Suppose the consumption function of country A is C = 1000 + 0.8Y, (Y is the disposable income). Investment expenditure is 1500. The government purchase expenditure is 1500. The government transfer payment is 800. Tax is 2050. Please try to calculate: (1) the equilibrium national income Y* (4 points) (2) the government purchase multiplier K, (3 points) (3) the tax multiplier K., (3 points)
Answers
The equilibrium national income Y* is 5625. The government purchase multiplier K is 1.083. The tax multiplier K is 4.
Equilibrium national income Y* is the point where the output or the income is equal to the expenditures.
At equilibrium, the demand is equivalent to supply. The consumption function is given as:
C = 1000 + 0.8Y
Government purchases expenditure = G = 1500
Investment expenditure = I = 1500
Government transfer payments = TR = 800
Tax = T = 2050
Disposable income = YD = Y - T
The equation for equilibrium national income is given as:
Y = C + I + G + (TR - T)
Substituting the values:
Y = (1000 + 0.8Y) + 1500 + 800 - 2050
Y = 1000 + 0.8Y + 250Y = (1000 + 250)/(1-0.8)
Y = 5625
Government Purchase Multiplier K = ΔY/ΔGI = 1500, ΔY = Y - Y0 where Y0 is the initial national income.
∆Y = 5625 – 5000 = 1625K = ΔY/ΔG = 1625/1500 = 1.083.
Tax Multiplier K = ΔY/ΔTTR = 800, T = 2050, ∆Y = Y - Y0 where Y0 is the initial national income.
∆Y = 5625 – 5000 = 1625K = ΔY/ΔT = - MPC/ (1 - MPC)MPC = 0.8K = 0.8/ (1 - 0.8)K = 4.
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Related Questions
which product exists in a monopolistically competitive market?
Answers
Numerous businesses provide competitive products or services that are similar but not exact substitutes. A monopolistic competitive market is present.
Clothing and hair salons are two examples of sectors with monopolistic competition. When businesses provide rival goods or services that are comparable but imperfect substitutes, monopolistic competition exists.
A monopolistic competitive industry has low entry requirements, and decisions made by any one firm do not directly affect those of its rivals. The pricing and marketing choices made by the rival companies serve as their points of differentiation.
Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and includes businesses with comparable but distinct product offerings.
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Answer:
clothing
Explanation:
I learn today that monopolistically competitive is something with varity like cloths there are plenty of options
11. Which of these does NOT represent a type of credit?
*
1 point
A certificate of deposit (CD)
A credit card
A mortgage
Answers
A certificate of deposit (CD) does not represent a type of credit.
A certificate of deposit (CD) does not represent a type of credit. A certificate of deposit is a financial instrument offered by banks and credit unions that allows individuals to deposit a certain amount of money for a fixed period of time, typically ranging from a few months to several years. In return, the financial institution pays the depositor a fixed interest rate.
Unlike credit cards and mortgages, which involve borrowing money, a CD involves depositing money with the financial institution. The individual essentially lends money to the institution, and in return, earns interest on the deposited amount. The interest rate offered on a CD is predetermined and agreed upon at the time of purchase.
CDs are considered to be a low-risk investment option because they are typically insured by the government up to a certain amount. They provide a stable and predictable return on investment, making them attractive to individuals who prioritize safety and want to preserve their principal.
In summary, while credit cards and mortgages involve borrowing money, a certificate of deposit is not a type of credit. Instead, it is a financial instrument that allows individuals to deposit money with a financial institution and earn a fixed interest rate over a specified period of time.
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The following are affected by the business structure you choose when you start your
business.
O a.
day-to-day operations, personal liability, and business name.
O b.
day-to-day operations, business location, and taxes.
О с.
profitability, personal liability, and taxes
O d.
day-to-day operations, personal liability, and taxes.
1
Answers
When you start business, the business structure you choose can affect your day-to-day operations, personal liability, and taxes.
What is a liability?Liability refers to the legal responsibility for one's actions or debts. It is an obligation to pay or perform something to another party. Liability can arise from various sources, such as contractual agreements, statutory laws, or common law. For instance, when a person borrows money from a bank, they have a liability to repay the loan amount to the bank within a certain period, according to the terms and conditions of the loan agreement. Liability can also arise from a person's actions or omissions that result in harm or damage to others. In such cases, the person may be held liable for the damages caused and may have to compensate the affected parties for their losses.
