The relationship that is in existence between the equilibrium quantity and the socially optimal quantity of candy is that they are equal. Option C
What is meant by positive externality?An advantage of creating or using a product is known as a positive externality. For instance, because people learn and develop skills for careers and their lives, education is a beneficial externality of school. Negative externalities, in contrast, are a cost of production or consumption.
The market for education is one illustration of a beneficial externality. Since more educated people tend to be more innovative and contribute more to their community's economy, the social benefit increases with one's level of education.
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Suppose that candy producers create a positive externality equal to $1 per pound of candy. Further suppose that the government offers a $1-per-pound subsidy to the producers. What is the relationship between the equilibrium quantity and the socially optimal quantity of candy?
a. The equilibrium quantity is greater than the socially optimal quantity.b. The equilibrium quantity is less than the socially optimal quantity.c. They are equal.d. There is not enough information to answer the question.
describe how free market features could be introduced to help alleviate the social problem through free market operations of supply and demand.
Government intervention is absent in a free market, and supply and demand and voluntary exchange serve as the only pillars of the economic system.
What do you mean by "demand"?The consumer's desire to buy a specific commodity or service is known as demand. Market demand is the demand on the market for a specific good. The total demand in the economy for goods and services is known as aggregate demand. The price of a commodity or service is determined by the demand and supply balance.
What does "demand" mean?Relevant Lessons
A fundamental tenet of economics is the law of demand, which holds that demand for a good increases when prices are low and decreases when prices are high. During Black Friday sales, when customers rush to purchase items at steep discounts, the law of demand is in effect.
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when adam and tori got married 15 months ago, adam moved into the house that toni had owned and lived in for the prior 3 years. they recently decided to move to a more suburban neighborhood and sold the house. what is the maximum amount of gain from the sale of the personal residence that adam and tori can exclude from income taxation?
Based on the given information, the maximum amount of gain from the sale of the personal residence that Adam and Tori can exclude from income taxation is Zero. Thus the correct option is A.
What is Tax?A tax is referred to a certain amount that is collected by the government of any country from its citizens which is later on used in the development process of the country including building hospitals, roads and maintaining transportation, and so on.
Determine Your residency in the property for the 5-year period before the sale 2. The interval between the sale and the day you last sold a house for which you claimed the exclusion.
Therefore, option A is appropriate.
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The comnplete question is Probably
Adam and Tori got married and bought a house 15 months ago. Tori’s job recently transferred her to an office in a different state, so Adam and Tori sold their house. What is the maximum amount of gain from the sale of the personal residence that Adam and Tori can exclude from income taxation?
$0
$250,000.
$312,500.
$500,000.
as the inventory control manager for a group of retail stores, henry calls the doubleblue jeans warehouse when he needs to restock this product because the manufacturer stores all of its products there. another name for this warehouse would be a
When xin-xu needs to restock this item, he contacts the bossie boots warehouse because the manufacturer keeps all of its products there. The correct response is A) self-service retailers.
Xin-xu is the inventory control manager for a collection of shoe stores. The term "distribution centre" could also be used to describe this warehouse. A distribution centre is a warehouse that often stocks a variety of goods, which are then distributed to the following.Retailers and wholesalers.
last or ultimate user because they believe they will frequently find the needed product there rather than having to visit wholesalers or retailers for the same product, the majority of customers tend to frequently visit this distribution centre for the items or product they need.
complete question:
As the inventory control manager for a group of retail stores, henry calls the doubleblue jeans warehouse when he needs to restock this product because the manufacturer stores all of its products there. another name for this warehouse would be a
A) self-service retailers
B) specialty stores
C) warehouse clubs
D) discount stores
E) factory outlets
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which of the following is not one of the three main restructuring strategies? a. downsizing b. realigning c. leveraged buyouts d. downscoping
Downsizing is not one of the three main restructuring tactics.
What is Downsizing?Downsizing is not always involuntary. It is also used at other stages of the business cycle to create leaner, more efficient businesses. Eliminating any part of an organizational structure that is not directly adding any value to the final product is a production and management philosophy known as lean enterprise.According to the production principles of lean enterprise, any component of a business enterprise that fails to directly benefit a final product is superfluous. What is valuable (and conversely, what is not valuable) is determined by the customer based on the amount they are willing to pay for a good or service.Downsizing can also be carried out to align the firm's skill and talent with the broader market. For example, a company may pursue downsizing to weed out employees with obsolete skills that may not be useful in its future direction.To learn more about organizational structure refer to:
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Organizing is monitoring performance, comparing it with goals, and taking corrective action.a. Trueb. False
It is False that Organizing is monitoring performance, comparing it with goals, and taking corrective action.
Controlling is monitoring performance, comparing it with goals, and taking corrective action.
What is meant by performance monitoring?Performance monitoring is the systematic and routine observation of performance over time with the goal of creating or verifying performance records, identifying inefficient and ineffective practices, determining service needs, and—most importantly—detection of underperformance early on to prevent further performance degradation. It is the systematic monitoring and continuing assessment of an organization's performance in comparison to recognized performance benchmarks.
Due to its frequency and increased emphasis on observing everyday activities, performance monitoring differs from occasional performance auditing or review.
Performance monitoring aims to immediately identify the signs of underperformance and respond as soon as possible.
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ben is a salesperson for an industrial equipment manufacturer. once a prospect becomes a new customer, ben looks for ways to improve the products and services his company provides the new customer in order to convert him/her into a loyal customer. in other words, ben looks for ways to:
Ben is a salesperson for an industrial equipment manufacturer. Ben looks for ways to improve the products and services to convert a new customer into a loyal customer. In other words, Ethan looks for ways to add value.
An industrial equipment manufacturer is a company that produces and sells industrial equipment. This equipment can include machines, tools, and vehicles. Industrial equipment manufacturers usually sell their products to other businesses, rather than to individual consumers.
An equipment manufacturer is a company that produces and sells machinery and equipment. Equipment manufacturers are typically large companies with many employees and a large amount of production capacity.
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what are the consequences of bad logistics management for a company? select all that apply. a more paperwork b problems with customer relations c higher costs d longer hours
The consequences of poor logistics management for company include: customer relationship issues, higher costs and longer hours.
What leads to bad logistics?Poor time management. Increased costs and hidden costs due to lack of knowledge. Disruption of operational processes. I don't have the right software for live tracking.
What impact will logistics have on company?Successful logistics in business entails more effectiveness, lower costs, higher production rates, better inventory control, more efficient storage space utilization, higher levels of customer and supplier satisfaction, and better customer experiences.
What are the consequences of poor management for suppliers?In short, poor supplier performance costs a company money, time, and reputation, increases the risk of customer churn, and can even threaten a company's viability. The impact on suppliers is also negative. Efforts to ensure performance regressions can be fixed.
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a loan that requires the borrower to pledge specific assets as collateral is called a(n) loan.
An asset (such a car or piece of property) is pledged as security for a loan in a secured loan, making the asset a secured debt owed to the lender.
How do loans with security operate?
Loans that are secured by an asset are called secured loans. This means that the lender will ask you which of your assets you want to use as collateral when you apply for a secured loan. Following that, the asset will be subject to a lien held by the lender until the loan is returned in full.
What exactly is an asset?
An asset is something that has monetary value or the potential to be profitable. For instance, a machine, a financial instrument, or a patent
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the copyright clause prohibits the government from creating a special kind of monopoly around intellectual property. true or false
The following statement "the copyright clause prohibits the government from creating a special kind of monopoly around intellectual property" is true.
A market that has "no competition" results in a situation where one individual or business is the only supplier of a given good or service. This contrasts with oligopoly and duopoly, which include a small number of vendors controlling a market, and monopsony, which refers to a single entity's dominance of a market to buy an item or service.
Monopolies are therefore defined by a lack of viable replacement products, a lack of economic rivalry to manufacture the commodity or service, and the potential for a high monopoly price that is substantially beyond the seller's marginal cost and generates a large monopoly profit.
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a technology company wants to increase sales for their newest product, so they decide to invest in advertising and direct marketing for the product. this is an example of
Answer:
Traditional marketing or direct response marketing
A technology company wants to Increase sales for their newest product, so they decide to invest in advertising and direct marketing for the product. This is an example of traditional marketing or direct response marketing.
What is traditional marketing?Traditional marketing is the process of fulfilling the target audience’s needs using offline channels and making a profit out of it. In simpler terms, traditional marketing refers to the satisfaction of needs and wants for consumers via those marketing channels that existed before individuals had access to modern digital platforms.
It involves fulfilling the 4ps of marketing without making use of digital marketing channels. This traditional marketing mix includes: Building a product that operates and fulfils customers’ demands online. For example, a washing machine. Using a pricing strategy that’s not dependent on online channels. Using offline channels of distribution to reach out to the customers. Promoting the product using offline channels like TV, radio, newspapers, etc.
Traditional marketing encompasses a wide range of advertising and marketing strategies.
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how would you respond to a naysayer that says store business and concessions business will go down if we give out free hats and free food as part of group sales packages?
would let them know that it's a misconception Offering free food or drinks adds value to the customer without discounting products or services.
What is meant by products?
A product is anything that can be supplied to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made accessible for consumer usage in response to consumer demand.Products are sometimes referred to as merchandise in the retail sector, and they are purchased as raw materials in the manufacturing sector before being sold as finished goods.A form of product that is also considered is a service.In project management, products are the formally defined project deliverables that include or assist in achieving the project's goals.Product liability may apply to hazardous goods, particularly physical ones that harm users or bystanders.To learn about products refer to
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how to calculate federal funds target rate with target inflation rate current inflation rate real equilibriujm federal funds rate and output gap
When inflation exceeds the Fed's inflation objective, the rule calls for a higher federal funds rate, and if inflation is below target, a lower one.
How are federal funding rates targeted determined?The Taylor Rule is a formula that central bankers can use to calculate what their overnight interbank lending rate goal should be based on variables including actual inflation, an inflation objective, actual output, potential production of the economy, and an estimate of the equilibrium real fed.Maintaining stable pricing is one of the Fed's primary objectives, along with low unemployment. Since 1996, Fed policymakers have often held the position that their goal was to achieve an inflation rate of about 2%.When inflation exceeds the Fed's inflation objective, the rule calls for a higher federal funds rate, and if inflation is below target, a lower one.To learn more about Federal funds rate refer to:
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Federal Funds Target Rate = Real Equilibrium Federal Funds Rate + Target Inflation Rate - Current Inflation Rate - Output Gap
Output Gap = The difference between actual Gross Domestic Product (GDP) and potential GDP
The federal funds rate is the rate at which banks lend their reserves to other banks overnight. The Federal Reserve sets the target federal funds rate, which is currently 150 points or 1.50 percent.
The federal funds rate is calculated using the real equilibrium funds rate, which is the federal funds rate that balances the economy in the long run.
The real equilibrium federal funds rate is determined by several factors, including the target inflation rate, the current inflation rate, and the output gap.
The formula for calculating the federal funds target rate is as follows:
Federal Funds Target Rate = Real Equilibrium Federal Funds Rate + Target Inflation Rate - Current Inflation Rate - Output Gap
where:
Real Equilibrium Federal Funds Rate = Federal Funds Rate that balances the economy in the long run
Target Inflation Rate = The inflation rate targeted by the Federal Reserve
Current Inflation Rate = The current rate of inflation
Output Gap = The difference between actual Gross Domestic Product (GDP) and potential GDP
The federal funds rate target can be adjusted by the Federal Reserve depending on the state of the economy and inflation levels.
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a company is evaluating an investment which has an initial investment of $4,000. annual net cash flows are expected to be $2,000 over the next three years. the company requires a 10% annual return. the present value of $1 factor for 10% and 1 period is 0.9091; 2 periods is 0.8264; and for 3 periods is 0.7513. the break-even time is between: multiple choice question. 1 and 2 years 2 and 3 years 3 and 4 years 0 and 1 year
The break-even time is between: - 2 and 3 years.
Does NPV take original investment into account?Using the concept of net present value, all projected future cash flows, including the initial capital investment, are calculated as to their current value (NPV).
Net present value (NPV) is the current value of cash inflows minus cash outflows over a period of time (NPV). NPV is a metric used in capital budgeting and investment planning to assess the profitability of a proposed investment or project.
The current value of a stream of future payments, or NPV, is calculated using the appropriate discount rate. The general rule is that projects with a positive NPV are beneficial to pursue, whereas those with a negative NPV are not.
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what may be asked during an interview? will you list all organizations, clubs and lodges to which you belong? do you own or rent your home? have you worked at the company under a different name? of what country are you a citizen?
The question " have you worked at the company under a different name?" can be asked during an interview. Hence, option (c) will be regarded as the suitable option.
Give a brief account on interview.In a structured conversation known as an interview, one party asks questions and the other responds. A private conversation between an interviewer and an interviewee is referred to as a "interview" in daily speech. The interviewee frequently responds to the interviewer's inquiries with information. You are completely free to use or share the information with other audiences. This trait is obvious in a wide variety of interviews; even when no one else is present during a witness interview or a job interview, the responses will be made available to others later in the hiring or investigative process. During an interview, information might be transferred in both directions.
Although face-to-face interviews are the norm, it is possible for parties to conduct interviews over the phone or by videoconferencing if they are geographically apart. The majority of the time, interviews entail a spoken exchange between two or more people. A "conversation" between two people who type their inquiries and responses can occasionally occur.
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which of the following is not a market performance ratio?
A. debt ratio
Debt Ratio is not a market performance ratio
Market value ratios are financial measurements that assess stock prices, evaluate them in relation to competitors' stock prices as well as other data points.
These ratios monitor public corporations' financial results to help us better comprehend their place in the market and A financial measure called the debt ratio shows what proportion of a company's assets are financed by debt.
It is the ratio of total assets (the total of current assets, fixed assets, and other assets like "goodwill") to total debt (short-term and long-term obligations).
Total debt to total assets is the debt ratio.
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john is the head of a federal agency. his agency is lacking funds to support a new policy implementation, so it is allowed to borrow funds from another government agency. what are these funds a part of?
Overestimating the effect of government action carries a risk (neglects other factors) Where there is no one, dominating policy or agency engaged, it is challenging to apply. Policies evolve when they are put into practice.
These foundational principles include (1) creating a clear goal; (2) encouraging initiative; (3) empowering employees; (4) providing staff development or resources; (5) restructuring, monitoring, and problem-solving; and (6) planning. These presumptions offer a plan for the duties and method that assist improvement in effective alterations.
The total of a country's yearly budget deficits, less any surpluses, is its national debt. When the government spends more than it brings in, there is a deficit. The government borrows money by offering debt obligations to investors in order to cover its budget deficit.
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if the supply of new reserves in banks is 100 million, the reserve requirement is .1 (10%), and the banks are fully lent out, what is the total amount of loans? what is the total new money supply?
The number of loans that have been disbursed, according to the supplied statement, total 90 million, while the amount of fresh money supply is one billion.
What makes it a bank?Whenever Italian merchants inside the Renaissance formed agreements to lend and lend money next to a bench, the term bank is derived from the Italian word banco, which means bench. Then set your coins upon the bench. Simple financial documents have been around since the beginning of time.
Briefing:100 million is the total supply of reserves.
Reserve requirement = 0.1×100 = 10 million
90 million has been borrowed as a total.
New money supply = change in reserve × Money multiplier = 100million × 1/ 0.10 = 1000million
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leads that meet or exceed screening criteria established by the salesperson or the sales organization are called what?
Finding qualified prospective customers—often referred to as prospects—is a key component of strategic prospecting. When we state a candidate is qualified, we indicate that they have satisfied or beyond the screening requirements.
How do screening techniques work?
A screening technique is a procedure that, with the fewest steps and the least amount of sample modification, extracts, isolates, and identifies a molecule or collection of components in a sample. A screening technique is essentially a straightforward measurement.
What use does screening serve?
Before any symptoms or signs arise, doctors use screens, which are physical examinations, to check for illnesses and other problems. Screenings help to find problems early on, perhaps when they are easier to treat. Getting the necessary screenings is one of the most important things..
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finding significant differences is exciting to marketing researchers because it means that the researcher will have something that is potentially very useful to report to the client. true false
Marketing researchers enjoy discovering major variances since it indicates they will have information that might be extremely beneficial to relay to the customer. The statement is accurate.
Marketing research is the methodical gathering, recording, and analysis of qualitative and quantitative data about marketing-related problems for goods and services. Discovering and analyzing the effects of modifying marketing mix components on consumer behavior is the goal.
This entails defining the data needed to solve these concerns, devising the information gathering strategy, and overseeing and putting the data collection process into practice. These outcomes and conclusions, together with their ramifications, are communicated to those with the authority to take action on them after data analysis.
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suppose your bank account pays interest monthly with an effective annual rate of 6%. what amount of interest will you earn each month? monthly discount rate
A nominal interest price of 6% compounded monthly is equivalent to an tremendous hobby charge of 6.17%
How do you calculate tremendous interest rate?Effective annual interest fee = (1 + (nominal price ÷ variety of compounding periods)) ^ (number of compounding periods) - 1. For investment A, this would be: 10.47% = (1 + (10% ÷ 12)) ^ 12 - 1.
How do you calculate monthly activity rate?To calculate a monthly pastime rate, divide the annual fee through 12 to reflect the 12 months in the year.
Note
For a every day interest rate, divide the annual fee via 360 (or 365, relying on your bank).
For a quarterly rate, divide the annual fee by four.
For a weekly rate, divide the annual rate by means of 52
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https://brainly.com/question/25720319#SPJ4suppose that a rare virus infects and kills a significant percentage of the population. assuming that land and labor are complements in a farming production function, what would happen to the wages earned by workers and the rents earned by landowners?
The wages earned by workers and the rents earned by landowners - Wages would increase, and rents would decrease.
What drives an increase in the labor supply curve?A change in worker preferences, a change in nonlabor income, a change in the cost of associated goods and services, a change in population, or a change in expectations will cause the supply curve for labor to alter.
According to economists, the availability of labor is a problem that arises when people decide how to organize their time after weighing the opportunity costs of various options. There are 24 hours in every day. We can put our time to many different uses, like working, taking care of kids, sleeping, playing, and volunteering. Let's assume for the sake of simplification that there are only two possible ways for a person to spend their time: at work or in leisure.
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how would putting a price on natura attributes and ecological services affect demand for reneabe reouces
Different characteristics of ecological services.
People have a tendency to value each service and product differently because natural features and ecological services are priced differently.
The consumer would so stand to gain the most.
The ecological services are those that make our lives easier and preserve the harmony of the natural world. The prices of each commodity or service would benefit the customers. The user would benefit from the natural features such as the fresh water and other elements like sunlight, rain, fresh air, etc. on several occasions.
Wetlands are places or areas where the soil is occasionally covered in water. These fall under the categories of marshes, bogs, fens, swamps, and shallow water. Peatlands are another type of area that has partially degraded organic materials.These are several, crucial areas that are present in various biospheres. They enhance water quality, stop soil erosion and loss of land mass, safeguard coasts.
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country a has a comparative advantage over country b in the production of shoes, if a. country a can produce shoes at a lower monetary cost than country b can. b. country a can produce shoes using fewer resources than country b can. c. the demand for shoes is higher in country a than in country b. d. country a can produce shoes at a lower cost in terms of other goods than country b can.
Country a has a comparative advantage over country b in the production of shoes, Country A can produce shoes at a lower cost in terms of other goods than other B.
What do you have been comparative advantage?
In an economic model, agents who can produce a particular good at a lower relative opportunity cost or autarky price—that is, at a lower relative marginal cost before trade—have a competitive advantage over rivals. Someone has a comparative advantage if they can produce something for less money than anyone else. Superiority in a particular field is different from comparative advantage.To know more about Comparative advantage here
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reverse culture shock occurs primarily because of the ease of reintegrating into the organization. true false
Reverse culture shock occurs primarily because of the ease of reintegrating into the organization.
The statement is true.
What do you mean by reverse culture shocks?
Re-entry, often known as reverse culture shock, is merely a typical reaction to coming home after studying abroad. It is a period of emotional and psychological readjusting, comparable to your initial acclimatization to living overseas.One gradually regains their emotional and psychological equilibrium as they accept differences and learn to fit into the new society. Some people finish this experience in a matter of weeks, while others may need months.To know more about Reverse culture here
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suppose that monetary neutrality and the fisher effect both hold and the money supply growth rate has been the same for a long time. other things the same a higher money supply growth would be associated with . question 34 options: both higher inflation and higher nominal interest rates. neither a higher inflation rate nor a higher nominal interest rate. a higher inflation rate, but not higher nominal interest rates. a higher nominal interest rate, but not higher inflation.
Monetary neutrality and the fisher effect both increase the money supply growth rate increasing the inflation and nominal rate at the same rate.
What is the Fisher effect?
The relationship between inflation and both real and nominal interest rates is outlined in the Fisher Effect, an economic hypothesis developed by economist Irving Fisher. According to the Fisher Effect, the real interest rate is equal to the nominal interest rate less the anticipated inflation rate.
Irvin Fisher, an economist, is credited with creating the Fisher effect. The impartiality of money has a direct bearing on this effect. It claims that real interest rates are stable in economies and that variations in nominal interest rates are a function of changes in anticipated inflation.
Hence/Therefore,
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city council is deciding whether to clean up a local pond. they estimate the marginal benefit and marginal cost of each cleanup hour in the table below. marginal cost of cleanup (dollars) quantity of pollution cleanup (hours) marginal benefit of cleanup (dollars) $350 1 $650 $400 2 $600 $450 3 $550 $500 4 $500 $550 5 $450 what is the optimal time spent on pollution cleanup?
The optimal time spent on pollution cleanup is: ($450).
What is pollution?Pollution is the introduction of contaminants into the environment that cause harm or discomfort to humans, animals, and other living organisms. It is the result of human activities such as burning fossil fuels, agricultural activities, industrial processes, and other daily activities. Pollution can take many forms including air pollution, water pollution, soil pollution, and noise pollution. Air pollution is the introduction of pollutants into the air that can cause health and environmental problems. Water pollution is the contamination of water bodies such as lakes, rivers, oceans, and groundwater with chemicals, microbiological organisms, and other pollutants. Soil pollution is the contamination of soil with hazardous chemicals, metals, and other pollutants, which can lead to reduced fertility of the soil and decrease crop yields. Noise pollution is the excessive noise from industrial and other activities that can interfere with normal activities such as sleeping, conversation, or work. Pollution has serious impacts on the environment, human health, and the economy and should be tackled for the betterment of the planet.
The optimal time spent on pollution cleanup is 3 hours, since this is the quantity where the marginal benefit ($550) is equal to the marginal cost ($450).
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The ideal amount of time to spend cleaning up pollution is three hours since at this point, the potential reward ($550) and marginal cost ($450) are equal.
What are the four primary types of pollution?The three main types of pollution are smog, industrial effluents, and land pollution, which are often categorized by environment. Particular pollutant kinds, like plastic, light, and noise pollution, are also of concern to contemporary civilization.
Describe pollution:When toxins are released into the environment, it causes injury or discomfort to people, animals, as well as other living things. Pollutants that can harm human health and the environment are released into the air, causing air pollution.
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jet, inc., has net sales of $712,478 and accounts receivable of $167,435. what are the firm's accounts receivable turnover and days' sales outstanding? round your accounts receivable
The firm's accounts receivables turnover is 4.26 times. The firm's day's sales outstanding is 85.7 days.
What is a receivables turnover?
By analyzing how long it takes to collect the outstanding debt over the course of the accounting period, the accounts receivable turnover ratio, also known as receivables turnover, is used in business accounting to quantify how well businesses are managing the credit that they extend to their customers. Calculations for the accounts receivable turnover ratio will be very different among industries. Larger businesses may also be more willing to extend credit terms since they are less dependent on credit sales. Companies should aim for a ratio of at least 1.0 to ensure they collect the whole amount of average accounts receivable at least once during a period. In general, greater accounts receivable turnover ratio is advantageous.
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similar bonds in the market have a yield to maturity of 12 percent today. should she buy the bonds at the offered price
similar bonds in the market have a yield to maturity of 12 percent today. she should buy the bonds at the offered price.
What is Bond Yield?
Bond yield, which can be calculated in a variety of ways, is the return an investor receives on a bond.
The annual interest rate set when the bond was issued is known as the coupon rate. The price of the bond and the coupon, or interest payment, both affect the current yield.
Bond equivalent yield (BEY), yield to maturity (YTM), and effective annual yield are further methods for calculating a bond's yield (EAY).
A bond may be bought at a premium, which is more than its face value, or at a discount, which is less than its face value.
The bond's coupon rate divided by the market price results in the bond's current yield.
As a bond's price increases, its yield decreases since price and yield have an inverse relationship.
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thirty percent of the cfa candidates have a degree in economics. what is the popbability that none of them have a degree in econmics?
The probability that none of them have a degree in economics is 0.657.
We need to calculate
P (X > = 1)
= 1 - P(X =0)
= 1 - (1-0.30)^3
= 0.657
Hence, Option C is Correct
The complete question is:
Thirty percent of the CFA candidates have a degree in economics. A random sample of three CFA candidates is selected. What is the probability that at least one of them has a degree in economics?
1. 0.300
2. 0.343
3. 0.657
4. 0.900
Candidate for Level I CFA
You are regarded as a candidate for the CFA Level I if you are presently preparing for the Level I test. You may do this in a number of different ways on your resume. One strategy is to identify as a Level I candidate for the CFA.
The Excel’s function BINOM.DIST can be used.
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What determining factor do buyers use to
select products in a pure competition
market?
A. Quality
C. Profit
B. Brand
D. Price
Answer: D
Explanation:
Answer: In a pure competition market, the determining factor that buyers use to select products is price. Therefore, the correct answer is option D: price.
Explanation: In a pure competition market, the determining factor that buyers use to select products is price. In a pure competition market, there are many buyers and sellers, and the products offered by the sellers are largely the same. In this type of market, buyers will typically choose the product with the lowest price, as there is little difference between the products offered by the different sellers. Other factors, such as quality, brand, and profit, may also play a role in a buyer's decision, but in a pure competition market, price is typically the most important factor.
