The consumer has utility function x₁²x2². The consumer is currently consuming 6 units of x₁ and 7 units of x2. If the consumer decreases the consumption of x1 by unit, how many more units of x2
Answers
If the consumer decreases the consumption of x₁ by unit, 7/6 more units of x₂
To determine how many more units of x₂ the consumer will consume if they decrease the consumption of x₁ by one unit, we can calculate the marginal rate of substitution (MRS) between x₁ and x₂ using the given utility function.
The MRS measures the rate at which a consumer is willing to trade off one good for another while keeping utility constant. It is calculated as the ratio of the marginal utility of x₁ to the marginal utility of x₂.
In this case, the utility function is U(x₁, x₂) = x₁²x₂².
To find the MRS, we take the partial derivatives of the utility function with respect to x₁ and x₂:
MU₁ = ∂U/∂x₁ = 2x₁x₂²
MU₂ = ∂U/∂x₂ = 2x₁²x₂
Then, we can calculate the MRS as MRS = MU₁/MU₂:
MRS = (2x₁x₂²) / (2x₁²x₂)
= x₂ / x₁
Given that the consumer is currently consuming 6 units of x₁ and 7 units of x₂, we can substitute these values into the MRS equation:
MRS = (7) / (6)
= 7/6
Therefore, for every one-unit decrease in x₁, the consumer will consume an additional 7/6 units of x₂.
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Related Questions
FILL IN THE BLANK. Electrical forces ____.
(static electricity)
a. can cause objects to only attract each other
b. can cause objects to only repel each other
c. can cause objects to attract or repel each other
d. have no effect on objects
Answers
Electrical forces can cause objects to attract or repel each other.
Option C is correct.
Electrical forces are one of the fundamental forces of nature that govern the behavior of electrically charged particles, such as protons and electrons. These forces arise due to the interaction between the electrically charged particles and are responsible for the attraction or repulsion of particles.
The strength of the electrical force is determined by the magnitude of the charge on the particles and the distance between them. Like charges (i.e., positive-positive or negative-negative) repel each other, while opposite charges (i.e., positive-negative) attract each other. The magnitude of the force decreases as the distance between the particles increases.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
How education is medium to enhance the ability of human beings?
Answers
The general education of a populace enhances the overall ability of humans by allowing a greater number of humans to be given the (intellectual) tools necessary (in agreence with Rene Descartes theory of obtaining “new knowledge” to improve upon previously held inclinations or even create new ones in order to increase efficiency or another set of reasons one might alter their natural inclinations. With that being said, general education is a tool that, when used properly, can be used to increase the overall ability of humans by means of increased intellectual ability.
Income taxes are taxes that are paid on any financial gain. Purchased goods. Homes, land, or property. Special goods and activities.
Answers
Income taxes are those taxes that are paid on any financial gain.
Income taxes are a progressive type of tax system. Them are taxes that are paid on all forms of income.
This type of tax , taxes those that have more income that those that have lower income.
The government uses the income tax to fund several public services and also use it for the provision of goods to the citizens in the country.
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Answer:
any financial gain
Explanation:
e2022
What are some ways to protect the confidentiality of research participants quizlet?
Answers
The ways of protecting confidentiality is:
Getting nondisclosure agreements signedlimiting participant identity accessOnly with explicit permission will participant information be disclosed.What is Confidentiality?Confidentiality describes a set of rules or a contract that limits access to or uses of specific types of information and is often done out through confidentiality clauses. Confidentiality refers to the concept and practice of keeping sensitive information private unless the owner or data custodians expressly authorizes sharing it with a third party.
In addition, confidentiality might mean:
Limiting user access to data instruments that contain participant identification.Not revealing some data sets.The confidentiality agreement is crucial to protect participants as well as the integrity of the research.To know more about Confidentiality, visit:
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Please identify the marketing mix for an Electric
Automated Bike.
Go into detail using the 4 Ps (product, price, place and
promotion).
Answers
Marketing Mix for an Electric Automated Bike:
Product: An Electric Automated Bike is an environmentally friendly vehicle that provides convenient transportation. Price: The cost of an Electric Automated Bike is influenced by a variety of factors, including brand name, quality, and features.Places: Electric Automated Bikes are typically sold online, in cycling stores, and in other sporting goods stores.PromotionOnline and print advertisements, public relation efforts, and publicity stunts are all common advertising strategies for Electric Automated Bikes.What's Marketing Mix for an Electric Automated Bike? Product: An Electric Automated Bike is an environmentally friendly vehicle that provides convenient transportation. It's a two-wheeled, electrically-powered bicycle that has a motor, battery, and other features, as well as an automated system that lets the rider control the bike. It's meant for people who enjoy cycling but don't want to put in a lot of effort.Price: Electric Automated Bikes are typically more expensive than traditional bicycles due to their advanced features and technology. However, they are less expensive than cars and are an affordable option for short-distance commutes.Place: This bike can be promoted in city areas as it is an eco-friendly option for commuting. The availability of E-Bikes depends on the location.Promotion: Social media advertising and referral incentives might also be utilized. Demonstrations and giveaways could also be used to promote the bike. Campaigns could also be created to promote the eco-friendly aspects of the bike.Learn more about “marketing mix" at
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Understanding human behavior to be the result of interactions of biological, psychological, and social systems is known as the
Answers
The understanding of human behavior to be a complex result of interactions between biological, psychological, and social systems is known as the biopsychosocial model.
This model recognizes that human behavior is not solely determined by one single factor, but rather it is influenced by a combination of various internal and external factors.
Biological factors such as genetics, brain chemistry, and hormones interact with psychological factors such as emotions, thoughts, and beliefs, which are further influenced by social factors such as cultural norms, family dynamics, and social support systems.
This holistic approach emphasizes the interconnectedness of these systems and highlights the importance of considering multiple factors when attempting to understand human behavior.
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1. A man buys a laptop for £540 and sells it for £615. Find his loss or profit.
Step by step pls x
Answers
A man buys a laptop for £540 and sells it for £615. Find his loss or profit.
Answer:-The man had a profit of £75
Explanation:-Cost price = £540
Selling price = £615
▶️Profit = Selling price - Cost price
▶️Profit = £615 - £540
▶️ Profit = £75
Answer:
\(\large\boxed{\boxed{\underline{\underline{\maltese{\pink{\pmb{\sf{\: Solution \rightarrow 75 \: euro }}}}}}}}\)
Explanation:
\(\sf{Given \: details \: ,}\\\star \sf { Price \: of \: laptop = 540 \: euro}\\\star \sf {Price \: he \: sells \: it \: for = 615 \: euro}\\\\\\\sf{We \: need \: to \: find \: the \: profit \: or \: loss.}\\\\\\\sf{It \: is \: obviously \: a \: profit \: as \: the \: selling \: price \: is \: higher \: than \: the \: buying \: price.}\\\\\sf{So,}\\\sf{Profit = Price \: he \: sells \: it \: for - Price \: of \: laptop}\\\sf{Profit = 615 - 540}\\\boxed{\mathfrak {Profit = 75 \: euro}}\\\\\\\)
_________________
\(\sf{Hope \: it \: helps}\\\\\mathfrak{Lucazz}\)
Which one of the following is NOT a factor in the Fama-French 3-factor model?
A. momentum
B. Book-to-market
C. Market capitalization
D. Market
Answers
Market capitalization is NOT a factor in the Fama-French 3-factor model. In this option C is correct
Market capitalization refers to the total value of a company's outstanding shares of stock. It is calculated by multiplying the current market price per share by the total number of outstanding shares.
Market capitalization is commonly used to determine the size and relative value of a company in the stock market. It is often used as a criterion for categorizing companies into different market segments, such as large-cap, mid-cap, and small-cap.
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why does the scrotum and testes maintain low in temperature
A. to stock sperm cell
B. to protect sperm cell
C. to produce sperm cell
D. to save sperm cell
Answers
To protect the sperm cells is the final answer.
The scrotum and testes maintain low temperatures in order to protect sperm cells. This is because the viability of sperm cells is highly dependent on the temperature; they cannot survive at normal body temperature. Therefore, in order to protect the sperm cells, the scrotum and testes keep them at a lower temperature than the rest of the body.
The scrotum is a sac-like structure that houses the testes. It hangs outside the body because the internal temperature of the body is too high to support the production and survival of sperm cells. The scrotum is able to regulate the temperature of the testes in response to the external temperature.
When it's cold, the scrotum contracts, bringing the testes closer to the body to keep them warm. When it's hot, the scrotum relaxes, allowing the testes to hang away from the body to cool down. This is why the scrotum and testes maintain a low temperature.
