If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production and increase the price to maximize profits.
Who is a monopolist?monopolist serves as the entity that dominates a particular market in term of production, he is the one that has the highest control of the market and make the most profits.
It should be noted that If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production .
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What were the economic consequences of apartheid in south africa?.
Answer
Apartheid education policies lead to low rates of investment in human capital of black workers. Consequently, the economy falls to a lower level of physical and human capital in equilibrium and hence to a lower real income per capita in the long-run equilibrium
Answer: answer is
A C D
Explanation:
did it
Describe key services that the financial system provides to savers. Question 17 options: Economies of scale of information Risk sharing Liquidity All of the above
The answer is all of the above.
Risk sharing, liquidity, and knowledge are the three main services that the financial system offers to both savers and borrowers.
First, people seek steady returns on their holdings.
Investors often maintain a portfolio, or collection of assets, that offers generally consistent returns (diversification).
Risk is a measure of how unpredictable the return on an asset is.
Liquidity is a measure of an asset's ease of movement to be transformed into cash.
In financial markets, the information contains facts about borrowers and expectations of returns on financial assets.
Key Services of the Financial System:
Effective Payment SystemIntermediary to Investors and BorrowersSharing of Economic Financial RiskDiversificationLiquidityFinancial InformationHence, key services that the financial system provides to savers include all of the above.
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Under a typical listing agreement, what duties does the broker and the sales agent owe to the seller
The duties of the broker and the sales agent owe to the seller are:-
Build relationships with your customers.negotiations with customers.processing sales transactions.analysis of data and market trends.processing of sales transactions;Evidence of solid understanding of the company's products or services.Networking to attract potential clients.Sales agents are professionals your company hires to market your products and services while acting as brand spokespersons. Salespeople are often independent workers who earn commissions based on the amount they sell. Some salespeople work for commercial agencies that employ employees.
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Typically, when will the national bureau of economic research (nber) announce that the economy is in a recession?
the national bureau of economic research (nber) announces that the economy is in a recession, a year or more after the recession has begun
The specific time the economy entered a recession or an expansion is not given in the NBER chronology. The first month of a recession, according to the NBER's convention for determining its length, is the month that comes after its peak, and its final month is its trough.
The most recent dip occurred in April 2020; hence, April 2020 marked the end of the recession and May 2020 marked the start of the next expansion. months that experience peaks and troughs. PILT, nonfarm payroll employment, real personal consumption expenditures, wholesale-retail sales adjusted for price fluctuations, employment as determined by the household survey, and industrial production are some of these. There is no set formula for how measurements are weighted in our judgments or how they contribute information to the process.
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When government policy moves from a budget surplus to a budget deficit and the trade deficit remains constant: savings will decrease no matter what happens to investment. savings will decrease if investment remains constant. investment will increase if savings also remains constant. investment will decrease if savings also remains constant.
Investment will decline if savings also decline when a government's fiscal policy switches from a budget surplus to a budget deficit and the trade deficit stays steady.
What occurs if there is a budget surplus or deficit for the government?A budget deficit occurs when the federal government spends more money than it takes in from taxes in a given year. In contrast, the government has a budget surplus when it collects more taxes than it spends in a single year.What distinguishes a budget surplus from a budget deficit?A government experiences a budget surplus when its tax revenues exceed its expenditures, a budget deficit when its expenditures exceed its tax revenues, and a balanced budget when the two figures are equal.
How do trade deficits result from budget deficits?A budget deficit causes interest rates to rise, which raises net capital inflows and currency depreciation, which lowers net exports.
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Which method in oil and gas accounting requires the cost of unsuccessful wells be expensed in the current period?
Successful-efforts accounting is the method that requires the cost of unsuccessful wells be expensed in the current period
What is the Successful-efforts accounting ?The successful method accounting can be defined to be the type of accounting that is done which is known to allow a company to capitalize on the expenses that hey have made from being able to locate a new oil and gas reserves in a successful way.
