(c) Brobs develop a competitive markets for spuds and mangos. Mangos are used as money and so have a price of one, while spuds have price of p. Assume each Brob has an equal endowinent of S spuds and 64 mangns, with a budget constraint of pS +64 ZpS + M Assume that the price of spuds is always non-negative, p > 0 (Brobs cannot be paid to eat spuds). Unconsumed spuds can be thrown away costlessly. What is on the left of the budget-constraint ineuality? What is on the right? Solve the consumer's problem of a Brob to find the number of spuds demanded SD (p.5) and the number of mangos demanded MD (p.5) as a function of price and the total number of Spuds. (HINT: Remember that Brobs cannot be paid to eat spuds!)
Answers
The sum of money the Brob may use on spud and mangoes is on the left of the budget-constraint inequality, and the total cost of the potatoes and mangoes the Brob can buy with their budget is on the right of the inequality. Brob's demand for spuds and mangos is determined by their budget constraint and the marginal utility of spuds.
On the left of the budget-constraint inequality is the amount of money the Brob can spend on spuds and mangos, which is determined by the price of spuds (p), the amount of spuds the Brob has (S), and the amount of mangos the Brob has (64). On the right of the inequality is the total value of the spuds and mangos the Brob can purchase with their budget.
To solve the consumer's problem, find the optimal combination of spuds and mangos that maximizes the Brob's utility subject to their budget constraint. Since mangos are used as money and have a fixed price of one, determine the optimal quantity of spuds demanded by the Brob.
Using the budget constraint, the maximum amount of money the Brob can spend on spuds as pS + 64. Since Brob cannot be paid to eat spuds, he will only consume spuds if the marginal utility of spuds is greater than or equal to the price (p).
Therefore, the Brob's demand for spuds (SD) is a function of the price of spuds (p) and the total number of spuds available (S). The Brob's demand for mangos (MD) is simply the remaining amount of money the Brob has after purchasing spuds, divided by the price of mangos (1).
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Related Questions
Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?
Answers
Answer:Firms will face perfectly elastic demand curves only if their products are perfect substitutes for the products of other firms.
Explanation:
Answer:Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?
Explanation:
Susan Robinson is planning for her retirement. She is 30 years old today and would like to have $600,000 when she turns 55. She estimates that she will be able to earn a 9 percent rate of return on her retirement investments over time; she wants to set aside a constant amount of money every year (at the end of the year) to help achieve her objective. How much money must Robinson invest at the end of each of the next 25 years to realize her goal of 600,000 at the end of that time?
Answers
Susan Robinson, who is currently 30 years old, wants to accumulate $600,000 by the time she turns 55 for her retirement. She anticipates earning a 9 percent rate of return on her retirement investments. To achieve this goal, Susan needs to determine the amount she must invest at the end of each year for the next 25 years.
To calculate the amount Susan needs to invest each year, we can use the concept of present value and annuity. The present value of an annuity formula can be applied in this scenario. Given that Susan wants to accumulate $600,000 in 25 years and expects a 9 percent rate of return, we can use the following formula:
PMT = PV / [(1 - (1 + r)^(-n)) / r]
Where:
PMT = Annual payment
PV = Present value or target amount ($600,000)
r = Interest rate per period (9% or 0.09)
n = Number of periods (25 years)
Substituting the values into the formula, we can calculate the annual payment required for Susan:
PMT = $600,000 / [(1 - (1 + 0.09)^(-25)) / 0.09]
Calculating this expression will give us the annual payment Susan needs to make to accumulate $600,000 by the time she turns 55.
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find the principal if $245 in interest is due after 10 months at
7%.
Answers
The principal amount is $350. The principal is the first amount of cash on which premium or returns are determined. With regards to back and speculations, the principal alludes to the underlying measure of cash that is contributed, acquired, or advanced. It is the first amount of cash on which premium or returns are determined.
For instance, in the event that you store $1,000 into an investment account, the $1,000 is the principal amount. While computing revenue acquired on this record, the loan fee is applied to the head.
To find the head, we can utilize the basic interest recipe:
Premium = Head × Rate × Time
Where:
Interest = $245
Rate = 7% or 0.07 (decimal structure)
Time = 10 months
We should substitute these qualities into the recipe and address regards for the head:245 = Head × 0.07 × 10 In the first place, we can work on the situation:245 = Head × 0.7
Then, partition the two sides of the situation by 0.7: 245/0.7 = Head
Working on the division, we get: 350 = Head
In this manner, the principal amount is $350.
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What is one of the biggest telltale signs of a pyramid scheme?
Answers
Pyramid schemes posing as multi-level marketing businesses by claiming to have been in the business of selling goods to customers.
What is a pyramid scheme?In a "pyramid" scheme, participants try to gain money purely by recruiting new members, typically if the recruiter guarantees a high return in a short amount of time.
There is no actual sale of merchandise or service; and. Fresh student recruitment is the main focus.
Instead of offering investments or making sales of goods, a pyramid scheme gathers members by promising income or services in exchange for bringing people into the plan.
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In mediation, the mediator proposes a solution that includes what compromises are necessary to reach an agreement. True or False
Answers
When a dispute is resolved through mediation, the mediator suggests a course of action that takes into account any concessions that will be required. Given statement is False.
What is mediation ?
When both federal and state courts have the authority to consider a specific matter, concurrent jurisdiction exists. The word "venue" refers to a case's specific location. Mediate a procedure wherein unrelated third parties aid in the negotiation efforts of the parties engaged in conflict. a situation when a mediator, who is unbiased, helps the parties communicate so that they might hopefully reconcile, come to a resolution, or at least understand one another.
The resolution of misunderstandings, identification of underlying interests and concerns, identification of areas of agreement, and incorporation of those areas into solutions developed by the parties themselves.
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Computer equipment was acquired at the beginning of the year at a cost of $66,600 that has an estimated residual value of $4,100 and an estimated useful life of five years. Determine the (a) depreciable cost, (b) straight-line rate, and (c) annual straight-line depreciation.
Answers
Answer:
Depreciable cost = Cost of equipment - residual value
Depreciable cost = 66,600 - 4,400
= $2,200
Annual depreciation = cost - residual value / useful life
Annual depreciation = 66,600 - 4,400 / 5
= 12,440
Straight-line rate = Annual depreciation expense / cost - residual value
Straight-line rate = 12,400 / 66,600 - 4,400
= 0.199
The use of open innovation can be useful in the ________ stage of the new-product process because it helps organizations find and execute product concepts externally and overcome the associated not-invented-here barriers.
Answers
Answer:
Idea generation
Explanation:
Open innovation is when an organization uses outside sources to generate innovation instead of using ony internal sources.
The new product process involves the following stages:
-Idea generation that is about providing ideas.
-Screening that is about grouping the ideas generated.
-Concept testing is about developing the concept from the idea.
-Business analysis is about finding out if the cost and benefits make the idea viable.
-Product development is about creating the good.
-Market testing is about making sure that the product can be marketed successfully.
-Commercialization refers to selling the product to the customers.
According to this, the use of open innovation can be useful in the idea generation stage of the new-product process because it helps organizations find and execute product concepts externally and overcome the associated not-invented-here barriers as open innovation would allow to use external and internal sources in the idea generation which will help to provide more and better ideas because the company won't be limited ony to their resources which can increase the possibilities.
6. He is not a skilled worker. He
doesn't ............... much.
win
gain
earn
pay
afford
Answers
Answer:
earn .
He is not a skilled worker. He doesn't earn much.
Explanation:
He doesn't earn much.....
All of the following are reasons to attend a vocational school except.
O A. It takes less time than earning a bachelor's degree.
O B. It is cost-effective.
C. Most credits are transferable to four-year colleges.
D. You work with experienced instructors.
Answers
Answer:
C. Most credits are transferable to four-year colleges.
Explanation:
Vocational schools offer training on courses that focus on skills required to undertake a particular trade or job function. In vocational training, students are prepared for specific carriers. All other unrelated subjects are disregarded. Due to this and other facts, vocational school training takes less time to complete, is less expensive, and the instructors are specialized.
One cannot transfer credits from vocation training to college. The two institutions offer varied programs that take follow diverse paths, and take different times to complete.
Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.
Answers
Answer:
I think multinational corporations in like these are bad. Because even people on diets or trying to diet, and people buy it for them not knowing its hard for them to say no.
Explanation:
Hope this helps!
an author can register his or her copyright application with the
Answers
Answer:
You can submit a copyright application through www.copyright.gov or through a paper application. I think answer would be registration record
Explanation:
Answer:
US Copyright Office
Explanation:
what does it mean for the u.s. economy to have a positively skewed wage distribution?
Answers
A positively skewed wage distribution in the U.S. economy indicates income inequality, with a small portion of the population receiving a disproportionately large share of total wage income.
A positively skewed wage distribution refers to a situation where the wage distribution is not symmetric but instead skewed towards higher wages. In this case, the majority of workers have lower wages, while a smaller percentage of individuals earn higher wages. This distribution indicates income inequality, as a significant portion of the total wage income is concentrated in the hands of a few individuals.
Such a distribution can have several implications for the U.S. economy. It may lead to disparities in living standards, reduced social mobility, and economic inequality. It can also affect consumer spending patterns, savings rates, and overall economic growth. Additionally, it can have implications for policy-making, as addressing income inequality and promoting equitable wage distribution becomes a priority for policymakers and organizations concerned with socioeconomic issues.
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group size, unanimity, and lack of prior commitment are all predictors of
Answers
Group size, unanimity, and lack of prior commitment are all predictors of groupthink.
Groupthink refers to a phenomenon that occurs when a group of individuals prioritize consensus and conformity over critical thinking and independent decision-making. It often arises in cohesive groups and can lead to flawed decision-making processes and outcomes.
Group size: Larger group sizes tend to increase the likelihood of groupthink. When groups are larger, there is a higher chance of conformity and pressure to maintain harmony within the group, which can hinder the expression of dissenting opinions and critical thinking.Unanimity: The desire for unanimity within a group can contribute to groupthink. When group members strive for complete agreement, they may suppress dissenting viewpoints or alternative perspectives, leading to a lack of critical evaluation of ideas.Lack of prior commitment: When group members have not individually committed to a particular course of action before entering the group discussion, they may be more susceptible to conforming to the group's opinions and decisions. Without prior commitment, individuals may feel more compelled to conform to the prevailing group consensus, potentially leading to groupthink.Recognizing these predictors and actively promoting open dialogue, diverse perspectives, and critical thinking can help mitigate the negative effects of groupthink and improve decision-making within groups.
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In what career cluster would you find all levels of business jobs, such as an Administrative Assistant?
A)Law, Public Safety, Corrections, & Security
B)All of these
C)Education & Training
D)Health Science
Answers
In all of these career cluster listed above, you will find all levels of business jobs, such as an Administrative Assistant
For better understanding, let's understand what career clusters means
Career Cluster is simply known to be a wide occupational groupings of specific industry based jobs such as agriculture, law, education, health science etc . The career clusters provide an organizing tool that helps one in creating a career plan.An administrative assistant helps in the day to day running of an enterprise or firm. All career cluster have different job specifications and so an office or administrative assistant is often needed to answer phone calls, document important work or minutes of meetings, assistant the boss in office duties and other responsibilities. It is commonly found in all the 16 career cluster.From the above, we can therefore say that the answer In all of these career cluster listed above, you will find all levels of business jobs, such as an Administrative Assistant is correct.
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Which set of costs reflect the tradeoff of economic order quantity (EOQ)?
A. ordering and carrying costs
B.
fixed and variable costs
C. marginal and utility costs
D.
marginal and semi-variable costs
Answers
Define direct advertising
Answers
Answer:
Explanation:
Direct marketing is a form of communicating an offer, where organizations communicate directly to a pre-selected customer and supply a method for a direct response. Among practitioners, it is also known as direct response marketing. By contrast, advertising is of a mass-message nature.
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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when must interest and principal payments on a Stafford Student Loan begin
Answers
Answer:
The interpretation of the issue is listed throughout the clarification section below.
Explanation:
As usual and when you get a subsidized mortgage, the economy amount to accrue, but perhaps the government will pay everything on someone's account. This seems to be the case for other education loans, individuals aren't encouraged to make additional cash receipts and cash contributions while being in education or even for 6 months after taking university or education center.
What is the new law the American government enacted for promoting small businesses in the country?
O The Small Businesses Act of 1954.
O The Small Businesses Act of 1953.
O The Small Businesses Act of 1955.
O The Small Businesses Act of 1958.
Answers
Answer:
The Small Businesses Act of 1953.
Explanation:
In the United States of America, majority of the competitive landscape or business environment is made up of small business enterprise.
The Small Business Administration (SBA) is an agency of the federal government that is saddled with the responsibility of providing both managerial and financial assistance to small businesses in the United States of America.
The Small Businesses Act of 1953 was enacted as an Act of Congress on the 30th of July, 1953 by the Congress of the United States of America to create the Small Business Administration (SBA).
Hence, SBA was established in 1953 as an autonomous (independent) agency of the government of the United States of America to aid, counsel, assist and protect American entrepreneurs and to preserve small business institutions.
Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.
The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, so as to provide them with the necessary funds required to plan, start and grow their business.
Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America.
In conclusion, the Small Businesses Act of 1953 was the new law the American government enacted for promoting small businesses in the country.
The Pirates of Penzance Company delivers goods to various areas around the world. The company has a great reputation for being prompt on its deliveries. Blackbeard is the owner of the company. Davy Jones works for Blackbeard as an underpaid sailor. Davy knew that Blackbeard loved to read while they were transporting their deliveries and that his favorite book was The Adventures of Huckleberry Finn. Davy gave Blackbeard a valuable first edition of Twain's work hoping that Blackbeard would give him a raise in pay. A day later, Blackbeard promised to give Davy a pay raise of 18% because he was very pleased with the book. The following week when Davy received his check, he noticed that the raise was missing and he asked Blackbeard for the money. Blackbeard refused to give him his raise and Davy filed suit. Decide the outcome.
Answers
The outcome here is that the court would make blackbeard to give the pay raise that he promised to Davy.
The breach of promise.Davy may decide to sue because there has been a breach here. He may decide to sue under the proprietary estoppel.
He already met with what was required of him by providing the book to Blackbeard. It was Blackbeard that was unable tyo meet up with his own part.
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What was the civil rights organization made up of college and high school students that were known for their non-violent sit-ins, freedom rides, and desegregating lunch counters/restaurants?
Answers
The civil rights organization that you are referring to is the Student Nonviolent Coordinating Committee (SNCC).
What is Student Nonviolent Coordinating Committee (SNCC)?The Student Nonviolent Coordinating Committee (SNCC) was a civil rights organization in the United States that was active from 1960 to 1968. It was made up of college and high school students who worked to end racial segregation and discrimination through non-violent means, such as sit-ins, freedom rides, and desegregating lunch counters and restaurants. SNCC played a key role in the Civil Rights Movement, and was known for its grassroots organizing, voter registration campaigns, and its role in the Freedom Summer of 1964. It was one of the major organizations of the movement alongside the Southern Christian Leadership Conference (SCLC) and the Congress of Racial Equality (CORE).
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Give an overview of the Key Performance Indicators (KPI) that your organisation uses in evaluating the performance of its suppliers
Answers
These Key Performance Indicators (KPIs) may vary based on the industry, organizational goals, and specific supplier relationships. Some commonly used KPIs in supplier performance evaluation are on-time delivery, quality performance, and financial stability.
On-time Delivery: This KPI measures the supplier's ability to deliver goods or services according to the agreed-upon schedule.
Quality Performance: This KPI evaluates the quality of the products or services provided by the supplier.
Financial Stability: This KPI assesses the financial health and stability of the supplier.
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What are the basic points to be considered while running the occupation? for each of them
Answers
Answer:
interest
qualification
skills
finance
Jerome measures the length of 40 ropes and uses a line plot to organize his data. A. How many more ropes are there that are yard long or greater than ropes that are less than yard long? There are more ropes that are yard long or greater than ropes that are less than yard long b. Explain how you got this answer
Answers
Answer:
20
Explanation:
I make all the denominators the same, 1/4 becomes 2/8, and 1/2 becomes 4/8. I see which fractions are smaller than 3/8, which are 2/8 and 1/8. I count how many X's are there in 3/8 and the ones that are smaller than 3/8 which are 2/8 and 1/8. 3/8 has 5 X's, 2/8 has 2 X's, and 1/8 has 3 X's. Altogether there are 10 X's. 1 X = 2 ropes, so I multiply the 10 X's into 2 which is 20 ropes. There are 20 more ropes that are 3/8 yard long or greater than ropes that are less than 3/8 yard long.
briefly explain two factors which might influence demand for digital cameras in business
Answers
Answer:
Explanation:
1. The raise of influencer marketing applied on small businesses will demands digital cameras specially when the business owners managed their brands.
2. Every eCommerce must buy digital cameras because the costs for external photographers at long term it is not redituable.
20 POINTS please answer quick!
Why do you think that most careers in the Education and Training cluster require a college degree of some sort? Explain in detail.
Answers
Answer:
There are different kind of careers that one can pursue in life; in order to choose a particular career, one has to consider some important factors.
Explanation:
Donald Trump wanted to pull us out of the WTO because he thought China was cheating. Would you stay in or leave?
Answers
Answer: I hate Trump and would make him eat tortilla chip vertically :/
Explanation:
T/F : states may tax the portion of an interstate business that is produced within its borders
Answers
True. States have the authority to tax the portion of an interstate business that is produced within their borders.
Under the principle of "nexus," states have the power to impose taxes on businesses that have a substantial presence or connection within their jurisdiction.
This includes the ability to tax the portion of an interstate business that is produced within their borders.
This principle is based on the understanding that the state provides infrastructure, services, and a conducive business environment that contributes to the business's ability to operate and generate revenue.
The extent to which a state can tax an interstate business depends on the concept of "apportionment," which determines the proportion of a business's income or activity that is subject to taxation in each state.
States use various methods, such as the apportionment formula, to allocate taxable income based on factors like sales, payroll, and property within their jurisdiction.
Therefore, the statement that states may tax the portion of an interstate business that is produced within their borders is true. This taxation authority allows states to collect revenue and maintain a fair distribution of tax burdens among businesses operating within their jurisdiction.
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wealth is redistributed from creditors to debtors when inflation is
Answers
Answer:
unexpectedly high.
Explanation:
options:
a. unexpectedly high
b. high, whether it is expected or not
c. unexpectedly low
d. low, whether it is expected or not
According to Goldratt: Two activities scheduled to be carried out sequentially and using the same scarce resource benefit from having the same project manager. Two activities scheduled to be carried out in parallel and using the same scarce resource are independent. Two activities scheduled to be carried out in parallel and using the same scarce resource are not independent. Two activities scheduled to be carried out sequentially and using the same scarce resource require different project managers.
Answers
Answer:
Two activities scheduled to be carried out in parallel and using the same scarce resource are independent.
Explanation:
An Israeli physicist named, Eliyahu M. Goldratt developed the Critical Chain Project Management (CCPM) and introduced it in his book "Critical Chain" in 1997.
The CCPM is a project management methodology used by managers to better manage a project. The CCPM ensures that the project plan is feasible and immune from any uncertainty or statistical fluctuations.
In the CCPM activity network, there are no milestones and all non-critical activities are performed as late as possible.
CCPM adopts the use of drum buffers, so as to ensure extra safety is applied to a project immediately before using constrained resource.
According to Goldratt, two activities scheduled to be carried out in parallel and using the same scarce resource are independent.