The statement "The marginal benefit of producing the twenty-first roll of sushi is $2" is false. The marginal benefit is $62, as stated in the information provided.
Based on the given information, the following statements are true:
The marginal cost of producing a roll of sushi is $1.50. This statement is true because it is mentioned that it costs Nano $1.50 to produce each roll of sushi.
Nano should produce the twenty-first roll of sushi because the marginal benefit is greater than the average cost. This statement is true because selling the 21st roll of sushi for $62 provides a higher marginal benefit than the marginal cost of $1.50.
There is insufficient information to determine the marginal benefit of producing the twenty-first roll of sushi. This statement is false because it is clear from the given information that selling the 21st roll of sushi generates a revenue of $62, which can be considered as the marginal benefit.
Therefore, the statement "The marginal benefit of producing the twenty-first roll of sushi is $2" is false. The marginal benefit is $62, as stated in the information provided.
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Instead of spending the weekend working on the research paper due at the end of next week sam decided to spend the weekend going out to have fun with friends according to freudian theory which system dominated in sams decisions
Answer:
the id
Explanation:
In simple words, the id can be understood as the root of all psychological bravery, as per Freud 's philosophy, rendering it the essential component of identity. The ID is motivated by the concept of immediate satisfaction of all wishes, desires and desires. If these needs are not immediately fulfilled, the effect is a state of discomfort or stress.
Thus, from the above we can conclude that the correct answer is the id.
if lana fodor paid $825.80 on a $3,169.78 credit balance. what is the new balance
Explanation:
the balance is $2343.98
ADJ Enterprises produces hydrothermocorticoids. Consider the following facts about ADJ and the hydrothermocorticoid market:
For each of the past three years, ADJ has earned the following profits: a Net Profit Margin of 6% and a Return on Investment of 11%. (Net Profit Margin and Return on Investment are two common measures of the profitability of a business; the exact details of Net Profit Margin and Return on Investment are not important for this question – in other words, you don’t have to know anything about Net Profit Margin and Return on Investment in order to answer this question successfully.)
For the past three years, other hydrothermocorticoid producers have also earned profits of a Net Profit Margin of 6% and a Return on Investment of 11%.
Producers in other industries with resources similar to ADJ have been earning profits for the past three years of: Net Profit Margin of 6% and Return on Investment of 11%.
ADJ is currently operating at full capacity; that is, it has all the business it can handle.
ADJ is currently producing a quantity of hydrothermocorticoids where Marginal Revenue is equal to Marginal Cost.
There are between 125 and 150 hydrothermocorticoid producers in the U.S. The number of additional hydrothermocorticoid producers outside the U.S. is unknown.
The largest U.S. producers of hydrothermocorticoids produce about 1.2 million tons of hydrothermocorticoids each year; the smallest producers produce about 850,000 tons of hydrothermocorticoids each year; for the last three years, ADJ has averaged production of about 1.1 million tons each year.
Worldwide demand for hydrothermocorticoids is expected to remain constant for the next ten years.
The costs of producing hydrothermocorticoids are expected to remain constant for the next ten years.
The hydrothermocorticoids produced by ADJ are identical to those produced by all other firms in the industry
There are no patents in the production of hydrothermocorticoids
Neither a government license nor a large capital investment is required to begin producing hydrothermocorticoids.
There are no network externalities or economies of scale in the production and sale of hydrothermocorticoids.
What price should ADJ Enterprises charge for its hydrothermocorticoids? Explain how you know. Your answer will not include any specific number.
ADJ Enterprises should charge a price for its hydrothermocorticoids that is equal to its Marginal Cost of production. This is because the firm is currently operating at full capacity, meaning that it has all the business it can handle. Charging a price above Marginal Cost would result in lost sales, as customers would switch to other suppliers who are
charging a lower price for the same product. Charging a price below Marginal Cost would result in losses for the firm, as it would not be covering its costs of production.Step-by-step explanation:In a perfectly competitive market, the price
of a good is equal to its Marginal Cost of production. This is because if a firm charges a price above Marginal Cost, customers will switch to other suppliers who are charging a lower price for the same product. This will result in lost
sales for the firm, and it will have to lower its price to remain competitive. On the other hand, if a firm charges a price below Marginal Cost, it will not be covering its costs of production and will incur losses. Therefore, in order to maximize profits, a firm should charge a price equal to its Marginal Cost of production.In the case of ADJ Enterprises, the firm is currently producing a quantity of hydrothermocorticoids where Marginal Revenue is equal to Marginal Cost. This means that the firm is already charging the profit-maximizing price. Therefore, ADJ Enterprises should continue to charge the same price for its hydrothermocorticoids, as long as its costs of production remain constant and there are no changes in market conditions.
