Answer:
The answer in this case,would be Evolving Sexual Philosophy.Explanation:
As any individual moves from adolescence to adulthood, he or she experiences a profound and intensive psychological and emotional transformation.Moving to adulthood also implies certain changes or modification in the decision making processes or mechanisms and cognitive and discretionary principles of an individual.As advocated by Evolving Sexual Theory of Philosophy,compared to adolescence, the decision making and discretionary processes and procedures of any individual involves more of personal choices,preferences,mindsets and thought processes. This can also be biologically driven by certain hormonal and physical changes in the individual.The adolescent mind is primarily driven various moral and ethical standards that are taught by or acquired from the surrounding environment. However, certain intensive changes in the hormonal functioning,sexual evolution and psychological,emotional and cognitive maturity develops personal judgments and principles which eventually dictates the decision making procedures during the adulthood phase.The process of reevaluating moral standards during the transition from adolescence to adulthood, eventually basing moral judgement on personal principles rather than authority or societal norms, is a depiction of the post-conventional stage in Kohlberg's Theory of Moral Development.
Explanation:When individuals transition from adolescence to adulthood and begin to develop their own personal moral standards, they are moving through stages in what is known as Kohlberg's Theory of Moral Development. This theory is comprised of three main levels: pre-conventional, conventional, and post-conventional moral reasoning. As we grow and mature, we theoretically progress through these stages.
When children are very young (pre-conventional stage), their morality is mostly influenced by authority figures and fear of punishment. As they age and move into adolescence (conventional stage), their moral decisions start to be influenced by societal norms and the desire to meet expectations. Upon reaching adulthood (post-conventional stage), individuals ideally start to base their moral choices on their own personal principles and ethical standards, which may not always align with societal norms.
It's important to remember, as Lawrence Kohlberg himself emphasized, that an individual may not solely operate at one level at all times. They may make some decisions based on personal principles (post-conventional), while still making other decisions based on societal expectations (conventional).
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A domestic corporation considering expanding into international markets for the first time will typically
Answer:
They'll consider implementing a low risk/low control strategy such as exporting.
Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 98,000 units, 80% complete as to materials and 20% complete as to conversion. Units started and completed: 268,000. Units completed and transferred out: 366,000. Ending Inventory: 39,000 units, 30% complete as to materials and 15% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $55,200. Costs in beginning Work in Process - Conversion: $97,700. Costs incurred in October - Direct Materials: $844,050. Costs incurred in October - Conversion: $937,300. Calculate the cost per equivalent unit of materials.
Answer:
Cost per equivalent unit Materials = $ 2.82
Cost per equivalent unit Conversion = $2.65
Explanation:
Richards Corporation
1) We first calculate the fifo equivalent units .
FIFO Equivalent units can be calculated by the following.
Particulars Units % of Completion Equivalent Units
Mat. Con. Costs Materials C. Costs
Transferred out, 366,000 100 100 366,000 366,000
Ending inventory, 39,000 30 15 11700 5850
Total Weighted Equivalent Units 377,700 371,850
Less
Beginning Inventory: 98,000, 80% 20% 78,400 18000
FIFO Equivalent Units 299,300 353,850
2) We calculate the total costs
Direct Materials Conversion
Costs in beginning Work in Process -$55,200 $97,700
Costs incurred in October - $844,050 $937,300.
Total Cost $ 899250 1035,000
3) In FIFO The cost per unit is based only on the current costs and current period unit productions.
Materials = $844050/299300= $2.82
Conversion = 937,300 / 353,850 = 2.6488= $2.65
Economic growth will reduce the future real GDP of an economy. expand the production possibilities of an economy. increase an economy's nominal income, but not its real income. increase real output, but the real income level of the country will decline.
Answer:
The correct option is B. expand the production possibilities of an economy.
Explanation:
Economic growth can be defined as the increase in an economy's production of economic goods and services, often compared from one period of time to another. It can be measured in any of the following:
Nominal or real (adjusted for inflation) terms. Gross National Product (GNP) Gross Domestic Product (GDP), etc.Contributors to economic growth include:
Increases in capital goods.Increase in labor force. Technology. Human capital.In simplest terms therefore, economic growth is used to refer to an increase in the aggregate production in an economy.
Why are creditors harmed by unexpected inflation? a. Creditors receive lower nominal rates of interest when prices rise. b. Creditors are paid back with more valuable dollars. c. Creditors receive higher nominal rates of interest when prices rise. d. Creditors are paid back money with less spending power than when it was originally loaned out.
