Answer:
competition between businesses
Explanation:
The Federal Trade Commission can be regarded as independent agency that is been set up by United States government to enforce antitrust law as well as carry out of the promotion of consumer protection. Since to define a market can seems difficult, they tends to use competition between businesses when carrying out their operation. Business competition can be regarded as a process whereby different companies as well as individuals compete in the same industry, this could be in the type of product and services been offered, with compitition, the consumers can have different options when seeking for product not services to consume.
For example, the sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. Suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. Many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. The actual price level turns out to be 90. Faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. Sales from catalogs will _____________.
Answer:
fall
Explanation:
We know that when demand for goods and services are low, this can impact prices since there would be a fall in sales. This happened due to the fact that people would reduce their demand for the good given the increase in their price. From the question that we have here we have been told that the prices that were set by the catalogue when compared to the actual price level is on the high side.
given this explanation, the conclusion is that the sales from catalogues are going to fall
A firm has a demand function p=108-5q and the cost function c=-12q+q^2. find the price at which profit is maximum. find the maximum profit. also find the output for maximum cost.
Answer:
[tex](a)\ q=3.5[/tex]
[tex](b)\ t_{max} = 120.25[/tex]
(c) No maximum
Explanation:
Given
[tex]p = 108 - 5q[/tex]
[tex]c = -12q + q^2[/tex]
Solving (a): The price at maximum profit.
The profit (t) is calculated using the following function
[tex]t = p - c[/tex] --- price- cost
So, we have:
[tex]t = 108 - 5q - (-12q + q^2)[/tex]
Open bracket
[tex]t = 108 - 5q +12q - q^2[/tex]
[tex]t = 108 +7q - q^2[/tex]
Rewrite as:
[tex]t = - q^2 + 7q + 108[/tex] --- this is the profit function
A quadratic function is represented as:
[tex]y = ax^2 + bx + c[/tex]
The maximum is:
[tex]x = -\frac{b}{2a}[/tex]
By comparison:
[tex]q = -\frac{7}{2*-1}[/tex]
[tex]q=3.5[/tex] ----- price at maximum profit
Solving (b): The maximum profit
The profit function is:
[tex]t = - q^2 + 7q + 108[/tex]
The maximum is:
[tex]t_{max} = -3.5^2 + 7 * 3.5 +108[/tex]
[tex]t_{max} = 120.25[/tex]
Solving (c): Maximum cost
We have:
[tex]c = -12q + q^2[/tex]
The maximum price of the above function is:
[tex]q = -\frac{-12}{2*1}[/tex] ---- from x = -b/2a
[tex]q = \frac{12}{2}[/tex]
[tex]q = 6[/tex]
So, the maximum cost is:
[tex]c_{max} = -12 * 6 + 6^2[/tex]
[tex]c_{max} = -36[/tex]
The cost function has no maximum; only minimum
Question 6 of 25
For which of the following housing situations is there a tenant and a landlord?
O A. Buying a home
B. Staying at a hotel
O
C. Renting a house
O
D. Selling a condominium
Could someone answer this pls?
Answer:
C
Explanation:
This is because, in renting a house, the owner becomes your landlord and you become the tenant
The free-rider problem arises when an individual ____________. A. does not pay for a good because that individual is engaging in illegal activity. B. pays for a good only when being monitored by the authorities for noncompliance. C. does not pay for a good because nonpayment does not prevent consumption. D. pays for a good only when he or she is in the top quartile of people needing the good.
The free-rider problem arises when an individual [C] does not pay for a good because nonpayment does not prevent consumption.
Please I need help!!
Answer:
A
Explanation:
Porter's study identified components of the German textile and apparel sector: cotton, wool, synthetic fibers, sewing machine needles, and textile machinery. These were all successful industries in a single country that grouped into related industries. This grouping is an example of a(n)ples of basic factors of production as identified by Porter
Answer:
cluster
Explanation:
From the question we are informed about Porter's study which identified components of the German textile and apparel sector: cotton, wool, synthetic fibers, sewing machine needles, and textile machinery. These were all successful industries in a single country that grouped into related industries. This grouping is an example of cluster of basic factors of production as identified by Porter.
