(a) The contract curve is the locus of efficient allocations and can be plotted in the Edgeworth Box.
(b) The competitive equilibrium price ratio is the ratio of prices that equates the marginal rate of substitution for both individuals, and each individual's final consumption can be determined accordingly.
(c) To verify if the allocation is on the contract curve, substitute the solutions from (b) into the utility functions and check if the sum of utilities is maximized.
(d) The original allocation may not be Pareto efficient if Klay's new preferences and Jaylen's new preferences differ significantly from their original preferences.
(a) To find the contract curve, we need to solve for the allocation that maximizes the sum of utilities for Klay and Jaylen, subject to their individual endowments. The utility maximization problem can be stated as follows:
Maximize: U = Uk(bk, mk) + Uj(bj, mj)
Subject to: bk + bj = 10 (Klay's endowment of basketballs)
mk + mj = 20 (Klay's endowment of MuscleMilk)
bk + mk = 20 (Jaylen's endowment of basketballs)
bj + mj = 10 (Jaylen's endowment of MuscleMilk)
Solving this problem will give us the contract curve.
(b) To find the competitive equilibrium, we need to determine the price ratio that equates the marginal rate of substitution (MRS) for both individuals. Since we are given the utility functions, we can calculate the MRS for each consumer and equate them.
MRS for Klay = ∂Uk/∂bk / ∂Uk/∂mk = (1/5) (bk/mk)\(^{-4/5}\)
MRS for Jaylen = ∂Uj/∂bj / ∂Uj/∂mj = (1/5) (bj/mj)\(^{-4/5}\)
Setting the MRS for Klay equal to the MRS for Jaylen and solving for the price ratio will give us the competitive equilibrium price ratio. Then we can determine the final consumption for each individual.
(c) To verify that the allocation obtained in the competitive equilibrium is on the contract curve, we substitute the solutions from part (b) into the utility functions of Klay and Jaylen and check if the sum of their utilities is maximized.
The marginal rate of substitution for each consumer can be calculated using the partial derivatives of their utility functions.
(d) If Klay's new preferences are summarized by the utility function Uk = mk and Jaylen's new preferences are summarized by the utility function Uj = min(bj, mj), we need to determine if the original allocation is Pareto efficient.
Pareto efficiency means that it is not possible to make one individual better off without making the other worse off. We would need to compare the utilities of both consumers before and after the change in preferences to determine if the original allocation is still Pareto efficient.
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MySunshine Hotel is a chain with 13 identical hotels which operate 365 days a year. The chain invested $200M to purchase land for these hotels and $100M to build and furnish them. Each hotel has 187 rooms and charges and average price of 162 per night. Each operating material cost for each hotel is $IM. On top of that, each hotel is staffed with 69 employees; each paid $50,000 a year on average. The number of hotel employees has a direct effect on hotel occupancy in the following way: Hotel occupancy rate 0.01 X Number of Employees Define the return on invested capital as the ratio of the profits (PER YEAR) and the invested capital. What is the ROIC? (Please keep 4 decimal places. not in percentage)
The Return on Invested Capital(ROIC) is 0.0467.
To calculate the Return on Invested Capital (ROIC) for MySunshine Hotel chain, we need to determine the profits generated by the chain and divide it by the total invested capital.
First, let's calculate the annual revenue generated by the hotel chain:
Revenue per hotel per year = Average price per night * Number of rooms * Days in a year = $162 * 187 * 365 = $10,318,410
Next, we calculate the annual operating expenses for each hotel:
Operating expenses per hotel per year = Material cost per hotel + Total salaries for employees = $IM + ($50,000 * 69) = $IM + $3,450,000
Now, we can calculate the annual profit for each hotel:
Profit per hotel per year = Revenue - Operating expenses = $10,318,410 - ($IM + $3,450,000)
Since there are 13 identical hotels in the chain, the total annual profit for the chain is:
Total profit per year = 13 * (Profit per hotel per year) = 13 * ($10,318,410 - ($IM + $3,450,000))
Finally, we can calculate the Return on Invested Capital (ROIC) by dividing the total profit by the invested capital:
ROIC = Total profit per year / (Investment in land + Investment in construction and furnishing)
ROIC = [13 * ($10,318,410 - ($IM + $3,450,000))] / ($200,000,000 + $100,000,000)
Calculating the expression above gives us an ROIC of 0.0467 (rounded to four decimal places).