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ADJ Enterprises should charge a price equal to its marginal cost for its hydrothermocorticoids.
This is because the hydrothermocorticoid market is perfectly competitive, which means that there are many producers of identical products, and there are no barriers to entry. As a result, firms in a perfectly competitive market are price takers, meaning they have no control over the price they can charge for their product.
In addition, the fact that ADJ is currently operating at full capacity and producing a quantity of hydrothermocorticoids where marginal revenue is equal to marginal cost suggests that the firm is already producing at the profit-maximizing level. Charging a price above marginal cost would result in fewer sales and lower profits, while charging a price below marginal cost would result in a loss. Therefore, charging a price equal to marginal cost is the only viable pricing strategy for ADJ in the perfectly competitive hydrothermocorticoid market.
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Sally has a decision to make about what she will do in the next 2 years. She can go to school or go straight into the work force. If Sally immediately starts working she will eam 20,000 both years and 2. If she goes to school in year 1 she must pay \$5,000, , but she would eam in year 2. If the interest rate is 5%, calculate the present value for Sally if she goes to school and if she does not. Does the investment in school make sense? Does it make sense if the interest rate is 6% or 4%?
Answer:
1(a) PV for Sally if she goes to school = $38,322.00
1(b) PV for Sally if she does not go to school = $37,188.21
1(c) Since the present value for Sally if she goes to school of $38,322.00 is greater than the present value if she does of $37,188.21, the investment in school makes sense.
2(a) PV for Sally if she goes to school = $37,557.85
2(b) PV for Sally if she does not go to school = $36,667.85
2(c) Since the present value for Sally if she goes to school of $37,557.85 is greater than the present value if she does not of $36,667.85, the investment in school makes sense.
3(a) PV for Sally if she goes to school = $39,108.73
3(b) PV for Sally if she does not go to school = $36,667.85
3(c) Since the present value for Sally if she goes to school of $39,108.73 is greater than the present value if she does not of $37,721.89, the investment in school makes sense.
Explanation:
Note: This question is not complete. The complete question is provided before answering the question as follows:
Sally has a decision to make about what she will do in the next 2 years. She can go to school or go straight into the workforce. If Sally immediately starts working, she will earn $20,000 in both years 1 and 2. If she goes to school in year 1, she must pay $5,000, but she would earn $47,500 in year 2. If the interest rate is 5%, calculate the present value for Sally if she goes to school and if she does not. Does the investment in school make sense? Does it make sense if the interest rate is 6% or 4%?
The explanation of the answer is now provided in 3 parts as follows:
To calculate the present value of an amount, the following formula is used:
PV = FV / (1 + r)^n ………………. (1)
Where:
PV = present value of an amount
FV = Future value an amount in a particular year
r = interest rate
n = the year in focus
Therefore, we have:
1(a) If the interest rate is 5%, calculate the present value for Sally if she goes to school
Using equation (1), we have:
PV of amount to pay in Year 1 = $5,000 / (1 + 0.05)^1 = $4,761.90
PV of earnings in Year 2 = $47,500 / (1 + 0.05)^2 = $43,083.90
Present value for Sally if she goes to school = PV of earnings in Year 2 earnings - PV of amount to pay in Year 1 = $43,083.90 - $4,761.90 = $38,322.00
1(b) If the interest rate is 5%, calculate the present value for Sally if she does not go to school
Using equation (1), we have:
PV of Year 1 earnings = $20,000 / (1 + 0.05)^1 = $19,047.62
PV of Year 2 earnings = $20,000 / (1 + 0.05)^2 = $18,140.59
Present value for Sally if she does not go to school = PV of Year 1 earnings + PV of Year 2 earnings = $19,047.62 + $18,140.59 = $37,188.21
1(c.) Does the investment in school make sense?
From parts 1(a) and 1(b) above, since the present value for Sally if she goes to school of $38,322.00 is greater than the present value for Sally if she does not go to school of $37,188.21, the investment in school makes sense.
2(a) If the interest rate is 6%, calculate the present value for Sally if she goes to school
Using equation (1), we have:
PV of amount to pay in Year 1 = $5,000 / (1 + 0.06)^1 = $4,716.98
PV of earnings in Year 2 = $47,500 / (1 + 0.06)^2 = $42,274.83
Present value for Sally if she goes to school = PV of earnings in Year 2 earnings - PV of amount to pay in Year 1 = $42,274.83 - $4,716.98 = $37,557.85
2(b) If the interest rate is 6%, calculate the present value for Sally if she does not go to school
Using equation (1), we have:
PV of Year 1 earnings = $20,000 / (1 + 0.06)^1 = $18,867.92
PV of Year 2 earnings = $20,000 / (1 + 0.06)^2 = $17,799.93
Present value for Sally if she does not go to school = PV of Year 1 earnings + PV of Year 2 earnings = $18,867.92 + $17,799.93 = $36,667.85
2(c.) Does the investment in school make sense?
From parts 2(a) and 2(b) above, since the present value for Sally if she goes to school of $37,557.85 is greater than the present value for Sally if she does not go to school of $36,667.85, the investment in school makes sense.
3(a) If the interest rate is 4%, calculate the present value for Sally if she goes to school
Using equation (1), we have:
PV of amount to pay in Year 1 = $5,000 / (1 + 0.04)^1 = $4,807.69
PV of earnings in Year 2 = $47,500 / (1 + 0.4)^2 = $43,916.42
Present value for Sally if she goes to school = PV of earnings in Year 2 earnings - PV of amount to pay in Year 1 = $43,916.42 - $4,807.69 = $39,108.73
3(b) If the interest rate is 6%, calculate the present value for Sally if she does not go to school
Using equation (1), we have:
PV of Year 1 earnings = $20,000 / (1 + 0.04)^1 = $19,230.77
PV of Year 2 earnings = $20,000 / (1 + 0.04)^2 = $18,491.12
Present value for Sally if she does not go to school = PV of Year 1 earnings + PV of Year 2 earnings = $19,230.77 + $18,491.12 = $37,721.89
3(c.) Does the investment in school make sense?
From parts 3(a) and 3(b) above, since the present value for Sally if she goes to school of $39,108.73 is greater than the present value for Sally if she does not go to school of $37,721.89, the investment in school makes sense.
Evara Cosmetics Inc. is a company that operates in 20 countries around the globe. The company clearly understands that the skin and hair type of customers varies from one country to another. Consequently, its products are customized to suit local needs and preferences of customers, even though the costs incurred while producing these products are exceptionally high. This strategy helps the company behave as a local firm in a foreign market. In this scenario, which of the following strategies is Evara Cosmetics Inc. most likely pursuing?
1. a multi-domestic strategy
2. an international strategy
3. a global-standardization strategy
4. a one-product strategy
Answer:
1. a multi-domestic strategy
Explanation:
A multi-domestic strategy is used by businesses to maximise local profitability in a society.
This is done by customising their products and marketing strategy to specific local needs.
It allows a business to compete favourably in various domestic markets.
In the given scenario Evra Cosmetics customized to suit local needs and preferences of customers, even though the costs incurred while producing these products are exceptionally high.
They are using the multi-domestic strategy to make a foreign company behave like a local one in the market.
All of the following are true statements about Individual Retirement Accounts EXCEPT: A the earliest a taxpayer may make an annual contribution is January 1st of that tax year B the latest a taxpayer may make an annual contribution is April 15th of the following tax year C if the taxpayer obtained a 4 month filing extension, he can make the annual contribution up to the extension date D annual contributions may be made even if the person is covered by another qualified retirement plan
The statement that "if the taxpayer obtained a 4 month filing extension, he can make the annual contribution up to the extension date" is an untrue statement about an Individual Retirement Account.
What is an Individual Retirement Account?
An Individual Retirement Account refers to a saving account that allows workers to save their money for retirement in a tax-advantaged way.
The true statement about the Individual Retirement Account includes:
the earliest the taxpayer can may make an annual contribution is January 1st of the tax year.the latest the taxpayer can may make an annual contribution is April 15th of the following tax year.the annual contributions may be made even if the person is covered by another qualified retirement plan.Therefore, the Option C is correct.
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You are an oat farmer who decides to sell a
call with a strike price of $4.90 for a premium of
$0.25.
If the futures price ends up at $4.85 (and your cash price is
$4.50), find your net price.
To calculate the net price as an oat farmer who sold a call option, we need to consider the premium received and the difference between the strike price and the futures price.
