The following changes in Marginal Prospensity to consume (MPC) when the government increases its spending by $250 billion are resulting change in GDP such:
MPC = 0.2, GDP = $312.5 billionMPC = 0.5, GDP = $500 billionMPC = 0.8, GDP = $1,250 billionMarginal Prospensity to Consume or MPC is the proportion of an aggregate raise in pay that consumers spend on the consumption of products instead of saving it. MPC measures the degree to which consumers will spend or save their raised pay.
MPC could be calculated by dividing the change in consumption with the change in disposable income. MPC is related to GDP because of Multiplier Effect.
Multiplier Effect shows how much increase in average consumers spending utimately lead to increase in national income greater than the initial amount spent at a given MPC. Multiplier effect could be formulized as:
Multiplier = 1/(1-MPC)
Multiplier effect could predict the change in GDP through formula:
Change in GDP = Multiplier x GDP
From the case, we have 3 scenarios:
Scenario 1
MPC = 0.2
Multiplier = 1/(1-0.2) = 1.25
Increase in GDP = $250 billion
Change in GDP = 1.25 x $250 bill
Change in GDP = $312.50 billion
Scenario 2
MPC = 0.5
Multiplier = 1/(1-0.5) = 2
Increase in GDP = $250 billion
Change in GDP = 2 x $250 bill
Change in GDP = $500 billion
Scenario 3
MPC = 0.8
Multiplier = 1/(1-0.8) = 5
Increase in GDP = $250 billion
Change in GDP = 5 x $250 bill
Change in GDP = $1,250 billion
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What are 3 examples of mixed economy?.
Three countries, which can be identified as ideal examples of a mixed economy, include,
IndiaChinaNorwayA mixed economy can be referred to or considered as an economy wherein the functioning of economic activities is held by both the public as well as the private sectors. This creates a sense of distribution of essential services and sectors under government control for better and efficient management of the economic functions. The economic activities do not have interference between the public and the private enterprises.
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Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, and $50 increments. Assume Apple sells $19.5 million in iTunes gift cards in November, and customers redeem $12.5 million of the gift cards in December.
1. Record journal entries for cash receipt and for revenue earned from redemption of gift cards
2. Ending balance in deferred revenue account
The ending balance in the unearned revenue account is $7 millions .
Record journal entries ?Debit: Cash. $19.7m
Credit: Unearned Revenue $19.7m
Being sales of gift card for the month of December.
Debit: Unearned Revenue. $12.7m
Credit: Sales. $12.7m
Being actual gift card redeemed for the month if December.
Unearned Revenue a/c has a credit balance of $7m as unredeemed gift card. Its a liability to the company as they have the money but the cards are yet to be redeemed.
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travel lines offered to sell 10 round-trip tickets to elaine. travel lines stated that the acceptance must be in writing by usps next-day service. which of the following acceptances will create a contract between travel lines and elaine?
Elaine notifies Travel Lines in writing that she will purchase the tickets through USPS Next-Day Service.
Explanation:When the offeror accepts the conditions of a sale or contract and the offerer communicates those terms, a contract is created.
Now the agreement can be enforced.In this instance, Elaine notifies Travel Lines in writing that she will purchase the tickets through USPS Next-Day Service.
By delivering the purchase notification the following day, Elaine has established a contract.
What are the four fundamental components of a legal contract?The fundamental components necessary for the agreement to be a legitimate offer and acceptance, appropriate compensation, capacity, and legality are: mutual assent, represented through a contract-compliant offer, In some states, a suitable alternative can satisfy the requirements of consideration.
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What are the personal entrepreneurial competencies of a successful entrepreneur?.
All entrepreneurs should have the following skills:
• Personal Skills:
These skills include creativity, determination, integrity, tenacity, emotional balance, and self-criticism.
• Social skills:
These competencies include communication, commitment/charisma, delegation and respect.
• Business Skills:
These competencies include business vision, resource management, networking, and negotiation skills. Entrepreneurship is the set of skills and behaviors required to start, develop, manage and grow a business. This includes the ability to manage the risks associated with running a business.
Being innovative and creative is important, but being competent is essential to business growth. These can be achieved through training, learning new skills, attitudes, personal relationships, initiative and information seeking to achieve entrepreneurial goals. Identify strengths and weaknesses.
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what approach would you recommend that low- and middle-income countries take to prevent and control unintentional injuries?
Low- and middle-income countries take to prevent and control unintentional injuries by Carrying out pilot projects based on what has worked in high-income countries, adapting to the local context, and expanding more broadly with time.
Unintentional injury, as the term implies, is one that occurs without purpose—that is, without intending to harm anyone. Carelessness, inattention, and distraction are a few of the causes of this type of damage.
The main criterion for low- and middle-income nations is pilot projects. It consists of small-scale research and a feasibility test for long-term beneficial undertakings. As a result, they can benefit greatly from the labor investments made by industrialized nations and create long-term stability.
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The following is cost Information for the Creamy Crisp Donut Company. = Entrepreneur's potential earnings as a salarled worker = $55,000 Annual lease on building = $23,000 Annual revenue from operations = $320.000 Payments to workers = $130,000 Utilities (electricity, water, disposal) costs = $8,000 Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 Creamy Crisp's total economic costs are Multiple Choice S302,000. $161.000. $18.000. $167.000
Creamy Crisp's total economic costs will be $302,000. Hence, option a) is correct.
Total cost = $55,000+ $23,000+$130,000+$8,000 +$80,000+$6,000
= $302,000
What is Total cost?
Total cost is a word used in economics to express how much it costs a corporation to produce a product or all associated costs. It can also be used to figure out how much using services will cost. A key metric of financial health is total cost. It offers particular details about the typical expenditures made by an individual or business. Total cost can help you assess whether you are overspending on a particular item and whether you need to reduce any of those prices.
Total cost in the context of a business can motivate an organization to seek out strategies to increase or decrease earnings.
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a company borrowed $27,000 by signing a 90-day promissory note at 12%. the total to be paid at maturity of the note is:
A company borrowed an amount of $27,000 by signing 90-day promissory note with 12% interest. then the total paid cost at maturity is $810.
An hobby price tells you ways excessive the fee of borrowing is, or excessive the rewards are for saving. So, if you are a borrower, the hobby price is the quantity you're charged for borrowing cash, proven as a percent of the whole quantity of the loan.
Interest price is the quantity charged over and above the major quantity with the aid of using the lender from the borrower. In phrases of the receiver, someone deposits cash to any financial institution or monetary organization additionally earns extra earnings thinking about the time cost of cash.
Here Principal 27000 and Interest Rate =12%
term = 90, No of days in a Year = 360
Interest = Principal * interest rate * (term/no of days)
Interest = 27000 * 12.0 * (90/360)
Interest = 810
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a mutual fund that invests in common stocks and bonds with the primary objectives of conserving capital, providing income, and long-term growth is called a(n) fund.
A mutual fund that invests in common stocks and bonds with the primary objectives of conserving capital, providing income, and long-term growth is called Balanced fund.
What is balance fund?Financial vehicles known as balanced funds make investments in a combination of the debt and equity markets according to predetermined ratios. These funds, also referred to as hybrid funds, give investors the option of diversifying their mutual fund-based portfolios. They offer the optimum risk-reward balance and help to maximize returns on investment since they maintain a balance between both the debt and equity parts.
The portfolio of balanced mutual funds is made up of between 40 and 60 percent of equity-oriented investments. The fact that these funds guarantee capital growth and act as a safety net against potential threats is their main benefit to investors.
As a result, these funds are primarily targeted towards investors looking for a mix of low-risk investment opportunities, income, and capital appreciation.
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orda wireless game controller compatible with ps4/pro/pc,with motion motors, mini led indicator and anti-slip design - berry blue
The new edition of the controllers has a led on the touchpad and their buttons and sticks are gray as opposed to the lower back.
The automobiles generate linear motion immediately, which removes the want for actuators and couplings. movement control is a sub-discipline of automation whereby position or speed machines have managed the usage of motion manipulate tools, such as a linear actuator, electric powered motor, hydraulic pump, or servo motor. motion manipulation encompasses each era related to the motion of items.
There are four fundamental motor controllers and drive sorts: AC, DC, servo, and stepper, every having an enter power kind modified to the preferred output characteristic to healthy with an application.
A movement sensor or movement detector is a digital tool this is designed to detect and degree motion. motion sensors are used often in domestic and commercial enterprise security structures, however, they can also be located in phones, paper towel dispensers, sports consoles, and digital truth structures.
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terrance, age 47, withdrew $22,000 from an employer-sponsored qualified retirement plan to pay for a new rv. compute the tax cost (and premature withdrawal penalty, if applicable) of the withdrawal if terrance has a 37% marginal tax rate on ordinary income. Tax Cost is_____?
If terrance, age 47, withdrew $22,000 from an employer-sponsored qualified retirement plan to pay for a new rv. The tax cost is: $10,340.
How to find the tax cost?Using this formula to find the tax cost
Tax cost=(Amount withdrew × Marginal tax)+ Premature withdrawal penalty
Let plug in the formula
Tax cost=x ($22,000 × 37%) + $2,200
Tax cost=$8,140+$2,200
Tax cost=$10,340
Therefore the tax cost is is the amount of $10,340.
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when calculating the weighted average cost of capital, weights are based on
When calculating the weighted average cost of capital, weights are based on how much debt and equity the company uses.
What is the weighted average cost of capital (WACC)?Bondholders' or shareholders' average cost to attract investors is shown by the weighted average cost of capital (WACC). The computation gives internal initiatives or possible acquisitions a clear hurdle rate by weighting the cost of capital based on how much loan and equity the firm utilizes.
Because WACC expresses the return that both bondholders and shareholders require in order to provide the company with capital in a single number, it is frequently used to calculate the required rate of return (RRR). Because investors will demand higher returns, a company's WACC is likely to be higher if its stock is relatively volatile or if its debt is regarded as risky.
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Jasmine is at the career services department. She has taken a personality questionnaire and is now talking with a counselor about her vocational interests. At this stage of her career search, Jasmine is likely trying to determine __________.
how much money she can make
her leadership style
vocational fit
her job satisfaction
Jasmine is at the career services department. She has taken a personality questionnaire and is now talking with a counselor about her vocational interests. At this stage of her career search, Jasmine is likely trying to determine a vocational fit.
Career interests reflect the extent to which individuals prefer specific career choices and activities/behaviors that may be common to various positions.
Professional interests can be defined as the set of positions, activities, or occupations that a person holds during his or her professional life. Career Interests is the process by which children and young people test their ideas of what they want to be when they grow up. Grew up is from when she is 4 years old to when she is 14 years old.
The Professional Interest List is a test designed to help people identify their interests and areas of interest. In some cases, it also helps outline the path to get there, such as desired college majors and required work experience.
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which function pertains to the federal reserve system? i. collecting corporate income tax ii. setting personal income tax rates iii. holding bank reserves i only ii only iii only i, ii, and iii
Holding bank reserves function pertains to federal reserve system.
What are bank reserves?A commercial bank's cash holdings and the deposits it has in its account with the central bank together make up its bank reserves. The fractional-reserve banking system, which is used in the majority of nations, relies on central banks to set minimum reserve requirements, which compel commercial banks under their control to hold cash or deposits at the central bank equal to at least a specified portion of their liabilities, such as customer deposits. These amounts are typically referred to as required reserves, while surplus reserves are any funds over the required level. The purpose of these reserves is to guarantee that, in the course of normal business, the banking system will have enough liquidity to pay out cash to bank customers.
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which of the following describes the activities that play an important role in connecting brands to consumers in the final phases of the buying process?
A.
Shopper marketing
B.
Warehousing
C.
Retailing
D.
Manufacturing
E.
Wholesaling
The activity that play an important role in connecting brands to consumers in the final phases of the buying process is C. Retailing.
What is the role of retailing in the buying process?Retailing refers to the set of activities that allow for consumers to be able to access goods and services that were produced by different companies and brands. The process of retailing often comes in the final phases of the buying project as it involves the consumers who are the end stage of the buying process as they are the ones to consume the goods and services being sold.
Retailing is therefore hugely important because it connects the brands to the consumers that they serve . Without retailing, companies would make products and services and be unable to sell them to anyone as they would not have any connection to the final consumers .
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nutrisystem once used direct-mail marketing to contact potential customers. which is not an advantage of direct-mail marketing?
Direct-mail marketing is not an advantage or less expensive than mass media.
What is direct mail marketing?
Any tangible letter you send to consumers in the hopes that they would support your business is known as direct mail marketing. Your direct mailers just need to include information identifying you or your company, a call to action (CTA), and a method for clients to get in touch with you.
Direct mail has a wide range of advantages, let me talk about the most important ones.
Highly targeted. Every direct mail campaign has great targeting options.
Personalized. Each letter can contain personalized information.
Tangible format.
Range of formats.
Easily measured.
Cost-effective.
Proven track record.
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when selling stocks, which method of calculating basis provides the greatest opportunity for minimizing gains or increasing losses? a) lifo b) fifo c) weighted average d) specific identification e) none of the choices are correct.
Specific Identifications are the best methods for selling stocks that provide the greatest opportunity for minimizing gains or increasing losses. Hence, option D is appropriate.
What are stocks?All of the shares used to split ownership of such a company or an organization constitute stock in the financial world. A single share of stock represents a fractional ownership interest in the company based on the total number or shares.
An investment in a business is known as a stock. Company can issue stock ability to raise capital to fund operational expenses and drive expansion, and investors purchase those stock shares in order to have the chance to make a profit.
Hence, option D is correct.
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what is the cost code chart usually made up of? group of answer choices project number activity code checking only at the end of the job
Cost code chart is usually made up of activity, code, project number
Each task listed in the project estimate and schedule is given a cost code, which serves as a reference number. This code frequently uses the CSI division number as well as a different number to specify the type of expense. Cost codes are a collection of distinct costs based on their type or purpose. They typically include an account title and numeric characters. These facilitate determining a job's cost.
All work items that contribute to the overall project costs, such as materials, labor, equipment, subcontracts, and overhead, are tracked using cost codes. These cost codes allow for the tracking of all job-related cost information.
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what will happen to the money supply and the equilibrium interest rate if the federal reserve sells treasury securities?
"The amount of money in circulation will drop, and the equilibrium interest rate will rise," when the money supply and the equilibrium interest rate if the federal reserve sells treasury securities.
On December 23, 1913, President Woodrow Wilson signed the Federal Reserve Act, which established the Federal Reserve. It is the United States' central bank, and it was established to give the country a more secure and stable financial and monetary system.
The Federal Reserve has four duties: implementing monetary policy, To ensure the banking and financial system, banks and other financial institutions are regulated and overseen. To reduce the risks associated with the financial markets, keep the financial system stable while also providing the US government, financial institutions, and the nation's payment systems with financial services.
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How do bonds work as an investment?.
The bonds work as an investment when you buy a bond, you make a loan to the issuer and they agree to repay you the face value of the loan on a certain date and pay you regular interest payments on an ongoing basis, usually twice a year.
What is investment?An investment is essentially an asset created with the purpose of allowing money to grow. The wealth you create can be used for a variety of purposes, such as covering income, saving for retirement or meeting certain obligations, such as repaying loans, paying school fees or acquiring other assets.
Understanding the definition of investment is crucial because sometimes it can be difficult to choose the right tools to achieve your financial goals. If you know how important investing is in your financial situation, you can make the right choices. Investing can earn you income in two ways. first, when you invest in tradable assets, you can earn income through profits. second, once an investment is made in an income plan, you earn income by accumulating profits.
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TRUE/FALSE. when a monopolistically competitive firm cuts its price to increase its sales, it experiences a loss in revenue due to the income effect and a gain in revenue due to the substitution effect.
When a monopolistically competitive firm cuts its price to increase its sales, it experiences a loss in revenue due to the income effect and a gain in revenue due to the substitution effect. Thus the statement is False.
What is the Substitution effect?When a product's price increases, consumers may transfer to less expensive substitutes, which results in a decline in sales known as the substitution effect.
When a consumer switches from one product to another owing to a change in comparable costs and finances, it may result in the substitution effect.
Customers have the option to purchase a comparable product from another company when a monopolistic rival raises its price. A corporation with perfect competition would lose more clients as a result of a price increase from a dominant rival.
Therefore, the statement is False.
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tim wrench was leading the client services division of amweb for seven years when he was asked to move to another region where the company was setting up its office. before moving, tim was asked to help in finding a successor for him from his team. tim's most obvious choice was judy judge, and the management accepted his choice as judy was a popular person across the company. judy was known for her vivacious nature, was often seen speaking to employees from various divisions, and was always excited to take up a new opportunity. once she became a leader, she continued to give employees freedom and flexibility even if it resulted in deficiencies on the work front like missed deadlines or low quality. judy's initial weeks as a leader were full of confusion among her team members, but many felt that the situation would come under control. when things did not improve in the next two months and many complaints poured in from clients, the management realized that judy was not the best candidate to lead the team. which of the following, if true, would best explain this outcome?
Answer: Research has shown that traits can predict the emergence of a leader, but not his or her efficiency as a leader.
Explanation:
After Judy became Tim's successor she continued to gives employees freedom and flexibility, but it only lead to more deficiencies on work. This case represents researcher's finding about leadership traits and leadership succession, where traits might predict the emergence of a leader,but not his or her efficiency as a leader.
Leadership traits are personal qualities of a person that could be used to define an effective leader. Leadership represents someone ability to guide other individuals, teams, or organization towards the overall goals and objectives.
In preparing an appropriate succesor, a leader has to prepare a proper succession planning. Succession planning details steps for identifying and developing new leaders to replace its predecessor.
In succession planning, there are 10 steps to take into consideration:
Determine the key leadership positionsCreate a small team to assess the job description, key job function and responsibilites.Ask the current leader to work closely with the team.Identify key steps and action items.Link the company's strategic planning and business objectivesIdenfity internal potential candidates Evaluate each candidates capabilities and develop skill development plans to meet any gapsDevelop a trasition timelineDocument progressEvaluate the succession plan effectiveness.We find on the case that, Tim has limited time to prepare its successor and unable to properly prepare Judy for his position. Judy might be seems as a good potential leader, but the reality shown that she is failed to meet the expectation of the management board. She is unable to become an effective leader and replace Tim as expected.
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Complete Question:
Tim wrench was leading the client services division of amweb for seven years when he was asked to move to another region where the company was setting up its office. before moving, tim was asked to help in finding a successor for him from his team. tim's most obvious choice was judy judge, and the management accepted his choice as judy was a popular person across the company. judy was known for her vivacious nature, was often seen speaking to employees from various divisions, and was always excited to take up a new opportunity. once she became a leader, she continued to give employees freedom and flexibility even if it resulted in deficiencies on the work front like missed deadlines or low quality. judy's initial weeks as a leader were full of confusion among her team members, but many felt that the situation would come under control. when things did not improve in the next two months and many complaints poured in from clients, the management realized that judy was not the best candidate to lead the team. which of the following, if true, would best explain this outcome?
a. Judy was a high-performing employee and enjoyed good relationships with everyone on the team.
b. Everyone felt Judy was given insufficient time to prove her worth as a leader.
c. Researcher has shown that traits can predict the emergene of aleader, but not his or her efficiency as a leader.
d. The client complaints were a common thing encountered by the company.
e. Judy demonstrated low levels of consideration ad high-levels of task-orientation.
ethan worked as a salesperson for a pharmaceutical company. for the past year he missed every sales quota and stretch goal originally set at the beginning of the year. even though his boss worked with him and sent him to receive additional training, ethan improved only slightly. in addition, ethan was not a team player and often upset other employees. his boss has decided to let him go and is now considering what type of termination to use. which of the following describes a mutual-agreement termination?
The reason for a mutual agreement termination is option A: His boss wants Ethan to quit but decides to soften blow of the firing (as in a forced resignation).
The best way to let Ethan go that would prevent him from fully feeling the blow of being fired is to convince him to resign because he isn't doing what the company demands. To achieve mutual agreement for Ethan's job termination from the company, a forced resignation would be the best course of action in the scenario in question.
Employees believe that training is how the company is putting them in position for better opportunities. This promotes loyalty to the company and job satisfaction. To increase employee retention, training should emphasise the importance of the employee. Employees are interested in attending trainings and seminars to learn more.
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Complete question is:
Ethan worked as a salesperson for a pharmaceutical company. for the past year he missed every sales quota and stretch goal originally set at the beginning of the year. even though his boss worked with him and sent him to receive additional training, ethan improved only slightly. in addition, ethan was not a team player and often upset other employees. his boss has decided to let him go and is now considering what type of termination to use. Which of the following would be a reason for a mutual-agreement termination?
a.His boss wants Ethan to quit but decides to soften blow of the firing (as in a forced resignation)
b.The company is downsizing and has eliminated the employee's position
c.His boss fires him directly for failing to meet goals
d.Ethan think he can do better next year and wants another chance to increase his sales
pharoah company acquires a delivery truck at a cost of $62,000 on january 1, 2022. the truck is expected to have a salvage value of $16.000 at the end of its 5-year useful life compute annual depreciation for the first and second years using the straight-line method.Annual depreciation expense: Year 1 $____________. Year 2 $____________
If pharoah company acquires a delivery truck at a cost of $62,000 on january 1, 2022. The Annual depreciation expense: is Year 1 $9,200 and year 2 $9,200.
How to find the annual depreciation expense?Using this formula to find the annual depreciation expense
Depreciation = Assets - Salvage value /Useful life
Let plug in the formula
Depreciation = $62,000 - $16,000 / 5
Depreciation = $46,000 / 5
Depreciation = $9,200 each year
Therefore the Annual depreciation expense is $9,200 per year.
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mark was severely injured while on vacation and expects to be unable to work for at least 12 months. because of his injury, he should expect to be eligible for disability income from:
Mark should be eligible for disability income from social security. ( Option E )
- The foundation of Social Security is a straightforward idea: while you are working, you contribute taxes to the Social Security system, and when you retire or become disabled, you, your spouse, and your dependent children receive monthly benefits that are calculated based on your reported earnings.
- As an illustration, Social Security provides payments to disabled workers who meet the necessary medical and insurance criteria. If a disabled worker or their family member receives certain public disability benefits (like workers' compensation), the payments they get may be reduced.
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The complete question is :
Mark was severely injured while on vacation and expects to be unable to work for at least 12 months. Because of his injury, he should expect to be eligible for disability income from
a. A private income insurance program.
b. Medicaid.
c. Medicare.
d. Correct Response
e. Social Security.
f. Worker's compensation.
Question 4 of 8 > For each of the scenarios, please decide whether there will be an increase or decrease in short-run aggregate supply or if there will be no change. Changes in the healthcare market cause employers to pay significantly more for health insurance they provide employees. The price of lumber, a commodity, rises drastically due to the effect of heavy winter weather in the American Northwest, where much of the world's lumber is grown. short-run aggregate supply decreases short-run aggregate supply decreases The production of a new type of blade for their combine harvesters, a tractor used to harvest crops, has allowed wheat farmers, like Herbert, to increase productivity by 40%. short-run aggregate supply increases
Increased use of current inputs in the production process is the short-term response of aggregate supply to rising demand (and prices).
A company can't, for the short term, build a new factory or introduce new technology to boost production efficiency because the level of capital is fixed.
What is short run and long run aggregate supply?
The intersection of the economy's aggregate demand and long-run aggregate supply curves determines its equilibrium real GDP and price level in the long run. The short-run aggregate supply curve is an upward-sloping curve that shows the quantity of total output that will be produced at each price level in the short run.
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Financial assets that will mature within a year are bought and sold in the ________ market.
A) debt
B) capital
C) stock
D) money
Answer: D
Financial assets that will mature within a year are bought and sold in the money market.
What are the different types of market?
Debt market - The market where debt instruments are traded is known as the debt market. Assets known as debt instruments call for a specific payment to be made to the owner, typically with interest.Capital market - Stock, bond, currency, and other financial assets are traded in capital markets, which are financial marketplaces that connect buyers and sellers.Stock market - It is an interconnected system of stock exchanges where investors and traders can buy and sell shares of publicly listed firms. A procedure known as an initial public offering allows private companies to list shares of their stock on a market (IPO).Money market - Bank accounts, including term certificates of deposit, interbank loans (loans between banks), money market mutual funds, commercial paper, Treasury bills, and securities lending and repurchase agreements are among the items traded in money markets (repos).The debt, capital and stock markets are longer-term in nature.
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Consider a good with external costs. Which of the following descriptions characterizes quantities of goods between the market equilibrium quantity and the allocatively efficient quantity?
a) These quantities will not be produced by the private market, but the government can add these quantities to production using a subsidy, resulting in higher economic efficiency.
b) These quantities will not be produced by the private market, but the government can add these quantities to production using a tax, resulting in higher economic efficiency.
c) These quantities will be produced by the private market, but the government can eliminate these quantities from production using a subsidy, resulting in higher economic efficiency.
d) These quantities will be produced by the private market, but the government can eliminate these quantities from production using a tax, resulting in higher economic efficiency.
Consider a good with external costs. When the market equilibrium quantity is differe with the allocatively efficient quantity, these quantities will be produced by the private market, but the government can eliminate these quantities from production using a tax, resulting in higher economic efficiency (D).
Allocational efficiency or allocative efficiency is a characteristic of an efficient market where all capital is utilized in a way that is most beneficial to all the parties involved. Allocative efficiency represents an optimal distribution of products to consumers in an economy and an optiomal distribution of financial capital to firms among investors.
Allocative efficiency happens when all parties in a market are able to use the available data accurately and readily to make decision about how to utilize their resources. Allocative efficiency is located at an output level where the price equals the marginal cost (MC) of production. In this condition, consumers are willing to pay the price that they believe is equal to the marginal utility (MU) they get.
Market equilibrium is achieved whe a certain amount of the individual commodity provides maximum satisfaction to society. Meanwhile allocative efficiency occures when the products produced close to the quantity desired by society.
To make sure the market equilibrium quantity and the Allocatively efficient quantity meet at the same point, the government could generate tax to eliminate these quantities of product desired. The private sector will be responsible to produce the desired products. The tax implemented by the government will decrease the quantity of products desired by society hence help the economy reach higher efficiency.
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3. total paid-in capital is $87.50 million. at what average price per share were the common shares issued?
We may determine the issue price per share to be roughly $39.96 by dividing this number by the 13,800,000 shares that were issued.
How do you calculate the typical issue price per share of common stock?To get the gross (total) proceeds from the stock issuance, start by adding the net proceeds to the costs. To determine the issue price per share, multiply the gross revenues by the total number of shares issued.
The average cost is computed by dividing the total dollar investment in a mutual fund position by the number of shares held.
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what key to career growth did jeff bezos possess that motivated him to leave a stable lucrative job and create a start-up that became amazon? multiple choice question. ability to take risks eager to please frustration with current situation desire to learn
The key to career growth that Jeff Bezos possessed that motivated him to leave a stable lucrative job and create a start-up that become Amazon was the ability to take risks.
How did Jeff Bezos start Amazon?
In order to start his own online bookstore, Jeff Bezos left his position as an investment banker in 1994 and relocated to Seattle, Washington. Bezos started creating the website's software in his garage while employing a small number of people. He called it Amazon.com. In 1995, it made its first book sale.
The key to career growth that Jeff Bezos possessed that motivated him to leave a stable lucrative job and create a start-up that become Amazon was the ability to take risks.
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The following data has been provided by Moretta Corporation, a company that produces forklift trucks:
Budgeted production 3400 trucks
Standard machine-hours per truck 2.9 machine-hours
Standard supplies cost $1.50 per machine hour
Actual production 3800 trucks
Actual machine-hours 10930 machine-hours
Actual supplies cost (total) $17496
Supplies cost is an element of variable manufacturing overhead. The variable overhead efficiency variance for supplies cost is:
A) $135 U
B) $135 F
C) $966 U
D) $966 F
The variable overhead efficiency variance for supplies cost is:
[tex]$135 U[/tex]
The difference between the number of hours actually worked and those that were budgeted, which are then multiplied by the hourly standard variable overhead rate, is known as the variable overhead efficiency variance. The equation is: Variable overhead efficiency variance = Standard overhead rate x (Actual hours - Standard hours)
[tex]=17496*910930-2.9)=1098 or135U[/tex]
A favorable variance occurs when the number of hours actually worked falls within the range of the budgeted number of hours. As a result, the standard overhead rate is applied over fewer hours, which reduces the cost that is spent. A favorable variance just indicates that the allocation base that was used to apply overhead was improved; it does not suggest that a company has really incurred less overhead.
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