Ivan has inherited his mother's 1963 Chevrolet Corvette, which he
values at $45,000. He decides that he might be willing to sell it so he
posts it on Craigslist for $55,000. Samantha is interested and willing to pay up to $72,000.Would Ivan and Samantha want to voluntarily engage in trade? How much economic surplus is created for both of them as a result of this exchange? What is the total economic surplus?

Answers

Answer 1

Ivan acquired the 1963 Chevrolet Corvette, which he estimated to be worth $45,000, from his grandmother. Having decided that he might be willing to sell it, he decides to post it online.

The definition of the term "inherit"

obtaining property, money, or other items from a decedent: She will leave an equal inheritance to each of her children.

Hereditary traits are behavioral characteristics that are genetically transmitted. We frequently assume that genetics is what determines things like our height, eye color, and hair type and color. We almost ever give our genetic make-up a thought, though. That's only partly accurate. Parents pass on characteristics and traits to their children through their DNA, including blood type and eye color.

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Related Questions

Competition in the 21st century is no longer between companies; it is between: A) Talented employees B) Ethical employees C) Quality Control D) Supply Chain E) Managers

Answers

Competition in the 21st century is no longer between companies; it is between D) Supply Chain.

In the 21st century, competition is no longer about who has the best products or services, but about who has the most effective supply chain.

Companies that have a well-organized supply chain are able to get their products to the customer faster and more efficiently than their competitors. Having a strong supply chain can give businesses a competitive edge in the market and help them build long-term success.

Companies need to focus their efforts on developing and optimizing their supply chain strategies in order to remain competitive in today's market.

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What type of economic system has a command economy?.

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Answer: Communist political parties

Explanation:  First of all, what is a command economy? A command economy is an economy in which production, investment, prices, and incomes are determined centrally by a government. And if we know that communist countries such as China and North Korea have an economy, we can infer that these countries have command economies because the government has full control over the economy. I hope this helped!

What is the best definition of free enterprise?.

Answers

The free market, often known as free enterprise, is an economic system in which the government is replaced by the market in determining the costs of goods, services, and prices. Government oversight of companies and services is absent.

With no restrictions from the government and the ability to operate as private firms with the potential to generate a profit, the free enterprise system gives people the power to manage their own finances. A free enterprise system is characterised by private property, economic freedom, financial incentives, competitive marketplaces, and a minimal role for the government. In a free-market economy, firms fight for customers and profits with little to no oversight from the government.

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At daisy’s gifts, daisy and her assistant stocked the shelves, marked each item with a price, and kept a sales log so they would know when it was time to reorder. daisy’s unique merchandise attracted shoppers and her shop became quite popular. when daisy found herself doing paperwork rather than serving her customers, she most likely decided to
- sell her business
- embrace technology
- maintain a larger inventory
- let go of her assitant

Answers

Answer:

Embrace technology

Explanation:

an entrpenuer is not likely to close there business, and if she already has more work than she can manage whilst also keeping good customer relations then she would not let go of her assistant, and she cannot manage a larger inventory. technology will be more efficient and accurate, therefore the most logical choice would be to embrace technology

The angle of elevation to the top of a building in New York i found to be 9 degree from the ground at a ditance of 1 mile from the bae of the building. Uing thi information, find the height in of the building in feet. (rounded to the tenth)

Answers

The height of the building in Feet is 839.52 ft and in Miles is  0.159 miles, obtained by using the Equation:

                      x = 1*tan(9º) = 0.159 miles.

This problem can be set up as a right triangle where the tall side (height of the building) is an unknown variable (x) and the base of the triangle is 1 mile. The angle opposite of the tall side, x, is 9 degrees.

Now you can use the tangent trig function whereby tan(angle) = opposite length /adjacent length. opposite length is x, The adjacent length is 1 mile, angle is 9 degrees.

tan(9º) = x / 1

Rearrange for x;

x = 1*tan(9º) = 0.159 miles.

(make sure to use degree mode on your calculator when calculating the tangent)

Now to get feet, just multiply by 5,280 ft in one mile.

The height of the building is 0.159 miles * 5280 ft/mile

The height of the building is = 839.52 ft

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we have several items to add to a lake tahoe itinerary, including a trip to gar woods grill and pier. what famous drink do we tell you to ask the waiter for at this popular waterfront restaurant?

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We have various items to add to a lake Tahoe itinerary, such as a trip to gar woods grill and pier. The famous drink we tell you to ask the waiter for at this popular waterfront restaurant is Wet Woody.

The Wet Woody is a frozen, blended drink made with light rum, cranberry juice, pineapple juice, orange juice, sweet and sour, and peach schnapps with a Bacardi Select float. The Wet Wood drink is considered to be a Tahoe icon.

Thus, the Wet Woody is the famous drink item at Tahoe's popular beachfront restaurant, which is a must-ordered drink item.

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which of these is known as the greatest danger associated with excavations?
A.)Asphyxiation
B.)Cave-ins
C.)Fire
D.)Underground utility lines

Answers

B.) Cave-in is known as the greatest danger associated with excavations.

Excavation Safety is a standardized set of safety measures for trenching and excavation designed to get rid of dangers and manage risks while still adhering to laws. Trenching and Excavation Safety is another name for it, according to the U.S. Occupational Safety and Health Administration (OSHA).

Among the riskiest tasks in the construction sector are trenching and excavation. Risks can include cave-ins, falling objects, dangerous environments, and risks associated with employing large machinery. Hazards and serious injury risk can be decreased through routine pre-work inspections. Inspections for safety should look at the kind of excavation being done, the support and warning systems in place, the access points, the weather, the heavy machinery, and PPE.

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What are the two main reasons researchers use factorial designs?

Answers

The use of factorial designs enables researchers to examine the impact of several independent variables on a dependent variable as well as any potential interactions between various independent variables.

What are the responsibilities of a researcher?

As part of their job, researchers must analyze data, gather and compare resources, verify facts, communicate findings to the entire research team, follow established techniques, conduct necessary fieldwork, and maintain the confidentiality of sensitive information.

a person who researches a topic, especially to learn new facts or come to new conclusions: a political or television researcher.

To become a research scientist, you typically require a first- or 2:1 (upper second-class) degree in a science-related field. Most research scientists continue their education to earn a postgraduate degree, like a PhD. You may research an integrated

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How many coins are in a nickel?.

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A nickel is a five-cent coin of the United States, hence only 1 coin which is worth 5 cent in a nickel.

The penny, nickel, dime, and quarter are the four most frequent coins. They are individually worth varying sums of money and have distinct physical characteristics that can be distinguished by touch.

The nickel is the five-cent coin of the United States. Thomas Jefferson, our third president, is depicted on the obverse (heads) of the nickel. Although the current portrait is from 2006, he has been on the cent since 1938.

A penny = 1 cent.

A nickel = 5 cents.

A dime = 10 cents.

A quarter = 25 cents.

A nickel is a five-cent coin, hence, only 1 coin in a nickel.

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How does unemployment affect economic development?.

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When there is a low unemployment rate, the economy grows quickly, and vice versa when there is a high unemployment rate.

However, this isn't always the case; in instances of recession, also known as negative economic growth, there is a surge in unemployment as a result of the following circumstances:

- If there is less demand for the product, the company will have to employ fewer people since it will manufacture fewer things.

The business is bankrupt.

Due to the unpredictability and poor economic development, businesses are reluctant to hire new employees.

The three main ways the Federal Reserve reduces the amount of money in circulation are via raising interest rates, requiring banks to maintain higher minimum reserves, and selling government securities.

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What are three big differences between banks and credit unions?.

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Credit unions are not focused on making a profit as much as banks are, so they are able to offer their members lower fees, better interest rates on loans and higher yields on savings.

A bank is a sort of financial organisation that accepts deposits from the general public, makes demand deposits, and loans money. Since banks are crucial to a nation's financial stability and economic health, they are often subject to strict supervision.

Proportional reserve banking, in which banks keep liquid assets that are only partially comparable to their present commitments, has become institutionalised in the majority of nations. In addition to extra constraints to ensure liquidity, banks are frequently subject to minimum capital requirements based on the Basel Agreement, an international capital rule set.

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shemar performs planning, organizing, leading, and controlling functions for his organization, so he should be considered a manager. true or false

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The sentence "Shemar should be regarded a manager because he performs planning, organizing, leading, and managing functions for his organisation." is True.

Setting objectives, creating strategies, and laying out tasks and timelines are all parts of the planning process. To accomplish the goals, organising entails allocating resources and assigning duties. Working as hard as you can can help you attain your organisational goals.

The act of leading involves inspiring and encouraging people to cooperate in order to accomplish the desired results. Monitoring performance and taking corrective action to ensure that the objectives are being met is the process of controlling. The caliber of your work will determine whether you receive a promotion.

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what are the main purposes of a feasibility study?

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One of the main purposes of a feasibility study is to check the development of land regarding its success and failure with respect to the financial viability.

The feasibility study can be ideally taken into consideration as a study related to the financial success or failure of a land which has been under continuous development in the past. Moreover, this study also helps in determination whether it will be viable for a company to take up the project on the developed land, as such. It is also one of the main purposes of this study.

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A strategy for reducing resource consumption through decreased demand and increased efficiency.

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A strategy for reducing resource consumption through decreased demand and increased efficiency Conservation. So answer is Conservation.

How does conservation work?

The sources from which we can gain advantages are the resources.

Although some resources are scarce, we must nevertheless use them wisely because they are only available in certain quantities. Conservation refers to this method of wise resource usage. Utilizing the resources in a way that will allow for both efficient usage in the present and the future is the goal of conservation strategy. The conservation plan therefore emphasizes prudent resource management.

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Why is it important to identify ownership or possession?.

Answers

Explanation:

It can help them keep connected to the past whilst providing a link to the generations to come by providing something unique that distinguishes the family. Ownership also creates a sense of respect, limitation of its use from others, possession of authenticity and in many ways creates power.

which type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment?

Answers

Make to stock type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment.

What does "manufacturing project" mean?

An activity called project manufacturing is made to create distinctive but related products.

                              While allowing for customisation into "unique" combinations, it benefits from standard manufacturing requirements (and hence efficiencies). Special orders could be handled like a project.

Why is stock referred described as an investment?

The term "inventory investment" refers to the differential between items produced and goods sold in a particular year. Although the idea can be used with either the economy as a whole or a specific company, macroeconomics is where it is most often used (economy as a whole).

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During civil lawsuit proceedings regarding alcohol service, courts will try to determine if the
designated driver was present and remained sober. guest's BAC was checked throughout the evening. server recently attended proper alcohol training, server contributed to the injury.

Answers

Courts will attempt to ascertain if the designated driver was there and stayed sober throughout civil lawsuit proceedings over alcohol service.

A lawsuit is a legal action brought by one or more plaintiffs or claimants against one or more defendants. Only a limited number of laws from long ago that are still in force include the phrase "suit in law." The term "lawsuit" refers to a civil action that is launched by a plaintiff—a party who alleges that they have suffered loss as a result of the defendant's actions—and in which the plaintiff asks the court for either a legal remedy or an equitable remedy.

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The types of accounts which affect retained earnings are:
(Select all that apply)
Liabilities
Dividends
Assets
Revenues
Expenses

Answers

The amount of profit a business keeps after paying all of its direct and indirect expenses, income taxes, and dividends is known as retained profits.

Does accounts receivable have an impact on retained profits?

Any accounting method can be used to produce a retained earnings statement. The main distinction is that since neither is utilized in cash accounting, balances for accounts receivable and payable would not be included in the formula.

What three things make up retained earnings?

The beginning period retained earnings, net profit or net loss realized during the accounting period, and cash and stock dividends paid during the accounting period are the three elements that make up retained earnings.

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The longet ide of an obtue triangle meaure 20cm. The two horter ide meaure Xcm and 3xcm rounded to the nearet tenth ,what i the greatet poible value of x

Answers

The greatest possible value of x is 6.3 cm, if the longest side of an obtuse triangle measure 20cm. The two shorter side measure x cm and 3x cm rounded to the nearest tenth.

As given in Question,

Longest side is 20 cm

Two shorter sides are x cm and 3x cm.

According to Obtuse triangle Properties:

square of sum of two shorter side is less than square of longest side

i.e. (sum of two shorter side)² < (longest side)²

If an obtuse triangle is given and 20 cm is the longest side, then:

x² + (3x)² < 20²

x² + 9x² < 400

10x² < 400

x² < 40

x < 6.3

So, the greatest possible value of x could be 6.29999...≈ 6.3 to the nearest tenth.

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the globalization of _____ is the term used to describe the merging of national markets into one large global place.

Answers

Answer: The globalization of markets is the term used to describe the merging of national markets into one large global place.

Explanation:

Economic "globalization" is a process of evolution that is the outcome of human ingenuity and technical advancement. It refers to the increasing globalization, particularly the flow of products, services, and capital across borders. The phrase is also used to describe the flow of individuals (labor) and information (technology) across international borders. Globalization has larger cultural, political, and environmental implications.

The term "globalization" became more popular in the 1980s, reflecting technological improvements that made international transactions—both commercial and financial flows—easier and faster to perform. It refers to an expansion of the same market pressures that have existed for centuries at all levels of human economic activity—village markets, metropolitan sectors, or financial centers—beyond national lines.

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If d0 = $1. 75, g (which is constant) = 3. 6%, and p0 = $32. 00, what is the stock's expected total return for the coming year?.

Answers

9.45%. is the stock's expected total return for the coming year.

What is Dividend Growth Model?The dividend growth model estimates the present stock price by discounting predicted future dividends from the stock, which is supposed to increase at a constant pace. The dividend growth model is a mathematical method that investors can use to calculate a realistic fair value for a company's stock based on its present payout and predicted dividend growth in the future. The dividend discount model is a technique used in finance and investment to determine the value of a company's stock by calculating how much all of its future dividend payments, discounted to their present value, are worth.

Explanation:

As per the data:

D0 = $1.75

Constant growth rate, g = 3.6%

P0 = $31

Expected return, r =?

Computation:

As per the dividend growth model:

r = (D1 / P0) + g

r = ($1.81 / $31) + 3.6%

r = 9.45%

Working note:

D1 = D0 * (1 + g)

D1 = $1.75 * (1 + 3.6%)

D1 = $1.81

The complete question is,

If DO = $1.75, g (which is constant) = 3.6%, and PO = $31.00, what is the stock's expected total return for the coming year?

a. 9.45%

b. 10.87%

c. 7.75%

d. 9.64%

e. 10.49%

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The stock is projected to have an annual total return of 9.45%.

Describe the dividend growth model.

The dividend growth model, which assumes that future dividends will increase steadily, calculates the current stock price by discounting anticipated dividends from the stock.

The dividend growth model is a mathematical technique that allows investors to determine a reasonable fair value for a company's stock based on its current payout and anticipated dividend growth in the future.

The value of a company's stock is calculated using the dividend discount model, a method used in finance and investment, by calculating the present value of all of the company's future dividend payments.

As per the data:

D0 = $1.75

Constant growth rate, g = 3.6%

P0 = $31

Expected return, r =?

Computation:

As per the dividend growth model:

r = (D1 / P0) + g

r = ($1.81 / $31) + 3.6%

r = 9.45%

Working note:

D1 = D0 * (1 + g)

D1 = $1.75 * (1 + 3.6%)

D1 = $1.81

The complete question is,

If DO = $1.75, g (which is constant) = 3.6%, and PO = $31.00, what is the stock's expected total return for the coming year?

a. 9.45%

b. 10.87%

c. 7.75%

d. 9.64%

e. 10.49%

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evaluate whether russia’s economic modernization in the nineteenth century was motivated primarily by internal or by external factors.

Answers

The economic modernization of Russia in the 19th century depended on the combination of both factors, both internal (State) and external (Foreign Capital).

Modernisation has been a recurring motif in Russian history at this point since Paul the Great initiated a series of programs aimed at closing the financial, technological and social gap among both Russia and the more 'advanced' countries of Europe. All of the rulers of the Soviet Union and post-Soviet Russia were acutely aware of this gap and pursued a variety of modernization strategies, some more successful than others. However, it would be incorrect to regard modernisation as a deterministic process reserved solely for the state. Modernization has had significant effects on Russian society, and the perceptions of various social groups have been critical to modernisation's success or failure

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Efficiency means our economic pie is divided into equal slices. True False

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The statement 'efficiency means our economic pie is divided into equal slices' is false as due to efficiency there is a difference in economies.

In today's economy, efficiency does not always mean that our economic pie is divided into equal slices. Instead, efficiency often leads to an unequal distribution of resources, where one group of people or businesses may benefit more than another.

This means that even though the overall productivity of the system may be higher, the rewards are not equally shared.

This can create a system in which some individuals or businesses have an advantage over others, leading to uneven economic growth. As such, efficiency does not always mean that the economic pie is divided into equal slices.

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Which economic system has the most regulations?

Answers

Command economy has the most regulations.

A command economy is one in which the government controls the production and pricing of products and services. In a command economy, also known as a planned economy, the government selects which commodities and services to create, how they are produced and distributed, and how much they cost.

The central planner is the government. There is no competition in a command economy because the government sets and controls all aspects of business. Monopolies controlled by the government are prevalent. These could include financial services, utilities, or even transportation firms.

Because it is difficult for one organization (i.e., the government) to realize the requirements of everyone in the country, command economies frequently produce too much of one thing and not enough of another. As a result, a command economy frequently results in significant surpluses or shortages of goods and services.

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the effect of a fuel tax on the quantity of gasoline sold

Answers

A fuel tax increases the price of gasoline, which leads to a decrease in the quantity of gasoline sold.

B. When the price of gasoline increases as a result of a fuel tax, consumers will naturally purchase less of it. This is because as the price of a good increase, the quantity demanded of that good decreases, according to the law of demand.

Additionally, a higher fuel tax may encourage consumers to use more fuel-efficient vehicles or to carpool, which would also decrease the quantity of gasoline sold.

Furthermore, some consumers may switch to alternative forms of transportation such as public transportation, walking or biking which would also decrease the quantity of gasoline sold.

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a person or business that offers loans at extremely high interest rates called is

Answers

A person or business that offers loans at extremely high interest rates called is loan shark.

A loan shark is a person or institution that lends money at exorbitant interest rates and frequently threatens with violence to recover debts. The interest rates are often far higher than the set legal rate, and loan sharks are frequently members of organized crime groups.

A loan shark is someone in one's personal or business network who offers high-interest loans. They can be found in underbanked areas, through the internet, or via personal networks. Their funds are typically undisclosed, and they operate for unregistered corporations or personal businesses.

Background checks and credit records are not required by loan sharks. They will lend big sums of money in the hopes of earning a high rate of return.

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What is Accenture's role in multi party systems practice?.

Answers

Accenture Blockchain and Multiparty Systems specializes in supply chain, digital identity and financial services. In each of these domains, we have built incredible foundational capabilities, confirmed proofs of value, and helped business ecosystems implement the first wave of multiparty systems.

About Accenture

Accenture is a leading global professional services company that helps the world's leading businesses, governments, and other organizations build their digital core, streamline operations, accelerate revenue growth, and improve people's services -- creating real value at scale and speed.

They are a talented and innovative company with 738,000 employees serving customers in more than 120 countries. Technology is at the heart of today's transformation, and we are a global leader in driving that transformation with strong ecosystem relationships.

They combine our technological strengths with unmatched industry experience, operational know-how and global delivery capabilities. With our range of services, solutions and resources across Strategy and Consulting, Technology, Operations, Industry X and Accenture Track, we are uniquely positioned to deliver real results.

These qualities, together with a culture of mutual success and a commitment to 360° value creation, allow us to help our clients thrive and build trusting and lasting relationships. They measure our success by the 360° value we create for our customers, each other, shareholders, partners and our community.

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what does a business typically receive when it issues stock to owners?

Answers

Stock certificates is a document that received by a business when it issues stock to owners. Stock certificates containing several information, such as the number of shares owned, the date of purchase, a corporate seal, and other.

In business and corporate law, a stock certificate generally can be defined as a legal document that certifies the legal interest of ownership of a specific number of shares or stock in a corporation. A stock certificates also can be defined as a documents that proves the holder has ownership in the company, as it displays the number of shares owned, the date of purchase, a corporate seal, and other

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What is comparative explain with example?.

Answers

In grammar, the comparative form of an adjective or adverb shows that something has more of a quality than something else has. For example, ' bigger' is the comparative form of 'big', and 'more quickly' is the comparative form of 'quickly'. Compare superlative.

Definition of degree of comparison

Degree of comparison is used as a word for comparison between objects. It can be an adjective or adjective as well as an adverb or adverb.

The easiest way to find out the form of a sentence using the degree of comparison is using the keywords: more, less, the most, and others. Of course, we must know in advance what sentences are suitable for using this phrase in the form of degrees of comparison.

Types and examples of degrees of comparison

There are three types of degrees of comparison that we can use to express comparisons in English, including positive degree, comparative degree, and superlative degree.

Positive degree

Positive degree is a simple form of degree of comparison because there is no comparison in it.

This positive degree only states something with the same comparison, so we can use the phrase “as …. as” to complete the sentence.

Comparative degrees

Comparative degree is used to compare two things in one sentence. Generally, when using a comparative degree it is necessary to add the ending -er or -ier. For example, in the word angry, you can change it to angry.

Comparative degree as an adverb you can also add the word more before adjective such as more angry, more happily, and so on.

Superlative degrees

Superlative degree is used to compare three or more things in one sentence. If in Indonesian we often use the word "most", then in this superlative degree the phrase used is "most" or changing the ending from adjective to  -est, like happy to happiest.

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Sarah makes $43,000 per year, is single, and lives in connecticut. She has $19,000 in direct subsidized loans and $8000 in direct unsubsidized loans.

Answers

The repayment plan will be the cheapest for her in total is Standard repayment plan.

A standard repayment plan is an amortization schedule in which he pays a fixed monthly amount for 10 years.

This makes a total of 120 payments. The standard repayment plan has the advantage of accruing less interest and making payments over a shorter period of time than the federal repayment plan.

Because unsubsidized loans pay higher interest than subsidized loans, Sarah has to pay off the unsubsidized loan first. This minimizes interest payments.

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Complete question:

SARAH makes $43,000 per year, is single, and lives in Connecticut. She has $19,000 in subsidized loans and $8000 in unsubsidized loans. Which repayment plan will be the cheapest for her in total?

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