If the economy has 100 workers, then the economy can produce a maximum of 500 tennis rackets.
Given, MPLT = 5 tennis rackets
MPLB = 4 baseball bats Number of workers =100
So, if the economy has 100 workers, then, 5 × 100 = 500
Hence, the economy can produce 500 tennis rackets.
There are two main sources of growth of the economy. First is the growth in the size of the workforce and second, growth in the productivity of that workforce.
Hence, either can increase the overall size of the economy but only strong productivity growth can increase per capita GDP and income.
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Jasper makes a $35,000, 90-day, 8. 5ash loan to clayborn co. jasper's entry to record the collection of the note and interest at maturity should be: (use 360 days a year. )
Jasper's entry to record the collection of the note and interest at maturity should be $35,743.75
Given
Note receivable = $35,000
Interest rate = 8.5%
Time period = 90 days
Interest revenue = Note receivable x Interest rate x Time period /360
= 35,000 x 8.5% x 90/360
= $743.75
Maturity value of note = Note receivable + Interest revenue
= 35,000+743.75
= $35,743.75
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Bea Moran wants to establish a long derivatives position in a commodity she will need to acquire in six months. Moran observes that the six-month forward price is 45.20 and the six-month futures price is 45.10. This difference most likely suggests that for this commodity:
Bea Moran wants to establish a long derivatives position in a commodity she will need to acquire in six months. Moran observes that the six-month forward price is 45.20 and the six-month futures price is 45.10. This difference most likely suggests that for this commodity: futures prices are negatively correlated with interest rates.
This is further explained below.
What are interest rates?Generally, the fraction of a loan that is charged as interest to the borrower is often stated as a yearly percentage of the loan outstanding.
"lower interest rates encourage people to spend money on house upgrades"
In conclusion, Bea Moran would want to construct a long derivatives position in a commodity that she will need to buy in a little over half a year's time. Moran notes that the price of the six-month forward contract is now at 45.20, while the price of the six-month futures contract is currently at 45.10. Because of this disparity, it is quite probable that the prices of futures contracts for this commodity have an inverse relationship with interest rates.
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F workers behave in ways consistent with standard economic models, solution(s) to principal-agent problems include:____.
If workers behave in ways consistent with standard economic models, solution(s) to principal-agent problems include financial incentives and monitoring.
Companies offer financial incentives as a type of employee perk to boost output and performance and honor accomplishments.
Employers utilize financial incentives to encourage teams and employees to perform above expectations or engage in other jobs or activities that they might not typically do.
Financial incentives are also useful rewards for recognizing when workers go above and beyond the call of duty.
Depending on the work environment and the sort of business, employers may use a variety of financial incentives.
Continuous monitoring enables the early detection of performance flaws so that corrective action can be implemented right away.
The management is aware of the employees' capacities for taking on challenges because monitoring occurs frequently.
Hence, solution(s) to principal-agent problems include financial incentives and monitoring.
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All other things being equal, the __________ substitutes for a good, the __________ the price elasticity of demand.
All other things being equal, the more substitutes for a good, the higher the price elasticity of demand. Price elasticity of demand defines how much a product's consumption changes in response to price changes.
The elasticity of a product is impacted by the accessibility of an alternative. Demand won't change as the price increases if product is necessary and there are no substitutes, making it inelastic. It is computed by subtracting the percentage change in price from the percentage change in quantity delivered. The two elasticities work together to define what products are produced and at what costs.
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If demand for a good is extremely elastic, raising the price of that good typically has what effect on total revenue?.
If demand for a good is extremely elastic, raising the price of that good typically has what effect on total revenue--- decreases
If demand is elastic at a given price level, then should a company cut its price, the percentage drop in price will result in an even larger percentage increase in the quantity sold—thus raising total revenue. However, if demand is inelastic at the original quantity level, then should the company raise its prices, the percentage increase in price will result in a smaller percentage decrease in the quantity sold—and total revenue will rise.
Demand elasticity :
Demand elasticity is the change in quantity demanded per change in a demand determinant. Although there are several demand determinants, such as consumer preferences, the main determinant with which demand elasticity is measured is the change in price. Businesses are particularly interested in price elasticity, since it measures by how much total revenue changes with the price.
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The high-income economies of the world contain approximately __________ of the world’s population and produce and consume ___________ of the world’s gdp
The high-income economies of the world contain approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.
Gross Domestic Product is a complete measure of U.S. economic activity. GDP measures the value of the very last goods and offerings produced in the u.s. (without double counting the intermediate items and services used up to provide them).
