why would the economics discipline assume that generally people have a positive rate of time preference? (mark all that apply)
Answers
The economics discipline assumes that people generally have a positive rate of time preference for the following reasons:
People generally have a positive rate of time preference due to the uncertainty of the future. The uncertain nature of the future means that people are more likely to prefer the present over the future. This is because people would rather receive a reward now than wait and receive the reward later, as there is no guarantee that the reward will still be there in the future.
People also have a limited lifespan, and there is a possibility that they may not live to see the future. Therefore, people prefer to consume goods and services in the present to maximize their utility. This is known as the "time value of money."
People have a positive rate of time preference because of the following reasons:
1. The Uncertain Nature of the Future: People are uncertain about the future, and as such, they prefer to receive a reward now rather than wait and receive the reward later. This is because there is no guarantee that the reward will still be there in the future. Thus, people prefer to consume goods and services in the present to maximize their utility.
2. Limited Lifespan: People have a limited lifespan, and there is a possibility that they may not live to see the future. Therefore, people prefer to consume goods and services in the present to maximize their utility. This is known as the "time value of money."
3. Inflation: Inflation is the rate at which the general level of prices for goods and services is rising and, subsequently, the purchasing power of currency is falling. As inflation is expected in the future, people prefer to spend their money now to avoid the effects of inflation in the future.
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Related Questions
Suppose the newsvendor model describes a firm’s operations decision. Is it possible to have positive stockout probability and positive expected leftover inventory? choose the best answer.
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positive projected residual inventory and positive stockout probability Yes, they both represent expectations for a wide range of potential outcomes, none of which will be positive for both.
To determine the remaining inventory, deduct the value of the goods sold from the total stock. In either a perpetual inventory system or a periodic inventory system, the amount attributed to sales revenue represents the value of the products sold.
If your account shows a negative balance (overage), you have a credit balance, and you will receive a refund.
The projected profit maximization is the model's default goal in the newsvendor scenario. The likelihood of achieving a predetermined and fixed target profit level is another objective that has been researched in the literature. It is known as the "satisficing"—or "aspiration-level"—objective.
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Each square meter (m2) of the pool walls is made out of 16 small square tiles. what are the measurements of each tile, in centimeters?
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Each small square tile on the pool walls measures 25 centimeters on each side When each square meter (m2) of the pool walls is made out of 16 small square tiles.
To determine the measurements of each tile in centimeters, we need to know the total area of the pool walls and the number of tiles used. Let's assume that the pool walls have a total area of 50 square meters. If each square meter is made out of 16 small square tiles, then the total number of tiles used is 50 x 16 = 800 tiles.
To find the measurements of each tile, we need to divide the total area of the pool walls by the total number of tiles used. This gives us the area of each tile. So, 50 / 800 = 0.0625 square meters per tile.
To convert this to centimeters, we need to multiply by 10,000 (the number of square centimeters in a square meter). So, 0.0625 x 10,000 = 625 square centimeters per tile.
To find the length of each side of the square tile, we need to take the square root of the area. So, the length of each side of the tile is √625 = 25 centimeters.
Therefore, each small square tile on the pool walls measures 25 centimeters on each side.
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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.
Calico Company has two operating departments: Department A and Department B. Department A occupies 30% of the floor space of the company but accounts for 75% of the sales of the company. Department B occupies 70% of the floor space of the company but accounts for 25% of company sales. Cleaning expense (an indirect expense of the company), which consists primarily of vacuuming the carpet is $30,000 each year. How much cleaning expense should be allocated to Department B
Answers
Answer: $21000
Explanation:
Based on the information given in the question, the cleaning expense should be allocated to Department B will be the percentage of floor space occupied by Department B multiplied by the cleaning expense. This will be:
= 70% × $30,000
= 70/100 × $30,000
= 0.7 × $30,000
= $21000
Althoigh a franchise offers many upsides opening a franchise also has many downsides. From the lost below select the answers that are considered down sides
Answers
Answer:
the options are missing, but I can list several disadvantages or downsides of owning a franchise:
When you buy a franchise you enter a formal contract that requires you to perform different obligations and failing to perform can result in legal and economic problems (similar to all contracts signed).The franchise contract generally specifies a certain amount of years, and even if you are able to perform very well, nothing can assure you that the contract will be renewed. When you buy a franchise, you must follow all the rules, procedures and guidelines given to you by the franchisor, i.e. you own a business but someone else tells you what to do. These orders and restrictions given by the franchisor include what you can or cannot sell, and who will be your vendors (suppliers). Even if you do great, other franchisees might not operate properly and that will negatively affect your business. You have to pay royalties (a % of your gains) to the franchisor.Which statement best describes the current price for the good shown in this
Answers
Answer:
The Current price will result in a low supply for the good.
