Answer:
2. in the short run, as aggregate demand increases, unemployment is reduced.
Explanation:
The government misjudging the natural rate of unemployment to be much lower than it actually is, and thus undertaking expansionary fiscal and monetary policies to try to achieve the lower rate. These policies might at first succeed because in the short run, as aggregate demand increases, unemployment is reduced due to the expansionary policies.
Answer:
The answer is 2. in the short run, as aggregate demand increases, unemployment is reduced
Explanation:
As aggregate demand increases, more workers will be hired by firms in order to produce more output to meet the rising demand, and unemployment will decrease.
A well-known Hollywood actress owns a home in Beverly Hills and another one on the French Riviera. She owns her own movie production company along with a large portfolio of stocks. The total value of the different things she owns, minus her debts, is considered her
Answer:
Wealth
Explanation:
Wealth is defined as what one owns. This can include physical items like houses, cars, jewellery, and other personal property. It also includes assets in the financial sector such as stocks and bonds.
Wealth are.its that can be sold to gain cash. It is calculated as net assets less the amount that an individual owns.
By implication if a person owns large assets and owes a lot too, the amount of wealth he has will be small.
However if the debt he owes is small his wealth will be greater.
Answer:
Wealth
Explanation:
Wealth in economics can be defined as the total value of the different things an individual owns, such as land, assets, savings, stocks etc. minus her debts.
In this scenario, the Hollywood actress owns a home in Beverly Hills and another one on the French Riviera. She owns her own movie production company along with a large portfolio of stocks.
Suppose you purchase shares in acme gadget company for $10 per share. the company believes there is a 20 percent chance it will fail to earn a discounted future profit of $1.85. what is the expected rate of return on your investment?suppose you purchase shares in acme gadget company for $10 per share. the company believes there is a 20 percent chance it will fail to earn a discounted future profit of $1.85. what is the expected rate of return on your investment?
Answer:
B
Explanation:
Marvin and Pamela are married, file a joint return, and have two children, ages 9 and 11. Their combined AGI is $65,000. Marvin's earned income is $40,000; Pamela's is $25,000. They incur $6,500 of child care expenses to enable them to be employed during the current year. Their child and dependent care credit is _________.
A) $1,200.B) $1,300.C) $1,800.D) $6,000.
Answer:
The answer is B.
Explanation:
10. Which of the following statements is TRUE? a. Assume that Josie has had this credit card for a year. The A.P.R. on her card will remain the same as long as she has the card. b. If Josie misses a payment during the Introductory Period, her late payment fee will be waived for this period since she is a new customer. c. Assume that Josie only uses her credit card to make purchases. She pays the balance on her credit card in full and on time every month. As a result, she pays no interest to the credit card company. d. Josie pays an annual fee to use this credit card.
A credit card is a credit facility provided to the customers by a bank to make payments. Josie is required to pay an annual fee for its usage.
What is a Credit Card?It is a plastic card issued usually by a bank, which facilitates its customers in making payments without having the actual money in the bank account, but the amount needs to be paid back to the bank on the due date.
The credit card companies charge a nominal annual fee for their maintenance. so option (d) an annual fee payment done by Josie for using the credit card is True.
Therefore, option d is true in regard to Credit Card.
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Only statement c is true, as credit card companies do not usually charge interest fees if the user pays their balance in full every month. APR can change and late fees are typically not waived, while yearly fees depend on the specific card's policies.
Explanation:The TRUE statement here is letter c: Assume that Josie only uses her credit card to make purchases. She pays the balance on her credit card in full and on time every month. As a result, she pays no interest to the credit card company. This is because credit card companies do not usually charge interest fees if the user pays their balance in full and on time each month. However, the other statements can be false because credit card companies generally reserve the right to raise the APR on a card if it is not locked at a specific rate. Also, late fees are typically not waived, and whether or not a yearly fee is charged depends on the card company's policies.
