4. Suppose the (natural) gas market is competitive and the Australian market demand and supply for gas is m: = 90 − 20p
ppy: = 10p
a. Suppose initially Australia does not allow any trade of gas to or from the rest of the world. Find the competitive market equilibrium price and quantity of gas in Australia. Denote the competitive market equilibrium price and quantity p A and QA (A for "autarky" means no trade). (2 marks)
b. Now Australia allows free trade in gas to or from the rest of the world. The world price of gas is pW = $3.50. Since Australia is a small country in the world gas market, Australian gas consumers can buy any amount of gas at the world price $3.50 without affecting the price. Likewise Australian gas producers can sell any amount of gas at the world price $3.50 without affecting the price. Another way to say this, is the world supply of gas is perfectly elastic (from Australia’s point of view). Any surplus gas in Australia can be exported at the world price, and any shortages of gas in Australia can be imported at the world price. What is Australia’s net exports of gas? (2 marks)
c. Comparing the Australian market equilibrium under free trade (part b) to the Australian market equilibrium under autarky (part a), how much better off or worse off is Australia with free trade? Also show this on the supply and demand diagram for gas in Australia. Note: assume no externalities. (8 marks) d. Thanks to lobbying from the Australian gas producers, the Australian government decides to put a tax on imports (known as a tariff) of 50 cents ($0.50) per unit imported. Since the market is competitive, Australian gas producers will set their Australian price to the same price as the price of the gas imports into Australia. The government also gives Australian gas producers an export subsidy of 50 cents ($0.50) per unit exported. Since Australia is a small country in the world gas market, the world price pW doesn’t change. What is Australia’s net export of gas now? (2 marks)
e. Comparing the Australian market equilibrium under this policy (part d) to the Australian market equilibrium under free trade (part
b), how much better off or worse off is Australia with this policy? Also show this on the supply and demand diagram for gas in Australia. Note: assume no externalities. (10 marks
Answers
a. The competitive market equilibrium price and quantity of gas in Australia are $2.25 and 45 units respectively (where p = price and Q = quantity).
b. Since the world price of gas is $3.50 and the domestic price is $2.25, Australia will export gas. Australia's net exports of gas will be equal to the difference between the quantity supplied and the quantity demanded at the world price ($3.50).
Competitive market equilibrium: A state in which the market for a certain product reaches a point where the quantity demanded equals the quantity supplied. At this point, there is no pressure on price to rise or fall further as buyers and sellers are satisfied with the market price. This is a theoretical concept that assumes perfect competition and complete information among buyers and sellers.
Net exports: The value of a country's exports minus the value of its imports. If a country exports more than it imports, it has a positive net export value (trade surplus), and if it imports more than it exports, it has a negative net export value (trade deficit). In this case, Australia's net exports of gas are determined by the difference between the quantity supplied and the quantity demanded at the world price, which indicates the amount of gas that Australia will export to the rest of the world.
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Related Questions
richards annual take home pay is $34,200. what is the maximum amount that he can spend per month paying off credit cards and loans and not be in danger of credit overload
Answers
To calculate the maximum amount Richard can spend per month without risking credit overload, divide his annual take-home pay by 12. Richard can spend a maximum of $2,850 per month on credit card payments and loans.
1. To determine the maximum amount Richard can spend per month without risking credit overload, we need to divide his annual take-home pay by 12. This will give us his monthly income.
Annual take-home pay = $34,200
Monthly income = $34,200 / 12 = $2,850
2. Once we have the monthly income, Richard should not spend more than this amount on credit card payments and loans each month. This ensures he can meet his other financial obligations without getting into credit overload.
3. Therefore, the maximum amount Richard can spend per month on credit card payments and loans without risking credit overload is $2,850.
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Thinking about your office or college, what types of
information are conveyed through the grapevine? How
often is the information accurate?
Answers
Answer: I would experience a lot of cluster chains speaking on if someone was in trouble. An employee would be called to the back office if they were either in trouble or getting a promotion.
Explanation:
How does having a list help save money at the grocery store? What other strategies can you use to save money at the grocery store?
Answers
Other strategies to help you save money would be...
1.Coupons
2.Sales
3.Going for cheaper brands
4.Only buying what you need
5.And more!
If you were starting a new business describe at least three departments to the company that you would need right away why are these departments so important
Answers
Answer:
Explanation:
These departments are as follow:-
1) Admin
2) Administrative
3) HOD (Head Of Departments)
Julie is completing her PowerPoint presentation on rescue dogs. She wants to include a picture of her dog as the background of her title slide. Under what tab can Julie find this feature? Animations Design Home Slide Show
Answers
Answer:
Its probably too late. but its Design
Explanation:
Answer:
Design
Explanation: I did the test and got it right
in an economy the unemployment rate is 10% and the inflation rate is 1%. an appropriate fiscal policy in this phase of the business cycle would be to
Answers
The appropriate fiscal policy in this phase of the business cycle would be to implement expansionary fiscal policy.
Expansionary fiscal policy is a macroeconomic policy that increases government spending or reduces taxes to boost aggregate demand and stimulate economic growth. In the business cycle, it is used to help an economy that is in a recessionary phase. By expanding the money supply, governments can put more money into the economy, allowing it to expand.
To summarise, in an economy where the unemployment rate is 10% and the inflation rate is 1%, the appropriate fiscal policy in this phase of the business cycle would be to implement Expansionary Fiscal Policy to increase government spending or reduce taxes to boost aggregate demand and stimulate economic growth.
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mom???????????????????????
Answers
mom ??????????????????????
Answer:
Go back to bed sweetie, here some fruit snacks now go to sleep.There are no monsters under your bed honey.
Explanation:
Have a great day.
Interview a business manager on the crisis experienced in the workplace
Answers
Answer:
During an interview, a hiring manager may ask you about previous challenges you've faced in the workplace. The most effective answer to this question will highlight your problem-solving skills and professionalism. Preparing for this question ahead of time will provide you with greater confidence and a better chance of impressing the hiring manager. In this article, we discuss why employers ask this question, explain how to answer it and provide you with a list of example answers.
Explanation:
Interviewing a business manager on the crisis experienced in the workplace will help to know how efficient the business manger is.
What is a Business Manager?A business manager can be defined as a person that help to manage a company or an organization business so as to ensure that the business is running effectively.
A business manger is in the right position to know the crisis happening in his/her workplace and how to effectively manage the crisis and to ensure smooth running of the business.
Therefore Interviewing a business manager on the crisis experienced in the workplace will help to know how efficient the business manger is.
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The point at which birth and death rates balance is called
A Census growth
B Balancing growth
C zero population growth
Answers
Answer:
B balancing growth
Explanation:
If you are unhappy about the current transportation system, which of the following politicians will you vote for?
A. Politicians who advocates going to war abroad
B. Politicians who wants to improve roads and highways
C. Politicians who aim to improve the educational system
D. Politicians who suggest increasing the sales tax
Answers
Answer:
It would be B because these politicians would improve the roads and the means of transportation
This answer is most associated with the topic of the transportation system. The improvement roads and highways would also improve on transportation.
What are the responsibilities of the us bureau of engraving and printing.
Answers
Answer: serves to ensure that adequate amounts of currency and coin are in circulation.
1. Workplaces that grow plants, such as farms, nurseries, greenhouses,
gardens, and parks are part of
Plant Systems
Animal Systems
Food Products & Processing Systems
Environmental Service Systems
Answers
Answer:
Plant Systems
Explanation:
The plant system entails the science of how plants grow. It is the study of the different types of plants and how they impact our world. Gardens, farms, nurseries, greenhouses, and parks also form part of the plant's system.
Plant Systems specialists help feed the nation by monitoring our plant food quality and safety. They provide information that aids consumers in making sensible nutritional decisions.
frozen pepperoni pizza offered for sale in interstate commerce falls under the jurisdiction of .
Answers
Frozen pepperoni pizza offered for sale in interstate commerce falls under the jurisdiction of the US Department of Agriculture (USDA). The USDA is responsible for regulating and inspecting food products that are sold across state lines, including frozen pizzas.
The United States Department of Agriculture is the federal executive department responsible for developing and executing federal laws related to farming, forestry, rural economic development, and food. This ensures that the products are safe for consumers and that they are accurately labeled. By overseeing interstate commerce, the USDA helps to protect the public from potential health risks and fraudulent business practices.
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Estelle is a recent accounting graduate, and while she likes the idea raised by her fellow graduate Fernando to set up business in a partnership together, she has always wanted to go into business for herself. Before Estelle makes a decision, her instructor tells her it would be a good idea to consider the effect of different tax structures on each type of business, just in case she favors one situation more than the other. Compare and contrast how partnerships and sole proprietorships differ in terms of their tax requirements.
Sanjay was recently alerted to the fact that his business will be audited by the IRS. What are some possible causes for Sanjay’s business being selected for audit? What will this audit likely entail? How can Sanjay prepare?
After getting his first paycheck, Marlon is incredulous at the amount of money that goes to FICA. “Who in the world is FICA?” he asks his mother. How does she reply?
Eloise has exactly $300 to spend on an airline ticket. Assuming that she will need to pay the passenger ticket tax, the passenger facility charge, and the Sept. 11th fee, what is the maximum base ticket price Eloise can still afford to pay, knowing that she has all these additional fees and taxes to pay? Explain.
Sloan has always been pretty lax about preparing her taxes, and she doesn't pay too much attention to the rules. However, after taking a class on tax fraud, she is a bit concerned that some of the information in her past tax returns may be questionable. Sloan should only be worried about tax fraud if she’s made certain mistakes in the past. What kind of mistakes should Sloan be concerned about? Explain.
Answers
economic problem you face as an individual
Answers
Answer:
I'm spending WAY too much money on my favorite snack which are purple Doritos. / The Dorito company is having a huge shortage of my favorite snack which are the purple Doritos and I don't know what to do!
Explanation:
Remember what economics is when you are asked this question. Economics basically are along the lines of distribution and consumption of goods could mean internationally or it could just mean in your state. If you have a favorite snack that you like to buy from stores whenever you go to them, you buying and taking that snack is basic economics, you have a demand for that product because you like it so much, and they (owners of the snack) have a supply of that demand so you then spend money (currency) in order to get that demand or snack which is basic economics. A problem in this scenario would be you spending too much money on your favorite snack, or the supplier of that snack is having a shortage and you can't buy your favorite snack as much as you want.
Hope this helps.
Answer:
The imbalance between production, distribution and consumption generates various phenomena that affect the economy; some of them are unemployment, shortages, overproduction, devaluation, inflation, indebtedness and damage to the environment.
Explanation:
When Burger World considered adding Italian beef to its menu, the company made the sandwiches available in some of its more established markets to determine customer reactions. That process is called
Answers
This process that Burger World embarked on in order to test customer reactions is known as Test Marketing
Test Marketing:
Involves a limited release of a new product Is done to check how customers will react to the productIf customers like the product then the company will start producing it in a higher quantity because it means that the product will likely be successful.
In conclusion, Burger World was engaging in Test marketing.
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Excise tax is levied in the __ of goods and services
Answers
Answer:
its probably buying
Explanation:
The following extract of Balance Sheet of Gaurav Ltd. Was obtained: Balance Sheet (Extract) as on 31st March, 2018 Liabilities Rs. Authorised capital: 90,000, 14% preference shares of Rs.100 90,00,0009,00,000 Equity shares of Rs.100 each 9,00,00,000 9,90,00,000 Issued and subscribed capital:67,500, 14% preference shares of Rs.100 each fully 67,50,000 paid 5,40,000 Equity shares of Rs.100 each, Rs.80 paid- 4,32,00,000 up Share suspense account 90,00,000 Reserves and surplus Capital reserves (Rs.6,75,000 is revaluation reserve) 8,77,500 Securities premium 2,25,000Secured loans: 5,92,500 15% Debentures2,92,50,000 Unsecured loans: Public deposits16,65,000Cash credit loan from SBI (short term) Current Liabilities:Trade Payables 15,52,500Assets: Investment in shares, debentures, etc. 3,37,50,000 Profit and Loss account (Dr. balance) 68,62,500 Share suspense account represents application money received on shares, the allotment of which is not yet made. You are required to compute effective capital as per the provisions of Schedule V. Would your answer differ if Gaurav Ltd. is an investment company?
Answers
The answer would not differ, and the effective capital would still be Rs. 5,04,77,500.
According to Schedule V of the Companies Act, the effective capital of Gaurav Ltd. can be calculated using the given information:
Effective Capital = Issued and Subscribed Capital + Reserves and Surplus - Revaluation Reserve + Securities Premium
1. Issued and Subscribed Capital:
- 14% Preference Shares: 67,500 shares x Rs. 100 = Rs. 67,50,000
- Equity Shares: 5,40,000 shares x Rs. 80 = Rs. 4,32,00,000
2. Reserves and Surplus (excluding Revaluation Reserve):
- Total Reserves: Rs. 8,77,500
- Revaluation Reserve: Rs. 6,75,000
- Reserves and Surplus (excluding Revaluation Reserve): Rs. 8,77,500 - Rs. 6,75,000 = Rs. 2,02,500
3. Securities Premium: Rs. 2,25,000
Now, we can calculate the effective capital:
Effective Capital = (Rs. 67,50,000 + Rs. 4,32,00,000) + Rs. 2,02,500 + Rs. 2,25,000
Effective Capital = Rs. 5,04,77,500
If Gaurav Ltd. is an investment company, the method of calculating the effective capital remains the same. Therefore, the answer would not differ, and the effective capital would still be Rs. 5,04,77,500.
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A share of stock in a pharmaceutical company was worth $30. 46 on Monday. On Wednesday, the stock price changed to $45. 83. What is the net change in the stock price from Monday to Wednesday?.
Answers
The Architecture and Construction career cluster is a group of careers focused on designing, constructing, and maintaining buildings and other structures. assembly of buildings and structures. designing and planning buildings. identifying the safety standards for building regulations.
Answers
The Architecture and Construction career cluster is a group of careers focused on designing, constructing, and maintaining buildings and other structures. Hence, option A is appropriate.
What are Architecture and Construction?Architecture, as opposed to construction-related abilities, is the art as well as the technique of building and designing. Buildings and other structures are created through the processes of drawing, conceiving, planning, designing, and building.
A competent professional, an architect, is responsible for the planning, design, and Construction of buildings. In both the science and art of building design, architects receive extensive training. Architects are required to hold a professional license since they are in charge of the tenants' safety in the buildings they design.
Construction is a general term that describes the art and science of creating objects, systems, or organizations. It is a combination of Latin construction and also Old French construction. The noun "construction" describes the type of building projects or the qualities of a structure, whereas the verb "to construct" relates to the act of building.
Construction, sometimes known as "building construction," refers to the methods as well as the business associated with assembling but also erecting structures, primarily those that serve as homes.
Hence, option A is correct.
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which of the following is one of the factors that must be present if budgets are to be effective? A.The company must have a sound organizational structure.
B.The budget committee must prepare the budget.
C.Participative budgeting must be used.
D.The budget should be prepared for long time periods.
Answers
A. The company must have a sound organizational structure is one of the factors that must be present if budgets are to be effective.
Having a sound organizational structure is important for effective budgeting because it provides a clear framework for decision-making and ensures that the budget aligns with the company's overall goals and objectives. Without a sound organizational structure, it may be difficult to coordinate and implement the budget effectively, leading to inefficiencies and poor performance.
The other options listed in the question may also be important for effective budgeting, but they are not essential factors that must be present in all cases. For example, participative budgeting can be a useful approach to involve employees in the budgeting process and improve buy-in and accountability, but it may not be appropriate or feasible in all situations. Similarly, the length of the budget period may depend on the nature of the business and the level of uncertainty in the external environment.
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Mario is a skilled jet flyer that was recently hired by Meagan who is starting an airline business that allows travelers to travel to small cities at half the price of Delta Airlines flights. Which factor of production is Mario?
A . Entrepreneurship
B . Labor
C . Capital
D . Land
Answers
Answer:
B . Labor
Explanation:
Labor refers to human efforts or contribution to the production process. Human beings provide skills, knowledge, experience, energy, and time in making products or in the provisions of services. Human beings are compensated with salaries, wages, and other benefits in exchange for labor.
Marion will be employed as a pilot. Meagan requires the skills of a person to offer services to customers. Mario will be providing labor services.
Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
Answers
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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QUESTION 1 When economists say that the equilibrium in the competitive market is efficient, they mean that in equilibrium O all firms use the most advanced technology available. O most consumers are satisfied. O total consumer surplus minus total producer surplus is maximized O there are no shortages. value to consumers minus cost to producers is maximized QUESTION 2 d'Artagnan, Athos, Porthos, and Aramis are good friends and passionate readers of modern fiction. When Alexandre Dumas's new book The Three Musketeers came out last month, they all went to buy a copy. The price was 5 francs. Their willingness to pay were as follows: d'Artagnan: 35 francs, Athos: 30 francs, Porthos: 25 francs, and Aramis: 20 francs. Assuming there was no shortage of the book, the total consumer surplus was 110 francs 70 francs O 90 francs 50 francs We cannot compute the total consumer surplus without information about the costs. QUESTION 3 the good A buyer's willingness to pay for a good is the that good. It measures how much the buyer O maximum demand for, O is willing to pay for price of values O maximum amount the buyer is willing to pay for, O values minimum amount the buyer is willing to pay for, O needs actual amount the buyer pays for, values QUESTION 15 The nominal GDP will increase by 6% when O real GDP decreases by 10% and GDP deflator increases by 4%. O real GDP an increases by 5% and GDP deflator decreases by 1%. O real GDP a decreases by 3% and GDP deflator increases by 3%. O real GDP decreases by 4% and GDP deflator increases by 10%. O real GDP an increases by 9% and GDP deflator increases by 3%. QUESTION 16 ___refers to a situation in which the economy's overall price level is rising. ___is the percentage change in the overall price level from the previous period. When reporting the inflation rate, the Bureau of Labor Statistics in the US, the Office for National Statistics in the UK, and TUIK in Turkey, use ___to measure the overall price level. O The inflation rate, Inflation, CPI (the consumer price index) O Cost of living, inflation, CPI (the consumer price index) Inflation, The inflation rate, the nominal GDP O Inflation, The inflation rate, CPI (the consumer price index) Inflation, The interest rate, the GDP index
Answers
1) Marginal benefit is equal to the marginal cost. 2) Total consumer surplus = 90 francs ; 3) A buyer's willingness to pay measures how much the buyer values the good. ; 15) GDP deflator increases by 3% ; 16)overall price level is rising.
Question 1: When economists say that the equilibrium in the competitive market is efficient, they mean that in equilibrium, value to consumers minus cost to producers is maximized. When economists say that the equilibrium in the competitive market is efficient, it means that in equilibrium, value to consumers minus cost to producers is maximized.
Question 2: Total consumer surplus is calculated by finding the area below the demand curve and above the equilibrium price. In this case, total consumer surplus can be calculated as follows:
d'Artagnan's consumer surplus = 35 - 5 = 30 francsAthos's consumer surplus = 30 - 5 = 25 francsPorthos's consumer surplus = 25 - 5 = 20 francsAramis's consumer surplus = 20 - 5 = 15 francsTotal consumer surplus = 30 + 25 + 20 + 15 = 90 francsQuestion 3: A buyer's willingness to pay for a good is the maximum amount the buyer is willing to pay for that good. It measures how much the buyer values the good.
Question 15: The nominal GDP will increase by 9% when real GDP increases by 5% and GDP deflator increases by 3%.
Question 16: Inflation refers to a situation in which the economy's overall price level is rising. The inflation rate is the percentage change in the overall price level from the previous period.
When reporting the inflation rate, the Bureau of Labor Statistics in the US, the Office for National Statistics in the UK, and TUIK in Turkey, use CPI (the consumer price index) to measure the overall price level. Therefore, the correct answer is "Inflation, The inflation rate, CPI (the consumer price index)."
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Analyzing transactions L05,7 eXcel CHECK FIGURE: Accounts payable balance, November 30, 2017=$27,000 Larry Power, Capital balance, November 30, 2017= $69,100+ Larry Power started a new business in the name of Power Electrical on October 1, 2017. During October, a number of activities occurred and the following totals resulted at October 31, 2017 (shown in accounting equation format) Assots Liabeties Accounts Accounts Office + Supplies + $1,900 Cash + Rocolvable $30,000 + $7,000 Click here for a description of Accounting equation: Problem 1-8A- Office Equip $28,000 Equity Larry Power Capital + + + Electrical Equip $14,000 Payable + $18.000 + $62,900 + During November, the following occurred: Nov. 1 Rented office space and paid cash for the months rent of $7,200. 3 Purchased electrical equipment for $18,000 from an electrician who was going out of business, by using $10,000 in personal funds and agreeing to pay the balance in 30 days. Purchased office supplies by paying $1,800 cash. 6 Completed electrical work and immediately collected $2,000 for doing the work. 8 Purchased $5,200 of office equipment on credit. 15 Completed electrical work on credit in the amount or $6,000. 16 Interviewed and hired a part-time electrician who will be paid $5.300 each month. He will begin work in three wooks. Purchased $1,000 of office supplies on credit. 18 20 Paid for the office equipment purchased on November 8. 24 Billed a client $4,800 for electrical work the balance is due in 30 days. 28 Received $6,000 for the work completed on November 15. 30 Paid the office assistant's salary of $4,400. 30 Paid the monthly utility bills of $3,600. 30 Power withdrow $1,400 from the business for personal use. Click here for a description of List: Problem 1-8A- Page 65- Required Use additions and subtractions to show the effects of each November activity on the items in the equation. Do not determine new totals for the items of the equation after each transaction. Next to each change in equity, state whether the change was caused by an investment, a revenue, an expense, or a withdrawal. Determine the final total for each item and verify that the equation is in balance. Analysis Component: Revenue is not recorded on November 28. Explain,
Answers
The given information describes the transactions and events that occurred in Power Electrical, a business started by Larry Power. By analyzing each transaction's effect on the accounting equation, it can be ensured that the equation remains balanced, reflecting the financial position of Power Electrical accurately.
The transactions include renting office space, purchasing equipment and supplies, completing electrical work, hiring an electrician, making payments, receiving payments, and personal withdrawals. The changes in equity are categorized as investments, revenues, expenses, or withdrawals. However, it is mentioned that revenue is not recorded on November 28. The task requires analyzing each transaction's effect on the accounting equation and ensuring that the equation remains balanced.
Power Electrical engaged in various transactions during November. The analysis of each transaction involves determining the impact on the accounting equation and categorizing the change in equity. For example, when office space was rented and paid for in cash on November 1, it resulted in a decrease in cash (asset) and an increase in expenses (rent). Similarly, purchasing equipment using credit on November 8 increased both equipment (asset) and accounts payable (liability). The completion of electrical work and immediate collection of $2,000 on November 6 increased both cash (asset) and revenue.
The payment of the monthly utility bills on November 30 decreased cash (asset) and expenses (utilities). However, it is important to note that revenue is not recorded on November 28, which could be due to either an oversight or the absence of revenue-generating activities on that particular day. Overall, by analyzing each transaction's effect on the accounting equation, it can be ensured that the equation remains balanced, reflecting the financial position of Power Electrical accurately.
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Job #4260 consisted of 1,000 units at a total cost of $200,000. The cost transferred to cost of goods sold for the sale of 600 of the units is ______.
Answers
Explanation:
job #4260 consisted of 1,000 units at a total cost of $200,000. The cost transferred to cost of goods sold for the sale of 600 of the units is:
total cost / units x sale of units
200,000 / 1,000 x 600
= 120,000
The cost transferred to cost of goods sold for the sale of 600 of the units is 120,000. Frequently, market analysts use models with two sources of info: actual capital, with amount K and work, with amount L.
What is Total cost?In financial matters, total cost (TC) is the base dollar cost of creating some amount of result.
This is the total monetary cost of creation and is comprised of variable cost, which changes as indicated by the amount of a decent delivered and incorporates information sources like work and natural substances.
Work #4260 comprised of 1,000 units at a total cost of $200,000. The cost moved to cost of products sold for the offer of 600 of the units is
Total cost / units x sale of units
200,000 / 1,000 x 600
= 120,000
The negligible cost can likewise be determined by tracking down the subordinate of total cost or variable cost. Both of these subsidiaries work in light of the fact that the total cost incorporates variable cost and fixed cost, yet fixed cost is a consistent with a subsidiary of 0.
The total cost of delivering a particular degree of result is the cost of the multitude of variables of creation. Total cost in financial matters incorporates the total open door cost (benefits got from the following best other option) of each element of creation as a feature of its fixed or variable costs.
Therefore The extra total cost of one extra unit of creation is called minor cost.
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You have just determined the actual number of workstations that will be used on an assembly line to be 8 using the assembly-line balancing procedure. The cycle time of the line is 600 seconds and the sum of all that tasks required on the line is 60 minutes. Which of the following is the correct value for the resulting line's efficiency?
a) 0.00125
b) 0.5
c) 0.650
d) 0.750
e) 0.835
Answers
Answer:
d) 0.750
Explanation:
The computation of the correct value for the resulting line's efficiency is shown below:
Efficiency = All task times sum ÷ (Actual number of workstations × cycle time)
where,
All task times sum is 60 minutes
The Actual number of workstations is 8
And, the cycle time is
Since 600 seconds = 10 minutes
And 1 minute = 60 seconds
So, the cycle time would be
= 600 ÷ 60
= 10 minutes
Now placing these values to the above formula
So, the resulting line's efficiency is
= 60 ÷ (8 × 10)
= 60 ÷ 80
= 0.750
Amendment passed that authorized congress to enact a graduated income tax.a. Trueb. False
Answers
This statement is true. The amendment that authorized Congress to enact a graduated income tax is the 16th Amendment to the United States Constitution.
It was ratified in 1913 and gave Congress the power to levy taxes on incomes, without regard to population or census data. This amendment greatly expanded the power of the federal government to collect taxes and to redistribute wealth through progressive taxation. The Amendment that authorized Congress to enact a graduated income tax is the 16th Amendment to the United States Constitution, which was passed by Congress on July 2, 1909, and ratified on February 3, 1913.
This amendment gave Congress the power to levy taxes on incomes, without regard to population or census data, which greatly expanded the power of the federal government to collect taxes and to redistribute wealth through progressive taxation.
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What are the marketing objectives when a product is at the introduction stage?
A.
to maximize market share
B.
to build brand loyalty and maximize profits while maintaining market share
C.
to create awareness, organize customer trials, and develop a market for the product
D.
to reap profits and try to retain the product in the market
E.
to create brand loyalty
Answers
Answer:
C. to create awareness, organize customer trials, and develop a market for the product
Explanation:
The introduction stage is the first one in the product life cycle. At this stage, the product has just been launched in the market. The sales growth rate is low as customers are not aware of the commodity. The business incurs losses by having the product in the market.
The marketing goal at this stage is to create awareness about this product. The business makes efforts to create demand through promotions and awareness creation. The stage is associated with heavy advertisements as the business tries to popularize and establish a market share for the product.
Answer:
C. to create awareness, organize customer trials, and develop a market for the product
Burnem, Inc. manufactures blank CDs and sells them to a
distributor in packs of 500 CDs. Burnem's total cost and total
revenue (in dollars) for x packs of 500 CDs are given by the
following equations.
Answers
Burnem, Inc. manufactures blank CDs and sells them to a distributor in packs of 500 CDs. Burnem need to sell 441 packs to break even.
Let x be the number of packs Burnem need to sell to break even then
Total cost = Total revenue
5 x + 4851 = 16 x
=> 11 x = 4851
x = 441 packs
So Burnem need to sell 441 packs to break even.
The term "total cost" is used to describe the total cost of production, which includes both fixed and variable costs. The cost of producing a product is referred to as the total cost in economics. There are two components that make up the total cost: Cost per unit: The cost remains constant. In economics, total cost includes each factor of production's fixed or variable opportunity cost, or benefits received from the next best alternative. Marginal cost is the additional total cost of producing one more unit.
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Complete question as follows :
Burnem, Inc. manufactures blank CDs and sells them to a distributor in packs of 500 CDs. Burnem's total cost and total revenue (in dollars) for x packs of 500 CDs is shown below. Total cost = 5 x + 4851 and Total revenue = 16 x
How many packs of 500 CDs must Burnem sell to break even? x = packs