = 1.7%
For year 2:
Inflation premium = 3.9% - 1% - 0% = 2.9%
which one of the following activities is not shown in the vendor section of the home page? A. Write Checks
B. Pay Sales Taxes
C. Pay Bills
D. Purchase Orders
The activity that is not shown in the vendor section of the home page is "Write Checks."
The vendor section is an important part of the accounts payable process and helps businesses manage their relationships with suppliers more efficiently. By keeping accurate and up-to-date information in the vendor section, businesses can ensure that they pay their bills on time, avoid late fees and penalties, and maintain good relationships with their suppliers.
In QuickBooks or other accounting software, the vendor section of the home page typically includes options for managing vendor-related activities, such as paying bills, creating purchase orders, and managing vendor credits. However, writing checks is not a vendor-related activity, as it is typically used to pay for expenses that are not associated with vendors, such as rent, utilities, or employee salaries. Instead, writing checks is typically managed through a separate section of the software, such as the banking or expenses section.
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The manufacturing shop is producing custom photo imprinted mouse pads for clients. The startup equipment cost $400. A mouse pad has a production cost of $3. The retail sale is $12.
1). Write a cost function
2). Write a revenue function
3). Give the break-even point
Please help me answer all 3 questions, thanks!
Answer:
\(c(x) =400 + 3x\)
\(r(x) = 12x\)
\(x = 44.44\)
Explanation:
Given
Cost
\(Equipment = 400\)
\(Production = 3\) per mouse pad
Revenue
\(Sales\ Price = 12\)
Solving (a): The cost function
Let the number of mouse pad be x and the cost function be c(x).
\(c(x) =Equipment + Production * x\)
\(c(x) =400 + 3 * x\)
\(c(x) =400 + 3x\)
Solving (b): The revenue function
Represent this with r(x)
\(r(x)= Sales\ Price * x\)
\(r(x)= 12 * x\)
\(r(x)= 12 x\)
Solving (c): The break-even point
This is the point where r(x) = c(x)
So, we have:
\(12x = 400 + 3x\)
Collect Like Terms
\(-3x+12x = 400\)
\(9x = 400\)
Solve for x
\(x = \frac{400}{9}\)
\(x = 44.44\)
the hawley-smoot tariff act of 1930 led to other nations increasing their tariffs on u.s. goods. these higher foreign tariffs, by themselves, caused the short-run u.s. unemployment to question 2 options: decrease. not change. increase. change uncertainly.
The higher foreign tariffs caused by the Hawley-Smoot Tariff Act of 1930 had a negative impact on the short-run U.S. unemployment rate, leading to an increase in unemployment.
This is because the higher tariffs made it more difficult for U.S. companies to export their goods to other countries, which in turn led to a decrease in demand for U.S. products and a decrease in production levels. As a result, U.S. companies were forced to lay off workers, which caused the unemployment rate to increase.
However, it is important to note that the long-term effects of the Hawley-Smoot Tariff Act are still debated among economists, and it is uncertain whether or not the act was ultimately beneficial or harmful to the U.S. economy.
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________ occurs when one physical device, such as a smartphone, provides the functions that previously required many physical devices, such as gps navigators, flashlights, medical devices, credit cards, texting, and cellular phones.
Dematerialization occurs when one physical device, such as a smartphone, provides the functions that previously required many physical devices, such as GPS navigators, flashlights, medical devices, credit cards, texting, and cellular phones.
What is Dematerialization?
Dematerialization is the process by which customers can convert physical certificates into electronic balances.
Investors wishing to digitize their securities must open an account with the DP. The customer must pass the certificate registered in his/her own name to the DP in an unrecognizable way.
After electronic notification to NSDL, the DP will send the security to the relevant Issuer/R&T Agent. NSDL then notifies the Issuer/R&T Agent electronically of the digitization request using the NSDL storage system.
If the Issuer/R&T Agent finds the certificate in order, it will register NSDL as the holder of the security (the investor will be the beneficiary) and electronically send confirmation of the application to NSDL.
Upon receipt of such confirmation, NSDL will credit securities in the investor's custody account to her DP.
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Who do you think mergers help the most, consumers or the businesses that merge?
Mergers may improve product quality, which benefits consumers. For example, the merger of two start-up software companies could result in better quality products and faster time-to-market as the merged entity takes advantage of the research capabilities and facilities of their legacy companies.
