It is impossible to improve the conditions of any one individual in a scenario with Pareto efficiency without also worsening the situations of at least one other person. "There are always trade-offs between efficiency and fairness" is correct.
In the instance of Angela and Bruno, D is a Pareto-optimal conclusion, since Bruno has all the economic rent while Angela has none.
The conflict that emerges between efficacy and equity rarely has simple answers. As an illustration, if Angela and Bruno reach a compromise, it could be more advantageous, but it might not be just.
In the case of Angela and Bruno, the new arrangement would be fair since it would let both of them to work fewer hours while still earning the same amount of money.
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The Trade-offs between efficiency and fairness exist due to the inherent tension between maximizing overall benefits and achieving a fair distribution of resources and outcomes. The extent of the trade-off will depend on the specific context and values at play.
To answer this question, we need to analyze whether there are "win-win" possibilities available to Angela and Bruno with the amendment to the law allowing for longer workdays if both parties agree. We'll consider the concept of "joint surplus" and the "Pareto efficiency curve."
Joint Surplus: Joint surplus refers to the total benefit or gain that can be achieved by both parties when they reach an agreement. In this case, it represents the total area between the Pareto efficiency curve and the individual indifference curves of Angela and Bruno.
Pareto Efficiency Curve: The Pareto efficiency curve represents the set of points where it is not possible to make one party better off without making the other party worse off. It reflects the optimal allocation of resources.
To determine if there are "win-win" possibilities, we need to identify alternatives that result in a better deal for both Angela and Bruno. This can be achieved by finding points on the Pareto efficiency curve that lie above the initial outcome (point D in Figure 5.9).
On the diagram:
Point D represents the initial outcome, where Angela works for 8 hours and earns 6 bushels, while Bruno works for 4 hours and earns 2 bushels.
Point F represents the outcome after the introduction of the law, where Angela's work time is limited to 4 hours, and she earns 4.5 bushels. Bruno continues to work for 4 hours and earns 2 bushels.
To find better outcomes for both Angela and Bruno, we look for points above the Pareto efficiency curve but still feasible given Angela's time limitation.
Options for a better deal:
Points on the Pareto efficiency curve above point D represent outcomes where both Angela and Bruno are better off compared to the initial outcome. These points reflect potential agreements that could result in a longer workday for Angela while increasing the total benefits for both.
It's important to note that the specific alternatives that could result in a better deal for both Angela and Bruno will depend on their preferences and bargaining power. The diagram allows for various potential agreements that can be explored, but the exact outcome will depend on their negotiation and agreement.
g. The statement "There are always trade-offs between efficiency and fairness" is generally correct. Efficiency and fairness are often conflicting objectives in economics.
Efficiency: Efficiency refers to the allocation of resources that maximizes total social welfare or output. It aims to achieve the highest level of efficiency by allocating resources in a way that maximizes overall benefits. In this context, Pareto efficiency is a benchmark for efficiency, where no one can be made better off without making someone else worse off.
Fairness: Fairness relates to the distribution of resources and outcomes among individuals or groups. It considers the equity or justice aspects of an allocation. Fairness can be subjective and can vary depending on individual or societal values.
Trade-offs between efficiency and fairness arise because maximizing efficiency may result in unequal distributions or disparities in outcomes. For example, policies that promote economic growth and efficiency may benefit some individuals or groups more than others, leading to income inequality. On the other hand, policies aimed at reducing inequality and promoting fairness may require redistributive measures that could potentially impact efficiency.
While there can be instances where efficiency and fairness align, such as when an equitable distribution coincides with an efficient allocation, in many cases, achieving greater fairness may require compromising some level of efficiency, and vice versa.
In summary, trade-offs between efficiency and fairness exist due to the inherent tension between maximizing overall benefits and achieving a fair distribution of resources and outcomes. The extent of the trade-off will depend on the specific context and values at play.
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In a manufacturing firms, units to be produced is calculated as budgeted sales desired ______.
In a manufacturing firm, units to be produced are calculated as budgeted sales desired ending inventory.
The value of products still in stock and held by a corporation at the end of an accounting period is known as ending inventory. There are various valuation techniques that can be used to determine the monetary amount of ending inventory.
