competitive price-taker markets and purely competitive markets are:
Answers
Answer:
While a competitive market determines the equilibrium point by staying in tune with the supply and demand curves, a perfectly competitive market does not have that luxury. A perfectly competitive market must accept the price point and must only decide how much to sell.
Explanation:
Related Questions
Your plan projects revenue of $5,000, $8,000, and $10,000 in years 1 through 3. Expenses are projected to be $9,000 for each of years 1 through 3. If your only funding need is the gap between revenue and expenses, which is the best estimate of your maximum cumulative funding need?
a) $0
b) $1,000
c) $4,000
d) $50,000
Answers
Answer:
c) $4,000
Explanation:
The only funding needed is the difference between revenue and expense.
For year 1: funding required is $9,000 -$5000 = $4000
For year 2: funding required is$ 9,000 - $8000 = $1000
For year 3: funding required is $9000 -$10,000 = -$1000
cumulative funding = $4000, + $1000 + (-$1000)
=$5000 - $1000
=$4000
What is does it mean to be financially illiterate
Answers
Answer:
it is the financial skill to know how to do personal financial management, budgeting, and investing.
if you have many competing financial goals, what should you do to help yourself focus on the most important ones
a. get more unearned income
b. prioritize and make a budget
c. open a checking account
d. diversify your investments
Answers
Answer:
b. prioritize and make a budget.
Explanation:
Comprehending the drive and purpose behind one's objectives will help broaden their mind and allow people to think about why they set the targets initially. Financial priorities are perfect because they're helping people establish an ambitious plan for their life to move ahead. To balance competing financial objectives, one needs to think about which goals are already in place, which ones may be pending for a few years, and what adjustments one might like to add to their budget.
Answer:
b. prioritize and make a budget
Explanation:
which of the following describes an oligopoly?
a. eight to ten firms producing 90% of the output
b. eight to ten firms producing 60 to 70% of the output
c. four firms producing 70 to 80% of output
d. one firm producing 95% of the output
Answers
An oligopoly is a market structure characterized by a small number of firms that dominate the industry. Among the options provided, the answer would be c. four firms producing 70 to 80% of output.
This is because an oligopoly typically involves a small number of firms, and four firms producing 70 to 80% of the output fits this description. Option a suggests a higher level of concentration, while option b suggests a lower level. Option d describes a monopoly, where only one firm produces the majority of the output.
In an oligopoly, the firms have significant market power and can influence prices and output levels. This can lead to competition among the firms, but also potential collusion to maintain their market dominance.
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Although Malaysia has done well in the last two to three decades, in the recent years, it has come to realize that its economy is facing a middle-income trap. Malaysia can no longer be driven by past strategies on labour intensive models. It needed to take the high-skill, high income route quickly to become and remain competitive in the global economy. Suggest appropriate economic policies to the government that can contribute directly and materially to the economic growth of the country.
Answers
Malaysia's economy has been successful in the past few decades, but it is now facing a middle-income trap. In order to overcome this challenge, the country needs to adopt high-skill, high-income strategies to remain competitive in the global economy.
There are several economic policies that the government can implement to support the country's economic growth. Firstly, the government can invest in education and training to increase the skill levels of the workforce. This can be done by increasing funding for education and training programs and incentivizing individuals and businesses to participate in these programs.
By doing so, Malaysia can develop a highly skilled workforce that is able to compete in high-tech industries and attract foreign investment. Secondly, the government can encourage innovation and entrepreneurship by providing incentives for research and development, as well as offering financial support to start-ups and small businesses.
This will create a more dynamic economy that is better able to adapt to changing global trends and attract foreign investors. Thirdly, the government can invest in infrastructure, such as transportation networks and communication technologies, to improve the country's connectivity and facilitate economic growth.
By improving infrastructure, Malaysia can reduce the costs of doing business and attract more foreign investment. Finally, the government can promote trade liberalization and regional integration by negotiating free trade agreements and joining regional trade blocs.
This will help Malaysia to access new markets and increase exports, which are crucial for sustaining economic growth. In conclusion, the Malaysian government can implement a range of economic policies to support the country's economic growth and overcome the middle-income trap.
These policies include investing in education and training, promoting innovation and entrepreneurship, improving infrastructure, and promoting trade liberalization and regional integration. By implementing these policies, Malaysia can become a high-skill, high-income economy and remain competitive in the global economy.
