The main characteristics of a pure monopoly are a single seller, no close substitutes, a price maker, blocked entry, and non-price competition.
What are the prices and examples?A price is the amount of money that is (often not adversely) exchanged from one party to the other in exchange for their goods or services. The cost of manufacturing may go by another name in some situations.
What is an example of a basic price?The basic price is the amount that the relevant sources from the buyer for each unit of a thing or services delivered as output, less any taxes that are due and any subsidies that the producer is eligible to as a result of the good or service's production or sale. Any transportation fees that the producer separately invoiced are not included.
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a benefit that comes from something that could be quantified in monetary terms is known as what kind of incentive?
A benefit that comes from something that could be quantified in monetary terms is known as financial kind of incentive.
What is financial incentive?
A financial incentive provided to promote behaviour or behaviours that would not otherwise occur. Financial rewards encourage behaviour that might not otherwise take place without them. It serves as a tool for the State's policymaking. Financial incentives drive workers and make them aware of what they stand to gain or lose depending on their performance when they are effectively conveyed.
Why is monetary incentive crucial?
People frequently change professions for financial reasons, thus offering financial incentives might aid businesses in keeping their best workers. These initiatives can help improve accountability and the perception of compensation disparities as being fair.
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some people argue that unpaid internships should be illegal. in what ways is an unpaid internship part of a poverty trap?
High-quality unpaid internships can pave the way for eventual, higher-paying employment. People without finances frequently find it difficult to take an unpaid internship.
A college grad who participated in an internship increases their lifetime likelihood of working by double. There is no denying an internship's significant impact. The issue is that only one-third of American college graduates reach this benchmark, and there is still a significant equity gap when it comes to internship experiences. Although there are several causes for this, the fundamental problem is the acceptance of unpaid internships as a standard practice. They need to be eliminated right away.
Unpaid internships exacerbate racial and economic gaps around one of the most crucial experiences for a student's growth and preparedness for the workforce. Furthermore, the practice should no longer be accepted or permitted by any student, institution, or business. It is incumbent upon us all to put an end to behaviors that exacerbate issues like racism and the widening socioeconomic gap that the nation is experiencing. Various initiatives to expand apprenticeship possibilities, provide free community college, and eliminate degree requirements for professions are picking up steam in the name of enhancing diversity talent pipelines and work-readiness. The elimination of unpaid internships should be one of our top priority in public policy.
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a company's plans to safeguard company assets and enhance the reliability and accuracy of accounting information are referred to as
Companies adhere to internal control rules to protect their assets and improve the integrity and dependability of their accounting records.
Internal control is a procedure for ensuring that an organization's objectives in operational effectiveness and efficiency, accurate financial reporting, and compliance with laws, rules, and policies are met, according to the definitions of accounting and auditing. Internal control is a comprehensive notion that encompasses all aspects of risk management for a company. It is a method for managing, tracking, and evaluating an organization's resources. At the organisational level, internal control objectives relate to the accuracy of financial reporting, prompt feedback on the accomplishment of operational or strategic goals, and compliance with laws and regulations. It plays a significant role in identifying and preventing fraud and protecting the organization's resources, both tangible and intangible. Internal controls at the transactional level refer to the steps taken to accomplish a certain goal.
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this was a federally sponsored corporation which insures deposits in national banks and certain other qualifying financial institutions up to a stated amount.
This was a federally backed business that offers deposit protection for deposits placed with national banks and particular other financial institutions up to a predetermined limit. Boost the reputation of the Federal Deposit Insurance Corporation (FDIC).
Describe the FDIC.A national bank in the US is a commercial bank that has been granted a charter by the US Treasury. Ethnic banks, sometimes known as "principal banks," are dependent on the global governments themselves on a global scale. National banks acknowledge that their local Federal Reserve Bank may make ordinary transactions easier.
Banks, trust associations, security guests, share-of-profit companies, and investment dealers are only a few of the financial institutions that enclose a wide range of business operations inside the fiscal aids subdivision. Financial institutions can vary in terms of their size, viewpoint, and location.
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Are multinational companies the same as transnational companies?
Multinational companies the and transnational companies are same in a broader perspective but have some differences too.
Multinational corporation coordinates its global operations from a centralised office and owns assets and facilities in one or more nations aside from its own. Thus, decisions have an impact on all subsidiaries worldwide. Transnational corporations without a centralised management system that operate in nations other than their own. Thus, decisions are made in accordance with the operational zone.
