Each extra worker produces an extra unit of output up to six workers. After six, no additional output is produced. Draw the total product of labor, average product of labor, and marginal product of labor curves.

Answers

Answer 1

Answer:

attached is the diagram

Explanation:

Each extra worker produces an extra unit of output, is said to be the marginal production of an extra worker employed

marginal production  :

change in total production / change in labor = ΔTp / ΔL

Average production = Tp / L

Tp = total production ,  L = number of labor

To draw the Total product of labor , average product labor and marginal product labor curves starting from zero labor

0 worker : Total product = 0, average product labor = 0 , marginal = 0

1 worker : Total product = 1, average product = 1 , marginal = 0

2 worker : Total product = 2, average product = 1, marginal = 1

3 workers: total product = 3 average product = 1, marginal = 1

4 workers: Total product = 4, average product = 1, marginal = 1

5 workers : Total product = 5 average product = 1, marginal = 1

6 workers : total product = 6 average product = 1 , marginal = 1

7 workers : total product = 7 , average product = 0.85, marginal = 0

8 workers : total product = 8, average product = 0.75 marginal = 0

Each Extra Worker Produces An Extra Unit Of Output Up To Six Workers. After Six, No Additional Output

Related Questions

We are evaluating a project that costs $874,800, has a nine-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 85,000 units per year. Price per unit is $55, variable cost per unit is $39, and fixed costs are $765,000 per year. The tax rate is 24 percent, and we require a return of 11 percent on this project. Suppose the projections given for price, quantity, variable costs, and fixed costs are all accurate to within ±10 percent.

Calculate the best-case and worst-case NPV figures

Answers

Answer:

best case scenario:

project outlay = $874,800

yearly cash flows:

projected sales = 85,000 x 110% = 93,500sales price = $55 x 110% = $60.50variable costs = $39 x 90% = $35.10fixed costs = $765,000 x 90% = $688,500depreciation costs = $874,800 / 9 = $97,200tax rate = 24%

yearly cash flows = {[(93,500 x $60.50) - (93,500 x $35.10) - $688,500 - $97,200] x (1 - 24%)} + $97,200 = $1,304,992

using a financial calculator, NPV = $6,351,002.73

worst case scenario:

project outlay = $874,800

yearly cash flows:

projected sales = 85,000 x 90% = 76,500sales price = $55 x 90% = $49.50variable costs = $39 x 110% = $42.90fixed costs = $765,000 x 110% = $841,500depreciation costs = $874,800 / 9 = $97,200tax rate = 24%

yearly cash flows = {[(76,500 x $49.50) - (76,500 x $42.90) - $841,500 - $97,200] x (1 - 24%)} + $97,200 = -$232,488

using a financial calculator, NPV = -$2,071,211.79

Tom Company reports the following data.

Sales $385,187
Variable costs 200,887
Fixed costs 87,300

Required:
Determine Tom Company's operating leverage. Round your answer to one decimal place.

Answers

Answer: 1.9

Explanation:

The Operating Leverage is calculated by;

Operating leverage = Contribution margin / Operating income

Contribution Margin

= Sales - Variable Costs

= 385,187 - 200,887

= $184,300‬

Operating Income

= Contribution Margin - Fixed Costs

= 184,300 - 87,300

= $97,000

Operating Leverage = 184,300‬/ 97,000

= 1.9

Which of the following terms pertains to registration with the Administrator of a mutual fund, closed-end investment company, or unit investment trust that is registered under the Securities Act of 1933 and also registered as an investment company under the Investment Company Act of 1940?

a. Qualification
b. Prevarication
c. Coordination
d. Notice filing

Answers

Answer: Notice filing

Explanation:

The term that pertains to registration with the Administrator of a mutual fund, closed-end investment company, or unit investment trust that is registered under the Securities Act of 1933 and also registered as an investment company under the Investment Company Act of 1940 is the notice filing.

It should be noted that federal covered securities are exempted from State registration and thereby a notice filing may be required.

Your portfolio has a beta of 1.60. The portfolio consists of 16 percent U.S. Treasury bills, 36 percent Stock A, and 48 percent Stock B. Stock A has a risk level equivalent to that of the overall market. What is the beta of Stock B?

Answers

Answer: 2.58

Explanation:

Portfolio beta of 1.60 is weighted average of all the constituent betas.

US Treasury bills are riskless so beta is 0

Stock A has market risk so beta is 1.

1.60 = (0.16 * 0) + ( 0.36 * 1) + ( 0.48 * b)

1.60 = 0.36 + 0.48b

0.48b = 1.24

b = 2.58

DPMO stands for:______
a) Defects Per Million Opportunity
b) Defectives Per Million Opportunity
c) Data Per Million Opportunity
d) all of the above
e) none of the above

Answers

Answer:

a) Defects Per Million Opportunity

Explanation:

DPMO is an acronym which stands for Defects Per Million Opportunity. Defects per Million Opportunities refers to a standard metric which represents the number of defects in a process per one million opportunities.

In order to calculate the DPMO, we divide the number of defects by the number of opportunities and then multiply by a million.

Additionally, when a quality characteristics or properties do not tally with a standard or specifications it is generally referred to as a defect.

Hence, in a six sigma approach to quality or level of performance, the defects per million opportunities (DPMO) is 3.4.

A German firm that manufactures precision scientific instruments has built a new factory in Nebraska on property that it has leased. It has hired German scientists and engineers as well as German technicians to work at the plant. The firm received tax benefits and other economic incentives from Nebraska in order to build this new plant. This is an example of a/an franchising venture. turnkey project. greenfield venture. international acquisition.

Answers

Answer:

greenfield venture.

Explanation:

The greenfield venture is the venture is a type of foreign direct investment i.e. FDI in which the investment is made either by an individual, firm or company in the other country. In this the business is developed from the initial stage also it has the highest controlling power. Also to set up the business in other countries, various benefits are provided that are in terms of discount, commission, subsidies, tax benefits

Therefore the given situation represents the green field venture example

XARA is a newly emerging wine company. After extensive market research, XARA divides its market into wine enthusiasts, casual drinkers and restaurants. Each category has its own needs, traits and marketing goals. In this scenario, XARA has engaged in market _________.

Answers

Answer: segmentation

Explanation:

Market segmentation is when a business market that is made up of different customers is being divided, into smaller groups or segments based on some characteristics.

From the question, we are informed that XARA is a newly emerging wine company. After extensive market research, XARA divides its market into wine enthusiasts, casual drinkers and restaurants. Each category has its own needs, traits and marketing goals. In this scenario, XARA is using market segmentation.

Market research is a systematic attempt to acquire data about target markets and customers: learn everything you can about them, starting with their names. It is considered as the crucial part of business strategy.

XARA is a newly emerging wine company. After extensive market research, XARA divides its market into wine enthusiasts, casual drinkers and restaurants. Each category has its own needs, traits and marketing goals. In this scenario, XARA is using market segmentation.

Market segmentation is when a business market that is made up of different customers is being divided, into smaller groups or segments based on some characteristics.

To know more about Market, refer to the link:

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When work activities are too complex to standardize through extensive training for employees, companies need to coordinate work effort through precise job descriptions. Group of answer choices True False

Answers

Answer: False

Explanation:

The idea that when work activities are too complex to standardize through extensive training for employees, companies need to coordinate work effort through precise job descriptions is wrong.

Rather, When work activities are too complex to standardize through the goals or the processes, what such companies due to coordinate woke activities is by training their employees or hiring people that have previous knowledge on the work.

Jonas doesn't want to keep his savings in an account because he doesn't want to pay bank fees. Which of the following is an argument against Jonas's thinking? Cash allows people to live in the moment. It is better to have cash for emergencies. Money is safer in the bank. The cost of living is increasing yearly.

Answers

The correct answer is C. Money is safer in the bank.

Explanation:

The main point or position of Jonas is that savings should be kept in an account due to the costs associated with this. In this context, the only argument that refutes Jonas' position and it is directly related to the main point of Jonas is "Money is safer in the bank" because even if keeping savings in a bank requires to pay fees this guarantees the money will be safe, which does not occur if Jonas keeps his savings at home. Moreover, the safety factor makes the option of the bank better, which refutes Jonas position.

Answer:

Money is safer in the bank.

Explanation:

Problem 14-15 Finding the WACC [LO3] You are given the following information for Watson Power Co. Assume the company’s tax rate is 21 percent. Debt: 16,000 6.5 percent coupon bonds outstanding, $1,000 par value, 27 years to maturity, selling for 105 percent of par; the bonds make semiannual payments. Common stock: 490,000 shares outstanding, selling for $67 per share; the beta is 1.18. Preferred stock: 21,500 shares of 4.3 percent preferred stock outstanding, currently selling for $88 per share. The par value is $100 per share. Market: 6 percent market risk premium and 5.4 percent risk-free rate. What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

Answer:

The company's WACC is 9.71%.

Explanation:

Note: See the attached excel file for the computation of company's Weighted Average Cost of Capital (WACC).

The weighted average cost of capital (WACC) can be described as the rate that is expected to be paid on average by a company to all holders of its securities to finance the assets of the company.

The following formula are used in the excel file to compute the WACC of the company.

Cost of debt = Type this function that is used in the excel sheet “=Rate(Number of years * 2,((Coupon rate/2)*Par value),-Selling price),Par value)*2*(1 -  Tax rate)”. That is, type “=RATE(27*2,((6.5%/2)*1000),-1080,1000)*2*(1-21%)” in the excel file and press enter. This gives 4.83420280657156%

Note: Make sure you note all the commas and signs in the cost of debt function.

Cost of Common stock/equity using CAMP = Risk-free rate + (Beta * Market risk premium) = 5.4% + (1.18 * 6%) = 12.48%

Cost of preferred stock = (Par value * Dividend rate) / Current price = ($100 * 4.3%) / 88 = 0.0488636363636364’ or 4.88636363636364%

​Barron, Inc. sold goods for on account. The company operates in a state that imposes a ​% sales tax. What is the amount of the sales tax payable to the​ state

Answers

Answer: A. $96,855

Explanation:

Sales taxes are a form of revenue for Government and are paid on certain goods and services.

The formula is;

Sales tax payable = Goods sold * Sales Tax rate

= 880,500 * 0.11

= $‭96,855‬

Next week, Mortimer is preparing to go to work for the Illinois department of Child Services. He was surprised when his friends told him that he was going to have to pay one percent of his salary to the union that represents the unionized workers that would include Mortimer, whether he joined the union or not - a so-called agency fee to prevent 'free riders'. This was for services provided to Mortimer, including collective bargaining and grievance representation. Mortimer was shocked - no one had told him about this! What advice would you provide to Mortimer?

Answers

Answer:

The implication is that the Illinois Department of Child Services is a unionized workplace.

Mortimer will derive better benefits that surpass the costs of membership.  He is covered in all collective bargains, even when he resigns his union membership.  Unions negotiate for better working conditions, higher pays, and improved benefits.

When Mortimer has any grievance against the department, the union will also represent him, thereby making his life easier since unions can negotiate better with employers than individual workers.

Mortimer is even lucky to find a job at a unionized workplace because the jobs are not usually advertised as union members easily bring in their relatives and friends to occupy such vacancies.

Explanation:

Most of the disadvantages that Mortimer should complain about unions are disadvantages to the employer and not to him as an individual worker.  For the employer, the union acts as a form of monopoly that can decide whether the workers would work or not.  The unionized workers are not easy to replace with other workers.

When a deliverable arrived, Craig met with the team member responsible
for ordering the deliverable to confirm it was the correct model and size.


Which of the following project elements was Craig monitoring in this scenario?

a. Budget
b. Schedule
c. Scope
d. Risk

Answers

Answer:

Project Element Craig Monitored in this scenario:

d. Risk

Explanation:

The element of the project that Craig monitored ensures that the deliverable conforms with the correct model and size because there is the risk that this could not conform if a deliverable was not not checked with the team member who ordered the deliverable.  Since higher risks of deliverables not conforming to model and size would render the whole project unsuccessful, Craig has to meet with the team member responsible.  In order words, the meeting between Craig and the team member for confirmation of correct model and size eliminates the risks of non-conformance.

In the example above when deliverable came and Craig met with the team member for ordering confirming whether the model and size was correct, Craig was monitoring Risk. So the correct option is D.

Risk refers to the possibility chances that the desired or the expected result will be obtained from the activities that are undertaken. Risk is directly related to the reward of such activity.

In the example above where Craig confirms whether the model and size of goods arrived were correct with the help of the team member who ordered such deliverable, risk was being monitored.

In this case the risk can be denoted by value of 1 as the chances of getting the correct model and size are equal with chances of getting the incorrect model and size. Risk can be denoted by beta .

[tex]\rm Risk = \beta[/tex]

Monitoring of risk is an important aspect so as to ensure whether the activities undertaken for the benefit of the business are standing true to their efforts or not.

Hence, the correct option is D that Craig was monitoring risk by checking the deliverable was correct in terms of model and size with the help of a team member.

To know more about risk monitoring, click the link below.

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Irene’s Dairy is deciding whether or not to enter the market for ice cream, currently monopolized by Mattie’s Ice-cream. If it enters the market, Mattie’s can either accommodate him and share his 10million in profits equally with Irene or fight him and cause a 5million loss for each in a price war.​ ​Given that Mattie could convincingly threatens to always fight, what would be Irene’s best response Group of answer choices

Answers

Group of answer choices:

Given that Mattie could convincingly threaten to always fight, what would be Irene’s best response  

a.   Not Enter

b.   Run

c.  ​ Hide  

d.  ​ Enter

Answer:

Given that Mattie could convincingly threaten to always fight, Irene's best response would be:

d.  ​ Enter

Explanation:

Irene Dairy should enter the market despite Mattie's threat to always fight.  If Irene Dairy does not enter the market out of fear of Mattie's threat to fight, other firms are likely to enter and share the market with Mattie.  Mattie should never be given the privileges of a monopolist. Irene Dairy should ensure that its ice creams are of higher quality and sustain the fight with Mattie, which cannot forever shed its profits in the name of fighting a competitor.

A self-employed client has an annual income of $200,000 and is in a high tax bracket. He is not covered by a retirement plan and would like to make the maximum contribution to one to reduce his taxable income. He believes that he will be in a lower tax bracket once he retires. The BEST recommendation is to contribute to a:

Answers

Answer:

Simplified Employee Pension IRA (SEP)

Explanation:

Simplified employee pension IRA is most suitable for this client because it is easy to set up and operate. Most importantly it requires a maximum of 20% of the contributor's income. The amount required is capped at $54,000.

In this case 20% of the employee's income is 0.20 * 200,000 = $40,000

So this is a right fit.

Roth IRA will not work because maximum contribution is $5,500

Traditional IRA will also not work because it requires a maximum contribution of $5,500 or when it is a 401(k) plan a maximum of $18,000. It is also expensive to set up and operate as it is designed for big companies.

There is a 3 percent defect rate at a specific point in a production process. If an inspector is placed at this point, all the defects can be detected and eliminated. The inspector would cost $8 per hour and could inspect units in the process at the current production rate of 30 per hour. If no inspector is hired and defects are allowed to pass this point, there is a cost of $10 per defective unit to correct the defects later on. Assume that the line will operate at the same rate (i.e., the current production rate) regardless of whether the inspector is hired or not. a. If an inspector is hired, what will be the inspection cost per unit? (Round your answer to 3 decimal places.) Cost per unit $ b. If an inspector is not hired, what will be the defective cost per unit? (Round your answer to 3 decimal places.) Cost per unit $ c. Should an inspector be hired based on costs alone? Yes No

Answers

Answer:

1a. $2.67 cost per unit

1b. $0.3 cost per unit

1c. Yes

Explanation:

1a. Calculation for what will be the inspection cost per unit If an inspector is hired

The following details were given in the question.

Defective average =3/100= 0.03

inspection rate = 30 per hour

Cost of inspector = 8 per hour

Correction cost = $10 each

Using this formula

Hired inspector =Cost per hour/Current production rate per hour

Let plug in the formula

Hired inspector=8 per hour/30 rate per hour

Hired inspector =0.267×100

Hired inspector=$2.67 cost per unit

1b. Calculation for what will be the defective cost per unit If an inspector is not hired

Using this Formula

No inspector=Defect rate %/Cost per defective

Let plug in the formula

No inspector= 3/100×$10

No inspector= $0.3 cost per unit

1c. Based on the above calculation the inspector should be hired.

Harvey’s Hardware is thinking about starting a line of lawnmowers to serve its customer base in the summer. The lawnmowers would be priced at $100 and Harvey the manager believes that they would sell 3 units. They have the following estimated costs.
Units Produced Labor Cost Total cost
0 0 100
1 50 150
2 100 200
3 200 300
4 350 450
What is the marginal cost of producing the third unit?​
a. ​$400
b. ​$300
c. ​$200
d. $100

Answers

Answer:

Harvey's Hardware

Marginal cost of producing the third lawnmowers:

d. $100

Explanation:

Harvey's marginal cost for producing the third unit of lawnmowers is the additional cost that resulted when the total cost increased from $200 to  $300.  However, it can be deciphered from the case that the marginal cost for Harvey, which it is supposed to be  a variable cost, is traceable to the direct labor costs.  This implies that the fixed cost element for Harvey in the production of the lawnmowers has been relatively fixed at $100.  It does not vary with the volume of production, while the direct labor costs vary with the volume of lawnmowers produced by Harvey.

the lower the discount rate to the federal funds rate the more likely a commercial bank will brrow from

Answers

Answer: the fed rather than borrowing from another commercial bank.

Explanation:

Based on the question, if there is a scenario whereby the discount rate to the federal funds rate is lower, the logical thing to do is to borrow from the fed rather than borrowing from another commercial bank.

This is because borrowing from fed rather than borrowing from another commercial bank mean that there's less risk attached.

Which of these does NOT describe a friction that might prevent firms from choosing the optimal level of capital? A. Making too big of a change can be more expensive than making a few smaller changes. B. A firm might not be able to borrow enough to pay for the investments it wants to make. C. The firm likes its workers and doesn’t want to replace some jobs with machinery. D. Some capital is very specialized and cannot be re-sold in cases of economic downturns.

Answers

Answer:

C. The firm likes its workers and doesn’t want to replace some jobs with machinery.

Explanation:

Optimal level of capital simply refers to an ideal strategy used by a firm to raise capital. For example, a firm may decide between debt financing or equity financing, depending on the company's desired level of capital.

So, an already operational firm with that likes its workers and doesn’t want to replace some jobs with machinery has no direct relationship with its level of capital.

Too Young, Inc., has a bond outstanding with a coupon rate of 7 percent and semiannual payments. The bond currently sells for $951 and matures in 23 years. The par value is $1,000. What is the company's pretax cost of debt?

Answers

Answer:

The company's pretax cost of debt is 7.45 %.

Explanation:

When it comes to bonds, the cost of debt is the required return on the bond known as the Yield to Maturity (YTM) of the bond.

The Yield to Maturity (YTM) of the bond can be determined as follows :

N = 23 × 2 = 46

PV = $951

Pmt = ($1,000 × 7 %) ÷ 2 = - $35

P/YR = 2

FV = - $1,000

YTM = ?

Using a Financial Calculator, the Yield to Maturity (YTM) of the bond is 7.4484 or 7.45 %

Therefore,

The company's pretax cost of debt is 7.45 %.

Consider the WACC formula, if the required rate of return on preferred stock increases, holding all else equal, the WACC increases.
a) true
b) false

Answers

Answer: True

Explanation:

The Weighted Average Cost of Capital (WACC) calculates the cost of capital to a company for the means of capital it uses to finance operations. It is based on the cost and the weight of the various capital types.

Formula is;

= Cost of Equity * %Equity + Cost of debt * %Debt * ( 1 - Tax rate) + Cost of Preferred Stock * %Preferred stock

The required rate of return on preferred stock is the same as the Cost of Preferred Stock. From the formula it is shown that if this rate increases, holding all else equal, total WACC will increase.

If a project has a cost of $10,000, expected net cash flows of $1500 a year for 12 years and you use a discount rate of 6%,
1. What is the following:
a. Payback period (no application of discount rate)
b. Payback period (using discount rate)
c. NPV
d. IRR
2. Should the project be accepted?
3. If another project has a cost of $10,000 and has expected life of 8 years and it will generate $3000 a year should you accept the project if your boss says the cost of capital is 5%?

Answers

Answer:

1a, 6.67 years

b. 8.9 years

c. NPV = $2,575.77

d. IRR = 10.45%

2. it should be accepted

3. it should be accepted.

Explanation:

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows

Payback period = $10,000 / $1500 = 6.67 years

Discounted payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative discounted cash flows

discounted cash flow in year 1 = $1500 / 1.06 = $1415.09

discounted cash flow in year 2 = $1500 / 1.06^2 = $1,334.99

discounted cash flow in year 3 = $1500 / 1.06^3 = $1,259.43

discounted cash flow in year 4 = $1500 / 1.06^4  = $1,188.14

discounted cash flow in year 5 = $1500 / 1.06 ^5 = $1,120.89

discounted cash flow in year 6 = $1500 / 1.06^6 = $1,057.44

discounted cash flow in year 7 = $1500 / 1.06^7 = $997.59

discounted cash flow in year 8 = $941.12

please check the attached image on how the discounted payback period was calculated

Net present value is the present value of after tax cash flows from an investment less the amount invested.  

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

NPV and IRR can be calculated using a financial calculator  

Cash flow in year 0 = $-10,000

Cash flow each year from year 1 to 12 = $1,500

I = 6%

NPV = $2,575.77

IRR = 10.45%

The project should be accepted because the NPV is positive, this indicates that the project is profitable. Also, the IRR is greater than the discount rate, so the project should be accepted.

to determine if the project should be accepted, the NPV  of the project should be determined.

Cash flow in year 0 = $-10,000

Cash flow each year from year 1 to 8 = $3,000

I = 5%

NPV = $13,165.20

the project should be accepted because the NPV is positive

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

Little Rhody Manufacturing needs to purchase a new central air-conditioning system for a plant. There are two choices. The first system costs $70,000 and is expected to last 6 years, and the second system costs $102,000 and is expected to last 9 years. Assume that the opportunity cost of capital is 12 percent. Which air-conditioning system should you purchase

Answers

Answer:

The first option should be considered for purchase as its has a lesser EAC

Explanation:        

                                           Option 1          Option 2

Cost                                    $70,000           $102,000

Opportunity cost                     12%                    12%

of capital

Useful Life                             6 years             9 years

PVAF                                      4.114                 5.3282

Equated Annual Cost        $17,025.83       $19,143.43

Conclusion: The first option should be considered for purchase as its has a lesser EAC.

Working

PVAF (12%, 6 years) = 4.114

PVAF (12%, 9 years) = 5.3282

Equated annual cost = Cost / PVAF (r%, n years)

A ________ pay plan pays for individual performance based on performance appraisal ratings.
A) piece-rate
B) merit-based
C) employee stock ownership
D) profit-sharing
E) gainsharing

Answers

Answer:

B) merit-based

Explanation:

The merit based in the plan that depends upon the performance of the employees in an annual year. It could be analyzed by the supervisor or the team leader who motivates him, guides him to accomplish the company objective.

Therefore according to the given situation,  option B is correct

And all other options are wrong

Brorsen, Inc., has just designed a new product with a target cost of $64. Brorsen requires new product to have a profit of 20%. What is the target price for the new product

Answers

Answer:

$80

Explanation:

Brosen incorporation has just designed a new product.

The target cost of the new product is $64

Let y represent the target price

Broken requires the new product to have a profit of 20%

= 20/100 × y

= 0.2×y

= 0.2y

Therefore, the target price can be calculated as follows

Target cost+ Target profit= Target price

64 + 0.2y= y

64= y-0.2y

64= 0.8y

y= 64/0.8

y= 80

Hence the target price for the new product is $80

The'Great Deregulation Experiment is something that has characterized USA markets for many decades now. It is a response to a period of significant price regulation. But, there was a recognition that markets were stalling and markets need to be deregulated.
Review the selections below and choose the one which does not characterize an effect of the Great Deregulation Experiment.
a) Deregulation had very little impact on entries and exits in the industry market.
b) It involved the airline, railroad, trucking, bus travel, natural gas, and banking industries.
c) The government removed government controls over prices and quantities produced in a variety of industries.
d) Deregulation is the removal of government controls over prices and quantities produced

Answers

Answer:

Correct Answer:

a) Deregulation had very little impact on entries and exits in the industry market.

Explanation:

In the 1970's, it became clear to policymakers of all political leanings that the existing price regulation on goods and services in United States of America was not working well. And to solve this problem, The United States carried out a great policy experiment—the deregulation, which is the removal of government controls over prices and quantities produced in airlines, railroads, trucking, intercity bus travel, natural gas, and bank interest rates. One of  the effect was its great impact on the entry and exits in industry markets.

The most widely used presentation software program is Microsoft PowerPoint. You can produce a professional and memorable presentation using this program if you plan ahead and follow important design guidelines.
1. What text and background should you use in a darkened room?
A. Dark text on a light background
B. Dark text on a dark background
C. Light text on a dark background
2. How can you customize existing templates?
A. Eliminate boldface and italics
B. Adjust the color scheme
C. Add "visual cliches"
D. Add a company logo
E. Select different fonts

Answers

Answer:

1. C. Light text on a dark background

2. B. Adjust the color scheme

D. Add a company logo

E. Select different fonts

Explanation:

In order to produce a professional and memorable presentation using Microsoft Powerpoint program, the design guidelines should be applied in certain situations.

The text and background one should use in a darkened room is "Light text on a dark background"

Also, the correct way one can customize existing templates is to do the following:

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3. Select different fonts

Assume that a purely competitive firm has the following schedule of average and marginal costs:
Output AFC AVC ATC MC
1 $300 $100 $400 $100
2 150 75 225 50
3 100 70 170 60
4 75 73 148 80
5 60 80 140 110
6 50 90 140 140
7 43 103 146 180
8 38 119 156 230
9 33 138 171 290
10 30 160 190 360
Instructions: Enter all values as whole numbers. If any values are negative, please enter them with a (-) sign.
a) At a price $55, the firm would produce ____ units of output. At a price of $120, the firm would produce ____ units of output. At a price of $200, the firm would produce ____ units of output.
b) The per-unit economic profit (or loss) is calculated by subtracting at a particular level of output from the product price. This per-unit economic profit is then multiplied by the number of units of ___ to determine the economic profit for the competitive firm.
i) At the product price of $200, the average total costs are $____, so per-unit economic profit is
$____. Multiplying this amount by the number of units of output results in an economic
profit of $____.
ii) At the product price of $120, the average total costs are $____, so per-unit economic losses are $____. Multiplying this amount by the number of units of output results in an economic loss of $____.

Answers

Answer:

a) At a price $55, the firm would produce 3 units of output.

At a price of $120, the firm would produce 6 units of output.

At a price of $200, the firm would produce 7 units of output.

The rule is Price = Marginal Cost for a competitive firm

b) The per-unit economic profit (or loss) is calculated by subtracting ATC at a particular level of output from the product price. This per-unit economic profit is then multiplied by the number of units of output to determine the economic profit for the competitive firm.

i) At the product price of $200, the average total costs are $146 , so per-unit economic profit is $54 . Multiplying this amount by the number of units of output results in an economic profit of $378 .

Explanation:

At P = 200, output produced is 7 units

ATC is $146

Per-unit economic profit = 200 - 146 = $54

Hence, Total economic profit = $54 x 7 = $378

ii) At the product price of $120, the average total costs are $140 , so per-unit economic losses are $ -20. Multiplying this amount by the number of units of output results in an economic loss of $-100.

Explanation: At P = 20, output produced will be 5 units. 6th unit will not be produced as it will result in even greater loss.

Total loss = ($140 - $120) x 5 = $100

e. Assume that the average price of a new home is $132,500. If new homes are increasing at a rate of 8% per year, how much will a new home cost in seven years? (Round your answer to 2 decimal places.)

Answers

Answer:

A new home will cost $227081.72 in seven years.

Explanation:

To calculate the value or price of the new home in seven years, we need to calculate the future value of $132500 increasing at a rate of 8% per year for 7 years. The formula to calculate the future value will be,

Future value = Present value * (1+r)^t

Where,

r is the rate which will be used for compoundingt is the time in number of years

Future value = 132500 * (1+0.08)^7

Future value = $227081.7156 rounded off to $227081.72

Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $1.45 at the end of the year. Its dividend is expected to grow at a constant rate of 6.50% per year. If Walter's stock currently trades for $15.00 per share, what is the expected rate of return?

Answers

Answer:

Expected return in( %) =16.80 %

Explanation:

The Dividend Valuation Model (DVM) is a technique used to value the worth of an asset.

According to this model, the value of an asset is the sum of the present values of the future cash flows would that arise from the asset discounted at the required rate of return.  

If dividend is expected to grow at a given rate , the expected return on share can be determined as follows:

Ke=Do (1+g)/P  + g

Do - dividend in the following year, Ke- requited rate of return , g- growth rate, P-price

DATA:

Do- 1.45

g- 6.5%

P- price

Ke = (1.45× (1.065)/15) + 0.065= 0.16795

Return in % = 0.16795  × 100 = 16.80 %

Return in( %) =16.80 %

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