Explain the different degrees of demand elasticity
with appropriate curves and provide a real world example for each
type.
Answers
Demand elasticity refers to the responsiveness of quantity demanded to changes in price. There are three degrees of demand elasticity: elastic, inelastic, and unitary elastic.
Elastic demand: Elastic demand occurs when a change in price leads to a proportionately larger change in quantity demanded. The demand curve for elastic goods is relatively flat. A real-world example of elastic demand is luxury goods or non-essential items such as designer clothing or high-end electronics. If the price of luxury goods increases, consumers are more likely to decrease their demand significantly as they have various substitutes or alternative options available.
Inelastic demand: Inelastic demand occurs when a change in price leads to a proportionately smaller change in quantity demanded. The demand curve for inelastic goods is relatively steep. An example of inelastic demand is essential goods or products with limited substitutes, such as prescription medications. Even if the price of prescription medications increases, consumers may continue to purchase them because they are necessary for their health and well-being.
Unitary elastic demand: Unitary elastic demand occurs when a change in price leads to an equal proportionate change in quantity demanded. The demand curve for unitary elastic goods is a straight line. An example of unitary elastic demand is gasoline. If the price of gasoline increases, consumers may adjust their consumption patterns to maintain a relatively constant level of spending on gasoline.
These examples illustrate how different degrees of demand elasticity reflect the sensitivity of consumers to price changes and their willingness or ability to adjust their consumption patterns based on those changes.
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Related Questions
what is the minimum wage per hour in South Africa at
2021?
Answers
Answer:
R21,69
Explanation:
Minimum wage is least amount a worker can earn in a particular country according to the legislation of that country.
According to the Employment and Labour minister TW Nxesi, he announced that the National Minimum Wage (NMW) for each ordinary hour worked has increased from R 20,76 to R 21,69 for the year 2021 effective from 01 March 2021.
The NMW legislation came into effect in South Africa on 01 January 2019 at a level of R 20 per hour. In terms of NMW act of 2018, the policy framework is a floor level below which no employee should be paid.
So, the minimum wage in South Africa as at 2021 is R 21,69
there are three equally likely states of nature (high, medium, and low demand). if the large factory will post profits of $60,000, $25,000, and -$10,000 under these states of nature, respectively, what is the emv of the factory? group of answer choices $50,000 $28,333.33 $25,000 $21,666.67
Answers
The EMV of the factory under three equally likely states of nature with profits of $60,000, $25,000, and -$10,000 is $25,000.
What is the Expected Monetary Value (EMV) of a factory that has profits of $60,000, $25,000, and -$10,000 under three equally likely states of nature, and what is the process for calculating the EMV in this scenario?To find the Expected Monetary Value (EMV) of the factory, we need to calculate the weighted average of the profits under each state of nature,
where the weights are the probabilities of each state occurring.
In this case, there are three states of nature with equal probabilities, so each state has a probability of 1/3.
The profits under each state of nature are $60,000, $25,000, and -$10,000, respectively.
Therefore, the EMV of the factory is:
EMV = (1/3)($60,000) + (1/3)($25,000) + (1/3)(-$10,000)
= $25,000
So, the EMV of the factory is $25,000.
This means that, on average, the factory is expected to make a profit of $25,000 under these three equally likely states of nature.
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uppose the Fed wants to implement an anti-recession monetary policy. For each of the tools listed below, indicate the direction the Fed's action should take. The Fed should conduct an open market V of Treasury bonds. The Fed should the reserve requirement. The Fed should V the interest rate paid on reserves deposited at the Fed. The Fed should lending from its discount window. Click to select your answer's)
Answers
The "V" symbol in the options indicates that the action should vary based on the specific tool.
To implement an anti-recession monetary policy, the Federal Reserve (Fed) can use various tools. Let's indicate the direction the Fed's action should take for each of the tools mentioned:
The Fed ought to hold a Treasury bond open market V.
Action: Purchase
By conducting an open market purchase of Treasury bonds, the Fed increases the money supply in the economy, which can stimulate economic activity and promote lending and spending.
The reserve requirement should be set by the Fed.
Action: Decrease
By decreasing the reserve requirement, the Fed allows banks to hold a smaller portion of their deposits as reserves. This increases the amount of money banks can lend, stimulating lending and economic growth.
