1. The planned value for a project is US$17,800, the earned value is US$19,450, and the actual cost is US$21,870. Based on this information, calculate the cost performance index and the schedule performance index. What do these indices tell you about the status of the project in terms of cost and schedule?
2. The budget at completion of this project was estimated at US$20,000, and the original estimated time to complete was thirteen months. Use the information from the previous question to compute the estimated cost at completion and the projected time to complete. Is the project on budget and schedule?
Hint: The projected time to complete can be calculated by dividing the original estimated time to complete by the schedule performance index (SPI). (Projected time to complete = Original Estimated Time /SPI)
Answers
1. The cost performance index (CPI) indicates that the project is over budget. The schedule performance index (SPI) indicates that the project is ahead of schedule.
2. The cost performance index (CPI) indicates that the project is over budget, while the schedule performance index (SPI) indicates that the project is ahead of schedule.
How did we arrive at these assertions?1. Cost Performance Index (CPI) = Earned Value (EV) / Actual Cost (AC)
CPI = 19450/21870 = 0.89
Schedule Performance Index (SPI) = Earned Value (EV) / Planned Value (PV)
SPI = 19450/17800 = 1.09
The cost performance index (CPI) indicates that the project is over budget. A CPI less than 1.0 indicates that the project is spending more money than it is earning. The schedule performance index (SPI) indicates that the project is ahead of schedule. An SPI greater than 1.0 indicates that the project is progressing faster than planned.
2. Estimated Cost at Completion (EAC) = Actual Cost (AC) / Cost Performance Index (CPI)
EAC = 21870/0.89 = US$24,604.49
Projected Time to Complete = Original Estimated Time / Schedule Performance Index (SPI)
Projected Time to Complete = 13 / 1.09 = 11.93 months or approximately 12 months
The project is over budget because the calculations show that the estimated cost to complete (EAC) is $24,604.49, which is $20,000 more than the budget to complete (BAC) by $20,000. In addition, the project will take 12 months to complete, rather than the 13 months originally projected. So the project is ahead of schedule.
In summary, the Cost Performance Index (CPI) indicates that the project is over budget and the Program Performance Index (SPI) indicates that the project is ahead of schedule. The estimated cost of completion (EAC) indicates that the project is over budget and the estimated completion time is ahead of schedule.
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Related Questions
according to keynes, the level of economic activity is predominantly determined by the level of
Answers
Answer:
Aggregate demand
Explanation:
I hope this helps.
Concepts and methods are key elements to consider when deciding how to ______ for marketing research. A. collect data. B. apply discovered knowledge
Answers
Concepts and methods are key elements to consider when deciding how to collect data for marketing research.
Option A is correct.
What exactly does marketing research entail?A company can learn about its target market and get feedback from customers about their interest in a product or service through market research. This kind of research can be carried out internally, by the business itself, or by a market research-focused third party.
What is the goal of advertising research?It aims to collect accurate, objective data that can be used as a reference when making decisions. Data collection, observation, and processing of existing data on the subject of the research in marketing are all part of the existing procedure.
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low inflation is a sign of?
Answers
Answer:
usually signals demand for goods and services is lower than it should be, and this tends to slow economic growth and depress wages.Jun
Explanation:
Martinez co. Sells a machine that cost $10,000 with accumulated depreciation of $8,000 for $2,000 cash. The entry to record this transaction will recognize a gain or loss of how much?.
Answers
Based on the book value of the machine and the cash for which the machine was sold, no gain or loss would be recognised.
What is the gain or loss on the sale of the machine?Depreciation is the process of expensing the cost of purchasing an asset. Depreciation declines the carrying value of the machine.
A profit would be recorded if the cash the machine was sold is greater than the book value of the machine. If this is not the case, a loss would be recognised.
Book value = $10000 - $8,000 = $2000
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Effective communication and flow of
communication is crucial to success of
organizations.
a.
What are the advantages and disadvantages
of "Top Down" information
flows. Explain with specific business
examples.
b. What are the advantages and disadvantages
of "Bottom Up" information
flows. Explain with specific business
examples.
c. What are the advantages and disadvantages
of "Grapevine" information flows. Explain with
specific business examples.
Answers
a. Top-Down Information Flow:
- A CEO communicating the company's strategic goals and objectives to all employees during a town hall meeting.