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Jerry has just received an inheritance of $25,000, and he would like to use it to help him with his retirement. Because Jerry is 25 years old, he figures that the $25,000 can be invested for 40 years before he will need to use it for retirement. Jerry wants to know what interest rate would be necessary for the $25,000 to grow to provide an amount so that he can have a monthly income of $4,000 earned from simple interest only. Assume that Jerry is able to invest in real estate and can earn a 12% annual return on his investment.
Answers
Jerry would need an interest rate of approximately 4.25% for his $25,000 to grow to provide a monthly income of $4,000 earned from simple interest only over a 40-year period.
To determine the interest rate required for Jerry's $25,000 to grow and provide a monthly income of $4,000 earned from simple interest only, we can use the following steps:
1. Calculate the total amount needed for the desired monthly income:
Monthly income = $4,000
Annual income = Monthly income * 12 = $4,000 * 12 = $48,000
Total amount needed = Annual income * Number of years = $48,000 * 40 = $1,920,000
2. Calculate the interest rate required for the initial $25,000 to grow to the total amount needed:
Total amount needed = Initial amount * (1 + Interest rate)^Number of years
$1,920,000 = $25,000 * (1 + Interest rate)^40
3. Solve for the interest rate:
(1 + Interest rate)^40 = $1,920,000 / $25,000
(1 + Interest rate)^40 = 76.8
Take the 40th root of both sides: (1 + Interest rate) = (76.8)^(1/40)
Interest rate = (76.8)^(1/40) - 1
Interest rate = 10.42%
Using a financial calculator or spreadsheet, we can calculate the interest rate to be approximately 4.25%.
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in 2018, the poverty threshold was raised to $24,858 from the 2010 threshold of $22,113 for a two-parent, two-child household. what could be some reasons for this change?
Answers
The main reason for raising the poverty threshold for a two-parent, two-child household from $22,113 in 2010 to $24,858 in 2018 was to account for inflation and the increasing cost of living.
The decision to raise the poverty threshold for a two-parent, two-child household from $22,113 in 2010 to $24,858 in 2018 can be attributed to several factors. One of the primary reasons for this change was the impact of inflation over time. Inflation refers to the general increase in prices of goods and services, which reduces the purchasing power of a given amount of money. As the cost of living rises due to inflation, it becomes necessary to adjust the poverty threshold to reflect the increased expenses faced by families.
Additionally, the change in the poverty threshold also took into account the changing economic landscape and the rising costs associated with raising children. The cost of childcare, education, healthcare, and other essential needs has steadily increased over the years. By adjusting the poverty threshold, policymakers aimed to ensure that families with two parents and two children were not wrongly excluded from receiving assistance and benefits intended to alleviate poverty.
Furthermore, the poverty threshold is often used as a benchmark for determining eligibility for various social welfare programs, such as food stamps, Medicaid, and housing assistance. Raising the threshold ensures that families who may be struggling financially but do not meet the previous threshold are now included and can access the necessary support.
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. A quadratic polynomial whose one zero is 6 and the sum of the zeroes is 0, is x*2-6
True
False
pls tell fast
Answers
Answer:
False
Explanation:
From the question, we can see that a quadratic polynomial is made up of two elements or variables called zeros in this question
From the question, we are told that one variable (zero) = 6
The second variable (zero) = unknown , therefore we can represent the second variable as Y
We are told that the sum of the variables = 0
This means:
6 + Y = 0
Therefore, Y = 0 - 6
Y = -6.
The second variable ( zero) = - 6
Since it is a quadratic polynomial,
The roots of the polynomials are the variables 6 and -6
Hence, we have:
(x + 6) (x - 6) = 0
Expanding the brackets
x² - 6x + 6x - 36 = 0
= x² - 36 = 0
Therefore, a quadratic polynomial whose one zero is 6 and sum of the zero is 0 is x² - 36 = 0
This means the statement made in the question above "A quadratic polynomial whose one zero is 6 and sum of the zero is 0 is x²-6" is false
The ledger of Metlock,Inc. at the end of the current year shows Accounts Receivable $75,000; Credit Sales $845,000; and Sales Returns and Allowances $43,000. (a) If Metlock uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Metlock determines that Matisse's $700 balance is uncollectible. (b) If Allowance for Doubtful Accounts has a credit balance of $1,200 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 9% of accounts receivable. (c) If Allowance for Doubtful Accounts has a debit balance of $500 in the trial balance,journalize the adjusting entry at December 31, assuming bad debts are expected to be 7% of accounts receivable. Prepare journal entries to record the above transactions.
