Answer: MRTS =1
Explanation
Since the inputs of the firm are perfectly substitute
MRTS =DC/DL
Where DC = change in capital
= change labour
This means that the graph of labour on x axis and capital on y axis is a straight line graph
Casio, a giant electronic products producer, synthesizes it abilities in miniaturization, microprocessor design, material science, and ultrathin precision castings to produce digital watches. It uses the same skills to produce card calculators, digital cameras, and other small electronics. These collective skills are known as
a. shared activities.
b. strategic resources.
c. core competencies.
d. economies of scope.
Answer: (C) Core competencies
Explanation:
The core competencies is the one of the type of collective skills that comprised all the advantages of the strategic business.
The concept of core competencies was introduced by the Gary hamel and the C.K prahalad. It is defined as the combination of the multiple skills and the resources which helps in the distinguish in an organization.
The following are the personal core competencies are as follows:
The problem resolution skill Analytical ability The creating thinking
If the economy experiences an inflationary gap, a contractionary monetary policy will __________ investment and _______ interest rates.
Answer:
The correct answer is: Decrease; Increase.
Explanation:
The inflationary gap or inflation is the situation where there is a sustained increase in the general price level. It erodes the purchasing power of the consumers and the real value of money.
In such a situation a contractionary policy is required to correct the inflationary gap. Such a policy can be either monetary or fiscal.
Contractionary monetary policy is adopted by the Fed to reduce the money supply by using tools such as discount rate, open market operations, reserve ratio, etc.
These tools are used to reduce the lending capacity of the banks. As the reserves with bank declines. Credit becomes expensive and interest rate increases.
This raises the cost of borrowing to invest. So the investment will decline as well.
A quota on imported avocadoes ______________ the price of avocadoes, _____________ consumers’ surplus for avocado buyers, _______________ producers’ surplus of avocado growers and __________________ tariff revenue. Because the loss to _____________ is more than the gain to ___________________, there is a net loss to society.
A quota on imported avocados raises prices, decreases consumer surplus, increases producer surplus, creates tariff revenue, but causes a net societal loss due to consumer losses outweighing producer and government gains.
Explanation:A quota on imported avocados increases the price of avocados, decreases consumers' surplus for avocado buyers, increases producers' surplus of avocado growers, and creates tariff revenue. Because the loss to consumers is more than the gain to producers and government through tariff revenue, there is a net loss to society.
The imposition of a tariff or quota results in two primary outcomes: consumers end up paying a higher price and purchasing smaller quantities, whereas domestic producers receive higher prices and sell larger quantities. These effects lead to a redistribution of economic welfare - consumers end up worse off while producers and the government can potentially be better off. However, the overall loss in consumer surplus often outweighs the gains in producer surplus and government revenue, leading to a decrease in social surplus or the overall economic welfare of society.
Country A had a population of 1,000, of whom 600 worked an average of 8 hours a day and had a productivity of 2.5. Country B had a population of 800, of whom 560 worked 8 hours a day and had productivity of 3.0. Country
a. A had the higher level of real GDP and Country B had the higher level of real GDP per person
b. B had the higher level of real GDP and Country A had the higher level of real GDP per person
c. A had the higher level of real GDP and real GDP per person.
d. B had the higher level of real GDP and real GDP per person
Answer:
The answer is d. B had higher real GDP and real GDP per capita.
Explanation:
Total real GDP of country A ( in one working day): Number of working persons x average working hour per day x productivity = 600 x 8 x 2.5 = 12,000;
Total real GDP of country B ( in one working day): Number of working persons x average working hour per day x productivity = 560 x 8 x 3 = 13,440;
GDP per capita of country A (in one working day): Total real GDP of A ( in one working day)/ total population of A = 12,000 / 1,000 = 12;
GDP per capita of country B (in one working day): Total real GDP of B ( in one working day)/ total population of B = 13,440 / 800 = 16.8.
Thus, country B had higher level of real GDP and real GDP per person in comparison to country A.
d. B had the higher level of real GDP and real GDP per person
To determine which country has the higher level of real GDP and real GDP per person, we need to follow these steps:
Calculate the real GDP for each country.Calculate the real GDP per person for each country.Calculating Real GDP
Country A: Real GDP is calculated by multiplying the number of workers, the hours they work per day, and their productivity.
Real GDP Country A = Number of Workers x Hours Worked per Day x Productivity
Real GDP Country A = 600 x 8 x 2.5 = 12,000
Country B: Similarly, we use the same formula.
Real GDP Country B = Number of Workers x Hours Worked per Day x Productivity
Real GDP Country B = 560 x 8 x 3 = 13,440
Calculating Real GDP Per Person
Country A: Real GDP per person is calculated by dividing the real GDP by the total population.
