in a given town, demand for fish and supply of fish is given by P = 5955 - 17 * Q and P = 1912 + 18 * Q respectively. Here P and Q denote are fish price and fish quantity (in tons). What is the producer surplus if the fish market is competitive?
Answers
Producer surplus refers to the difference between the price at which a producer is willing to sell a good and the actual market price received for it.
In the given town, the demand and supply of fish are represented by the equations P = 5955 - 17 * Q and P = 1912 + 18 * Q, respectively. To find the producer surplus, we need to first determine the equilibrium price and quantity. This occurs at the intersection of the demand and supply curves, where both the quantity demanded and quantity supplied are equal.
To find this point, we set the two equations equal to each other and solve for Q, which is approximately 190. This is the equilibrium quantity. To find the equilibrium price, we plug this value into either the demand or supply equation, giving us a price of approximately $2,945.
To calculate the producer surplus, we need to find the area above the supply curve and below the equilibrium price. This can be done using the formula for the area of a triangle, which is 1/2 * base * height. The base is the equilibrium quantity, and the height is the difference between the equilibrium price and the minimum price at which producers are willing to supply the good. In this case, the minimum price is 1912, so the height is approximately $1,033.
Thus, the producer surplus is 1/2 * 190 * 1033, which is approximately $97,835. This represents the additional profit that producers receive from selling their goods at a higher price than they would be willing to sell for.
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Related Questions
Bob sold manufacturing equipment to a dealer for $50,000. He bought the equipment for $55,000 several years ago and has claimed $12,500 of depreciation expense on the equipment. What is the amount and character of the gain or loss for Bob on the equipment?
Answers
The amount and character of the gain or loss for Bob on the equipment are as follows: To find the amount and character of the gain or loss for Bob on the equipment, you need to consider the equipment's carrying value.
To determine the carrying value, subtract the total depreciation expense claimed from the original cost of the equipment.$55,000 - $12,500 = $42,500.
The equipment's carrying value is $42,500. Since Bob sold the equipment for $50,000, there is a gain. The gain can be calculated by subtracting the carrying value from the selling price:$50,000 - $42,500 = $7,500. Therefore, Bob has a gain of $7,500 on the sale of the equipment.
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adam files suit against brad and dot, asserting negligence. assess the argument that adam assumed the risk against brad? against dot?
Answers
Adam will need to provide evidence that he was not aware of any danger that Brad and Dot may have created and that he did not assume the risk in order to win his case.
Adam has filed a lawsuit against Brad and Dot, alleging negligence. In order to assess the argument that Adam assumed the risk against Brad and Dot, it is important to understand the concept of assumption of risk. In order for a plaintiff to assume the risk, they must have voluntarily and intentionally exposed themselves to a dangerous condition. Therefore, to determine whether Adam assumed the risk, we need to look at the facts of the case.
As to Brad, Adam would need to prove that he did not assume the risk in order to win his case. If Adam was aware of the risk but chose to take it anyway, Brad would be not liable. As to Dot, Adam would need to show that Dot was negligent and that Adam was not aware of the risk and did not assume it.
Ultimately, Adam will need to provide evidence that he was not aware of any danger that Brad and Dot may have created and that he did not assume the risk in order to win his case. Whether or not Adam has assumed the risk is dependent on the facts of the case, so it is important to assess the situation carefully.
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When new-to-the-world products are better, faster versions of existing products that target, for the most part, existing customers, it is said that these products are ___________.A. Neo innovationsB. Subtle innovationsC. Left-handed innovationsD. Sustaining innovationsE. None of these
Answers
Option - D : When new-to-the-world products are better, faster versions of existing products that target, for the most part, existing customers, it is said that these products are Sustaining innovations .
When a business develops better-performing products to market to its most profitable clients for bigger profits, it is engaging in sustained innovation. Sustaining innovation is typically a tactic utilised by businesses that have already found success in their markets.
