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Fintech regulations are more flexible than traditional restrictions, making the industry riskier. However, people continue to use it because it provides a more efficient, cost-effective, inventive, and user-friendly experience. Additionally, there are additional functions that are not available at typical banks.
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2 FeCl2 + Cl2 → 2 FeCl3
If 3.7 x 10^25 particles of Cl2 are reacted, how many grams of FeCl2 will also be reacted?
1 mole contains 6.02214076 × 1023 particles.3.7 x 1025 particles of Cl2 is equal to: 3.7 x 1025 / 6.02214076 × 1023 = 61.4 molesAccording to the equation, 1 mole...
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Giving reasons identify the position in the production possibility space of an economy where its firms practice inefficient management practices (like many Sri Lanka firms!).
Answer on Question #37320 - Economics - Other. Production Possibility Frontier - PPF is a curve depicting all maximum output possibilities for two or more goods given a set of...
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What factors ensure that the magnitude of economic rents earned by firms in a perfectly competitive markets are different from the magnitude earned by firms in a differentiated goods market?
Differentiated goods markets have higher entrance barriers, caused by specific qualities of goods, so the quantity of producers doesn't increase fast. So the prices don't decline till the level of...
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Explain the following statement: “When firms choose output quantities, there is a first
mover advantage, and when firms choose prices, there is a second mover advantage”
Solution:The first part of the statement implies that, when a firm chooses comparatively large output quantities, the other firm will desire to choose a comparatively small quantity and vice versa....
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Is it possible for firms for firms to experience both increasing and diminishing returns?
No;because the two conceptions are diametrically opposed. If all factors of production are increased at the same rate, increasing retirns to scale lowers the minimal average cost. However, as you...
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In a market economy, decisions about what to produce are made primarily by
A) the government
B) individuals and firms
C) firms in consultation with the government
D) a central planning committee
In a market economy, decisions about what to produce are made primarily by A) the government B) individuals and firms C) firms in consultation with the government D) a central...
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Many firms do not price discriminate. What can prevent some firms being able to do price discrimination?
Many firms do not price discriminate. In perfectly competitive markets price discrimination is impossible, because all firms are price-takers and can't influence on the price. In monopolistically competitive and monopolistic...
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what are the reasons why enterpreneurs and small scale firms have difficulties in accessing finance for start up and expansion (15 marks)
Startups and SMEs often fail to know their business credit score and even understand this aspect. Beside of that, without an established consumer relations these market players have a huge...
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In some cases, employment subsidies are provided to firms in order to encourage employment by these firms. What would the impact of these kind of subsidies be on the labor market?
If employment subsidies are provided to firms in order to encourage employment by these firms, then the quantity of labor supplied will exceed the quantity of labor demanded, so there...
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Firms operating in market structure may decide to restrict output and increase prices identify and explain this form of economic behavior exhibited by firms in the industry
Firms operating in monopolistic or monopolistically competitive market structure may decide to restrict output and increase prices according to their market power and ability to change the output and market...
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