In this scenario, the strike price of the call option is $4.90, and the premium received is $0.25. The futures price ended up at $4.85, which is lower than the strike price. However, the cash price at $4.50 is even lower than the futures price.Since the futures price is below the strike price, the call option is out of the money and will not be exercised by the buyer. Therefore, as the seller, you get to keep the premium received.The net price, in this case, would be the cash price ($4.50) plus the premium received ($0.25):Therefore, the net price as an oat farmer in this situation would be $4.75.
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A firm that is considering changing the colors used on its packaging wants to determine the effect of different color schemes on sales. To do so, the firm places three different packages in stores in three different markets. What type of research is this
Based on the information given the type of research is: Experimental research.
What is experimental research?An experimental research can be defined as the research method that is carried out by researcher when they want to conduct a research about an invention.
Researcher tend to make use of variables when conducting an experimental research as this will help to give them the accurate result they are expecting after conducting the experiment.
Inconclusion the type of research is: Experimental research.
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Answer: Experimental
Explanation: An experiment involves determining cause-and-effect relationships between variables.
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
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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You write a short story, but you want to make sure your work is protected before you post it online. What should you do to help protect your copyright? (Site 1)
Answer:
You can add the Copyright symbol. And write a notice below your work saying that if a person has to copy or copy-and-change your work, they should contact you or something. Make sure you leave you email [If you wanna.] And if you see your work any where else, just report the person or talk it out with them.
Explanation:
9. If you found that you were in financial trouble because of credit and had great difficulty paying your monthly bills, what would you do?
Answer:
You would have to cut down on some luxuries, like lots of foods, amusement parks, shopping trips, etc. If you have have extra hours, work more hours, quite possibly take another job.
Explanation:
. In which phase of the Job Search Journey would you network with others to find job openings?
a. Prepare for the Journey
b. Create Your Resume
c. Apply for Jobs
d. Shine at Interviews
e. Connect, Accept, and Succeed
Prepare for the Journey and Apply for Jobs are the phases of the Job Search Journey when networking with people to identify job openings takes place. So, choices (A) and (C) are the right answers.
Many job seekers investigate the companies to which they are applying, and some employers view evidence of this as a positive sign of excitement for the position or the firm or as a measure of thoroughness.
Information gathered may include available positions, full names, addresses, websites, Job Search business descriptions, the year the company was founded, sales, the number of employees, the stock price,
if it is publicly traded, Journey the name of the chief executive officer, major goods or services, significant rivals, and strengths and weaknesses.
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Which are the fundamental questions that every society must answer Mcq?
Every society must decide what to produce, how to produce it, and for whom to produce it because we live in a world of relatively scarce resources.
And must make careful economic choices about how to use these resources. Economic systems answer three fundamental questions: what will be produced, how will it be produced, and how will the output society produces be distributed? Scarcity – is the fundamental problem facing all societies. It is the condition that results from society not having enough resources to produce all the things that people would like to have. Due to limited resources, scarcity is a fundamental problem in every society.
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Some banks pay interest only on the minimum or smallest balance on deposit during an interest period. Helen Lamb had a balance of $783 in such an account on July 1. Annual interest is 2.7% compounded quarterly. She withdrew$170 on August 17 and deposited $200 on September 12. What was Helen’s minimum balance during the quarter?
Helen's minimum balance during the quarter was $613.
What is Minimum Balance in Account?According to the terms and conditions of the account agreement, a customer is required to keep the smallest amount of money in their account for a predetermined amount of time. This amount is known as the minimum balance in an account. Depending on the type of account and the bank's policies, the minimum balance can be set at a certain amount or it can change.
Plugging in the values, we get:
A = 783(1 + 0.027/4)^(4*(3/12))
A ≈ $791.13
So the balance at the end of the quarter, before the deposit, was about $791.13.
Next, we need to figure out the impact of the withdrawal and deposit:
August 17: Helen withdrew $170, leaving a balance of $783 - $170 = $613.
September 12: Helen deposited $200, bringing the balance to $613 + $200 = $813.
We can conclude that the minimum balance was $613 because the balance on July 1 was higher than the estimated balance at the end of the quarter, which was $791.13.
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Which is better 21 jump street or 22 jump street?
Answer:
according to my calculation its 21.
Explanation:
As the CEO of your company, you can use only the planning and controlling functions to reach your organizational goals.
Select one:
O True
O False
Answer: False
Explanation:
CEOs are top management and top management use all five functions of management to ensure that the company reaches its goals and objectives.
The CEO has to use planning to to decide what long term strategies the company will use to achieve its goals. They have to use controlling to evaluate and improve the methods the company is taking to achieve its long term goals.
They also have to use staffing to hire the best top level and middle level talents that can push the company forward. As management they have to use leading to get the employees inspired to move the company forward and finally they will use organizing to put the various processes in the company together to ensure that the company's goals are met.
describe factors that are used to identify an act or practice as being unfair, deceptive, or abusive (udaap).
There are some common factors that are generally considered when assessing whether an act or practice falls under UDAAP. These factors include; Substantial injury, Lack of consumer understanding, Deceptive representations, and Violation of established laws or standards.
Substantial injury or harm; The extent of harm or injury caused to consumers is a crucial factor in determining UDAAP. If the act or practice results in significant financial, physical, or emotional harm to consumers, it may be considered unfair or abusive.
Lack of consumer understanding; If an act or practice exploits consumers' lack of understanding or knowledge, it may be deemed deceptive or unfair. This includes misrepresenting or withholding important information that could affect consumers' decision-making process.
Deceptive or misleading representations; Making false or misleading statements, omitting important information, or engaging in deceptive advertising practices are key indicators of UDAAP violations. This includes false claims, deceptive pricing, hidden fees, or misleading product descriptions.
Violation of established laws or standards; If an act or practice violates existing consumer protection laws, regulations, or industry standards, it can be considered an indicator of UDAAP.
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what is 3/5 of 18 800
Answer:
11,280
Explanation:
3/5 of 18 800
=3/5 x 18 800
=0.6 x 18,800
=11,280
explain advertisement
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
Why proprietor is crucial in the private organization?
Answer:
A possible main reason for all of these business is to be able to earn profit and increase their market's shares. However, the unlimited liability is more important, the owner's business assets and his or her personal assets will basically be owned by the creditors when the business faces financial losses.
review of the nigerian economy
Answer:
amazing
Explanation:
Hugh is interested in making a lot of money. He is a very good salesperson. People tell him he could sell sand in Saudi Arabia! He is also a very hard worker, and is willing to work a lot of hours to make the kind of money he wants. Hugh should most likely look for the kind of job that is paid
The type of Job that Hugh has to look for should be the one that can pay him by commission.
What is a commission?This is the money that a person is paid after they have brokered a deal. The commission is the money.
This is the service charge that Hugh is going to charge to his clients whenever he helps them.
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What component of GDP would a consumer buying a new house affect?
O government spending
O net exports
investment
O consumer spending
Answer:
Explanation:
A: the government is not buying the home. You are. Not A
B: The house is not being moved on any soil but American Soil. Not B
C: You could argue that a home is an investment, but not to the GDP. The answer is not C.
D: GDP would call this consumer spending.
Answer:
consumer spending
This is because, consumer spending is the same as personal consumption expenditure
What are the 4 main types of orders in stock market?
The 4 main types of trade order in stock market are:
Market orderLimit orderStop orderStop limit orderStock Market or Trade Order refers to the instrcution given by an investor to his broker to buy or sell the investor's share or security on his behalf through a trading platform.
Market order refers to an order to buy or sell shares immediately without any guaranteee on the execution price. Market order will be executed at or near the current bid or ask price. A broker will buy or sell an investor's shares at the current market price and does not control the amount paid for the share purchased or sale.
Limit order refers to an order to buy or sales of stock at a specific set of price or better. Limit order allows an investor to buy or sell shares at his desired price and avoid purchasing or selling price at his undesired price. Limit order will only be executed if the market price in line with the limit oder price. Limit order might come in a form of buy limit or sell limit orders.
Stop order would be executed if the price market reaches the specific desired price, or stop price. Stop order will trigger market order once the market price reaches the stop price. Stop market is used to avoid larger losses or to lock in profits.
Stop-limit order refers to a conditional order that requires placing two prices - the stop price and the limit price. Stop-limit order will trigger limit order when the stock hits the stop price. Stop-limit order will guarantee a price limit and guarantees an order execution but not necessarily at the stop order price.
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(Easy) Select the correct answer. Under which market structure does a firm have negligible influence over product pricing? {P!a+0}
A. perfect competition
B. monopoly
C. oligopoly
D. monopolistic competition
E. command economy
I NEED HELP PLS DONT RESPOND WITH A LINK
_______ used the terms Theory X and Theory Y to describe different attitudes managers had about employees.
Douglas McGregor
Victor Vroom
Elton Mayo
Robert Colby
in a popular gambling game, three dice are rolled. for a $1 bet you win $1 for each 6 that appears (plus your dollar back). if no 6 appears you lose your dollar. what is your expected value?
Your expected value is -0.0784.
In this game, there are six possible outcomes for each roll of the three dice. You can get zero, one, two, or three 6's. Let's calculate the probability of each outcome:
Probability of getting zero 6's: There are five ways to roll each die that is not a 6, so the probability of rolling three non-6's is (5/6)³ = 0.5787.
Probability of getting one 6: There are three ways to choose which die will be the 6, and five ways for each of the other two dice to not be a 6. So, the probability of rolling exactly one 6 is 3 x (5/6)² x (1/6) = 0.2893.
Probability of getting two 6's: There are three ways to choose which two dice will be the 6's, and five ways for the other die to not be a 6. So, the probability of rolling exactly two 6's is 3 x (5/6) x (1/6)² = 0.0482.
Probability of getting three 6's: There is only one way to roll three 6's, so the probability is (1/6)³ = 0.0046.
Now, let's calculate the payout for each outcome:
Zero 6's: You lose $1.
One 6: You win $1 (plus your dollar back).
Two 6's: You win $2 (plus your dollar back).
Three 6's: You win $3 (plus your dollar back).
To calculate the expected value, we multiply each payout by its probability and then add up the products:
Expected value = (-1 x 0.5787) + (1.5 x 0.2893) + (2.5 x 0.0482) + (3.5 x 0.0046) = -0.0784
Therefore, the expected value of this game is negative, which means that over many plays, you would be expected to lose money.
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Suppose you are the manager of a watchmaking firm operating in a perfectly competitive market. - Your total cost of production is given by: TC=76+5
∗
q+1
∗
q
2
, where q represents the units of output. - The current market price for watches is $95 and your optimal (profit-maximizing) level of output is 45 . (a) Is the current price a long-run equilibrium price? (Yes/No) (b) Determine the correct long-run equilibrium price. (Note: Let the decimal places float in all calculations - then round your final answer to one decimal place. If the current price is the long-run equilibrium price, just enter that price.)
(a) No. (b) The current market price of $95 is higher than the minimum ATC of approximately $57.69, the current price is not a long-run equilibrium price.
(a) To determine if the current price is a long-run equilibrium price, we need to compare it to the long-run equilibrium price. In a perfectly competitive market, firms maximize their profits by producing where marginal cost (MC) equals marginal revenue (MR). In the long run, firms also produce at the minimum average total cost (ATC) to maximize their profits.
To find the long-run equilibrium price, we need to find the level of output where MC equals MR and ATC is minimized. Given the total cost of production function TC = 76 + 5q + q^2, we can calculate the marginal cost (MC) by taking the derivative of the total cost function with respect to q:
MC = dTC/dq = 5 + 2q
To find the marginal revenue (MR), we need to consider that in a perfectly competitive market, each additional unit of output sells at the market price. Therefore, MR is equal to the market price, which is $95 in this case.
Setting MC equal to MR, we have:
5 + 2q = 95Solving for q, we find q = 45. This is the optimal level of output, which matches the given information.
Now, we need to determine if the current price of $95 is a long-run equilibrium price. If the price is equal to the minimum ATC at the optimal level of output, then it is a long-run equilibrium price.
To calculate the average total cost (ATC), we divide the total cost (TC) by the level of output (q):
ATC = TC/q = (76 + 5q + q^2)/q = 76/q + 5 + q
Substituting the optimal level of output q = 45, we find:
ATC = 76/45 + 5 + 45 ≈ 7.69 + 5 + 45 ≈ 57.69
Since the current market price of $95 is higher than the minimum ATC of approximately $57.69, the current price is not a long-run equilibrium price.
(a) No
(b) To determine the correct long-run equilibrium price, we need to find the price at which the average total cost (ATC) is minimized. From the previous calculation, we found that the minimum ATC is approximately $57.69. Therefore, the correct long-run equilibrium price is $57.7 (rounded to one decimal place).
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To examine
the weekly payroll of all employees, one would look at the:
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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Why is it a good idea to shop at the same two or three stores from week to week?
Answer:
It is good to shop at the same shop 2-3 times a week so the business can build a Business 2 Customer relationship, and also to gain points and rewards when you go and come back to the shop to entice you into coming and recommending to a friend.
Explanation: