Considering monopoly, monopolistic competition, and perfect competition, the market structures, a profit-maximizing firm that experience a zero economic profit is the answer cannot be determined without knowing whether the market is in the long run or short run. The Option D is correct.
What is a zero economic profit?In competitive market, the zero-profit condition refers to the condition that occurs when an industry or type of business has an extremely low cost of entry to or exit from the industry. In this situation, some firms are not already in the industry and tend to join the industry if they calculate that they will make a positive economic profit (profit in excess of the cost of acquiring investible funds).
More firms will enter until the economic profit per firm has been driven down to zero by competition. Conversely, if the firms are making negative economic profit, then, enough firms will exit the industry until economic profit per firm has risen to zero.
Therefore, the description often represents a situation of almost perfect competition, a situation with zero economic profit is referred to as the industry's long run.
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which of the following is not correct? a. an advantage of a negative income tax is that it is not based on the number of children, so it does not provide incentives for unmarried women to have children. b. supporters advocate the use of the earned income tax credit as a way to help the working poor. c. a negative income tax subsidizes the incomes of poor people. d. a negative income tax only applies to working people, so it encourages people to get full-time work.
An incorrect statement on tax credits and taxes is that a. an advantage of a negative income tax is that it is not based on the number of children, so it does not provide incentives for unmarried women to have children.
What is a negative income tax ?A system known as negative income tax (NIT) reverses the way taxes are paid for incomes below a specific threshold; in other words, those with incomes above that threshold give money to the state while those with incomes below it get it.
Negative income tax proponents contend that every American who earns less than the federal threshold for tax liability should get a basic income guarantee and that the NIT is a more affordable alternative to the welfare system for providing for the poor.
A negative income tax has an advantage of the fact that it does not provide an incentive for unmarried women to have children as the number of children one has is not taken into account.
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after working for the company for three years, roberto now qualifies to receive an annual bonus if he achieves the performance goals he has been given. this bonus is an example of blank . multiple choice question. a commission merit pay an incentive insurance
After working for the company for three years, Roberto now qualifies to receive an annual bonus if he achieves the performance goals he has been given. This bonus is an example of an incentive.
Incentives, broadly speaking, are any methods of persuading someone to change their behaviour. The fundamental rule of economics and the rules of behaviour highlight that incentives are important because they lead to greater levels of effort and, consequently, higher levels of performance.
There are two types of incentives: intrinsic incentives and extrinsic incentives. People's behaviour is driven by internal motivations. They are frequently more motivated by the work itself or the internal reward during activities than by the outward reward.
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active ownership of a foreign company, with direct investors having either a controlling or a large minority interest in the firm, is called a(n):
Active ownership of a foreign company, with direct Investors having either a controlling or a large minority interest in the firm, is called a direct foreign investment.
What is a direct foreign investment?Foreign direct investment or FDI is an investment in the form of controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control. Foreign direct investment includes mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations, and intra-company loans.
There are three types of FDI, horizontal, platform and vertical FDI.
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When entering into an income based repayment plan option, a student must contact their to select the repayment plan option.
A. student loan facilitator
B. FAFSA service coordinator
C. student loan service provider
D. career coach and financial services counselor
When entering into an income based repayment plan option, a student must contact their loan service provider.
The U.S. Department of Education appoints a corporation as the federal loan servicer to manage the billing and other services associated with a federal student loan. The loan servicer collaborates with the borrower on choices for federal student loan repayment and other duties.
If you have any inquiries prior to submitting an application for an income-driven repayment plan, speak with your loan servicer. You may choose which of these programmes is best for you with the assistance of your loan servicer. You must fill out an application known as the Income-Driven Repayment Plan Request in order to apply.
Hence the correct option is C
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a dispute between individuals or businesses over relationships, obligations, or responsibility, with the remedy usually being monetary compensation, is an example of
A dispute between individuals or businesses over relationships, obligations, or responsibility, with the remedy usually being monetary compensation, is an example of civil law.
Civil law is a type of law that originated in continental Europe and has since spread throughout most of the world. As the main source of law, the civil law system is intellectualized within the framework of Roman law, with essential ideas codified into a referable system.
