Answer:
c is what i think
Explanation:
If skilled labor costs three times as much as unskilled labor, a profit-maximizing firm will vary the quantity of each type of labor used until the Group of answer choices amount of unskilled labor used is three times the quantity of skilled labor used. amount of unskilled labor used is one-third the quantity of skilled labor used. marginal product of skilled labor is one-third that of unskilled labor. marginal product of skilled labor is three times as great as that of unskilled labor.
Answer:
marginal product of skilled labor is three times as great as that of unskilled labor.
Explanation:
Labor refers to the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.
Generally, the level of productivity of a business firm or an organization would increase when the inputs such as capital, raw materials, labour, etc., decreases while output such as finished products remain the same.
Furthermore, if skilled labor such as carpenter, bricklayer, blacksmith, electrician, etc., costs three times as much as unskilled labor such as information technologist, engineering, medical doctor, etc., a profit-maximizing firm will vary the quantity of each type of labor used until the marginal product of skilled labor is three times as great as that of unskilled labor in order for it to make profits and proper use of the factors of production.
A class with 9 students went to local museum. Each student bought a general admission ticket for $10.Each special exhibit at the museum costs the same price, and 2 students bought 4 special exhibit tickets each, while 7 students bought 3 special exhibit tickets each. The total cost for the general admission tickets and the special exhibit tickets was $177.00. What is the cost, in dollars, of each special exhibit ticket?
Answer:
3
Explanation:
Total number of students = 9
Admision ticket cost = $10
Let cost of special exhibit ticket cost x
2 students ecah bought 4x
7 students each bought 3x
Admission. Cost + exhibit ticket cost = total cost
(10 * 9) + (2 * 4x) + (7 * 3x) = 177
90 + 8x + 21x = 177
29x = 177 - 90
29x = 87
x = $3
Preet just learned that he is going to be assigned for his job to Eastern Europe. The transfer is temporary. Because Preet knows that he is going to return home in a year or two, he has decided to rent out his home. He wants to make sure that someone can take care of his financial issues while he is away, particularly depositing the rent payments and paying bills. His best strategy involves naming his sister in a:
Answer: a. durable power of attorney.
Explanation:
A durable power of attorney gives a person the legal right to act on the behalf of another person such that the former will be able to handle the affairs of the latter. A durable power of attorney stays in effect even when a person is declared incapable of managing their own affairs.
It is therefore the best option for Preet here because with him being away for a little while, his sister can take care of his affairs as he is unable to do so himself and when he is back, he can simply remove his sister from the position as it is not a complicated process.
In the market for silver bracelets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping straight line. The equilibrium quantity in the market for widgets is 200 per month when there is no tax. Then a tax of $5 per bracelet is imposed. As a result, the government is able to raise $800 per month in tax revenue. We can conclude that the equilibrium quantity of bracelets has fallen by ________________.
Answer:
Equilibrium quantity falls by 200 - 160 = 40 units
Explanation:
Below is the calculation for the quantity by which the equilibrium quantity falls.
Given the equilibrium quantity = 200 per month
Tax per bracelet = $5
Total tax revenue = $800
Number of bracelet on which tax imposed = 800 / 5 = 160
Thus equilibrium quantity falls by 200 - 160 = 40 units
or any country, if the world price of zinc is higher than the domestic price of zinc without trade, that country should a.neither export nor import zinc, since that country cannot gain from trade. b.import zinc, since that country has a comparative advantage in zinc. c.neither export nor import zinc, since that country already produces zinc at a low cost compared to other countries. d.export zinc, since that country has a comparative advantage in zinc.
Answer:
D. Export zonce
Explanation:
Their domestic price is cheaper so it's a good strategy to export it in bulk numbers to make a profit. Take advantage of the price difference.
A bolt of lightning struck a tree, causing it to fall on a farmer's fence which enclosed a pasture containing the farmer's large bull. The bull escaped through the broken fence and entered the neighbor's property. It gored a hiker who was crossing the neighbor's property without permission. In the hiker's action against the farmer based on strict liability, is the hiker likely to prevail
Answer: C. No, because a bull is a domestic animal.
Explanation:
Strict liability does not apply in the case of a domestic animal that is acting out of character. The owner of such an animal is not likely to incur liabilities if they did not know that the animal was able to act as such.
