Option That would not be the side effect of unclear roles and responsibilities is tom explains to his manager that irene has been starting to take on aspects of tom's role in meetings, leading the discussion on topics that tom feels are his responsibility. Last option.
What is meant by unclear roles and responsibilities?Roles that are unclear or conflicting at work can cause stress for employees. Lack of clarity in a worker's goals, major tasks, what their coworkers expect of them, and the entire range of their job's duties all contribute to poor role definition.
Perhaps they are completing tasks that others have already listed on their lists. Or maybe they aren't doing the crucial work that they ought to be! Team members lack the ability to evaluate their performance. Uncertainty regarding roles and tasks makes it difficult to know where to concentrate your efforts.
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exchanging unimproved land for a warehouse is a like-kind exchange.
Because both unimproved land and warehouses are real estate, trading one for the other is regarded as a like-kind exchange.
What is a warehouse?Warehouses are utilized by wholesalers, shipping businesses, manufacturers, importers, exporters, customs, etc. They are often large, uncomplicated buildings in industrial parks that are located on the outskirts of cities, towns, or villages. Warehouses frequently have docks for loading and unloading freight from lorries. For the purpose of loading and unloading cargo from trains, ships, and airplanes, warehouses can occasionally be designed expressly. They commonly use cranes and forklifts for moving things, which are frequently placed on ISO standard pallets before being loaded into pallet racks. The term "stored goods" refers to any materials used in manufacturing, production, or agriculture that are used as raw materials, packaging, spare parts, components, or finished goods. In India and Hong Kong, a warehouse is referred to as a "godown."
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true or false: banks keep a portion of their reserves in their own vaults.
Banks keep a portion of their reserves in their own vaults statement is true as asked in the question.
What does the word "bank" mean?Bank, a business that deals with money and its alternatives and offers other services involving money. A bank accepts deposits and disburses loans in its capacity as a financial intermediary.
What are the roles of banks?A bank's job is to collect deposits from the general public and use those deposits as collateral for loans that support the growth of commerce, industry, and agriculture. Bank receives higher interest rates on loans and advances from depositors while paying lower interest rates to depositors on their deposits.
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Which of the following is the approximate internal rate of return for an investment that costs $45,880 and provides a $4,000 annuity for 20 years? A. 11% B. 6% C. 8% D. 10%
Approximate internal rate of return for an investment:
Let Irr be x%
At Irr, present value of inflows=present value of outflows.
45880=4000/1.0x+4000/1.0x^2+................+4000/1.0x^20
Hence x=irr=6%(Approx).
Investments are financial commitments made to acquire assets in the hopes that their value would rise over time. Investment necessitates the loss of a current resource, such as time, money, or effort.
In the world of finance, investment is done in order to profit from the asset being put to use. A gain (profit) or loss realized through the sale of a home or investment, unrealized capital gain (or loss), investment income like dividends, interest, or rental income, or a mix of capital gain and income may all be included in the return. The return may also include foreign exchange profits or losses as a result of shifting exchange rates.
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Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Service revenue Variable expenses Controllable fixed expenses Fixed expenses controllable by others Metro $1,150,000 190,000 410,000 220,000 Suburban $950,000 140,000 330,000 190,000 Outlying $550,000 90,000 160,000 80,000 In addition to the expenses listed above, the company has $145,000 of common fixed expenses. Income-tax expense for the year is $345,000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc.
The preparation of the segmented income statement for Countywide Cable Services, Inc. is as follows:
Countywide Cable Services, Inc.
Segmented Income StatementFor the year ended December 31
Metro Suburban Outlying Total
Service revenue $1,150,000 $950,000 $550,000 $2,650,000
Variable expenses 190,000 140,000 90,000 420,000
Fixed Expenses:
Controllable 410,000 330,000 160,000 900,000
Controllable by others 220,000 190,000 80,000 490,000
Common fixed expenses 145,000
Total expenses $820,000 $660,000 $330,000 $1,955,000
Net operating income $330,000 $290,000 $220,000 $695,000
Income-tax expenses $345,000
Net income $350,000
What is a segmented income statement?A segmented income statement is the breakdown of the income statement into various segments.