Factors of production can be regarded as resources which are been considered as the building blocks of an economy, they are the inputs that are used in the production of goods as well as services. It can be divided into categories by Economists; these are
✓capital
✓land
✓ labor
✓entrepreneurship.
On April 1, 2021, Austere Corporation issued $320,000 of 15% bonds at 106. Each $1,000 bond was sold with 40 detachable stock warrants, each permitting the investor to purchase one share of common stock for $19. On that date, the market value of the common stock was $16 per share and the market value of each warrant was $3. Austere should record what amount of the proceeds from the bond issue as an increase in liabilities
Answer:
$300,800
Explanation:
First Calculate the proceeds from the issuance of the bond
Proceeds from bonds = Face value x Price rate = $320,000 x 106% = $339,200
Now calculate the fair value of the warrant issued
Fair value of warrant = Numbers of shares x Stock per bond x Market value of each Warrant = ( $320,000 / $1,000 ) x 40 x $3 = 320 x 40 x $3 = $38,400
Liability Portion = Procedds from bonds - Fair value of waarants = $339,200 - $38,400 = $300,800
Olivia bought a $1,874 sprinkler system with her credit card. Her credit card has an APR of 10.31%, compounded monthly. She made no other purchases on the card until the sprinkler system was fully paid for, which took four years of identical monthly payments. Over the eight years that Olivia kept the sprinkler system, it used an average of $2.11 in water per week. After eight years, what percentage of the total lifetime cost of the system did the original price make up
Answer:
Percentage of the total lifetime cost of the system that the original price made up = 59.07%
Explanation:
The monthly payments for the sprinkler system can be calculated using the formula for calculating the present value of an ordinary annuity as follows:
PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)
Where;
PV = Present value or original price of the sprinkler = $1,874
P = Monthly payment = ?
r = Monthly interest rate = APR / 12 = 10.31% / 12 = 0.1031 / 12 = 0.00859166666666667
n = number of months = number of years of payment * 12 = 4 * 12 = 48
Substitute the values into equation (1) and solve P, we have:
$1,874 = P * ((1 - (1 / (1 + 0.00859166666666667))^48) / 0.00859166666666667)
$1,874 = P * 39.1976732321759
P = $1,874 / 39.1976732321759
P = $47.81
Therefore, we have:
Total payment for the sprinkler = Monthly payments * Number of months = P * n = $47.81 * 48 = $2,294.88
Total cost in water = Cost in water per week * Number of weeks in a year * Number of years that Olivia kept the sprinkler system = $2.11 * 52 * 8 = $877.76
Total lifetime cost of the system = Total payment for the sprinkler + Total cost in water = $2,294.88 + $877.76 = $3,172.64
Percentage of the total lifetime cost of the system that the original price made up = (Original price of the sprinkler / Total lifetime cost of the system) * 100 = ($1,874 / $3,172.64) * 100 = 59.07%
Answer:
B on. edge 2022
Explanation:
(Step by step explanation)
Tetradic Solutions has been making purchases from Ribbon, Inc., for the last three years. Every three months, it makes the same order of 5,000 ml of Ribbon, Inc.'s, secret compound used in Tetradic's lotion line. Recently, Tetradic has seen a downturn in demand and needs to alter its usual order from 5,000 to 3,500 and hopefully reduce the price per ml. What BEST describes Tetradic's situation
Answer: modified rebuy
Explanation:
Tetradic's situation can be defined as the modified rebuy. Modified Rebuy refers to a purchasing situation whereby an individual or organization buys goods that they've bought before but then changes the supplier or some elements in the previous order.
