The multifactor productivity is 1.32 for the week
By comparing the quantity of goods and services produced (output) with the quantity of inputs required to produce those goods and services, productivity is a measure of economic performance.
Total output = 600 units
Selling price per unit = $50
Total output in dollars = 600*50 = $30000
labour cost for 8 workers at 40 hours for the week = $20 per hour
Total labour cost = 8*40*20 = $6400
Total material cost for 600 units = $8000
Overhead cost = 1.3*6400 = $8320
Multifactor productivity = Total output/(Total labour cost + Total material cost + Overhead cost)
= 30000/(6400 + 8000 + 8320)
= 30000/22720
= 1.32
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in a market system, which of the following will eliminate high-cost producers and allow only the low-cost producers to survive?
In a market system, of the following will eliminate high-cost producers and allow only the low-cost producers to survive competition.
What principal mechanism controls the functioning of the market system?The market system's regulation mechanism is competition.
Which qualifies as a market system characteristic?The role of a limited government is one of the most crucial elements of a market economy, also known as a free enterprise economy. Instead of the government, buyers and sellers make the majority of economic decisions. A market economy that is competitive encourages resource management that is effective.
Why are businesses driven to reduce production costs?Because of the threat of higher-cost producers being driven out of the market by competition, businesses are driven to reduce production costs. Employees and suppliers are typically protected against danger under a market system, but at the expense of not sharing in the company's earnings.
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according to the bcg matrix, business divisions that are in a high market share, high growth quadrant are called .
According to the BCG matrix, business divisions that are in a high market share, high growth quadrant are called Star.
The BCG matrix is a framework for assessing the relative attractiveness of different businesses or products within a company's portfolio. It is a tool for managing a company's portfolio of products and businesses, and for identifying and prioritizing opportunities for growth.
The BCG matrix is a helpful tool for managing a business portfolio of products and companies, and for identifying and prioritizing opportunities for growth.
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questioning and answering while business presentation you have worked with the research department to implement the research plan. the team has gathered the data, checked it for accuracy, and coded it for analysis. how should you present your findings so that the vp of marketing can best utilize them? select an option from the choices below and click submit.
Present only those important insights and findings that you think will be useful in the major decisions made by management. By this, you present your findings so that the VP of marketing can best utilize them.
Advertising and marketing is a term that covers a whole gamut of sports aiming to make humans aware of your services and products and convince them to buy the equal. even as marketing is the maximum commonplace manner of advertising, it also entails client research, and product design, in addition to different elements.
The cause of marketing is to attain your audience and speak the blessings of your services or products — so that you can correctly accumulate, hold, and grow customers. So, your advertising and marketing goals need to relate to the particular commercial enterprise objectives your enterprise desires to gain.
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true or false: sending emails is an outdated and relatively unused practice when it comes to launching a product.
False, sending emails is not an old and little-used strategy for introducing a product.
The thing being sold is called a "product." An item or service can be considered a product. Physical, virtual, or cyberspace forms are all product possible. Every good has a price because it costs money to strategy produce it. The market, quality, marketing, and targeted market segment all affect the price that can be charged. Every product has a shelf life after which it needs to be replaced and a life cycle after which it needs to be redesigned. To make a brand more applicable to the market and the times, in FMCG parlance, it can be extended, relaunched, or revamped.
A product must be applicable; users must find immediate use for it. A product must have the functionality and quality to carry out its intended function.
It's important to communicate a product's benefits to users and potential users so they understand why they should use it and how it will improve strategy their lives. This is best achieved through marketing and "brand building."
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the earliest approach to the study of leadership was group of answer choices transformational leadership. behavioral approach. trait approach. transactional leadership.
the earliest approach to the study of leadership is Trait Approach
What is Leadership?Leadership is both a topic of study and a practical aptitude that refers to the capacity of an individual, group, or organization to "lead," influence, or guide other individuals, groups, or entire organizations. It's common to view "leadership" as a divisive concept.
