Crocs was able to breathe life back into the brand by positioning the old clog shoe to center stage and redefining what it represents.
The revitalization of Crocs involved a strategic shift in perception and brand positioning. The company embraced the unique characteristics of their iconic clog shoe and repositioned it as a trendy and fashionable item. By showcasing the clogs in fashion shows, collaborating with designers, and partnering with celebrities, Crocs was able to change the perception of the shoes from merely functional to stylish and desirable.
While generating massive publicity by having Usain Bolt run in a pair of clog shoes and emphasizing the ergonomics of the shoe design played a role in the brand's revival, they were not the primary factors. Similarly, while charitable initiatives like donating to a crocodile wildlife sanctuary and targeting specific demographic segments like generation X can be part of a comprehensive marketing strategy, they are not the main reasons for Crocs' resurgence.
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Ordinary least squares (OLS) method is applied in order to:
estimate the residuals of the regression model
choose appropriate data for estimating the coefficients of the regression model
estimate the coefficients of the regression model
What kind of decision can be taken if the empirical level of significance (p-value) is lower than Type I (alfa) risk?
To reject the null in favor of the alternative hypothesis
To accept the null hypothesis
There is not enough information for taking a decision
To reject the alternative in favor of the null hypothesis
choose the appropriate functional form of the regression model
The appropriate functional form of the regression model can be chosen based on the empirical level of significance (p-value) being lower than the Type I (alpha) risk.
When conducting hypothesis testing in statistical analysis, the empirical level of significance (p-value) is compared to the predetermined Type I error rate (alpha) to make a decision. If the p-value is lower than the alpha level, it means that the observed data provides strong evidence against the null hypothesis and supports the alternative hypothesis.
In this case, the appropriate decision would be to reject the null hypothesis in favor of the alternative hypothesis. In the context of choosing the appropriate functional form of the regression model, the p-value can be used to assess the significance of different variables or transformations.
If the p-value is lower than the predetermined alpha level, it suggests that the particular functional form being considered is statistically significant and can be chosen for the regression model.
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Canada has had a Free Trade Agreement with the US and Mexico since 1994 so there are many years of quantifiable data to analyze its positive and negative effects. The new agreement, the USMCA came into effect in 2020 with many updates to reflect e-commerce, pay equity, etc. How is Canada’s economic well being enhanced by Free Trade Agreements? Make sure you use economic/financial terminology in your answer
Free Trade Agreements (FTAs) have become increasingly popular as a means of boosting economic growth and development.
Canada's economic well-being is enhanced by free trade agreements because it is more able to produce and sell its products and services to the global market without barriers, generating more opportunities for jobs and growth for Canadians. Here are some specific ways in which FTAs can have a positive impact on Canada's economic well-being:
1. Increase in international trade: Canada's Free Trade Agreements (FTAs) enable more trade and investment between Canada and its trading partners. FTAs remove tariff barriers, making it easier for Canadian businesses to export to new markets and therefore, increase the volume of international trade.
2. Economic growth: By increasing Canada's exports, the country can produce more goods and services, create more jobs, and increase its GDP, resulting in economic growth.
3. Lower costs: FTAs reduce the costs of production by removing tariffs and other trade barriers. This leads to lower costs of production, which translates into lower prices for Canadian consumers.
4. Access to new markets: FTAs provide Canadian businesses with access to new markets, which means that they can reach new customers and generate new revenue streams. By accessing new markets, Canadian businesses can grow, create jobs, and increase their profits.
5. Investment: FTAs encourage foreign investment in Canada by removing barriers to investment. This, in turn, leads to job creation, increased economic growth, and increased prosperity for Canadians.
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You must complete the following tasks:
1. Using the KNIME platform examine Summary Statistics
2. Build Decision Tree, Logistic Regression and KNN workflows in KNIME
3. Create a validation set: Split your dataset into two parts, "Train" and "Test".
4. Train and build Classification models for your dataset
5. Evaluate and compare the Performance of your Models using the Confusion
Matrix and Determine Accuracy Rate
When you have completed tasks 1-5 above, you
In this question, you have been given 5 tasks that need to be completed. The tasks are given below:1. Using the KNIME platform, examine summary statistics2. Build Decision Tree, Logistic Regression, and KNN workflows in KNIME3. Create a validation set: Split your dataset into two parts, "Train" and "Test".4. Train and build Classification models for your dataset5.
Evaluate and compare the Performance of your Models using the Confusion Matrix and Determine the Accuracy RateTask 1 - Using the KNIME platform, examine summary statisticsThe summary statistics describe the main features of the data in a dataset. The KNIME platform provides various nodes to generate and examine summary statistics. You can use the following nodes:Descriptive Statistics node: It generates summary statistics like minimum, maximum, mean, median, standard deviation, variance, skewness, and kurtosis.
Correlation node: It generates correlation statistics between attributes in a dataset.Cross-Tabulation node: It generates the frequency distribution of categorical variables.Task 2 - Build Decision Tree, Logistic Regression, and KNN workflows in KNIMEKNIME provides various machine learning algorithms that can be used to build Decision Tree, Logistic Regression, and KNN workflows.
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2.
a) Explain the quantity theory of money.
b) What are the basic assumptions behind the quantity theory of money?
c) If money supply (M) rises by10% and real output or RGDP (Y) rises by 5%, what would be the % change in prices (P) assuming the velocity of circulation of money (V) remains constant.
3. a) If the Fed wants to lower country’s money supply (M), will it buy bonds or sell bonds? b) Suppose the Fed wants to reduce country’s money supply by $500 billion by doing open market operations. How much bonds the Fed would have to buy or sell if the required reserve ratio is 10%?
Quantity theory of money explains the relationship between the quantity of money in an economy and the level of prices of goods and services sold in the economy. This theory is based on the equation of exchange MV = PY where M is the quantity of money, V is the velocity of circulation, P is the level of prices and Y is the level of output in an economy.
- The velocity of circulation is constant.
- Real output is fixed in the short-run.
- The level of money supply affects the level of prices and inflation.
the velocity of circulation is constant. Therefore, we can use the equation MV = PY to find the % change in prices (P).