Hence we can say that the Successful-efforts accounting is the method that requires the cost of unsuccessful wells be expensed in the current period
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bridgeport company changed depreciation methods in 2020 from double-declining-balance to straight-line. depreciation prior to 2020 under double-declining-balance was $89,400,
Based on the depreciation prior to 2020, the beginning balance when 2020 began was $146,100
What was the opening balance?The opening balance can be found as:
= Cost of depreciable assets - Accumulated cost under double-declining balance
This gives:
= 235,500 - 89,400
= $146,100
This is the opening balance on the depreciable assets because the net book value of a fixed asset is found by deducting accumulated depreciation from the cost.
The accumulated depreciation in this case was $89,500 so it will be deducted from the $235,500 cost.
The rest of the question is:
Bridgeport Company changed depreciation methods in 2020 from double-declining-balance to straight-line. Depreciation prior to 2020 under double-declining balance was $ 89,500 whereas straight-line depreciation prior to 2020 would have been $ 45,500. Bridgeport's depreciable assets had a cost of $ 235,500 with a $ 36,900 salvage value, and an 7-year remaining useful life at the beginning of 2020.
What is the beginning balance in 2020?
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The depreciation expense using the straight-line method would have been $44,700
What is the double-declining balance method?
It is a method of depreciating assets where the amount charged each year as depreciation is twice that of the depreciation expense that would have been if the straight-line depreciation method was used.
Depreciation rate using double declining method=100%/useful life*2
the "2" in the formula means double-declining, and the rate of depreciation is 200% of the straight-line method
useful life=assuming it is 5 years
Depreciation rate using double declining method=100%/5*2=40%
What is a straight-line method of depreciation?
It is the method where the depreciation expense per year is the asset cost minus residual value divided by the asset's useful life.
If the depreciation expense using the double-declining balance method in 2020 was $89,400, it means the depreciation expense under the straight-line method would have been half of that(i.e.100%/200%)
depreciation expense(straight-line method)=$89,400*100%/200%
depreciation expense(straight-line method)=$44,700
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Milltown Company specializes in selling used cars. During the month, the dealership sold 13 cars at an average price of $14,100 each. The budget for the month was to sell 11 cars at an average price of $15,100. Compute the dealership's sales price variance for the month.
The dealership's sales price variance for the month is: $13,000 unfavorable.
Sales price varianceUsing this formula
Sales price variance=(Budgeted sales -Actual sales)× Numbers of cars
Let plug in the formula
Sales price variance=(15100 - 14100) x 13
Sales price variance=$13,000 unfavorable
Therefore the dealership's sales price variance for the month is: $13,000 unfavorable.
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If the inflation rate is 2 percent and the real interest rate is 7 percent, then the nominal interest rate is-____________.
The nominal interest rate is 9%.
What is the nominal interest rate?
Interest rate is the rate earned on deposits or the rate charged on loans. Interest rate could be real interest rate or nominal interest rate. Nominal interest rate is real interest rate plus inflation rate. Real interest rate is interest rate that has been adjusted for inflation. Inflation rate is the rate at which the general price levels in the economy is increasing.
Nominal interest rate = real interest rate + nominal interest rate
2% + 7% = 9%
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Products that are purchased to solve a sudden problem and a customer does not actively seek are _______.
Products that are purchased to solve a sudden problem and a customer does not actively seek are unsought products.
Unsought Products are the ones that consumers do not normally go looking for, or about which the average consumer may not even be aware of, as is it may be a new brand. Thus, a consumer would prefer not to think about buying.
Unsought Products are the products purchased to solve a sudden problem. Thus, these products can include emergency products such as bandages and ointment and automobile parts which are used to repair a car.
Hence, the answer was given and explained above.
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Wayfair is deciding between two different catalogs to customers. one catalog costs $0.50 to produce, is 50 pages long, has a 5% conversion rate, and the average converted customer brings in $315. the second catalog costs $0.95 to produce, is 100 pages long, and a converted customer brings in $300. what does the conversion rate of the second catalog need to be in order to make the same amount of profit as the first catalog
The conversion rate of the second catalog need to be a minimum of 5.4% in order to make the same amount of profit as the first catalog.