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When a salesperson is discharged for a violation of any of the provisions of the Real Estate Law, the employing broker must immediately file a __________ with the Commissioner.
Answers
explain how operations strategy can help a business sustain its competitive advantage.
please answer this question in an essay.
Answers
Answer:
Operations can help a business sustain their competitive advantage by reducing its cost without considering the way they are reduced.
Explanation:
First of all, to create a business competitive advantage the business has to be more profitable than its competition. In other words, they need to make money in a more effective way than its competitors. This means that they have more margin of profit, instead of selling more. Now, in operations, this works the same. However, the reasons might come from different sources. Whether by having technology more advanced than its competitors. By having more productive processes, or by using materials bought at cheaper prices.
If there is a conflict between a person’s verbal communication and non-verbal communication, people are more likely to believe their non-verbal communication. please select the best answer from the choices provided t f
Answers
If there is a conflict between a person's verbal and non-verbal communication, people are more likely to believe their non-verbal communication - TRUE
While verbal communication is essential to achieving success in both interpersonal and professional relationships, non-verbal communication – also known as body language – always speaks louder than words. Often performed automatically rather than intentionally, body language is the use of observable behaviors, attitudes, and habits for nonverbal communication.
When you communicate with other people, you are constantly sending and receiving non-verbal signals, whether you realize it or not. Your posture, tone of voice, amount of eye contact, gestures, and other nonverbal behaviors all convey important messages. They can put people at ease, inspire confidence and draw people to you, or they can irritate and confuse.
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Use what you have learned about secured and unsecured loans to complete these sentences.
A loan that is associated with a valuable asset that can be taken by the lender is
.
Ray needs to get a new set of tires for her car, so she uses her credit card. If she does not pay her bills, there is no asset that can be seized. This means her loan is
.
Jack agrees to take out a mortgage. If he fails to make his payments, the bank may repossess his house, so his loan is
Answers
A loan that is associated with a valuable asset that can be taken by the lender is a secured loan.
Ray needs to get a new set of tires for her car, so she uses her credit card. If she does not pay her bills, there is no asset that can be seized. This means her loan is an unsecured loan.
Jack agrees to take out a mortgage. If he fails to make his payments, the bank may repossess his house, so his loan is a secured loan.
What is a Secured Loan?A secured loan is a type of loan in which the borrower pledges some form of collateral, such as a property, a car, or another valuable asset, as a guarantee that they will repay the loan. This means that if the borrower fails to make the payments on the loan as agreed, the lender can take possession of the collateral and sell it to recover their money.
Secured loans are usually available at lower interest rates than unsecured loans because they are considered less risky for lenders. This is because the lender has some form of security that they can use to recover their money in case the borrower defaults on the loan.
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Answer:
1. Secured
2. Unsecured
3. Secured
Explanation:
Edge 2023
cash paid to purchase long term investments would be reported
Answers
Cash paid for long-term investments is reported in the statement of cash flows under the investing activities section.
When a company purchases long-term investments, such as stocks or bonds, it needs to report the cash paid in its financial statements. This information is important for investors and stakeholders to understand the company's investment activities.
The cash paid for long-term investments is typically reported in the statement of cash flows, specifically in the investing activities section. The statement of cash flows provides information about the cash inflows and outflows from operating, investing, and financing activities.
The cash paid for long-term investments would be categorized as a cash outflow in the investing activities section. This means that it is considered a use of cash for the company.
It is important for companies to accurately report their cash flows to provide transparency and help users of financial statements make informed decisions.
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Okay, Daily Question!
My friend is telling her crush she likes him and she wanted me to come up with a ship-name? I made some suggestions but she didn't like any of them and she gave me a deadline of 3:00 to give her a 'good' one. Here are the names:
Nate/Nathan + Addy/Addison
Have any ideas?
Answers
Explanation:
Naddison
NA
Natson
Naddy
a ups employee named theodore johnson who only made $14,000 per year was able to achieve a net worth of $70 million after 50 years through saving and investing, half of which he donated to educational causes in 1991.
Answers
Theodore Johnson earned no more than $14,000 per year while working for UPS, yet despite this, he was worth more than $70 million when he retired with out tax.
Theodore Johnson wouldn't see the cash again because it would be withdrawn from his account. In order to enrich himself, he therefore created a tax. He invested 20% of his earnings, despite the fact that he only made a small amount of money. That accrued interest for him over more than five decades, earning him $70 million.
Tony portrays Mr. Johnson's money as if it were nothing because it is only a measly $14,000 per year, which is considered "table scraps." In contrast to the $53,046 median household income, this is little. We tax should all be able to save 20% if he can, by golly. Yes, that's true, but we must not forget that Mr. Theodore Johnson retired in 1952. Amounts in the past and present are not equal. In fact, after inflation, Mr. Johnson's $14,000 is equivalent to almost $123,000.
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3. Mr. \& Mrs. Pribel wish to purchase a boat in 8 years when they retire. They are planning to purchase the boat using proceeds from the sale of their property which is currently worth $90,000 and its value is growing at 7 percent a year. The boat is currently worth $200,000 increasing at 5 percent per year. In addition to the value of their property, how much additional money should they deposit at the end of each year in an account paying 9 percent annual interest in order to be able to buy the boat upon retirement? (4)
Answers
Mr. and Mrs. Pribel should deposit approximately $12,156.75 at the end of each year in an account paying 9% annual interest to be able to buy the boat upon retirement.
To determine the additional money Mr. and Mrs. Pribel should deposit each year to be able to purchase the boat upon retirement, we need to calculate the future values of their property and the boat and find the difference between them.
Given information:
Value of property (present value) = $90,000
Property growth rate = 7%
Value of boat (present value) = $200,000
Boat growth rate = 5%
Interest rate = 9%
Time until retirement = 8 years
First, we calculate the future value of the property after 8 years:
Future value of property = Present value × (1 + growth rate)^time
Future value of property = $90,000 × (1 + 0.07)^8
Future value of property = $90,000 × 1.7181
Future value of property = $154,929.30
Next, we calculate the future value of the boat after 8 years:
Future value of boat = Present value × (1 + growth rate)^time
Future value of boat = $200,000 × (1 + 0.05)^8
Future value of boat = $200,000 × 1.4693
Future value of boat = $293,860
Now, we find the difference between the future value of the boat and the future value of the property:
Difference = Future value of boat - Future value of property
Difference = $293,860 - $154,929.30
Difference = $138,930.70
To accumulate this difference in 8 years, Mr. and Mrs. Pribel need to make annual deposits into an account earning 9% interest. We can use the future value of an ordinary annuity formula to calculate the required deposit:
Future value of annuity = Deposit × [(1 + interest rate)^time - 1] / interest rate
Plugging in the values:
$138,930.70 = Deposit × [(1 + 0.09)^8 - 1] / 0.09
Solving for the deposit:
Deposit = $138,930.70 × 0.09 / [(1 + 0.09)^8 - 1]
Deposit ≈ $12,156.75
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According to researchers in a large-scale survey administered by the Product Development and Management Association (PDMA), in 2012, which of the following categories of project development took the least amount of time to develop a new product from initial concept to market introduction? "disruptive" projects "radical" projects "more innovative" projects "incremental" projtcts QUESTION 9 Which of the following statements is true of externalities? Negative externalities are completely eradicated by technological innovations. Externalities can be in the form of benefits reaped by individuals other than those who created them. Externalities are solely borne by individuals responsible for creating them. All externalities are negative in nature and seldom affect the communities surrounding the area where the business is based. QUESTION 10 Jordan, the CEO of Early Bird Corporation, believes that it is important to focus on the quantity of new product ideas generated rather than the quality of ideas generated. He encourages everyone in the company to come up with product ideas, and those that seem feasible are further developed. According to him, it takes several raw ideas to develop one successful new product. Jordan's views reflect the concept of innovation adolescence. the innovation butterfy. innovation diffusion. the innovation funnel.
Answers
In a large-scale survey conducted by the Product Development and Management Association (PDMA) in 2012, the category of project development that took the least amount of time to develop a new product from initial concept to market introduction was "incremental" projects. This means that incremental projects, which involve making small improvements or additions to existing products, required less time for development compared to disruptive, radical, or more innovative projects.
Externalities refer to the unintended consequences of economic activities that affect individuals or communities not directly involved in those activities. The correct statement regarding externalities is that they can be in the form of benefits reaped by individuals other than those who created them. Externalities can be positive or negative, and while negative externalities are not completely eradicated by technological innovations, positive externalities can also occur.
The views expressed by Jordan, the CEO of Early Bird Corporation, reflect the concept of the innovation funnel. Jordan believes that focusing on generating a large quantity of new product ideas is important, as it takes several raw ideas to develop one successful new product. The innovation funnel represents the process of narrowing down a large pool of ideas through successive stages of evaluation and development until a few promising ideas are transformed into successful products or innovations.
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n order to financially support himself, evander either had to select answer working for the military division or needed to select answer unemployment benefits. in order to receive unemployment benefits, evander could not select answer , but instead had to select answer . evander’s company did not select answer him; instead, it allowed him an opportunity to continue working, but for the military division.
Answers
Evander had to either between working for the military division or choose unemployment benefits in order to maintain himself financially. Evander was unable to choose a response, but was forced to do so in order to be eligible for unemployment benefits. Evander's employer chose not to respond to him but rather gave him the chance to work again, albeit in the military sector. Thomas had to continue working for the military division or apply for unemployment compensation in order to maintain his financial stability.
When a person is able to work and wants to work but cannot locate a position that suits them, they are considered to be unemployed. A group of unemployed people are referred to as being "unemployed" or are given a numerical value. The definition given by the U.S. Bureau of Labor Statistics is the number of people who are jobless, have actively looked for work over the preceding four weeks, and are available for employment (BLS). The BLS's data on unemployment also includes people who are currently unemployed but are awaiting a call back. The BLS offers information on unemployment in its U-3 report, which is a part of its monthly jobs report. In order to determine unemployment, monthly household surveys known as the Current Population Survey are used (CPS).
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All of the following controls for online entry of a sales order would be usefulexceptA) check digit verification on the dollar amount of the order.B) validity check on the inventory item numbers.C) field check on the c
Answers
All of the controls mentioned in the question (check digit verification on the dollar amount, validity check on inventory item numbers, and field check on customer information) would be useful for ensuring accuracy and preventing errors in the online entry of a sales order in e-commerce. Therefore, none of them would be considered "except."
Out of these controls, check digit verification on the dollar amount of the order would be the least useful. This is because check digit verification is typically used for identifying input errors in identification numbers, like barcodes or credit card numbers, rather than dollar amounts. For e-commerce, more useful controls would be validity checks on inventory item numbers to ensure accurate product selection, and field checks on customer information to ensure accurate shipping and billing details.
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Having a dependable income is a drawback of being a wage earner.
O A. True
B. False
no link please
no link please
Answers
What is the difference between an excise tax and a percentage tax?
Answers
The local government determines the amount of tax to be charged, and there is a sales tax in place in 45 US States. Contrarily, an excise tax is a flat fee that is added to the cost of certain goods, some by states and some by the federal government.
What is the major difference between excise tax and value added tax?A percentage-based ad valorem tax is levied. This leads to the creation of an excise tax depending on the cost of the good or service. The Internal Revenue Service (IRS), for instance, charges an excise tax of 10% on indoor tanning services.
Sales tax is charged on the sale of products, whereas excise duty is charged on the manufacture of goods. While the manufacturer is responsible for paying the excise tax, the end user is responsible for paying the sales tax.
A business tax known as percentage tax is levied against individuals or organizations who engage in the sale or rental of commodities, real estate, or services in the course of their trade or company and whose gross annual sales or revenues do not exceed P550.000.
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Name factors of production and their remumeration
Answers
Land, labor, capital, and entrepreneurs are the four primary factors that contribute to production. Their earnings are referred to as rent, wages, interest, and profit.
In economics, what is used in the production process to produce output—that is, goods and services—are referred to as factors of production, resources, or inputs. The relationship known as the production function states that the quantity of output is determined by the utilized amounts of the various inputs.
What is the significance of the production factors?A given economy's total productivity potential is made up of the factors of production taken together. Economists and policymakers can better predict the potential of an economy, make predictions, and develop policies to increase productivity by having a better understanding of their relative availability and accessibility.
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when the government imposes a price ceiling on a good whose price is too high, a. quantity demanded of the good will fall. b. surpluses are created. c. chronic excess demand occurs. d. supply will increase to meet th
Answers
When the government imposes a price ceiling on a good whose price is too high: C. chronic excess demand occurs.
Excess demand happens when the quantity demanded surpasses the quantity supplied. In this present circumstance, the market price is underneath the equilibrium price. And, when the component works, the price will ascend towards its new equilibrium. The term we likewise call a shortage.
The shortage is one of the two states of market disequilibrium. The contrary circumstance is excess supply. The last option happens when the quantity supplied surpasses the quantity demanded.
For instance, we have a supply capability Qs = 10 + 2P and a demand capability Qd = 20 - 0.5P.
By definition, equilibration is reached when the quantity demanded is equivalent to the quantity supplied or Qd = Qs. How about we determine the equilibrium price first.
Qd = Qs → 20 - 0.5P = 10 + 2P → 2.5P = 10 → P = 4.
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Which of the following are laws which protect workers?
Answers
Answer:
The Equal Employment Opportunity Commission (EEOC) enforces federal laws prohibiting employment discrimination. These laws protect employees and job applicants against: Discrimination, harassment, and unfair treatment in the workplace by anyone because of: Race.
Explanation:
Net Income and OCF [LO2] During 2009, Raines Umbrella Corp. Had sales of $730,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $580,000, $105,000, and $135,000, respectively. In addition, the company had an interest expense of $75,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions. ) a. What is Raines's net income for 2009? b. What is its operating cash flow? c. Explain your results in (a) and (b)
Answers
Raines Umbrella Corp.'s net income for 2009 was $107,250 and Raines Umbrella Corp.'s operating cash flow for 2009 was $242,250
a. To find the net income, we need to start with the company's revenue and subtract all expenses, including interest expense and taxes:
Revenue = $730,000
Cost of goods sold = $580,000
Administrative and selling expenses = $105,000
Depreciation expenses = $135,000
Interest expense = $75,000
Earnings before taxes (EBT) = Revenue - Cost of goods sold - Administrative and selling expenses - Depreciation expenses - Interest expense
EBT = $730,000 - $580,000 - $105,000 - $135,000 - $75,000
EBT = $(165,000)
Taxes = EBT * Tax rate
Taxes = $(165,000) * 35%
Taxes = $57,750
Net income = EBT - Taxes
Net income = $(165,000) - $57,750
Net income = $107,250
Therefore, Raines Umbrella Corp.'s net income for 2009 was $107,250.
b. To find the operating cash flow (OCF), we need to start with the company's net income and add back non-cash expenses like depreciation:
Net income = $107,250
Depreciation expenses = $135,000
OCF = Net income + Depreciation expenses
OCF = $107,250 + $135,000
OCF = $242,250
Therefore, Raines Umbrella Corp.'s operating cash flow for 2009 was $242,250.
c. Raines Umbrella Corp. had a net income of $107,250 for 2009, meaning that after all expenses and taxes were paid, the company had a profit of $107,250. This is a measure of the company's financial performance over the years.
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England and France produce cheese and bread. England has a competitive advantage in cheese production.
France has a competitive advantage in bread production. If England places a trade embargo on France, what is
likely to happen with cheese and bread production in each country?
O England will produce more bread and France will produce more cheese.
O England will produce more cheese and France will produce more bread.
O England will produce more cheese and France will produce less bread.
O England will produce less bread and France will produce less cheese.
Answers
If an embargo is placed by England on France, England will produce more bread and France will produce more cheese.
What is a comparative advantage?
A country has comparative advantage in production of a good if it produces at a lower opportunity cost when compared with other countries. Opportunity cost is the cost of the next best option forgone when one option is chosen over other options.
A country that has a comparative advantage in the production of a good should produce that good and import the goods for which it does not have a comparative advantage in its production.
If an embargo is placed, countries would not be able to trade so they would have to increase the production of goods they would have otherwise imported.
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The use of government taxes and spending to alter macroeconomic outcomes is known as.
Answers
Fiscal policy.
The use of government taxes and spending to alter economic outcomes is known as Fiscal policy. Payments to individuals for which no current goods or services are exchanged are known as Income transfers.
When the government decreases taxes, disposable income increases. That translates to higher demand (spending) and increased production (GDP). So, the fiscal policy prescription for a sluggish economy and high unemployment is lower taxes. Spending policy is the mirror image of tax policy.
Fiscal policy refers to the use of the government budget to affect the economy. This includes government spending and levied taxes. The policy is said to be expansionary when the government spends more on budget items such as infrastructure or when taxes are lowered.
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