The depreciable cost of a plant asset is the original cost less its residual value. O True O False
Answers
True. The depreciable cost of a plant asset is calculated by subtracting its residual value from the original cost.
Depreciation is the process of allocating the cost of a long-term tangible asset over its useful life. The depreciable cost represents the portion of the asset's cost that is subject to depreciation. It is the amount that the asset's value is expected to decline over time.
The original cost refers to the total cost incurred to acquire and prepare the asset for its intended use. This includes the purchase price, transportation costs, installation costs, and any other costs directly attributable to bringing the asset into service.
The residual value, also known as salvage value or scrap value, is the estimated value of the asset at the end of its useful life. It represents the amount that the asset is expected to be worth after depreciation has been fully accounted for.
By subtracting the residual value from the original cost, we determine the depreciable cost. This depreciable cost is then used to calculate the depreciation expense for each accounting period.
In summary, the statement is true. The depreciable cost of a plant asset is indeed the original cost less its residual value.
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Related Questions
When a firm reduces errors before and after delivery to the customer and thus delivers what the customer wants, the firm is said to exemplify the definition of .
Answers
The scenario where a firm reduces errors before and after delivery is known as quality.
What is a firm?It should be noted that a firm simply means an organization that sells and produces a product.
Ina situation where a firm reduces errors before and after delivery to the customer and thus delivers what the customer wants, the firm is said to exemplify the definition of quality.
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. A tomato farmer has used direct distribution to sell to local consumers through an area farmers' market. Last year, she sold 400 bushels of tomatoes at $2.49 a pound. (There are 53 pounds in a bushel of tomatoes.) This year she is considering using an indirect channel by selling to two area supermarkets. She estimates that she can sell 650 bushels at $1.63 a pound. What will be the difference in revenue if she makes the change? What other factors should the farmer consider before changing to indirect distribution?
Answers
Answer:
the farmer's total revenue when she uses the direct channel = 400 x $2.49 = $996
if she uses the indirect channel, her total revenue = 650 x $1.63 = $1,059.50
her total revenue will increase when selling to he supermarkets, but also her variable production costs will increase. This means that it is probable that her total contribution margin decreases even if total revenue decreases.
The farmer's total revenue when she uses the direct channel is $996 and the difference in revenue if she makes the change will be $63.5
What do you mean by Total revenue?
Revenue is the total amount of sales of goods and services. It is calculated by multiplying the total amount of goods and services sold at the price of goods and services.
Total revenue when she uses the direct channel is $996
\(\rm\, Total \,Revenue = 400 \times \$2.49 \\\\\rm\, Total \,Revenue = \$996\)
If she uses the indirect channel, her total revenue is $1,059.50.
\(\rm\,Total \,Revenue = 650 \times \$1.63\\\\\rm\,Total \,Revenue = \$1,059.50\)
The difference in revenue between direct selling and indirect selling:
\(\rm\, \$1,059.50 - \$996 = \$63.5\)
The farmer's total revenue will increase when selling to the supermarkets, but also her variable production costs will increase which has to be kept in mind while choosing indirect selling.
Therefore, the farmer should keep the variable factor costs in mind before selecting indirect selling as the revenue might increase but the percentage of increase probably may not be high.
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PLZZ HELP
just need 50 words for a justification on this topic.....that's all....plzzzzz.......its worth max points so plzzzz make it good.
Analyse how Nike has dominated globally throughout the decades and drives the economy.
Answers
Every company develops a brand reputation. Sometimes it helps the company bring in more revenue, and sometimes it plays against it. That's not the case for Nike, which by sponsoring many high-profile athletes and sports teams all over the world has become one of the most recognized global symbols.
Strong branding is just one of Nike's many competitive advantages. A culture of innovation, plenty of international opportunities for revenue expansion, and significant pricing power make this stock a must watch. Its shares are up almost 50% since early January, but this may be just the beginning.
Founded in 1964 by University of Oregon track athlete Philip Knight and his coach Bill Bowerman, Nike has become a leading player in the athletic footwear and apparel industry. Over the past 40 years, the company has built several competitive advantages:
Strong Brand: Nike has been able to establish strong emotional connections with athletes by building one of the most widely recognized brands in the world. Interbrand puts Nike in the 26th position of its Best Global Brands 2012 Ranking, well above Adidas , which is in the 60th position. Pricing Power: Nike's strong brand has enabled the company to set high prices, and therefore enjoy a higher gross margin in footwear than most of its competitors. Just in the latest quarter, the company posted an increase of 110 basis points in gross margin to 43.9%. Global Supply Chain: With more than 1000 factories worldwide and 1 million workers employed, Nike's supply chain overshadows any other competitor. The company has the resources needed to supply the world with top-quality shoes without any trouble.
These advantages have allowed the company to more than double its revenue in the past 10 years. As earnings per share grew at a compounded rate of 15%, management returned over $15 billion to shareholders via dividend payments and share repurchases. The key behind these figures is massive growth. It took the company 18 years to earn its first $2 billion in revenue. By growing 8% in 2012, the company added that much in just 12 months.
Emerging markets are a massive opportunity for Nike. Asia and Latin America in particular are set to become the firm's primary growth engines. Both regions will continue experiencing strong demand for its products due to increasing economic prosperity and a strong interest in sports.
The brand is already the leading player in China with more than $2.4 billion in sales in 2012. Because of increasing competition coming from Adidas and Hennes & Mauritz, however, Nike's inventories have started to grow faster than its sales after growing its business 23% between 2011 and 2012. That being said, Nike still has plenty of room left for discounts in order to protect its leading position from Adidas.
Brazil is another key market. According to the company's latest letter to shareholders, management is preparing a marketing plan more ambitious than anything they have done before for the 2014 World Cup and the 2016 Olympics.
Nike's classic rival, Adidas, became stronger after the 2006 acquisition of Reebok. The German sports equipment maker is making steady progress in international expansion, and will also benefit from a sales boost coming from the World Cup next year as it will be sponsoring strong teams, such as Germany, Argentina and Spain. However, by securing more than half of the teams in the 2010 World Cup, including the French and Brazilian national soccer teams, Nike will be the main figure.
The industry certainly looks fierce. That should not be a problem for Nike, however, which has all the competitive advantages needed to keep its leading position in the global athletic footwear, apparel, and equipment market, which is worth as much as $284 billion. With more than a thousand factories all over the world and one of the strongest global brands ever created, Nike is well prepared to capitalize on its emerging markets business and welcome one billion new consumers on the way.
Exchanging a good or service for money is called
Answers
Answer:
The meaning of the word is Exchange
Explanation:
Putting money into more than one kind of investment at a time is called liquidity. sunken cost. diversification. compound interest.
Answers
Answer:
diversification
Putting money into more than one kind of investment at a time is called diversification.
What is diversification?Diversification is the process of investing in diverse opportunities so as to reduce non-systemic risks. For example, if a person buys the stock of a health care company, in order to diversify, the person might invest in the stocks of an automobile company.
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At a plant where a union agreement sets annual salaries and conditions, annual labor costs usually ________.
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At a plant where a union agreement sets annual salaries and conditions, annual labor costs usually increase. This is because the union agreement typically establishes minimum salary levels and may include provisions for regular salary increases based on factors such as seniority or cost of living adjustments.
These agreed-upon salaries contribute to the overall labor costs for the plant. It's important to note that other factors, such as the number of employees and any additional benefits provided by the agreement, can also impact the overall labor costs. However, the presence of a union agreement generally leads to an increase in annual labor costs compared to plants without such agreements.
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It is a type of financial intermediary that pools savings of individuals and makes them available to business and government users. Funds are obtained through the sale of shares.
Answers
The correct answer to this open question is the following.
Although there are no options provided we can answer the following.
It is a type of financial intermediary that pools the savings of individuals and makes them available to business and government users. Funds are obtained through the sale of shares.
Here we are talking about mutual funds.
When we are talking about a mutual fund in financial terms, this means that a pool of money has been collected from many people who like to invest in money market instruments, bonds, or stocks. The investment is managed by professionals who are experts in money managing and always look to gain profitable interests to their clients. Regularly, this money manager -the expert- prepare a particular investment portfolio to diversify the money of its clients, trying to generate the largest earnings.
Which market or business model best describes Amazon? (visit the site and then decide) Select one: a. Ecosystem b. Peer to peer market c. Two-sided market d. Platform
Answers
The market or business model that best describes Amazon is the platform model. The correct answer is option D.
Amazon operates as a platform, making the platform model the most suitable description of its business. As a platform, Amazon provides a digital infrastructure and marketplace that connects buyers and sellers, enabling them to engage in transactions.
It serves as an intermediary, facilitating the exchange of goods and services between third-party sellers and customers. Amazon's platform allows sellers to showcase their products, manage inventory, and handle order fulfillment, while customers benefit from a wide range of choices and convenient shopping experiences.
The platform model emphasizes the scalability, efficiency, and reach that Amazon has achieved by creating a robust marketplace ecosystem. Hence. option D is correct.
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Alan Patel is a college student living alone in a campus apartment. He finished cooking dinner when his friends text him to join them at the dining hall on campus for dinner. He now has to decide whether to eat the dinner he prepared or walk to campus to meet his friends at the dining hall. Alan should consider all the following costs when making this decision EXCEPT the time it will take to go meet his friends and walk back. amount of money he will spend at the dining hall. money spent on the groceries he used to cook dinner. value he places on not eating dinner alone.
Answers
With the exception of the money spent just on items he used to prepare dinner, Alan should take into account all of the following expenses while making this choice.
Explain the term decision making?Determining a decision, acquiring data, and weighing potential solutions are all steps in the decision-making process.You can make more careful, intelligent decisions by organizing pertinent information and outlining alternatives by following a step-by-step decision-making process.This strategy raises the likelihood that you'll select the one that will satisfy you the most.For the stated question:
College student Alan Patel resides alone in an apartment on campus. When his pals texted to ask him come join them for supper in the university dining hall, he had just finished preparing. He must now choose between eating the meal he cooked and walking to school to meet his buddies there at dining hall.Thus, with the exception of the money spent just on items he used to prepare dinner, Alan should take into account all of the following expenses while making this choice.
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Brainliest please answer ANY ANSWERS WITH NO ANSWER WILL BE REPORTED
Let’s catch up with our law enforcement officer Detective Claire, who is investigating a series of jewelry thefts all over New York City. Claire has a suspect in mind but must find proof before she can charge the suspect in the crimes. As part of her investigation, Claire will need to interview a variety of experts, including some from the Government and Public Administration and the Human Services career clusters. Let’s work along with Claire to gather and assess data (or clues) about the crimes and see if they connect with her suspect.
Claire was first assigned to this case after an upscale jeweler opened his shop one morning to find several display cases empty. Distraught, he phoned police. After Claire arrived, she ordered techs to look for fingerprints and video surveillance footage. She had the owner list the stolen items so that if the thief tried to sell them nearby, police would be on the lookout.
Here is the list of stolen items the owner made, along with the value of items stolen:
TABLE 1 Stolen Item List
Stolen Item Price per item Qty Total Value
5-carat diamond necklace
$32,995
1
Emerald and diamond tennis bracelet
$19,999
3
3-carat diamond engagement ring
$25,560
5
Mother of pearl necklace
$69,000
2
Men’s gold watch
$25,850
4
Unfortunately, the smart thief wore gloves, so no fingerprints were recovered from the scene. They also wore a black balaclava to cover their face, so Claire had almost no data about the thief’s appearance to work with.
Math Problem #1
Copy the table above to your math paper and calculate the total value of items lost in the first jewelry heist.
Over the following year, there were six more heists throughout the city, with total goods stolen valued at $3.75 million. Each time, the thief left no fingerprints and always wore a mask to hide their identity. The last heist did uncover one valuable clue though. As the suspect was filmed loading the jewelry into a black duffel bag, Claire caught a glimpse of a label. When she had the tech team focus in on the bag’s label, Claire found that it was the bag from an expensive French designer.
This clue led Claire to believe that the suspect must be someone who traveled internationally, particularly to France. She reached out to James, a contact in the Foreign Service sector, who was able to verify that French and British authorities had been investigating similar crimes in their countries. James was able to forward their police reports, including this list of the value of items stolen:
Answers
$32,995 + ($19,999 x 3) + ($25,560 x 5) + ($69,000 x 2) + ($25,850 x 4) = $499,743
Therefore, the total value of items lost in the first jewelry heist was $499,743
a 100-ruble tax on each bottle purchased may reduce the consumption of vodka under which circumstance(s)?
Answers
A hundred rouble tax on every bottle bought might also additionally lessen the intake of vodka below which circumstance(s) Option e. both (b.) and (c.)
The required details about Vodka is mentioned in below paragraph.
Vodka is a clean distilled alcoholic beverage. Different sorts originated in Poland, Russia, and Sweden. Vodka consists specially of water and ethanol however on occasion with strains of impurities and flavourings Vodka is a clean distilled alcoholic beverage. Different sorts originated in Poland, Russia, and Sweden. Vodka consists specially of water and ethanol however on occasion with strains of impurities and flavourings.Traditionally, it's far made via way of means of distilling liquid from fermentedcereal grains, and potatoes due to the fact that added in Europe withinside the 1700's. Some contemporary-day manufacturers use fruits, honey, or maple sap because the base.
(COMPLETE QUESTION)
The Russian government wants to reduce the consumption of vodka. A one hundred rouble tax on each bottle purchased may reduce the consumption of vodka under which circumstance(s)?
a. vodka is an inferior good
b. vodka is a normal good
c. vodka is an inferior good and the taxes collected from this tax are rebated to consumers
d. vodka is a normal good and the taxes collected from this tax are rebated to consumers
e. both (b.) and (c.)
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Question 1 of 10 If you make a plan to get a certain amount of a project done each day, what skill have you demonstrated? A. Time management B. Punctuality O C. Moral standards D. Integrity
Answers
Answer: A
Explanation: not sure, but i think its correct
Personal finance questions, answers in complete sentences please. Any help is appreciated :)
1. Define FICO score here: (What does a high or low score show? What is FICO abbreviation for?)
2. Can missing a payment on credit cards, check into cash loans, or rent payments affect your Credit Score? If yes, why?
3. Will credit pulls (hard pulls) affect your credit score?
4. Borrow as little as possible and pay it in full on time wil effect your credit score in what way?
5. Will staying under 30% of your credit limit help your credit score?
Answers
1. The FICO Score is used by lenders to make fast credit risk decisions
The abbreviation means Fair Isaac Corporation.
2. Missing a payment on credit cards, check into cash loans, or rent payments affect your credit score in a negative way.
3. A hard credit inquiry could lower your credit score by as much as 10 points
4. Borrow as little as possible and pay it in full on time wil effect your credit score in a positive way.
5. Yes. Staying under 30% of your credit limit help your credit score.
What is the credit score about?Lenders use the FICO Score to help them make accurate, dependable, and timely credit risk decisions throughout the customer lifecycle. The credit risk score ranks consumers based on their likelihood of meeting their credit obligations on time.
On-time payments are the most important factor influencing your credit score, so missing a payment can be painful. If you have otherwise perfect credit, a payment that is more than 30 days late can reduce your credit score by up to 100 points. If your score is already low, it will have less of an impact but will still cause damage.
Most experts advise keeping your total credit card utilization under 30%. Lower credit utilization rates indicate to creditors that you can use credit responsibly without overusing it, so a low credit utilization rate may be associated with higher credit scores.
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Based on the graph shown above, which of the following is the equallibrium quantity and price at which the compony should sell the truck
Answers
Based on the graph shown above, the following is the equilibrium quantity and price at which the company should sell the truck: option B. 300 trucks at $6 per truck
What is an equilibrium quantity and price?In economics, an equilibrium quantity and price refers to a state in which the quantity of a good or service that a seller is willing to supply is equal to the quantity that a buyer is willing to demand, and the price at which this transaction occurs is the equilibrium price. This is also known as market equilibrium.
At the equilibrium price, there is no surplus or shortage of the good or service, and the market is said to be in balance. If the price is higher than the equilibrium price, there will be a surplus of the good or service, and if the price is lower than the equilibrium price, there will be a shortage.
The equilibrium quantity and price are determined by the interaction of supply and demand in a market. When the supply and demand curves intersect, the equilibrium quantity and price are established.
Therefore, the correct answer is as given above
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The complete question goes thus:
A toy company created a new truck to offer to consumers.
Based on the graph shown above, which of the following is the equilibrium quantity and price at which the company should sell the truck?
A. 200 trucks at $8 per truck
B. 300 trucks at $6 per truck
C. 400 trucks at $8 per truck
D. 200 trucks at $4 per truck
In order to make up for a budget deficit, the government can do what?
Answers
Answer:
print more money
Explanation:
it makes sense if u think bout it
Answer:
Budget deficit is when the government exceeds its budget, meaning they have spent a lot more money than they were initially supposed to, and thus need to get more money for other issues. So what the government will usually do is take out loans and sell government bonds.
Explanation:
Hope this helps :)
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Answers
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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With microfinance, the mechanism of ________ is a way to avoid the problem of imperfect information.
Answers
Answer:
peer lending
Explanation:
With microfinance, the mechanism of ________ is a way to avoid the problem of imperfect information. A) requiring no collateral B) peer lending C) making only small loans D) accepting savings deposits
Imperfect information is when parties to a transaction do not have the same amount of information.
Peer lending is when a borrower is matched with a lender. Information about the borrower is disclosed to the lender. Such information includes :
personal credit quality
age nameeducation genderthis helps to reduce imperfect information
what should managers know about communication in the workplace
Answers
The things that managers should know about communication in the workplace is: Communication can help build strong relationships at workplace.
What is communication?Communication can be defined as the way in which people tend to interact with one another. Communication can be inform of written or oral communication.
Effective communication is essential in a workplace based on the fact that it can help people to build relationship at a workplace . Based on this the manager should know that effective communication can as well help to foster trust among employees.
Therefore effective communication is essential at workplace.
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The government is concerned that the high inflation rate is threatening the sustainability of recent economic growth. What is the best way for the government to reduce the inflation rate?
Answers
Answer:
both raising taxes and reducing government spending, reduce the amount of money in the economy and reduce inflationary pressure on prices
Explanation:
Inflation is a situation where prices of goods and services become high. It can be caused by increased sand where consumers are willing to spend more on goods, or by an increase in production cost forcing suppliers to increase price.
The government can take various measures to control price increase during an inflation.
If money supply is reduced by less government spending and increased tax, there will be less tendency for price to increase.
Consumers will not be able to buy at the high price so suppliers are forced to reduce their prices
An environmental lawyer is not part of the Energy cluster.
True or False for K12
Answers
Answer:
True
Explanation:
Lawyers belong to the Law, Public Safety, Corrections, and Security cluster. Work under this career cluster revolves around protecting citizens and their rights. Lawyers train and acquire university degree before training at the law school.
Lawyers may specialize in a specific area such as crime, tax, environment, and so many others. Other prominent job titles for lawyers include Attorney General, Associate Attorney, Attorney, Attorney at Law, General Counsel, and Partner.
A couple met with the county property appraiser to dispute the assessed value of their home. However, their request for adjustment was denied. What else can they do
Answers
If a couple's request for adjustment of the assessed value of their home was denied by the county property appraiser, there are a few additional steps they can take:
1. Review the denial letter: The couple should carefully read the denial letter provided by the county property appraiser. It may contain information on why their request was denied and any specific instructions on what they can do next.
2. Gather evidence: The couple should collect evidence to support their claim that the assessed value of their home is inaccurate. This can include recent property appraisals, comparable sales data, and any relevant documentation that highlights any issues or discrepancies.
3. Appeal the decision: If the county has an appeal process in place, the couple should follow the instructions provided in the denial letter to file an appeal. They will likely have to submit their evidence and any additional documentation within a specified timeframe.
4. Seek legal advice: If the couple is unable to resolve the issue through the appeal process, they may want to consult with a real estate attorney. The attorney can provide guidance on whether there are any legal options available, such as filing a lawsuit or seeking mediation.
It's important for the couple to be proactive, gather evidence, and follow the proper procedures to increase their chances of getting the assessed value of their home adjusted.
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of you have something to say plz explain your question ok
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which one are the three businesses that will have superbowl commercials this year.
Answers
The three businesses which have Super Bowl commercials this year are Popcorners, Dunkin and Michelob Ultra.
Super Bowl commercials, which are also known as the Super Bowl advertising, are basically the high-profile television advertisements which are basically included in the Super Bowl's American television broadcast. The Super Bowl is basically the championship game of the National Football League.
A lot of fans tune in to the game only to watch the advertisements and therefore Super Bowl commercials have basically developed into a different cultural phenomenon from the football game itself. The The three businesses which have Super Bowl commercials this year are Popcorners, Dunkin and Michelob Ultra.
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which of the following is not a benefit of vertical integration? group of answer choices facilitated investments in specialized assets enhanced product quality improved scheduling lowered cost structure strengthened differentiation advantage
Answers
D) Vertical integration does not have the advantage of a lower cost structure.
Vertical integration: What is it?
By directly managing several phases of the production process rather than relying on external suppliers or contractors, vertical integration is a strategy that helps businesses streamline operations.
A company can achieve vertical integration by acquiring or forming its own manufacturers, distributors, and retail outlets rather than outsourcing these operations.
However, vertical integration may be viewed as having significant potential drawbacks given the sizeable initial capital commitment required.
What Sets Vertical Integration Apart from Horizontal Integration?
The process of acquiring multiple supply chain components that a company does not currently handle is known as vertical integration.
On the other hand, horizontal integration is the practice of purchasing similar businesses to enhance what it already does. Vertical integration increases a company's diversity, whereas horizontal integration may make it more focused on a particular market.
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A substitute in production is a good that is _____ another good, and a complement in production is a good that is _____ another good.
Answers
A substitute in production is a good that is produced in place of another good.
A complement in production is a good that is produced together with another good.
What is a substitute in production?
A substitute is also called as substitutable good. According to consumer theory in economics it is referred to as a product or a service that consumers view as essentially the similar-enough product to another product. In a nutshell, a substitute is a good that can be used in place of the another.
What is a compliment in production?Complements are those goods that are normally consumed together. Substitutes are those goods which are consumed in place of the other. The prices of substitute goods or complementary also shift the "demand curve".
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Two firms operate in a Cournot Duopoly with an inverse market demand function: P=154−2Q, where Q=q 1
+q 2
. Both firms have a total cost structure; TC i
=80+4q i
+q i
2
. Answer the following questions ( 25 pts): a. If both firms wish to compete, what is the optimal quantity for each firm (q i
) and the market price (10pts) ? b. What are the profits for each firm from the strategy in part a (5 pts)? c. If both firms choose to collude and not directly compete, what is the new price, quantity, and profits for each firm (10 pts)? EC: Using your knowledge of game theory, briefly explain if this collusive agreement is stable (creatir a Nash Equilibrium) or if there is any incentive to break such an agreement ( 3pts).
Answers
Optimal quantity for each firm (qi) and the market price If both firms want to compete, we need to find their Nash equilibrium quantity and the market price.
To find Nash equilibrium, we need to solve both firms’ profit-maximization problems simultaneously as below:
\(π1(q1,q2) = (154−2q1−2q2)q1−(80+4q1+q1^2)π2(q1,q2)\)
= \((154−2q1−2q2)q2−(80+4q2+q2^2)\)
Let's first find the optimal quantity for each firm by taking partial derivatives of the above profit function with respect to q1 and q2 and equating it to zero.δ
\(π1/δq1=154−4q1−2q2−4q1−2q1\)
=\(0⇒3q1+q2=77…(1)δπ2/δq2=154−4q1−2q2−4q2−2q2\)
=\(0⇒3q2+q1=77\)…
(2)Now solve both equations simultaneously to find the optimal quantity of each firm:
3q1+q2=77 3q2+q1=77By adding the above two equations,
we get4q1+4q2=154⇒q1+q2=38.5
Since the two firms produce an equal quantity, we get q1 = q2 = 19.25.Now to find the market price, we substitute q1 + q2 = 38.5 into the demand function
:P=154−2Q=154−2(38.5)=77
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In August 2013, a bank was offering 0.67% interest on its savings account, with interest reinvested daily. Find the associated exponential model for the value of a $4,000 deposit after t years. (Assume that there a 365 days in a year.)
A(t) =
Assuming this rate of return continued for five years, how much would a deposit of $4,000 in August 2013 be worth in August 2018? (Round your answer to the nearest
cent.)
Answers
A deposit of $4,000 made in August 2013 would be worth approximately $4,144.29 in August 2018, assuming the interest rate of 0.67% continued with daily reinvestment.
The associated exponential model for the value of a $4,000 deposit after t years, considering the interest reinvested daily and an interest rate of 0.67%, can be expressed as:
A(t) = 4000 * (1 + 0.0067/365)^(365t)
To calculate the value of the deposit in August 2018, which is five years later, we substitute t = 5 into the exponential model:
A(5) = 4000 * (1 + 0.0067/365)^(365*5)
Calculating this expression, we find:
A(5) ≈ 4000 * (1 + 0.0000184)^(1825)
≈ 4000 * (1.0000184)^(1825)
≈ 4000 * 1.0360728
≈ 4144.29
Therefore, a deposit of $4,000 made in August 2013 would be worth approximately $4,144.29 in August 2018, assuming the interest rate of 0.67% continued with daily reinvestment.
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A certified financial advisor, who works for an accredited nonprofit specializing in
helping consumers repay debt in a responsible manner through education,
budgeting, and other tools
Answers
Answer:
credit counselor
Explanation:
A credit counselor is a certified professional whose work entails guiding clients to repay off their debts. A credit counselor is an expert in money management, personal budgeting, and debt control. He or she helps a client develop a debt repayment plan and may negotiate lower interest rates with creditors.
A credit counselor works in a non-profit making organization that offers credit counseling services. They offer advice on finance and money management and educates clients on their preparing personal budget
When a country exports more than it imports, this is known as a trade _________.
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Answer:
trade surplus
The Federal Trade Commission requires advertisers to carry particular information in their advertisements to ensure that consumers will be aware of all the effects, terms, and limitations associated with the use of a product or service under its ______ requirement.
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The Federal Trade Commission requires advertisers to carry particular information in their advertisements to ensure that consumers will be aware of all the effects, terms, and limitations associated with the use of a product or service under its disclosure requirement.
This requirement aims to ensure that consumers are aware of all the effects, terms, and limitations associated with the use of a product or service. The disclosure requirement promotes transparency and consumer protection by preventing misleading or deceptive advertising practices.
Advertisers must present the required information clearly and conspicuously, making it easy for consumers to notice and understand the disclosures. This includes providing relevant details on pricing, product features, warranties, and any potential risks or side effects. The goal is to help consumers make informed decisions when purchasing products or services, preventing any unexpected surprises or negative consequences from uninformed choices.
The FTC also monitors and enforces these disclosure requirements, holding advertisers accountable for any violations. This can include issuing fines, demanding corrective advertising, or requiring refunds to affected consumers. By enforcing these regulations, the FTC promotes fair competition among businesses and fosters consumer trust in the marketplace.
In summary, the Federal Trade Commission's disclosure requirement mandates that advertisers provide essential information to consumers about the effects, terms, and limitations of their products or services, ensuring transparency and fostering informed decision-making.
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