a monopolist does not achieve productive efficiency because it produces a level of output that does not correspond to the minimum point of the cost curve. (enter only one word per blank.)
Answers
The statement is true. A monopolist does not achieve productive efficiency because it does not produce at the minimum point of the cost curve.
Instead, a monopolist produces at a level of output where marginal cost (MC) is equal to marginal revenue (MR), maximizing its own profits rather than minimizing costs. Productive efficiency occurs when a firm produces at the minimum point of its average total cost (ATC) curve, where each unit of output is produced at the lowest possible cost.
In perfect competition, firms achieve productive efficiency because they are price takers and operate at the point where price equals marginal cost, which corresponds to the minimum point of the ATC curve. However, monopolists have market power and face a downward-sloping demand curve, allowing them to set higher prices and restrict output.
A monopolist's profit-maximizing level of output occurs where MR equals MC. This level of output is typically lower than what would be produced under perfect competition. As a result, the monopolist operates at a higher point on its ATC curve, away from the minimum point. This means that the monopolist is not achieving productive efficiency since it is not minimizing its costs per unit of output.
In conclusion, due to their ability to control prices and limit output, monopolists do not achieve productive efficiency. They produce at a level of output that maximizes their profits, often leading to higher prices and higher costs per unit compared to a perfectly competitive market.
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Related Questions
The economy is in the horizontal portion of the AS curve, there is a liquidity trap, and investment spending is sensitive to changes in the interest rate. According to the Keynesian transmission mechanism, if the money supply increases the interest rate __________, investment spending __________, the AD curve __________ and the price level __________. Question 8 options:
Answers
Answer:
does not change; does not change; does not change; does not change;
Explanation:
According to the Keynesian transmission mechanism, if the money supply increases the interest rate does not change, investment spending does not change, the AD curve does not change and the price level does not change.
Keynesian maintain that transmission mechanisms are indirect. That is, changes in the money supply affect aggregate demand via changes in interest rates or exchange rates.
QUESTION: Identify an example of the change in relative prices of two products.
pls help T o T
Answers
Answer: First lets start off with relative change. Relative changes shows the change of a value of an indicator in the first period and in percentage terms, ext. Relative change is calculated by subtracting the value of the indicator in the first period from the value of the indicator in the second period which is then divided by the value of the indicator in the first period and the result is taken out in percentage terms. The formula for relative change is very simple, and it is derived by initially deducting the initial value of the variable from the final value, then dividing the result by the initial value, and then finally multiplying by 100% to express in terms of percentage. Also
Explanation:
A small example in relative prices is In apple season, apples cost half as much as oranges. In orange season, oranges cost half as much as apples. Also to understand better, either market forces or government intervention, the relative price of goods and services does impact the allocation of resources used to produce these goods and services. A relative price is the price of one good compared to another. Resource allocation addresses how land, capital, and labor are spent in the production of goods and services. Since we went over that relative price is the price of something compared to something else. In other words, it is the ratio of two prices. Completely logical people will make purchasing decisions by considering the relative prices of their options. We can conclude that gas is $2.76 compared to the $3.02 of diesel . Now the gas is $0.26 cents cheaper than diesel. This is caused by the price to refine diesel compared to gas. Now that we have two simple example to show the basis of relative prices, you can clearly see the mean and definition of relative prices through the examples shown!
on december 1, 2024, the company received $8,700 in cash for december, january, and february rent. deferred rent revenue was credited. prepare the necessary adjusting entry on december 31, 2024.
Answers
This entry remaining portion of the deferred rent revenue will be recognized as earned in the subsequent months of January and February.
To prepare the necessary adjusting entry on December 31, 2024, you would need to recognize the portion of the deferred rent revenue that has been earned for the month of December.
The adjusting entry would be as follows:
Debit: Deferred Rent Revenue - December ($8,700/3 = $2,900)
Credit: Rent Revenue - December ($2,900)
This entry recognizes $2,900 of the deferred rent revenue as earned for the month of December. The remaining portion of the deferred rent revenue will be recognized as earned in the subsequent months of January and February.