- The HR department sending out an email to all employees regarding changes in company policies and procedures.
b. Bottom-Up Information Flow:
- An employee submitting a suggestion through an online platform for improving a product or process.
- Team members discussing and providing feedback on a proposed project plan during a brainstorming session.
c. Grapevine Information Flow:
- Employees sharing news or rumors about potential layoffs or restructuring within the organization through informal conversations.
- Word spreading quickly among employees about an upcoming office event or celebration through casual discussions.
a. The advantages of "Top Down" information flows in organizations include:
Advantages:
1. Clear Direction: Top-down communication ensures that organizational goals, objectives, and directives are effectively communicated from upper management to employees. This clarity of direction helps align everyone towards a common purpose.
2. Consistency: With top-down communication, consistent messaging can be maintained throughout the organization. This reduces confusion and ensures that accurate information is disseminated uniformly.
3. Efficient Decision-Making: Top-down communication allows for efficient decision-making as decisions can be communicated quickly from top-level management to lower-level employees. This ensures timely implementation of strategies and initiatives.
However, there are also disadvantages to "Top Down" information flows. For example, it can create a lack of employee engagement and limited opportunities for feedback or input from lower-level employees. This may lead to a decrease in employee morale and potential resistance to change.
b. The advantages of "Bottom Up" information flows in organizations include:
Advantages:
1. Employee Engagement: Bottom-up communication allows employees to share their ideas, concerns, and feedback, fostering a sense of involvement and engagement. This can lead to increased job satisfaction and motivation.
2. Innovation and Creativity: By encouraging input from lower-level employees, organizations can tap into the diverse perspectives and experiences of their workforce. This can result in innovative ideas, process improvements, and creative solutions to challenges.
3. Problem Identification: Bottom-up communication enables employees to identify and report problems or issues on the ground level. This helps management to be aware of and address potential obstacles or areas for improvement more effectively.
However, a disadvantage of "Bottom Up" information flows is the potential for information overload or delays in decision-making. When a large volume of input is received from lower-level employees, it may take time to process and act upon the information, which can slow down the decision-making process.
c. The advantages and disadvantages of "Grapevine" information flows in organizations include:
Advantages:
1. Rapid Dissemination: The grapevine, which refers to informal communication channels, can spread information quickly throughout the organization. It can be particularly useful for spreading important news or updates when formal channels may be slow or unavailable.
2. Employee Bonding and Camaraderie: Informal communication through the grapevine can foster a sense of camaraderie and social bonding among employees. It allows for informal interactions and conversations that can strengthen relationships within the organization.
Disadvantages:
1. Rumors and Misinformation: The grapevine can be prone to rumors, gossip, and misinformation. This can lead to misunderstandings, confusion, and potential damage to employee morale or organizational reputation.
2. Lack of Accuracy and Control: Since grapevine communication is informal and unstructured, there is a lack of control over the accuracy and consistency of the information being transmitted. Important details may be distorted or lost, leading to potential misunderstandings or misinterpretations.
Specific business examples for each type of information flow will depend on the context and industry of the organization. However, these examples provide a general understanding of the advantages and disadvantages associated with each type of communication flow in organizations.
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it is reasonable to assume that charitable organizations have a goal to maximize profits.
Answers
it is unreasonable to assume that charitable organizations are established to maximize profits.
A charitable organization refers to those bodies established for social philanthropy and well-being.
An example of charitable organization is the various foundations around us which are established to ensure well-being of the society.
Majority of the charitable organization are established to cater for social needs not for maximization of profit.
Therefore, it is unreasonable to assume that charitable organizations are established to maximize profits.
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Assume that Cane expects to produce and sell 86,000 Alphas during the current year. One of Cane's sales representatives has found a new customer who is willing to buy 16,000 additional Alphas for a price of $104 per unit. What is the financial advantage (disadvantage) of accepting the new customer's order
Answers
Accepting the new customer's order would result in a financial advantage of $384,000, assuming the cost per unit remains constant at $80.
to calculate the financial advantage or disadvantage of accepting the new customer's order, we need to compare the additional revenue from the sale with the additional costs associated with producing and selling the additional units.
additional revenue = additional units sold * price per unitadditional revenue = 16,000 * $104 = $1,664,000
to determine the financial advantage or disadvantage, we need to consider the costs associated with producing and selling the additional units. without specific information on the cost structure or production costs, we cannot calculate the exact financial impact.
if we assume that the production and selling costs per unit remain constant, we can subtract the cost per unit from the additional revenue per unit to estimate the financial advantage or disadvantage. let's assume the cost per unit is $80:
cost per unit = $80
additional cost = additional units sold * cost per unit
additional cost = 16,000 * $80 = $1,280,000
now, we can calculate the financial advantage or disadvantage:
financial advantage (disadvantage) = additional revenue - additional costfinancial advantage (disadvantage) = $1,664,000 - $1,280,000 = $384,000 however, please note that this calculation is based on certain assumptions, and the actual financial impact may vary based on the specific cost structure and production costs of cane.
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When can a mixed economy develop?
Answers
A mixed economy can develop when a country experiences a combination of market-based mechanisms and government intervention in its economic activities.
It occurs when the government regulates certain aspects of the economy, such as taxation, trade, and labor laws, while leaving other aspects, such as consumer choice and private investment, to be determined by the market.
This type of economy balances the benefits of capitalism, such as competition and innovation, with the stability and social welfare provided by government intervention. It aims to create a more stable and equitable economy by ensuring that resources are distributed fairly, while still allowing for growth and prosperity.
In short, a mixed economy can develop when a country seeks to balance the benefits of a market-based system with the stability and social welfare provided by government intervention.
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Which of the following organisations is most likely to sell shares for sale to invited investors?
a. A Sole trader
b. Partnership
C. Private limited company
d. A business with unlimited liability
Answers
Answer:
C. Private limited company
Explanation:
Ownership in a private limited company is restricted, unlike in a public limited company. The shareholders of a private limited company are usually family members, close friends, or people with a shared interest.
A private limited company can raise capital by selling additional shares. Because becoming a shareholder in a private limited company is restricted, private companies raise capital by selling shares to existing shareholders or to invited investors.
You live in Atlanta, GA and work for a company that has multiple locations
nationwide. The owner of the company tells you on a Friday that you need to
compile and present some information to the San Francisco, CA office on Monday.What would be the most economical and responsible thing for you to do?
(A)Hop on a plane Friday night and fly to San Francisco so you can have time to
explore the city and share the information with their office on Monday morning.
(B)Create an online presentation that can be shared with the members of the SanFrancisco office and present your finding to them remotely.
(C)Collaborate with your peers in the Atlanta office all weekend, and then take the
red eye
flight to San Francisco on Sunday night in order to be there to present your
findings on Mondayimorning.
(D)Share the Excel spreadsheet with the team leader in San Francisco and tell him
to make the presentation for you
Answers
Answer:
(B)Create an online presentation that can be shared with the members of the San Francisco office and present your finding to them remotely.
Explanation:
Preparing an online presentation for the meeting is the sensible thing to do in this situation due to the following reasons.
It is cost-effective: Traveling from Atlanta to San Francisco will involve the use of funds for air tickets, meals, and accommodation. This is costly, especially if not budgeted. An online presentation will not require such expenditure. It saves time: An online presentation does not require physical traveling, which is time-consuming. Instead of spending time traveling, it is wise to use it in researching and preparing a quality presentation.Advancement in technology is making it possible for people to hold online meetings. It possible to have interactive sessions where participants can ask questions and get instant answers via online meetings. The use of technology eliminates the need to travel for this presentation.Who are office chief , sectional chief and assistant in school ?
Answers
Answer:
Post of the principle : A principal in a company is typically the owner, founder or chief executive officer (CEO) of a company. In some situations, the principal might be someone who owns most of the company's equity and is responsible for making big business decisions.
Post of the teacher : Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
Post of the counter worker : They call the childs parents if anything is wrong at school and is responsible of collecting the school fees and payment
Explanation:
Answer:
Sectional chief is the bridge between top and low level chiefs. One of the most important functions of a sectional chief is to report the performance, problems and achievements of the department to the office chief. Office Assistant: They are those personnel who work at lower level in an organization.
Teacher's post: Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
Computing Depreciation
A delivery van costing $66,600 is expected to have a $5,220 salvage value at the end of its useful life of five years. Assume that the truck was purchased on January 1. Compute the depreciation expense for the first two calendar years under the straight‑line depreciation method.