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Marcus was asked to represent the cardiac unit as part of a Total Quality Management (TQM) initiative that is aimed at improving the overall quality of care at his hospital. Other departments, such as orthopedics, neurology, oncology, and pediatrics also have representatives on this team. This TQM team is an example of ________.
Answer:
a cross-functional team
Explanation:
A cross-functional team is an example of cross-department or a cross-cultural team. In the above example, the hospital has managed to design a team for the betterment of the hospital by gathering doctors from all the departments. It a cross-functional team because this team consists of the various department such as orthopaedics, neurology, oncology, and paediatrics.
Gertrude Kelp owns three boats that participate in commercial fishing for fresh Pacific salmon off the coast of Alaska. As part of her business she hires a captain and several crew members for each boat. In the market for fresh Pacific salmon, there are thousands of firms like Gertrude's. While Gertrude usually catches a significant number of fish each year, her contribution to the entire harvest of salmon is negligible relative to the size of the market. If the price of fresh Pacific salmon were to decrease significantly, it is most likely that Gertrude would:________.
A. hire more crew members.
B. reduce her demand for crew members.
C. become a seller in at least one factor market.
D. hire more boats.
Answer: B. reduce her demand for crew members.
Explanation: The fact that, in spite of Gertrude's significant harvest, it still has a negligible contribution to the salmon market highlights the competitiveness of the salmon market and as such Gertrude has no say or influence on the market market price of salmon.
Therefore, If the price of fresh pacific salmon were to decrease, Gertrude would most likely have to reduce it's demand for crew members so as to cut the variable cost of production(labor) , hence, stabilizing the difference in cost of production and revenue.
Last year, Sefton purchased 60 pounds of potatoes to feed his family of five when his household income was $30,000. This year, his household income fell to $20,000 and Sefton purchased 80 pounds of potatoes. All else constant, Sefton's income elasticity of demand for potatoes is A) positive, so Sefton considers potatoes to be a normal good and a necessity. B) positive, so Sefton considers potatoes to be an inferior good. C) negative, so Sefton considers potatoes to be a normal good. D) negative, so Sefton considers potatoes to be an inferior good.
Answer:
The answer is D.
Explanation:
Income elasticity of demand potatoes is negative. Potato is considered an inferior goods because demand for an inferior good decreases with an increase in income and increases with a decrease in income.
Last year when the income was $30,000, 60 pounds was consumed. It increased to 80 pounds when the income fell to $20,000.
A normal good will increase with an increase in income and decrease with a decrease in income.
Answer:
D) negative, so Sefton considers potatoes to be an inferior good.
Explanation:
the formula to calculate income elasticity of demand is:
income elasticity = % change in quantity demanded / % change in income
income elasticity = [(80 - 60) / 60] / [(20,000 - 30,000) / 30,000] = (20 / 60) / (-10,000 / 30,000) = 0.333 / -0.333 = -1
Since the income elasticity is negative, potatoes are an inferior good for Sefton. The quantity purchased of inferior goods increases as income decreases. On the other hand, normal goods have a positive income elasticity, since the quantity purchased increases as income increases.
is the percent change in quantity demanded divided by the percent change in income.
Toronto-based Mercedes-Benz Canada, with a network of 55 dealers, did not know enough about its customers. Dealers provided customer data to the company on an ad hoc basis. Mercedes did not force dealers to report this information. There was no real incentive for dealers to share information with the company. How could CRM and PRM systems help solve this problem?
Explanation:
Mercedes-Benz adopts a method where the dealers are the only contact with the customers and company has failed to communicate with the customers directly.
Customer Relationship Management (CRM) is a tool that can be utilized by the company for easier day to day work. The information can be kept up to date which is easy to import, export and apply statistics to find information. The information can be accessed by Mercedes from anywhere. It helps to connect with the customers.
Another tool Partner Relationship Management (PRM) is used to connect with partners. The tasks can be scheduled and performance can be managed. Information and report details can be shared with the help of CRM and PRM from dealers and partners with Mercedes.
Final answer:
CRM and PRM systems can assist by managing customer interactions effectively and facilitating communication between the company and its dealers.
Explanation:
CRM (Customer Relationship Management) and PRM (Partner Relationship Management) systems can help solve the problem faced by Mercedes-Benz Canada by providing a structured platform for collecting, analyzing, and utilizing customer data effectively. CRM systems focus on managing customer interactions and data, helping the company understand its customers better. On the other hand, PRM systems can facilitate communication and data sharing between the company and its network of dealers, creating incentives for dealers to report information.
Suppose the manager agrees to pay each employee a $50 bonus if they meet a certain goal. on a typical saturday, the oil-change facility will perform 35 oil changes between 10
a.m. and 12 p.m. treating this as a random sample, at what mean oil-change time would there be a 10% chance of being at or below? this will be the goal established by the manager.
Answer:
Incomplete question
First aspect of the question is typed below.
The shape of the distribution of the time required to get an oil change at a 20-minute oil-change facility
is unknown. However, records indicate that the mean time is 2l.2-minutes, and the standard deviation 3.5 minutes.
Explanation:
Employees bonus $50
35 oil changes between 10:00 am to 12:00pm
n = 35
10% changes
So, the z - score can be calculated using
z-score = InvNorm(0.10)
z-score = -1.28
So, given that,
Standard deviation is 3.5minutes
σ = 3.5 minutes
Mean time is 21.2 minutes
μx = 21.2 minutes
Then,
σx = σ / √n
σx = 3.5 / √35
σx = 0.5916 minutes
Then, Z score can be written as
Z = (x - μx) / σx
-1.28 = (x - 21.2) / 0.5916
Cross multiply
-1.28 × 0.5916 = x - 21.2
-0.7573 = x - 21.2
x = 21.2 - 0.7573
x = 20.443 minutes
There is a 10% chance of being at or below a mean oil-change time of 20.44 minutes
An organization decides to ask three advertising agencies to pitch a proposal to handle the organization's business, instead of asking all of the advertising agencies in the city where this organization's headquarters is located to pitch the account. What type of decision does this represent?
Answer: Satisficing
Explanation:
The satisficing is one of the type of decision making process in which the it helps in making various types of effective decisions in an organization for the purpose of increase the profit and productivity of the company.
The main objective of satisficing approach is to form of the satisfactory or the ideal results as it helps in maintaining the growth of an organization.
According to the given question, the sacrificing is one of the type of decision that basically representing the given scenario an organization. Therefore, Satisficing is the correct answer.
The organization's choice to invite only three advertising agencies for a proposal reflects a tactical decision focused on how to implement the strategic goals of the organization and efficient resource management. It shows a balance between decision management and control, reflective of good governance. This also represents a nonprogrammed decision involving careful consideration of new information and alternatives.
The decision made by the organization to ask only three advertising agencies for proposals instead of all the agencies in the city is an example of a tactical decision. This kind of decision is about how things will get done and is focused on the implementation of broader strategic goals of the organization. By selectively approaching agencies, the organization is managing resources efficiently and making a concerted effort to choose a partner that aligns closely with its strategic ambitions. This kind of decision management helps in effectively allocating capital, labor, and ensures that the resources are directed towards appropriate users.
It is indicative of the organization's governance structure and demonstrates an approach similar to decision management and decision control where the latter involves monitoring and rewarding the performance of the decision made. This balance ensures that the organization chooses what is best for itself rather than what may be best for individual members or departments. In the context of centralized or decentralized decision-making, this approach seems to be a middle ground, avoiding the inefficiencies of extreme centralization and the lack of unified strategy that can come with extreme decentralization.
Now, suppose that, rather than immediately lending out all excess reserves, banks begin holding some excess reserves due to uncertain economic conditions. Specifically, banks increase the percentage of deposits held as reserves from 10% to 25%. This increase in the reserve ratio causes the money multiplier to to . Under these conditions, the Fed would need to $ worth of U.S. government bonds in order to increase the money supply by $200.
Answer:
In order to increase money supply by $200 ,Fed would have to buy U.S government bonds worth of $50
Explanation:
Initially:
Reserve requirement = 10% or 0.10
Simple money multiplier = 1/RR = 1/0.10 = 10
Increase in money supply = Increase in total reserves* Simple money multiplier
Increase in money supply is $200
$200=increase in total reserves *10
increase in total reserves=$200/10
=$20
However, since the the the percentage of deposits held as reserves has increased to 25%,the amount Fed would need to invest in U.S government bonds would increase accordingly:
reserve requirement=25% or 0.25
Simple money multiplier =1/IRR=1/0.25=4
crease in money supply = Increase in total reserves* Simple money multiplier
Increase in money supply is $200
$200=increase in total reserves *4
increase in total reserves=$200/4
=$50
Increase in total reserves of $50 implies that Fed has to make $50 to the banks under it by buying U.S government of $50
The General Fund reported a beginning balance of inventory of materials and supplies of $122,000. The ending balance was $150,000. Supplies purchased during the year totaled $600,000. The county uses the consumption method. The General Fund should report expenditures for materials and supplies for the year of:_________.A. $ 450,000 B. $ 572,000 C. $ 600,000 D. $ 628,000
Answer:
$572,000
Explanation:
Consumption refers to the utilization of goods and services. Consumption results in customer satisfaction. In accounting for inventory, the consumption approach considers only the products that have been consumed in a particular period.
The applicable formula is
consumption = beginning inventory + purchases - ending inventory
For general fund
Beginning inventory = $122,000
Purchases=$600,000
Ending balance = $150,000
Consumption = $122,000 + $600,000 - $150,000
consumption = $722,000-$150,000
=$572,000
A bank's balance sheet
A) shows that total assets equal total liabilities plus equity capital.
B) lists sources and uses of bank funds.
C) indicates whether or not the bank is profitable.
D) does all of the above.
E) does only A and B of the above.
Answer:
C) indicates whether or not the bank is profitable.
Explanation:
f an agent indulges in commingling, she _____. Select one: a. most likely will not be liable for loss to the principal b. violates the prohibition against dual agency c. will not be liable for any loss to the principal if the property is not wrongfully used d. bears the risk of any loss to the principal
Answer:Option D
Explanation:
Commingling means the money of various investors are pooled together to trade with securities. This is usually done by the agents who acts as the investment managers they collect money from various investors and put it together as single fund. The advantages of this method are the fees is lower.
Some people indulge in illegal activities of combining investors money with their personal money. This helps the agents to invest large funds by pooling in funds. Any risk on the principal amount has to be borne by the agent.
In Benny v. City Car Dealership, a state supreme court held that a minor could cancel a contract for the sale of a car. Now a trial court in the same state is deciding Dora v. Even Steven Auto Deals, Inc., a case with similar facts. Under the doctrine of stare decisis, the trial court is likely to ___________.
A: allow the minor to cancel the contract.B: disregard the Benny case.C: order the minor to cancel the contract.D: require the minor to fulfill the contract.
Answer:
A
Explanation:
Allow the minor to cancel the contract
CORRECT ANSWER:
A-allow the minor to cancel the contract
STEP-BY-STEP EXPLANATION:
THE AMERICAN LAW REGISTER.
DECEMBER 1886.
THE PRINCIPLE OF STARE DECISIS
In Benny v. City Car Dealership, a state supreme court held that a minor could cancel a contract for the sale of a car. Now a trial court in the same state is deciding Dora v. Even Steven Auto Deals, Inc., a case with similar facts. Under the doctrine of stare decisis, the trial court is likely to allow the minor to cancel the contract
Lee operates injection molding machines on a regular basis. He is responsible for observing meters to verify press-cycle times, pressures, and specified temperatures and getting the final product ready. In the context of organizational authority, which of the following functions does Lee most likely perform?
A) Line functionB) Staff functionC) Support functionD) Advisory function
Answer:
A
Explanation:
Line Function
After AT&T was split up by government litigation into a number of different entities (i.e., local phone companies, a long-distance phone company, and a phone equipment manufacturer), what was the impact on competition in the phone market?
Answer:
increase in competition leading to greater innovation, more services, and lower prices
Explanation:
Based on the scenario being described within the question it can be said that the impact was an increase in competition leading to greater innovation, more services, and lower prices. This most likely happened because by not controlling all aspects of a market it gave room for other company's to compete in individual sectors of that market.
Answer: See explanation below for answer.
Explanation: AT&T Inc. is an American multinational conglomerate holding company, with its headquarters at Whitacre Tower in Downtown Dallas, Texas.
The acronym AT&T stands for American Telephone and Telegragh. The company is known as the largest telecommunications company in the world, the largest provider of mobile telephone services in the United States, and it also provides the largest fixed telephone services in the United States through its subsidiary AT&T Communications.
A split up of such a company as large as this will result in an increase in competition which will lead to greater innovation by competitors, it will lead to more services, and it will further lower prices of products and services.
A perpetual inventory system: a) Requires a computer system to handle all of the transactions. b) Updates the inventory balances every period (say every week). c) Tracks inventory balances with every receipt and every withdrawal of inventory. d) Updates inventory balances almost every second of every day.
Answer:
In this case, the correct answer would be option c) given in the answer options or Tracks inventory balances with every receipt and every withdrawal of inventory.Explanation:
In Accounting and Economics, perpetual inventory system involves the calculation or updation of the inventory count or record for every individual individual inventory transaction.Whenever a good is withdrawn or purchased from the inventory or dded to the inventory for later purchase or consumption, it is immediately recorded or updated under a perpetual inventory system.Hence, perpetual inventory system requires the updates of the inventory record or count immediately after any good is purchased, sold or added into the inventory.The final sale of any good from the inventory is recorded as a sales revenue for the concerned firm or company and any purchase of any good by the company for future sale which is added into the inventory is generally recorded as the cost of goods sold account.In its first month of operations, Sunland Company made three purchases of merchandise in the following sequence: (1) 200 units at $7, (2) 540 units at $8, and (3) 125 units at $9. Calculate the weighted-average unit cost.
The weighted-average unit cost is found by calculating the total cost of the items, and then dividing by the total number of units. The steps involve multiplying the number of units by their respective costs, adding these together to get a total cost, and then dividing this by the total number of units.
Explanation:The question is asking you to calculate the weighted-average unit cost. The weighted average cost is found by taking the total cost of items and dividing by the number of items. Specifically, for Sunland Company in its first month of operation, it made three purchases of merchandise:
200 units at $7, 540 units at $8, and 125 units at $9.
So, to find the total cost of the purchases, we have:
(200 units * $7) + (540 units * $8) + (125 units * $9)
Next, we calculate the total quantity of units, which is:
200 units + 540 units + 125 units
The weighted-average unit cost is then calculated by dividing the total cost by the total quantity of units.
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The weighted-average unit cost for Sunland Company's merchandise is $7.91 per unit, calculated by totaling the cost of all purchases ($6845), dividing it by the total units purchased (865 units).
The subject of this question is Business, as it involves calculating the weighted-average unit cost for inventory, which is a common task in accounting and finance. The student is in College based on the level of the question.
To calculate the weighted-average unit cost of the merchandise purchased by Sunland Company, you need to first calculate the total cost of all units purchased and then divide by the total number of units purchased. Here's the step-by-step calculation:
Multiply the number of units purchased by the unit cost for each of the three purchases:200 units \\times $7/unit = $1400540 units \\times $8/unit = $4320125 units \\times $9/unit = $1125Add up the total cost of all units purchased:Total Cost = $1400 + $4320 + $1125 = $6845Add up the total number of units purchased:Total Units = 200 + 540 + 125 = 865 unitsDivide the total cost by the total number of units to get the weighted-average unit cost:Weighted-Average Unit Cost = $6845 / 865 units = $7.91/unit (rounded up to two decimal places)Therefore, the weighted-average unit cost for Sunland Company's merchandise is $7.91 per unit.
Pay for knowledge programs:
A. give employees real and psychological ownership in the organization.
B. incorporate high-level motivators into the work, including job responsibility.
C. link at least a portion of employees’ monetary rewards to results or accomplishments.
D. base an employee’s salary on the number of task skills he or she possesses.
Answer:
D. base an employee's salary on the number of task skills he or she possesses.
Explanation:
Pay for knowledge programme as the name implies, is when an employer renumerate an employee for learning or developing new skills/task on the job.
If an employee develop new skills while working and then get renumerated, this will make the employee get himself or herself acquainted with the company. In order words, the employee will go out of his way to improve his efficiency in terms of increase in productivity due to the new task skill gained.
In this reward system, the employer rewards the employee with payment increase for leaning new task and skills on the job which is beyond their regular activity.
Select the correct answer.
What is Jill actually doing when she makes a note of trade ideas that strike her every now and then?
Answer:
A
Explanation:
trust me it is
Answer:
:A
Explanation:
it is what it is
Given your understanding of the marketing discipline (analyzing the situation through the 3cs, developing marketing strategy through stp, and executing a marketing program through the 4ps), she has asked you to identify at least five potential areas to conduct marketing research.
Answer:
Explanation:
1.Price: check if our price is still within the range of what our customers can afford or budget for.
2.Promotion: Does our customers or potential customers still view our advertisements.
3.Product: is our product still relevant and up to date when it comes to services and software.
4.Customers: Talk about our target audience, is there any change?
5.Competition: what are our competitors doing, why do customers prefer them to us
When analyzing the pay scale of her staff, Nanci saw that several equivalent positions in the department were paid at various rates. She felt that they needed to be balanced. Which aspect of equity theory is Nanci taking into consideration?
Answer:outputs
Explanation:
Final answer:
Nanci is taking into consideration the aspect of equity theory that focuses on balancing pay rates for equivalent positions in the department.
Explanation:
When analyzing the pay scale of her staff, Nanci is taking into consideration the aspect of equity theory that focuses on balancing pay rates for equivalent positions in the department. This aspect of equity theory emphasizes the importance of fairness and equal treatment in terms of pay. Nanci wants to ensure that employees in equivalent positions are paid at similar rates to promote a sense of fairness and equity within the organization.
Riverside Fertilizer Co. owns the following assets at the balance sheet date: Cash in the bank—savings account $ 8,000 Cash on hand 1,100 Cash refund due from the IRS 1,000 Checking account balance 12,000 Postdated checks 500
What amount should be reported as Cash in the balance sheet?
Answer:
The correct answer is $21,100.
Explanation:
According to the scenario, computation of the given data are as follows:
We can calculate the reported cash amount by using following formula:
Reported cash amount = Cash in bank + Cash on hand + Checking Account balance
Where,Cash in bank - savings account = $8,000
Cash on hand = $1,100
Checking Account balance = $12,000
So, Reported cash amount = $8,000 + $1,100 + $12,000
Reported cash amount = $21,100
The residents of Enumclaw, Washington, live in the shadow of majestic Mount Rainier and its 26 glaciers. The Cascades form a ring of fire around the Pacific Northwest and erupt with surprising regularity, although Mount Rainier hasn't erupted on a major scale since about a thousand years ago. When it does erupt, the pyroclastic flow (a massive cloud of superheated ash and rock up to 1500 degrees Fahrenheit that can travel at speeds up to 300 miles per hour) will make Enumclaw a less pleasant place to live. City leaders have completed the:________.
A) Control and documentation phase of risk management.
B) Risk identification phase of risk management.
C) Analysis of probability and consequences phase of risk management.
D) Risk mitigation strategies phase of risk management.
Answer:
C). Analysis of probability and consequences phase of risk management.
Explanation:
Risk management is one of the crucial process for an organization as it involves the identification, evaluation, and management of the risks or threats that may affect the profitability or the capital.
The given details display that the city leaders have accomplished the 'analysis of the likelihood and the repercussions stage of risk management' as it assesses the potential threat of 'eruption of Mount Rainier which hasn't erupted...since about a thousand years ago' and consequences associated with it('a massive cloud of super-heated ash and rock...live'). Therefore, option C is the correct answer.
Ralph makes it a point to always offer help in technical areas in which he is skilled and knowledgeable. His subordinates trust his judgment, and form one of the most productive units in the company. What type of power is Ralph exerting?
Answer: Expert power
Explanation:
Expert power is the ability to influence people through special expertise. Expert power is the capacity to direct and influence people's behaviour because the people recognise and acknowledge ones skills, knowledge, and understanding.
Expert power has to be earned and it requires a great deal of focus and energy to maintain. Expert power usually lasts long and more rewarding than other forms of power.
You are a senior analyst in the marketing research department of a major steel producer. You have been requested to make a forecast of domestic automobile production for the forthcoming calendar year in order to predict the total tonnage of steel that will be used by the automobile manufacturers. This is PRIMARILY a(n):____________
Answer:
descriptive study.
Explanation:
Descriptive study is designed to explain the distribution of one or more variables in relation to any cause or other hypothesis. Descriptive studies can be of many types, such as case reports, case series, cross-sectional studies and ecological studies. In the first three of these, data is collected on individuals, the last using data collected for the group. Descriptive research is used to describe the characteristics of the study of a population or event.Epic Inc., a firm that produces chairs for offices, uses comparative advertising to inform the consumers that its products offer the same features and quality as the competitor's. This is an example of a(n) ________ attack.
A) guerilla
B) frontal
C) encirclement
D) bypass
E) flank
Answer:
This is an example of a(n) frontal attack.
B) frontal
Suppose Max values a concert ticket at $45. Charles values the same concert ticket at $40. The pre-tax price of a concert ticket is $30. The government imposes a tax of $5 on each concert ticket, and the price rises to $35. The deadweight loss from the tax is _________.
a. $15.b. $10.c. $5.d. $0.
Answer:
$10
Explanation:
Deadweight loss of tax is the loss in economic efficiency as a result of tax. It is the reduction in consumer and producer surplus as a result of tax.
Before the tax, consumer surplus :
For max = $45 - $30 = $15
For Charles = $40 - $30 = $10
Total consumer surplus = $25
After the tax, consumer surplus -
For Max = $45 - $35 = $10
For Charles = $40 - $35 = $5
Total consumer surplus = $15
Loss in consumer surplus = $25 - $15 = $10
I hope my answer helps you
Answer:
D) $0.
Explanation:
A deadweight loss refers to the loss of total economic efficiency due to a tax or a binding price ceiling or price floor. It is represented by the loss of economic surplus (both supplier and consumer surplus) due to a lower quantity sold.
In this case, the tax raised the price of the concert tickets to $35, from $30 which was the previous price. But that $35 is still lower than what max and Charles were willing to pay for the tickets, so they will still go to the concert. So the quantity sold (2) wasn't affected by the tax, so there is no deadweight loss.
The goal of logistics is to provide a targeted level of service at the least or lowest possible cost. To achieve this​ goal
Answer:
Warehousing, inventory management, transportation, and logistics information management
Explanation:
Logistics is the process of acquiring resources, planning, executing the cost effective transportation and storage of goods from the point of origin to the point of consumption in a timely and efficient manner.
The goal of logistics is to provide a targeted level of service at the least or lowest possible cost and to achieve this you consider the following;
- Warehousing.
- Inventory management.
- Transportation.
- Logistics information management.