State banks are required by law to belong to the federal reserve system. Option A.
What is the federal reserve system?The United States of America's central banking system is called the Federal Reserve System. With the passage of the Federal Reserve Act on December 23, 1913, it was established in response to the need for centralized control of the monetary system to prevent financial crises following a string of financial panics.
The central bank of the United States is the Federal Reserve System, also known as the Federal Reserve or simply "the Fed." It was established by the Congress to give the country a more secure, adaptable, and stable financial and monetary system.
When a national bank merges or consolidates with a State member bank operating under a State charter, the State bank's membership in the Federal reserve.
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if the marginal revenue for the next unit of output produced is $50, but the marginal cost is $45, the profit-maximizing firm should
The company that wants to maximize its profits should produce less. Therefore, the price is $50.
$50 is the margin revenue.
Cost at risk equals $45
It was discovered from the provided facts that marginal revenue is not equal to marginal cost. When marginal revenue and marginal cost are equal,
However, in this case, marginal cost exceeds marginal revenue. To lower the marginal cost, the monopoly firm should create less production.
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What is at stake if an insurance company’s models aren’t particularly good at predicting risk?.
Insurance companies and data brokers anticipate your medical expenses based on publicly available information on things like race and marital status without any oversight.
How can insurance firms forecast their claim losses with sufficient accuracy to be able to profitably price their policies?
The companies estimate the amount and frequency of any future claims they might be required to pay to policyholders using the law of large numbers in order to make these precise projections. The probability theory, in particular, is a branch of statistics that gives rise to the law of big numbers. Based on established risk factors, such as the policyholder's age, general health condition, occupation, and lifestyle, an insurance firm offers insurance coverage. Adverse selection and moral hazard are two issues that prevented the insurance market from operating effectively. Because a high-risk individual is more likely to apply for insurance than a low-risk person does, adverse selection happens.
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If the adjusting entry to accrue interest on a note receivable is omitted, then?.
If the adjusting entry to accrue interest on a note receivable is omitted, then assets, net income, and stockholders' equity will be understated.
What is an adjusting entry ?Adjusting entries are modifications to previously written entries in your diary. They specifically check that the data you have recorded corresponds to the appropriate accounting periods.Accrued revenues, accrued expenses, unearned revenues, prepaid expenses, and depreciation are the five types of adjustments entries.Utility bills, salaries, and taxes are a few examples of expenses that are typically billed at a later time after they have been incurred. An adjustment entry is made to eliminate the account payable that was previously recorded together with the accumulated expense when the cash is paid.If the adjusting entry on a note receivable is omitted, then assets, net income, and stockholders' equity will be understated.To learn more about Adjusting entries refer to:
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the annualized percentage change in real gdp is 1%. what is the quarter-to-quarter percentage change in real gdp upon which this annualized rate was calculated? please choose the correct answer from the following choices, and then select the submit answer button. answer choices 4% 0.025% 0.25% 0.4% gs
The US economy expanded by an annualized 2.6% on a quarterly basis, exceeding expectations for a gain of 2.4% and recovering from a recession in the first half of the year.
What is GDP?The gross domestic product (GDP) is the total monetary or market value of all finished products and services produced within a country's borders during a specific time period (GDP).
Because it is a broad indicator of total domestic production, it provides an exhaustive evaluation of the state of the economy in a particular country.
Although it is often calculated on a yearly basis, GDP can also be computed on a quarterly basis.
For instance, the US government estimates the annualized GDP for the entire year as well as each fiscal quarter.
Each item of information in this report is given in real terms, which implies that it has been netted for inflation after being adjusted for price changes.
Hence, economy expanded by an annualized 2.6% on a quarterly basis, exceeding expectations for a gain of 2.4% and recovering from a recession in the first half of the year.
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Antitrust laws were created to give government the power to
Answer:
To protect consumers from predatory business practices and ensure fair competition.
Explanation:
thats it give me points pls
During the economic downturn, alejandro’s neighbor, a successful accountant, lost his job and had to sell his house. Alejandro decided that this neighbor "must have really messed up at his work. " this is an example of.
