The levels of consumer surplus under monopoly and perfect competition are _____ and _____, respectively.
Answers
The levels of consumer surplus under monopoly and perfect competition are different and higher under perfect competition. The levels of consumer surplus under monopoly and perfect competition are typically different.
Under perfect competition, consumer surplus is generally maximized because there are numerous sellers in the market, leading to competitive pricing and a wide range of available choices for consumers. As a result, consumers can benefit from lower prices and increased consumer surplus. In contrast, under monopoly, there is a single seller or a dominant firm that controls the market. This lack of competition gives the monopolist more control over pricing and reduces consumer surplus. Monopolists can charge higher prices and limit output, resulting in a decrease in consumer surplus compared to perfect competition. Therefore, consumer surplus is typically higher under perfect competition and lower under monopoly.
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Related Questions
A delivery company is considering adding another vehicle to its delivery fleet, all the vehicles of which are rented for $100 per day. Assume that the additional vehicle would be capable of delivering 1500 packages per day and that each package that is delivered brings in ten cents ($.10) in revenue. Also assume that adding the delivery vehicle would not affect any other costs.
a. What is the MRP? $_______
What is the MRC? $__________
Should the firm add this delivery vehicle?
(Click to select) Yes or No
b. Now suppose that the cost of renting a vehicle doubles to $200 per day. What are the MRP and MRC in this situation?
MRP = $ _______
MRC = $ _______
Should the firm add a delivery vehicle under these circumstances?
(Click to select) Yes or No
c. Next suppose that the cost of renting a vehicle falls back down to $100 per day, but, due to extremely congested freeways, an additional vehicle would only be able to deliver 750 packages per day. What are the MRP and MRC in this situation?
MRP = $_______
MRC = $ _______
Would adding a vehicle under these circumstances increase the firm’s profits?
(Click to select) Yes or No
Answers
In part (A) the MRP =$150, MRC=$100, therefore, the firm should add delivery vehicle to increase the profit margin. In part (B) MRP=$150, MRC=$200, so adding a vehicle is not profitable. In part (C) MRP=$75, MRC=$100, so adding a vehicle is not profitable.
For the given data:
(a). The MRP is $150 (1500 packages x $.10 revenue per package) and the MRC is $100 (the daily cost of renting a vehicle).
Therefore, yes, the firm should add the delivery vehicle as it will increase its profits since MRP is more than MRC.
b. The MRP is $150 (1500 packages x $.10 revenue per package) and the MRC is $200 (the daily cost of renting a vehicle).
Under these circumstances, the firm should not add the delivery vehicle as it would not increase its profits because value of MRC is more than MRP.
c. The MRP is $75 (750 packages x $.10 revenue per package) and the MRC is $100 (the daily cost of renting a vehicle).
Adding the vehicle under these circumstances would not increase the firm’s profits as the MRP is lower than the MRC.
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The bookkeeper for Sandhill Co. asks you to prepare the accrual adjusting entries at December 31. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
(a) Interest on notes payable of $290 is accrued.
(b) Services performed but unbilled totals $1,910.
(c) Salaries of $900 earned by employees have not been recorded.
Answers
Answer:
(a) Interest on notes payable of $290 is accrued.
Dr Interest expense 290
Cr Interest payable 290
(b) Services performed but unbilled totals $1,910.
Dr Unbilled revenue 1,910
Cr Service revenue 1,910
(c) Salaries of $900 earned by employees have not been recorded.
Dr Salaries expense 900
Cr Salaries payable 900
By default, for how long are deleted objects stored within the active directory database before they are removed entirely?
Answers
By default, deleted objects are stored for 180 days within the active directory database before they are removed entirely.
Active Directory is a database and set of services which connects users with the network resources which they need to get their work done.
The database or the directory contains critical information about the person's environment, which also includes what type of users and computers are there and who is allowed to do what.
For instance, the database can list 100 user accounts with details like job title, phone number and password of each person. It will record their permissions too.
Active directory simplifies life for administrators as well as the end users while enhancing security for organizations.
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gross domestic product is the sum of the market value of the:
Answers
Answer:
The Gross Domestic Product measures the value of economic activity within a country. Strictly defined, GDP is the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time.
Explanation:
What’s the answer????
Answers
Opportunity cost is the value of your second choice, or whatever you give up to get something
Taylor gives up either the video games or the funny videos. So you can choose either one
How does the price of oil impact the price of food?
Answers
Answer:
The price of Oil effect the price of food because it all works together in the economy/system
Explanation:
when land use controls impose exceptional hardship and loss of value, a relief mechanism must be provided. this relief is referred to as a:
Answers
The relief mechanism that is provided when land use controls impose exceptional hardship and loss of value is commonly referred to as a "variance."
A variance is an official exemption granted by the local zoning or planning board that allows a property owner to deviate from the specific requirements of the land use regulations. To obtain a variance, a property owner must typically demonstrate that the strict application of the land use controls would result in an unreasonable hardship, such as an inability to make reasonable use of the property, or a loss of economic value that is not shared by neighboring properties. Variances are intended to balance the public interest in enforcing land use controls with the need to protect individual property rights. They provide an avenue for property owners to seek relief from regulatory burdens, while ensuring that the overall goals of the land use controls are still being met.
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measure the diameter of a tin in mm and write down the real diameter in mm
Answers
Based on the context of the question and the image, the required real diameter of the tin is 250 mm.
What is the diameter?Diameter is a term. that is used to describe the measurement of the length of a straight line that passes through the center of a circular object, such as a circle or a sphere.
Generally, diameter is defined as the distance between two points on the object's edge that are furthest from each other and that pass through the center of the object.
Therefore, in this case, given that the diameter of the tin in the picture is 10 cm, then the actual diameter of the tin can be calculated as:
Actual Diameter = 2.5 x Picture Diameter
Actual Diameter = 2.5 x 10 cm
Actual Diameter = 25 cm
Thus, to convert the actual diameter to millimeters (mm), we can multiply by 10 and it is depicted as follows:
Actual Diameter in mm = Actual Diameter x 10
Actual Diameter in mm = 25 cm x 10
Actual Diameter in mm = 250 mm
Therefore, in this case, it is concluded that the correct answer is 250 mm.
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Through an illustrative diagram, show all steps common to conducting audits as stipulated by ISO 19011:2018.
Answers
ISO 19011:2018 provides guidelines for conducting audits. The steps involved in conducting audits, as stipulated by ISO 19011:2018, can be illustrated in the following diagram:
1. Planning: - Define the audit objectives, scope, and criteria. - Identify the auditee and the audit team. - Establish the audit plan and schedule. 2. Initiation: - Notify the auditee about the audit. - Confirm the audit scope and objectives. - Conduct an initial meeting with the auditee. 3. Preparation: - Review relevant documents and information. - Develop an audit checklist or questionnaire. - Plan the audit activities, including interviews and site visits. 4. Execution: - Conduct opening meetings with the auditee and relevant stakeholders. - Collect and review evidence during interviews, observations, and document reviews. - Verify the conformity of the auditee's processes with the defined criteria. - Document audit findings, including non-conformities and observations. 5. Reporting: - Prepare an audit report, including the objectives, scope, findings, and conclusions. - Share the audit report with the auditee and relevant stakeholders. - Seek clarifications, if necessary, from the auditee. - Obtain the auditee's response to the audit findings. 6. Follow-up: - Monitor the implementation of corrective actions by the auditee. - Verify the effectiveness of the corrective actions. - Close the audit and communicate the final findings to the auditee. This diagram illustrates the common steps involved in conducting audits as stipulated by ISO 19011:2018.
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A credit union
Question 3 options:
is larger than most banks
promotes good spending habits among its members
will allow anyone to join
provides financial service at a higher cost than a bank
Answers
Answer: A credit union promotes good spending habits among its members.
Diana and Jim enter into a written contract under which Diana will sell Jim some of her rare comic books for $300. The contract contains a list of each comic book that is supposed to be part of the sale. The contract states that it contains the complete and final agreement reached by Diana and Jim. When Jim receives the comics, he is upset to find out that Diana did not include a particular Superman comic. He sues Diana, stating that even though the written contract does not mention that particular Superman issue, he and Diana had orally agreed, just after the contract was written, that she would include the Superman in the deal. Jim wants to submit evidence of their oral agreement. Diana argues that such evidence would violate the parol evidence rule.
How should the judge rule?
Answers
The judge should rule in favor of Diana, as the parol evidence rule prevents the introduction of oral agreements that contradict or modify a written contract.
According to the parol evidence rule, when parties enter into a written contract that is intended to be a complete and final agreement, evidence of prior or contemporaneous oral agreements or understandings cannot be admitted to contradict, modify, or add terms to the written contract. In this case, the written contract between Diana and Jim was intended to be a complete and final agreement, as it contained a list of each comic book to be sold and stated that it was the final agreement.
As Jim is attempting to submit evidence of an oral agreement made after the contract was written, the parol evidence rule would apply and prevent this evidence from being admitted. Therefore, the judge should rule in favor of Diana.
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Advocates of floating rates pointed out that Group of answer choices removal of the obligation to peg currency values would restore monetary control to central banks. imposing of the obligation to peg currency values would restore fiscal control. imposing of the obligation to peg currency values would restore monetary control to central banks. imposing of the obligation to peg currency would restore monetary control to the consumer. removing of the obligation to peg currency values would restore fiscal control.
Answers
Answer:
removal of the obligation to peg currency values would restore monetary control to central banks.
Explanation:
The Federal Reserve (Fed) and Central banks (lender of last resort) are readily accessible and available to give monetary funds to depository financial institutions when they're running out of money and as well as regulate their activities.
Generally, monetary policy affects the money supply in an economy, which then creates an impact on interest rates and the inflation rate.
Hence, advocates of floating rates pointed out that removal of the obligation to peg currency (setting specific fixed exchange rate) values would restore monetary control to central banks.
The impact of discrimination behaviour to an individual
Answers
Answer:
Discrimination affects people's opportunities, their well-being, and their sense of agency. Persistent exposure to discrimination can lead individuals to internalize the prejudice or stigma that is directed against them, manifesting in shame, low self-esteem, fear and stress, as well as poor health.
Explanation:
Although Zappos has around 900,000 unique products in its warehouse, company executives think there is room for more. Zappos is utilizing ______ for this promotion.
Answers
Answer: email marketing
Explanation:
Email marketing is the act of promoting a business, a product or anything worth promoting or an exchange of mail. This emails are sent to existing and prospective customers either telling them of this new product or promoting existing goods and services. Zappos utilizes email marketing for this promotion.
How do I pay taxes once I turn 18?
Answers
Answer:
ask your mother
Explanation:
ask your mother:)
Compare and contrast the Mundell-Fleming model with the monetary model of exchange rate determination, emphasising the crucial role of demand management policies in one of the set-ups and of supply-side effects in the other.
Answers
The Mundell-Fleming model and the monetary model of exchange rate determination are two prominent frameworks used to analyze the relationship between exchange rates and economic variables.
The Mundell-Fleming model focuses on the interplay between fiscal and monetary policies, exchange rates, and macroeconomic variables. It emphasizes the role of demand management policies, such as fiscal policy (government spending and taxation) and monetary policy (interest rates and money supply), in influencing exchange rates. In this model, changes in domestic policies can affect the balance of trade, capital flows, and the overall level of economic activity.
On the other hand, the monetary model of exchange rate determination emphasizes the role of supply-side factors in shaping exchange rates. It highlights the importance of factors such as inflation rates, interest rate differentials, and money supply in determining exchange rates. Supply-side effects, such as changes in productivity, production capacity, and international competitiveness, can have a significant impact on the exchange rate in this model.
While both models recognize the influence of policies and economic variables on exchange rates, the Mundell-Fleming model places greater emphasis on demand management policies and their impact on the overall economy, whereas the monetary model focuses more on supply-side effects and the determinants of exchange rates at a microeconomic level. Understanding the nuances of both models helps policymakers and analysts gain insights into the complexities of exchange rate dynamics and formulate appropriate policy responses.
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What is friendship?? :)
Bye! Y'all!!
Answers
Answer:
agree with this
.................................
Answer:
just for fun
Explanation:
real friends are those who open their mouth to just insult there bestij
The normal variance for filling a liter Coke bottle is 0.5 ounces. In a recent measurement, variance was found to be 0.8 ounces. Should Coca-Cola's management be concerned? Discuss why or why not. In replies to peers, provide an example to support your position.
Answers
Yes, Coca-Cola's management should be concerned about the increase in variance in filling a liter Coke bottle.
Variance is a measure of how spread out the data is, and a higher variance indicates that the data points are more spread out from the mean. In this case, a higher variance indicates that the amount of Coke in each bottle is less consistent than it should be. This can lead to issues with quality control and customer satisfaction, as customers may receive bottles with more or less Coke than they were expecting.
One way to visualize the impact of increased variance is by looking at a histogram of the data. If the data is normally distributed, a higher variance will result in a wider, flatter curve, indicating that there is more variability in the data. This can be seen by comparing two histograms with the same mean but different variances. The one with the higher variance will have a flatter curve and more spread out data points.
Overall, a higher variance can indicate that there are issues with the manufacturing process or quality control procedures that need to be addressed in order to ensure consistency and quality for customers.
Example: Suppose you own a bakery that specializes in making cupcakes. One week, you notice that the variance in the weight of the cupcakes has increased from 0.2 ounces to 0.5 ounces. This means that the cupcakes are less consistent in their size and weight, which could lead to issues with customer satisfaction and quality control. For example, some customers may receive smaller or larger cupcakes than they were expecting, which could impact their overall experience with the bakery. In this case, you would want to explore the cause of the increased variance and take steps to address it, such as adjusting the baking process or quality control procedures.
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What role does customer satisfaction play in public relations? Why is it important? Provide two reasons.
Answers
Answer:
Trust.
Explanation:
See its important so people can know you as a generally trustable person. Also, when a customer is they more than likely feel the need to come back. So if your selling product it will generate more customers and money.
In 2017, being "born global" is a must for fledgling businesses. Doing so is easier than you think, says Suranga Herath, CEO of English Tea Shop. onventional wisdom says that a business should get its domestic ducks in a row, before venturing overseas. But in the digital age, a new generation of businesses is making a strong case for nearly all new businesses to be "born global", that is, have an immediate focus on the international stage. The arguments for exporting are well known: it can increase the prestige of your brand and can allow you to tap into unexploited economies[1]. My argument is therefore: with all the benefits that going global offers...why wait...Why not be born global? Being born global is easier than you think Being born global may seem radical, but can be much, much simpler than many think. For me, being born global isn't necessarily about having offices and employees overseas, or prioritising the international side of things although it can be. In its purest sense, being born global is a mindset where businesses seek international opportunities from the very beginning. Cutting to the chase - how being born global accelerates growth The benefits of being born global can be profound - take my business English Tea Shop as an example. Launching in 2010, we set out creating a brand we knew would resonate with global audiences. Indeed, the UK didn't become a focus for us until 2012. While domestic sales now account for around a third of our UK business, an immediate international outlook allowed us to grow very rapidly. We're now in 50 markets around the world. In short, there's no way we would have achieved this kind of scale if we'd had a domestic-first approach. Should your business be born global? I believe almost any business could in some way be born global. But there are a number of factors to consider when asking whether it's right for your business. Language and cultural barriers, logistics, market knowledge, manpower are all very valid reasons why businesses refrain from going global. But to my mind, if managed practically, the potential challenges are completely outweighed by the potential gains. This is particularly true when you consider the direction the world is moving in - that is, by and large, closer together. In particular, developing markets are where businesses can find the fastest growth and if you're not international, you're not in the game. With that in mind, and from my own experience here are five insights to help a fledgling business be born global: However big or small, include an international element in your business plan. This will focus your mind on the opportunities that lie overseas. It may be the core of your strategy, or just something you'd like to explore in the future, but make sure it's there. Start - but don't stick - with what you know. Maybe you've spotted a niche in a certain market, maybe you speak a language, maybe you have relatives living overseas. In some cases it may be appropriate to start your international journey there. However, keep an open mind - there's a whole world of opportunity out there. Find the right balance. The optimum split between domestic and international differs from business to business. English Tea Shop started off being 100% international but we've now dialled it back to being about 70/30. We're entering new markets all the time and we think it's vital to maintain a sense of agility. Use external resources. Logistics providers, UKTI, small business media - there's a whole wealth of information out there to support and guide you from the very beginning. If there are any areas of expertise or practical knowledge you feel you're lacking, you can be sure help is there for those who ask for it. Be ready for the rush. If all goes to plan, your business will grow rapidly - and for this reason you should make sure you have a solid infrastructure in place if things suddenly explode.
Answers
Being "born global" is a mindset where businesses seek international opportunities from the very beginning. It is much, 3SPJmuch simpler than many think and can accelerate growth. It is a must for fledgling businesses in 2017.
The advantages of being born global can be profound. Being born global is a mindset where businesses seek international opportunities from the very beginning. In its purest sense, being born global is a mindset where businesses seek international opportunities from the very beginning. The benefits of being born global can be profound.
In particular, developing markets are where businesses can find the fastest growth. Language and cultural barriers, logistics, market knowledge, manpower are all very valid reasons why businesses refrain from going global.However, if managed practically, the potential challenges are completely outweighed by the potential gains. It is much, much simpler than many think and can accelerate growth. If you're not international, you're not in the game.
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credit terms of 2/10 n/60 means
Answers
It is a trade credit that the seller has given the customer. If the invoice is paid in full within the first ten days after the invoice date, the buyer will get a 2% reduction on the net amount.
What is "Credit terms"?Credit terms specify when payments are expected for purchases bought with credit, any potential discounts, and any interest or late payment penalties that may be charged. Credit conditions for sales on credit, for instance, can be 2/10, net 30. This indicates that payment must be made in 30 days (net 30).
However, a 2% discount will be given if the consumer pays within 10 days. Credit sales are transactions in which the buyer is offered a longer time to pay. Offering credit sales to clients has both benefits and drawbacks for the business.
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In a limited partnership, the limited partner has the legal authority to make decisions that affect the company without
having to consult the general partner.
True
False
Answers
A Company has the following accounts in its general ledger at July 31: Accounts Receivable $40,000 and Allowance for Doubtful Accounts $2,500. During August, the following transactions occurred.
Oct. 15 Sold $30,000 of accounts receivable to Fast Factors, Inc. who assesses a 3% finance charge.
25 Made sales of $900 on Visa credit cards. The credit card service charge is 2%.
Journalize the transactions.
Answers
The company sold $30,000 accounts receivable to Fast Factors, Inc with 3% finance charge on Oct 15, and made a $900 sale on Visa credit cards with a 2% service charge on Oct 25. They received $29,100 and $882 respectively, and recorded $900 and $18 as expenses.
The journal entries for the transactions in August would be as follows:
Oct. 15:
Cash $29,100
Finance Charge (expense) $900
Accounts Receivable $30,000
To record the sale of $30,000 of accounts receivable to Fast Factors, Inc., who assesses a 3% finance charge.
Oct. 25:
Cash $882
Credit Card Discount (expense) $18
Sales $900
To record the sale of $900 on Visa credit cards, with a credit card service charge of 2%.
On October 15, the company sold $30,000 of accounts receivable to Fast Factors, Inc. and received cash of $29,100, reflecting the 3% finance charge assessed by Fast Factors. The $900 finance charge is recorded as an expense, reducing the net proceeds to $29,100.
On October 25, the company made a sale of $900 on Visa credit cards, with a credit card service charge of 2%. The company received cash of $882 (reflecting the 2% service charge), and the credit card discount of $18 is recorded as an expense.
In summary, these journal entries reflect the transactions of selling accounts receivable and making a credit card sale, with corresponding expenses for finance charges and credit card discounts.
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Determine the type of account that each description applies to.
If no deposits or withdrawals
There is no risk of losing any
Interest income is the only
are made, money held in this
money put in this account
way to earn money in this
account may increase or
type of account.
decrease.
This account may generate
income from a variety of
sources.
Savings Account
Investment Account
Answers
A Savings Account is a type of account that is used to save money and earn interest. Deposits and withdrawals can usually be made, but there is usually a limit to the number of withdrawals that can be made per month. The money held in a Savings Account may increase or decrease due to changes in the interest rate.
An Investment Account is a type of account that is used to invest money in order to earn a return. There is usually a risk of losing some or all of the money invested in this type of account. Interest income is one way to earn money in an Investment Account, but there may also be other sources of income, such as dividends or capital gains.
Stellar Corporation had 2020 net income of $1,107,000. During 2020 , Stellar paid a dividend of $2 per share on 205,100 shares of preferred stock. During 2020, Stellar had outstanding 268,000 shares of common stock. Compute Stellar's 2020 earnings per share. (Round answer to 2 decimal places, e.g. 3.56.) Earnings per share $ __________ per share
Answers
Earnings per share (EPS) is an indicator that shows how much profit a company has earned per share of common stock outstanding. This is computed by dividing the net income by the number of outstanding shares of common stock.
Here are the steps on how to compute Stellar's 2020 earnings per share (EPS):
Step 1: Compute the total amount of dividends paid to preferred stockholders.
Total dividends paid = Dividend per share x Number of shares of preferred stock outstanding
= $2 x 205,100
= $410,200
Step 2: Compute the total number of common shares outstanding. The number of common shares outstanding = 268,000
Step 3: Compute the weighted average number of common shares outstanding. This is done because the number of shares outstanding might have changed during the year.
The weighted average number of common shares outstanding = (Number of common shares outstanding at the beginning of the year + Number of common shares outstanding at the end of the year) / 2
= (268,000 + 268,000) / 2
= 268,000
Step 4: Compute the earnings per share.
EPS = (Net income - Preferred dividends) / Weighted average number of common shares outstanding
= ($1,107,000 - $410,200) / 268,000
= $696,800 / 268,000
= $2.60. Therefore, Stellar's 2020 earnings per share is $2.60 per share (rounded to 2 decimal places).
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Workplace diversity describes differences among workers in any of the following areas:
attitude
education
ethnicity
industry
Answers
Answer:
industry because here based the all the business in whole world
Joaquín, a human resources manager, has to lay off either of two department heads, Coral or Mike, because the downsizing process that is going on in the organization calls for the merging of their two departments. However, Joaquín cannot decide whom to lay off, since they are both excellent managers and he does not want to dismiss either of them. In this case, Joaquín is having a difficult time making a decision due to experiencing ________ conflict
Answers
Joaquin is having a difficult time making a decision due to experiencing psychological conflict.
Psychological or personal conflict refers to a situation in which a person is motivated to engage in at least two fundamentally unconnected or incompatible activities. It occurs when the vocal, linguistic, symbolic, or passionate responses required to fulfill one intention are contradictory with those needed to satisfy another.
A person who is driven to engage in two or more activities that are incompatible or mutually exclusive is said to be in personal or psychological conflict.
In this case, since Coral and mike are both good managers and Joaquindoesn't want to fire any of them, he is unable to determine who to lay off because of the mental conflict he is having.
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2. What do you think Alana's goals should be?
Answers
I think Alana's goal should be to create a budget that will make her save enough money to pay for all expenses.
What's plutocrat? Plutocrat is any item or empirical record that's generally accepted as payment for goods and services and prepayment of debts, similar as levies, in a particular country or socio- profitable environment.The primary functions which distinguish plutocrat are as a medium of exchange, a unit of account, a store of value and occasionally, a standard of remitted payment. What's significance of plutocrat? Plutocrat can not buy happiness, but it can buy security and safety for you and your loved bones. Mortal beings need plutocrat to pay for all the effects that make your life possible, similar as sanctum, food, healthcare bills, and a good educationLearn more about money here:
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A student in public administration wants to determine the mean amount members of city councils earn. The error in estimating the mean is to be less than $100 with a 99% level of confidence. The student found a report by the department of labor that estimated the standard deviation to be $1000. What is the required sample size?
Answers
Answer:
663.58
Explanation:
From the problem:
E, the maximum allowable error, is $100
The value of z for a 99 percent confidence level is 2.576
Estimate of standard deviation is $1,000.
n = [(z x s)/ E] ^ 2
n = [(2.576 x 1000) / 100}^2
= 25.76^2
=663.58
A good time to observe the dress code to prepare for your first day is during
a your interview
b. your second day
your Orientation
d the weekend
Answers
A good time to observe the dress code to prepare for your first day is during an interview. Thus, option A is correct.
What is interview?A planned interaction in which one party asks questions and the other responses is known as an interview. A one-on-one conversation between an interviewer and an interviewee is referred to as a "interview" in everyday speech.
In general, the individual should dress professionally or in business clothes for a job interview. The interview is a dialogue in which you and your prospective employer exchange information.
Therefore, it can be concluded that During an interview is a wonderful opportunity to review the dress code in order to get ready for your first day. Therefore, choice A is correct.
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