Answer:
d. Creditors are paid back money with less spending power than when it was originally loaned out.
Explanation:
Creditors are the entities to whom people or firms owe money. Eg : If A owes money to B, B is A's creditor.
Inflation is the rise in price level. It implies the same money has less purchasing (spending) power, due to price rise.
Normal Inflation is accounted by the creditors as the interest, which is added to the principal value of loaned amount, at the time of repayment.
However, unexpected inflation : It implies that creditors are repaid back money in the time, when that money has less purchasing power than the time when it had been lent. And, this unexpected fall in value of money is not accommodated into the interest rates also (since it was unexpected)
Which of the following sources of candidates for job openings is relatively inexpensive and helps build employee morale? 1. executive search firms. 2. current employees. 3. public employment agencies. 4. colleges and universities. 5. newspaper advertisements.
Answer:
2. current employees.
Explanation:
The easiest and inexpensive method for the sourcing the right candidates for the job is through the current employee's selection which is an internal approach to recruitment and also helps to build an employee moral. This method has its advantages as a high internal mobility, provides a carriers development opportunity and is low risk and high in terms of trust and saves time and is a flexible approach to management.Awareness by top managers of the existence of external investors in the form of individuals (e.g., Carl Icahn) and groups (e.g., hedge funds) often positively influences them to align their interests with the firm's shareholders. Group of answer choices False True
Answer:
True
Explanation:
Awareness by top managers of the existence of external investors in the form of individuals (e.g., Carl Icahn) and groups (e.g., hedge funds) often positively influences them to align their interests with the firm's shareholders.
A leading smart phone manufacturer wants to maintain a core team to design its products, but wants to use a contract manufacturer in Singapore to handle production according to its specifications. The organization in this situation should use _______ strategy.
Answer:
The correct word for the blank space is: outsoucing.
Explanation:
Outsourcing is an approach by which companies take part of their operations to a different country in an attempt to cut materials costs and labor hand benefits. It is a strategy also used at the moment of bypassing governmental production regulations. The disadvantages of outsourcing are the loss of direct control over quality standards of manufacturing and to take away job opportunities in the entity's domestic country.
An Illinois state statute requires amusement parks to maintain equipment in certain conditionfor the protection of patrons. Jasperâs Fun Park fails to maintain its equipment. Kaitlin, apatron, is thereby injured. Jasperâs committedA) assault.B) battery.C) false imprisonment.D) negligence.
Answer:
The answer is negligence (option D)
Explanation:
Negligence in law terms describes the failure to follow standards of established behavior that protects people against unreasonable risks. In other words, negligence describes the situation whereby a person, an organization or company acts in a careless (or "negligent") manner that results in the damage of properties or someone sustaining an injury.
Kaitlin wouldn't have been injured if Jasper Fun Park had met Illinois state statute requirement for equipment maintenance in amusement parks. Thus, it can be concluded that Jasper Fun Park acted in negligence.
If financial markets were inefficient,
A) all investors would outperform the stock market
B) prices would indicate the proper valuation of securities
C) prices would adjust rapidly
D) some investors may consistently outperform the market
Employees at Border Bookstores, a chain of bookstores, recently held a strike to force their employer to negotiate a labor contract. They demanded higher wages and eight sick leaves in a year instead of the three that they were given. In this context, the _____ gave the employees of Border Bookstores the power to collectively bargain with the organization.
The question is incomplete, it lacks options.
A) Norris La Guardia Act
B) National Labor Relations Act
C) Occupational Safety and Health Act
D) Fair Labor Standard Act
Answer:
National Labor Relations Act
Explanation:
The National Labor Relations Act was enacted in 1935. It is also known as the Wagner Act. This law enacted to enable employees in various organizations to organize different forms of trade union and collectively bargain with their employers.
The National Labor Relation Acts enables employees to bargain for an increase in salary, better working conditions such a provision of safety equipments for workers in a work environment.
Answer:
National Labour Relations Act.
Explanation:
This labour relations act was said to come in place in the year 1935. It could sometimes called the Wagner Act after its chief sponsor, Sen. Robert F. Wagner.
It is the principal federal law governing the operation and organizing of labor unions in the private sector and their relations with management representatives. It was part of President Franklin Roosevelt’s New Deal economic central planning programs, the law replaced the labor-management relations provisions of the National Industrial Recovery Act.