MV = PY
10% x M = 5% x Y x P
P = (10/5) x M/Y
P = 2 x 10%
P = 20%
The Fed wants to reduce the money supply by $500 billion. it has to sell bonds worth $50 billion.
Money supply (M) = Money multiplier x Bank reserves (R)
500 = 10 x R
R = 50
The required reserves ratio is 10%. the total deposits will be ten times the bank reserves, and the Fed has to sell bonds worth $50 billion to reduce the money supply by $500 billion.
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The company has been experiencing a lot of turnover. Management
is trying to figure out how to keep its best employees from
leaving.
• What is the issue?
• How would you handle it?
The issue is that the company has been experiencing a lot of turnover and management is trying to figure out how to keep its best employees from leaving. The issue is related to employee retention and the company's ability to retain its top talent.
Investigate the reasons for the high turnover rate The first step in addressing the high turnover rate is to investigate the reasons why employees are leaving. The investigation can be conducted through employee surveys, exit interviews, and discussions with current employees. The investigation can help identify any issues that may be contributing to the high turnover rate, such as poor management, lack of training, or low pay.2. Improve employee retention effortsOnce the reasons for the high turnover rate have been identified, the company can take steps to improve its employee retention efforts. This may include offering more competitive pay and benefits, providing more opportunities for professional development, and improving the work environment.3. Communicate with employeesFinally, it's important to communicate with employees about the steps the company is taking to improve retention. This can help build trust and show employees that their concerns are being taken seriously. Communication can be done through regular company-wide meetings, individual meetings with employees, and through the use of company newsletters and other communication channels.
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In your role working as a paralegal or legal assistant for
eHarbour, draft a memorandum to Daniel Hudson, the eHarbour general
counsel, on how best to protect eHarbour’s intellectual property.
Speci
Word LS311_M1_Assignment_Template v B. Accessibility Mode Download MEMORANDUM Date: [today's date] To: Daniel Hudson From: (student name] Re: Protecting eHarbour Intellectual Property Introduction [Pr
MEMORANDUM Date: [Today's date]To: Daniel HudsonFrom: (Your Name)Re: Protecting eHarbour's Intellectual Property Introduction Intellectual property refers to original ideas, inventions, and creative work, whether in literary, artistic, or scientific fields.
It is crucial that eHarbour has adequate protections in place to safeguard the company's intellectual property. In this memorandum, I will provide recommendations for how best to protect eHarbour's intellectual property.BodyIt is critical that eHarbour has a comprehensive Intellectual Property (IP) strategy in place. The IP strategy should include a range of measures to ensure that eHarbour is adequately protected from a variety of risks. The following recommendations should be taken into consideration by eHarbour to safeguard its intellectual property:Patent filing: eHarbour should file patents to protect its innovative technology. Patents are a legal mechanism that provides eHarbour exclusive rights to their invention. This will safeguard the company's innovation and help eHarbour maintain its competitive edge.Trademark Registration: Trademarks are a significant part of a company's IP and should be registered to protect its brand and corporate image. Trademark infringement could cause significant financial losses and damage to eHarbour's reputation. Thus, all eHarbour trademarks should be registered to avoid any future litigation.Copyright registration: Copyright protection should be given to all original creative works produced by eHarbour. Copyright is granted automatically to an original work when it is created. However, to enforce copyright, the work must be registered with the relevant authority. By registering its creative works, eHarbour will prevent others from copying or distributing its creative work.Trade secrets: Trade secrets protection is essential to safeguard eHarbour's confidential information. Thus, eHarbour should have measures in place to prevent unauthorized access to confidential information by its employees or other third parties.ConclusionIn conclusion, it is crucial that eHarbour has a comprehensive IP strategy in place to safeguard the company's intellectual property. Patent filings, trademark registration, copyright registration, and trade secrets protection are among the measures that should be included in eHarbour's IP strategy. Implementing these recommendations will help eHarbour maintain its competitive edge and prevent others from exploiting its intellectual property.
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Rue's utility function is U(x,y) = min{2, 3y). Jules' utility function is U(t,y) min{I, VT} 4 (a) Which of the bundles A = (4, 0.5), B = (3, 2) and C = (2, 4) does Rue prefer? Which of the bundles does Jules prefer? (b) For Rue, draw the indifference curve, denoted as I, that contains the bundles that she likes exactly as well as bundle (4,2). On the same graph, draw the indifference curve I, for Rue that passes through bundle (6,3) and draw the indifference curve Is for Rue that passes through bundle (8,3). Does her preference satisfy convexity?
Jules prefers bundle C over B and A.
Rue's level of utility must be higher than 2.
a) Rue's utility function:U(x,y) = min{2, 3y)
Bundle A = (4, 0.5), U(4, 0.5) = min{2, 3(0.5)} = 1.5
Bundle B = (3, 2), U(3, 2) = min{2, 3(2)} = 2
Bundle C = (2, 4), U(2, 4) = min{2, 3(4)} = 2
Therefore, Rue prefers bundle B over A and C.
Now let's look at Jules' utility function:U(t,y) = min{I, VT}4
Bundle A = (4, 0.5), U(4, 0.5) = min{I, 4(0.5)} = 0.5
Bundle B = (3, 2), U(3, 2) = min{I, 4(2)} = 2
Bundle C = (2, 4), U(2, 4) = min{I, 4(4)} = 4
Therefore, Jules prefers bundle C over B and A.
b) An indifference curve is a graph showing combinations of goods yielding equal utility.
To draw the indifference curve of Rue, we need to find the level of utility
U = 2 for a range of bundles.
First, we set up her utility function as follows:
U(x,y) = 2 = min{2, 3y}3y = 2y = 2/3x = 4/3
This means any bundle (4/3, y) gives Rue a utility level of 2.
If we plot these bundles on a graph, we get an indifference curve like this:
To draw the indifference curve that passes through bundle (6, 3), we can set up the utility function as follows:
U(x,y) = 2 = min{2, 3y}3y = 2y = 2/3x = 4/3
Since bundle (6, 3) has a higher quantity of x, we can say that 4/3 < 6.
Therefore, Rue's level of utility must be higher than 2.
Let's say her new level of utility is U = 3.
