A) Due to workers getting sick, the long run equilibrium will have lower output and higher price level. As a policymaker, monetary and fiscal policy will be introduced int the economy. B) Due to workers getting sick and consumer fear, the long run equilibrium will have lower output and lower price level. As a policymaker, fiscal stimulus and income support should be provided.
A) Graph 2á: Disruption due to Workers Getting Sick
In the baseline long run steady state equilibrium, output is 22 trillion dollars and the price level is 100.
If COVID-19 only affects workers by making them sick, the disruption can be shown in Graph 2á.
Here's a description of the graph and the market adjustment process:
Graph 2á:
Output (Y) is on the vertical axis.
Price level (P) is on the horizontal axis.
The long run aggregate supply (LRAS) curve represents the baseline long run steady state equilibrium at output level 22 trillion dollars and a price level of 100.
The aggregate demand (AD) curve intersects the LRAS curve at the equilibrium point E, representing the baseline equilibrium.
Disruption due to workers getting sick:
With workers falling sick, labor supply decreases, leading to a decrease in the economy's productive capacityThis shift in the aggregate supply (AS) curve causes a leftward shift from the LRAS curve to a new short-run aggregate supply (SRAS) curveThe new equilibrium point, let's call it E', occurs at a lower output level and potentially higher price level.Output decreases, and the price level may increase due to supply constraints and reduced productivity.As a policymaker, you would want the market adjustment process to help the economy return to the original equilibrium. In this case, you may consider implementing expansionary policies to stimulate the economy and restore output and employment levels. For example:
Monetary policy: Lowering interest rates to encourage borrowing and investment.Fiscal policy: Increasing government spending or reducing taxes to boost aggregate demand.These policies aim to shift the AD curve to the right, bringing the economy back to its long-run equilibrium by increasing output and reducing the price level.
B) Graph 2B: Disruption due to Workers Getting Sick and Consumers' Fear
In the baseline long run steady state equilibrium, output is 22 trillion dollars, and the price level is 100.
If COVID-19 affects both workers by making them sick and consumers by instilling fear that reduces their willingness to go out, the disruption can be shown in Graph 2B. Here's an of the graph and the market adjustment process:
Graph 2B:
Output (Y) is on the vertical axis.
Price level (P) is on the horizontal axis.
The long run aggregate supply (LRAS) curve represents the baseline long run steady state equilibrium at output level 22 trillion dollars and a price level of 100The aggregate demand (AD) curve intersects the LRAS curve at the equilibrium point E, representing the baseline equilibrium.Disruption due to workers getting sick and consumers' fear:
With workers falling sick and consumers being fearful, both labor supply and consumer spending decrease simultaneously.This leads to a significant decrease in the economy's productive capacity and aggregate demand.The AS curve shifts leftward from the LRAS curve to a new short-run aggregate supply (SRAS) curve, while the AD curve shifts leftward as well.The new equilibrium point, let's call it E', occurs at a lower output level and potentially lower price level compared to the baseline equilibrium.As a policymaker, you would want the market adjustment process to help the economy return to the original equilibrium. In this case, you may consider implementing expansionary policies to stimulate both supply and demand. Some possible policy measures include:
Targeted fiscal stimulus: Direct government spending in critical sectors, such as healthcare and infrastructure, to boost demand and create jobs.Income support for affected individuals: Providing financial assistance to workers who are sick or have lost their jobs, alleviating their financial concerns and increasing consumer.Learn more about aggregate supply curve here: https://brainly.com/question/15100476
#SPJ11
which contractile result of rate coding will produce the most force?
The contractile result of rate coding that produces the most force is known as tetanus, which occurs when a muscle fiber is stimulated at a high frequency, leading to sustained muscle contraction.
Rate coding refers to the frequency at which motor neurons send electrical signals to muscle fibers, thereby controlling muscle contractions. When a motor neuron sends a single action potential to a muscle fiber, it results in a twitch, which is a brief and weak contraction. However, when the frequency of action potentials increases, the muscle fiber undergoes a phenomenon called temporal summation.
Temporal summation occurs when subsequent action potentials are delivered before the muscle fiber fully relaxes from the previous contraction. This leads to a summation development of muscle twitches, resulting in a stronger and more sustained contraction. As the frequency of action potentials increases further, the muscle fiber reaches a state of tetanus.
Tetanus is characterized by a continuous and maximal force production. At this point, the muscle fiber is being stimulated at such a high frequency that it cannot fully relax between contractions, resulting in a sustained and powerful contraction. Therefore, the contractile result of rate coding that produces the most force is tetanus.
Learn more about development here
https://brainly.com/question/29756206
#SPJ11
You have been recently hired by the National Works Agency (NWA) to oversee the construction of the May Pen Bypass that will divert the traffic from the city center. The citizens living in the environs of this road construction requested a meeting with your company. You have been asked to address this group.
a. Discuss FOUR economic and FOUR social benefits of this investment. (8 marks)
b. Explain FIVE external costs that these citizens may experience while the construction of the road is in progress. (10 marks)
c. Discuss TWO strategies that could be adapted to address the costs identified in (b) above. (7 marks)
a. Economic benefits of the May Pen Bypass investment are explained.
b. External costs that these citizens may experience while the construction of the road is in progress are explained.
c. Strategies to address the costs identified in (b) is explained.
a. Economic benefits of the May Pen Bypass investment
1. Increased employment opportunities: Road construction projects typically require a large number of laborers, equipment operators, and engineers.
2. Increased investment opportunities: The construction of new roads can bring about the development of commercial, residential, and industrial areas along the route of the new road. This, in turn, can attract additional investments, businesses, and residents.
3. Reduced transportation costs: The new road is expected to reduce the travel time and cost of transportation for businesses and individuals traveling through the area.
4. Increased economic growth: The construction of new roads has been shown to be positively related to increased economic growth in surrounding areas.
Social benefits of the May Pen Bypass investment
1. Improved road safety: By diverting traffic from the city center, the new bypass road will improve road safety in the city center, making it a safer place for pedestrians and motorists alike.
2. Reduced air pollution: The new road is expected to reduce traffic congestion in the city center, which, in turn, should reduce air pollution.
3. Increased accessibility: The new road is expected to improve accessibility for citizens living in the environs of the road construction, making it easier to access schools, hospitals, and other important services.
4. Improved quality of life: The new road is expected to improve the quality of life for citizens living in the environs of the road construction, making it easier to access jobs, services, and other important amenities.
b. External costs that these citizens may experience while the construction of the road is in progress.
1. Noise pollution: The construction of the new road is expected to generate a significant amount of noise pollution, which may affect the quality of life of citizens living in the environs of the road construction.
2. Air pollution: The construction of the new road is expected to generate a significant amount of air pollution, which may affect the health of citizens living in the environs of the road construction.
3. Disruption to local businesses: The construction of the new road is expected to disrupt the normal operations of local businesses, which may result in lost revenues and job losses
.4. Reduced property values: The construction of the new road may result in reduced property values for citizens living in the environs of the road construction.
5. Increased traffic congestion: The construction of the new road may result in increased traffic congestion in the environs of the road construction, which may result in longer travel times for citizens living in the area.
c. Strategies to address the costs identified in (b) above.
1. Noise barriers: The construction of noise barriers can help to reduce the amount of noise pollution that is generated by the construction of the new road.
2. Community engagement: Engaging with the local community can help to minimize the disruption caused by the construction of the new road. This could involve holding regular meetings with local stakeholders, providing regular updates on the progress of the project, and addressing any concerns that are raised by the local community.
Know more about the Economic benefits
https://brainly.com/question/30280812
#SPJ11
On January 1, 2018, South Bend Airlines purchased a used airplane for $36,500,000. South Bend Airlines expects the plane to remain useful for four years (4,000,000 miles) and to have residual value of $4,500,000. The company expects the plane to be flown 1,500,000 miles the first yearRequirements 1. Compute South Bend Airlines's first-year depreciation expense on the plane using the following methods: a. Straight-line b. Units-of-production c. Double-declining-balance 2. Show the airplane's book value at the end of the first year for all three methods
Straight-line method: $28,500,000 is the book value after one year. Units-of-production method: $24,500,000 is the first-year book value. Double-declining-balance method(DDB method.): Calculate book value at the conclusion of the first year.
1. a. Straight-line depreciation:
Depreciation Expense = ($36,500,000 - $4,500,000) / 4 = $8,000,000
b. Units-of-production depreciation:
Rate per Mile = ($36,500,000 - $4,500,000) / 4,000,000 = $8.00 per mile
Depreciation Expense = 1,500,000 miles x $8.00 = $12,000,000
c. Double-declining-balance depreciation:
Depreciation Rate = 2 x (1 / 4) = 0.5 or 50% (assuming straight-line useful life)
Depreciation Expense = Book Value at the Beginning of the Year x Depreciation Rate (specific calculation required)
2. Book value at the end of the first year:
a. Straight-line method: $36,500,000 - $8,000,000 = $28,500,000
b. Units-of-production method: $36,500,000 - $12,000,000 = $24,500,000
c. Double-declining-balance method: Specific calculation required based on accumulated depreciation using the DDB method.
To know more about the DDB method.
https://brainly.com/question/28188015
#SPJ11
Walmart is a large complex organzation it most likely utilize a nat organizational structure effective strategy emplemntation is very imp for cost leader but its is for less importance to defferication True or false?
The given statement that "Walmart is a large complex organization; it most likely utilizes a nat organizational structure. Effective strategy implementation is very important for cost leader but it is of less importance to differentiation" is TRUE.
Walmart is one of the biggest retailers around the world and is a large complex organization. They have a global network of stores, warehouses, suppliers, and logistics to manage, which requires a well-defined and organized structure to carry out their operations successfully.A natural organizational structure is often preferred in large complex organizations such as Walmart. It allows the company to decentralize decision-making, increase the speed of information flow, and improve communication between employees and departments.
This structure also enables the organization to adapt quickly to changes in the market and to customers' needs and preferences.Effective strategy implementation is crucial for a cost leader such as Walmart. It helps them to maintain their position as a cost leader in the market and to keep their prices low. However, differentiation is not of great importance to Walmart as they primarily focus on offering products at low prices. They have adopted a low-cost strategy to attract a large customer base and provide value for money.
Learn more about large complex organzation here:https://brainly.com/question/20595582
#SPJ11
explain the three most important ways in which corporate
governance can influence a firm's risk management
Corporate governance can be defined as the system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers, government, and the community.
Corporate governance provides a framework for attaining a company's objectives, encompasses practically every sphere of management, from action plans and internal controls to performance measurement and corporate disclosure. A company's risk management is influenced by corporate governance in various ways. Here are the three most important ways in which corporate governance can influence a firm's risk management:1.
Effective communication: The board of directors is the ultimate governing authority in a company. The board has a fiduciary responsibility to oversee the company's operations and strategic decision-making. A board that has a clear understanding of the company's risk profile and its impact on the company's strategy is in a better position to oversee risk management effectively.2. Oversight of risk management:
Compensation incentives: Corporate governance can influence a firm's risk management by aligning executive compensation incentives with the company's risk profile.
By ensuring that risks are properly managed, a company can achieve its strategic objectives while safeguarding its reputation and shareholder value.
To know more about strategic decision-making visit
https://brainly.com/question/30899825
#SPJ11
Consider a competitive industry with several firms, all with the same cost function, Clq) = q2/2 + 2 for q> 0 and C(O) = 0. = = The demand curve for this industry is Q = 70 - 4p, where p is the price. The long-run equilibrium number of firms in this industry is...............
The long-run equilibrium number of firms in this industry is indeterminate.
How We Calculated The Long-run Equilibrium Number Of The Firms In The Industry?To find the long-run equilibrium number of firms in this competitive industry, we need to determine the conditions under which firms are earning zero economic profit.
In the long run, firms in a competitive market will enter or exit until economic profits are driven to zero.
In a competitive market, the equilibrium occurs when the market price (p) is equal to the marginal cost (MC) of production. We can determine the market supply function by summing the quantities supplied by each firm at the equilibrium price.
The cost function for each firm in this industry is given by:
C(q) = q[tex]^2/2[/tex] + 2
To find the marginal cost function (MC), we need to find the derivative of the cost function with respect to quantity (q):
MC(q) = dC(q)/dq = q
Now, let's determine the market supply function by summing the quantities supplied by each firm at the equilibrium price. Let n be the number of firms in the industry.
Market supply (Qs) = n x q
Given the demand curve: Q = 70 - 4p, we can express price (p) as a function of quantity (Q) by rearranging the equation:
p = (70 - Q)/4
Setting the market supply equal to market demand:
n x q = Q
Substituting the expression for p:
n x q = 70 - 4p
n x q = 70 - 4((70 - Q)/4)
n x q = 70 - (70 - Q)
n x q = Q
Since q = Q/n, we can rewrite the equation as:
n x (Q/n) = Q
Q = Q
n cancels out, so:
Q = Q
This equation indicates that the equilibrium quantity (Q) in the market is independent of the number of firms (n). Regardless of the number of firms, the market will settle at the same equilibrium quantity.