Some of the business segments include:
Product lineLocationDepartmentSalespersonTerritory.Thus, preparing a segmented income statement enables management to monitor the performances of business units, understudy underperforming segments, and marshal improvement strategies.
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which of these contracts would be enforceable, despite the existence of a mistake? choose 2 answer choices.
The two contracts are Christopher agrees to sell his washer and dryer to Ella in "as is" condition. Ella thinks the set is in excellent condition and takes a chance on buying it. Neither works after a few weeks of use and Christopher agrees to sell his washer and dryer to Ella. Ella thinks the dryer uses gas instead of electricity, but she is incorrect.
What are contracts?Contracts are an agreement between parties, creating mutual obligations that are enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
In some states, elements of consideration can be satisfied by a valid substitute.
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which of the following requires the skills of the central executive? group of answer choices sensory memory episodic buffering divided attention haptic memory
A divided attention is the scenario that requires the skills of the central executive. The Option D is correct.
What is the Central Executive System about?In memory, the Central Executive System allocates resources to two independent subsystems, the articulatory or phonological loop and the visuospatial sketchpad for verbal and visuospatial information.
In essence, the central executive is one of the most important component of the model, even though little is known about how it functions. This part is responsible for monitoring and coordinating the operation of the slave systems (i.e., visuospatial sketchpad and phonological loop) and relates them to long term memory (LTM).
Its decides which information is attended to and which parts of the working memory to send that information to be dealt with. For instance, when two activities sometimes come into conflict, such as driving a car and talking.
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this is used to compare the cost accounts between organizational units and deliverables.
Comparing the cost accounts for organizational units and deliverables uses direct labor budget rollup.
What is the budget for direct labor?A direct labor budget establishes the total amount of labor hours required to create the units specified in the production budget. In addition to identifying the labor, complex labor budgets take this a step further.
Direct labor is generally regarded as including both regular working hours and overtime. Along with that, it pays for linked payroll taxes and expenses including Social Security, Medicare, Unemployment Insurance, & Worker's Compensation Insurance.
In what way do you account for direct labor?The direct labor costs are calculated by multiplying the total number of hours worked by the hourly rate of each employee. Every direct labor employee's gross pay is computed at the end of the pay period and added to the other employees' gross pay.
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Question 5 2 pts The fundamental premise of Equity theory is: A.people believe they perform better than others B.the attempt to pay individuals more equallyC.people want more rewards than others D.that people continuously monitor the degree to which their work environment is fair E.people inherently believe they are under-compensated
The fundamental premise of Equity theory is: .that people continuously monitor the degree to which their work environment is fair. Option D.
What is Equity theory?According to the theory of motivation known as equity, employees' feeling of fairness plays a significant role in what motivates them to do their best at work. Employees keep track of the inputs and outputs of their work in a mental ledger, which they use to assess how their inputs and outputs compare to those of others.
Employees who notice a state of inequity between them and their peers will experience demotivation and distress, in accordance with Adam's Equity Theory of Motivation. An employee might get dissatisfied, for instance, if they are aware that a colleague is receiving a higher income than they are for performing the same amount of labor.
The cornerstone of equity theory is the idea that we should constantly assess how "fair" our workplace is.
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at december 31, the records of nortech corporation provided the following selected and incomplete data: common stock (par $1; no changes during the current year). shares authorized, 500,000. shares issued, ?; issue price $22 per share. common stock account, $200,000. shares held as treasury stock, 3,000 shares, cost $20 per share. net income for the current year, $147,750. dividends declared and paid during the current year, $49,250. retained earnings balance, beginning of the year, $155,000.
The number of shares authorized to Nortech Corporation, is 500, 000 shares.
The shares issued by Nortech Corporation is 200, 000 shares.
The shares outstanding from the shares issued is 197, 000.
How to find the issued shares?The number of shares that were authorized to be issued by Nortech Corporation is shown in the question to be 500, 000 shares. The authorized shares are the amount of shares that a company might have in total, based on their corporate charter.
