The statement that "the government should not provide the public good" is False. The government should consider the overall welfare and provide the public good.
In this case, the total value of the public good to the three consumers (A, B, and C) is €5,500 (€1,700 + €2,100 + €1,700). Comparing this value to the total fixed cost of providing the public good, which is €5,400 (€1,800 per consumer), it is clear that the total value exceeds the cost. Therefore, providing the public good is socially beneficial and will result in a net gain for society.
(ii) Consumer A may have an incentive to understate the true value of the good. By doing so, A could potentially reduce their share of the cost and benefit from the provision of the public good at a lower cost. Similarly, consumer B may have an incentive to overstate the true value to increase their share of the public good without bearing the full cost. Consumer C may have less incentive to overstate or understate the true value, as their valuation is already in line with the total fixed cost. If consumers overstate the true value, it could lead to an overestimation of the overall benefits of the public good.
(iii) A Clarke tax can be used to incentivize consumers to reveal their true preferences for the public good. The Clarke tax is a mechanism that imposes taxes on individuals based on their stated valuation of the public good. It is designed to align their incentives with the true value they assign to the good. In this case, the government can use a Clarke tax by imposing a tax on each consumer based on their stated valuation of the public good. The tax can be set such that if consumers understate their valuation, they will face a higher tax burden, while if they state their true valuation, they will face a lower tax burden.
By implementing a Clarke tax, the government can collect accurate information about the true value of the public good from each consumer. This information can then be used to make a more informed decision on whether to provide the public good based on the net social benefit.
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Re-exporting of important good is called ?
Answer:
entrepot trade most likely
Explanation:
Entrepot Trade is a form of international trading. It's when a country exports important goods which the country previously imported without altering them.
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With the kohl’s/amazon partnership, customers can purchase items from amazon online or through the amazon mobile app, process a return through their amazon account, and drop the item off at a kohl’s store without a box or label. This process is a great example of _______.
Answer:
a great return process
Explanation:
i used it very good and got my money back
With the kohl’s/amazon partnership, customers can purchase items from amazon online or through the amazon mobile app, process a return through their amazon account, and drop the item off at a kohl’s store without a box or label. This process is a great example of a omni-channel marketing
What is omni-channel marketing ?Omnichannel marketing is the combination and collaboration of different channels that organizations use to communicate with consumers with the goal of creating a unified brand experience. This includes physical (eg stores) and digital channels (eg websites). The goal of a multi-channel marketing strategy is to create a convenient, seamless user experience for consumers that offers many application possibilities. An omnichannel strategy can allow consumers to find and buy online, in-store or a combination of the two - for example, "buy online and pick up in store". Today, organizations from a variety of industries are adopting omnichannel strategies, including healthcare, retail, finance, technology and more.
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Create a process chart/flow chart to map the process of taking a license plate at the Department of Motor Vehicle. Here are the process details: You enter the office and take a number, then walk 50 feet to the waiting area. During the wait, you count an additional 30 customers waiting for service. Some customers become discouraged and leave. When a number is called if a customer stands, the ticket is checked by a uniformed person, and the customer is directed to the available clerk. If no one stands, several minutes are lost while the same number is called repeatedly. Eventually, the next number is called and more often than not, that customer has left too. The DMV clerk has now been idle for several minutes but does not seem to mind. After 4 hours wait, the customer number is called and checked by the uniformed person. You walk 60 feet to the clerk, and the process of paying city sales tax is completed in 4 minutes. The clerk then directs you to the waiting room area for paying state personal property tax, 80 feet away. You take a different number and sit down with some different customers who are just renewing licenses. One hour and forty minutes wait this time, and after a walk of 25 feet, you pay property taxes in a process that takes 2 minutes. Now that you have paid taxes, you are eligible to pay registration and license fees. That department is 50 feet away. The registration and license customers are called in the same order in which personal property taxes were paid. There is only a 10-minute wait and a 4-minute process. You receive your license plates and leave exactly 6 hours after arriving. Make a process chart to depict this process and suggest improvements.
The process chart starts with taking a number, waiting, getting checked, paying taxes, and finally receiving license plates. Improvements include digital queue management, better communication, and streamlined payment processes.
