Answer:
C
Explanation:
the definition of scarcity is to subsist with a scarce amount of something, or to have a very little amount of something. When there is a community of people with not enough food to go around, scarcity is the issue, and food must be allocated carefully.
eneration x consumers are multiple choice likely to rely on others. authoritative decision makers. very prone to extravagance. generally supportive of racial and ethnic diversity. poorly educated.
Generation X consumers are generally supportive of racial and ethnic diversity.
Generation X is the demographic cohort after Baby Boomers and before Millennials. Academics and popular media use the mid to late 1960s as the first birth year and the late 1970s to early 1980s as the last birth year, with generations generally being born between 1965 and 1980. defined as a generation.
Harvard University defines Generation X as those born between 1969 and 1984. Using this definition and U.S. Census data, as of 2019, he has 65.2 million Generation Xers in the United States. As a child in the 1970s and 1980s, a time when social values changed, Generation X was sometimes called the Key Generation.
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what are four examples of temporary marketable security investments utilized by firms to invest idle cash?
Examples of temporary marketable security investments utilized by firms to invest idle cash are U.S. Treasury bills, Certificates of deposit, Commercial paper and Eurodollar deposits.
What are temporary investments?Temporary investments are securities that can be sold in the near future, and for which there is an expectation of doing so. These investments are commonly used when a business has a short-term excess of funds on which it wants to earn interest, but which will be needed to fund operations within the near future.
These types of investments are usually very safe, but also have quite a low rate of return. Temporary investments are classified as current assets on the balance sheet.
Examples of Temporary Investments money market funds and treasury bills.
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In 2021, Southwestern Corporation completed the treasury stock transactions listed below. February March May 2: Reacquired 77,000 shares at $12.70. 17: Sold 27,000 shares at $14.35. 17: Sold 32,800 shares at 58.35. Southwestern had issued 100,000 shares of its $1 par common stock for $10 several months ago Required: Prepare the journal entries to record the above transactions, using the cost method. (If no entry is require select "No journal entry required" in the first account field.)
Applying the cost approach For February 2, the equity shares journal entry will be Bank A/c Dr. 9,77,900. A/C 9,77,900 equity share application dated March 17; address: 3,87,450 3,87,450 to Bank A/c Application for equity shares dated May 17: Dr. 2,67,200 to Bank A/c 2,67,200.
In a company's financial accounts, certain investments are recognized using the cost method of accounting. This strategy is used when an investor holds a security over which it has little or no influence, often expressed as owning less than 20% of the firm.
The cost of the investment is listed by the investor as an asset. When received, dividend income is recorded as income and shown on the income statement. Receiving a dividend also increases cash flow in both the investment and operating sections of the cash flow statement.
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with an understanding of price elasticity, sellers should know that the less elastic the demand for their product is, the more advantageous it is for them to
With an understanding of price elasticity, sellers should know that the less elastic the demand for their product is, the more advantageous it is for them to raise the price.
What's the significance here when request is less cost versatile?
A flexible interest is one in which the adjustment of amount requested because of an adjustment of cost is huge. An inelastic interest is one in which the adjustment of amount requested because of an adjustment of cost is little.
For what reason is it significant for a dealer to be aware in the event that their products are flexible or inelastic?
Versatility is a significant monetary measure, especially for the merchants of labor and products, since it shows the amount of a decent or support purchasers consume when the cost changes. At the point when an item is versatile, an adjustment of cost rapidly brings about an adjustment of the amount requested.
Why is value versatility of interest your getting it?
Value flexibility of interest is the proportion of the rate change in amount requested of an item to the rate change in cost. Financial specialists utilize it to comprehend how market interest change when an item's cost changes.
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The term ___________________ is used to describe the common pattern whereby each marginal unit of a consumed good provides less of an addition to utility than the previous unit.
A. diminishing marginal utility
B. marginal utility pattern
C. marginal income utility
D. decreasing marginal utility
According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person.