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likely increase relative to the Swiss Franc during the next three months. If he takes action on this information, he will short the $/SF contract for three months. We will assume that he sells $5,000,000 forward of Swiss Francs against US Dollars. Suppose the projection has confirmed accurate, and spot $/SF trade on September 5, 2019 is at $1.0434. Consider the forward price was $1.0735
1. How much the buying price?
Answers
The buying price of Swiss Francs against US Dollars is $5,217,000.
To calculate the buying price, follow these steps:
1. Determine the initial forward price: $1.07351
2. Determine the final spot price: $1.0434
3. Calculate the difference in exchange rates: $1.07351 - $1.0434 = $0.03011
4. Multiply the difference by the amount sold forward: $0.03011 * $5,000,000 = $150,550
5. Add the profit to the initial amount sold forward: $5,000,000 + $150,550 = $5,150,550
6. Multiply the final amount by the final spot price: $5,150,550 * $1.0434 = $5,217,000
Thus, the buying price is $5,217,000.
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Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. In 2021, she sells the following long-term assets used in her business: Asset Sales Price Cost Accumulated Depreciation Building $ 232,800 $ 202,800 $ 54,800 Equipment 82,800 150,800 25,800 Lily's taxable income before these transactions is $193,300. What are Lily's taxable income and tax liability for the year
Answers
Lily’s taxable income for the year is $235,900, and her tax liability for the year is $45,152.50.
Calculation of taxable income and tax liabilityNote: See the attached photo for the proper arrangement of the table in the question.
These can be calculated as follows:
Profit on building = Sales price of building – (Cost of building – Accumulated Depreciation of building) = $232,800 – ($202,800 - $54,800) = $84,800
Loss on equipment = (Cost of equipment – Accumulated Depreciation of equipment) - Sales price of equipment –= ($150,800 - $25,800) - $82,800 = $42,200
Net profit = Profit on building - Loss on equipment = $84,800 - $42,200 = $42,600
Taxable income before transaction = $193,300
Total taxable income = Taxable income before transaction + Net profit = $193,300 + $42,600 = $235,900
In line with the tax rules, we have:
Tax Liability = ((Taxable income before transaction - $85,650) * 28%) + ((17,442 + Net profit) *25%) = (($193,300 - $85,650) * 28%) + (($17,442 + $42,600) *25%) = $45,152.50
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how can a firm create value in its capital budgeting process? multiple select question. by being ahead of other companies in developing new products by ignoring demand since supply is what really counts by producing its products and services at lower costs by lowering all barriers to industry entry to be more competitive
Answers
A firm can create value in its capital budgeting process by:
1. Being ahead of other companies in developing new products
2. Producing its products and services at lower costs
3. Lowering all barriers to industry entry to be more competitive
It is not advisable for a firm to ignore demand since supply is what really counts, as demand is a key driver of sales and revenue. Therefore, this option is not applicable.
A firm can create value in its capital budgeting process through:
1. Being ahead of other companies in developing new products: By staying ahead in the development of new products, a firm can maintain a competitive advantage, gain market share, and increase its profitability.
2. Producing its products and services at lower costs: By minimizing costs in production and operations, a firm can achieve higher profit margins, thus creating value for shareholders and the company itself.
So, the multiple select options that apply are being ahead of other companies in developing new products and producing its products and services at lower costs.
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ve durel evaluation of your work.
Aa
:)))
Hola
Activity
Lydia is a senior in high school. She works 20 hours a week at a popular clothing store. She is trying to save as much
money as possible for her college tuition. However, she has to buy a dress for prom, pay her car insurance, and get a
birthday gift for her sister. This week she received a $400 paycheck. She wants to deposit the entire check in her
savings account for her college tuition, but she stops herself. She decides instead to put $100 in the bank, spend $200
for her prom dress, pay $80 for her car insurance, and buy her little sister a $20 birthday gift. While shopping, she
sees a doll worth $21, which she thinks her sister will absolutely love. As a result, she decided to buy the more
expensive doll and spend less on her dress.
Did Lydia make an all-or-nothing or a marginal decision while spending her money?
