There are two Nash equilibria both join, and both do not join.Thus option (A) is correct:
What are the equilibria?During a reversible chemical process, chemical equilibrium is the state in which there is no net change in the number of reactants or products. When a chemical reaction is reversible, the products react the with original reactants as soon as they are created.
A situation where opposing forces or actions are evenly distributed and neither is stronger than the other.
Two Nash equilibria both join, and both do not join kat is deciding if she would like to join the customer loyalty plan at bonsai plants and books. for simplicity, suppose that she and Patrick are the only consumers of bonsai plants and books. you can think of these as types of people
Therefore, Thus, option (A) is correct:
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What is the ability to respond with little penalty in time, cost or customer value? postponement repetitive process flexibility mass customization
The ability to respond with little penalty in terms of time, cost, or customer value is referred to as flexibility.
Family and the environment can both influence consumer value. Consumer value is widely regarded as playing a significant role in a company's success, competitive advantage, and long-term success, and it serves as the foundation for all marketing activities.
Creating customer value improves customer satisfaction and experience. (The opposite is also true.) A positive customer experience adds value to the customer.) Creating customer value (better benefits for a lower price) boosts loyalty, market share, and price, reduces errors, and boosts efficiency.
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Moretown, Inc. had the following transactions in 2017, its first year of operations:
1. Issued 35,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $23.00per share.
2. Earned net income of $75,000.
3. Paid no dividends.
At the end of 2017, what is total stockholders' equity?
A. $880,000
B. $35,000
C. $805,000
D. $ 75,000
Moretown, Inc. had the following transactions in 2017, its first year of operations at the end of 2017 $880,000 would be the total stockholder's equity.
Total Stock holder's equity = (35,000*$23) + $75,000
Total Stock holder's equity = $805,000 + $75,000 = $880,000
Equity held by stockholders refers to the sum that a company's founders have contributed to the enterprise. This includes both the money they have directly invested and all of the earnings the company has made and reinvested since it was founded.
Equity is distinct from shareholders' equity. While the term "equity" usually refers to a public company's ownership, "shareholders' equity" refers to the difference between a company's total assets and total liabilities as shown on its balance sheet.
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from a strictly economic perspective, immigration . multiple choice question. should be expanded until its marginal benefits exceed marginal costs should be expanded until its marginal benefits equal its marginal costs should be reduced until its marginal benefits equal its marginal costs should be reduced until its marginal benefits are less than marginal costs
The best level of output maximizes short-term earnings. It's the output at which the marginal profit made from the final unit of sales revenue is equal to marginal of manufacturing the good.
What is the marginal significance?When anything is referred to as marginal, it is little or not very significant. This is a slight improvement over October. Synonyms: negligible, little, low, and inconsequential more adjective synonyms for marginal.
Does marginal imply failure?If your evaluation shows some evidence of pertinent learning in connection to the course learning outcomes but does not meet the course's minimum requirements, you received a Marginal Fail (MF), which is a mark between 47% and 49%. If you get this grade, you might be qualified for an additional test.
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question content area abbott company uses the allowance method of accounting for uncollectible accounts. abbott estimates that 1% of credit sales will be uncollectible. on january 1, allowance for doubtful accounts had a credit balance of $3,000. during the year, abbott wrote off accounts receivable totaling $2,200 and made credit sales of $95,000. there were no sales returns during the year. after the adjusting entry, the december 31 balance in bad debt expense will be
After the adjusting entry, the december 31 balance in bad debt expense will be $3, 000.
Adjusting entries are changes to journal entries you have already recorded. Specifically, they create certain that the numbers you've got recorded match up to the proper accounting periods. Adjusting entries change you to regulate revenues and expenses to the accounting amount among that they occurred.
Uncollectible accounts are assets, loans, or different debts that have nearly no probability of being paid. an account might become invalid for several reasons, together with the debtor's bankruptcy, an inability to seek out the soul, fraud on the a part of the soul, or lack of correct documentation to prove that debt exists.
