Answer:
c
Explanation:
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
Economic cost is accounting profit less implicit cost
Accounting profit= total revenue - explicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Externalities may prevent competitive markets from operating efficiently because A. consumers may buy goods in the black market. B. market prices may reflect the activities of consumers or producers on others. C. the market may goods that generate externalities on others. D. the market may goods that generate externalities on others. E. producers may sell goods outside of the market.
Answer:
D. the market may oversupply goods that generate negative externalities on others.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, radio, table, etc.
In Economics, an externality could either be positive or negative depending on its effect on a third party.
A positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.
On the other hand, a negative externality arises when the production or consumption of a finished product or service has a negative effect and/or impact (cost) on a third party.
This ultimately implies that, an externality is typically an unwarranted cost or benefit by a manufacturer or producer of goods and services that eventually affects a third party.
On a related note, externalities may prevent competitive markets from operating efficiently because the market may oversupply goods that generate negative externalities on others. Some examples of a negative externality is John declining to buy his favorite candy due to an increase in its price, a manufacturing plant that causes noise and pollution to the people living around where it is situated, etc.
In 1910, the price of a Model T Ford was $950. By 1917, the average price for the same car was $360. In 1910, fewer than 19,000 Model T's were sold. In 1917, over 730,000 were sold. What conclusion can you draw from this information?: (A)The cost of living must have gone down between 1910 and 1917. (B)Henry Ford was making less money in 1917 than he was in 1910 (C)It cost the Ford Motor Company less to produce a Model T in 1917 than it did in 1910. (D)There is no relationship between the price of the Model T's and the number sold.
The conclusion that can be reached is that (C)It cost the Ford Motor Company less to produce a Model T in 1917 than it did in 1910.
The price of a good or service is usually directly proportional to its cost. This means that if something was costly to produce or to provide, the price that the company providing will charge will be high as well.
The reason for this is that the company needs to make a profit so they charge a higher price than the cost in order to make back the cost and some profit. This is called cost plus pricing.
In 1910, the Model T Ford cost $950 but in 1917 the same car cost $360. This means that the cost must have been less in 1917 than it was in 1910 which was why the Ford company was able to charge less for it.
The correct answer is therefore C.
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Answer:
option c is the correct answer
i think this helps u
Short Answer Questions What is a public enterprise? Explain the main features of public enterprises. 1.
Answer:
A business organization wholly or party owned by the state and controlled through a public authority is called public Enterprise.
Government ownership and control,main motive of service,autonomy,continuity is one feature of public Enterprise.
Angie needs a new dishwasher. She saw a great sale on the model she wanted and went down to her local appliance store. When she got there, the store owner said that they no longer had that dishwasher, but they would be happy to sell her a different model at a higher price. Why might the Federal Trade Commission be willing to look into this?
A.
It is false advertising.
B.
It is creating an invalid debt.
C.
It is preventing fair competition.
D.
It is an improper debt collection.
Answer:
A. It is false advertising.
Explanation:
Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers.
The Federal Trade Commission (FTC) is an agency of the government of the United States of America saddled with the responsibility of promoting consumer protection and the enforcement of all civil antitrust laws.
Basically, the laws formulated or established by the FTC are to provide protection for consumers of various goods and services while requiring that businesses do not make false claims about them.
Furthermore, the consumer protection laws enforceable by the Federal Trade Commission (FTC) guarantees truthful information in the marketplace at all times. This is achieved by requiring that business firms only make claims about their products and services that can be proven.
In this scenario, the Federal Trade Commission might be willing to look into this issue (advert of the dishwasher model) because it is false advertising.
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
Which of the following can a grocery store change in the long run?
A. the number of shelves, employees, and parking spaces in the parking lot
B. the type of grocery carts, magazine racks, and produce displays
C. the store location, sign on the storefront, and advertising on the media
D. all of the above
Answer:
I believe all of the above
Explanation:
went with what came to mind if its wrong very sorry.
A grocery store change, in the long run, is all of the above. Thus the correct option is D.
What is the importance of change?In order to remain in competition an organization needs to work on bringing change and innovation in the process as well as a product that helps them in achieving higher revenue by following trends and preferences.