Explanation:
Culver City College, a public college, has a 10-week summer session that starts on June 25, 2020, so that one week is held during FY 2020 and the other nine weeks meet during FY 2021. Tuition and fees in the amount of $1,000,000 were collected from students for classes to be conducted in this session.
Required:
What amount should Culver City College recognize as unrestricted revenue in each of the years ended (FYE) June 30, 2020 and June 30, 2021?
Answers
Based on the information given, the amount that will be recognized as unrestricted revenue in each of the years will be $100,000 and $900,000.
Unrestricted revenue simply means the donations that can be used by a company or group for purposes that meet the goals that were set aside.
From the information, the unrestricted revenue in June 30, 2020 will be:
= 10% × $1,000,000
= $100,000
The unrestricted revenue for June 30, 2021 will be:
= $1,000,000 - $100,000
= $900,000
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Sergei’s boss has very strong opinions and often frowns upon questions from the team. This creates an environment where everyone just agrees with the boss decisions without questioning them
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Knowing and comprehending each team member's opinions personality type will enable you to assign tasks in a way that best suits their interests and passions.
By doing this, you will raise team morale and productivity to their highest levels. Therefore, I always let my manager know when I'm having an issue. I jot out a list of my annoyances. I request a meeting with my employer opinions and explain these issues in detail. I want to be sure I'm not coming out as rude or sounding like I'm making any accusations against my supervisor. Good staff knowledge results in higher output and results.
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Officer Desai has been called to the scene where a recent model dark blue four-door BMW automobile is sitting on the shoulder of the road, unoccupied, with apparently recent damage to the front bumper of the vehicle and shell casings on the driver's seat. There is nobody around the car. When the officer's sergeant arrives they discuss what to do about the car. If this vehicle matches the description of a vehicle stolen that morning from a bank parking lot, they:
Answers
Answer:
Explanation:
In this type of situation, the Sergeant should report the car as found, then look for any evidence that may be of importance in connecting the dots as to what happened. This evidence may include the shell casings to know what type of gun was fired, or even any documentation or personal belongings left by the individuals who were driving the car. All of this information can be vital to solving what exactly happened.
In a Venn diagram, the separate circles contain characteristics unique to each item being compared and the intersection contains characteristics that are common to both items being compared. The following Venn diagram compares two career pathways in the Law, Public Safety, and Security career cluster.
Which correctly lists the titles of the Venn diagram?
Title 1 should be "Corrections," and Title 2 should be "Security and Protective Services."
Title 1 should be "Security and Protective Services," and Title 2 should be "Law Enforcement."
Title 1 should be "Corrections," and Title 2 should be "Legal Services."
Title 1 should be "Law Enforcement," and Title 2 should be "Legal Services."
Answers
Answer:
c
Explanation:
this is right if what i think if correct
Answer:
c
Explanation:
The previous graph you constructed should show that net exports from Japan would be negative if the price of yen increased to a high enough level,
such as an amount greater than $10 per 1,000 yen. If you convert this price into the form typically quoted in the newspaper, this price corresponds to_____yen per dollar.
Answers
Answer:
0.1 yen per dollar? if i got it wrong sorry
Explanation:
Since 10 divided by 1000 would be 0.1 yen wait is it the other way around?
five years ago, shannon decided to start investing monthly in the common stock of abc telecom company. her financial well-being will be harmed if the price of abc telecom stock drops significantly. the risk of investment loss can be reduced if she invests in other companies and other types of financial assets. the risk shannon faces with regard to her investments is a(n)
Answers
She can lower the risk of investment loss by making investments in additional businesses and financial assets. Diversifiable risk is the danger Shannon confronts with her investments.
What do "diversifiable" and "non-diversifiable" risks mean?This concept states that "non-diversifiable risks" are hazards that cannot be reduced by diversity, whereas "diversifiable risk" refers to a risk that can be reduced or eliminated by diversification.