Depreciation in Year 1: $Answer
Depreciation in Year 2: $Answer
Answers
To calculate the depreciation expense for the first two calendar years using the straight-line depreciation method, we need to determine the depreciable base and the annual depreciation expense.
The depreciable base is the cost of the delivery van minus the estimated salvage value. In this case:
Depreciable base = Cost of van - Salvage value
= $66,600 - $5,220
= $61,380
The annual depreciation expense is calculated by dividing the depreciable base by the useful life of the asset. Since the useful life is five years, we divide the depreciable base by 5.
Depreciation expense per year = Depreciable base / Useful life
= $61,380 / 5
= $12,276
Now, let's calculate the depreciation expense for the first two calendar years:
Depreciation in Year 1: $12,276
Depreciation in Year 2: $12,276
Under the straight-line depreciation method, the annual depreciation expense remains constant throughout the useful life of the asset. Therefore, the depreciation expense for the first two calendar years is the same at $12,276 each year.
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the united states can produce 800 cars in the same time it takes to produce 10 aircrafts. calculate the opportunity cost of producing 1 aircraft
Answers
267 cars. The opportunity cost of producing 1 aircraft is determined by comparing the alternative production possibilities.
The opportunity cost of producing 1 aircraft is determined by comparing the alternative production possibilities. In this case, if the United States decides to produce 1 aircraft, it would forego the production of 267 cars (800 cars divided by 10 aircrafts). This means that for every aircraft produced, the country gives up the opportunity to produce 267 cars. Therefore, the opportunity cost of producing 1 aircraft is equivalent to the production of 267 cars. The opportunity cost of producing 1 aircraft is 80 cars. This is calculated by dividing the number of cars that can be produced in the same time (800) by the number of aircrafts (10). Therefore, for every 1 aircraft produced, the United States gives up the opportunity to produce 80 cars.
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Which of the follow is NOT a good place to gather and evaluate investment options?
a Social Media
b Newspapers and magazines
c Brokers and advisers
d Company financial reports
Answers
Diamond Hotels conducts a survey to find out what kinds of activities their guests enjoy most while staying at the property. The hotel is considering _____________ factors to help them find their target market.
A) Behavioral
B) Demographic
C) Geographic
D) Physchograohic
Answers
Diamond Hotels conducts a survey to find out what kinds of activities their guests enjoy most while staying at the property. The hotel is considering behavioral factors to help them find their target market. Thus, option A is the correct option.
In order to assess which advertising and messages will be most effective with a certain audience, behavioral targeting is used. To launch tailored marketing, it makes use of behavioral data, such as what users do or don't do in your app, on your website, or with your campaigns.
The technique of classifying and categorizing clients according to the actions they display is known as behavioral segmentation. These behaviors include the kinds of goods and material people consume, as well as the frequency with which they connect with a particular app, website, or company.
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a financial plan is most influenced by
Answers
Answer: priorities and goals
Explanation: because
The financial plan is most influenced by priorities and goals Option(b) is correct.
What does Financial Plan means?Overall utilization, a financial plan is a complete assessment of a singular's ongoing compensation and future financial state by utilizing current known factors to foresee future pay, resource values and withdrawal plans.
In business, a financial plan can allude to the three essential financial assertions monetary record, pay explanation, and income proclamation) made inside a field-tested strategy. Financial estimate or financial plan can likewise allude to a yearly projection of pay and costs for an organization, division, or division.
A financial plan can likewise be an assessment of money needs and a choice on the most proficient method to raise the money, like through getting or giving extra offers in an organization A financial plan might contain forthcoming financial explanations, which are comparative, however unique, than a financial plan. Financial plans are the whole financial bookkeeping outline of an organization. Complete financial plans contain all periods and exchange types.
Therefore Option(b) is correct.
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in the crm process cycle, is the process of analyzing the customer information acquired through various customer touchpoints.
Answers
In the CRM process cycle, knowledge discovery is the process of analyzing the customer information acquired through various customer touchpoints.
What is CRM?CRM is an abbreviation for customer relationship management and it can be defined as a process which typically involves combining strategies, techniques, practices, and technologies, so as to effectively and efficiently manage an organization's customer information (data), in order to improve and enhance customer satisfaction.