What is conversion rate?Conversion costs are the manufacturing expenses needed to transform raw resources into finished goods.
To calculate the value of ending inventory, which is then recorded in the balance sheet, cost accounting uses the concept.
What is the computation for the above answer?Looking at the 1st catalog, the cost of production = 100 * $ 0.50
= $ 50.
This mean that the rate of conversion is 5 %.
Hence, the number of customers that the 1st catalog brings in is 5.
Therefore, the revenue generated is computed at:
5 * $ 315
= $ 1575, and
Profit is (Revenue less cost)
= $ 1575 - $ 50
= $ 1525.
Assuming that the conversion rate for the 2nd catalog is y%
Hence, for the second catalog, the cost is
100 * $ 0.95
= $ 95.
The conversion rate is y % so that the number of customers that the 2nd catalog brings in is y.
Therefore, the revenue generated is y * $ 300
= $ 300y; therefore,
The profit is $ 300y-95.
From the above, we can state mathematically that if the 2nd catalog will make the same amount of profit like the first, at the very least, then:
our function should be stated as follows:
300y - 95 ≥ 1525; that is
300y ≥ 1525+95; that is
300y ≥ 1620; hence
y ≥ 5.4
QED
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Milk is used in the production of cheese. Cheese and tofu are close substitutes in consumption. Milk and oreos are complements in consumption. Suppose that the price of oreos increases, how does this affect the market of tofu
Milk is used in the production of cheese. Cheese and tofu are close substitutes in consumption. Milk and Oreos are complements in consumption. Suppose that the price of Oreos increases, how does this affect the market for tofu?
The correct answer is decreasing in price will increase the quantity demanded.
Why does price decrease when demand increases?If demand does not change, there is an inverse relationship between the supply of goods and services and the price. As the supply of goods and services increases with the same demand, prices tend to fall to lower equilibrium prices and higher equilibrium quantities of goods and services.
The relationship between price and demand is negative. H. They are inversely proportional. The inverse relationship means that when the price of a product goes up, the demand for that product goes down, and vice versa. This is due to the law of reducing marginal utility.
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Internal performance measurements focused on the extent to which employees are using a crm system as intended are known as ________.
Internal performance measurements focused on the extent to which employees are using a CRM system as intended are known as Human Resource Management.
In order to manage and analyze customer interactions and data across the customer lifecycle, businesses employ a combination of practices, strategies, and technologies known as customer relationship management (CRM).
The objective is to strengthen interactions with customers in order to promote client retention and increase sales.
CRM systems gather information about customers from various points of contact between them and the business, such as the company's website, the company's phone line, direct mail, marketing materials, and social media.
CRM systems can also give staff workers who deal with consumers in-depth knowledge of their personal data, purchasing history, shopping preferences, and issues.
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cold cereal is a substitute for oatmeal. Raisins are a complement for oatmeal. Which of the following increases the demand for oatmeal
An increase in price of cold cereal will increase the demand for oatmeal.
What is Demand?Demand in economics refers to a consumer's readiness to pay a particular price for goods and services as well as their desire to buy them. Demand for a good or service typically declines when its price goes up. The amount needed will rise when a product's price drops, in a similar manner. Consumers and businesses are quite familiar with the idea of demand because it makes sense and happens organically throughout the course of almost any day.For instance, when a product's pricing is low, shoppers who are keeping an eye on it will buy more of it. When costs increase, such as during a change in season, consumers may buy less or even nothing at all.
Therefore,
An increase in price of cold cereal will increase the demand for oatmeal.
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In the _____ managerial style, the foreign policy process is treated as an open market or exchange of ideas.
In John F. Kennedy and George H.W.'s managerial style, the foreign policy process is treated as an open market or exchange of ideas.
Kennedy's foreign policy changed into domination by using American confrontations with the Soviet Union, manifested via proxy contests within the international state of hysteria called the bloodless war. Like his predecessors, Kennedy adopted the coverage of containment, which was supposed to stop the unfolding of Communism.
Kennedy did have one triumph of overseas policy: the Cuban Missile Crisis of 1962, the closest the sector has come to nuclear struggle.
After many long and difficult conferences, Kennedy determined to area a naval blockade, or a ring of ships, around Cuba. The purpose of this "quarantine," as he knew it, changed to prevent the Soviets from bringing in more army materials. He demanded the elimination of the missiles already there and the destruction of the websites.
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According to the cdc, the price elasticity of demand for cigarettes is ____, which sugggests that a tax increase will ______ revenue.
According to the CDC, the price elasticity of demand for cigarettes is .3 to .5, which suggests that a tax increase will increase revenue.
The CDC stands for the Centers for Disease Control and Prevention, which is the national public health agency of the United States. According to CDC, the price elasticity of for cigarettes is .3 to .5, which indicates that a tax increase will increase revenue.
As smoking is a habit so hard to kick, demand for cigarettes is highly inelastic, which means that large price changes induce only small changes in the quantity demanded.
Hence, the price elasticity of demand for cigarettes is .3 to .5, which syndicates that a tax increase will increase revenue.
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In the market for cell phones, if the supply of cell phones increases what will happen to the price and quantity of cell phones?.
If the supply of cell phones increases, the price of cell phones will reduce and the quantity of cell phones would increase.
What is the impact of an increase in the price of cell phones?
When the market of a good is in equilibrium and the supply for a good increases, the supply curve would shift to the right while the demand curve remains unchanged.
At the new equilibrium of the supply curve and the demand curve, price would be lower and quantity would be higher.
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________ is not one of the common pricing objectives
Return of Saving is not one of the common pricing objectives.
The majority of businesses aim to achieve a reasonable rate of return on investment.
⇒a set proportion of sales,
⇒returns on investment, or
⇒a set quantity of rupees.
The business designs its pricing strategies and policies such that sales income finally produces an average return on total investment.
For instance, a corporation seeks to get a 20% return on its $3 crore total investment. It needs to establish the product's price so that it can make 60 lakh rupees.
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Under the path-goal theory of leadership, what type of leader behavior includes setting challenging goals for the employee with the expectation that those goals will be achieved?
In achievement oriented leadership where leader behavior includes setting challenging goals for the employee with the expectation that those goals will be achieved.
What are the leadership behaviors in the path-goal theory of leadership?
The four categories of leadership conduct identified by the path-goal theory are:
Achievement-orientedDirective path-goal clarifyingSupportiveParticipativeWhat must leaders do for their employees according to path-goal theory?
According to the path-goal theory, achievement-oriented leadership conduct involves encouraging subordinates to perform to the best of their ability by establishing high standards, praising excellence, and expressing faith in subordinates' talents.
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If the owner plans to ________ a business, he or she should be removing all surplus cash and tightening the cash-to-cash cycle to the shortest time possible
If the owner plans to sell a business, he or she should be removing all surplus cash and tightening the cash-to-cash cycle to the shortest time possible.
The cash conversion cycle (CCC) is a metric that measures how long it takes a business to turn its investments in inventory and other resources into cash flows from sales, expressed in days.
This metric considers how long it takes to sell inventory, how long it takes to collect receivables, and how long it can pay its obligations without being penalized.
Based on the way businesses operate, CCC will vary per industry sector.
The idea is crucial for evaluating finance needs because it is used to calculate how much money is required to fund continuing operations.
Hence, If the owner plans to sell a business, he or she should be removing all surplus cash and tightening the cash-to-cash cycle to the shortest time possible.
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A stock’s contribution to the market risk of a well-diversified portfolio is called risk. It can be measured by a metric called the beta coefficient, which calculates the degree to which a stock moves with the movements in the market.
A stock's contribution to the market risk of a well-diversified portfolio is called relevant risk. It can be measured by a metric called the beta coefficient, which calculates the degree to which a stock moves with the movements in the market.
What is Relevant Risk?Market-wide systemic risk or Relevant Risk is a given, reflecting the influence of monetary, geopolitical, and economic variables.Unsystematic risk, which affects a particular sector of the economy or type of security, is distinct from this sort of risk.Relevant Risk is frequently regarded as being challenging to avoid because it is entirely unpredictable.By creating a diversified portfolio, investors can partially lessen the effects of Relevant Risk.Other investment hazards, including industry risk, are driven by systematic risk. It is possible to diversify an investment portfolio by buying a variety of stocks in different industries, such as infrastructure and healthcare, if an investor has focused too much on cybersecurity stocks, for instance.To learn more about Relevant Risk with the given link
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If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.
If the quantity supplied by producers is relatively insensitive to price changes, supply is price inelastic.
Inelastic demand is demand for which the change in quantity demanded is small due to changes in price. Demand is elastic if the formula yields an absolute value greater than 1. In other words, quantity changes faster than price. If the value is less than 1, demand is inelastic.
For example, consumers are less price relatively insensitive if the product or service is unique or has few alternatives. Consumers are less price sensitive when total costs are low relative to total revenues. The total effort compared to the total cost of the final product also influences price sensitivity.
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Your question is incomplete. please read below to find the full content.
If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.
price inelastic.
quantity demanded.
relative price increase.
change in price.
Suppose that in the country of Worthland, the productive resources are owned by the state and most economic decisions are made by its central government. This country has a(n):
Suppose that in the country of Worthland, the productive resources are owned by the state and most economic decisions are made by its central government. This country has "planned economy".
What is planned economy?An economic system where the components of the economy (such as labor, capital, and natural resources) are under the direction and regulation of the government in order to meet the goals of an all-encompassing economic development plan; contrast with free enterprise.
Some features of planned economy are-
The government owns and controls all resources.Producer or consumer sovereignty do not exist.The pricing of products and services cannot be determined by market forces.The government's principal goal is to provide products and services to everyone, not to make a profit.As a result, the government decides what sorts of things and services will be created, how those goods and services will be made, and who will use them.Characteristics of this economy include-
governmental control of wages and pricing, limited property rights, government ownership of key businesses and industries, and robust black markets.To know more about planned economy, here
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Which of these is a financial institution owned by the account holders?
a. payday lending shop
b. commercial bank
c. credit union
d. check cashing outlet
Credit union is a financial institution owned by the account holders
What is payday lending shop?
This is a store which could be a physical or an online store that lends to individuals in expectation of their payday because such borrowings would be repaid from their next pay which could be salaries, pensions or social security payments, which means there is a difference between lenders and borrowers.
What is a commercial bank?
These are financial institutions that are owned by shareholders whose capital requirement demands that stocks be sold since it is usually huge.
What is a credit union?
This is a small-scale bank or financial institution owned by its customers that patronize it, in other words, the owners and customers are one and the same.
What is check cashing outlet?
This is an arm of the major banks that enables beneficiaries of checks to turn them to cash without the need to visit a full-fledge bank hall.
In essence, option c is the most appropriate in this case.
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The first step in estimating cash flow is to determine the _________ cash flows.
The first step in estimating cash flow is to determine the relevant cash flows.
Relevant cash flows are inflows and overflows of resources whose thought or ejection in the hypothesis assessment could influence the last endeavor choice.
This really expects that while making your capital spending plan, you will not consider cash or cash that has proactively been committed. Innovative work, factual reviewing, old tedious staff remunerations, and various costs won't be considered along with an errand's expected pay concerning thought for adventure examination.
For example, the cost of credibility studies can't be viewed as a relevant cost since whether the recommendation is supported or excused, the cost will go on as in the past.
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A recessionary gap occurs when:
a recessionary gap occurs when an economy is approaching recession
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Price is constant to the individual firm selling in a purely competitive market because Multiple Choice of product differentiation reinforced by extensive advertising. marginal costs are constant. the firm's demand curve is downsloping. each seller supplies a negligible fraction of total supply.
Price is constant to the individual firm selling in a purely competitive market because each seller supplies a negligible fraction of the total supply.
A hypothetical market system is referred to as perfect competition. There are no monopolies under a scenario of perfect competition. A few essential traits of this type of structure include:
All businesses sell the same thing (the product is a commodity or homogeneous).Every company is a price taker (they cannot influence the market price of their products).Price changes are unaffected by market share.Buyers have complete or perfect knowledge of the product being offered and the prices each company is asking (in the past, present, and future).Labor and capital resources are completely mobile.Companies are not charged to enter or leave the market.Hence, the price is constant to the individual firm selling in a purely competitive market because each seller supplies a negligible fraction of the total supply.
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Price is constant or given to the individual firm selling in a purely competitive market because : each seller supplies a negligible fraction of the total supply.
A competitive person is eager to be more successful than other people. He has always been ambitious and fiercely competitive. Synonyms: ambitious, pushing, opposing, etc.
Competitive people are usually the ones that have found something they care about deeply. They are good at finding a reason to care about what they're doing. They realize that they might not start out good at something, but they find a reason to practice and become better.
An example of competitive is the process in which major league baseball teams play against each other. An example of a competitive is a student who wants to be number one in her class.
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A network manager assists with developing a policy to protect the company from data exfiltration. The employee devises a list of focus points to include. Which plans, when consolidated, provide the best protection for the company? (Select all that apply.)
The plans that provide the best protection for the company are:
New employees complete initial and refresher trainings on document confidentiality and the use of encryptionOnly allow removable media if it is company property, if it is required to perform a task, and if it has been cleared through the proper channelsEncrypt all sensitive data at rest and disconnect systems that are storing archived data from the networkWhat is a data exfiltration?This refers to a technique used by malicious actors to target sensitive data remotely or which can be extremely difficult to detect given it often resembles business-justified network traffic.
Therefore, the Option B, C and D are correct.
Missing options "Store backups of critical data that may be targeted for destruction or ransom on site within a secure space.
New employees complete initial and refresher training on document confidentiality and data loss prevention.
Only allow removable media if it is company property, required to perform a task, and has been cleared through the proper channels.
Encrypt all sensitive data at rest and disconnect systems that are storing archived data from the
network"
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Siskiyou, inc. Has total current assets of $1,200,000; total current liabilities of $500,000; and long term assets of $800,000. How much is the firm's total liabilities & equity?
the firm's total liabilities & equity is $2,000,000.
Given,
total current assets = $1,200,000
long-term assets = $800,000
total current liabilities = $500,000
Using the Accounting equation:
Assets = Liabilities + Equity
Now, substituting the values in the above equation.
Also. remember total assets include both current and long term assets.
Therefore, $1,200,000 + $800,000 = Liabilities + Equity
Liabilities + Equity = $2,000,000
The entire assets of a corporation are equal to the sum of its liabilities and shareholders' equity, according to the accounting equation.
Hence, the firm's total liabilities & equity is $2,000,000.
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Stag industries, annually rewards the top ten employees in terms of goal achievement with a trip to the caribbean. This action of stag industries is based on _____
Stag industries, annually rewards the top ten employees in terms of goal achievement with a trip to the Caribbean. This action of stag industries is based on Behavior modification theory.
Stag industries are a real estate investment trust which focuses on the acquisition and operation of industrial properties throughout the United States. Stag has developed an investment strategy that helps investors to find a powerful balance of income plus growth.
Behavior modification theory is an approach that, over time, may replace undesirable actions and behaviors with more desirable ones. Here it can be seen Stag industries desirable action and behavior, as they are annually rewarding the top ten employees in terms of goal achievement with a trip to the Caribbean.
Hence, the action of stag industries rewarding their employees is based on behavior modification theory.
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