Price is constant or given to the individual firm selling in a purely competitive market because each seller supplies a negligible fraction of the total supply. For a purely competitive seller, price equals average revenue.
In economics, especially general equilibrium theory, the perfect market, also called an atomistic market, is defined by several idealized conditions collectively called perfect or atomistic competition. A theoretical model with perfect competition states that the market will reach an equilibrium in which the quantity supplied of any product or service, including labor, equals the quantity demanded at the current price. This equilibrium is Pareto optimal.
Perfect competition provides both allocative efficiency and production efficiency: Such markets are efficient because output occurs whenever marginal cost equals average return, i.e. price (MC = AR). target. Under perfect competition, all profit-maximizing producers face a market price equal to their marginal cost (P = MC).
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8. natural monopoly analysis the following graph shows the demand (d) for cable services in the imaginary town of utilityburg. the graph also shows the marginal revenue (mr) curve, the marginal cost (mc) curve, and the average total cost (atc) curve for the local cable company, a natural monopolist. on the following graph, use the black point (plus symbol) to indicate the profit-maximizing price and quantity for this natural monopolist. monopoly outcome 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (number of subscriptions) d mr mc atc which of the following statements are true about this natural monopoly? check all that apply. in order for a monopoly to exist in this case, the government must have intervened and created it. the cable company is experiencing economies of scale. the cable company is experiencing diseconomies of scale. the cable company must own a scarce resource. true or false: without government regulation, natural monopolies can earn positive profit in the long run. true false
Natural monopolies are permitted when one firm can provide a good or service for less money than any potential rival, but they are frequently very tightly controlled to safeguard consumers.
What is the main goal of natural monopoly?A monopoly in economics is naturally characterized as one that results from a market condition with extraordinarily high fixed costs or challenging entry barriers for startups in special business or offering consumer services.
Because there is only one most effective firm whose supply satisfies the demand in the market effectively, a natural monopoly exists. The power sector is one illustration.
Therefore, It applies to markets where it is advantageous to supply a product or service by a single business rather than by several.
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a company sold equipment that originally cost $400,000 for $160,000 cash. the accumulated depreciation on the equipment was $240,000. the company should recognize a:
The company should opt for a straight-line method when calculating the depreciation of equipment.
What is a straight-line method of depreciation?It is used to allocate the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used. It allows companies to generate income from the assets they own by making payments over a period of time.The easiest way to calculate annual depreciation expense. This method deducts the same amount of depreciation from the value of the asset for each year of its useful life.A common method of depreciation that reduces the value of a fixed asset over its useful life. it is Used to reduce the book value of a fixed asset over its useful life. The straight-line method depreciates the cost of an asset by the same amount each accounting period. The value of the asset is reduced evenly over each period until the residual value is reached. Straight-line depreciation is the most common and simplest method of allocating the cost of fixed assets. It is calculated simply by dividing the cost of the asset minus the residual value by the useful life of the asset.learn more about depreciation refer to
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In an ____ auction, companies invite sellers to submit bids for products and services so that the buyer can choose the seller that offers the service or product at the lowest price.
In an reverse seller-bid auction, companies invite sellers to submit bids for products and services so that the buyer can choose the seller that offers the service or product at the lowest price.
What is reverse auction?
In a reverse auction, vendors compete to set the price at which they will offer their products and services for sale. In a typical auction, a seller places an item up for bids from interested parties, who then place bids until the auction closes, when the item is awarded to the highest bidder.What is a reverse auction's primary drawback?
Only price reductions are dealt with in a reverse auction. It does not provide information on additional contract fees. This could influence a buyer to select a vendor who offers an ostensibly low price but delivers a subpar good or service or charges a high delivery fee.Learn more about reverse seller-bid auction
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which of the following must be included when an entity issues general purpose financial reports separately from a cafr? select one: a. notes to the financial statements b. introductory section c. statistical section d. combining statement of blended component units
Notes to financial statements must be included when an entity issues general purpose financial reports separately from a CAFR. The answer is A.
CAFR stands for Comprehensive Annual Financial Report, is a set of U.S government financial statements comprising the financial report of a state, municipal or other governmental entity that complies with the accounting requirements promulgated by the Governmental Accounting Standards Boards (GASB).
Why notes to financial statements must be included?
It is the requirement when an entity issues general purpose financial reports separately from a Comprehensive Annual Financial Report (CAFR).
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the number of people who shop versus the number of people who actually make or book reservations is known as the ratio. group of answer choices supply/demand look-to-book cross-selling gds
Cross-selling involves convincing customers to purchase additional products or services in addition to the ones they had initially planned to. When they are complementary to one another, which happens frequently, customers are more inclined to purchase both cross-sold items.
When a consumer starts the checkout process or adds an item to their shopping cart, they are inferring to the company that they are a current client and intend to make a purchase. Businesses frequently use a cross-sell during this stage of the buyer's cycle by suggesting a related product or offering a discount if both are bought at once.
The practice of persuading customers to upgrade or add-on to the good or service they are purchasing is known as upselling. The advertised good or service is usually expensive which might raise the total cost of the order.
Similar to cross-selling, upselling often takes place when a customer has started the checkout process or added something to their basket and is more open to final sales pitches. The likelihood that the consumer will ultimately opt to switch at the last minute should improve as they are likely to have already done some research on the product and may have thought about the upgrade or add-on.
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when can an employer perform a drug screen on employees? a. when the employee has missed four days or more of work b. when the employee calls off on mondays and fridays c. when another employee complains that an employee smells like alcohol d. when the employer has reasonable concerns of impairment
Answer:
Louisa works in Marketing. She works with several different areas of the company that employs her. Which task does Louisa have others perform?
conducting meetings at a satellite office
working on new marketing campaigns at home
participating in teleconferences in her home office
training other employees how to use a computer
Explanation:
what is the customer margin for denny corporation? what conclusion can you draw from this information?
The entire revenue that a customer generates (from all transactions) less the cost to acquire and maintain them is known as customer margin. Providing the same excellent service to every customer won't get you where you want to go—you need a diversity of clients who contribute to positive customer margins. Take the amount a customer paid and deduct amortized fixed costs to determine the profit margin.
Computation of Customer margin:
Sales = $9000
Less: Costs
Direct Material = $1800
Direct Labor = $1350
Manufacturing
Overhead = $6750 ($9900)
Customer Margin = ($900)
With a $900 negative customer margin, it can be concluded that Denny Corporation is not profitable.
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what was the focus of the second new deal? question 13 options: business recovery sustaining mass purchasing power among the population promoting employment in private businesses aiding agricultural workers maintaining economic inequality
The WPA, led by Roosevelt's close ally Harry Hopkins, sought to give the unemployed work that would keep their abilities sharp.
What was the second new deal's primary goal?Programs to transfer wealth, money, and power in favor of the underprivileged, the elderly, farmers, and labor unions were also featured. The National Labor Relations Act (also known as the "Wagner Act"), the Banking Act of 1935, rural electrification, and dissolution of utility holding firms were among the most significant initiatives.
What happened in the second deal?A second New Deal would later take shape, bringing with it measures to safeguard unions, the Social Security Act, and aid for tenant farmers and migrant laborers. Many of the New Deal's initiatives or programs became known by their initials.
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To be an active participant in a meeting, it's MOST essential to do what?
A. provide new ideas
B. ask questions
C. interrupt
D. listen
PLS ANSWER QUICK ILL GIVE BRAINLIEST!!!!!!!!!!!!!!!
Answer:
D is the correct answer
the one who listens
defined benefit pension plans: a.are less regulated pension plans b.are not insured through the pension benefit guaranty corporation (pbgc) c.require a specific contribution each pay period d.promise a specific pension benefit upon retirement
Benefit pension plans promise a specific pension benefit upon retirement.
Thus, the correct option is D.
What is pension?A pension is a retirement savings account for an employee that is funded by the company, the employee, or both, with the employer often footing the majority of the bill. When an employee retires, she receives an annuity based on the pension's rules.
For illustration, a pension plan might offer 1% of the participant's average annual wage for the final five years of employment for each year of service. 2 With an average final-years compensation of $50,000, a worker with 35 years of experience at that organization would earn $17,500 annually.
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which of the statements below is true regarding only fiscal policy? it causes ad to shift to the right. it increases the availability of money. it uses government expenditures to create demand for goods and services. it can be taken in an attempt to alter ad.
C) It is accurate to say that only fiscal policy employs government spending to generate demand for products and services.
Describe fiscal policy.The use of public spending and taxation, specifically macroeconomic conditions, is known as fiscal policy. Employment, inflation, economic growth, and the overall demand for goods and services are some of these.
During a recession, the government may lower tax rates or increase spending in an effort to boost the economy and demand. On the other hand, it can raise interest rates or cut back on spending to slow the economy and combat inflation. Fiscal policy and monetary policy are sometimes contrasted because monetary policy is carried out by central bankers as opposed to elected government officials.
What Are the Primary Financial Policy Instruments?