________ is the process by which a firm gradually changes in response to global competition; domestic market saturation; and the desire for expansion, new markets, and diversification. Grupo de opciones de respuesta Internationalization Segregation Segmentation Integration
Answer:
Internationalization
Explanation:
Internationalization is a strategy employed by corporate organizations, to making its products adapt to domestic market, global competition and the desire for expansion.
In internalization, the experience of people with technical expertise and those with international experience are required.
When a product that will be used by people with different languages are launched, such would go through internalization in order to confirm with their local culture.
Example is hard ware device. Producers must know that not all device are available in all countries.
A clothing manufacturer has the marginal profit function mp(x) = 40 − 0.02 x , 0≤ x≤ 100 (in dollars per suits), where x is the number of suits produced and sold each week. the initial profit is mp(0) = −200 . due to the fixed costs. using a definite integral, it is determined that the total profit from producing and selling 80 suits is
Answer:
2990.46$
Explanation:
The explanation is shown in the picture attached
The total profit for a manufacturing company can be calculated by integrating the marginal profit function from 0 to the given quantity of units sold. In this case, to find the total profit from producing and selling 80 suits, we integrate the function mp(x) = 40 - 0.02x from 0 to 80. Fixed costs are also taken into consideration to optimize profit.
Explanation:The subject of this question is the computation of profit given a marginal profit function and a specified output level. In the example provided, a clothing manufacturer's marginal profit function is given as mp(x) = 40 - 0.02x. The profit-maximizing level of output is determined by the intersection of Marginal Revenue (MR) and Marginal Cost (MC). In this particular case, MR and MC intersect at a quantity of 40.
The problem specifies that the company's initial profit is mp(0) = -200 due to fixed costs. If the manufacturer produces and sells 80 suits, we would calculate that by integrating the function mp(x) from 0 to 80.
Remember, when calculating the total profit, one needs to account for both the variable profits (calculated from the marginal profit function) and the fixed costs. This allows us to maximize profit by finding the optimal number of suits to produce and sell, taking into account both fixed and variable costs.
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During executing, a member of the project comes to the project manager because she is not sure of what work needs to accomplish on the project. Which of the following documents contain detailed descriptions of work packages?
A. WBS dictionary
B. Activity list
C. Project scope statement
D. Scope management pla
Answer:
A. WBS dictionary
Explanation:
The WBS (Work breakdown structure) dictionary defines as document which provide detailed information on each element in the WBS. Therefore, description of the work packages are in the WBS dictionary, it also include cost, quality, deliverables, activities, scope and control account. WBS element is a bucket where all the activities belonging to a specific part of the project are captured.
In the given case, the team member can check the WBS dictionary for detailed descriptions of work packages, which will help her to know what work needs to accomplish on the project.
Jean, a restaurant critic, publishes a review in a national daily that the sandwiches served at his friend's deli are usually not fresh. Tom, the owner of the deli, notices a significant decrease in customers after the review gets published. Although the statement made by Jean in his review is true, Tom wants to sue Jean. Can Tom recover from Jean for defamation?
Answer:
No.
Explanation:
Defamation is not a crime by its definition, but rather a tort or a civil wrong. Written defamation is called a label and is referred to a statement that can hurt someone's reputation. In order to prove the existence of defamation, several things need to be verified:
statement is publishedstatement is falsestatement is injuriousstatement must be unprivilegedThe last one of these assumes that under some circumstances, victim cannot submit an appeal, even if it is possible to prove that the statement is false. This is the case with for instance witnesses in court, who cannot be sued for false testimony, due to freedom of speech, but can be prosecuted for perjury. In our case, three of four conditions necessary for sue to be made are fulfilled. The second one is not, therefore Tom cannot sue Jean for defamation.
Waterway Company owns 30% interest in the stock of Pharoah Corporation. During the year, Pharoah pays $21000 in dividends to Waterway, and reports $315000 in net income. Waterway Company’s investment in Pharoah will increase Waterways net income by
Answer:
net income increases by $94,500
Explanation:
The journal records to record this transaction should be:
Dr Cash 21,000
Cr Investment in Pharoah Corporation 21,000
Dr Investment in Pharoah Corporation 94,500 (= $315,000 x 30%)
Cr Revenue from Pharoah investment 94,500
When a company uses the equity method, dividends are not considered income, they actually the investment account. Revenue is recognized only when the corporation generates a positive net income.
the chart shows a production possibilities schedule for Sabrina's Soccer how much profit does the company make from producing and selling four soccer nets?
