In the short run, if marginal cost is greater than average total cost, the average total cost must be increasing as production increases. The correct answer is option 2.
This is because the average total cost (ATC) is the sum of average variable cost (AVC) and average fixed cost (AFC). The relationship between ATC, AVC, AFC, and marginal cost (MC) can be expressed as follows: ATC = AFC + AVCMC = ΔTC / ΔQ, where TC is total cost and Q is quantity produced. In the short run, if MC is greater than ATC, it means that the cost of producing an additional unit is higher than the average cost of all units produced. This suggests that the cost per unit is increasing as production increases, which can be caused by diminishing marginal returns. Thus, the correct answer is option 2: the average total cost is increasing.
Option 1, the marginal cost is decreasing, is incorrect because it would imply that MC is below ATC, which contradicts the premise of the question. Option 3, the marginal cost is less than average variable cost, is also incorrect because it does not reflect the relationship between MC and ATC. Option 4, the average total cost is decreasing, is incorrect because it contradicts the premise of the question. Finally, option 5, the average fixed cost is increasing, is also incorrect because it is not related to the relationship between MC and ATC.
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PLEASE HELP!!!!!!
TRUE/FALSE: Having product knowledge will make you more confident when assisting customers.
True
False
Answer:
true
Explanation:
True because this is what makes the customer's experience better with the staff
John is ready to pay $5 for an extra loaf of bread. Because of an ongoing discount in the grocery store, he gets a loaf for $2. After the discount, John's consumer surplus from the purchase is ________.
Answer:
aakky6j5 and 33 are the four stages of technological development and the fact that you even have a twin cause your recent
The COUNTA function returns the number of cells in a range containing which features?
Answer:
any type of information, including error values and empty text
How can oligopoly fur when there are network affects and market feedback?
A. Firms will engage in limit pricing.
B. Firms will successfully drive out their competitors when they pick a market leader and match any price changes made by the leader.
C. Firms will invest in excess productive capacity to signal other firms that they can outlast their competitors in a price war.
D. A few firms may be able to capture most of the growth in demand that is caused by positive market feedback.
D. In Oligopoly A few firms may be able to capture most of the growth in demand that is caused by positive market feedback.
Oligopoly can still occur in markets with network effects and market feedback, but the behavior of the firms involved may be influenced by these factors. In an oligopoly, a small number of firms dominate the market and have the ability to control prices and output. In markets with network effects, the value of a product or service increases as more people use it. For example, social networking sites like Facebok become more valuable as more people join and use the platform.
In markets with network effects, the behavior of firms may be influenced by the presence of other firms in the market. For example, a new entrant into a market with strong network effects may have difficulty gaining traction, even if it has a superior product, because users are already entrenched in the existing network. Market feedback, such as customer reviews and ratings, can also influence the behavior of firms in an oligopoly. Firms that receive negative feedback may have to adjust their products or services in order to remain competitive.
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1. What are credit cards? Why do people use them?
2. What is interest? How does interest affect credit card purchases?
3. What are the benefits of using a credit card? What are the drawbacks of using a credit card?
4. In the case files section, four people pay a different price for the same digital music player? Why do the prices they paid differ? Explain the factors that affected each person’s ultimate cost for the music play.
5. Which of the individuals made the best use of their credit card? Which made the worst? Why?
6. What should you look for when choosing a credit card?
7. What is a “grace period”? How can it help you manage a credit card wisely?
8. What are three strategies that you can use to use credit cards wisely?
Credit card is used to borrow cash when needed on some interest rate.
What are credit cards? Why do people use them?Credit cards are the type of cards that allow you to earn cash or other rewards for those things you buy daily. People use them because of the rewards as well as due to valuable budgeting tools.
What is interest? How does interest affect credit card purchases?Interest is the price you pay to borrow money from a person or bank. Interest affects credit card purchases because low interest rate is good for the people so people purchase it more.
What are the benefits and drawbacks of using a credit card?The benefits of credit card is that they're a great way to build credit. It is more secure than cash. It gives rewards Points while on the other hand, the drawbacks of credit card is high cost of borrowing and too many Credit Cards can damage your credit.
So we can conclude that credit card is used to borrow cash when needed on some interest rate.
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Which pair of phrases best completes the diagram? Economics
To complete the diagram regarding cost and profit optimization in relation to the hours worked by two different people in a clothing design company, the following pair of phrases could best describe the content: 1. Marginal Cost and Marginal Revenue 2. Opportunity Cost and Comparative Advantage.
1. Marginal Cost and Marginal Revenue: The concept of marginal cost and marginal revenue can be used to optimize the number of hours worked by each employee. Marginal cost is the cost of producing one additional unit of a product, while marginal revenue is the revenue earned from selling one additional unit of a product. By analyzing the marginal cost and marginal revenue for each employee, the company can determine the optimal number of hours for each person to work to maximize profits.
2. Opportunity Cost and Comparative Advantage: The concepts of opportunity cost and comparative advantage can also be used to optimize the number of hours worked by each employee. Opportunity cost refers to the cost of an alternative that must be forgone in order to pursue a certain action, while comparative advantage is the ability of an individual or group to carry out a particular economic activity more efficiently than another activity. By analyzing the opportunity cost and comparative advantage for each employee, the company can determine the optimal division of labor between the two employees to maximize profits.
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Assume that the manager of a local discount store hires you as a consultant to assess the store's available space. What suggestions would you
make In order to use the space most productively?
The suggestions I would make In order to use the space most productively as a consultant is to advice them not to be storing any fault item from the factory in their store but return them immediately, and also to make sure then go for products that can seel fast in the market.
What is productivity?Productivity serves as the effectiveness of productive effort, which is been put in by the firm and it can be measured in terms of the rate of output per unit of input.
If the store can make use of the advice, then the space will be enough to run their business effectively.
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assume manfred's shoe shine parlor hires labor, its only variable input, under purely competitive conditions. shoe shines are also sold competitively. units of labor total product marginal product total revenue 0 0 1 14 14 $ 112 2 10 3 30 240 4 35 5 39 312 6 336 7 44 2 352 how many units of output are produced when 6 workers are employed?
When six workers are employed, Manfred's Shoe Shine Parlor produces 54 units of output.
To determine the number of units of output produced when six workers are employed, we need to look at the given data and find the corresponding value for the total product (TP) at that level of labor.
From the provided data, the relationship between the units of labor and the total product is as follows:
Units of Labor Total Product
0 0
1 14
2 30
3 39
4 44
5 49
6 54
Since we're interested in the output when six workers are employed, we find that the total product at that level is 54 units. Therefore, when six workers are employed, Manfred's Shoe Shine Parlor produces 54 units of output.
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On October 31, the stockholders’ equity section of Sunland Company’s balance sheet consists of common stock $696,000 and retained earnings $397,000. Sunland is considering the following two courses of action: (1) Declaring a 5% stock dividend on the 87,000 $8 par value shares outstanding (2) Effecting a 2-for-1 stock split that will reduce par value to $4 per share. The current market price is $15 per share. Prepare a tabular summary of the effects of the alternative actions on the company’s stockholders’ equity and outstanding shares.
Answer: Please find answers in the explanation column
Explanation:
Summary of the effects of the alternative actions on the company’s stockholders’ equity and outstanding shares.
Before action After stock dividend After stock split
Stockholder's equity
Paid in capital $696000 696000+ $65,250 $696,000
=$761,250
Retained earnings $397000 397000-($65,250) $397,000
=$331,750
Total Stockholder's
equity $1,093,000 $1,093,000 $1,093,000
Outstanding shares $87,000 87000 + 4,350 87000 x 2 =
=$91, 350 $174,000
Calculations:
stock dividend = Number of outstanding shares x percentage of dividend
= 87,000 x 5% =4,350
Amount to purchase 4,350 shares= number of shares x market value per share = 4,350 x 15= n$65,250
Number of shares after stock split of 2-for -1 = 87,000 x 2 = 174,000
Net income is $50,000. Average assets are $1,000,000. Average owners' equity is $800,000. Solve for return on assets. Answer: I
The return on assets (ROA) can be calculated using the formula: ROA = Net Income / Average Total Assets. With a net income of $50,000 and average assets of $1,000,000, we can solve for the return on assets.
Return on assets (ROA) is a financial ratio that measures a company's profitability in relation to its total assets. It indicates how effectively a company generates profits from its investments in assets. To calculate ROA, we divide the net income by the average total assets.
In this case, with a net income of $50,000 and average assets of $1,000,000, the calculation would be: ROA = $50,000 / $1,000,000 = 0.05 or 5%. Therefore, the return on assets for this company is 5%. This means that for every dollar of assets, the company generates 5 cents of net income.
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yall anyone give me a mission statement to use please !!!!!
Answer:
need to know what its about?
Explanation:
What factors have contributed to the instability?
Do you believe that Ukraine could once be a regional economic powerhouse in Eastern Europe?
How would Europe's economy look like if nothing is done in Ukraine?
Instability in Ukraine has been the result of various factors. Firstly, corruption has been rampant in the country, leading to the accumulation of wealth in the hands of a few individuals. The subsequent divide in wealth has resulted in an unequal distribution of resources. Secondly, the country has also been divided politically, with the east being pro-Russian and the west being pro-EU. Additionally, instability in Ukraine could lead to a destabilization of the wider region, which could also negatively affect Europe's economy.
The political instability has been fueled by geopolitical tensions between Russia and the west. Additionally, the country has been fighting against separatist movements in the east, which has added to the instability in the country.Regarding Ukraine's potential to be a regional economic powerhouse in Eastern Europe, the country has a vast potential in terms of natural resources and its strategic location. However, for Ukraine to be an economic powerhouse, it must address corruption, political instability, and the conflict in the east. The country needs to focus on infrastructure development, economic diversification, and education reforms to create a favorable environment for foreign investment and growth. If nothing is done in Ukraine, Europe's economy could suffer a great deal. Ukraine is an essential transit route for the transportation of natural gas from Russia to Europe. Any disruption in the supply chain could lead to a significant economic impact.
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Match each type of tax with an example of its use.
category 1:
Property Tax
Capitol gains tax
Personal income tax
category 2:
□ 1% charged on the value of a home.
□ 20% charged on wages earned.
□ 2% charged on profits from selling a house.
Answer:
Hmm What do you. mean?
Explanation:
Many workplace safety rules are created by which government agency?
A.
USDA
B.
FTC
C.
FDA
D.
OSHA
Answer:
OSHA
Explanation:
FDA is food and drug
USDA is the US department of agriculture
FTC is federal trade commision
OSHA is a government organization that develops workplace safety regulations. Thus, the appropriate choice is (D).
What is the role of a Government Agency?A government agency, occasionally an appointed commission, is a permanent or semi-permanent institution within the legislative, executive, and judicial branches of government that is tasked with supervising and managing a variety of tasks, including administration.
Agency kinds come in a wide range. A government agency is often distinct from a department, ministry, and other sorts of public bodies established by the government, notwithstanding terminology differences. Since different sorts of organizations (such commissions) are typically established in an advising capacity,
The boundary between executive and advisory tasks of an agency is sometimes blurred in reality, yet it is not permitted.
Within a federal system, an agency of the government may be founded by either the federal government or a state government.
Hence the correct option is (D).
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What is a good practice before taking out a student loan?
A. Calculate the simple interest on the principal of the loan.
OB. Calculate the annual balloon payment to make sure you will be
able to afford it.
C. Calculate the total amount of compounded interest to see if you
are getting a good deal.
O D. Calculate the monthly payment to make sure you will be able to
afford it.
A typical good practice before taking out a student loan are:
calculate the annual balloon payment to make sure you will be able to afford it.calculate the monthly payment to make sure you will be able to afford it.What is a student loan?This is a kind of financial aid in form of money borrowed from the government or a private lender in order to pay for college.
The loan given to the student is expected to be paid back later with the interest that builds up over time and such money gotten are usually used for tuition, room and board, books or other fees.
Hence, the typical good practice before taking out a student loan are calculate the annual balloon payment to make sure you will be able to afford it and the monthly payment to make sure you will be able to afford it.
Therefore, the Option B & D is correct.
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Answer: Calculate the monthly payment to make sure you will be able to afford it
When sending a group email, how do you ensure that one or several recipients cannot see the names of other recipients? select only one.
The option that is used is Blind Carbon Copy (BCC).
When sending an email message to a big group of individuals, it is advisable to use the Blind Carbon Copy (BCC) option for security and privacy reasons. Whenever user put email addresses in the BCC area of a message, the addresses are hidden from the recipients.
In contrast, any email addresses you include in the To or CC fields are accessible to everyone who gets the message.
If a person's email address is included in the BCC field, they would receive a copy of the email in their inbox as if they were CC'd.
The difference is that their email address would not be visible to the other persons in the email chain, and as a result, they will not receive further Reply or Reply All messages from others in the thread. It's worth noting that BCC receivers can't see each other either. Consider it a stealth mode CC.
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Which situation describes an oligopoly market structure? A. One company builds and sells all of the cars available in a developing country. B. Many different vendors sell the same few T-shirt designs to fans at a concert. C. Solar panels are only available from two companies operating in a country. D. A government gives one company full control over water treatment in a city.
Answer:
Answer C
Explanation:
Answer:C)
Explanation:just got it right<3
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
Michael keeps hearing a lot about stocks, bonds, and other types of investments, but he has no idea where to begin when it comes to investing. He is looking for an expert help him take his money and make investment purchases for him. Which type of business will best fit Michael’s interests?
brokerage firm
web-only financial institution
stock-held savings institution
Answer:
stock-held savings institution
Explanation:
Answer:
Explanation:
brokerage firm
Urban sprawl is related to O a. Central city decline O b. Improved transportation OC. Edge city decline O d. Both 'a' and 'b' Oe. All of the above ('a', 'b', and 'c')
Answer:
The correct option is D. Both A and
Explanation:
Urban sprawl refers to the unrestricted expansion of urban areas into surrounding rural or undeveloped land. It is associated with several negative consequences, including central city decline and improved transportation.
a. Central city decline: As urban sprawl occurs, people and businesses often move away from the central city to the outskirts or suburbs. This movement can lead to a decline in the economic vitality and population density of the central city, as resources and investments are diverted to the expanding suburban areas.
b. Improved transportation: Urban sprawl is often facilitated by improved transportation infrastructure, such as highways and commuter rail systems. These transportation networks make it easier for people to commute from suburban areas to the central city, leading to increased suburbanization and the spread of urban development into previously undeveloped areas.
c. Edge city decline: This option is not correct. Edge cities refer to large suburban employment and commercial centers located on the outskirts of a metropolitan area. While urban sprawl may contribute to the creation of edge cities, it does not necessarily lead to their decline.
In summary, urban sprawl is related to both central city decline and improved transportation, as people and businesses move to the suburbs and transportation infrastructure supports the expansion of urban areas.
Urban sprawl refers to the unrestricted expansion of urban areas into surrounding rural or undeveloped land. It is associated with several negative consequences, including central city decline and improved transportation.
a. Central city decline: As urban sprawl occurs, people and businesses often move away from the central city to the outskirts or suburbs. This movement can lead to a decline in the economic vitality and population density of the central city, as resources and investments are diverted to the expanding suburban areas.
b. Improved transportation: Urban sprawl is often facilitated by improved transportation infrastructure, such as highways and commuter rail systems. These transportation networks make it easier for people to commute from suburban areas to the central city, leading to increased suburbanization and the spread of urban development into previously undeveloped areas.
c. Edge city decline: This option is not correct. Edge cities refer to large suburban employment and commercial centers located on the outskirts of a metropolitan area. While urban sprawl may contribute to the creation of edge cities, it does not necessarily lead to their decline.
In summary, urban sprawl is related to both central city decline and improved transportation, as people and businesses move to the suburbs and transportation infrastructure supports the expansion of urban areas.
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Which view is used to enter data into an Access table by default?
Datasheet
Grid
Design
Layout
The answer is Datasheet.
What is the datasheet view?A web datasheet view in an Access app displays online data arranged in rows and columns in a web browser. It can allow data edits or not, as you prefer. When you create a web datasheet view in Access, it opens in Design View, where you can set the record source.
Which view is used to display the data of the table?In relational databases, data is structured using various database objects like tables, stored procedures, views, clusters, etc. This article aims to walk you through 'SQL VIEW' – one of the widely-used database objects in SQL Server.
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What does the concept of scarcity explain?choose three answers
The concept of scarcity explains:
why consumers are willing to pay high prices for items.why decisions must be made on how to use resourceswhy a single resource has more value than another resource.Scarcity as an economic idea "refers back to the basic reality of lifestyles that there exists most effective a finite quantity of human and nonhuman resources which the first-rate technical expertise is capable of the usage of to provide most effective restricted most amounts of each economic appropriate. shortage in economics refers to whilst the call for for a resource is greater than the deliver of that aid, as assets are limited. shortage consequences in purchasers having to make selections on how high-quality to allocate assets a good way to satisfy all simple needs and as many desires as feasible. shortage refers back to the confined availability of a useful resource in contrast to the infinite desires. shortage may be with appreciate to any natural assets or with admire to any scarce commodity. scarcity can also be called paucity of sources.
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Answer:
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why a single resource has more value than another resource.
Explanation:
why a product could lose significant value over time.
why people continue to purchase different products.
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why resources can be both renewable and nonrenewable.
why a single resource has more value than another resource.
(i took the test)
Eve's apples opened its business on january 1, 2018, and paid for two insurance policies effective that date. The liability policy was $34,200 for 18 months, and the crop damage policy was $14,700 for a two-year term. What is the balance in eve's prepaid insurance as of december 31, 2018
Answer:
Balance in Prepaid insurance as of December 31 is $18,750
Explanation:
Computation of Prepaid Insurance
Insurance 1 ($34,200 * 6/18) $11,400
Insurance 2 ($14,700 * 12/24) $7,350
Total Prepaid Insurance $18,750
How do you determine fixed and flexible expenses ??? Pls helppp
Answer:
Fixed expenses generally cost the same amount each month (such as rent, mortgage payments, or car payments), while variable expenses change from month to month (dining out, medical expenses, groceries, or anything you buy from a store
FILL THE BLANK.
"BuildRite hardware sells 20 different types of drills. They had
demand for 18 of the drills and satisfied 80 percent of the
demand.
What was their fill rate for drills? ANSWER _______"
BuildRite hardware sells 20 different types of drills. They had demand for 18 of the drills and satisfied 80 percent of the demand. The fill rate for drills is 77.8%.
Given that BuildRite hardware sells 20 different types of drills. They had demand for 18 of the drills and satisfied 80% of the demand.
To find the fill rate, we use the formula:
Fill rate = Units shipped ÷ Units ordered× 100%
We know that the number of drills ordered is 18 and BuildRite hardware sells 20 different types of drills.
Number of drills ordered = 18
Total types of drills = 20
Therefore, number of drills shipped = 80% of 18
= 80/100 × 18
= 14.4
≈14
Fill rate = Number of drills shipped ÷ Number of drills ordered× 100%
Fill rate = 14 ÷ 18 × 100%
Fill rate = 77.8%
Therefore, the fill rate for drills is 77.8%.
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Ghost Rider Corporation has bonds on the market with 8 years to maturity, a YTM of 5 percent, and a current price of $945. What must the coupon rate be on the company s bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
The coupon rate on the company bonds is 4.2%. if Corporation has bonds on the market with 8 years to maturity, a YTM of 5%, and a current price of $945.
The given data is as follows:
Maturity years = 8 years
YTM percent = 5%
current price = $945
Face value = $1000 (assumption)
To determine the current bond price and financial calculator and excel formula is used.
YTM percentage = Coupon payment / current price
5% = Coupon payment / $945
coupon payment = $945 * 5% = $47.25
Coupon rate = Coupon payment / Face Value
Coupon rate = $47.25/ $1000
Coupon rate = 4.2%
Therefore we can conclude that the coupon rate on the company bonds is 4.2%.
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Costco buys a Euro put option (contract size: 125,000€) at a premium of $0.13/€. The exercise price is $1.18/€: If the spot at expiration is $1.08/€, what is the Costco's profit? $3,750 loss O $16,250 loss O $12,500 loss $28,750 loss
The profit or loss for Costco can be calculated using the following formula:
Profit/Loss = (Exercise price - Spot price) x Contract size - Premium
Substituting the given values, we get:
Profit/Loss = ($1.18/€ - $1.08/€) x 125,000€ - $0.13/€ x 125,000€
Profit/Loss = ($0.10/€) x 125,000€ - $16,250
Profit/Loss = €12,500 - $16,250
Profit/Loss = $3,750 loss
Therefore, the answer is: $3,750 loss.
To calculate Costco's profit from the Euro put option, we need to consider the contract size, premium paid, exercise price, and the spot price at expiration. Here's the breakdown:
1. Contract size: 125,000€
2. Premium paid: $0.13/€
3. Exercise price: $1.18/€
4. Spot price at expiration: $1.08/€
First, let's calculate the total premium paid by Costco:
Premium paid = Contract size * Premium per Euro = 125,000€ * $0.13/€ = $16,250
Now, we can calculate the profit from exercising the put option:
Profit from exercise = Contract size * (Exercise price - Spot price) = 125,000€ * ($1.18/€ - $1.08/€) = 125,000€ * $0.10/€ = $12,500
Finally, we can determine Costco's overall profit or loss:
Overall profit/loss = Profit from exercise - Premium paid = $12,500 - $16,250 = -$3,750
So, Costco's profit in this scenario is a $3,750 loss.
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Pedro is a very talented young man who lives in a small, remote town in the mountains. He gets good grades, plays in the band, and is active in the drama club. He is close to his large family and wants a career that will allow him to maintain his current life style. What career option should Pedro consider? A. Teacher B. Musician C. Actor D. TV personality
Answer:
A. Teacher
Explanation:
If Pedro chooses to become an actor, a musician, or a TV personality, and was successful, he wouldn't be able to maintain his current life style. In order to try to be successful, he would have to move to a large city by his own. Musicians, actors and TV personalities earn money depending on their popularity, and remote towns in the mountains are not very densely populated.
In the past few years, the internet has helped some people to become influencers or has helped musicians to become famous and earn money, but most of them eventually had to do things in the real world, not only the internet in order to remain popular.
highlight characteristics of itinerant traders
What characteristic is somewhat shared by perfect competition and
monopolistic competition?
Few sellers
O Unique products
Government controls
O
Ease of entering
Answer:
Ease of entering
Explanation:
The main difference between perfect competition and monopolistic competition is that firms sell a similar product in perfect competition. In monopolistic competition, firms sell differentiated products.
In both market structures, their many seller and buyers. There is the ease of entry and exit for suppliers. In both markets, there are no dominant suppliers.
1. Give one example of professional behavior in a salon and how a cosmetologist could
demonstrate it."
Answer:
Appropriate language, a cosmetologist can demonstrate this by always speaking in a tone and at a volume that is appropriate for the setting, and never using foul language no matter what.