Both operate internationally and have overseas affiliates, both provide local services and produce locally, which has an impact on employment, living standards, and household incomes. In Operations, a transnational does not have subsidiaries in other nations, whereas multinationals do.
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what drp category would a business function fall under if an organization could last without that function for up to 30 days before the business was severely impacted?
DRP category of Necessary for normal processing would fall under if an organization could last without that function for up to 30 days before the business was severely impacted.
What is DRP?
Following a natural or man-made disaster, like a storm or battle, disaster recovery is the process of preserving or reestablishing crucial infrastructure and processes. It uses rules, resources, and methods. Making preparations to ensure the prompt restoration of information technology assets and services in the event of a disaster like a fire, flood, or hardware malfunction. A DRP's goal is to make sure that an organization is prepared to respond to a disaster or other event that affects information systems while minimizing the impact on daily operations. A disaster recovery plan (DRP) is a written, organized strategy that outlines how a company can quickly restart operations following an unanticipated occurrence. A business continuity plan must include a DRP (BCP).
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knowledge check 01 on january 1, year 1, canseco plumbing fixtures purchased equipment for $52,000. residual value at the end of an estimated four-year service life is expected to be $4,000. the company uses the straight-line method. for how much would each item below be reported at the end of year 3?
Each of the items below would be required to report $ 16,000 at the end of year three because the predicted residual value after a four-year service life is $4,000 per item.
Salvage minus cost is equal to 48,000 minus 52,000.
4 years is the estimated usable life. Dep. per year in a straight line Dep. per year = cost - estimated useful life / salvage, which equals 48,000 / 12,000 annually.
Three years later,
1: 12,000 in depreciation costs
2: Accumulated depreciation is 12,000 times three, or 36,000.
3: BOOK VALUE is calculated as the purchase price minus the outstanding debt, which is 52,000 – 36,000 or $16,000.
The estimated value of a fixed asset at the end of its lease term or usable life is the residual value, commonly referred to as salvage value. In lease agreements, the residual value is one of the lessor's main methodologies for calculating the lessee's periodic lease payments. A common guideline is that an asset's residual value decreases as its usable life or lease period lengthens.
Industry-specific residual value calculations vary, but their fundamental meaning is always the same. In capital budgeting projects, residual values represent the price at which an asset can be sold after the company has stopped using it or when it is no longer possible to estimate the asset's future cash flows.
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do neoliberal theorists believe that markets without state interference lead to the best economic outcomes.
Neoliberalism involves the belief that greater economic freedom leads to greater economic and social progress for individuals.
The policies of neoliberalism regularly support financial somberness, liberation, free trade, privatization, and a decrease in government spending.
Neoliberalism is often connected with the economic policies of Margaret Thatcher in the Assembled Kingdom and Ronald Reagan in the US.
There are numerous reactions of neoliberalism, including its likely risk to democracy, laborers' freedoms, and sovereign countries' on the right track to self-determination.
It's likewise been blamed for giving organizations a lot of force and worsening economic inequality.
Nonetheless, neoliberal initiatives concerning free trade, industry liberation, income expense and capital gains tax reductions all had bipartisan help.
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marketing activities amount to about one-half of every dollar that consumers spend. t or f
It is accurate to claim that marketing expenditures account for around half of every dollar that customers spend.
In marketing, what does the pricing mean?Price is defined as the value assigned to a service or product and is the outcome of a challenging set of computations, research, and risk-taking skills. A pricing strategy considers factors such as market conditions, consumer willingness to pay, competition activity, trade margins, and input prices, among others.
Which four categories of pricing are there?What are the four main pricing approaches? Based on the business and industry model in issue, value-based, competition-based, price, and price optimization are all models that are widely utilized.
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In the Breakthrough Energy Catalyst video case, investments are being made to develop technologies to convert biological inputs, including municipal waste, into what product?
Question 3 options:
Sustainable Aviation Fuel
Green Hydrogen
Direct Air Capture
Long-duration Energy Storage
In the Breakthrough Energy Catalyst video case, funds are being invested in the creation of technology that will enable the generation of sustainable aviation fuel from biological sources, such as city trash. The right response in this case is option A.
The conversion of municipal garbage and other biological inputs into replacement jet fuel makes it a sustainable aviation fuel that contributes to environmental cleanliness. In order to power airplanes, replacement jet fuel is also needed.