Answers
Answer:
marginal decision
Explanation:
Marginal decision involves spending a little more or a little less than what has already been planned for based on the benefit to be gotten. If the marginal benefit exceeds the marginal cost, then the choice is a good choice. Marginal decision are made by using marginal analysis, that is comparing the cost and benefits of spending a little more or a little less.
In this scenario, she spends $1 more to buy her sister a doll because she thinks her sister would love it. The marginal cost in this case is $1. As a result on spending more on the gift, she spends less on her dress.
Every hour the amount of water in a tank decreases by 14%, at 1 pm the tank contains 1870 litres of water, how many litres of water will drain from the tank between 5 pm and 6 pm
Answers
Between 1 pm and 5 pm, the tank will have lost (14% x 4) = 56% of its water. So, the amount of water left in the tank at 5 pm will be 44% of 1870 litres, which is 822.8 litres. Between 5 pm and 6 pm, the tank will lose another (14% x 1) = 14% of its water. To calculate the amount of water that will drain from the tank during this hour, we need to multiply the amount of water at 5 pm (822.8 litres) by 14%, which gives us 115.2 litres. Therefore, the amount of water that will drain from the tank between 5 pm and 6 pm is 115.2 litres.
Between 1 pm and 5 pm, the tank will have lost (14% x 4) = 56% of its water. So, the amount of water left in the tank at 5 pm will be 44% of 1870 litres, which is 822.8 litres. Between 5 pm and 6 pm, the tank will lose another (14% x 1) = 14% of its water. To calculate the amount of water that will drain from the tank during this hour, we need to multiply the amount of water at 5 pm (822.8 litres) by 14%, which gives us 115.2 litres. Therefore, the amount of water that will drain from the tank between 5 pm and 6 pm is 115.2 litres.
In conclusion, between 1 pm and 5 pm, 1047.2 litres of water will drain from the tank, leaving 822.8 litres at 5 pm. From 5 pm to 6 pm, an additional 115.2 litres will drain, bringing the total amount of water lost to 1162.4 litres in the entire six-hour period.
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A large restaurant/catering establishment has 317 employees. Last
year 63 separate employees were injured on the job. What percentage of employees were
injured last year?
Answers
A large restaurant/catering establishment has 317 employees. Last year 63 separate employees were injured on the job 1/5 of the employees, or 19.87%, or almost 20%, were hurt.
We can estimate that 20% is roughly equal to 19.87%. 20% equals 0.2, or one fifth.
19.87% 20%
20% Equals 0.2
0.2 = 1/5
Divide the smaller number by the larger number in order to first determine the percentage. Our result is 0.1987. By multiplying by 100, you may calculate the percentage of a hundred that is present: 19.87%.
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Dominick earned $7.25 per hour until his state raised the minimum wage to $12 per hour, at which time his pay was increased to $12. Which law is the organization abiding by in this scenario
Answers
The law that Dominick's organization is abiding to when they increased his pay is the Fair Labor Standards Act (FLSA).
What does the Fair Labor Standards Act (FLSA) call for?It states that employees should be treated in a fair manner that is consistent with the work they put in.
The Act makes this clearly by specifying that minimum wage laws should be abided by which was why the organization increased Dominick's wages when the minimum wage was raised.
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A firm's demand for labor is known as a derived demand because the firm gains utility from hiring more labor the firm gains utility from hiring more labor A the wage rate paid to workers depends on the demand for labor the wage rate paid to workers depends on the demand for labor B the amount of labor demanded depends on the amount of capital invested the amount of labor demanded depends on the amount of capital invested C the amount of labor demanded depends on the demand for the firm's product the amount of labor demanded depends on the demand for the firm's product D the firm will benefit from hiring additional labor
Answers
Answer:
The correct answer is the option C: The amount of labor demanded depends on the demand for the firm's product.
Explanation:
To begin with, in the microeconomics theory we can find the answer to the question base upon the fact that the "derived demand" of labor is known like that because it will always depend on the amount of output that the company sells. Therefore that the amount of labor hired is derived from the amount of product sold. Understanding that if the company sells more of its product then it will hire more workers in order to increase the offer, according to basic supply laws. And that is why that obviously the demand ends up being dependent from the demand of the product itself.
Analyse how a Production Possibility Curve ( PPC ) illustrates scarcity, opportunity cost & efficiency.