Action: Decrease
By decreasing the interest rate paid on reserves, the Fed incentivizes banks to lend their excess reserves rather than keeping them idle. This promotes lending and stimulates economic activity.
The Federal Reserve should lend through its discount window.
Action: Increase
By increasing lending from its discount window, the Fed provides additional liquidity to banks, allowing them to meet their short-term funding needs. This increases the availability of credit and supports economic activity.
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outline 2 reasons for completing assigned tasks daily
Answers
In summary, it is important to complete your tasks because it helps you feel better, helps you identify what you should be working on and together that means you complete more tasks.
as a buyer who has just made an offer, how can you add a term to that offer after the seller has already received it?
Answers
As a buyer, you can add a term to your offer after the seller has received it by submitting an amendment or addendum to the original offer.
As a buyer who has just made an offer, you can add a term to that offer after the seller has already received it by submitting an amendment or addendum. This can be done by drafting a written document that clearly states the additional term or condition you wish to include.
The amendment should reference the original offer and clearly outline the new term you want to add. It is important to promptly communicate the amendment to the seller and ensure that they acknowledge and accept the revised terms.
Keep in mind that the seller is under no obligation to accept the amendment, and they may choose to negotiate or reject the proposed changes. Therefore, open and transparent communication is crucial to reaching a mutually satisfactory agreement.
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What is true about money?
a - Money maintains purchasing power over time.
b - Money stays at the same value over time.
c - Money does not provide a standard unit of measurement.
d - Money retains the same value permanently.
Answers
Option (a) Money maintains purchasing power over time is correct.
The statement "Money maintains purchasing power over time." is true about money.
What is purchasing power?The number of goods and services that can be bought with one unit of currency is known as the purchasing power. The worth of a currency is measured by the quantity of products or services that it may be used to purchase. Over time, inflation may cause it to weaken. That's because you may buy fewer products or services as a result of increased prices. The purchasing power of a single US dollar has changed, for instance, if you buy a can of soda for one US dollar one year, but the next year, the same can of soda costs two dollars.Since real income refers to income that has been inflation-adjusted, a greater real income translates to a better purchasing power.Learn more about purchasing power here:
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Answer: a.) - Money maintains purchasing power over time.
Hope this helps :)
Assume that the oil extraction company needs to extract Q units of oil (a depletable resource) reserve between two periods in a dynamically efficient manner. What should be a maximum amount of Q so that the entire oil reserve is extracted only during the 1st period if (a) the marginal willingness to pay for oil in each period is given by P = 26 - 0.5q, (b) marginal cost of extraction is constant at $3 per unit, and (c) discount rate is 1%?
Answers
To determine the maximum amount of oil reserve, Q, that should be extracted only during the 1st period, we need to compare the marginal cost of extraction with the marginal willingness to pay for oil in each period.
(a) The marginal willingness to pay for oil in each period is given by P = 26 - 0.5q, where q represents the quantity of oil extracted in each period.
(b) The marginal cost of extraction is constant at $3 per unit.
(c) The discount rate is 1%.
We want to maximize the total present value of revenue from oil extraction. The present value of revenue can be calculated using the formula:
PV = Σ [(P - MC) / (1 + r)^t],
where PV is the present value of revenue, P is the price per unit, MC is the marginal cost per unit, r is the discount rate, and t is the time period.
Since the marginal cost of extraction is constant at $3 per unit, MC = $3.
Using the formula for marginal willingness to pay, we have P = 26 - 0.5q.
Substituting the values into the present value formula, we get:
PV = Σ [(26 - 0.5q - 3) / (1 + 0.01)^t],
where the summation is taken over the 1st period.
To maximize PV, we want to extract the maximum amount of oil reserve, Q, only during the 1st period. This means the summation will include all values of q from 0 to Q.
To find the maximum value of Q, we need to determine the point at which extracting any additional unit of oil in the 1st period would result in a lower present value.
Therefore, we need to find the value of Q where the marginal willingness to pay, 26 - 0.5Q, is equal to the marginal cost, $3.
26 - 0.5Q = 3,
Solving for Q:
0.5Q = 23,
Q = 46.
