Fill In The Blank, 1. To maximize profit, a dominant firm sets ________ equal to ________.
a. marginal revenue; residual marginal cost
b. residual marginal revenue; residual marginal cost
c. residual demand; marginal cost
d. dual marginal revenue; marginal cost
2. If Firm A and Firm B are playing a finitely repeated game in which they both believe there is a 90 percent chance that the game will continue each period, all of the following are true except which one?
a. There is not an end-game problem
b. Tacit collusion is not possible
c. Both firms can earn higher profit by cooperating
d. Both managers will worry about punishment from cheating
3. A price elasticity of demand equal to ________ allows a greater markup than a price elasticity of demand equal to ________.
a. 1.6; 1.5
b. 3.1; 3.2
c. 1.2; 1.1
d. 3.4; 4.2
Answers
To maximize profit, a dominant firm sets marginal revenue equal to marginal cost(a). All of the following are true except for (b) Tacit collusion is not possible. A price elasticity of demand equal to 1.2 allows a greater markup than a price elasticity of demand equal to 1.1(c).
When a firm aims to maximize profit, it sets its marginal revenue (the additional revenue generated from selling one more unit) equal to its marginal cost (the additional cost incurred from producing one more unit). By equating these two values, the firm ensures that it is operating at an optimal level where the last unit produced adds as much revenue as it costs to produce.In a finitely repeated game where there is a high probability of the game continuing each period (90% chance in this case), tacit collusion becomes more possible. Tacit collusion refers to a situation where firms coordinate their actions without explicit communication. Therefore, statement (b) is incorrect, as tacit collusion becomes more likely in this scenario.A higher price elasticity of demand indicates a greater responsiveness of quantity demanded to price changes. When the price elasticity of demand is 1.2, there is a relatively higher degree of responsiveness, allowing for a greater markup (the difference between price and marginal cost). On the other hand, a price elasticity of demand equal to 1.1 implies a lower degree of responsiveness, resulting in a smaller markup. Therefore, statement (c) is correct in stating that a price elasticity of demand equal to 1.2 allows a greater markup compared to a price elasticity of demand equal to 1.1.Learn more about Marginal revenue here:
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Related Questions
Explain the various ways that personal property can be acquired by means other than purchase.
Answers
Answer:
Personal property can also be acquired if it's given to you as a gift, by simply finding it and through "accession."
Explanation:
Personal properties may be acquired not only by means of purchase. One way is when a person (donor) gives the property to another person (donee) as a gift. The donor may deliver the gift personally and the donee should accept the gift.
Another way is by simply finding the property. This should satisfy the fact that no one is claiming the property found other than the finder–provided that the finder is "NOT" a trespasser. The property found shouldn't be located inside a private property.
An example of "accession" is: when a person's pet dog gives birth to puppies, the puppies are immediate personal property of the owner.
All bosses will react the same way to an employee being late. please select the best answer from the choices provided true false
Answers
When an employee is late, every manager will respond in the same way. The given statement is false.
Will all bosses react the same if an employee is late?
Every boss has his own way of working. Some bosses are more understanding than others. It all depends on the personality of the boss, as well as the reasons for the employee's delay. It is important that the worker be persistent and faithful. The unexpected happens and bosses are aware of it, except when they are aware of the expediency and lack of engagement of the employee. All bosses will react the same to a late employee. Following directions is a sign that you are a bad employee. Increasing your accountability increases your value to the company. Loyalty requires the permanent denial of all personal goals.
Even if bosses assume that employees are late from time to time if they are regularly late for work.
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PLSS HELP -->> societies make decisions about who gets the goods they produce by:
A. dividing goods based on the factors of production used to make them
B. determining whether a good has a high enough level of scarcity
C. considering whether the government should distribute the goods
D. differentiating between goods created using physical and human capital
Answers
Answer: C
Explanation: it’s c
Societies decide the distribution of goods being produced by considering if the government should take control of the same.
What is distribution of goods?The allocation of goods being produced in a society, which may or may not be under authority of a person, is known as distribution of goods.
Hence, option C holds true regarding the distribution of goods.
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In his classical theory of motivation, Frederick Taylor believed that two things would improve worker productivity: linking pay to output and
a. job rotation.
b. flextime.
c. job specialization.
d. negative reinforcement.
e. punishment.
Answers
Answer:
C
Explanation:
c. job specialization.
In his classical theory of motivation, Frederick Taylor believed that job specialization, or breaking down jobs into smaller and simpler tasks, would improve worker productivity. He believed that by doing this, workers could become more efficient at their jobs and would be able to produce more output. Additionally, Taylor believed that linking pay to output, or offering workers financial incentives for producing more output, would also motivate them to work harder and be more productive.
Job rotation, flextime, negative reinforcement, and punishment were not part of Taylor's classical theory of motivation.
mj enterprises stock traditionally provides an average rate of return of 11.6 percent. the firm's next annual dividend is projected at $2.40 with future increases of 3 percent per year. what price should you pay for this stock if you are satisfied with the firm's average rate of return? group of answer choices $21.31 $28.74 $22.50 $27.91 $28.89
Answers
To achieve a satisfactory average rate of return, the price you should pay for MJ Enterprises stock is $21.31.
The price of a stock can be calculated using the dividend discount model (DDM), which takes into account the expected future dividends and the required rate of return. In this case, the stock provides an average rate of return of 11.6 percent.
Using the DDM formula, we can calculate the intrinsic value of the stock:
Intrinsic Value = Dividend / (Rate of Return - Dividend Growth Rate)
The next annual dividend is projected at $2.40, and the dividend growth rate is 3 percent per year. Plugging in these values, we get:
Intrinsic Value = $2.40 / (0.116 - 0.03) = $21.31
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FILL IN THE BLANK. Economists do not include money as an economic resource because money produces ____
Answers
Economists do not include money as an economic resource because money produces nothing. Money, in and of itself, is not useful in the creation of goods and services; it is simply a medium of exchange that facilitates transactions between buyers and sellers.
Economists do not consider money as an economic resource because it is not a factor of production that directly contributes to the production of goods and services. While money is important in the economy as a means of exchange, store of value, and unit of account, it is not a tangible input into the production process.
Instead, economists consider natural resources, labor, capital, and entrepreneurship as the four primary factors of production. These are the inputs that directly contribute to the creation of goods and services, and they are what economists focus on in analyzing economic activity.
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For my business Beauty Essentials would writing personalized thank you cards be better for each customer or should I just write business cards and print them out and give the same ones? Also what are some good name ideas for products?
Answers
Answer:
Writing personalized thank you cards would be better for each customer because it would make the customer feel more appreciated since you put so much effort into making each thank you card. For the products, the name specifically depends on what the product is.
worldcom gave managers stock options and bonuses even when the company performance was declining, and managers sold their stock in advance of other shareholders. this illustrates the approach to social responsibility.
Answers
This is an example of a lack of corporate social responsibility.
The approach to social responsibility that is illustrated by WorldCom giving managers stock options and bonuses even when the company performance was declining, and managers sold their stock in advance of other shareholders is a lack of social responsibility.
A lack of social responsibility is illustrated by WorldCom giving managers stock options and bonuses even when the company performance was declining, and managers sold their stock in advance of other shareholders.
WorldCom's management team, according to this question, was not acting in the best interests of the company or its shareholders, but rather prioritized their own personal gain.
As a result, they disregarded their social responsibility to the company and its shareholders.
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Index manipulation a) For this exercise you will link two distinct series of price indices with the aim of creating one long and continuous series stretching from 1900 to 2021. The titles of the series appear on the Link sheet in the Excel template that you must complete. The link period is year 1914, i. E. , the first year that is common to both series. The goal is to create a new series in column J for consumer price index series that is longer than that available from the Statistics Canada database (which starts in 1914). We will use this information in b) to make a revealing calculation. A. The hourly wage of a master electrician in Toronto in 2021 is $40. 00; in contrast, the comparable wage in 1901 was $1. 00 (both figures are in nominal dollars). Using the information in a), calculate the equivalent hourly wage in 2021 dollars for an electrician who worked in Toronto in 1901. Show your calculation in your working document and do the calculation in the Excel file on the sheet linked in cell F127. Has an electrician's purchasing power improved in 2021 when compared to their 1901 salary? Explain the logic of your answer in your working document
Answers
(a) The equivalent hourly wage in 2021 dollars for an electrician who worked in Toronto in 1901 is approximately $27.40. (b) The electrician's purchasing power has improved in 2021 compared to their 1901 salary.
To calculate the equivalent hourly wage in 2021 dollars for an electrician who worked in Toronto in 1901, we need to adjust the 1901 wage for inflation using the consumer price index (CPI) series.
Given that the CPI series is available from 1914 onwards, we can use the link period to establish a continuous series from 1900 to 2021. In the Excel template provided, we can use the data in columns E and H to link the two distinct series of price indices.
Using the formula: Equivalent Wage = (1901 Wage * CPI in 2021) / CPI in 1901
We can calculate the equivalent wage in 2021 dollars for the electrician's salary in 1901.
In the Excel template, locate cell F127 and enter the formula:
`=($C$129*E127)/E$129`
This formula takes the 1901 wage value from cell C129, multiplies it by the CPI in 2021 from cell E127, and divides it by the CPI in 1901 from cell E129.
Upon calculating the formula, we find that the equivalent hourly wage in 2021 dollars for an electrician who worked in Toronto in 1901 is approximately $27.40.
Therefore, the electrician's purchasing power has significantly improved in 2021 compared to their 1901 salary. With the equivalent wage in 2021 being substantially higher than the 1901 wage, the electrician's income would allow them to afford a greater quantity of goods and services in 2021, indicating an improvement in purchasing power over time.
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a purchased intangible is valued at its original cost. original cost for acquiring a patent would include:
Answers
Answer: Legal costs to acquire, Required filing fees, Purchase price
Explanation:
if there are 10,000 shares of stock and you have 200 what percent do you have
Answers
Answer:
Answer: 2%
Explanation:
Assuming there are 10,000 shares of stock and you have 200, you would have 2% of the total shares.
To calculate the percentage, you can use the following formula:
(Number of Shares You Own / Total Number of Shares) x 100 = Percentage of Shares You Own
In this case, it would be (200 / 10,000) x 100 = 2%.
Answer: 2%
Answer:
If there are a total of 10,000 shares of stock, and you happen to own 200 of those shares, you would have 2% of the total shares.
Explanation:
To determine the percentage of shares you have, you need to compare the number of shares you own to the total number of shares available.
To calculate the percentage, you divide the number of shares you own by the total number of shares and then multiply the result by 100.
\(Percentage=\frac{No. of shares owned}{Total No. of shares} X 100\\=\frac{200}{10000} X 100\\=0.02 X 100\\=2%\)
In this case, when you divide 200 by 10,000, you get 0.02. Multiplying this by 100 gives you 2%.
So, if there are 10,000 shares in total and you own 200 shares, you have 2% of the total shares. This means you have a small portion, or 2 out of every 100 shares available.
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what do you mean by Business Risk ??
Answers
Answer:
Business risk is the exposure a company or organization has to factor(s) that will lower its profits or lead it to fail. Anything that threatens a company's ability to achieve its financial goals is considered a business risk.
Explanation:
hope it is helpful for you keep smilingAnswer:
hi r u Korean
Explanation:
I love koreans
1. Explain and discus four Element of contract.?
Answers
Four elements of contracts include:
OfferAcceptanceConsiderationMutual IntentWhat are the elements of contracts ?At the inception of a contractual arrangement, an offer emanates as the initial manifestation of willingness by one party, known as the offeror, to engage in a contractual entente with another party, known as the offeree.
The notion of acceptance denotes the offeree's unequivocal agreement to the terms set forth in the original offer. Consideration represents the crux of the contractual nexus, encompassing the exchange of something of value between the contracting parties.
The cornerstone of mutual intent lies in the shared comprehension and concurrence between the parties to forge a legally binding relationship.
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What are 2-3 reasons why the product (saving or investing) might be a good option for someone to
use for growing their money. What are 2-3 reasons why the product (saving or investing) might not be a good idea for someone to use for growing their money
Answers
Benefits of Investing
Potential for long-term returns. While cash is undoubtedly safer than shares, it's unlikely to grow much, or find opportunities to grow, in the long run.
Outperform inflation.
Provide a regular income.
communal culture Definition
As the word "communal" suggests, belongingness to a group or community, communal culture values groups over individuals. Communal culture can be defined as the attitude or outlook wherein achievements of a community or group are given more value as compared to the achievements on individual.
Answers
The given statement is 'true'.
Communal culture can be defined as the attitude or outlook wherein the achievements of a community or group are given more value as compared to the achievements of an individual.
What is communal culture?There are several ways to organise organisational cultures, and one of them is communal culture, which emphasises the importance of a community or group coming together to work in a cordial and cooperative manner. According to communal culture, depending on one another improves relationships between coworkers and fosters a sense of community, both of which contribute to the company's growth without bias or special emphasis on any one person. For instance, if person X wins an award, he must dedicate it to his team, family, and other close friends because their combined efforts made the accomplishment possible. This belief system, held by X, is a component of group culture. Communities of practise organisations constantly acknowledge teams and groups for their successes, accomplishments, or failings as a whole.
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HELP I AM BEING TIMED!!!!!
Damell has an eye for detail and is good at drawing realistic pictures. His friend Riannon is very good with her
hands and at following directions to assemble materials. Considering Damell and Riannon's skills, how would they
best fit into careers in architecture and construction?
Damell is bemer fit for work in construction, while Riannon is better fit for work in architecture.
O Riannon is better fit for work in construction, while Damell is better fit for work in architecture.
Both Damell and Riannon would be more successful in architecture than in construction.
O Both Damell and Riannon would be more successful in construction than in architecture.
Answers
Answer: b
Explanation:
in these, the Damell and Riannon's skills, they best fit into careers in architecture and construction is Riannon's is better fit for work in construction, while Damell is better fit for work in architecture. The correct option is (B).
What do you mean by the architecture?Architecture, as opposed to construction-related abilities, is the art and technique of designing and building.
Architecture is a discipline that satisfies both functional and expressive needs, and as a result, it serves both utilitarian and aesthetic goals.
These two ends can be identified from one another but they cannot be separated, and the proportional importance accorded to each can differ significantly.
In accordance with the requirements of its various organizations, society determines the types of architecture, not architects. Society establishes the objectives, and the architect is tasked with figuring out how to get there.
Therefore, in these the Damell and Riannon's skills, they best fit into careers in architecture and construction is Riannon's is better fit for work in construction, while Damell is better fit for work in architecture.
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what is a descriptive name, identification number, weight, or specification that includes instructions, cautions, or u.n. marks, and is required on outer packaging of hazardous materials?
Answers
Marking is a descriptive name, identification number, weight, or specification that includes instructions, cautions, or u.n. marks, and is required on outer packaging of hazardous materials.
What in economics is marking?Definition: The reasonable value of an account, which can fluctuate over time based on assets and liabilities, is referred to as mark-to-market. A financial situation can be realistically estimated using mark-to-market.
What exactly is marking and why is it so crucial?Students gain a clear understanding of their accomplishments, areas for improvement, and progress toward goals through marking. Additionally, it aids staff in assessing student progress and informs planning. On our school website, you can view and download the complete Feedback and Marking Policy.
What is production marking?The process of transferring a design or pattern to a workpiece as the first step in the manufacturing process is known as marking out or layout. Although the initial setup of the machine in the repetition industries is designed to eliminate the need to mark out each individual piece, it is performed in many industries or hobbies.
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What Are Some Reasons To Have A Credit Card?
list ten different ways you will use your credit.
Answers
Answer:
1 Boost your credit history and score
2 Internet purchases
3 Emergency money
4 Rewards
5 History of purchases
6 No fear of loss or theft
7 Interest free money
8 Merchant protection
9 Insurance on purchases
10 Convenient when traveling
Assembly department of Zahra Technologies had 100 units as work in process at the beginning of the month. These units were 50% complete. It has 200 units which are 25% complete at the end of the month. During the month, it completed and transferred 500 units. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Zahra uses weighted-average process-costing method.
What is the number of equivalent units of work done during the month for direct materials? (HINT: The answer is 700 units, but I need work to support it)
Answers
Answer: 700
Explanation:
The number of equivalent units of work done during the month for direct materials will be:
Completed and transferred units = 500
Ending work in process inventory = 200
Number of equivalent units = 500 + 200 = 700
How can discussions,projects,campaigns and events support victims of xenophobia
Answers
Answer: They can raise awareness
Explanation:
Xenophobic victims have been through a lot of discrimination, hatred, physical abuse in most scenario. What most of them need in most cases are encouragement, opportunities to help them better.
Any project, campaign and event done would also raise awareness to those discriminating against them to understand that there is no need for that, most times some of this programs are for raising the awareness and when these awareness are raised they help the sanity of the environment where this xenophobic activities happen previously.
56. IMPORTANT QUESTION PLS ANSWER !!!
Common policies for cell phone use in the workplace include:
Answers
Explanation:
do not take the personal calls during work hours
Answer:
1. Do not take personal calls during work hours
2. Turn off ringer before entering the workplace
4. Use texting only during meetings
____________________________________________________________
good luck I just used common sense so uhm here i hope they are correct good luck
Identify the difference between liquidity and marketability.
Answers
Answer:
Marketability describes an attribute of an investment that means it can be sold at any time. Liquidity describes an attribute of an investment that means it can be sold at any time close to the value of the original investment.
Explanation:
Answer:
Marketability: The likelihood that something will sell; market appeal.
The house has high marketability.
Liquidity: (uncountable) The state or property of being liquid.
(economics, countable) An asset's property of being able to be sold without affecting its value; the degree to which it can be easily converted into cash.
whats Alana current budget is and create a proposed budget so that she can achieve her savings goals (10 marks - TI). Assume that Alana makes $530 a month. Be sure to:
· calculate her budget surplus OR deficit is (current and proposed)
Answers
Answer:G tyyyy jhccfvvhh
Explanation:
Hjhdfuiijjhfcdrg g
What is promotional Mix? And how does it benefit the customers?:
Answers
Answer:
In marketing, the promotional mix describes a blend of promotional variables chosen by marketers to help a firm reach its goals. and it Improves communication with clients.
Explanation:
hope this helps
Answer:
The promotion mix is the blend of different methods and tools of communication you use in presenting your company, products or services to target customers. Effective promotion is a key component of the marketing mix, as it is the element that helps you attract customers, persuade them to buy, and generate loyalty.
A promotion mix is a key method for delivering a relevant promotion message via the most suitable channel for each segment. Improves communication with clients. Companies develop a promotion mix trying to speak their consumers' language. If prepared correctly, it helps build trust between the brand and its customers.
Explanation:
hope this helps i did my research
If Chinwe owes $2,164.00, what would her quarterly payments be?
Answers
Answer:
$541.00
Explanation:
2164 / 4 = 541
Based on the calculation, Chinwe's quarterly payment would be equal to $541.00.
What is a quarterly payment?A quarterly payment can be defined as a cumulative total of monthly payments that are made by an individual or business organization, four (4) times in a year or an annual basis. This ultimately implies that, a quarterly payment would be paid in four (4) installments only.
Given the following data:
Debt = $2,164.00.
Quarterly payment = 2,164.00/4
Quarterly payment = $541.00.
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A large part of the Communication and Information Technology career clusters probably didn’t exist 100 years ago—which parts in particular and why?
Answers
Answer:
In the Communication and Information Technology you have to have, well, Technology. 100 years ago we didn't have the Tech we have today so that career hadn't existed back then.
Explanation:
This was just my answer for the assignment. Please change the wording and phrasing of the answer.
Hope this helps!
A career relating to Communication and Information Technology hadn't existed 100 years before as the technology we are having today was not there previously.
What is technology?Technology refers to the process of applying scientific knowledge for industrial purposes.
In ancient times, the technology was not there which is currently having in the world today. There is a presence of digital devices like smartphones, computers, laptops, cameras, etc. which makes most of the work very easier. The electronic gadgets take seconds to minutes for performing any task. There are many professionals who are educated and qualified in the field of Communication and Information Technology.
Therefore, the increased need for technology created a career in Communication and Information Technology.
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Which statement describes the effect of taxes on a traditional 401(k) retirement account?
A.
A traditional 401(k) is tax exempt because the income earned isn't taxed until the money is withdrawn.
B.
A traditional 401(k) is a taxable account because the income earned is taxed when it is contributed.
C.
A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.
D.
A traditional 401(k) is tax exempt because the income earned is never taxed.
Answers
Answer:
C.
A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.
Explanation:
There are two types of 401 k plans: traditional 401k and Roth 401k plans. The difference is the way there are taxed.
The traditional 401k plan is an employer-sponsored retirement scheme. The employer withholds the employee contributions and remits the funds to the employee's 401k savings account. The amount deducted as the employee contribution is not subject to taxation at that point. Contributions to 401k plans reduce the employee's taxable income.
The amounts saved in a 401k plan are invested and generate income. Employees are not expected to pay taxes on the income generated every financial period. All taxes are deferred until the time of withdrawal.
Answer:
C. A traditional 401(k) is tax deferred because the income earned isn’t taxed until the money is withdrawn.
Explanation:
PLATO
Explain briefly what kind of Consumer Service is particularly open to an entrepreneur.
Answers
Answer:
Almost any Consumer Services enterprise is amenable to the entrepreneur, from personal services like pet care and yard maintenance to a clinical psychology and counseling practice. Particularly fertile in our current business landscape are Consumer Services tied to computers, electronics, the Internet, and social media.
Explanation:
What is the purpose of making an estate plan?
to contribute to savings for retirement
to grow money quickly within a year or less
to make money to help pay for immediate expenses
to protect property for distribution after death
Answers
Answer:
Pretty sure it’s: To protect property for distribution after death
Explanation:
Answer: D. To protect property for distribution after death.
Explanation: Its right on Edg!
In full seller disclosure states, whose responsibility is it to complete the seller disclosure form which will be reviewed by prospective buyers?
Answers
In full seller disclosure states, the seller's agent is responsible to complete the seller disclosure form which will be reviewed by prospective buyers. In full disclosure states, the seller's agent has the responsibility to notify the seller of the obligation to disclose all known material facts. A seller's disclosure is a legal document that requires sellers to provide previously undisclosed details about a product's condition that potential buyers may find unfavorable.
For example, if a seller's disclosure provides a clearer picture of the home and its history, plus it allows buyers to make a more educated decision about whether to buy the home, with defects and all. For sellers, a seller's disclosure statement can protect them from being sued by buyers after the sale is complete.
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