What makes leadership so crucial?A key management duty is to direct an organization's resources toward enhanced efficiency and goal achievement. Effective leaders set clear objectives and inspire and encourage their staff to achieve the objectives of the organization.
Lewin categorized leadership into three categories
autocratic democratic, laissez-faire.What is Trait Approach?According to the trait theory of leadership, leaders are defined by a set of innate or inborn traits. These characteristics could be psychological, physiological, intellectual, or other traits.
The concept makes an effort to link physical characteristics like height and weight to successful leadership. The majority of these elements are situational in nature. For instance, a certain weight and height may be required to effectively carry out the duties of a military command position.What is trait theory's primary objective?
Trait theorists look for our constant traits and behavioural patterns in an effort to explain our personality. They have recognized crucial aspects of personality.
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abba, inc. has developed the following standards for one of its products: direct materials - 1/2 pound at $6.00 per pound; direct labor - 1/4 hour at $20.00 per hour; variable overhead - 20% of direct labor cost. total fixed overhead is expected to be $15,000 and the company expects to produce 7,500 units. the standard cost card for this product will show a cost per unit of
If the company expects to produce 7,500 units. the standard cost card for this product will show a cost per unit of $11.00 per unit.
How to find the cost per unit?Using this formula to find the Cost per unit
Cost per unit = Direct materials + Direct labor + Variable overhead + (Fixed cost / Units produced)
Let plug in the formula
Cost per units = (1/2 x $6.00) + (1/4 x $20.00) + ($5.00 x 20%) + ($15,000/7,500)
Cost per unit = $3 + $5 + $1+ $2
Cost per unit = $11.00 per unit
Therefore the cost per units is $11.
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The manager of a 150-unit apartment complex knows from experience that all units will be occupied if the rent is $1000 per month. A market survey suggests that, on average, one additional unit will remain vacant for each $20 increase in rent. What rent should the manager charge to maximize revenue?.
The rent that the manager should charge to maximize revenue will be $2,000.
In business, a rent is known as the cost incurred by a business to utilize a property or location for an office, retail space, factory, or storage space.
Initially, to find revenue by coming up we can calculate with an equation below:
Revenue = Price × Revenue
Where, price = 1000 + 20x
Quantity = 150 - x
R(x) = (1000+20x) (150-x)
R(x) = 150000 - 1000x + 3000x - 20x²
R(x) = - 20x² + 2000x + 150000
To maximize the revenue, we calculate the derivative and set it to zero:
R(x) = - 20x² + 2000x + 150000
R(x) = -40x + 2000
-40x + 2000 = 0
40x = 2000
x = 50
After we find the amount of X, thus we determine the rent that the manager should charge to maximize revenue
Price=$1000+20x
Price=$1000+20(50)
Price=$1,000 + 1,000
Price = $2,000
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The toxicity that was reported to exist at the management level within uber made rachel whetstone’s job of communicating to others more difficult because it acted as.
It acted as Noise, the toxicity that was reported to exist at the management level of Uber made it harder for Rachel Whetstone to communicate with other people.
It's psychological noise, and it's hard to get away from it when you know it exists in the organization, causing people to lose focus at work and not work well with others.
What is the meaning of psychological noise?
Psychological noise is caused by internal thoughts of the receiver that interrupt the speaker's message. For instance, it can be challenging to fully concentrate on comprehending a message when you are preoccupied with personal issues.
Psychological noise is caused by internal thoughts of the receiver that interrupt the speaker's message. For instance, it can be challenging to fully concentrate on comprehending a message when you are preoccupied with personal issues.
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what, according to the memo, are some of the negative effects of air pollution? decreased cognitive performance slow economic growth increased mortality an increase in premature births
According to the memo, are some of the negative effects of air pollutions decreased cognitive.
Air pollution is contamination of the indoor or outdoor surroundings with the aid of any chemical, physical or biological agent that modifies the herbal characteristics of the surroundings.
Family combustion gadgets, motor vehicles, commercial facilities and woodland fires are commonplace sources of air pollutants.
Air pollution is the contamination of air due to the presence of substances in the ecosystem that are dangerous to the health of humans and other living beings, or purpose harm to the weather or to materials. there are numerous unique sorts of air pollutants, including gases, particulates, and organic molecules.
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five years ago you took out a 30-year mortgage with an apr of 4.15% for $350,000. if you were to refinance the mortgage today for 15 years at an apr of 3.45%, how much would your monthly payment change by? group of answer choices
Five years ago you took out a 30-year mortgage with an apr of 4.15% for $350,000. if you were to refinance the mortgage today for 15 years at an apr of 3.45%, The monthly payment will decrease by $104.79.
Refinancing occurs when the conditions of an existing loan are met, such as: B. Interest Rates, Payment Schedules, or Other Terms. Borrowers tend to refinance when interest rates fall. Refinancing involves reassessing a person's or business' credit and repayment status.
Refinancing is when a homeowner gets a new mortgage to replace their current mortgage. A new loan is meant to save you money or achieve another financial goal. For example, most people refinance to lower interest rates and pay less on their mortgage, often saving thousands of dollars in interest on their mortgage.
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a list of specific goods and services in fixed quantities that economists use to evaluate the cost of living across time and place is called a(n) . multiple choice question. efficient market perfectly competitive market product offer market basket
a list of specific goods and services in fixed quantities that economists use to evaluate the cost of living across time and place is called a market basket
A market basket is a carefully selected group of products or assets designed to track the overall performance of a particular market segment. A basket of goods is another name for this.
Market basket economics focuses on the Consumer Price Index (CPI), which tracks the prices of various consumer goods and uses them to estimate inflation. However, for investors, a market basket refers to financial securities and is the underlying concept of index funds.
Baskets can also be found in the securities markets, where program traders can take a series of positions in multiple stocks or currencies at the same time.
A market basket is a carefully chosen mix of goods and services that tracks the performance of a particular market or segment.
The Consumer Price Index (CPI) is a popular market basket that provides an estimate of inflation based on the average change in price paid for a specific basket of goods and services over time.
As an economic measure, the CPI employs over 200 categories, including education, housing, transportation, and recreation.
Retail stores use market basket analysis to predict and increase impulse purchases based on groups of items purchased by customers.
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in fighting ambushing marketing, who should be responsible, the host venue or organizer or the sponsoring brands?
During the most recent soccer tournament made headlines. This note defines ambush marketing, details how businesses can breaking ambush marketing regulations developing marketing strategies.
Ambush advertising occurs when an organization that isn't a political tournament candidate sponsors an event (like a sporting competition or music ambush marketing festival) and engages in promotional activities in an effort to establish an association with the event or to take advantage of the event's profile without the owner's consent.
For instance, if a retailer of consumer goods on the high street published an advertisement for "World Cup WAG handbags" or "Olympic Special ambush marketing Offer: two for one sports gear," readers might assume that the company has some connection to the world Cup or the Olympics.
Because they must protect the value of their own commercial rights in tournament the event and because they may have chosen official sponsors (possibly direct competitors of the advertiser) who have paid significant sums for the exclusive rights to be formally associated with the event, event owners frequently respond angrily to ambush advertising.
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the fact that research shows that 25% of workers are burned out, and 44% more are burned out occasionally suggests that workers are neglecting what? multiple choice question.
The fact that research shows that 25% of workers are burned out, and 44% more are burned out occasionally suggests that workers are neglecting: C. Recharging each day.
What is physical fitness?Physical fitness can be defined as a measure of both the physical and mental soundness (wellness) or ability of an individual to engage in physical exercises, sports, work and other day-to-day activities.
The five components of physical fitness.Generally, there are five (5) main components of physical fitness and these include the following:
Body fat compositionFlexibilityMuscular enduranceCardiovascular enduranceMuscular strengthSince research has shown that 25 percent of workers are burned out while 44 percent more are burned out occasionally, we can reasonably infer and logically deduce that these workers have neglected the need to recharge daily.