U(x,y) = 3 = min{2, 3y}3y = 5y = 5/3x = 2
This means any bundle (2, 5/3) gives Rue a utility level of 3.
If we plot these bundles on the same graph, we get an indifference curve like this:
Finally, we draw the indifference curve that passes through bundle (8, 3).
We can set up the utility function as follows:
U(x,y) = 2 = min{2, 3y}3y = 2y = 2/3x = 4/3
Since bundle (8, 3) has a higher quantity of x and the same quantity of y as bundle B, we know Rue's utility level is 2.
If we plot these bundles on the same graph, we get an indifference curve like this:
Rue's preference does not satisfy convexity because the curves do not bulge towards the origin.
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On March 15, 2020, South Company’s employees earned $48,000 of sales salaries. Withholdings from the employees’ salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at a rate of 1.45%, $7,200 of federal income taxes, and $200 of union dues. Employer FICA taxes are identical to those on the employees. Of the total salary earned, $18,000 is subject to SUTA taxes, 5.4% and FUTA taxes, 0.6%.
a. Record journal entry to accrue payroll, including employee deductions for March 15. Note – Use separate account for each payable.
b. Record the accrued payroll taxes and other related employment expenses. (Use separate payable accounts).
c. Record the cash payment of salaries on March 18.
d. Record the March 21st cash payment of all remaining liabilities relating to the March 15th payroll.
The journal entries are necessary to accurately account for these transactions and fulfill the financial obligations of the company.
a. The journal entry to accrue payroll, including employee deductions for March 15 would involve debiting the following accounts:
- Salaries Expense: $48,000
- FICA Social Security Payable: $2,976 (6.2% of $48,000)
- FICA Medicare Payable: $696 (1.45% of $48,000)
- Federal Income Tax Payable: $7,200
- Union Dues Payable: $200
- SUTA Payable: $972 (5.4% of $18,000)
- FUTA Payable: $108 (0.6% of $18,000)
b. The accrued payroll taxes and other related employment expenses would be recorded by debiting the following accounts:
- FICA Social Security Payable: $2,976
- FICA Medicare Payable: $696
- Federal Income Tax Payable: $7,200
- Union Dues Payable: $200
- SUTA Payable: $972
- FUTA Payable: $108
- Payroll Tax Expense: Total of all the above accounts
c. The cash payment of salaries on March 18 would involve debiting the following accounts:
- Salaries Payable: $48,000
- Cash: $48,000
d. The March 21st cash payment of all remaining liabilities relating to the March 15th payroll would involve debiting the following accounts:
- FICA Social Security Payable: $2,976
- FICA Medicare Payable: $696
- Federal Income Tax Payable: $7,200
- Union Dues Payable: $200
- SUTA Payable: $972
- FUTA Payable: $108
- Salaries Payable: $48,000
- Cash: Total of the above accounts
The explanation of each entry involves recording the amounts for various payables and expenses related to payroll, including employee deductions and employer taxes. Each entry follows the basic principle of debiting the appropriate expense or payable account and crediting the corresponding liability or cash account. These entries ensure that the financial records reflect the accrued liabilities, payments made, and the appropriate allocation of expenses related to the payroll.
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The general consensus among M&A empirical studies is that...?
Select one:
a.
Target shareholders and combined shareholders make insignificant positive returns but acquirer shareholders make significant negative returns
b.
Target shareholders and combined shareholders make positive returns but acquirer shareholders make insignificant returns
c.
Target shareholders make positive returns but on a combined basis shareholders make negative returns
d.
All returns except for the acquirer’s are insignificant
e.
The target makes significant positive returns in the long run
The general consensus among M&A empirical studies is that target shareholders and combined shareholders make positive returns, while acquirer shareholders make insignificant or negative returns. The correct answer is b.
Target shareholders and combined shareholders make positive returns, but acquirer shareholders make insignificant returns. This finding is based on the general consensus derived from empirical studies conducted on mergers and acquisitions (M&A) transactions.
M&A transactions involve the acquisition of one company (the target) by another company (the acquirer). Various studies have analyzed the stock market performance of companies involved in M&A deals to understand the impact on shareholders.
The consensus among these studies is that target shareholders tend to benefit from M&A transactions and experience positive returns. This is because the acquisition typically involves a premium paid to acquire the target company's shares, leading to an increase in their value.
On the other hand, acquirer shareholders may not experience significant returns or may even face negative returns. This can be attributed to various factors, such as overpaying for the target company, integration challenges, dilution of ownership, or market skepticism about the strategic fit or synergies of the deal.
However, it's important to note that while the general consensus suggests these trends, there may be variations depending on specific M&A cases and market conditions.
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the yield to maturity of a bond is the discount rate that makes the present value of the coupon and principal payments
The yield to maturity (YTM) of a bond is the discount rate that equates the present value of all future cash flows from the bond to its current market price.
In other words, it is the rate of return an investor would earn if they held the bond until it matures and received all the promised payments.
To calculate the yield to maturity, you would need to use an iterative process or financial calculator. The formula for calculating the present value of a bond's cash flows involves discounting each cash flow by the YTM. By adjusting the YTM until the present value of the cash flows equals the bond's market price, you can determine the yield to maturity.
The YTM takes into account the time value of money and the risk associated with the bond's cash flows. It represents the average annual return an investor would earn if they purchased the bond at its current market price and held it until maturity.
It's important to note that the yield to maturity assumes that all coupon payments are reinvested at the YTM rate and that the bond is held until maturity.
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One of the top-selling products at a souvenir shop at the Victoria Peak Hong Kong is autographed
picture of Andy Lau who is Hong Kong famous movie star. Sales are 18 pictures per week, and the
purchase price from the supplier is $60 per picture. The total cost of placing an order from supplier
is $45. Annual holding costs are $15 per picture. Assume that there are 50 weeks in a year.
(a) Calculate the size orders should the souvenir shop place by using EOQ approach.
(b) Find out the annual inventory cost (i.e. holding plus ordering).
(c) Analyse how many orders will be placed per year.
(d) Decide how often orders will be placed.
(e) A company currently has 200 units of a product on hand that it orders every two weeks when
the salesperson visits the premises. Demand for the product averages 20 units per day with a
standard deviation of 5 units. Lead time for the product to arrive is seven days. Management
has a goal of a 95 percent probability of not stocking out for this product. The salesperson is
due to come in late this afternoon when 180 units are left in stock (assuming that 20 are sold
today). Determine how many units should be ordered.
As it has been mentioned that one of the top-selling products at a souvenir shop at the Victoria Peak Hong Kong is autographed, it is necessary to determine how often orders will be placed. Moreover, we need to decide how many units should be ordered when 180 units are left in stock (assuming that 20 are sold today).
The following are the steps that should be taken to determine the solution of the given problem:
Step 1: Calculate the maximum stock levels: The maximum stock level is the maximum number of units that a company can keep in stock.
This value is used to determine when to order new products.
It is calculated by adding the reorder level to the reorder quantity.
Mathematically,Max Stock Level = Reorder Level + Reorder Quantity
In this case, we don't have the reorder level and reorder quantity values.
Step 2: Determine the reorder point: The reorder point is the level of stock that triggers a reorder.
This is the minimum level of inventory that must be maintained to avoid a stockout situation.
Mathematically,Reorder Point = Maximum Usage x Lead Time
In this case, the maximum usage is 20 units per day, and the lead time is unknown.
Step 3: Calculate the economic order quantity: The economic order quantity (EOQ) is the optimal quantity of products that a company should order to minimize its total inventory cost.
Mathematically,EOQ = √(2DS / H)
Where,D = Annual demand
S = Setup cost
H = Holding cost
Let's assume that the annual demand for autographed products is 7,000 units.
The setup cost for placing an order is $50, and the holding cost is $10 per unit per year.
So,EOQ = √(2DS / H)= √(2 × 7,000 × $50 / $10)
= √(700 × $50)
= √$35,000
= $187.08
Therefore, the economic order quantity for autographed products is approximately 187 units.
Step 4: Calculate the order quantity: Since the economic order quantity is less than the maximum stock level, the order quantity should be equal to the EOQ.
So, the number of units that should be ordered is 187 units.
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Réal and Brigitte are retired and looking for ways to save on income tax. Given the difference in their respective incomes, their financial advisor recommends income splitting because they qualify for the pension income credit. Réal's annual income is $40,000 and Brigitte's is $18,000. Their respective average tax rates are 18% and 8%. How much income tax will Réal and Brigitte save if $5,000 of Réal's income is moved to Brigitte's? (Take into account that, after the income splitting, their respective average tax rates will be 15% and 10%.) O $1,480 O $1,350 O $1,280 O $1,090
Income tax will Réal and Brigitte save if $5,000 of Réal's income is moved to Brigitte's is $1,090,therefore correct answer is $1,090.
Income splitting is a tax planning technique that allows the transfer of income from one spouse to another, who pays tax at a lower rate. In this technique, a higher-earning spouse, Real in this case, transfers income to a lower-earning spouse, Brigitte, to reduce their overall tax burden. The aim of income splitting is to ensure that the higher-income earner does not end up paying higher taxes than necessary. Real and Brigitte's financial adviser has recommended income splitting to them, as they qualify for the pension income credit. The pension income credit is a non-refundable credit that reduces the federal income tax an individual pays on the first $2,000 of eligible pension income.
When pension income is split between spouses, both can claim the pension income credit. Real's annual income is $40,000, and Brigitte's income is $18,000. Their average tax rates are 18% and 8%, respectively. If $5,000 of Real's income is transferred to Brigitte, their average tax rates will be 15% and 10%, respectively. Therefore, Real and Brigitte will save income tax of $1,350 if $5,000 of Real's income is moved to Brigitte's account.An average tax rate is the percentage of the income paid in taxes. Therefore, to calculate the amount of tax savings Real and Brigitte will make if $5,000 of Real's income is moved to Brigitte's account, we first need to determine how much tax they are currently paying. Real's income tax is 18% of his annual income of $40,000, which is $7,200. Brigitte's income tax is 8% of her annual income of $18,000, which is $1,440.
Therefore, the total income tax they are currently paying is $8,640. After the $5,000 is transferred to Brigitte's account, Real's income is $35,000, and Brigitte's income is $23,000. Real's tax rate is 15% of his annual income of $35,000, which is $5,250. Brigitte's tax rate is 10% of her annual income of $23,000, which is $2,300.
Therefore, the total income tax they will be paying after income splitting is $7,550. Subtracting this amount from the total income tax they were previously paying ($8,640) gives us their tax savings, which is $1,090. Therefore, the correct option is O $1,090.
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In a perpetual inventory system, a separate account is maintained for each separate inventory item. These separate accounts are referred to as
subsidiary accounts.
control accounts.
purchase accounts.
contra accounts.
In a perpetual inventory system, a separate account is maintained for each separate inventory item. These separate accounts are referred to as subsidiary accounts.
Subsidiary accounts are used to track the detailed information of each individual inventory item. They provide a detailed record of the quantities and values of inventory items purchased, sold, and remaining in stock. Each subsidiary account is specific to a particular inventory item and contains information such as the item's description, unit cost, quantity on hand, and value.
The subsidiary accounts are linked to the general ledger through control accounts. Control accounts summarize the information from the subsidiary accounts and provide an overall view of the inventory balances in the general ledger. The control accounts serve as a means of monitoring and reconciling the subsidiary accounts to ensure accuracy and completeness.
In summary, subsidiary accounts are used in a perpetual inventory system to track individual inventory items, while control accounts summarize the information from the subsidiary accounts in the general ledger.
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Case Study Project
There are many students enrolled in the management information systems major, some of whom have completed the number of this year and some are about to graduate. We have the student Ahmed, who is one of the students who completed 90 hours at the university and his average is 4.25 out of 5. He has a desire to join one of the leading companies in the field of petroleum or the field of Telecommunications or technology and technology. Ahmed obtained high grades in the subjects of the specialization, and he is academically and academically superior to some extent, and he is an ambitious person, but he does not have good knowledge of how to enter the labor market, and he lacks good experience
Required
3) What professional courses should he take? What is the strategy and plan that he should follow in order to obtain it before graduating?
4) What are the most important aspects that he should take into account before entering the labor market? What are the problems and obstacles that can be encountered? And what are the solutions?
3) Professional courses that Ahmed should take are: He should take a course or two in the fields he's interested in such as a course on petroleum engineering, telecommunications engineering, or software engineering, as these courses will allow him to enhance his knowledge of the fields he is interested in.
He may also consider taking courses on programming languages and coding. Besides that, he can take courses in soft skills such as communication, problem-solving, and critical thinking skills to improve his professional abilities. To obtain the plan and strategy, Ahmed should follow these steps: First, Ahmed should identify the job that he wants and research the skills and qualifications required for that job. He should then research the companies that he is interested in working for and what their job requirements are. Ahmed should consider internships, summer jobs, or other job opportunities to gain work experience.
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The following data available for Delicious Catering Ltd.
Account
Beginning balance
Ending Balance
Use/source of cash
Accounts payable
47,800
55,500
Inventory
22,600
29,700
Long term debts
85,500
145,600
Common stock
120,500
100,000
Other information: The company just placed an order for 9,000 pieces of pizza bases at a price of $0.5/unit. The supplier offers the credit terms of 1.5/10, net 40.
Required:
Calculate the net cash and identify the source of cash or the use of cash for each account by filling into the column next to the ending balance
ANSWER a):
What is the discount being offered by the supplier to Delicious Catering Ltd.? How quickly must the company pay to get the discount? If the company takes the discount, how much should they pay?
ANSWER b):
The amount that the company should pay after availing the discount of 1.5% is $4,432.50.
What is the discount being offered by the supplier to Delicious Catering Ltd.?Discount being offered by the supplier to Delicious Catering Ltd. is 1.5%.How quickly must the company pay to get the discount.
If the company pays within 10 days of placing the order then they can avail the discount of 1.5% offered by the supplier. The credit terms being offered are 1.5/10, net 40.
If the company takes the discount, how much should they pay?If the company takes the discount offered by the supplier, they should pay; Price of 1 unit of pizza base = $0.5Discount offered = 1.5%.
Thus, the discounted price will be 0.5 - (0.5 x 0.015) = 0.4925, Amount to be paid by the company after the discount = $0.4925 x 9,000 = $4,432.50.
Therefore, the amount that the company should pay after availing the discount of 1.5% is $4,432.50.
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Imagine you are an entrepreneur in the perfectly competitive gizmo market. Draw a graph showing market supply, market demand, and equilibrium price and quantity of gizmos in the long run. Draw a corresponding graph for the individual gizmo manufacturing firm using the market equilibrium price, average cost curve, and marginal cost curve. If you line up the two graphs horizontally, the equilibrium price should be the same on both graphs.
Now suppose that a crucial component used in the manufacturing of gizmos becomes cheaper. What impact will this have on the gizmo industry in the short run, in terms of the market price, output of an individual firm, and market equilibrium quantity? What impact will this have on your firm’s profits? What impact will this have in the long run on each of these variables? Show graphically and explain your reasoning.
a decrease in the cost of components in the manufacturing of gizmos has a positive impact on the firm's profits in the short run. The reduction in cost will lead to increased output and market supply, causing the market equilibrium price to fall. In the long run, the increase in profitability will attract more firms into the market
As an entrepreneur in a perfectly competitive gizmo market, the market equilibrium will be reached when market demand and supply meet. The point at which market demand and supply meet is the equilibrium price and quantity of gizmos in the long run. Below is the graph showing market supply, market demand, and equilibrium price and quantity of gizmos in the long run.Individual firms in the gizmo market will produce at the point where average cost equals the market equilibrium price. The intersection between the marginal cost and average cost curve will be the output level for an individual firm. Below is the graph showing the individual gizmo manufacturing firm using the market equilibrium price, average cost curve, and marginal cost curve. The equilibrium price is the same on both graphs in the long run.[tex]Market Equilibrium Graph[/tex][tex]Individual Firm Graph[/tex]When a crucial component used in the manufacturing of gizmos becomes cheaper, the average cost curve of an individual firm will shift downwards. The decrease in the average cost curve will result in the firm producing more output in the short run. The market price will fall due to increased supply. The output of an individual firm will increase, and the market equilibrium quantity will also increase. The impact of cheaper components on the firm's profits will be positive as the firm will realize increased revenue with a reduction in costs.In the long run, more firms will enter the market due to the increased profitability. The entry of new firms into the market will cause the supply curve to shift to the right, leading to a reduction in the equilibrium price. The increase in supply will also result in a decrease in the output of an individual firm. However, the market equilibrium quantity will increase as the increased number of firms will compensate for the reduction in output. Below is the graph illustrating the impact of cheaper components in the long run.
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Your estimate of the market risk premium is 9% The risk-free rate of return is 3.7% and General Motors has a beta of 1.8. According to the Capital Asset Pricing Model (CAPM), what is its expected return? OA. 17.9% OB. 19.9% OC. 18.9% OD. 20.9%
The expected return on General Motors according to the Capital Asset Pricing Model (CAPM) is 19.9%, that means Option B is the correct answer.
What is the reason?According to the Capital Asset Pricing Model (CAPM), what is the expected return if the market risk premium is 9%, the risk-free rate of return is 3.7%, and General Motors has a beta of 1.8?A) 17.9% can be the expected return according to the Capital Asset Pricing Model (CAPM)Solution:General Motors’ expected return is determined by the Capital Asset Pricing Model (CAPM).
Here is the formula of the Capital Asset Pricing Model (CAPM): r = rf + beta x (rm – rf)Here, r is the expected return on General Motors, beta is the measure of the company’s risk relative to the market, rf is the risk-free rate of return, and rm is the expected return of the market.
The market risk premium is 9%.The risk-free rate of return is 3.7%.The beta of General Motors is 1.8.r = 3.7% + 1.8 x (9%)r = 3.7% + 16.2%r = 19.9%
Therefore, the expected return on General Motors according to the Capital Asset Pricing Model (CAPM) is 19.9%.Option B is the correct answer.
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assume france has the production possibilities to produce either 18 bottles of milk or 45 slices of cheese using 50 worker hours. if france decides to produce 16 bottles of milk, how many slices of cheese can it produce? round your answer to the nearest whole number. place the moveable point at the coordinate that shows this production possibility. make sure that the point's coordinates are exactly correct.
France's production possibility chart is shown below: [tex]\left(\dfrac{milk}{50 workers}\right)[/tex][tex]\left(\dfrac{cheese}{50 workers}\right)[/tex]180090*85*01645The production possibility frontier (PPF) shows the maximum possible output of two goods for a given level of inputs (for example, labor hours).
It demonstrates how much of one commodity must be sacrificed in order to produce more of the other commodity. This is also known as the "opportunity cost."Given that France has production possibilities to produce either 18 bottles of milk or 45 slices of cheese using 50 worker hours and decides to produce 16 bottles of milk, the maximum possible cheese slices that can be produced are 64 (rounded to the nearest whole number).The moveable point at the coordinate that shows this production possibility is (16, 64). Therefore, when France produces 16 bottles of milk, it can produce a maximum of 64 slices of cheese.
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When are certain discriminatory employment qualifications permitted by law?
a.
never
b.
when it’s reverse discrimination
c.
when employees are on a probationary period
d.
when they are bona fide occupational qualifications
The correct answer is option d. BFOQs are specific job requirements that may involve discriminatory factors such as age, gender, or religion, but are necessary for the performance of a particular job.
However, it's important to note that the use of BFOQs is highly regulated and subject to strict scrutiny to ensure that they are genuinely essential to the job and do not unjustly exclude individuals based on protected characteristics.
It is worth mentioning that BFOQs are limited in scope and are only allowed in certain situations. The general principle of non-discrimination in employment holds that individuals should not be denied employment opportunities or treated unfairly based on protected characteristics such as race, color, national origin, sex, religion, disability, or age (in certain circumstances).
These protected characteristics are safeguarded by various anti-discrimination laws, such as the Civil Rights Act of 1964 in the United States.
While BFOQs provide a narrow exception to the general rule of non-discrimination, they are only permissible if it can be proven that the discriminatory qualification is directly related to the ability to perform the job safely and efficiently. Employers must demonstrate that the qualification is reasonably necessary for the normal operation of the particular business or enterprise.
It's essential for employers to consult legal experts or employment law resources specific to their jurisdiction to ensure compliance with anti-discrimination laws and to understand the criteria and limitations regarding BFOQs.
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Question 13 3 pts We need 300 units of Item X. If 100 are already in stock, then the gross requirement is and the net requirement is O 350, 250 O 350, 300 O 300, 250 O 300, 200
The gross requirement is 400 units, and the net requirement is 200 units.
The gross requirement is the total quantity of items needed, including both the quantity already in stock and the additional units required.
In this case, if we need 300 units of Item X and 100 units are already in stock, then the gross requirement would be:
100 (already in stock) + 300 (additional units required) = 400 units
Therefore, the gross requirement is 400 units.
The net requirement, on the other hand, refers to the additional units required beyond what is already in stock.
In this case, the net requirement would be:
300 units (total required) - 100 units (already in stock) = 200 units
Therefore, the net requirement is 200 units.
So, the correct answer is: O 300, 200
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Suppose an employer and its employees enter into a wage contract specifying a wage increase of 2%. But suppose the price level rises by 3% over the course of the contract. In this case, A) the employees' purchasing power will rise. B) the employees' purchasing power will fall. C) the employer will experience a greater fall in purchasing power than would have occurred if the price level had held steady. D) both employer and employees will benefit from increased purchasing power. E) both employer and employees will experience a loss of purchasing power.
Suppose an employer and its employees enter into a wage contract specifying a wage increase of 2%. But suppose the price level rises by 3% over the course of the contract. In this case, the employees' purchasing power will fall. Answer: B) the employees' purchasing power will fall.
Purchasing power is the quantity of goods and services that can be purchased with a specified amount of money.
The capacity of a specified amount of money to purchase goods and services varies with the cost of the goods and services (i.e., the level of prices).
The purchasing power of an employee's wage will fall if the rate of inflation exceeds the wage's growth rate.
An employer can provide a pay increase to employees, but if prices rise faster than wages, the purchasing power of the wage increase will be lost.
In this case, the price level rose by 3% while the wage increased by only 2%, implying that the purchasing power of the employee's wage would fall.
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Intro Four Seasons Has Preferred Stock Outstanding That Promises To Pay A Quarterly Dividend Of $0.71 Every Quarter Forever. The Stock Currently Trades For $35.6.
Part (1) - What Is The Annualized Cost Of Preferred Stock?
To calculate the annualized cost of preferred stock, multiply the quarterly dividend by the number of quarters in a year (4), i.e., $0.71 x 4 = $2.84 per year.
The annualized cost of preferred stock refers to the cost or rate of return associated with owning and holding preferred stock over a one-year period. It represents the total amount of dividends paid by the preferred stock during a year. To calculate the annualized cost of preferred stock, you need to multiply the dividend payment per period by the number of periods in a year. For example, if the preferred stock pays a quarterly dividend of $0.71, you would multiply $0.71 by 4 (since there are 4 quarters in a year) to get the annualized cost. In this case, the annualized cost would be $2.84.
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a firm that faces the duopolists' dilemma can avoid the dilemma by
A firm that faces the duopolist's dilemma can avoid the dilemma by differentiating its products from its competitors. A product differentiation strategy is a business technique that distinguishes the products or services provided by a firm from those provided by its rivals.
Explanation:When two companies engage in competition, each one must determine whether to collaborate or compete with the other. When two companies agree to collaborate, they form a duopoly, which can result in lower prices and increased profits. However, in most cases, the companies compete with each other. Duopolist's dilemma arises when both companies compete aggressively for market share, resulting in reduced profits for both companies.The best solution for a company that is facing duopolist's dilemma is product differentiation. A company may avoid direct competition by offering a unique product or service that cannot be found anywhere else. This will help the firm establish a loyal customer base and, as a result, increase profits.
A firm that faces the duopolist's dilemma can avoid the dilemma by differentiating its products from its competitors. When two companies engage in competition, each one must determine whether to collaborate or compete with the other. Duopolist's dilemma arises when both companies compete aggressively for market share, resulting in reduced profits for both companies. A product differentiation strategy is a business technique that distinguishes the products or services provided by a firm from those provided by its rivals. The best solution for a company that is facing duopolist's dilemma is product differentiation.
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The Bank of Zambia's monetary policy committee lowered its policy rate by 125 basis points to 8% on 18th August responding to the growing COVID-19 crisis. Discuss what would happen to all the necessary components of the Balance of Payment for Zambia. Please, explain clearly how this would affect the exchange rate.
The relationship between monetary policy decisions, Balance of Payment components, and the exchange rate is complex and subject to multiple factors.
The monetary policy decision by the Bank of Zambia to lower its policy rate can have several effects on the components of the Balance of Payment for Zambia, which includes the current account, capital account, and financial account.
1. Current Account: A reduction in the policy rate is expected to stimulate economic activity by lowering borrowing costs. This could lead to increased imports as businesses and individuals have access to cheaper credit, resulting in a higher demand for foreign goods and services. Consequently, the current account balance may deteriorate as imports exceed exports, putting pressure on Zambia's trade balance.
2. Capital Account: The capital account comprises capital flows related to investments and loans. Lowering the policy rate can attract foreign investors seeking higher returns on their investments. If foreign investors find the new interest rates in Zambia attractive, they may increase their investments in the country. This influx of foreign capital could positively impact the capital account, increasing foreign direct investment (FDI) and portfolio investment.
3. Financial Account: The financial account records transactions involving financial assets and liabilities. A reduction in the policy rate can influence the financial account by altering the attractiveness of domestic financial instruments. Lower interest rates may discourage foreign investors from holding Zambian assets, leading to capital outflows and a decrease in foreign holdings of Zambian securities.
The impact on the exchange rate will depend on the overall effect of these changes in the Balance of Payment components. If the current account deficit outweighs the positive effects on the capital and financial accounts, there may be downward pressure on the exchange rate. Increased demand for foreign currency to pay for imports could lead to depreciation of the Zambian kwacha. Conversely, if the capital and financial account inflows outweigh the current account deficit, it could exert upward pressure on the exchange rate, resulting in an appreciation of the currency.
It is important to note that the impact on the exchange rate is also influenced by various other factors, such as market sentiment, investor confidence, global economic conditions, and government policies. Therefore, the relationship between monetary policy decisions, Balance of Payment components, and the exchange rate is complex and subject to multiple factors.
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1. Which control testing determination is the same for both an integrated audit and a financial statement- only audit?
a. Nature of our testing procedures for manual controls
b. Timing of our control testing
c. Extend of our control testing for manual controls
d. None of the above, an integrated audits and financial statement-only audits have different control testing determinations
The control testing determination is the same for both an integrated audit and a financial statement-only audit is the timing of our control testing. The correct option is b.
Control testing is a procedure carried out as part of an audit to evaluate the effectiveness of an entity's internal control. Internal controls are the procedures, policies, and practices put in place by an organization to guarantee the reliability of its financial reporting, compliance with laws and regulations, and the effectiveness and efficiency of its operations.
The following are the different types of control testing: 1. Initial testing , 2. Re-performance testing, 3. Walkthrough testing, 4. Substantive testing, 5. Ongoing monitoring testing,
Control testing is carried out to determine the following:To determine whether control policies and procedures have been established and effectively applied;
To determine if control policies and procedures are being used in the manner intended by the organization;To determine whether or not policies and procedures are adequate to prevent errors or fraud; and
To determine whether or not appropriate monitoring and follow-up procedures are in place to ensure the effectiveness of control policies and procedures. The correct option is b.
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U Question 16 0.1 pts For testing of knowledge, the use of speed tests is Critical to effective testing, Never of any value Calculated for multiple-choice tests by multiplying the number of questions by 25, which will give you the length of time in minutes. None of these is correct.
The statement claims that speed tests are critical to effective testing, but the options provided contradict this assertion. None of the given options accurately reflects the value or method of calculating speed tests in multiple-choice exams.
The statement is incorrect in suggesting that speed tests are critical to effective testing. While speed can be a factor in certain types of assessments, such as timed exams or tests that measure response time, it is not universally applicable to all testing scenarios. The effectiveness of testing relies on a variety of factors, including the validity and reliability of the questions, the alignment with learning objectives, and the ability to assess knowledge and understanding accurately. Speed alone does not guarantee the effectiveness of a test.
Furthermore, the options provided do not accurately represent the value or calculation method for speed tests in multiple-choice exams. Calculating the duration of a multiple-choice test by multiplying the number of questions by 25 assumes a fixed time limit for each question, which may not be the case in reality. The length of time required for each question can vary depending on the complexity and difficulty level, and it is typically determined by the test designer or institution based on the intended purpose and target audience. Therefore, none of the options provided are correct or comprehensive in addressing the role or calculation of speed tests' ineffective testing.
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Given the following MRP matrix for Item D:
ITEM: D
Period
Lot Size: Min 100 LT: 2
1
2
3
4
5
6
7
Gross Requirements
60
90
150
150
180
270
120
Schedule Receipts
150
Project on Hand 120
Net Requirements
Planned Order Receipts
Planned Order Releases
The projected on hand quantity at the end of period 3 would be
0
20
60
70
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Question 22 2 pts
Given the following MRP matrix for Item D:
ITEM: D
Period
Lot Size: Min 100 LT: 2
1
2
3
4
5
6
7
Gross Requirements
60
90
150
150
180
270
120
Schedule Receipts
150
Project on Hand 120
Net Requirements
Planned Order Receipts
Planned Order Releases
The planned order release for period 3 would be
100
160
270
300
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Question 23 2 pts
Given the following MRP matrix for Item D:
ITEM: D
Period
Lot Size: Min 100 LT: 2
1
2
3
4
5
6
7
Gross Requirements
60
90
150
150
180
270
120
Schedule Receipts
150
Project on Hand 120
Net Requirements
Planned Order Receipts
Planned Order Releases
The planned order release for period 5 would be
100
120
160
270
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Question 24 3 pts
Given the following MRP matrix for Item D:
ITEM: D
Period
Lot Size: Min 100 LT: 2
1
2
3
4
5
6
7
Gross Requirements
60
90
150
150
180
270
120
Schedule Receipts
150
Project on Hand 120
Net Requirements
Planned Order Receipts
Planned Order Releases
The planned order receipt for period 6 would be
100
120
160
270
The projected on-hand quantity of Item D at the end of period 3 is 70 units. This is determined by tracking the net requirements and scheduled receipts across the periods.
After a demand of 60 units in period 1, we're left with a projected on-hand inventory of 60 units (120 initial - 60 demand). In period 2, there's no demand, but we have scheduled receipts of 150 units, giving us an on-hand inventory of 210 units (60 + 150). In period 3, a demand of 90 units reduces the inventory to 120 units (210 - 90). This calculation continues for each period, determining our projected on-hand inventory. The planned order release for Item D in period 3 is 100 units. MRP uses a lead-time offset to plan order releases In this case, with a lead time (LT) of 2 periods, we must place orders two periods in advance. Therefore, the order release in period 3 will aim to satisfy the demand in period 5, which is 100 units. It ensures the inventory arrives just in time to meet the demand, optimizing inventory management.
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Iron Rubber Tire Co. has reported operating income (EBIT) of $7,200,000, notes payable of $10,000,000, and long-term debt of $5,000,000. If the firm pays 6% interest on its long-term debt and 3% interest on its notes payable, how much does Iron Rubber Tire Co. have in earnings before taxes (EBT)? (Answer in dollars and omit the dollar sign, $.)
To calculate the earnings before taxes (EBT) for Iron Rubber Tire Co., we need to subtract the interest expense from the operating income (EBIT).
The interest expense on long-term debt can be calculated as follows:
Interest Expense (Long-term debt) = Long-term Debt * Interest Rate
Interest Expense (Long-term debt) = $5,000,000 * 6% = $300,000
The interest expense on notes payable can be calculated as follows:
Interest Expense (Notes payable) = Notes Payable * Interest Rate
Interest Expense (Notes payable) = $10,000,000 * 3% = $300,000
Now, we can calculate the earnings before taxes (EBT):
EBT = EBIT - Interest Expense (Long-term debt) - Interest Expense (Notes payable)
EBT = $7,200,000 - $300,000 - $300,000
EBT = $6,600,000
Therefore, Iron Rubber Tire Co. has earnings before taxes (EBT) of $6,600,000.
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the following data shows the quantities of soda and cheese that can be produced in the us and france with one unit of resources. soda cheese united states 20 bottles 60 pounds france 10 bottles 40 pounds based on the information above, which of the following statements is not true? the u.s. has a comparative advantage in producing soda
the u.s. has an absolute advantage in producing soda
the u.s. has an absolute advantage in producing cheese france has an absolute advantage in producing soda
The following statement is not true: The U.S. has an absolute advantage in producing cheese. The correct option is c.
Absolute advantage refers to the ability of an individual, company, or country to produce a better quality good at a cheaper price compared to other entities. It is generally characterized by the ability of the entity to make use of fewer resources and time to produce goods and services than other entities. The production possibility frontier is the best method for assessing absolute advantage.
Comparative advantage occurs when an entity can produce a good or service with a lower opportunity cost than another entity. A nation or entity with a comparative advantage can produce a good or service at a lower opportunity cost than another entity. This concept is based on the production possibility frontier (PPF) concept.
Therefore, the US has a comparative advantage in producing soda because it produces 20 bottles per unit of resources while France produces only 10 bottles per unit of resources. France has an absolute advantage in producing soda because it produces 10 bottles of soda per unit of resources while the US produces 20 bottles of soda per unit of resources.
Therefore, the following statements are true: The US has a comparative advantage in producing soda. The US has an absolute advantage in producing soda. France has an absolute advantage in producing cheese. Therefore, the U.S. has an absolute advantage in producing cheese is a false statement.
The correct option is c.
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II. Assume the inverse demand for gas in the north of a country is Dn(qn) = 700 − qn while in the south the inverse demand function is Ds (qs ) = 710 − 3qS . There is only one brand of gas stations that has a constant marginal cost c = 100 and operates in both parts of the country (q is measured in gallons and p in cents).
If the firm charges the same uniform linear price in both parts of the country. Write the problem of the firm. What would be the equilibrium quantities qN and qS.
If the firm can choose different prices in the north and south, and consumer in each part of the country cannot travel to buy in the other part. Write the problem of the firm. What would be the equilibrium quantities qN and qS, and prices pN and pS?
If consumers can by gallons of gas in whatever part of the country and have them delivered for 6 cents per gallon. Would the firm alter the prices found on (2)? What if the shipping cost is just 4 cents per gallon?
If the shipping cost is reduced to 4 cents per gallon, the firm may adjust the prices to take advantage of the lower shipping cost. The specific adjustment would depend on factors such as demand elasticity, cost considerations, and market competition.
I. If the firm charges the same uniform linear price in both parts of the country, the problem of the firm can be written as follows:
Maximize profit: π = (p - c) * q
Subject to:
Demand in the north: qN = 700 - p
Demand in the south: qS = (710 - p) / 3
Since the firm operates in both parts of the country, the total quantity supplied (q) is the sum of qN and qS: q = qN + qS
To find the equilibrium quantities qN and qS, we need to set the total quantity supplied equal to the total quantity demanded and solve for qN and qS:
qN + qS = Dn(qN) + Ds(qS)
II. If the firm can choose different prices in the north and south, and consumers in each part of the country cannot travel to buy in the other part, the problem of the firm can be written as follows:
Maximize profit: π = (pN - c) * qN + (pS - c) * qS
Subject to:
Demand in the north: qN = 700 - pN
Demand in the south: qS = (710 - pS) / 3
The equilibrium quantities qN and qS, as well as prices pN and pS, can be found by setting the marginal revenue equal to marginal cost for each region:
MRN = MC = pN - c
MRS = MC = pS - c
III. If consumers can buy gallons of gas in whatever part of the country and have them delivered for a cost per gallon, the firm would consider the shipping cost when determining prices.
If the shipping cost is 6 cents per gallon, the firm would not alter the prices found in (II) because the shipping cost is equal to the difference in prices between the two regions.
It's important to note that these are simplified economic models and the actual outcomes may depend on various market dynamics and assumptions.
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