Answers
The production possibilities curve (PPC) exists as a graph that demonstrates all of the various combinations of output that can be produced given existing resources and technology.
What is Production Possibility Curve ( PPC )?The production possibilities curve (PPC) exists as a graph that demonstrates all of the various combinations of output that can be produced given existing resources and technology. Sometimes named the production possibilities frontier (PPF), the PPC illustrates scarcity and tradeoffs.
PPF stands for the production possibility frontier and it exists illustrated by supporting the production of one good at the x-axis and another good at the y-axis. It thereby demonstrates all the possible varieties that can be produced with limited resources.
Scarcity: The resources that require to be utilized because they serve as input are limited or scarce and these same scarce resources exist used by an economy to produce the goods. Therefore, the Production possibility curve exists drawn and it illustrates the scarcity of resources known to an economy.
Choice: An economy has a preference to produce among different combinations of goods that lie on the production possibility curve. Therefore, the curve displays the choice as well.
Opportunity cost: Suppose the economy exists producing a bundle of goods 1 and 2 and the bundle stands (x,y). Now, if it desires to increase the consumption of good 1 by 1 unit, it has to decrease the consumption of good 2. Therefore the opportunity cost of producing a unit of good 1 exists in the sacrifice that has been created for good 2.
Productive efficiency: An economy utilizes all its scarce resources to produce two goods but whether it is utilizing those resources efficiently exists the point of concern. If it uses them efficiently, it creates the production possibility curve otherwise at a point that lies somewhere inside the PP curve.
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How many address
contains the same text: KTKEIHLPEQMKJAPDEK
Answers
The exact number of addresses that contain the same text "KTKEIHLPEQMKJAPDEK" depends on the context and usage of the text, and more information is needed to provide an accurate answer.
The number of possible addresses that can contain the same text "KTKEIHLPEQMKJAPDEK" depends on the context of where the text is being used. Without additional information, it is difficult to determine the exact number of possible addresses.
If the text is being used as a password or a username for an online account, then the number of possible addresses would depend on the length and complexity requirements set by the website or application. For example, some websites may require passwords to be at least 8 characters long and contain a mix of uppercase and lowercase letters, numbers, and symbols. In such cases, the number of possible addresses that contain the text "KTKEIHLPEQMKJAPDEK" would be limited by the password requirements.
On the other hand, if the text is being used as a part of a larger string, such as a URL or an email address, then the number of possible addresses would depend on the length and combination of characters in the entire string. In such cases, the number of possible addresses containing the text "KTKEIHLPEQMKJAPDEK" would be much larger and harder to determine without additional information.
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1 point
10. In reviewing your account statement, you see a Balance Transfer Fee.
Based on the information you see in the statement, what would be the fee
if you transferred $3,000 from another credit card? *
Answers
Answer:
Find attached statement and the question which question number 10.
The correct option is C,$90
Explanation:
In the statement you would notice that the balance transfer from another credit card was $785,upon which balance transfer levy of $23.55 was charged(Section 7)
Intuitively, the percentage of balance transfer charge is $23.55 divided by the amount of balance transfer i.e $785
balance transfer charge(%)=$23.55/$785=3%
However, if the balance transfer were $3000,the charge is 3% of $3000 i.e $90 ($3000*3%).
The correct option then is C,$90
How would you manage the school if you are the headmaster?
Answers
Answer:
i wouldn't manage
Explanation:
which of the following insures municipal bonds? a securities investor protection corporation b federal deposit insurance corporation c private insurance companies d private placement investors
Answers
Municipal bonds are typically insured by private insurance companies.Private insurance companies are the entities that typically insure municipal bonds.
Municipal bonds are typically insured by private insurance companies. These companies provide insurance coverage to protect bondholders in case of default or other credit events. The insurance helps enhance the creditworthiness of the municipal bonds and provides assurance to investors.
The Securities Investor Protection Corporation (SIPC) is a non-profit organization that protects customers of brokerage firms if the brokerage firm fails. Its primary purpose is to provide limited protection for securities and cash held by customers of failed broker-dealers.
The Federal Deposit Insurance Corporation (FDIC) is a government agency that insures deposits in banks and savings institutions. It provides deposit insurance to protect depositors in case of bank failures.
Private placement investors refer to individuals or institutional investors who invest directly in privately issued securities, bypassing the public securities market. They are not directly involved in insuring municipal bonds.