Real GDP Per Person Country A = Real GDP / Total Population
Real GDP Per Person Country A = 12,000 / 1,000 = 12
Country B: Similarly, we calculate real GDP per person for Country B.
Real GDP Per Person Country B = Real GDP / Total Population
Real GDP Per Person Country B = 13,440 / 800 = 16.8
Conclusion
Country B has the higher level of real GDP (13,440 compared to 12,000), and Country B also has the higher level of real GDP per person (16.8 compared to 12). Therefore, the correct answer is d. Country B had the higher level of real GDP and real GDP per person.
If the owners charge a higher price of $16 for each movie, then they will have a total profit of (1). If the owners charge a lower price of $12 for each movie, then they will have a total profit of (2). If the owners choose to charge only a single price, then they should charge the (3) price; however, if the owners are able to price discriminate and charge both $12 and $16, then they will earn a profit of (4).
1. 1,200
2. 1,600
3. lower
4. 2,000
Answer:
The answer is true. The statetement is correct.
Explanation:
f the owners charge a higher price of $16 for each movie, then they will have a total profit of (1,200). If the owners charge a lower price of $12 for each movie, then they will have a total profit of ( 1,600). If the owners choose to charge only a single price, then they should charge the (lower) price; however, if the owners are able to price discriminate and charge both $12 and $16, then they will earn a profit of (2,000).
Dina loves to splurge on clothes. However, when she was shopping the other day, she bought much less than what she usually does as she had left her credit card at home. Which of the following antecedent conditions is most likely accountable for Dina's reduced volume of purchase?
A. Buying power
B. Mental budgeting
C. Orientation
D. Fearfulness
Answer:
A. Buying power
Explanation:
Based on the information provided within the question it can be said that the condition that is most likely accountable for this is Dina's buying power. This term refers to amount of something that a certain amount of money is able to buy, compared to different time periods. Since Dina left her credit card at home, she only had a certain amount of money, meaning she could only buy less than she would be able to if she had her card.
Companies such as Time Warner have extensive holdings in radio and television stations, cable television companies, book publishing firms, and film production and distribution companies. These companies are referred to as __________.
Answer:
Conglomerates.
Explanation:
A business conglomerate, which is characterized by the joining of two or more companies that may be from different areas of activity, but which are under the same corporate structure, that is, companies that depend on the same matrix. It is considered a form of oligopoly, which grows as new companies join the conglomerate and increases the profitability of existing companies.
The main objectives of this business group is to increase financial gains and expand the organizations that are part of the group, so the conglomerate focuses on management and use of equipment and search for capital resources.
The marginal propensity to consume is the: a overall portion of disposable income that is consumed (and not saved) b amount by which disposable income increases when consumption increases by $1.c portion of a one dollar bill that is on average spent on consumption.d amount by which consumption increases when disposable income increases by $1.
Answer:
.d amount by which consumption increases when disposable income increases by $1.
Explanation:
The marginal propensity to consume is measured by measuring what proportion of a $1 increase in income is spend on consumption, so if the marginal propensity to consume is 0.85 it means that when income increases by $1 consumption will increase by $0.85 as (0.85*1)= 0.85
Sunland Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 161,000 miles. Taxi 10 cost $32,800 and is expected to have a salvage value of $600. Taxi 10 was driven 30,000 miles in 2021 and 34,300 miles in 2022.
Answer:
Depreciation in 2021 is $6,000
Depreciation in 2022 is $6,860
Book Value in 2022 is $19,940
Explanation:
Given:
Total miles expected to be driven = 161,000 miles
Cost of taxi = $32,800
Salvage value = $600
Depreciation as per unit of activity method =
[tex]\frac{Cost -salvage\ value}{Expected\ total\ miles}[/tex]
= [tex]\frac{32,800 - 600}{161,000}[/tex]
= $0.2 per mile
Depreciation charge for a year is total miles driven multiplied by depreciation rate per mile.
Depreciation in 2021 = 0.2 × 30,000 = $6,000
Depreciation in 2022 = 0.2 × 34,300 = $6,860
Book value at the end of 2022 = Cost - depreciation for 2021 - depreciation for 2022
= 32,800 - 6,000 - 6,860
= $19,940
On August 4, Armstrong Trucking, Inc., paid $4,500 to replace the engine in one of its trucks. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Answer:
Explanation:
The journal entry is shown below:
Truck A/c Dr $4,500
To Cash A/c $4,500
(Being the truck is replaced for cash)
Since the truck is replaced so we debited the truck account and credited the cash account so that the correct posting can be done.
The replacement cost increase its useful life which is capitalized so we also debited the truck account
Answer:Trucks Dr 4,500
Cash Cr 4,500
Explanation:
Coca-Cola Unbottled is an online forum where Coke fans and company insiders can "look at what's beyond the bottle," sharing posts on everything from new products and sustainability initiatives to fun and inspiring fan stories. This is an example of a ________.
Answer:
Coca-Cola Unbottled is an online forum where Coke fans and company insiders can "look at what's beyond the bottle," sharing posts on everything from new products and sustainability initiatives to fun and inspiring fan stories. This is an example of a ___blog_____.
Explanation:
A blog is an online journal or informational website displaying information in the reverse chronological order, where people can share post, make comment on everything from new products and initiatives to inspiring fan stories. The latest posts will appear first. It is also a platform where a writer or group of writers share their views on a particular subject matter.
Shaniqua's restaurant utilizes a product cost percentage pricing system. What should be the selling price for a steak dinner she sells if her total plate cost for the dinner is $7.00 and her desired product cost is 25%?
A. $28.00
B. $3.57
C. $10.00
D. $35.71
Answer:
option (A) $28.00
Explanation:
Data provided in the question:
Total cost of Shaniqua's plate = $7.00
Desired product cost = 25%
Now,
Let the selling price for a steak dinner be 'x'
therefore,
[(Total cost of plate) ÷ (Selling price)] × 100% = 25%
or
[ $7 ÷ x] = 0.25
or
or
x = $7 ÷ 0.25
or
x = $28
Hence,
correct answer is option (A) $28.00
America First Electronics Inc. (AFE) is preparing to launch a set of new-to-the-world medical devices that are based on the same technology. These devices promise to revolutionize the healthcare industry. AFE must ideally attempt to stimulate:_________
A. primary demand for the product category.
B. joint demand for the product category.
C. selective demand for the product category.
D. replacement demand for the product category.
Answer: Option A
Explanation: In simple words, primary demand refers to the demand of a product that is new to the market. Generation of primary demand refers to attracting the customers to purchase a class of shares rather than for a particular brand.
These products are usually unique in their way and are developed through innovation and technology. Companies advertise these products to make potential costumers understand what are the uses of this product and how can it be helpful.
Shelby and her sister Isa want to go into business together selling beauty products. They have agreed to share the risks and profits associated with their new business endeavor, what type of business ownership should they set up?
Answer:
They decided to set up a partnership.
Explanation:
Two persons agreeing to share the risks and profits of their business
Answer:
Shelby and Isa should form a general partnership. Some of the advantages of general partnerships are:
partnerships are easy to form and don't require a lot of paperworkpartnerships have simple structures, usually the partners participate in the business activities of the partnershipthe partnership's profits and losses are passed to the partners (no double taxation)partnerships can be easily dissolvedAlthough the largest disadvantage of general partnerships is unlimited liability, every partner is liable for all of the partnership's debts and obligations.
Explanation:
Counterfeit activity?
A) lowers people’s acceptance of currency.
B) destroys currency in circulation.
C) leads to currency being taken out of circulation.
D) Increases overall demand for legal currency.
Answer:
Counterfeit activity (C) leads to currency being taken out of circulation
Explanation:
Counterfeit activities are those that can destroy the economic conditions of a nation. These activities can hamper the process of growth and development. One of these counterfeit activities is stopping the circulation of currency in the economy.
By this act, it will decrease the money supply in the market that will lower down the purchasing power of consumers. The stock with the sellers will remain idle. The whole market would be disturbed. So it can be concluded that these counterfeit activities can hamper overall economic conditions like GDP.
Counterfeit activity leads to currency being taken out of circulation and lowers people's acceptance of currency.
Explanation:Counterfeit activity leads to currency being taken out of circulation because counterfeit money is not accepted as legal tender and is often confiscated by authorities. When counterfeit activity is detected, it lowers people's acceptance of currency because they become more cautious and skeptical about accepting cash. However, it does not directly destroy currency in circulation or increase overall demand for legal currency.
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Some economists say that economic growth involves a trade-off between current generations and future generations. If a current generation raises its saving rate, what does it sacrifice?
A. Current consumption.
B. Human capital.
C. Capital deepening.
D. Both a and b.
Answer:A) Current Consumption
Explanation:
When consumption reduces there is more to reserve for future but if consumption increases then the future generation's consumption is at stake because level of savings will reduce in the current generation.
What assumptions are necessary for a market to be perfectly competitive? In light of what you have learned in this chapter, why is each of these assumptions important? For a market to be perfectly competitive, A. only a few firms may produce output, firms must have market power, and firms must produce a homogenous product. B. firms must be price takers, firms must produce a homogeneous product, and firms must be able to easily enter and exit the market. C. only one firm can produce output, no close substitutes may exist, and firms must not be able to enter the market. D. only one firm can have access to a key input, the government must regulate entry of new firms, and the long-run average cost of production must be decreasing. E. firms must have market power, firms must produce a differentiated product, and firms must be able to easily enter and exit the market.
Answer:
The correct answer is option B.
Explanation:
In a perfectly competitive market, there is a large number of sellers selling homogenous products. Because of a large number of firms selling identical products, no single firm can affect the price and output level in the market.
All the firms are price takers and face a horizontal line demand curve. There is no restriction on the entry and exit of firms in the market. That is why firms earn zero economic profits in the long run.
A salesperson for FS Tools asked Justin, a cabinet maker, "If I can show you how to cut melamine, high-pressure laminates, and fine veneer without any chips or breaks, would that save you any money?" In terms of the SPIN technique, this is an example of a(n) ________ question.A. need payoffB. situationC. implicationD. benefitE. problem
Answer:
A. need payoff
Explanation:
Based on the information provided within the question it seems that the salesperson's SPIN technique is an example of a need payoff. This term refers to asking an individual/customer about the value or importance that something can provide them. Which is exactly what the salesperson is stating by asking "how much money (value) can this save you?"
To set its sales force size, a company can first group accounts into different classes according to size, account status, or other factors related to the amount of effort required to maintain the account. It then determines the number of salespeople needed to call on each class of accounts the desired number of times. This is called the ______ approach.A. inside.B. complex.C. field.D. workforce.E. workload
Answer:
E. workload
Explanation:
Based on the description being provided with regards to the scenario it seems that this is called the workload. Basically this refers to the amount of work that needs to be done by a certain individual or group. Seeing as since the company divides accounts into groups, it calculates the workload and assigns the specific number of salespeople that each group will need to get the work done on time.
During and after the financial crisis of 2007minus2009, the Fed greatly increased the supply of reserves through three rounds of quantitative easing by A. purchases of long-term Treasury securities and sales of mortgage-backed securities. B. sales of both long-term Treasury securities and mortgage-backed securities. C. sales of long-term Treasury securities and purchases of mortgage-backed securities. D. purchases of both long-term Treasury securities and mortgage-backed securities.
Answer:
D) purchases of both long-term Treasury securities and mortgage-backed securities.
Explanation:
Quantitative easing is basically a large scale purchase of securities carried out by the FED. When the FED purchases long term Treasury securities, or any other type of security including mortgage backed securities, it is increasing the economy's money supply. Since the economy was facing a very deep recession, by increasing the money supply the FED was trying to boost the economy and make it rebound.
Troll Corporation sells dolls for $10.00 each in a market that is perfectly competitive. Increasing the number
of workers from 100 to 101 would cause output to rise from 500 to 550 dolls per day. The marginal revenue
product for the 101st worker is:
a. $10.00.
b. $500.
c. $5,000.
d. $1,010.
Answer:
b. $500.
Explanation:
The marginal revenue of labour is equal to change in total revenue divided by change in workers.
Revenue = price × output
=$10 × 550 = $5500
=$10 × 500 = $5000
Change in revenue = $5500 - $5000 = $500
Change in workers = 101 - 101 = 1
Marginal revenue = $500 /1 = $500
Provide the summary journal entry which shows the cash flow for each of the following for Mike Roe Computers during the reporting period:
a) received from customers,
b) paid to suppliers,
c) paid to employees,
d) paid for interest,
e) paid for insurance,
f) paid for income taxes
Answer:
a. DR Cash CR Customer
b. DR Suppliers (Liability) CR Cash
c. DR Employees (Salaries) CR Cash
d. DR Interest Expense CR Cash
e. DR Insurance Expense CR Cash
f. DR Income Taxes CR Cash
Explanation:
This is an accounting question that attempts to test your understanding of Journal entries.
The logic behind journal entries rests on the understanding of double entry principle in accounting that states that for every debit entry, there must be a corresponding credit entry.
Furthermore, you credit the giver and debit the receiver for any transaction.
There is a simpler way to understand this though.
I will make a little assumption that you understand what assets, expenses, losses and liabilities are;
Based on this assumption;
whenever assets, expenses and losses go up or increase, you Debit (DR) them but when they go down or reduce, you Credit (CR) them
Also, whenever Capital, incomes, and Liabilities go up or increase, you Credit (CR) them and whenever they go down or decrease, you Debit (DR) them.
