who developed the revealed preference theory?
In economics

Who Developed The Revealed Preference Theory?In Economics

Answers

Answer 1

Answer:

In 1938 Samuelson presented revealed preference theory as an alternative to utility theory, while in 1950, Samuelson took the demonstrated equivalence of the two theories as a vindication for his position, rather than as a refutation.

Answer 2

Answer:

Samuelson developed the revealed preference theory.


Related Questions

Marigold Corp. gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 $13700 Deposits in transit 1900 Notes receivable and interest collected by bank 4620 Bank charge for check printing 160 Outstanding checks 9400 NSF check 870 The adjusted cash balance per books on April 30 is:______.

Answers

Answer:

Marigold Corp. gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 $13700 Deposits in transit 1900 Notes receivable and interest collected by bank 4620 Bank charge for check printing 160 Outstanding checks 9400 NSF check 870.

The adjusted cash balance per books on April 30 is:__$17,290.

Explanation:

a) Data and Calculations:

Cash balance per books, 4/30 = $13,700

Deposits in transit 1,900

Notes receivable and interest collected by bank 4,620

Bank charge for check printing 160

Outstanding checks 9,400

NSF check 870

b) Cash balance per books, 4/30                           $13,700

Notes receivable and interest collected by bank     4,620

Bank charge for check printing                                    -160

NSF check                                                                     -870

Adjusted cash balance as per books on April 30 $17,290

c) The adjusted cash balance of $17,290 will be equal to the balance on the bank statement on the same date, unless there is another accounting error that is not listed above.

The price of TSC stock will be either $42 or $46 at the end of the year. Currently, T-bills yield 4.1 percent and TSC sells for $43 a share. What is the per share value of a one-year TSC call option if the exercise price is $45 per share?

a. $1.03
b. $.66
c. $.72
d. $.81
e. $0

Answers

Answer:

b. $.66

Explanation:

The computation of the per share value for the one year is

Given that

Current Price = $43

Possible Prices = $42 and $46

Now

u = [($46 - $43) ÷ $43] + 1

= 1.06977

And

d = 1 - [($42 - $43) ÷ $43]

= 0.9767

And,

Risk-Free Rate = T-Bill Rate = Rf = 4.1 %

Now the up move price probability is

= [(1 + Rf) - d] ÷ [u - d]

= [(1.041) - 0.9767] ÷ [1.06977 - 0.9767]

= 0.69088

And,  

Exercise Price = $ 45

Now

If the Price is $42, so Payoff = $0

And

if the Price is $46, so Payoff =is

= ($46 - $45)

= $1

Finally the call price is

= [0.69088 × 1 + (1 - 0.69088) × 0] ÷ 1.041

= $0.66367

= $0.66

Goodwill is: Group of answer choices Amortized over the greater of its estimated life or forty years. Only recorded by the seller of a business. The excess of the fair value of the consideration exchanged for the company over the fair value of net assets acquired. None of these.

Answers

Explanation:

Goodwill in accounting is an intangible asset that arises when a buyer acquires an existing business. Goodwill represents assets that are not separately identifiable. Goodwill does not include identifiable assets that are capable of being separated or divided from the entity and sold, transferred, licensed, rented, or exchanged, either individually or together with a related contract, identifiable asset, or liability regardless of whether the entity intends to do so. Goodwill also does not include contractual or other legal rights regardless of whether those are transferable or separable from the entity or other rights and obligations. Goodwill is also only acquired through an acquisition; it cannot be self-created. Examples of identifiable assets that are goodwill include a company’s brand name, customer relationships, artistic intangible assets, and any patents or proprietary technology. The goodwill amounts to the excess of the "purchase consideration" (the money paid to purchase the asset or business) over the net value of the assets minus liabilities. It is classified as an intangible asset on the balance sheet, since it can neither be seen nor touched. Under US GAAP and IFRS, goodwill is never amortized, because it is considered to have an indefinite useful life. Instead, management is responsible for valuing goodwill every year and to determine if an impairment is required. If the fair market value goes below historical cost (what goodwill was purchased for), an impairment must be recorded to bring it down to its fair market value. However, an increase in the fair market value would not be accounted for in the financial statements. Private companies in the United States, however, may elect to amortize goodwill over a period of ten years or less under an accounting alternative from the Private Company Council of the FASB.

A seller has accepted an offer from John. John wants to remodel and add an outdoor pool when he has enough equity built up to cover the project. Which loan arrangement will help him build equity faster than the others?

Answers

Answer:

make a 40% down payment upfront

Explanation:

The best arrangement that would help him accomplish this would be to make a 40% down payment upfront. The best way to build equity as fast as possible is to put down the biggest down payment that you can. The bigger the down payment, the higher the boost in equity that you will receive. That is why it is the best option. Anything above 20% down payment is the ideal scenario, while 40% would be perfection.

A personal characteristic that fosters organizational politics is a) the desire to help. b) need for power. c) drive to be a vision-holder. d) requirement for participation. e) tendency to need to socialize

Answers

Answer: b) need for power.

Explanation:

Organizational politics are activities that people engage in to be able to further their personal interests even if these interests are not always in the best interest of the company itself.

To be able to further their interests, they need power and influence which means that the personal characteristic that fosters organizational politics is the need to have power.

Suppose that some country had an adult population of about 47 million, a labor-force participation rate of 123.4 percent, and an unemployment rate of 31.0 percent. How many people were unemployed?

a. 18 million
b. 81.0 million
c. 58 million
d. 40 million

Answers

The number of unemployed peoples is 17.67 Millions, when the rate of unemployed peoples are 31%.

What is unemployment?

Unemployment happens when individuals who desire to do work are incapable to encounter jobs, which displaces economic output.

High pressure rates of unemployment are a sign of economic pain, while highly low-level rates of unemployment may sign a hotted economy.

Computation of unemployed peoples:

According to the given information,

The labor force rate =  123.4%, and

Absolute Value =  47 million

Then, the labor force population is:

[tex]\text{labor Force Population} = \text{The Labor Force Rate} \times \text{Absolute Value}\\\\\text{labor Force Population} =123.4\% \times 47 \text{Million}\\\\\text{labor Force Population} =57 \text{Approx.}[/tex]

Now, the number of unemployed peoples are:

According to the given information,

unemployment rate = 31.0

Then,

[tex]\text{Number of Unemployed Peoples} = \text{Unemployment Rate} \times \text{Labor force Population}\\\\\text{Number of Unemployed Peoples} = 31\% \times 57 \text{Million(Approx)}\\\\\text{Number of Unemployed Peoples} =17.67\text{Million}[/tex]

Therefore, the number of unemployed peoples are 17.67 Millions.

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At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $16,000. Instructions Journalize and post the adjusting entry for bad debts at December 31, 2020. Journalize and post to the allowance account the following events and transactions in the year 2020. March 1, a $1,900 customer balance originating in 2020 is judged uncollectible. May 1, a check for $1,900 is received from the customer whose account was written off as uncollectible on March 1. Journalize the adjusting entry for bad debts on December 31, 2020. Assume that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $2,000, and the aging schedule indicates that total estimated bad debts will be $38,300.

Answers

Answer:

a. Journal Entry

Date     Account Titles            Debit            Credit

Dec 31  Bad Debts Expense  $16,000

            Allowance for Doubtful Accounts $16,000

To record bad debts expense.

b. Journal Entries:

Date     Account Titles            Debit            Credit

Mar 1   Allowance for

           Doubtful Accounts    $1,900

            Accounts Receivable                     $1,900

To record the write-off of uncollectible account.

Date     Account Titles              Debit            Credit

May 1    Accounts Receivable $1,900

             Allowance for Doubtful Accounts  $1,900

To record the reversal of the March 1, 2020 entries.

Date     Account Titles            Debit            Credit

May 1   Cash                           $1,900

             Accounts Receivable                    $1,900

To record the receipt of check from the customer.

c. Journal Entries:

Date      Account Titles              Debit            Credit

Dec. 31  Bad Debts Expense $40,300

             Allowance for Doubtful Accounts $40,300

To record bad debts expense and bring the Allowance for Doubtful Accounts to a credit balance of $38,300.

Explanation:

a) Adjusting journal entries are necessary to ensure that the accounts are reported in accordance with the accrual concept.

Earnings of workers are typically decreased by

Answers

It’s typically decreases by the amount of other workers.

Right Hand inc.'s company structure is designed to provide focus to each distinct industry the company serves. This is an example of a __ structure.

Answers

Answer:

Product

Explanation:

The product structure is a structure that gives an overview of the product to the customers and according to the customer needs and wants the product could be customized. Also the company have to see the customer taste and preferences and modify there products from time to time so that the company could able to accomplish its sales target

Here in the question, the company focused on each and every different industry that the company serves

So this represents the product structure

The vast improvement in communications technology and globalization has caused the degree of competition many local retail businesses face to ___________.

a. fluctuate drastically
b. increase
c. decrease
d. stay the same

Answers

Answer:

b. increase

Explanation:

These changes have caused competition to greatly increase. This is mainly because with these changes anyone from around the world can provide the same services/products that a local retail business can provide while reaching customers from all over the world. Therefore, also competing with any retail brick-and-mortar business from any part of the world. Customers can easily communicate with these online businesses and purchase their products/services from the comfort of their homes and usually at a much better price.

how do you make a placement in marketing

Answers

About placement:

The process of making a product or service accessible for use or consumption by a consumer or business user, using direct means, or using indirect means with intermediaries.

Main Question:

How do you make a placement in marketing?

Answer:

Use your social media channels to reach out to industry influencers. Create awareness and interest for your products by sharing with those who may be able to do some product placement on their own channels. Prepare Press Kits.

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The efficient frontier of risky assets is
A. the portion of the investment opportunity set that lies above the global minimum variance portfolio.
B. the portion of the investment opportunity set that represents the highest standard deviations.
C. the portion of the investment opportunity set that includes the portfolios with the lowest standard deviation.
D. the set of portfolios that have zero standard deviation

Answers

Answer:

A. the portion of the investment opportunity set that lies above the global minimum variance portfolio.

Explanation:

The Efficient frontier refers to the portfolios set that involves that expected return whose return is high at the level of minimum risk so the asset that contains the high risk profile that investment opportunity set portion should be above the variance portfolio i.e. minimum globally

Therefore the correct option is a.

Assume that the risk-free rate is 2.5% and the expected return on the market is 12%. What is the required rate of return on a stock with a beta of 1.1?

Answers

Answer:

12.95%

Explanation:

Given:

Risk-free rate (rRF) = 2.5%

Expected return on the market (rm) = 12%

Stock beta (bs) = 1.1

(rRF) + (rm - rRF)(bs)

0.025 + (0.12 - 0.025) (1.1)

0.025 + 0.095 (1.1)

0.025 + 0.1045

0.1295

12.95%

Paunch Burger has a beta of 1.2 and just paid a dividend of $2.30 that is expected to grow at 3.2%. If the risk-free rate is 3% and the market risk premium is 6%, what should be the price of the stock

Answers

Answer:

P0 = $33.9085 rounded off to $33.91

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D0 * (1+g) / (r - g)

Where,  

D0 is the dividend paid  recently

D0 * (1+g) is dividend expected for the next period /year

g is the growth rate

r is the required rate of return or cost of equity

First we need to calculate the required rate of return or r using the CAPM.

Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.  

The formula for required rate of return under CAPM is,

r = rRF + Beta * rpM

Where,  

rRF is the risk free rate

rpM is the market risk premium

r = 0.03 + 1.2 * 0.06

r = 0.102 or 10.2%

Now using the formula for P0 under the constant dividend growth model,

P0 = 2.3 * (1+0.032)  /  (0.102 - 0.032)

P0 = $33.9085 rounded off to $33.91

Explain the Virtuous cycle

Answers

here you go! hope this helps!!

Both of these changes happen simultaneously in a market: the supply of good X falls and the demand for good X rises. This will result in:_______

a. an increase in both the equilibrium price and quantity in the market.
b. an increase in the equilibrium quantity and an uncertain impact on the equilibrium price
c. a decrease in both the equilibrium price and quantity in the market.
d. an increase in the equilibrium price and an uncertain impact on the equilibrium quantity.

Answers

Answer:

d.

Explanation:

This scenario will result in an increase in the equilibrium price and an uncertain impact on the equilibrium quantity. This is because when customers in a market want a product but there is very little supply exists it makes the product more valuable and thus increases the price since consumers are willing to pay more for that product to get their hands on it. Scarcity increases price always, but while the supply and demand of a product are not the same this causes an uncertain impact on the equilibrium quantity.

Suppose your firm operates in a perfectly competitive market and decides to double its output. How does this affect the firm's marginal profit?A) Marginal revenue and marginal cos inerese B) Marginal revenue increases but marginal cost remain the same. C) Marginal cost may change but marginal revenue remains the same D) Marginal revenue and marginal cost decrease

Answers

Answer: C) Marginal cost may change but marginal revenue remains the same

Explanation:

In a perfect competition the price is set by the market which means that one individual firm cannot change the price. This means that the marginal revenue for everyone is the same. If your firm decided to double its output, total revenue might change but marginal revenue will remain the same.

The marginal cost may change as well because marginal cost is unique to firms so if your firm wants to double output, it might find that it will cost more or less to produce an additional unit of a good.

Novak Corporation amended its pension plan on January 1, 2020, and granted $152,280 of prior service costs to its employees. The employees are expected to provide 1,880 service years in the future, with 330 service years in 2020. Compute prior service cost amortization for 2020. Prior service cost amortization for 2020

Answers

Answer:

26762.74

Explanation:

Prior service cost amortization for 2020 can be calculated by first calculating the average time until the employee's retirement. After calculating the average time until retirement we will divide the service cost at that time

Workings

average time until retirment  = 1880/330

average time until retirment = 5.69 years

prior service cost amortization for 2020 = $152,280/5.69

prior service cost amortization for 2020 = $26762.74

Store A uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and a standard deviation of 300. Store A purchases the product for $10 each unit and sells each for $25. Inventory is salvaged for $5. What is its maximum profit?

a. $10,500
b. $8,500
c. $7,500
d. $6,000

Answers

Answer:

c. $7,500

Explanation:

Profit Maximization is a process in which an entity determines the selling price and cost of the product that results in the highest profit.

Use following formula to calculate the maximum profit

Maximum profit = Mean demand x ( Price per unit - Cost per unit )

Where

Mean demand = 500

Price per unit = $25

Cost per unit = $10

Placing values in the formula

Maximum Profit = 500 x ( $25 - $10 )

Maximum Profit = $7,500

Southwest U's campus book store sells course packs for $15 each, the variable cost per pack is $10, fixed costs to produce the packs are $200,000, and expected annual sales are 50,000 What are the pre-tax profits from sales of course packs?A. $72,900.B. $81,000.C. $90,000.
D. $100,000.
E. $110,000.

Answers

Answer:

Pre-tax income= $50,000

Explanation:

Giving the following information:

Selling price per unit=$15 each

Unitary variable cost= $10

Fixed costs= $200,000

Sales in units= 50,000

First, we will determine the unitary contribution margin:

Unitary contribution margin= 15 - 10= $5

Now, the pre-tax income:

Pre-tax income= 50,000*5 - 200,000

Pre-tax income= $50,000

An increase in income:________. A. changes relative prices of goods the consumer buys. B. shifts the budget constraint outward. C. shifts the budget constraint inward. D. leads to the substitution effect.

Answers

Answer: B. shifts the budget constraint outward

Explanation:

An increase in the income of a consumer will bring about an outward shift of the budget constraint. This is because when the income of a consumer rises, such consumer can buy more goods and services.

Also, a decrease in income will result into an inward shift of the budget constraint. This is because lesser goods are purchased.

Total fixed costs for Diamond Enterprises are $800,000. Total costs, including both fixed and variable, are $890,000 if 120,000 units are produced. What would be the fixed cost per unit at 200,000 units?a) $4.00 per unitb) $7.42 per unitc) $4.45 per unitd) $0.45 per unit

Answers

Answer:

a. $4.00 per unit

Explanation:

Variable costs are those costs that varies with output level e.g labor cost, while fixed costs are those costs that do not change irrespective of output level. eg rent.

Given that ,

Total cost = $890,000

Total fixed cost = $800,000

Variable cost = Total cost - Total fixed cost

Variable cost = $890,000 - $800,000 = $90,000

Number of units = 200,000

Fixed cost per unit = Total fixed cost / Number of units

Fixed cost per unit = $800,000 / 200,000 = $4 per unit

the nash corp is considering four investments. Which provides the highest after-tax return for Nash corp. if it is in the

Answers

Answer:

ejrjfjfn

Explanation:

sudjfjejrjfngnv vjvkvkvk

Advantages of large group communication ?

Answers

Answer:

1: Increased output: The first and most important advantage of group work is, that it increases total productivity

2: More resources :The more member you have in a group, the resources you have at the end of the day...

3: Reliability: Project are safer with team than with individual.

4: proper decision making

5:Exposure to diversity.

Answer:

andvatage whem itsits when couple enoustryied withcouple walangjowa ble

Explanation:

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A company reported the following information for its most recent year of operation: purchases, $114,000; beginning inventory, $27,000; and cost of goods sold, $124,000. How much was the company's ending inventory?

Answers

Answer:

ending finished inventory= $17,000

Explanation:

Giving the following information:

purchases, $114,000

beginning inventory, $27,000

cost of goods sold $124,000.

To calculate the ending inventory, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

124,000 = 27,000 + 114,000 - ending finished inventory

ending finished inventory= 141,000 - 124,000

ending finished inventory= $17,000

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This site shows the occupations with the highest expected growth rates over the period 2014 - 2024. Which occupation is expected to grow at the highest percentage increase? Is this occupation also expected to have the largest increase in the number of jobs? Explain.

Answers

According to the information provided by the graph, it can be inferred that the occupation with the highest percentage of growth is wind turbine service technicians with 108.0%. While the one with the greatest increase in jobs is Home Health aides with 348.4.

How to interpret the information in the table?

In the table there are different columns and rows that organize the information. To know a specific data we must identify what each row and column corresponds to.

The columns (horizontal) correspond to the different jobs that are projected to increase in the period of time 2014 - 2024.

On the other hand, the (vertical) rows have different data such as:

Number of jobs.Change between 2014 and 2024.Average annual salary.Education required for that job.

According to this information, it can be inferred that the employment with the highest percentage of increase is that of wind turbine service technicians with 108.0%.

However, the air turbine technician job is not the one with the largest variation in job titles. The one with the greatest variation in jobs employment is Home Health aides with 348.4.

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1. The occupation that is expected to grow at the highest percentage increase between 2014 and 2024 is Wind Turbine Services (technicians) with some college education.  It has a percentage change of 108%.

2. However, this occupation is not also expected to have the largest increase in the number of jobs.

Instead, the occupation with the largest increase in the number of jobs between 2014 and 2024 is Home Health Aides (with no formal educational credential).

What is occupation?

Occupation refers to the type of work a person does to earn a living.

For example, working as a Wind Turbine Service technician is an occupation.

Other occupations include school teaching, commercial driving, nursing practice, and working as a home health aide.

Thus, the occupation that is expected to grow at the highest percentage increase is Wind Turbine Services (technicians) while the occupation with the largest increase in the number of jobs is Home Health Aides.

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Joe's Mart policy is to have 20% of the next month's sales on hand at the end of the current month. Projected sales for August, September, and October are 36,000 units, 31,000 units, and 41,000 units, respectively. How many units must be purchased in September?A. 16,000.B. 17,000.C. 22,000.D. 26,000.E. 28,000.

Answers

Answer:

the number of units purchased in September is 33,000 units

Explanation:

The computation of the number of units purchased in September is shown below:

= September sales + desired ending inventory - beginning inventory

= 31,000 + 41,000 × 20% - 31,000 × 20%

= 31,000 + 8,200 - 6,200

= 33,000 units

This is the answer but the same is not provided in the given options

hence, the number of units purchased in September is 33,000 units

We simply applied the above formula so that the correct value could come

And, the same is to be considered

What are the difference between aims and goal​

Answers

Answer:

Goal is a set target that a person wants to achieve, while Aim is the determined course a person sets to achieve a target.

Having determined that June's poor work performance is related to a lack of ability, what is the first question you should ask?A) Why does June have a poor attitude?B) Does June lack commitment?C) Does June have the resources to do the job?D) Why doesn't June try harder?

Answers

I can help u I just did this); this is sooo easy):

The Elkmont Corporation needs to raise $52.5 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. If the offer price is $21 per share and the company's underwriters charge a spread of 7.5 percent, how many shares need to be sold?

Answers

Answer:

The amount of shares need to sold is

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