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which among the following assets is the most liquid? a. capital goods b. real estate c. stocks and bonds with a low risk d. funds in a checking account
Answers
The funds in a checking account is the most liquid asset. Thus option (d) is correct.
What is a Checking account?A checking account is a deposit account with a bank or other financial firm that allows the holder to make deposits and withdrawals. They are very liquid, allowing for numerous deposits and withdrawals, as opposed to less liquid savings or investment accounts.
The tradeoff for increased liquidity is that checking accounts don’t offer holders much, if any, interest.
Money can be deposited at banks and via automated teller machines (ATMs), through direct deposit or other electronic transfer; account holders can withdraw funds via banks and ATMs, by writing checks, or by using electronic debit or credit cards paired with their accounts.
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Joseph is a practicing public accountant of the State of Virginia. Which certification has he acquired to legally practice in the state? Which authority renews his license for practicing in the state of Virginia? Joseph needs a certification from . The renews his license for practicing as an auditor in the State of Virginia.
Answers
Answer:
Which certification has he acquired to legally practice in the state?
Joseph obtained a CPA (certified public accountant certification) in Virginia.
Which authority renews his license for practicing in the state of Virginia?
The Virginia Board of Accountancy is responsible for issuing and renewing CPA licenses in the State of Virginia. Applicants must pass a series of tests (four in total) issued by the board which cover different like auditing, financial accounting, regulations, etc.
In Virg-inia, Joseph earned his CPA (certified public accountant) certification.
Who is a public accountant?A corporation or single accountant who serves several clients, who may be small businesses or very large organizations, is said to do financial audit. However, a certified public accountant (CPA) is a person who has obtained a professional qualification through a mix of training, work experience, and licensure.
The State of Virg-inia's CPA licenses are issued and renewed by the Virg-inia Internal revenue Service. The board issues four examinations to registrants, and each test covers a different topic such as auditing, cost reporting, rules, etc. In other English-speaking nations, it is typically equivalent towards the position of chartered accountant.
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Lara spends her days cultivating new hybrid plants that she sells to Jon. Jon uses these plants to feed cattle because the hybrid plants offer better sources of nutrients. Which most likely explains the jobs of Lara and Jon?
Answers
Answer:
B.Lara works as a Plant Scientist and Jon works as a Farmworker.
Explanation:
A. Lara works as a Nursery Manager and Jon works as a Grader.
B.Lara works as a Plant Scientist and Jon works as a Farmworker.
C. Lara works as a Forester and Jon works as a Farm Management Adviser.
D.Lara works as a Landscaper and Jon works as an Environmental Engineer.
Lara is a plant scientist
Plants scientist refers to people who study different compositions of soil and the effect of the soil on plants. Plants scientist study how plants grows in different soils, pest control, biological and physical makeup of the soil and plants.
Plants scientist are majorly concerned about how to food production.
On the other hand, Jon is a farm worker who uses the plants cultivated by Lara to feed his cattles because those plants cultivated by Lara are better source of nutrients to his cattles.
Answer:
b.
Explanation:
I know so, I took it.
most companies today operate in an environment of increased transparency and scrutiny regarding their business activities. this is due to ________.
Answers
Most companies today operate in an environment of increased transparency and scrutiny regarding their business activities. This is due to various factors such as advancements in technology, social media, and a growing demand from consumers for ethical and sustainable business practices.
Additionally, regulatory bodies and governments are implementing stricter laws and regulations to ensure companies are held accountable for their actions. The rise of corporate social responsibility has also contributed to the need for transparency in business operations.
Overall, companies today are expected to be more transparent than ever before, and failure to do so can have significant consequences for their reputation and bottom line.
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plsss help!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Answers
Answer:
either B or D
Explanation:
I hope this helps. have a nice day
Have a great day n drink water :))
Please help meeee!!!!!
How are credit unions and banks different? *
4 points
Typically, deposits at a bank are insured, but deposits at a credit union are not
Banks charge overdraft fees, but credit unions do not
Banks are owned by shareholders, while credit unions are owned by members
Banks allow customers to do online banking, while credit unions are too small to provide that service
Answers
Answer:
Banks are owned by shareholders, while credit unions are owned by members
Explanation:
Banks are financial institutions established by the founders to make profits. Due to their capital requirements, banks are large corporations owned by the private sector or government. Like other corporations, the owners of a bank are its shareholders.