Based on the question given, Tetradic Solutions alters his purchase as the order was modified. In modified rebuy, the specifications of the product, prices, and suppliers can be changed as well.
When Reba lists the Chandlers’ home in the MLS, she will categorize it as a ______. a. Retro-commissioned structure b. Townhome c. Converted structure d. Single-family home 2. If the Chandlers sell the home at this time, is it likely that they will have a capital gains tax obligation? a. Yes, if they sell the home for more than $500,000. b. Yes, if they sell the home for a net capital gain. c. No, as long as the gain does not exceed $500,000, assuming that they are filing a joint return. d. No, because the sale of a primary residence is not subject to capital gains tax. Chapter 4 Home Ownership
When Reba lists the Chandlers’ home in the MLS, she will categorize it as a townhome.
If the Chandlers sell the home at this time, is it likely that they will have a capital gains tax obligation? No, as long as the gain does not exceed $500,000, assuming that they are filing a joint return.
State the type of skewness for a frequency distribution whose three quartiles are 21, 18 and 20.
Answer:
Left skew
Explanation:
Given the quartiles of a distribution :
21, 18 and 20
Lower quartile, Q1 = 18
Median, Q2 = 20
Upper quartile, Q3 = 21
Representing the quartiles of the distribution as box plot, we can see that the median, Q2 is much closer to the third quartile, Q3, Than it is to the first quartile, Q1. Hence, we have a left skew or a negatively skewed distribution.
291. Much of the hope for continued improvement of the economy lies in the projection of increasing consumer spending this year. . A. projection of increasing consumer spending B. projection of consumers increasing spending for C. projected consumer spending increase 37 D. consumer spending that is projected to increase E. increase in consumer spending that is projected for
Answer:
The correct answer is E:
Much of the hope for continued improvement of the economy lies in the increase in consumer spending that is projected for.
Explanation:
i. Much of the hope (this is the main Subject of the conversation)
ii. for continued improvement (this is the Prepositional phrase. It modifies the noun “hope”)
iii. of the economy (this is a Prepositional phrase – it modifies the noun “improvement”)
iv. lies in the projection (This is the main Verb – “lies”)
v. of increasing consumer spending this year. (This is the prepositional phrase. It modifies the noun “projection”)
At first glance, it would appear that the positive experience that is anticipated is the projection.
A projection (unqualified) in this case is an estimate of how a thing will be in the future.
Having stated this, we see that it is more logical to hope for a positive experience that will occur than to just hope. Hence the hope is really in the increase in consumer spending not in the projection as a separate word.
(E) therefore is the Correct option because in this option that in this option “that” modifies “increase”.
Cheers
steps to follow when doing production process
Answer:
Development
Pre-production
Production
Post-production
Distribution
DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units January 10,440 March 5,190 February 8,240 April 4,120 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,500 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month’s production requirements. Prepare a direct materials purchases budget by month for the first quarter.
Answer:
DeWitt Industries
Materials Purchase Budget for the first quarter:
January February March
Ending inventory 1,648 1,038 824
Production
requirements 31,320 24,720 15,570
Beginning inventory 9,500 1,648 1,038
Purchases (pounds) 21,820 23,072 14,532
Explanation:
a) Data and Calculations:
Production Budget
Month Units
January 10,440
February 8,240
March 5,190
April 4,120
January February March April
Production Units 10,440 8,240 5,190 4,120
Production
requirements 31,320 24,720 15,570 12,360
Materials Purchase Budget
January February March April
Ending inventory 1,648 1,038 824
Production
requirements 31,320 24,720 15,570 12,360
Beginning inventory 9,500 1,648 1,038 824
Purchases (pounds) 21,820 23,072 14,532 11,536
Identify a true statement about succession planning. Group of answer choices Long-term succession planning should exclusively include the CEO and top-level executives. Looking both internally and externally for potential candidates should be avoided during succession planning. It discourages the practice of making status-blind employment decisions. It provides career opportunities and plans for individuals, which helps retention and performance.