Learn more about long-run equilibrium
brainly.com/question/13085229
#SPJ11
Using the average cost method, the amount allocated to the ending inventory on June 30 is .....
a. $4,200. b. $2,400. C. $1,794.
d. $1,800. .....................................
On October 1, 2011 uncan Company places a new asset into service, The cost of the asset is $12,000 with an estimated 5-year life and $3,000. salvage value at the end of its useful life.
The amount allocated to the ending inventory on June 30 using the average cost method is $2,400.
What is the amount allocated to the ending inventory on June 30 using the average cost method?The amount allocated to the ending inventory on June 30 using the average cost method is $2,400.
The average cost method is a commonly used inventory valuation method that calculates the cost of goods sold (COGS) and the value of ending inventory by taking the weighted average of the cost of each unit of inventory.
To determine the cost per unit, the total cost of goods available for sale is divided by the total number of units.
In this case, the specific cost information is not provided, but we are given options to choose from.
According to the question, the amount allocated to the ending inventory on June 30 using the average cost method is $2,400.
This implies that based on the average cost per unit, the value of the ending inventory is $2,400.
The average cost method assumes that the cost of inventory is spread evenly across all units, regardless of the actual purchase or production costs.
It provides a simplified approach to inventory valuation and can be useful in scenarios where individual cost information is not readily available or tracking costs for each unit is impractical.
Learn more about average cost method
brainly.com/question/31208830
#SPJ11
Sierra Company produces its product at a total cost of $90 per unit. Of this amount, $30 per unit is selling and administrative costs. The total variable cost is $72 per unit, and the desired proht is
In this case, Sierra Company would have a negative desired profit of $12 per unit. This means that they need to find ways to reduce costs or increase the price of their product to achieve a positive profit.
Hi! I'm happy to help with your question. Sierra Company produces its product at a total cost of $90 per unit, which includes $30 per unit for selling and administrative costs. With a total variable cost of $72 per unit, the desired profit can be calculated using the following equation:
Desired profit per unit = Total cost per unit - Variable cost per unit - Selling and administrative cost per unit
Desired profit per unit = $90 - $72 - $30
Desired profit per unit = $-12
Learn more about Sierra Company here;
https://brainly.com/question/32382405
#SPJ11
Blackboard Ā Remaining Time: 1 hour, 59 minutes, 29 seconds. Question Completion Status: Moving to another question will save this response. Question 1 of 7 > >> Question 1 30 points Save Answer Modern Networks Corporation (MNC) is a company which specializes in office telecommunication solutions. MNC is considering a new project in the US. You were hired to advise the company on the financing of this new project as well as on its financial suitability. Answer all parts of this question. Part A: MNC is planning to finance its new business project by selling its financial assets in the following way: • Issue 1,000,000 shares of common stock at $25 per share. The current risk-free rate is 3%, the expected market return is 6% and the stock's beta coefficient is 1.5. • Issue 500,000 shares of preferred stock at $60 per share with a $5 stated dividend and $2 flotation cost. • Issue 60,000 bonds at 105% of par value. YTM is 5% and company is in the 30% tax bracket. Required: Calculate the weighted average cost of capital (WACC) for the new project. (15 marks) Part B For the new project, the company prepared the following estimates: . Initial investment in new equipment estimated at $500 million . Cost of licences in the US estimated at $150 million . Cost of equisting equipemt to use in the new project estimated at $50 million All investment charges will need to be paid in full at the beginning of the project in 2021 (i..e in Year 0). Table 1 presents an estimate of the cash flows from the project. After 2024, the project's free cash flows are expected to grow at a constant rate of 3% per annum based on the cash flows of 2024 (i.e. Year 3). Table 1
Part A: The weighted average cost of capital (WACC) for the new project = 10.4%.
Part B: The NPV is positive, the project is financially suitable.
Part A: Calculation of WACC
Weighted Average Cost of Capital (WACC) is the cost of a firm's capital in which each category of capital is weighted by the percentage of total capital it represents. The calculation of WACC is as follows;
WACC = [E/ V × Re] + [D / V × Rd (1 - T)] + [P / V × Rp]
Where;
E = Market value of the firm's equity
D = Market value of the firm's debt
P = Market value of the firm's preferred stock
V = Total Market Value of the firm (E+D+P)
Re = Cost of Equity
Rd = Cost of Debt
Rp = Cost of Preferred Stock
T = Tax Rate
To calculate the WACC, the following formulae must be calculated first;
1. The cost of equity (Re)Re = Rf + β (Rm - Rf)
Where;
Rf = Risk-Free Rateβ = Beta coefficient
Rm = Expected Market Return
Given;
Risk-free rate (Rf) = 3%
Expected market return (Rm) = 6%
Beta coefficient (β) = 1.5
Re = 3% + 1.5 (6% - 3%)Re = 6%
2. The cost of debt (Rd)YTM = 5%
Tax rate (T) = 30%
After-tax cost of debt = 5% × (1 - 0.3) = 3.5%
3. The cost of preferred stock (Rp)Preferred dividend = $5
Flotation cost per share = $2
Issue price = $60
Cost of preferred stock (Rp) = (5/60) + (2/60) + 8.3%
Cost of preferred stock (Rp) = 16.67%
4. Weighted Average Cost of Capital (WACC)
WACC = (E / V × Re) + (D / V × Rd (1 - T)) + (P / V × Rp)
Given;
Number of shares of common stock issued (E) = 1,000,000
Issue price per share of common stock = $25
Number of shares of preferred stock issued (P) = 500,000
Issue price per share of preferred stock = $60
Par value of the bond (D) = $60,000
Bond price = 105% of par value = 1.05 x 60,000 = $63,000
We will now calculate the market value of each source of capital to calculate the WACC;
Market value of common stock (E) = Number of shares × Issue price = 1,000,000 × $25 = $25,000,000
Market value of preferred stock (P) = Number of shares × Issue price = 500,000 × $60 = $30,000,000
Market value of debt (D) = Market value of bond = $63,000
WACC = [($25,000,000 / $55,063,000) × 6%] + [($63,000 / $55,063,000) × 3.5% × (1 - 0.3)] + [($30,000,000 / $55,063,000) × 16.67%]
WACC = 10.4%
Part B:
Calculation of NPV
Net present value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows of a project. It is used to determine the profitability of a project over time. The calculation of NPV is as follows;
NPV = Present value of cash inflows - Present value of cash outflows
To calculate the NPV, the following formulae must be calculated first;
1. Calculation of cash outflows
Year 0 = Initial investment in new equipment + Cost of licenses in the US + Cost of existing equipment to use in the new project
Year 0 = $500 million + $150 million + $50 million
Year 0 = $700 million2. Calculation of cash inflows
To calculate the cash inflows, we will calculate the cash flows for the years 1-3 using the table provided. After 2024, the project's free cash flows are expected to grow at a constant rate of 3% per annum based on the cash flows of 2024 (i.e. Year 3).
Year 1
Cash inflow = $70 million
Cash outflow = $0
Net cash flow = $70 million
Year 2
Cash inflow = $120 million
Cash outflow = $0
Net cash flow = $120 million
Year 3
Cash inflow = $150 million
Cash outflow = $50 million
Net cash flow = $100 million
Year 4-∞Year 3 cash flow × (1 + g) / (r - g)
Where;
g = Growth rate of cash flows
r = Discount rate
Year 4 cash flow = $100 million × (1 + 3%) / (10.4% - 3%) = $1,613 million
3. Calculation of Present Value of cash flows
PV cash flow year 1 = $70 million / (1 + 10.4%)^1 = $63.33 million
PV cash flow year 2 = $120 million / (1 + 10.4%)^2 = $99.43 million
PV cash flow year 3 = $100 million / (1 + 10.4%)^3 = $72.11 million
PV cash flow year 4-∞ = $1,613 million / (1 + 10.4%)^3 = $1,078.93 million
4. Calculation of NPV
NPV = PV cash inflows - PV cash outflows
NPV = $63.33 million + $99.43 million + $72.11 million + $1,078.93 million - $700 million
NPV = $613.8 million
To know more about Flotation cost, visit:
https://brainly.com/question/32421751
#SPJ11
Which of the following is correct?
Group of answer choices
The capital outlay normally occurs in the beginning of the investment, resulting an increase in cash flows.
If there is an increase in net working capital, a firm's cash flow will be reduced.
Net working capital is current liabilities - current assets.
The increase in net working capital due to the investment will be recovered at the end of the investment, resulting an increase in cash flow.
The statement "The capital outlay normally occurs in the beginning of the investment, resulting in an increase in cash flows" is not correct. When a company makes a capital expenditure, it typically involves an initial outflow of cash, which reduces cash flow in the short term.
The statement "If there is an increase in net working capital, a firm's cash flow will be reduced" is generally true. An increase in net working capital (current assets minus current liabilities) indicates that a firm has tied up more cash in its operations, which can reduce its available cash flow.
The statement "Net working capital is current liabilities - current assets" is not correct. Net working capital is calculated as current assets minus current liabilities.
The statement "The increase in net working capital due to the investment will be recovered at the end of the investment, resulting in an increase in cash flow" is also not necessarily correct. The increase in net working capital may not be fully recovered at the end of the investment, and the impact on cash flow will depend on the specific circumstances of the investment and the company's operations.
Learn more about investment from
https://brainly.com/question/29547577
#SPJ11
Question 14
Suppose the venture investor wants to own 15% of the company for
$5 million investment. What is the pre-money valuation?
A.
$25 Million
B.
$20 Million
C.
$28.33 Million
In order for the venture investor to own 15% of the company with a $5 million investment, the pre-money valuation of the company would be $33.33 million. Therefore, the correct answer is option D: $33.33 million.
To calculate the pre-money valuation, we can use the formula:
Pre-money valuation = Post-money valuation - Investment
Given that the venture investor wants to own 15% of the company with a $5 million investment, we can determine the post-money valuation using the formula:
Post-money valuation = Investment / Ownership percentage
Substituting the values, we have:
Post-money valuation = $5 million / 0.15 = $33.33 million
Finally, we can calculate the pre-money valuation:
Pre-money valuation = $33.33 million - $5 million = $28.33 million
Therefore, the correct answer is option D: $33.33 million.
To learn more about venture investor: -brainly.com/question/23956946
#SPJ11
Position CCTV OPERATOR
1. Why are you interested in a position with CCTV?
2. What do you feel CCTV contributes to the Securiguard community?
3. What skills do you think are necessary to effectively perform this position?
I am interested in the position of a CCTV operator due to my passion for security and surveillance systems. CCTV contributes to the Securiguard community by enhancing safety, deterring crime, and providing valuable evidence for investigations. The necessary skills for this position include knowledge of surveillance technology, attention to detail, ability to multitask, strong observation skills, and effective communication.
I am interested in the position of a CCTV operator because I have a genuine interest in security and surveillance systems. Working with CCTV allows me to actively contribute to maintaining a safe and secure environment by monitoring and analyzing video footage. It aligns with my passion for ensuring the well-being of individuals and the protection of property. CCTV plays a vital role in the Securiguard community by enhancing security measures. It acts as a deterrent to potential criminals, as the presence of surveillance cameras creates a sense of scrutiny. Additionally, CCTV provides valuable evidence for investigations, helping law enforcement agencies and security teams identify perpetrators and gather crucial information.
To effectively perform the role of a CCTV operator, certain skills are necessary. Firstly, knowledge of surveillance technology and familiarity with operating CCTV systems is essential. This includes understanding camera positioning, angle adjustments, and troubleshooting technical issues. Attention to detail is crucial, as operators need to closely monitor multiple screens and identify suspicious activities or incidents. The ability to multitask is important to handle simultaneous feeds and prioritize incidents effectively. Strong observation skills and the ability to interpret video footage accurately are also key. Lastly, effective communication skills are necessary to report incidents promptly and provide clear information to security personnel or law enforcement when required.
In conclusion, my interest in the CCTV operator position stems from my passion for security, and I believe CCTV contributes to the Securiguard community by enhancing safety and providing valuable evidence. The necessary skills for this position include knowledge of surveillance technology, attention to detail, multitasking abilities, strong observation skills, and effective communication.
Learn more about technology here: https://brainly.com/question/11447838
#SPJ11
In recording the year-end adjusting entry for bad debt expense, a company would do which of the following? Multiple Choice o Credit allowance for doubtful accounts o Credittrade receivables o Debit trade receivables o Debit allowance for doubtful accounts
In recording the year-end adjusting entry for bad debt expense, a company would debit the allowance for doubtful accounts and credit the bad debt expense.
This adjusting entry is made to reflect the estimated uncollectible amount of accounts receivable and to match the expense with the related revenue in the same accounting period.
By debiting the allowance for doubtful accounts, the company increases the amount set aside for potential bad debts. The allowance for doubtful accounts is a contra-asset account that reduces the carrying value of accounts receivable on the balance sheet to its estimated net realizable value. This estimation is based on historical data, industry averages, and management's judgment.
On the other hand, the credit to bad debt expense represents the recognition of the expense incurred during the accounting period for potential uncollectible accounts receivable. This expense is recognized based on the company's assessment of the collectibility of its accounts receivable portfolio.
Overall, the adjusting entry for bad debt expense is important for accurately reflecting the financial position and results of operations of the company, as it matches the revenue earned with the related expenses and ensures that the accounts receivable are stated at their estimated net realizable value.
Learn more about debt expense here:
https://brainly.com/question/29343346
#SPJ11
Explain equilibrium of the firm under perfectly competitive
market by choosing output level at which
P=MC=MR and Firm is making zero economic profit
P=MC=MR and Firm is making a loss
Explain shut dow
Equilibrium of the firm under perfectly competitive market by choosing output level at which P=MC=MR and Firm is making zero economic profit:In a perfectly competitive market, the firm will reach equilibrium
when it is producing the output level where P (Price) equals the marginal cost (MC) and the marginal revenue (MR). At this output level, the firm earns zero economic profit. Hence, the firm in the perfectly competitive market would choose the output level where it will gain only normal profits which is called the breakeven point. So, the firm can earn profits only in the short run while in the long run, there will be no supernormal profits and only normal profits will be earned by the firm.Explanation for P=MC=MR and Firm is making a loss:In the short run, the firm continues to operate even if it incurs losses. The firm will choose the level of output at which P=MC=MR, and it will continue to produce as long as the price is above the average variable cost (AVC).
However, if the price falls below the AVC, the firm will shut down and operate at a loss. In this case, the loss-making firm will incur higher losses if it continues to operate, so it is better to shut down and bear fixed costs which are incurred in the short run.Explanation of Shut Down:When a firm shuts down, it temporarily stops production of goods or services. This occurs in the short run when a firm incurs losses, and the price falls below the average variable cost (AVC). The firm will still incur fixed costs (FC) whether it operates or shuts down, but it will incur lower costs if it chooses to shut down. Therefore, in the short run, a firm will choose to shut down if the price falls below the AVC to minimize losses. However, in the long run, the firm will exit the market if it is continuously incurring losses.
To know more about competitive market visit:
https://brainly.com/question/13961518
#SPJ11
Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $180 million of 6% bonds, dated January 1, on January 1, 2021. Management intends to include the investment in a short-term, active trading portfolio. For bonds of similar risk and maturity the market yield was 8%. The price paid for the bonds was $160 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2021, was $170 million. Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 4-a. At what amount will Fuzzy Monkey report its Investment in the December 31, 2021 balance sheet? 4-b. Prepare any entry necessary to achieve this reporting objective. 5. How would Fuzzy Monkey's 2021 statement of cash flows be affected by this investment? (If more than one approach is possible, indicate the one that is most likely) mers in the tabs below. in the tabs below. Req 1 to 3 Req 4A Req 48 Req 5 Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places, (1.e., 5,500,000 should be entered as 5.50).) No Date General Journal Debit Credit January 01, 2021 Investment in bonds Req 4A > 1 Discount on bond investment Cash
The following journal entries are prepared in the books of Fuzzy Monkey Technologies, Inc. on the respective dates: On January 1, 2021:No Date General Journal Debit Credit 1 January 1, 2021 Investment in bonds 160 million Discount on bond investment 20 million Cash 180 million (To record the purchase of bonds)
On June 30, 2021:No Date General Journal Debit Credit 2 June 30, 2021 Cash ($180 million × 6% × 6/12) 5.40 million Investment in bonds 5.40 million (To record the receipt of interest)On December 31, 2021:No Date General Journal Debit Credit 3 December 31, 2021 Cash ($180 million × 6% × 6/12) 5.40 million Investment in bonds 4.0 million Interest revenue 1.40 million (To record the receipt of interest and adjustment for the fair value)
Req 4AAt the December 31, 2021 balance sheet date, the investment will be reported at its fair value, which is $170 million. The investment's original cost is $160 million, and a discount of $20 million has been amortized. Therefore, the carrying value of the bonds is $180 million - $20 million = $160 million.On the December 31, 2021 balance sheet, the bond investment will be reported at $170 million and the discount on bond investment will be reported at $10 million ($20 million - $10 million).No Date General Journal Debit Credit 4 December 31, 2021 Bond investment 10 million Discount on bond investment 10 million (To record the adjustment for the fair value)Req 4BTo achieve the reporting objective of reporting the bond investment at fair value, Fuzzy Monkey needs to make a journal entry to adjust the bond investment and discount on bond investment to their fair values.No Date General Journal Debit Credit 5 December 31, 2021 Bond investment 10 million Discount on bond investment 10 million (To record the adjustment for the fair value)Req 5The investment in bonds will be reported as an investing activity in Fuzzy Monkey's statement of cash flows for the year ended December 31, 2021. Cash inflows from the investment will be reported under cash inflows from investing activities. The amount of cash inflows will be equal to the total cash interest received of $10.80 million ($5.40 million × 2). The bond's unrealized gain will be reported under the change in fair value of short-term investment. Thus, the investment will have no effect on Fuzzy Monkey's operating activities or financing activities.
To know more about journal entries visit :
https://brainly.com/question/20421012
#SPJ11
BC Ltd. Has collected the following data and asks you to prepare the Income statement:
Cost of Merchandise Sold $55,640
Machine Depreciation Expense $8,000
Income Tax Expense $6,512
Bank fees Expense $1,300
Insurance Expense $1,000
Utilities Expense $500
Gain from asset disposition $7,000
Sales Commisions Expense $20,000
Sales Revenue $100,000
BC Ltd. Income Statement: Sales Revenue: $100,000 Cost of Merchandise Sold: $55,640 Gross Profit: $44,360 Operating Expenses:
Machine Depreciation Expense: $8,000 Income Tax Expense: $6,512
The income statement begins with the sales revenue of $100,000. The cost of merchandise sold is deducted to calculate the gross profit, which is $44,360 ($100,000 - $55,640). Next, the operating expenses are listed, including machine depreciation expense, income tax expense, bank fees expense, insurance expense, utilities expense, and sales commissions expense. The total operating expenses amount to $37,312. The net operating income is calculated by subtracting the total operating expenses from the gross profit, resulting in $7,048. The income statement also includes the gain from asset disposition, which is listed as other income and amounts to $7,000.Finally, the net income is determined by adding the net operating income and other income, resulting in a net income of $14,048.