The number of shares issued is the shares that Nortech Corporation decided to place into the market, from the authorized share capital.
The number of issued shares is:
= Value of common stock account / Par value of stock
= 200, 000 / 1
= 200, 000 shares
The number of shares outstanding is:
= Issued shares - Treasury stock
= 200, 000 - 3, 000
= 197, 000 shares
The rest of the question is:
Find the following figures:
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QUESTION 3/8 You need to estimate how long each task for a new project will take. What should you do first? SELECT ONLY ONE Define staff needed to complete each task Review time spent on similar tasks in previous projects Set deadlines for each task Estimate costs for each task Determine number of hours your staff have available
The first step, if you are to estimate how long each task will take in a new project, is to B. Review time spent on similar tasks in previous projects.
How to estimate time for new project ?If you are embarking on a new project, then there is a need to check how the old projects went as this can give you insight into how to best go about the new project in a more efficient manner.
One of the insights that you can look for in previous projects is how long similar tasks to the new project, took in those projects. This can provide valuable information on the amount of time that a task in the new project will take.
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A correct statement about transaction brokers is that they:a) represent both the buyer and the sellerb) represent neither the buyer nor sellerc) are required to disclose confidential infod) they conduct transactions without an active Real Estate license
A correct statement about transaction brokers is that they:
b) Represent neither the buyer nor seller.
Who is a transaction broker?A transaction broker refers to the third party in a real estate transaction. one notable fact about transaction brokers is the fact that they do not represent the buyer or the seller.
Their only function is to be impartial as they provide useful information that will help the parties reach a reasonable conclusion on the subject matter in question. The transaction broker is a licensed professional and he ensures that the parties stick to the governmental regulations.
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convert each of the following estimates of useful life to a straight-line depreciation rate, stated as a percentage, assuming that the residual value of the fixed asset is to be ignored: (a) 4 years, (b) 8 years, (c) 10 years, (d) 16 years, (e) 25 years, (f) 40 years, (g) 50 years. if required, round your answers to two decimal places. yearspercentage a.4 yearsfill in the blank 1 25 % b.8 yearsfill in the blank 2 12.50 % c.10 yearsfill in the blank 3 10 % d.16 yearsfill in the blank 4 % e.25 yearsfill in the blank 5 4 % f.40 yearsfill in the blank 6 2.50 % g.50 yearsfill in the blank 7 %
Assume initial cost is $100. Then we will get straight-line depreciation rate in percentage directly as:
a. 4 years ? = 100/4 = 25%
How do you calculate straight-line depreciation?The depreciable base of a fixed asset is divided by its useful life to determine straight-line depreciation. The depreciable base is the discrepancy between the total costs of an asset and its anticipated salvage value at the end of its useful life.
In order to determine the asset's straight-line rate, simply subtract the salvage value from the asset's cost to obtain total depreciation, then divide that amount by useful life to obtain annual depreciation. For example: annual depreciation = (purchase price - salvage value) / useful life.
Similarly for others:
b. 8 years ? = 100/8 = 12.5%
c. 10 years ? = 10%
d. 16 years ? = 6.25%
e. 25 years ? = 4%
f. 40 years ? = 2.5%
g. 50 years ? = 2%
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addison company budgets production of 2,440 units during the second quarter. information on its direct labor and its variable and fixed overhead is as follows: direct labor each finished unit requires 3 direct labor hours, at a cost of $9 per hour. variable overhead budgeted at the rate of $11 per direct labor hour. fixed overhead budgeted at $490,000 per quarter. 1. prepare a direct labor budget. 2. prepare a factory overhead budget.
Addison company budgets production of 2,440 units during the second quarter. information on its direct labor and its variable and fixed overhead is as follows: direct labor each finished unit requires 3 direct labor hours, at a cost of $9 per hour. variable overhead budgeted at the rate of $11 per direct labor hour. fixed overhead budgeted at $490,000 per quarter. 1. prepare a direct labor budget. 2. prepare a factory overhead budget.
