What does the term "economic efficiency" mean? Explain in words (not just symbols). 2. What is the definition of a pure public good? Give two examples of pure public goods that are often provided by state or local governments. 3. Governments often provide goods or services that have spillover benefits (also called positive externalities). Explain what the term "spillover benefits" means. Give two examples of goods with spillover benefits that are often provided by state and local governments. Why is it argued that markets wil not provide a sufficient quantity of goods with spillover benefits?
Answers
1. Economic efficiency is defined as the best possible allocation of scarce resources which is attained when the marginal benefit of a good or service equals its marginal cost. In other words, it is a situation where the benefits derived from the production of a good or service is equal to the cost of producing it.
2. A pure public good is a good that is non-excludable and non-rivalrous. This means that it is impossible to exclude anyone from consuming the good or enjoying the benefits of the good and consumption of the good by one individual does not reduce the availability of the good for others. Pure public goods include national defense, street lighting, and public roads.
3. Spillover benefits, also known as positive externalities, refer to the benefits enjoyed by people who are not directly involved in producing or consuming a good or service. They are benefits that are not reflected in the market price of the good or service. Examples of goods with spillover benefits that are often provided by state and local governments include education and healthcare. Markets will not provide a sufficient quantity of goods with spillover benefits because firms cannot capture the full benefits of producing such goods, as the benefits spill over to people who do not pay for the good or service. Therefore, the market may under-produce goods with spillover benefits.
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Related Questions
Hoyle Corporation has issued 100,000 shares of $5 par value common stock. It was authorized 500,000 shares. The paid-in capital in excess of par value on the common stock is $263,000. The corporation has reacquired 7,000 shares at a cost of $46,000 and is currently holding those shares. It also had accumulated other comprehensive income of $67,000. The corporation also has 2,000 shares issued and outstanding of 9%, $100 par value preferred stock. It authorized 10,000 shares. The paid-in capital in excess of par value on the preferred stock is $23,000. Retained earnings is $372,000.
Answers
Answer and Explanation:
The preparation of the stockholder equity is presented below:
Hoyle Corporation
Partial Balance sheet
Shareholder equity:
Capital stock
Common stock $500,000
Preferred stock $200,000
Total capital stock $700,000
Additional paid in capital
Paid in capital in excess of common stock $263,000
Paid in capital in excess of par preferred stock $23,000
Total paid in capital $986,000
retained earnings $372,000
Total paid in capital and retained earnings $1,358,000
Accumulated other comphrensive income $67,000
Less: Treasury stock -$46,000
Total stockholder equity $1,379,000
when sales revenue is chosen as an organizational goal, a firm:
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When sales revenue is chosen as an organizational goal, a firm focuses on maximizing its revenue generation through the sale of products or services.
When a firm selects sales revenue as its organizational goal, it prioritizes generating high revenue from its sales activities. This goal emphasizes the importance of increasing sales volume and maximizing the monetary value of those sales. The firm may employ various strategies such as aggressive marketing, pricing strategies, expanding distribution channels, or introducing new products to achieve higher sales revenue. By focusing on sales revenue, the firm aims to enhance its financial performance and profitability. However, it's important to note that revenue alone may not guarantee long-term success, as factors like profitability, customer satisfaction, and market share also play vital roles in overall organizational performance.
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A product's target market is part of which of the 4 P's of marketing?
Answers
Answer:
Place
Explanation:
The marketing mix is defined as a set of the marketing tools which the organizations use them to obtain their marketing objectives in their target markets.
In other words, it is the foundation model for the businesses. It defines the key management decisions that are needed to achieve success in the marketing world.
The four P's in marketing are :
price , product , place and promotion.
A product's target market is a part of 'place' of the 4 P's of the marketing strategy.
Side effects of anabolic steroid use in males include which of the following? A. Timidity. B. Shrinkage of sex organs. C. Greatly increased hair growth. D. Increased body fat.
Answers
Answer:
It’s B 100%
Explanation:
Answer: b
Explanation:
The Law of Demand states that as...
A. As prices increases Quantity demand increases
B.As price increases quantity demand decreases
C.Price changes have no effect on quantity
D.Price changes shift the demand left or right
Answers
Answer:
b is ur answer
Explanation:
Answer:
A
Explanation:
The more people want something the more valuable it is. Like when new shoes or the new PS or Xbox are released are cases of Law of Demand
what is the best free editing app for gamers?
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The chart below shows an exchange rate table.
A 2-column table has 6 rows. The first column is labeled Currency with entries Bulgarian lev, Canadian dollar, Swiss franc, British pound, Japanese yen, and U S Dollar. The second column is labeled Exchange rate on April 3, 2013 (euro = 1) with entries 1.96, 1.301, 1.2149, 0.8482, 119.4065, 1.2839.
In this table, the reference currency is the
US dollar.
Swiss franc.
Japanese yen.
euro.
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Answer:
the answer is (d) euro. might be wrong tho i dont know
sry...
In the table given below, based on the other currency rates, the reference currency is the Euro.
Reference Currency This is the currency that the other currencies are being compared to. Takes the value of 1.In the table above, the Euro takes the value of 1 and the other currencies are compared to it. This means that it is the reference currency. The reference currency can be used to calculate the exchange rate between the other currencies.
In conclusion, option D is correct.
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Use the following compound interest formula to complete the problem. A = P (1 StartFraction r over n EndFraction) superscript n superscript t Victor has a credit card with an APR of 13. 66%, compounded monthly. He currently owes a balance of $1,349. 34. Assuming that Victor makes no purchases or payments, how much will he owe after one year, to the nearest cent? a. $1,349. 34 b. $1,533. 66 c. $1,545. 65 d. $1,364. 70.
Answers
Compound interest is the method of calculating in which the principle as well the interest on principle is reinvested every year and the amount at the maturity is obtained.
Victor currently owes a balance of $1,349.34 which is compounded monthly by the yearly rate of 13.66%.
Given
Balance is $ 1,349.34
APR is 13.66%.
We have to calculate the owing after one year
Calculations:The amount will have to be calculated by compounding the amount monthly.
Compound Interest = P(1 + (r/12) )12t
Compound Interest = $1349.34(1+(.1366/12))12
Compound Interest = $1545.65
Therefore the amount if compounded monthly will give us the $1545.65 which will be the owing of Victor after one year and OPTION C is correct regarding the question.
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Answer:
✅ C. $1,545⬇️ I got 100% on the test
Analyst why the mobility of labour may increase over time.
Answers
The mobility of labor may increase over time due to the following:
Increase in tradeIncrease in resourcesGrowth of industries.What is meant by mobility of labor?This is the term that is used to refer to the way that workers that are within a nation are able to move in their country or in nations that are outside their own.
There are several reasons for this. When industries are growing, there would be the need for ,ore people to be hired to make up the work force in the economy. Another reason is when there are increased resources such as capital in the nation.
The mobility tells us the ease with which these workers are able to move around in the economy. This is one of the core principles of economics as it tells us the way that Labor is able to affect growth in the economy as well as the production of goods and services.
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In a perfectly competitive market, if the market price is $4, how many units will they sell if they charge $4?How many will they sell if they charge over $4? Will they make more profit if they lower their price? Why or why not?
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Answer:
In a perfectly competitive market, if the market price for a single unit is $4, then the number of units sold would be 32.
Explanation:
A perfectly competitive market is defined as a market where there are no monopolies - something extremely rare in the real world. However, it is a good example to explain the rules and workings of supply and demand in the market. There are multiple sellers and purchasers in a perfectly competitive market. Sellers earn just enough profit to keep their place in the market. Any more and they would lose their foothold in the marketplace to another company.
If the sellers are capable of producing more, then they can sell more, thus increasing their output. In any case, the economic output would be zero because the price is tangent to the low point on the average total cost curve. The seller has no control over market price because the price is set at equilibrium.
Cruz company had revenues of 80175 and expenses of 50000 for the year its assets at the beginning of the year were 400000 at the end of the year assets were worth 450000
Answers
The return on assets for Cruz Company with a total revenue of $80,175 and total expenses of $50,000, given average assets of $425,000 is 7.1%.
Return on Assets = Net Income/Average Assets x 100
= $30,175/$425,000 x 100
= 7.1%
The return on assets indicates the profitability of Cruz Company relative to its assets. It is expressed as a percentage by dividing the Net Income with the Average Assets, then multiplied by 100.Data and Calculations:
Revenue = $80,175
Expenses = $50,000
Net income = $30,175
Assets:
Beginning balance = $400,000
Ending balance = $450,000
Average assets = $425,000 ($400,000 + $450,000)/2
Thus, the return on assets equals 7.1% for the year.
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Before any digging takes place on someone’s property, it is important that all underground electrical wires, cable wires, water/sewer pipes, and gas mains have been marked. Marking prevents the digger from accidentally encountering these underground hazards. A state has set up a hotline for people to call before they dig. The manager overseeing the hotline knows that if callers are kept on hold for very long, they may hang up and begin excavation without getting their property marked. Therefore, keeping wait times down is important. To achieve this objective by the beginning of the busy summer construction and gardening season, the manager has decided to use management by objectives (MBO).
Answer Management by Objectives Step Activity Setting a goal
A. A pool of twelve contingent call center workers who work at home will be hired and trained before April 15 These employees can be activated anytime hold times threaten to exceed 90 seconds.
B. Based on data on how long people wait before hanging up, the manager decides the maximum time on hold should be 90 seconds
C. On April 1, the manager sees that nine contingent call center workers have been hired and completed training. On June 30, call center data show 5 percent of calls are on hold for more than 90 seconds
D. On September 30, the manager reports that call center hold times for the summer construction season averaged 42 seconds, with 30 percent of all calls not being put on hold at all but 2 percent of calls exceeding 90 seconds of hold time. The plan is rated mostly successful.
A. Developing an action plan
B. Reviewing progress
C. Appraising performance
D. Grade It Now Save & Continue Continue without saving
Answers
Answer:
A). Developing an action plan.
Explanation:
The given descriptions suggest that the manager developed a plan of action to ensure that all the objectives are successfully attained effectively and efficiently in time. The 'management by objectives'(MBO) helps in enhancing the communication and coordination among the employees, effective resource utilization, clear processing of objectives step by step, and promotes better performance, and successful completion of goals. Thus, option A is the correct answer.
Johnston, Inc., engaged in the following transactions involving treasury stock.
Feb. 10 Purchased for cash 17,000 shares of treasury stock at a price of $31 per share.
June 4 Reissued 6,000 shares of treasury stock at a price of $34 per share.
Dec. 22 Reissued 4,000 shares of treasury stock at a price of $22 per share.
a. Prepare general journal entries to record these transactions.
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Answer and Explanation:
The journal entries are shown below
On Feb 10
Treasury stock Dr (17,000 shares × $31) $527,000
To cash $527,000
(Being the treasury stock purchased for cash is recorded)
On June 4
Cash (6,000 shares × $34) $204,000
To Treasury stock (6,000 shares × $31) $186,000
To Additional paid in capital - Treasury stock (6,000 shares × $3) $18,000
(being the reissuance of the treasury stock is recorded)
On Dec 22
Cash (4,000 shares × $22) $88,000
Additional paid in capital - Treasury stock (4,000 shares × $9) $36,000
To Treasury stock (4,000 shares × $31) $124,000
(being the reissuance of the treasury stock is recorded)
List 3 responsibilities that a consumer has when making a purchase.
Answers
Answer:
check receipt, know the return policy, read the fine print
Explanation:
Welcome
What is insurance and premium
Answers
Question 21 (2.17 points) True or False? Outcome evaluation documents how the program got started. 1) True 2) False Question 22 (2.17 points) True or False? Immediate outcomes for mass media might include changes in individual behavior and enactment of policies. 1) True 2) False Question 24 (2.17 points) Which of the following is not considered a potential audience for workplace wellness programs? 1) The "business case" from the perspective of business leaders 2) The employee 3) The "planners, implementers, and evaluators" of workplace programs 4) Local gyms Question 25 (2.17 points) True or False? The practice of "CulturalCare" seeks to assimilate patients into the culture of clinical care. 1) True 2) False
Answers
Question 22: 1) True
Question 24: 4) Local gyms
Question 25: 2) False
Question 22:True. Outcome evaluation does document how the program got started, as it focuses on the initial processes, inputs, and activities that contributed to the program's development.
Question 24:
The potential programs include: 1) The "business case" from the perspective of business leaders, 2) The employee, and 3) The "planners, implementers, and evaluators" of workplace programs. Local gyms, however, are not considered a potential audience for workplace wellness programs.
Question 25:False. The practice of "CulturalCare" does not seek to assimilate patients into the culture of clinical care. Instead, it aims to promote culturally competent healthcare by acknowledging and respecting the diverse cultural backgrounds and values of patients.
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Which statement is true about risk-based financing?
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What is one effective strategy for managing credit card debt?
O A. Spending your full credit limit before making a payment
OB. Ensuring that all of your credit card bills are paid on time
Oc. Replacing low-interest credit cards with high-interest options
OD. Paying only the minimum monthly payment on all credit cards
Answers
Answer:
D. Paying only the minimum monthly payment on all credit cardsExplanation:
I Hope That's correct :) ✓
Answer:
B. Ensuring that all of your credit card bills are paid on time
Explanation:
A credit card charge interests on outstanding balances and late payments, among other items. Interests in outstanding balances form a big proportion of credit card charges. Therefore, if one can avoid interest on these balances, their credit card charges will reduce greatly.
Paying the entire balance on the credit card statement ensures one does not incur any interest. Ensuring that all of your credit card bills are paid on time is the most appropriate way of managing credit card debts.
c) 4 benefits which membership in a trade union can bring to employees are
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Answer:
seguro de servicios medicos, la paga de horsa extras, la antiguedad, las pensiones,
Answer:
Unions are associated with higher productivity, lower employee turnover, improved workplace communication, and a better-trained workforce. There is a substantial amount of academic literature on the following benefits of unions and unionization to employers and the economy: Economic growth. Productivity.
Explanation:
Given that the returns of stocks X and Y are essentially uncorrelated, which three statements are true?
The standard deviations of their historical returns are almost identical
Their beta is close to zero
Their rho is close to zero
One of the two is a bond, and the other is a stock.
The behaviour of Y cannot be well predicted from the behaviour of X
Answers
The three statements that are true given that the returns of stocks X and Y are essentially uncorrelated are: 1. The standard deviations of their historical returns are almost identical 2. Their beta is close to zero 3. Their rho is close to zero
The fact that their returns are uncorrelated implies that there is no linear relationship between the two, which in turn suggests that their betas and rhos are close to zero. Additionally, since their returns are not correlated, the behavior of Y cannot be well predicted from the behavior of X. The statement "One of the two is a bond, and the other is a stock" is not necessarily true, as it is possible for both X and Y to be either stocks or bonds.
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What is the interest owed on a loan of $100 at 10% for 3 months?
Answers
Answer:
$2.50
Explanation:
The information is somewhat incomplete. It does not state whether simple or compound interest which could make a difference
I am assuming simple interest
The formula for simple interest is
I = Prt
where I is interest
P is amount of loan
r is annual rate of interest expressed as a decimal
t = number of years
We are given
P = $100
r = 10$ = 10/100 = 0.10
t = 3 months = 3/12 year = 1/4 th of a year
I = 100 x 0.10 x 1/4 = $2.50
How did the United States arrive at its current occupational-safety-and-health laws?
A. joyfully, with parades and celebrations, the way we celebrated the end of World War II
B. quickly, as an idea whose time had come and about which no reasonable person could voice an objection
C. secretly, in the middle of the night on a holiday, since supporters knew it would be extremely unpopular
B. slowly, after over 100 years of small steps, backslides, and back-and-forth between business interests and representatives for workers
Answers
Answer:
B. slowly, after over 100 years of small steps, backslides, and back-and-forth between business interests and representatives for workers
Explanation:
Before 1970, America was experiencing a sharp increase in the number of occupational injuries and illnesses. Both the injuries and illnesses were becoming more severe, which lead to increased death and disabilities due to work-related issues.
The OSHA act was passed in 1970. Prior to that, the responsibilities for developing workplace safety and health regulations were under the ministry of labor. Activities and lawmakers felt that the existing structure give not give enough weight to workers plight. Employees were left at the mercy of their employers.
After intensive lobbying in the senate, the OSHA act was signed into law in 1970 by president Richard M. Nixon. The law aimed to promote safety and ensure safer working conditions for all workers, notwithstanding their job or industry.
Explain why the credit industry wants you to believe that you need a credit score
Answers
Answer:
Because the credit industry gains a profit from it's users. Credit is a tool, and if used wisely can be beneficial for many people who don't have enough cash to pay for things. Having "good" credit score means that it's easier for you to receive a loan.
Let understand that Credit score refers the score which tells about a consumer's creditworthiness.
In practice, the higher the credit score of an individual, the higher the rate of repayment of credit gotten.
The Credit scoring is used the lenders to help them decide whether to borrow, extend or deny credit.
Therefore, the credit industry wants one to believe you need credit score because its helps them to ascertain your creditworthiness.
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Describe the advantages that llc and S corporation‘s passed through entitles have relative to c-corporations
Answers
Answer:
Single-layer taxation
Explanation:
Limited liability companies and S corporations are able to pass through their income as the owner's income. "LLC and S corporations" are entities, unlike the C corporation.
Pass-through entities have a taxation advantage over non- pass-through entities. In tax computation, a pass-through entity passes its income or losses as those of its owners; hence the entity will not be subject to income tax. The business profits are treated as income to the owners, who will pay individual tax income. LLC and S corporation have only one layer of taxation.
A C corporation is subject to taxation as an independent entity. The directors have to file corporate tax returns on behalf of the business based on the company profits. The business profits are distributed to the shareholder as dividends. The shareholders have to pay tax on the dividend received as part of their income tax. The shareholders are double-taxed, as the business owners- corporate tax and as individuals - income tax. Double layer taxation.
what are the main roles of the management department in an organization. give 5
Answers
Answer:
At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling. These five functions are part of a body of practices and theories on how to be a successful manager.
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Suppose you short-sell 100 shares of ibm, now selling at $200 per share. (lo 3-4) a. what is your maximum possible loss? b. what happen
Answers
a. Your maximum possible loss is unlimited when short-selling stocks.
What happens if the price of IBM shares increases after short-selling?When you short-sell a stock, you borrow shares from a broker and immediately sell them on the market, with the intention of buying them back at a later time at a (hopefully) lower price to return to the broker. In this case, you have short-sold 100 shares of IBM, each valued at $200.
a. Your maximum possible loss: When short-selling, the price of a stock can theoretically increase infinitely, resulting in potentially unlimited losses. If the price of IBM shares were to rise instead of fall, you would need to buy back the shares at a higher price to return them to the broker. The difference between the selling price and the higher buying price represents your loss.
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1. What is the attitude banks have toward being required to become members of the Federal Reserve System?
Answers
Answer:
The attitude banks have toward being required to become members of the Federal Reserve System is explained below in details.
Explanation:
Any country chartered bank (mutual or stock-formed) may enhance a segment of the Federal Reserve System. The twelve geographical Reserve Banks conduct state affiliate banks as members of the Federal Reserve System's commission to guarantee strength and endurance in the nation's indigenous businesses and banking system.
The following represents a project that should be scheduled using CPM:
d. What is the probability of completing this project within 22 days? (Use Excel's NORM.S.DIST() function to find the correct pr
Answers
To calculate the probability of completing the project within 22 days using Excel's NORM.S.DIST() function, we need to know the mean and standard deviation of the project completion time.
The information provided does not include the mean and standard deviation, which are necessary to calculate the probability using the normal distribution. Without these values, it is not possible to determine the probability of completing the project within 22 days accurately.
If you have the mean and standard deviation of the project completion time, you can use the NORM.S.DIST() function in Excel to calculate the probability. The function takes the value (22 in this case), mean, and standard deviation as arguments to calculate the cumulative probability.
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What position would be the highest in a company's hierarchy?
A). director of finance
B). finance manager
C). accountant
D). finance administrative assistant
Answers
Answer: D. Finance administrative assistant
Explanation: search all the answers up to see if it matches CEO or is closet to the CEO job
can u give me an example of destructive and constructive? don't mind the subject by the way.
Answers
i believe constructive is like building something up (constructive criticism)
destructive is the opposite