Aggregate surplus: Multiple Choice is minimized under perfect competition. is the difference between consumer and producer surpluses. is the sum of consumer and producer surpluses. will never be posit ive in the long run.
Answers
Aggregate surplus is the sum of consumer and producer surpluses in an economy.
Consumer surplus refers to the difference between the price consumers are willing to pay for a good or service and the actual price they pay. On the other hand, producer surplus is the difference between the actual price a producer receives for a good or service and the minimum price they would be willing to accept.
Under perfect competition, aggregate surplus is maximized because the market operates at a point where marginal cost equals marginal benefit, leading to allocative efficiency. This ensures that resources are allocated in the most efficient way possible, maximizing overall welfare for both consumers and producers. In the long run, positive aggregate surplus can be sustained, as long as market conditions remain competitive and no significant external factors disrupt the equilibrium.
In summary, aggregate surplus is the sum of consumer and producer surpluses and reflects the overall welfare derived from the exchange of goods and services in an economy. Perfect competition allows for the maximization of this surplus, promoting efficiency and long-term economic growth.
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Related Questions
Problem 18-14 Cash dividend policy [LO18-1] Phillips Rock and Mud is trying to determine the maximum amount of cash dividends it can pay this year. Assume its balance sheet is as follows: Assets Cash $ 388,000 Accounts receivable Fixed assets 831,000 1,019,000 $2,238,000 Total assets Liabilities and stockholders' Equity Accounts payable $ 448,000 Long term payable 280,000 Common stock (320,000 shares at $2 par) Retained earnings 640,000 870,000 $2,238,000 Total liabilities and stockholders' equity a-1. From a legal perspective, what is the maximum amount of dividends per share the firm could pay? (Do not round intermediate calculations and round your answer to 2 decimal places.) Dividends per share a-2. Is this realistic? O Yes O No b. In terms of cash availability, what is the maximum amount of dividends per share the firm could pay? (Do not round intermediate calculations and round your answer to 2 decimal places.) Dividends per share c. Assume the firm earned an 20 percent return on stockholders' equity last year. If the board wishes to pay out 40 percent of earnings in the form of dividends, how much will dividends per share be? (Do not round intermediate calculations and round your answer to 2 decimal places.) Dividends per share
Answers
If the board wishes to pay out 40% of earnings in the form of dividends, the dividends per share will be $0.16. a-1. From a legal perspective, the maximum amount of dividends per share the firm could pay can be calculated by dividing the retained earnings by the number of outstanding shares.
Retained earnings = $640,000
Number of outstanding shares = 320,000
Dividends per share = Retained earnings / Number of outstanding shares
Dividends per share = $640,000 / 320,000
Dividends per share = $2
Therefore, from a legal perspective, the maximum amount of dividends per share the firm could pay is $2.
a-2. Whether this is realistic or not cannot be determined based solely on the information given. Realism depends on various factors such as the company's financial performance, future cash flow projections, and dividend policies prevalent in the industry.
b. In terms of cash availability, the maximum amount of dividends per share the firm could pay can be calculated by dividing the cash available for dividends by the number of outstanding shares.
Cash available for dividends = Cash - Accounts payable - Long-term payable
Cash available for dividends = $388,000 - $448,000 - $280,000
Cash available for dividends = -$340,000
Since the cash available for dividends is negative, the firm does not have sufficient cash to pay any dividends per share.
c. If the board wishes to pay out 40% of earnings in the form of dividends and the return on stockholders' equity last year was 20%, we need to calculate the earnings per share and then determine the dividends per share.
Earnings per share = Return on stockholders' equity * Par value per share
Earnings per share = 20% * $2
Earnings per share = $0.40
Dividends per share = Earnings per share * Dividend payout ratio
Dividends per share = $0.40 * 40%
Dividends per share = $0.16
Therefore, if the board wishes to pay out 40% of earnings in the form of dividends, the dividends per share will be $0.16.
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How does the Hockey Stick of Human Prosperity demonstrate changes to economies? Include at least two
examples from Professor Boudreaux's video.
Answers
Based on the Hockey Stick of Human Prosperity, two changes to economies include:
Reduction in child mortality. Increase in life expectancy. What is the Hockey Stick of Human Prosperity?Refers to the fact that since the industrial age, humans have become richer and more prosperous. This is in contrast to the time before the industrial age where most people were poor and suffered from diseases.As a result of the rise in human prosperity, there is less child mortality than before, and people can now live to be significantly older than they used to in the past.
In conclusion, humans are more prosperous now.
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explain advertisement
Answers
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
Select all that apply.
Common skills assessments administered during the employment interview process include:
none of the above
science
keyboarding
math
Answers
Answer:
Keyboarding and Math :)
Explanation:
Eduardo needs to find information about income and age distribution in dallas county, texas. The best source of secondary research of use to eduardo is likely to be?
Answers
Eduardo needs to find information about income and age distribution in Dallas county, Texas. The best source of secondary research of use to Eduardo is likely to be the US census data.
What is the US census data?This is the data that is known to be made from the census that is taken in the country to determine the people of the nation that are in the country at that period of time. The census data is known to contain a lot of variables that help to determine the economic well being of that area.
This is secondary source of data. This is due to the fact that the data is already known to be existent in a place. It was not gotten directly by Eduardo in the field.
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Lowâfat or "light" dairy products are probably in the _____ stage of the product life cycle.
decline.
maturity.
introduction.
growth
Answers
Low-fat or "light" dairy products are most likely in the maturity stage of the product life cycle.
This stage is characterized by a steady increase in sales and profits as the product becomes more established in the market. Low-fat dairy products have been around for a while and have become a staple in many households, so they are not in the introduction stage. Additionally, the growth stage typically sees a rapid increase in sales, but low-fat dairy products are not experiencing this level of growth anymore. Finally, the decline stage is marked by a decline in sales and profits as the product becomes outdated, which is not the case for low-fat dairy products yet. Therefore, it can be concluded that low-fat or "light" dairy products are in the maturity stage of the product life cycle, where they are still selling well but may start to face competition from new and innovative products in the future.
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mixed economies can evolve when societies with different kinds of economies interact.1. True2. False
Answers
When several economic systems in a society interact, mixed economies can develop. This statement is true.
Mixed economies can evolve when societies with different kinds of economies interact. A mixed economy is an economic system that includes elements of both a market economy and a command economy.
In a mixed economy, the government plays a role in regulating the economy and providing social welfare programs, while businesses and individuals are free to engage in market transactions.
The evolution of mixed economies can occur when societies with different kinds of economies interact, such as when a capitalist society interacts with a socialist society. Through this interaction, ideas and practices from each system can be adopted and adapted to create a new economic system that combines elements of both.
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Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.
Must Gidgits Galore provide its employees with benefits?
Does Gidgits Galore have to implement a payroll tax for unemployment, workers' compensation, or Social Security?
Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Is this a good idea?
Does the Commerce Clause have an effect on Gidgits Galore?
Can Gidgits Galore face any repercussions if it disregards Title VII?
Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Would this represent "disparate treatment"?
Gidgits Galore wants a "young and hip" workforce. Is there a problem if it chooses not to hire anyone over the age of forty?
Gidgits Galore wants to put a section in its updated employment manual preventing employees from taking more than thirty days from work without pay, regardless of the reason. Is this a good idea?
What if Gidgits Galore wants to add a provision to its employee manual preventing employees from forming a union? Can this be done?