A successful accountant who was Alejandro's neighbor lost his job and had to sell his home due to the recession. This neighbor "must really have messed up at his employment," Alejandro reasoned. This is an illustration of a simple worldview.
What is an economic downturn?When the value of stocks, real estate, and commodities decreases, productivity either stagnates or declines, and GDP (gross domestic product) contracts, stagnates or expands more slowly, this is referred to as an economic downturn.
An economic downturn is a normal fluctuation of the economy between expansionary and deflationary periods that is referred to as the economic cycle. The business cycle or trade cycle is another name for the economic cycle.
A downturn typically refers to the graph's downward tendency. However, when referring to a slowdown in growth, analysts and the press have been known to use the phrase.
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the average credit card debt for college seniors is $3262. if the debt is normally distributed with a standard deviation of $1100, find these probabilities:
The average credit card debt for college seniors is $3262. If the debt is normally distributed with a standard deviation of $1100, The probabilities are 0.9801, 0.2514, 0.3434
The term "credit card" refers to a particular form of payment card that banks provide to their customers to use when making credit-based purchases of goods and services. Credit card debt is the result of the interest and purchase amounts accumulating on this kind of card.
The probabilities are roughly 0.98, 0.25, and 0.34 for choices a through
The probabilities can be determined as follows:
Given,
The standard deviation of debt distribution (β) = $1100
Average debt for college seniors (α) = $3262
College senior's debt as represented by a random variable is D.
a. P( X ≥ 1000) = P( D ≥ 1000 - α/β )
Relacing values in the equation:
P ( D ≥ 1000 - 262/100 )
∴ P (D ≥ - 2.06 )
Solving further:
1 - p ( D ≤ - 2.06 )
Therefore, the probability of college senior's debt = 1 - 0.0199
Probability = 0.9801
b. Probability of senior owning more than $4000
P( X ≥ 4000) = P( D ≥ 4000 - α/β )
P = (D ≥ -4000 - 3262/1100 )
1 - p ( D ≤ 0.67 )
The probability of senior owning more than $4000 = 1 - 0.7468
Probability = 0.2514
c. Probability of debt between $3000- $4000:
P ( 3000 ≤ X ≤ 4000 ) = P ( 3000 - α/β ≤ D ≤ 4000 - α/β )
P ( 3000 - 3262/1100 ≤ D ≤ 4000 - 3262/1100 )
Solving further:
P ( - 0.024 ≤ D ≤ 0.67 )
p ( D ≤ 0.67 ) - p ( D ≤ - 0.24 )
1 - p ( D ≤ 0.67 ) - 1 - p ( D ≤ - 0.24 )
Replacing with values:
Probability = 0.7846 - 0.4052
Probability = 0.3434
Thus, approximate probabilities are a. 0.98, b. 0.25 and c. 0.34.
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Complete question:
The average credit card debt for college seniors is $3262. if the debt is normally distributed with a standard deviation of $1100, find these probabilities:
A. that the senior owes at least $1000
B. That the senior owes more than $4000
C. that the senior owes between $3000 and $4000
a simple method to conceal inventory shrinkage due to theft would be to adjust the . a. terminate the warehouse manager b. decrease the discount provision for obsolete inventory c. physical inventory count to match the perpetual inventory d. perpetual inventory to match the physical inventory count
Forced reconciliation, whereby an employee modifies the numbers in the permanent inventory account so that they match the physical inventory account, is one of the simplest techniques fraudsters take to conceal shrinkage.
What is Shrinkage?
Inventory loss due to issues like employee theft, shoplifting, human error, vendor fraud, damage, and cashier error is known as shrinkage. Shrinkage is the discrepancy between the inventory that is recorded on a company's balance sheet and the inventory that really exists. The loss of inventory caused by this idea ultimately results in a loss of income, making it a major problem for retailers.
Shrinkage is a measurement of the discrepancy between the recorded inventory and the actual inventory. Profits are lost as a result of shrinkage because inventory that was purchased but couldn't be sold.
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what is a geographic concentration of interconnected companies, specialized suppliers, distribution networks, and service providers that are present in a region?
A geographic concentration of interconnected companies, specialized suppliers, distribution networks, and service providers that are present in a region are called clusters.
In the field of business, such a geographic concentration that has companies interlinked to one another in some way or the other is referred to as a cluster.
The businesses present in a cluster are interlinked through properties such as skills, area suppliers, areas of distribution, etc. Every aspect of a business that is interlinked is a part of a cluster.
Based on a cluster one can easily understand the marketing strategies and the effective marketing present in a particular geographic area.
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how should fund information be reported in governmental and enterprise fund financial statements? select one: a. only the major funds should be reported, with separate columns for each fund. b. all funds should be combined and reported in a single column. c. each major fund should be reported in a separate column, and nonmajor funds should be combined and reported in a separate column. d. all funds should be reported, with separate columns for each fund.
The accurate solution is C - Each predominant fund need to be mentioned in a separate column, and non-predominant budget need to be mixed and mentioned in a separate column.
The required details for fund in given paragraph
A fund is a group of various people's cash, collected & controlled via way of means of excessive marketplace professionals. They collected and invested the cash in diverse stocks, bonds, and different securities to offer higher returns. The cash earned within side the shape of returns is sent amongst traders in share to the variety of gadgets they own. Different kinds of budget fulfil different purposes. It is right to have an idea & higher know-how of the way the budget work, the special kinds of budget, and which one could be useful to you. A fund is an accumulation of cash reserved for an supposed purpose. A fund may be created for numerous reasons, together with a central authority setting cash apart to construct a brand new conference center, a university setting cash away to offer a scholarship, or an coverage organization making an investment cash apart to pay off its customers' claims.
How does the fund work?
Funds are utilized by individuals, businesses, and governments to set aside cash. Individuals can installation an emergency fund, frequently called a rainy-day fund, to cowl surprising prices or a accept as true with fund to keep cash for a particular individual.
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Do companies in either the service sector or the merchandising sector make choices about absorption costing versus variable costing?.
No, because they do not have set manufacturing costs, service and retailing businesses do not decide between absorption and variable costing.
Explain about the merchandising sector?Generally speaking, merchandising refers to any organization involved in product sales. There are two categories of merchandising businesses, namely retail and wholesale, according to this definition. While wholesalers purchase goods from producers and resell them to retailers, retailers offer their items straight to customers.
When a potential customer enters your store, merchandise refers to everything you do to advertise and sell your products. When we discuss merchandise, we are usually referring to goods that may be purchased, usually in a retail setting.
A merchandiser makes sure that a retail store's shelves are filled with goods and presents them tastefully for customers. Additionally, they keep tabs on inventory levels, alert management to any problems or shortages, and remove discarded products from egregious breaches of store etiquette.
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Corporate governance methods are ultimately responsible for ensuring the honesty and integrity of the firm. This can be especially problematic for high-rising ""unicorn"" firms that sometimes grow more quickly than their governance structures can mature. Which one of the following is the best evidence that uber may be facing a problem of corporate governance?.
A statement which provides the best evidence that Uber may be facing a problem of corporate governance is: a. Uber has shown open disregard for laws and partnerships with Carnegie Mellon University.
What is good corporate governance?In Business management, good corporate governance can be defined as a strategic management procedures and processes which provides businesses organizations (companies or firms) with good leadership, honesty, transparent rules, controls, integrity, and ensures that all decisions align with the interests of shareholders and stakeholders.
What are the four principles of good corporate governance?Generally speaking, there are four (4) main principles of good corporate governance and these include the following:
TransparencyFairnessAccountabilityResponsibilityUnder good corporate governance, a situation which would suggest that a business firm such as Uber (a high-rising unicorn) is facing a problem of corporate governance is if it shows an open disregard for laws or in its partnerships with other business firms.
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Complete Question:
Corporate governance methods are ultimately responsible for ensuring the honesty and integrity of the firm. This can be especially problematic for high-rising "uni-corn" firms that sometimes grow more quickly than their governance structures can mature. Which one of the following is the best evidence that Uber may be facing a problem of corporate governance?
a. Uber has shown open disregard for laws and partnerships with Carnegie Mellon University.
b. The SEC required the Uber board of directors to disband and brought in new members.
c. Uber reached a $50 billion valuation in only five years— two years faster than Face-book.
d. Dynamic pricing is a key to Uber's revenue stream.
e. Taxi industry unions are rallying against the disruptive innovations Uber is bringing into the market.
on june 1, sawyer co. borrowed $5,000 by extending their past-due account payable with a 45-day, 12% interest-bearing note. on july 16, the due date, sawyer pays the amount due in full. sawyer would record this payment with a (debit/credit) to interest expense in the amount of .
On June 1, sawyer co. borrowed $5,000 by extending their past-due account payable with a 45-day, 12% interest-bearing note. on July 16, the due date, the sawyer pays the amount due in full. sawyer would record this payment with a (debit/credit) debit to interest expense in the amount of $75.
In this case, the total interest expense is $5,000 x 12%/12 x 1.5 months = $75.
Therefore, the total debit to interest expense is $75.
Interest is the price you pay to borrow cash or the value you fee to lend money. interest is most usually reflected as an annual percent of the amount of a loan. This percentage is known as the hobby fee on the loan.
Interest is the value of borrowing cash. commonly expressed as a percent, it amounts to a fee or greater price the borrower pays the lender for the financed sum. when you make a charge on an easy-interest loan, the payment first is going towards that month's interest, and the rest goes in the direction of the primary.
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if units sold are less than units manufactured, then variable costing income will greater than absorption costing income. variable costing income will be less than absorption costing income. variable costing income will be equal to absorption costing income. none of these choices are correct.
If units sold are less than units manufactured, then Net operating income at absorbing costs is higher than net operating income at variable costs.
(Under absorption costs, fixed production overhead is postponed in inventory. Lower expenses and increased net operating profits are the outcomes of this.)
In managerial and cost accounting, the notion of variable costing refers to the exclusion of fixed manufacturing overhead from the product-cost of production. The approach is in contrast to absorption costing, which allocates the fixed production costs to the produced goods.
A managerial accounting technique known as "absorption costing," also known as "full costing," is used to record all expenses related to producing a specific product. This method accounts for both direct and indirect costs, including direct materials, direct labor, rent, and insurance.
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why is most unsold merchandise not carried over to the next season? multiple select question. the merchandise can become outdated. the firm can experience excessive inventory carrying costs. the merchandise can become shopworn. no types of merchandise are really worth carrying over to the next season.
Unsold merchandise refers to the unsold products offered for sale, but no one has purchased them.
There could be a number of causes for you to liquidate your small business inventory. Products can be out of date, or there isn't enough demand to move your current stock. It's possible that your rivals are offering a lower price than you can match, or you might decide to close the shop. Knowing all of your alternatives makes it simple to sell unsold stock.
Liquidation WholesalersDiscount PricingCompany Yard Sales for CharityThe CompetitionLiquidation Wholesalers: Companies that specialize in selling off surplus inventory are available. Some of these businesses focus on export sales, while others sell surplus stock to retailers who offer customers great discounts. These wholesalers will give you cents on the dollar, but you will be able to sell your unsold inventory for cash immediately.
Discount Pricing: You may provide consumers with significant discounts. You may also see your discount offer as a chance to introduce your business to potential new clients. Stress the fact that this is a one-time occasion and that following the discount sale, the business will resume as usual.
Company Yard Sales for Charity: Some businesses sell extra merchandise during yard sales and donate the earnings to a good cause. Your tax deduction will increase in proportion to the number of charitable contributions you make. Additionally, a charity yard sale will improve your standing in the neighborhood.
The Competition: Consider making an offer to your rivals if your company is closing. You will sell at a significant discount, but since there is no middleman involved, you could do better by selling to your rivals directly as opposed to a liquidator. You must make sure that transferring the merchandise to your rivals won't cost you anything.
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Taxes were historically prepared on paper by consumers or professionals. now, tax-preparation software programs are in wide use by taxpaying consumers and small businesses. this shows the process of.
Tax software analyzes your financial data using IRS tax rules to locate every deduction and credit you can legally use to lower your tax burden.
What is the best software for tax preparer?ProSeries Professional: The best professional tax preparation program overall.QuickBooks Online ProAdvisors should use ProConnect Tax Online.TaxAct Professional: The most affordable option for preparing limitless returns.Drake Tax: The most affordable option for preparing 30 or fewer individual and business tax returns. It has distinct advantages over both manually filing your tax return and hiring a tax professional.Simple to use and convenient.It is convenient to use an online tax service.A More Affordable Option...Quicker receipt and turnaround.Useful for keeping records. Tax software analyzes your financial data using IRS tax rules to locate every deduction and credit you can legally use to lower your tax burden.To learn more about Tax software refer
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What are the three basic decisions firms must make when looking at foreign expansion?.
in a marketing firm, ideas for a new marketing campaign must be sent back and forth between graphic designers and business development representatives several times for input, feedback, and changes before finally being published. this is an example of blank interdependence
This is an example of Reciprocal interdependence in a marketing firm.
It should be remembered that reciprocal interdependence necessitates interaction with others for activities to occur. Mutual interdependence When two or more groups are mutually dependent on one another for input, reciprocal interdependence occurs. For instance, the marketing division would have nothing to sell if product engineering didn't exist.
Everyone is heavily responsible for completing objectives and tasks because both teams or departments are dependent on one another. The process is circular. Let's picture what the cyclical workflow at a software company would look like. A fantastic product is created by an engineering and development team. A reciprocal relationship prevents any one person or business unit from manufacturing a product independently of another person or unit.
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How are cranberries processed to prepare them for shipping and purchasing by a consumer.
They could be packaged in clamshell packaging, plastic bags with holes to let out extra moisture, or other types of packaging. After that, the products need to be put in bigger, stronger boxes so they can support the weight of palletization.
How do cranberries get ready?There are two methods used to harvest cranberries: wet harvest and dry harvest. The majority of cranberries are picked wet when the field is inundated, but a small number are picked dry using a mechanized picker and marketed as fresh fruit.The berries are deposited by the machine in a burlap bag that is attached. A sack is poured onto a metal screen to separate the detritus from the berries after it is full. The berries are then put in crates and brought to the processing facility where rotten and bruised ones are separated out and thrown away.They could be packaged in clamshell packaging, plastic bags with holes to let out extra moisture, or other types of packaging. After that, the products need to be put in bigger, stronger boxes so they can support the weight of palletization.To learn more about weight of palletization refer to:
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why do markets for black pepper, tea, and sun-grown coffee affect tropical rain forest differently than vanilla, brazil nuts and mexican chocolate?
When grown, black pepper, tea, and coffee decimate the rain forest. When they are grown, Brazil nuts, Mexican chocolate, and vanilla preserve it.
Pepper may be kept for a long time in storage without losing its flavor and aroma because it has a comparatively low moisture content (especially when in its whole peppercorn form). Almost all foods across the globe benefit from the flavoring effects of black pepper. It is a component of peppercorn blends, salad dressings, rubs, and spice blends.
Due to the shortage of goods in many of the world's major pepper-producing nations and the rise in freight costs, pepper prices have increased significantly by 45–55%.
At the moment, Vietnam is the world leader in pepper exports, meeting 60% of global demand in Brazil, Indonesia, and the United States.
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when an organization with a simple structure increases its sales revenue and volume of outputs, it is most likely to develop a _________ structure. group of answer choices divisional product-market geographic functional
When an organization with a simple structure increases its sales revenue and volume of outputs, it is most likely to develop a functional structure.
Sales revenue is the money a business makes from selling products or offering services. Sales and revenue can, and frequently are, used interchangeably to refer to the same thing in accounting. It is significant to remember that revenue does not always equate to money received.
One part of sales revenue may be paid in cash, and the other part may be paid on credit using methods like accounts receivable.
Either the gross revenue total or the net revenue amount can be used to represent sales revenue on the income statement.
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members of the budget committee at xycat co. review and approve departmental budgets that are submitted by various department heads. this is an example of blank team.
Members of the xycat co. budget committee review and approve departmental budgets submitted by various department heads. This is an example of a management team.
A committee or commission is a group of one or more people who report to a deliberative assembly. A committee is not considered to constitute a type of assembly in and of itself. Normally, the assembly refers issues to a committee in order to investigate them more thoroughly than the assembly could do on its own. Committees can have several purposes, and the types of work they do vary based on the organization and its needs. A member of a legislature may be assigned to a committee, which grants them the right to serve on that committee. Committees can be used to formally bring together people with relevant expertise from various parts of an organization who would not otherwise be able to collaborate.
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Thomas and emily are discussing the affect of ai on future employment. Emily correctly points out that _____.
Thomas and Emily are debating the impact of artificial intelligence on future jobs. Emily accurately points out that the introduction of new technology has always resulted in more employment creation than job loss.
What effect does the introduction of new technologies have?New digital technologies are increasingly permeating the economy. As a result of this digitization, machines are increasingly capable of performing tasks that were previously only performed by humans.
Manufacturing processes and organizations are evolving, and services, new products, and business models are emerging. The introduction of new technologies has consistently resulted in more job creation than job loss.
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Kayla is a busy entrepreneur who is running a rapidly growing startup. Kayla intends to use social media for recruiting several new employees. What key managerial takeaway would you give to kayla?.
When hiring a web designer, Kayla should check Dribbble.
Web designers plan, create, and code internet websites and internet pages, many of which integrate textual content with sounds, snapshots, portraits, and video clips. A web clothier is chargeable for developing the design and format of a website or web pages. It and can mean working on a cutting-edge website or updating an already current web page.
On average, an internet fashion designer within the U.S. Makes around $50,000 – $55,000 in step with yr. The common hourly fee for an internet clothier is around $23-25 in line with the hour. However, this can depend on various factors, inclusive of revel in the level of understanding, niche, and call for.
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suppose that us interest rates are 4 percent more than rates in the eu, would you expect the dollar to appreciate or depreciate against the eruro
You anticipate the dollar to strengthen or weaken against the euro if US interest rates were 4% higher than those in the EU. It is anticipated that the dollar will increase by 4%.
In comparison to the currencies of other significant economies, the dollar has been strengthening. The US economy is stronger than the economies of many other nations, and the currency is strong because the Federal Reserve keeps rising interest rates.
The United States dollar has dramatically strengthened as a result of the Federal Reserve raising interest rates to combat excessive inflation. At a time when the American economy has few obvious bright spots, the value of the dollar is rising.
London Fitch Ratings, October 21, 2022 The US dollar has reached historically high levels versus a number of the Fitch20 currencies as a result of the Federal Reserve's aggressive interest rate policy.
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jim is an employee for abc, inc. jim's employment contract specifically authorizes him to purchase components up to a purchase price of $100,000. jim buys a water pump for his employer for $55,000. what best describes jim's authority?
Express authority. The authority that an employee has in writing in the contract with the employer that the agent represents is known as express authority.
Inside the fields of sociology and political technology, authority is the valid strength of a person or organization over different human beings.[1] In a civil kingdom, authority is practiced in ways any such judicial department or a government branch of the presidency. In the exercise of governance, the authority and electricity of the phrases are erroneous synonyms. The term authority identifies the political legitimacy, which presents and justifies the ruler's right to workout the power of the presidency; and the time period power identifies the potential to accomplish an authorized intention, either by using compliance or by obedience; therefore, authority is the power to make selections and the legitimacy to make such legal selections and order their execution.
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What key questions should an entrepreneur consider when developing their revenue model? select all that apply.
Analyzing your company model's rivals provides useful information that enhances tactical and strategic decisions.
What is a good illustration of a strategy and tactic?Tactics are the exact actions or measures you take to carry out your plan. For instance, a country's strategy during a fight might be to sway the enemy's civilian population. To do this, they might use tactics like radio broadcasts or hospital development. Strategic planning defines the long-term, broad goals that an organization or individual wants to achieve. Tactical planning outlines the immediate tasks and actions that must be completed in order to achieve the goals indicated in the strategic plan. Strategic planning specifies your target and the means of transportation, whereas tactical planning details the specific steps you will take along the way.
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when taking gender into account, data about racial inequality in the labor market shows that the human capital advantage of work experience is
When taking gender into account, data about racial inequality in the labor market shows that the human capital advantage of work experience is a smaller percentage for black women than for white and Hispanic women.
Those times when the overall unemployment rate is lower than the non-cyclical rate, as well as when it is higher than the non-cyclical rate (a positive gap). We calculate, using this paradigm, the degree to which, since 1980, the black and Hispanic unemployment disparities have been influenced by the general labor market situation and business cycles.
Women of color, specifically Black and Hispanic women, have experienced some of the most significant drops in labor force participation and steepest increases in unemployment since the pandemic started. High unemployment rates tend to draw attention and are perhaps simpler to understand. Still, a significant decline in the number of women working or looking for work can be more pernicious over time.
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what is the marginal revenue received from the 11th unit? $ what is the marginal cost of producing the 11th unit? $ what price does this firm charge for each hard drive? $ per unit how many units should this firm produce to maximize profits? units when profit maximizing, what is this firm's profit? $
1) The marginal revenue for the eleventh unit is $100.
2) The marginal cost of production for the eleventh unit is $38.
3) For each hard drive, the company costs $100.
4) In order to boost sales, the corporation has to produce 14 units.
5) The company makes a profit of $1,000.
The marginal cost, it should be noted, is the variation in the total cost or variable cost of production with each additional unit produced. On the other hand, the marginal revenue is the variation in total income for each additional unit sold. The questions are answered based on the following table, which shows the calculated marginal cost and marginal revenue:
Quantity Fixed Variable Marginal Total Marginal
Cost Cost Cost Revenue Revenue
10 100 36 1000
11 100 74 38 1100 100
12 100 145 71 1200 100
13 100 202 57 1300 100
14 100 300 98 1400 100
15 100 435 135 1500 100
16 100 588 153 1600 100
17 100 774 186 1700 100
1. The 11th unit's marginal revenue is $100.
2. The 11th unit's marginal cost of production is $38.
3. Because the firm operates in a market with perfect competition, it is unable to set its own price and is forced to sell at $100, which is the same as the marginal revenue.
4. The business should decide to produce when marginal costs and revenues are equal. Since they are so close together at 14, the company needs to generate 14 units in order to increase revenues.
5. Profit = Total revenue- Total cost
Profit = Total revenue - (fixed cost + variable cost)
Profit = 1400 - (100 + 300)
Profit = 1400 - 400
Therefore, the firm's profit = $1,000
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suppose a starbucks tall latte costs $4.00 in the united states and 2.50 euros in the euro area. also, suppose a mcdonald's big mac costs $4.50 in the united states and 3.60 euros in the euro area. if the nominal exchange rate is 0.80 euros per dollar, which goods have prices that are consistent with purchasing-power parity? a. both the tall latte and the big mac b. neither the big mac nor the tall latte c. the big mac but not the tall latte d. the tall latte but not the big mac
The nominal trade fee tells how plenty overseas foreign money may be exchanged for a unit of home foreign money.
The required details for nominal exchange rate in given paragraph
1. b. the Big Mac however now no longer the tall latte.
($1 = 0.eighty euro
So, Price of tall latte in euros have to be 4*0.8 = 3.2 euros which does now no longer identical 2.five euros.
Price of huge mac in euros have to be (4.five)*0.8 = 3.6 euros equals real fee of 3.6 euros.)
2. a. most effective the nominal trade fee depreciates.
(As US reports inflation, nominal trade fee will depreciate however actual trade fee will now no longer change.)
The nominal trade fee is the quantity of home foreign money had to buy overseas foreign money. In economics, the NEER is a trademark of a country's worldwide competitiveness in phrases of the overseas trade (forex) market.
Exchange fees are decided through factors, such as hobby fees, confidence, the contemporary account on stability of payments, monetary boom and relative inflation fees.
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