The management-selected inventory valuation technique has an impact on the dollar value of ending inventory, even when the actual number of units in ending inventory is the same regardless of the method.
A major asset on the balance sheet is ending inventory. It's crucial to appropriately disclose closing inventories, especially when applying for financing.
As part of a debt covenant, financial institutions frequently demand that certain financial ratios, such as debt-to-assets or debt-to-earnings ratios, be maintained by the date of audited financials.
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An it company wants to run a log backup process every monday at 2 am. The usual runtime of the process is 5 minutes. As a cloud practitioner, which aws services would you recommend to build a serverless solution for this use-case? (select two).
As a cloud expert, Cloudwatch and Lambda are the AWS services I would suggest using to create a serverless solution for this use case.
By "cloud practitioner," what do you mean?A technical expert who is proficient in cloud computing and has a solid understanding of AWS is known as an Amazon Web Services (AWS) certified cloud practitioner and is capable of supporting cloud operations in a variety of verticals and sectors.A fundamental understanding of AWS Cloud principles, services, and terminology is provided by the AWS Certified Cloud Practitioner certification. For people in non-technical roles who have no prior IT or cloud expertise or for those with on-premises IT experience looking for basic AWS Cloud fluency, this is a fantastic place to start.
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Conduct thorough research on the following questions and provide a concise response:
(a) Why is teamwork important in business?
(b) How can employers help facilitate successful teamwork?
Dividends are paid out of profits, and:
(A) dividends are paid before a firm's taxes are paid.
(B) dividend payments must be approved by the firm's board of directors.
(C) dividends are guaranteed.
(D) dividends are usually paid twice a year.
(personal finance question)
Dividends are given out of profits, and it is commonly pay off twice a year. Option D is correct.
What are dividends?A dividend is defined as the amount of profit that is available for the distribution by a corporation to its shareholders, this amount of profit is given only when an enterprise earns a profit.
The majority of dividends are paid four times a year, on a quarterly basis, but some companies pay dividends twice a year.
Therefore, option D is correct.
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George has a monthly income gross of 3500 and his monthly debt payments are 325 car payments 290 student loan payment 930 mortgage payment and 400 in credit card payment what is the total debt to income ratio rounded to the nearest percent
A standard rule of thumb is to preserve your ordinary debt-to-income ratio at or under 43%.
What debt-to-income ratio is too high?Debt-to-income ratio is your monthly debt obligations compared to your gross month-to-month income (before taxes), expressed as a percentage. A excellent debt-to-income ratio is less than or equal to 36%. Any debt-to-income ratio above 43% is regarded to be too lots debt.
What is the easiest debt-to-income ratio for a mortgage?Ideal debt-to-income ratio for a mortgage
In phrases of your front-end and back-end ratios, lenders normally seem to be for the best front-end ratio to be no greater than 28 percent, and the back-end ratio, together with all month-to-month debts, to be no greater than 36 percent.
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https://brainly.com/question/26258146#SPJ4What so AIA,SAG,AMA stand for
Answer:
AIA stands for American Institute Of Architects
SAG stands for Screen Actors Guild
AMA stands for American Medical Association
Explanation:
1.) Select which part of the expenditures approach of calculating the GDP is being described: All private consumption in a nation's economy is part of this expenditures approach for calculating the GDP.
sum of all the country's businesses spending on capital
gross imports
consumer spending
sum of government spending
gross exports
2.)Select which part of the expenditures approach of calculating the GDP is being described: Purchase of weapons for the military is part of this expenditures approach for calculating the GDP.
consumer spending
gross imports
sum of all the country's businesses spending on capital
gross exports
sum of government spending
Answer:
Selection of the part of the expenditures approach of calculating the GDP is being described:
1. All private consumption in a nation's economy is part of this expenditures approach for calculating the GDP.
=
consumer spending
2. Purchase of weapons for the military is part of this expenditures approach for calculating the GDP.
=
sum of government spending
Explanation:
The expenditures approach to Gross Domestic Product (GDP) is calculated as consumption + investment + government expenditure + exports – imports. Consumption refers to the consumer spending while Investment refers to the sum of all the country's businesses spending on capital.
Private consumption is part of the consumer spending when using the expenditures approach for calculating the GDP.
Purchase of weapons for the military is part of government spending.
