if the impartial spectator cares for Natasha and McKenna equally, their effort levels at this Pareto-efficient outcome would be equal, and their levels of utility would also be equal.
To find the Pareto-efficient level of fishing time for Natasha and McKenna, we need to identify the allocation of fishing time that maximizes social welfare subject to the constraint that each person's utility is non-negative. Let us assume that the impartial spectator cares for Natasha and McKenna equally.
We can begin by setting up the problem mathematically. Let x be the amount of fishing time allocated to Natasha and y be the amount of fishing time allocated to McKenna. Then, the total fishing time is T = x + y.
We can also assume that the utility function for each person is given by u(x) = x^α and u(y) = y^α, where α is a constant parameter that reflects the degree of diminishing marginal returns to effort.
The social welfare function is simply the sum of the utilities of Natasha and McKenna: W = u(x) + u(y) = x^α + y^α.
To find the Pareto-efficient level of fishing time, we need to maximize social welfare subject to the constraint T = x + y. We can do this using Lagrange multipliers:
L(x, y, λ) = x^α + y^α + λ(T - x - y)
Taking the partial derivatives of L with respect to x, y, and λ and setting them equal to zero, we get:
αx^(α-1) - λ = 0
αy^(α-1) - λ = 0
T - x - y = 0
Solving these equations for x, y, and λ, we get:
x = y = (T/2)^(1/(α-1))
λ = α(T/2)^(α/(α-1))
So, the Pareto-efficient level of fishing time for Natasha and McKenna is x = y = (T/2)^(1/(α-1)). At this allocation, each person's utility is u(x) = u(y) = ((T/2)^(1/(α-1)))^α = (T/2)^(α/(α-1)).
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find the following values using the equations and then a financial calculator. compounding/discounting occurs annually. do not round intermediate calculations. round your answers to the nearest cent. an initial $400 compounded for 1 year at 6%. $ an initial $400 compounded for 2 years at 6%. $ the present value of $400 due in 1 year at a discount rate of 6%. $ the present value of $400 due in 2 years at a discount rate of 6%.
The face values are $424.00 and $449.44 for 1st and 2nd years respectively. The present values due in 1 and 2 years are $377.36 and $355.09 respectively.
Using the formula for compound interest, we can calculate the values as follows:
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New Zealand's economy has received recent boosts from _____.
tourism
foreign investors
agriculture
trade with China
natural gas
Answer:
AVEEEEEEEEEEEEEEE MARIAAAAAAAAAAAAAAAAA
Explanation:
what is satisfaction or usefulness obtained from acquiring one more unit of a product?
The satisfaction or usefulness obtained from acquiring one more unit of a product is known as marginal utility.
Marginal utility refers to the additional benefit or satisfaction a consumer gets from consuming an additional unit of a good or service.
As a consumer acquires more units of a good, the marginal utility typically decreases. This is because the consumer's needs or desires for the product are gradually satisfied, and the additional units provide less and less additional satisfaction. Eventually, the marginal utility may become negative, meaning that the consumer actually experiences a decrease in satisfaction or usefulness from consuming an additional unit of the product.
Understanding marginal utility is important in economics because it helps to explain consumer behavior and the relationship between supply and demand. It also helps businesses to determine the optimal level of production and pricing for their products.
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T/F. Sand found in commercial sand and gravel deposits is typically composed of silicate minerals.
True, Sand found in commercial sand and gravel deposits is typically composed of silicate minerals.
What is a mineral?A mineral or mineral type is, generally speaking, a pure, naturally occurring solid chemical compound with a very well-defined chemical makeup. Compounds that are found only in living organisms are typically not included in the geologic definition of a mineral.
What features does a mineral have?By definition, minerals have three characteristics: they are solid, they have an orderly atomic arrangement, and they have a chemical formula that is constant or nearly constant. Oil is a mixture of organic molecules that is liquid and does not have a consistent chemical formula or clearly defined atomic structure.
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what is the weekly average yield on us treasuries adjusted to a constant maturity of one year as of october 2016
As of October 2016, the diurnal average yield on US Treasuries shaped to a constant maturity of one time was 0.42. This rate reflects the yield on a academic, lately issued one- time Treasury note, calculated by the US Department of Treasury.
It is predicated on the secondary request yields of other outstanding Treasury securities with majorities ranging from four weeks to 52 weeks. This low rate is harmonious with the Federal Reserve's long period of low interest rates, which was a response to weak profitable growth and low inflation.