$51
$80
$109
$137
An amount of $109 is the profit that the company makes from producing and selling four soccer nets.
What is a production possibilities schedule?The production possibilities schedule is a table of numbers that illustrates the production possibilities of an economy
Here, the table shows that the amount of $109 is the profit that the company makes from producing and selling four soccer nets.
Therefore, the Option C is correct.
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Answer: $109
Explanation: got it right on edge
Bob contracts with Ace Plumbing, Inc., to pay $700 over a six-month period for its services. After Ace performs, they sign an accord, in which Bob promises to pay Ace $500 next week in lieu of the $700. Bob does not pay the $500. Ace can bring an action against Bob based on________.
Answer:
either the accord or the original contract.
Explanation:
Bob and Ace plumbing have made a contract and even signed an accord, hence either the accord or the original contract can be used by Ace to bring an action against Bob.
Doreen, a project manager, has been given a limited amount of money to run the new marketing campaign. She was also told that the client wants the campaign ready to roll out in less than two weeks. Doreen is feeling very limited by these constraints and is not sure that it will produce her team's best work. Her supervisor and career mentor, tells Doreen that she is __________.A. feeling the effects of the intuition model.
B. being unrealistic with the time frames and money given to her.
C. affected by bounded rationality.
D. using rational decision making.
E. experiencing satisficing.
Answer:
affected by bounded rationality.
Explanation:
Bounded rationality is a situation where decision making of an individual rationality is limited by the amount of information that the individual has, cognitive limitations, and finite time.
Doreen has been give two weeks to run a new marketing campaign for a client. She is feeling limited by time constraints and so she is being affected by bounded rationality.
Bounded rationality tends to limit the potential of a person to perform good work. They are cautious in carrying out tasks.
Suppose that ward was an independent consultant for taser international, as well as for several other firms that developed products for police departments. would he have been subject to the same duties that full-time taser employees have with respect to their employer (the principal)? a. yes, because even if one is an independent contractor (consultant), one has the same duties to the employer that full-time employees have. b. probably not, although most of the duties agents owe to their principals could apply, such the duty to maintain confidentiality. c. yes, because independent contractors are not allowed to develop any new products based on their general knowledge of the industry.
Answer:
b. probably not, although most of the duties agents owe to their principals could apply, such the duty to maintain confidentiality.
Explanation:
Ward may probably not have been subjected to the same duties that full-time taser employees have with respect to their employer (the principal), although most of the duties agents owe to their principals could apply to him, such as the duty to maintain confidentiality.
Thus, Ward is required by rules and regulations of Taser international to always maintain confidentiality in his operations without divulging sensitive information to other people.
Chocolate Supreme purchased new baking equipment for $15,000 subject to terms 4/10, n/45. The discount was taken. Additional costs included $900 in sales tax and $300 for installation. The total cost to be added to the machinery account is
Answer:
Cost of machine =$ 15600
Explanation:
According to International Accounting standards (IAS) 16 property plan and equipment (PPE), the cost of an asset is the purchase cost plus other costs of bringing it to the intended working conditions.
So we will add the purchase cost to the cost of delivery, tax and installation.
Note the discount is 4%
The purchase cost less discount = (100-4)% × 15,000= $14,400
The cost of the equipment = $14,400 + 900 + 300
=$ 15,600
During august, boxer company sells $361,000 in merchandise that has a one year warranty. experience shows that warranty expenses average about 5% of the selling price. the warranty liability account has a credit balance of $12,300 before adjustment. customers returned merchandise for warranty repairs during the month that used $8,900 in parts for repairs. the entry to record the estimated warranty expense for the month is:
Answer:
Debit Warranty Expense with $18,050; and credit Estimated Warranty Liability with $18,050.
Explanation:
Estimated warranty expenses = Selling price × 5% = $361,000 × 5% = $18,050
Therefore, the entry to record this to debit Warranty Expense with $18,050; and credit Estimated Warranty Liability with $18,050.
This will look in the journal as follows:
Details Dr ($) Cr ($)
Warranty Expense $18,050
Estimated Warranty Liability 18,050
To record the estimated warranty expenses for the month
Betty wants to know the probability that her investment in HighFlier, Inc. will generate a return less than zero. The investment has a mean return of 10% and a standard deviation of 5%. Based on a normal distribution curve you correctly inform her that:________.
A. There is a 2.5% probability of a negative return.
B. There is a 5% probability of a negative return.
C. There is a 10% probability of a negative return.
D. There is a 34% probability of a negative return.
Answer:
A. There is a 2.5% probability of a negative return.
Explanation:
The stock returns are often assumed to be normally distributed for the prediction of future returns. Although there are some weird characteristics of stock returns that normal distribution is unable to capture, it is widely used because of its easy to apply.
Given the following information,
E(R)=10%
σ=5%
Since returns are normally distributed and the normal distribution is symmetric, the probability that Stonehenge Construction will yield a negative return is two standard deviations below the mean.
In the case of the normal distribution, approximately 95% of observations lie within two standard deviations about the mean. Therefore, by symmetry, only 2.5% of observations have a probability of yielding a negative return for Stonehenge Construction. SO, the answer is (A).
On average, it can cost _____________________ and take _____________________ to discover a new drug, perform the necessary safety tests, and bring the drug to market.
Answer:
$800 million; more than a decade
Explanation:
If a pharmaceutical firm decides to develop a new drug. On average, it can cost $800 million and take more than a decade to discover a new drug, perform the necessary safety tests, and bring the drug to market.
Tinker's cost of goods sold in the year of sale (2019) was $790,000 and 2018 cost of goods sold was $810,000. The inventory at the end of 2019 was $192,000 and at the end of 2018 the inventory was $212,000. Tinker’s average number of days to sell its inventory during 2019 is closest to: (Use 365 days a year. Do not round intermediate calculations.)
Answer:
91 days
Explanation:
Here, we are to calculate the average number of days it will take to sell its inventory in 2019.
We proceed mathematically as follows;
Inventory turnover=COGS/Average inventory
Average inventory=(192,000 + 202,000)/2=$197,000
hence inventory turnover=(790,000/197,000)= 4.01
hence average days to sell=365/4.01 =91 days (approx)
Final answer:
The average number of days to sell inventory for Tinker in 2019 is calculated using the Inventory Turnover Ratio and Days Sales of Inventory formula, resulting in approximately 93 days.
Explanation:
To find Tinker's average number of days to sell its inventory during 2019, we use the Inventory Turnover Ratio and the Days Sales of Inventory formula. The Inventory Turnover Ratio is calculated by dividing the Cost of Goods Sold by the Average Inventory for the year.
The formula for Average Inventory is:
(Beginning Inventory + Ending Inventory) / 2
For Tinker, the Average Inventory in 2019 = ($212,000 + $192,000) / 2 = $202,000.
The Inventory Turnover Ratio for 2019 = $790,000 / $202,000 ≈ 3.91 times.
The Days Sales of Inventory is then found by dividing the number of days in the year by the Inventory Turnover Ratio:
65 days / 3.91 ≈ 93.35 days
Therefore, the average days to sell inventory for Tinker in 2019 is closest to 93 days.
Marisol's online jewelry store originally sold only earrings and necklaces for women. After adding men's rings and cuff links, profits doubled. Given that success, Marisol may soon expand her product line to include unisex watches. Which of the following is a dimension of merchandising strategy that Marisol should consider?
a. how to advertise the store?
b. what type of repair service to offer?
c. the probability of unisex watches.
Answer: C. Profitability of unisex watches.
Explanation: Merchandising strategy is a business tactics or process that contribute or bring in sales of goods and services for profit.
Marisol made double profit when she added men cufflinks and men rings to her online jewelry store business. Now she wants to consider adding unisex watches to it, using merchandising strategy she should consider the profitability of " unisex watches ".
You have been given an elevation surface and asked to produce a raster indicating potential sites for a forest service radio relay tower that will send and receive radio transmissions to the main tower located near headquarters. The potential sites must be accessible by all-terrain vehicles (ATVs). Which of the following tools would be most helpful in this scenario? a) X Hillshade tool; Raster Calculator tool; Contour toolb) X viewshed; Raster Calculator tool; Contour toolc) X Raster Calculator tool; Aspect; Sloped) X Raster Calculator tool; Contour tool; Aspect toole) X Viewshed tool; Contour tool; Aspect toolf) X Viewshed tool; Hillshade tool; Contour tool
Answer:
b) X viewshed; Raster Calculator tool; Contour tool
Explanation:
To produce a raster indicating potential sites for a forest service radio relay tower that will send and receive radio transmissions to the main tower located near headquarters and making the potential sites accessible by All-Terrain Vehicles (ATVs).
The following tools would be most helpful in this scenario;
- X viewshed
- Raster Calculator tool
- Contour tool or Slope tool
Final answer:
The viewshed, raster calculator, and contour tools are the most helpful for identifying potential sites for a forest service radio relay tower, ensuring clear line of sight, ATV accessibility, and structural stability.
Explanation:
To identify potential sites for a forest service radio relay tower accessible by all-terrain vehicles (ATVs), the most helpful tools would be the viewshed tool, raster calculator tool, and contour tool. The viewshed tool is crucial in determining the areas that are visible from a given location, crucial for a relay tower that requires a clear line of sight to the main tower. The raster calculator can be utilized to analyze and calculate areas based on various criteria including slope and elevation, which are essential in confirming accessibility by ATVs and ensuring the structural stability of the tower. Lastly, the contour tool can assist in visualizing elevation changes and contributing to the planning process for vehicle access and construction logistics.
A project manager in Sam's Inc. has to update his fifty-member team on an upcoming project. He needs to schedule a meeting with all the members for this purpose. He finds it difficult to know the availability of each member to schedule the meeting at a convenient time. Which of the following collaboration tools will help the project manager to find the availability of the members?
a. Calendaring software
b. A podcast
c. A Web conference
d. Really Simple Syndication
Answer:
A. Calendaring software.
Explanation:
Calendaring software are the collaboration tool used by organizations to determine the availability of team members and to send email notifications and reminders for meetings and event participations. It allow people to capture and record scheduled meetings and events.
In the given case, a project manager can use calendering software as he has to update his team on an upcoming project and need to schedule a meeting with all the team member.
When she is not working, shelby trains to run marathons. she wishes she had more time to travel to various races but work keeps her busy. kevin does not want time off work. he needs to earn as much overtime as possible to pay off his college loans. the company recently offered either a week's pay or a week off as the bonus to the salesperson who made the most sales. both shelby and marcus worked hard to win. which advantage of individual incentives does this illustrate?
Answer:
Awards match desires
This scenario illustrates the advantage of individual incentives known as 'economic rationality' or 'maximizing income'. Shelby and Marcus are both motivated to work hard and compete in order to win the bonus offered by the company.
Explanation:This scenario illustrates the advantage of individual incentives known as 'economic rationality' or 'maximizing income'. In this case, Shelby and Marcus are both motivated to work hard and compete in order to win the bonus offered by the company. Shelby wishes to have more time for traveling to various races, but work keeps her busy. On the other hand, Kevin wants to earn as much overtime as possible to pay off his college loans. Both individuals are driven by the desire to maximize their income, which is a key advantage of individual incentives.
Suppose that an inventor discovers a new chemical compound that can change the color of a person's eyes with no negative side effects. Since she holds a patent on this chemical, she has a monopoly over the sale of the new eye-color treatment. However, she's an inventor, not a businessperson. Which of the following statements explain to her how she should set the price for the eye-color treatment in order to maximize her profits?
a) The inventor should produce an output that maximizes total revenue.
b) The inventor should price her product so that price equals marginal cost for the marginal unit.
c) The inventor should establish the marginal revenue and cost for each additional unit produced.
d) The inventor should produce all the units for which marginal revenue equals or exceeds marginal cost.
e) The inventor needs to establish the demand for her product using market research.
f) The inventor needs to establish the supply for her product using market research.
Answer:
d) The inventor should produce all the units for which marginal revenue equals or exceeds marginal cost.
Explanation:
The inventor has a new and innovative product that can change the color of a person's eyes with no negative side effects.
She now has a monopoly in the market. To maximise her profits she needs to set price of the product so marginal revenue is equal to or greater than the marginal cost.
Marginal revenue is the additional income earned per unit produced, while marginal cost is the additional cost incurred with extra unit produced.
When MR is equal to MC the business breaks even, and when MR is greater than MC the business is making profit.
Standard Bank gives John a substantial loan to purchase a new home. This credit transaction is governed by the Truth in Lending Act (TILA), which requires that certain written disclosures be made before a credit transaction is consummated. The TILA disclosure statement specifies the amount of $15,000, which represents the sum of interest charges John will be required to pay along with the principal amount of $100,000. This specification best exemplifies the _____.
Answer: finance charge
Explanation: The True in Lending Act (TILA) of 1968 is a Untied States federal law that was created to promote informed customers credit, certain written disclosure be made known before a transaction be consummate.
The fee john is requested to pay by the TILA disclosure statement is the "finance charge ". Standard bank is give John loan and the transaction will be govern by the TILA.