Hence, the maximum amount of oil reserve, Q, that should be extracted only during the 1st period is 46 units.
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[This case based on a PMI case]. Recently, PPC hired Bruce, who is a young and ambitious junior project manager in your department. This is his second job since he graduated from Auckland University a few years back. Some colleagues soon like Bruce, others not so. Your more experienced colleague Sourav is uncomfortable with what Bruce listed as accomplishments on his résumé and had questioned his level of experience. After a few months, it became evident that James was significantly more immature than his peers. He talked over people and shouted them down, turning every meeting into a battleground. He soon alienated part of the team. Sourav comes from a different cultural background, and found Bruce’s behaviour highly disturbing. On the other hand, Bruce seemed to do his job adequately, if not very well, and seemed to have the full support of the Operations Director. After a particularly difficult meeting with representative from one of the e-tailers, Sourav overheard Bruce disparaging another project manager who had challenged him. Soon, rumours about that project manager were flying around and Sourav had the impression these rumours all began with Bruce. The atmosphere in the office was changing and Sourav perceived a higher level of competition and conflict among peers, but Bruce had his supporters. Although Sourav was not directly involved in his projects, he started taking a closer look at Bruce’s job. He noticed that when Bruce met with PPC directors, he regularly took credit for his team’s work. He did work late and put in some hours on weekends, but Sourav was convinced that he was grossly exaggerating his effort and, moreover, there was no evidence that his projects benefited from all the extra hours. We see an Ethical Dilemma: What is Sourav ’s position as Bruce’s peer? And, as a more senior project manager in the company? Should Sourav look more closely into Bruce’s projects? What could happen if he approaches the Operations Director about the problem? What will happen if he does not say anything? Pr 4: Assignment: Introduce your report and motivate your selected decision-making model. Motivate. (2 Marks) List the facts you consider relevant to clarify the situation. (3 Marks) List the alternative options for taking action that you consider significant and prioritize one. (2 Marks) Describe the impacts your choice may have. (3 Marks) List questions that you find essential to recognize and assess the ethical dilemma, even if the question is not listed in the PMI Decision Making Framework or in the PPT slides of one of the weekly lectures. (2 marks). Present this assignment as a brief and confidential report to the Operations Manager. Use max 300 – 500 words main text. Additionally, provide a well-written management summary of 50 - 70 words. Put other stuff in Appendices.
Answers
Sourav is in an ethical dilemma regarding Bruce's behavior as his peer and as a more senior project manager in the company. Sourav should look more closely into Bruce's projects to gather evidence and make an informed decision.
If Sourav approaches the Operations Director about the problem, several things could happen. The Operations Director may investigate Bruce's behavior and potentially take action if the allegations are found to be true. This could result in Bruce facing consequences for his actions, such as disciplinary measures or even termination. It may also lead to a more positive and collaborative work environment if Bruce's disruptive behavior is addressed.
On the other hand, if Sourav does not say anything, the negative atmosphere in the office may persist or even worsen. Rumors and conflicts may continue to escalate, causing further division among the team members. This can result in decreased productivity, morale, and overall performance within the department.
To clarify the situation, the relevant facts include Bruce's behavior in meetings, his disparaging comments about another project manager, his tendency to take credit for his team's work, and the perceived exaggeration of his effort. These behaviors suggest a lack of professionalism, teamwork, and integrity.
The alternative options for Sourav include confronting Bruce directly about his behavior, discussing the issue with a higher-level manager or HR department, or gathering evidence to present a case against Bruce.
Prioritizing one option, Sourav should first gather evidence by closely examining Bruce's projects. This will provide concrete examples of Bruce's behavior and the impact it may have on the team and the company. By having evidence, Sourav can make a stronger case and increase the chances of a successful resolution.
The impacts of Sourav's choice to look more closely into Bruce's projects and potentially address the issue can lead to a more harmonious work environment. It may restore trust and collaboration within the team, improve overall morale, and increase productivity. However, it could also lead to conflict and potential backlash from Bruce and his supporters, creating tension within the department.
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How do differences in the national income of different countries affect their economic development ?
Answers
Answer:
National is the total number of goods and services produced in a country in a given year.
Explanation:
National Income is simply a country's wealth and it goes a long way in shaping the economic development of a country. From, the definition of national income, we should know that every country national income( i.e the net amount of income of the citizens by production in a year) will differ hence, the difference in their economic development.
National Incomecan be classified in to two namely:
GDP: Gross domestic product is the aggregate value of goods and services produced in a country. it is used to measure a country 's economic growth.
GNP: Gross National Product on the other hand is the estimated value of the final goods and services produced by a country during a specific period of time (usually a year),before allowance is made for the depreciation or consumption of capital used in the process of production.
IF country A GDP is 52,000 while that of Country B is 45,000. We can say country A is economically developed than country B. i.e Country A is experiencing more positive growth than country B.
This explains a vivid answer to the above question as all country can not grow at the same rate since their national income differs. the higher the national income of a country, the better it is from others.
A(n) _____ structure should be introduced where employees perform tasks with high variability and low analyzability.Select one:a. team-basedb. formalizedc. organicd. mechanistice. simple
Answers
A(n) organic structure should be introduced where employees perform tasks with high variability and low analyzability. Option C
This type of structure emphasizes flexibility and adaptability in response to changes in the environment, which is particularly important for tasks that are difficult to standardize or automate.
In a relational structure, employees work closely together in teams or groups, and communication and collaboration are emphasized. This allows for the exchange of ideas and the pooling of resources, which can lead to more creative problem-solving and innovation.
In contrast, a more rigid, hierarchical structure may be more appropriate for tasks with low variability and high analyzability. In this type of structure, tasks are more standardized and routine, and decision-making is centralized. This can lead to greater efficiency and consistency, but may be less adaptable to changing circumstances.
Overall, the choice of organizational structure should be based on the nature of the tasks being performed and the goals of the organization. For tasks with high variability and low analyzability, a relational structure that emphasizes flexibility and collaboration may be the most effective approach. Option C
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midge feels that the price of gold is going to fall because inflation is on the decline. to profit from her prediction, assuming she is correct, midge should
Answers
Yes, Midge should sell short a futures contract today to profit from her prediction that the price of gold will fall due to declining inflation.
Selling short a futures contract involves selling a commodity, such as gold, that the seller does not currently own. The seller agrees to deliver the commodity at a future date, anticipating that its price will decline. If Midge believes that the price of gold will fall due to declining inflation, selling short a gold futures contract would allow her to profit from this prediction.
By selling short a futures contract, Midge can take advantage of falling gold prices. If the price does indeed decrease as she predicts, she can buy back the futures contract at a lower price and make a profit on the difference. This strategy allows Midge to benefit from her anticipation of declining inflation and the subsequent impact on the price of gold.
However, it's important to note that selling short carries risks. If Midge's prediction is incorrect and the price of gold rises instead, she could potentially incur losses. Therefore, careful analysis and consideration of market conditions and trends are crucial when engaging in futures trading to maximize the chances of making profitable trades.
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The Complete question is
Midge feels that the price of gold is going to fall because inflation is on the decline. To profit from her prediction, assuming she is correct, Midge should sell short a futures contract today.
XYZ corporation has the following market value based capital structure. Long term bonds $20 billion Common equity $30 billion The required rate of return for the common stock is 20% and the yield to maturity for the bonds is 10%. The tax rate is 30%. Compute the after tax weighted average cost of capital. Report the answer as a percentage figure without the % symbol.
Answers
To calculate the after-tax weighted average cost of capital (WACC), we need to consider the weights of the different components of the capital structure, their respective costs, and the tax rate.
Given:
Long-term bonds: $20 billion
Common equity: $30 billion
The required rate of return for common stock: 20%
Yield to maturity for bonds: 10%
Tax rate: 30%
Step 1: Calculate the weights of each component.
Total capital: $20 billion (bonds) + $30 billion (equity) = $50 billion
Weight of bonds: $20 billion / $50 billion = 0.4 (or 40%)
Weight of equity: $30 billion / $50 billion = 0.6 (or 60%)
Step 2: Calculate the after-tax cost of debt.
After-tax cost of debt = Yield to maturity * (1 - Tax rate)
After-tax cost of debt = 10% * (1 - 0.30) = 7%
Step 3: Calculate the weighted average cost of capital.