The process chart depicts the steps involved in obtaining a license plate at the Department of Motor Vehicles (DMV). It begins with taking a number upon entering the office and proceeding to the waiting area. During the wait, customers count additional individuals waiting, but some may become discouraged and leave.
When a number is called if a customer stands, their ticket is checked by a uniformed person, and they are directed to an available clerk. If no one stands, time is wasted by repeatedly calling the same number. Eventually, the next number is called, but often the customer has already left.
After a 4-hour wait, the customer's number is called and checked by a uniformed person. The customer then walks to the clerk, 60 feet away, to pay city sales tax, which takes 4 minutes. The clerk directs the customer to the waiting room area, located 80 feet away, to pay state personal property tax.
After waiting for 1 hour and 40 minutes, the customer pays property taxes, which takes 2 minutes, after walking 25 feet. Once taxes are paid, the customer becomes eligible to pay registration and license fees, located 50 feet away.
The registration and license customers are called in the same order in which personal property taxes were paid. With a 10-minute wait and a 4-minute process, the customer receives their license plates and leaves exactly 6 hours after arriving.
To improve this process, suggestions include implementing a digital queue management system, improving communication, and streamlining payment processes. These improvements aim to enhance efficiency, reduce waiting times, and provide a more seamless experience for customers at the DMV.
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The general ledger account for Accounts Receivable shows a debit balance of AED 50,000 . The Allowance for Doubtful Accounts has a credit balance of AED 1.000. If management estimates that 5% of Accounts Receivable will prove uncollectible, Bad Debts Expense would be recorded for A. AED 1,500. B. AED 2.540. C. AED 2.500. D. AED 3,500 .
Bad Debts Expense would be recorded for C AED 2,500. This amount is calculated by multiplying the estimated percentage of uncollectible accounts (5%) by the Accounts Receivable balance (AED 50,000) minus the credit balance in the Allowance for Doubtful Accounts (AED 1,000).
To determine the amount of Bad Debts Expense, we need to calculate the estimated uncollectible amount based on the given information. The Accounts Receivable balance of AED 50,000 represents the total amount owed to the company by its customers. The Allowance for Doubtful Accounts is a contra-asset account used to estimate and offset the potential losses from uncollectible accounts. In this case, it has a credit balance of AED 1,000.
To estimate the Bad Debts Expense, we multiply the estimated percentage of uncollectible accounts (5%) by the net Accounts Receivable balance. The net balance is calculated by subtracting the credit balance in the Allowance for Doubtful Accounts (AED 1,000) from the Accounts Receivable balance (AED 50,000). 5% of AED 49,000 (AED 50,000 - AED 1,000) equals AED 2,450. However, since the options provided are rounded, the closest amount is AED 2,500. Therefore, Bad Debts Expense would be recorded for AED 2,500 in this scenario.
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A child-tax credit (deduction) would
show up on which form?
A. 1040
B. 1099
C. 19
Answer:
see the answer
Explanation:
I think It is A
identify three of the many shared ethical standards among businesses that are incorporated in codes of ethics
When a company receives a utility bill but will not pay it right away, it should:a. debit Utilities Expense and credit Accounts Receivable.b. debit Utilities Expense and credit Accounts Payable.c. debit Accounts Payable and credit Utilities Expense.d. make no entry until the bill is paid.
When a company gets a utility bill but chooses not to pay it right immediately, it should credit Utilities Expense and debit Accounts Payable.
The answer to the question is A.
What kind of payments are accounts payable?Bills that need to be paid by a business are accounts payable. It is the sum of money a company owes suppliers for goods and services rendered. Cleaning services, office supplies, technology subscriptions, & office supplies are a few instances of accounts payable. Payroll is excluded from accounts payable.
Accounts payable and receivable are what?Accounts receivable, as opposed to Accounts Payable, indicates money that your company owes to customers rather than suppliers. Moreover, accounts receivable and accounts payable are viewed as current assets and liabilities, respectively.
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the outcome of an unbias sample ______ is to the outcome from the population
Unbiased sample results are probably similar to population results.
An objective representative sample of the population is what?An objective depiction of the entire population is what a random sample is supposed to be. It is considered a fair way to choose a sample from a larger population (since every member of the population has an equal chance of getting selected).