Therefore, the entity that typically insures municipal bonds is private insurance companies.
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E4Listen The office of research and grants at KSU has averaged $100,000 per year income from external grants. At an interest rate of 17% per year, the future worth of the income in years 1-5 is (choos
Answers
The future worth of the income in years 1-5 is $117,000, $136,890, $159,274, $184,155 and $211,797 respectively.
The present value of income received from the external grants per year is $100,000. The future worth of this income from years 1 to 5 is calculated at an interest rate of 17%.
The present value of income received from the external grants per year is $100,000. The future worth of this income from years 1 to 5 is calculated at an interest rate of 17%.The future worth of the income is calculated using the formula;
F = P(1+i)n
where F = Future Worth P = Present Value i = Interest Rate n = Number of Years
Thus, F = 100,000 (1+0.17)n
where n = 1, 2, 3, 4 and 5
This formula is used to calculate the future worth of the income in year 1 to 5 for the office of research and grants at KSU which has averaged $100,000 per year income from external grants.
When calculated, we have:
F1 = $100,000 (1+0.17)1 = $117,000
F2 = $100,000 (1+0.17)2 = $136,890
F3 = $100,000 (1+0.17)3 = $159,274
F4 = $100,000 (1+0.17)4 = $184,155
F5 = $100,000 (1+0.17)5 = $211,797
Therefore, the future worth of the income in years 1-5 is $117,000, $136,890, $159,274, $184,155 and $211,797 respectively.
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pricequantity demanded$181100 units$131700 units$82300 units$32900 unitswhat type of elasticity do we have when we lower the price from $13 to $3?unit-elastic demand.perfectly inelastic demandperfectly elastic demandinelastic demandelastic demand
Answers
Given the following price-quantity demanded pairs: Price ($)Quantity Demanded181100 units131700 units82300 units32900 units Determine the type of elasticity of the given prices and quantity demanded pairs when the price is lowered from $13 to $3.
To find the elasticity of demand, we can use the following formula:Elasticity of demand = percentage change in quantity demanded / percentage change in price Now, let us calculate the percentage change in quantity demanded when the price is lowered from $13 to $3. The initial quantity demanded is 1700 units while the final quantity demanded is 2900 units.
Hence, the percentage change in quantity demanded is: Percentage change in quantity demanded = (Final quantity demanded - Initial quantity demanded) / Initial quantity demanded × 100%Percentage change in quantity
demanded = (2900 - 1700) / 1700 × 100% Percentage change in quantity demanded = 70.59%
Now, let us calculate the percentage change in price. The initial price is $13 while the final price is $3.
Hence, the percentage change in price is:
Percentage change in price = (Final price - Initial price) / Initial price × 100%
Percentage change in price = ($3 - $13) / $13 × 100%Percentage
change in price = -76.92%
Now, let us use these values in the elasticity of demand formula: Elasticity of demand = percentage change in quantity demanded / percentage change in price
Elasticity of demand = 70.59% / -76.92%Elasticity of demand = -0.917 or -91.7%
We have an elastic demand when the price is lowered from $13 to $3 since the elasticity of demand is greater than 1. Hence, the answer is: elastic demand.
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Which of the follow is NOT a good place to gather and evaluate investment options?
a Social Media
b Newspapers and magazines
c Brokers and advisers
d Company financial reports
Answers
Customer service personnel typically need at least A. a high school diploma. B. a vocational school certificate. C. a community college degree. D. a four-year degree.
Answers
Answer:
A. a high school diploma.
Explanation:
Typically, a Customer service representative's minimum qualification is a high school diploma. They also need on the job training to acquire specific skills required to work in that particular organization. Companies organize classroom-like training to teach the customer service representatives about their products and services.
Some organizations, such insurance companies and banks, may demand higher qualifications due to the technical aspects of their job.
True or False: being a spender has many more positives than being a saver.
Answers
False, being a spender has no many more positives than being a saver.
Being a spender allows individuals to enjoy life now rather than waiting for retirement. Spending can also help stimulate the economy, as it helps drive business growth and job creation. Individuals who are spenders may also be more likely to take risks, which can lead to greater rewards.
Additionally, spending can help individuals build relationships by taking part in activities with friends and family. Finally, spending money on experiences can help create memories that last a lifetime.
