in general, how do changes in the unemployment rate vary with changes in real gdp? randomly inversely not at all directly b. after several quarters of a severe recession, explain why there might be a decrease in the official unemployment rate. the government wants to instill optimism. businesses substitute capital for labor. discouraged workers stop looking for work. businesses begin to hire again. c. explain why there could be an increase in the official unemployment rate after several quarters of a strong expansion. there is a lag between when people lose their jobs and when they are recorded as officially unemployed. rising wages in an expansion reduce the quantity of labor demanded. businesses begin to hire again, and the new positions are not immediately filled. workers quit to look for better jobs, and people re‑enter the workforce.
Answers
Changes in the unemployment rate generally vary inversely with changes in real GDP. It is important to note that the relationship between unemployment and GDP is influenced by various economic factors and can vary in specific circumstances.
The relationship between changes in the unemployment rate and changes in real GDP is often described as an inverse relationship. When the economy is in a period of expansion and real GDP is increasing, it tends to lead to a decrease in the unemployment rate. Conversely, during periods of recession or economic contraction, real GDP decreases, which typically results in an increase in the unemployment rate.
Explanation for a decrease in the official unemployment rate after several quarters of a severe recession:
After a severe recession, there might be a decrease in the official unemployment rate due to several factors. These factors could include:
1. Government efforts to instill optimism: The government may implement policies and measures to stimulate economic growth and create job opportunities, which can lead to a decrease in the unemployment rate.
2. Businesses substituting capital for labor: During a severe recession, businesses may invest in automation or technology to reduce labor costs. This substitution of capital for labor can result in fewer job openings and a decrease in the unemployment rate.
3. Discouraged workers stop looking for work: Prolonged periods of unemployment may lead some individuals to become discouraged and stop actively seeking employment. When these individuals are no longer counted as actively looking for work, it can cause a decrease in the official unemployment rate.
4. Businesses beginning to hire again: As economic conditions improve and demand for goods and services increases, businesses may start to expand their operations and hire additional workers. This increased hiring contributes to a decrease in the unemployment rate.
Explanation for an increase in the official unemployment rate after several quarters of a strong expansion:
After several quarters of a strong expansion, there could be an increase in the official unemployment rate due to various factors. These factors may include:
1. Lag between job loss and official unemployment recording: When people lose their jobs, there is often a time lag before they are officially recorded as unemployed. This lag can cause a temporary delay in reflecting the true impact of job losses on the unemployment rate.
2. Rising wages reducing labor demand: In a strong expansion, wages may rise as labor becomes more scarce. Higher wages can lead businesses to reduce the quantity of labor demanded, resulting in fewer job opportunities and potentially an increase in the unemployment rate.
3. Businesses beginning to hire again, with positions not immediately filled: As businesses start to expand during an economic upturn, they may create new job positions. However, these positions may not be immediately filled, leading to a temporary increase in the unemployment rate.
4. Workers quitting to look for better jobs and re-entering the workforce: During a period of economic expansion, individuals may become more confident about finding better job opportunities. Some workers may voluntarily leave their current jobs to search for higher-paying or more suitable positions, causing an increase in the unemployment rate as they transition between jobs.
The relationship between changes in the unemployment rate and changes in real GDP is generally inverse. A severe recession can lead to a decrease in the unemployment rate due to government efforts, business actions, discouraged workers, and increased hiring. Conversely, after a strong expansion, the unemployment rate may increase temporarily due to factors such as the lag in official recording, rising wages, delayed filling of new positions, and workers seeking better job opportunities.
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Related Questions
laura often helps new hires at her firm to learn the ropes and prepare to advance in the company. what role is laura performing?
Answers
Laura frequently assists new staff at her workplace in learning the ropes and getting ready to progress in the organization. Laura playing the role of a mentor.
What is a mentor's job description?A mentor can share knowledge concerning their own career routes as well as provide guidance, inspiration, moral support, and role modeling. A mentor can help with resource discovery, goal-setting, connection, and career exploration.
What must a mentor to avoid?Mutual trust is the cornerstone of a fruitful meant to complement. The mentor is required to protect their mentee's privacy, refrain from criticizing them in public, skip regular mentor encounters, or act in any other way that would violate their mentee's confidence.