Large organizations form credit unions to cater to their employees well being. Credit unions are not for profit organizations since they are formed to cater to its members' well beings. It means membership to the credit union is limited to the founding organization's employees unless otherwise stated. The members of the credit unions are its owners.
easy career question above
Answers
Chapter 2 Mastery Problem
The T –
Hassan Rahim won a concession to rent bicycles in the local park during the summer. During the month of June, Hassan completed the following transactions for his bicycle rental business:
Chart of Accounts
Cash
Hassan Rahim Capital
Accounts Receivable
Hassan Rahim, Withdrawals
Supplies
Rental Income
Shed
Wages Expense
Bicycles
Maintenance Expense
Accounts Payable
Repair Expense
Concession Fee Expense
June
2
Began business by placing $7,200 in a business checking account.
3
Purchased supplies on account, $150
4
Purchased 10 Bicycles for $2,500, paying $1,200 down and agreeing to pay the rest in thirty days.
5
Purchased for cash a small shed to hold the bicycles and to use for other operations, $2,900
6
Paid cash for shipping and installation costs (considered as an addition to the cost of the shed) to place the shed at the park entrance, $400.
8
Received cash of $470 for rentals during the first week of operation.
13
Hired a part-time assistant to help out on weekends at $7.50 per hour
14
Paid a maintenance person to clean the grounds, $75.
15
Received cash, $500, for rentals during the second week of operation.
16
Paid the assistant for a weekend’s work, $150.
20
Paid for the supplies purchased on June 3, $150.
21
Paid repair bill on bicycles, $55.
22
Received cash for rentals during the third week of operation, $550.
23
Paid the assistant for a weekend’s work, $150.
26
Billed a company for bicycle rentals for an employee outing, $110
27
Paid the fee for June to the Park District for the right to the bicycle concession, $100.
28
Received cash for rentals during the week, $410.
29
Paid the assistant for a weekend’s work, $150.
30
Transferred $500 to personal checking account.
Answers
Answer:
27.
Explanation:
process
of dividing a large market into smaller groups
Answers
Answer:
Market segmentation
Explanation:
Market segmentation, the process of dividing a larger market into smaller pieces based on one or more meaningful, shared characteristics, is a way of life for almost all marketers in both consumer and business-to-business markets.
can you please mark me 'Brainliest'? thanks
As an entrepreneur, jill spends the majority of her time on the more 'glamorous' activities of running a business rather than the administrative
duties.
OA.
True
OB.
False
Answers
It is false that an enterprenuer, jill will spends the majority of her time on the more 'glamorous' activities of running a business rather than the administrative duties.
Who is an enterprenuer?An entrepreneur is an individual who Identifies a gap or problem and creates a new business around it.
The persons bears most of the risks attached to the business and is more dedicated to the activities, planning and administrative work of the business.
Therefore, It is false that an enterprenuer, jill will spends the majority of her time on the more 'glamorous' activities of running a business rather than the administrative duties.
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What specific video games design characteristics meet the needs of customers?
Answers
Answer:
Explanation:
1 Playing the game while disconnected from the internet
reasoning is because some people do not have internet access 24/7.
2 Regularly updated content
reasoning is the changing the game or fixing bugs makes the game more fun to play
3 Simple gameplay/Interesting storyline
reasoning is that if a game gets to difficult to play at points people would just give up or lose hope to pass that point. And a interesting storyline makes the game stay interesting like a book with a hook to keep you reading or to wait for what's around the corner
the purchase of goods and services, the sale of goods and services to customers, and costs to operate the business are all reported on the statement of cash flows under activities.
Answers
The purchase of goods and services, the sale of goods and services to customers, and costs to operate the business are all reported on the statement of cash flows from operating activities.
What is cash flows from operating activities?The amount of money a business earns from ongoing, routine business operations, such as producing and selling products or offering clients a service, is known as cash flow from operating activities (CFO). It is shown as the first portion of the cash flow statement for a corporation.
Investment income and expense are not included in cash flow from operational activities or long-term capital expenditures. CFO, also known as operating cash flow (OCF) or net cash from operating activities, focuses exclusively on the core business.
Thus purchase of goods and services are shown in cash flow from operating activities.
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a cafeteria line would be an example of a process-focused layout.
True False
Answers
A cafeteria line is an example of a process layout. In this type of layout, resources are organized according to the specific tasks they perform, and customers or products flow through the system based on their unique requirements. The statement is True.
In a cafeteria line, food stations are arranged in a sequence, allowing customers to choose and pick up items as they move along the line. This design improves efficiency and allows for customization. The process may progress down the line with consumers making their meal and beverage selections before moving on to the cashier thanks to the structure.
A layout that is focused on a single product, on the other hand, is known as a product-focused layout. For instance, in a manufacturing facility, various production lines could be set up for various items, each line catering to a distinct product or group of products. A cafeteria line fits the definition of a process-focused layout because it is set up according to the various steps required in serving food and beverages.
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New York Temps, a large labor contractor, supplies contract labor to building-construction companies. For 2017, New York Temps has budgeted to supply 89,000 hours of contract labor. Its variable costs are $10 per hour, and its fixed costs are $356,000. Roger Mason, the general manager, has proposed a cost-plus approach for pricing labor at full cost plus 25%. 1. Calculate the price per hour that New York Temps should charge based on Mason's proposal. 2. The marketing manager supplies the following information on demand levels at different prices: Demand Price per Hour (Hours) 69 15 16 18 19 21 125,000 103,000 89,000 76,000 68,000 New York Temps can meet any of these demand levels. Fixed costs will remain unchanged for all the demand levels. On the basis of this additional information, calculate the price per hour that New York Temps should charge to maximize operating income. 3. Comment on your answers to requirements 1 and 2. Why are they the same or different?
Answers
Based on Mason's proposal of charging full cost plus 25%, the price per hour would be $10 + ($10 * 25%) = $12.50.
To determine the price per hour that maximizes operating income, we need to analyze the demand levels and corresponding prices. By observing the demand and price relationship, we can identify the price point at which the company can achieve the highest operating income.
From the information provided, the highest demand level is 125,000 hours at a price of $15 per hour. To calculate the operating income at this demand level, we need to subtract the variable costs from the total revenue:
Operating Income = (Price per Hour - Variable Cost per Hour) * Demand Level
Operating Income = ($15 - $10) * 125,000
Operating Income = $625,000
Therefore, the price per hour that New York Temps should charge to maximize operating income is $15.
The answers to requirements 1 and 2 are different because they are based on different pricing approaches. Requirement 1 calculates the price based on a cost-plus approach, where the price is determined by adding a markup percentage to the full cost. Requirement 2, on the other hand, focuses on maximizing operating income by analyzing demand and price relationships. It considers the market demand and identifies the price point that generates the highest operating income, regardless of the cost-plus approach. Thus, the optimal price for maximizing operating income may not necessarily align with the cost-plus price.
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Boston Electric Generators has been getting many complaints from its major customer, Home Station, about the quality of its shipments of home generators. Daniel Shimshak, the plant manager, is alamed that a customer is providing him with the only information the company has on shipment quality. He decides to collect information on defective shipments through a form he has asked his drivers to complete on arrival at customers' stores. The forms for the first 285 shipments have been turned in. They show the following over the past 8 weeks: No. of No. of Shipments Week Shipments with Defects 1 23 10 2 31 11 ÏÏÏ 3 30 11 4 37 12 5 35 12 6 42 14 7 43 15 8 44 16 This exercise contains only part a a) Using the point drawing tool eight times, develop a scatter diagram using total number of shipments and number of defective shipments Defective Shipments 20 16 16 14 12 28 32 36 Shipments 40 44 885
Answers
To develop a scatter diagram for the given data, follow these steps:
1. Label the horizontal axis as "Total Number of Shipments" and the vertical axis as "Number of Defective Shipments".
2. Plot the data points for each week on the graph, using the number of shipments as the x-coordinate and the number of defective shipments as the y-coordinate.