Answer:
It provides career opportunities and plans for individuals, which helps retention and performance.
Explanation:
Given that succession planning is the planning technique that involves the turning over of a firm's leadership roles, which is usually the owner of a firm or business to one or more employees such that the businesses keep running smoothly even after the firm's pioneers have long gone.
Some of the factors to consider when developing succession plans are
1. Internal candidates.
2. Candidate development.
3. Multiple candidates.
4. Diversity.
5. Team approach.
6. Middle management of the firm
7. Retention
Hence, the true statement about succession planning is that "it provides career opportunities and plans for individuals, which helps retention and performance."
Absolute advantage is the ability of an individual, firm, or country to produce: A. a certain good at a lower opportunity cost than other producers. B. more of a certain good than other competing producers, given the same number of resources. C. more of a certain good than other competing producers, given more resources. D. a certain good at a lower total cost than other producers.
Answer:
D
Explanation:
Absolute advantage is the ability of an individual, firm, or country to produce B. more of a certain good than other competing producers, given the same number of resources.
The term "absolute advantage" refers to the 'authority or power of an individual, firm, or country to do any economic activity that is more efficient than others. In other words, it is when a particular business is given the opportunity to produce goods more efficiently than others.
In economics, there are two types of advantages- absolute and comparative advantage. Absolute is where an individual firm, company, etc. is given the right to produce a better goods with a lesser labor force. On the other hand, comparative advantage is where the production cost is taken into consideration. This means that an individual firms or nation may be subjected to lower opportunity costs as compared to other producers.The economic concept where production rights are given more to a particular firm or nation or even an individual is referred to as absolute advantage. Thus, the correct answer is option B.
Learn more about absolute advantage here:
brainly.com/question/23601678
HELP PLS
A construction company in a small town needs to hire workers to build a new community center. There are only 4 people in town who are qualified to work:
- Klara works full-time at the local gas station, earning $8.99 per hour
- Henry works full-time as an administrative assistant at the town hall, earning $19.99 per hour
- Alex works four hours a day mowing lawns, earning $11.99 per hour, and another four hours a day cleaning houses, earning $17.99 per hour
- Melody works full-time at a bank in the next town earning $22.99 per hour
What hourly wage must the construction company offer to get enough workers to fill 30 hours per day? Assume your answer is in dollars per hour and enter a numeric value only.
Answer:
$23
Explanation:
Disintermediation involves ______. Multiple choice question. professionally managed and centrally coordinated channels designed to achieve economies and maximize impact one firm's marketing channel being used to sell another firm's products a contractual arrangement between a parent company and another entity that is allowed to operate a business under an established name a channel member bypassing another member to sell or buy product directly
Answer:
a channel member bypassing another member to sell or buy product directly.
Explanation:
A marketing channel can be defined as the process of developing marketing techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers. There are four (4) main types of marketing channels;
1. Direct selling.
2. Dual distribution.
3. Reverse channel.
4. Sales through intermediaries.
The marketing intermediaries consist of retailers, wholesalers, agents or brokers, franchises, and distributors or dealers in the supply of goods and services to the customers.
The three (3) main functions of the intermediaries includes;
I. Logistical function: it involves assortment, sorting, storing and transportation of goods.
II. Transactional function: it involves an intermediary buying, selling and taking risks with respect to goods and services.
III. Facilitating function: it involves financing, marketing, grading and conducting research on a product or service.
Disintermediation can be defined as a strategic process which typically involves cutting out or isolating one or more intermediary (middleman) such as retailers, wholesalers, banks, agents (brokers), franchises, distributors (dealers) and other third parties from a supply chain, decision-making process, or business transactions.
This ultimately implies that, disintermediation involves a channel member bypassing another member to sell or buy product directly.