Answers
To solve the problem, we are required to journalize the adjusting entry at December 31, in three different cases as stated in the problem. The journal entries for each scenario are as follows:Direct write-off methodAt December 31, Metlock's Accounts Receivable of $700 by Matisse is considered uncollectible.
DebitCreditBad debt expense700Accounts receivable 700Journalizing adjusting entry at December 31 of the current yearAllowance for Doubtful Accounts MethodGiven that Allowance for Doubtful Accounts has a credit balance of $1,200 in the trial balance, the amount to be recorded for bad debt expense is computed as follows:Accounts receivable = $75,000Bad debts expected = 9% of accounts receivable = 0.09 x $75,000 = $6,750Less: Allowance for doubtful accounts (given) = $1,200Amount to be recorded for bad debt expense = $5,550Journal entry
DebitCreditBad debt expense5,550Allowance for doubtful accounts5,550Journalizing adjusting entry at December 31 of the current yearAssuming that Allowance for Doubtful Accounts has a debit balance of $500 in the trial balance, the amount to be recorded for bad debt expense is computed as follows:Accounts receivable = $75,000Bad debts expected = 7% of accounts receivable = 0.07 x $75,000 = $5,250Add: Allowance for doubtful accounts (debit balance) = $500Amount to be recorded for bad debt expense = $5,750Journal entry:Main answer | ExplanationDebitCreditAllowance for doubtful accounts5,750Bad debt expense5,750Journalizing adjusting entry at December 31 of the current year.
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Decision makers in organizations exhibit values and create practices and policies which are a result of ________ beliefs held by these individuals.
Answers
Decision makers in organizations exhibit values and create practices and policies which are a result of their personal beliefs held by these individuals.
These personal beliefs can be shaped by a variety of factors, including:
1. Cultural background:
Decision makers' values and beliefs are often influenced by the cultural norms and values they grew up with. For example, in some cultures, hierarchy and respect for authority may be highly valued, leading decision makers to create policies that prioritize organizational structure and top-down decision-making.
2. Education and upbringing:
Decision makers' educational background and upbringing can also shape their beliefs. For instance, individuals who have been trained in fields such as ethics or sustainability may prioritize ethical considerations when making decisions and create policies that promote sustainable practices.
3. Personal experiences:
Decision makers' personal experiences, such as past successes or failures, can influence their values and beliefs. For example, a decision maker who has experienced the negative effects of unethical business practices may prioritize integrity and create policies that enforce ethical behavior within the organization.
4. Organizational culture:
Decision makers' values and beliefs can also be influenced by the existing culture within the organization. If an organization has a strong culture of innovation and risk-taking, decision makers may be more inclined to create policies that encourage experimentation and embrace change.
It is important to note that decision makers within an organization may hold different beliefs and values, which can lead to conflicting practices and policies. In such cases, organizations may need to find ways to reconcile these differences and establish a shared vision and set of values to guide decision-making processes.
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the best choice for showing changes in a company's monthly sales during a fiscal year is a(n) .
Answers
The best choice for showing changes in a company's monthly sales during a fiscal year is a fiscal calendar or a fiscal year report.
This report would outline the company's financial performance over a specific period, usually, 12 months, based on the fiscal year chosen by the company. A fiscal year is a period that a company uses for accounting and financial reporting purposes, which may or may not align with the calendar year.
Therefore, it is important to use a fiscal calendar to accurately track and report changes in a company's monthly sales during a fiscal year.
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Why do the media sensationalize issues?
A.
to generate interest in a story, attracting readers or viewers
B.
to ensure that both sides of a story are explored
C.
to remove bias from a story
D.
to make sure that only the most important issues get news coverage
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
A. to generate interest in a story to attract viewers and readers
This document shows that you are allowed to work in the United States:
a. cover letter
b. résumé
c. job application
d. work permit
Answers
Answer:
d. work permit
Explanation:
The work permit is also referred to as the Employment Authorization Document or EAD. A work permit has the same design as a driver's license. It is issued by US Citizenship and Immigration Services (USCIS).
Foreigners coming into the US need to obtain a work permit to enable them to seek employment. The work permit card is presented to potential employers as proof that a person is duly authorized to work in the USA.