WACC = (Weight of debt * After-tax cost of debt) + (Weight of equity * Required rate of return)
WACC = (0.4 * 7%) + (0.6 * 20%)
WACC = 2.8% + 12%
WACC = 14.8%
Therefore, the after-tax weighted average cost of capital (WACC) for XYZ Corporation is 14.8% (without the % symbol).
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Price of Video Game Quantity Supplied
of Video Games Quantity Demanded
of Video Games
$50
0
500
$75
50
325
$100
200
200
$150
250
100
$200
400
0
In the supply-and-demand schedule shown above, at a price of $150, the quantity supplied of video games is _____ and the quantity demanded of video games is _____.
50, 325
250, 100
200, 200
Answers
Note that the equilibrium price as depicted in the supply-and-demand schedule for video games is $ 100.
What is the rationale for the above response?To determine the optimal price for this task, one must first grasp the Law of Supply and Demand and its mechanics.
The supply of an item or service generates demand for the good or service, according to the Law of Supply and Demand.
In this example, the growth of the video game market increases demand for video games. Demand and supply interact according to price, which is how the law works. When the price is high, the demand is low and the supply is plenty. If the price is cheap, the amount given is small, but the quantity sought is large.
This makes perfect sense when you consider that the buyer wants to pay the least amount feasible for a product, while the provider wants to earn the most amount possible.
In this situation, price is the adjustment vector that causes demand and supply to interact. There will come a moment when demand and supply are equal, which means that the number of video game customers will be the same as the number of video games sold. At this time, we say that the market is in equilibrium, and the price is the equilibrium price.
It occurs in this exercise when the quantity asked equals the quantity delivered, both in 200. The equilibrium price at that time is $100.
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Shondra’s family’s monthly net income is $6,654. The family’s budget is shown in the circle graph below. The family decides to increase the savings budget by 3 percent by decreasing one of the variable expenses by 3 percent. A circle graph titled Family Budget. Housing is 30 percent, Food is 27 percent, Savings is 10 percent, Transportation is 12 percent, medical is 7 percent, clothing is 10 percent, emergency fund is 4 percent. If the family decreases the clothing budget by 3 percent, what amount will it have to spend on clothing? Round to the nearest dollar. $266 $466 $645 $665
Answers
Answer:
B. 466
Explanation:
All you need to do is take the net income and multiply it with the percentage of the clothing budget. Since the budget for clothing is brought down from 10% to 7% the equation becomes:
\(6654(0.07)=465.78\)
Answer:
I believe that the answer is B
Explanation:
Vince, a part-time caterer, negotiates a catering contract with kevin for an annual corporate memorial day picnic. vince does not want to concede to kevin's demands for unlimited seconds on fried chicken without any increase in what he is paid. however, he accepts the contract without any counterbalancing concession from kevin. vince resolves the conflict in the negotiation in the _____ mode.
Answers
Vince resolves the conflict in the negotiation in the accommodating mode.
The accommodating mode in business simply signifies the opposite of competing. This style is simply about putting other parties' needs before one's own. It refers to being unassertive and collegial.
Here Vince is becoming accommodating to his client Kevin to resolve the conflict. Vince is satisfying Kevin's concerns while neglecting his own. A concept of self-sacrifice is functioning here. Vince is here kind of obeying Kevin's order without preferring the same or yielding the same point of view.
Accommodating mode permits conflicts to be resolved quickly. It helps in reinstituting peace and harmony. It aids in maintaining productive working relationships. It preserves trust between the clients and helps in earning goodwill and appreciation. It mostly acts as a key to advancing one's career.
This model also has certain downsides. If one relies too much on the accommodating mode, it can result in getting low attention, limited influence, and anarchy. People who overuse this mode, begin to express anxiety over future uncertainties. It can also lead to feelings of regret and resentment.
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Locate an online tool/app or download a budget template from the Internet and practice creating a budget for yourself. Remember to follow the budgeting steps. How did you do? When done, answer the following questions: (1) Are there any ways to increase your income? For example, selling items you no longer use? (2) Are there ways to further reduce expenses each month? (3) What are your savings goals per month?
Answers
Answer:
Hope it helps
Explanation:
Step 1: Note your net income
The first step in creating a budget is to identify the amount of money you have coming in. Keep in mind, however, that it’s easy to overestimate what you can afford if you think of your total salary as what you have to spend. Remember to subtract your deductions for Social Security, taxes, 401(k) and flexible spending account allocations when creating a budget worksheet. Your final take-home pay is called net income, and that is the number you should use when creating a budget.
If you work freelance or part-time, we’ve put together some tips for managing irregular income.
Tip: If you have a hobby or a talent, you may be able to find a way to supplement your income. Having an extra source of income can also be helpful if you ever lose your job.
Step 2: Track your spending
It’s helpful to keep track of and categorize your spending so you know where you can make adjustments. Doing so will help you identify what you are spending the most money on and where it might be easiest to cut back.
Begin by listing all your fixed expenses. These are regular monthly bills such as rent or mortgage, utilities or car payments. It’s unlikely you’ll be able to cut back on these, but knowing how much of your monthly income they take up can be helpful.
Next list all your variable expenses—those that may change from month to month such as groceries, gas and entertainment. This is an area where you might find opportunities to cut back. Credit card and bank statements are a good place to start since they often itemize or categorize your monthly expenditures.
Tip: Record your daily spending with anything that’s handy—a pen and paper, an app or your smartphone. You can use this spending and budgeting tool if you have an account with Bank of America.
Step 3: Set your goals
Before you start sifting through the information you’ve tracked, make a list of all the financial goals you want to accomplish in the short-and long-term. Short-term goals should take no longer than a year to achieve. Long-term goals, such as saving for retirement or your child’s education, may take years to reach. Remember, your goals don’t have to be set in stone, but identifying your priorities before you start planning a budget will help. For example, it may be easier to cut spending if you know your short-term goal is to reduce credit card debt.
Step 4: Make a plan
Use the variable and fixed expenses you compiled to help you get a sense of what you’ll spend in the coming months. With your fixed expenses, you can predict fairly accurately how much you’ll have to budget for. Use your past spending habits as a guide when trying to predict your variable expenses.
You might choose to break down your expenses even further, between things you need to have and things you want to have. For instance, if you drive to work every day, gasoline probably counts as a need. A monthly music subscription, however, may count as a want. This difference becomes important when it’s time to make adjustments.
Step 5: Adjust your habits if necessary
Once you’ve done all this, you have what you need to complete your budget. Having documented your income and spending, you can start to see where you have money left over or where you can cut back so that you have money to put toward your goals.
Want-to-have expenses are the first area to look for spending cuts. Can you skip movie night in favor of a movie at home? Try adjusting the numbers you’ve tracked to see how much money that frees up. If you’ve already adjusted your spending on wants, evaluate your spending on needs. You may need internet at home, but do you need the fastest available?
Lastly, if the numbers still aren’t adding up, you can look at adjusting your fixed expenses. Doing so will be much more difficult and require greater discipline, but on close inspection a “need” may just be a “hard to part with.” Such decisions come with big trade-offs, so make sure you carefully weigh your options.
Tip: Small savings can add up to a lot of money, so don’t overlook the little stuff. You might be surprised at how much extra money you accumulate by making one minor adjustment at a time.
Step 6: Keep checking in
It’s important that you review your budget on a regular basis to be sure you are staying on track. You can also compare your monthly expenses to those of people similar to you. Few elements of your budget are set in stone: You may get a raise, your expenses may increase or you may have reached your goal and want to plan for a new one. Whatever the reason, keep checking in with your budget following the steps above.
What is the purpose of the federal budget? A. It serves as a plan for government spending each year. B. It ensures that the government will always have a surplus C. It allows the government to default on its debts O D. It prevents the government from creating a budget deficit .
Answers
Answer:
It serves as a plan for government spending each year
The major purpose of the federal government is to serve as a plan for government spending each year.
What do you mean by a federal budget?A federal budget refers to a plan for how the government will take in money.
It is revised every year and the purpose is to outline the budget for the nation's priorities for years.
It serves as a plan for government spending. Therefore, A is the correct option.
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Kamal, Kamala, Krishna invert a sum of RS= 30,000 on a business in the ratio 2 : 3 : 5. Find the each of their investment.
Answers
Answer:
3000kamal
9000kamala
15000krishna
Explanation:
let the unknown investment be x
now
2x+3x+5x=30000
10x=30000x
x=30000/10
x=3000
again;
2x=2×3000=6000
3x=3×3000=9000
5x=5×3000=15000
wise it is correct
Answer:
Kamal
2×30000÷10 = 6000
Kamala
3×30000÷10= 9000
Krishna
5×30000÷ 10= 15000
Explanation:
Kamal _ RS = 6000
Kamala _RS =9000
Krishna _RS=1,5000
two historical leaders who practiced different leadership styles
Answers
Self-assured and endearing are traits of charismatic leaders.
Transformative leaders solicit supporters with ideas.
What is leadership?Leadership is crucial because it encourages, inspires, and sets an example for others to make the country a safer place. Managers include a vision, offer a course of action, and cultivate a close bond with her followers.
The primary driver that separates the two is that, whereas charisma is centered on the leader, Transformative performance is constructed around like ideas and typically incorporates involvement from the current roster, not only the leader.
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Chloe enjoys her math classes, and she would like to find a career that will allow her to continue to use her math skills. Which career would be a good fit for her? A. accountant B. purchasing agent C. commercial carpenter D. human resources manager
Answers
Answer:
Just give
PhysicsGirl brainiest
Chyou has heard that gas appliances are cheaper to use and can lower utility costs. She is interested in purchasing a new gas dryer to replace her electric dryer. Assuming that the dryer drys one load per day, use the following chart to determine how much Chyou will save each year in utility costs by purchasing the gas appliance.
Answers
Answer:
Its b 105.85
Explanation:
It just is break it down
Answer:
B.
Explanation:
Write a question keep it simple
Answers
Answer:
Why do people break up if they love each other?
Explanation:
sorry it's not simple lol
What are some of the advantages of incorporating?
A. All businesses are required by law to incorporate.
B. Business owners are protected from liability and lawsuits.
C. Incorporation is the least expensive business structure.
D. Incorporation makes a business more likely to succeed.
Answers
DO NOT ANSWER THIS QESTION
Answers
Answer: ok
Explanation:
If the state of Texas has a lower opportunity cost for producing beef compared to Alaska, then... Texas has a comparative advantage in beef and should just produce beef for itself and not export to other states like Alaska. Texas has an absolute advantage in beef and should share expertise with Alaska so they can develop an absolute advantage as well. Texas has a comparative advantage in beef, and Alaska should purchase beef from Texas. Texas has an absolute advantage in beef, and Alaska should purchase beef from Texas. Absolute advantage refers to the ability to produce more and not necessarily the ability to produce at a lower opportunity cost. Learning Objective: Define comparative advantage
Answers
Texas has a comparative advantage in beef, and Alaska should purchase beef from Texas."
Comparative advantage is the ability of an individual, company, or country to produce a specific good or service at a lower opportunity cost than another individual, company, or country.
In this scenario, Texas has a lower opportunity cost for producing beef compared to Alaska. This means that Texas can produce beef at a lower cost than Alaska can. Therefore, Texas has a comparative advantage in beef production.
As a result, it would be beneficial for Alaska to purchase beef from Texas, as it would be cheaper for Alaska to buy beef from Texas than to produce it themselves. This would allow Alaska to allocate their resources to other areas where they have a comparative advantage.
Overall, the key takeaway from this scenario is that when one entity has a lower opportunity cost for producing a specific good or service, they have a comparative advantage and should specialize in producing that good or service. Other entities should then purchase that good or service from the entity with the comparative advantage, as it would be more cost-effective for them to do so.
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A Checklist Is A Type Of: Poka-Yoke. Kaizen. Kanban. Pareto Chart Flowchart
Answers
A Checklist Is a type of: Poka-Yoke
What is Poka-Yoke?
Any device or system that prevents someone from carrying out an activity incorrectly is known as a poka-yoke.
It is a Japanese term that meaning "mistake-proofing." Poka-yoke is used to reduce waste, usually by getting rid of or decreasing errors in quality that result in rework and scrap as well as getting rid of any safety hazards.
The purpose of checklists is to keep track of tasks or projects and make sure nothing crucial is overlooked while they are being carried out.
In this manner, you ensure that nothing is left out that might affect your outcomes. Additionally, they guarantee that tasks are carried out in a systematic, ordered manner.
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Kohelis Mining is a monopoly and is currently operating at al loss. (A) draw a correctly labeled graph and show each of the following.
(i)The profit maximizing quantity, labeled Qm
(ii)The profit maximizing price labeled Pm
(iii)the average total cost curve labeled atc
(iv)the allocatively efficient quantity labeled Qa
Answers
The equations for the following are
(i)The profit maximizing quantity is MC = MR
(ii)The profit maximizing price is Pm = Price corresponding to Qm
(iii)the average total cost curve is ATC curve = Above the demand curve and price level
(iv)the allocatively efficient quantity is Qa < Qm
Allocative efficiency occurs when the quantity produced (Qa) equals the quantity demanded by consumers. However, in a monopoly, the firm restricts output to maximize profit, resulting in a quantity level below the allocatively efficient quantity.
The mathematical equations for the concepts discussed are as follows:
(i) Profit-maximizing quantity (Qm):
To determine the profit-maximizing quantity, we equate marginal revenue (MR) with marginal cost (MC):
MR = MC
(ii) Profit-maximizing price (Pm):
The profit-maximizing price is the price at which the firm can sell the quantity Qm. It can be found by drawing a vertical line from the Qm point on the demand curve to the y-axis:
Pm = Price corresponding to Qm
(iii) Average total cost curve (ATC):
The average total cost (ATC) curve represents the per-unit cost of producing each quantity level. It is usually U-shaped. In the given scenario, since the firm is operating at a loss, the ATC curve will be above the demand curve and the price level:
ATC curve = Above the demand curve and price level
(iv) Allocative efficient quantity (Qa):
Allocative efficiency occurs when the quantity produced (Qa) equals the quantity demanded by consumers. In a monopoly, the firm restricts output to maximize profit, resulting in a quantity level below the allocatively efficient quantity:
Qa < Qm
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what are factors affect demand for labour
Answers
The factors that effect demand for labour are:
The quantity of a produt that labor produces
A change in the production process that uses more or less labor
A change in goverment policy that effects the quantity of labor
at an output level of 18,500 units, you have calculated that the degree of operating leverage is 3.20. the operating cash flow is $48,000 in this case. ignore the effect of taxes. a. what are fixed costs? (do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. what will the operating cash flow be if output rises to 20,500 units? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. what will the operating cash flow be if output falls to 17,000 units? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
a) The fixed cost is $33,000
b) The operating cash flow be if output rises to 20,500 units is $64,603.20
c) The operating cash flow be if output falls to 17,000 units is 35,544
How to calculate the operating cash flowa. To calculate fixed costs, we need to first find the contribution margin at the output level of 18,500 units
We can use the degree of operating leverage (DOL) formula:
DOL = (Operating Cash Flow) / (Operating Cash Flow - Fixed Costs)
3.20 = ($48,000) / ($48,000 - Fixed Costs)
Now, solve for Fixed Costs:
Fixed Costs = $48,000 - ($48,000 / 3.20) = $48,000 - $15,000 = $33,000
b. To find the operating cash flow when output rises to 20,500 units, we need to first find the change in units:
Change in units = 20,500 - 18,500 = 2,000 units
Next, calculate the percentage change in output:
Percentage change = (2,000 / 18,500) * 100 = 10.81%
Now, find the change in operating cash flow using DOL:
Change in operating cash flow = DOL * Percentage change in output = 3.20 * 10.81% = 34.59%
New operating cash flow = $48,000 + (34.59% * $48,000) = $48,000 + $16,603.20 = $64,603.20
c. To find the operating cash flow when output falls to 17,000 units, follow the same steps as in (b):
Change in units = 17,000 - 18,500 = -1,500 units
Percentage change = (-1,500 / 18,500) * 100 = -8.11%
Change in operating cash flow = DOL * Percentage change in output = 3.20 * -8.11% = -25.95%
New operating cash flow = $48,000 + (-25.95% * $48,000) = $48,000 - $12,456 = $35,544
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wich situation would cause the price of a product to fall the most