So long as the farmer in this scenario did not know that the bull would gore a person, the farmer will not be held responsible for the injuries to the hiker because it was a domesticated animal that was acting abnormally.
puntos gratis para quien quiera
Answer:
✨ ¡Tysm por lo.s pun.tos gr.atis! Rlly los necesitaba.Explanation:
✨Tysm For The Fr.ee Po.ints I Rlly Needed Them✨A process costing system is employed in those situations where: Question 3 options: A) full or absorption cost approach is not employed. B) where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis. C) many different products, jobs, or batches of production are being produced each period. D) a service is performed such as in a law firm or an accounting firm.
Answer:
The correct option is option B.
Explanation:
Hence a process costing system is employed in those situations
where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis.
Cafeteria Department Cutting Department Assembly Department Janitorial Department cost allocation $155,000 $31,000 $124,000 Cafeteria Department cost allocation $243,000 $81,000 Compare the total support department costs allocated to each production department under each cost allocation method. a. Which production department is allocated the most support department costs under the direct method?
Answer: Assembly Department
Explanation:
Missing part of question is attached below.
Cutting Department
Under the direct method, the Cutting Department is allocated $62,000 of the Janitorial cost and $126,750 of the Cafeteria cost for a total of:
= 62,000 + 126,750
= $188,750
Assembly department
Allocated $248,000 of the Janitorial cost and $42,450 of Cafeteria:
= 248,000 + 42,450
= $290,450
Assembly Department is therefore the department that is allocated the most support department costs under the direct method.
Lauren had a listing agreement with Florence, a Minnesota real estate broker. After Lauren's agreement with Florence ended, she re-listed her home with Jamal and sold the property within two months. Florence is seeking compensation from Lauren because the property sold to a buyer that showed interest when the property was listed with Florence. Which of the following could allow Florence to receive compensation?
A) The buyer's name was on an open house sign-in sheet.
B) The buyer's name was on the protected list provided to Lauren 10 days after contract expiration. The contract included a three-month override clause.
C) The buyer's name was on the protected list provided to Lauren three days after contract expiration. The contract included a one-year override clause.
D) The buyer's name was on the protected list provided to Lauren two days after contract expiration. The contract included a three-month override clause.
Answer:
A
Explanation:
The efficient frontier of risky assets is Group of answer choices the portion of the investment opportunity set that lies above the global minimum variance portfolio the portion of the investment opportunity set that represents the highest standard deviations the portion of the investment opportunity set that includes the portfolios with the lowest standard deviation the set of portfolios that have zero standard deviation both the portion of the investment opportunity set that lies above the global minimum variance portfolio and the portion of the investment
Legislation defining the mission of the Federal Reserve states: "The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long-run growth of the monetary and credit aggregates commensurate with the economy's long-run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates." This is an example of a:
Answer:
Dual mandate.
Explanation:
A state legislature refers to the legislative body of each states of the federal government and are saddled with the responsibility of making or enacting laws. Thus, the state legislatures is one of the body of governance that has the power or authority to ratify (approve, confirm or give consent) a proposed amendment to the Constitution by getting three-quarter of the states to vote in support.
All states have a bicameral legislature which typically comprises of the upper chamber (Senate) and the lower chamber (House of Representatives).
Dual mandate can be defined as the functions or responsibilities that are accorded to a governmental institution by the legislature.
You manage a department of five employees. You have identified that Joe has a high need for achievement, Mary has a high need for power, and Tim has a high need for affiliation. Sarah scored high on the need for power and low on the need for affiliation. Doug scored low on both need for power and need for affiliation.
21) Which of these five employees is most likely to be suitable for a new assignment that involves a high degree of personal responsibility and feedback?
A) Joe
B) Mary
C) Tim
D) Sarah
E) Doug
Suppose a total of 2,500 students are allowed in the engineering programs at all of the colleges in a particular city. From the previous three years' record, it shows that the number of students who enroll in the entrance exam for the engineering program increases if there is an increase in the number of IT recruiters the previous year.This year there is a total of 3,200 students who have enrolled to take the entrance exam of which only up to 2,500 of those who passed would get in. Based on either the students' perspective or the college perspective, what combination of economic key concepts does the situation follow? A. Optimization and empiricism B. Equilibrium and empiricism C. Optimization and equilibrium D. Optimization, equilibrium, and empiricism
Answer:
D. Optimization, Equilibrium and Empiricism.
Explanation:
Economics is based on three key concepts which are Optimization, Equilibrium and Empiricism. Optimize is the first principle which means people will select best available option. Second important principle is that economy is always in a state of equilibrium which means if one gains the other also gets best available value. Third concept is that economists use data to make policies. The situation given in the scenario follows all the key concepts of economy.
From one year to the next, aggregate GDP rises by 2 percent and aggregate healthcare expenditures rise by5 percent. From this information we can infer that: a. The health expenditure share has fallen, because healthcare is only a small fraction of GDP. b. The health expenditure share has risen, because health expenditures have risen by more dollars than the GDP. c. The health expenditure share has risen, because health expenditures have risen by a greater percentage than the GDP. d. We have insufficient information to answer the question.
Answer: B. The health expenditure share has risen, because health expenditures have risen by more dollars than the GDP
Explanation:
The gross domestic product refers to the total amount of goods and services that a country produces.
In this case, since the aggregate GDP rises by 2 percent and the aggregate healthcare expenditures rise by 5 percent, then it can be deduced that the health expenditure share has risen, because health expenditures have risen by more dollars than the GDP.
Question 3
How do banks make money?
A. Interest Loans
B. Both service fees and interest loans
C. Service Fees
D. Embezzlement
Answer:Its B
Explanation:Banks also earn money from interest they earn by lending out money to other clients.Banks make money from service charges and fees
The wealth effect refers to the fact that
a. when the price level falls, the real value of household wealth rises, and so will consumption.
b. when income rises, consumption rises.
c. when the price level falls, the nominal value of assets rises, while the real value of assets remains
the same.
d. all of the above
Answer:
a. when the price level falls, the real value of household wealth rises, and so will consumption.
Explanation:
A wealth gap is the difference between the richest and poorest citizens living in a geographical location based on the level of their assets and net worth i.e assets minus their debts. Also, these informations about the citizens when generated by the government are typically used for formulating economic policies, plan and financial budgets.
Wealth effect is a behavioral economics theory (psychological phenomenon) which states that an increase or decrease in the value of an asset such as bonds, stocks, property, etc., would result in an increase or decrease in consumer spending respectively.
This ultimately implies that, the wealth effect refers to the fact that when the price level falls, the real value of household wealth rises, and so will consumption. Thus, it is mainly focused on examining how a change (increase or decrease) in personal wealth of a household influences (affects) economic growth and by extension consumer spending over a specific period of time.
In conclusion, when there is an overall increase in the performance of an asset, consumer spending would rise and increase ultimately.
Activity-based management (ABM) is defined as: The implementation of an activity-based costing system in a service company, such as a management consulting firm The identification and selection of activities to minimize the value of the activities while maximizing their cost from the perspective of the final consumer of the product or service. The process of identifying the cost drivers to be used in calculating the per-activity rate for each cost pool in an activity-based costing system. The identification and selection of activities to maximize the value of the activities while minimizing their cost from the perspective of the final consumer of the product or service
Answer:
The identification and selection of activities to maximize the value of the activities while minimizing their cost from the perspective of the final consumer of the product or service
Explanation:
Activity-based management (ABM) is defined as the identification and selection of activities to maximize the value of the activities while minimizing their cost from the perspective of the final consumer of the product or service
A company in California sells a computer program to auto dealers showing that car buyers should finance their purchase rather than paying cash. The program omits the effect of income taxes and misstates the interest earned on savings over the load period. The finance option always provides a net benefit for the cash option. Company employees agree that the program does mislead buyers, but say the company will "provide what (car dealers) want as long as it is not against the law." Is this practice ethical? Is this practice socially responsible?
Answer:
Unethical, but Legal
Explanation:
An action will be deemed as legal if it is performed under the dictate of the law, that is it does not violate the laid down rules and regulations of the court. However, ethical behavior could be interpreted as actions showcased during interpersonal relationships which is usually characterized by fairness, openness, probity and other actions which are morally responsible.
In the scenario described above, the action of the California company in its sale of the computer program is not illegal as it pays in the long run to finance their purchase rather pay cash as advertised,, hence, there isn't an illegal act of lying in this contest. However, the company fails to be transparent enough by concealing the effect of income tax which they feel might put customers off. This action could be deemed as Unethical as probity and openness was not adequately showcased in their dealing with their customers.
What is the difference between national income and personal income? Multiple Choice Personal taxes. National income includes income earned both in the United States and abroad, while personal income only includes that income earned within the borders of the United States. National income represents before-tax income, while personal income measures how much is available for spending after all taxes have been subtracted. National income represents income earned by American-owned resources, while personal income measures received income, whether earned or unearned.
Answer:
National income represents income earned by American-owned resources, while personal income measures received income, whether earned or unearned.
Explanation:
Cash flow can be defined as the net amount of cash and cash- equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;
1. Operating cash flow.
2. Financing cash flow.
3. Investing cash flow.
An income statement comprises of the financial information about the income and expenses of an organization over a specific period of time.
In Financial accounting, the difference between national income and personal income is that national income represents the income earned by American-owned resources such as business firms, corporations, or entities, while personal income measures received income by households, whether earned or unearned. Thus, national income refers to the overall amount of money that is earned within a particular country.
what is a benefit of obtaining a personal loan?
Answer:
you earn a large amount of money to get use immediately, only $3.99/mouth.
A benefit of obtaining a personal loan is the flexibility it offers in usage, along with fixed interest rates and repayment terms, helping individuals manage their finances effectively while potentially building their credit history.
One significant benefit of obtaining a personal loan is the flexibility it offers in terms of usage. Unlike specialized loans, such as car loans or home loans that are tied to a specific purpose, personal loans can be used for a wide range of expenses, such as consolidating high-interest debts, funding a wedding, covering medical bills, or making home improvements. This flexibility allows individuals to address their unique financial needs without restrictions.
Additionally, personal loans often have fixed interest rates and fixed repayment terms, which means borrowers can plan their budgets more effectively and have a clear timeline for paying off the loan. This stability can help individuals manage their finances better, as they know exactly how much they need to repay each month.
Moreover, personal loans can also be a useful tool for building credit history. By making timely payments on a personal loan, individuals can demonstrate their responsible borrowing behavior, which can improve their credit score over time. A good credit score opens doors to better loan options and favorable interest rates in the future.
In summary, a benefit of obtaining a personal loan is the flexibility it offers in usage, along with fixed interest rates and repayment terms, helping individuals manage their finances effectively while potentially building their credit history.
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What are goods??????
what is engineering?
Answer:
Engineering is an occupation with an extremely wide reach. The term 'engineering' covers many fields and, by extension, many skills. Engineers are scientists, inventors, designers, builders and great thinkers and improve the state of the world, expand human capability and make people's lives safer and easier.
Engineering skills include:
The scientific methodSocial, cultural and economic awareness MathematicsBiology, chemistry, physics and other areas of scienceCreativityTeamworkWhere science is involved with designs, buildings, use of engines, machines, and structures.QUESTION 26 Which of the following statements are true? A. Because coupon payments on municipal bonds are exempt from federal income tax, the expected after-tax return on them will be higher for individuals in higher income tax brackets. B. An increase in tax rates will increase the demand for municipal bonds, lowering their interest rates. C. Interest rates on municipal bonds will be lower than on comparable bonds without the tax exemption. D. All of the above are true statements. E. Only A and B are true statements
Answer:
D
Explanation:
A municipal bond is a debt instrument issued by a state or municipality to finance its capital expenditures.
Municipal bonds are usually exempt from federal income tax. This makes these bonds attractive to individuals with a high income tax bracket
If tax rate increases, investors would prefer to invest more in municipal bonds because it is exempt from tax. The increase in demand for these bonds would lead to decrease in its interest rate.
Due to tax exemption, the interest rate on municipal bonds is lower than on comparable bonds
Types of municipal bonds
General obligation bonds : these bonds are not secured by any form of asset. Instead they are backed up by the credit worthiness of the issuer.Revenue bonds : these bonds are secured by revenue from a particular project. e.g. revenue from highway tollspappelbon Enterprises recently acquired a chain of convenience stores offering both fuel and food. Pappelbon is now surprised and dismayed to find that the gas pumps have been poorly maintained and will need to be replaced at considerable expense. All of the following statements accurately reflect this EXCEPT: a. Pappelbon overpaid. b. Pappelbon did not fully evaluate the target. c. Pappelbon's management was overly focused on acquisitions. d. Pappelbon's due diligence was not fully effective.
Answer:
Pappelbon Enterprises
All of the following statements accurately reflect this EXCEPT:
c. Pappelbon's management was overly focused on acquisitions.
Explanation:
Acquisitions require effective due diligence to be performed on the target. Due diligence involves a full evaluation of the company to be acquired. The evaluation should have uncovered the poor maintenance culture of the acquiree. When it is established that many of the gas pumps would need replacement, the acquisition cost should have been reduced accordingly. These steps will also enable the management to not overpay for the acquired entity.
Tabitha shares a flea market booth with her sister. Her share of the rent is $150 per month. She is considering moving to her own, larger booth which she will not have to share with anyone. The larger booth rents for $450 per month. Recently, you ran into Tabitha in the grocery store and she tells you that she has rented the larger booth. Tabitha is as rational as any other person. You rightly concluded that
Answer: B. Tabitha figures that the additional benefit of having her own booth ( as opposed to sharing) is at least $300.
Explanation:
When Tabitha moved booths, she began to pay $450 per month. The difference between this cost and the cost she was previously paying is:
= 450 - 150
= $300
If Tabitha is paying $300 extra, it must mean that the benefit she is getting from being in her own booth is at least $300 because that would be the only way she would not be making a loss. Were the benefits anything less than $300, she would be making a loss and it would not make any sense for her to continue renting the booth.
Match each type of tax with its correct description.
Medicare tax
local income tax
federal income tax
Social Security tax
state income tax
Answer:
1. Medicare tax.
2. Local income tax.
3. Federal income tax.
4. Social Security tax.
5. State income tax.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The various type of tax with their correct description are;
1. Medicare tax: it is used to support healthcare costs for retired workers. An example is the Affordable Care Act (ACA) which became effective on the 23rd of March, 2010 and it's focused on making affordable health insurance available to qualified people or households through cost-sharing reductions and premium tax credits (subsidies).
2. Local income tax: it is collected by town, school district, counties and cities to fund city or community programs.
3. Federal income tax: it is collected from most workers, who pay up to 39.6 percent of their earnings. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
4. Social Security tax: it is used to provide financial support to retired and disabled workers. In the United States of America, the Social Security Administration (SSA) adopted the Old-Age, Survivors, and Disability Insurance (OASDI) program to support retired and disabled workers.
5. State income tax: it is collected from workers in most states to fund their budget and the rate differs from state to state.
Answer:
in the picture
Explanation:
Consider the following financial data for a company that is preparing its cash flow statement: Amortization expense $ 150,000 Cash dividends paid to common shareholders 75,000 Net income 1,500,000 Work-in-process inventory increase over the prior year 300,000 Gain on sale of equipment 50,000 Using the indirect method, cash flow from operating activities would be A. $1,300,000 B. $1,225,000 C. $1,375,000 D. $1,350,000
Answer:
A. $1,300,000
Explanation:
The computation of the cash flow from operating activities is shown below:
Net income $1,500,000
Add: Amortization expense $ 150,000
Less: increase in inventory -$300,000
less: gain on sale of equipment -$50,000
Net cash flow from operating activities $1,300,0000
Which one of the following groups of accounts only have debit balances
a. Discount Received, Stock, Purchases Return, Salaries
b. Sales Returns, Wages, Machinery, Discount Allowed
c. Wages Due, Rent, Sales Return, Discount Allowed
d. Salaries Due, Discount Received, Sales Returns, Stock
Answer: b. Sales Returns, Wages, Machinery, Discount Allowed
Explanation:
Sales returns reduce the sales made. Sales are put on the credit side so transactions that will reduce sales such as sales returns would have to go on the debit side.
Wages are an expense and expenses are debited to show they are increasing so they have a debit balance.
Machinery is an asset and assets have debit balances.
Discount allowed reduces the sales balance and as mentioned above, transactions that reduce sales go on the debit side so this has a debit balance as well.
Some service providers create (or at least predict) demand for certain outcomes, thus forming a specific target for their services. B It's important that the service provider do all that's necessary to fully understand the consumer's needs and expectations. C The levels of frankness and mutual understanding between the service provider and consumer go a long way in determining how well (or poorly) the service provider understands the consumer's desired outcomes. D An outcome is a tangible or intangible deliverable of an activity
Answer:
An outcome is a tangible or intangible deliverable of an activity.
Explanation:
The following statements should be considered true related to the outcomes
a. The service provide develop the demand for the specific result in order to create the specific target
b. The service provider need to understand what the customer need and expectations
c. The frankness level and the mutual understanding between both the parties should be there so that it checks the service provider understanding how better or worst they understand the customer needs
So the last option is considered
