Customer surplus is $200.Customer surplus, also known as the market price or the price consumers actually pay for a good, is the discrepancy between the highest price a consumer is prepared to pay and the amount they really do pay.
The maximal consumer surplus, what is it?Consumer surplus is the difference between the highest product price customers are prepared to pay and the amount they actually end up paying. The formula for the consumer surplus is: Market price - Highest price consumers will pay for the goods.
Customer surplus, also known as the market price or the price consumers actually pay for a good, is the discrepancy between the highest price a consumer is prepared to pay and the amount they really do pay.
The following fundamental formula can be used to calculate consumer surplus:
Consumer surplus is calculated as Maximum Price - Actual Price.
Consumer surplus is equal to 1 x Qd x P.
Total revenue less total cost is producer surplus.
P = $600 - $400
= $200.
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The attractiveness of a country as a potential market should be assessed by balancing what three items associated with doing business in that country?.
The attractiveness of a country as a potential market should be assessed by balancing Benefits, Costs and Risks with doing business in that country.
A potential market is a segment of the population that you haven't yet reached and who are potential customers for your goods. A brand can draw in and acquire new demographics that aren't currently customers if it expands its product line.
The size of the potential market for a certain product at a given point in time. It stands for the maximum potential of the market for a certain good. Sales volume or sales value are frequently used to gauge market potential. For instance, the annual sales potential for ten-speed bicycles could be $5,000,000.
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if the demand for a product increases proportionately faster than the increase in consumers' incomes, then the income elasticity of demand for the product is group of answer choices greater than zero. less than zero. equal to 1. zero.
The income elasticity of demand for the product is greater than zero.
What is income elasticity?Income elasticity of demand is generally defined as the ratio of percentage change in quantity demanded by the consumer to the percentage change in the income.
If it's greater than zero or positive, then the goods can be classified under normal goods.
And if it less than zero or negative then the good classified under the inferior goods.
So from the question, it is clearly given that the demand for a product increases faster than the increase in consumer income.
So their income elasticity of demand will obviously be positive and good will classified under the normal goods.
and the answer is greater than zero.
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scanning products in a staging area to make sure that the right items were gathered for shipment is a form of what management tool?
Scanning products in a staging area to make sure that the right items were gathered for shipment is a form of poke yoga management tool.
Management is the administration of an agency, whether it's miles a business, a non-earnings agency, or a central authority frame. it is the artwork and technology of dealing with assets of the business.
The control definition is a single or group of people who challenges and oversees someone or collective organization of humans in efforts to accomplish preferred dreams and objectives. furthermore, the definition of control consists of the capacity to plan, prepare, display and direct people.
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social media represent a unique blending of technology and blank . multiple choice question. common beliefs social interaction marketing cultural ideals
Social media represents a unique blending of technology and social interaction. The correct answer would be option B.
The phrase 'social media' refers to a digital technology that makes it possible to share concepts, ideas and knowledge through online groups and networks. Social media is internet-based and allows users to share anything quickly, including movies, images, documents and personal information. Users interact with social media through web-based applications on a computer, tablet or smartphone. Asian nations like Indonesia top the list of social media users, despite the fact that social media is widely used in America and Europe.
Initiated as a tool to connect with friends and family, social media was eventually embraced by companies looking to reach out to customers through a well-liked new communication channel. The capacity to connect and share is what gives social media its power.
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Which Facets Model of Effects is a value that the customer assigns to something after receiving information from their senses?
Perception facets model effect is a value that the customer assigns to something after receiving information from their senses
The organization, identification, and interpretation of sensory information in order to represent and understand the presented information or environment is referred to as perception. All perception involves the transmission of signals through the nervous system, which results from physical or chemical stimulation of the sensory system.
The act or ability to perceive; mental grasp of objects, qualities, etc. through the senses; awareness; comprehension.
Facet model effect- The Facets Model of Effects examines the various aspects of a consumer's reaction to a brand message to determine which strategies will capture their attention.
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pam's pet palace is considering an investment in dog grooming equipment that would increase cash receipts by $12,000 annually. the initial cost of the equipment is $50,000. the equipment has an estimated 10 year life and will have a $5,000 salvage value. using a discount rate of 8%, and the tables in the appendix, what is the net present value of this equipment?
Net present value of this equipment is $32,835
How is net present value calculated and defined?The present value of all cash flows over the project's lifespan is used to calculate NPV. The investment's initial investment is then deducted from the present value of cash flows. The project will succeed if the difference is positive (greater than 0).
Is a greater NPV preferable?A higher NPV is preferable to a lower one when comparing investments that are comparable. Because the NPV is expressed as a dollar amount and is likely to be higher the more you invest or the longer the investment, the size of the NPV is less important when comparing investments of different amounts or over different time periods.
$80,520 ($12,000) minus $2,315 ($5,000) = $82,835 minus $50,000 = $32,835
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suppose a taxpayer owns an office building. under u.s. tax law, in what category would this property be classified?
If a taxpayer owns an office building under U.S. tax law then it would come under Trade or Business Property.
Taxation in the United States :
The United States of America has federal, state, and local governments, with taxes levied at each level. Income, payroll, property, sales, capital gains, dividends, imports, estates, and gifts are all taxed, as are various fees.
In 2020, federal, state, and local governments collected 25.5% of GDP, falling short of the OECD average of 33.5%. In 2020, the United States had the OECD's seventh-lowest tax revenue-to-GDP ratio, with a higher ratio than Mexico, Colombia, Chile,
Labor income is taxed far more heavily than capital income. Diverse taxes and subsidies for various types of income and spending can also be considered indirect taxation of some activities over others. Individual spending on higher education, for example, can be said to be "taxed" at a high rate when compared to other types of personal expenditure that are formally recognized as investments.
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harrison, the head of the design department, wants to share new logos with the marketing team in another city. which communication channel is best for harrison to use?
A webinar communication channel is best for Harrison to use.
Verbal exchange is all about getting records from one celebration to another. according to Merriam-Webster Dictionary, the conversation can be defined because the technique or act of replacing, expressing, or conveying information and thoughts thru writing, talking, and gesturing.
In our day-by-day lifestyles, communique allows us to build relationships by permitting us to percentage our experiences and needs and enables us to hook up with others. it's the essence of life, allowing us to express emotions, and bypass the records and percentage thoughts.
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If the average product of labor is seven units of output per worker per day, the total output of 15 workers will be ______________ units per day.
The average product of labor is seven units of output per worker per day. The total output of 15 workers will be 105 units per day. This is because the average product is multiplied by the number of workers.
What is unit?
The definition of a unit of measurement is a particular magnitude of a quantity which has been established and accepted by law or convention and used as a standard for measuring both these quantities of the same. A multiple of the unit of measurement can be used to express any other quantity of that type. A length, for instance, is a physical quantity. A unit of measure that represents a specific, predetermined length is the metre (symbol m). For instance, when "10 metres" (or 10 m) is mentioned, it refers to 10 times the fixed, predetermined length known as "metre." From ancient times to the present, the definition, agreement, and practical application of units of measurement have been crucial to human endeavour. It used to be quite common to see a wide variety of unit systems.
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the united auto workers is an example of a(n) union.craft industrial occupation and associational
The United Auto Workers is an example of an industrial union. It is based in Detroit, Michigan, and it represents workers in the United States, Canada, and Puerto Rico.
The United Automobile Workers (UAW), officially known as the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, also known as the United Automobile, Aircraft and Agricultural Implement Workers of America (1941–62) and the United Automobile Workers of America (1935–41), is a North American industrial union for workers in the automotive and other vehicular industries. The Committee for Industrial Organization (CIO) made attempts to organize workers in the automotive industry, which led to the formation of the United Automobile Workers. Representatives of the automotive industry refused to compromise up until the National Labor Relations Act (Wagner Act) was passed in 1935. In retaliation, the rank-and-file organizers of the union planned "sit-down" strikes that were similar to those that had been successful in France.
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latosha was excited to sit down with her manager and discuss the results of her performance evaluation because she wanted to know how she could improve her performance. however, when she found out the evaluation just compared her performance to the performance of her co-workers, she felt it was unfair. which criterion for an effective performance
The criterion for an effective performance measure that was ignored is acceptability.
What is meant by effective performance measure?The following characteristics of a successful performance measurement system should be present: It ought to be based on tasks that managers are in charge of or have influence on. It need to be quantifiable. It ought to be on time. Its application ought to be constant.
The most popular method of performance measurement is performance appraisals. An employee's job performance is evaluated through a regular, recurring procedure called a performance evaluation in reference to predetermined goals.
Latosha believed that her performance evaluation was unfair compared to that of her coworkers and was unable to accept the results. In order for her to accept the results of the evaluation, the manager must have been able to explain it to her in detail. Since this explanation is lacking, the effective performance measure's acceptability requirement is also absent.
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Question
Which criterion for an effective performance measure was ignored?
Multiple Choice fit with strategy reliability acceptability specific feedback validity
What was the first publicly traded u. S. Company to reach a $1 trillion market cap?.
apple became the first company to reach one trillion
when market leaders produce on a mass scale, new entrants: have a hard time competing. have lower switching costs. have higher switching costs. can easily compete.
The answer is (a). Market leaders who produce in large quantities make it difficult for new competitors to compete.
What is the role of a market leader?A market leader is a business with the biggest market share in a certain sector, which it frequently uses to influence the market's competitive environment and future course. The largest market share or the largest proportion of total sales are often held by a market leader.
Why can't tiny businesses compete with big ones?Small businesses are not price competitive. They are unable to successfully compete on pricing with their bigger competitors. As a result, in order to compete, they are compelled to distinguish themselves in other ways, such as through customer service or the caliber of the good or service. Their financial situation may become worse as a result.
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on december 1, watson enterprises signed a $25,000, 60-day, 6% note payable as replacement of an account payable with erikson company. what amount of interest expense is accrued at december 31 on the note? (use 360 days a year.)
The amount of interest expense accrued on December 31 on the note is $ 83.33.
The interest charge components, we get the interest fee, that's the percentage of the major amount, charged by using the lender or financial institution to the borrower for using its belongings or money for a specific term. The hobby charge method is interest price = (easy hobby × one hundred)/(important × Time).
Amount (A) is the whole money paid returned on the giving up of the time period for which it was borrowed. the entire amount formulation in the case of easy hobby can also be written as: A = P(1 + RT) right here, A = general amount after the given time period.
Interest is the charge you pay for borrowing cash from a lender. that means you won't simply pay again the money you borrowed. you may additionally pay a lower back an additional sum, that is the interest on the mortgage. creditors take distinct strategies to charge interest.
Interest expense accrued as on 31 December
= note payable amount × interest rate × 30/360
= $25000 × 4% × 30/360
= $ 83.33
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ronald rice, cfa, is the investment manager for a trust established for selma ross's mother. ross selected rice after interviewing several potential managers. from time to time, ross calls rice and asks him to purchase or sell shares in specific firms. rice routinely complies with these requests without determining suitability for the trust. by doing so, rice has most likely:
Since Rice routinely complies with these requests without determining suitability for the trust. by doing so, rice has most likely option C not violated the Code and Standards because he has followed the client’s request.
How code of ethics are violated?Other examples of ethical transgressions include the release of confidential information, bad working conditions, and prejudice. Even if they are unethical, situations like bribery, forgery, and theft often involve criminal conduct and are handled outside of the organization.
A code of ethics outlines the moral principles and best practices that an organization should adhere to in order to be honest, ethical, and professional. If an organization's members violate the code of ethics, there may be consequences, including firing.
Therefore, Infractions of the code could lead to legal and regulatory violations as well as, of course, harm to our reputation. For specific people, it might also entail disciplinary action or termination. Therefore, it is crucial that you understand and abide by the code.
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See options below
A violated the Standard concerning loyalty, prudence, and care.
B violated the Standard concerning independence and objectivity.
C not violated the Code and Standards because he has followed the client’s request.
How does the existence of the black market work against the intended purpose of rationing?.
The existence of the black market works against the intended purpose of rationing because it creates a way for people to get around the rationing system.
How does the existence of the black market work against the intended purpose of rationing?The existence of the black market makes it easier for people to get the items they want, even if they are not supposed to have them. This can cause problems because it can lead to people hoarding items, which can then lead to shortages.
The existence of the black market works against the intended purpose of rationing because it creates a way for people to get around the rationing system. This means that people who are able to access the black market are able to get more of the scarce resources than they would be able to get through the rationing system. This can lead to resentment and conflict among those who are unable to access the black market.
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Kevin opened a savings account with texas national bank. His account has an apr of 1. 75% compounded quarterly. If kevin opens his account with $2500, how long will it take for the account to earn $7500?.
If Kevin opens a savings account where he deposits an amount of $2,500 at an APR of 1.75% compounded interest with quarterly compounding, it will take him sixty-two years and 11 months to earn $7,500 in interest, i.e., the balance will be $10,000.
Using the generalized formula of compounded annuity, and given values, the computation for the same can be done as shown below,
Amount = Principal (1 + r/n)^n^t
10000 = 2500 (1+0.0175/n)^n^4
n = 62.11.
So, it will take 62.11 years for Kevin to earn $7,500.
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expenses that are incurred directly or entirely in connection with the sale of merchandise are classified as a.other expenses b.general expenses c.selling expenses d.administrative expenses
Expenses that are incurred directly or entirely in connection with the sale of merchandise are classified as selling expenses
What are selling expenses?
The expenditures incurred in distributing, marketing, and selling a good or service are referred to as selling expenses. Operating expenses are one of three categories of costs that make up a business. Administration and general expenses make up the other two. All sales-related expenses, whether fixed or variable and unrelated to the production process, must be added in order to compute selling expenses. Salary payments to sales personnel fall under the category of fixed expenses, whereas commission payments—which are determined by sales—are classified as variable expenses. Rent and utilities, sales and accountancy, marketing and advertising, and management and administrative wages are among them.
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CAREER (need help need to be %100 right)
Any activity that leaves you feeling weaker after you do it is a ___?
A) talents
B) strength
C) interest
D) weakness
Practicing and hard work builds your talents into ___?
A) strengths
B) weaknesses
C) motivation
D) passion
Answer:
D) weakness
A) strengths
Explanation:
firms in competitive industries: i. can only charge a price equal to the market price. ii. cannot charge any more than the market price. iii. will earn less profit if they charge less than the market price.
Firms in competitive industries:
i. can only charge a price equal to the market price.
ii. cannot charge any more than the market price.
iii. will earn less profit if they charge less than the market price.
What are competitive industries?
A competitive industry permits enterprises to enter and exit the market freely and has few entry barriers. For instance, given that anyone can choose to build a new pizza shop and that existing owners are free to close their doors whenever they like, the market for pizza restaurants in a particularly large city may be very competitive.
The topmost competitive industries in the US are:
electrician.
photoshop.
swimming pool.
hotel.
restaurant.
Toyota dealer.
Honda dealer.
pagoda.
Hence, the answer is all of the above mentioned options.
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What process checks technical issues during in prepress phase?
Some image files that Mark uploaded in the document are of incorrect resolution while some files are corrupt. These issues were checked by the _______ process.
Pre-flighting process checks technical issues during in prepress phase.
The required details about prepress phase is mentioned in below paragraph.
The processes and procedures that take place between the development of a print layout and the actual printing are referred to in the printing and publishing industries as pre-press. Making a printing plate, image carrier, or shape that is ready to be mounted on an offset printing press is a part of the pre-press method. After creating and sending the graphics file to print, the first stage of the prepress procedure starts. Pre-flighting is the process by which skilled and knowledgeable experts confirm that the file has all the components required for a successful print. Prepress responsibilities involve making printing plates, imposition, and proofing documents. Prepress is crucial since it ensures the accuracy and faultlessness of the final print result.
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which type of insurance pays the larger expenses of a serious injury or long illness, including those covered by the hospital, surgical, and physician expense policies?
Health insurance is a type of insurance that pays for a policyholder's medical and surgical costs. It either pays the care provider for the covered person directly or reimburses the costs incurred as a result of illness or injury.
What is health insurance?
A health insurance policy is a legal agreement between an insurer and the insured. The insurance company receives a premium from the policyholder in exchange for covering the insured's medical costs, including those for hospitalization, daycare, post-, and pre-hospitalization, etc.
In addition, access to high-quality medical facilities and hospitalization fees can be financially challenging due to the escalating cost of medical bills. Therefore, having health insurance for you and your family can give you the extra security you require in situations like these.
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what are three areas of a company's strategy that can be impacted by pressures for local responsiveness? choose all that apply.
Economies of scale, location economies, and learning effects are three areas of a company's strategy that can be impacted by pressures for local responsiveness.
What does a business strategy entail?
A company's overarching strategy is how it intends to run in accordance with its mission statement and accomplish both short- and long-term goals. There are several policies, methods, and procedures that make up this strategy.
Because it entails coordinating the operations of all the departments and divisions that make up the organization, a company's overall business strategy has numerous layers. While time-consuming, this type of strategic planning is necessary if each component of the firm is to complement the others.
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Wendell can sell five motor homes per week at a price of $22,000. If he lowers the price of motor homes to $20,000 per week he will sell six motor homes. What is the marginal revenue of the sixth motor home?.
At a cost of $22,000, Wendell may sell five motor homes each week. If he drops the price of motorhomes to $20,000 per week, he will sell six of them, with the sixth one earning a marginal revenue of $10,000.
Short-run analysis that simply takes into account incremental costs and income is done using the marginal analysis idea. The fixed expenses and non-incremental costs are disregarded in this study.
The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns.
Total revenue for all n units less total revenue for all n-1 units is the marginal revenue for the nth unit of output.
Revenue = (20000 * 6) - (22000 * 5)
Therefore, Marginal Revenue = 120,000 - 110,000 = 10,000
Hence, the sixth unit's marginal revenue is $10000.
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lean operating systems value idle stock and extra storage because it eliminates wait times to replenish stock. a. true b. false
lean operating systems value idle stock and extra storage because it eliminates wait times to replenish stock. This statement is false.
What is lean operating systems?
Following specific guidelines, a lean operating system maximizes value flow to the client while minimizing all types of loss. The operating system's value streams must all be independently and thoroughly optimized.
Doing more with less is the guiding idea behind the business strategy known as lean operations. It is a straightforward strategy for managing a company and enhancing daily operations. In other words, implementing lean operations is all about making your workflows a little more efficient, ala Marie Kondo.
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inc purchased a trademark for $450,000 on july 1, 2022. it is estimated that the trademark will be used for 10 years. how much should be charged to amortization expenses?
The amortization expense that must be charged is $45000
Intangible assets are considered fixed assets because they will generate benefits for the company for a long period of time. Examples of intangible assets include trademarks, goodwill, intellectual property right, etc.
It would not be appropriate to cost these assets as soon as they are purchased because they will benefit the company for many years to come. Instead, when purchased, intangible assets are capitalized and shown as non-current assets on the balance sheet. Costs are distributed among these assets over the course of their useful lives in order to comply with the matching principle.
The calculation for amortization expense is shown below.
[tex]Amortization \ expense \ = \ \dfrac{Purchase \ price}{Useful \ life} \\ Amortization \ expense \ = \ \dfrac{\$450,000}{10 \ years} \\ Amortization \ expense \ = \ \$45,000[/tex]
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true or false: a systems integrator is a company that specializes in installing and supporting information systems.
A systems integrator is a company that specializes in installing and supporting information systems is a true statement.
What is Information?Information is a general term for everything with the capacity to inform. Information is most fundamentally concerned with the interpretation of what may be sensed.
A systems integrator is a person or business that specializes in system integration, which is the discipline of combining component subsystems into a whole and ensuring that those subsystems work together. They also address issues with automation.
Therefore, The statement is true. A systems integrator is a company that specializes in installing and supporting information systems.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
What is an advantage of magazine advertising?
A.
The ads stay with the reader for a longer time as compared to a newspaper.
B.
It is published on a daily basis, unlike TV.
C.
It appeals to the masses, unlike social media.
D.
is a cheaper medium of advertising as compared to most other forms.
Answer:
i think it is A
Explanation: It is much more memorable then digital advertising
What is the ""yield %"" which sometimes appears in stock listings? a. the % that the stock price has changed from the previous day. b. the % of the shares of stock owned by the largest shareholder. c. the % of shares of the stock owned by the board of directors. d. the % of the stock price offered as a dividend. please select the best answer from the choices provided a b c d
The proportion of the stock price that is given as a dividend.
Dividends are the regular payments made to shareholders from a company's profits.
The dividends are not known in advance and are linked to the company's profits.
The profit on the stock price is the yield.
A dividend is when a company gives its shareholders a portion of its profits.At the point when a company procures a benefit or excess, paying a piece of the benefit as a profit to shareholders is capable.Retained earnings are used to reinvest in the business any money that is not distributed.
How are dividends earned?
A company's regular profit-sharing payments to its investors are called dividends.The price per share as well as the timing and frequency of dividend payments are decided by a company's board of directors.During times when inflation is high, dividend stocks can provide a steady stream of income.
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