If an organization adopts change frequently it shows its flexibility to cope with the demands of the market in order to meet the level of satisfaction of customers.
A grocery store that is planning to grow may eventually affect the number of shelves, staff, and parking places in the lot which helps in better services to their customers.
The design of the fruit displays, magazine racks, and grocery trolleys as well as the store's location, storefront sign, and media advertising can all help to increase sales and draw in more customers.
Therefore, option D is appropriate.
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n a bicycle race with a $5,000 prize for the winner, a cyclist was leading by a significant margin. A spectator at the race was married to the second place rider. Sensing that her husband would not win unless she took action, the spectator drove to a point two miles ahead on the course, scattered several nails in the middle of the course, and then left the area. Soon thereafter, the cyclist approached the area and noticed the nails. He attempted to swerve around the obstruction but a nail punctured his tire. He fell off his bike, suffered significant physical injuries, and was unable to complete the race. If the cyclist sues the spectator, under what theory is the cyclist least likely to recover maximum punitive damages
Answer: intentional infliction of emotional distress.
Explanation:
In order for an individual to be able to make a claim of intentional infliction of emotional distress, it is required that the plaintiff must prove that the defendant intentionally acted recklessly or caused emotional distress to the person. In this case, there no evidence that an emotional distress was suffered.
Therefore, the theory that the cyclist is least likely to recover maximum punitive damages is intentional infliction of emotional distress.
Which school faculty member should you talk to about enrolling in an AP
course?
Answer: The guidance counselor
Explanation:
Social worker is someone who helps people cope with the challenges tahtnthwy face in their lives. Social workers work with people who have addiction issues, people with disabilities, children etc.
A paraprofessional refers to someone who's specially trained to support students in school. Such oeeosn can be a teaching assistant, special education paraprofessional etc.
A registrar is the keeper of records in an educational institution whinis charged with the responsibility of registering students, and keeping their academic records.
The guidance counselor is a professional who provides career, academic, and social-emotional competencies to the students in a schoool through counseling. Such person is the faculty member smtaht you should talk to about enrolling in an AP.
course?
identify five business functions that are applicable to the scenario above.Motivate your answer by quoting from the scenario
Answer:
heheheheheheheheheheheheheheheheheheheheheheheheheheheheeheheheheheheehehehehehe.
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.
For the year ended December 31, 2021, Norstar Industries reported net income of $965,000. At January 1, 2021, the company had 1,070,000 common shares outstanding. The following changes in the number of shares occurred during 2021: Apr. 30 Sold 85,000 shares in a public offering.May 24 Declared and distributed a 5% stock dividend.June 1 Issued 96,000 shares as part of the consideration for the purchase of assets from a subsidiary.Required:Compute Norstar's earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Round "EPS" answer to 2 decimal places. Do not round intermediate calculations.) Numerator = ? Denominator = ?Earnings per share = ?
Answer:
0.78
Explanation:
The computation of the earning per share is given below;
= $965,000 ÷ 1,239,000
= 0.78
The 1,239,000 comes from
= 1,070,000 × 12 ÷ 12 + 85000 × 8 ÷ 12 + 96,000 × 7 ÷ 12 + (1,070,000 + 56,667) × 5%
= 1,070,000 + 56,667 + 56,000 + 56,333
= 1,239,000
logical fallacy Well, what form of government do you want, a government by liberal do-gooders ready to spend your hard-earned dollars or a government led by business minds that understand how to live within a tight budget and generate jobs that put people to work. Group of answer choices
Answer:
i don´t nou sorry
Explanation:
President Hoover's approach to the Great Depression was to a leave the economy alone to work itself out of trouble. b nationalize major industries. c encourage the states to stimulate spending. d work for the breakup of business monopolies. e offer federal assistance to businesses and banks but not individuals.
Answer:
e. offer federal assistance to businesses and banks but not individuals.
Explanation:
Herbert Clark Hoover was democratically elected as the 31st President of the United States of America and he served from the 4th of March, 1929 to the 4th, March, 1933.
The Great Depression was a period of severe economic meltdown or downturn (crisis) of the industrialized world and it started from the United States of America, typically lasting for about ten years (1929-139).
Basically, the Great Depression started in America on the 4th of September, 1929 as a result of a major fall in the prices of stocks and consequently, leading to a stock market crash on the 29th of October, 1929.
Hence, the negative effects of the Great Depression includes a decline in investments, tax revenues, market price, personal income level, consumer spending, profits and a general rise in unemployment rate.
As a result of the aforementioned negative effects, struggling businesses had to lay off workers in order to try to remain open during the Great Depression.
However, President Hoover's approach to the Great Depression was to offer federal assistance to businesses and banks but not individuals.
What is the basis of the law of demand?
Group of answer choices
Self-interested behavior
Marginal utility
Utility curves
Market timing
market timing
Explanation:
because that way u wont miss customers
An increase in the wage rate causes Group of answer choices a decrease in the quantity of labor demanded. an increase in labor's marginal productivity. a leftward shift of the firm's labor demand curve. a rightward shift of the firm's labor demand curve.
Answer:
a decrease in the quantity of labour demanded.
Explanation:
Changes in wage rate leads to changes in the quantity of labour demanded and not a change in demand.
Changes in the quantity of labour demanded leads to a movement along the demand curve for labour and not a shift of the demand curve.
The quantity demanded of labour is inversely related to the wage rate.
An increase in the wage rate increases the cost of employing labour. As a result, the quantity demanded of labour falls
On the other hand, a decrease in the wage rate reduces the cost of employing labour. As a result, the quantity demanded of labour increases
"According to new growth theory, ______. A. prosperity will last but growth will not last because eventually the real interest rate falls, which slows the capital accumulation needed for growth B. growth can persist indefinitely C. growth rates and income levels per person around the globe will converge D. labor productivity grows most quickly in countries with the largest populations"
Answer:
argues
Explanation:
According to new growth theory option B. growth can persist indefinitely.
What is growth theory?Growth theory is an economic framework that aims to explain the factors and mechanisms driving economic growth and development over time.
It seeks to understand why some economies experience sustained increases in their output (GDP), while others do not. Growth theory examines the role of various factors such as technological progress, human capital accumulation, capital investment, innovation, and institutions in driving long-term economic growth.
It provides insights into how economies can achieve higher standards of living and improve the well-being of their populations.
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Lifelong Learning: Mastery Test
4
Select the correct answer.
Why do many organizations encourage their employees to be lifelong learners?
O A employees will be more able to handle increasing responsibilities
OB. employees will be more likely to follow company policies
OC employees will be more likely to remain loyal to the company
OD. employees will be more likely to interact well with each other
Reset
Next
Answer: A. employees will be more able to handle increasing responsibilities.
Explanation:
Lifelong learning refers to the ongoing pursuit of knowledge for personal or professional reasons. When a person is a lifelong learner, such person has a growth mindset and pushes himself or herself to find new ideas to solve challenges.
Several organizations encourage their employees to be lifelong learners in order for such employees to be able to handle increasing responsibilities. Some organizations send their employees to study some courses which will help in their growth and development and also to be able to handle certain responsibilities.
Which of the following is a correct statement regarding the standard unmodified opinion audit report? Group of answer choices The auditor's responsibility paragraph includes a statement that the auditors are responsible for selecting the appropriate accounting principles. The format of the audit report for public and nonpublic entities are identical. The audit report includes the name of the lead partner on the audit. The auditor's responsibilities paragraph includes a statement that the auditor considers internal controls when designing the audit procedures performed.
Answer:
The auditor's responsibilities paragraph includes a statement that the auditor considers internal controls when designing the audit procedures performed.
Explanation:
Standard-Unmodified Opinion Audit Report
This form of Standard is simply known as the uniform wording ofte used in audit reports while Unmodified opinion simply means that the auditor's opinion about the financial statements contains no material exceptions or qualifications. Standard Unmodified Opinion Audit Report is virtually needed by private Company.
Auditor's Responsibility
The responsibility of an auditor is to express an opinion on financial statements based on audits made. Audits conducted in accordance with auditing standards is generally accepted in the United States of America. Those standards require that auditor plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.
The conditions for Standard Unmodified Opinion Audit Report includes;
1. All financial statements inclusive
2. Sufficient appropriate evidence accumulated
3. Financial statements are presented fairly in accordance with GAAP or other framework etc.
Karen has been asked to head a team at work that is charged with finding new ways to develop products for their marketing group. She has asked her team members to begin exploring approaches that have worked in the past and to identify approaches that have not worked before. Karen wants her team members to start the process of Group of answer choices
Answer:
C. adopting a questioning attitude.
Explanation:
Since in the question it is mentioned that they have to develop the products for the marketing group so for this they started to exploring the approaches that worked on the past and identified those approaches that does not worked before so here she wants that the process should be begins by adopting the questioning attitude that means they are capable to identify the errors facing in a activities they perfomed
Therefore the option c is correct
account question ❓❓❓
Answer:
1000
Explanation:
100×100+0-9000
61037t7563
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
Rivalry among competing sellers is generally more intense when Group of answer choices industry conditions tempt competitors to use price cuts or other competitive weapons to boost unit volume. barriers to entry are high and buyer switching costs are high. barriers to entry are moderately high and the pool of likely entry candidates is small. buyer demand is growing rapidly. the industry's driving forces are strong and rivals have strongly differentiated products.
Answer:
industry conditions tempt competitors to use price cuts or other competitive weapons to boost unit volume.
Explanation:
Rivalry refers to the competitions that take place among firms in an industry with the aim of capturing greater market share
rivalry is influenced by :
1. barriers to entry :
If barriers to entry is high, there would be few firms competing for customers, so there would less intense rivalry
2. differentiation of goods in the industry :
If goods are differentiated, goods are unique from that of competitors. so there would be less need for intense rivalry
What is one main objective in the study of economics?
RE
recognizing the types of services available to everyone
O recognizing the relationship between producers and consumers
O recognizing the reasons why consumers supply services
O recognizing the difference between producers and consumers
Answer:
O Recognizing the relationship between producers and consumers.
Explanation:
Economics is the study of how resources are used by people to produce goods and provide services. This branch of study focuses on the production, distribution, and consumption of goods and services.
While the study of economics can be classed into macroeconomics and microeconomics, one of the main objectives of this study is to determine the relationship between producers and consumers. The focus is on the way people respond to the availability and use of the resources.
Thus, the correct answer is the second option.
A good manager: A. gives advice freely and frequently. B. is more result-oriented than relationship-oriented. C. has a judger mind-set and low self-awareness. D. schedules time for listening to employees each day. E. believes that listening too much is a sign of indecisiveness.
Answer:
B.
Explanation:
If you're asking a good manager that keeps the busniess running the answer is B because he would get the best money results.
If you mean the best manager because CO-workers like him the answer is A, but I don't think that's what you're asking so the answer is most likely B.
IF THE ANSWER IS SELECT ALL THAT APPLY,
-A
-B
-D
Higher uncertainty of losses forces property-casualty firms to _________. A. invest in more short-term assets than life insurance firms. B. invest in more long-term assets than life insurance firms. C. hold a lower percentage of capital and reserves than life insurance firms. D. invest in riskier equity securities than life insurance firms. E. conduct more separate accounts business than life insurance firms.
A client has a third-degree burn on the leg. The wound is being treated by the open method. After about 4 days, a hard crust has formed around the leg and is impairing the circulation to the leg. What procedure would be done to relieve pressure on the affected area?
A. escharotomy
B. debridement
C. allograft
D. silvadene application
your answer is third hope it's helpful to you
Allograft procedure would be done to relieve pressure on the affected area.
What is Allograft?Allograft refers to the transplant of an organ or tissue from one person of the same species to another with a different genotype. For instance, an allograft is a transplant from one individual to another who is not an identical twin. Many human transplants, including those involving cadaveric, live related, and living unrelated donors, use allografts. also referred to as a homograft or an allogeneic graft.
Allografts can be used in a variety of conditions with varied degrees of severity. For instance, bone allograft transplants can be utilized for more cosmetic purposes in dentistry or plastic surgery, as well as to repair limbs in orthopedics.
Allograft transplants can be employed both during the operation and directly for the treatment of patients. A type of bone putty created from donated bone or tissue material is called a demineralized bone matrix. Musculoskeletal allograft transplants are the most popular kind of allograft transplants.
This relates to one of the primary justifications for the use of allograft transplants: synthetic materials can have characteristics that differ from those of biologically human tissue and may not be appropriate for the intended application. In addition, tissue from an allograft transplant usually fuses with the recipient's own tissue over time, becoming an indistinguishable component of the recipient's body. If one's own tissue cannot be used in sufficient quantities, allograft transplants may be employed.
Tissues can be prepared for allograft transplantation using a variety of techniques. To get rid of as many cellular components as feasible, the tissue is treated with antibiotics, and detergents during aseptic processing.
It is also possible to chemically sterilize allograft tissue using the sterilization process. Gamma irradiation, a type of electromagnetic radiation that purges the tissue of microorganisms, is frequently combined with this. However, viruses might not be eliminated by gamma radiation.
Hence, correct option is C.
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True or false: Regulations prohibit insider trading. It is illegal for anyone to transact in securities to profit from inside information, that is, private information held by officers, directors, or major stockholders that has not yet been divulged to the public. True false question. True False
Answer:
the answer for this would be true
Thomas and stephani are married with four qualifying children. Their earned income is 28500. Calculate the eic using the eic formula
Answer:
$6,557.
Explanation:
Following the eic formula, The eic of Thomas and Stephani filling as jointly married with over 3 children and an income < $55952 is = $6,557.
using the eic formula
= $6557
The Rybczynski theorem asserts that in a two-good world, and assuming that product prices stay constant, growth in the endowment of one factor of production, with the other factor unchanged, will lead to:
A. An equal percentage increase in the output of both goods.
B. An increase in the output of the good that uses the growing factor intensively and a decrease in the output of the other good.
C. An increase in the output of both goods but a greater percentage increase in the output of the good that uses the growing factor intensively.
D. An increase in the output of the good that uses the growing factor intensively and no change in the output of the other good.
Answer:
The answer is "Option b".
Explanation:
The theorem of Rybczynski affirms that certain expansion in the endowments of one factor of manufacturing throughout the two-good economy, with other unchanged factors, which would be the result in increased output for the product that employs the increasing factor as well as a drop throughout the output of the other good.
The Texas Department of Education has offices throughout the state covering more than 268,000 square miles. State
documents are stored on a large server in a central location, so that employees can access the data they need
regardless of their physical location. The type of network used by the organization is most likely a
LAN
MAN
WAN
Answer:
Wide area network (WAN)
Explanation:
A local area network (LAN) refers to a group of personal computers (PCs) or terminals that are located within the same general area and connected by a common network cable (communication circuit), so that they can exchange information from one node of the network to another. A local area network (LAN) is typically used in small or limited areas such as a set of rooms, a single building, school, hospital, or a set of well-connected buildings. Some of the network devices or equipments used in a local area network (LAN) includes an access point, personal computers, a switch, a router, printer, etc.
On the other hand, a metropolitan area network (MAN) is formed by an aggregation of multiple local area network (LAN) that are interconnected using backbone provided by an internet service provider (ISP). A metropolitan area network (MAN) spans for about 5 kilometers to 50 kilometers in size.
Basically, a metropolitan area network (MAN) spans across a geographic area such as a city and it's larger than a local area network (LAN) but significantly smaller than a wide area network (WAN).
Wide area network (WAN) can be defined as a telecommunication network that covers a wide range of geographical locations such as countries or regions across the world for the purpose of communication and sharing information and data between different users.
Hence, a network that has locations in different countries is considered a wide area network (WAN).
Generally, wide area network (WAN) makes it possible for various organizations to interconnect with their branch offices, headquarters and other multiple locations across the globe. Wide area network (WAN) usually span over a distance of 50 kilometers.
Hence, the type of network used by the organization is most likely a Wide area network (WAN).