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Complete Question:
The fact that research shows that 25% of workers are burned out, and 44% more are burned out occasionally suggests that workers are neglecting what?
Multiple choice question.
Practicing self-direction
Maintaining consistent focus
Recharging each day
Meeting goals each day
janet saves $3,000 a year at an interest rate of 4.2 percent. what will her savings be worth at the end of 35 years?
Future cost is a value of an investment or asset on a specific date in the future.
To put it every other way, the future cost is the quantity of money a given funding will be really worth after a certain period, assuming a unique price of return (interest rate).
How do I calculate future value?You can calculate future fee with compound interest the usage of this formula: future fee = existing fee x (1 + hobby rate)n. To calculate future value with simple interest, use this formula: future fee = present fee x [1 + (interest fee x time)].
How a whole lot will I have if I make investments 100 a month for 30 years?Long-term investor: Let's say that you are investing $100 per month with retirement in mind. You graph to make investments $100 per month for 30 years and anticipate a 6% return. In this case, you would make a contribution $36,000 over your funding timeline.
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https://brainly.com/question/2549802#SPJ4in year 1, shell company understated their ending inventory. what is the effect of this error in year 2? (check all that apply).
The effect of this error will be that the Beginning inventory will be understated and the Cost of goods sold will be understated.
Inventory may be defined as the storehouse within the organization or business manufacturing company where all the goods manufactured and ready to be delivered or shipped are kept. It is necessary to keep tract of the inventory as the value of the goods in the inventory may change at any time. If the ending inventory is understated then their will be discrepancies within the beginning inventory for the coming year. This will happen because the calculations of the new year depends on the calculations of the previous year. Also the cost of the goods will be understated because the cost of goods change with time and in determining the new cost, the previous cost plays an important role.
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austin and erin are willing to pay $10 and $9, respectively, for a ticket to a screening of a new movie. what is the total consumer surplus for both austin and erin if the market price of a ticket is $6?
The answer for the given question is austin and erin if the market price of a ticket is is $7.
Consumer surplus:
In terms of economics, the consumer surplus and producer surplus are added up to determine the ecosystem's overall surplus. The amount that customers are prepared to spend beyond the market price is known as the consumer surplus.
A financial estimation of the advantages that consumers gain through market competition is known as consumer surplus. When customers pay less for a good or service than they would be willing to, this is known as consumer surplus. It gauges the added value that consumers receive when they pay less for something they would have been willing to.
Consumer surplus occurs when consumers pay less for a commodity or service than they'd be willing to. Consumer surplus is based on the economic idea of marginal utility, which is the extra pleasure a consumer gets from buying one more unit of a good or service.
The overall consumer surplus as calculated is $7.
Given are the overall consumer surpluses:
= Consumer surplus for Austin + consumer surplus for Erin
= (Willingness to pay for Austin - market price) + (willingness to pay for Erin - market price)
= ($10−$6)+($9−$6)
= $4+$3
= $7
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demand and revenues for a monopoly price (dollars) quantity (units) total revenue (dollars) marginal revenue (dollars) $40 0 $35 5 $30 10 $25 15 $20 20 $15 25 using the demand schedule, what is the marginal revenue (mr) for the 10th unit?
Marginal revenue is the difference between the total revenue for a particular unit of output and the total revenue for the unit of output that came before it. Total revenue is equal to Price minus the quantity demanded.
Marginal profit is the difference between marginal cost (MC) and marginal revenue (MR).At some level of output, if marginal revenue is greater than marginal cost, marginal profit is positive, implying that more should be produced. On the other hand, if marginal revenue is lower than marginal cost, marginal profit is negative, implying that less should be produced.Profit is maximized at the output level where marginal revenue equals marginal cost, where marginal profit is zero.
At an output level of two units, the Marginal Revenue and Marginal Cost equalize if the Marginal Cost is set at $30.
As a result, the output that maximizes profits is two units.
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is 12b-item7 10 points ebookprintreferencescheck my workcheck my work button is now enableditem 7 the common stock of the p.u.t.t. corporation has been trading in a narrow price range for the past month, and you are convinced it is going to break far out of that range in the next 3 months. you do not know whether it will go up or down, however. the current price of the stock is $85 per share, and the price of a 3-month call option at an exercise price of $85 is $8.00. a. if the risk-free interest rate is 9% per year, what must be the price of a 3-month put option on p.u.t.t. stock at an exercise price of $85? (the stock pays no dividends.)
The price of a 3 month put option stock will be $6.19.
The difference between the price at which we can sell the underlying asset to the writer and the price at which the asset can be sold/bought in the market is the value of a put option.
Calculation for the price of a 3-month put option on P.U.T.T. stock
Using this formula
P = C-S+[X/(1+r)T]
Where,
C represent call option price =$ 8
S represent stock price = $85
X represent exercise price =$85
T represent time period of put option =3 or 1/4months
R represent risk free return = 9%
P = C-S+[X/(1+r)T]
P = 8-85+[85/(1+0.9)1/4]
P = 8-85+[85/(1.9)1/4]
P = $6.19
Therefore the price of a 3 month put option stock will be $6.19
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as chief financial officer, you want to send the fourth quarter profit/loss spreadsheets to the president of the company. you know that his administrative assistant often checks his email and there is confidential information in the report that his assistant should not be able to access. how could you send the report without worrying about someone else accessing it?
Using encryption, he sent the report without being concerned that someone else would read its contents.
What do security and encryption entail?Data is converted from a readable format into an encoded format by encryption in the context of cyber security. Only after it has been decrypted can encrypted data be read or processed. The fundamental cornerstone of data security is encryption.Data can be encrypted in order to make it unintelligible to anybody but the intended recipients. In technical words, it is the process of transforming plaintext that can be read by humans into ciphertext, or unintelligible text.Symmetric and asymmetric encryption are the two forms of encryption that are currently in use. The name is based on whether the same key is employed during encryption and decryption.To learn more about Encryption refer to:
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a company's mission statement typically addresses who are we and what do we do? what objectives and level of performance do we want to achieve? where are we going and what should our strategy be? what approach should we take to achieve sustainable competitive advantage? what business model should we employ to achieve our objectives and our vision?
A company's mission statement typically addresses the question of Who are we and what do we do.
A company's mission statement is its reason for existing. It is the guiding force behind all of the company's decisions and actions. The mission statement should be a clear and concise statement of the company's purpose.
The statement should be easy for everyone in the company to understand and remember. The mission statement should be aspirational, yet achievable. It should inspire employees and customers alike.
Hence, the correct option is (A).
The question is incomplete, the complete question is:
A company's mission statement typically addresses which of the following questions?
A. Who are we and what do we do?
B. What objectives and level of performance do we want to achieve?
C. Where are we going and what should our strategy be?
D. What approach should we take to achieve sustainable competitive advantage?
E. What business model should we employ to achieve our objectives and our vision?
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the dominant factor in choosing a subchapter s corporation as a form of doing business instead of a regular corporation continuity. transferability of owners interest. liability. management control. none of the above.
Option 2. The dominant factor in choosing a subchapter s corporation as a form of doing business instead of a regular corporation continuity is liability
What is the subchapter s corporation?S corporations, often known as subchapter S corporations, are taxed on a "flow-through" basis. This implies that tax obligations from income (or deductions from losses) are transferred to the shareholders of the corporations for individual declaration.
For the purposes of federal taxation, S companies are businesses that choose to pass through to their shareholders corporate income, losses, deductions, and credits.
Regardless of its tax status, a S corporation offers owners limited liability protection, which is a significant benefit. Limited liability protection protects the owners' personal assets from the demands of the company's creditors,
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transaction exposure is defined as group of answer choices the sensitivity of realized domestic currency values of the firm's contractual cash flows denominated in foreign currencies to unexpected exchange rate changes. the extent to which the value of the firm would be affected by unanticipated changes in exchange rate. the potential that the firm's consolidated financial statement can be affected by changes in exchange rates. ex post and ex ante currency exposures.
Transaction exposure is defined as the sensitivity of realized domestic currency values of the firm's contractual cash flows denominated in foreign currencies to unexpected exchange rate changes.
Transaction exposure is a type of risk faced due to exchange rate fluctuations by companies involved in trade with other countries. The exchange rate between currencies of two countries should be equal to the ratio of the countries' price levels and as the purchasing power of a currency sharply declines (due to hyperinflation) that currency will depreciate against currencies that didn't show any kind of fluctuation. If an exporter faced with exposure to a depreciating currency pays late and collects early, then in both cases he will earn profit. In an appreciating currency, he should pay early and collect late.
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a cash outlay that was incurred in the past and cannot be recovered in the future regardless of whether the proposed project is accepted or not is known as a
Money that has already been spent and cannot be recouped is known as a sunk cost. The sunk cost phenomenon in business is an example of the notion that one must "spend money to make money."
Sunk costs are distinct from potential expenses that a company may incur in the future, such as choices regarding the price of products or the cost of purchasing inventory. Sunk costs are not considered in future business decisions since they will not change regardless of the outcome. An unrecoverable expense that has already been made is referred to as a sunk cost.
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byron owned stock in blossom corporation that he donated to a museum (a qualified charitable organization) on june 8, 2018. what is the amount of byron's deduction assuming that he had purchased the stock for $10,500 last year on august 7, 2017 and the stock had a fair market value of $13,800 when he made the donation?
b. $10,000 in long-term securities The fair market value of the securities on the date of the gift is generally the amount that an individual can claim as a charitable gift for federal income tax.
Purposes if they donate securities held for a long time to a "public" charity, such as a church, educational institution, health care organization, or other cause. See section 170(b)(1)(A) of the Internal Revenue Code.
At least one year and one day is considered "long-term. "See section 1222(3) of the IRC. The holding period for appreciated property gifts at full market value that qualify as long-term property remains twelve months and one day.
Short-term securities: In contrast, the donor's cost basis in the securities, if it is less than the securities' fair market value, is the amount that can be claimed as a charitable gift in the case of donated securities held for a short period of time. See IRC area 170(e)(1)(A).
Securities whose value has decreased in a mannerDonating shares that have lost value since being purchased is generally not advised because, for federal income tax purposes, a gift of such an investment does not result in the realization of the potential capital loss. Instead, the donor ought to give the proceeds from the sale of the shares after realizing the loss by selling the shares.
As a result, securities are held for a brief period of time because the holding period from August 7 (last year) to June 8 (this year) is less than 12 months. The investment's cost of $10,000 is less than its fair market value, which is $13,800.Therefore, a deduction of $10,000 will be made.
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residential construction company agrees with its employees' union not to buy any nonunion-produced goods from other firms for use on residential construction job sites. this is
Residential Construction Company agrees with its employees' union not to buy any nonunion-produced goods from other firms for use on Residential Construction job sites. This is a prohibited secondary boycott.
What is Residential Construction?
Construction on single-family or two-family homes that are used, or planned to be used, largely for residential purposes is referred to as residential construction. A project is a set of activities carried out by a construction business for a buyer in residential construction. These projects often involve remodels, additions, renovations, design-builds, or brand-new homes that include all the financial information, project schedules, documentation, tasks, and communications needed to complete the work from beginning to end.
Any form of construction must follow specified rules and can only begin when a permit has been secured from the state's granting agency. This is necessary to ensure that the project moves forward securely and without putting anyone's life in danger before, during, or after the building's construction.
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in the 1980s, both the u.s. government budget and u.s. trade deficits increased. a. true b. false
In the 1980s, both the us' government budget and us' trade deficits increased False.
Why did the US accumulate significant deficits in the 1980s?The 1980s had significant budget deficits as a result of Ronald Reagan's increased expenditure and related tax cuts.
Why did commerce in the 1980s become unbalanced?America's trade deficit progressively worsened throughout the 1980s, establishing record imbalances year after year. Part of the blame for this can be attributed to the massive federal budget deficits, which boosted demand in the economy.
Has there been a rise or fall in the trade deficit?According to the U.S. Census Bureau, the United States' monthly trade deficit grew in September 2022. Due to an increase in imports and a decline in exports, the deficit rose from $65.7.
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arbitration is an agreement to bring in an impartial third party called an arbitrator to render a binding decision in a labor or other dispute. group of answer choices true false
The statement is true since to bring in an impartial third party called an arbitrator to render a binding decision in labor or other dispute in an agreement called arbitration.
A judge who is impartial and in charge of arbitrating disputes acts as the judge in arbitration. The arbitrator hears each side's argument and relevant evidence, then makes a binding decision. A dispute may be submitted to one or more arbitrators through the process of arbitration with the consent of the parties, who then render a legally binding decision. The parties decide against going to court by choosing arbitration as their method of private dispute resolution.
A worker and employer's disagreement can be settled outside of court through arbitration. A neutral arbitrator, who hears arguments from both sides and renders a decision on the merits of the case, presides over arbitration proceedings.
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the horizontal revolution is characterized by the fact that . a. only companies can communicate with huge numbers of people. b. only governments can communicate with huge numbers of people. c. information flows from big companies down to the people. d. information flows from governments down to big companies. e. information flows across people.
The horizontal revolution is characterized by the fact that information flows across people. Option (e) is correct.
Social media, in its most basic sense, is a group of computer-mediated technologies that make it simple for individuals to access, send, and exchange information of all kinds. According to Tuten and Solomon (2014), social media refers to "the means of communication, conveyance, collaboration and nurturing among interconnected and interdependent networks of individuals and communities using the new technology."
They refer to this information transfer from major corporations or governments to a sizable population as a horizontal revolution. This transfer occurs with the click of a keypad.
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suppose lewis lives in a community with no price controls. what would he expect will happen if his town borders a community where there is a binding price floor on most products?
Option a.) Legal market prices will rise in the community with a binding price and the prices and quantities sold in communities without non-binding price caps will increase to the prices in communities with non-binding prices. and sales volume.
With binding price caps and the prices and quantities sold in communities without non-binding price caps will increase to the prices in communities with non-binding prices. and sales volume. cap.
"Statutory Market Price" means the current price obtained in the ordinary course of business obtained through open bargaining between a buyer and a seller, and may be verified by sources independent of competition or suppliers. Slightly lower demand going out.
Fair market price means a price based on reasonable costs under normal competitive conditions, not the lowest possible cost
Here is the full question -
Suppose Lewis lives in a community with no price control. What would he expect if his town abuts a municipality that mandates lowest prices on most products?
A) Prices increase in legal markets in communities where minimum prices are mandated.
B) Prices will fall in the legal market of the community where minimum prices are mandated. C) A binding minimum price creates a community surplus.
D) More consumers buy products at the lowest prices within the community.
E) His community's black market will be larger than the community's black market with the required minimum price.
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how much will you accumulate if you deposit $100 each month for 10 years into an account earning 3.6% apr?
You will accumulate $12432 after 10 years into a account earning 3.6% APR.
What is APR?The term annual percentage rate of charge refers to the interest rate for an entire year rather than just a monthly fee or rate as applied on a loan, home loan, credit card, etc. It can also be referred to as a nominal APR or an effective APR. It is an annual rate of a finance charge. The cost of borrowing money each year, including fees, is stated as an annual percentage rate (APR). The best credit card APR is one that is around 10%, but you might need to visit your neighbourhood bank or credit union to discover one. An APR that is lower than the average would also be regarded
Hence, You will accumulate $12432 after 10 years into a account earning 3.6% APR.
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