Gross domestic product is an economic measure of the market price of all of the very last goods and offerings produced in a selected term through international locations. Due to its complicated and subjective nature, this degree is regularly revised before being taken into consideration as a reliable indicator.
GDP may be calculated by means of adding up all the money spent by using consumers, agencies, and the authorities in a given duration. It may additionally be calculated by means of adding up all the money received by all of the contributors to the economy. In either case, the wide variety is an estimate of "nominal GDP."
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What are the two goals state insurance regulators attempt to accomplish? select all that apply:
The two goals state insurance regulators attempt to accomplish are to keep the price of insurance low and make sure that everyone has insurance.
What do regulators of insurance do?
A state's insurance industry is regulated by insurance authorities. They examine company operations, conduct investigations, execute punishments, and grant (and even withdraw) licenses. Protecting both insurers and the insured is the main goal of an insurance regulator.
Industry regulations are strict about preserving an insurance company's financial stability because doing so puts its clients' coverage at risk. Although statutory rules adopted by state legislatures oversee regulators, administrative adjudication, court rulings, and federal law also play a significant influence in their operations.
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When the price of oil rises unexpectedly, the equilibrium price level ________ and the unemployment rate ________ in the short run.
When the price of oil rises unexpectedly, the equilibrium price level rises and the unemployment rate rises in the short run.
What is equilibrium price?Equilibrium price refers to the meeting point of quantity of goods supplied by a producer and the customers are able to purchase the goods made available.
In other words, it is a price point where the amount of goods that are sold in the market equals the amount of demands for that goods. Here, there will be no surplus over that goods and no sellers will have to face the problem from overproduction.
In order to reach an equilibrium price, both the consumers and the producers have to believe that they're getting the maximum value every time the conduct a transaction with one another
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An organization of skilled specialists in a particular trade, such as plumbers, is a(n)?
Answer is crafts union.
Craft union, trade union integrating people who are engaged in a certain craft or talent but may work for different companies and in different regions. Craft unions were formed in Britain and the United States in the middle of the nineteenth century to raise wage levels and working conditions.
Their dominance stems from their control over the supply of trained labor, which they retain through licensing and apprenticeship systems. A local craft union tries to organize all members of its trade by using slogans such as "One craft, one union" (e.g., plumbers, bricklayers, ironworkers, carpenters etc.)
Therefore, the answer is craft union.
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Assuming you are an economically rational consumer how many bottles of water will you consume?
A rational consumer will drink water unless its want is satisfied. The term "utility" refers to the overall satisfaction or benefit gained from using a good or service. The Customers will try to maximize their utility, according to a common assumption in economic theories of rational choice.
Understanding the economic utility of a good or service is critical because it has a direct impact on demand and, consequently, price. In practice, consumer utility is typically impossible to assess or quantify. Some economists believe that by employing a variety of models, they can indirectly assess the usefulness of an economic commodity or service.
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Keynesian economists begin with the assumption that the state should regulate economic policy for everyone's benefit. Why might sociologists who use market-oriented theories be critical of this idea
Keynesian economists believe that markets without state interference lead to the best economic outcomes.
Keynesian economics includes a macroeconomic principle of total spending in the financial system and its effects on output, employment, and inflation. Keynesian economics evolved through British economist John Maynard Keynes all through the Nineteen Thirties a try and recognize first-rate despair.
Keynesian economics are the various macroeconomic theories and models of ways aggregate call for strongly affects financial output and inflation. in the Keynesian view, a combination call does not always same the productive potential of the financial system.
A Keynesian believes that aggregate call is stimulated by way of a host of financial choices—both public and private—and now and again behaves unevenly. the public selections include, most prominently, those on economic and economic (i.e., spending and tax) rules.
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What is an arrangement in which the supplier maintains title to the inventory until it is used?.
Consignment inventory is an arrangement in which the supplier maintains title to the inventory until it is used.
What exactly is consignment stock?In a supply chain arrangement known as consignment inventory, a product is sold by a retailer, but ownership is held by the supplier up until the goods are sold. Unsold goods may be returned since the retailer does not technically purchase the inventory until it has been sold. The consignment model frequently sells seasonal, perishable, or pre-owned goods.
Because suppliers are not paid until shops sell their inventory, consignment inventory models can be dangerous for them. However, the supplier's ability to get their product in front of more potential clients is a significant advantage.
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Discuss brokerage commission calculations, including any differences between listing and procuring brokers, calculations for different property types and variations between different markets.
Divide the average sale fee via the average square photos to calculate the common price of all properties consistent with rectangular feet.
Multiply the commission price via your house's asking fee. for example, if paying a 6-percent fee on a $2 hundred,000 sale fee, multiply zero.06 via two hundred,000. The result is 12,000, or a $12,000 commission to sell your house.
Whilst a consumer can pay a fee to shop for or promote protection, it gets broken up between the brokerage organization and the fee broking. typically, agents who execute extra trades acquire a bigger proportion of commission from their brokerage corporation.
There are 5 major strategies used whilst carrying out a property evaluation: the contrast, profits, residual, contractors, and that investment. An assets valuer can use certainly one extra of these techniques whilst calculating the marketplace or apartment price of a property.
A brokerage agency's number one responsibility is to act as an intermediary who assists or represents shoppers and dealers within the transaction method. A broking who owns a brokerage employs other actual estate agents to work under them. brokers are capable of overseeing more technical elements of real property transactions.
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And aisha have a relationship where they both want to share their thoughts and actions with each other. according to sternberg (2006), their relationship is high in?
According to Sternberg (2006), their relationship is high in intimacy.
Option A. intimacy.
In Sternberg's trinity theory of (successful) intellect, intelligent behavior arises from a balance of analytical, creative, and practical skills that collectively function to enable individuals to perform well in specific socio-cultural situations. We claim to be successful.
Intimacy in a relationship is a feeling of closeness and emotional connection and support. It means that we can share different thoughts, feelings, and experiences that we have as human beings. It's about being open, speaking your thoughts and feelings, letting your guard down (being vulnerable), and showing others your feelings, hopes, and dreams.
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Your question is incomplete. please read below to find the full content.
Steve and Aisha have a relationship where they both want to share their thoughts and actions with each other. According to Sternberg (2006), their relationship is high in
a. intimacy.
b. commitment.
c. passion.
d. infatuation
The _____________________________ affects location decisions because of its influence on transportation costs.
The product's value-to-weight ratio affects location decisions because of its influence on transportation costs.
The product's value-to-weight ratio is a measure of the monetary value a product has per kilogram or pound. This is an important measure which is used in supply chain design and strategy.
One of the product features affecting location decisions is the product's value-to-weight ratio because of its influence on transportation costs. Many electronic components and pharmaceuticals have high value-to-weight ratios, as they are expensive and they do not weigh very much.
Hence, the value to weight ratio of a product is a measure of the monetary value a product has per kilogram or pound.
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According to follett, in _______, neither side gets exactly everything it wants, and the best each side can do is obtain a result that each can agree too.
According to follett, in a compromise neither side gets exactly everything it wants, and the best each side can do is obtain a result that each can agree too. Through its subsidiaries, the Westchester, Illinois-based Follett Corporation offers a range of educational products to schools, colleges, and public libraries.
The Charles M. Barnes established a secondhand bookshop in his Wheaton, Illinois, home in 1873, and that is how Follett Corporation was born. Three years later, Barnes relocated his company to Chicago and changed its name to C. M. Barnes & Company before setting up shop at 23 the LaSalle Street.
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Andy has a credit rating of 800, and mia has a credit rating of 585. they both apply for the same loan amount from newton bank. the bank approves andy’s loan at 6.5%, and mia is charged 4 percentage points more because of her lower credit rating. what interest rate does mia have to pay?
10% interest rate to be paid by Mia.
What do interest rates mean?An interest rate indicates how expensive borrowing is or how lucrative saving is. Therefore, if you are a borrower, the interest rate is the sum you pay for borrowing money and is expressed as a percentage of the overall loan amount.The basic interest formula is as follows, for instance, if you take out a $20,000 loan with a five-year term and a 5% interest rate: $5,000 in interest results from multiplying $20,000 by.05 by 5.The nominal interest rate, the effective interest rate, and the real interest rate are the three primary categories of interest rates. The declared rate on which interest payments are computed is the nominal interest on an investment or loan.10% interest rate to be paid by Mia.
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______ risk is reduced as more securities are added to the portfolio.
a. idiosyncratic
b. unsystematic
c. market
d. unique systematic
Unsystematic risk is reduced as more securities are added to the portfolio.
The answer is option B.
Different examples of unsystematic risks may additionally include moves, effects of prison court cases, or herbal failures. This threat is also referred to as a diversifiable risk when you consider that it could be eliminated by means of sufficiently diversifying a portfolio.
While the systematic threat may be the notion because the opportunity of a loss this is related to the entire market or a section thereof, unsystematic risk refers back to the probability of a loss inside a specific industry or security.
Because of market efficiency, you will no longer be compensated for extra risks arising from failure to diversify your portfolio.” reducing a portfolio's systematic risk is performed with the aid of lowering inventory publicity or with the aid of which include other asset categories, such as commodities, high-quality bonds, CDs, or fixed-price annuities.
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What did the retail store target do differently than its competitors who were still watching the local paper for life events such as graduations and baby announcements?
target used purchasing patterns to reliably predict life events and send targeted coupons to customers
What is purchasing?Purchasing is the process by which a company or organization acquires goods or services in order to achieve its objectives. Although numerous organizations seek to establish standards in the purchasing process, practices can vary widely amongst firms.
The major objectives of purchasing are to ensure continuous supplies of raw materials at the lowest total cost, increase the quality of final items produced, and optimize customer happiness.
The purchasing cycle, also known as the procurement cycle or procure-to-pay (P2P), is the process of ordering, obtaining, and paying for the goods and services required by your firm.
The total cost of the item(s) or service acquired, including taxes, shipping expenses, and other fees and contingencies, is referred to as the purchase cost.
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Sean is a monopolist who operates a business rigging tablets to run twice as fast as the original specifications. If sean charges $40, he would have 10 customers, but if he lowers the price to $37, he would have 11 customers. What is the marginal revenue of the 11th customer?.
The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407) How a monopolist maximizes profits
How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?
The monopolist will select the profit-maximizing level of output where
MR = MC
and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.
How a monopolist maximizes profits
Because Chuck, a sole commercial airplane operator in small isolated town, has no competition, he has complete control of market price of air travel in his small tone
Reduced price → increase in ticket sales
Monopoly maximizes profit by choosing an amount of profit in which marginal revenue equals marginal cost (MR= MC) Since Chuck must reduce his price to sell more units, he has an incentive to sell a smaller quantity than a perfective competitive company
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Roger, an office worker, seems like an intelligent and good-natured man. His team members enjoy working with him. However, with time, they realize that Roger does not hesitate to manipulate people to get whatever he wants. In fact, he can be particularly charming when he wants someone to take the blame for his mistakes. He causes several team members to be unfairly fired but he does not have the slightest regret. Roger most likely has
Given the personality and the way that Roger has been described in the question we have here, it can be concluded that he has multiple Personality Disorder.
What is the Borderline Personality Disorder?This is the term that is used to refer to a type of mental health disorder. It is one where the person that is involved man not have issues with the manipulation of other people they have around them.
This shows in the fact that he has no issues in making people to take the fall for the issues that he creates. Then he is also pleasing at times and would be a different person at other times.
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A written document that describes a company and makes projections over a five-year period is a _______________. business plan demographic personal budget written plan submitnext
A written document that describes a company and makes projections over a five-year period is a business plan.
A business plan is a written document that describes in great depth the goals and objectives of a company. A business plan outlines a documented strategy for the company's operations, finances, and marketing. Business plans are used by both new and established businesses.
A business plan is a crucial document intended for both internal and external audiences of a company. For instance, before a business has built a solid track record, a business plan is utilized to entice investment. Securing financing from financial entities might also be beneficial.
A business plan can also help a company's executive team stay on the same page with regard to key action items and on track to achieve set objectives.
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The socioeconomic view of social responsibility is that a for-profit organization's responsibility is ________.
The socioeconomic view of social responsibility is that a for-profit organization's responsibility is to maximize both profits and the general welfare
The social science of socioeconomics, commonly referred to as social economics, examines how social processes influence and are changed by economic activity. In general, it examines how the local, regional, or global economy affects how modern societies advance, remain stationary, or regress.
The use of economics to research society is referred to as "social economics" or socioeconomics in a wide sense. More specifically, modern practice takes into account the development of social norms as well as behavioral interactions of people and groups through social capital and social "markets" (not excluding, for example, sorting by marriage). In terms of how economics and social values interact.
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What is the beta for stock a if the covariance between stock a and the market is 1.5 and the variance of the market is 2.5?
The beta for stock A if the covariance between stock a and the market is 1.5 and the variance of the market is 2.5 is 0.6.
What is beta?
Compared to the market as a whole, a security's or portfolio's beta () represents how volatile or systematic risky it is (usually the S&P 500). A stock is considered to be more volatile than the S&P 500 if its beta is higher than 1.0.
The capital asset pricing model (CAPM), which explains how systematic risk and expected return on assets relate to one another, uses beta (usually stocks). Taking into account both the risk of the assets and the cost of capital, the CAPM is a frequently used method for pricing hazardous securities and for estimating projected returns on investments.
Rationale:
1.5/2.5 = 0.6.
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Which data collection method might enable the practitioner to learn more about communication patterns, leadership issues, or ineffective conflict resolution strategies in the team?
Data collection method which enables the practitioner to learn more about communication patterns, leadership issues, or ineffective conflict resolution strategies in the team is observation.
Observation is way of gathering data by watching the different behavior, events, or by noting the physical characteristics in their natural setting.
Observations can be overt , the technique in which everyone knows they are being observed or it can be covert in which no one knows they are being observed and the observer is concealed.
The benefit of covert observation is that people are more felt to be behaving naturally if they do not know they are being observed. However, observer will typically need to conduct overt observations because of ethical problems related to concealing his observations.
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A likely outcome from taxing the rich at a high percentage in order to ________ income, would be discouraged entrepreneurship and work
A likely outcome of taxing the rich at a high percentage in order to redistribute income would be discouraged entrepreneurship and work.
Redistribution of income and wealth is the switch of earnings and wealth (which includes bodily property) from a few individuals to others through a social mechanism together with taxation, welfare, public services, land reform, monetary rules, confiscation, divorce, or tort law.
Income redistribution will lower poverty by way of lowering inequality if completed properly. However, it may not boost up the increase in any most important way, besides possibly by way of lowering social tensions springing up from inequality and allowing terrible human beings to devote more sources to human and physical asset accumulation.
Governments can play a position in growing or lowering profits inequality through taxes (e.g. tax exemptions) and transfers (e.g. allowances or subsidies). The Gini coefficient is the usual degree of inequality representing the earnings distribution of the populace within a given country.
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Which organizational pattern works best when readers want to get to key information as soon as possible?
When readers want to get to key information as soon as possible the organizational pattern that will work best is more important to less important.
What is an organizational pattern?
A process that provides assistance in the structuring and organizing of the ideas, thoughts, and speech along with the optimal impact, that will also help in its presentation is the organizational pattern
There must be enough security and proper as well as effective link between communication and logical organization. This must be secured between both the sender and the receiver.
Thus, for getting the key information as soon as possible, the more important the less important pattern will work best.
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A buyer has the right to buy a property at an agreed price within the next six months. This is a(n)?
An option contract is when a buyer has the right to buy a property at an agreed price within the next six months or within the stated time period.
A real estate option contract is, in its most basic sense, a specially created contract that only exists between the seller and the buyer. In this contract, the seller grants the buyer the option to acquire the property at a set price and within a specified time frame.
To put it another way, an option contract is a specific contract that grants a buyer the sole right to buy a certain piece of real estate. What about this arrangement most interests you? Once this option is active, the seller of the property is prohibited from making any other offers on it until the predetermined time period has passed.
Under an option contract, the buyer has the choice to buy the property, but they are in no way required to do so.
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Entrepreneurs must make sense of complex information and make decisions about how to invest their time, effort, and other resources. Consequently, it is important to understand that.
Entrepreneurs must make sense of complex information and make decisions about how to invest their time, effort, and other resources. Consequently, it is important to understand that good entrepreneurs must be good judges!
Who is Entrepreneur?An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur. Entrepreneurship is the practice of starting a business.The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods.Entrepreneurs are essential to any economy because they have the knowledge and drive to foresee requirements and sell viable new ideas.Entrepreneurship that succeeds in assuming the risks involved in founding a firm is rewarded with money, notoriety, and chances for future growth. Failure in entrepreneurship leads in losses and diminished market presence for individuals engaged.To know more about entrepreneur with the given link https://brainly.com/question/13897585
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If a perfume store currently sells perfume for $30 a bottle and averages $2000 sales per month, what sales might they anticipate if they raise the price to $40 a bottle?
Previously, the perfume cost was $30 per bottle if they raise to $40 and sales of $2000 at $30. when the prices increase the demand decrease, so let the elasticity of demand is 1, which means its unitary elastic. So sales decrease proportionally means it will decrease to 1500.
Problem-solving is the act of defining a trouble; determining the reason of the trouble; identifying, prioritizing, and deciding on alternatives for a solution; and implementing a solution. The trouble-fixing system.
Problem-solving starts with figuring out the issue. as an instance, a trainer may need to determine out how to improve scholar performance on a writing proficiency take a look at. To do that, the trainer will evaluation the writing exams looking for areas of development.
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