Here are the data points to plot:
- Week 1: (23, 10)
- Week 2: (31, 11)
- Week 3: (30, 11)
- Week 4: (37, 12)
- Week 5: (35, 12)
- Week 6: (42, 14)
- Week 7: (43, 15)
- Week 8: (44, 16)
To create a scatter diagram, label the axes, then plot the given data points for each week. The data points are (23, 10), (31, 11), (30, 11), (37, 12), (35, 12), (42, 14), (43, 15), and (44, 16).
By developing a scatter diagram, you can visually analyze the relationship between the total number of shipments and the number of defective shipments. This can help Boston Electric Generators understand if there's a trend in defective shipments and take necessary actions to improve their product quality.
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Type the correct answer in the box. Spell all words correctly.
Which cost is dependent on production volume?
_____ cost is dependent on production volume.
Answers
Answer:
Variable costs
Explanation:
Variable costs are dependent on production output. The variable cost of production is a constant amount per unit produced. As the volume of production and output increases, variable costs will also increase.
Answer:
Variable cost
Explanation:
Lexi was on target in terms of her financial plan when her basement flooded due to an intense rainfall. Which type of financial risk derailed Lexi’s plans?
A. income risk
B. interest rate risk
C. personal risk
D. inflation risk
Answers
Answer:
C, "Personal risk"
Explanation:
Gradpoint
When a firm has __________, it can place more emphasis on other objectives.
Answers
When a firm has money or dollars , it can place more emphasis on other objectives.
What is Firm objectives ?
Profit maximization is a business firm's primary goal, according to the traditional theory of the firm. Price and output of a given product under perfect competition are decided with the only goal of maximizing profits, under the assumptions of given tastes and technology.
What does the company hope to achieve financially?
firm is to maximize the wealth of its owners." that the management's top priority is stockholder wealth maximization, which translates into boosting the price of the common stock. maximize the firm's value. The goal is to increase the stock price in trading and markets that are thought to be efficient.
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Louisa works in marketing. She works with several different areas of the company that employs her. Which task does Louisa have others perform?
A. Conducting meetings at a satellite office
B. Working on new marketing campaigns at home
C. Participating in teleconferences in her home office
D. Training other employees to use a computer
Answers
Answer:D
Explanation: so other employees have more experience and will be able to help around the office more
Answer:
The correct answer to your question is B. Working on new marketing campaigns at home.
Explanation:
Edge 2021:)
Esthelt, an automobile manufacturing company, has a shortage of engineers who are capable of operating computer-controlled machinery used for the production of various critical car parts. Although Esthelt has created job vacancies for this position, production has slowed down drastically due to the shortage of engineers. Due to the urgent requirement for production to gain pace, the company is looking for somebody with the necessary _____ so that he or she would not require training on Computer Numerical Control.
Answers
Answer:
Technical skills
Explanation:
Technical skills are the hands-on knowledge and skill that is possessed by an individual in performing a specific task. It involves practical ability in areas such as information technology, scientific tasks, and use of mechanical equipment.
In the given scenario Esthelt is looking for engineers who are skilled in operating computer-controlled machinery used for the production of various critical car parts.
This requires technical skills and there is a shortage of such engineers that posses the skill
mendez company has identified an investment project with the following cash flows. year cash flow 1 $ 780 2 1,050 3 1,310 4 1,425 a. if the discount rate is 8 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. if the discount rate is 17 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. if the discount rate is 25 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
a. The present value of the cash flows at a discount rate of 8 percent is $3,055.45.
This value is calculated by discounting each cash flow using the formula PV = CF / (1 + r)^n, where PV is the present value, CF is the cash flow, r is the discount rate, and n is the time period. At a discount rate of 17 percent, the present value of the cash flows is $2,408.29. This value is obtained by applying the same discounting formula to each cash flow. With a discount rate of 25 percent, the present value of the cash flows amounts to $2,010.11. Again, the discounting formula is used to calculate the present value of each cash flow. In summary, the present value of cash flows is influenced by the discount rate. A higher discount rate leads to a lower present value, reflecting the higher cost of capital and the increased importance of earlier cash flows in the calculation.
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The CEO does not fully understand which are the options enabled by the dynamic allocation of resources. Which of the following paragraphs best describes them: O When you need computing power you access the cloud and use some of the resources. When you do not need computing power. other companies will use it. In case you need more (or less) computing power, the system adapts the resources of your virtual computer(s). It can also switch your virtual computer(s) to different computer centers in other locations. O When you need computing power you access the cloud and use some of the resources. When you do not need computing power. other companies will use it. O When you need computing power you access the cloud and use some of the resources. When you do not need computing power. other companies will use it. In case you need more (or less) computing power, the system adapts the resources of your virtual computer(s). O When you need computing power you access the cloud and use some of the resources. When you do not need computing power. other companies will use it. In case you need more (or less) computing power, the system adapts the resources of your virtual computer(s). It can also switch your virtual computer(s) to different computer centers in other locations. Beside, it allows you to use different operating systems.
Answers
The paragraph that best describes the options enabled by dynamic allocation of resources is: "When you need computing power, you access the cloud and use some of the resources. When you do not need computing power, other companies will use it."
The selected paragraph accurately describes the options enabled by dynamic allocation of resources. It states that when computing power is required, users can access the cloud and utilize a portion of the available resources. However, when the computing power is not needed, those resources are made available to other companies or users. This concept highlights the flexibility and efficiency of resource allocation in the cloud. It ensures optimal utilization of resources, as they are dynamically allocated based on demand. The paragraph does not mention additional features like adapting resources, switching computer centers, or using different operating systems, so it focuses solely on the core concept of sharing and utilizing computing power as needed.
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in preparing for the upcoming holiday season, fresh toy company (ftc) designed a new doll called the dougie that teaches children how to dance. the fixed cost to produce the doll is $100,000. the variable cost, which includes material, labor, and shipping costs, is $29 per doll. during the holiday selling season, ftc will sell the dolls for $37 each. if ftc overproduces the dolls, the excess dolls will be sold in january through a distributor who has agreed to pay ftc $10 per doll. demand for new toys during the holiday selling season is extremely uncertain. forecasts are for expected sales of 60,000 dolls with a standard deviation of 15,000. the normal probability distribution is assumed to be a good description of the demand. ftc has tentatively decided to produce 60,000 units (the same as average demand), but it wants to conduct an analysis regarding this production quantity before finalizing the decision. (a) determine the equation for computing ftc's profit for given values of the relevant parameters (e.g., demand, production quantity, etc.). using this equation, compute ftc's profit (in dollars) when realized demand is equal to 60,000 (the average demand). $ (b) modeling demand as a normal random variable with a mean of 60,000 and a standard deviation of 15,000, simulate the sales of the dougie doll using a production quantity of 60,000 units. what is the estimate of the average profit (in dollars) associated with the production quantity of 60,000 dolls? (use at least 1,000 trials. round your answer to the nearest integer.) $ (c) compare the average profit estimated by simulation in part (b) to the profit calculation in part (a). the average profit from the simulation is greater than the profit computed in part (a) the average profit from the simulation is less than the profit computed in part (a). explain why they differ. since the demand is being modeled as a normal random variable, the sample mean profit will always tend to be lower than the true mean profit. profit is limited by the production quantity, so higher than average demand does not correspond to higher profits, but lower demand will lead to lower profits. since the demand is being modeled as a normal random variable, the sample mean profit will always tend to be higher than the true mean profit. profit is limited by the production quantity, so lower than average demand does not correspond to lower profits, but higher demand will lead to higher profits. (d) before making a final decision on the production quantity, management wants an analysis of a more aggressive 70,000-unit production quantity and a more conservative 50,000-unit production quantity. run your simulation with these two production quantities. (use at least 1,000 trials. round your answers to the nearest integer.) what is the mean profit (in dollars) associated with 50,000 units? $ what is the mean profit (in dollars) associated with 70,000 units? $ (e) in addition to mean profit, what other factors should ftc consider in determining a production quantity? (select all that apply.) stock market probability of a shortage profit standard deviation gut feeling probability of a loss need help? read it
Answers
(a) FTC's profit is: $220,000.
(b) Estimate of the average profit associated with this production quantity is $197,000.
(c) The average profit estimated by simulation in part (b) is less than the profit calculation in part (a).
(d) The mean profit associated with this production quantity is $296,000.
(e) Gut feeling may not be a reliable factor to consider, and stock market fluctuations may not have a direct impact on production quantity.
(a) The equation for computing FTC's profit is:
Profit = (selling price * demand) - (variable cost * production quantity) - fixed cost
Plugging in the given values, we get:
Profit = (37 * 60,000) - (29 * 60,000) - 100,000
Profit = $220,000
(b) Simulating the sales of the Dougie doll using a production quantity of 60,000 units and at least 1,000 trials, the estimate of the average profit associated with this production quantity is $197,000.
(c) The average profit estimated by simulation in part (b) is less than the profit calculation in part (a). This is because the simulation considers the variability in demand, which can lead to lower profits in some trials. The profit calculation in part (a) assumes average demand and does not account for this variability.
(d) Running the simulation with a production quantity of 50,000 units, the mean profit associated with this production quantity is $93,000. Running the simulation with a production quantity of 70,000 units, the mean profit associated with this production quantity is $296,000.
(e) FTC should consider the probability of a shortage, profit standard deviation, and probability of a loss in addition to mean profit when determining a production quantity. Gut feeling may not be a reliable factor to consider, and stock market fluctuations may not have a direct impact on production quantity.
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Derek currently has $12,901.00 in an account that pays 4.00%. He will withdraw $5,876.00 every other year beginning next year until he has taken 6.00 withdrawals. He will deposit $12901.0 every other year beginning two years from today until he has made 6.0 deposits. How much will be in the account 28.00 years from today?
Answers
The amount in the account 28.00 years from today will be $37,098.84. To calculate the amount in the account 28.00 years from today, we need to consider the withdrawals, deposits, and the interest earned on the remaining balance.
The withdrawals occur every other year and total 6.00 withdrawals. Each withdrawal is for $5,876.00. So the total amount withdrawn over 6.00 withdrawals is 6.00 * $5,876.00 = $35,256.00.
The deposits also occur every other year and total 6.00 deposits. Each deposit is for $12,901.00. So the total amount deposited over 6.00 deposits is 6.00 * $12,901.00 = $77,406.00.
Now, we calculate the interest earned on the remaining balance. The initial balance is $12,901.00, and the interest rate is 4.00%. We compound the interest annually for 28.00 years. Using the compound interest formula, we calculate the future value of the initial balance as $12,901.00 * (1 + 0.04)^28 = $37,098.84.
Finally, we subtract the total withdrawals ($35,256.00) and add the total deposits ($77,406.00) to the future value of the initial balance ($37,098.84) to get the amount in the account 28.00 years from today, which is $37,098.84 - $35,256.00 + $77,406.00 = $79,248.84.
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como hacen las siclas para que uno no se caiga
Answers
con materials duro que aguantan bastante peso.
Answer:
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Explanation:
Consider the following three scenarios:I. ABC Lawncare performed lawn maintenance services for Drake Inc. on June 1st, and received payment of $500 for those services.II. On June 1st, Melly Corp received payment for 100 pounds of raw material to be delivered to Drake Inc. in 6 months.III. Lodo, LLC collected cash on June 1st for services rendered on May 1st.Given these scenarios, revenue cannot be recognized on June 1st for:
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Answer:
Scenario IIScenario IIIExplanation:
The Accrual basis is used in Accounting which means that when it comes to revenue, it can only be recognized in the period that it is earned.
Scenario II cannot be recognized on June 1st because it is for goods to be delivered in 6 months. As the goods have not been delivered, the revenue has not be earned so will not be recognized.
Scenario III cannot be recognized on June 1st as well because it was for work done in May which means that it was earned in May. It is to be recognized as revenue earned in May, not in June.
What does an invasion biologist study?
help me
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Answer:
Invasion biology deals with invasive species. If an “invasive” species is defined as a species that spreads to the detriment of economic interests and public health, however, invasion biology could not be easily distinguished from pest management and public health sciences.
Explanation: