Answer:
The original amount in the first sack is 80 lb of flour
The original amount in the second sack is 60 lb of flour
Explanation:
Let x represent the first sack and y represent the second sack
x + y = 140 --------- eqn (1)
One-eight of the flour from the first sack is (1/8)x = x/8
x - x/8 = y + x/8
7x/8 = (x + 8y)/8
7x = x + 8y
7x - x = 8y
6x = 8y
x = 8y/6
Substitute x = 8y/6 in eqn (1)
x + y = 140
8y/6 + y = 140
Multiply each term by 6
8y + 6y = 840
14y = 840
y = 840/14 = 60
x = 8y/6 = 8×60/6 = 8×10 = 80
First sack (x) = 80 lb of flour
Second sack (y) = 60 lb of flour
Which of the following is true?a. Anticipated inflation is an increase in the price level that comes as a surprise, at least to most individuals.b. Unanticipated inflation is a change in the price level that is widely expected.c. Decision makers are generally able to anticipate slow steady rates of inflation with a fairly high degree of accuracy.d. Inflation will increase the prices of goods and services that households purchase but not the wage rates of workers.
Answer:
Option "C" is the correct answer to the following statement.
Explanation:
Decision-makers are usually highly skilled in Forecasting Inflation, they educate themselves to get knowledge and skill which will help them to Anticipate inflation slow market rates.
Decision-makers probably expect with a particularly high level of certainty with these forecast many industries change their plans according to inflation.
"The way in which a manager working in the country of Batangonia interacts with a manager working in the country of Octavia is the same way in which he or she behaves when doing business with an executive working in the country of Cordia. This scenario exemplifies"
Answer: The scenario exemplifies simplification.
Explanation:
Simplification is a process used to make something easier to understand. It can also be used to help something more simple to learn and also to easier to do.
With this scenario, the manager is interacting the exact same way as they always do no matter where they are located. This is helpful because the manager does not need to learn or remember to change the way they act when meeting someone new in business.
Examples of intangible benefits include all of the following except a(n) ____. Group of answer choices sales tracking system that supplies better information for marketing decisions new Web site that enhances the company’s image online package tracking system that decreases the need for clerical staff user-friendly system that improves employee job satisfaction
Answer:
The correct answer is: online package tracking system that decreases the need for clerical staff.
Explanation:
Intangible benefits are attractive to employers for several reasons. Employees who receive these benefits often feel appreciated and motivated to work harder. Company managers can also enjoy the flexibility of choosing intangible benefits that fit each employee. For example, one employee might prefer to receive recognition for a job well done, while another would prefer a four-day work week. Some people only consider working for companies that offer certain intangible benefits, such as telecommuting or the prestige of working for a known company. Offering these benefits keeps the company competitive when it comes to acquiring new talent.
If during 2009, the country of Sildavia recorded a GDP of $65 billion, interest payments of $15 billion, imports of $13 billion, profits of $7 billion, exports of $15 billion, and rent of $7 billion, wages during 2009 in Sildavida were:___________.
Answer:
36 billion
Explanation:
The GDP can be calculated using the income approach in which the output of a country is equal to the total income people receive in that country.
GDP= Compensation of employees + Net interest + Rental income + Corporate profits
From this formula, you can isolate the compensation of employees:
Compensation of employees= GDP-Net interest - Rental income - Corporate profits
Compensation of employees= $65-$15-$7-$7
Compensation of employees= $65-$29
Compensation of employees= $36
The wages during 2009 in Sildavida were: $36 billion.
How much can Jorge afford to spend on a monthly car payment if his excess monthly cash flow is $380, and he expects the following monthly expenses: $42 gas, $100 insurance, and $24 for maintenance and repairs
Answer:
$214
Explanation:
If we can assume that Jorge's monthly expenses once he buys the car will only increase by = gas ($42) + insurance ($100) + (maintenance and repairs ($24) = $166 in total,
Then he will have $214 to cover his monthly car payment: excess monthly cash flow - total additional expenses = 380 - $166 = $214
A project's payback period is the ______. estimated length of the capital investment project from the initial cash outflow to the end of the project length of time it takes for the project to begin to generate cash inflows length of time it takes for the project to recover its initial cost from the net cash inflows generated useful life of the capital asset purchased
Answer: Length of time it takes for the project to recover its initial cost from the net cash inflows generated
Explanation:
A Payback period like the term implies is simply how long it will take to pay back the original investment.
Going further it is how long it will take to pay back the original investment from the cash inflows that the project will generate.
For example, if a project costs $200 to initiate and each year has cash inflows of $50 dollars every year then all else being equal, the initial capital should be paid off in 4 years.
4 years in this scenario is the Payback Period.
"The way in which a manager working in the country of Batangonia interacts with a manager working in the country of Octavia is the same way in which he or she behaves when doing business with an executive working in the country of Cordia. This scenario exemplifies"
Answer:
Simplification
Explanation:
Simplification is a technique that is used to simplify the processes, organize them and eliminate parts that are not necessary to increase productivity and have consistency. According to this, the answer is that the scenario exemplifies simplification because you can inferred that the company established a process to handle interactions for all the managers to use that eliminates unnecessary steps and helps to have an standard way to manage them that allows consistency.
On September 23, Reese Company received a $350 check from Mike Moluf for services to be performed in the future. The bookkeeper for Reese Company incorrectly debited Cash for $350 and credited Accounts Receivable for $350. The amounts have been posted to the ledger. To correct this entry, the bookkeeper shoulddebit Accounts Receivable $350 and credit Service Revenue $350.
debit Accounts Receivable $350 and credit Unearned Service Revenue $350.
debit Cash $350 and credit Unearned Service Revenue $350.
debit Accounts Receivable $350 and credit Cash $350.
Answer:
debit Accounts Receivable $350 and credit Unearned Service Revenue $350
Explanation:
The bookkeeper incorrectly made the following journal entry:
Dr Cash 350
Cr Accounts receivable 350
The correct entry should have been:
Dr Cash 350
Cr Unearned revenue 350
So the adjusting entry should be:
Dr Accounts receivable 350
Cr Unearned revenue 350
The correct action to rectify the mistake made by Reese Company's bookkeeper is to debit Accounts Receivable and credit Unearned Service Revenue, reflecting the $350 as a liability for services yet to be provided.
Explanation:When Reese Company received a $350 check from Mike Moluf for services to be performed in the future, and incorrectly recorded it as a debit to Cash and a credit to Accounts Receivable, the correct procedure to rectify this error involves acknowledging that the money received is for services that have not yet been provided. Therefore, the correct accounting entry should represent this transaction as a liability (since the service has not yet been performed) rather than as revenue or receivables from sales or services that have already been provided.
The correct action to rectify the mistake is to debit Accounts Receivable for $350 to reverse the incorrect entry, and then credit Unearned Service Revenue for $350. This entry correctly reflects that the $350 is received for services that are to be provided in the future - essentially, this amount is a liability for the company until the service is performed, at which point it can be recognized as revenue.
You need to hire an analyst for an important project team. It is essential that the new employee work well on the already established team in order to meet the project's challenging deadlines. The most talented candidate doesn't have any team experience and when asked in the interview about his team experience he replied, "I prefer to work alone. I'm much more efficient alone." What should you do?
Answer:
given the circumstance and the reply given by the candidate, Looking for a different candidate will be the best alternative.
Explanation:
since the most talented candidate doesn't have any team experience and prefers working alone, it's best to move on and look for a candidate that has an experience working in/with a team.
Due to the candidate’s lack of team experience and preference for solo work, a hiring manager must assess potential for team integration and ability to contribute to team synergy. Training may be offered to develop teamwork skills if the individual's talents are indispensable, but a balance should be struck with solo assignments.
When faced with the decision of hiring an analyst for a team-focused project, it is crucial to gauge not only the individual's technical abilities but also their propensity for teamwork. Given the importance of the new employee's integration into an established project team, despite the candidate’s talent, the lack of team experience and preference for solo work pose significant concerns. In alignment with the insights presented by Dan Collins and the research findings of Humphrey et al. (2007), Stevens & Campion (1999), and Hirschfeld et al. (2006), a capable team member should not only have the necessary knowledge, skills, and abilities (KSAs), but should also possess the personality traits and attitudes conducive to teamwork, such as conflict resolution, motivation, planning, and leadership. Therefore, considering the project's challenging deadlines, the hiring manager should evaluate the candidate's potential for team synergy, the ability to adapt to team dynamics, and weigh the possibility of offering training to develop these essential interpersonal skills. If the talent of the individual is indispensable, the hiring manager might seek to strike a balance by providing tailored teamwork training in tandem with assignments that can harness the analyst's efficiency in solo tasks when suitable.
Find the accumulated value of an investment of $ 20 comma 000 for 5 years at an interest rate of 6.5 % if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly d. compounded continuously.
Answer:
A) $27,537.89
B) $27,608.40
C) $27,656.90
D) $27,680.61
Explanation:
present value = $20,000
n = 10 , 20 , 60
i = 3.25% , 1.625% , 0.5417%
a. compounded semiannually;
future value = $20,000 x 1.0325¹⁰ = $27,537.89
b. compounded quarterly;
future value = $20,000 x 1.01625²⁰ = $27,608.40
c. compounded monthly
future value = $20,000 x 1.005417⁶⁰ = $27,656.90
d. compounded continuously.
A = Peˣⁿ
where:
A = future value = ?P = principal = $20,000e = mathematical constant = 2.71828x = interest rate = 6.5% = 0.065n = periods = 5 yearsA = $20,000 x 2.71828⁰°⁰⁶⁵ˣ⁵ = $20,000 x 2.71828⁰°³²⁵ = $20,000 x 1.384 = $27,680.61
Whittaker Publishing Corp. is a publishing company that wants to hire more technical experts to handle the software requirements in the publishing process. However, the test given to the programmers assesses not only their technical knowledge but also their communication skills, language abilities, and understanding of client services. The test conducted by Whittaker Publishing Corp. is ___________.A. high on reliability
B. low on strategic congruence
C. high on specificity
D. high on acceptability
E. low on validity
Answer:
low on validity
Doug is the vice president of product development for a corporation that makes flavored honey. Doug proposes to the board that they approve three new products: chili-flavored honey, seaweed-flavored honey, and black-licorice honey. Doug and his team have market tested the flavors, and they received positive reviews from focus groups. The board approves the flavors, which then fail miserably and cost the company thousands of dollars. If some shareholders sue the board for its decision to market the flavors, the board ___________.
Answer:
most likely will not be held responsible because of the business judgment rule.
Explanation:
A business judgement rule is a legal provision that protects the board of a company from frivolous legal actions as flregards its business decisions.
Boards of companies are assumed to act in good faith, within their fiduciary standards of loyalty, prudence and care that the board owes to shareholders.
It will have to be proven that the board blatantly violated a code of conduct, otherwise the court will review or question it's decisions.
Answer:
will not be held responsible for the loss.
Explanation:
The business judgement rule is a doctrine that affects corporation's management and other agents. This doctrine is based on the idea that all business decisions yield unknown results, even the safest investments or safest projects can go wrong. Only the US government has never defaulted on a loan (US securities) but every other nation or organization has at one point in time defaulted or delayed a payment.
Investors that buy stocks from a corporation know about the risks of running a business, if they do not like to take risks, US securities are always available. As long as management (including the board) acts on good faith, within the normal scope of business, they cannot be held liable for any bad investment carried out.
If this doctrine didn't exist, no one would be able to manage a company, since no one would dare to make any decisions at all. When you calculate the price of stock or the cost of capital, you must add the risk free rate (US securities) + the risk premium.
Jim, an employee of CL Inc., is responsible for planning, marketing, budgeting, sales, and profit performance of a specific brand. He has two assistants who helpin planning, implementing, and controlling the marketing program. In this scenario, Jim is an example of a:_________ .1. product manager.2. art director.3. account executive.4. copywriter.5. account director.
Answer: Product Manager.
Explanation:
Jim is the product manager in his company, hence he is in charge of supervising the design, development and marketing of the product of his organization. Jim's duty is to ensure quality products are produced that meet the consumer needs and at the same time the products are profitable for his company.
A hockey team plays in an arena with a seating capacity of 15 000 spectators. With ticket prices set at $12, average attendance at a game has been 11 000. A market surveys indicates that for each dollar that ticket prices are lowered, the average attendence will increase by 1000. How should the owners of the team set ticket prices so as to maximize their revenue from ticket sales?
Answer:
their price at $11.50 for maximum revenue
Explanation:
given data
seating capacity = 15000
ticket prices = $12
average attendance game = 11000
average attendance increase = 1000
solution
we consider here Revenue function is R and that is express as
Revenue function R = Price of ticket × booked seats .....................1
here number of time lowered the price of ticket n = $1
so here price will be as
price = $12 - ( n × $1)
price = $(12 - n) ................2
so here Quantity will express as
Quantity = number of sold tickets + n (1000)
Quantity = 1100 + n (1000) Spectators ..................3
so R(n) will be
R(n) = 12-n (11000 + 1000n)
R(n) = 132,000 + 1000n - 1000n²
R(n) = -1000 (x² - x - 132)
R(n) = -1000 ( (x - 0.5)² - [tex]\frac{529}{4}[/tex] )
so
R(n) = -1000 (x - 0.5)² + 132,250
R(n) - 13,250 = -1,000 (x - 0.5)²
solve it we get
n = 0.5 ..........4
so from equation 2
price = 12 - 0.5
price = $11.50
so from equation 3
Spectators = 11,000 + 1,000 (0.5)
Spectators = 11,500
and
Revenue = $13,250
so that here set their price at $11.50 for maximum revenue
A bank will often hold government securities as an asset. If a bank were to sell S500,000 in government securities to an individual who paid for the bond in cash and the bank placed this cash in its vault, by how much would the money supply change as a result? a. It would increase by $500,000 multiplied by the reciprocal of the required reserve ratio. b. It would decrease by $500,000 multiplied by the reciprocal of the required reserve ratio. c. There would be no change to the money supply. d. It would increase by $500,000. e. It would decrease by $500,000.
Answer:a.
It would increase by $500,000 multiplied by the reciprocal of the required reserve ratio.
Explanation:
A bank will often hold government securities as an asset. If a bank were to sell S500,000 in government securities to an individual who paid for the bond in cash and the bank placed this cash in its vault, by how much would the money supply change as a result - It would increase by $500,000 multiplied by the reciprocal of the required reserve ratio.
The money supply is the entire stock of currency and other liquid instruments circulating in a country's economy and is given by the formula:
MONEY SUPPLY = RESERVES X MONEY MULTIPLIER
Therefore the bank reserves increasing in the scenario will increase money supplier by the effect of the money multiplier or the reciprocal of the required reserve ratio.
Debt securities acquired by a corporation which are accounted for by recognizing unrealized holding gains or losses and are included as other comprehensive income and as a separate component of stockholders' equity are:________.1. never-sell debt securities.
2. held-to-maturity debt securities.
3. trading debt securities.
4. available-for-sale debt securities.
Answer:
4) available-for-sale debt securities.
Explanation:
Available for sale debt securities are securities that can be sold in the future, but are included as other comprehensive income.
Option 1 is wrong because it's not a real term.
Option 2 is wrong because held to maturity debt securities are accounted for at amortized cost, not fair value, e.g. municipal bonds.
Option 3 is wrong because trading securities are recorded as current assets because the firm plans to trade them in the short term.
The owner of a pizza shop observes that when she raises the price of a large pizza, her total revenue decreases, and when she lowers the price of a large pizza, her total revenue increases. This suggests that:
Answer:
The demand for large pizza must be elastic.
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Demand is elastic if a small change in price leads to a greater change in the quantity demanded.
If price is increased, the quantity demanded falls more than the rise in price. As a result of the fall in the quantity demanded, total revenue of the seller falls.
Conversely, if price is reduced, the quantity demanded rises more than the reduction in price and as a result total revenue rises.
The coefficient of elastic demand is greater than 1.
I hope my answer helps you
The owner of the pizza shop observes that raising the price of a large pizza decreases total revenue, while lowering the price increases total revenue. This suggests that the demand for large pizzas is price elastic.
Explanation:When the owner of a pizza shop raises the price of a large pizza, her total revenue decreases, and when she lowers the price of a large pizza, her total revenue increases. This suggests that the demand for large pizzas is price elastic. Price elasticity of demand is a measure of how responsive the quantity demanded of a good is to a change in its price. When demand is elastic, a change in price leads to a proportional change in quantity demanded, resulting in total revenue moving in the opposite direction. In this case, lowering the price increases the quantity demanded, and the increase in quantity compensates for the reduction in price, leading to higher total revenue.
Zibba Company enters materials at the beginning of the process. In January, there was no beginning work in process, but there were 200 units in the ending work in process inventory. The number of units completed equals the number of:________.a. units started .b. units started less 200. c. units started plus 200.d. equivalent units.
Answer:
b. units started less 200
Explanation:
The computation of the number of units completed is shown below:
As we know that
Ending work in progress units = Number of Units started - number of units completed
where,
Ending work in process units = 200 units
So, the number of units completed is
= Number of units started - Ending work in progress units
= Units started - 200
When a minimum-wage law forces the wage to remain above the level that balances supply and demand, it
a. reduces the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.
b. raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.
c. raises the quantity of labor supplied and raises the quantity of labor demanded compared to the equilibrium level.
d. reduces the quantity of labor supplied and raises the quantity of labor demanded compared to the equilibrium level.
Answer: (B). raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.
Explanation: When a minimum-wage law forces the wage to remain above the level that balances supply and demand, it raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.
A critical assumption in the classical model is that A. markets are perfectly competitive in the short run B. markets clear in the long run C. markets clear in the short run D. markets are perfectly competitive in the long run E. all variables are expressed in nominal terms
Answer:
Letter B is correct. Markets clear in the long run.
Explanation:
The correct alternative is the letter B, since a market clearing price can be defined as the equilibrium price, which is characterized by the price of a good or service whose quantity offered is the same quantity demanded.
Therefore, when there is a situation in which the sale price is higher than the market clearing price, the supply will be greater than the demand, which will create a stock of surpluses that will accumulate in the long run.
Answer:
B) markets clear in the long run
Explanation:
Market clearing is a great economic concept, like most classical economics concepts, but the bad thing is that they are all theoretical only. That is why market clearing only happens in the long run, because the long run is an indefinite term used to describe forever and ever until the end of days.
Allegedly, when the markets finally reach a clearing point, there is no excess supply or demand. It is the point where the market finally reaches its equilibrium and there are no excess production resulting in wastes and no excess demand resulting in unsatisfied needs. Clearly this is a hypothetical situation that will never happen.
In order for market clearing to happen, you need certain conditions to be present:
every single buyer and every single supplier must possess perfect information about the market, i.e. every buyer should know the selling price of every supplier and every supplier must know the maximum price at which a customer is willing to purchase the goods they sell. every buyer and every supplier must be able to reach one another without extra costs, but just moving from your house to a supermarket costs money.there is no government intervention, which means no taxes. This is really impossible to happen.Even in the markets that are considered to reach an almost perfect competition state, like commodities (oil, agricultural products), wastes exist and extra costs exist, taxes exist and finally there are unsatisfied consumers and production wastes. That is why their price changes every day, because it must be adjusted to external factors besides supply and demand.
Shenaz remains calm with her customers who are intolerant and rude toward her. She always has a positive attitude and is able to quickly find solutions to her customers' issues. In the context of the Big Five personality traits, which of the following statements is most likely true about Shenaz?a. Shenaz ranks low on the dimension of conscientiousness.
b. Shenaz is an extrovert.
c. Shenaz has a high level of intelligence quotient.
d. Shenaz is emotionally stable.
Answer:
D. Shenaz is emotionally stable.
Explanation:
Big five personality traits defines human personality and accounts for individual differences. It focuses on the notion that various individuals has various personality traits. The big five are
1. Openness
2. Conscientiousness
3. Agreeableness
4. Extraversion
5. Neuroticism
In this case, we concerned with NEUROTICISM. It is also known as emotional stability. It measures the degree to which an individual is emotionally stable or emotionally unstable. Those who are high on this matrix are said to be emotionally unstable while those that are low are said to be emotionally stable. Shenaz is calm and collected, hence she's low in the neuroticism matrix.
A government has a single-employer defined benefit pension plan for its firefighters. At its December 31, 2019 fiscal year-end, the government had a total pension liability for the plan of $1,200,000 and accumulated assets to pay the liability of $800,000. On December 31, 2020, the government had a total pension liability for the plan of $1,300,000 and accumulated assets to pay the liability of $780,000. The assets to pay the liability are reported as a part of the General Fund's committed fund balance.
What amount will the government report as its pension liability in its government-wide financial statements on December 31, 2020?
Answer:
$1,300,000
Explanation:
Why do price discrimination and the existence of slightly different variants of the same product tend to go hand in hand? By introducing slightly different variants of the product, firms that price discriminate are able to
Options:
Separate buyers based on their income.
Separate buyers based on their willingness to pay.
Lower their profit.
Lower the marginal cost of producing an additional unit of output.
Answer:Lower the marginal cost of producing an additional unit of output.
Explanation:Price discrimination is a pricing strategy that gives different prices for the same kind of product. Price discrimination can be classified as first degree(charging of a different price for every unit consumed),second degree(involves charging different prices for different Quantity purchased) and third degree(charging of a different price to different consumer groups).
Through price discrimination, firms are able to make additional variants of the same product in order to Lower the marginal cost of producing an additional unit of output.
Price discrimination and the existence of slightly different variants of the same product go hand in hand because offering product variants allows firms to differentiate their offerings and justify varying prices based on consumer preferences and willingness to pay.
Explanation:In economics, price discrimination refers to the practice of charging different prices for the same product or service to different groups of consumers. When firms engage in price discrimination, they often introduce slightly different variants or versions of the product in order to justify the price differences. This is because offering different variants allows firms to differentiate the products and create the perception of added value, which justifies the varying prices.
For example, a company may offer a basic version of a product at a lower price point, and a premium version with additional features at a higher price. By doing so, the company can target different segments of consumers based on their willingness to pay, maximizing their profits through price discrimination.
Overall, the existence of slightly different variants of the same product and price discrimination tend to go hand in hand because offering product variants is a strategy that enables firms to differentiate their offerings and capture different segments of the market at different price points.
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A restaurant owner leased a meeting room at the restaurant to a second party. The lease specified that the second party, not the restaurant owner, would be responsible for any liability arising out of the use of the meeting room, and that the restaurant owner would be "held harmless" for any damages. The restaurant owner's use of the hold-harmless agreement in the lease is an example of:___________.a. Warning labels on packaging for medications. b. A firm installs sprinkler systems. c. Exercising to maintain your health. d. Storing backup copies of records in the cloud.
Answer:
noninsurance transfer
Explanation:
Based on the information provided it can be said that the restaurant owner's use of the hold-harmless agreement in the lease is an example of a noninsurance transfer. This term refers transferring all risk from one individual to another by any means other than a policy of insurance. Which in this case was by the use of an agreement in the property lease.
** The provided answers do not seem to be part of this question **
Match the definitions with the terms that most closely align with the description. 1. The cost of producing one more unit of a good or service:_____________ 2. The situation where an additional unit of a good or service costs the same as each of the former units:_____________.3. The benefit experienced from undertaking one more unit of an activity:_____________. 4. A situation where the expense of producing one more unit of a good or service is greater than that of producing the previous unit:__________. 5. The amount that, when produced or consumed, results in the greatest possible net gain:_________.6. The situation that occurs when the gain from an additional unit of a good or service is less than that gained from producing the previous unit:____________.a. decreasing marginal benefit b. increasing marginal cost c. marginal cost d. marginal benefit constant e. marginal cost f. optimal quantity
Answer:
1. Marginal Cost
2. Constant Marginal Cost
3. Marginal Benefit
4. Increasing Marginal Cost
5. Optimal Quantity
6. Decreasing Marginal Benefit
Explanation:
Note: In the given question, an option has been wrongly mentioned as "Marginal benefit constant." It should be read as "Marginal cost constant". This solution has been provided based upon the said assumption.
Marginal Cost refers to additional cost incurred when an additional unit is produced.
Constant marginal cost refers to a situation wherein the cost incurred for producing successive units remains the same.
Marginal Benefit refers to the the extra utility derived upon consumption of an extra unit of a product.
Increasing Marginal Cost refers to a situation wherein the extra cost incurred follows an increasing trend as successive units are produced.
Optimal Quantity is defined as the quantity whose production or consumption maximizes the gain whether in the form of utility or in monetary terms.
Decreasing Marginal benefit refers to the situation wherein extra utility derived from successive consumption of units falls.
Final answer:
Terms related to economics, such as marginal cost, marginal benefit, and optimal quantity, are matched with their corresponding definitions in a clear and concise manner.
Explanation:
Let's match the definitions with their corresponding terms from the field of economics:
The cost of producing one more unit of a good or service: c. marginal cost
The situation where an additional unit of a good or service costs the same as each of the former units: d. marginal cost constant
The benefit experienced from undertaking one more unit of an activity: d. marginal benefit
A situation where the expense of producing one more unit of a good or service is greater than that of producing the previous unit: b. increasing marginal cost
The amount that, when produced or consumed, results in the greatest possible net gain: f. optimal quantity
The situation that occurs when the gain from an additional unit of a good or service is less than that gained from producing the previous unit: a. decreasing marginal benefit
Carl has worked on a factory line for years. Recently, his job on the line has been increasingly replaced by robotics in his industry. As a result, Carl is laid off. Carl is struggling to find a job in his particular field because the majority of positions have been eliminated due to robotics technology. What type of unemployment is Carl experiencing
Answer:
structural unemployment
Explanation:
Unemployment is a situation where people who are ready and willing to work can not find one.
Structural Unemployment
Structural Unemployment: One of the reasons for unemployment is when the production process is automated. In this instance, works and tasks that were formerly done by humans and now been taken over by machines
For example, the work formerly done by Carl has now been taken over by robotics. Usually , this will lead to mismatch of skills because the skills possessed by Carls are no longer needed by his employer.
Therefore, Carl is experiencing structural unemployment
has taken out a loan for $9,800. The bank offered him a simple interest rate of 6% over a three-year period. If Ron pays the loan back in three years, what will be the total amount paid to the bank?
Answer:
The total amount that would be paid to bank is $11,564.
Explanation:
I = PRT/100
I is the simple interest on the loan
P is the amount of loan taken = $9,800
R is the simple interest rate = 6%
T is the duration for the loan to be paid with interest = 3 years
I = 9,800×6×3/100 = $1,764
Total amount to be paid = P + I = $9,800 + $1,764 = $11,564
Eagle Company, a partnership, had a short-term capital loss of $10,000 during the current year. Aaron, who owns 25% of Eagle, will report $2,500 of Eagle's short-term capital loss on his individual tax return.
Answer:
True
Explanation:
Partnerships are not taxed as individual entities, they work as pass through entities where the partners must report any gains or losses on their personal income filings.
In this case, since Aaron owns 25% of Eagle Company, any loss or gain that Eagle company has will be passed to Aaron in the same percentage. Since Eagle had a $10,000 short term capital loss, $2,500 ($10,000 x 25%) of the loss will pass to Aaron.
A project engineer has been scheduled to run the product system test at the exact same time he is to build a marketing prototype. This is an example of a ________ constraint.
Answer:
resource
Explanation:
A resource constraint refers to the lack of all the necessary inputs to finish a particular task. The most common resource constraints are materials, equipment or time.
You must remember that time is the most scarce resource of all, since no matter how much money you have, you cannot add hours to a day.
In this case, the engineer's time is the constraint.
During the acquisition process, the potential buyer must sign a ______________ which is an agreement to keep all conversations and information secret and legally binds the buyer from telling anyone any information the seller shares with him / her.
Answer:
b) nondisclosure statement
Explanation:
Based on the scenario being described within the question it can be said that the individual in this scenario must sign a Non-disclosure agreements. Like mentioned in the statement this is a legal contract that prohibits the signing individual from revealing any confidential information to anyone other than the parties involved with the contract. This contract is legally binding and is used in many situation in which confidential information is involved.