What is the name for unbiased sample selection?As part of the sampling technique known as random sampling, every sample has an equal chance of being chosen. A randomly selected sample is intended to be a fair reflection of the entire population.
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SRC Refrigeration Company manufactures and sells refrigerator display units for flowers. A salesperson for the company is calling on a large supermarket chain to try to interest them in SRC's new refrigeration unit. The salesperson has set as his sales call objective to replace all refrigeration units in the 235-store chain with SRC units. This sales call objective would be an example of a(n) ______________ call objective. Question 48 options: optimistic minimum primary crazy inspirational
Answer:
A. optimistic
Explanation:
A. optimistic
B. minimum
C. primary
D. secondary
E. basic
Minimum call objective can be regarded as basic business purpose which is a case that ones sales person needed to achieve so that the call can be successful. And the optimistic call objective can be regarded as optimistic outcome that sales person could think of in given sales.
quantum mechanics shop sells a bicycle to reniel, a costumer who uses a local card(a national credit card, but not issued by an bank) in recrding this sale the entity should record
Answer:
the journal entry to record this sale should be:
Dr Accounts receivable X
Dr Credit card fees Y
Cr Sales revenue X+Y
Explanation:
The journal entry to record sales using credit cards issued by banks, e.g. VISA, MasterCard, etc., which pay immediately or almost immediately (the same day or the following day) and manage the payments through the company's bank account:
Dr Cash X
Dr Credit card fees Y
Cr Sales revenue X+Y
Since credit cards not issued by banks (e.g. many American Express cards are issued by American Express itself not by banks) do not pay immediately, a company must record an account receivable, it cannot record cash. In order to collect the payment, the company must submit the credit card receipt to the credit card company and then wait for it to be processed and paid. This may take a few days or even a couple of weeks.
the type of advertising that attempts to develop initial demand for a product is
The main objective of informative advertising is to generate initial demand for the product by educating consumers about its features, benefits, and usage. It is commonly used when introducing a new product to the market.
Informative advertising is a type of advertising that aims to provide potential consumers with information about a product, service, or idea.
The goal of informative advertising is to empower consumers with the necessary information to make informed decisions about purchasing the advertised product. Instead of focusing solely on persuasion, informative advertising aims to educate consumers and help them understand the value proposition of the product.
This type of advertising typically employs clear and straightforward messaging to deliver key information to the target audience. It can be seen across various advertising channels, including social media platforms, print media, television, and billboards.
Informative advertising is often the first phase of an advertising campaign, followed by other types of advertising such as persuasive or reminder advertising. Once consumers have been informed about the product, subsequent advertising efforts may focus on persuading them to make a purchase or reminding them of the product's availability.
In summary, informative advertising seeks to provide consumers with valuable information about a product, service, or idea in order to generate initial demand. By educating consumers, this type of advertising aims to help them make informed choices and understand the value of the advertised product.
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Which of the following would the social security tax pay for? a health insurance b pensions for the elderly and disabled that qualified c vacations d education
"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D
Answer:
d. Cultural values
Explanation:
Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.
Answer:
D
Explanation:
I just took the assignment
Market control Multiple Choice does not assume that the interests of the organization and individuals naturally diverge. is based on the idea that employees may share the values, expectations, and goals of the organization and act in accordance with them. includes such items as budgets, statistical reports, and performance appraisals. uses prices, competition, and exchange relationships to regulate activities. is the use of rules, standards, regulations, hierarchy and legitimate authority to guide performance.
Answer: uses prices, competition, and exchange relationships to regulate activities.
Explanation:
Market control involves using pricing mechanisms and exchange relations for the regulation of organizational activities. In market control, competition, prices, and exchange relationships are used to regulate the activities.
The option about the assumption that the interests of the organization and individuals naturally diverge is the clan control.
what role does the basel committee on bank supervision play in derivatives regulation? why is it not perfectly effective?
The Basel Committee on Bank Supervision plays a crucial role in regulating derivatives. It sets the standards and guidelines for the risk management and supervision of derivative activities by banks, which includes establishing minimum capital requirements, conducting stress tests, and ensuring proper documentation and reporting.
However, the effectiveness of the Basel Committee's regulations on derivatives has been challenged by the complexity and rapid evolution of the derivatives market, as well as the difficulty in enforcing compliance across different jurisdictions and institutions.