Answers
Answer:
1. Must Gidgits Galore provide its employees with benefits? No
2. Does Gidgits Galore have to implement a payroll tax for unemployment, workers' compensation, or Social Security? Yes
3. Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Is this a good idea? No
4. Does the Commerce Clause have an effect on Gidgits Galore? Yes
5. Can Gidgits Galore face any repercussions if it disregards Title VII? Yes
6. Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Would this represent "disparate treatment"? Yes
7. Gidgits Galore wants a "young and hip" workforce. Is there a problem if it chooses not to hire anyone over the age of forty? Yes
8. Gidgits Galore wants to put a section in its updated employment manual preventing employees from taking more than thirty days from work without pay, regardless of the reason. Is this a good idea? No
9. What if Gidgits Galore wants to add a provision to its employee manual preventing employees from forming a union? Can this be done? No
Explanation:
Edge 2021
Answer:
no
Explanation:
1. These are the materials for processing to come up with finished profucts
a. product
b. output
c. input
2. What is the most likely cause of failure of Filipino entrepreneurs?
a. Crab mentality
b. weakness
c. failure to meet the deadline
Answers
Answer:
b and c
Explanation:
Because of lack of communication and experience with being a entrepreneur. Plus you have to aggressive to be a business person to get the job one on time.
2) ......
If the supply of peanut butter increases, what would we expect to happen in the market for tuna (a substitute for peanut butter on sandwiches)?
a. Demand to increase.
b. Demand to decrease.**
c. Supply to increase.
d. Supply to decrease.
e. Neither the demand nor the supply of tuna would be affected.
Answers
If the supply of peanut butter increases, it is expected that demand for tuna in the market would decrease. So, the correct answer is b. Demand to decrease.
When the supply of peanut butter increases, this means that there is more peanut butter available in the market. As a result, the price of peanut butter will decrease, making it more affordable for consumers. Because peanut butter is a substitute for tuna on sandwiches, consumers will be more likely to choose peanut butter over tuna due to the lower price. This will lead to a decrease in demand for tuna, as consumers switch to the cheaper alternative. Therefore, the correct answer is b. Demand to decrease.
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Question 8 of 10
Checking account A charges a monthly service fee of $20 and a wire transfer
fee of $3, while checking account B charges a monthly service fee of $30 and
a wire transfer fee of $2. How many transfers would a person have to have for
the two accounts to cost the same?
OA. O
OB. 10
OC. 21
OD. 31
SUBMIT
Answers
The number of transfers that a person would have to make for the two accounts to cost the same would be B. 10 transfers
How to find the number of transfers ?The total cost for Checking account A, given x transfers would be:
= Monthly service fee + Wire transfer fee * x
= 20 + 3x
The total cost for Checking account B in this same manner is:
= 30 + 2 x
The number of transfers required for the cost to be the same would be:
20 + 3x = 30 + 2x
3x - 2x = 30 - 20
x = 10 transfers
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which of the following would not be beneficial to real asset holders? group of answer choices a bursting of the housing bubble. rapid economic growth in countries around the world. a higher rate of inflation. an increase in stock and real estate prices, causing households to feel richer and spend more.
Answers
The bursting of the housing bubble would not be beneficial to real asset holders. Thus, option A is correct.
Real assets are tangible possessions with inherent value derived from their composition and characteristics. Precious metals, commodities, real estate, land, machinery, and natural resources are examples of real assets. Because they have a relatively low correlation with financial assets like equities and bonds, they are ideal for inclusion in the majority of diversified portfolios.
Real assets include things like natural resources, land, buildings, and machinery. Real assets diversify a portfolio since they frequently move counter-clockwise to financial assets like stocks or bonds. Compared to financial assets, real assets are often more stable but less liquid.
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explain management and logistics practices that best address human-resource considerations for your selected market, such as management approaches or staff and labor laws and their impact on policies and procedures.
Answers
To best address human-resource considerations in your selected market, management, and logistics practices should focus on several key aspects. Firstly, it is important to have management approaches that prioritize employee well-being and engagement. This can be achieved through effective communication, providing opportunities for skill development, and creating a positive work culture.
Additionally, understanding and complying with staff and labor laws in the market is crucial. These laws can include regulations on working hours, minimum wage, benefits, and safety standards. Adhering to these laws not only ensures legal compliance but also promotes fair treatment of employees. Policies and procedures should be designed to align with human-resource considerations. This can involve creating clear guidelines for hiring, training, and performance evaluation. It is also important to establish mechanisms for addressing employee concerns and providing opportunities for professional growth. Management and logistics practices that best address human-resource considerations in your selected market involve prioritizing employee well-being, complying with staff and labor laws, and designing policies and procedures that promote fair treatment and development of employees.
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A factor that appears to have influenced the growth of Equal Employment Opportunity (EEO) legislation is:
a.
the changing attitudes of society at large.
b.
the post-war baby boom.
c.
a shortage of qualified labor.
d.
an influx of illegal immigrants.
Answers
The factor that appears to have influenced the growth of Equal Employment Opportunity (EEO) legislation is a. the changing attitudes of society at large.
The growth of Equal Employment Opportunity legislation has been largely influenced by the changing attitudes of society at large. As societal norms and values evolve, there is an increased recognition of the importance of equal rights and opportunities for all individuals, regardless of their race, gender, religion, or other protected characteristics.
This shift in attitudes has led to a greater demand for policies and laws that promote fairness and prevent discrimination in the workplace. The increasing emphasis on inclusivity and diversity has propelled the development and expansion of EEO legislation, aimed at ensuring equal treatment and opportunities in employment for everyone.
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posting is the process of multiple choice analyzing the impact of the transaction on the accounting equation. obtaining information about external transactions from source documents. listing all accounts and their balances at a particular date and showing the equality of total debits and total credits. transferring the debit and credit information from the journal to individual accounts in the general ledger.
Answers
Transferring the debit and credit information from the journal to individual accounts in the general ledger.
What is the posting's primary goal?
The transfer of subledger balances and general journal entries into the general ledger is known in accounting as posting. Posting does not include individual subledger transactions; it merely moves the subledger's overall balance onto the main ledger.
What is posting, exactly?
Transferring entries from the Journal to the Ledger accounts is referred to as posting. Journalising is the process of documenting a transaction in the journal.
Therefore, the process of posting is when entries are transferred or posted to the appropriate ledger accounts. Posting is the procedure used to move the entries from the journal's initial book of entries to the ledger.
.
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Do you intend to make specific contributions to the support of the beneficiary named in this form i-134?.
Answers
Form I-134 is used whilst a U.S. citizen or green card holder is of the same opinion to emerge as an economic sponsor of a traveler visa or a K1 and K2 visa.
Who is the beneficiary in I-134?The beneficiary is the foreigner who uses it for an immigration grant. A beneficiary may also report Form I- 134 on behalf of himself or herself
For example, in 2021, a sponsor withinside the U.S. mainland could want to have profits (or assets) of at least $33,125 to cover a petitioner who lives by himself and is sponsoring one immigrant and children (that is, a complete of 4 people)
Thus, Yes, if required a person can make contributions for the support of a beneficiary unless they fulfill the minimum income eligibility criteria given by the Govt.
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_______________ are a comprehensive tool, especially since it would cost our society so much to prosecute and allow a trial for every individual that committed a crime.
Answers
Answer:
"Plea bargains" would be the correct approach.
Explanation:
The mechanism by which a convicted criminal as well as lawyer arrive at a mutually agreeable conclusion of such a criminal proceeding needs to be approved by the judge. It is indeed a deal during which the offender seeks to make a reduced case guilty verdict and indeed the complainant offers to dismiss an even more severe punishment.The formula for food cost percentage (FCP) given selling price (SP) and food cost (FC) is: FCP = (FC / SP) x 100. What is the correct formula for selling price given food cost percentage and food cost?
Answers
The formula for food cost percentage (FCP) given selling price (SP) and food cost (FC) is FCP = FC/SP x 100.
What is selling price?The selling price is determined using the selling price formula and is used to sell the item for a specific cost. The selling price is the price the customer pays to purchase the good.
The cost a buyer incurs to purchase a good or service is the real selling price. This pricing includes a profit margin and is higher than the cost of the items.
If the buyer does not want to make a profit, the seller may choose to maintain the selling price close to the cost price. The amount a buyer pays for a good or service is known as the selling price.
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what is marketing
please answer if u know,i will mark brainiest
Answers
Answer:
Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products to consumers or other businesses. Some marketing is done by affiliates on behalf of a company.
hope it helps!
In a perfectly competitive reource market the Marginal Revenue Product Curve i
A. HORIZONTAL (WRONG)
B. VERTICAL
C. DOWNWARD-SLOPING
D. UPWARD-SLOPING
Answers
In a perfectly competitive resource market the Marginal Revenue Product Curve i: C. DOWNWARD-SLOPING
Marginal methods are beneficial because they tell us the general average cost for a particular level of a few variables. Marginal refers to the focus on the cost or gain of the subsequent unit or person, for an instance, the cost to supply one extra widget or the income earned with the aid of including one greater worker. groups use marginal evaluation as a decision-making tool to assist them to maximize their ability earnings.
It refers to the incremental expenses of producing additional units of an awesome or carrier. it's far calculated with the aid of dividing the alternate within the expenses of manufacturing more goods by means of the change in the quantity produced. The formula is Marginal cost = (trade-in prices) / (exchange in amount).
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When treasury stock is sold below cost, which two accounts (other than cash) may be debited?ARetained Earnings and Common Stock.You got it wrong :BRetained Earnings and Treasury Stock.CPaid-in Capital from Treasury Stock and Treasury Stock.This is correct answer :DPaid-in Capital from Treasury Stock and Retained Earnings.
Answers
The correct answer is D, Paid-in Capital from Treasury Stock and Retained Earnings. When treasury stock is sold below cost, the company must debit the Paid-in Capital from Treasury Stock account for the difference between the sale price and the cost of the shares. The company must also debit the Retained Earnings account for any additional loss incurred from selling the shares below cost.
A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ("open market" including insiders' holdings).
Treasury stocks are the portion of a company's shares that are held by its treasury and not available to the public. Treasury stocks can come from a company's float before being repurchased or from shares that have not been issued to the public at all.
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Which results are more likely for someone without personal finance skills? Select three options.
larger long-term credit or loan costs
less preparation for emergencies
fewer utility expenses
simple long-term investment strategies
increased long-term challenges
Answers
Answer:
1,2 & 5
Explanation:
Answer:
1, 2, 5
Explanation:
edge 2021
Perry Mazza wants to borrow $40,000 from the bank. The interest rate is 7% and the term is for 5 years.
What is the yearly payment amount?
$1,800
$3,600
$10,800
$18,000
Answers
The yearly payment amount for a loan of $40,000 at 7% interest and for 5 years that Perry Mazza borrowed is $9,755.63.
How to calculate the annual payments?The annual payments can be computed using an online finance calculator as below.
The results show that a total interest of $8,778.15 will be paid by Perry Mazza.
Data and Calculations:N (# of periods) = 5 years
I/Y (Interest per year) = 7%
PV (Present Value) = $40,000
FV (Future Value) = $0
Results:
PMT = $9,755.63
Sum of all periodic payments = $48,778.15 ($9,755.63 x 5)
Total Interest $8,778.15
Thus, the yearly payment amount for a loan of $40,000 at 7% interest and for 5 years that Perry Mazza borrowed is $9,755.63.
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On January 22, Zentric Corporation issued for cash 342,000 shares of no-par common stock at $20. On February 14, Zentric issued at par value 9,000 shares of preferred 6% stock, $80 par for cash. On August 30, Zentric issued for cash 31,000 shares of preferred 6% stock, $80 par at $85. Journalize the entries to record the January 22, February 14, and August 30 transactions. Refer to the Chart of Accounts for exact wording of account titles.
Answers
Answer:
Journal Entries
January 22
Dr. Cash $6,840,000
Cr. Common stock $6,840,000
February 14
Dr. Cash $720,000
Cr. Preferred stock $720,000
August 30
Dr. Cash $2,635,000
Cr. Preferred stock $2,480,000
Cr. Paid in capital excess of par-Preferred stock $155,000
Explanation:
January 22
Common Stock = Numbers of shares issued x Issue price per share
Common Stock = 342,000 shares x $20
Common Stock = $6,840,000
February 14
Preferred stock = Numbers of preferred shares x Price per preferred share
Preferred stock = 9,000 shares x $80 per share
Preferred stock = $720,000
August 30
Cash Received = Numbers of shares x issuance price = 31,000 x $85 = $2,635,000
Cash Received = Numbers of shares x par value = 31,000 x $80 = $2,480,000
Paid in capital excess of par = $2,635,000 - $2,480,000 = $155,000
stan has a personal auto policy to cover his two vehicles, but he recently purchased a custom built motorcycle as well. which type of endorsement will stan need to cover the motorcycle?
Answers
The motorcycle will need to be covered by the miscellaneous vehicle endorsement kind of endorsement.
What does a vehicle endorsement of a different type mean?If you are in a car accident, having auto insurance might shield you from costs you might not otherwise be able to afford. The automobile policy combines four different kinds of coverage. In addition to the fundamental coverages, there are several coverages that can be purchased. Typically, extra coverage comes with higher prices.
You can acquire this endorsement in addition to your standard auto insurance. Motorcycles, golf carts, travel trailers, and other similar-type vehicles are all eligible for coverage. If your covered vehicle is a motorbike, the endorsement will make motor vehicles with fewer than four wheels eligible for medical payments coverage.
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write on perfect competition
Answers
in a job interview, amanda tells the hiring manager that she is eager to learn and passionate about the work the company does. which personality test trait does this showcase?
a. respect
b. enthusiasm
c. confidence
d. friendliness
Answers
Answer:enthusiasm
Explanation:
The personality test trait this showcase is enthusiasm. Thus the correct option is B.
What is a Job interview?A job interview is referred to as an assessment technique used to evaluate the capabilities of an individual related to a particular job position. In a Job interview, a set of questions is asked by the employer to analyze the strength of an individual.
In the example presented, it is noted that Amanda informs the hiring manager during a job interview that she is eager to learn and enthusiastic about the work the company does.
Tests of practical techniques known as trait assessments are used to evaluate a person's personality and identify their personality traits.
In the given case, the personality test trait she is showing is enthusiasm as it reflects her excitement and interest to join the company. She portrays her thoughts to the hiring manager.
Therefore, option B is appropriate.
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Which of the following illustrates the most economically sound choice for brad? buying both a car and a home leasing both a car and home buying a car and leasing a home leasing a car and buying a home
Answers
Buying both a car and a home best illustrates economics sound choice of brad.
What is a brad?A brad is a device that have a slight projection that help to fasten paper or object. It is a thin, soft metal, such as shim brass, wihich has a round head and a flat, split shank, which spread wide on pages or as a cotter pin or a split rivet.
They are use to attach shoe moldings and fastened small ornamental parts on furnitures Brads are use to glue wooden parts together.
Therefore, Buying both a car and a home best illustrates economics sound choice of brad.
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Answer: Keep it simple: A
Explanation:
buying both a car and a home
The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answers
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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Davidson company has sales of $100,000, variable cost of goods sold of $40,000, variable selling expenses of $15,000, variable administrative expenses of $5,000, fixed selling expenses of $7,000, and fixed administrative expenses of $9,000. What is davidson’s contribution margin?.
Answers
Davidson’s contribution margin for the sale of goods would be : $40,000
What is contribution margin?Contribution margin is a business' sales revenue less its variable costs. The resulting contribution margin can be used to cover its fixed.
Contribution margin is computed as:
= Sales - Total variable cost(Variable cost of goods sold + Variable selling expenses + Variable administrative expenses)
= $100,000 - ($40,000 + $15,000 + $5,000)
= $100,000 - $60,000
= $40,000
Therefore, Davidson’s contribution margin for the sale of goods would be $40,000
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