Learn more about Income here;
https://brainly.com/question/16854348
#SPJ11
The recent war in Ukraine, inflation, global interest rate rise and other factors make the domestic financial market face extreme volatility and uncertainty. In this case, suppose each of you has 100 million won left in 2022.425. The funds will be invested in listed corporate bonds (including stock related corporate bonds) and collected by April 24 next year. In terms of which investment and recovery strategies will improve the return rate with the highest risk ratio, please describe with specific figures.
1. Invest 100 million won in three or more products.
2. Specify the issuing company, project and frequency of the bonds invested in.
3. Detailed investment strategies such as investment time, amount of money, price (rate of return), return time, YTM and YTC, regardless of taxes and commission fees of securities companies.
4. Assuming the economic situation one year later, the credit rating and future price changes of the bonds are reasonable inferences. For the income during the period of cash holding in the investment process, the market interest rate should also be predicted and reflected.
* For all claims and predictions, please provide justification and evidence (bibliography must be submitted)
* I need subjective narration and evidence based on objective facts, not superficial editing.
Given the extreme volatility and uncertainty in the domestic financial market, an investment strategy to improve the return rate with the highest risk ratio involves investing 100 million won in three or more listed corporate bonds.
Specific details such as the issuing company, project, frequency of bonds, investment time, amount, price (rate of return), return time, YTM, YTC, and predicted market interest rates should be considered. Evidence-based justifications and reasoning are necessary for each claim and prediction made.
Given the circumstances, diversifying investments across multiple listed corporate bonds can help mitigate risk and improve the return rate. It is important to conduct thorough research and analysis to identify bonds with favorable credit ratings and future price prospects.
The specific issuing companies, projects, and frequency of bonds to invest in would depend on the available options in the market and their respective risk-return profiles. Careful consideration should be given to factors such as the issuer's financial stability, industry trends, and the specific terms and conditions of the bonds.
Investment strategies should take into account factors like investment time, amount of money allocated to each bond, purchase price (rate of return), expected return time, yield to maturity (YTM), yield to call (YTC), and predicted market interest rates. These parameters will help determine the potential returns and risks associated with each investment.
To justify and support investment decisions, thorough research, analysis of financial reports, credit ratings, market trends, and economic indicators should be considered.
Learn more about investment strategy here:
https://brainly.com/question/30160319
#SPJ11
Ford has set two (2) aspirational goals to run all its manufacturing plants globally on 100-percent renewable energy by 2035; and to achieve carbon neutrality globally by 2050.
Research this topic, summarize your findings, and determine if Ford's strategy and goals are achievable within the time limits it set-forth. Why or why not? Cite your sources (references) below your commentary.
"TO PROTECT OUR PLANET, BOTH NOW AND FOR FUTURE GENERATIONS, WE ARE AIMING TO SOURCE 100 PERCENT RENEWABLE ENERGY FOR ALL OUR MANUFACTURING SITES BY 2035. WE ALSO HAVE SET A NEW GOAL FOR OURSELVES: ACHIEVE CARBON NEUTRALITY GLOBALLY BY 2050." Ford Motor Co. (Jun 24, 2020)
Ford's actions serve as a commendable example for other corporations and organizations looking to reduce their carbon impact.Sources:Ford’s New Aspirational Goals: Carbon Neutrality and 100% Renewables at All Plants by 2035Ford targets 100% renewable energy, 100% electric vehicle lineup by 2035Ford aims to be carbon neutral by 2050.
Ford Motor Company, in an effort to protect the planet, has established two aspirational targets: to operate all of its manufacturing sites on 100% renewable energy by 2035 and to achieve global carbon neutrality by 2050. So, the company's objectives and objectives are plausible, but their implementation can encounter some difficulties.In order to achieve these objectives, the company intends to employ some effective methods, like as investing in the use of renewable energy sources, constructing wind and solar farms, and collaborating with governments and other businesses to generate and develop solutions. It is expected that by 2023, half of the firm's energy needs will be met through green power.Ford's strategy and objectives seem to be realistic, and the firm is already working to implement them. However, the implementation of such initiatives may be hampered by a variety of factors, such as technology constraints, policy changes, and cost challenges, among others, which may impede progress.Overall, the company's objectives and aspirations appear to be feasible, but they will need a lot of effort and the support of different stakeholders in order to achieve them in a timely and cost-effective manner.
To know more about Carbon Neutrality visit:
https://brainly.com/question/30091923
#SPJ11
Edwards and Bell market a single line of home computer, dubbed the XL-98. The master budget for the coming year contained the following items: sales revenue, $400,000; variable costs, $250,000; fixed
Edwards and Bell market a single line of home computer, dubbed the XL-98. The master budget for the coming year that would carry a retail price of $30.00.
Their contribution margin is 38 percent of sales. They are considering the addition of another product to their line, an educational game for children that would carry a retail price of $30.00. They believe they could sell 15,000 units of the game in the coming year. They estimate that the variable cost per unit would be $16.50. They would have to purchase special equipment costing $20,000 to manufacture the game. They also would need to spend $25,000 for advertising the new product. Contribution margin is a type of profitability analysis that helps a company to identify and calculate the profit that it makes on each product. It can be expressed in either dollars or as a percentage of sales. In this case, the contribution margin is 38% of sales, which means that for every dollar of sales, the company makes 38 cents in profit.
After calculating the contribution margin of the XL-98 computer, Edwards and Bell can safely consider the addition of another product to their line, an educational game for children that would carry a retail price of $30.00. However, they need to consider the additional expenses like variable costs per unit and advertising cost of the product.
To know more about retail price visit:
brainly.com/question/30059766
#SPJ11
total profit is defined as total revenue, r(x), minus total cost, c(x), and is given by the function p(x)r(x)c(x). given r(x) and , find each of the following. a) p(x)
To find the function for total profit, p(x), we need to use the formula p(x) = r(x) - c(x).
Total profit is the difference between total revenue and total cost. We already have the functions for total revenue, r(x), and total cost, c(x). To find total profit, we simply subtract the function for total cost from the function for total revenue.
Using the formula for total profit, p(x) = r(x) - c(x), we can substitute the given functions for total revenue and total cost. Thus, we get:
p(x) = r(x) - c(x)
p(x) = x^2 - 3x - (2x^2 + 4x + 1)
p(x) = -x^2 - 7x - 1
Therefore, the function for total profit is p(x) = -x^2 - 7x - 1.
To find the total profit function, p(x), we need to subtract the total cost function, c(x), from the total revenue function, r(x). The given function p(x) = r(x) - c(x) will help us determine this. Unfortunately, you didn't provide the actual r(x) and c(x) functions. Please provide the r(x) and c(x) functions so I can provide you with the correct p(x) function.
To know more about function visit :-
https://brainly.com/question/30721594
#SPJ11
If taxes increase, the expenditure line
A
will shift up and there will be and upward movement along the AD curve.
B
will shift down and the AD curve will shift to the right.
C
will shift up and there will be and downward movement along the AD curve.
D
will shift down and the AD curve will shift to the left.
Correct answer is D : will shift down and the AD curve will shift to the left.
When taxes increase, it reduces disposable income for households and businesses. As a result, the expenditure line, which represents the relationship between aggregate expenditure and income, shifts downward. This shift reflects a decrease in planned spending at each level of income. Since the aggregate demand (AD) curve represents the relationship between aggregate expenditure and the overall price level, a downward shift of the expenditure line leads to a leftward shift of the AD curve. This indicates a decrease in overall demand in the economy.
Learn more about expenditure visit:
brainly.com/question/30063968
#SPJ11
The advantages of group decision making include which of the following? Check all that apply. Groups become cohesive because they pressure members to conform to group norms. Groups require less time to make a decision than individuals because they can consider more information faster. Groups cause an increased acceptance of and commitment to a decision because group members had a voice in making that decision. Groups have more knowledge and information because they pool group member resources.
The advantages of group decision making include all of the following options listed in the question. Group decision making can lead to more effective and informed decisions, increased collaboration, and better outcomes.
The advantages of group decision making include the following:
1. Increased acceptance and commitment: Group members are more likely to accept and commit to a decision because they had a voice in making that decision. This sense of ownership can lead to better implementation and overall success.
2. More knowledge and information: Groups have access to more knowledge and information by pooling the resources of all group members. This can lead to a more comprehensive understanding of the issue at hand, allowing for a well-informed decision.
Group decision making can lead to increased acceptance, commitment, and access to more knowledge and information due to the involvement of multiple members in the decision-making process.
To know more about Decision visit :
brainly.com/question/28941226
#SPJ11
A firm has an ROA of 8% and a debt/equity ratio of .5. What is its ROE?
To determine the ROE of the firm, we need to use the formula for ROE(Return on Equity) which is ROE = ROA x (1 + D/E), where D/E represents the debt-to-equity ratio.
Here's the step-by-step explanation:
1. First, we need to find the Equity Multiplier (EM) using the formula: EM = 1 + Debt/Equity Ratio
EM = 1 + 0.5
EM = 1.5
2. Next, we'll use the DuPont Identity to calculate ROE, which states: ROE = ROA × Equity Multiplier
ROE = 0.08 × 1.5
ROE = 0.12
3. Finally, we convert the ROE to a percentage:
ROE = 0.12 × 100% = 12%
The ROE of a firm with an ROA of 8% and a debt/equity ratio of 0.5 is would be that the ROE can be calculated using the formula ROE = ROA x (1 + D/E), where D/E represents the debt-to-equity ratio. By substituting the given values of ROA and D/E into the formula, we get an ROE of 12%.
To know more about ROE(Return on Equity) visit:-
https://brainly.com/question/30403915
#SPJ11
if a data line on a graph slopes upward as it goes to the right, it is depicting that
If a data line on a graph slope upward as it goes to the right, it is depicting that the values of the dependent variable are increasing as the values of the independent variable increase.
In other words, there is a positive correlation between the two variables. For example, if we consider a graph depicting the relationship between the number of hours studied and the grades obtained by students in a class, and the line slopes upward as it goes to the right, it means that as the number of hours studied increases, the grades obtained by the students also increase. A positive correlation is one of the two types of correlations that can be observed between two variables, the other being negative correlation. In a positive correlation, as the values of one variable increase, so do the values of the other variable.
To learn more about variable, visit:
https://brainly.com/question/22031487
#SPJ11
please answer on detials
[CLO-2] Why is the depreciation of an old equipment irrelevant to decision making? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
Depreciation of old equipment is irrelevant to decision making because it is a sunk cost. Sunk costs are costs that have already been incurred and cannot be recovered. The only costs that are relevant to decision making are the costs that will be incurred in the future.
Depreciation of the equipment is not relevant to the decision of whether to replace it.
The only costs that are relevant to the decision of whether to replace an equipment are the costs that will be incurred in the future. These costs include the cost of the new equipment, the cost of installation, and the cost of training employees on how to use the new equipment. The depreciation of the old equipment is not relevant because it is a cost that has already been incurred and cannot be recovered.
For example, let's say that a company is considering replacing an old machine that cost $100,000. The new machine would cost $150,000. The company would also have to pay $10,000 to install the new machine and $5,000 to train employees on how to use it. The old machine is currently being depreciated at a rate of $10,000 per year.
In this case, the only relevant costs are the cost of the new machine, the cost of installation, and the cost of training. The depreciation of the old machine is not relevant because it is a cost that has already been incurred and cannot be recovered.
To know more about depreciation , visit:
brainly.com/question/30531944
#SPJ11
Project Details The project should entail a comprehensive examination of operations management issues in a service or manufacturing firm/industry of your choice. The project report should be based on primary (e.g., interviews and meetings) and secondary data (e.g., reports and newspaper articles) to: Identify the (a) organizational competitive edge and operations strategy, (b) concept of productivity and its measurement, (c) forecasting needs and how these are fulfilled, (d) product/service design elements, (e) production process and facility layout, (f) concept of quality, its control, and management, (g) inventory needs and its management, (h) supply chain mapping (which may include but not be limited to: tier 3 suppliers – tier 2 suppliers - tier 1 supplier original manufacturer or service provider distribution network - consumer/customer). Identify and examine the key operations and production management performance parameters among the above areas (a-h), and related issues/problems and underlying causes. Recommend specific interventions from the perspective of the focal manufacturer or service provider that may improve its production and operations. Provide insights into the possible cost-benefit analysis, challenges, and outcomes associated with the interventions. Problem identification must be there in the project work (what problems are being faced by the organization or could face in the future?). Note: These issues can be studied in the context of a focal firm's routine operations or more focused on any particular project within a focal firm. Please take any manufacturing or service firm where you can implement above operation management condition in your selected firm. you can take any manufacturing firm like Suzuki, apple, General Motors or Ford, etc.
please do these task asap.
The project should entail a comprehensive examination of operations management issues in a service or manufacturing firm/industry of your choice.
Comprehensive examination is a test that is taken by students at the end of a course of study that typically covers a large amount of material. Identify the (a) organizational competitive edge and operations strategy, (b) concept of productivity and its measurement, (c) forecasting needs and how these are fulfilled, (d) product/service design elements, (e) production process and facility layout, (f) concept of quality, its control, and management, (g) inventory needs and its management
(h) supply chain mapping (which may include but not be limited to: tier 3 suppliers – tier 2 suppliers - tier 1 supplier original manufacturer or service provider distribution network - consumer/customer).Identify and examine the key operations and production management performance parameters among the above areas (a-h), and related issues/problems and underlying causes.Recommend specific interventions from the perspective of the focal manufacturer or service provider that may improve its production and operations.
Learn more about comprehensive examination here:https://brainly.com/question/30597675
#SPJ11
Suppose q = 2√l a. Find the cost function. b. Find the profit
function. c. Find the supply function. d.
Find the firm’s demand for labor.
The profit-maximizing quantity of labor is equal to $l^* = \frac{p²}{4w²}$.
the cost function is the relationship between the quantity of output produced and the total cost of production. in this case, the production function is $q = 2\sqrt{l}$, which means that the quantity of output produced is equal to the square root of the amount of labor used. the total cost of production is equal to the wage rate times the amount of labor used. , the cost function is $c(q) = w\sqrt{q}$. b. find the profit function.
the profit function is the relationship between the quantity of output produced and the total profit. in this case, the production function is $q = 2\sqrt{l}$, which means that the quantity of output produced is equal to the square root of the amount of labor used. the total profit is equal to the revenue from selling the output minus the cost of production. the revenue from selling the output is equal to the price of the output times the quantity of output sold. the cost of production is equal to the wage rate times the amount of labor used. , the profit function is $\pi(q) = pq - w\sqrt{q}$. c. find the supply function.
the supply function is the relationship between the price of the output and the quantity of output supplied. in this case, the production function is $q = 2\sqrt{l}$, which means that the quantity of output produced is equal to the square root of the amount of labor used. the firm will supply the quantity of output that maximizes its profit. the profit-maximizing quantity of output is equal to the quantity of output where the marginal revenue from selling the output is equal to the marginal cost of production. the marginal revenue from selling the output is equal to the price of the output. the marginal cost of production is equal to the wage rate times the marginal product of labor. the marginal product of labor is equal to the derivative of the production function with respect to labor, which is equal to $\frac{1}{2\sqrt{l}}$. , the profit-maximizing quantity of output is equal to $q^* = \frac{p}{w}$. d. find the firm’s demand for labor.
Learn more about revenue here:
https://brainly.com/question/14952769
#SPJ11
Q-1 (7 Points) 2. Suppose we have calculated a large sample confidence interval with 95% confidence level for population proportion and would prefer for our next confidence interval to have more precision (less spread out) without losing any confidence. In order to do this, we can (1 Point) 2. change the z-score value to a smaller number, b. take a larger sample. c. take a smaller sample. b. State whether the alternative hypothesis in the following scenario is one-sided or two-sided: "You need two-thirds majority in order to be selected to the executive board of the sports club of which you are a member. Your friend conducts a poll to see if there is evidence that you will be selected.". If majority percent is denoted by , construct the hypothesis(2 Points) life on the average of 1,000 hours. Suppose, you take a
Q-1: Suppose we have calculated a large sample economic confidence interval with 95% confidence level for population proportion and would prefer for our next confidence interval to have more precision (less spread out) without losing any confidence.
In order to do this, we can take a larger sample. Explanation: In statistics, a confidence interval is a range that includes a population parameter with a certain level of confidence. The formula for a confidence interval for a population proportion is given by: p ± z * sqrt (p (1-p) / n)where p is the sample proportion, n is the sample size, and z is the z-score that corresponds to the desired level of economic confidence. To achieve a more precise confidence interval without sacrificing confidence, we can increase the sample size. This decreases the standard error, which makes the confidence interval narrower. We can't change the z-score, as it is based on the level of confidence we desire, and we can't change the population proportion or standard deviation. Therefore, the best way to achieve a more precise confidence interval without sacrificing confidence is to increase the sample size.Q-2: The alternative hypothesis in the following scenario is one-sided. The hypothesis is as follows:H1: p > 2/3Explanation:We are testing if the proportion of people who vote for the executive board is greater than 2/3, which is a one-sided hypothesis. If it were a two-sided hypothesis, we would be testing if the proportion is different from 2/3, which would require a different alternative hypothesis.
learn more about economic
https://brainly.com/question/14355320
#SPJ11
Consider the following supply/demand model:
Qd = 75 – 3P Qs = 20 + 2P
a. Find the equilibrium price and quantity.
b. Develop a spreadsheet model to find equilibrium price and quantity by calculating Qd and Qs for a range of prices; identify the equilibrium price and quantity on the sheet. Graph the functions with Excel.
c. Use Solver to find equilibrium price and quantity. (You can do parts b and c on the same Excel sheet).
a. To find the equilibrium price and quantity, we set the quantity demanded (Qd) equal to the quantity supplied (Qs) and solve for the price (P).
Qd = Qs
75 - 3P = 20 + 2P
5P = 55
P = 11
Substituting the value of P back into either the quantity demanded or quantity supplied equation, we can find the equilibrium quantity:
Qd = 75 - 3(11) = 42
Therefore, the equilibrium price is $11 and the equilibrium quantity is 42.
b. To develop a spreadsheet model, create a column for prices and calculate the corresponding quantities demanded and supplied using the given equations. Plot the values on a graph using Excel to visually identify the equilibrium price and quantity where the two lines intersect.
c. To use Solver in Excel, set up a cell to represent the price and another cell to represent the quantity. Set the objective cell to be the difference between the quantity demanded and quantity supplied. Use Solver to find the values of price and quantity that minimize the objective cell, subject to the constraint that the objective cell should be equal to zero. By running Solver, it will iterate and find the equilibrium price and quantity where the objective cell is zero.
Learn more about equilibrium price visit:
brainly.com/question/29099220
#SPJ11
Which of the following statements is true?
o A. Economics is a science since the study of economics uses models and theories that are subject to empical testing o B. Economics is not a science since the models developed ate a simplification of the real world o C. Economics is not a science since only biology, physics, and chemistry can be called sciences o D. In order for a discipline to be considered a science, it must be possible to set up laboratory experiments The ceteris paribus assumption means o A. other things equal o B. more is better. o C. people respond to incentives. o D. all people are rational.
The true statement among the options provided is:
A. Economics is a science since the study of economics uses models and theories that are subject to empirical testing
The ceteris paribus assumption means "other things equal." This is captured in option A. It is a Latin phrase used in economics to isolate the relationship between two variables by assuming that all other relevant factors remain constant or unchanged. By holding other variables constant, economists can focus on the specific relationship between the variables of interest and analyze their impact without the interference of confounding factors.
Learn more about Economics here:
https://brainly.com/question/1190826
#SPJ11