A plaintiff sued a chimney sweeping company for personal injury and property damages resulting from an explosion in her chimney the evening after the company had cleaned it. The explosion, which occurred when the plaintiff lit a fire in the fireplace, caused minor damage to the chimney, roof, and to the plaintiff, who was hit by falling bricks. As evidence that she assumed the risk of injury, the company offers to have its foreman testify that he had told the plaintiff not to use the fireplace for 24 hours to allow certain chemicals to evaporate. Is the foreman's proposed testimony hearsay
Answer:
No, because the statement is not offered for its truth.
Explanation:
Hearsay is defined as a statement that is aimed at proving the truth of a matter.
So if a person makes a statement not aimed at proving the truth of a matter it is not hearsay.
In the given scenario the company offers to have its foreman testify that he had told the plaintiff not to use the fireplace for 24 hours to allow certain chemicals to evaporate.
This statement is offered as a way to test the knowledge of the plaintiff. To see if he was aware of the danger of in the space of 24 hours.
That statement was not issued as a way of showing that it was dangerous for the plaintiff to light a fire, only to test his knowledge. So it is not hearsay.
List five materials for packaging with two example of product used
Answer:
Paper/Paperboard/Fiberboard.
HDPE/PET/Rigid Packaging.
LDP/LLDPE/Flexible Packaging.
Aluminum Packaging.
Glass/Jars.
which statement best illustrates the relationship between three different elements of the circular flow of products
Answer:
C. Businesses create goods for product markets, which sell them directly to households.
Explanation:
Circular flow model is an economic model that is used by economists to show or demonstrate how money, goods and services move from one economic agent to another such as producer, workers, wholesaler, retailer and consumers (households).
Basically, the three (3) elements of the circular flow model of products are;
I. Business firms (producers).
II. Product market (wholesalers and retailers).
III. Households (consumers).
According to the circular flow model of products, businesses play a role in the circular flow of products (goods) by creating goods that households or consumers want to buy. These goods are produced to meet the needs or wants of customers (households) and as such making them willing to buy it.
This ultimately implies that, the cardinal point or reason for which businesses engage in the manufacturing of goods and services is to supply the product markets, which sells them to consumers in order to meet their demands.
In conclusion, the statement which best illustrates the relationship between the three (3) different elements of the circular flow of products is that, businesses create goods for product markets, which sell them directly to households.
Answer:
resource markets sell materials sell materials to businesses which use them to make goods sold to households
Explanation:
I just took the test
All of the following are examples of body language except:
Answer:
using humor to describe a situation
Answer:
I would go with b. using humor to describe a situation
Explanation:
Using humor is basically trying to accentuating your point/situation,so that's excluded.
I hope this helps
Managers should not become complacent about efficiency-based cost advantages because: a. both learning effects and economics of scale go on forever. b. the experience curve will bottom out at some point. c. cost advantages gained from experience effects are not affected by the development of new technologies. d. unit costs keep reducing as output increases. e. the experience curve steadily rises after a certain threshold is reached, indicating an increase in unit costs.
Answer:
b. the experience curve will bottom out at some point.
Explanation:
In the case when the manager could not become complacent regarding the advantage of efficiency based cost so here the experience curve should be end up at some point of time as the experience curve shows the relationship between the production quantity in cumulative one with the production cost
Therefore the option b is correct
The profit earned from the sale of stock that has increased in value is known as
Question 4 options:
A: a stock exchange.
B: speculation.
C: a capital gain.
D: a dividend.
Answer:
a capital gain . that is c
Use the following to answer question 10: Presented below is information related to ABC Corporation: Common Stock, $1 par Paid-in Capital in Excess of Par—Common Stock Preferred 8 1/2% Stock, $50 par Paid-in Capital in Excess of Par—Preferred Stock Retained Earnings Treasury Common Stock (at cost) $3,500,000 550,000 2,000,000 400,000 1,500,000 150,000 10. The total stockholders' equity of ABC Corporation is
Answer:
Explanation:
Calculation to determine what The total stockholders' equity of ABC Corporation is
Using this formula
Total stockholders' equity
=Common Stock+Paid-in Capital in Excess of Par—Preferred Stock + Paid-in Capital in Excess of Par—Common Stock + Preferred Stock, + Retained Earnings -Treasury Common Stock (at cost)
Let plug in the formula
Total stockholders' equity=$3,500,000 + 400,000 + $550,000 + $2,000,000 + $1,500,000 - $150,000
Total stockholders' equity= $7,800,000
Therefore The total stockholders' equity of ABC Corporation is $7,800,000
Consider industries X and Y. Industry X has total revenue of $100 million and total costs of $77 million. Industry Y has total revenue of $80 million and total costs of $40 million. We should expect that:
A. resources will move from Industry Y to Industry X.
B. prices are higher in Industry X.
C. labor and capital will move from Industry X to Industry Y.
D. firms in both industries will shut down operations.
Answer:
C
Explanation:
Profit = total revenue - total cost
Industry X : profit = $100 million - $77 million = $23 million
Industry Y : profit = $80 million - 40 million = $40 million.
Industry Y is more profitable than industry X, thus, there would be a move of resources from Industry X to Industry Y.
Honi is not a resident of Iowa although her website can be accessed by residents of that state. Jean files a suit against Honi in an Iowa state court. The court is most likely to have jurisdiction over Honi if Jean's claim arises from Group of answer choices the Internet's capacity to bypass boundaries. minimum contacts between Honi and any Iowa resident. substantial business between Jean and Honi through Honi's website. passive advertising on Honi's website.
Answer:
substantial business between Jean and Honi through Honi's website.
Explanation:
Jurisdiction of a court is the limit of its authority in in various proceedings such as cases, appeals, suits, and so on.
Normally state courts have jurisdiction when transactions occurred physically within the state.
However in this scenario where Honi's website can be accessed by residents of that state, a suit can be brought against her if there is substantial business between Jean and Honi through Honi's website.
positive factors of bangladesh trading with united states
Answer: Increased revenues, benefitting from currency exchange
Explanation:
There benefits doing international trade. One of the the things that helps the economy of a nation is how well it does trade it's resources to other nations. Some of the benefits of Bangladesh trading with united states is that it increase the revenue of Bangladesh, and improves if the trade are more. Secondly, they benefit from the currency exchange rates. The United States has one of the best rates when we talk of currencies, and those trading with them will improve their local currencies too.
Draw a market supply and demand curve representing a state with no restrictions on who can conduct the real estate closing transaction.
Answer:
attached below
Explanation:
Supply and demand curves are used to represent the relationship between the two main forces of the open market ( demand and supply )
with no restriction on who can conduct real estate closing transaction, when the demand curve shifts to the right there will be no change with the supply curve. but the price will move from P1 to P2 and quantity will move from Q1 to Q2.
What is the new law the American government enacted for promoting small businesses in the country?
O The Small Businesses Act of 1954.
O The Small Businesses Act of 1953.
O The Small Businesses Act of 1955.
O The Small Businesses Act of 1958.
Answer:
The Small Businesses Act of 1953.
Explanation:
In the United States of America, majority of the competitive landscape or business environment is made up of small business enterprise.
The Small Business Administration (SBA) is an agency of the federal government that is saddled with the responsibility of providing both managerial and financial assistance to small businesses in the United States of America.
The Small Businesses Act of 1953 was enacted as an Act of Congress on the 30th of July, 1953 by the Congress of the United States of America to create the Small Business Administration (SBA).
Hence, SBA was established in 1953 as an autonomous (independent) agency of the government of the United States of America to aid, counsel, assist and protect American entrepreneurs and to preserve small business institutions.
Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.
The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, so as to provide them with the necessary funds required to plan, start and grow their business.
Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America.
In conclusion, the Small Businesses Act of 1953 was the new law the American government enacted for promoting small businesses in the country.
