Option (a), Let's say the pricing level decreases. Firms experience decreased profitability and output reductions as a result of fixed nominal salary contracts. The sticky-wage theory of the short-run aggregate-supply curve is illustrated by this.
What takes place when the pricing level decreases?People have more money as a result of falling prices, which leads to a rise in consumer expenditure. As a result, a drop in prices encourages people to spend more, which raises overall demand. The second element influencing the decreasing slope of the aggregate demand curve is the Keynesian interest-rate effect.
What does the shrinkage of the money supply mean for the aggregate supply theory of sticky wages?The sticky wage theory contends that employee pay stays constant regardless of how the economy is doing. This is because employees will fight against a pay decrease, and if profitability drops, a business will try to cut costs elsewhere, even by laying off employees.
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the following data are given on production of perez mfg. co for july
The data provided for Perez Mfg. Co. in July show an overall decrease in production compared to the previous month.
This could be due to a number of factors, including a decrease in demand, inadequate supply of materials and labor, or an increase in costs. It is important to analyze the data further to identify the specific cause of the decrease in production, and to develop strategies to address the underlying issues. If the problem is a lack of resources or other external factors, it is possible to adjust production levels accordingly. The data provided for Perez Mfg. Co. in July show an overall decrease in production compared to the previous month. Additionally, introducing cost-saving measures, such as automating processes or outsourcing labor, can help increase efficiency.
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assume amy’s wants to do the greatest good for the greatest number of people. based on this, which approach to resolving ethical dilemmas would the company most likely employ?a.justiceb.utilitarianc.universald.moral-rightse.individual
The following option that show us about the resolving ethical dilemmas would the company most likely employ is B. Utilitarian. Utilitarianism has a principle that the most ethical choice is the one that will produce the greatest good for the greatest number.
In the term of business ethnic, Utilitarianism generally can be defined as an ethical theory that determines right from wrong by focusing on outcomes. Utilitarianism also can be defined as a form of consequentialism. Utilitarianism has a principle that the most ethical choice is the one that will produce the greatest good for the greatest number. There are several examples of utilitarian, such as Redistribution of Wealth, Mandatory Vaccination, and also The Trolley Problem.
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The amount of a good that buyers are willing and able to purchase at a given price.
a. Law of Demand
b. Demand Schedule
c. Quantity Demanded
d. Demand Curve
The quantity desired or demanded is the amount of a good that consumers are both willing and able to buy at a specific price.
In economics, the word "quantity demanded" refers to the overall amount of an item or service that consumers demand over a specific period of time. The value of a product or service influences whether a marketplace is in equilibrium or not. The link between the amount and quantity desired and the price is known as the demand curve, or simply the demand. The extent to which the volume demanded changes in proportion to price is alluded to as the elasticity of demand. Features include:
1. The entire amount of an item or service that consumers demand over a specific time period is referred to as the quantity demanded in economics.
2. The quantity required is influenced by a product or service's pricing in the market.
3. The law of demand states that there is an inverse relationship between a product's price and its quantity demand.
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which of the following scenarios represent(s) a major source of systemic risk? check all that apply. origin savings and loan association originate thousands of subprime mortgages that are then sold to commercial banks, securities firms, and other savings institutions. the federal deposit insurance corporation (fdic) was created in 1933 to provide stability to the banking system, and it prevents widespread investor panic that could cause things like runs on the banks. new leaf investment bank relies heavily on short-term debt to finance their operations and uses their holdings of mortgage-backed securities as collateral. suddenly the prices of mortgage backed securities plummet, and they can no longer issue short-term debt to pay off the principal on maturing debt. smallwood bank, which is a fictional bank with only 100 deposit accounts among its members, fails one day and is unable to meet its obligations.
A. Origin savings and loan association originating thousands of subprime mortgages that are then sold to commercial banks, securities firms, and other savings institutions.
C. New leaf investment bank relying heavily on short-term debt to finance their operations and using their holdings of mortgage-backed securities as collateral.
What is systemic risk?
Systemic risk refers to the risk of an event that could trigger a chain reaction of losses throughout the financial system, potentially affecting multiple institutions and markets. It is the risk that arises from the interconnections and interdependencies between financial institutions and markets, such that the failure or distress of one institution can lead to widespread losses and even trigger the collapse of the entire system. This type of risk can originate from various sources, such as the failure of a large financial institution, a market crisis, or a widespread economic downturn. Systemic risk poses a threat to the stability and functioning of the financial system and has the potential to cause widespread harm to the economy.
Hence, the answer is,
A. Origin savings and loan association originating thousands of subprime mortgages that are then sold to commercial banks, securities firms, and other savings institutions.
C. New leaf investment bank relying heavily on short-term debt to finance their operations and using their holdings of mortgage-backed securities as collateral.
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suppose the economy is operating in a recession such as point b in exhibit 4. if policymakers allow the economy to adjust to the long-run natural level on its own, a. people will reduce their price expectations and the short-run aggregate supply will shift right. b. people will reduce their price expectations and aggregate demand will shift right. c. people will raise their price expectations and the short-run aggregate supply will shift left. d. people will raise their price expectations and aggregate demand will shift left.
The correct answer is (b) people will reduce their price expectations and aggregate demand will shift right.
A recession, the economy is operating below its potential output and employment levels. If policymakers allow the economy to adjust to its long-run natural level on its own, people will generally reduce their price expectations as the economy slows down. This reduction in price expectations can lead to a shift in aggregate demand to the right, as households and firms are more willing to spend and invest as the prices of goods and services decrease.
The shift in aggregate demand results from the expectation of lower prices and greater economic activity. This leads to an increase in the demand for goods and services, which in turn stimulates economic growth. As economic growth picks up, the short-run aggregate supply may also shift to the right, as firms increase their production to meet the growing demand.
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EXERCISE 3–8 Applying Overhead; Journal Entries; Disposing of Underapplied or Overapplied Overhead LO3–1, LO3–2, LO3–4
The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year.
1. The actual manufacturing cost for the year would be a.When applied to the Work in Process, b would be the Manufacturing Overhead. The cost of manufactured goods for the year is c.
d is the Cost of Goods Sold as reported in the account with the same name.
2.80,328 dollars were spent on the cost of the goods sold in DR.
CR Manufacturing Overhead $83,328
3.DR Work in Progress $5,472
Finished Goods $13,152
64,704 dollars was spent on the cost of the goods sold.
CR Manufacturing Overhead $83,328
Working
The distribution of overhead is as follows;
Work in progress: ($5,472; 27,360/416,000*83,328);
Finished Goods = 65,760/416,640*83,328 = 13,152 dollars.
Cost of Goods Sold = 323 520 / 416 640 * 83 328 = 64 704 dollars
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The complete question is :
Exercise 3-8 Applying Overhead; Journal Entries; Disposing of Underapplied or Overapplied Overhead [LO3-1, LO3-2, LO3-4] The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead (a) 499,968 (b) 416,640 Bal. 83,328 Work in Process Bal. 5,360 (c) 778,000 319,500 93,500 (b) 416,640 Bal. 57,000 Finished Goods Bal. 33,000 (d) 674,000 (c) 778,000 Bal. 137,000 Cost of Goods Sold (d) 674,000 The overhead that had been applied to production during the year is distributed among Work in Process, Finished Goods, and Cost of Goods Sold as of the end of the year as follows:
Work in Process, ending $ 27,360
Finished Goods, ending 65,760
Cost of Goods Sold 323,520
Overhead applied $ 416,640
For example, of the $57,000 ending balance in work in process, $27,360 was overhead that had been applied during the year. Required:
1. Identify reasons for entries (a) through (d).
2. Assume that the underapplied or overapplied overhead is closed to Cost of Goods Sold. Prepare the necessary journal entry.
3. Assume that the underapplied or overapplied overhead is closed proportionally to Work in Process, Finished Goods, and Cost of Goods Sold. Prepare the necessary journal entry.
true or false Demand elasticity is the extent to which a change in price causes a change in the quantity demanded.
The degree to which a change in price results in a change in the amount desired is known as demand elasticity. This statement is true.
It is a measure of the responsiveness of consumers to changes in price. A good is considered to be elastic if a small change in price leads to a large change in the quantity demanded, while a good is considered to be inelastic if a change in price has a relatively small impact on the quantity demanded.
Elasticity of demand is a key concept in microeconomics, as it helps firms and policymakers understand how changes in price will affect consumer behavior and the overall market demand for a good or service.
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Which of these is a major motivation for countries to trade with one another?
(remember, there could be more than one correct answer! to earn credit for this question all possible answer(s) must be selected)
decrease in wages
lower costs to consumers
access to illegal goods
higher cost to consumers
Decrease in wages, lower costs to consumers, access to illegal goods Option A,B, C
What is trade?Generally, Trade is the exchange of goods, services, and commodities between two or more parties.
It is an important part of the global economy and can take place between countries, businesses, individuals and other entities.
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Is the public served by the availability of business formats which protect individuals from personal liability? Identify and Describe the alternatives? Do you agree with the availability of business formats that protect individuals from personal liability? Defend your position.
The availability of business formats that protect individuals from personal liability, such as limited liability companies (LLCs) and corporations, can serve the public by encouraging entrepreneurship and investment.
These structures allow individuals to pursue business ventures without risking their personal assets in the event of business failure or legal action.
Alternatives to these structures include sole proprietorships and partnerships, which do not offer personal liability protection. These alternatives may be less attractive to individuals who are risk-averse and wish to limit their personal exposure to business risk.
This protection can provide individuals with the confidence to pursue new business ventures and contribute to economic growth and job creation. At the same time, critics may argue that these structures can also be used to avoid responsibility for the negative consequences of business activities.
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Consider the following information of Essex Corp. $16,800 Fixed costs $45,000 $14,700 $21,000 Target operating income Contribution margin per unit $20 $6.300 Tax rate 30% $30,000 Calculate Essex Corp.'s target net income.
Answer:
Essex Corp.'s target net income can be calculated by subtracting the fixed costs from the target operating income and then multiplying the result by the tax rate. In this case, the target net income is $13,110. This is calculated by subtracting the fixed costs of $16,800 from the target operating income of $45,000 to get $28,200, and then multiplying this by the tax rate of 30% to get $13,110.
Explanation:
The desired net income in this instance is $13,110. This is computed by deducting the $16,800 in fixed expenditures from the $45,000 target operating revenue to get at $28,200, which is then multiplied by the 30% tax rate to arrive at $13,110.
The target operating income of Essex Corp. can be used to get the company's target net income by deducting fixed expenses from that figure, which can then be multiplied by the tax rate.
Your desired net income or profit is your target net income. It goes like this: Sales minus Variable Costs minus Fixed Costs equals Target Net Income. You can calculate your net income based on sales and costs or use this method to determine how many sales you need to make to meet a specific goal of net income.
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you are working on a project to design a new road bicycle to be used in the upcoming olympic games. you are currently involved in the validate scope process. you need to refer to the user acceptance criteria for the project deliverable. what is the best document to consult to quickly locate this information? answers a. requirements traceability matrix b. work breakdown structure c. requirements documentation d. project management plan
The best document to consult to quickly locate user acceptance criteria for the project deliverable in a project to design a new road bicycle for the Olympic games is the Requirements Documentation.
The Requirements Documentation is a detailed description of the requirements for the project, including specific performance and design requirements, as well as any constraints or limitations. It is usually created during the planning phase of the project and is used as a reference throughout the project to ensure that the project deliverables meet the needs and expectations of the stakeholders. In this case, the user acceptance criteria, which define the criteria that must be met for the project deliverables to be considered acceptable to the stakeholders, would likely be included in the Requirements Documentation.
The Requirements Traceability Matrix, Work Breakdown Structure, and Project Management Plan may also be useful documents for the project, but the Requirements Documentation would likely be the quickest and most direct source of information on the user acceptance criteria.
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what is the maximum amount you would pay for an asset that generates an income of $150,000 at the end of each of five years, if the opportunity cost of using funds is 9 percent?what is the maximum amount you would pay for an asset that generates an income of $150,000 at the end of each of five years, if the opportunity cost of using funds is 9 percent?
Using the present value calculation, you may determine the highest price you would be willing to pay for an asset that delivers an income of $150,000 at the end of each of five years, with an opportunity cost of 9%.
What is the most you would be willing to spend on a piece of property that brings in $150,000 annually?The following formula is used to determine the present value of each year's income:Year 1: $150,000 / (1 + 0.09)^1 = $137,037Year 2: $150,000 / (1 + 0.09)^2 = $125,673Year 3: $150,000 / (1 + 0.09)^3 = $115,074Year 4: $150,000 / (1 + 0.09)^4 = $105,148Year 5: $150,000 / (1 + 0.09)^5 = $95,833The total of the present values represents the most you would be willing to spend on the asset:$137,037 + $125,673 + $115,074 + $105,148 + $95,833 = $579,721So, the maximum amount you would pay for the asset is $579,721, given an opportunity cost of 9 percent.To learn more about income refer:
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Talitha bivens worked 47 hours at $6. 10 per hour in the most recent pay period. She makes no tips or bonuses. Anything over 40 hours is paid at time-and-a-half. What are her gross earnings for the pay period?.
Talitha Biven's gross earnings for the pay period are $308.05.
Numeral variables and operations marked by the signs for addition, subtraction, multiplication, and division are combined in the mathematical equation.
Numbers (constants), variables, operations, functions, brackets, punctuation, and grouping can all be represented using mathematical symbols. They can also signify other characteristics of the logical grammar, such as the operation order.
Talitha Bivens earned $6.10 per hour for a total of 47 hours during the most recent pay period. She receives no bonuses or tips. Overtime is compensated at time-and-half.
The gross pay can be calculated as:-
40 X 6.10 = 244
6.10 X 1.5 = 9.15
9.15 X 7 = 64.05
64.05 + 244 = 308.05
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A manufactoring company has been under pressure to increase profits again to produce it is what it is encouraged by the initial increase in revenue even though profits per item produced still total profits increase increase in production of the profit per item or decrease so much he made almost no extra profit from the increase in production is situation illustrates which concept?
A manufacturing company will face declining marginal returns when its profits decline as output rises. The idea of declining marginal return states that when inputs are added, returns grow until a firm reaches its maximum output.
Since production has already peaked, new inputs won't produce greater output.
As per the details provided in the question, Reduced profitability will be the effect of adding more inputs. A firm must pay for inputs. Due to stagnant output, increased costs are not translating into increased revenue. The manufacturing company was seeing lower earnings per item as a result of rising expenses despite stable income.
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what is the equilibrium price and equilibrium quantity of fedoras
Quantity is 50, price is $40. 40 dollars is the equilibrium price, while 50 is the equilibrium number. The only price about which consumer and producer desires align is the equilibrium price.
What is Exact definitions of equilibrium amount and price?
Only at the average total cost, which is obtained when the quantities requested by consumers and supplied by producers are equal, do consumer and manufacturer plans coincide. This prevalent number is referred to as the equilibrium quantity.
What are the chocolate bar's equilibrium price and quantity?The market-clearing price or just "market price" are other names for this cost. The equilibrium price and quantity inside the market for chocolates in Figure 2.9 are $3 per bar and 8000 bars, respectively. Market disequilibrium exists at any price different than the equilibrium price.
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As part of a plan to emphasize a dynamic corporate culture at the Gagnier and Morris advertising company, Kiran has done away with traditional cubicles and replaced them with open-area "hot desks."
o "Anytime, anywhere" and nonterritorial offices
o Globalization of business
o Increasingly diverse workforce
As part of a plan to emphasize a dynamic corporate culture Kiran has done away with traditional cubicles and replaced them with open area "hot desks." Anytime, anywhere" and nonterritorial offices.
What is corporate culture?
Corporate culture describes the attitudes, practices, and behaviors that guide how management and staff of a firm interact, carry out their duties, and do business. Corporate culture is the set of universally held ideals and principles that directs how an organization operates. In other words, what distinguishes your company from others is intangible. It is used to describe a company's principles, behavior, and working style. It reveals how a business interacts with its community, clients, and workers.
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the opportunity cost of the second bicycle is _____ tents.
It is necessary to divert resources from constructing tents to making bicycles in order to make 2 bicycles. 85 tents are produced at option C. Alternative D has a opportunity cost of 20 tents because only 65 tents are created when 2 bicycles are produced.
According to microeconomic theory, an activity's opportunity cost is the value or gain that is forfeited in exchange for engaging in that activity as opposed to engaging in an alternative activity. More precisely, it means that by choosing one course of action (such as making an investment), you are forfeiting the chance to take an other course of action. The activity that yields the highest return among all others, net of opportunity costs, is the one that is considered to be the ideal activity.
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Select all that apply) Which are features of refund advance 0% APR and includes no loan fee or Available in five possible loan amounts ($250 $500 $750 $1,250 $3,500 or the client selects which they receive or It is loaded typically within 24 hours to the client H&R Block Emerald Prepaid Master Card
These are features of Refund Advance:
0% APR and includes no loan fee.The client selects which tier they receive.Available in five possible loan amounts ($250 $500 $750 $1,250 $3,500 or the client selects which they receiveWhat is a Refund Advance?Refund Advance is a no-interest loan that is repaid with your tax refund. If approved, a loan will be issued in one of five amounts ($250, $500, $750, $1,250, $3,500). Refund Advance is a loan issued by Pathward, N.A., Member FDIC; it is not one's tax refund.
Therefore, the correct answers are as given above
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Much of the data gathered through field research are based on?
Most of the data collection through field research is based not entirely on cause and effect but mostly on correlation.
Field research is defined as a qualitative data collection method aimed at observing, interacting with, and understanding people in their natural environment.
For example, conservationists observe animals' behavior in their natural environment and their reactions to specific scenarios.
Similarly, social scientists conducting field research can conduct interviews and observe people from a distance to understand how people behave in social settings and how they react to their surroundings.
Field research includes a variety of social research methods such as direct observation, limited participation, analysis of documents and other information, informal interviews, and surveys.
Field research usually begins in a specific environment, but the ultimate goal of the research is to observe and analyze specific behaviors of subjects in that environment.
However, the causes and consequences of specific behaviors are difficult to analyze in the natural environment due to the presence of multiple variables.
Most data collection is primarily based on correlation rather than solely on cause and effect.
Field studies look for correlations, but the small sample size makes it difficult to establish causality between two or more variables.
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which of the following will not shift a country's production possibilities frontier outward? a. an increase in the capital stock b. an increase in the labor force c. a reduction in unemployment d. an advance in technology
A reduction in unemployment will not shift a country's production possibilities frontier outward. Option c.
This is because the production possibilities frontier is a representation of the maximum output of two goods that an economy can produce given a set of resources and technology.
A reduction in unemployment does not increase the resources or technology available to an economy, and therefore does not shift the production possibilities frontier outward.
An increase in the capital stock, an increase in the labor force, and an advance in technology can all potentially increase the resources and technology available to an economy and shift the production possibilities frontier outward.
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what is the opportunity cost of plywood
Plywood board products are priced at £58-62 per square foot from 22nd January to 22nd December. These are guidelines based on popular product prices.
Indian plywood market reached INR 195.8 billion in FY 2021-22. Looking ahead, IMARC Group expects the market to reach $297.2 billion from 2027 to 2028.
Plywood is a material made from thin layers or "layers" of veneer glued together with adjacent layers whose grains are rotated up to 90 degrees from each other. It is a wood-based panel in a family of manufactured panels that includes medium density fiberboard (MDF), oriented strand board (OSB) and chipboard (chipboard).
All plywood combines resin and fiberboard (cellulose cells are long, strong and thin) into a composite. This grain alternation is called cross grain and has several important advantages.
Reduces the tendency of the wood to split when nailed to the edge. Reduces swelling and shrinkage and improves dimensional stability. Make the strength of the panel uniform in all directions. Usually the number of plies is odd, so the sheet is balanced. This reduces warpage. The plywood is glued with opposite grains and an odd number of joints, so it exhibits high rigidity in the direction perpendicular to the grain of the skin.
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What impact would we expect an increase in the quality of education to have upon a country's production possibilities curve?
he best of education increases. Assuming better schooling translates into better work skills, then productiveness should upward jab and this would shift the curve outward.
Does nice of training increases manufacturing probabilities curve?Thus, it can be said that due to an enchancment in the degree of education, the economy will feature at a greater manufacturing chances frontier.
What would be the have an impact on of extra schooling in a country?For individuals, training promotes employment, earnings, health, and poverty reduction. Globally, there is a 9% amplify in hourly revenue for every greater yr of schooling. For societies, it drives long-term economic growth, spurs innovation, strengthens institutions, and fosters social cohesion.
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What will happen to future production possibilities if investment increases?
a- stay the same
b- shift inward
c- shift outward
The correct answer is option c. The production possibilities curve is likely to shift outward, reflecting the increased potential for production.
The production possibilities curve (PPC) is a graphical representation of the maximum combinations of goods and services that an economy can produce with its available resources and technology. An increase in investment has the potential to impact the production possibilities of an economy in several ways.
In general, an increase in investment can lead to an increase in the quantity and quality of the economy's productive resources, such as capital and labour. This, in turn, can lead to an increase in the economy's productive capacity, allowing it to produce more goods and services. As a result, the production possibilities curve is likely to shift outward, reflecting the increased potential for production.
When the production possibilities curve shifts outward, it means that the economy has increased its ability to produce more of all goods and services. This can result in greater economic growth and higher standards of living for the population. The shift in the production possibilities curve is often depicted as a movement from a lower to a higher curve, representing an increase in the economy's production potential.
In contrast, a decrease in investment can lead to a decrease in the quantity and quality of the economy's productive resources, leading to a decrease in productive capacity and a shift in the production possibilities curve inward. This can result in lower economic growth and a lower standard of living for the population.
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a treasury bond has a 2% coupon and pays interest semi-annually. it is currently priced at $1,150. you buy 1,000 par of the bond today, which is 32 days after the last interest payment. there are 183 days ini the coupons period. what will be the invoice price for this bond?
The bond's 2% * $1,000 par value (the semi-annual coupon payment) equals $20.
What does interest mean in its most basic form?The fee you pay to borrow funds or the fee you charge to extend credit is called interest. The most common way to represent interest is as an indicator of the overall of the loan amount. The rate of return on the loan is known as this percentage.
What does money interest mean?When you borrow money or make loans, you are paying interest. The percentage of the amount borrowed used by lenders to calculate interest. By lending money (through a bond or a deposit certificate for example), or by depositing money into an interest-bearing bank account, consumers can earn interest.
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What is absolute advantage determined by?
A side may not have an absolute advantage in anything since absolute advantage is defined by a straightforward comparison of labour productivity.
What is absolute advantage?Absolute advantage in economics refers to a party's capacity to deliver a good or service greater effectively than its rivals. Adam Smith, a Scottish economist, originally introduced the idea of absolute advantage in 1776 while discussing international trade and utilising labour as the sole input. A side may not have an absolute advantage in anything since absolute advantage is defined by a straightforward comparison of labour productivity. The Scottish philosopher Adam Smith, who criticised mercantilist views in his 1776 book The Wealth of Nations, is largely credited with developing the idea of absolute advantage. The range of potential interactions that could be mutually advantageous is the focus of comparative advantage.
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what type of loyalty is exhibited by someone who seldom, if ever, questions the correctness of his brand selection?
The type of loyalty exhibited by someone who seldom, if ever, questions the correctness of his brand selection is called brand loyalty.
Brand loyalty refers to a consumer's repeated purchasing of a particular brand over a period of time, despite the availability of alternatives. It is characterized by a strong attachment to the brand and a resistance to switching to other brands, even when there are promotions or discounts offered. Consumers who exhibit brand loyalty have a sense of trust and confidence in the brand, which results in their unwavering commitment to it.
In this scenario, the consumer is exhibiting a high degree of brand loyalty, as they do not question their brand choice and continue to make purchases without considering alternative options. This type of loyalty is valuable for companies, as it results in repeat business and helps build brand equity over time.
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cost accounting is primarily concerned with accumulating information about product costs. True or False
The statement mention is correct that cost accounting is primarily concerned with accumulating information about product costs.
By analyzing the variable costs of each stage of production as well as fixed costs, including lease expenses, cost accounting is a type of managerial accounting that tries to capture a company's entire cost of production. Calculating variable and fixed costs is a component of cost accounting. Regardless of the volume of production, fixed costs are expenses that occur every month. Examples include lease costs, rent, depreciation, and loan interest. There are numerous types of cost accounting, including standard cost accounting, lean accounting, activity-based costing, and marginal costing.
Cost accounting formulae are related to managerial accounting procedures that estimate the variable and fixed costs at each stage of production to determine a company's overall cost of production. Costs come in two flavors: fixed and variable. Although fixed and variable costs have different effects on the business, both are crucial to its profitability. Cost accounting is useful because it can show how much money a business makes, where it spends it, and where it loses it. Internal cost controls and efficiency are intended to be reported on, examined, and improved through the use of cost accounting. Cost-accounting figures are essential for internal controls even though businesses cannot use them for tax or financial reporting.
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g 1. markets and competition in a perfectly competitive market, all producers sellvery different goods or services. additionally, there aremany buyers and sellers. because of these two characteristics, both buyers and sellers in perfectly competitive markets are pricetakers . true or false: the market for carrots exhibits the two primary characteristics that define perfectly competitive markets.
In a perfectly competitive market, all producers sell identical goods or services. Additionally, there are many buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price takers.
The statement "the market for carrots exhibits the two primary characteristics that define perfectly competitive markets." is false. it is because
A perfect market, is also known as an atomistic market generally can be described as a market that contain several idealizing conditions, collectively called perfect competition, or atomistic competition. Perfect market is the example of economic market based on the structure.
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Which of the following statements is true about a competitive market?
a) A competitive market must have a physical location.
b) It has so many buyers and sellers that no one can influence the price.
c) It includes markets for goods and services but not for inputs.
d) It has a handful of sellers but always has many buyers.
e) It has one seller competing to sell his or her product.
The true statements about a competitive market is that its has so many buyers and sellers that no one can influence the price. The Option B is correct.
What are the features of competitive market?A competitive market is a type of market in which no single consumer or producer has influence over the market. Its response to supply and demand varies with the supply curve, which represents the quantity of a product.
Because a competitive market requires a producer to be willing to sell a product at the market price, supply curves adjust to keep the producer's costs relative to its sales.
Multiple influences determine market prices and, thus, market supply in a perfectly competitive market. Price-takers in this structure are competitive market producers who accept the market price because independent price changes can cause a sales loss.
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you sold short 1,100 shares of stock at a price of $38 and an initial margin of 65 percent. if the maintenance margin is 40 percent, at what share price will you receive a margin call? what is your account equity at this stock price? (do not round intermediate calculations. round your answers to 2 decimal places.)
The account equity is $27,170 and the margin call price is $24.70.
Initial Margin = 65%
Maintenance Margin = 40%
Determine the total cost of 1,100 shares
Total cost = 1,100 x $38 = $41,800
Calculate the initial margin requirement
Initial Margin Requirement = 65% x $41,800 = $27,170
Calculate the maintenance margin requirement
Maintenance Margin Requirement = 40% x $41,800 = $16,720
Calculate the margin call price
Margin Call Price = $27,170 / 1,100 = $24.70
Calculate the account equity
Account Equity = 1,100 x $24.70 = $27,170
Therefore, the margin call price is $24.70 and the account equity is $27,170.
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