All employers in the U.S. Pay "payroll taxes" on behalf of employees. The Medicare portion of this is 1.45% of pay. If an employee makes $480 in a week, how much does the employer contribute for Medicare?
Answer: $6.96
Explanation:
Weekly earning = $480
Medicare tax rate = 1.45%
1.45% = (1.45/100) = 0.0145
Medicare contribution = Medicare tax rate × weekly earning
Medicare contribution = 0.0145 × $480 Medicare contribution = $6.96
The employees weekly contribution that is apportioned for Medicare is $6.96
Answer:
$7.10 USD
Explanation:
If the Employer is paying 1.48% of the employees paycheck to Medicare on their behalf then in order to calculate the actual amount we must first change the percentage into a decimal by dividing it by 100.
1.48 / 100 = 0.0148
Now that we have the percentage as a decimal we multiply it by the amount that the employee made that week, which in this case is $480
480 * 0.0148 = 7.104
Therefore we can see that $7.10 USD goes to medicate this week.
Question 2 of 25
Compared to CDs, basic savings accounts are
interest rates.
liquid and have
A. less; higher
B. less; lower
C. more, lower
D. more; higher
Answer:
C:
Explanation:
CD's are less liquid and tie up your $$ for a certain period of time, however, extend to you a higher interest rate.
Answer: A: Less and higher
Explanation:
The publisher of Celebrity Living claims that the mean sales for personality magazines that feature people such as Megan Fox or Jennifer Lawrence are 1.5 million copies per week. A sample of 10 comparable titles shows a mean weekly sales last week of 1.3 million copies with a standard deviation of 0.9 million copies.
Answer and Explanation:
The computation is shown below:
For determining each part first we have to do the following calculations
Critical value of t = 3.250
Null hypothesis = 1.5
Alternative hypothesis ≠ 1.5
Population mean \(\mu\) = 1.5
Sample mean \(\bar X\)= 1.30
Sample size \(n\) = 10.00
Sample standard deviation \(s\) = 0.900
Standard error of mean is
\(s_x = \frac{s}{\sqrt{n} }\)
\(= \frac{0.900}{\sqrt{10.00}}\)
= 0.2846
Test static is
\(t = \frac{x - \mu}{s_x}\)
\(= \frac{1.30 - 1.5}{0.2846}\)
= -0.703
a. The null hypothesis is
μ = 1.5
Alternate Hypothesis is
μ ≠ 1.5
b. reject \(H_o\) if t is not between
-3.250 and 3.250
c. The value of the test statistic is
t = -0.703
(as we have computed above)
d. fail to reject \(H_o\) as this data does not contradict the publisher claim
An and Bo are partnership together. They buy and renovate properties which they then rent out or sell to other people.
The business has been going for six years and is profitable. They want to expand the business to offer a maintenance And repairs service to both the private sector and public sector.
However, the partners do not have the capital needed for this expansion.
Bo’s sister, Jiao, has said that she is prepared to invest in the business in return for a share in the profits.
An and Bo are also considering changing the legal structure to a private limited company.
a. Identify two features of public sector organizations.
b. Identify two advantages and two disadvantages to An and Bo of being a partnership.
c. Explain two benefits to An and Bo of expanding their businesses.
d. Do you think the partners should become a private limited company? Justify your answer.
Together, An and Bo form a partnership. They invest in real estate and then refurbish it before renting or selling it to others. Following is the required information.
Give a brief account on partnership.a. Two features of public sector organizations.
Government funding: The public authority provides funding for public projects. They either belong to the public authority, which has claimed them, or the public authority owns a bigger portion of them. In some attempts, private ventures are also permitted, but the public authority, in a sense, performs the dominant role.Government Management: The public authority is in charge of regulating public enterprises. The government has occasionally started businesses in its own areas of expertise. In many situations, the government selects someone to handle the endeavors. In fact, the public authority divisions directly and implicitly bind even independent bodies.b. Two advantages of being in a partnership :
Bridging the Knowledge and Expertise Gap: By collaborating with someone, you may have access to a greater breadth of knowledge and expertise for many aspects of your organization. A solid partner might also contribute expertise and experience that you might be lacking, as well as complementing abilities that will aid in business expansion.More Money: A potential partner may inject additional funds into the company. The other individual might be more connected strategically than you are. This could assist your business in luring in new investors and raising further funds to expand. The correct company partner could also improve your capacity to obtain financing for business expansion.Two disadvantages of being in a partnership :
Liabilities: A partnership involves shared business losses and responsibilities for all business related debts, even if they incurred by the other partner. These obligations are in addition to sharing revenues and assets. Your assets and personal money may suffer as a result. In essence, you might be held accountable for choices your partner takes regarding the company. This may be one of the most important things to take into account while weighing the benefits and drawbacks of a partnership.Loss of Autonomy: Although you probably like having complete control over your company, under a partnership, you would now share that control with a partner and make crucial choices together.c. Two benefits to An and Bo of expanding their businesses :
capable of increasing sales and profitability.can access new markets or customers.d. The partners shouldn't form a private limited business since partnerships have more benefits than private limited companies, including easier establishment and reduced costs.