The Breakthrough Energy Catalyst video case study shows how funds are being used to develop technologies that transform biological inputs like municipal waste into ecologically beneficial aviation fuel.
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with respect to expanding opportunities for ict environmental contributions, what term is associated with the issues such as leed certified buildings, smart motors, and industrial robots?
With respect to expanding opportunities for ict environmental contributions, Automation is associated with the issues such as leed certified buildings, smart motors, and industrial robots.
What is automation?By predetermining decision criteria, subprocess linkages, and related actions as well as encoding those predeterminations in machines, automation refers to a broad range of technologies that minimize human interaction in processes.
Automation refers to technological applications where the amount of human input is reduced. This encompasses personal applications including home automation, business process automation (BPA), and IT automation.
Automation can be found in a variety of applications in our daily lives, from the most basic to the most complicated.
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Answer:
Automation
Explanation:
What are the 3 types of savings?
The deposit account, the money market account, and the certificate of deposit are the three types of savings.
For short-term objectives and emergency finances, deposit account work best.If you require greater freedom, money market accounts are the ideal choice.The greatest place to keep money you won't need soon is in a CD (Certificate of Deposit)Certificate of Deposit demands that you deposit a set sum of money over a set period of time. For the entire time, you receive a set interest rate. The advantage of this is that your rate won't change even if interest rates are reduced at the federal level.
Generally speaking, interest rates rise with term length. Once the CD is opened, additional money cannot be added.
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consider monopoly, monopolistic competition, and perfect competition. in which of these three market structures does a profit-maximizing firm experience zero economic profit? a. perfect competition only b. perfect competition and monopolistic competition only c. perfect competition, monopolistic competition, and monopoly d. the answer cannot be determined without knowing whether the market is in the long run or short run.
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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abc corporation has three service departments with the following costs and activity base: service department cost activity base for allocation graphics production $200,000 number of copies made accounting 500,000 number of invoices processed personnel 400,000 number of employees abc has three operating divisions, micro, macro and super. their revenue, cost and activity information is as follows: micro macro super direct revenues $700,000 $850,000 $650,000 direct operating expenses $50,000 $70,000 $100,000 number of copies made 20,000 30,000 50,000 number of invoices processed 700 800 500 number of employees 130 145 125 what is the service department charge rate for the accounting department? a.$714 b.$625 c.$0.004 d.$250
The accounting department will be charged $250 by the service department. Thus the correct answer would be (d) $250.
A technique for calculating and allocating overhead costs based on specific activities is known as "activity-based costing." The price of the product includes the allocation of overhead expenses.
The activity-based costing formula is the cost pool total divided by the cost driver, which yields the cost driver rate..
The amount of overhead and indirect costs associated with a specific activity are determined using the cost driver rate in activity-based costing.
Here is the Activity-based costing calculation:
List all the steps needed to produce the product.Create cost pools for the activities that include the particular costs associated with each activity (such as manufacturing). The total cost of each cost pool should be determined.Assign cost drivers for each activity in the cost pool, such as hours or units.To get the cost driver rate, divide each cost pool's overall overhead by all of the cost drivers.Divide each cost pool's overall overhead by all of the cost drivers to obtain the cost driver rate.Add the number of cost drivers to the cost driver rate.Performing these steps we got our answer as $250.
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thailand and malaysia are trading partners. if the price level in thailand decreases relative to the price level in malaysia, what will happen to thailand’s exports to malaysia and thailand’s aggregate demand?
Thailand's exports rise together with the country's overall demand. A drop in price level has little impact on aggregate supply over the long term.
Long-term adjustments to prices and wages maintain real values, such as real production and the real wage, constant.
Domestic spending will grow when domestic items become more affordable relative to imported ones at a lower price level. Correct.
As productivity rises or the cost of essential inputs decreases, the aggregate supply curve moves to the right, allowing for a combination of lower inflation, more production, and reduced unemployment.
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you purchased 250 shares of a particular stock at the beginning of the year at a price of $76.13. the stock paid a dividend of $1.35 per share, and the stock price at the end of the year was $82.64. what was your dollar return on this investment? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) dollar return $
After calculating the dollar return on your investment, the dollar return on this investment is $1,965.00.
To calculate the dollar return on your investment, you need to consider both the capital gain (or loss) and the dividends received.
Calculate the capital gain (or loss) per share:
Capital Gain per Share = End of Year Stock Price - Beginning of Year Stock Price
Capital Gain per Share = $82.64 - $76.13 = $6.51
Calculate the total capital gain for all shares:
Total Capital Gain = Capital Gain per Share × Number of Shares
Total Capital Gain = $6.51 × 250 = $1,627.50
Calculate the dividends received:
Dividends Received = Dividend per Share × Number of Shares
Dividends Received = $1.35 × 250 = $337.50
Calculate the dollar return on the investment:
Dollar Return = Total Capital Gain + Dividends Received
Dollar Return = $1,627.50 + $337.50 = $1,965.00
Therefore, the dollar return on this investment is $1,965.00.
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in a business process, a role refers to . group of answer choices the movement of data a collection of data a physical repository a collection of activities
A role in a business process denotes a group of tasks.
A business process, business method, or business function is a collection of related, structured actions or tasks carried out by either humans or machines in a predetermined sequence to provide a service or a product for a particular customer or customers. There are business processes that customers may or may not be able to perceive at all organisational levels. A flowchart of an ordered series of stages with intermediate decision points or a process matrix of an ordered series of steps with relevance criteria based on process data are two common visual representations of business processes. Utilizing business procedures can improve client satisfaction and your capacity to react rapidly to shifting market circumstances.
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the difference between accounting profit and economic profit relates to group of answer choices the manner in which revenues are defined. how marginal revenue is calculated. the manner in which costs are defined. the price of the good in the market.
The difference between accounting profit and economic profit relates to d) the manner in which costs are defined.
An alternate use of a company's resources is taken into account while manufacturing goods and services to determine economic profit. It includes opportunity expenses incurred over that time and deducts explicit expenditures from revenue.
Implicit costs, which are often the costs of a company's resources, are also part of the equation. Earned profit, net income, and bottom line are further terms for accounting profit.
Accounting profit, as opposed to economic profit, is disclosed on an organization's income statement. According to generally accepted accounting standards, it is the amount left over from total revenue or total sales after certain costs and expenses have been deducted (GAAP).
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when cory is given a logic problem to solve, he systematically tries every possible solution until he finds the correct answer. cory’s strategy is to use
Cory can use an algorithm technique to solve a logical problem by repeatedly attempting all potential solutions until he discovers the correct one.
Describe an algorithm.
An algorithm is a planned procedure used to complete a task or maintain a record. When used in software or hardware routines, algorithms function similarly to a set of instructions that carry out certain tasks in the correct sequence.
As a result, the aforementioned response is the right one. In other words, this is the only approach that can be utilized to solve a logic puzzle, and before the correct solution is discovered, all other options are explored.
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payroll taxes are 6.2%, and medicare taxes are 2.9%. if your employer owes you $665, approximately how much will you get after these deductions? $604.49 $60.52 $41.23 $19.29
After deducting tax, the total money in hand is $604.49.
What is a payroll tax deduction?Payroll deductions are wages withdrawn from an employee's total earnings to pay taxes, garnishments, and benefits such as health insurance. These withholdings indicate the difference between gross and net pay and may include the following: Income taxation social security tax Standard payroll deductions are those required by law. Among these are federal income taxes, Social Security, Medicare, state income taxes, and court-ordered garnishments.
Given
Amount owed by employee before tax deduction = $665
Payroll tax = $665×6.2%
= $41.23
Medicare tax = $665×2.9%
= $19.285
After deducting taxes the amount owed by the employee,
=$665 - ($41.23 + $19.285)
=$665 - $60.515
=$604.485
=$604.49
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in the simple deposit expansion model, if the required reserve ratio is 10 percent and the fed increases reserves by $100, checkable deposits can potentially expand by
In the simple deposit expansion model, if the required reserve ratio is 10 percent and the fed increases reserves by $100, checkable deposits can potentially expand by $1,000.
What is reserve ratio?
Simply dividing the amount of money, a bank must keep in reserve by the amount of money it has on deposit yields the required reserve ratio.
The amount of reservable liabilities that commercial banks must keep onto rather than lend out or invest is known as the reserve ratio. The central bank of the nation, in this case the Federal Reserve in the United States, sets this criterion.
What occurs when there are no reserves required?
The Fed will enhance excess reserves and, as a result, the pool of liquid assets eligible to meet supervisory requirements and expectations, dollar for dollar, by lowering reserve requirements.
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vasilli sells used cars which he buys from rental agencies. the agencies usually require part of the payment upfront or proof that payment will be made on delivery. because vasilli has been in business for many years, and has used the same bank for his business for the entire time he has been in business, he works out an agreement with his banker that the bank will advance him funds for a short term at prime interest rate plus one percent without collateral because he has a good credit rating. what kind of transaction did vasilli enter into with the bank?
Vasilli transacted with the bank on an unsecured bank loan.
What kind of short-term loans do businesses sell?
Commercial paper is the name for unsecured, short-term debt issued by corporations. This technique is widely used to fund short-term commitments like as payroll, accounts payable, and inventories. Short-term term loans, intermediate-term term loans, and long-term term loans are the three categories into which term loans can be categorized.
What kind of loan is most typical?For many borrowers today, conventional loans are the most prevalent type of mortgage. They provide reasonable rates, a variety of options for down payments, and flexible terms. Since many conventional loans meet the requirements set by Fannie Mae and Freddie Mac, they are referred to as "conforming loans."
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The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.a. Trueb. False
Human capital is the sum of an individual's talents, knowledge, or other intangible assets that can be used to generate economic value for the individual, their employer, or their community.
Human capital is the knowledge, skills, and health they invest in and accumulate throughout the course of their lives.
An economy's human capital can help it grow. Improvements in participation rates, social well-being, and productivity result from increases in human capital in areas like research, education, and management, all of which support economic growth.
The expansion of human capital boosts output levels and encourages economic growth by raising GDP. Knowledgeable and competent workers can make better use of available resources.
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benefits packages are more complex than pay structures, which makes it more difficult for employees to appreciate the benefits offered. group startstrue or false
The benefits packages offered by employers are more complex than pay structures and so employees find it hard to appreciate the benefits so this statement is True.
How do benefits compare to pay structures ?Benefits are often offered as an additional way to get employees to become more motivated in their work. They are therefore an added item to pay structures.
However, they are more complicated than pay structures and depend on several things which makes them quite difficult to appreciate to employees who might simply prefer they are paid cash.
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Answer: The answer is True
Explanation:
pert is a network analysis technique used to estimate project duration when there is a high degree of uncertainty about the individual activity duration estimates. group of answer choices true false
The statement is True: Program Evaluation and Review Technique (PERT)is a network analysis technique used to estimate project duration when there is a high degree of uncertainty about the individual activity duration estimates.
Using the Program Evaluation and Review Technique (PERT), it is possible to identify a different Critical Path Method by looking at the tasks in a schedule (CPM). To calculate the bare minimum time needed to finish a project, it examines the length of time needed to finish each task and the dependencies that go along with it. It predicts how long each action will likely take, how long it will probably take, and how long it might take if it takes longer than anticipated. On the Polaris nuclear submarine project, the US Navy created the approach in 1957 to assess the time and resources needed to run a project.
Program Evaluation and Review Technique Analysis provides Program Managers and project staff with information on the project's tasks and an anticipated time estimate for each activity. A Program Manager will be able to estimate the lowest amount of time needed to accomplish the full project by using this information. This aids in the development of more accurate cost and schedule estimates.
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when the price ceiling applies in this market and the supply curve for gasoline shifts from s1 to s2,
In this market, the price cap is in effect, and the supply curve for gasoline changes from s1 to s2. When P2 becomes the new market price, there will be a shortage.
Which supply curve for gasoline switches from S1 to S2 when the price ceiling is in effect in this market?Gasoline will be in limited supply at the new market price of P2 when the price ceiling takes effect in this market and the supply curve moves from S1 to S2. produce a labor shortage, increase unemployment, and have a significant impact on the teenage labor market. Think about Figure 6-21.
What transpires when the price ceiling rises?When an effective price ceiling is established, excess demand and a lack of supply are brought about because producers are hesitant to sell at a lower price and customers want more affordable goods. Deadweight loss is consequently produced.
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given that the mpc is higher, how much more consumption occurs in the first four cycles when the mpc is 0.80 compared to when the mpc is 0.75?
If the initial investment is $100, then the additional consumption in the first four cycles when the MPC is 0.80 compared to when the MPC is 0.75 is $5.
When the MPC is 0.80, the amount of consumption in the first four cycles will be higher than when the MPC is 0.75.
To calculate how much more consumption occurs in the first four cycles when the MPC is 0.80 compared to when the MPC is 0.75, we can use the following formula:
Change in Consumption = MPC × Initial Investment
In this case, the change in consumption is 0.05 (0.80 - 0.75). The initial investment is the same in both cases. Therefore, the additional consumption in the first four cycles when the MPC is 0.80 compared to when the MPC is 0.75 is 0.05 × the initial investment.
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the newspaper headline in december, 2019, that the fed took no action on the federal funds rate indicates that select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a there appears to be no or little risk of inflation. b the risk of inflation is high. c the unemployment rate has fallen even farther. d the unemployment rate has risen.
The Fed's dual mandate's two components are beginning to square off against one another. Maintaining low inflation and ensuring the greatest number of Americans are employed are the Federal Reserve's two primary responsibilities. The Fed has a "dual mandate," as a result.
What course of action is the Federal Reserve most likely to pursue if it fears rising inflation as a result of the exceptionally rapid economic expansion?By increasing interest rates to lower demand for goods, services, and labor, the Federal Reserve has responded to rising inflation. If interest rates are raised sufficiently, output and employment will decline, price and money wage fluctuations will be more gradual, and finally core price inflation will decline.
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what is the share of income received by the fifth quintile of the income distribution of paddy's cousins? round your answer to the nearest tenth.
The fifth quintile of Paddy's cousins' income distribution's share of income is 37.9%; and that is less than what the highest quintile of the US income distribution received in 2005 as a percentage of total income.
A Quintile is 1/5 or 20% of a whole population and should not be mistaken for a Quartile which is 1/4th or 25% of a population.
The lowest quintile is the first quintile of 1/5 and the highest quintile is the fifth quintile or 5/5.
Calculating the Quintile is a necessary step in this question, followed by calculating the percentage of total income that the highest or fifth quintile represents, and finally comparing those results to information on the highest quintile of the US income distribution in 2005.
Step 1: Group into 5 and order from lowest to highest.
[tex]8,000, 14,000, 22,000-[/tex] First Quintile
[tex]26,000, 38,000, 46,000 -[/tex] Second Quintile
[tex]52,000, 54,000, 62,000 -[/tex] Third Quintile
[tex]80,000, 92,000 96,000 -[/tex] Fourth Quintile
[tex]110,000, 118,000, 132,000 -[/tex]5th Quintile
Step 2: Calculate the 5th Quintile's total and divide it by the sum of Paddy's relatives' 15 earnings.
5th Quintile[tex]= 110000+118000+132000=[/tex]$360,000
[tex]8000+14000+22000+26000+38000+46000+80000+54000+62000+80000+92000+96000+110000+118000+132000=[/tex] $950,000
5th Quintile Percentage of Income for Paddy's Cousins= 360,000/950,000= 37.9%
Step 3:Look into the percentage of the United States' overall income that the 5th Quintile received in 2005.
Principles of Economics, Chapter 14 on Poverty and Economic Inequality, among other publications, conducted the survey and has already classified the Income of the United States from 1967-2015 into Five Quintiles, despite the fact that it is fairly difficult to obtain the total income for the US in 2005.
The 5th Quintile accounts for 50.4% of the overall income according to this study, which has also been estimated.
Therefore,
Paddy's Cousins' 5th Quintile Income Proportion= 37.9%
In 2005, the United States' 5th Quintile Income Proportion was recorded = 50.4%
The highest quintile of Paddy's Cousins' share of income is less than the highest quintile of the U.S. income distribution in 2005.
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Deep Earth Extraction, Inc., operates a facility near Estuary Bay. Discharging waste from the facility into the bay can result in
a. penalties and damages.
b. penalties only.
c. damages only.
d. none of the choices.
Deep Earth Extraction, Inc. has a plant at Estuary Bay. Waste discharged from the plant into the water may result in penalties and damages. Thus, option A is correct.
What are the penalties and damages?Penalty is a sanction applied in the form of punishment for the parties' violation, whereas damages are an agreed sum of money that the parties agree to pay in the case of breach.
Penalties are not appropriate recompense, although damages are. Damages are a punishment if the amount established is irrespective of the actual loss, and is given to deter the other party from breaching the contract.
Therefore, Penalties and damages may be imposed if waste from the facility is dumped into the water. As a result, option A is right.
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