True or False? Briefly discuss.
a. If a firm makes zero economic profit, the firm earns revenue that exceeds its economic costs.
b. If a firm makes zero economic profit, it must shut down.
c. If a firm makes zero economic profit, it can be earning positive accounting profit.
d. If a firm makes zero economic profit, it has no fixed costs.
Answers
If a firm makes zero economic profit , then a. True b. False c. True d. False
If a firm makes zero economic profit, the firm earns revenue that exceeds its economic costs. This statement is false because if the company makes zero economic profit, it means that its revenue is equal to its economic costs.
b. If a firm makes zero economic profit, it must shut down. This statement is false because even if a company earns zero economic profit, it can still continue to operate in the short run because its revenue is sufficient to cover all of its variable costs, which can be a lifeline for the company. The company can also reduce its production if necessary to save on costs.
c. If a firm makes zero economic profit, it can be earning positive accounting profit. This statement is true because in the case of zero economic profit, the company's revenue is equal to its accounting costs, which may contain a positive accounting profit. Accounting profits are the profits that a company earns on its financial statements.d. If a firm makes zero economic profit, it has no fixed costs.
This statement is false because even if a company earns zero economic profit, it may still have fixed costs. The company is still required to pay for all its fixed costs like rent, salaries, utilities, and other expenses. These fixed costs may put the company under pressure, but the company may continue to operate in the short term.
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Related Questions
What does it mean when your refund has been applied to a past due obligation?
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When your refund has been applied to a past due obligation, it means that the government or another entity to which you owe a debt has taken some or all of your tax refund to pay off that debt.
This can happen if you owe back taxes, child support, or other types of debts that are subject to government collections. The government or other entity can use your tax refund to satisfy your outstanding debt, which means that you will receive less or no refund for the current year.
If your refund is not enough to cover the full amount of the past due obligation, you may still owe the remaining balance.
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For what purpose are goods and service produced in a socialist economy
Answers
Answer: The options are missing from the question,the options are;
A) Profits
B) Their usefulness
C) To create demands
D) To meet all consumer needs.
The correct answer to the question is option D
In a capitalist economy,goods and services are being produced for the sole aim of making profits and to accumulate capital, but when we talk about the SOCIALIST ECONOMY,it differs from the capitalist economy and the sole aim is different.
Socialist economy employs a technique known as usage value in the meeting of the needs and wants of the people, this prevents the over production or under production of goods and services based on their rewards and usage.
In socialist economy,goods are services are produced and those goods and services are made directly accessible to the people that is the masses. A scarce economic resources in a socialist economy are being utilized judiciously inorder to meet the needs of the consumers and make them satisfied in every way possible.
When janelle decided to buy a new computer, she thought about all the brands she could recall seeing advertised, but when she visited her local best buy, she limited her search to only those brands she would consider buying. the brands available at best buy represent janelle's set.
Answers
Situational influences are transient circumstances that have an impact on consumer behavior.They include tangible elements like a store's layout, buying areas, music, lighting, and even odors.Businesses work to improve the physical conditions that shoppers encounter.
What are the situational factors that could alter the consumer decision making at the time of purchase?The likelihood that someone will go through all six stages of the purchasing process is probably limited to specific circumstances, such as when purchasing a thing for the first time or when purchasing expensive, durable, infrequently used items.Complex decision-making is what is meant when this occurs. Which of the aforementioned purchases would consumers be most likely to make with limited problem-solving.A regular coffee drinker's typical purchase is generally coffee to go.But problem solving skills will likely be reduced as a result of college courses. Physical surroundings, social surroundings, temporal perspective, task description, and antecedent state are the five components that make up situational factors. There are four different forms of consumer behavior: complex buying behavior, dissonance reduction, variety seeking, and habitual buying behavior. Consumer decision-making can appear complicated, but all buyers follow the same fundamental stages to choose the goods and services that will best meet their needs.Whether purchasing something, especially when it's something substantial like a car, consider your own thought process. When acquiring high-involvement products, buyers don't exhibit routine response behavior.Instead, they participate in what is known as prolonged problem solving, spending a lot of time weighing various factors such product features, costs, and warranties.To learn more about decision making refer
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If net sales are $600,000 and gross profit is $412,800, what is the gross profit rate?.
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If net sales are $600,000 and gross profit is $412,800, the gross profit rate is 68.8%.
Gross Profit: A company's gross profit is calculated by deducting its entire sales from its total cost of products sold. All products sold by the business are included in the overall sales. All of the variable costs related to sales are added together to form the overall cost of the products sold.
How can I determine my gross profit?
Cost of goods sold (COGS) is subtracted from total revenue to determine gross profit. Typically, only variable expenses are taken into account when determining gross profit from COGS. Variable expenses are those that are directly related to output (like material and shipping costs).
What is a gross profit, exactly?
Gross profit, often known as gross income, is calculated by deducting a company's cost of goods sold from its sales (COGS). It is frequently used to assess how effectively a business is controlling labor and resources throughout production.
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What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
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Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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Portals primarily generate revenue in all of the following ways except:
charging advertisers for ad placement.
collecting transaction fees.
charging subscription fees.
sales of goods.
Answers
Except for sales of items, portals make money largely through the following methods. Here option D is the correct answer.
Portals are web-based platforms that provide users with access to a wide range of information, services, and tools. These platforms generate revenue through various means, including advertising, transaction fees, and subscription fees. However, portals do not typically generate revenue through the direct sales of goods.
One of the most common revenue streams for portals is advertising. Portals provide a valuable audience to advertisers, and they can charge for ad placement on their platform. This can be done through various models, such as pay-per-click, pay-per-impression, or pay-per-conversion.
Another revenue stream for portals is collecting transaction fees. This is particularly relevant for portals that facilitate e-commerce transactions, such as online marketplaces. These platforms can charge a fee for each transaction that takes place on their platform.
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Complete question:
Portals primarily generate revenue in the following ways except:
A - charging advertisers for ad placement.
B - collecting transaction fees.
C - charging subscription fees.
D - sales of goods.
convenience products, though inexpensive, require considerable shopping effort by buyers. true false
Answers
The given statement that "convenience products, though inexpensive, require considerable shopping effort by buyers" is false.
What are convenience products?Convenience products are products that are bought regularly, instantly, and without much thought by customers. They are items that are convenient to use and save time and effort for the consumers, which is why they are purchased in large quantities.
Convenience products are often low-cost, branded, and come with ease of availability at a retail store. The statement is incorrect as convenience products do not require much shopping effort by buyers.
These are the products that are widely available in the market at various retail stores such as supermarkets, departmental stores, and grocery shops, and consumers can easily purchase them without much effort.
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the principle of ______ is based on the notion that marketers should do no major harm to consumers.
A.principle of nondeception
B. principle of nonmalfeasance
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The principle of normal feasance is based on the notion that marketers should do no major harm to consumers. Thus, option B is the correct answer.
The principle of non-maleficence, often known as "do no harm," is a principle in healthcare ethics that is often associated with the Hippocratic Oath taken by doctors. This principle is one of the core ethical concepts that govern the behavior of healthcare providers in medical practice, requiring that they do no harm to their patients.The principle of nonmaleficence implies that individuals who work in the healthcare sector should not intentionally or unintentionally cause harm to their patients, and that they should act in the best interests of their patients. In the context of marketing, the principle of nonmalfeasance is based on the notion that marketers should not do any harm to consumers while marketing their products. It is the marketer's responsibility to ensure that their advertisements and marketing strategies do not harm the consumers.
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Provide a detailed plan, including actual dollar amounts, for Selena to wisely use the extra $300 per month from her raise. For each part of the plan, briefly describe why you're making this choice. NEED ANSWER ASAP
Answers
Selena's Budget plan for $300 to be in order: pay debt from $150 if any, put $50 in the emergency fund, buy necessary item/service <= $50 needed for a long time, visit park/fun/landmark/beach/casual place <= $50.
What is a budget?It should be noted that a budget simply means the financial estimate of the income and expenditure of an individual or an organization.
The purpose of the budget is to establish financial objectives with the monitoring and measurement of results, enabling better decision-making.
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actions and policies based on corporate social responsibility take into account stakeholders' expectations and often consider the triple bottom line (true or false)
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True. Corporate social responsibility (CSR) involves a company's commitment to operating in an ethical and sustainable manner while taking into account the impact of its actions on all stakeholders, including employees, customers, shareholders, suppliers, and the community.
Therefore, any actions and policies based on CSR must consider stakeholders' expectations, as their interests and concerns are critical to the success of the company.
Moreover, CSR is often measured by the triple bottom line, which evaluates a company's performance not only in terms of financial profits but also in social and environmental dimensions. Thus, CSR actions and policies must align with these three dimensions, aiming to create shared value for all stakeholders while contributing to sustainable development.
In conclusion, CSR is a comprehensive approach that integrates social, environmental, and economic considerations into a company's decision-making processes, demonstrating its commitment to responsible business practices and contributing to a better society.
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Home Smart Inc. is a chain of supermarkets that sells its products at higher prices than its competitors. Yet, the supermarket chain has a large customer base due to its wide product portfolio and superior customer service. Which of the following generic business strategies has Home Smart adopted in this scenario?
a. market penetration
b. cost-leadership
c. differentiation product
d. diversification
Answers
Answer:
C
Explanation:
Product differentiation is a marketing strategy where a company strives to distinguish the products it offers to consumers from other products.
differentiation could be in terms of offering a broad range of products to consumers or offering products of superior quality to consumers or offering better services to customers
Your networking contact list should be limited to family members.

Т
F
Answers
Answer:
Explanation:
RIGHT
josiah's team missed a crucial deadline and lost a major client due to poor communication. as a result, his team is experiencing trust issues. josiah is looking for ways to improve trust across the team as a whole and has generated a few ideas. all of the following are likely to increase trust except: josiah creates a poster board with team goals, indicating the roles of each team member. josiah has individual check-ins with his team members to provide feedback. josiah plans to provide his team with more project training sessions to help improve their efficiency both as individuals and as a group. josiah limits meeting frequency in order to reduce the opportunity for conflict and dissent.
Answers
Josiah limiting meeting frequency in order to reduce the opportunity for conflict and dissent as this will hamper team spirit being formed.
What is Team Spirit?Team spirit is the sense of pride and commitment shared by team members, which motivates them to strive for excellence on their team. Being willing to go above and beyond the call of duty to assist coworkers is an illustration of high team spirit. This might be as easy as inviting a new hire to lunch on their first day so they have the chance to get to know someone at work, or it can be as complex as assisting a colleague with a significant project. The book Team Spirit is an engrossing and motivating read with real-life examples of leadership concepts and how one outstanding person uses them to build a fantastic team that wins the race.
Hence, Josiah limiting meeting frequency in order to reduce the opportunity for conflict and dissent as this will hamper team spirit being formed.
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Can people boost their points on their questions?
Answers
Answer:
Yes.
Explanation:
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by
Answers
Answer:
see. I hope it's helpful for you lolExplanation:
i need friend lol can you my friend
A bank gives three loans totaling $500,000 to a development company for the purchase of three business properties. The largest loan is $200,000 more than the sum of the other two and the smallest loan is one-half of the next largest loan. Represent the amount of money in each loan from smallest to largest as x, y, and ? respectively a. Choose the system of three equations in three variables that represents the problem ОА. x+y+z=500.000 -X-y+=200,000 oc x+y+z = 500,000 - X-y2 = 200,000 --x-yz = 500,000 x+y+z=200,000 x-y- 0 0 b. Use a matrix equation to solve the system and find the amount of each loan $_y=$z=52 (Type an exact answer in simplified form) X
Answers
Solving this problem through matrix equation, we get $_x=$50,000, $_y=$100,000, and $_z=$350,000 for each loan.
Let x be the smallest loan. Then y will be twice of x i.e., y = 2x.
Let z be the largest loan.We know, the largest loan is $200,000 more than the sum of the other two.
Thus, z = x + y + $200,000
z = x + 2x + $200,000
z = 3x + $200,000
But, the bank gives three loans totaling $500,000.
So, x + y + z = $500,000x + 2x + (3x + $200,000)
= $500,0006x + $200,000
= $500,0006x
= $300,000x
= $50,000 So, x = $50,000 And y = 2x
= 2($50,000)
= $100,000z
= 3x + $200,000
= 3($50,000) + $200,000
= $350,000
Therefore, the amount of money in each loan from smallest to largest is $50,000, $100,000, and $350,000 respectively.
So, the matrix equation for the system of linear equations can be written as:$$\begin{bmatrix}1&1&1\\-1&-1&1\\1&2&1\\\end
{bmatrix}\begin{bmatrix}x\\y\\z\end{bmatrix} = \begin{bmatrix}500000\\200000\\0\end {bmatrix}$$
Solving this matrix equation, we get the following values of x, y, and z:$$x = 50000, y = 100000, z = 350000$$
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Diana's gross pay was $890 and her total deductions were $89. What is her net pay?
Answers
Explanation:
Greetings !
Diana's gross payment - Her deductions = Her net payment.
Thus, $890-$89=801$=Net payment of Diana.
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Given that nw=1.33nw=1.33 and na=1.00na=1.00 , by what percent do objects underwater appear closer than they actually are?
Answers
Objects underwater appear approximately 33% closer than they actually are due to the difference in refractive indices between water and air.
The refractive index of water (nw) is 1.33, while the refractive index of air (na) is 1.00. When light passes from water to air, it undergoes refraction, causing a change in its direction. This change in direction makes objects underwater appear closer than they actually are when viewed from the air. The degree of this apparent displacement can be estimated by comparing the refractive indices, and in this case, it results in objects underwater appearing approximately 33% closer than their actual distance. This phenomenon is commonly observed when looking at objects underwater, such as fish or submerged structures.
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what is the name inventory includes the cost of components that will become part of the finished product but have not yet been used in production.?
Answers
The name of inventory that includes the cost of components that will become part of the finished product but have not yet been used in production is called raw materials inventory.
Raw materials inventory is the account that records the cost of raw materials and parts that are still in inventory and have not yet been utilized in the manufacturing process. Raw materials inventory is listed as a current asset on the balance sheet, as it represents inventory that has yet to be converted into completed products.
The raw materials inventory formula is given as follows:
Raw materials inventory = Beginning raw materials inventory balance + Purchases of raw materials - Ending raw materials inventory balance.
Raw materials inventory is used in many types of manufacturing settings, including assembly, batch production, and job shop manufacturing. It aids in the efficient planning and management of production processes by ensuring that sufficient raw materials are always on hand when needed.
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Which of the following examples demonstrate common education and qualifications for Health, Safety, and Environmental Management careers? Check all that apply.
Houston is good at leading and supervising other workers.
Penny is very creative and can think of new ways to solve problems.
Melinda is good at explaining safety instructions to workers.
Caron has good mechanical knowledge of how diesel engines work.
Edgar has a bachelor’s degree.
Kent is a very good driver.
Answers
Answer:
B,C,E
Explanation:
100% on Edg
Answer:
2)Penny is very creative, and can think of new ways to solve problems.
3)Melinda is good at explaining safety instructions to workers.
4) Edgar has a bachelor’s degree.
Explanation:
Got it right on edge :)
In a push based system of distribution which relies on selling to customers through a sales force and retail partners, managers direct their promotional efforts more towards
Answers
Answer:
a) channel members.
Explanation:
A push-based distribution system can be defined as one whose production plan is directed from management to the market, where products are sent through a channel until they reach retailers, and then to the final consumer.
Therefore, managers direct their promotional efforts more towards channel members, so that the path that the product goes through to reach the final consumer is effective so that the product arrives in the right way, in the right quantity and at the right time to the consumer. Effective management of the company 's distribution channel helps to reduce costs, reduce delays, speed up the capacity to meet demand, increase customer satisfaction, etc.
A greeting card company wants to design an advertisement that invokes affection. Which tag line should it use for this purpose?
OA. "Win the race."
B.
"Show that you care."
OC. "Take pride in your achievement."
D. "Grab an opportunity."
Answers
The tagline that the greeting card company should use to invoke affection is "Show that you care."
This tagline is focused on expressing affection and indicating that the person cares for the recipient, which is directly related to the company's goal of designing an advertisement that invokes affection.
On the other hand, the other options, such as "Win the race," "Take pride in your achievement," and "Grab an opportunity," are more focused on achievement and competition, which are not directly related to the goal of invoking affection.
Joseph just closed a tough year. His new product idea got a much slower sales start than he hoped, generating significant losses in t first year. He was confident Year 2 would be better. If he anticipates first-quarter sales volume to be 300 units at a selling price of $9.00 per unit, with increasing sales volume of 20% each successive quarter after that, how much revenue would he earn each quar and in total for the year? (Round number of units to 0 decimal places, e.g. 125 and final answers to 2 decimal places, e.g. 5,125.25.)
Answers
Joseph would earn $2,700.00 in the first quarter, $3,240.00 in the second quarter, $3,888.00 in the third quarter, and $4,662.00 in the fourth quarter. The total revenue for the year would amount to $14,490.00.
Joseph's anticipated sales volume and revenue for each quarter, as well as the total revenue for the year, can be calculated as follows:
First Quarter:
Sales volume: 300 units
Selling price per unit: $9.00
Revenue: 300 units * $9.00 = $2,700.00
Second Quarter:
Sales volume: 300 units * 1.20 (20% increase) = 360 units
Selling price per unit: $9.00
Revenue: 360 units * $9.00 = $3,240.00
Third Quarter:
Sales volume: 360 units * 1.20 (20% increase) = 432 units
Selling price per unit: $9.00
Revenue: 432 units * $9.00 = $3,888.00
Fourth Quarter:
Sales volume: 432 units * 1.20 (20% increase) = 518.40 units (rounded to 518 units)
Selling price per unit: $9.00
Revenue: 518 units * $9.00 = $4,662.00
Total Revenue for the Year:
$2,700.00 + $3,240.00 + $3,888.00 + $4,662.00 = $14,490.00
Therefore, Joseph would earn $2,700.00 in the first quarter, $3,240.00 in the second quarter, $3,888.00 in the third quarter, and $4,662.00 in the fourth quarter. The total revenue for the year would amount to $14,490.00.
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Although channels of distribution allow consumers and industrial users access to products from all over the world, they do not guarantee that consumers will be able to purchase anything they want. Tiny time they want. Certain products may only be available in limited supplies. Because of supply and demand, channel members may be able to charge higher prices for coveted products. This may be fine for a designer handbag, but what if the product is more basic, like fresh water or medical supplies? Or, let's say there is a hurricane or tornado in a certain part of the country, and many people need to repair their homes and roofs. Is it OK for channel members to mark up hardware products during this time to make a bigger profit?
Answers
Answer:
We can more easily obtain products from all over the world. Channels of distribution allow consumers, industrial users, producers, and other channel intermediaries to save time and money. They also allow us to more easily obtain products from all over the world, since we do not have to travel and search for each individual item we wish to purchase.
Technology improves the productivity of a farmer by enabling access to the latest prices for commodities, using satellites to view his fields, and:
Answers
Agriculture is growing daily. Technology improves the productivity of a farmer by maximizing the use of seed and fertilizer by tracking yields to improve profits.
How does technology boast productivity in agriculture?The use of technological has lead to more productive and environmentally friendly type of agriculture. This has brought about zero tillage, reduced tillage, mulching, integrated plant nutrient management, etc.
Technology has help to boast the productivity of a farmer by as they can use less seeds and fertilizer through the act of tracking yields to improve profits.
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Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.
Answers
A family can have more than one person contributing to the household income for a better financial position.
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I need help with all those questions
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Your parents are giving you $200 a month for 4 years while you are in college. At an interest rate of .47 percent per month, what are these payments worth to you when you first start college?
Answers
Answer:
50k for mee i am rich you gareb
A couple advises a banker that their total income includes both salary and disability payments. How should disability payments, which are non-taxable, be analyzed in order to fairly calculate the customer’s ability to pay?.
Answers
The way that disability payments be analyzed in order to calculate the customer’s ability to pay are:
The use of SSA Notice of Award or any equivalent document “does not have a defined expiration dateThe use of income from this source that qualifies income.How do you calculate disabilities?In the calculation of how much a person can receive as your disability benefit, there is the use of SSA via the use of the average amount a person have earned per month over the timeframe of their adult years, and one adjusted for inflation.
One can do so by entering your typical annual income. and this income will be adjusted to know the wage growth over a person's career.
Note that The way that disability payments be analyzed in order to calculate the customer’s ability to pay are:
The use of SSA Notice of Award or any equivalent document “does not have a defined expiration dateThe use of income from this source that qualifies income.Learn more about disability payments from
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what is horizontal filling?
Answers
In horizontal filling, documents are placed in a horizontal position, one on the top of another in order of date and the latest document is kept on the top. The best example of horizontal filing is flat files and arch lever file.