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Grace wants to auction her livestock without taking them to a terminal market. What method will she MOST likely use?
vertical integration
a commodity exchange
telemarketing
video merchandising
Answers
If Grace wants to auction her livestock without taking them to a terminal market, she would have to use the telemarketing. Option C
What is telemarketing?Telemarketing is a form of direct marketing in which a salesperson calls potential consumers and asks them to make a purchase of goods or services. This can be done over the phone, during a scheduled in-person or web conference meeting, or even in person after the call.
The company uses telemarketing to not only create leads and sales, but also to effectively stay in touch with clients who frequently offer feedback on the company's goods and services. This enables the company to accept helpful criticism and enhance its offerings.
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The ______ has the power of selecting the final products or suppliers. Multiple choice question. initiator gatekeeper influencer decider user
Answers
Answer:
Decider
Explanation:
I did this question
In 1994, president Clinton said the new trade agreements would create a market for American products in China. What happened to the American companies after opening trade with China?
Answers
Answer:
- US retailers costs decreased and their profits increased
- US suppliers moved production to China and sell to America
Explanation:
In the year 1994, the diplomatic relation between the United States and the People's Republic of China strengthened and they reestablished their positions. They then signed a bilateral trade agreement which opened the markets of China for the American products.
But things turned out differently as they were envisaged in the Chinese markets. The American' trade did not lived up to the expectations in the Chinese markets. China was a tough market for small and medium sized companies of America. The retailers of the US decreased in costs and the China's profit increased. Also the suppliers of he US moved to the production of China and they in turn sell to the American market.
If you are late paying your bill, what is the impact on your annual fee?
Answers
Answer:
It will most likely increase
Explanation:
The impact of late paying the bill is that the bill payment would likely to increase with the amount of interest.
What is bill?A bill is defined as an invoice that is received from a supplier that specifies the amount due by the recipient. For trade payables, this is the primary source document.
If the recipient is not paid the amount of the bill or paid the bill after4 the expiration of due date of the bill, then the amount of bill increased from the date of bill up to the payment.
Therefore, the late payment of bill would increase the amount of interest.
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Talk about the challenges that can arise when forest and mineral
resources are found in the same region. What options are there for
resolving the problems? With reference to hoteling rule (25
points)?
Answers
When forest and mineral resources are found in the same region, challenges may arise.
The challenges that can arise when forest and mineral resources are found in the same region include the following:
One of the most significant challenges that arise is the question of how the resources in question will be allocated. Because both resources are valuable, it can be difficult to determine which resource should take precedence. When one resource is prioritized over another, it can result in resource depletion and a host of other problems.
Resource depletion is another major challenge that arises when forest and mineral resources are found in the same region. Because both resources are valuable, they are often over-exploited. This can result in the loss of habitat, the extinction of certain species, and the depletion of soil fertility. In turn, these can have far-reaching effects on the ecosystem as a whole.
There are several options for resolving the challenges that arise when forest and mineral resources are found in the same region.
One such option is to use the hoteling rule, which is a method for determining the optimal rate of resource extraction over time. The hoteling rule suggests that the optimal rate of resource extraction is the rate at which the marginal benefit of using an additional unit of the resource is equal to the marginal cost of extracting it. By using this rule, policymakers can ensure that the resources in question are being used in a sustainable manner.
In turn, this can help to mitigate the challenges that arise when forest and mineral resources are found in the same region.
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A whole supermarket shelf of snack food bags is marked, "Frito-Lay." This is an example of a(n)
brand.
a. co brand
b. individual
c private
d. wholesale
e. family
Answers
Having just one typo on your résumé can eliminate you from a job pool. please select the best answer from the choices provided t f
Answers
This assertion is accurate. A single error on your resume can disqualify you from consideration for a position.
Describe a resume.When applying for a job and attending an interview, a resume is a necessary document. Information on a candidate who has applied for any position within a company is provided on this resume.
The resume includes details on a person's personal and professional qualifications, including their education level, skills, and background.
Your resume is a tool that an employer can use to form an opinion of you and develop a sense of who you are as a person. Any typing error can result in deletion because it presents a poor image of the employer.
In addition to this, there is software available today that can readily detect spelling and grammar errors and disqualify a candidate based on that.
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Yolanda is the new restaurant manager in a major hotel. When considering which changes would most likely increase the restaurant’s value to customers, Yolanda must provide her customers the menu items that they want and the quality service that they need as well as Group of answer choices offset higher hotel rates with lower restaurant prices. increase prices to increase revenue. minimize menu items but increase the price of popular entrees. reduce customer expectations through reduced service. a better dining experience than what her competitors can give.
Answers
As the new restaurant manager in a major hotel, Yolanda must provide her customers the menu items that they want and the quality service that they need to give them a better dining experience than what her competitors can give.
The most appropriate changes that will increase the restaurant's value to customers are to provide her customers the menu items that they want and the quality service that they need to give them a better dining experience than what her competitors can give.
She can achieve this by carrying out customer research to know what customers want and implementing new ways to provide customers with quality services.Yolanda needs to carry out customer research and provide the menu items and quality services that customers want to provide them with a better dining experience. This is the most appropriate change that will increase the restaurant's value to customers.
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How will taxation influence the circular flow model
Answers
Answer:
TMS
Explanation:
Taxes (T) imposed by the government reduced the flow of income.
Money paid to foreign companies for imports (M) also constitutes a leakage.
Savings (S) by businesses that would have been put to use are a decrease in the circular flow of an economy's income.
one of the employees at seyall industries was continually harassing coworkers. those coworkers feel that seyall industries should have learned more about that individual's background before the employee was hired. they have brought a(n) lawsuit against the company.
Answers
Coworkers were routinely harassed by one of the seyall industries' employees. They believe that before hiring the employee, Seyall Industries should have done more research into that person's background. They brought workplace harassment with them.
What is meant by lawsuit?A lawsuit is an action brought in a civil court of law by one or more parties (the plaintiff or claimant) against one or more persons (the defendant). There are very few laws that are still in force today that use the antiquated phrase "suit in law."
The phrase "lawsuit" refers to a civil action brought by a plaintiff, who asks a court for a legal remedy or an equitable remedy on behalf of a party that alleges to have suffered loss as a result of the defendant's activities.
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How do property rights influence the exchange of goods and services in the market?
a. Property rights prevent market failures from arising in an economy.
b. Property rights prevent producers from exhibiting profit-seeking behavior.
c. Property rights allow consumers' wants and needs to control the output of producers.
d. Property rights determine ownership of resources among businesses, individuals, and governments.
Answers
Answer:
B. Property rights determine ownership of resources among businesses, individuals, and governments.
The property rights impact the exchange for goods and services in the market in the way when it measures the resources' ownership between the business, individuals, and the governments.
The information regarding the property rights is as follows:
In this, the resource or the good is to be used & owned.Resources should be owned by individuals, governments, etc.It represents the characteristic of the economic good.Therefore we can conclude that property rights impact the exchange for goods and services in the market in the way when it measures the resources' ownership between the business, individuals, and the governments.
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\item4 1.5 points return to questionitem 4 exercise 7-8 (algo) sales returns [lo7-4] halifax manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. all of halifax's sales are for credit (no cash is collected at the time of sale). the company began 2024 with a refund liability of $440,000. during 2024, halifax sold merchandise on account for $12,900,000. halifax's merchandise costs are 65% of merchandise selling price. also during the year, customers returned $630,000 in sales for credit, with $347,000 of those being returns of merchandise sold prior to 2024, and the rest being merchandise sold during 2024. sales returns, estimated to be 5% of sales, are recorded as an adjusting entry at the end of the year. required: prepare entries to (a) record actual returns in 2024 of merchandise that was sold prior to 2024; (b) record actual returns in 2024 of merchandise that was sold during 2024; and (c) adjust the refund liability to its appropriate balance at year end. what is the amount of the year-end refund liability after the adjusting entry is recorded?
Answers
To record the actual returns in 2024 of merchandise that was sold prior to 2024, Halifax Manufacturing would need to credit the sales returns account for $347,000 and debit the refund liability account for the same amount. This will decrease the refund liability balance.
To record the actual returns in 2024 of merchandise that was sold during 2024, Halifax Manufacturing would need to credit the sales returns account for $283,000 ($630,000 total returns - $347,000 returns of merchandise sold prior to 2024) and debit the accounts receivable account for the same amount. This will decrease the accounts receivable balance.
To adjust the refund liability to its appropriate balance at year-end, Halifax Manufacturing would need to credit the refund liability account for $272,000 ($440,000 beginning balance + $347,000 returns of merchandise sold prior to 2024 - $283,000 actual returns during 2024) and debit the estimated sales returns account for the same amount. This will increase the refund liability balance.
The year-end refund liability balance after the adjusting entry is recorded would be $712,000 ($440,000 beginning balance + $347,000 returns of merchandise sold prior to 2024 - $283,000 actual returns during 2024 + $272,000 adjustment).
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What might be a microeconomic response to inflation?
Answers
Consumers and businesses can adjust their spending and pricing strategies to cope with inflation.
One response to inflation is to increase the prices of goods and services. This can be done to ensure that prices remain in line with the rate of inflation. Additionally, businesses can adjust their production levels to minimize the impact of inflation.
Consumers can adjust their spending habits to account for inflation. They can look for ways to save money, such as buying goods on sale, using coupons, and shopping at discount stores. They can also limit their spending on luxury goods, and invest in assets that can protect their purchasing power.
Additionally, consumers can invest in index funds and other investments that have a low correlation to inflation. This can help to reduce their exposure to the effects of inflation.
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5 Ayesha is a business adviser. Her financial year ends on 30 September. She provided the following trial balance at 30 September 20-3: $ Capital $ Drawings 15200 125000 Premises 95 000 Office equipment Fees from clients 21600 Insurance 3110 Printing and stationery 2480 Wages Office expenses 59 650 3120 Rent receivable Trade receivables 6150 6000 9510 Bank overdraft Cash 65950 150 206460 206460 Prepare Ayesha's income statement for the year ended 30 September 20-3 and a statement of financial position at 30 September 20-3.
Answers
From the income statement, the net profit is $49,870(loss), the total assets is $181,250 and the total liabilities is $125,000
What is the income statementFees from clients: $21,600
Expenses:
Wages: $59,650
Rent: $3,120
Office expenses: $3,110
Printing and stationery: $2,480
Insurance: $3,110
Total expenses: $71,470
Net profit: $21,600 - $71,470 = -$49,870 (Loss)
Statement of Financial Position at 30 September 20-3:
Assets:
Premises: $95,000
Office equipment: $6,000
Rent receivable: $6150
Trade receivables: $6,000
Bank overdraft: $65,950
Cash: $150
Total assets: $181,250
Liabilities:
Drawings: $125,000
Capital:
Capital balance: $15,200
Total liabilities and capital: $181,250
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Tyler's net income is approximately $40,000 annually. He has borrowed
$400,000 from the bank to buy a house (mortgage) and must pay 3% interest
each year. What is the cost of borrowing the money?*
Answers
Answer:
$400000 is the correct answer
ABC common stock is expected to have extraordinary growth in earnings and dividends of 20% per year for 2 years, after which the growth rate will settle into a constant 6%. If the discount rate is 15% and the most recent dividend was $2.50, what should be the approximate current share price?
$31.16
$33.23
$37.39
$47.77
Answers
The approximate current share price should be $34.08.
To approximate the current share price of ABC common stock, we need to calculate the present value of the future dividends. The stock is expected to have extraordinary growth in earnings and dividends of 20% per year for 2 years, followed by a constant growth rate of 6%. The discount rate is 15% and the most recent dividend was $2.50. By discounting the future dividends and summing them up, we can determine the approximate current share price.
First, we calculate the present value of the extraordinary growth period using the dividend growth formula:
PV = D1 / (1 + r) + D2 / (1 + r)^2
PV = $2.50 / (1 + 0.15) + $2.50 * (1 + 0.20) / (1 + 0.15)^2
PV = $2.17 + $2.24 = $4.41
Next, we calculate the present value of the constant growth period using the Gordon growth model:
PV = D3 / (r - g)
PV = $2.50 * (1 + 0.06) / (0.15 - 0.06)
PV = $2.67 / 0.09 = $29.67
Finally, we sum up the present values:
Current Share Price = PV of extraordinary growth period + PV of constant growth period
Current Share Price = $4.41 + $29.67 = $34.08
Therefore, the approximate current share price should be $34.08.
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What is inflation?
Movement, whether upward or downward, of economic activity
Monetary value of final goods and services produced within a country for a specific time period.
The rate at which the price level of goods and services rises.
A measurement used by economics to measures average prices of a market basket of consumer goods and services.
Answers
Monetary value of final goods and services produced within a country for a specific time period.
ace hardware store sells two product categories, tools and paint products. information pertaining to its year-end inventory is as follows: inventory, by product category quantity per unit cost net realizable value tools: hammers 120 $ 4.00 $ 4.50 saws 100 9.00 8.00 screwdrivers 200 1.00 1.60 paint products: 1-gallon cans 400 5.00 4.00 paint brushes 120 3.00 3.50 required: determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (lcnrv) rule is applied to (a) individual products, (b) product categories, and (c) total inventory. assuming inventory write-downs are common for ace, record any necessary year-end adjusting entry for each of the lcnrv applications in requirement 1. pre question 1 of 1 total 1 of 1 visit question map this is the last question in the assignment. to submit, use alt s. to access other questions, proceed to the question map button.
Answers
the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (lcnrv) rule is applied to Individual Products of Hammers- $540,Saws -$800 ,Screwdrivers -$320,Gallon Cans- $1600,Paint Brushes -$420.B) Product Categories of Tools-$1340,Paint Products-$2080. C)Total Inventory is $2960.
A1. (a) Individual Products:
Tools:
Hammers - LCNRV = $4.50, so carrying value is $4.50 x 120 = $540
Saws - LCNRV = $8.00, so carrying value is $8.00 x 100 = $800
Screwdrivers - LCNRV = $1.60, so carrying value is $1.60 x 200 = $320
Paint Products:
1-Gallon Cans - LCNRV = $4.00, so carrying value is $4.00 x 400 = $1600
Paint Brushes - LCNRV = $3.50, so carrying value is $3.50 x 120 = $420
(b) Product Categories:
Tools - LCNRV = $4.50, so carrying value is $4.50 x 220 = $1340
Paint Products - LCNRV = $4.00, so carrying value is $4.00 x 520 = $2080
(c) Total Inventory - LCNRV = $4.00, so carrying value is $4.00 x 740 = $2960
Adjusting Entry:
Debit Inventory $2960
Credit Loss on Inventory $376
(calculated as $2960 - $2584, which is the total carrying value of inventory before applying the LCNRV rule)
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all of the following provisions in an individual health insurance policy are optional except a)proof of loss b)unpaid premium c)misstatement of age d)change of occupation
Answers
The provision that is not optional in an individual health insurance policy is option (a) proof of loss.
An individual health insurance policy is a contract between the policyholder and the insurance company. The policy outlines the terms and conditions of coverage, including the benefits provided, the premium to be paid, and any additional provisions or riders that may be included.
One of the provisions that is typically required in an individual health insurance policy is "proof of loss." This provision specifies that the policyholder must provide evidence of a covered loss before benefits can be paid out. This is a standard provision in insurance policies that helps prevent fraudulent claims and ensures that benefits are only paid out for legitimate claims.
On the other hand, the other provisions listed - unpaid premium, misstatement of age, and change of occupation - are typically considered optional provisions.
Therefore, the correct option is (a) proof of loss
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What should investors consider when planning for their retirement? Check all that apply. -the amount an employer will match for a 401(k) -the contributions an employer will make to an IRA -the ideal age to establish a particular retirement plan -the amount an investor is allowed to contribute annually -the tax laws and breaks related to different retirement plans -the amount that can be withdrawn early without getting taxed
Answers
In a 401k the employer usually matches a percentage and if you are lucky dollar for dollar, where in an IRA it is does an an extra option with a set amount of money usually 2500 or more for each IRA contribution.
Correct option is A, C, D and E.
1. The amount an employer will match for a 401(k):- you don't have to forget when you will need the money, retirement is years away, but you have to know what choices will make it worth by the time you need the money back. And it is also important to know really how much you can invest. When you have a large amount more options are available. But using a variety of investments will reduce the risk.
3. The ideal age to establish a particular retirement plan:- that will set you up for the plan you need. Below 50 or older.
4. The amount an investor is allowed to contribute annually, the federal law allows a maximum contribution for participants older than 50.
5. The tax laws and breaks related to different retirement plans:- retirement plans can often give you tax benefits in the present it depends to the one you choose. For example, the payment of the tax on the money deposited in a traditional 401 (k) plan can be delayed until the money is withdrawn from the account.
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Answer:
A,C,D,E
Explanation:
I did it and this was correct.
Fashion Design - what are the 3 influences on fashion??
Answers
The three influences are social, economic, and technological.
Fashion design is the art of creating clothing and accessories that are aesthetically pleasing and functional. It takes into account the current trends and cultural influences as well as the tastes of the customer.
The three main influences on fashion are:
1. Social Influences: This refers to how fashion is shaped by the social and cultural values of the time. Trends can be influenced by events, celebrities, and even political movements.
2. Economic Influences: The economy has a significant impact on fashion trends. When the economy is strong, people are more likely to spend money on expensive, luxurious items. On the other hand, when the economy is weak, people may be more likely to buy budget-friendly items.
3. Technology Influences: Technology has greatly impacted the fashion industry. From the advancements in textiles to the ability to produce clothing quickly, technology has enabled fashion designers to create new and innovative styles. Technology has also allowed for recent trends to be quickly disseminated to a global audience.
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The amount of principal plus accrued interest when a CD is redeemed:
Answers
The amount of principal plus accrued interest when a Certificate of Deposit (CD) is redeemed can be calculated using the formula A = P(1 + rt), where A is the total amount, P is the principal, r is the interest rate, and t is the time in years.
When a CD matures or is redeemed, the amount received includes both the principal amount initially invested and the accrued interest earned over the holding period.
The formula to calculate the total amount is A = P(1 + rt), where A is the total amount, P is the principal amount invested, r is the interest rate (expressed as a decimal), and t is the time in years.
To calculate the total amount, you would multiply the principal (P) by 1 plus the product of the interest rate (r) and the time (t).
For example, if you invest $10,000 in a CD with an interest rate of 5% and a holding period of 2 years, the calculation would be A = $10,000(1 + 0.05 * 2) = $10,000(1.10) = $11,000.
This formula accounts for the compounding of interest over time. The accrued interest is added to the principal to determine the final amount received when redeeming the CD.
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Why can a bank afford to pay an interest rate on a savings account? A. Because the bank is insured by the FDIC B. Because the Fed prints more currency when needed C. Because the bank puts the money into equity investments D. Because the bank lends that money out at a higher interest rate Please select the best answer from the choices provided A B C D
Answers
Answer:
D
Explanation:
because thats the answer
Answer:
D. Because the bank lends the money out at a higher interest rate
Explanation:
Assume a circular city with length equal to 1 and consumers uniformly distributed around it. It is assumed that all consumers buy the good, and obtain utility s from purchasing it. Transportation costs are equal to tr², where t is the transportation cost and the distance between consumers and the firm at which they buy the good. In the first stage firms decide whether to enter the market by incurring a fixed cost equal to f, in which case they choose a location. In the second stage, firms choose prices. Let p; be the price set by firm i and D; its demand. Each firm faces marginal Pi costs equal to c. a) Assume that n firms enter the market and they locate equidistantly (location is exogenous). 1) Obtain the demand D; (firm i sets a price p, given rivals' price p_i). 2) Obtain the profit function of firm i. 3) Compute equilibrium prices in the second stage (assume that firms set the same price in equilibrium). Compute each firm's demand. b) Compute the equilibrium in the first stage. Show that if the transportation cost, t, is equal to f, the equilibrium market structure is made of a monopoly. Intuitively explain why.
Answers
In this circular city model, consumers are uniformly distributed, and firms decide whether to enter the market and choose their locations in the first stage. In the second stage, firms set prices based on their demand and face marginal costs.
a) In the equidistant location case, the demand D_i for firm i can be obtained by considering the consumers' utility and transportation costs. The profit function for firm i can be derived by subtracting its total cost from its revenue, where the total cost includes the fixed cost and the marginal cost.
b) To compute the equilibrium in the first stage, it is observed that if the transportation cost t is equal to the fixed cost f, the equilibrium market structure becomes a monopoly. Intuitively, this occurs because when transportation costs are equal to the fixed cost, it becomes economically unfeasible for multiple firms to enter the market. T
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Ralph is leasing a $32,000 car for 36 months. The terms of his lease include an 8. 5% interest rate (money factor of 0. 00354) and a residual value of 72%. Determine Ralph’s approximate monthly lease payment. A. $145. 00 b. $230. 40 c. $248. 89 d. $443. 73.
Answers
The correct statement will be that the monthly lease payments that Ralph will have to make to lease such a car will be $362.17. So, the correct option that matches the statement is not quoted above.
The calculation of monthly lease payment can be done by deduction of residual value and dividing such value by number of months.
Calculation of monthly lease paymentsThe residual value can be calculated by using the formula by applying the given information, \(\rm Residual\ Value= Original\ Value\ x\ \% of Residual\ Value\\\\\rm Residual\ Value=32000\ x\ 72\%\\\\\rm Residual\ Value=\$23040\)So, depreciation of the car after three years will be $8960. Interest payment per month will be calculated as, \(\rm Monthly\ Interest= Car\ Value\ x\ Money\ factor\\\\\rm Monthly\ Interest=32000\ x\ 0.00354\\\\\rm Monthly\ Interest=113.28\)And the payment towards actual lease would be, \(\rm Actual\ Payment= \dfrac{Depreciation}{no.\ of\ Months}\\\\\rm Actual\ Payment= \dfrac{8960}{36}\\\\\rm Actual\ Payment= \$248.89\)So, total monthly payment towards leasing such car will be, \(\rm Total\ Payment= Actual\ Payment+ Interest\ Payment\\\\\rm Total\ Payment=248.89+113.28\\\\\rm Total\ Payment=\$362.17\)
Hence, the correct statement is that the monthly payment towards the lease of car by Ralph will be $362.17 and none of the options given is correct.
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Answer:
✅ D. $443.73
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'Market management is the key element for a business' Justify this statement with an example.
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Answer:
Explanation:
Marketing Management is the key element for a business because it enables the business to generate revenue, gain new customers, and establish the brand. It ensures that the business is profitable by analyzing and aligning the company's goals.
Depending on the industry and marketing objectives of an organization, marketing management can mean many things. As the name implies, marketing management performs managerial tasks in the field of marketing, including, but not limited to, planning and decision-making before, during, and after the execution of marketing plans.
An example of marketing management is creating an advertising plan and implementing it. Another example is the expansion of business via mergers and acquisitions.
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Which accounts are impacted, and how, by the posting of the special columns of a sales journal? 1.Accounts Receivable is debited. 2.Sales is credited.
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Accounts Receivable is debited , Sales is credited , Sales Tax Payable is credited accounts are impacted, and how, by the posting of the special columns of a sales journal .
What kind of transaction is often entered into a certain journal?
Each special journal, as opposed to a general one, logs specific types of transactions, such sales or purchases.
The purchase is documented in one journal and the sale is recorded in another, for instance, when a business buys goods from a vendor and then sells them to a consumer.
What is accounts sales journal ?
Detail-oriented sales transactions are kept in a sales journal, a supplementary ledger. Its primary goal is to streamline the general ledger by getting rid of a source of high-volume transactions.
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FILL IN THE BLANK. Complete the following sentence. A(n) ___ is a request by an account holder to the bank not to pay a specific payment
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A(n) stop payment order is a request by an account holder to the bank not to pay a specific payment. This order can be placed for various reasons, such as a lost or stolen check, a payment made in error, or a dispute with a merchant. Stop payment orders are typically valid for a limited period, such as six months, and may incur a fee from the bank.'
It is important for account holders to act quickly when requesting a stop payment order, as the bank may require certain information such as the check number, amount, and payee. It is also important to note that a stop payment order does not guarantee that the payment will be stopped, as the bank may not be able to intercept the payment in time. Therefore, account holders should also take other measures to ensure that the payment is not processed, such as contacting the recipient directly.
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Find the future value of an annuity with payments of $650 with 1.35% compounded semiannually for 3 years.
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The future value of the annuity with payments of $650, compounded semiannually at 1.35% for 3 years, is approximately $20,903.46.
To calculate the future value, we can use the formula for the future value of an ordinary annuity: FV = P * [(1 + r/n)^(n*t) - 1] / (r/n), where FV is the future value, P is the payment amount, r is the interest rate, n is the number of compounding periods per year, and t is the number of years. plugging in the given values, we get FV = 650 * [(1 + 0.0135/2)^(2*3) - 1] / (0.0135/2) ≈ $20,903.46.
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