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neeta landscaping company provides lawn care services to a customer and immediately receives $45. which of the following describes how the company will account for this transaction? multiple choice debit other operating expense for $45. credit cash for $45. credit service revenue for $45. retained earnings decreases by $45.
The $45 credit service revenue is how the company will record this transaction.
The correct option is (c)
What is credit?Credit is the trust that permits one party to lend money or resources to another party, with the understanding that the second party will either repay or return the resources (or other goods of comparable value) at a later time, avoiding the creation of a debt in the process. A method for formalizing reciprocity, making it legally binding, and extending it to a significant number of unrelated parties is credit.
The resources offered may be monetary, as well as goods or services (e.g. consumer credit). Any deferred payment arrangement is considered credit. Credit is extended by a person, conjointly called a investor, to a soul, conjointly called a recipient.
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Search engine marketing search engines are online tools that help users find the information they need.
a. Trueb. False
True, a website can increase its visibility in search engine results pages by using a digital marketing approach called search engine marketing (SEM) (SERPs).
What is search engine marketing and how are its many forms used?The goal of the digital marketing strategy known as SEM (search engine marketing) is to increase the visibility of websites online and on search engine results pages (SERP). Usually, this takes the form of search ads that precede organic or unpaid results.
Is SEO employed as a marketing tactic?Online marketing relies heavily on SEO because searching is one of the primary ways that consumers surf the internet. A site's position on an ordered list of search results is indicated by how much traffic it is likely to receive.
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Which statement is true when recording the sale of goods for cash in a perpetual Inventory wystem? Two journal entries are necessary: one to record the receipt of cash and sales revenue, and one to record the cost of goods sold and to reduce inventory Only one journal entry is necessary. It will record the receipt of cash and sales revenue. Two journal entries are necessary: one to record the receipt of cash and reduction of inventory, and one to record the the cost of goods sold and sales revenue Only one journal entry is necessary. It will record cost of goods sold and reduce of inventory.
Two journal entries are necessary: one to record the receipt of cash and sales revenue, and one to record the cost of goods sold and to reduce inventory.
The items and materials a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory (in American English) or stock (in British English).
The main focus of inventory management is determining the location and shape of stocked commodities. It is necessary to go before the regular and scheduled course of manufacturing and stocking of materials at various places within a facility or at several sites of a supply network.
By defining work in process (or work in progress) broadly as "all work that is or has occurred prior to the completion of production," the concept of inventory, stock, or work in process (or work in progress) has been expanded from manufacturing systems to service businesses and projects.
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of the following four individuals, who is likely to have the highest credit score? question 11 options: jed has five credit cards and a gas card, credit utilization of 40%, and a perfect payment history for five years. fred has two credit cards totaling a $50,000 limit with $0 balances. ned has a 30-year mortgage in the 10th year with a perfect payment history and the mortgage is his only debt. ted has three credit cards, credit utilization of 29%, an installment loan, a mortgage, and a perfect payment history for three years.
Ted is likely to have the highest credit score from the following four individuals.
An individual's creditworthiness is shown by their credit score, which is a numerical expression based on a level analysis of their credit files. A credit report, which normally include data from credit bureaus, serves as the foundation for a credit score.
Lenders, like banks and credit card firms, use credit scores to assess the risk involved in lending money to clients and to reduce losses brought on by bad debt. To decide who is eligible for a loan, at what interest rate, and with what credit limitations, lenders utilise credit ratings. Additionally, lenders utilise credit ratings to identify the clients most likely to generate a profit.
Hence the correct option is C.
The above question is incomplete, the complete question is-
Of the following four individuals, who is likely to have the highest credit score? a. Jed has 5 credit cards and a gas card, credit utilization of 40%, and a perfect payment history for five years b. Ned has a 30-year mortgage in the 10th year with a perfect payment history and the mortgage is his only debt. c. Ted has 3 credit cards, credit utilization of 29%, an installment loan, a mortgage, and a perfect payment history for 3 years. d. Fred has 2 credit cards totaling a $50,000 limit with $0 balances.
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vesting refers to: group of answer choices how long until an employee can transfer any of his own contributions to a new plan if he switches jobs. restrictions on asset allocations within a defined contribution plan. eligibility requirements to retire early. the extent to which an employee materially participated in a given business in a given year. how long until an employee owns any employer contributions to the employee's pension plan.
A pension plan is an worker benefit that commits the organisation to make normal contributions to a pool of money that is set aside so that you can fund bills made to eligible personnel when they retire.
The Dutch pension device combines a pay-as-you-pass device, in which workers pay for retirees' blessings, and an man or woman funding device. inside the character investment system, agencies and individuals make excessive-chance and low-risk investments to make up for the amount they receive from the nation pension.
Your traditional pension plan is designed to provide you with a steady flow of earnings after you retire. it truly is why your pension blessings are typically paid in the shape of lifetime month-to-month payments. increasingly more, employers are making to be had to their personnel a one-time fee for all or a element of their pension.
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g sales $ 21,810,000 variable expenses 13,741,200 contribution margin 8,068,800 fixed expenses 6,040,000 net operating income $ 2,028,800 divisional average operating assets $ 4,363,000 the company had an overall return on investment (roi) of 18.00% this year (considering all divisions). next year the office products division has an opportunity to add a new product line that would require an additional investment that would increase average operating assets by $2,350,000. the cost and revenue characteristics of the new product line per year would be: sales $ 9,396,500 variable expenses 65% of sales fixed expenses $ 2,564,875
Next year the Office Products Division has an opportunity to add a new product line that would require an additional investment that would increase average operating assets by $2,262,500.
By a product, what do you mean?The thing being sold is called a "product." An item or service can be considered a product. Physical, virtual, or cyberspace forms are all possible. Every good has a price because it costs money to produce it. The market, quality, marketing, and intended market group all affect the price that can be paid.
What is an example of a product?Anything you offer to fulfill a customer's need or desire is a product. They could be real or imaginary. A physical product can be either durable (such as vehicles, furniture, or computers) or nondurable (like food and beverages).
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under the minimum resale price maintenance agreement, what does the manufacturer require a dealer to do?
Resale Price Maintenance Agreements (RPMs) are arrangements in which resellers commit to selling a product or items at a specific price that is either above or below a price ceiling or at or above a price floor (maximum RPM).
What is the purpose of resale price maintenance?In the practice of resale price maintenance, the manufacturer sets the price for the resale of a brand-name product and the retailer is not permitted to sell it for less. Resale price maintenance is a more direct strategy used by manufacturers to thwart inter-retailer price rivalry.In resale price maintenance, who sets the price?In accordance with the terms of the agreement, the reseller must sell the products or services at or above a certain price or margin, which is typically established by the supplier. RPM often violates Section 4 of the Competition Act of 2002, as amended and is illegal. Retailers are prohibited from autonomously fixing their prices by RPM agreements.Resale Price Maintenance Agreements (RPMs) are arrangements in which resellers commit to selling a product or items at a specific price that is either above or below a price ceiling or at or above a price floor (maximum RPM).
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on january 1, year 13, hart, inc., redeemed its 15-year bonds of $500,000 par value for 102. they were originally issued on january 1, year 1, at 98 with a maturity date of january 1, year 16. the bond issue costs relating to this transaction were $20,000. hart properly amortizes discounts, premiums, and bond issue costs using the straight-line method. what amount of loss should hart recognize on the redemption of these bonds?
Hart should recognize a loss of $16,400. The concept of redemption is frequently employed in business and finance.
When a financial instrument is repaid before it reaches maturity, this is referred to as redemption. Investors can redeem their shares by selling all or a portion of their holdings to the general public.The procedure of redeeming the bonuses and awards provided by the merchant is referred to as redemption in the realm of marketing.
Redemption has a direct connection to both capital gains and losses. Investors in financial instruments and shares with fixed income are eligible to receive interest payments on their capital at regular periods. Investors have the option to redeem their shares either on the instrument's maturity date or a few days beforehand.
In the given question,
Notes payable A/C Dr. $500,000
Loss on redemption A/C Dr. $16,400
To Cash A/C (500000/100*102) $510,000
To Discount on Bonds payable A/C $2,000
To Unamortized bond issue cost A/C $4,400
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fatima recently started her own tutoring firm to offer study help for high school students. to help finance her new business, which has a very limited track record, she issued bonds that offered relatively high rates of interest and had higher inherent risks. which type of bond is fatima most likely using in this scenario?
Fatima is most likely using junk bonds to help finance her new tutoring firm established to offer study help for high school students.
What is a Junk Bond?Junk bonds are bonds with a higher default risk compared to the majority of bonds issued by firms and governments. A bond is a debt or promise that, in exchange for being purchased, would make interest payments and refund the principal investment to investors. Junk bonds are bonds issued by corporations that are having financial difficulties and have a high chance of defaulting, failing to make interest payments, or failing to repay investors' capital.
Since the higher yield is required to help balance any default risk, junk bonds are also known as high-yield bonds. A high-yield, or "junk," bond is quite similar to standard corporate bonds from a technical standpoint. Both are examples of debt that a company has issued with the promise to pay interest and repay the principal at maturity. Because of the lower credit rating of their issuers, junk bonds are different.
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vektek, inc. thinks machine hours is the best activity base for its manufacturing overhead. the estimate of annual overhead costs for its jobs was $820,000. the company used 1,000 hours of processing on job no. b12 during the period and incurred overhead costs totaling $840,000. the budgeted machine hours for the year totaled 20,000. how much overhead should be applied to job no. b12? group of answer choices $840 $41,000 $42,000 $820
Overheads should be applied to job no. b12 is $41,000.
Overhead rate is the ratio of indirect costs to direct costs, expressed as a percentage, that is used to calculate the total cost of a product or service. It is typically calculated by dividing all indirect costs associated with a project by the total cost of direct labor hours or materials.
Calculate the overhead rate by dividing the total estimated overhead costs by the total budgeted machine hours.
O/H rate = $820,000 ÷ 20,000 hours = $41 per machine hour
Step 2: Calculate the overhead to be applied to job no. b12 by multiplying the overhead rate by the actual machine hours used.
O/H to be applied to job no. b12 = $41 x 1,000 hours = $41,000
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a firm has a fixed cost of $500 in its first year of operation. when the firm produces 100 units of output, its total costs are $4,500. the marginal cost of producing the 101st unit of output is $300. what is the total cost of producing 101 units? a. $4,800 b. $800 c. $5,300 d. $46.53
The total cost of producing 101 units will be $4,800. Therefore, option (a) is the correct answer.
Cost of production refers to every expenses a company will incur when manufacturing a good or delivering a service. Costs associated with production often include labour costs as well as supplies and raw materials used during production.
When evaluating their financial health, enterprises should take the cost of manufacturing into account. The corporation may stop production of a product to stay within budget if the cost of production is routinely higher than the sales it generates. Similar to this, the business may stop offering a service or find a way to reduce costs if the costs associated with doing so increase.
In the given question,
Fixed cost in 1st year = $500.
Marginal cost for 101st output, MC(101) = $300
Quantity = 100 units
Total cost, TC(100) = $4500 for 100 units
Now,
Marginal cost of producing the nth unit is equal to the difference of the cost of production of n units and the cost of production of (n-1) units.
i.e. MC(n-1) = TC(n) - TC(n-1)
TC(n) = TC(n-1) + MC(n)
TC(101) = TC(100) + MC(101)
TC(101) = 4,500+300
TC(101) = $4,800
Therefore, total cost of producing 101 units is $4,800.
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gap clothing stores sell primarily what type of products? a. convenience b. shopping c. unsought d. nondurable e. specialty
The correct response is b. shopping. Gap clothing stores primarily sell shopping products. The clothing at GAP is of high quality. Their jeans have been a part of my wardrobe for seven years, and during that period, I've worn them frequently and washed them at least twice a month. They have
Don's inability to find a pair of jeans that fit him well served as the company's motivation. According to Gap, Inc., the term "Gap" refers to the "generation gap" between what was available in the retail sector at the time and what younger customers actually desired from a clothes store. In order to make it simpler to locate a pair of jeans that fit, Gap was established in 1969 with a dedication to doing more. Since then, the company has expanded into seven brands, and our initial resolve to do more has developed into a global aspiration to promote sustainability, inclusion, and equality. Gap's CEO Sonia Syngal revealed a three-year rehabilitation strategy for the company in 2020. Syngal expects Gap to have a reduced share of Gap Inc's entire business by 2023, but remain profitable.
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Which of the following is not an external user of a business's financial information? O A. Investors OB. Customers O c. Employee OD. Taxing authorities
Employees are not outside users of a company's financial data. The employees do not access the financial data externally.
Instead, because they are employees of the business, they are regarded as internal users of the financial data. The personnel review and evaluate financial data for a variety of purposes, including reviewing profitability to plan for bonuses or evaluations.
Investors: Investors are outside parties. They are concerned about a company's financial health since they have invested money in it.
assessing agencies: External users include the tax authorities. They examine financial data from a company to determine the appropriate taxes to be collected.
Customers. External users are customers. They are a client that a business provides on the outside.
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What is an example of applying cadence and synchronization in SAFe?
Using a Portfolio Kanban system
Creating cross-functional teams
Conducting a System Demo
Working in iterations
A System Demo serves as an illustration of how cadence and synchronization are used in SAFe. This is due to the fact that a System Demo's main function is to showcase the outcome of an iteration and ensure that everyone is aware of the final goal.
Executives, managers, and leaders are currently receiving training as a result of a team recently adopting the SAFe Implementation Roadmap. Cadence and synchronization, when combined, are essential ideas that aid in managing the inherent variety of our job. Our main business stakeholders will be able to count on a more trustworthy, dependable approach for developing and delivering solutions as a result. Program level cadence and synchronization are provided by the Agile Release Train, which promotes alignment and aids in risk management. It is based on the acceptance and agreement to a set of standard operating procedures and guidelines that are adhered to by all teams making up the train.
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which ad agency function benefits from economies of scale when different ad agencies merge together?
Media agency function benefits from economies of scale when different ad agencies merge together.
To boost a client's presence online and off, a media agency works with various media, channels, and marketing strategies. On the other hand, an advertising firm specializes in advertising targeted goods and services. Compared to advertising agencies, media agencies offer a wider range of services.
To accomplish their business objectives, media companies assist their customers in implementing and managing marketing strategies. To improve brand recognition and market share in order to raise revenue, these agencies market the goods and services of their clients and conduct paid media campaigns.
The options for the question are:
A. media
B. strategy
C. creative
D. design
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advantages of digital marketing rapid technological change has had an impact on consumer purchasing habits.
Customers Have Higher Expectations. Consumers' expectations are at an all-time excessive as a end result of the have an effect on of technology.
With digital pioneers always raising the bar, your clients evaluate the journey of shopping for from you to your competitors and the trip they receive from Amazon, Netflix, etc.
How digital advertising can appreciably affect the purchaser shopping for process?Digital advertising and marketing approves buyers to tailor their buying experiences. It has been observed that customers decide on on the spot gratification to learning new products. A brand's digital content can be crafted and modified to offer tailor-made purchasing experiences. This will have a widespread influence on purchaser purchases.
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https://brainly.com/question/8367090#SPJ4Which of the following is being used to measure and assess the growth and development of the country?A. FreedomB. Equal treatmentC. SecurityD. Income
The fundamental anthropometric measurements for age up to two years are weight, length, weight for length, and head circumference.
The foremost measurements used for children above two years are weight, height, physique mass index (BMI), and head circumference for the 2-3 years age group.
What are the measures used to decide a developed or growing country?To seize the multifaceted nature of development, the HDI is a composite index of three indices measuring countries' achievements in longevity, education, and income.
You can see there are 4 one-of-a-kind types of size scales (nominal, ordinal, interval and ratio).
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https://brainly.com/question/28960295#SPJ4a fixed asset with a cost of $32,000 and accumulated depreciation of $28,800 is sold for $5,440. what is the amount of the gain or loss on the sale of the fixed asset? a.$2,240 gain b.$3,200 gain c.$3,200 loss d.$2,240 loss
The right response is A because the gain from selling the fixed asset was $2,240.
By "fixed assets," what do you mean?A long-term, tangible item of equipment or assets that a company owns and utilizes in its business to generate money is referred to as a fixed asset. In general, fixed assets are thought to last for at least a year before being used up, consumed, or turned into cash.
Briefing:
The amount of gain or loss on the disposal of the fixed assets is computed as:
Amount of loss or gain = (Selling Price + Accumulated depreciation) - Cost of fixed assets
where
Selling Price is $28,800
Accumulated depreciation is $5,440
Cost of fixed assets is $32,000
Putting the values above:
= ($28,800 + $5,440) - $32,000
= $34,240 - $32,000
= $1,000
It is a gain of $2,240 on disposal of the fixed assets.
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The fourth pair of columns on a 10-column work sheet prepared at the end of the period would be the
A. Income Statement columns.
B. Adjusted Trial Balance columns.
C. Balance Sheet columns.
D. Adjustments columns.
The fourth pair of columns on a 10-column worksheet prepared at the end of the period would be the A. Income Statement columns.
In the field of business, a 10-column worksheet is prepared in order to assess the revenue generated and spent by a particular company, form, or organization.
According to the 10-column worksheet, an income statement column is present at the end of the fourth pair of columns. It represents the income that was made by a person or a form for a particular amount of time. It helps in assessing the revenue that was spent by an organization.
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All of the following are true of Congress EXCEPT O it is a bicameral legislative body. O it is held in high esteem by the public. O members spend considerable time serving constituents. O its functions include lawmaking and oversight. O its individual members are valued by home district voters.
All of the aforementioned statements are true of Congress except: B. it is held in high esteem by the public.
What is the Congress?The Congress is sometimes referred to as Senate and it can be defined as a deliberative assembly or council of elected citizens found in the upper chamber or house of a bicameral legislature.
This ultimately implies that, Congress is a federal legislative arm of government of the United States of America, which is saddled with the responsibility of oversight functions, enacting and passing federal laws and bills for the citizens, with the steps enumerated above.
In conclusion, it is false to state the Congress is held in high esteem by the general public.
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the beginning cash balance is $50,000. sales are on account and 75% of sales on account is collected in the month of sale. the company desires to have a $25,000 ending cash balance. the surplus (or shortage) of cash before considering any borrowings in april would be:
The sole cost of selling is the sales commission. But at the other hand, indirect labor is an overhead allocation expense that is covered by the fixed manufacturing budget.
How does cash balance work?The sum of money that a business has on hand at the moment is called its cash balance. This money is kept on hand as a reserve to pay for any unanticipated cash outflows. Without this financial safety net, companies could finding themselves unable to cover their expenses. Normally, cash balances are put toward debt repayment or given as dividends to investors.
Why is cash king?The phrase "cash is king" refers to the idea that cash is far more valuable over any other type of investment instrument, such as or bonds or stocks. This sentence is frequently
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n data flow diagrams (DFDs), a process resembles a _____, where the inputs, outputs, and general functions of the process are known, but the underlying details are not shown.
black box
terminator
business rule
decision table
A process resembles a black box in N data flow diagrams (DFDs), where the inputs, outputs, and overall functions of the process are understood but the underlying details are not revealed. Thus, black box is correct answer.
What is data flow diagrams?A data-flow diagram displays the flow of information through a process or system (usually an information system). The DFD also includes information on the outputs and inputs of each entity and the process. A data-flow diagram contains no control flow, decision rules, or loops. A flowchart can describe data-driven operations. A number of notations can be used to represent data-flow diagrams. In 1979, Tom DeMarco described the above notation as part of structured analysis.
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_____ means allowing employees to make decisions about how service gets provided to customers.
Reliability
The zone of tolerance
Empowerment
The zone of assurance
Empathy
Empowerment means allowing employees to make decisions about how service gets provided to customers.
What is Empowerment?People that are empowered have authority and influence over their own life. People receive the assistance that is appropriate for them. Citizenship on an equal footing is what empowerment entails. They enjoy respect and self-assurance in their neighbourhoods. Leaders and team members may live their best lives and take ownership of their job when they feel empowered. By empowering employees, leaders who create an empowerment culture position their followers for success in three key ways.
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Which of the following are the main components of a data story? select three
A Data
B Narrative
C Visualizations
D Key performance indicators
A data story typically consists of the following elements: A data, B a narrative, and C visualizations.
What is data storytelling's primary elements?Together, data storytelling and data visualization use a disciplined methodology to convey your findings through three key components: narrative, graphics, and data.
What information must a data story have?The three examples have three things in common: accurate facts, a compelling narrative, and pertinent images. data storytelling's three components. These three examples are all strong in their own right, but it cost a lot of resources to carry out these campaigns.
How are data stories created?The ability to use data to create a story that is then contextualized and presented to an audience is known as data storytelling. It also makes use of data visualization, qualitative and contextual analysis, and presentation in addition to data analysis and statistics.
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which of the following statements best characterizes a monopoly? a monopoly: question 11 options: a) produces a product with no close substitutes. b) is composed of a single buyer and several sellers. c) is composed of a large number of small firms. d) is composed of a small number of large firms.
A monopoly produces a product with no close substitutes statement best characterizes a monopoly.
A monopoly is a situation in which there is only one seller operating in the market. In economics, the monopoly situation is frequently seen as the utter antithesis of ideal competition. By definition, the demand curve that the monopolist encounters is the downward-sloping industrial demand curve.
A particular type of monopoly called a "natural monopoly" emerges in an industry with highly high fixed distribution costs. For example, to supply energy, a complex network of wires and grids is required. For the company paying for the infrastructure, costs that are incurred but cannot be recovered are known as sunk costs.
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norris has a deductible of $1,000. he damages his car in an accident and it will cost $3,300 to repair.
Norris has a deductible of $1,000. he damages his car in an accident and it will cost $3,300 to repair. $2,300 he has to pay.
Calculating the problem:Using this formula:
Insurance coverage=Cost of repair- Deductible
Cost of repair=$3,300
Deductible=$1,000
Let plug in the formula
Insurance coverage=$3,300-$1,000
Insurance coverage= $2,300
What is the deductible?The amount of damage that the insurer pays when it makes a claim before it pays the claim. In an insurance contract, a deductible is the amount the policyholder pays out of pocket before the insurer pays the cost. In common usage, the term deductible can be used to describe any of several types of clauses used by insurance companies as thresholds for payment of claims.
Is it good to have deductions?In most cases, the higher the deductible on your plan, the lower your premium. If you are willing to pay more upfront when you need care, you can save money on your monthly payments. The lower the deductible for your plan, the higher your premium.
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