Additionally, good customer relationship management (CRM) helps the employees working in an organization to ensure their customer are well satisfied and happy with their service at all times.
Knowledge discovery is one of the phases of customer relationship management (CRM) process cycle and it typically involves an analyzing of customer information that are acquired through various customer touchpoints.
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explain how operations strategy can help a business sustain its competitive advantage.
please answer this question in an essay.
Answers
Answer:
Operations can help a business sustain their competitive advantage by reducing its cost without considering the way they are reduced.
Explanation:
First of all, to create a business competitive advantage the business has to be more profitable than its competition. In other words, they need to make money in a more effective way than its competitors. This means that they have more margin of profit, instead of selling more. Now, in operations, this works the same. However, the reasons might come from different sources. Whether by having technology more advanced than its competitors. By having more productive processes, or by using materials bought at cheaper prices.
How much is a penny that doubles everyday for 31 days.
Answers
If a penny doubles every day for 31 days, the total amount on the 31st day will be $1,073,741,824$.
To understand this, let us take the example of a penny. If we start with a penny on the first day and it doubles every day for 31 days, we can calculate the total amount on the 31st day.
The total amount of pennies would be 1, 2, 4, 8, 16, 32, 64, 128, 256, 512, 1024, 2048, 4096, 8192, 16384, 32768, 65536, 131072, 262144, 524288, 1048576, 2097152, 4194304, 8388608, 16777216, 33554432, 67108864, 134217728, 268435456, 536870912, and 1073741824.
Hence, the total amount on the 31st day would be $1,073,741,824$.This concept is often used in financial investments, and it is known as compounding. It means that the return earned in a period is reinvested in the following period to earn even more returns, leading to exponential growth over time. In the case of this penny, it doubles every day, and the return is compounded daily.
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The county collector of suncoast county is responsible for collecting all property taxes levied by funds and governments within the boundaries of the county. to reimburse the county for estimated administrative expenses of operating the tax agency fund, the agency fund deducts 1.5 percent from the collections for the town, the school district, and the other towns. the total amount deducted is added to the collections for the county and remitted to the suncoast county general fund.
the following events occurred in 2017:
1. current-year tax levies to be collected by the agency were:
county general fund $ 10,333,000
town of bayshore general fund 4,840,000
suncoast county consolidated school district 6,550,000
other towns 3,120,000
total $ 24,843,000
2. $13,700,000 of current taxes was collected during the first half of the year.
3. liabilities to all funds and governments as a result of the first half-year collections were recorded. (a schedule of amounts collected for each participant, showing the amount withheld for the county general fund and net amounts due the participants, is recommended for determining amounts to be recorded for this transaction.)
4. all cash in the tax custodial fund was distributed.
all additions and deductions were recorded by the custodial fund.
additions and deductions are aggregated because resources are held less than three months.
required
a. prepare journal entries for each of the foregoing transactions that affected the tax agency fund. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your answers to the nearest whole dollar amount.)
1. record the current-year tax levies to be collected by the agency.
2. record the current taxes collected during the first half of 2017.
3. record the liabilities due to all funds and governments at the end of first half-year.
4. record the distribution of all cash in the tax agency fund
b. prepare journal entries for each of the foregoing entries that affected the town of bayshore general fund. begin with the tax levy entry, assuming 2 percent of the gross levy will be uncollectible. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your answers to the nearest whole dollar amount.)
1. record the revenues receivable and uncollectible.
2. record the taxes collected
Answers
Answer:
$1,500,000
Explanation:
County receives funding from numerous sources. County has no control to introduce new taxes or increasing current taxes, except for property tax.
Given:
County collected for a school district = $1,000,000
County for General Fund = $5,000,000
For town located in the County = $500,000
Hardin County Agency Fund = County for school + County for a town
= $1,000,000 + $500,000
= $1,500,000
brainlest pleas
In the Suncoast county firm, the the current-year tax levies to be collected by the agency is $24,843,000 and net remittance is $13,700,000.
What do you mean by revenues receivable?The amount of outstanding debts that management truly anticipates recovering is represented by the net reported amount of the total receivable and the allowance. The gross quantity tallied for the sale of products or services is referred to as revenue. The revenue statement's upper line displays this sum.
On the balance statement, accounts outstanding are shown as current assets. Any sum of money that clients owe for transactions they made with credit is known as AR.
Receivables is not an income account; it is an equity account. Contrarily, when using accrual accounting, you document income along with an account receivable.
Therefore, in the Suncoast county firm, the the current-year tax levies to be collected by the agency is $24,843,000 and net remittance is $13,700,000.
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The image is attached:
Bill is new to the team. He has been told that the team uses the online discussion forum frequently in their communications. What should Bill do to communicate effectively with his new team members
Answers
Answer:
bill should also use the discussion forum
Explanation:
it will be easier to communicate with his team as well as make him more similar which will help him fit in
Fast fine foods markets some of its products to consumers looking for simple quick meals. Fast find foots also offer another line of products targeted to to people interested in low-fat, high nutrition foods. The companies strategy of dividing the market into groups that want similar things from the products they buy is an example of
Answers
Answer: Market segmentation
Explanation:
Market segmentation is when a market is being divided based on the customers needs. Customers with similar characteristics or needs are grouped together.
Market segmentation helps a business in reaching customers with similarbjeeds quicker and this leads to improvement in satisfaction and customer relationships. This is the method used by Fast fine foods.
A flower shop uses software to execute transactions that is ten-years old. It is often slow and ineffective. What type of influence is affecting this business?
external
economic
governmental
internal
Answers
Answer:
Internal
Explanation:
The problem is the flower shop’s software. The flower shop needs to update or buy a different up-to-date software like ASAP.
Helppp please
The fact that a country has less strict labor laws and relaxed environmental regulations are strong reasons for a
company to move production facilities to that country.
True
False
Answers
Answer:true
Explanation: I just took the test
To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
Answers
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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You are still mayor, and the next item on your agenda is COVID vaccine policy. In particular, you have to decide whether, how, and how much to impact uptake of the vaccine in the city. Suppose the vaccine can be produced at a constant cost (i.e. perfectly elastically) of $50/person. For simplicity, assume there are 100 people in the city, and the demand curve is given by:
So, if the price is set at $89, 1 person will get it; if it’s set at -$10 (i.e. you pay people $10 to get vaccinated), everyone will get it.
a) Discuss a few reasons why some people would be willing to pay more for the vaccine than others. In general, would people with higher incomes have a higher willingness-to-pay for the vaccine or lower?
b) Suppose that the city buys the vaccine and then sells it at cost ($50) to residents.
How many people will get vaccinated? Show the equilibrium graphically.
c) Explain why getting vaccinated could have positive externalities. In other words, if you get vaccinated, how does that help other people?
d) Suppose that the marginal social value curve of the vaccination is given by:
Plot this on the same graph as part b). Does it lie above or below the demand curve? Why?
e) What is the efficient level of vaccinations given the social benefits and costs described above? In other words, how many people will get vaccinated if everyone gets vaccinated whose social benefit is above the cost (and no one else)?
f) Based on what you found in parts b) and e), explain why charging at cost ($50) for a vaccination leads to inefficiently low vaccination rates.
Answers
aa) The willingness to pay for the COVID vaccine would vary from person to person. Some people might have pre-existing health conditions that put them at greater risk of contracting the disease, and therefore would be more willing to pay a higher price for the vaccine. Conversely, people who are less concerned about getting infected or have other reservations about the vaccine may not be willing to pay as much.People with higher incomes are generally more willing to pay for a good or service than those with lower incomes. Therefore, in general, people with higher incomes would have a higher willingness-to-pay for the vaccine than those with lower incomes. b) If the city buys the vaccine and sells it at cost ($50) to residents, then all 100 people in the city will get vaccinated. This is because at a price of $50, the quantity demanded by residents (100) is equal to the quantity supplied by the city (also 100), resulting in an equilibrium.c) Getting vaccinated could have positive externalities because it not only protects the vaccinated individual from getting sick, but it also reduces the likelihood of the virus spreading to others. This means that if you get vaccinated, you are not only protecting yourself but also those around you. By reducing the spread of the virus, vaccination can help prevent hospitals from becoming overwhelmed and also reduce the number of deaths caused by the disease.d) The marginal social value curve lies above the demand curve because it takes into account the positive externalities associated with vaccination. The marginal social value curve reflects the total benefit to society from vaccination, including both the private benefit to the individual and the positive externalities that result from reduced transmission of the virus. e) The efficient level of vaccinations is the point at which the marginal social value of the vaccine is equal to the marginal cost of producing it. This occurs when 80 people get vaccinated. At this level, everyone with a willingness-to-pay above $50 (i.e. those who receive a positive net benefit) gets vaccinated, and no one who receives a negative net benefit gets vaccinated. f) Charging at cost ($50) for a vaccination leads to inefficiently low vaccination rates because it does not take into account the positive externalities associated with vaccination. This means that some people who would receive a positive net benefit from vaccination (i.e. their willingness-to-pay is above $50) may choose not to get vaccinated because they do not take into account the positive externalities of reduced transmission. As a result, vaccination rates will be lower than the efficient level of 80, which takes into account the positive externalities of vaccination.
The additional income from
selling one more unit of a good
O increasing marginal returns
O diminishing marginal returns
O marginal revenue
O marginal product of labor
O marginal cost
Answers
C, marginal revenue
Explanation: Marginal revenue is the additional income from selling one more unit of a good. It is usually equal to the price.
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Suppose a state lottery prize of $4 million is to be paid in 20 payments of $200,000 each at the end of each of the next 20 years. If money is worth 8%, compounded annually, what is the present value of the prize
Answers
To find the present value of the prize, we need to calculate the present value of each payment and then sum them up.
The present value of each payment can be calculated using the formula for the present value of an annuity:
PV = PMT * (1 - (1 + r)^(-n)) / r
Where:
PV is the present value of the payment
PMT is the payment amount
r is the interest rate per period
n is the number of periods
In this case, the payment amount is $200,000, the interest rate is 8% (or 0.08), and there are 20 periods.
Using these values in the formula, we can calculate the present value of each payment:
PV = $200,000 * (1 - (1 + 0.08)^(-20)) / 0.08
PV ≈ $2,243,587.77
Therefore, the present value of each payment is approximately $2,243,587.77.
To find the present value of the entire prize, we simply sum up the present values of each payment:
Present Value of the Prize = PV * Number of Payments
Present Value of the Prize ≈ $2,243,587.77 * 20
Present Value of the Prize ≈ $44,871,755.40
Therefore, the present value of the $4 million prize is approximately $44,871,755.40.
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Match each of the following statements to the type of economic system that it
Record your responses in the spaces provided.
characterizes.
Answers
Types of economic system: (1). Traditional economy - ritual, habitat, or custom. (2). Economic system - Allocation of resources. (3). Command economy - central authority (4). Market economy - demand and supply
What is economy?The performance through which a country or location organizes its medium of exchange, commercial enterprise, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector, financial and agriculture sector.
Types of economic system:
Traditional economy - system in which economic activity is the result of ritual, habitat, or custom.
Market economy - system in which economic activity is driven by supply, demand, and the price system.
Economic system - efficient way of allocating resources and producing and distributing goods and services in a society.
Command economy - economic system in which a central authority makes the major economic decisions.
As a result, the conclusion of the economic system as the fill of space are the aforementioned.
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Your question is incomplete, but most probably the full question was.
Match each of the following statements to the type of economic system that it characterizes. Record your responses in the spaces provided.
______system in which economic activity is the result of ritual, habitat, or custom.
______system in which economic activity is driven by supply, demand, and the price system.
_______efficient way of allocating resources and producing and distributing goods and services in a society.
________economic system in which a central authority makes the major economic decisions.
Traditional economyEconomic systemCommand economyMarket economy(1 point
3. The ICorp company markets a successful line of computer equipment. Recently, they have
begun to make a new type of smart phone. The public isn't enthusiastic about the new product,
and during the first year, it does poorly on the market. To combat this, ICorp launches a new
marketing campaign, running television and radio ads, purchasing billboard space, and even
integrating their product into an episode of a highly viewed TV show. ICorp's reaction is an
example of an)
A)availability heuristic
B) representative heuristic
C) escalation of commitment
D) behavioral directive
Answers
Answer:
C
Explanation:
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Answer:
C Escalation of commitment
Explanation:
This is where "It's going to work, eventually" comes into play. Usually happens with those who think their way is the only way.