The quantity bought/sold can be determined by analyzing the supply and demand curves in the market. When a tax of $2 per unit is imposed, it affects both consumers and producers.
To find the quantity bought/sold, we need to consider the new equilibrium point after the tax is implemented. Let's assume that before the tax, the equilibrium price is $10 per unit and the equilibrium quantity is 100 units. With the tax of $2 per unit, the supply curve shifts upward by $2. As a result, the new equilibrium price for consumers will increase by the amount of the tax, to $12 per unit. However, the price received by producers will only be $10, as they have to pay the $2 tax. This difference between the price paid by consumers and the price received by producers is known as the tax incidence.
To calculate the quantity bought/sold, we can compare the new demand and supply curves at the new equilibrium price of $12. Let's say the quantity bought is 80 units and the quantity sold is 120 units. Consumer surplus can be calculated by finding the area between the demand curve and the price line. Before the tax, consumer surplus is represented by the triangle between the demand curve, the equilibrium price line, and the quantity axis. After the tax, consumer surplus is reduced due to the higher price. We can calculate the consumer surplus by finding the area of the new triangle between the demand curve, the new equilibrium price line ($12), and the quantity bought (80 units). Deadweight loss: Calculate the area between the demand curve and the supply curve, from the original equilibrium quantity to the new quantity bought/sold (80 units to 120 units).
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Because producers find it easier and less costly to make only a few goods or services, and consumers prefer to choose among many, this creates a ______.
Because producers find it easier and less costly to make only a few goods or services, and consumers prefer to choose among many, this is Marketing.
What is marketing?Marketing is the activity of a producer or company to identify customer needs and and then produce and allow the flow of goods to meet the needs.
The needs are the problem the producer is solving by making it available.
Therefore, Because producers find it easier and less costly to make only a few goods or services, and consumers prefer to choose among many, this is Marketing.
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Suppose you have $1,325 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures
The amount I would have when the CD matures is $1573.68.
What is the amount I would have when the CD matures?When an amount is compounded annually, it means that both the amount invested and the interest already accrued increases in value once in a year.
FV = P (1 + r)^n
FV = Future value P = Present value R = interest rate N = number of years1325 ( 1.035)^5 = $1573.68
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thomas has a credit card balance of $2,406.93. his goal is to quit using the card and make monthly payments of $100. assuming your interest rate is 18%, how long will it take you to pay off the balance? 0 months 86 months 48 months 31 months
Thomas will take to pay off the balance of the credit card in 48 months.
What is a credit card balance? credit card balance is the number/amount of funds you have spent on your card, including charges, transfers, and cash advances (such as ATM withdrawals). we can think of this as the amount owed to your credit card issuer. If there is no balance, it will be shown as zero.When you make a purchase with your credit card, your credit card statement shows the total amount owed as a positive balance. Negative balances, on the other hand, are displayed as credits. A minus sign appears before the current balance number. For example: -$20.If the total balance exceeds the outstanding amount, the balance will appear on your statement. This is the money your card issuer owes you. we can call your card issuer and have a check for the balance mailed to you. our card issuer may require you to submit this request in writingThus, credit card balance are those amount which are kept lying in our accounts.
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Which of these careers include supervising others?
welder
welder
project manager
project manager
foreman
foreman
forklift operator
The careers that needed supervision of others are welder and foreman. Thus option (a) and (b) are correct.
Who is a welder?A welder is a skilled tradesperson who specializes in joining pieces of metal or thermoplastics together using various welding techniques.
Welders must have a good understanding of welding techniques and materials, as well as safety practices and regulations. They use a variety of tools and equipment such as welding machines, cutting tools.
The welder and foreman are the professions that need supervision of others. Therefore, option (a) and (b) are correct.
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What is a Sole Proprietorship & How to Start One?
A sole proprietorship is a type of business entity that is owned and operated by an individual. This means that the individual is the sole decision maker and has full control over the business. It is the simplest form of business structure and is very easy to start.