According to the law of diminishing marginal utility, the enjoyment or utility that a person derives from an item or a product decreases as they consume more and more of it. For instance, someone might purchase a specific brand of chocolate repeatedly. Because the satisfaction they were initially getting from the chocolate is waning, they may soon buy less and switch to another type of chocolate or buy cookies in its place.
According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person. Consuming increasing quantities of a good gives economic actors less and less pleasure.
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a stock is riskier than the overall market and currently carries a beta of 1.6. the risk-free rate of return is 2%, and the return on the stock market is expected to be 10%. what is the required return for this stock
The required return of the stock will be equal to 14.8%.
The required return for any stock is calculated by using the CAPM model. The CAPM model refers to the Capital Asset Pricing model. This model relates the risk free rate, systematic risk premium and the required return. The formula for calculating the required return is expressed as
R = Rₓ + (Rₐ - Rₓ) × β
where R is required return, Rₓ is risk free rate, Rₐ is the return of market and β is the value of beta.
On putting the values we get,
R = 2% + (10% - 2%) × 1.6
R = 2% + 12.8%
R = 14.8%
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if market risk premium is 8%, risk free rate is 5%, and the standard deviation of the market portfolio is 14.2%, what is the slope of the capital market line?
If the market risk premium is 8%, the risk-free rate is 5%, and the standard deviation of the market portfolio is 14.2%, the slope of the capital market line will be a little bit bent.
What is the Capital market line?The capital market line is indeed the tangent line that is traced from the risk-free asset's point to the area where risky assets are practicable. Since all rational investors should hold their hazardous assets at the same proportions as their weights inside the market portfolio, the tangency point M stands for the market portfolio.
The capital market line (CML) shows portfolios that balance risk and return in the best possible way. It is a philosophical concept that shows all the portfolios that combine the market's hazardous asset portfolio and the risk-free return rate in the best way possible.
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If unemployed workers become discouraged and give up trying to find work, the number of workers employed and the unemployment rate would change in which of the following ways?
Workers employed, no change. Unemployment rate, decrease.
If unemployed workers become discouraged and give up trying to find work, the number of workers employed and the unemployment rate would decrease.
Someone's employment status will rely upon whether their agreement is: a settlement of service, ie employment (employee) a settlement for the personal performance of work (employee) a agreement for offerings (self-hired).
A worker is defined as both an employee operating underneath a settlement for Employment or a person who works beneath a contract apart from a settlement of Employment and is offering his private carrier in go back for remuneration to the company who isn't always his/her consumer or purchaser.
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channel length refers to the amount of time it takes for a product to move from production to the consumer. group startstrue or falsetrue, unselectedfalse, unselected
False, A product life cycle is the period of time from when it is first introduced to the market until it is discontinued.
when a business offers a product for sale at a lower price than it costs to make it?Selling below cost is a strategy used by businesses to drive away rivals and/or grow their market share by offering products at a discount to their cost of production or acquisition.
Which of the following represents the initial stage of global market research?The first phase in the marketing research process is defining the issue or the topic your study is attempting to address, which is followed by creating a plan for the study's data collection and analysis.
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which of these s corporations is required to file schedule m-1, reconciliation of income (loss) per books with income (loss) per return? aladdin, inc. has total receipts of $227,963 and total assets of $175,987 at the end of the tax year. dandy, inc. has total receipts of $203,437 and total assets of $156,176 at the end of the tax year. sebastian, inc. has total receipts of $512,123 and total assets of $213,947 at the end of the tax year. waldo, inc. has total receipts of $242,222 and total assets of $201,397 at the end of the tax year.
The answer is c Sebastian inc total receipts $512,123 total assets $213,947 at end of the year. Since Total Receipts is more than or equal to $250000
If the corporation has total receipts of less than $250000 and total assets of less than $1 million at end of the year, then they are not required to file Schedule M1.
A corporation is an company—usually a group of human beings or a employer—legal via the state to behave as a unmarried entity (a legal entity recognized with the aid of private and public regulation "born out of statute"; a felony character in prison context) and identified as such in law for positive functions.[1]: 10 Early integrated entities have been mounted with the aid of constitution (i.e. by an advert hoc act granted by a monarch or surpassed through a parliament or legislature). most jurisdictions now permit the creation of recent businesses thru registration. businesses are available many differing types however are normally divided with the aid of the regulation of the jurisdiction wherein they're chartered primarily based on two aspects.
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travis industries plans to issue perpetual preferred stock with an $11.00 dividend. the stock is currently selling for $90.50, but flotation costs will be 7% of the market price, so the net price will be $84.17 per share. what is the cost of the preferred stock, including flotation? round your answer to two decimal places.
The cost of the preferred stock of Travis Industries is $13.06
Preferred stocks are the stocks that are given some priority. Some of these preferential treatments include constant dividends, and dividends are paid before any other stockholders. The dividends payable to the holders of preferred stocks are payable on demand.
A publicly traded company incurs flotation costs when it issues new securities and pays costs like underwriting fees, legal fees, and registration fees. Businesses must take into account how these fees will affect the amount of capital they can raise from a new issue.
The cost associated with preferred stock is estimated as follows:
[tex]\text{Cost of the preferred stock}=\dfrac{\text{Annual dividends}}{\text{Current price-Flotation costs}}[/tex]
From the question,
Flotation cost is 7%*90.5
Market price=90.5
Annual dividends=$11.00
[tex]\text{Cost of the preferred stock}=\dfrac{11.00}{90.5*(1-0.07)}[/tex]
[tex]\text{Cost of the preferred stock}= $13.06[/tex]
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the americans with disabilities act was passed in 1990. the law makes it illegal for a business to fire an employee with a disability simply because of this disability. what was the likely intention of this law?
The likely intention of this law was to make sure that there is not any type od discrimination that is happening with respect to the Disabilities of a person.
What are the Americans with Disabilities Act?The Americans with Disabilities Act (ADA) forbids harassment against anyone who has a disability in a number of settings, including jobs, federal facilities, communication, telecommunication, and accessibility to state and municipal government resources and support.
The ADA forbids discrimination and guarantees job opportunities for people with disabilities. Additionally, it made guaranteed that people with disabilities had equal access to public services, corporate offices, and mobility.
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suppose a stock had an initial price of $58 per share, paid a dividend of $1.90 per share during the year, and had an ending share price of $68. compute the percentage total return.
The percentage total return is 12.24%
Total Return -12.24%
Dividend Yield 3.28%
Capital Gain Yield = 15.52%
Dividends are ordinary income-sharing bills made between an organization and its traders. An enterprise's board of directors determines the rate consistent with share, while and how often dividend bills are made. Dividend shares can offer a stream of profits, which can be specifically precious in the course of inflationary durations.
Dividend investing can be an extraordinary investment approach. Dividend shares have historically outperformed the S&P 500 with less volatility. this is because dividend shares provide resources of return: everyday income from dividend bills and capital appreciation of the stock rate. This total return can add up over the years.
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question content area using the data below for the ace guitar company: a region b region sales $568,000 $852,000 cost of goods sold 215,800 323,800 selling expenses 136,300 204,500 support department expenses: purchasing $238,600 payroll accounting 159,000 allocate support department expenses proportional to the sales of each region. determine the divisional operating income for the a and b regions. for interim calculations, round percentages to two decimal places and all other amounts to the nearest whole dollar.
A Region Operating Income $
B Region Operating Income $
A Region Operating Income $85140
B Region Operating Income $56860
Region A
% of sales allocation = sales/sales of both regions
= 852000/ 852000 + 568000
= 60%
Allocation of the service department expense
= % of the sale allocation × (purchaning + payroll )
= 60% × (238600 + 159000)
= 238560
operating income = sales - csgs - selling expense - Allocation of the service department expense
= 852000 - 323800 - 204500 - 238560
= 85140
Region B
% of sales allocation = 568000/ 852000 + 568000
= 40%
Allocation of the service department expense
= % of the sale allocation × (purchaning + payroll )
= 40% × (238600 + 159000)
= 159040
operating income = sales - csgs - selling expense - Allocation of the service department expense
= 568000 - 215800 - 136300 - 159040
= 56860
Working earnings refers back to the adjusted sales of a employer in the end expenses of operation and depreciation are subtracted. fees of operation or working expenses are virtually the fees incurred so one can keep the commercial enterprise running.
It's a metric that allows you to see your enterprise's profitability in case you only account for everyday operating expenses. that is why running earnings is likewise known as working profit or income earlier than interest and taxes (EBIT) as it does not account for taxes or hobby expenses.
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Salt Foods purchases forty $1,000,7%, 10-year bonds issued by Pretzelmania, Incorporated, for $42,975 on January 1 . The market interest rate for bonds of similar risk and maturity is 6%. Salt Foods receives interest semiannually on June 30 and December 31 . 1. \& 2. Record the necessary entries regarding the bonds. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole number.) Journal entry worksheet Record the investment in bonds. Note: Enter debits before rredits.
The journal entry will be Cash dr. $1,400 To Investment (difference) $111 To Interest Revenue $1,289
Let's understand the transactions that occur when the investment is made in order to record Salt Foods' investment in Pretzelmania's bonds and the recipe for the first interest payment on June 30.
The following transactions take place when a firm buys bonds from another company: The value of the investment is added to the investment account. Investments are assets, thus there will be a debit because of that.
The value of the investment reduces cash. Cash is a resource, hence a credit will be noted.
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galaxy industries buys back 600,000 shares of its stock from investors at $45 a share. two years later it reissues this stock for $65 a share. the stock reissue would be recorded with a debit to cash for: a. $39 million and a credit to treasury stock for $39 million. b. $39 million, a credit to treasury stock for $27 million, and a credit to gain on sale of treasury stock for $12 million. c. $27 million, a debit to additional paid-in capital for $12 million, a credit to treasury stock for $27 million, and a credit to stockholders' equity for $12 million. d. $39 million, a credit to treasury stock for $27 million, and a credit to additional paid-in capital for $12 million.
The stock reissue would be recorded with a debit to cash for: $39 million, a credit to treasury stock for $27 million, and a credit to gain on sale of treasury stock for $12 million.
What separates a credit from a debit?A debit option exists in every double-entry accounting system. A debit is the complete opposite of a credit. Debits reflect money leaving an account, whereas credits show money entering it.
In a typical journal entry, all debits are declared on the top lines and all credits are stated on the line immediately below the debits. When using T-accounts, a debit is shown on the left side of the chart, and a credit is shown on the right. Debits and credits are utilized in the trial balance and adjusted trial balance to ensure that all entries balance. The total of all debits must be more than or equal to the total of all credits. Or, to put it another way, resources need to balance.
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cho receives a small monthly salary, but the bulk of her compensation comes in the form of a percentage of her sales, known as
Cho receives a small monthly salary, but the bulk of her compensation comes in the form of a percentage of her sales, known as commission.
In the field of business, a commission can be described as a percentage of the share that you get from the sale of an item. Most jobs that involve the sales of a product are commission-based rather than salary based.
For sales jobs, a percentage gets revenue for each item that he is selling. Some companies offer a small monthly salary and offer commission for sales jobs for each product of the company that is being sold by a salesperson.
Commission-based jobs are not regular jobs and have different job terms and values.
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suppose that you purchase goog at $1325 per share and purchase a put to protect your position with a strike price of $1275 per share for $26. what is the breakeven stock price for this position (option and stock)?
The breakeven stock price for this position.Breakeven price is equal to the purchase price plus the interest that would have been earned on the amount invested.Breakeven price is equal to 23 plus (23*e0.05*1/2) - 23. Breakeven price is equal to 23 + 0.5822477721.
Profit = Selling price - Breakeven price Profit = $23.80 - $23.5822477721 Profit = $0.2177522279 per share. Breakeven price =$23.5822477721.Under a put option, we were entitled to the difference between the strike price and a price below the strike price (stock price at expiry). The price below the strike price up to which the cost of the approach would have been recouped will serve as our breakeven stock price below which the trader makes a profit. 35 b, 350f stock price at which the trader will begin to benefit. Below the breakeven stock price, a trader makes money. $20 Practicing.The cost of the approach for the trader who purchases two call options and one put option is $$$2*$ call premium. "$ premium on the put option" plus one $$\s= 2* $3 + 1 * $4\s-6-+4\s=$10.The calculation of the break-even stock price follows. Cost of plan = number of Put choice x. (Strike price - Break even Stock price).$30 - Breakeven Stock Price = $10 = 1 times.
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The most attractive way to reduce or eliminate the impact of paying tariffs on pairs imported to a company's distribution warehouse in Europe-Africa is toThe most attractive way to reduce or eliminate the build a plant in Europe-Africa and then expand it as may be needed so that the company has sufficient capacity to supply all (or at least most) of the pairs the company intends to try to sell in that geographic region.The most attractive way to reduce or eliminate the pursue a strategy of selling fewer pairs in Europe-Africa than rival companies--this has the advantage of keeping the company's costs for import tariffs in Europe-Africa lower than those of rivals.The most attractive way to reduce or eliminate the stop selling footwear in Europe-Africa and close down all company operations in that region.The most attractive way to reduce or eliminate the pursue a strategy of selling footwear to retailers in Europe-Africa at a wholesale price of $39 per pair or less--no import tariffs have to be paid on branded pairs shipped to footwear retailers in Europe-Africa when the wholesale price is below $40 per pair.The most attractive way to reduce or eliminate the
raise the company's selling price of footwear in Europe-Africa by the full amount of the tariff and pass all tariff costs along to the purchasers of the company's footwear--this strategy has the advantage of completely eliminating the company's exposure to import tariffs in Europe-Africa.
The most attractive way to reduce or eliminate the impact of paying tariffs on pairs imported to a company's distribution warehouse in Europe-Africa is to
Answer: pursue a strategy of selling footwear to retailers in Europe-Africa at a wholesale price of $39 per pair or less--no import tariffs have to be paid on branded pairs shipped to footwear retailers in Europe-Africa when the wholesale price is below $40 per pair.
Reason: This will reduce overall cost of footwear pair and will make footwear pair cheaper in market without any investment. So market share and sales revenue of company in Europe-Africa will increase.
Other options are not viable because
1. build a plant in Europe-Africa and then expand it as may be needed so that the company has sufficient capacity to supply all (or at least most) of the pairs the company intends to try to sell in that geographic region.
Reason: It will require more capital investment and will reduce return on capital employed.
2. pursue a strategy of selling fewer pairs in Europe-Africa than rival companies--this has the advantage of keeping the company's costs for import tariffs in Europe-Africa lower than those of rivals.
Reason: This will reduce market share and sales revenue of company from Europe-Africa.
3. stop selling footwear in Europe-Africa and close down all company operations in that region.
Reason: This will reduce sales revenue and profitability of company.
4. raise the company's selling price of footwear in Europe-Africa by the full amount of the tariff and pass all tariff costs along to the purchasers of the company's footwear--this strategy has the advantage of completely eliminating the company's exposure to import tariffs in Europe-Africa.
Reason: This will make footwear pair expensive in market compared to rival companies and will reduce market share, sales revenue and profitability of company
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in 1973, the major oil-producing nations of the world declared an oil embargo. the price of oil, a key source of energy, increased. this led to widespread inflation as costs of production increased steeply. the resulting fall in gdp and employment led the united states into a recession. which of the business cycle theories explained in the chapter would best fit this explanation of the 1970s recession?
The resulting fall in gdp and employment led the united states into a recession. The real business cycle theories explained in the chapter would best fit this explanation of the 1970s recession.
Gross domestic product is a financial degree of the market fee of all of the final items and services produced and offered in a selected time period by means of nations. because of its complicated and subjective nature this degree is frequently revised before being taken into consideration a reliable indicator.
GDP measures the financial value of final items and services—this is, the ones which might be offered by using the final consumer—produced in a rustic in a given time period (say a quarter or a year). It counts all of the output generated inside the borders of a country.
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the practice of replacing promotional allowances with lower manufacturer list prices is referred to as
Everyday Low Pricing is the practice of replacing promotional allowances with lower manufacturer list prices.
What is an example of a promotional allowance?The retail value of transportation, hotel rooms, food, beverages, products, chips, tokens, entertainment, or services supplied to patrons for free is referred to as promotional allowances. Businesses utilise discounts and allowances to entice customers to purchase from them or pay a past-due debt sooner. Discounts are incentives used to stimulate sales, whereas allowances are incentives used to motivate payments (which apply only to purchases made on credit). a price reduction or discount granted by a manufacturer to a member of the marketing channel in exchange for special promotion of a specific product.
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the furniture of what designer became identified with the bauhaus in germany because it represented the mass produced products of the machine age?
Walter Gropius created the Dessau Bauhaus structure.
What is bauhaus?German architect Walter Gropius established the Bauhaus in the city of Weimar in 1919. (1883–1969). Its main goal was to reinvent the tangible world in order to express the unification of all the arts, which was a novel concept.
The school gained notoriety for its design philosophy, which aimed to combine unique artistic vision with the ideas of mass production and a focus on usability. An architect and well-known furniture designer, Marcel Breuer. Breuer, who was born in Hungary, became self-sufficient at the age of 18 and became the youngest student to enroll in the Bauhaus.
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the additional compensation that is earned as part of the skyblue ground success plan represents what type of motivator
The additional compensation that is earned as part of the skyblue ground success plan represents extrinsic motivator
What is the extrinsic motivator?Extrinsic motivation is a type of drive that is fueled by benefits from outside sources. These can be material, like cash or grades, or immaterial, like acclaim or renown. Extrinsic motivation is solely focused on external rewards, in contrast to intrinsic motivation, which comes from within the person.
Extrinsically motivated individuals will keep at a task even if it isn't particularly enjoyable in and of itself. For instance, someone might perform a task at work that they dislike in order to pay their bills.
Operant conditioning, in which a person or item is trained to perform a certain manner in exchange for a reward or punishment, involves extrinsic incentive.
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Anna borrows $5,000 from a bank and withdraws $1,000 from her personal savings to start a coffee shop. The interest rate is 5 percent for both the bank loan and her personal savings. Her opportunity cost of capital is $250.
a. True
b. False
Anna borrows $5,000 from a bank and withdraws $1,000 from her personal savings to start a coffee shop. The interest rate is 5 percent for both the bank loan and her personal savings. Her opportunity cost of capital is $250. False
The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate (called the principal sum). The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.
The interest rate over a year is known as the annual interest rate. Other interest rates are applicable over shorter time frames, such a day or a month, but they are typically annualized.
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Other things equal, an increase in the demand for a product will _______ (increase/decrease) the demand for a resource used in its production, whereas as decrease in product demand will ______ (increase/decrease) the demand for that resource
increase; decrease
Other things equal, an increase in the demand for a product will increase the demand for a resource used in its production, whereas as decrease in product demand will decrease the demand for that resource.
What happens to resource demand when demand changes?When there is a change in the quantity demanded of a certain good, then there will be a change in the demand for the resource that is used in producing that good, in a proportional manner. This means that if the quantity demanded for a good or service increases, then the quantity demanded for the resources used to produce it will also see their demand increase as well.
The same is true for if there is a decrease in demand because there will also be a decrease in the demand for the resources used in production. The reason for this is simple; if there is less demand in a good or service, then less quantity of that good or service will be produced which would mean that less resources for production are required.
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lakeview, inc.'s statement of cash flows reports financing activities with payments that exceed receipts. this means that lakeview had a net cash
The cash flow statement for Lakeview, Inc. lists financing activities where payments exceed receipts. This indicates that Lakeview's financing-related actions resulted in a net cash outflow.
How do cash flows work?
The net figure of cash flows coming into and going out of a business is referred to as cash flow. Money spent or money received represent inflows and outflows, etc.
What kind of cash flow is this, exactly?
Spending that occurs in the normal course of business is included in cash flow from operations. Payroll, the cost of items sold, rent, and utility bills are a few examples of the these cash outflows. If business operations are very seasonal, cash outflows might vary greatly.
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chegg what is the total salesmix variance in terms of the contribution margin? (round intermediary calculations to two decimal places.)
The total sales mix variance in terms of the contribution margin is Subtract the budgeted unit quantity from the real unit quantity and multiply by using the usual contribution margin. The contribution margin is sales minus all variable costs. Do the identical for every one of the products sold.
The sales mix is a calculation that determines the proportion of every product a commercial enterprise sells relative to total income. The sales mix is tremendous due to the fact some products or services can be more profitable than others, and if a company's sales blend changes, its earnings also alternate.
A most effective mix augments the ability unit offers even as preserving up with or in an excellent world working on the business enterprise's earnings. for instance, a blend that results in the highest sales for the approaching year may not set the organization up for future improvement. additionally, see Product blend. MCQs on advertising and marketing mix.
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during the transition period, firms incur additional costs related to internal staff providing . there is usually lower efficiency and effectiveness at the beginning of the contract.
The statement about the lower efficiency and effectiveness of firms is a True statement.
There are many phases that comes within an economy. During some phases in which the economy may prosper while during some the economy may be stagnated. The period between these two phases is the transition phase. The transition phase is neither prosperous nor too stagnating but the economic activities go on hold during transition phase. The firms incur more expenses than those of normal days. They have to pay additional amount to the staff for their maintenance and also the overall efficiency of the firm reduces during the transition phase. Shortage of raw materials cause them to buy those materials at high cost.
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Complete Question:
during the transition period, firms incur additional costs related to internal staff providing . there is usually lower efficiency and effectiveness at the beginning of the contract.
True
False
compared to monopoly, the market results with monopolistic competition are usually expected to be: group of answer choices worse because consumers get fewer choices. worse because consumers pay a higher price. the same. better because consumers get less output. better because consumers pay a lower price.
Compared to monopoly, the market results with monopolistic competition are usually expected to be better because consumers pay a lower price.
Monopoly, as Irving Fisher describes it, is a market with "no competition", creating a situation where a particular person or company is the sole supplier of a particular thing. This is in contrast to monopolies, i.e., about the control of a single entity in the market to purchase goods or services, and with oligopolies and oligopolies consisting of a few dominant sellers. market.
A monopoly is thus characterized by a lack of economic competition to produce a good or service, a lack of viable substitutes, and the possibility of a monopoly price being much higher than the marginal cost of the semiconductor to increased monopoly profits.
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if the price per unit of product is $2 and the wage rate is $25, a profit-maximizing firm operating in competitive markets would hire:
In marketplaces where there is competition, businesses would employ four or five.
Define competitive market.A perfect market, also known as an atomistic market, is defined by a number of idealizing conditions that are collectively referred to as perfect competition, or atomistic competition, in the field of economics and more specifically general equilibrium theory.
In the field of economics, the word "profit maximizing" refers to the short- or long-term process by which a company selects the prices, input levels, and output levels that will result in the highest possible overall profit.
Profit maximization is the process by which businesses increase their profits by balancing their marginal income and marginal expense. This notion serves as the foundation for many economic theories. It exists in markets with monopolies as well as those with perfect competition.
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