time left 0:41:28 question 1 not yet answered marked out of 1.00 flag question question text which one of the following is an example of a frictionally unemployed individual? select one: a. martin, who lacks the skills necessary to be employed as a machinist. b. lee, who lost his job as an art director because of a recession. c. jan, who has a ph.d. in economics, but is a bus driver. d. helena, who has just graduated from college and is searching for a job as an architect. question 2 not yet answered marked out of 1.00 flag question question text a monopoly responds to an increase in demand by price and output. select one: a. increasing; decreasing b. increasing; increasing c. decreasing; increasing d. decreasing, decreasing question 3 not yet answered marked out of 1.00 flag question question text according to the international trade effect, holding everything else unchanged, select one: a. an increase in net exports shifts the aggregate demand curve to the right. b. an increase in the domestic price level reduces net exports leading to a movement along the aggregate demand curve. c. an increase in the exchange rate shifts the aggregate demand curve to the right. d. an increase in the prices of foreign goods level reduces imports leading to a movement along the domestic economy's aggregate demand curve. question 4 not yet answered marked out of 1.00 flag question question text an oligopoly knows that its affect(s) its and that the of its rivals will affect it. select one: a. actions; rivals; reactions b. price changes ; total revenue in a positive way; reactions c. actions rarely; rivals; actions d. price increases; total revenue in the long run only; large but not small price changes question 5 not yet answered marked out of 1.00 flag question question text the natural rate of unemployment: i. includes frictional and structural unemployment. ii. is equal to zero when an economy is producing at a point on its production possibilities frontier. iii. is the unemployment rate that exists when the quantity of labor demanded is equal to the quantity of labor supplied. select one: a. i, ii, and iii b. i and ii only c. i and iii only d. ii and iii only question 6 not yet answered marked out of 1.00 flag question question text exhibittotalrevenuecostsprofit in this exhibit (total revenue, total costs, and economic profit), total revenue and total cost are equal at approximately pounds and $ . select one: a. 0; 300 b. 2,000; 1,200 c. 4,500; 1,300 d. 8,300; 2,250

Answers

Answer 1

The whole amount of money a seller can make by providing goods or services to customers is known as total revenue. The formula for this is P Q, or the purchase price times the quantity of the products sold.

Total revenue is the overall sum of money received by a business through the sale of its products and services. Based on demand and price, it measures how successfully a company is generating revenue from its main operations.

The sum of money a business makes by selling its products and services is known as total revenue. In other words, businesses utilise this statistic to assess how effectively their primary sources of revenue are generating profits. Total revenue is directly correlated with marginal revenue.

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Related Questions

equipment trust certificates would most likely be issued by a(n):a manufacturerb utilityc airlined bank

Answers

Equipment trust certificates would most likely be issued by an airline. Option C is the correct answer.

Equipment Trust Certificates (ETCs) are secured debt securities that are sold to investors to purchase aircraft. An equipment trust is established when an airline leases an aircraft from a trust, which owns it. The trust is financed through the sale of certificates that are secured by the aircraft, and it pays the bondholders with funds received from the airline.

Hence, ETCs are typically issued by the airline. Thus, option C is the correct answer.

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Option A requires eight years of higher education and $80,000, while option B
requires four years of higher education and $45,000. Option B requires
time and
money

Option A requires eight years of higher education and $80,000, while option Brequires four years of higher

Answers

Answer:

A less,less

Explanation:

because option A requires 8 year of higher education and $80,000. but option B only requires four years of higher education and $40,000

Option A requires eight years of higher education and $80,000, while option B requires four years of higher education and $45,000. Option B requires less time and less money because option A requires 8 years of higher education and $80,000 but option B only requires four years of higher education and $40,000. Thus, option 'A' is the correct option.

What do cost and time effective mean?

Business managers must deal with two fundamental issues: time and expenses. These two topics have a lot in common. For instance, you can incur a fee and an increase in costs if you miss a deadline. Similarly to this, if money is tight you could feel pressured to finish a project sooner in order to cut down on labour costs. Thus, managing time and expenditures concurrently provide several advantages for your company.

When practising time and cost management, it is frequently impossible to complete all of the original recommendations. You eventually learn to set priorities and choose which initiatives are worthy of your time, money, and attention. You must discover strategies to improve your efficiency if you want to accomplish more with the money and time you have available.

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Delta Airlines, whose largest cost is on account of fuel, buys crude oil futures contracts to benefit from a rise in the price of oil. This would be an example of a private market transaction speculation a spot market transaction hedging a primary market transaction

Answers

Delta Airlines buying crude oil futures contracts to benefit from a rise in the price of oil is an example of a private market transaction for speculation.

In this scenario, Delta Airlines is engaging in a private market transaction by purchasing crude oil futures contracts. By doing so, Delta Airlines is speculating on the price of oil, hoping that it will increase. This speculation is driven by the expectation that a rise in oil prices would result in higher fuel costs for the airline. Delta Airlines aims to offset the potential increase in fuel costs by profiting from the appreciation of the crude oil futures contracts. This strategy allows Delta Airlines to hedge against the risk of rising fuel prices and manage its exposure to fluctuations in the oil market.

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A person's continuing inability to pay their bills with their current salary would be considered a(n) _____ stressor.

Answers

Based on the information, the inability for the person to pay his or her bills with the salary is known psychosocial stress.

Psychosocial stress simply means the results. It is a cognitive appraisal of what is at stake and what can be done about it.

Psychosocial stress can be seen as the imbalance between demands and the ability to manage them. In this case, Thai can be illustrated as a person's continuing inability to pay their bills with their current salary.

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What is the organizational structure for an supermarket?

Answers

Answer:

An array of repeat customers grouped in various local areas, A chain of retail stores, various transportation systems,  A set of warehouse distribution centers, and An array of product suppliers under contract.

Explanation: In carrying out its function, a supermarket business acquires and assembles a wide assortment of goods from individual suppliers, then organizes and distributes them as-needed to a chain of retail stores for sale to local customers.

Using relevant examples to support your discussions analyse the market entry options that available to a company seeking to enter the global marketplace and assess how they relate to each other in terms of profit potential, risk, financial commitment required and marketing control.

Answers

When a company seeks to enter the global marketplace, there are several market entry options available to them. These options vary in terms of profit potential, risk, financial commitment required and marketing control.

Exporting: This is the simplest and most common way for companies to enter foreign markets. It involves shipping goods or services produced in one country to another country for sale. Companies can decide to export directly or indirectly. Direct exporting involves the company selling its products directly to customers in the foreign market, while indirect exporting involves using intermediaries such as distributors or agents to sell the products. Exporting requires low financial commitment and offers moderate profit potential, but it exposes the company to exchange rate fluctuations and trade barriers.

Licensing: This option involves allowing a foreign company to use the company’s intellectual property such as trademarks, patents, and copyrights in exchange for a fee or royalty. The licensor retains ownership of the property and receives income from the licensee. Licensing requires low financial commitment and offers moderate profit potential, but it exposes the company to the risk of losing control over its intellectual property.

Franchising: This is a form of licensing where the company grants the right to operate a business using its brand, products, and processes to a franchisee in exchange for fees, royalties, and a share of the profits. Franchising requires moderate financial commitment and offers moderate profit potential, but it exposes the company to the risk of losing control over its brand and reputation.

Joint venture: This option involves establishing a new business entity with a local partner in the foreign market. Each partner contributes capital, technology, and expertise to the joint venture, and they share the risks and rewards of the venture. Joint ventures require high financial commitment and offer high profit potential, but they expose the company to the risk of conflicts with partners and the possibility of losing control over the business.

Wholly-owned subsidiary: This involves establishing a new company in the foreign market, which is fully owned and controlled by the parent company. The subsidiary operates independently but follows the policies and strategies of the parent company. Wholly-owned subsidiaries require high financial commitment and offer high profit potential, but they expose the company to the risk of political instability, legal complexities, and cultural differences.

In conclusion, the choice of market entry option depends on the company’s objectives, resources, and capabilities, as well as the characteristics of the foreign market. Exporting is suitable for companies with limited resources but offers lower profit potential. Licensing and franchising are suitable for companies that want to expand their brand and intellectual property but offer moderate profit potential. Joint ventures and wholly-owned subsidiaries are suitable for companies with high financial resources and strategic interests but offer higher risk.

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Explain the importance of leisure activities.

Answers

Answer:

leisure activities improve the productivity of people

Explanation:

if you feel stressed and then go to a water park, you will get less stressed right?

What happens to the equilibrium price and quantity when demand increases and at the same time supply decreases, but the demand shift is larger than the supply shift?.

Answers

The equilibrium price rises and the equilibrium quantity falls when demand increases and at the same time supply decreases but the demand shift is larger than the supply shift.

When opposing forces balance each other out and there are no changes happening, the condition is said to be in equilibrium. When supply and demand are equal, this is an example of equilibrium in economics. Being composed and stable is an illustration of equilibrium. Similar to the word number, quantity can be used for singular or plural nouns that can be measured or counted. The primary distinction is that when referring to an inanimate thing, it is preferable to use quantity. Quantity and number, however, can occasionally be used interchangeably, particularly when the noun is plural.

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The question was incomplete. Check below the full question

What happens to the equilibrium price and quantity when demand increases and at the same time supply decreases, but the demand shift is larger than the supply shift?.

a.Both the equilibrium price and equilibrium quantity will rise

b.The equilibrium price falls and the equilibrium quantity rises

c.The equilibrium price rises and the equilibrium quantity falls.

d. Both the equilibrium quantity and price will fall

who do yall want president let me know i choose biden..

Answers

Answer:

TRUMP MAKE AMERICA GREAT AGAIN !!!!!!!!!

Explanation:

When the price of a barrel of petroleum increased greatly in 2008, every news article about rising oil prices had a negative slant. When the price of petroleum dropped by more than 50 percent later in the year, the press said little, and much of what the press said was negative. Those negative comments focused on fears that there would not be enough new exploration for oil in the future. Is it really possible for a rise in the price of a good to be "bad" and also for a drop in the price of that same good to be "bad".

Answers

It is indeed possible for a rise in the price of a good to be considered "bad" and for a drop in the price of the same good to also be perceived as "bad." The interpretation of whether a price increase or decrease is viewed as positive or negative depends on various factors, such as the underlying causes, market dynamics, and the perspective of different stakeholders.

When the price of petroleum increased greatly in 2008, news articles portrayed it negatively because higher oil prices had widespread economic implications. Rising oil prices can lead to increased production costs, inflationary pressures, reduced consumer purchasing power, and a potential slowdown in economic growth. These factors were often highlighted in the negative portrayal.

On the other hand, when the price of petroleum dropped significantly later in the year, the negative comments focused on concerns about reduced exploration for new oil. A sharp decline in oil prices can adversely affect the profitability of oil companies, leading to reduced investment in exploration and development of new oil reserves. This, in turn, raises concerns about future energy supply, sustainability, and long-term economic implications.

The "good" or "bad" perception of price changes depends on the context, stakeholders involved, and the specific circumstances surrounding the price movement. It highlights the complex nature of the relationship between price changes and their broader economic and societal impacts.

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jason+imports+stereos+from+japan+with+a+delivery+price+of+$1,600+and+employs+no+other+sales+people.+jason’s+markup+percentage+on+cost+is+50%.+what+is+jason’s+target+selling+price+per+unit?

Answers

Jason's target selling price per unit is $1,600.50.

To calculate Jason's target selling price per unit, we need to first determine his cost per unit. Since he imports stereos from Japan with a delivery price of $1,600 and his markup percentage on cost is 50%, we can calculate his cost per unit by dividing the delivery price by (1 + markup percentage):
Cost per unit = Delivery price / (1 + markup percentage)
Cost per unit = $1,600 / (1 + 0.50)
Cost per unit = $1,067
Now that we have Jason's cost per unit, we can calculate his target selling price per unit by adding his desired profit margin to his cost per unit:
Target selling price per unit = Cost per unit * (1 + markup percentage)
Target selling price per unit = $1,067 * (1 + 0.50)
Target selling price per unit = $1,600.50
Therefore, Jason's target selling price per unit is $1,600.50. It's important to note that this calculation assumes that Jason only wants to make a 50% markup on his cost per unit, and doesn't take into account any other factors that could affect his pricing strategy, such as competition or market demand.

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Describe how a formal report is different from an informal report?

Answers

Answer:

Though the report may be several sections long, it is typically much shorter than a formal report. No contents page is included. Informal reports can even be formatted like a memo.

Explanation:

Answer: Informal reports are usually short, one to three pages, with no need for prefatory parts,are informational, include no or limited research,luse a direct approach an personal language. The formal report, however, is worded more objectively, focusing on the problem and the solution.

Explanation:

Which corporate document sets forth the number of members on the original board of directors?
A. indenture contract.
B. state tax agreement.
C. corporate bylaws.
D. debt charter.
E. articles of incorporation.

Answers

The correct option is E. Articles of Incorporation. Articles of Incorporation is the corporate document sets forth the number of members on the original board of directors.

The articles of incorporation are the primary legal document that creates a corporation and sets forth the basic structure and purpose of the company.

This document typically includes information such as the company's name, location, purpose, and initial capitalization. It also includes provisions for the board of directors, including the number of members that will serve on the board.

The Board of Directors is a group of individuals elected by the shareholders of a corporation to oversee the management of the company.

The size of the board of directors and the number of members that serve on it are important decisions that can impact the governance and strategic direction of the company. In this context, it is important to understand which corporate document sets forth the number of members on the original board of directors.

The articles of incorporation may specify a range of board sizes or set a specific number of directors. Once the initial board is established, subsequent changes to the board of directors are typically governed by the corporation's bylaws.

Corporate bylaws are a set of rules and regulations that govern the day-to-day operations of the company, including the election and removal of directors, their duties and responsibilities, and the frequency and structure of board meetings.

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Prices for common vegetables tend to be elastic. Why?.

Answers

Demand elasticity is the extent to which a change in price causes a change in the quantity demanded. Prices for common vegetables tend to be elastic. Why? because other vegetables are available.

A surplus of computers is supplied. What does this indicate about the demand of the computers? How would the price change affect the computer company’s supply and demand equilibrium?

Answers

If a surplus of computers are supplied, then there is more supply than demand for computers. If the price of the computers changed, the demand would change accordingly (whether the price increased or decreased) and a new equilibrium would be reached at the new price.

A surplus in the supply of computers indicate that the demand for computers is less than the supply of computers.

The price change would lead to an increase in the equilibrium quantity of computer demanded and supplied.

A surplus in supply means that the quantity supplied of a good exceeds the demand for the good.  It means that the demand for the good is less than the supply of the good. When the supply of a good increases, the equilibrium price of the good decreases and the equilibrium quantity of the good increases. On a demand and supply curve, a surplus would be shown as a rightward shift of the supply curve.

As a result of the decline in price, the quantity demanded of computers would increase. This would lead to a rise in equilibrium price and quantity.

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A surplus of computers is supplied. What does this indicate about the demand of the computers? How would

Non-value-added activities in a process design can be eliminated by: a) increasing process boundaries b) using value stream mapping c) limiting the throughput of all processes d) adding multiple approval requirements for all transactions.

Answers

In a process design, the non-value-added activities that can be eliminated is b) using value stream mapping.

Activities that don't add value are ones that the client isn't willing to pay for. They merely increase the price and time. As discussed in the previous article, non-value-added activities are also referred to as "wastes". Activities in a business or supply chain that do not directly help meet the needs of end customers are referred to as non-value-adding activities.

Consider these as services that customers would not be willing to pay for. Actions that don't bring value but are required by the current hardware or operating system. They will probably be challenging to get rid of in the short term, but with the right equipment or techniques, they might be doable in the medium term.

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Hi-V produces three types of canned juice drinks, A, B, and C, using fresh strawberries, grapes, and apples. The daily supply is limited to 200 tons of strawberries, 90 tons of grapes, and 150 tons of apples. The cost per ton of strawberries, grapes, and apples is $210,$110, and $100, respectively. Each ton makes 1500lb of strawberry juice, 1200lb of grape juice, and 1000lb of apple juice. Drink A is a 1:1 mix of strawberry and apple juice. Drink B is 1:1:2 mix of strawberry, grape, and apple juice. Drink C is a 2:3 mix of grape and apple juice. All drinks are canned in 16 -oz ( 1lb) cans. The price per can is $1.15,$1.25, and $1.20 for drinks A, B, and C. Develop an LP model to determine the optimal production mix of the three drinks. (only the formulation is required)

Answers

The LP model aims to determine the optimal production mix of drinks A, B, and C using limited supplies of strawberries, grapes, and apples. The objective is to maximize profit while considering the cost of ingredients and the can price per drink.

Let:

x1 = number of cans of Drink A produced

x2 = number of cans of Drink B produced

x3 = number of cans of Drink C produced

The objective is to maximize the profit, which is given by the equation:

Maximize: 1.15x1 + 1.25x2 + 1.20x3

Subject to the following constraints:

Strawberry constraint: 1500lb * x1 + 1500lb * x2 <= 200 tons (converted to lb)

Grape constraint: 1200lb * x2 + 1200lb * x3 <= 90 tons (converted to lb)

Apple constraint: 1000lb * x1 + 1000lb * x2 + 1000lb * x3 <= 150 tons (converted to lb)

Non-negativity constraints:

x1 >= 0, x2 >= 0, x3 >= 0

The LP model aims to maximize the profit by determining the optimal values of x1, x2, and x3 while considering the constraints imposed by the availability of strawberries, grapes, and apples.

The objective function represents the total profit obtained from the production and sale of the drinks, and the constraints ensure that the ingredient usage does not exceed the available supply.

Non-negativity constraints ensure that the production quantities cannot be negative.

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רapter 3 Assignment Which of the following is consistent with the pure expectations theory of the yield curve? Check all that apply. A downward-sloping yield curve suggests that the market thinks interest rates in the future will be higher than they are today. A flat yield curve suggests that the market thinks interest rates in the future will be lower than they are today. A flat yield curve suggests that the market thinks interest rates in the future will be the same as they are today. A downward-sloping yield curve suggests that the market thinks interest rates in the future will be lower than they are today. Latasha would like to invest a certain amount of money for two years and considers investing in a one-year bond that pays 4 percent and bond that pays 9 percent. Latasha is considering the following investment strategies: Strategy A: In the first year, buy a one-year bond that pays 4 percent. Once that bond matures, buy another one-year bond that pa: the forward rate. Strategy B: In the first year, buy a two-year bond that pays 9 percent annually. If the one-year bond purchased in year two pays 7 percent, Latasha will choose Which of the following describes conditions under which Latasha would be indifferent between Strategy A and Strategy B? The rate on the one-year bond purchased in year two pays 12.104 percent. The rate on the one-year bond purchased in year two pays 13.386 percent. The rate on the one-year bond purchased in year two pays 14.240 percent. The rate on the one-year bond purchased in year two pays 15.379 percent.

Answers

The pure expectations theory of the yield curve suggests that the market's expectations of future interest rates determine the shape of the yield curve. According to this theory:

1. A downward-sloping yield curve suggests that the market expects interest rates in the future to be lower than they are today.
2. A flat yield curve suggests that the market expects interest rates in the future to be the same as they are today.

Now, let's move on to the second part of the question regarding Latasha's investment strategies:

To determine which strategy Latasha would be indifferent between, we need to compare the yields of Strategy A and Strategy B.

Strategy A:
- Buy a one-year bond that pays 4 percent in the first year.
- After the first bond matures, buy another one-year bond at the forward rate.

Strategy B:
- Buy a two-year bond that pays 9 percent annually.
- If the one-year bond purchased in year two pays a certain rate, Latasha will choose Strategy B.

To find the rate at which Latasha would be indifferent, we compare the yields of the two strategies. If the one-year bond purchased in year two pays a rate higher than the yield of Strategy A, Latasha will choose Strategy B.

Therefore, Latasha would be indifferent between Strategy A and Strategy B if the rate on the one-year bond purchased in year two pays more than 4 percent. In this case, Strategy A and Strategy B would provide the same return.

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Which document describes a worker's employment experience, strengths, skills, education, and other qualifications?
A.

Resume
B.

Cover letter
C.

Referral
D.

Reference

Answers

Answer:

A. Resume

Explanation:

A resume is a document prepared by a job seeker to itemize their education qualification and work experiences. It is a formal document sent to a potential employer by a job applicant. The resume shows an applicant's qualifications for the position advertised.

A resume is usually sent together with a cover letter.

Answer:

It's A

Explanation: hope it helps ^w^

Apples are selling for .15 cents per apple. The amount you buy is 823 apples, and you decide to sell those apples for .75 cents per apple. What is the total revenue for selling these apples?

Answers

Answer:

123.45 cents

Explanation:

Revenue = price per unit x quantity sold

0.15 x 823 = 123.45

What does the word “marginal” mean in economics?

Answers

Answer Marginal refers to the focus on the cost or benefit of the next unit or individual, for example, the cost to produce one more widget or the profit earned by adding one more worker. Companies use marginal analysis as a decision-making tool to help them maximize their potential profits.

the federal economic espionage act, passed in 1996, criminalizes ________.

Answers

The federal economic espionage act, passed in 1996, criminalizes economic espionage.

The federal economic espionage act, passed in 1996, criminalizes the theft of trade secrets with the intent to benefit a foreign government or entity. This includes the theft of proprietary information, such as formulas, designs, and manufacturing processes, that have economic value and are not generally known to the public. Violations of this act can result in severe penalties, including fines and imprisonment. Additionally, companies can take measures to protect their trade secrets, such as using non-disclosure agreements, limiting access to confidential information, and monitoring employee behavior.

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hyperinflation refers to the case in which inflation: is extremely high. is extremely unpredictable. is extremely low. remains relatively constant.

Answers

Answer:

(a) is extremely high

Explanation:

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hi i needa gf im 16 im a kind loving caring person anyone 13 through 17

Answers

Hello, I’m a guy and imma tell you this, you really do need one if your on this site trying to get one. Not to be mean

Answer:

r u a dude, cuz if u are then no, thx.

The person being interviewed is known as:

A. potential employee
B. employee
C. job applicant
D. interviewee

Answers

Answer:

D

Explanation:

if the price of papayas is 12 baht in thailand and the exchange rate is 30 baht per​ dollar, then what is the dollar price of​ papayas?

Answers

The dollar price of papayas is 0.4 dollars.To calculate the dollar price, we divide 12 baht by 30 baht per dollar

To calculate the dollar price, we divide 12 baht by 30 baht per dollar: 12 baht / 30 baht per dollar = 0.4 dollars To find the dollar price of papayas, we need to divide the price in Thai baht by the exchange rate. In this case, the price of papayas is 12 baht, and the exchange rate is 30 baht per dollar. To calculate the dollar price, we divide 12 baht by 30 baht per dollar: 12 baht / 30 baht per dollar = 0.4 dollars

Therefore, the dollar price of papayas is 0.4 dollars.

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Most state and local income taxes are either... (insert big wrinkle response here).

A. Progressive or flat
B. Regressive or flat
C. Progressive or regressive

Answers

Answer:

Progressive or Flat

Explanation:

I'm pretty sure that is the answer but I am not 100% sure so if it is incorrect i am sorry hope it was helpful!!!

At the majority of state and local level, the income tax rates are usually a progressive or Flat rate.

What is an income tax?

This is a form of taxation that is imposed on the income earned by the citizen of a local county, state, country etc

The progressive tax is used based on peoople ability to pay while the flat rate means a general rate for all level of earners.

Therefore, the Option A is correct.

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The yield to maturity on two-year zero coupon Treasury bonds is 2.5% and the yield to maturity on one-year zero coupon Treasury bonds is 2%? The face value of all bonds is $1,000. What is the price and the yield to maturity of the two-year Treasury coupon bond that pays 5% in annual coupons?
$1,000 and 5%
$1,038.75 and 2.98%
$1,035 and 3.05%
$1.040.58 and 2.25%

Answers

The price and the yield to maturity of the two-year Treasury coupon bond is $1,035 and 3.05%. Option C is correct.

The price of the two-year Treasury coupon bond can be calculated by discounting the future cash flows. In this case, we have a $50 annual coupon payment for one year and the face value of $1,000 to be received in two years.

To calculate the present value of the first coupon payment, we divide it by 1.02 (1 plus the yield on the one-year zero coupon Treasury bond), resulting in $49.02.

The present value of the bond's face value in two years can be calculated as $1,000 divided by (1.025^2), where 2.5% is the yield on the two-year zero coupon Treasury bond. This gives us $907.03.

The total price of the bond is the sum of the present values of the first coupon payment and the bond's face value, which is $49.02 + $907.03 = $956.05.

Lastly, to calculate the bond's yield to maturity, we need to solve for the discount rate that makes the present value of the bond's cash flows equal to its price. By using a financial calculator or a numerical method, we find that the yield to maturity of the bond is approximately 3.05%.

Therefore, the correct answer is option C: $1,035 and 3.05%.

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how is the issue of raising capital a natural barrier to entry for new firms seeking to enter a market?
Banks rarely lend to individuals seeking to open a small business. Banks and venture capital companies are unlikely to lend to firms with little chance of competing against established businesses. Banks and venture capital companies are unlikely to lend to new ventures as their capital is already committed to established companies. It takes several years to save enough capital to fund a new venture.

Answers

The issue of raising capital is a natural barrier to entry for new firms seeking to enter a market. Banks and venture capital companies are unlikely to lend to new ventures, as their capital is already committed to established companies.

What is a market barrier?

A market barrier is a natural or legal restriction that makes it difficult or impossible for new firms to enter a specific market. The difficulty of raising funds is a natural barrier to entry.

New firms looking to enter a market must raise enough capital to operate and compete with established businesses. Because banks and venture capital firms are hesitant to lend to businesses with little chance of success, the challenge of raising capital becomes a barrier to entry.

Therefore, the issue of raising capital is a natural barrier to entry for new firms seeking to enter a market.

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If the total cost of producing 6 units is $228 and the total cost of producing 7 units is $245, what is the marginal cost of producing the seventh unit?
a. $35
b. $245
c. $3
d. $38
e. $17
Consider the market for bicycles. If a dealer cuts prices by 10 percent and sells 20 percent more bikes, then demand for bicycles is:
a. inelastic, and total revenue will increase.
b. elastic, and total revenue will increase.
c. inelastic, and total revenue will decrease.
d. elastic, and total revenue will decrease.
e. unit elastic, and total revenue will remain the same.
The marginal product of labor can be defined as:
a. the change in profit divided by the change in labor, other factors of production held constant.
b. the change in total output divided by the change in labor, other factors of production held constant.
c. the total output divided by the total labor utilized.
d. the change in labor utilized divided by the change in total output, other factors of production held constant.
e. the change in labor divided by the change in the total cost, other factors of production held constant.

Answers

Option E. The marginal cost of producing the seventh unit is $17.

The marginal cost of producing the seventh unit can be calculated by finding the difference in total cost between producing 7 units and 6 units, and dividing that difference by the change in quantity (1 unit):

Marginal cost = (Total cost of producing 7 units - Total cost of producing 6 units) / (Change in quantity)

Marginal cost = ($245 - $228) / (1)

Marginal cost = $17

If a dealer cuts prices by 10 percent and sells 20 percent more bikes, then demand for bicycles is elastic, and total revenue will increase. This is because the percentage increase in quantity demanded (20%) is greater than the percentage decrease in price (10%), resulting in an increase in total revenue.

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If the total cost of producing 6 units is $228 and the total cost of producing 7 units is $245, what is the marginal cost of producing the seventh unit?

a. $35

b. $245

c. $3

d. $38

e. $17

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