Experiences help shape our lives, and can even shape our identities. Experiences can also be shared, allowing us to connect with friends and family. Whether it's a trip to a foreign country, a sporting event, or a night on the town, spending money on experiences can provide a lifetime of memories.
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suppose investors can earn a return of 2.8% per 6 months on a treasury note with 6 months remaining until maturity. the face value of the t-bill is $10,000. what price would you expect a 6-month-maturity treasury bill to sell for?
Answers
PV = Parvalue/(1+r)n = $10,000/(1+2.8%) 6=10000.168would you anticipate paying for a 6-month Treasury bill.
US Treasury Notes (T-bills) 1.3 Treasury bills, often known as T-bills, are short-term debt securities issued by the Government of India and are now available in three tenors: 91 day, 182 day, and 364 day. T-bills are money market instruments. Treasury bills are interest-free securities with zero coupon payments.Out of all the debt that the federal government has issued, T-bills have the earliest maturity date. T-bills can be bought in non-competitive and competitive bids in $100 increments. Federal taxes apply to T-bills, but state and local taxes are not. The 1 Year Treasury Rate is currently 4.79%, down from 0.78% last year and 4.64% on the previous market day.
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Which of the following are money market instruments? Check all that apply.
Common stocks
O Treasury bills
O Long-term bank loans
O Commercial paper
Im Certificates
Certificates of deposit
Answers
Commercial paper is one of the following money market instruments. Commercial paper is a type of short-term, unsecured debt instrument issued by corporations to fund short-term liabilities.
What is money market?Bank accounts, including time credentials of deposit; interbank loans (loans between banks); money market mutual funds; commercial paper; Treasury bills; and securities lending and repurchase agreements are all examples of money markets (repos). The money market is an economic component that provides short-term funds. The money market specializes in short-term loans of one year or less. Money market funds are widely regarded as one of the most stable investments, as they have low volatility and are less susceptible to market fluctuations. Money funds are also more liquid than other investments with comparable returns, such as CDs, because they allow you to quickly withdraw cash or purchase other investments.To learn more about money market, refer to:
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Technician A says that an air chisel is used to dress welds.
Technician B says that paintless dent repair (PDR) tools can be used to remove small dents.
Who is right?
O A only
O Bonly
O Both A and B
Neither Anor B
Answers
Answer:
B
Explanation:
Technician B is right a pdr can be used to remove dents
According to statement, technician b only is correct. Technician B says that paintless dent repair (PDR) tools can be used to remove small dents. Thus, option (b) is correct.
What is Technician?
The term technician is details of a subject or occupation, a computer technician.
Technician is work of repair and expert of work. It is easily handle problem and resolve solution.
As a result, option (b) is correct.
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usually, the more liquid an asset is (like cash in the bank), the less return you can expect.a. trueb. false
Answers
True. The more liquid an asset is, the less return you can expect. This is because highly liquid assets like cash or money market funds have low risk and are easily accessible, which means they typically offer lower returns compared to less liquid assets like stocks or real estate.
However, it's important to note that the trade-off between liquidity and return may vary based on individual circumstances and investment goals. A detailed answer would require a deeper analysis of the specific investment options and the associated risks and rewards.
Generally, the more liquid an asset is, such as cash in the bank, the less return you can expect. This is because liquid assets are easily convertible to cash and involve lower risk, resulting in lower returns compared to less liquid assets that often come with higher risks and potentially higher returns.
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There are a couple of questions in this:
1) Which of the following statements is true?
a. Elasticity is identical to the slope of the demand curve.
b. A single, straight-line demand curve can be elastic in one region and inelastic in another.
c. Perfectly inelastic demand can be represented by a horizontal line.
d. When demand is unit elastic, revenue is strongly affected by price changes.
e. You can always determine the relative elasticity of demand for two products by
comparing the slope of their demand curves.
2) In the market for green beans, as price rises from $2 to $3 per pound of green beans, producer revenues increase from $50,000 to $80,000. What can we say about the price
elasticity of demand for green beans?
a) Demand is price inelastic
b) Demand is price elastic
c) Demand is unit elastic
d) Green beans are an inferior good
e) Green beans are a normal good
3) Five students are willing to pay $5 for an ice cream cone and the price for an ice cream cone at Baskin Robbins is $3. What is the total consumer surplus among the five students?
a) $2
b) $10
c) $15
d) $20
Answers
Perfectly inelastic demand can be represented by a horizontal line. is a correct statement. Option (c) is correct.