Answer:
D. Work permit
Explanation:
Did the quiz
2. When different countries trade commodities and money with one another, we are referring to:
Answers
Answer:
We are referring to global economy
Please help--
Spending that is based on the purchase decisions you make that can vary from month to month is a ___
Answers
Which of the following must be
certified by the FAA to be hired at
airports?
A. Air-traffic controllers
B. CB radio operators
C. Police Dispatchers
Answers
That will be Air - traffic controllers
mark brainliest pls
What are the differences between flexibility and compromise
Answers
Answer:
Flexibility mean you're more flexible about doing something. For example you could have flexible working hours which would mean you can work alot of the time like you can bend easily around when you work and compromise means you're wiling to meet in the middle so an agreement made that makes everyone happy.
what is the differende between wants and needs?
Answers
Explanation:
Want — have a desire to possess or do (something); wish for. Need — require (something) because it is essential or very important rather than just desirable.
A “need” is something that is essential to your survival, and you wouldn’t be able to survive with this. Examples of needs include oxygen, water, food, housing, and clothes. You need oxygen to be able to breathe, and you can’t survive long without food or water. Having clothes is also essential, and having a basic unit of housing provides safety to you.
Hope this helps :)
Prompt What is advertising?
Answers
Answer:
An advertisement (often shortened to advert or ad) is the promotion of a product, brand or service to a viewership in order to attract interest, engagement and sales. Advertisements come in many forms, from copy to interactive video, and have evolved to become a crucial feature of the app marketplace.
Melanie's country has recently gone through a change in governance. The new government has enacted policies to reduce barriers to
International trade, which will boost its economy. What type of trade policies has Melanie's country adopted?
Melanie's country has adopted
policies by reducing international trade barriers.
Answers
A trade barriers reducing policy is the policies that the Melanie's country has adopted to reduce international trade barriers.
What are trade barriers?A trade barrier refers to a natural barrier or imposed restraint by government on the flow of international goods or services.
Some examples of trade barrier includes import quotas, embargoes, buy-national regulations, distance, language etc.
In conclusion, a trade barriers reducing policy is the policies that the Melanie's country has adopted to reduce international trade barriers.
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Marcel wants to open a car wash after graduating from high school. For several days, he observed the cars being washed at a local car wash and recorded the following information: Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 50 cars 45 cars 48 cars 26 cars 47 cars 55 cars What is the average number of cars washed each day? If the car wash were open only five days a week, how many cars might be washed per year? (Hint: There are 52 weeks in a year.)
Answers
The average number of cars washed each day is 45 cars and the total number of cars washed in a year is 11,700.
What is mean?In statistics, in addition to the mode and median, the mean is one of the measures of central tendency. Simply put, the mean is the average of the values in the given set. It indicates that values in a particular data set are distributed equally. The three most frequently employed measures of central tendency are the mean, median, and mode. The total values provided in a datasheet must be added, and the sum must be divided by the total number of values in order to determine the mean.
Given a table for car washing each day,
Day 1 Day 2 Day 3 Day 4 Day 5 Day 6
50 45 48 26 47 55
Average for cars washed each day,
Average = sum of cars washed/number of days
sum of cars washed = 50 + 45 + 48 +26 + 47 + 55
the sum of cars washed = 271
total days = 6
average = 271/6 = 45.1667
average car washed each day = 45
If the car wash were open only five days a week, how many cars might be washed per year,
total car washed in year = (number of days)(average car washed)(year week)
total car washed in year = 5 x 45 x 52
total car washed in year = 11,700
Hence average car washed each day is 45 and the total car washed in a year is 11,700.
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Justify how dstv has been regarded as an example of a monopoly with following characteristics of monopoly natural of product access/entry to the market
Answers
Justification of a monopolist, DSTV as an example.
What is a monopoly?Monopoly is a market structure that consist of a single seller of a product, who at the same time have control over price of the product.
DStv as a monopolist is unique in terms of product offering hence have no close substitute. Here, Dstv has control over the market and entry to the market is blocked because of being the sole producer or seller of the product.
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Self-motivation is a very important quality that employers look for. Being ready to complete assigned tasks without having to be told and working hard are factors in a successful career. Explain why being careful to pick our career path can help us maintain motivation when we enter the work force.
Answers
Answer:
if you pick a job you really dont like you're not gonna go to it clock in none of that picking a job you like and comfortable with you'll want to go everyday and give 110 percent
Answer:
Actually enjoying doing a job can give you a lot more motivation than doing one you hate. Be careful to pick a job you'll actually enjoy so you'll have a reason to work hard for it.
your portfolio is diversified. you have _____ investments.
Answers
Your portfolio is diversified. You have a variety of investments. By diversifying your portfolio, you aim to minimize the impact of any individual investment's performance on the overall portfolio.
Diversification refers to the practice of spreading investments across different asset classes, sectors, industries, or geographical regions to reduce risk and potentially enhance returns.
The specific number of investments in a diversified portfolio can vary depending on individual preferences, risk tolerance, and investment strategy. There is no fixed number of investments that constitutes a diversified portfolio. It can range from a few carefully selected investments to a larger number of holdings across different asset classes.
The key idea is to have a mix of investments that are not overly correlated with each other, so that if one investment underperforms, others may compensate or provide stability. This diversification helps to manage risk and potentially achieve more consistent returns over time.
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was there new technology or innovation involved in epidemiology
Answers
Answer:
Epidemiology has evolved with the development of new molecular technologies that refine the way we investigate the relationships between exposure and disease.
Trudy’s monthly expenses are outlined in the chart below. Trudy’s job pays her $36,000 annually. Determine Trudy’s DTI (debt-to-income) ratio. Trudy's Debt and Income Income: $36,000 (annually) Rent: $695 (monthly) Car Payment $265 (monthly) Student Loan $200 (monthly) Credit Cards $160 (monthly) a. 28% b. 35% c. 37% d. 44% Please select the best answer from the choices provided A B C D
Answers
Answer:
d. 44%
Explanation:
Calculation to determine what DTI ratio is
First step is to calculate the Debt
Using this formula
Debt = (Rent expense + Carr payment + Loan + Credit card payment) × Number of months in a year
Let plug in the formula
Debt =[($695 + $265 + $200 $160) × 12 months]
Debt= $1,320 × 12 months
Debt = $15,840
Now let calculate DTI ratio using this formula
Using this formula
Debt to income ratio = (Debt) ÷ (Income) × 100
Let plug in the formula
DTI ratio=[ ($15,840 ÷ $36,000) × 100]
DTI ratio=0.44*100
DTI ratio= 44%
Therefore DTI ratio is 44%
Answer:
I found the missing data:
Monthly expenses:
rent is $695
car payment is $265
student loan's $200
credit cards $160
695 + 265 + 200 + 160 = 1,320
1,320 * 12 months = 15,840
Debt-to-Income ratio = 15,840 / 36,000
Debt-to-Income ratio = 0.44
Trudy's DTI ratio is d. 44%
Explanation:
All credit to BlueSky06 for this answer.
you can blank/what your tax liability through proper financial planning
Answers
Answer:
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Why is a brand important to a business?
Answers
What should investors consider when planning for their retirement? Check all that apply. -the amount an employer will match for a 401(k) -the contributions an employer will make to an IRA -the ideal age to establish a particular retirement plan -the amount an investor is allowed to contribute annually -the tax laws and breaks related to different retirement plans -the amount that can be withdrawn early without getting taxed
Answers
In a 401k the employer usually matches a percentage and if you are lucky dollar for dollar, where in an IRA it is does an an extra option with a set amount of money usually 2500 or more for each IRA contribution.
Correct option is A, C, D and E.
1. The amount an employer will match for a 401(k):- you don't have to forget when you will need the money, retirement is years away, but you have to know what choices will make it worth by the time you need the money back. And it is also important to know really how much you can invest. When you have a large amount more options are available. But using a variety of investments will reduce the risk.
3. The ideal age to establish a particular retirement plan:- that will set you up for the plan you need. Below 50 or older.
4. The amount an investor is allowed to contribute annually, the federal law allows a maximum contribution for participants older than 50.
5. The tax laws and breaks related to different retirement plans:- retirement plans can often give you tax benefits in the present it depends to the one you choose. For example, the payment of the tax on the money deposited in a traditional 401 (k) plan can be delayed until the money is withdrawn from the account.
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Answer:
A,C,D,E
Explanation:
I did it and this was correct.
The economies of many countries, such as ____, are based on manufacturing electronics.
Answers
Answer:
Japan & Taiwan
Explanation:
Japan & Taiwan are examples of two countries whose economies depend on electronic manufacturing. Some of the popular Japanese electronic brands include Sony, canon, and Toshiba. These brands are household names worldwide. Taiwan brands include Acer, HTC, and Asus, which are very popular in laptops and phones.