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Why does the US import oil?
A.because it has exported too much oil
B.because it does not produce any oil
C.because it does not produce enough oil
D.because it has exported too little oil
Answer:
C. because it does not produce enough oil.
Explanation:
Although, the United States is one of the leading producers of oil, yet still import oil because it does not produce enough oil to meet the demand of its citizens. In other words, the United States consumes more than what she can produce.
Another reason is that most refineries in the United State are created basically for heavy crude whereas most of what she produce are light crude oil. The United States import the oil she is able to process while she export to other countries to complete the setup process.
The remedy to the above situation is when new refineries are built which are somewhat expensive or the existing refineries are upgraded to meet with the demand.
Answer:
D. Because it does not produce enough oil.
edg 2020.
what is the cause of the 1920 Wall Street economic stock crisis
Answer: The primary cause of the 1920 Wall Street economic stock crisis, also known as the Depression of 1920–21
Explanation:
The primary cause of the 1920 Wall Street economic stock crisis, also known as the Depression of 1920–21, was a combination of factors. The main catalyst was a post-World War I economic downturn, triggered by the abrupt end of wartime production and government spending. Additionally, there was an overextension of credit, excess speculation in the stock market, and a decline in agricultural prices. The Federal Reserve's monetary policy also played a role. In response to inflation concerns from the war, the Federal Reserve raised interest rates, which contributed to a contraction of credit and a subsequent drop in investment and consumer spending. Furthermore, the rapid demobilization of the military and reduced government demand resulted in a sharp decline in industrial production and high unemployment rates. These economic pressures led to a stock market crash and a subsequent recession, impacting businesses, investors, and the general population. It's worth noting that the 1920 crisis was distinct from the more severe Great Depression of 1929. The economy rebounded relatively quickly from the 1920 crisis due to market-driven corrections and minimal government intervention, illustrating the differences in response and outcomes compared to the later economic downturn.
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_____ encompasses loyalty and a deep concern for an organization's welfare.
Affective commitment encompasses loyalty and a deep concern for an organization's welfare.
Affective commitment refers to a psychological attachment and emotional connection an individual develops towards an organization. It goes beyond mere job satisfaction and encompasses loyalty and a deep concern for the organization's welfare. Employees with high affective commitment feel a strong sense of belonging and identification with the organization's values, goals, and mission.
They are genuinely dedicated and willing to invest their time, effort, and energy to contribute to the organization's success. Affective commitment is driven by positive emotions, trust, and a belief in the organization's purpose, fostering long-term engagement, dedication, and a desire to support the organization through thick and thin.
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Tayco Corporation has just paid dividends of $3 per share. The earnings per share for the company was $4. If you believe that the appropriate discount rate is 15 percent and the long-term growth rate in dividends is 6 percent, and earnings is 6 percent, then the firm's P/E ratio is
Answer:
the price earning ratio is 8.33
Explanation:
The computation of the price earning ratio is shown below:
P/E Ratio is
= share price ÷ Earning Per share
where,
The price of a share is
= 3 × 106
= $3.18
And, the earning per share is
= $4 × (1.06) ÷ (0.15 - 1.06)
So, the price earning ratio is
= (3 × (1.06) ÷ 4(1.06)÷ (0.15 -0.06))
= 8.33
Hence, the price earning ratio is 8.33
when few property and equipment transactions occur during the year, the continuing auditor usually obtains an understanding of the related internal controls and performs a thorough examination of the balances at the beginning of the year. tests of controls. extensive tests of current year property and equipment transactions. analytical procedures to verify current year additions to property and equipment
It is common practice for auditors to obtain an understanding of internal controls related to property and equipment transactions and perform thorough examinations of beginning balances, even when only a few transactions occur during the year.
This approach helps to ensure that the financial statements are accurate and complete.
To accomplish this, the auditor will typically perform the following procedures:
1- Obtain an understanding of the internal controls related to property and equipment transactions, including the process for identifying and recording additions, disposals, and transfers.
2- Perform tests of controls to assess the effectiveness of the internal controls related to property and equipment transactions.
3- Perform a thorough examination of the beginning balances for property and equipment to ensure that they are accurately recorded and properly classified.
4- Conduct extensive tests of current year property and equipment transactions to ensure that they are properly authorized, recorded, and classified.
5- Use analytical procedures to verify current year additions to property and equipment, such as comparing the total cost of additions to the budget for capital expenditures.
By performing these procedures, the auditor can gain a reasonable assurance that the financial statements accurately reflect the company's property and equipment balances and transactions.
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If an application asks you to indicate a salary range, you should _____.
write the lowest salary you would agree to
write your dream salary
leave it blank
write "open" or "negotiable"
Answer:
D
Explanation:
Answer:
Write open or negotiable.
Explanation:
Six mutually exclusive alternatives, A-F, are being examined. For an 8% interest rate, which alternative should be selected? What is the highest present worth? Each alternative has a 6-year useful life.
Alternative Initial Cost Uniform Annual Benefit
A 20,000 6,000
B 35,000 9,250
C 55,000 13,380
D 60,000 13,780
E 80,000 24,320
F 100,000 24,320
Please show full work for this Q
The best alternative to select is Alternative A, which has the highest present worth of -$6,538.71. However, all alternatives have negative present worths, indicating that none of them are economically viable at an 8% interest rate.
The calculation of the present worth (PW) for each alternative reveals that all options have negative present worths, meaning that the benefits they generate are not sufficient to outweigh their costs at an 8% interest rate over a 6-year period. Despite Alternative A having the highest (least negative) present worth, it still results in a negative value of -$6,538.71. This implies that none of the alternatives should be selected as they would not provide a positive return on investment or meet the desired financial criteria.
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in a previous meta analysis, basking and enright claimed process-based intervention models were more effective than decision based models. what was the confounding variable that makes it difficult to draw this conclusion?
Basking and Enright asserted process-based intervention models were more successful than decision-based models in a previous meta-analysis.
What are confounding factors, and how do they affect the findings of research?In an experiment, a variable that is not controlled for is referred to as a confounding variable. It functions as an outside force that can quickly alter the impact of both dependent and independent study variables, frequently creating outcomes that are very different from reality.
How much can confounding influence a study's findings?Confounding variables can hide a true association or, more frequently, erroneously show an apparent association between the treatment and outcome when there isn't actually one.
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The United Nations (UN) has many goals. Which statement below is one of its goals?
Question 2 options:
to provide tax cuts to the ultra wealthy throughout the world
to promote anti-vaccination campaigns
to end extreme poverty
to stay out of assisting in national elections, leaving the issue of voting to each individual nation or country
Answer:
to promote anti- vaccination campaigns
a firm acquired an assset on 1st Apri, 1990 at a cost of Le 30,000. The useful life of the asset is expected to be 10 years. The estimated scrap value of the asset at the end of the year is Le 2,000. Show the provision for depreciation account for the first 3 years in the life of the asset using the Straight line method
Answer:
First year : Le 2100
Second year : Le 2800
Third year : Le 2800
Explanation:
Given the following :
Cost of equipment = 30,000
Useful years = 10
Salvage or scrap value = 2,000
depreciation account for the first 3 years in the life of the asset using the Straight line method :
Straight line Depreciation :
(Cost - salvage value) / useful years
First year: (April - December 1990)
April - December 1990 = 9 months
(30,000 - 2000) / 10 × 9/12
28000 / 10 × 0.75 = Le 2100
Second year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
Third year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
Sydnee would like a chart to appear once in her report, but she is having trouble making this occur. She does not understand why the chart is showing multiple times in the report. What is most likely causing the problem?
The chart is placed in the header and footer of a database.
The chart is placed in the field of a database.
The chart is placed in a database with one group.
The chart is placed in a database with five groups.
Answer:
The chart is placed in a database with five groups.
Hope this helped.
are the costs related to the product that have to be paid regardless of the amount you sell.
A) Fixed cost
B) Opportunity costs
C) Variable costs
D) none of the above
Answer:
C) Variable costs
Explanation:
What if there is only one bank in the economy? Can it control inflation?
"Bank" actually means "an entity that can create money". Because money is usually thought of as M1 + M2. Inflation means price inflation, not monetary base inflation.
Money is legal tender created by banks. M1 is Treasury/Central Bank created cash. M2 is a credit built on M1. Now suppose there is only one entity in the world that can produce "money".
It creates currency in two ways. A method of creating cash and a method of creating credit as a loan to a private borrower or government and demanding interest on the loan as compensation.
Now you can make the money disappear by paying off the loan or not paying the loan. The problem is that a fractional reserve bank allows someone to use the money they receive as a loan as collateral for additional loans. So when someone defaults on a loan, not only is the money made for that loan wiped out, but so are all other loans that used that loan as collateral.
OK, the loan is a partial reserve system that has to be repaid with interest, but since no interest is accrued as part of the loan, it can only be repaid from money made on another loan, and dice interest is Reinvested in new loans - the total money supply must always increase - as loans are created to repay previous loans with interest.
Therefore, in such a system banks cannot lock inflation at zero percent. Inflation must be positive for the money supply to expand.
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Do firms really calculate marginal cost and marginal revenue to find the profit-maximizing output? If you examine the accounting records of most small businesses, you will be hard pressed to find explicit calculations of marginal cost and marginal revenue. So, why do economists develop rather elaborate, formal models of profit maximization when no one seems to do what we say they do?
It is a true statement that firms calculate their marginal cost and marginal revenue to find the profit-maximizing output.
What is marginal cost?A Marginal cost refers to the change in total cost when output is increased by one unit.
What is marginal revenue?A Marginal revenue refers to the change in total revenue when output is increased by one unit.
In conclusion, generally, a total profit is maximized where marginal revenue equals marginal cost, thus, they need to be calculated to realize that.
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Insurance offers consumers
Insurance customers don’t have a complicated need they want to choose from a good selection of policies to then get clear responsible prices.
Insurance is a tool for risk management. You get safeguards against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If an accident occurs and you don't have insurance, you may be responsible for paying all costs.
Its objective is to mitigate inadvertent loss and reduce financial uncertainty. This is done by trading the assumption of the risk of a sizable loss and a promise to make payments in the event of one for the payment of a small, predefined fee—an insurance premium—to an accredited insurer.
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Which one of the following characteristics applies to a limited liability company?
A. Available only to firms having a single owner
B. Limited liability for limited partners only
C. Taxed similar to a partnership
D. Taxed similar to a C corporation
E. All income generated is totally tax-free
The one of the following characteristics applies to a limited liability company Available only to firms having a single owner.
What one of the following describes a limited liability company?A limited liability company's characteristics include limited liability, independent legal existence, flexible taxation, and ease of operation.
A limited liability partnership has which of the following characteristics?LLPs have a few key characteristics, including: They exist in law as a distinct entity from its members. They offer its members the benefit of reduced liability. They pay partnership taxes.
What three qualities define a limited liability business (often referred to as an LLC)?A limited liability company or LLC has the following traits: It needs to be approved before any paperwork is submitted to the Secretary of State. It may have one or more members who are its owners. It may be managed by members or by managers. Everyone has a small amount of obligation.
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What are ethics ? In business
Answer: Business ethics are policies that guide the behavior of corporate entities, especially regarding controversial subjects.
Business ethics protect companies from legal liability and ensure that they treat their customers and team members with respect.
Corporate ethics codes often include subjects like social responsibility, insider trading, discrimination, corporate governance and bribery.
Explanation:
If you lose your ATM card and the person who finds it withdraws money from your account, you will lose no more than $50 from your account if you contact the bank or credit union within ____.
a) 36 hours
b) 60 hours
c) 48 hours
d) 24 hours
Answer:
24hrs
Explanation:
it it depends on the bank's policy and then also the policy of government in the place where you live so but generally it's 24 hours yeah
each point on a ________ curve shows the willingness of consumers to purchase a product at different prices.
Answer:
demand is the word.
Explanation:
Each point on a demand curve shows: The willingness of consumers to purchase a product at different prices. The consumer surplus received from purchasing a given quantity of a product The economics surplus received from purchasing a given quantity of a product The legally determined maximum price that sellers may charge for a given quantity of product.