Answer:
PPP (purchasing power parity)
Explanation:
Purchasing Power Parity (PPP) aims to measure relative cost of living between countries of different currencies. It is a calculation that takes into consideration the same set of products and services and the amount of currency required to purchase them in each country. According to the PPP, two currencies are in equilibrium when a set of goods and services has the same value in two countries, considering the exchange rate between them. For example, if a big mac that costs $ 2 in the US also costs the same value in another country, that means there is a balance exchange rate between the two countries' economies. However, if price distortions are found, it will be possible to identify the difference in the cost of living between two countries.Therefore, while GDP and GNP aim to measure the wealth produced by a country, PPP aims to measure the relative cost of living between countries.
How did Ben Casnocha decide on a price for his product?
Answer:
We figured out how much the problem was costing the customer — and priced the product around that number.
Explanation:
i was writing a paper and had this in my notes
Answer:
Ben Casnocha is a young entrepreneur and venture capital investor who has written 2 books (The Alliance, and The Start-Up of You). You could say he hit the jackpot with his Comcate software that provides local governments with CRM solutions.
On his management book, The Alliance, he explains how he priced his software and it was fairly simple: he first calculated how much money his customer's could save with his software and then priced his product below that amount.
This logic is very simple and can be used by everyone, e.g. my customer has a problem that is costing them $10, and I can sell them a solution for $8.
Which of the following people is likely to benefit from inflation? A. A person with low income B. A person who has a large savings account C. A person who owes $200,000 on a loan D. A retired person on a fixed income
Answer: C. A person who owes $200,000
Malory is the new marketing manager for the footwear division of her company and is currently planning next season’s product lines. She needs to gain access to data about recent purchasing patterns in the industry but has a limited budget and time. Which type of data would be the best choice for Malory to use in this situation?
Answer:
Secondary data
Explanation:
secondary data is information which has been collected in the past by someone else. For example, researching the internet, newspaper articles and company reports.
A certain business produced x rakes each month form November through February and shipped x/2 rakes at the beginning of each month from March through October. The business paid no storage costs for the rakes from November through February, but it paid storage costs of $0.10 per rake each month from March through October for the rakes that had not been shipped. In terms of x, what was the total storage cost, in dollars, that the business paid for the rakes for the 12 months form November through October?
A. 0.40x
B. 1.20x
C. 1.40x
D. 1.60x
E. 3.20x
Answer:
C. 1.40x
Explanation:
1. Production:
November through February: x rakes/month* 4 months = 4x rakes.
2. Shipping and storage costs
March= 4x (initial stock) - x/2 (shipped) = 3.5 x (in stock) * 0.1$ = $0.35
April = 3.5x (stock at end of March) - x/2 (shipped) = 3x*0.1$ = $0.30
May = 3x (stock at the end of April) - x/2 (shipped) = 2.5x*0.1$ = $0.25
June= 2.5x (stock at the end of May) - x/2 (shipped) = 2x (in stock) * $0.1 = 0.2$
July = 2x (stock at end of June) - x/2 (shipped) = 1.5x*0.1$ = $0.15
August = 1.5x (stock at the end of July) - x/2 (shipped) = 1x*0.1$ = $0.1
Sept= 1x (stock at the end of August.) - x/2 (shipped) = 0.5 x (in stock) * $0.1 = $0.05
October = 0.5x (stock at end of sept.) - x/2 (shipped) = 0*$0.1 = $0
Total storage cost= $0.35x+$0.30x+$0.25x+$0.20x+$0.15x+$0.10x+$0.05x+$0x
Total storage cost = $1.40X
Suppose that a worker in Country A can produce either 25 bananas or 5 tomatoes cach year. Country A has 200 workers. Suppose a worker in Country B can produce either 18 bananas or 6 tomatocs each year. Country B has 400 workers. The opportunity cost of one tomato in Country B is: Multiple Choice 18 bananas. 3 bananas. 108 bananas. 6 bananas
Answer:
The opportunity cost of one tomato in Country B is 3 Bananas
Explanation:
Banana Tomato Workers Oportunitty Cost
25 5 200 5
18 6 400 3
The opportunity cost of producing a single tomato in Country B is 3 bananas, as by producing a tomato, a worker forgoes the production of 3 bananas.
Explanation:The opportunity cost in terms of economics refers to the cost of forgoing the next best alternative when making a decision. In this case, you are looking for the opportunity cost of producing one tomato in Country B. As per the information given, one worker in Country B can produce either 18 bananas or 6 tomatoes. Therefore, for every tomato produced, they could have produced 3 bananas. So, the opportunity cost of producing one tomato in Country B is 3 bananas.
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Bart tries to concentrate during a particularly difficult lecture, but finds that he is more focused on the instructor’s unique dialect and delivery style. This is an example of __________.
Answer:
Noise
Explanation:
Bart tries to concentrate during a particularly difficult lecture, but finds that he is more focused on the instructor’s unique dialect and delivery style. This is an example of _noise_.
Noise refers to anything that interferes the communication between the speaker and the audience. It can be both external as well as internal. It can disrupt the communication process at any instant.
Final answer:
Bart's difficulty in concentrating during a lecture due to the instructor's unique delivery style is a reflection of nonverbal communication affecting his ability to listen effectively. This underscores the importance of not only the message itself but also the manner in which it is delivered, which has a significant influence on student engagement and understanding.
Explanation:
Bart tries to concentrate during a particularly difficult lecture but finds that he is more focused on the instructor’s unique dialect and delivery style. This is an example of nonverbal communication affecting learning and listening. Nonverbal communication includes the various elements of speech delivery such as tone, pacing, and emphasis, which can significantly impact how the message is received and understood. It is crucial to consider not only what is being said but also how it is said. When the style of presentation or the delivery of content does not effectively engage us, our ability to listen and concentrate can be compromised, as seen through Bart's experience.
Furthermore, this situation illustrates the attention paid to speech, which can be a barrier to effective listening. The lecturer's unique dialect and delivery style have captured Bart's focus, distracting him from the core material being presented. In such cases, Bart's selective attention is directed more towards the manner of speech than the actual content, which may lead to a less than optimal educational experience.
Excessive alcohol consumption can lead to liver failure, as well as deterioration of other organs. Suppose the government has opened several public clinics that try to help alcoholics reduce their alcoholic consumption. Now the government is trying to decide how to fund these clinics. One suggestion is to raise the funds for the public clinics with a liquor tax. This tax follows:
A. The benefits principle of tax fairness.
B. Neither the ability-to-pay nor the benefits principle.
C. The ability-to-pay principle.
Answer:
The answer is A. The benefits principle of tax fairness.
Explanation:
Product costs:
- "attach" to units of product as they are purchased for resale or produced
- are always expensed in the same period in which the related products are produced
- include all costs involved in making and selling a product
- are also called inventoriable costs
Answer: Option (a) is correct.
Explanation:
Product costs are the costs that are associated with the production of a product. This is a cost that is incurred in making a product. Product cost includes direct labor cost, direct material cost, consumable supplies and manufacturing overhead. Product costs are also related to the cost of a worker or labor needed to rendered a service to a consumer.
The demand for labor depends primarily on the additional output produced as a result of hiring an additional worker and A. the additional revenue received from selling the output produced as a result of hiring an additional worker. B. the number of workers willing to produce the additional output. C. the payment made to the worker for producing the additional output. D. the elasticity of demand for the output produced by the worker.
Answer:
The correct answer is option A.
Explanation:
The demand for labor is said to be a derived demand as it is derived from the demand for products being produced using labor. It depends on the marginal productivity of labor and marginal revenue product of labor.
In other words, we can say that the demand for labor depends on the increase in the output produced due to hiring an additional unit of labor and the revenue earned from the sale of that additional output.
The demand curve of a firm is also called its marginal revenue product of labor curve. The marginal revenue product of labor is equal to the marginal product of labor times output price.
Which of the following statements supports multiple sourcing:
- an ongoing long-term contract exists with a preferred supplier.
- supply is plentiful and supply assurance is important.
- there is a patent involved.
- the order is small.
- concerns exist about supplier capacity for future volume.
Answer:
Concerns exist about supplier capacity for future volume.
Explanation:
The multisourcing is a method in which the supplier base is expanded increasing the actual number of suppliers, because the needs of the company are increasing.
Advantages:
-Alternative sources of materials in case of delivery stoppage by a supplier.
-Reduced probability of bottlenecks due to insufficient production capacity to meet peak demand.
- Increased competition mong suppliers leads to better quality, price, delivery, product innovation and buyer´s negociation power.
-More flexibility to reat to unexpected events that could endanger supplier´s capacity.
Disadvantages:
-Reduced efforts by supplier to match buyer´s requirements.
-Higher cost for the purchasing organization (greater number of orders, telephone calls, records, and so on).
Gabby and Gus Malloy recently got preapproved on a loan for their first house purchase. They are speculating on how much they should bid on their number one choice—a small, three-bedroom bungalow near a major college town. Which of the following indicators may be an important factor in whether they are able to successfully put in a low bid?
Answer:
The indicators may be an important factor will be the unemployment rate in the area
Explanation:
The federal tax rate in the that area, may no different that in other area and it can be pay if you have job, the other indicator could be is the producer price index but it can't tell you the economy as well just the productions and finally the CMI consume marginal index tell you more about life style in the zone, so that's why the indicator that is higgher influence is the unemployment rate because that determinate how many people around can pay and be able to grow economy way in the area, so t you can get return on investment
Taylor Company has current sales of 1,000 units, which generates sales revenue of $190,000, variable costs of $76,000 and fixed expenses of $96,000. The company believes sales will increase by 300 units, if advertising increases by $20,000. What is the change in net operating income after the changes?
Answer:
The change in net operating income after the changes by $14,200
Explanation:
For computing the change in net operating income, first, we have to compute the contribution per unit which is shown below:
Contribution per unit = Selling per unit - variable cost per unit
= $190 per unit - $76 per unit
= $114 per unit
where,
The selling per unit = (Sales revenue ÷ number of units)
= ($190,000 ÷ 1,000 units)
= $190 per unit
The variable cost per unit = (variable cost ÷ number of units)
= ($76,000 ÷ 1,000 units)
= $76 per unit
Now the change in operating income equals to
= (increased sales units × contribution per unit) - advertising cost
= (300 units × $114 per unit) - $20,000
= $34,200 -$20,000
= $14,200 increase
With the increase in advertising costs of $20,000, and an expected 300 units increase in sales, Taylor Company's net operating income will increase by $14,200.
Explanation:
The question is about calculating the change in net operating income of Taylor Company, which will occur as a result of additional advertising expenses and an expected increase in sales. We first need to calculate the contribution margin per unit (sales revenue per unit - variable cost per unit), which is ($190,000 / 1,000 units - $76,000 / 1,000 units) = $114. Next, we forecast the change in total contribution margin (increase in units sold * contribution margin per unit), which is (300 units * $114) = $34,200. Finally, we subtract the increase in advertising cost from the increase in total contribution margin to find out the change in net operating income (increase in contribution margin - increase in advertising cost), resulting in ($34,200 - $20,000) = $14,200.
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Louise McIntyre’s monthly gross income is $3,500. Her employer withholds $820 in federal, state, and local income taxes and $370 in Social Security taxes per month. Louise contributes $220 each month for her IRA. Her monthly credit payments for VISA and MasterCard are $125 and $120, respectively. Her monthly payment on an automobile loan is $315.
a. What is Louise's debt payments-to-income ratio? (Enter your answer as a percent rounded to 2 decimal places.)
b. Is Louise living within her means?
Answer:
1. 26.79%
2. No
Explanation:
a. The computation of debt payment to income ratio is shown below:
The income would be equal to
= Monthly gross income - federal, state, and local income tax - social security taxes - IRA
= $3,500 - $820 - $370 - $220
= $2,090
And, the debt payments equal to
= Visa card + master card + automobile loan
= $125 + $120 + $315
= $560
So, the debt payment to income ratio would equal to
= $560 ÷ $2,090
= 26.79%
b. we conclude that debt percentage is more than the monthly payments.
Final answer:
Louise's debt payments-to-income ratio is 16.00%. After taxation and contributions, she has $2,090 net income and $1,530 disposable income post debt payments. If this covers her monthly living costs, she is living within her means.
Explanation:
To calculate Louise's debt payments-to-income ratio, we need to sum up her monthly debt payments and divide by her gross monthly income, then convert it to a percentage.
Louise's monthly debt payments include:
Credit card payments: $125 for VISA + $120 for MasterCard = $245Automobile loan payment: $315Total monthly debt payments = $245 + $315 = $560
Gross monthly income = $3,500
To find the debt payments-to-income ratio:
(Debt Payments / Gross Income) × 100 = ($560 / $3,500) × 100 = 16%
Louise's debt payments-to-income ratio is 16.00%.
Regarding whether Louise is living within her means, after removing federal, state, local income, and Social Security taxes, as well as her IRA contribution:
Total monthly deductions = $820 + $370 + $220 = $1,410
Net income = Gross income - Total monthly deductions = $3,500 - $1,410 = $2,090
Louise has a net income of $2,090. After making her debt payments:
Disposable income = Net income - Debt payments = $2,090 - $560 = $1,530
Louise has $1,530 left for other living expenses. If this covers her monthly living costs, then she is living within her means.
A production possibilities frontier: A. shows how unlimited wants exceed the limited resources available to fulfill those wants. B. shows the market for a good or service. C. shows the maximum attainable combinations of two goods that may be produced with available resources. D. shows the act of buying and selling. E. shows how participants in the market are linked.
Answer:
The correct answer is C. Shows the maximum attainable combinations of two goods that may be produced with available resources.
Explanation:
The Production Possibilitiy Frontier (PPF) shows the most optimal usage of a a limited amount of resources to produce two separate goods and obtain the maximum production output possible. This theory is applicable only to the production of 2 products and demonstrates the concept of cost of opportunity. Producing more of one of the products means producing less of the other, as the resources are scarce.
Answer:
c
Explanation:
A corporate manager chafes under red tape and bureaucratic regulations until finally deciding to start a separate business. The apparent reward he seeks is the satisfaction of working with people. a satisfying way of life. community service. independence.
Answer:
The correct answer is Independence.
Explanation:
The Accountant must have and demonstrate absolute mental independence of judgment with respect to any interest that could be considered incompatible with the principles of integrity and objectivity; if you are a member of a company of which you are a partner or shareholder, you will not express any opinion on financial statements in a way unless it and he are independent of said company, that is, there is no possibility of a conflict of interest that may Limit your independence.
It is understood that a person enjoys mental independence when their judgments are made based on the objective facts they examine. There is no mental independence when the opinion or judgment is influenced by subjective considerations, independent of the objective elements of the case.
If a business is losing money on the goods it is producing, this indicates that
A. the business is producing the goods at the lowest possible cost.
B. the resources used to produce the goods are too expensive and need to be subsidized in order to be used productively.
C. the resources would be used more productively producing other things.
D. the consumer values the goods highly relative to costs
If a business is losing money on the goods it's producing, it likely indicates that the resources would be used more productively in different areas. This means the goods aren't providing enough value to surpass their production costs.
Explanation:If a business is losing money on the goods it is producing, it can mean a few things. However, most typically this suggests that the resources would be used more productively producing other things - option C. This is because even if the resources used to produce the goods are expensive, if the value generated from selling the goods doesn't surpass the costs of production, then the use of these resources may be better allocated elsewhere. This can involve producing different goods, or changing the methods of production. This scenario also indicates that the pricing or cost strategies need to be reconsidered.
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Pat invested x dollars in a fund that paid 8 percent annual interest, compounded annually. Which of the following represents the value, in dollars, of Pat's investment plus interest at the end of 5 years?
Answer:
Pat would receive within 5 years $1.47 for each dollar invested.
Explanation:
Compounded interest is when the final capital is calculated with the interest that is paid at the end of each period over the capital plus the interest earned in the prior period.
CF=1(1+0.08)↑5
A copy machine cost $ 36 comma 000$36,000 when new and has accumulated depreciation of $ 34 comma 000$34,000. Suppose Sun Graphics and Designs CenterSun Graphics and Designs Center junks this machine, receiving nothing in return. What is the result of the disposal transaction?
Answer:
Loss of $2,000
Explanation:
As provided,
Cost of machine in both cases = $36,000
Accumulated depreciation = $34,000
Therefore, carrying value = Cost - Accumulated depreciation = $36,000 - $34,000 = $2,000
Now, since this asset is discarded as junk for $0, there will be a loss on such transaction to be recorded = $2,000
This loss shall be reported in income statement as Debit.
Further, after this transaction machine value in books shall be $0.
Journal Entry for this will be:
Loss on sale of Machinery A/c Dr. $2,000
Accumulated Depreciation A/c Dr. $34,000
To Machinery A/c $36,000
"on 19 In the economy of Wrexington in 2008, consumption was $3000, exports were $400, GDP was $5000, imports were $600, and investment was $1100. What were red Wrexington's government purchases in 2008?
a $700
b. $500
c $300
d. $1100 "
Answer:
Wrexington's government purchases in 2008 were $1100
Explanation:
GDP of an economy is measured as:
GDP = C + I + G + (X-M)
Where C is consumption, I is investment, G government purchases and X are exports and M imports. So if we simplify for G we have
GDP = C + I + G + (X-M)
GDP -C - I - (X-M ) = G
G= GDP -C - I - (X-M ) = 5000-3000-1100-(400-600)
Replacing values gives us:
G= 900-(-200) = 1100
Equilibrium levels of income and interest rates are ______ related in the goods and services market, and equilibrium levels of income and interest rates are ______ related in the market for real money balances.
a. positively; positively
b. positively; negatively
c. negatively; negatively
d. negatively; positively
Answer:
D) negativity, positively
Explanation:
Equilibrium levels of income and interest rates are negatively related in the goods and services market because an equilibrium in interest and income will mean less goods and services and equilibrium levels of income and interest rates are positively related in the market for real money balances because an equilibrium in income and interest will lead to an increase in real money balances
Which fact-finding technique can be used to obtain information about a wide-range of topics, including workloads, reports received, job duties, difficulties, and opinions of how the job could be performed more efficiently?
Answer:
The correct answer is Questionnaries.
Explanation:
The questionnaires are a series of ordered questions, which seek to obtain information from the person who answers them, to serve the questioner or both parties.
The questionnaires are often used as an evaluation technique, or as a research guide, or also to carry out surveys, where questions are asked about certain “questions” that are to be found. They are widely used in education, in Psychology, in Sociology and in market studies.
The questions must be brief, open (free to express) closed (you must choose between preset alternatives) or by combining both; precise, numbered, unambiguous, unconditional, and written in terms of language and complexity, according to age and studies or knowledge that is supposed to have the questioned.
One of the diversity challenges managers have to deal with is that, in addition to differences in the employee groups that make up their staff, people are much more mobile in today's world. If an American manager, James, were to accept an assignment in Latin America, for example, he would need to be particularly aware of the _____________ of the workforce.
Answer:
cultural identity
Explanation:
According to my research on studies conducted by various sociologists, I can say that based on the information provided within the question he would need to be aware of the cultural identity of the workforce. In other words he would need to be accepted by the people in that workforce as well as James accepting them.
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Deadweight loss occurs when
a) producer surplus is greater than consumer surplus.
b) consumer surplus is reduced.
c) an inferior good is consumed.
d) the maximum level of total welfare is not achieved.
Answer:
d) the maximum level of total welfare is not achieved.
Explanation:
When the economic efficiency bears a loss, it is termed to be a deadweight loss. This condition occurs in the situation when the free market equilibrium is not able to be achieved. It occurs in the economy when the supply and the demand for the goods and services start to fall from being in the state of equilibrium. The resources allocated experiences a deficiency, thereby causing a deadweight loss.
Deadweight loss occurs when the maximum level of total welfare, which can be achieved through optimal production and consumption in a market, is not achieved due to disruptions to the equilibrium of supply and demand. It's not specifically about consumer or producer surplus being greater, or about the consumption of an inferior good.
Explanation:Deadweight loss occurs when d) the maximum level of total welfare is not achieved. In essence, deadweight loss refers to the inefficiency in the market. It happens when the supply and demand equilibrium is disturbed, causing less than optimal production and consumption. Essentially, it represents the missed potential for total welfare in a market which can be caused by factors such as taxes, subsidies, price ceilings or floors, etc.
For instance, when a tax is imposed on a good, it increases the price paid by buyers (reducing the consumer surplus) and reduces the price received by sellers (reducing the producer surplus). This meddling with the free market equilibrium results in lesser units of the good being traded than would be in a free market, leading to a deadweight loss.
So, it's not necessarily about one surplus being greater than another (options a, b), or about the consumption of an inferior good (option c).
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A grocery store is trying to find a new vendor for carrots. Its three criteria are: 1. Freshness, 2. Lot Size, and 3. Cost, with factor weights of .6, .1, and .3, respectively. What would a vendor with ratings of 6, 8, and 10 in the three respective categories score as a weighted total?
Answer:
7.4
Explanation:
Let
Wi= weighted factor
Xi = ratings
Then,
Weighted total ratings = Sum of (Xi*Wi) / Sum of Wi
We know that the weights W1 =0.6, W2= 0.1, W3 = 0.3
Ratings X1 = 6 , X2 = 8, X3 = 10
Total of weights = 0.6+0.1+0.3 = 1
Total ratings = 0.6*6 + 0.1*8 + 0.3*10 = 3.6 + 0.8 + 3 = 7.4
Rating Score = Total ratings/ total weights
= 7.4/ 1
= 7.4
A prevalence survey conducted from jan 1st through december 31st, 2005 identified 3,460 cases of asthma in a city of 50,000 persons. The incidence rate of asthma in this population is 8 per 10,000 persons each year. What percent of the 3,460 cases were newly diagnosed in 2005?
Answer:
Rate of ashma 2015 6,92%.
it is reduced as estimated in 1,08% over population
Explanation:
City 50.000,00
Cases of Ashma 3.460,00
Rate of ashma 2015 6,92%
Rate of ashma 8%
Popultaion 10.000,00
Estimate 800,00
Estimate cases of ashma 4.000,00
Justin is a sales executive at a manufacturing company. One of his clients who purchases products from him at a higher price than that quoted by competitors is facing financial problems. Since Justin's promotion depends on his achieving the sales target, he cannot decide whether he should inform his client about the lower prices its competitors are paying. Justin is facing a situation known as ________.
A. effectuation
B. social loafing
C. cognitive resonance
D. ethical dilemma.
Answer:
The correct answer is option D.
Explanation:
An ethical dilemma can be defined as a situation in the decision-making process in which whatever decision is chosen some ethical principle is being compromised.
Out of two moral choices, neither one is unambiguously preferable or acceptable. The situation becomes complex as choosing one alternative will lead to transgression of another.
Final answer:
Justin is facing an ethical dilemma, which is a conflict between two moral principles that makes it difficult to decide on the right action. This concept extends to complex business situations like potential company mergers, where ethical considerations must be balanced against practical business concerns.
Explanation:
Justin is facing a situation known as an ethical dilemma. This occurs when an individual is required to choose between two conflicting moral principles, making it difficult to decide what is the right course of action. In business, ethical dilemmas often arise when personal goals, such as meeting sales targets, conflict with the interests of clients or the overall ethical standards of the industry.
In a similar scenario, as a manager knowing about a possible company merger, the ethical obligation to inform your employees versus the risk of creating uncertainty and potentially derailing the merger presents a significant ethical dilemma. Managing ethical dilemmas requires a careful balance between transparency and discretion, and often involves considering the well-being of individuals affected by the decision, the potential consequences for the company, and the principles of honesty and integrity.
It is crucial to address ethical dilemmas responsibly because failing to manage them appropriately can lead to a variety of negative outcomes both for the individuals involved and for the organization as a whole, as noted in academic research and observed in various business contexts.
A cartoon in the text shows two people watching television. On the screen are the words "Economic growth indicators are up, led by car repairs, divorce costs, open-heart surgeries, and toxic waste cleanups." The cartoon illustrates the:
a) Difficulty in measuring social welfare.
b) Difference between GDP and national income.
c) Problem of measuring the difference in wealth between the United States and other nations.
d) Difference between GDP and NDP.
Final answer:
The cartoon illustrates the difficulty in measuring social welfare by showing economic growth indicators that may not reflect an improvement in well-being. Relying on GDP alone can be misleading when assessing social welfare. The correct option is a.
Explanation:
The cartoon in the text illustrates the difficulty in measuring social welfare. The statement on the television screen highlights economic growth indicators that may not necessarily reflect an improvement in social welfare. Car repairs, divorce costs, open-heart surgeries, and toxic waste cleanups, while contributing to GDP, do not directly measure the well-being of individuals or the overall quality of life.
The cartoon demonstrates that relying on GDP alone can be misleading when assessing social welfare. It implies that economic growth, as measured by GDP, may not always translate into an improved standard of living or overall societal well-being. Other factors like health, education, and environmental quality, which are not accounted for in GDP, should also be considered when evaluating social welfare.
Academic book publishers hire editors, designers, and production and marketing managers who help prepare books for publication. Because these employees work on several books simultaneously, the number of people the company hires will not go up and down with the quantity of books the company publishes during any particular year. The salaries and benefits of people in these job categories will be included in A. fixed cost but not variable cost and total cost. B. marginal cost and total cost but not fixed cost. C. fixed cost and marginal cost but not variable cost. D. fixed cost and total cost but not variable cost.
Answer:
The correct answer is option D.
Explanation:
Academic book publishers hire editors, designers, and production and marketing managers who help prepare books for publication.
These employees work on several books simultaneously so a change in quantity demanded of books published in a year.
Since the number of people employed is fixed and does not change with the quantity of output. The cost incurred on these workers will be fixed cost. So the salaries and benefits of people in these people will be included in fixed costs and total costs. But since it does not change with change in the output it will not be included in variable costs.
In a poll, 1,003 men in a country were asked whether they favor or oppose the use of "federal tax dollars to fund medical research using stem cells obtained from human embryos." Among the respondents, 48% said that they were in favor. Describe the statistical study.
Answer:
The population in the given statistical problem is all the men in the country and the sample selected for the given study is 1003 men. Out of these men, 48% of the men were in favor of this change and 52% of the men were against the use of federal tax dollars for funding medical research study. Hence, the response given by the men were taken as a base for this study.
Retail giant Target has an internal creative department that handles the design of its weekly circulars, direct-mail pieces, in-store displays, promotions, and other marketing materials. This is an example of an in-house agency. True or false?
Answer:
True
Explanation:
In House agency: The agency in the work is done in a house, not outside the housing agency. The outsourcing of the work is also not considered in the in house agency, as the work is done at the outside of the house, not at the inside of the house.
In the given situation, the internal creative department handles its work internally, So it is an example of an in house agency