In order to satisfy demand and integrate new technology, mobile phone manufacturers (such as Apple, Samsung, Huawei, Amazon, LG, etc.) offer updated and improved products on a yearly basis. The smartphone market is one example of sustaining innovation.
A sustaining innovation enhances already-available goods. It improves existing markets with better value rather than creating new ones or value markets, allowing businesses to compete against one another's continual advancements. New products and services, new distribution channels, new support and manufacturing technology, or geographic expansions are typical instances of sustaining innovation. Sustainable innovation entails purposeful modifications to a company's goods,
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Medicare is a government program funded by tax dollars to:
A-provide health insurance to children in a recount
B-provide health insurance to working adults
C-provide hospital insurance for those over 65
Answers
Answer: C
Explanation: Trust me
At December 31, 2019, Talbot Corporation had 90,000 shares of common stock and 20,000 shares of convertible preferred stock outstanding, in addition to 9% convertible bonds payable in the face amount of $2,000,000. During 2019, Talbot paid dividends of $2.50 per share on the preferred stock. The preferred stock is convertible into 20,000 shares of common stock. The 9% convertible bonds are convertible into 30,000 shares of common stock. Net income for 2019 was $970,000. Assume an income tax rate of 30%. How much is the diluted earnings per share for the year ended December 31, 2019
Answers
Answer:
Diluted Earnings per share= $6.9
Explanation:
Earnings per share is the return attributable to each unit of outstanding ordinary share.
It is computed as the Net Income/Number of ordinary shares outstanding
The diluted earnings per share is the EPS assuming all convertible securities were all converted.
Converted shares is computed as follows:
units
Preferred shares = 20,000
Convertible bonds = 30,000
Total 50,000
Total outstanding shares ranking for Earnings = Ordinary shares + Converted shares
= 90,000 + 50,000 = 140,000
Diluted Earnings per share = 970,000/140,000= $6.9
Diluted Earnings per share= $6.9
Paul Samuelson critique. Paul Samuelson's critique argues that when a rich country enters into a free trade agreement with a poor country, there will be a dynamic gain in the efficiency with which resources are used in the poor country. The poor country's productivity will improve rapidly and there will not be any net gain for the rich country.
Answers
Paul Samuelson's critique, known as the "new trade theory," argues that when a rich country enters into a free trade agreement with a poor country, the rich country may not necessarily experience a net gain in welfare.
Samuelson's argument is based on the assumption that the poor country has a comparative advantage in producing goods that are labor-intensive, while the rich country has a comparative advantage in producing goods that are capital-intensive.
According to Samuelson, when the rich country trades with the poor country, the demand for labor-intensive goods will increase, leading to an increase in the relative price of these goods.
As a result, the poor country will shift its resources towards producing these goods, leading to an increase in productivity and output. However, this shift in production will also lead to a decrease in the relative price of capital-intensive goods, which will cause the rich country to shift its resources away from producing these goods.
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a ___ organization is one that provides a service or good for the benefit of mankind
Answers
Answer:
public
Explanation:
as they do not aim to make profit compared to public sector. They aim to increase the social welfare of the country.
have u tried edgenuity
Answers
Answer:
No, I do odyssey ware
Explanation:
Answer:
yea but I wouldn't mind burning it...
Explanation:
Describe the information you will need to provide in order to complete a FAFSA. List at least three of the required documents you must include.
Answers
Answer:
Sample response: To complete a FAFSA, I must first include information to verify my identity. This includes my Social Security number or a driver's license. I must include information about my income or my family's income (if they are still responsible for my care). Finally, I must submit financial information, like my account statements.
Explanation:
2020 edg
7. When markets fail to allocate resources efficiently, the ultimate source of the problem is usually a. that prices are not high enough so people overconsume b. that property rights have not been well established. c. that prices are not low enough so firms overproduce. d. government regulation
Answers
The primary cause of inefficient resource allocation in markets is typically either an overconsumption of resources by consumers due to too-low pricing, or weak property rights.
What causes the failure of the market?Lack of information, market regulation, the provision of public goods, and externalities can all lead to market failure. Government intervention can be used to address market failures, including new laws, taxes, tariffs, subsidies, and trade restrictions.
What five forms of market failures are there?What Common Forms of Market Failure Exist. A few examples of market failures are unfavourable externalities, monopolies, production and distributional inefficiencies, insufficient knowledge, and inequality.
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In 2019, national saving in Korea equaled 34.8 percent of GDP, and domestic investment equaled 30.0 percent of GDP. Source: International Monetary Fund, "World Economic Outlook Database," March 2021. a. Calculate net foreign investment in Korea as a percentage of GDP. Net foreign investment in Korea as a percentage of GDP equals percent of GDP. (Enter your response rounded to one decimal place.) b. Can we say with certainty whether in 2019 the Korean government was running a surplus or a deficit? A. No, to determine if the government was running a surplus or a deficit, we would need information on private saving. B. No, we would need to know whether the country was exporting more than it was importing, or vice versa, in order to make this determination. C. Yes, if we substitute the values above into the saving and investment equation, it yields a positive number, indicating the government was running a surplus. D. Yes, if we substitute the values above into the saving and investment equation, it yields a negative number, indicating the government was running a deficit.
Answers
Answer:
Explanation:
Which one of the four factors of copyright is MOST important?
Answers
Answer:
the purpose and character of the use i think
Explanation:
EPA is part of how to avoid this type of risk?
compliance
operational
strategic
financial
Answers
Answer:
A.compliance
Explanation:
Erik's job is to negotiate the best price for his client, a retaller that sells high-end shoes. He approaches a shoe manufacturer with whom the retailer wants to carry out business. He tells the manufacturers that his client is willing to purchase 10 pairs of shoes of every size if they lower their price by 10 percent. What kind of intermediary is Erik?
A. distributor
B. consumer
C. wholesaler
D. broker
Answers
Answer:
D. broker
Explanation:
A broker is a person or a firm who organizes or arranges for financial transactions between two parties or more. A broker is an intermediary because they connect a willing seller to a willing buyer for a commission. Brokers do not take ownership of the products being transacted. They only create a link between buyers and sellers.
Erick is a broker. He acts on behalf of the retailer and connects them to the manufacturer.
All goods and services we produce are (1) expensive (2) scarce (3) recyclable (4) efficiently produced? Choose one of the numbers.
Answers
Question:
All goods and services we produce are (1) expensive (2) scarce (3) recyclable (4) efficiently produced. Choose one of the numbers.
Answer:
All goods and services we produce are expensive.
I hope it helps uh
Please mark me as brainliest if uh want
Which of the following is NOT a discretionary expense?
Vacation
Rent
Entertainment
Gym membership
Answers
B. Rent
Explanation: Discretionary expenses are considered things that we buy which are not necessities to live. Things like; going out to the movies or buying candy are not necessary and therefore they are considered "discretionary."
to an effective salesperson, goals and objectives:group of answer choicesare the strategies and plans laid out by the salesperson.are based only on the purchasing power of the customers.refer to something the salesperson sets out to accomplish.are independent of account classification and territory analysis.are the tasks successfully carried out by the salesperson.
Answers
To an effective salesperson, goals and objectives: refer to something the salesperson sets out to accomplish. Option 3
What is meant by goals and objectives?An objective specifies the measurable steps that must be taken in order to reach the ultimate aim, whereas a goal is a realizable outcome that is typically broad and long-term. To guide your team's strategy, learn what the true differences are between the two.
A goal is a vision for the future or a desired outcome that an individual or group of individuals commits to envisioning, planning, and achieving. Objectives are specific actions you can take to advance toward your goals.
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Horatio transferred a balance of $2600 to a new credit card at the beginning of the year. The card offered an introductory apr of 4. 3% for the first 5 months and a standard apr of 13. 7% thereafter. If the card compounds interest monthly, which of these expressions represents horatio's balance at the end of the year? (assume that horatio will make no payments or new purchases during the year, and ignore any possible late payment fees. ).
Answers
If the credit card compounds interest rate monthly, the balance of Horatio at the end of the year is $7883.48.
What does credit card compound interest mean?If you don't pay off your bill in full each month, your compound interest rate also accounts for the interest you pay on interest. The compound rate illustrates how much interest you'd pay annually if you didn't pay off your balance every month, even if you do. The vast majority of credit card companies add interest daily. This implies that at the conclusion of each day, your main (initial) balance will also include your interest.
Given:
Balance after five months
2600(1 + 0.043)⁵ = 3209.19
So, at the beginning of the sixth month, the balance is $3209.19
The balance after the 12 months
3209.19(1 + 0.0137)⁷ = 7883.48
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The correct question is:
Horatio transferred a balance of $2600 to a new credit card at the beginning of the year. The card offered an introductory APR of 4.3% for the first 5 months and a standard APR of 13.7% thereafter. If the card compounds interest monthly, what will Horatio balance be at the end of the year?
An instrument used to enlarge or reduce a map is known as
Answers
Answer:
pantograph
Explanation:
you can use a pantograph to do this.
Project: Pet Grooming Website
You have a pet grooming business and want to create a new website. You want the website to have a video of your office, some pictures of your dog groomers, some testimonials from clients, a list of your prices, a description of your services, and a place to buy gift certificates or pre-pay for services. You want the site to use your color scheme, which is brown and black.
You decide to use a web development company. When you make the appointment, the receptionist tells you that you will meet with their project manager.
When you meet the project manager, she asks you for a good bit of detailed information. You decide that your budget will be $50,000. The project manager believes this will be a good budget because it will cost $20,000 for the web developer, $10,000 for the graphic artist, $5,000 for the photographer, $5,000 for the web hosting service, $5,000 to make the video, and $5,000 for various other expenses.
She explains that you will need to provide them with a list of clients that would be willing to participate as examples or provide testimonials. She warns you that they may expect to be paid for their participation and that there will need to be legal releases signed. She says that this will need to be done first.
Then, they will have the video company make the video and the photographer take the pictures. After this, the graphic artist can put together something for the web developer to create. All in all, the project should take about a month to complete.
Assignment
You will create a project plan document. The document will not be highly detailed. The information provided in the scenario above will be enough to create the document. You may have to guess or make up some of the details. You will not be graded on the accuracy of the details; instead, you will be graded on the project plan and your ability to structure it correctly and include the sections as described in the lesson. Make sure to give each section the proper heading and to write out your descriptions in complete sentences. The exception to this is when you create the project budget. You may do this in chart or column forma HELP
Answers
The planning of this project must have several stages, in general they can be classified as planning, execution and review.
What is planning?Planning is a term that refers to the decision-making process to achieve a specific objective taking into account the current situation and the internal and external factors that may influence the achievement of the objectives.
According to the above, planning would be the first process because in this we are going to draw a route of action in which we are going to specify all the tasks prior to the realization of the web page. This stage includes activities such as:
Interview with clients.Photos of services and products.Information gathering.Establishment of dates and objectives.In the execution stage, the creators of the page begin to work on the design and publication of the page, including all the information previously collected.
In the review stage, the entire team reviews whether the objectives set are being achieved and the necessary corrections are made.
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Accenture is helping a large retailer transform their online sales and services. The Data Analyst audits the client's customer journey and maps out the kind of data they need to collect at each touch point. How does this help the client achieve their objectives?
Answers
Answer: a. by updating their sales platform and adding new features
Explanation:
a. by updating their sales platform and adding new features
b. by shifting the focus away from the customer and towards new products or services
c. by identifying products that are poor sellers and removing them from the inventory
d. by increasing their customer knowledge and leveraging that information to improve customer experience.
From the question, we are informed that the data analyst audits the client's customer journey and then maps out the kind of data they will need to collect at every touch point.
This helps the client to achieve their objectives by updating their sales platform and adding new features. This is because we are informed at first that Accenture wants to help the retailer transform their online sales and services.
Accenture was created for helping clients in becoming cloud first business. Accenture extends technology sevices to its clients by brings together the capabilities and industry knowledge at one place.
Accenture helps the clients in transforming their online sales and services by mapping out the customer journey and the data they need to collect at the touch points.This is done after the audit of data of the client by data analyst.
Helping clients in achieving objectivesAccenture can help its clients by updating and analysing their sales platform and adding new and useful features to it which will help the clients in achieving objectives.
Therefore accenture can help in this manner to its clients in increasing and transforming their online sales.
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a. by updating their sales platform and adding new features
Explanation:
a. by updating their sales platform and adding new features
b. by shifting the focus away from the customer and towards new products or services
c. by identifying products that are poor sellers and removing them from the inventory
d. by increasing their customer knowledge and leveraging that information to improve customer experience.
From the question, we are informed that the data analyst audits the client's customer journey and then maps out the kind of data they will need to collect at every touch point.
This helps the client to achieve their objectives by updating their sales platform and adding new features. This is because we are informed at first that Accenture wants to help the retailer transform their online sales and services.
Businesses use firewalls to protect their networks from internal threats.
O True
False
Answers
Correct on ED2022
Identify the type of conic section consisting of the set of points in a plane that are equidistant from a fixed point and a fixed line. Choose the correct answer below. A. ellipse B. parabola C. circle D. hyperbola
Answers
The type of conic section consisting of the set of points in a plane that are equidistant from a fixed point and a fixed line is called a b) parabola.
A parabola is defined as a symmetrical, open plane curve formed by the intersection of a cone with a plane parallel to its side. The focus and the directrix are the two fixed points that define a parabola. The directrix is a fixed line that is equidistant from all points on the parabola, while the focus is a fixed point that is also equidistant from all points on the parabola.
A parabola can open upwards or downwards, depending on the position of the focus and the directrix. When the vertex of a parabola is at the origin and the axis of symmetry is vertical, the equation of the parabola is given by y^2 = 4ax, where a is the distance from the vertex to the focus.
Therefore, the correct answer is b) parabola.
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Right now, there are people all over the world who are just like you. They're either lonely, they're missing somebody, they're depressed, they're hurt, they're scarred from the past, they're having personal issues no one knows about, they have secrets you wouldn't believe. They wish, they dream and they hope. And right now, they are sitting here reading these words, and I'm writing this for you so you dont feel alone anymore. Always remember, don't be depressed about the past, don't worry about the future, and just focus on today. If today's not so great don't worry! Tomorrow's a new chance. If you are reading this, be sure to share this around to make others feel better And God Loves you no matter who dosent . Have a nice day! :)
Answers
Answer:
why are you telling us this bro
Explanation:
Answer:NO ONE CARES
Explanation:
Which of the following is SIQ most likely to
stand for?
A. Station Identification Questionnaire
B. Standard Item Questionnaire
C. Software Inventory Questionnaire
D. System Identification Questionnaire
E. Station Inventory Questionnaire
Answers
Explain: hope this helps
Both a questionnaire and an inventory are examples of surveys. Simple to-answer questions are included in the questionnaire. These inquiries are made in an effort to obtain information, and they frequently concern particular topics.
Thus, Option E is correct.
What is the questionnaire data collection method?A questionnaire's objective is to gather data from respondents regarding their attitudes, experiences, and opinions. Questionnaires are frequently utilized in social and health sciences and market research. In order to increase customer satisfaction and profitability, our inventory assessments evaluate strategies, inventory management systems, processes, and procedures for developing new goods and managing inventory.
A questionnaire's objective is to collect information from a target audience. It will contain closed-ended and open-ended questions or a mix of the two.
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d. Do these two methods give you consistent results with regard to the standard of living of minimum-wage workers over time? e. The minimum wage did not change over the eight-year period from 1981 to 1989. By what percentage did the purchasing power of the minimum wage decline over this period? (Hint: Inflate the value of the minimum wage in 1981 to its equivalent in 1989. Then generate the percent change.) What happened to the standard of living of minimum-wage workers over the period from 1990 to 2000 ? (Inflate the 1990 minimum wage and compare it to the 2000 minimum wage.)
Answers
D. Comparing the standard of living of minimum-wage workers over time using two different methods may not necessarily yield consistent results.
E. The percentage change, you would use the formula: ((New Value - Old Value) / Old Value) * 100.
The standard of living is a multifaceted concept that encompasses various factors such as income, purchasing power, access to goods and services, and overall well-being. Changes in the minimum wage alone do not provide a comprehensive picture of the standard of living.
Other factors, such as inflation, changes in the cost of living, employment opportunities, and overall economic conditions, also play a significant role in determining the standard of living. Therefore, relying solely on changes in the minimum wage may not accurately reflect the overall changes in the standard of living of minimum-wage workers over time.
To determine the percentage decline in the purchasing power of the minimum wage from 1981 to 1989, you would need to adjust the value of the minimum wage in 1981 to its equivalent in 1989, taking into account the inflation rate over that period. Once you have the inflated value of the minimum wage in 1989, you can calculate the percentage change compared to the minimum wage in 1981.
For example, if the minimum wage in 1981 was $5 per hour and the inflation rate from 1981 to 1989 was 30%, the inflated value of the minimum wage in 1989 would be $5 * (1 + 0.30) = $6.50 per hour.
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Cash Payback Period A project has estimated annual net cash flows of $27,000. It is estimated to cost $140,400. Determine the cash payback period. Round your answer to one decimal place. years
Answers
Answer: 5.2 years
Explanation:
The payback period is calculated by dividing the initial investment by the annual net cash inflows.
So for this project, the cash payback period would be:
$140,400 / $27,000 = 5.2 years
Discuss at least five (5) ways in which response rates might be
improved.
Answers
Response rates can be improved by following ways
1. Including a cover letter A cover letter is a brief, personalized message that introduces the survey to respondents. This should be concise, yet informative and it should be able to engage the respondents.
2. Offer incentives Incentives are rewards for survey participation that encourage respondents to take your survey. Incentives might include a gift card, coupon, or prize.
3. Make it easy to participate: The survey should be designed in such a way that it becomes easy for the respondent to participate in the survey. The questions should be simple and should not require too much thinking or effort.
4. Choose an appropriate time: Timing plays an important role in getting a good response. It is better to avoid weekends or holidays and consider the time zone of your target audience when selecting the date and time to send your survey.
5. Follow-up on non-respondents: Non-respondents are people who have not responded to your survey request. A follow-up email or phone call can remind them to take the survey and encourage them to participate. This should be done in a friendly manner without being pushy.
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Carolyn bates is a junior in college studying economics. She has created a new software application that applies the four principles of economic decision making to any potential decision that a user faces. She is considering leaving school after this academic year to pursue further development of her app. Carolyn should consider all of the following costs when calculating the opportunity costs of leaving college except the.
Answers
Carolyn should consider all of the following costs when calculating the opportunity costs of leaving college except the skills she may gain from her final year of economics courses.
The next best option you have to forgo in order to obtain something is its true cost. Instead of only considering the direct costs, your choices should take this opportunity cost into account.
Opportunity cost is the advantage that was lost because a particular option was not selected.
It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
Opportunity costs have a value that can help people and businesses make more lucrative decisions.
Opportunity cost is a wholly internal expense that is only utilised for strategic consideration; it is not included in accounting profit and is not reported externally.
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Air travel is down by almost 50 percent as most people prefer to take road trips in
cars as opposed to boarding an airplane. As a result, the price for jet fuel drops
significantly
A. Changes in consumer expectations
B. Changes in demand for complementary goods
C. Changes to the number of consumers
D. Changes in consumer preferences and tastes
Answers
Answer:
C
Hope this helps
Answer:
C
Explanation:
The price of jet fuel will drop as they would want major companies to buy more since they will be losing money.
From a business PoV, it is better to sell at a lower price with little to no profit or losing a little bit of money rather than losing tons of money.