Total Revenue: TR = 172Q – 10Q2
Total Cost: TC = 100 + 65Q +Q2
Where Q represents the quantity of the company’s products demanded.
a. Develop a profit (π) function using the information given. [hint: π = TR – TC]
b. Using marginal analysis, determine the revenue maximizing quantity Q* demanded.
c. Determine the maximum profit P*.

Answers

Answer 1

The given problem provides information about the total revenue (TR) and total cost (TC) functions in terms of the quantity of a company's products demanded (Q).

a. Profit function (π):

To find the profit function, we subtract the total cost (TC) from the total revenue (TR). Thus, we have:

π = TR - TC

Substituting the given equations for TR and TC:

π = (172Q - 10Q^2) - (100 + 65Q + Q^2)

Simplifying:

π = 172Q - 10Q^2 - 100 - 65Q - Q^2

π = -11Q^2 + 107Q - 100

b. Revenue-maximizing quantity (Q*):

To determine the quantity that maximizes revenue, we can take the derivative of the total revenue function (TR) with respect to Q and set it equal to zero.

TR = 172Q - 10Q^2

d(TR)/dQ = 172 - 20Q

Setting d(TR)/dQ = 0:

172 - 20Q = 0

20Q = 172

Q* = 8.6

c. Maximum profit (P*):

To find the maximum profit, we substitute the revenue-maximizing quantity (Q*) into the profit function (π).

π = -11Q^2 + 107Q - 100

π* = -11(8.6)^2 + 107(8.6) - 100

P* = 314.16

Therefore, the revenue-maximizing quantity is Q* = 8.6, and the corresponding maximum profit is P* = $314.16.

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Related Questions

A(n) ___, the least severe
condition, results when equipment is
operated in excess of its rating.

A) short-circuit *this one was incorrect*
B) ground-fault
C) overload
D) none of these

Answers

I think the right answer is b

what is construction production​

Answers

Answer:

The production in construction index is a business-cycle indicator which measures the monthly changes in production of buildings (residential and non-residential) and of civil engineering (roads, railways, bridges, tunnels, utility projects).

what is the first step in creating the federal budget?

Answers

Answer:

The President Submits a Budget Request The president sends a budget request to Congress each February for the coming fiscal year, which begins on Oct. 1. 5

What are the issues the company
will face if it suffers a devastating fire and will be unable to
produce products for the next 18 months. What is the action plan
that will minimize the impact on the c

Answers

If a company suffers a devastating fire and cannot produce goods for the next 18 months, it is likely to face a variety of issues, including loss of revenue and market share, as well as potential legal and regulatory consequences.

An action plan can be developed to reduce the impact on the company by taking specific steps.

Here are the issues the company will face if it suffers a devastating fire:

Loss of revenue: The inability to produce products for 18 months will result in a significant loss of revenue for the company. This may cause the company to lose its market position and profitability, which can lead to bankruptcy.

Legal and regulatory consequences: The fire and its aftermath may have legal and regulatory implications. The company may face legal claims from its employees, shareholders, and other stakeholders. Additionally, regulatory bodies overseeing workplace safety and environmental standards may impose fines and penalties.

Loss of market share: The company may lose its market share and brand value due to the fire. Customers may lose faith in the company and its products, leading them to switch to more reliable competitors.

The following steps can be taken to minimize the impact on the company:

Implement a business continuity plan: Develop a business continuity plan (BCP) that outlines steps to cope with the effects of the fire. The BCP should include a contingency plan for product distribution and identify alternate production sites or partners.

Regular testing and review of the plan is essential to ensure its effectiveness.

Rebuild the company's reputation: After the fire, the company needs to rebuild its reputation. It should take measures to reassure customers, employees, and other stakeholders that it is actively addressing the situation and implementing measures to prevent future incidents. Compensation may be offered to those who suffered due to the fire.

Collaborate with stakeholders: The company should collaborate with its stakeholders to address the issues arising from the fire. This includes working closely with employees, suppliers, and regulatory bodies to resolve legal and regulatory implications.

The company may also consider strategic partnerships with other companies to meet its production needs during the recovery period.

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Which of the 4 P's focuses on communicating the value proposition?

Answers

Answer: The marketing mix is most commonly executed through the 4 P's of marketing: Price, Product, Promotion, and Place.

Explanation:

Best Company Partial Balance Sheets Debit Accounts Cash Acount receivable Inventory Credit accounts Account payable Allowance for doubful accounts ​
as of December 31
2022
$42,000
70,000
30,000
$60,000
2,250

2021
$33,750
60,000
24,000
$72,000
1,500

Additional information for 2022 : Net income was $2,500 Bad debt expense was $5,400. Sales was $530,000 Write off was $4,650 What is the amount of cash received from customer diring A )$5/5,350 B) $524,850 C) $534,150 D) $530,250.

Answers

Calculation of Cash received from Customers for the year 2022 is given below: Calculation of Net credit sales for the year 2022 = Gross Sales - Sales Return Net credit sales for the year.

2022 = $530,000 - $4,650Net credit sales for the year 2022 = $525,350
Calculation of Average Account Receivables for the year 2022 =

(Opening Balance + Closing Balance) / 2Average Account Receivables for the year

2022 = ($60,000 + $70,000) / 2Average Account Receivables for the year 2022 = $65,000

Calculation of Receivables turnover ratio for the year 2022 = Net Credit Sales / Average

Account Receivables Receivables turnover ratio for the year 2022 = $525,350 / $65,000

Receivables turnover ratio for the year 2022 = 8.078

Assuming that all credit sales are on account and the collection of accounts receivable is evenly distributed throughout the year. Calculation of Cash received from Customers for the year 2022 = Net Credit Sales / Receivables turnover ratio Cash received from Customers for the year

2022 = $525,350 / 8.078Cash received from Customers for the year

2022 = $64,950 , the correct option is A) $5,350.

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in which of the following scenarios would a pareto chart most likely be employed? a to show the relative frequency of defects in rank order. b to assess the strength of the relationship between potential causes and effects. c to show trends in data over time. d to investigate the effect of discrete inputs on continuous outputs. e to show the relative frequency of observations within categories.

Answers

A Pareto chart would most likely be employed in scenario E: to show the relative frequency of observations within categories.

A Pareto chart is a type of chart used to display the relative importance of different categories or factors based on their frequency or impact. It follows the Pareto principle, also known as the 80/20 rule, which states that a large majority of effects (80%) are caused by a small number of causes (20%). In scenario E, a Pareto chart would be used to visually represent the relative frequency of observations within different categories. It helps identify the most significant or frequent categories and prioritize efforts accordingly. By organizing the data in descending order, the chart highlights the categories that contribute the most to the observed outcomes.

Therefore, when the focus is on analyzing and presenting the relative frequency of observations within categories, a Pareto chart is a useful tool.

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kawabunga surfboard and ironing board corp. would need shareholder approval toi. give its shareholders a cash dividendii. give its shareholders a stock dividendiii. split its stockiv. reverse split its stocka.i and and and , iii, and iv

Answers

Shareholder approval is generally required for giving shareholders a stock dividend (ii), but not for giving shareholders a cash dividend (i), splitting the stock (iii), or reverse splitting the stock (iv).

To undertake certain actions, Kawabunga Surfboard and Ironing Board Corp. would typically require shareholder approval. Let's break down the actions you mentioned and determine whether shareholder approval is needed for each:

i. Giving shareholders a cash dividend: In most cases, companies do not need shareholder approval to distribute cash dividends. Dividend payments are usually within the discretion of the company's board of directors. However, the company should ensure it has sufficient retained earnings or available cash to pay the dividend without jeopardizing its financial stability.

ii. Giving shareholders a stock dividend: Distributing stock dividends involves issuing additional shares to existing shareholders. The decision to issue stock dividends is generally subject to shareholder approval. Shareholders need to agree on the issuance of new shares and the proportionate allocation to each existing shareholder.

iii. Splitting its stock: A stock split involves increasing the number of outstanding shares while proportionally reducing the share price. Shareholders typically do not need to approve a stock split. The decision to split the stock is typically made by the company's board of directors or management team.

iv. Reverse splitting its stock: A reverse stock split involves reducing the number of outstanding shares while proportionally increasing the share price. Similar to a regular stock split, reverse splits usually do not require shareholder approval. The decision to implement a reverse stock split is usually made by the company's board of directors or management.

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a shoe company isn't sure if the ad campaign for its newest sneaker will be appealing to its customers. the company puts together a focus group made up of individuals of different ages, genders, sexual orientations, and ethnicities. the company knows that it might be more difficult for this type of group to come to a consensus but hopes that given enough time, the group can provide valuable information based on which of its attributes?

Answers

According to the focus groups being considered, the group can provide valuable information based on the a) diversity attribute.

In the scenario mentioned in the question, the shoe company is strategizing to target a larger audience rather than focusing on a smaller audience. Hence, they tend to take data from diverse groups separated on factors such as age, gender, ethnicity etc.

A focus group that is so diverse will help in providing valuable information about the diversity that people like in shoes. As a result, the company can have more diverse opinions for its newest sneakers. They can then use these diverse attributes to focus on a product that will attract all rather than a small range of customers.

Although a part of your question is missing, you might be referring to this question:

a shoe company isn't sure if the ad campaign for its newest sneaker will be appealing to its customers. the company puts together a focus group made up of individuals of different ages, genders, sexual orientations, and ethnicities. the company knows that it might be more difficult for this type of group to come to a consensus but hopes that given enough time, the group can provide valuable information based on which of its attributes?

a) diversity

b) synergy

c) resources

d) uniqueness

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a bond has a par value of $1,000, matures in 12 years, and sells for $956.50. it pays a coupon of 4.35% semiannually. what is the yield to maturity of this bond? group of answer choices 4.83 percent 6.85 percent 11.33 percent 12..78 percent

Answers

The yield to maturity (YTM) of a bond refers to the total return an investor can expect to receive if they hold the bond until maturity. It takes into account the bond's purchase price, coupon rate, and the time it takes for the bond to mature.

To calculate the yield to maturity of this bond, we need to follow these steps:

1. Determine the number of periods until maturity: Since the bond pays coupons semiannually and matures in 12 years, it will have a total of 24 periods (12 years x 2 periods per year).

2. Calculate the periodic coupon payment: The coupon rate is 4.35%, and since the bond has a par value of $1,000, the periodic coupon payment can be calculated as follows:

  Coupon payment = Coupon rate x Par value / Number of periods per year

  Coupon payment = 4.35% x $1,000 / 2 = $21.75

3. Calculate the present value of the coupon payments: We need to find the present value of the 24 coupon payments using the bond's yield to maturity. In this case, the bond sells for $956.50, which is less than its par value of $1,000. Therefore, the yield to maturity will be greater than the coupon rate.

4. Calculate the present value of the maturity value: The maturity value is the par value of $1,000. We also need to find its present value using the bond's yield to maturity.

5. Sum up the present values of the coupon payments and the maturity value to get the total present value of the bond.

6. Use trial and error or a financial calculator to find the yield to maturity that makes the total present value equal to the bond's current price of $956.50.

Based on the given options, you need to find the yield to maturity that matches the bond's current price of $956.50. Since you provided a range of options, you can start by calculating the yield to maturity for each option and check which one matches the bond's price.

Let's calculate the yield to maturity for each option:

1. 4.83 percent:

  Plug this yield to maturity into the calculations described above and check if the total present value matches the bond's current price.

2. 6.85 percent:

  Repeat the calculations using this yield to maturity and compare the total present value with the bond's current price.

3. 11.33 percent:

  Calculate the total present value using this yield to maturity and compare it with the bond's current price.

4. 12.78 percent:

  Finally, compute the total present value using this yield to maturity and check if it matches the bond's current price.

By comparing the total present value with the bond's current price for each yield to maturity option, you can determine the correct answer.

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as a customer's account receivable balance is specifically written-off due to its being uncollectible, what is the effect on the company's total assets amount? select one: a. no effect b. a decrease c. an increase

Answers

The most accurate answer is option B, "a decrease."

The effect of writing off an uncollectible account receivable balance on a company's total assets amount depends on the chosen option.

Option A, "no effect," suggests that the account receivable balance is not taken into consideration when calculating the total assets amount.

Option B, "a decrease," means that the amount written off from the account receivable balance is deducted from the company's total assets amount.

Option C, "an increase," implies that the amount written off is added to the company's total assets amount.

When an account receivable balance is written off as uncollectible, it is essentially no longer an asset of the company. In this case, the account receivable balance is deducted from the company's total assets amount.

The process is similar to when an invoice is paid and the accounts receivable balance is reduced. In both cases, the total assets amount decreases.

If the company chooses to write off the account receivable balance as uncollectible, the total assets amount is decreased by the amount of the written-off balance.

This process is recorded in the accounting books, and the company's total assets amount is recalculated to reflect the deduction.

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A business must decide whether to open a new office in China. If it opens the branch, it will increase its chances of selling a high volume of its products in China. On the other hand, the business will have to spend a lot of money to make the branch operational. What would be an opportunity cost for the business if it chooses to open the new branch in China? O A. The business would gain access to a large number of new customers. B. The business would have to spend more money on each item it produces C. The business would have less money to open branches in other countries. D. The business would be forced to relocate all its workers to China.​

Answers

Answer:

C. The business would have less money to open branches in other countries.

Explanation:

In Economics, Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

Furthermore, the value of the opportunities lost by an individual or a business is the opportunity cost of a choice.

Hence, the opportunity cost of a choice is the benefits that could be derived from another choice (alternatives) by using the same amount of resources.

In this scenario, an opportunity cost for the business if it chooses to open the new branch in China is that it would have less money to open branches in other countries because it has to spend a lot of money to make the branch operational.

1. What is the economic order quantity for​ Zhou's AirWing​ bicycle? A. 79. B. 42. C. 37. D. 68

Answers

Plugging in these values to the formula, we get economic order quantity for​ Zhou's AirWing​ bicycle i.e EOQ = √((2 x 600 x $100) / $2) = 77.46 i.e 79. The correct option is A.

The economic order quantity (EOQ) is a formula used to determine the optimal order size for a company in order to minimize inventory costs. In the case of Zhou's AirWing bicycle, the EOQ can be calculated using the following formula: EOQ = √((2 x annual demand x ordering cost) / holding cost per unit).

We know that the annual demand for the AirWing bicycle is 600 units, the ordering cost is $100 per order, and the holding cost per unit is $2.  Rounding up to the nearest whole number, the EOQ for Zhou's AirWing bicycle is 79 units.

This means that it would be most cost-effective for Zhou to order 79 units of the AirWing bicycle at a time in order to minimize inventory costs. It is important to note that while the EOQ can help to reduce inventory costs, it is not always feasible to order exactly this amount due to factors such as storage space and supplier constraints.

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economic growth refers to an increase in which of the following? (a) government spending (b) consumption spending (c) nominal gross domestic product (d) potential real gross domestic product (e) household wealth

Answers

Economic growth refers to an increase in the production and output of goods and services within an economy.

This increase can be measured by a variety of indicators, but the most commonly used is the nominal gross domestic product (GDP), which is the total value of all goods and services produced within a country's borders. Economic growth can also be measured in terms of potential real GDP, which is the total value of all goods and services produced within a country's borders, adjusted for inflation and changes in productivity. Consumption spending and household wealth are both important factors that can contribute to economic growth, but they are not direct indicators of growth themselves. Government spending can also contribute to economic growth, but it is often viewed as a tool for stimulating growth rather than a direct measure of it.

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Marsha wants to set up an irrevocable trust for her son. Which is she not able
to do after the trust is set up?

Answers

Answer:

irrevocable trust means that no one can get to the trust

Superb Ltd. Is a well diversified company engaged in development of real estate, tourism and
textiles. The company plans to raise a sum of Rs. 120 crores in order to finance its expansion plans. Presently, there is a conflict among its financial managers as to whether the company should float an issue of equity shares or debentures to raise the required amount of funds. Which of the two sources of funds will you suggest considering the fact that company has not raised much debt capital so far and why? Class 11

Answers

Answer:

Since the company's debt level is very low, then it should probably issue new debt. The advantage of issuing debt is that debt is always cheaper than equity. E.g. the company issues a bond with a 10% coupon rate and the corporate tax rate is 30%. The after tax cost of debt = 10% x (1 - 30%) = 7%.

Issuing bonds with a 10% coupon rate is not something impossible, and actually the interest rate is pretty high. Some companies issue bonds at 4 or 5%. But to raise new capital offering a return on equity of 7% or less is extremely odd and difficult. Generally, the cost of equity of normal corporations tends to be about twice as higher as the cost of debt.

Since the company's debt level is so low, it should almost certainly issue fresh debt. The benefit of issuing debt is that it is always less expensive than issuing equity. For example, suppose a corporation issues a bond with a 10% coupon rate and a 30% corporate tax rate.

About Sources of funds:

Issuing bonds with a ten percent coupon rate isn't difficult, and the interest rate is actually quite high.

Some businesses issue bonds with a 4% or 5% interest rate. However, raising additional capital with a return on equity of 7% or less is unusual and challenging.

In general, normal firms' cost of equity is about twice as high as their cost of debt.

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3. "Release of a Bollywood is postponed due to opposition by one of the minister." This is an example
of a key component of the business environment. Name the component. Why is it necessary for the
business enterprises to systematically analyze and diagnose this environment

Answers

Answer:

The given statement, "Release of a Bollywood is postponed due to opposition by one of the minister," is an example of a key component of the business environment known as "political and legal factors." This component includes the laws, regulations, and policies set forth by governments, as well as the political stability, ideologies, and actions of political figures that can impact businesses.

It is necessary for business enterprises to systematically analyze and diagnose this environment because it affects their operations, decision-making, and profitability. Changes in laws or regulations that impact the industry in which they operate can create opportunities or threats. The actions or positions taken by politicians or public officials can affect the reputation of the business and its customer base. Therefore, understanding these political and legal factors helps businesses identify potential risks and opportunities so they can adjust their strategies accordingly to thrive in a dynamic environment. Additionally, complying with legal requirements and responding to political pressures is essential for the long-term sustainability of the business.

what is a set of concepts and policies for managing it infrastructure, development, and operations? the information is published in a series of books, each covering a separate it management topic.

Answers

A set of concepts and policies for managing it infrastructure, development, and operations is: IT Infrastructure Library (ITIL).

What is IT Infrastructure Library?

IT Infrastructure Library can be defined as the approach that help to showcase how to effectively  and efficiently deliver IT services smoothly.

The main  objective of IT infrastructural  is to plan and maintain the IT Lifecyle  and to effectively manage  IT infrastructure, development as well operations.

Therefore the correct option is B.

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The correct question is:

What is a set of concepts and policies for managing IT infrastructure, development, and operations?

A. ISO 27002

B. Control Objectives for Information and related Technology (COBIT)

C. IT Infrastructure Library (ITIL)

D. NIST Cybersecurity Framework (CSF

How do long-term goals differ from short-term goals?

Long-term goals require more money than short-term goals.
Long-term goals require more preparation than short-term goals.
Long-term goals are less attainable than short-term goals.
Long-term goals take longer to plan than short-term goals.

Answers

Answer:

2, long term goals require more preparation than short term goals.

Explanation:

You need to put a lot of thinking and preparation for long term goals.

Short-term goals can be accomplished with less planning than long-term ones. As a result, choice (2) is the right one.

What do you mean by short-term goals?

Your immediate priority is to complete a short-term goal. You can affect significant change by setting short-term goals.

Anything you desire to do soon is a short-term objective. Today, this week, this month, or even this year can all be considered as being in the near future. Something you desire to do quickly is a short-term aim. A long-term aim is something that will require a significant amount of time to complete.

You can advance your career by setting both long-term and immediate objectives. You can think of immediate actions to take by setting short-term goals. You may manage your time better by setting short-term goals. While short-term goals may appear insignificant, achieving them can result in significant achievements in both your personal and professional life.

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Select the correct answer.
Employees of ABC company uploaded files on a shared server with unique file naming conventions. However, they faced problems while
locating these files. Which file naming convention caused this problem?
ОА
Use of the YYMMDD format while naming the file.
OB
Use of capital letters while differentiating words in the file name.
Ос.
Inconsistent file naming conventions.
OD
Use of unnecessary word in the file names.

Select the correct answer.Employees of ABC company uploaded files on a shared server with unique file

Answers

Answer:

A is the answer

Explanation:

Answer:

А:

Use of the YYMMDD format while naming the file.

Explanation:

PLATO / Edemtum

Luna company accepted credit cards in payment for $6,000 of services performed during july. The credit card company charged luna a 4 percent service fee; it paid luna as soon as it received the invoices. Required based on this information alone, what is the amount of net income earned during the month of july?.

Answers

The net income earned is $240

The term net income refers to a company's net earnings. It is determined by subtracting total expenses from total receipts. The term total expenditure can refer to a variety of things, such as taxes, business expenditures, interest payments, fees, and depreciation. The calculation of shareholders' earnings per share is aided by net income.

1.

Dr.  Account Receivable $5,760

Dr. Service charges         $240

Cr.  Service revenue        $6,000

2.

Dr.  Cash                            $5,760

Cr.  Accounts receivable  $5,760

Working Notes

Assuming all the sales are performed on the account first Then cash is received after the issuance of the invoice.

Service revenue                      $6,000

Less: Credit card expenses    $ (240)

Net income                              $5,760

Service charges = $6,000 x 4% = $240

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comparing early triassic and late jurassic paleogeography, shows that have moved much farther north than arabia during this interval.

Answers

Comparing Early Triassic and Late Jurassic paleogeography, shows that North and South China have moved much farther north than Arabia during this interval.

What is paleogeography?

The study of historical geography, primarily physical landscapes, is known as paleogeography. The study of human or cultural contexts can be a part of paleogeography. Paleogeomorphology is occasionally used alternatively when the emphasis is solely on landforms.

The study of ancient geography, primarily physical landscapes, is known as palaeogeography. The study of human or cultural contexts can be a part of paleogeography. Paleogeomorphology is occasionally used alternatively when the emphasis is solely on landforms.

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complete question;

Comparing Early Triassic and Late Jurassic paleogeography, shows that __________ have moved much farther north than Arabia during this interval.

the increase of farmers in the west after the civil war was caused, primarily, by group of answer choices the belief in economic opportunity by many americans. the decline of ranching. an increase in the birthrate of the western farmers. failed miners looking for new occupations.

Answers

The increase of farmers in the west after the civil war was caused, primarily, by C) the belief in economic opportunity by many Americans. So that, each of people in the west after civil war mostly become a farmer.

After the Civil War, drought, plagues of grasshoppers, boll weevils, rising costs, falling prices, and high interest rates made it increasingly difficult to make a living as a farmer. The widespread destruction of the war plunged many small farmers into debt and poverty, and led many to turn to cotton growing. The increased availability of commercial fertilizer and the spread of railroads into upcountry white areas, hastened the spread of commercial farming.

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for human services pleaseeeeeeeeeeee help <3

for human services pleaseeeeeeeeeeee help &lt;3

Answers

Answer:

gghddhshdjshsjgsgsgshsnssmad

What causes the gross domestic product to go up?

A.) a rising unemployment rate
B.) more investment in businesses
C.) a reduction in exports
D.) less government spending

Answers

Answer: B

Explanation: No

More investment in businesses causes the gross domestic product to go up. Thus, option 'B' is the correct option.

What is the gross domestic product?

Gross domestic product (GDP) is a monetary indicator of the total market value of all the final commodities and services that nations generate and sell over a certain time period. This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is.

To compare living standards between countries, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful, whereas nominal GDP is more useful for comparing national economies on the global market. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries. The contribution of each industry or sector to the overall GDP may also be quantified.

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debt consolidation allows you to:

Answers

Debt consolidation allows you to convert many of your debts into one loan payment.

Debt consolidation is the process of obtaining a new loan or credit card in order to pay off multiple older loans or credit cards. You could also be able to get better terms for paying off your debts by consolidating them into one, larger loan, such a lower interest rate, smaller monthly payments, or both.

The process of paying off several debts with a single loan or credit card is known as debt consolidation. A possible lower interest rate and smaller monthly payments are two advantages of debt consolidation.

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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???

Answers

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

In the manufacturing sector, small businesses sometimes have an advantage over large firms because small businesses
answer choices
are exempted from paying taxes in most countries.
can customize products to meet specific customer needs and wants.
have a better access to highly skilled workers.
can mass produce and supply goods in bulk.
have better access to funds and can invest on sophisticated equipment.

Answers

In the manufacturing sector, small businesses sometimes have an advantage over large firms because small businesses can customize products to meet specific customer needs and wants. Thus, option (b) is correct.

What is manufacturing?

The term manufacturing refers to manufacture the product. The product was the converted into the raw material and the finished goods. The manufacturing is the process of the manufacture of the goods. The goods are the related to the sale in the market.

According to the manufacturing sector in the small business customize commodities to get together particular customer needs and wants as the benefit to the large firm. it was the unique in the client preferences basis.

As a result, the significance of the manufacturing are the aforementioned. Therefore, option (b) is correct.

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when ______________ are present, the market price does not fully reflect the total costs or total benefits of a transaction to all parties.

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When externalities are present, the market price does not fully reflect the total costs or total benefits of a transaction to all parties. Externalities are the impact of one person's activities on others who did not agree to the effect and that are not shown in the cost of goods or services.

When externalities are present, the market price does not fully reflect the total costs or total benefits of a transaction to all parties. An externality is an impact of a transaction on a third party who is not directly involved. Externalities can either be positive or negative. In the case of a negative externality, the total cost of a transaction is greater than the price paid by the buyer and received by the seller. The costs to the third parties are not reflected in the market price. For example, if a factory pollutes a river, the costs of cleaning the river are not included in the price of the goods produced by the factory. Positive externalities, on the other hand, occur when a transaction benefits a third party without compensation. When externalities exist, the market cannot achieve an efficient allocation of resources.

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the objective of inventory management is to part 2 a. strike a balance between inventory investment and customer service. b. provide a selection of goods for anticipated customer demand. c. take advantage of quantity discounts. d. decouple various parts of the production process.

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The primary objective of inventory management is to strike a balance between inventory investment and customer service. The correct answer is A.

Inventory management is concerned with maintaining the right level of stock at the right time to meet the demands of the business. Inventory is usually classified as raw materials, work in progress, or finished goods. Maintaining a balanced inventory is critical to keeping a company's supply chain operating efficiently. The following are some of the aims of inventory management:

To avoid stockouts and backorders, maintain the proper stock level.

To reduce stock levels, increase inventory turnover rates, and lower inventory costs.

To satisfy customer demand by providing the correct products at the correct time.

To ensure the efficient utilization of warehouse space, as well as transportation and labor costs.

To provide a cushion against uncertainty in demand and supply, as well as to protect against fluctuations in lead times.

To take advantage of quantity discounts offered by vendors, as well as to reduce ordering costs.

The correct answer is a. strike a balance between inventory investment and customer service.

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