The dead weight loss if the demand is p = 60 - 4Q and the supply is P=2Q would be 50.
For finding the deadweight loss we first need to find the equilibrium price and quantity. The equilibrium price and quantity can be calculated as follows:
Equating the given demand and supply functions:
60 - 4Q = 2Q
60 = 6Q
Q = 10
Substituting the value of Q in either the demand or supply function to find P:
p = 60 - 4Q
p = 60 - 4(10)
p = 20
The equilibrium price is 20 and equilibrium quantity is 10.
Now, calculate the deadweight loss. The formula for deadweight loss is:
DWL = 0.5 (P1 - P2) (Q1 - Q2)
Here, P1 and Q1 are the equilibrium price and quantity respectively. P2 and Q2 are the new price and quantity at which the market is operating. To find the new price and quantity, we set the demand equal to supply.
60 - 4Q = 2Q
Q = 15
P = 60 - 4Q
P = 60 - 4(15)
P = 0
The new quantity is 15 and the new price is 0.
DWL = 0.5 (20 - 0) (10 - 15)
DWL = 50
The deadweight loss is 50.
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True/False. because managers make major decisions, they have limited opportunity to influence the ethical tone of the firm.
False. Although managers make major decisions, they still have ample opportunity to influence the ethical tone of the firm through their decision-making and leadership. By setting an example and promoting ethical behavior, managers can create a positive ethical environment within the organization.
False. Managers who make major decisions have a significant influence on the ethical tone of the firm. Decision-making and leadership play a crucial role in setting the ethical standards and values of the organization. While there may be some limitations to their influence, managers still have the opportunity to shape the ethical culture of the company through their actions and decisions.
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During 2017, Sheffield Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2016 and 2015 (Sheffield’s first year of operations) under FIFO was $162,140 and $181,860, respectively. Pretax income using weighted-average pricing in the prior years would have been $153,100 in 2016 and $174,200 in 2015. In 2017, Sheffield reported pretax income (using weighted-average pricing) of $205,200. Show comparative income statements for Sheffield, beginning with "Income before income tax," as presented on the 2017 income statement. (The tax rate in all years is 25%.)
Answer:
Net Income for 2017,2016 & 2015 are $153,900, $114,825 and $130,650 respectively.
Explanation:
2017 2016 2015
Income before income taxes $205,200 $153,100 $174,200
Less: Income taxes at 25% ($51,300) ($38,275) ($43,550)
Net Income $153,900 $114,825 $130,650
What is a mass number
A vehicle comes into the shop for repairs. Technician a says to check with the service writer for the details of the customer complaint. Technician b says to check with the shop supervisor to get information on the complaint. Who is correct?.
Based on the question which is correct is technician A only because a service writer the person who listens to descriptions of their problems and greets customers. The service writer must then fill out the repair order, describing what might be wrong.
An automotive technician makes a servicing, repairing cars, vans, and light trucks and also living diagnosing about them. The technician must be well trained and highly skilled. He or she must be able to perform a wide variety of tasks. Perform basic maintenance and care, including changing oil, rotating tires and checking fluid levels. Repair or replace worn parts, such as brake sensors, wheel bearings, and pads. Perform repairs to manufacturer and customer specifications. Explain automotive problems and repairs the problem to clients.
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Question 3 of 10
Which of the following is a career you would find in the Finance Career
Cluster?
A. Equine manager
B. Geologist
C. Tax examiner
D. Ecologist
SUBMIT
Answer:
C. Tax examiner
Royal Corporation uses the indirect method of computing net cash flow from operating activities and reported the following for Year 2: Accounts receivable decreased by $10,300, merchandise inventory increased by $15,300, accounts payable decreased by $4,000, and income taxes payable increased by $18,800. If Royal Corporation reported net income for Year 2 of $157,800 (including $34,800 of depreciation expense), net cash flow from operating activities for Year 2 is:
Answer:
$202,400
Explanation:
The computation of the net cash flow from operating activities for year 2 is shown below:
= Net income + depreciation expense + decrease in account receivable - increase in merchandise inventory - decrease in account payable + increase in income tax payable
= $157,800 + $34,800 + $10,300 - $15,300 - $4,000 + $18,800
= $202,400
which of the following refers to an account with an investment company into which you deposit money and then use it to buy stock? A.Discount broker. B.Stock exchange.C. Full-service broker. D.Brokerage account.
Option D. Brokerage account is an account with an investment company into which you deposit money and then use it to buy stock
A brokerage account refers to an account with an investment company where you deposit money and use it to buy stocks and other financial instruments. It acts as a conduit that allows you to invest in the stock market through a brokerage firm. In this account, you can deposit funds from your bank account or other sources, and then you can use those funds to purchase stocks, bonds, mutual funds, exchange-traded funds (ETFs), and other investment products.
To understand the concept of a brokerage account in more detail, let's break it down in mathematical terms. Imagine you have $1,000 that you want to invest in the stock market. Instead of buying stocks directly, you open a brokerage account with an investment company. You deposit the $1,000 into your brokerage account. This account acts as a container for your funds.
Once your money is in the brokerage account, you can use it to buy stocks. Let's say you want to invest $500 in Company X's stock. You place an order through your brokerage account, specifying the number of shares you want to purchase and the price you are willing to pay. The brokerage firm executes the order on your behalf, using the funds in your brokerage account to complete the transaction.
The brokerage account also keeps track of your investments, provides statements, and may offer additional services such as research tools, investment advice, and customer support. It serves as a centralized platform for managing your investments and monitoring your portfolio.
In summary, a brokerage account is an account with an investment company that allows you to deposit money and use it to buy stocks and other financial instruments. It provides a convenient and regulated way to participate in the stock market and manage your investments.
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Cost-push inflation corresponds to ________ output and demand-pull inflation corresponds to ________ output.
It should be noted that Cost-push inflation corresponds to lower output and demand-pull inflation corresponds to higher output.
What Is Cost-Push Inflation?Cost-push inflation serves as inflation that do take place when overall prices increase as a result of increases in the cost of wages and raw materials
Demand-pull inflation on the other hand describes the effects of an imbalance in aggregate supply and demand.
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2.1 Answer questions on the business opportunity and related factors Develop a research instrument that can be used to assess customers' buying behaviour for any product of your choice.
Consumer market research employs two research methods: Qualitative and Quantitative.
1. Qualitative Consumer Research
Focus Groups: As the name implies, focus groups are small groups of highly validated subject experts who gather to analyze a product or service.
One-on-one Interview is a more conversational method in which the researcher asks open-ended questions to the respondents in order to collect data.
Text analysis is a qualitative research method in which researchers analyze social life by decoding words and images from available documents.
2.Quantitative consumer research is all about statistics and numbers. A savvy consumer who makes frequent purchases can attest to how consumer-centric businesses have evolved in recent years.
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Analyst why the mobility of labour may increase over time.
The mobility of labor may increase over time due to the following:
Increase in tradeIncrease in resourcesGrowth of industries.What is meant by mobility of labor?This is the term that is used to refer to the way that workers that are within a nation are able to move in their country or in nations that are outside their own.
There are several reasons for this. When industries are growing, there would be the need for ,ore people to be hired to make up the work force in the economy. Another reason is when there are increased resources such as capital in the nation.
The mobility tells us the ease with which these workers are able to move around in the economy. This is one of the core principles of economics as it tells us the way that Labor is able to affect growth in the economy as well as the production of goods and services.
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Researching the company, preparation, and ending strong are all good self-awareness strategies for what?.
Researching the company, preparation, and ending strong are all good self-awareness strategies for performing well in interview.
What makes a good interview performance?It's crucial to ask enlightening questions while being animated and enthusiastic. On the other hand, be careful not to overstep your bounds as a deserving applicant seeking a career shift. It goes without saying that you should only use formal language in the actual interview.
Employers cite eye contact and demonstrating excitement (for the position, business, or sector) as the two most crucial elements of a successful interview. Speaking clearly (and loudly enough) is essential because interviews are conversations between the potential employee and the company.
Hence, Being self-motivated can demonstrate your commitment to producing excellent work. Self-motivated people tend to be involved in their work and work toward clearly defined goals.
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Compare his previous budget when he worked part time while finishing his degree with his current budget after getting a full time job.
his previous budget when he worked part time while finishing his degree with his current budget after getting a full time job. A zero-based price budget range is solely used for people who have zero debt. It commonly takes three months for your finances to commence working well.
What is the difference between finances and budgeting?A finances is a comprehensive, formal plan that estimates the in all likelihood bills and income for an agency over a particular period. Budgeting describes the universal method of preparing and using a budget.
Why is budgeting necessary for students?If you continue to work on your spending and budgeting habits while you're in college, you will be a step beforehand of most humans when you graduate. You will have a excellent chunk of cash that can go in the direction of paying off the student loans that you would possibly have.
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https://brainly.com/question/8647699#SPJ4Butan Corp. (a U.S. company) made a sale to a foreign customer on September 10, 2020, for 100,000 widgets. The payment was received on October 10, 2020. The company's fiscal year is September 30. The following exchange rates applied: Date Exchange Rate September 10, 2020 §1 = $.48 September 30, 2020 §1 = $.50 October 10, 2020 §1 = $.44 Determine the amount of a foreign exchange gain or loss recorded on September 30, 2020.
The foreign exchange gain amount is $.02 per widget as the difference between the account receivable value at the two exchange rates. When 100,000 widgets are sold, the total foreign exchange gain will be $2,000.
Butan Corp. made a sale to a foreign customer on September 10, 2020, for 100,000 widgets. The payment was received on October 10, 2020. The company’s fiscal year is September 30. On September 10, 2020, the exchange rate was §1 = $.48. On September 30, 2020, the exchange rate was §1 = $.50.
Since the payment was not received until October 10, 2020, Butan Corp. would have recorded an account receivable on September 10, 2020, for the sale of the widgets. The account receivable would have been recorded at the exchange rate on that date (§1 = $.48).
On September 30, 2020 (the end of Butan Corp.'s fiscal year), the company would have adjusted the account receivable to reflect the change in the exchange rate. Since the exchange rate on September 30, 2020, was §1 = $.50 (higher than the rate on September 10), Butan Corp. would have recorded a foreign exchange gain.
The amount of the foreign exchange gain would be calculated as the difference between the value of the account receivable at the two exchange rates: (§1 * $.50) - (§1 * $.48) = $.02 per widget. Since there were 100,000 widgets sold, the total foreign exchange gain would be $.02 * 100,000 = $2,000.
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Which indicates that a product meets the definition of done?
When a product meets the definition of done, it means that it has fulfilled all the necessary criteria and requirements for completion.
What is the indication that a product meets the definition of done?This typically includes meeting the specified functionality, quality, and performance standards set for the product.
It also involves satisfying any relevant acceptance criteria and passing all required tests and evaluations.
Additionally, the product should have undergone necessary documentation, such as user manuals and release notes, and be ready for deployment or delivery to the end-users.
Meeting the definition of done signifies that the product is in a state where it is considered fully developed, tested, and ready for use, ensuring that it meets the intended objectives and delivers value to the stakeholders.
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reviewers are largely supportive of the increased push to have people pre order video games
A- true
B- false
Answer:
False
Explanation:
Reviewers resist the pre-order movement because it circumvents their role in the marketing process.
who guarantees that a futures contract will be fulfilled? the broker the clearinghouse nobody the buyer the seller
The clearinghouse guarantees that a futures contract will be fulfilled. A broker's attorney plays a crucial role in safeguarding the legal rights and interests of brokers in their professional activities.
A broker's attorney is a legal professional who specializes in providing legal advice and representation to brokers or brokerage firms. They have expertise in various areas of law relevant to the brokerage industry, such as securities law, contract law, compliance, and regulatory matters. Broker's attorneys assist brokers in navigating legal complexities, ensuring compliance with regulations, and protecting their interests. They may help with drafting and reviewing contracts, handling disputes or litigation, advising on regulatory compliance, and representing brokers in negotiations or legal proceedings. A broker's attorney plays a crucial role in safeguarding the legal rights and interests of brokers in their professional activities.
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which of the following is added to or subtracted from national income to arrive at personal income?
Personal taxes and transfer payments are added to or subtracted from national income to arrive at personal income. To arrive at personal income from national income, certain adjustments are made.
Personal income represents the income received by individuals from all sources. It is derived from national income by adding or subtracting various components.
One component that is subtracted from national income is personal taxes (option a). Personal taxes, such as income taxes, are deducted from national income to account for the portion of income that goes toward taxes paid by individuals.
Another component that is added to personal income is transfer payments (option d). Transfer payments are government payments to individuals, including welfare benefits, unemployment compensation, social security, and other forms of assistance. These payments are added to national income to reflect the income received by individuals through government transfers.
The remaining options, such as capital income, net foreign factor income, depreciation, indirect business taxes, and corporate profits, are not directly added to or subtracted from national income to arrive at personal income. They may be accounted for in different ways or included in other measures of income or economic indicators.
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The complete question is:
Which of the following is added to or subtracted from national income to arrive at personal income?
a) Personal taxes
b) Capital income
c) Net foreign factor income
d) Transfer payments
e) Depreciation
f) Indirect business taxes
g) Corporate profits
According to the unit, what percentage of shoppers used a coupon in 2012?
A. 78%
B. 85%
C. 93%
D. 100%
today's world, 96% of consumers have used a coupon in the past 90 days. JC Penney tried to break consumers of the coupon habit in 2012 and quickly saw a 23% drop in sales for the first three quarters of 2012. If JC Penney couldn't change people's shopping behavior, you probably can't either.n: so i guess its c
Answer:
78%
Explanation:
I take nutrition and wellness, and this was the correct answer for me. Just took the test as well :P
In the U.S., cash takes which two forms
its takes the form of paper money and coins
Which of the following reflects an acceptable yearly developmental goal as identified on an employee’s Individual Development Plan? (Select all that apply.)
improve my listening skills and interpersonal communication.
complete the training to become a master aircraft mechanic.
reconnect with high school friends in similar careers for networking.
enroll in post-graduate courses and complete studies for a master’s degree.
Answer:
improve my listening skills and interpersonal communication.
enroll in post-graduate courses and complete studies for a master’s degree.
Explanation:
Make a business plan with a :
Detail of Sale.
Name
Cost price of products
Selling price
Expected Profit
Target market
Capital
1How much is required??
2From where are you going to get it from
Marketing strategy
Products for sale
gggggggggggggggggggggggggggggggggggggggggggggggggggggggg
Define logistics management. Click the answer you think is right. It is the management of the movement of materials and information within, into, and out of a firm. It is the management of processes used to identify, acquire, and administer inputs to a firm. It is the management of the customer interface, including all aspects of order processing and fulfillment. It is the management of functional groups such as distribution, sales, order fulfillment, and customer service.
Answer:
The correct answer is the first option: It is the management of the movement of materials and information within, into and out of the firm.
Explanation:
To begin with, the term of "Logistics" refers to the detailed organization and implementation of a complex operation. When it comes to the business field, the companies that have logistics and they need to manage it, tend to organize as much as possible what they use as materials and information of the company that needs to be moved from one place to another and they use the management of the logistics so that process can be improve and the company can count with its resources whenever they need to.
A loan to a company or government that pays investors a fixed rate of truth over a specific timeframe is known as:
1. 401k
2. Tax shelter account
3. Stocks
or 4. Bonds
Answer:
4. Bonds
Explanation:
Bonds are debt instruments used by corporates and governments to raise capital. Bonds are long-term sources of capital for a business and government and also an investment option to investors.
When the government or corporate issues bonds, they promise to pay the principal amount when the bond matures. Maturity ranges from 5 to 30 years. The bond issuer also commits to pay interest on regular intervals until the bonds mature. The interest to be paid is based on the coupon rate or interest rate as specified by the bond.
What is an example of a common part of a company's brand that would be represented in television
commercials?
Answer:
logos, product, company's name, :DDD and endorsers
The figure below represents the U.S. market for steel imports from South Korea. The South Korean government provides an export subsidy of $25 per ton, and South Korean firms use the subsidy to reduce their export price to the United States to $375 per ton.
The South Korean government's export subsidy allows South Korean steel producers to reduce their export price to the United States to $375 per ton, making it more competitive in the U.S. market. This strategy helps South Korean steel firms increase their market share and strengthens their position in the global steel industry.
The correct answer is option D. An export subsidy of $25 per ton provided by the South Korean government will result in a lower price of $375 per ton for the steel that is being imported by the United States.In the given scenario, the South Korean government provides an export subsidy of $25 per ton to the South Korean steel industry. The South Korean firms use this subsidy to lower their export price to the United States. As a result, the price of steel being exported to the United States from South Korea decreases to $375 per ton. Therefore, option D is the correct answer.
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According to the reading, what might support a premium pricing strategy? a) Forming your business as a corporation b) Fresh ingredients c) 24 hour operation d) None of the above
Answer: Fresh ingredients
Explanation:
Fred is on trial for robbing Sam's Electronics. The prosecution alleges that Fred broke into the warehouse behind the store and stole over $10,000 worth of TV's and stereos. To prove the number and value of the items that were stolen, the prosecution calls Gloria, who works as a stock clerk in the warehouse. She testifies that when she came to work the day after the robbery, she noticed that large amounts of inventory were missing. Gloria spent the entire day cataloguing the missing items, and at the end of the day put together a list which included twelve plasma televisions, thirty-two stereo systems, and eighteen digital video recorders. She gave the list to her manager. At trial, Gloria testifies that (1) she is unable to remember exactly what was stolen from the store, and (2) seeing the list would help to refresh her recollection. The prosecutor can: a. Show her the list and then take it away and have her testify from her 'refreshed recollection.' b. Have her read the list to the jury. c. Admit the list into evidence. d. (A) and (B), but not (C).
Answer:
a. Show her the list and then take it away and have her testify from her 'refreshed recollection.'
Explanation:
In the given scenario Gloria testifies that when she came to work the day after the robbery, she noticed that large amounts of inventory were missing. She spent the entire day cataloguing the missing items.
In the trial she said she can remember what was stolen.
Under rule 612 the prosecutor is allowed to.show her the list and them take it away. Gloria can now testify from her refreshed memory.
On the other hand if she said she could recall the items the prosecutor would have under the hearsay exception (rule 803 (5)) requested she state the missing items.
But in this case she said she cannot recall the items
For Tesla, the Model S represents a
(BCG) market growth/market share matrix.
on the Boston Consulting Group
The answer is "star" and its further explanation can be defined as follows:
The Tesla Model S is pleasant during the day, but fitness and finish are something to want. When heading for just a quick ring all-around city or heading off to the other side, Model S 2020 is full of space and luxury. It is a quality rating of 7 out of 10.The Tesla Model S is the top U.S. car with an overall score of 70 in the ultra-luxury car category. The top-range model S is 373 miles long and has one of today's largest ranges. For Tesla, Model S is a star in the growth/market share matrix of the Boston Consulting Group. The hunting for a high-quality premium car, Tesla Model S.Its overall design is maybe 10-years old, but the type S still sets a baseline for all EVs, and it has an unmatched driving range. The Model S is rather costly at $80,000 on the other hand.That's why the correct answer is "star".
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Assume, in the short-run, a monopolist is facing a demand given by P - 1000 - Q. It has a cost structure where MC = 20, and their fixed costs are $1,000. What is the profit-maximizing quantity it will supply? Hint: for a linear demand function, if the demand line looks like P = a -bQ. then the MR line looks like P=a-2bQ
To find the profit-maximizing quantity for a monopolist facing a demand given by P - 1000 - Q, we need to use the formula for monopolist profit maximization. This formula states that a monopolist will produce the quantity of output where marginal revenue (MR) equals marginal cost (MC).
First, we need to find the MR line. The demand line given is P - 1000 - Q. We can rewrite this as P = 1000 + Q - 1000, which simplifies to P = Q. This means that the demand curve is a straight line with a slope of -1 and intersects the y-axis at 1000. Using the hint given in the question, we can find the MR line. The MR line is P = a - 2bQ. In this case, a is 1000 and b is -1, so the MR line is P = 1000 - 2Q. Next, we need to find the profit-maximizing quantity. To do this, we set MR equal to MC. We know that MC is 20, so we can substitute that in for MC in the equation 1000 - 2Q = 20. Solving for Q, we get Q = 490.
Therefore, the profit-maximizing quantity for the monopolist is 490. This means that the monopolist will produce and sell 490 units of output to maximize their profits in the short run.
To determine the profit-maximizing quantity supplied by a monopolist in the short-run, we will use the given information about demand and cost structure, and apply the hint provided for the linear demand function.
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The process of controlling and making decisions about a business is called:
O Leadership
O Management
O Administration
Answer:
B. Management.
Explanation:
Management can be defined as the process of controlling and making decisions about a business.
The management comprises of top executives, board of directors or managers who generally control the affairs of a business firm or company.
Basically, they are saddled with the responsibility of defining the policies, set of rules, standards, and procedures so as to preserve or protect the company's assets, boost efficiency, enhance financial accountability, and prevent fraudulent behaviors among the employees.
Also, the decision-making process or responsibilities is essentially vested on the management of a business. Therefore, the management is typically responsible for the success, growth and development of their business.