What kind of profit are we using in the long run behavior for
markets?
Answers
In the long run, profit in markets is typically measured in terms of economic profit. Economic profit considers both explicit and implicit costs, providing a more comprehensive measure of profitability.
Economic profit is a measure of the total revenue earned by a firm minus the total cost incurred, including both explicit costs (such as wages, rent, and materials) and implicit costs (such as the opportunity cost of the owner's time and capital).
It takes into account all costs associated with running a business. The formula for calculating economic profit is:
Economic Profit = Total Revenue - Total Cost
To calculate economic profit, you need to determine the total revenue and total cost of the business over a specific period. Total revenue is the sum of all the money earned from selling goods or services. Total cost includes all the expenses incurred in the production process.
For example, let's say a company's total revenue is $500,000 and its total cost is $400,000. The economic profit would be calculated as follows:
Economic Profit = $500,000 - $400,000 = $100,000
In the long run, businesses aim to maximize economic profit by optimizing their production and cost structures. Economic profit considers both explicit and implicit costs, providing a more comprehensive measure of profitability.
By analyzing economic profit, firms can make informed decisions regarding resource allocation, pricing strategies, and overall business performance.
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Related Questions
The marginal revenue when output increases to 5 units of output is dollars. 5 30 6
Answers
To determine the marginal revenue when output increases to 5 units, we need more information. Marginal revenue (MR) represents the additional revenue earned by producing and selling one more unit of output.
The marginal revenue can be calculated by finding the difference in total revenue (TR) between two levels of output and dividing it by the change in quantity. In this case, we don't have the total revenue information for different levels of output, so it's not possible to determine the exact marginal revenue.
However, if we assume that the marginal revenue is constant at $30 per unit of output, then the marginal revenue when output increases to 5 units would also be $30. Please note that this is a hypothetical assumption, and without additional information, we cannot accurately determine the marginal revenue in this scenario.
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how
could a committee ensure the success of a employee program that was
developed & implemented that encompassed motivation
andempowerment?
Answers
To ensure the success of an employee program that was developed and implemented that encompassed motivation and empowerment, the committee could take the following steps:
1. Set clear and achievable goals and objectives: To ensure the success of the employee program, the committee should set clear and achievable goals and objectives that align with the organization's vision, mission, and values. These goals and objectives should be specific, measurable, achievable, relevant, and time-bound.
2. Involve employees in the program development and implementation: Employees should be involved in the program development and implementation process. They should be given an opportunity to provide feedback on the program, offer suggestions, and make recommendations. This will help to create a sense of ownership and commitment towards the program.
3. Provide adequate resources: The committee should ensure that the necessary resources, including funds, technology, and equipment, are available to implement the program successfully.
4. Communicate effectively: The committee should communicate the program's purpose, goals, and objectives clearly to all employees. This will help employees understand the program's importance and how it will benefit them.
5. Provide necessary training and development: The committee should provide necessary training and development to employees to ensure they have the skills and knowledge required to participate in the program successfully.
6. Monitor and evaluate the program: The committee should regularly monitor and evaluate the program to ensure it is achieving its goals and objectives. This will help identify areas that need improvement and allow for adjustments to be made as necessary.
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One of the historical trading abuses in the mutual fund industry was allowing selected investors to rapidly trade in and out of a mutual fund in order to profit on stale prices. This practice is called:
Answers
The practice of the investors who trade in and out of the fund in order to make profit is known as Market timing.
Market timing is defined as the predictions an investor makes about price movement.
In other word, the strategy is when investor tries to identify the best times to be in the market and when to get out.In conclusion, the practice of the investors who trade in and out of the fund in order to make profit is known as Market timing.
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In business, it is important to establish your _____ from your first day on the job. multiple choice question.
Answers
In business, it is important to establish your credibility from your first day on the job
What is Business credibility?The quality of being trusted by a specific group of people is known as credibility. In terms of conversion rate optimization, business credibility is defined as the degree to which your target customers trust you. Customers' trust is ideally expressed through positive behavior toward your brand, with the end result being an increased conversion rate. We live in a time when everything is commercialized and everyone, especially corporations, wants to sell us something. As a result, human brains react to this scenario in a "passive-aggressive" manner - we consumers tend to distrust brands at first glance. Because, after all, we believe their goal is to make money.To know more about business credibility, refer to:
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What is an account and where is it located in a manual accounting system?
Answers
For the first seven years, interest is 12% per year compounded
monthly and for the last three years, the interest drops to 10% per
year compounded annually.
Answers
In this scenario, the interest rate for the first seven years is 12% per year compounded monthly, and for the last three years, it drops to 10% per year compounded annually.
The interest rate of 12% per year compounded monthly means that the interest is calculated monthly, and the accumulated interest is added to the principal each month. This compounding frequency leads to more frequent interest accrual, resulting in higher overall interest earnings compared to simple interest.
For the first seven years, the interest is compounded monthly at a 12% annual interest rate. This means that each month, 1% (12% divided by 12 months) of the principal is added as interest. This compounding interest over seven years will accumulate significantly and contribute to the overall return on investment.
After the initial seven years, the interest rate drops to 10% per year compounded annually. In this case, the interest is calculated once a year and added to the principal annually. While the interest rate decreases, the accumulated interest from the previous seven years can still contribute to the growth of the investment.
The change in compounding frequency and interest rate over the ten-year period will affect the final amount of interest earned. The specific calculations depend on the initial principal and the compounding formula used.
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The diameter of a circle is two units long. If you draw a circle that is twice the size, how long is the diameter of the new circle? a One unit b Two units c Three units d Four units
Answers
Two units separate a Line. The length of the line will be four units longer if you draw it doubly as large. D is the correct choice.
This is because a line is a- dimensional figure with no range and only a length. A line is made of a bunch of focuses which is stretched out in inverse comportments endlessly.
The Visual Element of Line is the foundation of every delineation. It's the most essential and adaptable of the visual rudiments.
Lines can be used in a variety of ways in an artwork. It tends to be employed to infer different passions as well as shape, illustration, structure, and construction.
It can likewise infer depth and distance. You would divide the length of the original line by 2 if you were to draw a line doubly as long as the original line.
2 x 2 = 4
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what is one major disadvantage of corporations compared to other types of business organizations? A. Corporations have more legal liability for owners than other businesses B. Corporations are less likely to have specialized workers than other businesses C. corporations are more complex to start than other businesses D. corporations have a less stable life span than other businesses
Answers
Answer:
C. Corporations are more complex to start than other businesses
Explanation:
APE X got this right
One major disadvantage of corporations compared to other types of business organizations, corporations are more complex to start than other businesses. The correct option is C.
What is a corporation?A corporation is a legal body that exists independently of its owners. Corporations have many of the same legal rights and obligations as individuals. They have the ability to enter into contracts, lend and borrow money, sue and be sued, hire personnel, own assets, and pay taxes.
Corporations are subject to double taxation and must go through several formalities in order to be formed. A corporation is required to submit a corporate tax return and pay taxes on its profits at the corporate tax rate. Dividends to shareholders are taxed at the shareholder's individual tax rate.
Therefore, corporations are more complex to start than other businesses.
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A customer needs to attach a
A. credit report
to a customer authorization form
Answers
Who would win Hawk Eye (Marvel) or The Green Arrow (DC)
Answers
Answer:
Buff animal crossing.
Explanation:
Answer:
Green Arrow
Explanation:
Tax rates in which the percentage of tax is the same regardless of the level of income is MOST LIKELY a
Answers
Answer:
Proportional tax system
Explanation:
A proportional tax system levies an equal tax rate on everyone regardless of their income level. It is also known as the flat-rate tax because it treats the wealthy, middle class, and low-income earners equally. The proportional tax system simplifies tax filing as the same tax rate will apply to everyone.
The proportions tax system contrasts with the progressive tax system, which bases the tax rate on the taxpayer's income.
Goods and service that can be, and often are, provided by the private sector, meaning they are exclusive and can be exhausted are called?
Answers
Goods and services that can be provided by the private sector, are exclusive, and can be exhausted are called rival goods.
In economics, goods can be classified based on two characteristics: rivalry and excludability. Rivalry refers to the extent to which consumption of a good by one individual reduces its availability for others. Excludability refers to the ability to prevent non-paying individuals from consuming the good.
Rival goods are goods that exhibit both rivalry and excludability. They are goods that can be consumed by one person at a time, and consumption by one individual diminishes the availability of the good for others. Additionally, these goods can be provided by the private sector, meaning they are produced and offered for sale by private businesses or individuals.
Examples of rival goods include physical products such as food, clothing, and cars. When someone purchases and consumes these goods, they are no longer available for others to consume. The private sector plays a significant role in producing and distributing rival goods, as they can be offered for sale and generate revenue for the producers.
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Give a proper definition of money.
Answers
Answer:
Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. Money provides the service of reducing transaction costs, namely the double coincidence of wants. Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange. Money can be: market-determined, officially issued legal tender or fiat money, money substitutes, and fiduciary media, and electronic cryptocurrencies.
Explanation:
The type and quantity of each type of direct material needed to complete a unit of product is listed on the ______.
time ticket
bill of materials
materials requisition form
production order
Answers
The type and quantity of each type of direct material needed to complete a unit of product is listed on the bill of materials. A thorough list of all the raw materials, assemblies, subassemblies, parts, and components needed to manufacture a product, together.
With their individual amounts, is called a bill of materials (BOM). In a nutshell, it is an exhaustive list of all the parts required to manufacture a product. A material requisition slip is a record of the quantity of direct materials transferred from the raw materials account to the work in process account during the period and the amount of direct materials that were used. The first formal offer made by a buyer to a supplier.
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PLEASE HELP Question 21(Multiple Choice Worth 5 points) (04.09 LC) A paid position with specific duties, tasks, and responsibilities in a particular place of work. O Career Interests O Job O Values Question 22 Multiple Choice Worth 5 points) con. PLEASE HELP
Answers
Answer:
Job
Explanation:
A job is any regular and legal activity that one does to earn money. A job is a responsibility, position, or role assigned to a worker/ employee. Each job has a job description which details what duties the employer expects the employees to perform.
A job refers to employment, either full-time or part-time. It is also a piece of work to be performed.
Which type of networking doesn't require a password to access
Answers
A Wi-Fi network connection with Wi-fi protected setup (WPS) for a home or a small environment doesn't require a password to access the networking system.
What is a password?Password is a code that helps in securing the data maintained on a computer or laptop. it also helps in securing the data from any unauthorized access.
WPS is a kind of network security that enables a protected wireless network for a home or a small surrounding. It allows a faster network connection between a router and any portable wireless device.
Therefore, the Wi-Fi network with WPS security requires no password to access the network.
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a company making rubber tires is evaluated on 5 opportunities per product; in 1000 products manufactured in a month if 100 defects are observed, the rolled throughput yield is:
Answers
1000 tires produced in a month, 98% of them are free from defects, which is a high level of efficiency and performance.
Rolled Throughput Yield (RTY) is a key metric used in Six Sigma methodology to evaluate the performance and efficiency of a manufacturing process. It measures the proportion of good units that are produced by a process relative to the total number of units that are started. The RTY can be calculated using the formula: RTY = (1 - defects/opportunities) x 100%.
In the case of a company that produces rubber tires, if 1000 products are manufactured in a month and 100 defects are observed, the RTY can be calculated as follows: RTY = (1 - 100/5000) x 100% = (1 - 0.02) x 100% = 98%.
The high Rolled Throughput Yield score suggests that the company is performing well in terms of product quality and manufacturing efficiency, which is important for customer satisfaction and brand reputation.
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________ advertising is used heavily when introducing a new product category and when the objective is to build primary demand.
Persuasive
Research
Informative
Media
Answers
Informative advertising is a type of advertising that aims to educate or inform consumers about a product or service. It is used heavily when introducing a new product category, especially when the objective is to build primary demand. Primary demand refers to the demand for a product category as a whole, rather than for a specific brand or product within that category.
Informative advertising is designed to provide consumers with useful information about a product or service, such as its features, benefits, and uses. This information can help consumers make informed purchase decisions and can help to build brand awareness and credibility. Informative advertising is particularly effective for new or complex products that require explanation or demonstration.
Unlike persuasive advertising, which aims to persuade consumers to buy a particular brand or product, informative advertising is focused on providing information and educating consumers. This can help to establish a company as a thought leader in its industry and can build long-term customer loyalty based on trust and credibility.
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why do private sector firms seeking profit will allocate scarce resources to the production of goods and services and will it be able to make good quality products for consumers?
Answers
Answer:
Markets use prices as signals to allocate resources to their highest valued uses. ... Businesses also have dual roles—they supply goods and services and demand resources. The interaction of demand and supply in product and resource markets generates prices that serve to allocate items to their highest valued alternatives.
Explanation:
Hope this helped.. ;)
communication noise can exist even when people speak the same language. this occurs because of the:
Answers
Communication noise can exist even when people speak the same language because of the various factors such as distractions, competing messages, misunderstandings, and cultural differences.
For example, if someone is distracted or preoccupied, they may not fully listen or understand what is being said, leading to miscommunication. Additionally, people may interpret words or phrases differently based on their cultural background or personal experiences, which can lead to misunderstandings even when they are speaking the same language.
Overall, communication noise can be caused by a variety of factors that impact the clarity and effectiveness of communication, even between individuals who share a common language.
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Is competition good for business?
Is it good for consumers?
Answers
Answer:
yes and yes
Explanation:
Ken, a real estate agent, assures Lily that a certain parcel of commercial property fronts on the most highly trafficked street in Metro City. Lily buys the property and then discovers that the street has no more traffic than any other in its vicinity. Lily is most likely a victim of Group of answer choices
Answers
Options :
a. mistake.
b. opinion.
c. an adhesion contract.
d. fraud.
Answer: Fraud
Explanation: From the scenario described above, it could be inferred that Ken, the real estate agent used trickery to lure Lily into purchasing the property. Hence, Lily could be said to have been defrauded by Ken who used what Lily needed to trick her into making the purchase because the main specification, that is high traffic, which Ken used to lure Lily was actually false. Fraud remains a grave offence as it could only be carried out by lying, issuing false statement, blackmail, impersonation and other grave offences.
policies and procedures help provide direction for…
True or false?
Answers
Answer:
answer is True
Explanation:
cause i did this before
Write a question keep it simple
Answers
Answer:
Why do people break up if they love each other?
Explanation:
sorry it's not simple lol
identify whether each of the following events poses an adverse selection problem or a moral hazard problem in financial markets.a. a manager of a savings and loan association responds to reports of a likely increase in federal deposit insurance coverage. she directs loan officers to extend mortgage loans to less creditworthy borrowers.b. a loan applicant does not mention that a legal judgment in his divorce case will require him to make alimony payments to his ex-wife.c. an individual who was recently approved for a loan to start a new business decides to use some of the funds to take a hawaiian vacation.
Answers
a) In scenario a. adverse selection takes place. b) In scenario b. moral hazard problem occurs and c) In scenario c. also moral hazard problem takes place in the financial markets.
a. The manager of a savings and loan association directing loan officers to extend mortgage loans to less creditworthy borrowers in response to likely increase in federal deposit insurance coverage is an adverse selection problem. Adverse selection occurs when one party in a transaction has more information than the other party, resulting in the second party facing a higher risk than anticipated.
b. The loan applicant not mentioning the legal judgment requiring alimony payments to his ex-wife is a moral hazard problem. Moral hazard occurs when one party in a transaction takes additional risks because they are insulated from the consequences of their actions. In this case, the loan applicant has an incentive to not disclose the legal judgment because it could reduce his chances of getting the loan or increase the interest rate.
c. The individual who was recently approved for a loan to start a new business using some of the funds to take a Hawaiian vacation is also a moral hazard problem. In this case, the borrower has been granted funds for a specific purpose, but is using some of the funds for personal reasons. This behavior increases the risk for the lender as it could mean the borrower is not using the funds as intended and may not be able to repay the loan.
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What is down payment with regarding to buying a house?
Answers
NEED THE ANSWER ASAP
What, if anything, is likely to happen to the number of pairs of running shoes sold as the price charged for them is reduced from $5,000 to $65?
Answers
Answer:
The number of pairs of running shoes would decrease becase of the huge price drop which would increase more customers to buy the shoes.
As the price of running shoes decreases from $5,000 to $65, it is likely that the number of pairs sold will increase. This is due to the inverse relationship between price and demand in economics known as the law of demand.
At higher prices, the demand for running shoes is likely to be lower as consumers may not be willing or able to pay such high prices.
As the price decreases, however, more consumers will be able to afford the shoes and may decide to purchase them, leading to an increase in demand.
Additionally, lower prices may attract new customers who may have previously been deterred by the high prices. This increase in demand may be further amplified if the price reduction is accompanied by effective marketing campaigns or sales promotions.
However, it is important to note that there may be a limit to how much the demand can increase due to factors such as market saturation, competition, and the availability of substitutes. Therefore, the extent of the increase in the number of pairs of running shoes sold will depend on various factors and may not be proportional to the decrease in price.
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According to president reagan’s model for supply-side economics, the first step to triggering a cycle of growth was reducing taxes. raising taxes. regulating businesses. creating government programs.
Answers
President Reagan's model for supply side economics emphasised on reducing taxes as the first step for triggering the cycle of Growth.
What is supply-side economics?Supply-side economics is a macroeconomic theory in which focus is given on supply side. In this theory Tax reduction ,decrease in regulation will ultimately improve the economic growth.
Producers will pass on the benifits to employees and on production front the produce will be more with lower prices.
Reducing taxes as per supply side economics will trigger a cycle of growth. Hence Option A is correct.
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Answer:
A
Explanation:
· Hope's contribution to her RETIREMENT plan...
a. is a post-tax contribution on which she pays federal income taxes
b. is pre-tax and therefore not included in federal income taxes
c. Is a contribution to her Social Security
d. is taxed at a rate of 15%
Answers
Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.
What does the check say?The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
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A savings account is paid 6.12% interest compounded monthly. Find the effective interest rate. (3 marks) (b) You plan to set up a fund which you can withdraw RM500 every 3 months for 10 years. The fund receives 3.2% of interest compounded quarterly. Find the amount of money that you should set aside for the fund at the beginning of the plan. (Give your answer to the nearest RM). (3 marks) (c) A firm secures a loan for an amount of RM120,000 for 10 years with 5.4% interest rate per year compounded monthly. How much is the unpaid balance after 4 years of loan instalment? (Give your answer to the nearest RM)
Answers
(a) The effective interest rate is approximately 6.28%.
(b) The amount of money that should be set aside for the fund at the beginning of the plan is approximately RM17,984.79.
(c) The unpaid balance after 4 years of loan installment is approximately RM73,710.28.
Explanation:
(a) The effective interest rate can be calculated using the formula: r = (1 + i/n)^n - 1. Here, i is the annual interest rate and n is the number of times interest is compounded per year. For this case, i is 6.12% and n is 12 (compounded monthly). Therefore:
r = (1 + 0.0612/12)^12 - 1
≈ 6.28%
Hence, the effective interest rate is approximately 6.28%.
(b) To determine the amount of money required for the fund, the formula A = (P(1 + r/n)^(nt) - C((1 + r/n)^(nt) - 1))/(1 + r/n)^nt can be used. Here, A represents the required amount, P is the initial amount, r is the annual interest rate, n is the number of times interest is compounded per year, t is the number of years, and C is the amount withdrawn each period.
In this case, P needs to be determined. The given values are: r = 3.2%, n = 4 (compounded quarterly), t = 10 years, and C = RM500 every 3 months (equivalent to RM2,000 per year).
Therefore, the calculation is as follows:
A = (P(1 + 0.032/4)^(4*10) - 2000((1 + 0.032/4)^(4*10) - 1))/(1 + 0.032/4)^(4*10)
≈ RM17,984.79
Thus, the amount of money that should be set aside for the fund at the beginning of the plan is approximately RM17,984.79.
(c) To find the unpaid balance after 4 years of loan installment, the formula A = P(1 + r/n)^(nt) - [(1 + r/n)^(nt) - 1]/(r/n) * PMT can be used. Here, A represents the unpaid balance, P is the initial loan amount, r is the annual interest rate, n is the number of times interest is compounded per year, t is the number of years, and PMT is the monthly payment.
Given P = RM120,000, r = 5.4%, n = 12 (compounded monthly), t = 10 years, and PMT can be calculated using the present value annuity formula: PMT = P * r/n/(1 - (1 + r/n)^(-nt)) = RM1,271.93 per month.
The calculation is as follows:
A = 120000(1 + 0.054/12)^(12*4) - [(1 + 0.054/12)^(12*4) - 1]/(0.054/12) * 1271.93
≈ RM73,710.28
Therefore, the unpaid balance after 4 years of loan installment is approximately RM73,710.28.
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