ADDISON CO
DIRECT LABOR BUDGET
SECOND QUARTER
units to be produced 2440 units
hours required for a unit 3 hours per unit
total hours needed 7320 hours
hourly rate $9 per hour
budgeted direct labor cost $65880
total hours needed=units to be produced*hours required for a unit=2440*3=7320
budgeted direct labor cost=total hours needed*hourly rate=7320*$9=$65880
ADDISON CO
FACTORY OVERHEAD BUDGET
SECOND QUARTER
total hours needed 7320
applied rate of variable overhead per direct labor hour $11
budgeted variable overhead $80520
budgeted fixed overhead $490000
budgeted total overhead $570520
budgeted variable overhead=total hours needed*applied rate of variable overhead per direct labor hour
budgeted variable overhead=7320*$11=$80520
budgeted fixed overhead is $490000
budgeted total overhead=budgeted variable overhead+budgeted fixed overhead=$80520+$490000=$570520
Budgets - A price range is a plan you write all the way down to decide how you may spend your money every month. A finances helps you make certain you'll have sufficient cash each month. with out a budget, you might run out of money before your next paycheck. A finances suggests you: how lots money you make.
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Addison company
Direct labor budget:
units to be produced 2440 units
hours required for a unit 3 hours consistent with unit
overall hours wished 7320 hours
hourly rate of $nine in keeping with the hour
budgeted direct hard work cost $65880
total hours wished=gadgets to be produced*hours required for a unit=2440*3=7320
Manufacturing facility overhead budget
2nd zone
general hours needed 7320
applied price of variable overhead in keeping with direct exertions hour $11
budgeted variable overhead $80520
budgeted fixed overhead of $490000
the budgeted total overhead of $570520
budgeted variable overhead=general hours needed*implemented rate of variable overhead in step with direct exertions hour
budgeted variable overhead=7320*$11=$80520
budgeted constant overhead is $490000
budgeted total overhead=budgeted variable overhead+budgeted fixed overhead=$80520+$490000=$570520
budgeted direct labor fee=general hours wanted*hourly rate=7320*$9=$65880
A budget is a plan we write right down to determine how we spend our cash every month. Finance facilitates us to ensure we will have enough money each month. without finances, we would possibly run out of money before our next paycheck. Finances show how lots cash we make.
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_________________ tend to build extra performance attributes into products, but these attributes may not be demanded by consumers in less developed nations, where preferences are for more basic products.
Generation X and Generation Y consumers
Wholesalers in lengthy supply chains
Firms in highly developed countries
Consumers in highly developed countries
Firms in highly developed countries: tend to build extra performance attributes into products, but these attributes may not be demanded by consumers in less developed nations, where preferences are for more basic products.
A consumer is one who purchases the product for his/her very own want and makes use of or consumes it. A client can not resell the coolest, products or services but can devour them to earn his/her livelihood and self-employment. Definition of the client. The purchaser is the only one who's the end-user of any items or services.
Consumers are people or groups that purchase products or services. The term also refers to hiring goods and offerings. they're people or other financial entities that use a good or carrier. moreover, they do not sell the items that they bought.
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managers typically find the simplest and quickest solution to problems which is usually based on the assumption that a subordinate lacks the training, supervision, or information needed.. True/False
It is false that managers typically find the simplest and quickest solution to problems which is usually based on the assumption that a subordinate lacks the training, supervision, or information needed.
Managers contribute significantly to a company's overall performance. They are in charge of motivating a group of workers to accomplish objectives and meet performance standards. A manager is indeed a qualified someone who leads an organization and oversees a group of personnel. Managers frequently oversee a certain division within their organization.
There are many different kinds of managers, but managers generally have duties including making decisions and conducting performance appraisal. Managers frequently act as a conduit for information between lower-level executives and employees of a company.
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The marginal revenue curve for a monopolist ____________________ the market demand curve.A. always rises aboveB. always lies beneathC. always runs parallelD. always is the same
The marginal revenue curve for a monopolist always lies beneath the market demand curve. Thus, option B is correct.
What is the revenue curve?
The total income multiplied by the number of items being sold gives us the average revenue. The contribution margin often is comparable to the average earnings in a perfect market. This is due to the fact that market pressures as a whole turn every member into a price-taker.
A monopolist's marginal curve of revenue generally sits below the market demand curve. Consider moving one unit below the demand curve to a little greater volume but a somewhat lower price in order to figure out why by increasing the amount down on the demand curve.
Therefore, option B is the correct option.
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The most likely way to retire early with enough money to keep your standard of living is to.
The best chance you have to retire early with sufficient funds to maintain your quality of living is option C. When you are young, invest your money frequently and early.
Is it better to invest now or later in life?Investors have the chance to take on greater risk because they have the time to recoup if something goes wrong. People who start investing later in life are frequently by nature more careful with their financial decisions.
What are the retirement implications of the rule of four?One frequently quoted rule of thumb for retirement expenditures is the 4% rule. It's fairly simple: You add up all of your investments, and then you withdraw 4% of that total during the first year of retirement.
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identify whether each of the following examples belongs in m1 or m2. if an example belongs in both, be sure to check both boxes.
Money serves as a medium of exchange, a store of value, and an accounting unit. Money is valued as M1 and M2 in economics. M1 deals with real coins or currencies that are extremely liquid and can be utilized right away as a medium of trade. M1 and near cash, which includes money market funds, CDs, savings deposits, etc., make up M2, on the other hand.
It belongs to both M1 and M2 because it comprises both cash and the amount that Andrew withdrew from his deposit account. Andrew has a roll of quarters that he just withdrew from the bank to do laundry.In a money market account that belongs to M2 because M2 is made up of money market funds, Darnell has $30,000 in it.Eleanor has a $7,000 two-year certificate deposit that is part of M2 because certificate deposits are a part of the money supply.To know more about Money, refer to this link:
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COMPLETE QUESTION:
Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes. Example M1 M2 Andrew has a roll of quarters that he just withdrew from the bank to do laundry. 0 0 Darnell has $30,000 in a money market account. Eleanor has $7,000 in a two-year certificate of deposit (CD).
an individual firm will not normally have any incentive to internalize external costs because to do so would
Put it at a disadvantage while competing with other producers.
A individual firm will be at a competitive disadvantage if it complies with the requirements on its own unless a government regulation mandates that all businesses in an industry must adhere to the same standards.
What are external costs?
External costs, which include congestion, air pollution, climate change, accidents, noise, expenses for upstream and downstream operations, costs for nature and the environment, and additional costs in urban areas, are costs that are generated by transportation users but are not borne by them directly.
What distinguishes a business from a firm?
A company, which is distinct from a firm and refers to all business forms and trades, is a company that sells goods and/or services for profit. A company has one or more locations, all of which are owned by the same person and file their financial reports using the same EIN.
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match the three forms of product advertisements with the correct description. pioneering pioneering drop zone empty. competitive competitive drop zone empty. reminder reminder drop zone empty. reinforces a consumers previous knowledge of a product tells people what a product is, what it can do, and where it can be found promotes a specific brand's features and benefits
Pioneering - tells people what the product is, what it can do, and where it can be found. Competitive-promotes a specific brand's feature and benefits Reminder-Reinforces a consumer's previous knowledge of a product.
In behavioral psychology, reinforcement is a effect carried out as a way to make stronger an organism's future behavior on every occasion that behavior is preceded through a particular antecedent stimulus. This strengthening effect may be measured as a higher frequency of behavior (e.g., pulling a lever extra frequently), longer period (e.g., pulling a lever for longer durations of time), more importance (e.g., pulling a lever with more force), or shorter latency (e.g., pulling a lever extra quick following the antecedent stimulus).
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Suppose Bitcoin finds wide acceptance as a currency. Which of the following operations would still NOT be possible using Bitcoin?
A. A management consultant maintains a savings account in Bitcoin.
B. A U.S. manufacturer pays its Chinese steel supplier in Bitcoin.
C. A mercantile exchange lists commodity prices in Bitcoin.
D. A college student uses Bitcoin to buy her books on Amazon.
E. A central bank expands the supply of Bitcoin in response to an economic downturn.
The procedure that is still not doable with Bitcoin is A management consultant has a Bitcoin savings account. Option A is correct.