The low rates have affected not only the bond request but also a range of asset classes, including equities, real estate, and goods. Investors and judges nearly cover Treasury yields as an important profitable indicator.
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If average labor productivity in two countries is the same, average living standards will be lower in the country with:
A) the larger population. B) the smaller population.
C) the higher share of population employed D) the lower share of population employed.
Real economic output for each working hour is what is referred to as labour productivity, also known as workforce productivity. The change in economic production per work hour over a predetermined period is used to calculate the growth in labour productivity.
Employee productivity, a measurement of a worker's output, should not be confused with labour productivity. Divide the total output by the total labour hours to find the labour productivity of a nation. Consider a scenario in which the real GDP of an economy is $10 trillion and the total number of hours worked in the nation is 300 billion. $10 trillion divided by 300 billion would result in a labour productivity of roughly $33 per hour. The economy's rise in labour productivity would be 72% if its real GDP increased to $20 trillion the next year and its labour hours to 350 billion.
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on may 1, shilling company sold merchandise in the amount of $5,800 to anders, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. shilling uses the perpetual inventory system and the gross method. the journal entry or entries that shilling will make on may 1 is (are): multiple choice account title debit credit sales 5,800 accounts receivable 5,800 account title debit credit sales 5,800 accounts receivable 5,800 cost of goods sold 4,000 merchandise inventory 4,000 account title debit credit accounts receivable 5,800 sales 5,800 account title debit credit accounts receivable 5,800 sales 5,800 cost of goods sold 4,000 merchandise inventory 4,000 account title debit credit accounts receivable 4,000 sales 4,000
the entry(s) to be made in the journal on May 1: Account title Debit Credit Sales 5,800 Accounts Receivable 5,800 Account Title Sales 5,800 Accounts Receivable As a result, choices (A) and (B) are correct.
What is meant by sold merchandise?Both total revenues and total assets will rise on the day the product is sold as a result of the sold goods on account. Moreover, using the perpetual inventory method will cause the asset, which is the merchandise inventory on the balance sheet, to decline on the same day as the cost of goods sold increases on the income statement.
On the other hand, if we utilize the periodic inventory method, the cost of products sold won't be computed and recorded until the end of accounting, after we've carried out a physical count of the inventory to ascertain the actual balance.
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the adjusted basis of vance's partnership interest in lex associates was $180,000 immediately before receiving the following distribution in complete liquidation of lex: basis to lex fair market value cash $100,000 $100,000 real estate 70,000 96,000 what is vance's basis in the real estate?
The balance of Vance's basis in the real estate after complete liquidation is $80, 000
Itcan be computed as:
Basis in partnership
Interest 180,000
Cash (100,000)
80,000
Land (80,000)
Basis in Real Estate to (total) 80,000
Selling off assets to pay off creditors and shut down a business is the process of liquidation. A company going into liquidation would be one that sold off its inventory, real estate, and other assets to settle its debts and shut its doors. In a complete liquidation, the liquidating corporation distributes all of its assets to its shareholders.
The assets are distributed in a single distribution or a series of distributions, and the distributions consist of the redemption of the entire stock of the corporation. A limited company's affairs are "winded up" through the legal procedure of liquidation. The company no longer exists at the conclusion of the procedure.
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rita owns a sole proprietorship in which she works as a management consultant. she maintains an office in her home (500 square feet) where she meets with clients, prepares bills, and performs other work-related tasks. her business expenses, other than home office expenses, total $5,720. the following home-related expenses have been allocated to her home office under the actual expense method for calculating home office expenses. real property taxes $ 1,660 interest on home mortgage 5,190 operating expenses of home 830 depreciation 1,636 also, assume that, not counting the sole proprietorship, rita's agi is $61,200. rita itemizes deductions, and her itemized deduction for non-home business taxes is less than $10,000 by more than the real property taxes allocated to business use of the home. assume rita's consulting business generated $15,300 in gross income. note: leave no answer blank. enter zero if applicable. required: what is rita's home office deduction for the current year? what would rita's home office deduction be if her business generated $10,300 of gross income instead of $15,300? (answer for both the actual expense method and the simplified method.) given the original facts, what is rita's agi for the year? given the original facts, what types and amounts of expenses will she carry over to next year?
The actual expenditure incurred will indeed be allowed to deduct into Tier 1, Tier 2 and Tier 3 however the sum will be restricted to $10,000.
The following is how the home office deduction is calculated:
(a) Simplified approach:
[tex]Standard Deduction of Office+Propety Tax+Interest OnMortage\\ =300sq.ft ×$5 +$1.600+$5,100 \\ =$8,200[/tex]
(b) Method of actual expense:
The actual expenditure incurred will indeed be allowed to deduct into Tier 1, Tier 2 and Tier 3 however the sum will be restricted to $10,000.
Particulars Tier 1 Tier 2 Tier3
Opening Balance ;$10,00(Gross Total Income) $4,400 ($2,300($2,300)
Less: Actual Expenses ;($5,600) N.A. N.A. N.A.
Real Property Taxes ; N.A. $1,600 N.A. N.A.
Interest on Home Mortgage; N.A. $5,100 N.A N.A.
Closing Balance ; $4,400 ($2,300) ($2,300) ($2,300
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edwin (61) will use the single filing status for 2021. his only income during the year consisted of $10,750 in wages. what is the maximum amount he can contribute to a traditional ira for 2021?
Edwin will be able to contribute $7000 if his IRA phase-out range is less than $66,000 to $76,000. As here his income is $10,750.
For 2023, $6,000, or $7,000 if ones age 50 or older by the end of the year, or your taxable compensation for the year. Traditional IRA phase-out ranges:$66,000 to $76,000 – Single taxpayers covered by a workplace retirement plan. $105,000 to $125,000 – Married couples filing jointly. This applies when the spouse making the IRA contribution is covered by a workplace retirement plan.
A bracket of $198,000 to $208,000 – A taxpayer not covered by a workplace retirement plan married to someone who's covered. $0 to $10,000 – Married filing a separate return. This applies to taxpayers covered by a workplace retirement plan.
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review the risk management policy in appendix b. what other types of policies can you describe to manage risks?
Equipment precautions, such as safety training, inspection, and usage seminars, are only a few examples of the various corporate rules and regulations for risk management.
How is a policy on risk management reviewed?Reviewing a framework for risk management can be done in a variety of ways, some of which are: • carrying out a thorough analysis of the main elements of the structure for risk management. demanding that internal audit analyze the framework for risk management • comparing performance to that of other organizations. records that are specific about when the tools used to execute tasks were last examined, repaired, or maintained. hiring and screening candidates.
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he accompanying histogram shows the life expectancies at birth for 190 countries as collected by an international health agency.
​a) Which would you expect to be​ larger: the median or the​ mean? Explain briefly.
​b) Which would you​ report: the median or the​ mean? Explain briefly.
This is because there are likely to be some nations with really high life expectancies, which would raise the value of the mean because the transfer of life expectancies seems to be likely to be biassed to the right.
Is there a normal distribution for life expectancy?The normal distribution of life expectancy on average has a mean of seven years and a standard error of 10 years. Worldwide, were there 56.5 million fatalities in 2017.
What does life expectancy mean?The phrase "life expectancy" refers to how many years one can anticipate living. By definition, average lifespan is based on an estimation of the typical age at death for members of a given population group.
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advanced communication systems have contributed to growth in international business by . question 38 options: enabling better oversight of global operations reducing the effects of global competition decreasing the cost of cargo transportation reducing export regulations
The best course of action is to improve global operations oversight that is option a. The significance of communication technologies in global company might create more problems than it solves.
This is especially important for setting up contracts between societies and dialects. When negotiating between two cultures in international commerce, the communication mechanism is crucial. The phrase "communication system" refers to a collection of different media communications organisations, transmission frameworks, hand-off stations, feeder stations, and terminal hardware that is generally connected and operable together to form an integrated whole. Modern communications have the potential to fundamentally alter how information is distributed and consumed, how business is conducted, and how important services are given. Satellite communication, navigational systems, quantum communication, and molecular communication are some examples of such cutting-edge communication technology.
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what are the two functions that enable management to go through the process of continually planning and evaluating
Planning and control are two crucial responsibilities that give management the ability to continuously foresee the future and evaluate how well implementation is going.
What is a deployment evaluation?Whether process of teaching have been carried out as intended is determined by process/implementation evaluation.
How does it quantify program effects inside the target population?Instead than only focusing on outcomes, evaluating implementation gives evaluation results insights into how programs function and why they succeed or fail.
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prezas company's balance sheet showed total current assets of $4,500, all of which were required in operations. its current liabilities consisted of $945 of accounts payable, $600 of 6% short-term notes payable to the bank, and $245 of accrued wages and taxes. what was its net operating working capital?
The information from Preza's balance sheet indicates that the net working capital could be $3,025.
Expression of the net working capital as follows:
Net working capital = Current assets - Current liabilities
Thus, Net working capital = $4,250-($975+$250)
NWC = $4,250-$1,225
NWC = $3,025
Therefore, the net working capital is $3,025.
The difference between a company's current assets, such as cash, accounts receivable/unpaid bills from customers, stockpiles of raw materials, and finished items, and its current obligations, such as loans and accounts payable, is known as working capital, sometimes known as net working capital (NWC). It is a commonly used indicator to gauge the organization's current state of health.
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why is communication with another person or group described as an action chain? give an example of an action chain that might occur when you meet (1) a friend, (2) your new boss, and (3) a young child. gg
Communication is referred to as a "action chain" because one word or action might result in the creation of another, like a link in a chain.
What do you mean by an action chain in communication?Action chains are sets of steps where the activity or benefit of one step serves as the signal for the following step. Therefore, the sequence is: Cue --> Action --> Reward --> Cue --> Action --> Reward.
A talker and a listener are connected through an electric, visual, or aural channel in a communication chain.
The wheel network, chain network, circle network, and all-channel network, which are each of four different varieties.
Therefore, Communication is referred to as a "action chain" because one word or action might result in the creation of another, like a link in a chain.
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current trends indicate that, due to the emerging economies, the world is moving blank an economic system that is more favorable for international business.multiple choice question.closer tofurther away fromsimilar to
Recent trends imply that, as a result of developing economies, the globe is transitioning to a more advantageous economic structure for international trade.
What words can you use to describe growth and development?
Growth is defined as an irreversible steady rise in size in the context of childhood development, while development is defined as growth in psychomotor ability. These processes are heavily influenced by genetic, dietary, and environmental variables. The cephalocaudal principle, the proximodistal principle, and the orthogenetic principle are the three growth and development principles. Because of these regular patterns of growth and development, we can forecast how and when the majority of children will develop particular features.
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a household's demand for gala apple is represented by where qg is the quantity of gala apple bought by this hh in a month. pg is the price of gala, pf is the price of fuji apple that is the only other apple this family may consider for consumption, and i is income/month earned by this family. which statement is true?
The statement that is true is: The demand for gala apples is a function of the price of gala apples, the price of fuji apples, and the household income.
The statement "The household's demand for gala apple is represented by qg=f(pg,pf,i)" is true. This equation indicates that the demand for gala apple is determined by the price of gala apple (pg), the price of fuji apple (pf), and the income of the household (i). In other words, when the income increases, the demand for gala apple also increases, and when the price of fuji apple decreases, the demand for gala apple may also increase.
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caleb, who owns a successful business with two locations and a few international clients, was approached by a large organization about dramatically expanding his company. caleb later told his wife that he is happy with his success, but he wants to stay small because if he decides to add new products, small companies
Caleb is happy with his success, but he wants to stay small because if he decides to add new products, small companies can move more quickly and start more readily.
What do you mean by products?
The thing that is being sold is called a product. An object or a service can both be considered products. It could appear in the form of anything physical, digital, or cybernetic. Every good has a price, and every good has costs attached to it. The price that can be paid is influenced by the market, the quality, the marketing, and the target market.
What does "product" signify in terms of commerce?
In business, a product is an item or service that you might offer to clients. These products could be material (like clothing or furniture) or immaterial (like computer software). A business is referred to as a product business if product sales account for the majority of its revenue.
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national saving refers to: 1. income minus investment. 2. income minus consumption minus government spending. 3. disposable income minus consumption. 4. taxes minus government spending.
Income minus consumption minus government spending is referred to as national saving.
A country's economy is said to be developing if its citizens' living standards rise while seeing consistent growth. Today, we'll talk briefly about the ideas of consumption, savings, and investment while also outlining how these three variables relate to one another using the traditional approach. Keynes' central claim was that our level of real consumption is influenced by our disposable income, which is determined by deducting tax obligations from gross income. C = f (Y), where Y refers for disposable income and C stands for consumption, provides additional insight into this.
Keynes also believed that when disposable income rises, individuals tend to increase their spending levels.
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suppose the consumer price index is 143.6. what does that number mean ? a. on average, goods cost $243.60. b. prices rose 143.6% over the reference base period, on average. c. on average, goods cost $143.60. d. prices rose 43.6% over the reference base period, on average.
The correct answer is option c: on average, goods cost $143.60. That number means on average, goods cost $143.60.
The consumer price index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
The CPI is often used as an indicator of inflation or price level changes.
The CPI is expressed as an index number, with a reference base period set to 100.
The current CPI value of 143.6 means that the cost of the market basket of goods and services used to calculate the index is, on average, 43.6% higher than the cost of the same basket of goods and services during the reference base period.
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Which two documents summarize the business plan of a company?
a. Pitch Deck
b. Marketing Plan
c. Lean Canvas
d. Business Plan
Pitch Deck and Lean Canvas are the two documents summarize the business plan of a company .
Good business plans should include an executive summary and sections on products and services, marketing strategy and analysis, financial planning, and a budget.
Main Components of a Business Plan
Executive summary. This is your five-minute elevator pitch. ...Business description and structure. This is where you explain why you're in business and what you're selling. Market research and strategies. Management and personnel. Financial documents.Thus , Pitch Deck and Lean Canvas are the two documents summarize the business plan of a company .
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each quarter lisa's company asks her to name 3 people in her department that would make good managers in the future. this is an example of .
The practice of Lisa's company to ask her to name 3 people in her department that would make good managers in the future is an example of talent identification or succession planning.
One example of talent identification or succession planning is the company Lisa works for asking her to name three members of her department who would make good managers in the future.
Identification and development of staff members with the potential to hold important leadership positions within the organization is the process of succession planning. It entails determining the expertise, competencies, and aptitudes needed for particular roles before identifying and fostering the growth of employees with the aptitude to fill those roles.
The business is engaging in succession planning by identifying and developing staff members who have the potential to hold leadership positions in the future by asking Lisa to identify potential managers within her department. This procedure ensures that the business has a pipeline of capable
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when the demand for a product is and the price is reduced, total revenue will fall?
If a product's demand is price elastic and the price rises, total revenue will fall. Total revenue will fall if a product's demand is price inelastic and the price falls.
When demand is inelastic and the price is lowered total revenue will rise?If the price of an inelastic good is reduced, demand does not increase, resulting in less overall income because of the lower cost and no change in demand. This would imply that the company should not lower the price of its goods because there is no benefit to doing so.
As a result, an increase in price increases totals revenue, while a decrease in price decreases total revenue. Finally, demand is said to be unit elastic if the percentage change in quantity demanded equals the percentage change in price.
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suppose that the monthly marginal cost for a usfs approved wildfire water pump is and the production of 13 units results in a total cost of $12680. a) find the total cost function. b) find the cost of producing 31 units
the total cost function: C(q) = FC + q * MC(q)
the cost of producing 31 units : C(31) ≈ $12,680 + 5/13 * (C(13)
We know that when q = 13, the total cost is $12,680. We can use this information to find the fixed costs. At q = 13, the total cost consists of the fixed costs plus the variable costs (i.e., the cost of producing 13 units at the marginal cost rate):
C(13) = FC + 13 * MC(13) = $12,680
We can solve for the fixed costs:
FC = $12,680 - 13 * MC(13)
Now we can write the total cost function:
C(q) = FC + q * MC(q)
We know MC(q), so we can substitute it in:
C(q) = ($12,680 - 13 * MC(13)) + q * MC(q)
b) To find the cost of producing 31 units, we can use the total cost function we just found and substitute q = 31:
C(31) = ($12,680 - 13 * MC(13)) + 31 * MC(31)
We don't know MC(31), so we can't evaluate this expression yet. But we can make use of the fact that MC(q) is the derivative of the total cost function with respect to q. This means that if we integrate MC(q) with respect to q, we get the total cost function.
Let's integrate MC(q):
∫ MC(q) dq = C(q)
Since we don't know the functional form of MC(q), we can't integrate it exactly. However, we can make an approximation by assuming that MC(q) is roughly constant over the range of interest (i.e., between q = 13 and q = 31). This is a reasonable assumption if the marginal cost function is relatively flat.
Assuming MC(q) is constant at MC(13), we can write:
∫ MC(q) dq ≈ MC(13) * (q - 13)
Substituting this into the total cost function, we get:
C(q) ≈ ($12,680 - 13 * MC(13)) + MC(13) * (q - 13)
Now we can evaluate this expression for q = 31:
C(31) ≈ ($12,680 - 13 * MC(13)) + MC(13) * (31 - 13)
C(31) ≈ ($12,680 - 13 * MC(13)) + 18 * MC(13)
C(31) ≈ $12,680 + 5 * MC(13)
We still need to know MC(13) to compute the cost of producing 31 units. However, we can use the fact that we know the total cost at q = 13 to find MC(13):
C(13) = ($12,680 - 13 * MC(13)) + 13 * MC(13)
Solving for MC(13):
MC(13) = (C(13) - $12,680) / 13
Now we can substitute this into the expression we derived for C(31):
C(31) ≈ $12,680 + 5 * [(C(13) - $12,680) / 13]
Simplifying:
C(31) ≈ $12,680 + 5/13 * (C(13)
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ttes is about 0.4. if a pack of cigarettes currently costs $5 and the government wants to reduce smoking by 20 percent, by how much should it increase the price?
Percentage change in price = percentage change in quantity demanded/price elasticity of demand = (0.2/0.4)*100% = 50%
What makes smoking less beneficial?Raises quality of life while improving health. may increase life expectancy by up to 10 years while lowering the danger of dying too soon. decreases the chance of a wide range of harmful health impacts, including as cancer, poor reproductive results, cardiovascular disease, and chronic obstructive pulmonary disease (COPD).
How does quitting smoking affect you?It is clear from the evidence that smokers who cut back on their daily cigarette intake are more likely to try and succeed in quitting. Furthermore, studies have demonstrated the advantages of replacement therapy for both reducing and quitting smoking.
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Consider public policy aimed at smoking. Studies indicate that the price elasticity of demand for cigarettes is about 0.4.
If a pack of cigarettes currently costs $5 and the government wants to reduce smoking by 20%, how much should they increase the price by?
If a ceo makes a bad decision what will the shareholders do
marketing organizations’ decisions to offer ______________________ often attracts competitive entry; whereas decisions to offer ________________ generally discourage market entry by new competitors.
Marketing organizations' decisions to offer low prices often attract competitive entry; whereas decisions to offer unique products generally discourage market entry by new competitors.
The competitive entry is low because low prices can be easily matched by competitors, but unique products are more difficult to replicate.
Low price put the risk on a firm because the firm has to decrease its production cost to keep earning profit from the lower selling price. Without lower production cost, it is impossible for the firm to earn profit. However, this strategy will be effective especially on a price sensitive market. The sudden increase on demand will attract more competitors who will try to sell their products at even lower price. This move will decrease the firm's demand and push the firm to lower its selling price to keep its customers.
Therefore, offering unique products can provide a competitive advantage and discourage new competitors from entering the market. Offering unique products can be discouraging the new competitors because they need further research and design about the new products. These research and design process consume both time and cost.
Moreover, since the product is new in the market, there is no success guarantee for it. The new competitors tend to hold themselves and see the market responses towards the new products before entering the market and competing with the current producers.
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how will the supply of clothing change if the forecast is that clothing prices will rise in the next few months? the supply of clothing will increase in the market today. suppliers will stop producing clothing and switch to an alternate item. the supply of clothing will decrease in the market today. the supply of clothing will remain unchanged today.
The availability of clothing on the market today will most likely decline if it is predicted that clothing costs will increase in the coming months.
This is because as prices rise, manufacturers could be less inclined to create and market their clothes inventory right away since they anticipate receiving a greater price in the future. They might decide to keep their stock until prices do go up, which would reduce the amount of clothing available on the market right now. The supply and demand of a product are generally impacted by price changes, and this relationship can have a substantial impact on both the amount and price of a product in the market.
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abc had the following final balances after the first year of operations: assets, $55,000; stockholders' equity, $25,000; dividends, $3,000; net income, $10,000. what is the amount of abc's liabilities? (just type numbers)
the first year of operations: assets, $55,000; stockholders' equity, $25,000; dividends, $3,000; net income, $10,000. the amount of ABC's liabilities is $30,000.
To find the amount of ABC's liabilities, we can use the accounting equation:
Assets = Liabilities + Stockholders' Equity
We are given that ABC's assets are $55,000 and its stockholders' equity is $25,000. We also know that ABC paid $3,000 in dividends and had net income of $10,000. We can use this information to solve for liabilities:
Assets = Liabilities + Stockholders' Equity
$55,000 = Liabilities + $25,000
Liabilities = $55,000 - $25,000
Liabilities = $30,000
Therefore, the amount of ABC's liabilities is $30,000.
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