The common law system, which has its roots in medieval England, and the civil law system are frequently compared. In contrast to civil law, which takes the form of legal codes, common law regimes historically derived their laws from uncodified case law that resulted from judicial decisions and recognized earlier court rulings as binding precedents.
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Why is it difficult to compare the financial statements of a U.S. company with those of a company in India or Germany? And How would McDonald’s benefit if IFRS were adopted for use in all countries worldwide?
IFRS Accounting requirements convey transparency by using enhancing the global comparability and excellent of monetary facts, allowing traders and other marketplace participants to make knowledgeable economic decisions.
IFRS is ideas-based, while GAAP is policies-based. essentially, because of this GAAP is some distance stricter than IFRS, providing unique regulations and tactics that leave little room for interpretation. by assessment, IFRS gives standard pointers that corporations are advocated to interpret to the best of their capacity.
IFRS or worldwide monetary Reporting standards refers to a globally-normal set of accounting and financial reporting tips for making ready and presenting economic statements. It ensures uniformity in accounting practice that makes monetary data similar throughout different reporting entities worldwide.
The Indian Accounting standards (Ind AS), as notified under segment 133 of the organizations Act 2013, were formulated keeping the Indian economic & prison environment in view and in order to converge with IFRS requirements, as issued by using and copyright of that's held by means of the IFRS foundation.
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New classical economists believe that an increase in deficit financing by the government will: __________
New classical economists believe that an increase in deficit financing by the government will Increase savings and fail to stimulate the economy.
A budget deficit can lead to more borrowing more interest payments less reinvestment, and less income next year. Fiscal deficits will make business decision-makers more optimistic. Increased demand for borrowable funds through borrowing will raise interest rates.
Reduce private investment. Neoclassicals believe in a more passive fiscal policy approach designed to support economic growth at stable prices. They believe in low tax rates and limited government spending, which they believe allows the private sector and thus the economy as a whole to thrive. Fiscal deficits will make business decision-makers.
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Temporary accounts include assets, expenses, and the owner’s drawing account.a. Trueb. False
Temporary accounts include assets, expenses, and the owner’s drawing account. This statement is False.
A temporary account is one that closes at the end of each accounting period and has no balance when a new period begins. To prevent their balances from being combined with those of the subsequent accounting period, the accounts are closed. The goal is to display the revenue that was earned as well as the accounting activities for various time periods.
By moving their balances to permanent accounts, temporary accounts are reset to zero. Businesses can track activity for a specific accounting period without fusing data from two different time periods by beginning an accounting period with a zero balance.
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Creosote inc. operates a plant—a "major source"—that emits hazardous air pollutants for which the environmental protection agency has set maximum levels of emission. the plant does not use equipment to reduce its emissions. under the clean air act, this is most likely?
Under the clean air act, this is a most likely violation.
The act of violating: the kingdom of being violated: including. : transgression. Especially: an infringement of the policies in sports that is much less critical than a nasty and normally entails technicalities of play. : an act of the irreverence or desecration: profanation. : disturbance and interruption.
Examples of violations are the robbery of facts from computers belonging to monetary establishments or federal corporations, or computers utilized in interstate commerce. Unauthorized access to authorities' computer systems. Damage to systems or statistics (intentionally or recklessly)
There are three classes of violation – recurring, situational, and fantastic.
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Is Starbucks a MNC or TNC?
Starbucks is a multinational corporation MNC as the organization is working around the globe and not only to a single nation.
Bussiness without Borders is a multinational corporation i.e. a business that operates in two or more countries. MNCs are as big as 100 largest economies in the world, 51 corporations in 49 countries, top 200 multinational corporation combined sales are bigger than the combined economies of 182 countries
Multinational corporations choose to do business in order to increase profits, offer their products to new markets, and cut production costs.Due to jobs, tax money, and modernity, nations compete to entice MNCs: Infrastructure, investment, and technology
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assuming you have a tcf free student checking account, which fee would end up costing you extra money?
Out-of-network ATM fee would end up costing you extra money assuming you have a TCF free student checking account.
What are ATMs and what do they do?Automated teller machines (ATMs) are online financial services that let customers do transactions without visiting a bank location. While some ATMs are just straightforward cash dispensers, others support a range of services like check deposits, balance transfers, and bill payments.
How Are ATMs Operated?Most of the time, using an ATM involves inserting a debit card, ATM card, or credit card into one of the machine's slots. No matter where the ATM is, it electronically links to your bank account over the internet or a phone connection.
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To pay for social insurance programs administered by the social security administration, employers, employees, and the unemployed must contribute.
a. True
b. False
To pay for social insurance programs administered by the social security administration, employers, employees, and the unemployed must contribute is a true statement.
Contributions must be made by employers, employees and the unemployed to pay for social security programs administered by the Social Security Administration. Tax rates may increase annually to provide adequate funding for OASDI programs. Employer and employee are each required to contribute 7.65% to his FICAS. For the self-employed, this amount is typically doubled, or 15.3%.
What is Social insurance ?Generally speaking, the word "social insurance" refers to a mandatory public insurance program that was created to safeguard people against a variety of financial risks (such as losing their income due to illness, old age, or unemployment).
The main purpose of social insurance as a kind of social welfare is to provide protection against the negative impacts of economic uncertainty. The government may provide the insurance, or private insurance firms may pay for it.
The loss of income due to illness, old age, or unemployment is one of the many financial hazards that social insurance, a type of obligatory public insurance, protects against.
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about what percentage of the variation in worker wages can be attributed to such measurable explanatory factors?
Such quantifiable explanatory variables can explain 50% of the variation in a worker's wage.
Less than 50% of pay dispersion, according to research by labor economists, can be accounted for by quantifiable causes. Years of experience, age, and race are a few of the quantifiable characteristics frequently employed.
Demand and supply come together to determine wages. Individual businesses operating in perfect competition take the wage in a given market for granted after it has been established. Each company faces a horizontal supply curve for workers at market wage since it is a price taker.
Due to variations in the demand and supply of employees for certain tasks or occupations, there are also salary discrepancies between occupations. These discrepancies generally result from variations in the level of education or training needed and in the value of the job in question.
Complete question:
Suppose that a labor economist performs a statistical analysis on economy-wide worker wages using standard, measurable explanatory factors, such as job characteristics, years of schooling, and so forth.
How much of the variation in worker wages can be accounted for by such measurable explanatory factors?
A - Somewhat more than 60%
B - Somewhat less than 50%
C - About 0%
D - Nearly 100%
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quzlet what is the name used to describe a resident of spain who travels to andorra to purchase clothing there, in order to take advantage of the lower vat, and then returns home the same day
An excursionist, the name used to describe a resident of Spain they travels to Andorra to purchase clothes.
What is an excursionist?A resident of one nation who visits another for a short while is known as an excursionist.
They don't stay a night away from home, the term is used to refer to a person in Andorra purchasing clothing there.
Therefore, who lives in Spain but travels to Andorra to buy clothes there to benefit from the cheaper taxes, then returns the same day to Spain.
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Use the following data from Mayonnaise Manufacturing Co. to identify the revenues from sales of finished goods for the year. Manufacturing Finished Goods Raw Materials Ovherhead WIP Inventory Inventory Cost of Goods Sold 10,000 125,000 5,000 80,000 120,000 150,000 150,000 130,000 130,000 150,000 30,000 30,000 45,000 60,000 35,000 110,000 20,000 130,000 O Cannot be determined from the information provided O $150,000 O $150,000 O $130,000 $25,000
The revenue, based on the given data from Mayonnaise Manufacturing Co. on the sales of finished goods, and other things, is A. cannot be determined from the information provided.
How to find revenue ?Revenue is the sum of money that a business receives in return for its products and services, or, in the other direction, the price that a client pays for a business's products or services. On the first line of the income statement, a company's revenue is typically reported as revenue, sales, net sales, or net revenue.
The simplest way to determine revenue is to multiply the total number of units sold by the selling price.
As the number of units sold is not given, and neither is the price, we cannot find the revenue to Mayonnaise Manufacturing Co.. If the gross profit and the cost of goods sold were also available, then revenue could be calculated but they are not either.
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which investment would generally be inappropriate for a 25 year old with a traditional ira invested for his/her retirement?
A substantial and permanent investment in money market mutual funds investment would generally be inappropriate for a 25-year-old with a traditional ira invested for his/her retirement.
An investment is an asset or item received with the aim of generating income or appreciation. Appreciation refers to growth within the fee of an asset through the years. whilst individual purchases a great as funding, the intent isn't always to eat the best however as an alternative to apply it inside the future to create wealth.
investing is an effective way to put your cash to work and doubtlessly build wealth. smart investing may additionally permit your money to outpace inflation and boom in cost. The greater increased ability to invest is primarily because of the strength of compounding and the danger-return tradeoff. funding is an asset that is received with the anticipation of generating a profit or profit or rate appreciation. The advantage derived from the funding is known as a return. chance and returns are without delay proportional (i.e.) the higher the risk, the better the returns.
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Why is economic growth bad for the environment?
The environmental impacts of the economic growth include increased consumption of non-renewable resources, higher levels of pollution, global warming, and the potential habitat loss.
The production and use of goods can deplete natural resources and cause pollution. In addition to the size of consumption that increases with income, the composition of what people consume changes, which may exacerbate or the offset their environmental footprint. Improving the quality of life is what drives the desire for economic growth. The increasing consumption of Earth's resources and its negative impact on the environment have led many to conclude that economic growth is unsustainable.
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a fixed asset is purchased at the beginning (january 1) of 2011. information relating to the asset is as follows: cost of acquisition $220,000 residual value estimated at the time of acquisition $20,000 residual value revised estimate on 1 january 2012 nil useful life estimated at the time of acquisition 20 years useful life revised estimate on 1 january 2013 16 years based on this information, the depreciation for 2013 will be equal to:
The depreciation of a fixed asset purchased at the beginning of 2011 for 2013 will be $11,875.
Depreciation allocates a tangible asset over its useful life. Depreciation estimates the reduction of a fixed asset's value within a fiscal year. Depreciation calculation starts in the first second year since the asset is place in service.
From the case, we know that:
Fixed asset original value = $220,000
Residual value = $20,000
Estimated useful life (2012) = 20 years
Revised estimated useful life (2013) = 16 years
Depreciation for 2013?
To find the depreciation for 2013, we have to know the annual depreciation after the estimated useful life is revised. Before that, we need to find the remaining fixed asset value after depreciation in 2012.
Remaining value of FA = Original value of FA - annual depreciation
To find the annual depreciation in 2012, we need to use the assumption of 20 years estimated useful life. We assume that the depreciation is working on straight-line method.
Annual depreciation = Original value - Residual value
Estimated useful life
Annual depreciation1 = ($220,000 - $20,000) / 20
Annual depreciatioin1 = $200,000 / 2
Annual depreciation1 = $10,000
FA depreciation in 2012 = $10,000
Remaining value of FA after depreciation in 2012 is:
Remaining value from 2012 = Original value - FA depreciation in 2012
Remaining value from 2012 = $220,000 - $10,000
Remaining value from 2012 = $210,000 = Original value 2013
The remaining value from 2012 will be taken as the original value in 2013. Hence, the depreciation for 2013 will be equal to:
Annual depreciation = Original value - Residual value
Estimated useful life
Annual depreciation = ($210,000 - $20,000) / 16
Annual depreciation = $11,875
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social media company needs money to expand, so it decides to issue stock. the first-time sale of the company's stock directly to the public is called a
When a social media firm needs funds to expand, it decides to sell stock. An initial public offering is the first time a company's shares are sold directly to the public (IPO). Hence, the correct answer is IPO.
What is an initial public offering?An initial public offering (IPO) or stock launch is a public sale in which a company's shares are offered to institutional and, in most cases, individual investors. One or more investment banks often underwrite an IPO, as well as arrange for the shares to be listed on one or more stock exchanges. A privately owned corporation becomes a public company through this procedure, referred to colloquially as floating or going public. Initial public offerings (IPOs) can be used to raise additional equity capital for firms, to monetize the assets of private shareholders such as company founders or private equity investors, and to make current holdings or future capital raising easier to trade by becoming publicly traded.
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What role is money playing when comparing a $5 price for a gallon of milk to a $4 price for a gallon of gasoline?
When comparing a $5 gallon of milk to a $4 gallon of gasoline, it’s important to consider the role that money plays in the decision-making process.
When it comes to a gallon of milk, the price of $5 is a representation of the cost of the product itself. Milk is a commodity that has an intrinsic value and a price point associated with it. When looking at the $4 gallon of gasoline, the price is more reflective of the cost of production, transportation, and taxes associated with the product. Gasoline’s price point is also affected by market forces and supply and demand.
If one is looking to purchase a gallon of milk, then the $5 price tag is the determining factor. However, if one is looking to purchase a gallon of gasoline, then the $4 price tag may be more attractive depending on the current market conditions.
Ultimately, when comparing a $5 gallon of milk to a $4 gallon of gasoline, money is playing an important role in the decision-making process. It’s important to consider the cost of the product itself and any other factors that may affect the price of the product. By doing so, one can make an educated decision based on the value of the product and the cost associated with it.
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list the five foundations in order. how can they help you make wise choices with your money?
The five foundation to use money are debt, savings, budgeting, taxes, and career.
Describe the purposes of money.Money serves several functions: it is a medium of exchange, a unit of account, a store of value, and a method of postponed payment. Money can be used as a unit of account since it serves as a medium of exchange for buying and selling as well as a value indicator for all commodities and services. This means that money can keep track of how the worth of goods changes over time and across several transactions. Money is a common medium of commerce or accounting unit. Because diverse commodities and services are measured in different units such as meters, litres, and grams, comparing them with a single unit is challenging. Money has provided a common yardstick for measuring all of these various quantities in a single denomination known as price.
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a group spends $277.50 to rent 15 tubes for a float down the ichetucknee river. how many of each type of tube does the group rent?
The cost of each tube is $18.5 when a group spends $277.50 to rent 15 tubes for a float down the ichetucknee river.
To find the cost of each tube, we may use the unit system. In unit system we divide the large value with small value to find the value of small object.
For example, if an individual purchase 50 chocolates in $100 then to find the cost of 1 toffee we can divide 100 by 50 and get the value of single toffee.
Total cost to rent 15 tubes = $277.50
Cost of 1 tube = $277.50/15
Cost of 1 tube = $18.5
The given question is incomplete, I answer the question in general as I did not find complete question anywhere.
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g which of the following is true of the market demand for a public good? a. the efficient quantity of a public good produced occurs where the marginal utility from the last dollar spent on the good is zero. b. the market demand curve for a public good is the sum of the quantities demanded by each consumer at a given income level. c. the market demand curve for a public good is the vertical sum of individual consumers' demand curves. d. the efficient quantity of a public good produced occurs where the market demand curve intersects the market supply curve. e. the market demand curve for a public good is the horizontal sum of individual consumers' demand curves.
The market demand curve for a public good is the vertical sum of individual consumers' demand curves is true of the market demand for a public good. Thus, option (c) is correct.
What is market demand?Market demand alludes to the number of buyers want your goods for a particular amount of time. Market demand is the sum of all individual price elasticity. Market demand refers to the amount of a good or service that customers in the existing market are willing to pay for.
According to the market demand curve for public goods, the marketplace demand curve for a common commodity is the vertically total of the market dynamics of existing clients. To calculate the marketplace demand curve, we must keep the price constant and add all individual quantities requested.
Therefore, option (c) is correct.
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when a firm sells its accounts receivable to raise short-term cash, it is engaging in a strategy called
When a firm sells its accounts receivable to raise short-term cash, it is engaging in a strategy called factoring.
What is factoring?Factoring refers to a financial transaction and a type of debtor finance in which a business sells its accounts receivable that is invoices to a third party which is called a factor at a discount. A business will sometimes factor in its receivable assets to meet its present and immediate cash needs. Forfaiting is a factoring arrangement used in international trade finance by exporters who wish to sell their receivables to a forfeiture.
Factoring is commonly referred to as accounts receivable factoring, invoice factoring, and sometimes accounts receivable financing.
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g a corporation issued 7,500 shares of $10 par value common stock in exchange for some land with a market value of $120,000. the entry to record this exchange is:
The journal entry is Debit: Cash $120,000
Credit: Common Stock $75,000
Credit: Land $45,000
Journal entries are records of financial transactions used to track a business’s income and expenses. They include the date, description, amount, and account affected by the transaction.
Journal entries record all transactions for a business. Transactions are broadly defined as any financial activity that impacts the business. They are not limited to the buying and selling of goods and services, but include any exchange of monetary value, such as interest payments, depreciation, expenses, or payroll.
Example 1:
Date: June 1, 2020
Description: Purchase of office supplies
Amount: $200
Account: Office Supplies
Example 2:
Date: June 2, 2020
Description: Payment of rent
Amount: $2,000
Account: Rent Expense
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in which sdlc step do all the elements and activities of the system come together to form a completed operational system? a. operations and maintenance b. conceptual design c. physical design d. systems analysis e. implementation and conversion
The system-development life cycle enables users to transform a newly-developed project into an operational one.
The System Development Life Cycle, "SDLC" for short, is a multistep, iterative process, structured in a methodical way. This process is used to model or provide a framework for technical and non-technical activities to deliver a quality system which meets or exceeds a business"s expectations or manage decision-making progression.
Traditionally, the systems-development life cycle consisted of five stages. That has now increased to seven phases. Increasing the number of steps helped systems analysts to define clearer actions to achieve specific goals.
The SDLC highlights different stages (phrases or steps) of the development process. The life cycle approach is used so users can see and understand what activities are involved within a given step. It is also used to let them know that at any time, steps can be repeated or a previous step can be reworked when needing to modify or improve the system.
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umpqua defines other financial institutions that perform banking services as their competitors. therefore they take a/an ___________ of its competition.
Umpqua defines other financial institutions that perform banking services as their competitors. therefore they take a/an competitor myopia point of view of its competition.
Companies who define their competition too narrowly and only recognize immediate and direct competitors suffer from "competitive myopia." It may result from a decline in peripheral vision or a failure to recognize less visible adversaries (those who are not on the radar screen but who nevertheless are present and dangerous).
the sector's organic development Only a small number of serious competitors will remain when the shakeout phase of the developing business is through and the majority of the original participants have left.
These people will only focus on themselves and neglect newcomers and players in specific niches until it is too late. the phenomena of clustering. Businesses congregate in one area due to the availability of resources (natural, labor and the like).
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Correct question:
FILL IN THE BLANK. Umpqua defines other financial institutions that perform banking services as their competitors. therefore they take a/an __ of its competition. market point of view strategic group point of view service point of view competitor myopia point of view industry point of view
which of the following appraisal methods will best help guard against recency error? a. critical incident b. forced-choice method c. graphic rating scales d. mixed-standard scale
Critical incident method will best help guard against recency error.
The critical incident technique, also known as CIT, is a set of steps used to gather firsthand accounts of human behavior that are of vital importance and satisfy meticulously specified requirements. The episodes that result from these observations are then recorded and used to build both general psychological concepts and practical problem-solving strategies.
A key episode is one that contributes to an activity or phenomena, either positively or negatively. Critical occurrences can be obtained in a number of different methods, but often respondents are invited to share a personal experience.
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over time, the amount of capacity that is devoted to firm customer orders does what in the master production schedule time fence?.
Time fence control is a rule or policy you set up to keep track of when different limitations or adjustments to operating processes occur. For instance, you can simply alter the master production schedule for a product with a cumulative lead time beyond that, with little impact on the material and capacity plans that are associated with it.
A rule or policy you establish called a "time fence control" keeps track of when various restrictions or modifications to running processes take place. For example, it would have minimal effect on the material and capacity plans connected with a product that has a cumulative lead time beyond that to simply change the master production schedule for that product. Time fences serve as divisions between several time frames within the planning horizon. They identify short-term regions where restrictions on planning prevent costly interruptions to supplier and shop floor schedules.
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what is the most important factor leading to rising health care costs in the united states since 1980?
The increased use of expensive medical technology is the most important factor leading to rising health care costs in the united states since 1980.
Why is medical technology so expensive?Due to the high expenditures of clinical trials, research and development, and market variables, medical equipment is quite expensive. A cutting-edge medical technology nearly typically costs more money.America's healthcare system has grown more complex. Each insurer has their own specifications. Because of this, hospitals must produce a wide range of documentation according to the patient's insurance company. They are unable to reduce expenses and standardise the procedure.The money needed to establish the infrastructure for a private medical college is the cause of the high fees.If you are unable to obtain a seat at the government medical college of India, it may be assumed that becoming a doctor in India might be quite expensive.Learn more about expensive medical technology refer to :
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