What is the reason behind Bitcoin's lack of widespread acceptance?The value of bitcoin is not steady, therefore it is difficult to use money with an unstable value. As a result, other nations are also waiting a few years before accepting bitcoin as a legitimate financial system. Many individuals are still skeptical of the notion of bitcoin.
A US business pays its Chinese steel supplier with Bitcoin, a commodities market advertises commodity prices in Bitcoin, and so on. A college student purchases books on Amazon using Bitcoin. In reaction to an economic slump, a central bank increases the quantity of Bitcoin.
Therefore, option A is correct.
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Just-in-time inventory assumes all of the following, except
1. Zero defects.
2. Resources will only be introduced as they are needed.
3. Just-in-time inventory presumes first-in, first-out costing.
4. Production of components only occurs only when requested further downstream in the manufacturing cycle.
Just-in-time inventory assumes all of the following, except just-in-time inventory presumes first-in, first-out costing. Hence, option (3) is relevant.
Give a brief account on just-in-time (JIT) inventory system.The just-in-time (JIT) inventory system is a management tactic that immediately connects supplier orders for raw materials with production schedules. By acquiring products only as they are required for the production process, which lowers inventory costs, businesses use this inventory approach to boost productivity and eliminate waste. With this strategy, producers must precisely forecast customer demand.
Efficiency is increased and inventory is reduced using the just-in-time (JIT) inventory system. JIT manufacturing techniques reduce inventory costs since manufacturers obtain the supplies and components they require for production when needed and do not incur storage expenses. If an order is canceled or not completed, manufacturers are also not left with extra inventory.
One example of a JIT inventory system is a car manufacturer that uses low levels of inventory but heavily relies on its supply chain to deliver the parts it needs to construct cars as they are needed. Because of this, the manufacturer only orders the parts needed to assemble the vehicles after receiving an order.
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Lonergan, Inc., a calendar year S corporation in Athens, Georgia, had a balance in AAA of $200,000 and AEP of $110,000 on December 31, 2014. During 2015, Lonergan, Inc., distributes $140,000 to its shareholders, while sustaining an ordinary loss of $120,000. Calculate the balance in Lonergan's AAA and AEP accounts at the end of 2015.
Lonergan, Inc., a calendar year S corporation in Athens, Georgia, had a balance in AAA of $200,000 and AEP of $110,000 on December 31, 2014. In 2015, Lonergan, Inc., distributes $140,000 to its shareholders.
while sustaining an ordinary loss of $120,000. Calculate the balance in Lonergan's AAA and AEP accounts at the end of 2015.
A shareholder (within the u.s.a. often referred to as stockholder) of a organisation is an man or woman or prison entity (together with another business enterprise, a body politic, a trust or partnership) this is registered with the aid of the company because the felony owner of shares of the percentage capital of a public or personal organisation. Shareholders may be known as members of a business enterprise.
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which of the following product mix pricing strategies involves pricing multiple products to be sold together?
Product bundle pricing is the pricing strategy involving pricing multiple products to be sold together.
In marketing, a product is an object, system, or service made available to consumers according to their demand. It is everything we can offer to the market to meet the wants and needs of our customers.
In retail, products are often referred to as commodities, while in manufacturing, products are purchased as raw materials and sold as finished goods. Services are also considered product types. Commodities are typically commodities such as metals or agricultural products, but commodities are also widely available on the open market.
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A company fails to record accrued wages for the current year. Which of the following statement is true?
A. Net income for the current year is understated.
B. Retained earnings for the current year is overstated.
C. Net income for the current year is correct.
D. Retained earnings for the current year is understated.
Net income and retained earnings for the current year are overestimated because expenses for the current year are understated.
Retained earnings: What are they?After paying out dividends to its shareholders, a company's net income is what is known as retained earnings (RE).
How do net income and retained earnings differ from one another?The money that remains for a business after operational costs are subtracted from sales is known as net income (NI) or net earnings. By deducting dividend payments to shareholders, retained earnings goes a step farther.
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You are considering purchasing a $2,000,000, 200-day issue of commercial paper with a 4% discount yield. Calculate the effective yield, assuming the security is purchased on the issue date and held to maturity:
A. 3.33%
B. 4.12%
C. 4.19%
D. 4.23%
You are considering purchasing a $2,000,000, 200-day issue of commercial paper with a 4% discount yield. Calculate the dollar amount of the discount.
A. $40,000
B. $43,836
C. $44,444
D. $45,555
The effective yield assuming the security is purchased on the issue date and held to maturity is 4.19%.
Effective Annual Yield is defined as the total profit or return on a bond received by an investor. The effective annual yield is different from the bond's nominal yield or coupon rate. Determine the market value or initial investment of stocks or bonds.
Determines income from investments. Divide market value by income. Effective Annual Yield - A simple rate of interest that an account would generate at the end of the year equal to the same amount if the account were compounded at the specified rate. Effective annual rates of return are often included in the information about investments and loans.
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Charging a higher price for a motel room to customers with dogs or cats than to customers with no pets is most likely an example of.
Charging a higher price for a motel room to customers with dogs or cats than to customers with no pets is most likely an example of third-degree price discrimination.
Only when customers from various sub-markets are prepared to pay different prices for the same commodity is price discrimination conceivable. The impact of a price adjustment on the customer will also be the same if the elasticity of demand is the same.
When a business charges different prices to certain customer groups, it is engaging in third-degree price discrimination. As an illustration, a theatre may charge various prices for the same movie to seniors, adults, and children. The most typical kind of discrimination is this.
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Uing mathematical notation imilar to that ued for Nowlin Platic, give a mathematical model for calculating profit. (Write your anwer in term of the following variable q = Production Volume (quantity produced), R = Revenue Per Unit, FC = the Fixed Cot of Production, MC = Material Cot per Unit, LC = Labor Cot per Unit, and P(q) = Total Profit for producing (and elling) q unit. )
P(q) ≈ Total Profit for creating (and selling) q units, while R has been the revenue per unit, according to the computation above.
What is profit and example?The personal profit a business has when revenue exceeds costs and expenses is frequently referred to as profit. One glass for lemon, for instance, costs young child at a raspberry syrup stand one quarter. She then charges $2 for the beverage. Her earnings from the glass of lemonade is around $1.75.
Briefing:The mathematical formula used to calculate profit is:
VC=LC+MC
TC(q)=FC+(VC*q)
TR(q)=R*q
P=TR(q)-TC(q)
Here, quality is q, overall cost of manufacturing is TC, fixed expenses is FC, expenditure is VC, labor cost is LC, cost of production is MC, per unit cost is MC, total revenue is TR, and revenue per unit is R.
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Which of the following is a building block of neoclassical economics? A. the size of the economy is determined by real GDPB. sticky wages and pricesC. aggregate demand modelD. wages and prices will adjust in a flexible manner
The building block of neoclassical economics is D. wages and prices will adjust in a flexible manner.
What is the neoclassical economics?Neoclassical economics can be described as the theory that focuses on supply and demand as the driving forces behind the production, pricing, as well as the consumption of goods and services.
It should be nboted that It emerged in in the past compete with the earlier theories of classical economics, hence building block of neoclassical economics is adjustment in the wages and prices .
Therefore, option D is correct.
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oligopolistic industries are characterized by
Oligopoly is a situation in which a small number of businesses dominate the market and are extremely concentrated. Firms' entry and exit are also restricted. As a result, oligopolistic industries have high barriers to entry and a small number of dominant companies.
What is an industry with oligopolies?A market with a small number of businesses that are aware that their pricing and output strategies are interdependent is known as an oligopoly. Each company has some market power because the number of firms is small enough.
What kinds of businesses are oligopolies?Oligopolies have existed in numerous industries throughout history, including the manufacturing of steel, oil, railroads, tire manufacturing, grocery store chains, and wireless carriers. Airlines and pharmaceuticals are two other industries with an oligopoly structure.
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