Governments can affect the economy by using fiscal policy tools. Changes in tax rates and government spending make up the majority of these.
Taxes are reduced and spending is increased to boost economic growth. This frequently involves borrowing by issuing public debt. Taxes may be increased and spending cutbacks implemented to cool down an overheated economy.
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which of the following statements is true? a.) a price floor happens when the market clears. b.) a price ceiling creates surplus when it is binding. c.) a price ceiling is when the minimum wage is higher than the prevailing market wage. d.) a price floor is binding when it is placed above equilibrium.
d.) a price floor is binding when it is placed above equilibrium.
Is an equilibrium above a binding price floor?A price floor that is set above the equilibrium price is an effective (or binding) price floor. A price ceiling that is placed below the equilibrium price is an effective (or binding) price ceiling. Dead-weight loss results from effective pricing ceilings and floors. A strong price floor generates a surplus that is advantageous to suppliers.
A price floor that is erected above the equilibrium price is a binding price floor. A price floor needs to be binding in order to be effective. It is forbidden to purchase and sell at the equilibrium price or any other price that is lower than the price floor when there is a binding price floor.
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3. what tool is used to determine how a project is executed, monitored, controlled, and closed? a. raci chart b. communication plan c. project management plan d. change management plan
(C) A project management plan is used to determine how a project is executed, monitored, controlled, and closed.
What is Project Management Plan?How a project is carried out, tracked, managed, and closed is decided by a project management plan.An executive summary, Gantt chart or timetable, stakeholder or team chart, risk assessment, communication sub-plan, and resource sub-plan are all included in a project management plan.The five stages of project management—conception and initiation, project planning, project execution, performance/monitoring, and project close—were created by the Project Management Institute (PMI). It acts as a roadmap by outlining the project phases, important project tasks, their start and end dates, interdependencies, and project milestones.Therefore, (C) a project management plan is used to determine how a project is executed, monitored, controlled, and closed.
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production management is the traditional term used to describe all the activities managers do to help their firms create
Production management is the traditional term used to describe all the activities managers do to help their firms create goods.
Production is the procedure of mixing diverse fabric inputs and immaterial inputs for you to make some thing for consumption. it's miles the act of making an output, a good or provider which has fee and contributes to the utility of people.
An example of manufacturing is the producing of motors. cars are made through assembling elements together. for instance, rubber tires are introduced to steel our bodies to make seats established earlier than the auto is pushed off the production line.
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the rational rule for sellers says that a seller should sell one more unit of an item if the price is:
More than or the same as the marginal cost. The rational rule for sellers states that a vendor should market one more unit of a good if the cost is: The individual supply of one of the suppliers is multiplied by ten.
When we talk about the marginal cost, we're talking about the rise in production costs brought on by the creation of more product units. The marginal cost of production is another name for it. Businesses can see how cost and, ultimately, profits are influenced by volume output by calculating the marginal cost. The expenses involved in generating an additional unit of output are referred to as marginal costs. It is calculated by dividing the fluctuation in the total cost of production by the fluctuation in the volume of goods produced. When variable costs are a part of the overall production cost, marginal costs exist. The amount of output and the price per unit of a product that will maximize profits are determined by the marginal cost of production and marginal revenue, two economic metrics.
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mccabe corporation is expected to pay the following dividends over the next four years: $20, $16, $15, and $8.50. afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. if the required return on the stock is 15 percent, what is the current share price?
The current share price is $95.19
A dividend is a payment made by a corporation to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and might take the form of cash payments or stock reinvestments. The dividend yield, which is the dividend per share, is expressed as a percentage of the share price of a company, for example, 2.5%.
D1=$20
D2=$16
D3= $15
D4=$8.50
g= 5%
r=15%
Price of stock = D1/(1+r)^1 + D2/(1+r)^2 + D3/(1+r)^3 + D4/(1+r)^4 + D4*(1+g)/(1+r)^4*(r-g)
= 20/1.15 + 16/(1.15)^2 + 15/(1.15)^3 + 8.50/(1.15)^4 + 8.50*(1.05)/(1.15)^4*(0.10)
= $17.39 + $12.09 + $9.86 + $4.85 + 8.92/0.1749
= 17.39 + 12.09 + 9.86 + 4.85 + 51
= 95.19
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One of the most effective ways in which a leader establishes the organization’s ethical climate through their ______.
One of the most effective ways for a leader to establish the organization’s ethical climate is through their ethical leadership. Fairness, integrity, trust, respect, openness, and honesty are all aspects of ethical leadership.
Understanding Ethical LeadershipThe ethical climate of an organization is established by its leader's ethics. Ethical leadership is the process where a good person desires to create a better, fairer, and more humane place and also encourages everyone to do the same to accomplish a common good. The most important aspect of leadership ethics is the leader's character. Nelson Mandela is an example of a leader with strong character.
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With fewer managers and more people in positions without managerial accountability, which building block will you rely upon to ensure jobs are properly supervised?.
The building block that will rely upon to ensure jobs are properly supervised is coordinating activities among the jobs.
What is a job?A job is a deliberate activity carried out by individuals to support their own, others', or a larger community's needs and desires. Work can be understood in the perspective of economics as the human activity that contributes to the commodities and services that make up an economy, along with other factors of production. All communities depend on work, but the nature of that work varies greatly within each society and between them. For example, some societies rely on manual labor to gather natural resources, while others operate sophisticated machines that relieve many people of their physical or even mental labor. Other resources, specialized knowledge, and tools are also needed for all but the simplest jobs (such as material for manufacturing goods). History has seen a wide diversity of attitudes toward work represented by many cultures and individuals.
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• Is provided by the government through its
Answer:
Powers not granted to the Federal government are reserved for States and the people, which are divided between State and local governments.
next year jenkins traders will pay a dividend of $3.00. it expects to increase its dividend by $0.25 in each of the following three years. if their required rate of return is 14 percent, what is the present value of their dividends over the next four years? (do not round intermediate calculations
The present value of the dividends of Jenkins Traders is $9.72
The value of the cash flows at the current date, discounted at the required rate of return, is referred to as the stream's present value. Present value accurately depicts the value of cash flows because money's value diminishes over time. A dividend is a payment made by a company to its shareholders that is decided by the board of directors.
Dividend in year 1 = $3.00
Now, the dividends increase by $0.25 every year
Dividend in year 2 = $3.00 + $0.25 = $3.25
Dividend in year 3 = $3.25 + $0.25 = $3.50
Dividend in year 4 = $3.50 + $0.25 = $3.75
Required rate of return, r = 14% = 0.14
[tex]{}Present\ value\ = \frac{3.00}{(1 + 0.14)^1} + \frac{3.25}{(1 + 0.14)^2} + \frac{3.50}{(1 + 0.14)^3} + \frac{3.75}{(1 + 0.14)^4} = $9.72 {}[/tex]
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the four processes of map generalization: a. never happen together b. can happen together c. do not impact online maps d. are selection, qualification, quality control and implementation
The process of simplifying the representation of geographical data to produce a map at a particular scale with a clearly defined and readable legend is referred to as "map generalization."
What components make up map generalization?
In generalization, a variety of methods are used, including selection, simplification, displacement, exaggeration, and classification.
What is an illustration of generalization on a map?
For instance, a tiny black polygon that is supposed to represent a building will be perceived as a dot rather than a building. In the same way, two symbols that are too close to one another will be interpreted as one symbol even though they actually represent two distinct entities.
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true or false: ethical principles in business differ substantially from general ethical principles in society.
Ethical principles in business differ substantially from general ethical principles in society is false.
Although many of us would agree that it it is not correct. the main difference between general principles and ethical principle is general principles, in contrast to moral Standards, don't represent obligations and should not form the basis for imposing sanctions. Relying upon General Principles for either of those reasons distorts both their meaning and purpose
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Seasonality refers to a data pattern that repeats itself after a period of days, weeks, months, or quarters.
a. True
b. False
This statement is True. Seasonality refers to a data pattern that repeats itself after a period of days, weeks, months, or quarters.
Due to changes in temperature, pressure, heat, and humidity, a pattern known as seasonality repeats itself after a set amount of time. It produces a climate that is suitable for a specific season.
The environment is not static; it changes over time. When an internal or external force, such as heat, pressure, or temperature, alters an existing pattern or trend, the general weather changes, and a new season begins.
Seasonality in time series data is the occurrence of variations that happen on a regular basis but less frequently than annually, such as weekly, monthly, or quarterly.
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an improvement made to a machine increased its fair market value and its production capacity by 25% without extending the machine's useful life. the cost of the improvement should be
An improvement made to a machine increased its fair market value and its production capacity by 25% .The cost of the improvement should be capitalized in the machine account.
Cost of improvement:
Cost of improvement is the capital expenditure incurred by an assessee for fabricating any addition or enhancement in the capital asset. It also includes any expenditure incurred in guarding or curing the title.
How do you treat cost of improvement?Any capital expenditure incurred by you or former proprietor of the asset for making additions or revision to similar capital asset which enhances the valuation of the asset or rise it's price shall be treated as cost of improvement.
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Which of the following is true regarding stock options?
A. A loss is realized when stock options lapse. B. There is typically no tax effect on the grant date. C. Income recognized on the exercise date is greater for incentive stock options than nonqualified options.D. The bargain element on a nonqualified option is taxed to employees at capital gain rates
Answer: I would say b
Explanation: I search it up and this is what it told me
each sneaker requires 2.5 hours of direct labor time. direct labor wages average $16 per hour. monthly variable overhead averages $10 per direct labor hour plus fixed overhead of $4,500. what is the total overhead budgeted for the month of september?
The total overhead Budgeted cost for the month of september $1,250,000
Overhead budgeted :
Overhead Budget is prepared to predict and carry all the anticipated expenses concerning framing the goods that the company expects to contract in the coming time. It excludes the immediate material and the direct labor cost, and the facts, which becomes part of the cost of the goods retailed in the master budget.
Evaluating the overhead cost :Budgeted overhead for the month of September = Total labour hours × overhead rate per hour
Total labor hours = standard hours × budgeted production units
=2.5 hours × 40,000
= 125,000
Budgeted overhead cost Total = $10× 125,000
=$1,250,000
Hence Budgeted overhead cost for the september month =$1,250,000
Direct labor :
Direct labor refers to the hires and stipend paid to workers that can be straightway credited to specific products or services. It includes the cost of constant working hours, overtime hours worked, payroll levies, non employment tax, Medicare, employment insurance, etc. Direct labor cost is a part of pay envelope- bill or payroll that can be particularly and constantly commissioned to or associated with the manufacture of a product, a individualized work order, or qualification of a service.
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The features and functionality of a newly installed information system are fixed or adapted during the ________ phase.
The features and functionality of a newly installed information system are fixed or adapted during the requirements analysis phase.
Requirements analysis, also known as requirements engineering, is the process of determining user expectations for a new or changed product. These characteristics, known as requirements, must be quantifiable, relevant, and detailed. In software engineering, these requirements are often referred to as functional specifications.
In systems engineering and software engineering, requirements analysis focuses on tasks that determine a need or condition to satisfy a new or changed product or project. The main types of requirements analysis include business, customer, product, functional, and non-functional requirements. Each represents a stakeholder or phase of the project and communicates the needs of the project.Learn more about requirements analysis here: https://brainly.com/question/13897351
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If a firm decide to eliminate a product line that produce a yearly net lo of $21000 it yearly net income
Option A is the proper response. It will only increase by $21,000 if it can completely eliminate all of the fixed expenses related to that product line.
Net income, in both business and accounting, is an entity's revenue fewer costs, depreciation and amortization, interest, and taxes for a given accounting period.
All fixed expenses related to a discontinued product line should also be discontinued. then the corporation can add $21,000 to its overall net profits. When a product line is discontinued, variable expenses are automatically eliminated.
The correct response is A. only if it can eliminate all of the fixed costs related to that product line will it increase by $21,000.
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COMPLETE QUESTION:
If a firm decides to eliminate a product line that produces a yearly net loss of $21,000, its yearly net income
A. will increase by $21,000 only if it can eliminate all of the fixed costs associated with that product line.
B. will increase by $21,000 only if it can eliminate all of the variable costs associated with that product line.
C. will automatically increase by $21,000.
D. will decrease unless the firm can eliminate all of the fixed costs associated with that product line.
A _________ is a legal agreement between two or more people and is the least common form of business.
A Partnership is a legal agreement between two or more people and is the least common form of business.
What is Partnership?An agreement between two or more people to manage a business' operations and divide its assets and liabilities is known as a partnership.All partners in a general partnership corporation split the company's assets and debts equally.Lawyers and other professionals frequently create limited liability partnerships.A partnership may have tax advantages over a corporation.A partnership, broadly speaking, can be any project that several people undertake together. Governments, charitable organizations, businesses, or private persons may be the parties. A partnership's objectives can also differ greatly.The three primary types of partnerships are general partnerships, limited partnerships, and limited liability partnerships when referring to a for-profit endeavor carried out by two or more people.To learn more about Partnership, refer to
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a person who invests in a fixed annuity would be most concerned with the performance of the insurance company's:
A person who invests in a fixed annuity would be most concerned with the performance of the insurance company's is general account .
The insurance company's general account is what backs an insurance company's fixed annuities and traditional (guaranteed) insurance products.
On the opposite hand, the performance of a variable annuity is said to the performance of the insurance company's separate account.
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