Additionally, there have been instances of non-compliance and regulatory arbitrage, where banks exploit differences in regulatory requirements across jurisdictions to gain a competitive advantage. These factors have contributed to the limitations of the Basel Committee's effectiveness in regulating derivatives.
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what is technical education
Answer:
Technical education is learning something about a specific work scientifically in detail and practical.
Answer:
The academic and vocational preparation of students for jobs involving applied science and modern technology!
Explanation:
Please show steps and how and why the formula is implemented!
The price of a stock is currently $38. Over the course of the next year, the price is anticipated to rise to $41 or decline to $36. If the upside has a 65% probability of occurring and the risk free interest rate is 3%, what is the price of a six month call option with an exercise price of $35 using the binomial model?
A) $4.18 B) $4.70 C) $3.89 D) $4.25
The price of a six-month call option with an exercise price of $35 using the binomial model is approximately $3.89. So the correct answer is option C) $3.89.
To determine the price of a six-month call option using the binomial model, we can follow these steps:
1. Calculate the risk-neutral probability of an upside move (p) and a downside move (q) using the formula:
p = (1 + r - d) / (u - d)
q = 1 - p
In this case, the risk-free interest rate (r) is 3%, and the upside (u) and downside (d) moves are given as follows:
u = 41 / 38 = 1.0789
d = 36 / 38 = 0.9474
Substituting these values into the formula, we get:
p = (1 + 0.03 - 0.9474) / (1.0789 - 0.9474) ≈ 0.5333
q = 1 - p ≈ 0.4667
2. Calculate the stock prices at the end of the six-month period, given an upside move and a downside move.
The upside stock price (S_up) would be:
S_up = 38 * u = 38 * 1.0789 ≈ 41.0422
The downside stock price (S_down) would be:
S_down = 38 * d = 38 * 0.9474 ≈ 36.0422
3. Determine the option value at the end of the six-month period.
The call option value (C_up) at the upside stock price would be:
C_up = max(S_up - X, 0) = max(41.0422 - 35, 0) ≈ 6.0422
The call option value (C_down) at the downside stock price would be:
C_down = max(S_down - X, 0) = max(36.0422 - 35, 0) ≈ 1.0422
4. Calculate the option value at the current time (t = 0) using the risk-neutral probabilities:
Option value (C_0) = (C_up * p + C_down * q) / (1 + r)
C_0 = (6.0422 * 0.5333 + 1.0422 * 0.4667) / (1 + 0.03) ≈ 3.8925
Therefore, the price of a six-month call option with an exercise price of $35 using the binomial model is approximately $3.89. Hence, the correct answer is option C) $3.89.
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if the fed decides to tighten monetary policy because the inflation rate has risen to a level inconsistent with economic efficiency and long-term growth, in the select one: a. short run the ad curve shifts to the right and a recessionary gap is created. b. short run the sras curve will shift downward and a recessionary gap is created. c. short run the ad curve shifts to the left and a recessionary gap is created. d. long run the ad curve will shift to the left and the long-run equilibrium is restored.
Option B is correct. Tight financial coverage targets to slow down an overheated financial system by means of increasing activity rates. Conversely, unfastened monetary coverage goals to stimulate an financial system through decreasing pastime rates.
Why did the Fed tighten monetary policy?Central banks around the world are tightening financial coverage in response to a international surge in inflation now not viewed given that the 1970s.
The implication of tight monetary coverage is to convey down inflation by using limiting the circulation of cash in the economy. It makes cash greater costly to borrow through increasing non permanent pastime rates. Thus, a nation's central bank takes corrective motion to save the economic system from slipping into hyperinflation.
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Answer:
C)Foreign direct investment that increase US net capital outflow
Explanation:
From the question we are informed about A U.S. corporation who builts an amusement park in France. In this case, Its expenditures are U.S. Foreign direct investment that increase US net capital outflow. An expenditure can be regarded as payment used in purchasing goods or services either with cash or credit. It is regarded as money been spent on something. A foreign direct investment (FDI) can be regarded as an investment which is been set up by a firm or individual in ones country having business interests which is been located in another country. foreign direct investment do occur when foreign business operations is been set up by an investor or the investor is a able to acquire business assets in particular
foreign company.
would anyone like to ............ watch anime
Answer:
aot
Explanation:
last episode soon
Who heads each of the branches of federal reserve banks and looks after their functioning?
Answer: The chair of the board, governors of the federal reserve system is the chief of the federal reserve which is the central banking system of the United States.
Answer:
Board of Governors
Explanation:
How do large corporations spend their money? Please explain
citing a specific company as an example that is NOT Amazon or
Apple.
Large corporations spend their money on a variety of things, including employee salaries, research and development, marketing and advertising, and expansion into new markets.
One specific company that provides a good example of how large corporations spend their money is Walmart.
One of the biggest expenses for Walmart is employee salaries. The company employs over 2.2 million people worldwide, and is one of the largest private employers in the world.
Walmart also invests heavily in research and development in order to stay competitive in the retail industry. This includes developing new technologies, such as the Walmart app, and improving their online shopping experience.
Marketing and advertising is another major expense for Walmart. The company spends billions of dollars each year on TV commercials, online ads, and other forms of marketing in order to attract new customers and retain existing ones.
Finally, Walmart is constantly expanding into new markets, both domestically and internationally. This includes opening new stores, acquiring other companies, and investing in new business ventures.
Overall, large corporations like Walmart spend their money on a variety of things in order to stay competitive and continue to grow.
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karume starts his own business as a sole proprietor. this form of business has the advantage of .
Karume starts his own business as a sole proprietor. The advantage of this type of business is that he will get all the profits of the business and he is the sole owner of the business.
What is a business?A business is an organization that engages in commercial, industrial, or professional activities with the aim of earning a profit.
The primary objective of most businesses is to create and deliver products or services that meet the needs or wants of their customers while generating revenue and profits for the owners or shareholders.
Th business that Karume start is sole proprietorship. He gets all the profits of the business by himself and he is the only owner of the business.
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Sally is trying to choose between two internet plans. Under the first plan, AT & T will sell her a DSL modem for $16.99, and then she must pay $11.99 per month. Under the second plan, Verizon will give her a modem for free, but she must pay $14.99 per month.
(a) When does the Verizon plan become the worse deal (how many months)?
(b) Describe at least one other possible solution method for Part 2a besides the one you used.
The Verizon plan becomes the worse deal compared to the AT&T plan after 8 months of service. An alternative solution method for determining the point at which the Verizon plan becomes less favorable is by setting up and solving an equation.
To determine when the Verizon plan becomes the worse deal, we can compare the total costs of both plans over time. In this case, the AT&T plan has an initial cost of $16.99 for the DSL modem, while the Verizon plan provides the modem for free. However, the monthly cost of the Verizon plan is higher at $14.99 compared to $11.99 for the AT&T plan.
By setting up an equation to compare the total costs of the two plans, we can solve for the number of months at which the costs become equal:
16.99 + 11.99x = 14.99x
where x represents the number of months. Simplifying the equation, we find:
16.99 = 14.99x - 11.99x
2x = 16.99
x ≈ 8.495
Since we cannot have a fraction of a month, we round up to the nearest whole month. Therefore, the Verizon plan becomes the worse deal after 8 months of service.
An alternative method to solve part 2a is by creating a table or graph that compares the total costs of the two plans over time. By plotting the cumulative costs for each month, we can visually identify the point at which the costs intersect and the Verizon plan becomes less favorable.
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State and explain any four unique characteristics of the individual.
Each individual is unique in their own way, with their own set of characteristics and traits that distinguish them from others. Here are four unique characteristics of an individual. Personality - Personality is one of the most distinctive characteristics of an individual.
It is the set of traits, behaviors, and attitudes that make up who a person is. Some people are outgoing and sociable, while others are introverted and prefer to spend time alone. Some are optimistic and cheerful, while others are more pessimistic and serious. Personality can also be influenced by factors such as upbringing, life experiences, and cultural background. Intelligence - Intelligence is another unique characteristic of an individual.
It is the ability to learn, understand, and apply knowledge and skills. Intelligence can take many forms, such as logical-mathematical, linguistic, spatial, and emotional intelligence. Some people are naturally gifted in certain areas, while others may need to work harder to develop their intellectual abilities. Creativity - Creativity is a unique characteristic that sets some individuals apart from others. It is the ability to come up with new and innovative ideas, solutions, and perspectives. Creativity can manifest in various forms, such as art, music, writing, and problem-solving. Some people are highly creative, while others may struggle to think outside the box. Resilience - Resilience is the ability to overcome adversity and bounce back from challenges and setbacks. It is a unique characteristic that is shaped by life experiences and personal beliefs. Some people are naturally resilient, while others may need to cultivate this trait through practice and self-reflection. Resilience can help individuals to cope with stress, build stronger relationships, and achieve their goals. In conclusion, these are just a few of the many unique characteristics that make each individual special. It is important to recognize and appreciate these differences, as they contribute to the rich diversity of the human experience. I understand that you would like to know four unique characteristics of an individual. Personality: Each individual has a unique personality that defines their way of thinking, feeling, and behaving. This can be shaped by genetics, upbringing, and life experiences. Personality traits can include introversion/extroversion, conscientiousness, and emotional stability. Values and beliefs: Every individual holds a set of personal values and beliefs that influence their decisions, actions, and perceptions of the world. These can be shaped by family, culture, religion, and personal experiences. Talents and skills: Individuals possess unique talents and skills, which can be innate or acquired through learning and practice. Examples of these skills can include artistic abilities, problem-solving, communication, or leadership. Physical attributes: Each person has a unique combination of physical attributes, such as height, weight, hair color, eye color, and facial features. These characteristics contribute to a person's appearance and can impact how they are perceived by others. In summary, the four unique characteristics of an individual include their personality, values and beliefs, talents and skills, and physical attributes. Each of these characteristics contributes to what makes a person unique and sets them apart from others..
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Sheridan Company produces flash drives for computers, which it sells for $20 each. The variable cost to make each flash drive is $13. During April, 650 drives were sold. Fixed costs were $1400 for the month. How much is the monthly break-even level of sales in dollars for Sheridan? $4000 $200 $3250 $13000
Answer:
$4,000
Explanation:
The computation of break-even is shown below:-
Contribution margin ratio = (SP per unit - VC per unit) ÷ SP per unit
= ($20 - $13) ÷ $20
= 35%
Break-even sales dollars = Total Fixed Costs ÷ Contribution margin ratio
Break-even sales dollars = $1,400 ÷ 35%
= $4,000
Therefore we applied the above formula.
Hence, the break even sales in dollars is $4,000
An item is regularly priced at 70$. It is on sale for 20% off the regular price. What is the sale price?
ITS 7TH GRADE MATH BTW!
Answer:
it's 56.
Explanation:
70*0.8=56
which statement describes a main advantage of using cash over other forms of payment
The main advantage of using cash over other forms of payment is that its eliminates the possibility of overspending.
How does cash eliminates overspending?While doing a physical transaction, there will not be a situation of overspending because the person can not purchase more than the cash value he/she has on him/her.
Hence, the main advantage of using cash over other forms of payment is that its eliminates the possibility of overspending.
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Aggregate expenditure includes all of the following, except:O Consumption spendingO Net ExportsO Government spendingO Aggregate demand
Aggregate demand is the correct response. - Aggregate expenditure encompasses all of the Aggregate demand
Aggregate expenditure is the total amount of spending in an economy on goods and services within a certain period. It is computed by summing the four parts of GDP: net exports, government expenditure, investment spending, and consumption spending (NX).
Consequently, alternatives A, B, and C are all included in aggregate expenditure, but option D, which is aggregate demand, is not a component of aggregate expenditure. The total demand for products and services in an economy at a particular price level is referred to as aggregate demand.
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g the demand curve for a perfectly competitive firm is part 2 a. elastic at relatively high prices and inelastic at relatively low prices. b. perfectly inelastic. c. perfectly elastic. d. unitary elastic.
A perfectly competitive firm's demand curve is c. perfectly elastic.
Because it is a price taker, a complete competitive business must accept the equilibrium price at which it sells its goods. If a perfectly competitive business attempts to charge even a modest amount above the market rate, it will not be able to make any sales.
For each of the small, independent businesses that participate in the market, the demand curve is perfectly elastic, and in a fully competitive market, all products are viewed as perfect replacements. If one of these businesses tried to raise its price, there wouldn't be a demand for its products. These businesses are price takers.
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