Correct option is A. An economist suggested that paying for each prisoner who walked off the ship in Australia.
The British government used to pay ship captains to transport criminals to Australia back in the 1700s. It initially didn't function well, according to Tabarrok:
On one especially awful expedition, around one-third of the men perished. The remainder came starving, battered, and ill. Those who were fortunate enough to live were staggering away.
Back in England, this was a scandal, so the government sought to rectify it by enforcing a variety of restrictions.
An economist at last had a fresh thought.
The government should only pay for each prisoner who stepped off the ship in Australia, as opposed to paying for every prisoner who walked aboard the ship in Great Britain. In reality, this was the recommendation that was accepted in 1793 and implemented.
This question is from "How Do You Stop Sea Captains From Killing Their Passengers?" by Alex Tabarrok of George Mason University (and Marginal Revolution). Complete Question -Recall Chapter 1's opening story about the British sea captains and the convicted felons. Instead of paying the sea captains for each prisoner placed on board the ships in Great Britain, an economist suggested:
A)paying for each prisoner who walked off the ship in Australia.
B)paying for food and water to reduce costs of caring for prisoners during the transit.
C)doing nothing, since the suggested change would not matter.
D)that new regulations be passed to require prisoner safety and health.
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purchased grooming equipment for $12,700
Answer:
who spends that much-
Explanation:
okay good job on the server Andrew and it they said
When graphed, fixed costs that behave in a curvilinear fashion resemble a(n) a. S-curve. b. stair-step pattern. c. Inverted S-curve. d. straight line.
When graphed, fixed costs that behave in a curvilinear fashion resemble an S-curve.
How to graph fixed costs?When fixed costs are graphed and behave in a curvilinear fashion, they resemble an inverted S-curve. This is because fixed costs remain constant up to a certain point of production output, after which they may increase due to capacity constraints or the need to purchase additional equipment. As production output continues to increase, fixed costs eventually level off and may even decrease due to economies of scale.
The resulting curve has a concave shape at the beginning and a convex shape towards the end, forming an inverted S-curve.
This type of cost behavior is commonly seen in industries such as manufacturing, where fixed costs are high and production output has a significant impact on costs.
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How do you manage your performance?
Effective way to manage performance is by setting goals, tracking progress, and reflecting on areas for improvement . Strive to stay organized and prioritize tasks to ensure meeting the goals. Continuous feedback and follow ups from the colleagues and supervisors to gain insight and adjust the strategies as needed.
Performance management is a systematic method for developing and maintaining better employee performance, which boosts businesses' effectiveness.
Performance management is crucial from a business perspective to guarantee that corporate strategy and goals are met.
It enables managers and executives to concentrate on particular areas to fulfil goals. Without performance management, the business wouldn't know how it was doing and wouldn't be able to change its goals or the plan it utilised to get them.
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what technological and economic factors combined to lead to the explosive growth of american cities during the urbanization period?
The explosive growth of American cities during the urbanization period was driven by a combination of technological and economic factors. The development of industrialization and the growth of railroads led to the emergence of large manufacturing industries in cities, such as steel production, textiles, and food processing.
These industries provided employment opportunities to a large number of people and created a demand for more goods and services, leading to increased urban population growth. Finally, the availability of credit, the emergence of large financial institutions and the development of efficient transport networks all played a key role in the economic development of cities.
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An accounting software company has a sales team that frequently visits local businesses. Even after a business declines their software, the accounting software company will call the business every six weeks about some new software feature or promotion. What orientation concept is this company using?
The sale orientation concept should be used for the company.
The following information related to the sales team is:
It is the department i.e. responsible for meeting out the sales goals of an organization.It contains the people i.e. sales representative, sales specialist, customer service that is controlled by the sales manager.Since the company has a sales team so here the orientation concept i.e. used should be the sales.
Therefore we can conclude that The sale orientation concept should be used for the company.
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1.2.
State which environment unions are found in.
Julie and Barry Spinos purchased a house for $96,400. They made a 25 percent down payment and financed the remaining amount at 5.50 percent for 30 years. Their monthly payment is $410.66. How much of the first monthly payment is used to reduce the principal?
Answer: $79.30
Explanation:
Cost of the house = $96400
Down payment = 25% × $96400 = $24100
Mortgage = $96400 - $24100 = $72300
Interest = 5.5%
Time = 5 years
Monthly payment.= $410.66
The interest for first payment will be:
= $72300 × 5.5% × 1/12
= $72300 × 0.055 × 0.08333
= $331.36
Therefore, the amount of the first monthly payment is used to reduce the principal will be:
= $410.66 - $331.36
= $79.30
What accounts are affected. issued check $644 to pay for an advertisement
Answer:
Bank and Advertisement accounts
Explanation:
Journal entries
Advertisement A/c Dr $644
To Bank A/c $644
(Being advertisement expenses made by cheque)
Bank and Advertisement accounts are affected
when beginning inventory is understated, net income will be understated. true or false
TRUE. When beginning inventory is understated, net income will be negatively affected.
This is because beginning inventory is used to determine the cost of goods sold during the accounting period. If beginning inventory is underestimated, this means that the cost of goods sold will be less than it actually was, which in turn will reduce net income.
Also, if the beginning inventory is understated, the cost of goods sold will also be understated, which in turn will be reflected in the bottom line. Therefore, if beginning inventory is understated, net income will also be negatively affected.
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why would it be cheapter to have pullition credits compared to reducing pollution units microeconomics
When Company A stops emitting pollution or lowers air pollution, a pollution credit may be created.
The federal Clean Air Act of 1990 (CAA) gave businesses a mechanism to comply with rules meant to reduce air pollution through the creation of pollution credits. Since 1995, a "cap and trade" system developed by the Environmental Protection Agency (EPA) and other states has given utilities and businesses permission to emit a set amount of particular pollutants. While assisting in upholding the requirements necessary to preserve cleaner air, this approach gives businesses considerable flexibility in their compliance. By voluntarily lowering its polluting emissions below the EPA's set limitations, a business can obtain pollution credits. After then, earned credits can either be sold to another business that struggles to keep its emissions within legal bounds or stored for later use.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Do you agree or disagree that world history revolves around money? Why or why not?
Answer:
I agree
Explanation:
Battles and soldiers during the world wars both 1 and 2 were surrounded by money to me because for instance when Hitler was around he was only there for the money and if it wasnt bc of that it was bc of the aryan race
but thats besides the fact that i believe that history is a mixed up feelng of what happened in that time era
hope this helps
How do you songwriters earn money from their songs
Answer:
Good question I think its because people buy there albums and
Explanation:
Answer:
they receive royalties
Explanation:
What is mandatory spending? What are entitlements?
Spending that is necessary includes contributions to entitlement systems like Social Security and Medicare as well as required interest payments on the national debt.
What is national debt?A nation's total amount owed to creditors is known as its national debt. As a measure of a country's sustainability, economists frequently concentrate on the debt to GDP ratio.
Countries borrowing in a currency under their control have the option of issuing new money to pay off their debt. The rapidly expanding U.S. budget deficits in the upcoming years are projected to be made worse by rising interest rates and Social Security deficits.
At historic levels each month, the U.S. national debt is now in the tens of trillions of dollars. The ratio of the country's debt to its gross domestic product, or debt-to-GDP, is typically considered to be more significant than the nominal level of the national debt in dollars.
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when larsons cash saver has seedless oranges in stock when patricia wants to buy some for her family what kind of economic utility is this
Larsons cash saver has seedless oranges in stock when patricia wants to buy some for her family the economic utility he is providing is place utility.
Orange is a fruit of many different citrus species in the family Rutaceae. It mainly refers to Citrus sinensis, also known as sweet orange, to distinguish it from the related Citrus aurantium, known as bitter orange. Sweet orange reproduces apomixis asexually by nucellar embryos; The sweet orange variety is born from a mutation.
Orange is a hybrid between grapefruit and tangerine. The chloroplast genome, and thus the maternal lineage, is the grapefruit genome. The sweet orange fruit has had its entire genome sequenced.
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can be in form of a written summary of the findings of a required investigation or a particular problem
A) presentation
B) itinenaries
C) reports
D) notices
Fast fine foods markets some of its products to consumers looking for simple quick meals. Fast find foots also offer another line of products targeted to to people interested in low-fat, high nutrition foods. The companies strategy of dividing the market into groups that want similar things from the products they buy is an example of
Answer: Market segmentation
Explanation:
Market segmentation is when a market is being divided based on the customers needs. Customers with similar characteristics or needs are grouped together.
Market segmentation helps a business in reaching customers with similarbjeeds quicker and this leads to improvement in satisfaction and customer relationships. This is the method used by Fast fine foods.
HOW CAN A BUSINESS MEASURE ITS SUCCESS ❓
Answer:
Explanation:
A business can measure its success in several ways, including:
Financial performance: One of the most common ways to measure business success is by looking at its financial performance, such as profitability, revenue growth, and return on investment. This can help a business assess how well it is generating income, managing costs, and creating value for its shareholders.
Customer satisfaction: A business can also measure its success by tracking customer satisfaction levels through feedback mechanisms like surveys and customer reviews. A high level of customer satisfaction can indicate that a business is providing quality products or services that meet the needs of its customers.
Employee satisfaction: Employee satisfaction is also a critical indicator of a business's success. A happy and motivated workforce can lead to increased productivity and a better overall work environment.
Market share: Measuring market share, or the percentage of total sales in a particular market that a business is responsible for, can provide valuable insights into the business's competitiveness and overall success.
Operational efficiency: A business can also measure its success by tracking operational efficiency, such as lead times, inventory management, and production processes. Improving operational efficiency can increase a business's overall competitiveness and profitability.
These are some of the ways a business can measure its success, and the metrics used may vary depending on the type of business, its industry, and its goals and objectives.
coffee to
growing more
16)
16]
2 TGH are a public limited company which makes sports shoes (trainers). It makes
a variety of designs for the mass market. The mass market is for young people
who want fashionable sports shoes as well as those who play sport. The Directors
segment of customers who have a medical problem with their feet and need
recently decided to target a niche market which is for a particular market
b) Identify two examples of the different markets for TGH products.
c) Identify and explain two reasons why TGH sell to a niche market.
d) Identify and explain two advantages to TGH of segmenting the market
e) Do you think the Directors of TGH were right to target a niche market
or should they have stayed with just a mass market? Justify your answer.
specially designed shoes,
a) What is meant by a 'niche market'?
for sports shoes.
Revision checklist
In this chapter you have learned:
the role of marketing-identifying and satisfying customer needs as well as
Answer:
Is this reading then answering questions or....
Explanation:
I dont get the question sry but I'll try to help
You have $100,000 to donate to your college. You want to endow a perpetual scholarship that makes its first payment in 1 year. If the college's discount rate is 5%, how large will the annual scholarship payment be?
Answer:
$5,000
Explanation:
Calculation for how large will the annual scholarship payment be
Using this formula
Cash Flow= Present Value x Rate
Where,
Present Value =$100,000
Rate=5%
Let plug in the formula
Cash Flow=$100,000*5%
Cash Flow=$5,000
Therefore how large will the annual scholarship payment be is $5,000.
In an oral agreement, Chris offers to sell Marcy his car for $13,000, but Marcy is confused and thinks Chris said $15,000.
As they continue their negotiations, Chris becomes aware that Marcy thinks he said $15,000 instead of $13,000, and
when Marcy agrees to pay the additional $2,000, Chris doesn't say anything. Is the contract going to be upheld? True false
Answer: The answer is no.
If the Commission for Sport and Events contributes $45 million dollars towards the construction of a new sport venue, what type of financing option is most likely being used
The financing that is most likely being used for this construction are taxation or government securities issuance.
Sources of government financing Government can raise funds from taxing the people they govern.They can also raise funds by issuing securities such as notes to the public.The agency behind the construction of the venue is a governmental agency which means that it is most likely raising funds from one of the two methods described.
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the required return on beta stock is 14%. the risk-free rate of return is 4% and the real rate of return is 2%. how much are investors requiring as compensation for risk?
To determine the compensation investors are requiring for risk, we need to calculate the market risk premium. The market risk premium is the difference between the required return on the market and the risk-free rate of return.
Market risk premium = Required return on market - Risk-free rate of return
We know the risk-free rate of return is 4%, and we can solve for the required return on the market using the following formula:
Required return on market = Real rate of return + Inflation premium + Risk premium We are given that the real rate of return is 2%, and we can assume an inflation premium of around 2-3% based on historical averages. Assuming an inflation premium of 2.5%, we can calculate the required return on the market as follows:
Required return on market = 2% + 2.5% + Risk premium
14% = 4.5% + Risk premium
Risk premium = 9.5%
Therefore, investors are requiring a compensation of 9.5% for taking on the risk associated with beta stock.
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\(x(a - b) + (b - a)\)
Explanation:
x(a-b)+(b-a)ax-bx+b+aax-a-bx+ba(x-1)-b(x-1)(x-1)(a-b)yr answer...
PLEASE HELP !!
explain why you feel an entrepreneur or business should develop a business plan.
Answer:
See below...
Explanation:
When an entrepreneur or businessperson begins to develop an idea for a product or for the creation of a business, it is good that they have a plan. When they do not plan, their future does not have specific milestones to acheive. This can make things scary and chaotic, as it is necessary to know when and where you will do things. With a plan, the person has goals set, and they are not as overwhelmed by things that come their way. The plan gives an order to an otherwise chaotic idea.
Ted's property is in foreclosure, but he has some equity in his property. An investor suggests that she and Ted enter into a sales contract for a substantially higher price than the investor would actually pay. The investor pockets the cash and allows the house to be foreclosed on. What sort of scheme is this
Based on the given information the sort of scheme is: Equity skimming.
What is Equity skimming?Equity skimming can be defined as the way in which an investor defraud or steal a person property equity because the property is in foreclosure.
Since the investor pockets the cash he received from Ted and allow the house to be foreclosed the investor is engaging in what is called equity skimming which is fraudulent acts.
Inconclusion the sort of scheme is: Equity skimming.
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Weston makes uniforms and overalls for employees in any industry where there is a risk of fire injury. It uses fabric from Indie Fabric Co. for all of the uniforms it manufactures. If there is a decrease in the demand for products in the chemical industry, then there will be a decrease in employment in that industry. This will lead to a decrease in the demand for Weston's uniforms. Since fewer uniforms will be needed, the sales for Indie Fabric will decrease. This is an example of:
Answer:
Derived Demand
Explanation:
Derived demand refers to a demand for an intermediate good or factor of production with respect to the demand for another intermediate good or factor of production.
In the given example, there will be a decrease in the demand for Weston's uniforms with a decrease in employment in that industry.
As a result, the sales for Indie Fabric will also decrease.
This is an example of Derived Demand.
The best possible context within which to apply Porter's Five Forces model is for:
A: industry
B: Market Segment
C: Strategic group
D: Sector
It's 1 of the last 2
The best possible context within which to apply Porter's Five Forces model is for the industry.
The Five Forces model, developed by Michael Porter, is a framework used to analyze the competitive forces within an industry and assess its attractiveness and profitability. It examines five key forces: Threat of new entrants
Bargaining power of suppliers
Bargaining power of buyers
Threat of substitute products or services
Intensity of competitive rivalry
These forces are specific to the industry level and provide insights into the competitive dynamics, market structure, and potential profitability of an industry as a whole. While the model can also be applied to market segments, strategic groups, or sectors, its primary application and focus are on analyzing and understanding the competitive forces within an industry.
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The long-run price elasticity of demand is usually larger than the short-run price elasticity of demand because: O a. economists take the absolute value of long-run price elasticities but not of short-run elasticities. O b. demand curves tend to become steeper over time. c. incomes tend to rise over time. O d. people have more time to find substitute goods.
The correct option of the sentence "The long-run price elasticity of demand is usually larger than the short-run price elasticity of demand because" is:
D. People have more time to find substitute goods.
According to the statement, the long-run price elasticity of demand is usually larger than the short-run price elasticity of demand because people have more time to find substitute goods. Elasticity is a measure of how much buyers and sellers react to changes in market conditions.
The price elasticity of demand refers to the extent to which the quantity demanded of a product changes when its price changes. The short-run price elasticity of demand refers to how the quantity demanded of a product changes in the short run in response to a change in its price, while the long-run price elasticity of demand refers to how the quantity demanded of a product changes in the long run in response to a change in its price.
Therefore, the correct option is d. people have more time to find substitute goods.
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An increase in supply would best be reflected by a change from?
An increase in supply would best be reflected by a shift from supply curve C to supply curve A.
A change in supply is a shift in the total price relationship that defines a supply curve. A shift to the left or right in the supply curve's price level relationship is referred to as a change in supply. Typically, when we talk about a change in supply, we mean that the quantity delivered has changed as well as the supply price.
A change in supply may be brought about by modern technology, such as more economical or efficient production techniques, or by an increase or decrease in the number of market rivals. It is necessary to distinguish among a change in supply and a movement in the quantity delivered.
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