We can say that Demand is price inelastic. Option (a) is correct.
The total consumer surplus among the five students is $15. Option (c) is correct.
What is Revenue?Revenue is the entire amount of money made through the sale of products and services that are essential to the business's core operations. Sales or turnover are other terms used to describe commercial revenue. Some businesses make money from royalties, interest, or other fees.
Demand is the amount of a good that buyers are ready and willing to buy at different prices at a particular time. The demand curve is another name for the relationship between price and quantity demand.
Therefore, option (c) (a) and (c) are correct. that is Perfectly inelastic demand can be represented by a horizontal line, We can say that Demand is price inelastic, The total consumer surplus among the five students is $15 respectively.
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How do performance standards best promote ethical behavior?
Answers
Answer:
reviews and if manage hold themselves to a high standard of ethical behavior how do managers deal with overstaffing problems teaching employees better time management/.
Explanation:
Jacques maxes out his credit card and then misses several payments in a row before he started paying his bills. How could this affect his credit score and would there be any repercussions from that change?(1 point)
A. His credit score would most likely go down. A low credit score could make lenders refuse to offer him credit or possibly offer him credit at a much higher interest rate.
B. His credit score would most likely go up. A higher credit score could make lenders refuse to offer him credit or possibly offer him credit at a much higher interest rate.
C. His credit score would not change. Credit cards cannot affect credit scores. Only home loans and auto loans (or any vehicle loans, such as boats) can affect your credit score.
D. His credit score would not change. Since he started paying his bills, there would be no negative effects.
Answers
As a result of maxing out the credit card and missing payments, A. His credit score would most likely go down. A low credit score could make lenders refuse to offer him credit or possibly offer him credit at a much higher interest rate.
There are several ways to get a lower credit score including:
Missing payments on your credit card Spending the entire limit on your credit cardWhen a person's credit score goes low, it means that loaning money to them is riskier and as a result, some lenders will refuse to lend the person money and if they do, they will charge a higher rate to compensate for the higher risk.
In conclusion, option A is correct.
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Preparing Flexible Budget for Manufacturing Costs [LO 9-2] Olive Company makes silver belt buckles. The company's master budget appears in the first column of the table. Required: Complete the table by preparing Olive's flexible budget for 5.000. 7,000 and 8,000 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget 16,000 Units) (5,000 Units) (7.000 Units) (8.000 Units) Direct materials Direct labor Variable manufacturing overhead Fored manufacturing overhead Total manufacturing cost 1.200 3,600 1,800 17,200 23,800 $
Answers
A flexible budget is a budget that adjusts to changes in production output. It allows for cost variances by taking into account the cost of goods sold and the cost of goods produced.
Olive Company produces silver belt buckles and has a master budget for 16,000 units. The table above shows the flexible budget for 5,000, 7,000 and 8,000 units. As the production output increases, the total manufacturing cost increases as well. The flexible budget for 5,000 units includes $1,200 for direct materials, $3,600 for direct labor, $1,800 for variable manufacturing overhead, and $17,200 for fixed manufacturing overhead.
The flexible budget for 7,000 units is slightly higher, at $1,400, $4,200, $2,100, and $18,800 respectively. Finally, the flexible budget for 8,000 units is $1,600, $4,800, $2,400, and $20,400 respectively. This shows that as production increases, the total manufacturing cost increases as well.
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The best time to begin a self improvement plan is when ______. A. You are going to be fired from your job b. You have been reprimanded by your boss c. You have disappointed your friends d. You think you need to improve to meet a career goal Please select the best answer from the choices provided A B C D.
Answers
The best time to begin a self-improvement plan is when a person thinks he\she needs to enhance to complete a career goal.
What is self-improvement?Self-improvement is defined as the improvement of ourselves in words of understanding, status, habits, character, or physical appearance.
It evolves to improving a person himself, in spite of any external improvements.
Self-improvement involves the improvement in oneself in terms of learning, quality, essence, practices, thinking to improve the carrier goals, personalities, habits, or bodily formation.
Therefore, option D is correct.
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Answer:
D
Explanation: