The following statements is correct : The market for capital is like the market for labor because the rental price of capital is affected by the marginal product of capital, and the price of labor is affected by the marginal product of labor.
The marginal product of a enterprise is the additional output created because of extra input placed into the business enterprise. it's also known as marginal physical product, or MPP. In practical phrases, this could suggest the extra donuts produced at a donut store when they rent an extra worker.
In economics and specially neoclassical economics, the marginal product or marginal physical productiveness of an input is the trade in output resulting from employing one extra unit of a selected input, assuming that the portions of other inputs are kept regular.
The marginal manufactured from an input, say labour, is described as the greater output that results from adding one unit of the input to the present combination of effective factors.
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which of the following statements explains how price and quantity influence the law of demand
In the law of demand, the statement that explains how price and quantity influence each other is the quantity demanded by consumers decreases as prices rise and then increases as prices fall. Hence, the correct option is (A).
What is the Law of Demand?The law of demand is one of the fundamental principles in economics which describes how the amount of demand for a good or service is affected by the price of that item. As consumers, we basically want the price of an item or service to be as cheap as possible so we don't have to sacrifice a lot of money to meet our needs. Therefore, the quantity of goods or services that consumers want to buy will increase when the price of these goods falls.
The question is incomplete, but most probably your question was:
In the law of demand, the statement that explains how price and quantity influence each other is
A. The quantity demanded by consumers decreases as prices rise and then increases as prices fall
B. The quantity demanded by consumers increases as prices rise and then decreases as prices fall.
C. The quantity demanded by consumers is not affected by the increases or decreases in price.
Hence, the correct option is (A).
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design an academic goal
An academic goal would be to graduate with a Magna c-u-m laude at college.
What are academic goals ?Academic aspirations are aspirations that relate to furthering your education. They include your courses, grades, and extracurricular activities in addition to the knowledge you learn and the assignments you accomplish as a student.
Being able to pursue your passions and interests while getting ready for the future is a wonderful academic goal for college. You'll improve your grades, become ready for the job market after graduation, and find your professional path if you set realistic goals.
Therefore, setting the objective of earning at least a Magna C-u-m laude degree is an academic goal.
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T/F. if firms costs of production fall while the demand for their product grows, you can be sure the equilibrium price for the product will fall.
If firm's costs of production fall while the demand for their product grows, you can be sure the equilibrium price for the product will fall.
This statement is True.
In economics, economic equilibrium is a situation in which economic forces such as demand and supply are in balance and the values of economic variables do not change without external influences.
Equilibrium price, also called market clearing price, is the consumer cost attributable to a product or service for which demand and supply are equal or nearly equal. Manufacturers or sellers can sell units they want to move, and customers have access to units they want to buy.
At equilibrium prices, the supply of goods matches the demand. When a major index goes through a period of correction or flattening, the forces of demand and supply are relatively equal and the market is said to be in equilibrium.
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consumer products such as toothpaste and soft drinks undergo extensive adaptation to suit local preferences. True or False
Consumer goods like toothpaste and carbonated beverages go through a thorough customization process. Market consumption capacity is typically ascertained through estimations of energy consumption while evaluating the commercial viability of advanced markets. This claim is untrue.
Examples of products that are revenue include food and utilities. To meet local demands,
Internet, corporate and agency reports, research publications, trade associations, media outlets, bookstores, digital information systems, opponent data, private sales or customer data, and website or app analytics are among the most popular secondary market research techniques.
In primary data research, which of the ones that follow is an example of an external data point?
(1) Government (federal, state, and local); (2) consumer groups; (3) digital enterprises are the primary sources of external secondary sources. (4) International and national organizations. Agronomic statistics.
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Suppose a country has real GDP of $10,000 at the beginning of the year 2005. Each year the economy grows by 5 percent. By how much will GDP rise by the end of 2007?
A) $500
B) $1,576.25
C) $1,500
D) $1,025
GDP will increase by $1,576.25 by the end of 2007. GDP is significant since it provides data on the size and health of an economy.
What is GDP?
The gross domestic product is the most common measure of an economy's size (GDP). A country's GDP can be computed, as can the GDP of an area (such as Tuscany in Italy or Burgundy in France) or a collection of countries.
Why is the GDP so limited?
The economic is frequently considered to be performing well when the GDP increases. Nevertheless, slow growth is an indication of a struggling economy. Improvement is negligible if GDP declines from one quarter toward the next. This often leads to decreased expenditure, declining incomes, and mass unemployment.
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Compared to contractionary fiscal policies, adopted to counter inflation, tight money policies, adopted by the Federal Reserve will result in:a. less public spending.b. more public spending.c. more economic growth.d. higher interest rates.e. lower interest rates.
Compared to contractionary fiscal policies adopted to counter inflation, tight money policies adopted by the Federal Reserve will result in higher interest rates.
What is the difference between contractionary fiscal policy and expansionary monetary policy?
A declining economy is stimulated by an expansionary monetary policy, and an inflationary economy is slowed by a contractionary monetary policy. The monetary and fiscal policies of a country are frequently in sync. The "Open Market Operations" of the Federal Reserve Bank.
A central bank, such as the Federal Reserve, may adopt a tight, or contractionary, monetary policy in order to tame hot economic growth, restrain expenditure in an economy that is perceived to be expanding too quickly, or lower inflation when it is increasing too quickly.
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News conferences, press tours, and grand openings are examples of ________, a type of tool commonly used by public relations professionals.
A) public service activities
B) special events
C) social networking
D) development
E) investor relations
News conferences, press tours, and grand openings are examples of special events , a type of tool commonly used by public relations professionals.
Public way referring to all of the humans in a rustic or community. The President is making an attempt to drum up public support for his financial software. 4. adjective [ADJECTIVE noun] Public way regarding the government or nation, or matters that are accomplished for the human beings by way of the nation. the numerous corporations in a society that can have an effect on or convey stress to undergo upon a company's choice making and feature an effect upon its advertising performance; those groups consist of the economic public, media public, authorities public, citizen motion public, nearby public, wellknown public and worldwide public.
The call "public" originates with the Latin publicus (additionally poplicus), from populus, to the English phrase 'population', and in trendy denotes some mass population ("the human beings") in affiliation with some remember of common interest.
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onshore bank has $22 million in assets, with risk-weighted assets of $12 million. core equity tier 1 (cet1) capital is $650,000, additional tier i capital is $90,000, and tier ii capital is $404,000. the current value of the cet1 ratio is 5.42 percent, the tier i ratio is 6.17 percent, and the total capital ratio is 9.53 percent. calculate the new value of cet1, tier i, and total capital ratios for the following transactions. the bank repurchases $102,000 of common stock with cash. the bank issues $2.2 million of cds and uses the proceeds to issue category 1 mortgage loans with a loan-to-value ratio of 80 percent. the bank receives $502,000 in deposits and invests them in t-bills. the bank issues $802,000 in common stock and lends it to help finance a new shopping mall. the developer has an a credit rating. the bank issues $1.2 million in nonqualifying perpetual preferred stock and purchases general obligation municipal bonds. homeowners pay back $4.2 million of mortgages with loan-to-value ratios of 40 percent and the bank uses the proceeds to build new atms.
A bank is a type of financial institution that lends money to the general public and takes deposits from the general public. Because they channel the money, banks are essential to the development of the nation.
What's a bank?A bank is a licensed financial institution that can take deposits and lend money. Additionally, banks may offer financial services like safe deposit boxes, currency exchange, and wealth management. Banks fall into two categories: business/retail banks and venture banks.
b. New C E T 1 = C E T 1 Risk adjusted assets + Issue of CD 70 % = $ 1, 250, 000 $ 27, 000, 000 + $ 3, 700, 000 70 % = 0.0422 = 4.22 %
Tier 1 = C E T 1 + Additional tier I capital Risk adjusted assets + Issue of CD 70 % = $ 1, 250, 000 $ 27, 000, 000 + $ 3, 700 As a result, the ratios will be:
d. New C E T 1 = C E T 1 + Issue of Shares Risk adjusted assets + Issue of Shares 70% = $ 1 250 000 + $ 817 000 $ 27 000 000 + $ 817 000 80% = 0.0747 = 7.47 % Tier 1 = C E T 1 + Issue of Shares + Additional
Tier I Capital Risk adjusted assets + Issue of CD 70% = $ 1 250 000 + $ 817 000 + $ 480 000 $ 27 000 000 + $ 817 000
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If the labor force is 160 million and the number of employed is 125 million, the number of unemployed equals _____ million workers.
If there are 125 million employed people and 160 million people in the labor force, then 35 million people are unemployed.
(160 - 125 = 35; the labor force is made up of both employed and unemployed individuals)
Even when the labor market is getting worse, the unemployment rate decreases when discouraged unemployed workers leave the workforce. Frictional unemployment is the result of job seekers waiting for positions to open up.
The U.S. Bureau of Labor Statistics compiles data on the labor force.
oscillations in the economy's short-term performance brought on by shifts in the levels of economic activity can differ in severity and length.
(Workers who are looking for jobs and waiting to hear back experience frictional unemployment.)
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in the context of the root causes of managerial incompetence and derailment, which of the following occurs when taxing situational or follower events permanently disrupt a person's ability to build teams or get results? question 9 options: episodic managerial incompetence managerial derailment moronization of management chronic managerial incompetence
The correct answer is (d) chronic managerial incompetence
What is peter principle?Employees are promoted based on their success in previous jobs until they reach a level at which they are no longer competent, according to the Peter principle.
It a concept in management that observes that people in a hierarchy tend to rise to "a level of respective incompetence."
The Peter Principle, written by Laurence Peter and Raymond Hull in 1969 and published by William Morrow & Company, explains the idea.
Peter and Hull’s book it quickly gained popularity because readers recognized that it was making a serious point about the problems with how people get promoted within hierarchical corporations.
Since then, the Peter Principle has generated a lot of discussion and study.
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Which of the following cash flows are classified as operating activities? (select all that apply).
a) cash from revenue earned in daily transactions
b) cash for reacquiring common stock into treasury
c) cash flow causing decrease in current liabilities
d) cash for purchasing a warehouse to be used in the business
e) payment of dividends
f) cash from sale of investments
a) cash from revenue earned in daily transactions
c) cash flow causing decrease in current liabilities
Cash from revenue earned in daily transactions and cash flow causing decrease in current liabilities are classified as operating activities. Hence options (a) and (c) are the answers.
What are operating activities in the cash flow statement?The amount of money a business makes from its continuous, regular business operations, such as producing and selling products or offering clients a service, is known as cash flow from operating activities. As they are closely related to the company's fundamental business activities, such as sales, distribution, and production, operating activities produce the majority of the cash flows for the business.
Operating activities relate to the ongoing marketing initiatives a business undertakes to promote its products and services. Non-operating activities are one-time events that may have an effect on not just the company's regular, core activity but also its sales, expenses, or cash flow.
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____________ are offered to bank customers who desire to use debit cards and write checks against their account. a. Time deposit accounts b. CDs c. Demand deposit accounts d. Money market deposit accounts
The Correct option is C. Demand deposit accounts are offered to bank customers who desire to use debit cards and write checks against their accounts.
An account is a record in an accounting machine that tracks the financial activities of a particular asset, legal responsibility, equity, sales, or fee. those records boom and decrease as the enterprise occasions arise in the course of the accounting length. A bank account serves capabilities like, It makes cash deposition and withdrawal smooth, for some debts additionally provides interest on the total amount of cash inside the reserve like in a financial savings account, affords unique transactions summary, and further acts as a locker in which our money is secure.
This golden accounting rule is relevant to nominal debts. It considers an organization's capital as a liability and hence has a credit score stability. As an end result, the capital will grow whilst profits and earnings get credited. Inversely, this capital gets decreased when losses and fees are debited from it.
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which of the following is not a way health insurance helps to save you money
Most health insurance policies set away a portion of your premium in an escrow account so you will have money on hand in case of an unexpected medical need.
Health insurance covers the expenditures of both small and significant medical problems, including operations and care for serious illnesses and incapacitating disorders. In exchange for a monthly premium payment, an insurance company offers to cover all or a portion of your medical expenditures under a health insurance policy.The risk associated with requiring medical treatment is entirely or partially covered by a type of insurance known as health insurance or medical insurance. Similar to other types of insurance, the risk is shared among a number of parties.By evaluating the entire risk of health risk and healthcare system expenditures throughout the risk pool, an insurer can establish a regular financial framework, such as a monthly premium or payroll tax, to give the money to pay for the medical benefits offered in the insurance agreement.Thus this is the meaning of Health insurance.
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farmer ted sells wheat in a perfectly competitive market. the market price for a bushel of wheat is $9. ted has 270 bushels of wheat to sell. if his total variable cost is $2,000 and his total fixed cost is $500, then ted
Then Ted is minimizing his losses.
What do accounting losses mean?A loss in financial accounting is described as a decline in net income that occurs outside of regular business activities. Losses can be caused by a variety of actions, including the selling of an asset for less than its carrying value, asset write-downs, or litigation losses.
What do business losses entail?A loss or separation from someone or something results in harm or difficulty. Her premature death caused a significant deal of harm to the neighborhood. a situation in which losing someone or something caused a profound sense of loss.
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when analyzing a spreadsheet model with random/uncertain inputs, which of the following is the weaknesses of performing manual what-if analysis? group of answer choices biased values for your outcome of interest based on the scenarios you performed it is hard to do many what-if scenarios all of the answers are correct it does not provide distribution information for your output of interest
biased numbers for your outcome dependent on the scenarios you ran, no distribution statistics for your output, and it's challenging to run multiple what-if scenarios.
performance testing, what is a scenario?Any functionality that may be tested is considered a test scenario. Other names for it include Test Condition and Test Possibility. In order to identify the use cases and real-world scenarios for the Application Under Test, a tester must put themselves in the end user's position.
With examples, define test case.In a test scenario, an objective that a user may experience when using the program is described. Use this sentence as an example: "Test that user may correctly log out only by closing the software." A test scenario must normally be examined in a variety of methods to ensure that it has been adequately covered.
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when you purchase school supplies at the book store using cash, you are using money as a medium of exchange. True or False?
The correct answer to the given statement is TRUE. when you purchase school supplies at the book store using cash, you are using money as a medium of exchange.
A medium of exchange is a device or system that acts as a go-between and makes it easier for parties to exchange items for sale, purchase, or trade. It takes the representation of a standard of value for a system to work as a medium of exchange. All parties must also agree to that standard. The means of exchange in contemporary economies is money.
As a Means of Exchange, Money
Anyone with money has the ability to compete on an equal footing in the market. Customers are essentially placing a bid in response to an asking price when they use money to buy an item or a service. The market is made more predictable and orderly by this interaction. When prices are predictable and steady, producers know what to produce and how much to charge, and consumers can dependably arrange their budgets.
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The percent of the population living under the official federal poverty line in the United States was approximately _____ percent in 2014.
The percent of the population living under the official federal poverty line in the United States was approximately 15 percent in 2014.
Federal poverty line:An income measure issued annually by the Department of Health and Human Services (HHS). The Federal Poverty Line is used to determine eligibility for certain programs and benefits, such as Marketplace health insurance and savings on Medicaid and CHIP coverage.
How is the poverty line measured?This type of poverty measure includes the consideration that household food expenditures are a percentage of total expenditures. The poverty line is determined by multiplying the value of basic food items by the reciprocal of the percentage of total expenditure that food expenditure represents
The 2021 household poverty line (below) is $33,148. table. poverty threshold. Poverty threshold by number of children under the age of 18 in relation to family size Source: Current Population Survey (CPS)
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the______ begins at the top of the organization with the board of directors selecting a president or ceo.
The organizational chart begins at the top of the organization with the board of directors selecting a president or CEO.
Definition: The structure of a corporation is shown graphically in an organizational chart. It draws attention to the structure of the organization's teams and divisions, the reporting structures used throughout, and the roles and duties of each member.
There are seven types of Organizational chart
1. Hierarchical org structure.
2. Functional org structure.
3. Horizontal or flat org structure.
4. Divisional org structure.
5. Matrix org structure.
6.Team-based org structure.
7. Network org structure.
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according to the capital asset pricing model, a fairly priced security will plot . choice 1 of 4:above the security market line choice 2 of 4:along the security market line choice 3 of 4:below the security market line choice 4 of 4:at no relation to the security market line
Option(2) is correct. along the security market line choice. This is according to the capital asset pricing model(CAPM).
Capital asset pricing model describe the relationship between risk or the general perils of investing, and expected return for assets, particularly stocks. Under the CAPM model, a security plotted above the security market line is regarded as expensive, while a security plotted below the security market line is regarded as cheap or undervalued. However, on the other hand, if a security is plotted along the security market line then the same is considered as fairly valued. It is a finance model that establishes a linear relationship between the required return on an investment and risk. This describes the capital asset pricing model.
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TRUE/FALSE the poverty rate is less precise than the unemployment rate, since defining how much income puts one in or above poverty is subjective.
True, Since determining how much income places a person in or above poverty is a personal decision, the poverty rate is much less precise than that of the unemployment rate.
What is the unemployment rate?
The most popular measure for assessing the state of the labour market is the unemployment rate. Economic experts refer to the supply of labour (from households) and demand for labour as the labour market (by businesses and other organisations). The unemployment rate is a crucial consideration when considering monetary policy since it can offer information about how the economy is doing more generally.
When a person is ready and able to work but does not have a paid job, they are considered to be unemployed. The proportion of unemployed people in the labor force is known as the unemployment rate. As a result, figuring out who is employed is necessary for calculating the unemployment rate. People who are either employed or jobless make up the labour force. Making practical decisions, such as how much paid work someone must perform in order to be deemed to have a job, as well as actually counting how many people have employment or not is required to determine who is employed or jobless.
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of the following, which is not a primary reason why countries are now seeking to pursue regional integration at the expense of multilateral trade liberalization?
Of the listed options the option that is not a primary reason why countries are now seeking to pursue regional integration at the expense of multilateral trade liberalization is that NAFTA is pushing the EU to pursue regional integration.
What is Regional integration ?Regional integration can be described as the term that exlplains the way a countries to overcome these costly divisions integrating goods, services and factors' market so that it can facilitate the flow of trade, capital, energy, people and ideas.
It should be noted that the Regional integration is been promoted as aresult of common physical and institutional infrastructure, however The North American Free Trade Agreement (NAFTA), can be seen as the one that was enacted in 1994 whioch help to form free trade zone for Mexico as well as , Canada, and the United States.
Therefore, option A is correct.
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missing options:
A. NAFTA is pushing the EU to pursue regional integration
B.
(i) any bonus or other incentive-based or equity-based compensation received, and (ii) any profits realized from the sale of company____
The sale of company a financial compensation that is above and beyond the normal payment expectations of its recipient.
What kind of payment is a bonus?
the bonus, any additional incentive-based or equity-based pay received, and the profits from the sale of the company, respectively.
A bonus is a financial payment that exceeds the recipient's typical payment expectations. A corporation may give bonuses as an incentive or to recognize excellent performance. Signing, referral, and retention incentives are examples of incentive bonuses that a business could offer to employees.
Employers may decide to provide incentive pay as a form of compensation in order to encourage good performance. To put it another way, incentive pay differs from base pay in that it is intended to motivate rather than serve as a requirement for payment by the company or a bonus for the employee.
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what is the number of unit to be produced if the firm desires to make a profit of birr 10000 assuming the fixed cost, available cost per unit and selling price per unit are birr 50000, birr 10 and birr 20 respectively
Using break-even analysis, the number of units to be produced if the firm desires to make a profit of Birr 10,000 is 6,000 units.
What is break-even?Break-even refers to a sales point when the total revenue equals the total costs (fixed and variable).
At the break-even point, the entity earns no profits and incurs no losses.
Above the break-even point, profits are earned. Below it, losses are incurred.
Fixed cost = Birr 50,000
Target profit = Birr 10,000
Selling price per unit = Birr 20
Variable cost per unit = Birr 10
Contribution margin per unit = Birr 10 (20 - 10)
Break-even point with target profit = (Fixed cost + Target profit) ÷ Contribution margin per unit
= (Birr 50,000 + 10,000) ÷ Birr 10
= Birr 60,000 ÷ Birr 10
= 6,000 units
Thus, for the firm to make a profit of Birr 10,000, it must sell 6,000 units.
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health insurance offered as an employee benefit often has fixed benefits because the employer has no say in the negotiations. True or False ?
health insurance offered as an employee benefit often has fixed benefits because the employer has no say in the negotiations.
This is a False statement
How does Health insurance work?
It might be challenging to understand health insurance in the US. It is a market with numerous local and national rivals, whose availability, cost, and coverage differ from state to state and even by county.
A little over half of all Americans have access to health insurance as a perk of employment, with some of the costs covered by the employer.
With few exclusions for S corporation employees, the benefits are tax-free for the employee and the expense to the business is tax deductible for the payer.
Self-employed individuals, independent contractors, and gig workers may purchase insurance on their own. The Affordable Care Act of 2010, sometimes known as Obamacare, required the development of HealthCare.gov, a national database that enables people to look for basic plans from private insurers that are accessible where they reside. Taxpayers with lower incomes receive subsidies to help offset the expenses of the insurance.
Some states, though not all, have developed customised versions of HealthCare.gov for their citizens.
Medicare offers federally-funded care to retirees, and Medicaid offers Medicaid coverage subsidies to low-income families.
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54) Which statement is true concerning the economic problem of premature death in the United States? I. The economic impact of premature death of the breadwinner varies for different types of families. II. Increased life expectancy has increased the economic problem of premature death over time. A) I only B) II only C) both I and II D) neither I nor II answer a
The economic problem of problem of premature death in the U.S. has declined substantially over time.
Premature death falls under what kind of risk?Death that takes place earlier than the typical age of passing away in a population. The typical death age in the United States is around 75 years old. Leading causes of early death in the US include cigarette smoking and exposure to secondhand smoke.
What causes the majority of premature deaths?Obesity, smoking, and exposure to environmental dangers like poor air quality are all factors that increase the risk of dying young. Heart disease risk factors include high blood pressure, high cholesterol, Type 2 diabetes, and inactivity also increase the likelihood of a premature death.
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During a recessionary period, it is possible the amount of space that is absorbed by the market will actually be negative. True or False
During a recessionary period, it is possible the amount of space that is absorbed by the market will actually be negative.
the given statement is true.
Describe the recessionary period?
Although economists and historians disagree about some of the 19th-century recessions, there have been as many as 48 recessions in the United States since the Articles of Confederation. According to economists and historians, "the cyclical volatility of GDP and unemployment was greater before the Great Depression than it has been since the end of World War II." Cycles in the nation's agricultural production, industrial production, consumption, and business activity. Recessions in the United States are progressively having an impact on economies throughout the world, especially as economies grow more linked.
A recession, according to the NBER, is "a considerable fall in economic activity across the economy, lasting more than two quarters, or six months, and usually manifested in real gross domestic product (GDP), real income, employment, industrial production, and wholesale-retail sales."
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during the construction of a highway bypass, earthmoving equipment costing $40,000 was purchased for use in transporting fill from the borrow pit. at the end of the 4-year project, the equipment will be sold for $20,000. the schedule for moving fill calls for a total of 100,000 cubic feet during the project. in the first year, 40% of the total fill is required; in the second year, 30%; in the third year, 25%; and in the final year, the remaining 5%. determine the unitsof-production depreciation schedule for the equipment
The depreciation value of the machine is 20,000.
What is a depreciation meaning?Depreciation is a reduction in the fixed assets' book value.Depreciation is the process by which assets lose value as a result of ageing and obsolescence. Depreciation continues throughout an asset's useful life.How do I calculate the depreciation value?
The given data is,
Cost of earthmoving equipment=$40,000
The equipment will be sold = $20,000
The depreciation value of the machine is $40,000- $20,000= 20,000
The first year it is 40% its units utility, means the depreciation = 20,000*40%= $8000,
The second year =20,000*30%
=$6000
The third year =20,000*25%
=$5000
the fourth year=20,000*5%
= $1000.
The depreciation value of the machine is 20,000.
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The most widely used method of valuing a company is the _____, as it provides the potential investor with the best estimate of the probable return on investment.
The most widely used method of valuing a company is the earnings approach, as it provides the potential investor with the best estimate of the probable return on investment.
The profits technique is one of three fundamental groups of methodologies, known as valuation procedures, used by appraisers. it's far especially not unusual in industrial actual estate appraisal and in enterprise appraisal. The fundamental math is just like the strategies used for monetary valuation, securities evaluation, or bond pricing. but, there are a few widespread and essential adjustments while utilized in real estate or business valuation.
Even as there are quite some applicable strategies below the rubric of the income technique, most of those strategies fall into three categories: direct capitalization, discounted coins float, and gross income multiplier.
this is honestly the quotient of dividing the annual internetworking income (NOI) by way of the right capitalization rate (CAP fee). For earnings-generating actual estate, the NOI is the internet profits of the real estate (however now not the enterprise hobby) plus any interesting price and non-coins gadgets (e.g. -- depreciation) minus a reserve for substitute.
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the oceanic pacific fleet has just decided to use a pole-and-line method of fishing instead of gill netting to catch tuna. the latter method involves the use of miles of nets strung out across the ocean and therefore entraps other sea creatures besides tuna (e.g., porpoises, sea turtles). concern for endangered species was one reason for this decision, but perhaps more important was the fact that the major tuna canneries in the united states will no longer accept tuna caught by gill netting.
Ocean Pacific decided to conduct a series of experiments to determine the amount of tuna that could be caught with different crew sizes. The results of these experiments follow.
Number of Fishermen
Daily Tuna Catch (lb)
0
0
1
50
2
110
3
300
4
450
5
590
6
665
7
700
8
725
9
710
At what point (what number of fishermen) does diminishing returns occur?
Refer to the previous question. Indicate the number of fishermen at the points that delineate the three stages of production. Enter your answers as whole numbers.
Refer to question 11. Suppose the market price of tuna is $3.50/pound. How many fishermen should the company use if the daily wage rate is $100?
Refer to question 11. a glut in the market for tuna causes the price to fall to $2.75/pound. At this new price, how many fishermen should the company now use if the daily wage rate remains at $100?
Refer to question 11. Suppose the price of tuna rises to $5.00/pound. At this new price, how many fishermen should the company now use if the da
The diminishing returns occur when 4 fishermen are employed.
An experiment is a procedure applied to support or refute a hypothesis, or confirm the efficaciousness or chance of one thing antecedently untried. Experiments give insight into cause-and-effect by demonstrating what outcome happens once a specific issue is manipulated.
The three stages of production are primary, secondary and tertiary. Production is that the method of mixing numerous inputs, each material and immaterial so as to make output. Ideally this output are going to be an honest or service that has price and contributes to the utility of people. Basically, it simply suggests that a producing method or the top results of a producing method.
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Which of the following is a basic requirement that must be met in order to contribute to a Roth IRA? O All of these answer choices are correct. O Your adjusted gross income must be less than a specified amount. O You must have earned income. You may only contribute up to a specified annual limit.
The correct answer to the basic requirements that must be met in order to contribute to a Roth IRA is option A) All of these answer choices are correct.
The basic requirements that must be met in order to contribute to a Roth IRA are Your adjusted gross income must be less than a specified amount. You must have earned income. You may only contribute up to a specified annual limit.
An account used to save for retirement is known as an individual retirement account (IRA). A Roth IRA is a particular kind of tax-advantaged individual retirement account that allows after-tax contributions. The main advantage of a Roth IRA is that, if the account has been open for at least five years, your contributions and the returns on those contributions may grow tax-free and may be withdrawn tax-free after the age of 59 and half. In other words, you pay taxes on the money you deposit into a Roth IRA, and all withdrawals you make after that are tax-free.
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