In order to start a sole proprietorship, you must first decide what type of business you want to operate. You will then need to register your business with the local government, obtain the necessary licenses and permits, and file any necessary paperwork.
Once you have taken the necessary steps to register your business, you will need to open a business bank account and acquire any necessary supplies and equipment. You may also need to hire employees or contract with third-party service providers.
You may also need to obtain insurance, such as liability insurance and workers' compensation insurance, to protect your personal and business assets. Additionally, you may need to pay taxes and other fees, such as self-employment tax.
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Privott, Inc., manufactures and sells two products: Product Z9 and Product N0. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Estimated Expected Activity
Activity Cost Pools Activity Measures Overhead Cost Product Z9 Product N0 Total
Labor-related DLHs $ 337,018 7,700 4,300 12,000
Product testing tests 52,247 1,050 1,150 2,200
Order size MHs 477,608 5,300 5,600 10,900
$ 866,873
The activity rate for the Labor-Related activity cost pool under activity-based costing is closest to:
A. $45.43 per DLH
B. $394.03 per DLH
C. $49.76 per DLH
D. $28.08 per DLH
Answer:
Option D is correct
Activity rate for the Labor-Related activity cost pool= $28.08 per DLH
Explanation:
Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.
Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.
Activity rate per driver is calculated as:
Activity overhead for the period / Total cost drivers for the period
Activity rate for the Labor-Related activity cost pool
= Labour related overheads/Total labour hours
= $ 337,018 /12,000 labour hours
= $28.08 per Direct labour hour
Activity rate for the Labor-Related activity cost pool= $28.08 per DLH
Why is it important to write a zero-based budget every month?
Answer:
It is important to write a zero-based budget every month because the zero-based budget ensures that every dollar you make is assigned a specific purpose.
Explanation:
The critical chart process for an Internet-based business is _________ for a manufacturing business.
A. somewhat simpler than
B. more complex than
C. the same as that
D. none of these
The critical chart process for an Internet-based business is more complex than for a manufacturing business.
So, the correct answer is B.
This is because the nature of Internet-based businesses involves various digital marketing strategies, social media management, website optimization, and data analytics.
These processes require constant monitoring and adjustment to ensure the business is meeting its objectives.
On the other hand, manufacturing businesses typically follow a linear production process with fewer variables to manage.
Therefore, the critical chart process for an Internet-based business is not the same as that of a manufacturing business and requires more attention and expertise in digital marketing and technology.
Hence, the answer of the question is B.
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What are the three most common types of scanners What type of data does each scan?
There are three different types of scanners available: handheld, flatbed, and drum scanners. Drum scanners are usually utilized in the publishing business to print high-quality photos, while flatbed scanners are typically found in workplaces and schools.
What is scanner explain?A scanner is a tool that takes photographs from photographic prints, posters, magazine pages, as well as other sources so that they can be edited and presented using computers. The image on a page is transformed into digital data that may be saved on a computer by scanners using optical character recognition (OCR). A scanner is an input device that records written and visual content from documents. Scanners often come in three different categories: Shaker Scanner: In a drum scanner, the light from the target item is optically separated into distinct red, blue, and green beams, sharpening the image.
What are the scanners used for?The two most common types are the transmission electron microscope (TEM) as well as the scanning electron microscope (SEM). A transmission electron microscope is used to see thin specimens that permit electrons to pass through and create images, such as molecules and tissue slices.
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The Pohl Pool Company has six jobs waiting to be processed through its liner department. Processing can start immediately. Total Remaining Processing Time (Days) Due Date (Days from Now Total Remaining Number of Operations Job 13 2 10 12 a. If the slack per operation scheduling rule is used, in what order would the jobs be started? b. What is the mean lateness (in days) of the sequence calculated in question a? c. What is the mean tardiness (in days) of the sequence calculated in question a? d. What is the average number of job in the system using the sequence in question a?
The average number of jobs in the system is the sum of the jobs in the system on each day divided by the number of days, which is (1+2+3+3+2+2+2+2+1+1+1+1+1) / 13 = 1.69 jobs.
The Pohl Pool Company has six jobs to be processed in its liner department.
The company can start processing immediately, but they need to consider the total remaining processing time and due date for each job. To determine the order of processing, the slack per operation scheduling rule is used.
After applying this rule, the order of jobs is determined. The mean lateness and mean tardiness of the sequence are then calculated. Additionally, the average number of jobs in the system using the sequence is determined. These metrics help the company to better understand the efficiency of their liner department and to plan their operations accordingly.
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economy where the government owns and offers all the goods and services is called ?
In such situation, we would have what is known as a command economy, in which the government owns, provides, and sets the prices for all goods and services.
The goal of a command economy, often referred to as a planned economy, is to maximise societal welfare by the planning, coordination, and direct supervision of all economic activity. In contrast to free-market economies, command economies do not permit market forces like supply and demand to control production or prices. All resources are allocated by the government in line with the overall plan. It strives to make the best use of the country's financial resources, labour force, and natural resources. A central authority determines both the maximum allowable output and the prices that can be paid for products and services under a political system with a command economy. Most industries are publicly held businesses.
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A Bank with the following capital levels: common equity of 47,000, Tier 1 of 38,000, Tier 2 of 17,000. If total assets are 850,000 and risk adjusted assets are 650,000, the capital classification of the bank is
The capital classification of the bank would be "Adequately Capitalized" as its Tier 1 capital ratio.
To determine the capital classification of the bank, we need to compare its capital levels to the risk-adjusted assets. The capital classification is typically based on regulatory requirements and ratios set by the relevant financial authorities.
One common capital adequacy ratio used for classification is the Tier 1 capital ratio.
The Tier 1 capital ratio is calculated by dividing Tier 1 capital (including common equity) by risk-adjusted assets. Let's calculate the Tier 1 capital ratio:
Tier 1 capital ratio = (Tier 1 capital / Risk-adjusted assets) * 100
In this case:
Tier 1 capital = 38,000
Risk-adjusted assets = 650,000
Tier 1 capital ratio = (38,000 / 650,000) * 100
= 5.846%
Now, let's determine the capital classification based on the Tier 1 capital ratio:
Well-Capitalized: Tier 1 capital ratio ≥ 6%
Since the calculated Tier 1 capital ratio is 5.846%, it does not meet the well-capitalized threshold.
Adequately Capitalized: Tier 1 capital ratio ≥ 4%
The calculated Tier 1 capital ratio is above the adequately capitalized threshold, which is 4%.
Undercapitalized: Tier 1 capital ratio < 4%
Since the calculated Tier 1 capital ratio is above 4%, the bank is not classified as undercapitalized.
Therefore, based on the given information, the capital classification of the bank would be "Adequately Capitalized" as its Tier 1 capital ratio exceeds the minimum regulatory requirement of 4%.
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When a figure is drawn in Geometry without the use of a compass a straight edge to
guarantee precision is called a?
When a figure is drawn in Geometry without the use of a compass a straight edge to guarantee precision is called a Ruler. A ruler is a device used to measure distances and to draw straight lines along those distances.
The precision of drawing straight lines is essential in geometry as it aids in constructing geometric figures such as triangles, squares, and other shapes accurately. Straight lines are also used to identify angles and points to create different shapes. The use of a ruler in geometrical drawing allows for accurate measurement and precision making.
As such, the use of a straightedge is critical in geometric constructions to ensure that the created figures are mathematically sound and precise.
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During a group session, the only Persian member and another member ended up in a heated debate about cultural differences. The leader, also Persian, was caught off guard and unsure of how to address the situation in the moment, struggling with an internal conflict. What was the leader’s fear?A) Connecting with the Persian member.
B) Overidentifying with the non-Persian member.
C) Connecting with the non-Persian member.
D) Overidentifying with the Persian member.
Answer: D. Overidentifying with the Persian member.
Explanation:
The leaders fear in this case is over identifying with the Persian member. Since the leader is Persian, he is afraid that he could overidentify with the Persian member and this could bring about biasness with the way he handles the issue.
Therefore, based on the given options, the correct answer is D.
Which of the following will be accomplished by efficient allocations of the factors of production?
guaranteeing economic success
understanding whether a product will fail
fulfilling many needs and wants of society
replenishment of limited resources
Answer:C
Explanation: Just took the test:)
What will be accomplished by efficient allocations of the factors of production is fulfilling many needs and wants of society
What are factors of production?factors of production can be regarded as those factor that make production possible such as capital and land.
Therefore, fulfilling many needs and wants of society is one of beauty of production.
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The role of corporate support in event marketing has
in the past few decades.
a. Increased
b. Decreased
C. Remained status quo
d. Developed
Which of the following are traits of successful entrepreneurs?
quits when he or she fails
doesn't make the same mistake twice
is self-assured
relies on everyone else to get the job done
Answer:
Self assured and doesn't make the same mistake twice
Explanation:
Hope this helps!
the following variable production costs apply to goods made by franklin manufacturing corporation: item cost per unit materials $12.00 labor 4.50 variable overhead 0.75 total $17.25
The variable production costs of Franklin Manufacturing Corporation include materials, labor, and variable overhead. The total cost per unit is $17.25. I hope this explanation helps! If you have any further questions, please feel free to ask.
The variable production costs for goods made by Franklin Manufacturing Corporation are as follows:
- Materials: $12.00 per unit
- Labor: $4.50 per unit
- Variable overhead: $0.75 per unit
- Total: $17.25 per unit
These costs represent the expenses incurred by the company in producing each unit of goods. Let's break down the cost calculation step-by-step:
1. Start with the materials cost of $12.00 per unit.
2. Add the labor cost of $4.50 per unit.
3. Include the variable overhead cost of $0.75 per unit.
4. Summing up these costs gives a total production cost of $17.25 per unit.
To further illustrate, let's consider an example:
If Franklin Manufacturing Corporation produces 100 units of goods, the total production cost would be:
$17.25 * 100 = $1725.
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pls help!!!!
answer the following questions using complete sentences. Each answer should contain 3–5 sentences.
What do you think is the most important event in the history of the internet? What event has had the biggest impact on your daily life?
What is your prediction for the future of the internet in the next 20 years?
Jamal is about to start a new job. Given that he wants to make lots of new friends, he should choose the office that is located __________.
Answer:
he should join a job in the public expence or in a busy society
Explanation:
its like if he join a job in the public expence or in a busy society so he'll be able to make friends
explain reasons for NGO's and CBOs to be part of the market environment
Answer:
explain reasons for NGO's and CBOs to be part of the market environment
Explanation:
explain reasons for NGO's and CBOs to be part of the market environment
Explanation:
NGOs exist for a variety of purposes, usually to further the political or social goals of their members. Examples include improving the state of the natural environment, encouraging the observance of human rights, improving the welfare of the disadvantaged, or representing a corporate agenda.
which of the following behavior patterns may be a characteristic of minors
Answer:
Self conscious about appearance
Explanation:
A minor is a usually adopted as term used to make distinction between an adult who can take up legal responsibilities and a child who legally below the specified age of the majority or adulthood. Distinction between minors and adulthood is usually based on the age of the individual. Person below the age of 18 in most countries are considered as minor. They possess certain characteristics which may include excessive consciousness about looks and trying to avoid eyes contact as much as possible.
A country's currency is backed by a gold standard. However, gold production has declined and will not recover. Which action would protect the value of the country's currency in the long run?
1.) Borrow more gold
2.) Print more currency
3.) Move to fiat currency
4.) Take no action
The action taken to protect the value of the currency of the country in the longer periods by shifting towards creating fiat money.
The Third option is correct.
What is gold standard?Gold standard is a kind of standard commenced in the US country where the value of currency decided in respect of gold.
When the production of gold has minimized and there is no chance for being it to be recovered, then the country should move its focus on creating fiat money. A fiat money is the one of a kind which does not requires any physical property for deciding its worth.
Therefore, the third option is correct.
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What should a company consider when choosing a celebrity to endorse its products? Explain.
every year, antoni hosts a holiday party for his friends. his party budget is $200. antoni spends his budget on food platters that cost $25 each and on entertainment, which costs $50 per hour.
The budget constraint of Antoni based on the information is 25f + 50e = 200
The budget constraint simply means a boundary of the opportunity cost. It represents all the combinations of goods that a person will buy at a price based on the income that the person has.
Based on the information given,
Income = $200
Cost of food platters = $25 each
Cost of entertainment = $50 per hour
Therefore, the budget constraint based on the above will be 25f + 50e = 200 where f = food platters and e = entertainment.
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When a government creates a budget, it is seeking a way to
Answer:
allocate money to programmes and projects.
Explanation:
A budget is an estimate or a proposed revenue and expenses for a financial period, usually one year. It shows how funds will be generated by the government to finance it's projects and programmes.
On a yearly basis, government sets out it's plan in a budget against the coming year. It is this plan that would guide it's action in the following year in terms of what and where to focus it's spending on.
Therefore, when a government creates a budget, it is seeking to allocate money to programmes and projects for the benefits of the citizenry.
Answer:
Answer: D.) Allocate money to programs and projects
Explanation:
i just took the test and got a 100 hope ya pass good luck
Answer in 150 words
There are many different charts you can use in Excel to convey and analyze data, Pie, Line, and Funnel to name a few. What do you think is the most effective chart to use to read and interpret data. Please explain your reasons for choosing this chart.
The most effective chart to use to read and interpret data depends on the type of data and the specific insights you are trying to convey.
What is data?Data refers to information that has been collected, organized, and stored for later use. Data can be structured or unstructured, meaning it may or may not be organized in a specific way. It can be generated from a variety of sources, such as sensors, surveys, social media, and transactions. Data is analyzed to gain insights and make informed decisions in various fields, such as business, healthcare, science, and government. With the increasing use of technology, data is becoming an increasingly valuable resource that can be used to improve efficiency, solve problems, and drive innovation. However, data also raises concerns about privacy, security, and ethics, and must be handled with care.
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Which of these is a nonstore retailer?
A. Vending machine
O B. Department store
C. Warehouse club
O D. Supermarket
A Vending machine is a non-store retailer. Thus option (A) is correct. A retailer is a person or business that you purchase goods from.
Who is a retailer?A retailer is an individual or an entity that deals directly with consumers. It can be a business that sells and goods and service to consumers through brick and mortar store or an online platform.
A Retailer can be a small store or a large enterprise that deals in an assortment of products. Walmart and Amazon are some of the well-known retailers.
The fact that retailers deal with end consumers is one of the reasons why most of them deal in a wide array of products ranging from clothing to jewelry books as well as electronics.
Most modern retailers typically make a variety of strategic level decisions including the type of store, the market to be served, the optimal product assortment, customer service, supporting services, and the store's overall market positioning.
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Question 7 of 10
Which of the following is a tax-advantaged savings plan designed to
encourage savings for future college costs?
A. University plan
B. 529 plan
C. Scholarship plan
D. 592 plan
Answer:
It is the 529 plan to save money for college.
Explanation:
Culinary Solutions Inc. manufactures cooking and baking equipment and has its base in the country of Vandevar. It has approximately 300 stores across the country and is already active in three foreign countries. It attempts to establish itself in the country of Balalaika, and uses its low-cost strategy to do so. However, due to the additional costs associated with training, coordinating across geographic distances, and other costs associated with doing business in an unfamiliar cultural and economic environment, Culinary Solutions Inc. incurs huge financial losses in Balalaika. In this scenario, Culinary Solutions Inc.'s failure to establish itself successfully in Balalaika occurs most likely because