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When looking at a financial aid award letter, which type of aid would you have to pay back?
a) Federal work-study
b) merit scholarship
c) federal pell grant
b) Perkins loan
Answer:
There are four components you need to consider: Yearly costs, such as tuition, fees, books, room and board, travel expenses, etc. Financial aid that you don't have to pay back, such as scholarships, grants, and work-study. Financial aid that you do need to pay back, such as as federal loans.
Explanation:
I hope this helps!Emily wants to find out how to use her savings to make more money. She goes online and finds a great Web site about
doubling your money every day. This information is
reliable and relevant
unreliable and relevant
reliable but Irrelevant
unreliable and irrelevant
Answer:
When Emily wants to find out how to use her savings to make more money. She goes online and finds a great Web site about doubling your money every day.
Unreliable and relevant
Explanation:
The reasons behind this answer are that at the first pace is relevant because she was looking for a place to use her savings to make more money. However, this is not a very reliable source of information because it is a random website and has no way to verify the authenticity and security of the operations that she could potentially make on it.
Unreliable and relevant
Explanation:
First off it is Very Unreliable because you cant just double your money, that money will NEED to be earned by work which takes time, This is relevant because it seems like a relevant idea to people to just double money but just because this is relevant does not make it Reliable, therefore making this Answer "Unreliable and relevant."
The protection of children’s education rights from excessive work time was guaranteed by the...
a.
The Rehabilitation Act
b.
The Fair Labor Standards Act
c.
The Age Discrimination Act
d.
The Equal Pay Act
Answer:
B
Explanation:
The protection of children's education rights from excessive work time was guaranteed by the The Fair Labor Standards Act (FLSA). The FLSA is the Federal law which sets minimum wage, overtime, recordkeeping, and youth employment standards.
Answer:
ITS B:))))
Explanation:
Matheson Electronics has just developed a new electronic device which, when mounted on an automobile, will tell the driver how many miles the automobile is traveling per gallon of gasoline.
The company is anxious to begin production of the new device. To this end, marketing and cost studies have been made to determine probable costs and market potential. These studies have provided the following information: a. New equipment would have to be acquired to produce the device. The equipment would cost 315,000 and have a 12 -year useful life. After 12 years, it would have a salvage value of about 15,000 . b. Sales in units over the next 12 years are projected to be as follows: c. Production and sales of the device would require working capital of 60,000 to finance accounts receivable, inventories, and day-to-day cash needs. This working capital would be released at the end of the project's life. d. The devices would sell for 35 the following; variable costs for production, administration, and sales would be 15 per unit. e. Fixed costs for salaries, maintenance, property taxes, insurance, and straight-line depreciation on the equipment would total 135,000 per year. (Depreciation is based on cost less salvage value.) f. To gain rapid entry into the market, the company would have to advertise heavily. The advertising program would be: g. The company's required rate of return is 14% .
Required:
(Ignore income taxes.)
(a) Compute the net cash inflow (cash receipts less yearly cash operating expenses) anticipated from sale of the device for each year over the next 12 years.
John need to invest $16393.44 with the process of simple interest.
What is simple interest?Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.
Rate of interest = 12%principal + interest = $40000
Time = 12 years
Simple interest = \(\frac{p \times 12 \times 12}{100}\\=1.44p\)
Now principal + interest = 40000
\(\frac{p \times 12 \times 12}{100}\\=1.44pNow principal + interest = 40000\Rightarrow p+1.44p=40000\\\Rightarrow 2.44p=40000\\\Rightarrow p=\frac{40000}{2.44}\\\Rightarrow p= 16393.44\)
Therefore, John need to invest $16393.44.
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You want to own a photography studio and you open one that specializes in wedding
photography. After 6 months though, your studio fails and you close down. Read the
following scenarios and pick which one you think you should do next.
Answer:
Explanation:
Open another photography studio that specializes in wedding photography.
Open a photography studio that offers a wider range of services, such as portrait photography, event photography, and commercial photography.
Take a break from photography and explore other career options before deciding on your next steps.
Based on the information provided, it is not clear which of the above scenarios would be the best option for you. Each of these scenarios has its own advantages and disadvantages, and the right choice for you will depend on your personal goals, interests, and circumstances. For example, if you are passionate about wedding photography and believe that your previous studio failed due to external factors, then opening another studio that specializes in wedding photography may be a good option for you. On the other hand, if you believe that your studio failed because the market for wedding photography is saturated or because your services were not competitive, then expanding your portfolio to offer a wider range of services may be a better option. Alternatively, taking a break from photography and exploring other career options may allow you to gain new skills and experiences that can help you in your future endeavors.
Which of the agreements below is likely to be enforced as a contract?
a. Gina offers to give Matt free legal advice, and asks nothing in return. Matt accepts.
b. Office Inc. sends a purchase order form to Desk Inc. for 100 office desks at $100 each, and Beta responds by sending a sales invoice form for 10 office desks at $100 each.
c. After a store advertises "Ralph Lauren Men's Suits for $200," Greg visits the store, shows the salesman the ad, and says, "I accept."
d. Tim sends Heath an email stating "I'll sell you my car for $9,000 if you accept by 5pm on Friday," and Heath sends a reply email at 4pm on Friday stating "I accept" that Tim does not receive and read until 6pm that day.
e. None of the above
A contract is an agreement between two or more parties that creates legal obligations. In order for an agreement to be considered a contract, it must contain certain elements, including an offer, acceptance, consideration, and an intention to create legal relations. The agreement in options (c) and (d) are likely to be enforced as contracts, while the agreements in options (a), (b), and (e) are not likely to be enforced as contracts.
In option (a), Gina offers to give Matt free legal advice without asking for anything in return, and Matt accepts.
This is not likely to be enforced as a contract because there is no consideration given by Matt.
Consideration is something of value that each party gives to the other, and in this case, Matt is not giving anything to Gina in exchange for her legal advice.
In option (b), Office Inc. sends a purchase order form to Desk Inc. for 100 office desks at $100 each, and Beta responds by sending a sales invoice form for 10 office desks at $100 each.
This is also not likely to be enforced as a contract because the terms of the offer and acceptance are not the same.
The purchase order form is an offer for 100 desks, while the sales invoice form is an acceptance for 10 desks.
In option (c), the store advertises "Ralph Lauren Men's Suits for $200," and Greg visits the store, shows the salesman the ad, and says, "I accept."
This is likely to be enforced as a contract because there is an offer (the advertisement), acceptance (Greg's statement), and consideration (Greg paying $200 for the suit).
In option (d), Tim sends Heath an email stating "I'll sell you my car for $9,000 if you accept by 5 pm on Friday," and Heath sends a reply email at 4 pm on Friday stating "I accept" that Tim does not receive and read until 6 pm that day.
This is likely to be enforced as a contract because there is an offer (Tim's email), acceptance (Heath's email), and consideration (Heath paying $9,000 for the car).
However, there may be some issues with the timing of the acceptance, as Tim did not receive and read Heath's email until after the deadline.
Therefore, the agreement in options (c) and (d) are likely to be enforced as contracts, while the agreements in options (a), (b), and (e) are not likely to be enforced as contracts.
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Jama has just become owner of a franchise
fast-food restaurant. He pays an initial fee of
$150,000 plus $8,000 per month for advertising
and management support to the franchisor. How
much will he pay in all to the franchisor during his
first year in business?
Answer:
$246,000
Explanation:
Jama will pay the initial fee plus 12 monthly payments to the franchisor in his first year.
The initial fee is $150,000
Monthly payments are $8000.
For the year, the monthly payments will total
=$8,000 x 12
=$96,000
In total, he will pay
=$96,000 +$150,000
=$246,000
I am 48 years, 48 weeks, 48 days and 48 hours old. How old am I?
Answer:
53
Explanation:
What are experiences best described as?
Currently the UK market for Salt Pipes is worth €1.85m. It is estimated that over the next 3 years this will
Increase by around 225%.
04:Calculate the anticipated value of the UK salt pipe market in 3 years' time (4)
£1.85m - increases by 225%
1.85m/1000.0185
0.0185 * 1%
0.0185 x 225 4.1625
£1.85m 44.1625 s £6.0125
1
I
Answer:
€4.1635
Explanation:
The current market is worth €1.85m
In the next three years , it will increase by 225%
The value in three years time will be 225% of €1.85m
=225/100 x €1.85m
=2.25 x €1.85m
= €4.1635
Is a travel agent a part of the primary, secondary or tertiary sector?
a travel agent is a secondary sector
How easy is it to secure a job?
Answer:
Depending on your skills, it can be easy or hard to secure a job! If your hard working and fulfilling any commitment it should be easy! :)
Explanation:
Hope this helps! :)
Answer:
It depends on what job it is and the requirements that it requires. It can also depend on the experience you have. If you have a lot of experience then it could be easier to get a job.
Hope this helps have a great day.:)
According to the international Fisher Effect, if an investor purchases a five-year U.S. bond that has an annual interest rate of 5% rather than a comparable British bond that has an annual interest rate of 6%, then the investor must be expecting the ________ to ________ at a rate of at least 1% per year over the next 5 years.
Answer: U.S. dollar; appreciate
Explanation:
Notes
A desire to keep products seeking new encourages the proliferation of extra features in what is known as Blank ______. Multiple choice question. commercialization open innovation feature inflation feature bloat
A desire to keep products seeking new encourages the proliferation of extra features in what is known as feature bloat.
Feature bloat is a phenomenon in which products, particularly software, become burdened with an excess of features and capabilities that are often unnecessary or unused by the majority of users. This can result in products that are overly complex, difficult to use, and resource-intensive. Feature bloat is often driven by a desire to keep products competitive and innovative, as companies add new features to differentiate themselves from their competitors and keep customers interested. However, this can also lead to a situation where products become less usable and less effective. To avoid feature bloat, companies can focus on developing features that are truly useful and necessary for their customers, and avoid adding features simply for the sake of appearing innovative or competitive.
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What is Bloom’s Taxonomy?
( no c0py from g00+gle)
Answer:
a set of three hierarchical models used to classify learning objectives into levels of complexity and specificity
Answer:
Bloom's Taxonomy is a Hierarchal Pyramid used to classify the objectives when learning something into: creating, evaluating, analyzing, applying, understanding, and remembering.
Explanation:
Explain one possible stakeholders conflict
that could exist between employees
and owners of a business (3 Mark)
Mark as brainiest
Answer:
Owners want high profits
Which item is important to consider when selecting a
credit card?
Annual Percentage Rate (APR)
Fees
The look of the credit card
th
Both APR and fees
Answer:
Both APR and fees
Explanation:
The Annual Percentage Rate -APR is the interest rate a customer pays on a credit card per year. Credit cards extend loans to the holder every time they are used. If the credit card user does not pay the full amount on the due date, it attracts interest charges. The higher the APR, the more interest a cardholder will pay. In selecting a credit card provider, APR is the most important factor to consider.
Credit card attracts other fees other the interest. These fees include Balance Transfer Fee, Foreign Transaction Fee, Annual Fee, and Cash Advance Fee. These fees affect the customer's overall cost of using the credit card. Customers should compare different credit card companies and select one with favorable fees.
Do I have any college students on here willing to help me with a project? It's for my personal finance class. I'm in college but I'm a high schooler. I have to make a report on what the average college student spends. I will not be asking for bank card/account info or anything of that sort. No social security numbers or phone numbers. If you'd be willing to help me out thanks!!
Explanation: I'm a VERY smart 7th grader. : )
Answer:
i'm not in college but i can help you if you need help
Explanation:
a manager's unfamiliarity with other cultures adds to the ________ of foreign environments.
The manager's unfamiliarity with other cultures adds to the complexity and challenges of foreign environments.
It is crucial for a manager to have a good understanding and awareness of different cultures to effectively navigate and succeed in a foreign business setting. Without this knowledge, misunderstandings and cultural faux pas can occur, leading to a breakdown in communication and relationships with foreign clients and partners.
Understanding and familiarizing oneself with the foreign culture will help the manager in better communicating with the client and form a stronger bond with the clients and partners and drive the company's agenda forward that will result in widening the scope of his work.
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offensive strategies group of answer choices are attempts to reduce the risk of being attacked. are used to convince other firms to seek other targets. are direct targeting/attacking of rivals. are examples of basic generic strategies.
The offensive strategies are direct targeting/attacking of rivals.
A sort of company strategy known as an aggressive competitive strategy entails actively pursuing improvements within the industry. In an effort to stay one step ahead of the competition, businesses that go on the offensive frequently make acquisitions and spend a lot of money on R&D and technology. They will also confront rivals by excluding them from emerging or underserved markets or by competing directly with them. Conversely, defensive competitive strategies are intended to offset aggressive competitive methods. When businesses aggressively seek out other businesses to drive expansion or reduce competition, they are using the most aggressive offensive competitive approach.
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Stocks are bought and sold primarily on securities markets. Which of the following statements regarding the primary and secondary market are true? Select all that apply.
a. The primary market is where newly issued stock, IPO's and additional issuances are sold
b. Stocks can be bought and sold numerous times in the primary market
c. Prices in the primary market fluctuate, but in the secondary market they are fixed
d. Previously traded stocks are bought and sold in the secondary market
The correct statements regarding the primary and secondary market are: a. The primary market is where newly issued stock, IPOs, and additional issuances are sold. d. Previously traded stocks are bought and sold in the secondary market.
The correct option is A and D .
In general ,The primary market is where companies issue new securities, such as stocks, through initial public offerings (IPOs) or subsequent issuances. This is where investors can directly purchase newly issued shares from the company. The secondary market is where previously issued securities, including stocks, are bought and sold among investors. In the secondary market, investors trade stocks that have already been issued and are no longer part of the initial offering.
On the other hand option b. Stocks are not bought and sold numerous times in the primary market. Once the initial issuance is completed, further trading of those stocks occurs in the secondary market. and c. Prices in the primary market are typically determined through negotiations between the issuing company and investors, while prices in the secondary market fluctuate based on supply and demand dynamics. In the secondary market, prices are not fixed but can vary based on market conditions and investor sentiment . Hence , these are incorrect option .
Hence , Option A and D are the correct option
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Identify and explain what are the factors of productions
Explanation:
The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
A perfectly price-discriminating monopolist is able to a. maximize profit and produce a socially optimal level of output. b. produce a socially optimal level of output, but not maximize profit. c. exercise illegal preferences regarding the race and/or gender of its employees. d. maximize profit, but not produce a socially optimal level of output.
Answer:
a. maximize profit and produce a socially optimal level of output.
Explanation:
The perfect price discrimination is the discrimination that arise isn the case when a firm charge a different price for each unit i.e. consumed. In this, the maximum price should be charged that enables to capture the overall consumer surplus. It is also known as first degree price discrimination
Here the profit is maximized and generated an optimal output level
Therefore the correct option is a.
1. How does your credit score impact the personal loan options you have
available?
Answer:
idek
Explanation:
Point (4,-3) is at a Perpendicular distance of_________________
from the X-axis
The function f(x) = 2,000(1 + )12t models the balance in a savings account.
The savings account had an initial balance of _ and compounds
_ at an interest rate of _
Answer:
In the exponential function f(x) = P(1 + )nt :
P = principal value
r = the annual interest rate
n = number of compounding periods in a year
t = time in years
For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.
Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.
Explanation:
Explanation from PLATO
help quick!
According to the video, which qualities do Insurance Underwriters need? Check all that apply.
O communication skills
O customer service skills
Ocomputer skills
Oknowledge of sales strategies
Oan outgoing attitude
O a background in finance
Answer: 1 3 6 or A C F
Explanation:
I just did it on the edge
Answer:
ACF
Explanation:
got it correct on Edge 2020
2. List three interpersonal skills that sales associates need.
Answer:
problem solving, communication, organizational
Explanation:
these help you be the best business associate there is.
Which statement best describes the performance of the vanguard 500 index fund admiral shares compared to the benchmark of the s&p 500 index?
The performance of the Vanguard 500 Index Fund Admiral Shares closely tracked the benchmark S&P 500 Index.
How did the performance of the Vanguard 500 Index Fund Admiral Shares compare to the S&P 500 Index benchmark?The Vanguard 500 Index Fund Admiral Shares closely tracked the performance of the benchmark S&P 500 Index. This means that the fund's returns were similar to the overall market performance represented by the S&P 500 Index. As an index fund, its objective is to replicate the performance of the underlying index. Therefore, investors can expect the Vanguard 500 Index Fund Admiral Shares to deliver returns that mirror the ups and downs of the S&P 500 Index. This provides investors with broad exposure to the U.S. stock market and the opportunity to capture its long-term growth potential.
The Vanguard 500 Index Fund Admiral Shares closely mirrored the performance of the S&P 500 Index, indicating that its returns were in line with the overall market. Being an index fund, its primary goal is to replicate the performance of the underlying index, in this case, the S&P 500. Consequently, investors can anticipate that the Vanguard 500 Index Fund Admiral Shares will exhibit returns that closely reflect the fluctuations of the S&P 500 Index. This characteristic offers investors a means to gain broad exposure to the U.S. stock market and seize the potential for long-term growth.
By aligning with the S&P 500 Index, the Vanguard 500 Index Fund Admiral Shares allows investors to participate in the collective performance of the 500 large-cap companies in the U.S. market. As these companies experience growth or decline, the fund's returns follow suit. This approach eliminates the need for active stock selection and instead provides a passive investment strategy that mirrors the overall market. Consequently, the Vanguard 500 Index Fund Admiral Shares becomes a convenient and cost-effective way for investors to access the potential rewards of the U.S. stock market.
In summary, the Vanguard 500 Index Fund Admiral Shares demonstrates a strong correlation to the S&P 500 Index, providing investors with a reliable avenue to participate in the performance of the U.S. stock market as a whole. Its objective to replicate the benchmark index allows investors to capture the ups and downs of the market, delivering a broad exposure to the potential long-term growth.
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