Question 1

Suppose that the demand function is estimated to be Q = 15 – 0.5P. What would be the arc elasticity of demand for the impact of a change in price from $8 to $10?

Question 2

Suppose your company manufactures 2,000 hard drives per year specifically for Apple laptop computers. Suppose your company’s average variable cost is $6 per unit, the annualised cost of investment to build a hard drive factory is $5,000, and market price (market price in the event Apple does not buy) is $8 per unit. Based on the above information, answer the following questions.

(a) How much is your company's relationship specific investment?

(b) How much is your company's rent if Apple agrees to purchase the 2,000 hard drives at $10 per unit?

(c) How much is your company's quasi-rent if the deal your company had with Apple in part (b) falls apart?

Question 3

In a six-firm market, if all firms charge the monopoly price, the per-period industry profit equals $500,000. In that same six-firm market, if all firms charge the prevailing price, the perperiod industry profit is $250,000. If the pricing period is one-month long, what is the maximum discount rate required for each firm to have an incentive to independently price at the monopoly level? Show your work for full marks

Question 4

Consider two industries, industry X and industry Y. In industry X there are six companies, where one company has 25% market share and each of the other five companies has a market share of 15%. In industry Y there are four companies, where one company has 70% market share and each of the other three companies has a market share of 10%. Based on the above information,

(a) calculate the two-firm concentration ratio for each industry.

(b) calculate the Herfindahl index for industry X.

The four strategies mentioned are not explicitly provided in the given information. However, based on the context, I can provide a general assessment of strategies commonly used in advertising and marketing, along with an example for each category.

Emotional Appeal: This strategy aims to evoke emotions in the target audience to create a connection with the brand or product. For example, a commercial showing a heartwarming family reunion during the holidays to promote a travel agency's vacation packages. Celebrity Endorsement: This strategy involves using well-known personalities to endorse a product or brand, leveraging their influence and credibility.  Humor: This strategy utilizes humor to capture the attention of consumers and create a positive association with the brand. Storytelling: This strategy involves creating narratives that engage and resonate with the audience, often conveying a brand's values or the product's benefits.

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The maximum amount of rent that Mike can deduct this year depends on the accounting method he is using. That is $ 2800 under the cash method and $ 8400 under the accrual method.

If Mike is using the cash method of accounting, he can deduct the rent payments that he actually paid during the tax year. Since he started the business on September 1st, he would have paid rent for the months of September, October, November, and December, a total of 4 months. Therefore, the maximum amount of rent that he can deduct this year is $700 x 4 = $2800.

If Mike is using the accrual method of accounting, he can deduct rent payments for the period that he is entitled to the use of the property, regardless of when he paid the rent. Since he started the business on September 1st and paid 12 months of rent in advance, he is entitled to use the property for the entire year. Therefore, the maximum amount of rent that he can deduct this year is $700 x 12 = $8400.

It's important to note that if Mike elected to use the cash method of accounting, he must stick with it for at least the first year of business and for future years unless he receives the IRS approval to change it.

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One argument in favor of net neutrality is that to fairly compete, small, medium, and large firms should have the same Internet bandwidth (option c).

Net neutrality is the principle that all data on the Internet should be treated equally, regardless of the source, destination, or content. This ensures a level playing field for all businesses and prevents ISPs (Internet Service Providers) from discriminating against specific companies or services.

Under net neutrality, all businesses, whether small startups or large corporations, have equal access to the Internet and its resources. This promotes innovation, competition, and growth in the digital economy, as no company is given an unfair advantage over another due to preferential treatment by ISPs. Without net neutrality, larger companies could pay more for faster Internet access, which would put smaller businesses at a disadvantage and potentially limit consumer choice.

Furthermore, net neutrality prevents ISPs from blocking or throttling (slowing down) access to specific websites or services, ensuring that the Internet remains open and accessible to all. This allows individuals and businesses to freely access the information and resources they need, without fear of censorship or discriminatory practices by broadband providers.

In conclusion, net neutrality is essential for fostering fair competition among businesses of all sizes and maintaining an open, accessible Internet for all users. By ensuring equal access to Internet bandwidth, net neutrality supports innovation, growth, and freedom of information in the digital age. The correct option is c.

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Net neutrality argues for equal treatment of all Internet traffic, promoting fair competition between businesses of all sizes. It ensures startups and small businesses can compete with larger companies, making it essential for a free and democratic internet.

The correct answer to this question is option (c) 'To fairly compete, small, medium, and large firms should have the same Internet bandwidth'. Net neutrality is the principle that all Internet traffic should be treated equally, without any discrimination or preference given to any type of content, application, service, or device. This concept ensures that all Internet service consumers, whether they are small businesses, large corporations, or individual users, have fair and equal access to the Internet. It supports competitiveness and innovation by providing a level playing field so that startups and small businesses can compete with larger, more established companies. Thus, net neutrality is essential for a free, open, and democratic internet.

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The term that best fits the scenario is: Price floor In the given scenario, Garret is glad to know that he will be paid at least $7.25 per hour.

This indicates that there is a minimum wage requirement set at $7.25, which acts as a price floor. A price floor is a government-imposed minimum price that is set above the equilibrium price in a market. It ensures that workers receive a certain minimum wage for their labor.

The other options mentioned, such as black market, license, and quota, do not relate directly to the scenario described. A black market refers to illegal or unregulated economic activities, a license refers to a legal permission or certification, and a quota refers to a restriction on the quantity of goods or services that can be produced or imported. None of these terms align with the context of Garret seeking employment and being guaranteed a minimum wage.

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Answer:

Subject: Request List: Approved Reference Books for Space Exploration Article

Dear Mr. Jackson,

I am writing to request you to email me the list of approved reference books for the space exploration article. We had discussed some tentative suggestions in our previous meeting. We are a bit behind schedule with writing the article. The reference book list will be a great help to us. Thank you for your time in considering this request.

Sincerely Yours,

Janice Collins

Head Writer

Star Communications

2563 Maple Road

Sunny City, CA 4523

Tel: (123) 456-7890

THIS IS THE EXAMPLE ANSWER!

Answer: Advertising

Explanation:

Organization do have different ways they promote their products. A firm that is using paid, non-personal communication by identified sponsors through various media has chosen to use advertising to promote its products.

Advertising ia commonly described as any paid, nonpersonal communication via the used of different media by organizations and individuals who are in some way known in the message.

Advertising uses a lot of related, well-timed, carefully placed television ads along with print advertising in some magazines and newspaper.

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The answer option which is not an example of an expense account is: E. Accrued.

An expense account can be defined as a type of account that include an amount of money (funds) that are paid to an employee by an employer of labor, so as to enable the employee spend the fund on things related to his or her job.

In Business management, some examples of an expense account include the following:

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Answer:

New and improved products, services, or technology from entrepreneurs enable new markets to be developed and new wealth to be created. Additionally, increased employment and higher earnings contribute to better national income in the form of higher tax revenue and higher government spending.

Explanation:

here is your answer if you like my answer please follow

Considering the available options, Realtors are known to have various functions, including options A and B only.

Generally, Realtors are known to perform many responsibilities, including the following:

Hence, in this case, it is concluded that the correct answer is option D. "A and B only."

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The net worth of the person, using the given information, can be found to be $ 1, 200

The value of all assets less the sum of all obligations is what is known as net worth. In other words, net worth is the sum of all assets minus all liabilities.

A person's or company's net worth is the value of their assets less the amount of obligations they have. It is a crucial indicator for assessing a company's health because it offers a helpful overview of its present financial situation.

In the financial industry, one's net worth—also known as net wealth—is used to determine whether a person is eligible for a particular set of investment opportunities or financial products, such as hedge funds, structured products, or other sophisticated or alternative investments.

The net worth of a person can be found by the formula :

= Assets - Liabilities

= 3, 500 + 1, 000 + 80 + 120 - 3, 000 - 500

= 4, 700 - 3, 500

= $ 1, 200

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Answer:

The price is higher then it was yesterday

Explanation:

A sunk cost is money that has already been spent and cannot be recovered. In business, the axiom that one has to "spend money to make money" is reflected in the phenomenon of the sunk cost.

Sunk Costs are those costs that cannot be recovered by any means, i.e., money, once invested, is gone forever.

They should not be considered for making any future decisions like whether to continue the investment or not, as these costs cannot be recovered, and decisions should only be made based on relevant costs.

Sunk costs are considered fixed costs, but remember that all fixed costs are not considered sunk costs.

One simplest example of sunk cost is employees working on a probation period. You have paid a joining bonus to the probationer, but the results aren’t satisfactory, so you terminate the probation contract and fire the probationer from their job. The joining bonus is considered a sunk cost, as you won’t be seeing it again.

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Money that has been spent and cannot be recovered is known as sunk costs.

Sunk costs are sometimes called a retrospective cost, referring to an investment already incurred that can’t be recovered. Examples of sunk costs in business include marketing, research, new software installation or equipment, salaries and benefits, or facilities expenses. By comparison, opportunity costs are lost returns from resources that were invested elsewhere.

Economists suggest that, in theory, sunk costs are not relevant to future decision-making. In practice, however, sunk costs can and do significantly influence decisions about the future. This is largely because it’s psychologically challenging to let go of previously invested time, effort, or financial resources even if the outcome of those investments fails to meet expectations. A sunk cost refers to money that has already been spent and cannot be recovered.

A manufacturing firm, for example, may have a number of sunk costs, such as the cost of machinery, equipment, and the lease expense on the factory.

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In equilibrium, the amount of involuntary unemployment is determined by the labor market's supply and demand dynamics.

In equilibrium, involuntary unemployment occurs when there is a mismatch between the quantity of labor supplied by workers and the quantity of labor demanded by employers. If the quantity of labor supplied exceeds the quantity of labor demanded, there will be involuntary unemployment as some workers are unable to find employment at the prevailing wage rate.

The presence of voluntary unemployment depends on individual choices and preferences. Some individuals may choose to be voluntarily unemployed if the prevailing wage rate is below their reservation wage, which is the minimum wage they are willing to accept for work. These individuals may decide to remain unemployed until the wage rate reaches their reservation wage or until more desirable job opportunities become available.

Hence, in equilibrium, the level of involuntary unemployment is determined by the supply and demand dynamics in the labor market. Individuals who are voluntarily unemployed are those whose reservation wage exceeds the prevailing wage rate, and they choose not to accept employment at the given wage level.

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Omni-channel is the first strategic approach in the course. Below are for the  have are posted  The process are of the  evolution from Multi-channel into Omni-channel Digital marketing Strategy is as follows Multichannel Digital Marketing  are the main Strategy.

The first strategy employed was multi-channel digital marketing strategy. This strategy offered consumers the choice of purchasing through various channels such as phone, retail, or website. However, all channels operated autonomously, and there was no sharing of information between the channels. This led to poor customer experience, and companies lost customers to their competitors Cross-Channel Digital Marketing Strategy: The second approach was the cross-channel digital marketing strategy. This strategy involved the integration of different channels so that they could work together in the same way. For instance, the shopping cart would work across all channels, allowing consumers to add items to their carts on their mobile devices and then complete their purchase on their desktop computers. Omni-Channel Digital Marketing Strategy

The third and most advanced strategy was the omni-channel digital marketing strategy. This approach involved seamless integration of all the channels that businesses use to interact with customers. This approach involved the are creation of a unified customer experience across all channels. The various channels share information so that they are customers can have a consistent and positive experience no matter the channels they use. Omni-channel is related to the ideas of seamless communication and user experience as it ensures that consumers have a consistent and positive experience regardless of the channel they use to interact with a business. The concept of seamless communication involves providing consumers with a seamless experience across channels. Users want to be able to products and services using their preferred channels with ease, regardless of the device they are using. The ultimate goal of omni-channel marketing is to enhance the user experience, which is an essential part of providing a seamless customer experience. By doing so, a business can reduce churn rates, build customer loyalty, and increase the lifetime value of a customer.

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Answer:

Answer: sole proprietorship

limited liability company

partnership

corporation

cooperative.

non profit corparation

Explanation:

Answer:

im pretty sure it would be A

Explanation:

Answer:

Explanation:

operating large equipment

testing and fixing machinery

recording information

tracking supplies

Operating large equipment, testing and fixing machinery, recording information, and tracking supplies are some tasks commonly performed in Power, Structural, and Technical Systems jobs.

Power can be defined as the amount of work completed in a given amount of time. Watt (W), which is derived from joules per second (J/s), is the SI unit of power. Horsepower, which is roughly equivalent to 745.7 watts, is sometimes used to describe the power of motor vehicles as well as other machines.

The watt is the power unit. A body's power is measured in watts when it exerts effort at a rate of 1 joule per second. A man's "present capabilities, to achieve some future apparent good" is how Thomas Hobbes described power.

Possessing the ability to influence your surroundings is known as personal power. The five main sorts of power—reward power, coercive power, legitimate power, expert power, as well as referent power—can be used to achieve this.

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Answer:

The four stages of the economic cycle are also referred to as the business cycle. These four stages are expansion, peak, contraction, and trough. During the expansion phase, the economy experiences relatively rapid growth, interest rates tend to be low, production increases, and inflationary pressures build

Answer:

C. Partnership Agreement

Explanation:

It's the legal document that dictates the way a business is run and details the relationship between each partner.

Answer:

money

Explanation:

because when you have a business you are making money

As Elisa gets ready to open her new business, she has identified the tasks that need to be accomplished and has assigned employees to each task. This illustrates Division of labor.

Division of labor is the process of breaking down a work process into a number of tasks, each of which is carried out by a different person or group of people. It is one of the fundamental organizational principles of the assembly line and is most frequently used in mass production systems.

Food collecting is a fairly simple illustration of the division of labor. Men would hunt in early societies, while women and children would prepare the food and gather berries. The concept was that it was a relatively straightforward division of labor to allow for the greatest use of various skill sets.

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Answer:

quality of life.

Explanation:

Financial skills are those skills that help to manage finances, maintain financial stability, etc. These skills are usually acquired by financial analyst, financial managers, accountants, etc.

Personal financial skills are the same, but having such personal skills helps one to maintain personal financial flow. It enhances ones quality of life. A person who aquires personal financial skills will be able to maintain the budget, will be able to know right things and ways to spend money on, will have low debts tensions, etc.

Thus the correct answer would be 'that the person will have a quality of life.'

Answer:

C: Quality of life

Explanation:

on edge2021! hope this helps!~ (*^▽^*)

All of the aforementioned are principles of scrum development except: B. testing the project once during development.

In Computer technology, some examples of the models and methodologies that are typically used in the software development life cycle (SDLC) include the following;

In Agile software development, the software development team are generally more focused on the production of functional and active software programs with less effort on documentation, while ensuring that adjustments can be made when necessary.

Additionally, scrum development is an Agile software development methodology that is typically used for developing software based on an iterative, continuous testing, and incremental processes, which makes it adaptable and fast.

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Investments in research and development (R&D) by companies can create positive externalities in several ways:

1. Knowledge spillovers: R&D activities often generate new knowledge, technologies, and innovations.

advancements can spill over and benefit other firms or industries that are not directly involved in the R&D process. For example, a breakthrough in a particular industry may lead to new insights or applications that can be utilized by other sectors, fostering technological progress and economic growth.

2. Improved industry standards: R&D investments can lead to the development of improved industry standards and best practices. When companies invest in R&D to enhance their products, processes, or technologies, the resulting knowledge and standards can be adopted by other firms in the industry. This leads to efficiency gains and improved quality across the sector as a whole.

3. Human capital development: R&D activities often require skilled researchers, scientists, and technicians. As companies invest in R&D, they contribute to the development and retention of a highly skilled workforce. This human capital development can benefit not only the investing company but also the broader economy by increasing the pool of talented professionals and promoting knowledge dissemination.

4. Technological spillovers: R&D investments can generate new technologies or improve existing ones. These technological advancements can diffuse and benefit other firms or industries, leading to increased productivity, efficiency, and innovation. For example, advancements in renewable energy technologies can benefit multiple sectors and contribute to a more sustainable and cleaner environment.

5. Economic growth and competitiveness: R&D investments have long-term positive effects on economic growth and competitiveness. By investing in R&D, companies enhance their capabilities, develop new products or services, and increase their productivity. These improvements contribute to economic growth, job creation, and a more competitive business environment, benefiting the overall economy.

It is important to note that these positive externalities are often non-rivalrous and non-excludable, meaning they can be enjoyed by multiple actors in the economy without diminishing their availability for others. This highlights the significance of R&D investments as a driver of technological progress and societal advancement.

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Answer:

I help u after my online class:))))

Explanation:

I help u after my online class wait my answer

Answer: D. more expensive schools may be cheaper once the net cost has been determined

Explanation:

Choosing the higher education institution with the cheapest sticker price might be a bad idea because more expensive schools may be cheaper once the net cost has been determined.

It should be noted that sticker prices with regards to higher education scan sometimes give false information about the fees which will be eventually be paid. This is because one ma eventually find out that the total fees that were paid in the assumed cheaper school may be more than the expensive school once the net cost has been calculated and determined.

In order for one to be able to make a thorough decision on one's choice of school, higher institutions should provide better and more detailed information regarding the amount that students will pay in their schools net of grants or maybe scholarships.

The higher education institution and the sticker price are directly related to each other higher the education system higher will be the sticker price that is the total cost of the yearly tuition, books, room rents, and other fees that are charged within the institutions.

Choosing the higher education and the cheaper sticker price is a bad idea because:

Option D. more expensive schools may be cheaper once the net cost has been determined.

The higher education and cheaper sticker price are bad because the sticker prices quoted about the fees sometimes gives false information that will be eventually paid in the future once the net cost has been calculated and determined.

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Answer:

\(x=0,\pi,2\pi\)

Explanation:

\(cos^{2}(x)-cos(2x)=0\)

Firstly, we will simplify the double angle formulae

\(cos(2x)=cos(x+x)\\cos(x+x)=cos(x)cos(x)-sin(x)sin(x)\\cos(x+x)=cos^{2}(x)-sin^{2}(x)\)

Now, we can substitute our value for cos(2x) into our original equation.

\(cos^{2}(x)-(cos^{2}(x)-sin^{2}(x))=0\\cos^2(x)-cos^2(x)+sin^2(x)=0\\sin^2(x)=0\\sin(x)=0\\x=arcsin(0)\\x=0,\pi,2\pi\)

(Solutions in the range \(0 \leq x \leq 2\pi\))