What is the expenditures approach?Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households on durable and non durable goods + Investment spending by businesses + Government spending + Net export
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What was the only thing Amazon sold when it first opened 25 years ago
submitting a written report to your supervisor for feedback best represents which model of communication?\
Delivering a written report to your supervisor for review serves as the best illustration of the informal communication model of communication.
Even though talking is generally mistaken for being the most common mode of communication, most exchanges are silent. Gestures, voice intonation, grins, grimaces, shrugs, nods, moving closer or farther, and crossing arms and legs all serve as additional means of communication.
In contrast to face-to-face meetings and phone calls, business letters, reports, orders, and other types of formal communication are instances of informal communication.
Formal communication typically leads to documentation, whereas casual communication usually not. Positive outlook: Positive mindset is mostly responsible for effective communication. This is due to the fact that it fosters stronger interpersonal connections and comes across as more assertive.
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a monopolistic competitor has the following information about cost and demand. what price would the good sell for? $15 $19 $21 $23
A monopolistic competitor would sell the good for 19.
A monopolistic competitor has the following information about cost and demand:
Average cost: 13
Demand equation: Q = 100 - 2P
A monopolistic competitor is a firm that has some control over the price of its goods due to its differentiation strategy, but still faces some competition from other firms offering similar goods.
Average cost is the cost of producing a unit of good. From the information given above, the average cost of producing a unit of good is 13.
Demand equation provides information about how much a consumer is willing to pay for a particular quantity of goods.
It is given that, demand equation is Q = 100 - 2P
where Q is the quantity of goods demanded and P is the price of the good.
In order to find the price at which the good will be sold, the equation of average cost needs to be compared to the demand equation.
To do this, the average cost equation can be rearranged as P = AC + (AC - MC)
where AC is the average cost and MC is the marginal cost.
Since AC is given as 13, and the marginal cost is the additional cost of producing one more unit, it is equal to the average cost of the next unit produced.
MC is also 13.
P = 13 + (13 - 0.5Q)
where Q is the quantity of goods demanded.
This is the price equation that needs to be solved by substituting the demand equation in the place of Q.
P = 13 + (13 - 0.5(100 - 2P))
P = 13 + (13 - 50 + P)
P = 26 - 13/3P = 19
The price at which the good will be sold is 19.
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What system is based on the supply and demand of goods to make a profit?.
Answer:
B : market economy
Explanation:
After a job interview, you should _____.
A. Celebrate
Write a thank you letter
call the interviewer immediately to see if you got the job
call your friend to tell them about the interview
Answer:
I think that after a job interview you should call your friend and tell them about the interview you should not celebrate because you don't know if you've gotten the job and if you call your friend they might give you hope on getting the job
Managing negative feelings is__
a. A process
b. A hierarchy
c. An emotion
d. A deadline
Answer:
an emotion
Explanation:
process is the lead
hierarchy is increase
deadline is the date
Managing negative feelings is a process.The correct option is a.
It takes a variety of coping mechanisms and individualized approaches to effectively manage unpleasant emotions. It entails identifying and expressing negative emotions, comprehending their underlying causes, and implementing constructive coping strategies. This procedure might involve introspection, asking for help from others using relaxation techniques, exercising or getting professional assistance.
Individuals can improve their emotional resiliency, mental health and overall life satisfaction by actively addressing negative emotions. It is critical to understand that controlling unpleasant emotions is a continuous and dynamic process because feelings can change depending on the situation and one's experiences. Greater emotional intelligence and improved mental health can result from learning effective emotional management techniques.
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Digital influences have largely replaced o a. advertising. b. word-of-mouth referrals from neighbors, coworkers, and friends. c. personal selling d. learning e. brick-and-mortar store sales.
B) word-of-mouth referrals from neighbors, coworkers, and acquaintances have largely been supplanted by digital effects.
With 1624 million internet users in alone, marketers have the opportunity to directly reach their customers via online platforms and increase their exposure. With such a vast user base, digital marketing can assist capture and influence big audiences' purchasing decisions. Consumer behavior has altered dramatically as a result of the shift from traditional to digital marketing. With information available online at all times, people can shop, read reviews, compare, and do a variety of other things all at the same time. Brands may now develop open connections with customers and provide them with a deeper knowledge of their products and services.
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A company that produces pleasure boats has decided to expand one of its lines. Current facilities are insufficient to handle the increased workload, so the company is considering three alternatives, A (new location), B (subcontract), and C (expand existing facilities). Alternative A would involve substantial fixed costs but relatively low variable costs: fixed costs would be $250,000 per year, and variable costs would be $500 per boat. Subcontracting would involve a cost per boat of $2,500, and expansion would require an annual fixed cost of $50,000 and a variable cost of $1,000 per boat. A. Find the range of output for each alternative that would yield the lowest total cost. (Leave no cells blank - be certain to enter "0" wherever required. Round your answers to the nearest whole number. Do not include the indifference point in your answer. )A or moreB to C to b. Which alternative would yield the lowest total cost for an expected annual volume of 150 boats? ABC
To find the range of output for each alternative that would yield the lowest total cost, we need to compare the total costs for different levels of output. Let's calculate the total costs for each alternative and find the ranges:
Alternative A:
Total cost (A) = Fixed costs + (Variable costs per boat * Number of boats)
Total cost (A) = $250,000 + ($500 * Number of boats)
Alternative B:
Total cost (B) = Cost per boat * Number of boats
Total cost (B) = $2,500 * Number of boats
Alternative C:
Total cost (C) = Fixed costs + (Variable costs per boat * Number of boats)
Total cost (C) = $50,000 + ($1,000 * Number of boats)
Now, let's compare the total costs for different output levels:
For Alternative A to be the lowest cost option:
Total cost (A) < Total cost (B) and Total cost (A) < Total cost (C)
For Alternative B to be the lowest cost option:
Total cost (B) < Total cost (A) and Total cost (B) < Total cost (C)
For Alternative C to be the lowest cost option:
Total cost (C) < Total cost (A) and Total cost (C) < Total cost (B)
Now, let's calculate the ranges of output for each alternative:
For Alternative A to be the lowest cost option:
$250,000 + ($500 * Number of boats) < $2,500 * Number of boats and $250,000 + ($500 * Number of boats) < $50,000 + ($1,000 * Number of boats)
Simplifying the above inequalities will give you the range of output for Alternative A.
Similarly, calculate the ranges for Alternative B and Alternative C by comparing the total costs.
b. To determine which alternative would yield the lowest total cost for an expected annual volume of 150 boats, calculate the total costs for each alternative at that volume and compare them. Choose the alternative with the lowest total cost.
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In this pay, Moss Company deducted OASDI taxes of $5,276.24 and HI taxes of $1,233.95 from the $85,100.90 of taxable wages paid. What is Moss Company's portion of the social security taxes for: Round your answers to the nearest cent.
Answer:
A. $5,276.26
B. $1,233.96
Explanation:
Calculation for What is Moss Company's portion of the social security taxes for:
a. OASDI taxes=($85,100.90 x 6.2%)
OASDI taxes=$5,276.26
Therefore Moss Company's portion of the social security taxes for OASDI will be $5,276.26
b. HI taxes=($85,100.90 x 1.45%)
HI taxes=$1,233.96
Therefore Moss Company's portion of the social security taxes for HI will be $1,233.96
An investment offers $7,000 per year for 15 years, with the first payment occurring one year from now. If the required return is 6 percent, what is the value of the investment today?
The present value of investment giving returns of $7000 at the end of 15 years will be $2920.86
What is present value?The present value refers to as the current value of a certain future return at a determined interest for a particular period of time. Using the above information, it can be calculated as,
\(\rm Present Value = FV\ x\ \dfrac{1}{(1+rate)^n}\\\\\\\rm Present Value =7000\ x\ \dfrac{1}{(1+0.06)^1^5}\\\\\rm Present Value =\$2920.86\)
Hence, the present value is as calculated above.
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Explain how the Related Information buttons provide researchers with an efficient researching capability.
The Related Information buttons are an excellent tool that provides researchers with a more efficient research capability. These buttons help to identify and locate additional information that is related to the topic being researched.
When a researcher clicks on one of these buttons, it automatically takes them to a page that contains more information about the subject matter. One of the primary benefits of these buttons is that they help to save time and effort by eliminating the need for researchers to perform additional searches for related information. Additionally, they provide a more comprehensive view of the topic by presenting information from multiple sources. This allows researchers to see different perspectives and gain a deeper understanding of the topic. Another advantage of the Related Information buttons is that they help to eliminate the need for the researcher to sift through irrelevant information.
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which microbes is used to extract ethanol from fruit juice and sugar molasses ·
Answer:
Yeast
Explanation:
A microbe (microorganism) is a microscopic organism which either exist in its single-celled form or as colony of cells. Example of microbes are bacteria, archaea, algae, protozoa.
Yeast is a microbe used in the extraction of ethanol from fruit juices and sugar molasses. Saccharomyces cerevisiae is a specie of yeast which reacts with fruit juices and sugar molasses in the absence of Oxygen to produce ethanol and carbon dioxide.
What type of transactions should be recorded in the Payment, Fee, Withdrawal column
of your check register?
what are the disadvantages associated with an n‐tiered architecture?
The N-tiered architecture is a scalable application architecture commonly used to develop large applications, however there are some disadvantages associated with it.
Setup and deployment of N-tiered architecture applications is more complicated when compared to non-tiered applications as it requires the engineers to install multiple components. Since data and files must travel over many nodes from the user to the storage tiers, the performance of applications can be greatly impacted.
Additionally, the complexity of updating and upgrading certain components in the system can be cumbersome as it may be difficult to make changes across all tiers at once. Moreover, scalability requires multiple server machines in the network, which can increase costs.
Finally, managing an increased security with N-tiered system can be challenging due to the number of different components it includes. Therefore, it is important to consider these disadvantages before opting for N-tiered architecture in order to determine if it is the most effective approach.
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simon, the owner of a business, invests $10,000 in his new business, simon's sports. how would this affect the equity of a business?.
Owners, capital increases because equity increases. (As the owner or owner (in the case of a partnership) increases the amount invested, the value of the shares increases.)
What is Equity?
Equity is the amount of capital invested or owned by the owner of the company. Equity is measured by the difference between liabilities and assets reported on the company's balance sheet. Stock values are based on current stock prices or values regulated by valuation professionals and investors.
What are the some examples of equity?
Equity can be calculated by subtracting liabilities from assets and can be applied to a single asset such as a company. B. Applies to real estate, or companies. For example, if someone owns a $400,000 house and owes $300,000 on a mortgage, that means the owner has $100,000 in assets.
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Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.
A family can have more than one person contributing to the household income for a better financial position.
\(\huge{\mathfrak{\colorbox{black}{\textcolor{lime}{I\:hope\:this\:helps\:!\:\:}}}}\)
♥️ \(\large{\underline{\textcolor{red}{\mathcal{SUMIT\:\:ROY\:\:(:\:\:}}}}\)
What do interest groups do when they go public ?.
By passing the legislative process, interest groups present laws of interest to voters directly.
What is an Interest group?Interest groups are established to advance the goals or issues of their members. They are mainly interested in changing public policy. The politicians that interest groups believe might introduce or sponsor legislation are their first targets.
Interest groups frequently go by the names "pressure" or "lobby" organizations since this is one of their main roles is to apply pressure to political decision-makers. They also target those who sit on pertinent committees.
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Which of the following is not an example of a liability?
A. A home you own
B. An apartment you rent
C. Student Loans
D. Your phone bill
Answer:
B
Explanation:
You are renting so you are temporarily living there, unlike a home owner. They own the home meaning they are responsible for the upkeep. Renters that responsability falls upon the land lord.
The option that is not an example of a liability is an apartment that you rent.
What is a liability?
A liability can be described as something that one is responsible for.
The reason why the rented apartment is not a liability is the fact that it is rented. That is you are not in charge of the place.
The maintenance and others lies in the hands of the owner and not in your hands because you do not own the place.
The student loan and phone bill are all expenses that you are responsible for. They are liabilities.
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Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answer:
Buying an expensive piece of machinery
Explanation:
The different fabrics preferred by customers
Widmer Compatry had gross wages of $177,000 during the week ended June 17 . The amount of wages subject to sociai security tax was $159,300, while the amount of wages subject to federal and state unemployment taxes was $22,000. Tox rates are as foliows: The total amount withheid from employee wages for federal taxes was $35,400. If an amount box does not require an entry, leave it blank. If required, round answers to two decimal places. a. Joumaiize the entry to record the payroll for the week of June 17. b. Journalize the entry to record the payroll tax expense incurred for the week of June 17 ? The total amount withheld from employee wages for federal taxes was $35,400. If an amount box does not require an entry, leave it blank. If required, round answers to two decimal places. a. Journalize the entry to record the payroll for the week of June 17. b. Journalize the entry to record the payroll tax expense incurred for the week of June 17 .
June 17DateAccounts and Explanation Debit Credit June 17Salaries and Wages Expense$177,000Salaries and Wages Payable$177,000Total$177,000$177,000Salaries and wages payable is a liability account that records the amount of salaries.
b. The entry to record the payroll tax expense incurred for the week of June 17DateAccounts and Explanation Debit Credit June 17Payroll Tax Expense$18,799.10Social Security Tax Payable$9,765.00Medicare Tax Payable$2,287.50Federal Unemployment Tax Payable$1,540.00State Unemployment Tax Payable$4,206.60Total$18,799.10$18,799.10Note:Social Security tax payable
= $159,300 × 6.2%
= $9,765.00Medicare tax payable
= $159,300 × 1.45%
= $2,287.50Federal unemployment tax payable = $22,000 × 0.6% = $132.00Federal unemployment tax payable (credit) = $35,400 × 0.6%
= $212.40 (to be subtracted from $132.00 since the FUTA tax credit is applicable up to $7,000)Net federal unemployment tax payable
= $132.00 - $212.40
= -$80.40State unemployment tax payable
= $22,000 × 5.4% = $1,188.00State unemployment tax payable (credit)
= $7,000 × 5.4%
= $378.00Net state unemployment tax payable
= $1,188.00 - $378.00 = $810.00Payroll tax expense
= $9,765.00 + $2,287.50 + $132.00 + $810.00
= $12,994.50
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Question 7 of 20
A marketing plan includes a number of factors, including the marketing mix.
What is the marketing mix?
A. Using names and symbols to identify the company's products
OB. A plan for spending money
OC. How the company intends for customers to view its product
relative to the competition
OD. The variables of product, price, place, and promotion
SUBMIT
Answer:
answer is d
Explanation:
yes
which one of the following expenses for retirees is most likely to increase? multiple choice medical expenses federal income taxes clothing expenses work-related expenses housing expenses
Medical expenses are most likely to increase for retirees.
This is because especially in their older years, healthcare is one of the major expense concerns for retirees. To begin saving and planning a budget for future healthcare costs, it is a good idea to familiarize yourself with industry statistics regarding healthcare costs above and above what is covered by Medicare parts A and B.
In total, the median retiree spent $4,311 on medical expenses, with most of that money going toward Medicare premiums. In 2022, the monthly premium for Medicare Part B, which is medical insurance, was $170.10.
What is Healthcare?
The enhancement of one's health through the prevention, diagnosis, treatment, amelioration, or cure of disease, illness, injury, and other physical and mental impairments in humans is known as healthcare. Health professionals and other allied health areas provide healthcare.
What does healthcare serve as a purpose ?
The main goal of health care is to improve health in order to improve quality of life. To maintain their valuation and continue to operate, commercial enterprises concentrate on generating financial profit. For health care to live up to its promise to society, it must prioritize generating social profit.
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housing expenses are the major concern
Why are housing expenses major concern?
retirees aged 65 and above spent an average of $16,880 per year on housing alone, adding a total of $1,406.67 to their monthly expenses. The following year, 2021, saw a slight increase in housing costs for retirees.the biggest expense for most retirees is still housing. This expense category includes:Mortgage paymentsUtilitiesHomeowners association feesInsuranceProperty taxesMaintenance or repairsPaying rentThe first ten years of retirement are usually linked to higher housing costs. The younger retirees, those aged 65 to 74, spent an average of $18,027 per annum in 2020, while, for the rest of the retirees, those costs were only a little over $15K.A recent study from Harvard University shed light on why that is. The study showed that almost half of retirees aged 65 to 79 are still paying a mortgage, while that number drops to roughly a quarter for retirees 80 and up. Therefore, we can safely assume that a good portion of an average American retiree's housing expenses goes toward paying their mortgage, which is quite surprising.to know more about housing expenses follow this link
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