What exactly are examples of diversifiable risk?Unsystematic risk is a type of risk that is unique to a corporation (also known as diversifiable risk). A strike, a natural disaster like a fire, or something as mundane as declining sales could all be considered this form of risk. Financial risk and business risk are two common forms of unsystematic risk.
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NEED HELP ASAP.
If you are sure that you will be able to pay off the balance of your credit card bill in full each month, you should consider:
A) getting two credit cards, so you always have a line of credit open for use.
B) raising your borrowing limit on your credit card so you can spend more
C) only credit cards that offer a low APR
D) only credit cards that offer zero annual fees even if the APR is high.
Answers
Answer:
D
Explanation:
If you are sure that you will be able to pay off the balance of your credit card bill in full each month, you should consider only credit cards that offer zero annual fees even if the APR is high.
What is the Balance?Equilibrium or equipoise; an even distribution of weight, quantity, etc.; a counterpoise employed to establish equilibrium. stability of the mind or the emotions; a propensity for calm behavior, judgment, etc. a condition of balance in the body: He dropped down the steps after losing his footing.
When you can, try to pay off the entire sum on your credit card. Maintaining a recurring credit card load can increase your credit usage rate, which is one of the factors used to determine your credit ratings, and cost you money in interest.
If you pay off the entire balance on your credit card by the due date each month, interest will not be charged. Improve your credit score: You may build a solid payment history by using your credit card and paying off the balance.
Therefore, Thus option (D) is correct.
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what are the ways of receiving employment related information?
Answers
Answer:
just do well on software and follow me for updates
to help his audience understand the term, jacob provided a clear definition of cause-related marketing. True/ False
Answers
True, Jacob provided a clear definition of cause-related marketing in order to help his audience understand the term. Cause-related marketing is an excellent method of distinguishing a company from its rivals. It is a marketing technique that links a company and its goods or services to a social cause or issue in order to generate brand and customer loyalty while also benefiting society.
Customers are willing to pay a higher price for products that support a worthy cause, according to studies. The partnership can be anything from the sponsorship of a local non-profit organisation to a national cancer campaign.
By linking a brand with a social issue, cause-related marketing aims to encourage customers to purchase goods or services. Cause-related marketing strategies can help companies to stand out from the crowd while also establishing deeper customer connections.
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The Chicago school is best known to support ?
Answers
Answer:
guess
Explanation:
this is easy
List qualities a good manager should have. What are the advantages and drawbacks of being in a position of authority?The qualities of a good manager are:The advantages of being a manager are:The drawbacks of being a manager are:
Answers
The market ______ stocks of a stock is the price at which a share of stock can be bought and sold in the stock market.
Answers
Answer:
The market joint stork of a stork is the price at which a share of stork can be bought and sold in the market.
Classifying assets liabilities and owners equity
1. Cash
2. Alice Jones, Capital
3. Prepaid insurance
4. Steward supply company (a creditor)
5. Supplies
6. Any amount owed
7. Owners capitol account
8. Anything owned
Answers
Liability - steward supply company, any amount owed,
Owners equity - Alice Jones, owners capital account
Book store owner, Sandra Walker, has a personal check from one of her customers, payable to The Book Nook. Sandra wants to deposit the check into the store’s account. Use a restrictive endorsement.
Answers
Answer:
see below
Explanation:
Endorsing a check is communicating to the bank how a check is to be cashed. A restrictive endorsement puts limits on how a check or other financial instruments are to be used.
The most common type of restrictive endorsement is for the payee to write the words" for deposit only" at the back of the check. The payee then signs and indicates their account number. This instructs the banks to pay the check amount to that account.
Sandra walker should write the words "for deposits only" at the back of the check. She has to indicate the bank account number for The Book Nook and sign at the back.
the amount by which sales can drop before losses are incurred is the
Answers
Answer:
Margin of safety Amount by which sales can decrease before a loss is incurred.
The bonds of Generic Labs Inc. have a conversion premium of $75. Their conversion price is $20. The common stock price is $18.40. What is the price of the convertible bond
Answers
The process of turning a bond into stocks is known as a bond conversion. The conversion ratio sets the variety of stocks that a bond may be converted into, while the conversion fee establishes the price in line with proportion.
The amount a shareholder might get if a convertible security is changed into common stock is known as the conversion price. This cost is calculated by multiplying the conversion ratio (the number of stocks purchased for every bond purchased) by the current market value of the common stock.
Conversion Stock Pree = Conversion Value
Value Converted: 50 * $40 $2,000
Conversion Premium (3)* Comerion Value = Conversion Pemiun
Convertible Bond Market Price = $2,000% +5200 52.200.Pemiun Conversion to Premium Conversion (3) Value of Comerion
Convertible Bond Market Price = $2,000% +5200 52.200
Market price of a convertible bond is the conversion equivalent. Ratio of conversion
Equivalent conversion: $2,200/50 = $44
Conversion Equivalent = Convertible Bond Market Price Ratio of conversion.
Complete question:
The bonds of Generic Labs Inc. have a conversion premium of $75. Their conversion price is $20. The common stock price is $18.40. What is the price of the convertible bond?
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An alternative minimum tax (AMT) places a floor on the percentage of tax that a filer may be required to pay to the government.
Answers
An alternative minimum tax( AMT) caps the chance of duty that a taxpayer must pay to the government. This statement is true.
The AMT recalculates income duty after reincorporating certain duty preferences into acclimated gross income. It employs a distinct set of procedures to cipher taxable income after permissible deductions.
Preferential deductions are abated from the taxpayer's income to produce the indispensable minimal taxable income( AMTI), and the AMT impunity is abated to determine the final taxable figure.
The difference between a taxpayer's AMT impunity and his indispensable minimal taxable income is tested at the applicable rate schedule. The result is the TMT( conditional minimal duty).
still, they must pay both the regular duty and the quantum by which the primary minimal duty is lesser, If the conditional minimal duty is lesser than the taxpayer's regular duty burden for the time.
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Correct question:
An alternative minimum tax (AMT) places a floor on the percentage of tax that a filer may be required to pay to the government. True or false
ECON please answer this question ASAP
Answers
you have been instructed to destroy several old hard drives that contained confidential information, so you take them to a local company that specializes in this process. the it director wants confirmation that the drives were properly destroyed. what do you need to provide him with?
Answers
you need to provide him with a certificate of destruction.
In 1982, the German thrash metal group Destruction was founded. They are frequently referred to as one of the "Big Four" bands of German thrash metal, together with Kreator, Sodom, and Tankard. Destruction was a part of the second wave of thrash metal in the mid- to late 1980s, alongside American bands like Testament, Sacred Reich, Death Angel, and Dark Angel, and contributed to the creation of black metal by containing various aspects that would later make up the genre. The band had to self-produce its albums for the most of the 1990s because it was not signed to a record label, and they did so until they entered into an agreement with Nuclear Blast in the early 2000s.
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Eve's Apples opened for business on January 1, 2012, and paid for two insurance policies effective that date. The liability policy was $36,000 for eighteen-months, and the crop damage policy was $12,000 for a two-year term. What was the balance in Eve's Prepaid Insurance account as of December 31, 2012
Answers
Answer:
$18,000
Explanation:
Since the two insurance polices are for 18 months and 2 years respectively, at $36,000 and $12,000 each, we can deduce that by the 31st of December, 2012 a year each has been off the policies.
By that, we can simply deduce that for the $36,000 liability policy, its monthly rate is $2,000 ($36,000 ÷ 18). Same can be said for the crop damage plan at $12,000 for 2 years. If a year is off the plan, the 2nd year is worth $6,000 ($12,000 ÷ 2).
Therefore, from the liability policy, we have $12,000 left for the 6 months left on the plan while we have $6,000 on the crop damage plan for the next year 2013.
Adding both remainders gives $12,000 + $6,000 = $18,000
Cheers.
Insurance: An insurance company sells a 1 -year term life insurance policy to an 83 -year-old woman. The woman pays a premium of $4000. If she dies within 1 year, the company will pay $90,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 83 -year-old Noman will be ative 1 year later is 0,9561 . Let X be the profit made by the insurance company. Part: 0/2 Part 1 of 2 (a) Find the probability distribution, The probability distribution is
Answers
Given,An insurance company sells a 1-year term life insurance policy to an 83-year-old woman. The woman pays a premium of $4000. If she dies within 1 year, the company will pay $90,000 to her beneficiary. Let X be the profit made by the insurance company.
The profit made by the insurance company X is equal to the difference between the premium collected and the payout made.Profit (X) = Payout - Premium collectedNow, we need to find the probability distribution of profit made by the insurance company in one year, which is a random variable, given that the probability that an 83-year-old woman will be alive after one year is 0.9561.Let us calculate the probability of the woman's death in one year.
The probability of the woman's death in one year is given by:P(death in one year) = 1 - P(survival in one year)= 1 - 0.9561= 0.0439Using the probability of the woman's death, we can construct the following probability distribution table for profit: Where, if the woman dies, the profit of the insurance company will be $86,000. And if the woman survives, the profit of the insurance company will be -$4000.Profit X Probability$86,000 0.0439-$4,000 0.9561Thus, the probability distribution of profit made by the insurance company is as follows:Probability distribution of profit:Profit X Probability$86,000 0.0439-$4,000 0.9561Therefore, the probability distribution is:Profit X Probability$86,000 0.0439-$4,000 0.9561
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Which aspect of writing business reports relates to the component of credibility known as competence?.
Answers
Providing facts that help decision makers' aspect of writing business reports relates to the component of credibility known as competence.
Competence is the capacity to perform an action successfully. You have the ability to complete a task or job successfully. The knowledge and abilities required to solve a quadratic equation are examples of competence. Alternately, it could include the considerably more extensive and varied sets of talents required to run a multinational organization.
The objective and subjective aspects of a source's or message's plausibility are included in credibility. The concept of "Ethos" is concerned with the speaker's persona.
Trustworthiness and expertise, which both have objective and subjective components, are the two main components of credibility. Although established reliability is an objective criterion, trustworthiness is primarily based on subjective criteria.
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Morning light does not enter the swamp. Even the sunrise is dark. Still, time progresses, night into day
A picture of bayou country is deceiving Slow streams converge under mud to make the appearance of land that is actually water. One net of moss hangs from one hundred trees. Lightning strikes the
same stump many times.
People pass the swamp's fringes in trains, on tracks that cling to the last solid ground. Out of their windows are landscapes that take the earth's colors to every periphery, Bright orange sunsets
surround people like sky on an airplane. On gray foggy mornings they ride through a dream that has no beginning or end. But time has its limits, these people know. They are expected places--Memphis
by midnight, New Orleans by dawn
Deep in the swamp, animals keep the only appointments Birds gather at high places in trees. Raccoons make their last noisy passes for food across someone's back porch before he awakes. Fish all
around splash up, although they cannot see the morning coming to clean the picture of day like clothes bleaching in a galvanized tub from dark gray to light gray
Joan looked out from the porch to the swamp she had known all her life. Ahead of her in the veiled light were the outlines of many trees. Below and around her were the crisp sounds of nature
awakening Cupped in both hands, perched on her knees was a warm mug of coffee.
Which of the following can the reader infer from the passage above?
O Travelers sleep throughout the journey.
O The ride is for airplane passengers to see the sky.
O Travelers lose their sense of the outside world.
Answers
Answer:
Travelers lose their sense of the outside world.
Explanation:
Study Island
At a certain factory, when K thousand dollars is invested in the plant, the production Q is changing at a rate given by Q'(K) = 227K-2/3 units per thousand dollars invested. When $9000 is invested the level of production is 6000 units. a. Find a formula for the level of production to be expected when K thousand dollars is invested. ANSWER: b. How many units will be produced when 30000 is invested? ANSWER: c. What capital investment K is required to produce 8000 units? ANSWER: thousand dollars.
Answers
The problem involves finding the level of production based on the amount of capital investment in a factory. It provides a rate of change equation, Q'(K), which represents the rate of change of production with respect to the capital investment.
To solve part (a), we need to find a formula for the level of production expected when K thousand dollars is invested. This can be done by integrating the rate of change equation with respect to K. By integrating Q'(K) = 227K^(-2/3) with respect to K, we obtain the formula for the level of production, Q(K), as Q(K) = (3/2) * 227K^(1/3) + C. Using the given information that $9000 is invested and the level of production is 6000 units, we can substitute these values into the formula and solve for the constant C to get the specific formula for the level of production.
For part (b), we need to determine the number of units produced when $30000 is invested. We can simply plug K = 30 into the formula obtained in part (a) to find the corresponding level of production.
For part (c), we are given the desired level of production, 8000 units, and we need to find the capital investment required, K. We can set the formula for the level of production, Q(K), equal to 8000 and solve for K.
In summary, the problem involves finding a formula for the level of production based on the capital investment, using the given rate of change equation. By integrating the rate of change equation, we obtain the formula for the level of production. Using this formula, we can calculate the level of production for different amounts of capital investment and find the required investment for a desired level of production.
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