Please feel free to ask me further questions on this, I am sure the little explanation I have given above will help you with any journal entry question.
Thank you.
Her instincts told her the group was heading in a very wrong direction but Natalie didn't want to cause a scene by disagreeing, especially when she was apparently the only one with reservations. Natalie has succumbed to ________.
Answer:
Groupthink.
Explanation:
Hope this was helpful! :)
The text reports the results of a test for the significance of the difference in average income for random samples of males and females. Males earned an average of about $17,000 more per year and the Z score computed in step 4 was 6.53. Given these results, which of the following is a reasonable conclusion?
a. There is no gender gap in income in the United States.
b. This difference is statistically significant but quite small.
c. The difference is not statistically significant and was probably caused by random chance.
d. The difference is statistically significant, large, and important.
Answer:
The answer is letter D.
Explanation:
The difference is statistically significant, large, and important.
What is a business requirement?
a) The specific business requests the system must meet to be successful
b) The nonspecific methodology the system must meet to be successful
c) The nonspecific business requests the system must meet to be successful
d) The specific methodology the system must meet to be successful
Answer: Option A
Explanation: In simple words, business requirements refers to the set of complex activities regarding operating of a business that the organization must performs to continue in the market. Usually these activities involves identifying the needs of others and performing accordingly to fulfill those needs.
These activities are not general in nature, they are specific in nature for a particular group that needs to perform it or the one which needs to get it performed.
You bought a share of 6.6 percent preferred stock for $97.68 last year. The market price for your stock is now $102.42. What is your total return for last year? Assume a par value of $100
Answer:
The aggregate return for the last year is 11.61%
Explanation:
The return on any asset is the increase in price, in addition to any dividends or the cash flows, which is divided by the initial price. Since, the preferred stock is assumed to have a $100 par value of, the dividend amounts to $6.60, therefore, the return for the year would be:
Return (R) = (Market Price - Stock Price + Dividend) / Stock Price
R = ($102.42 - $97.68 + $6.60) / $97.68
R = .1161, or 11.61%
Edward is a partner in ENS, Ltd. The partnership generated a loss during the current year. Edward's share of the loss was $7,000. How should Edward handle the loss for tax purposes assuming there are no basis, at-risk, or passive loss limitations?
Answer:
Edward can deduct his $7,000 loss from his adjusted gross income (AGI). Partnerships are investments that you make regardless of whether you work for them or not. One of the key characteristics of partnerships is that they are not taxed as separate entities, they pass-through their income or losses to the partners.
Currently baldwin is paying a dividend of $15.64 (per share). If this dividend were raised by $3.64, given its current stock price what would be the dividend yield?
Answer:
The dividend yield is 10.71%
Explanation:
The dividend yield is computed as:
Dividend yield = Current dividend + Rise in dividend / Current stock price
where
Current dividend is $15.64
Dividend will increase by $3.64
Current stock price is $179.90
Putting the values above:
= $15.64 + $3.64 / $179.90
= $19.28 / $179.90
= 10.71%
Note: The current stock price is taken from the stock market summary
This transportation mode is often the most expensive on a per-pound basis.A. waterB. highwayC. airD. rail
Answer: (A) Air
Explanation:
Air transportation is one of the expensive transportation mode on the basis of per pound as pound is the unit of the weight.
Air transportation is one of the fastest mode of transportation now a days but the cost of air transportation is much expensive as compared to all the transportation facilities.
The air crafts and air planes most high for the construction and the common people cannot afford to use the air transportation facilities.
Therefore, Option (A) is correct.
Air transportation is typically the most expensive mode of transportation on a per-pound basis due to high operational costs and smaller cargo capacity.
Explanation:This question is referring to the four main modes of transportation: water, highway, air, and rail. Among these, air transportation is usually the most expensive on a per-pound basis. This is largely due to the high operational costs associated with flying goods across large distances, including fuel, maintenance, and labor costs. Similarly, air transportation also has a significantly smaller cargo capacity than water or rail transport, further increasing its cost per pound.
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_______ advertising generally occurs in the growth and early maturity stages of the product life cycle, when competition is most intense, and attempts to accelerate the market's acceptance of the product.a. Informativeb. Persuasivec. Reminderd. Pushe. Pull
Answer:
Persuasive
Explanation:
Persuasive advertising involves the art of convincing a customer to buy a particular brand instead of other similar products. A company will provide informative information to customers to influence them to buy certain products. In persuasive marketing, the goal is to get customers to try out the new products.
A product that is in the growth or the early stages is still new in the market. Consumers are not aware of it. Marketers will engage in product promotion to demonstrate the superiority of the product over the others. The objective is to increase the sales volume of the product.