Answer:
value
Explanation:
Opportunity cost or implicit is the value of the option forgone when one alternative is chosen over other alternatives.
For example, if I leave by job where i earn $100,000 per year to study economics in college. My opportunity cost is $100,000. This is the amount i would have been earning if i didn't go to college
What is likely to happen to the labor market equilibrium for firemen as building codes change to require firewalls and sprinklers to be included in all new construction
Answer:
The number of firemen employed will decrease while the wage of firemen will decrease
Explanation:
In an economy when there is an alternative or substitute that enters the market it results in reduction of demand for that product because some consumers will go for the other good.
In this scenario where building codes change to require firewalls and sprinklers to be included in all new construction, there will be a reduction in the demand for firemen. So number of firemen employed will be less.
This is because there is an alternative to using firemen now (firewalls and sprinklers).
Supply of firemen will remain the same, so more people are now competing for less jobs.
They will be more willing to take less wages than before so wages will reduce.
You need $35,000 in cash to buy a car 15 years from today. You expect to earn 14 percent, compounded annually, on your savings. How much do you need to deposit today if this is the only money you save for this purpose
Answer:
PV= $4,903.38
Explanation:
Giving the following information:
FV= $35,000
n= 15 years
i= 14% compounded annually
To calculate the initial investment required, we need to use the following formula:
PV= FV/(1+i)^n
PV= present value
FV= future value
i= interest rate
n= number of years
PV= 35,000/(1.14^15)
PV= $4,903.38
The monopolist has total fixed costs of $40 and a constant marginal cost of $5. At the profit-maximizing level of output, the monopolist's profit is
Answer:
$8.
Explanation:
Calculation for the the monopolist's profit
Using this formula
Monopolist's profit =Fixed costs/Constant marginal cost
Let plug in the formula
Monopolist's profit=$40/$5
Monopolist's profit=$8
Therefore the Monopolist's profit will be $8
The monopolist's profit is the amount of earnings left by the monopolist by the business operations. In the context of economics, a monopoly is the type of firm that stands alone in the market and does not have any competitors for the same product.
The monopolist is like government entities such as railway services, life insurance services, and many more.
The monopolist's profit is $8.
Computation:
Given,
Fixed cost =$40
Constant marginal cost =$5
The given components will be simply used in the formula to determine the monopolists' profit.
[tex]\rm{Monopolist's\;profit}=\dfrac{Fixed\;cost}{Constant\;marginal\;cost}\\\\=\dfrac{\$40}{\$5}\\\\=\$8[/tex]
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When assessing energy resources, it is helpful to use a measure called EROI, which is:__________
a) energy returned minus energy invested
b) energy returned plus energy invested
c) amount of energy invested minus heat released into the environment
d) money invested in extraction and processing minus money in sales
e) energy returned divided by energy invested
Answer:
e) energy returned divided by energy invested.
Explanation:
When assessing energy resources, it is helpful to use a measure called Energy Returned On Investment (EROI), which is energy returned divided by energy invested.
Energy Returned On Investment (EROI) is a means of measuring the quality of an energy source.
Generally, EROI can be defined as the ratio of the quantity of usable energy (exergy) gotten from a specific energy resource to the quantity of energy used to produce that energy resource.
Some examples of energy resources are fossil fuel, solar, hydropower, wind, nuclear, tidal, hydrogen, wave etc.
An oligopoly a. is a type of imperfectly competitive market. b. has a concentration ratio of less than 50 percent. c. is a price taker. d. has many firms rather than just one firm or a few firms.
Answer:
Option A
is a type of imperfectly competitive market
Explanation:
An oligopoly is a market arrangement where a few number of producer/sellers dominate and control the market.
Usually, in this type of imperfect ,market, firms would always need to collude to increase their prices for their products which are relatively differentiated products
These firm together have a concentration ratio of more than 50% i.e they control more than 50% of the entire market share.
Answer
is a type of imperfectly competitive market
In the Keynesian-cross model with a given MPC >0, the government-expenditure multiplier ______ the tax multiplier.
Answer:
the government-expenditure multiplier _Is larger than_ the tax multiplier.
Is larger than
Explanation:
Keynesian Cross Model otherwise known as expenditure-output model is used to determine the point where total or aggregate expenditures in the economy are intercept the amount of output produced, i.e equilibrium level of real GDP. In economy, if MPC >0, the government-expenditure multiplier is larger than the tax multiplier.
The city has proposed a number of water treatment and conservation projects the cost of which raises water bills high enough so that even environmentalists are beginning to raise alarms.
a. the cost of which raises water bills high enough so that.
b. at a cost raising water bills so high that.
c. at a cost which raises water bills high enough so.
d. whose cost will raise water bills so high that.
e. whose cost will raise water bills high enough so that.
Answer:
b. at a cost raising water bills so high that.
Explanation:
From the description of the sentence, it shows that the action when performed would yield the observed outcome. The cost of the project which would result to an exorbitant rise of water bills has to be questioned.
Thus the most suitable option is b, so that the correct expression would be;
The city has proposed a number of water treatment and conservation projects at a cost raising water bills so high that even environmentalists are beginning to raise alarms.
Stockton broker Dustin Giles has been asked by super-cautious sellers Frank and Carole Bellacera to find out the comparable sales for their property, since they aren't sure at what price they should list their property. When Dustin gives the information to them, they insist this is NOT what they want. They want to know what the actual value is that a lender will use to establish a loan amount. Someone is confused here, but which someone
Answer:
Frank and Carol Bellacera are confused
Explanation:
The fact that the couples are super -cautious in nature is getting them confused concerning what they actually wanted as they were trying to be extra careful.
They initially requested for a comparable sales price for their property towards listing, known as comparative market analysis which Dustin Giles provided. However , they went on to change their request to the actual value that a lender can be used to establish a loan which is appraisal .Dustin could have been able to do the appraisal if only he is an independent licensed appraiser practitioner.
Therefore from the scenario ,it is very obvious that Frank and Carole did not really know what they wanted or probably have not made up their mind concerning their decision on the property.
Helen is considering adding a rack of greeting cards to her product offerings at Litton Books Unlimited. Her fixed costs associated with adding the greeting cards would be $300. Variable costs per card are $1 each. The greeting cards will sell for $2 each. Helen's break-even point would occur at ________ cards sold.
Answer:
the break even point is 300 cards sold
Explanation:
The computation of the break even point in units is shown below:
= Fixed cost incurred ÷ contribution margin per unit
= $300 ÷ ($2 - $1)
= $300 ÷ ($1)
= 300 cards sold
As we know that the contribution margin per unit is
= Selling price per unit - variable cost per unit
And, the same is to be followed
Hence, the break even point is 300 cards sold
Helen's break-even point would occur at 300 cards sold.
Break even point= Fixed cost ÷ Contribution margin per unit
Where:
Fixed cost=$300
Contribution margin per unit=$2-$1
Let plug in the formula
Break even point= $300/($2-$1)
Break even point= $300/$1
Break even point= 300 cards
Inconclusion Helen's break-even point would occur at 300 cards sold.
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Renee opened her business with the intention of importing goods from Brazil and selling them in the United States. We could say that this business is
Answer: Born global
Explanation:
Born global is described as businesses which start with the intention of main their business already an international, as they target to do business globally. Many organizations start up their activities with the intentions of doing business globally, they focus their market to the world at large than just doing trade locally.
When the marginal benefits of a decision is equal to the marginal costs, it is called _____________. (SSEF2) * 1 point equilibrium scarcity specialization a rational decision
Answer:
A rational decision
Explanation:
Marginal decision involves using more than or less than what you have by comparing the cost and benefits. Marginal cost is the additional cost as a result of making a different decision while the marginal benefit is the additional benefit as a result of making a different choice. A rational decision is a decision in which the marginal benefits as a result of taking that decision is greater or equal to the marginal cost of that decision.
The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is
Answer:
Oligopoly.
Explanation:
The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is oligopoly.
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
1. Mutual interdependence between the firms.
2. Market control by many small firms.
3. Difficult entry to new firms.
Short-term price reductions like two-for-one commonly used to increase trial among potential customers or to retaliate against a competitor's actions are referred to as a
Answer:
Deal
Explanation:
The deal is the business term that is done between any two persons in order to generate the benefit for both the parties
Here in the question, the two for one rise the trial between the future customers or its is against the actions of a competitor
Just as example = short term price reductions
It benefits for both the parties i..e for the buyer it gets in less price and for selling one product is sold and get some margin on it
Therefore it is a deal situation
What is the maximum loan amount a bank will provide a borrower under the following circumstances: LTV: 70% Appraised Value: $320,000 Contract Price: $330,000
Answer:
$231,000
Explanation:
The maximum loan amount that the borrower would get from a bank is the 70% of the contract price which is computed thus:
The understanding here is that the bank would provide 70% counterparty funds which is equivalent to 70% of $330,000 i.e $231,000(70%*$330,000).
In other words,the borrower should be willing to provide 30% of $330,000 while the bank complements the borrower's efforts withe balance of 70%
At the end of Year 2, retained earnings for the Baker Company was $2,650. Revenue earned by the company in Year 2 was $2,900, expenses paid during the period were $1,550, and dividends paid during the period were $950. Based on this information alone, what was the amount of retained earnings at the beginning of Year 2
Answer:
$2,250
Explanation:
Calculation for the amount of retained earnings at the beginning of Year 2
Using this formula
Beginning retained earning =Revenue earned- Expensee- Dividend Paid- Ending retained earnings
Let plug in the formula
Beginning retained earning =$2,900-$1,550-$950-$2,650
Beginning retained earning =$2,250
Therefore the amount of retained earnings at the beginning of Year 2 will be $2,250
Any one duty of Human Resource Manager
Recruitment: Search for new qualified people
explanation: it means like to get new people to join company if there are vacancies
Charlie, a production head at an automobile company, is reviewing along with his team the efficiency of the current production system. A few employees in his team have ideas about how the production cost can be reduced by modifying the assembly system. Which of the following statements made by Charlie would best act as an idea grower in this scenario? If the system is not broken, we do not have to fix it. The current production system is good enough. Though the current system is efficient, is it perfect? You may want to change the current system, but what about the costs?
Answer:
Though the current system is efficient, is it perfect
Explanation:
An idea grower is someone that is open to analyzing different ideas, possibilities, or options on how to improve the current production system. I'm not sure if anything can be considered to be perfect, since we all have flaws, and the things that we make all have flaws. The difference is that things or systems are those that have the least amount of flaws and work almost efficiently most of the time.
In this case, the production system might be very efficient, but it can always be improved. It is charlie's duty to try to find ways to continuously improve it.
Stock in Daenerys Industries has a beta of 1.2. The market risk premium is 6 percent, and T-bills are currently yielding 4.9 percent. The company’s most recent dividend was $1.30 per share, and dividends are expected to grow at an annual rate of 8 percent indefinitely. If the stock sells for $36 per share, what is your best estimate of the company’s cost of equity?
Answer:
The best estimate of the company’s cost of equity is 12%
Explanation:
Estimate of the company’s cost of equity = (Required Return as per Capital Asset Pricing Model + Cost of Equity) / 2
Required Return as per Capital Asset Pricing Model = Risk Free rate + Market Risk Premium * Beta
= 4.9 % + ( 6% * 1.2)
= 0.049 + 0.06 * 1.2
= 0.049 + 0.072
= 0.1210
= 12.10%
Cost of Equity = (Expected Dividend/Price) + Growth Rate
= [( $ 1.30 * 1.08) / $ 36] + 8%
= 0.039 + 0.08
= 0.1190
= 11.90%
The best estimate of the company’s cost of equity = (12.10 % + 11.90 % )/ 2
= 24% / 2
= 12%
Hence, the best estimate of the company’s cost of equity is 12%
The most important, most convenient, and most flexible way in which the Federal Reserve affects the supply of bank reserves is through:
Answer: open market operations
Explanation:
you recently finished an essay on the milky way galaxy in google docs, but you can’t locate the file anywhere on your Google Drive. What should you do?
Answer:
Google docs
Explanation:
Have you checked your files on your google docs or if they aren't there try searching for them on your phone.
Answer:
In Google Drive, enter a keyword in the search bar and press Enter. A list of files and folders matching your keyword search appears.
Select a folder or any type of file. ...
You can also select a folder or a Google file, right-click and select Show file location
Goods and services are purchased by businesses as well as by individuals. a. True o O b. False
Answer:
true
Explanation:
A profit-maximizing, competitive firm will always hire an additional worker when the additional worker makes a positive contribution to
Answer:
Total profit
Explanation:
A profit maximising firm is one which marginal revenue exceeds marginal cost in its operations.
Price, inputs, and outputs are determined in such a way that they will realise highest profit.
So when a firm hires an additional worker they weigh the cost of getting his services (salary) against how much they can contribute to the total profit of the firm.
If contribution to total profit exceeds additional salary expense then the firm will go ahead and hire additional workers.
Monica, a project manager at a software firm, learns during a status report meeting that a difference exists between the baseline scope and the actual project performance. What does Monica need to do next?
Answer:
analyze the variance
Explanation:
In this scenario, the next necessary step that Monica must take would be to analyze the variance of the scope. Analyzing the variance is done in order to effectively determine whether or not a change in scope is actually warranted, and must be done every time that there is a difference identified between the actual performance and the baseline scope such as in this scenario.
Savannah Pecans is a fourth-generation family business. The company has concentrated on the U.S. market by selling its products primarily in the United States but now wants to sell abroad. The board of directors is hesitant about new markets because of their lack of knowledge regarding foreign legal systems and languages. What is the likely reason behind this hesitation
Answer:
A. a lack of trust
Explanation:
Since in the question it is mentioned that the Savannah Pecans is a fourth-generation family business and wants to focused on the U.S market by selling their main products in the U.S markets but as of now they wants to sell in abroad.
But the board of directors is hesitant because of their lack of knowledge with respect to the legal, language system
So the reason is a lack of trust whether they manage the things properly or not
A résumé style that highlights your previous work experiences related to the position you are seeking is which type of résumé?
Answer: Functional
Explanation:
In a job interview, a resume is a brief description of the candidate. Its motive is to create a favorable impression on the interviewer that can help the candidate to get the job.
To make it impressive there are some common styles such as functional (highlights your previous work experiences), chronological(arrange order of educational achievements and skills), skills, and targeted(arrange detals for a particular job role).
Hence, A functional style highlights your previous work experiences related to the position you are seeking.
Royal Caribbean Cruise Lines contracts with ______ to manage the large movement of food, beverages, raw ingredients, and supplies so that these deliveries are coordinated with the freight schedules.
Answer:
Third-party logistics
Explanation:
Royal Caribbean Cruise Lines contracts with Third-party logistics (or 3PL). Like mentioned in the question, this refers to the outsourcing of e-commerce logistics processes, including inventory management, warehousing, and fulfillment in order for the merchant company to automate all of their order fulfillment and freight scheduling coordination so they can free up their time and accomplish more on their end.
While establishing an overall picture of process output over time, the team plots a chart based on the data available. The plotted chart has seven consecutive data points on one side of the mean. What can be determined from the plotted chart
Answer: None of the answers
Explanation:
The options to the question are:
A) The control limits are too tight
(B) The control limits are acceptable
(C) The control limits are too loose
(D) None of the answers.
According to the seven run rule, a process is out of control in a control chart in a situation whereby there are seven consecutive data points that all fall on same side of mean. In such case an adjustment has to be made.
In the scenario in the question, none of the answers will be chosen because there has been a violation of the seven run rule as the answers provided are all incorrect.
______ occurs when people are hired or promoted, or denied hiring or promotion, for reasons not relevant to the job
Answer:
Workplace discrimination
Explanation:
Workplace discrimination is when someone is not treated well at work because of prejudices related to race, gender, religion, sexuality, among others. According to this, the answer is that workplace discrimination occurs when people are hired or promoted, or denied hiring or promotion, for reasons not relevant to the job because the person is treated differently because of prejudices.
Han Products manufactures 37000 units of part S-6 each year for use on its production line. A this level of activity, the ost per unit for part S-6 is:
Direct materials $3.60
Direct labor 9.00
Variable manufacturing overhead 2.40
Fixed manufacturing overhead 6.00
Total cost per part $21
An outside supplier has offered to sell 37,000 units of part S-6 each year to Han Products for $19 per part. If Han Products accepts this offer, the facilities now being used to manufacture part S-6 could be rented to another company at an annual rental of $87,000. However, Han Products has determined that two-thirds of the fixed manufacturing overhead being applied to part S-6 would continue even if part S-6 were purchased from the outside supplier.
Required:
What is the financial advantage (disadvantage) of accepting the outside supplier's offer?
Answer:
$13,000
Explanation:
The computation of the financial advantage (disadvantage) of accepting the outside supplier's offer is given below:
Making cost
Materials (37,000 × $3.60) $133,200
Direct Labour (37,000 × $9.00) $333,000
Overhead:
Variable (37,000 × $2.40) $88,800
Fixed (37000 × 6.00) $222,000
Total making cost $777,000
For buying cost
outside market purchase (37,000 × 19.00) $703,000
Unavoidable fixed overheads (37000 × 6 × 2÷3) $148,000
Less: Rentout of resources ($87,000)
Total Cost if buy $764,000
So, the Financial advantage of accepting the outside suppliers offer is
= $777,000 - $764,000
= $13,000
People have unlimited desires but limited resources. Economics tries to understand how we make decisions in such a world of ______ resources.
Answer:
Scarcity, is the right answer.
Explanation:
Scarcity is the answer because economics refers to decision making when there is scarcity. Since we know that human wants are unlimited but the resources are limited. Thus, the scarcity of resources gives birth to the problem of choice. Basically, economics studies the social human behavior in relation to resource allocation. Therefore, economics is all about that is generated to understand the allocation or decisions in the case of scarce resources.