A firm is operating in a perfectly competitive market in the short run. The price of labor is 12 and the price of capital is 24. The short-run production function of the firm is F(L) = 4L · L3 The firm's shut-down price in the short run equals a 6 b 4 c 2 d 3
Answers
To find the minimum of AVC, we take the derivative of AVC with respect to labor (L) and set it equal to zero:
d(AVC) / dL = 0
To determine the firm's shut-down price in the short run, we need to compare the price (P) with the minimum average variable cost (AVC) of production.
The average variable cost (AVC) is calculated by dividing the total variable cost (TVC) by the quantity of output (Q).
In this case, the firm's short-run production function is given as F(L) = 4L · L^3, where L represents the amount of labor used.
The total variable cost (TVC) can be calculated as the product of the price of labor (PL) and the amount of labor used (L):
TVC = PL * L
The average variable cost (AVC) is calculated by dividing the total variable cost (TVC) by the quantity of output (Q):
AVC = TVC / Q
In the short run, the quantity of output (Q) is determined by the given production function, F(L) = 4L · L^3.
To find the shut-down price, we need to determine the level of output (Q) at which the average variable cost (AVC) is at a minimum. When AVC is at its minimum, it indicates that the firm should shut down if the price is below this minimum average variable cost.
To find the minimum of AVC, we take the derivative of AVC with respect to labor (L) and set it equal to zero:
d(AVC) / dL = 0
Let's calculate the shut-down price using these steps.
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Related Questions
A job analysis does not collect information about: O Work activities and tasks associated with a job O The working conditions associated with a job O The tools and equipment used on the job O The typical salary for a job job specification. Complete the following table by identifying whether each example belongs in a job description or a Job Descriptor or Specification? Example Skills Required Knowledge of principles of employee selection and assignment Ability to express ideas cleafly both orally and in writing Ability to independently plan and organize one's own activities Knowledge of human resources computer applications desirable Job specification Job description Duties Prepares recruitment literature and job advertisements for applicant placement Reviews résumés to identify qualified applicants Conducts interviews to determine applicant's suitability for employment Job specification
Answers
A job analysis collects information about work activities and tasks associated with a job, the working conditions associated with a job, and the tools and equipment used on the job.
However, it does not collect information about the typical salary for a job. In the table, the examples can be classified as follows:
Job Specification:
- Skills required
- Knowledge of principles of employee selection and assignment
- Ability to express ideas clearly both orally and in writing
- Ability to independently plan and organize one's own activities
- Knowledge of human resources computer applications desirable
Job Description:
- Duties
- Prepares recruitment literature and job advertisements for applicant placement
- Reviews résumés to identify qualified applicants
- Conducts interviews to determine applicant's suitability for employment
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mason is part of the union negotiating team. he is gathering information about accident records, employee performance reports, absenteeism and transfers. what step of collective bargaining is he performing?
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The process by which management and union representatives negotiate the employment conditions for a bargaining unit for a designated period of time. The parties have a mutual obligation to bargain in good faith in an effort to reach an agreement with respect to wages, hours, and working conditions.
management consists of the activities of setting the strategy of an organization and coordinating the efforts of its personnel (or of volunteers) to accomplish its objectives via the application of to-be-had sources, inclusive of financial, herbal, technological, and human sources. "Run the enterprise"[1] and "exchange the enterprise" are two principles that might be utilized in management to distinguish between the continued shipping of products or services and adapting of goods or services to meet the converting needs of customers - see fashion. The term "control" can also talk over the individuals who manipulate a corporation—managers.
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Why is it so hard to find essentials during times of crisis?
Answers
Answer:
because they are in high demand because so many other people want them
Select a single stock issue, then perform each of the ratio valuations, covered in the lesson. Compare the information and make a recommendation on the value of the stock, and whether it is a good investment. Your submission must list the name of the stock, the data. The information was obtained, the source from which the information was drawn, and a list of each of the ratio models, showing the results. Also, prepare a narrative of at least two paragraphs that analyzes your findings and indicates your recommendations.
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We should note that stock valuation helps to predict the future price or potential market prices for the investors to time their sales or purchase of investments. Its values the intrinsic value of the stock that shows the profitability of the business and its future market value.
What is the stock valuation of Apple Inc?In this context, let's assume we're analyzing Apple Inc. (AAPL), a technology company that designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players.
One key ratio valuations that investors might use to assess the value of AAPL is Price-to-earnings ratio (P/E ratio). This ratio compares the current stock price to the company's earnings per share (EPS). A high P/E ratio suggests that investors are willing to pay a premium for the stock based on its earnings potential.
To calculate the P/E ratio for AAPL, we would divide the current stock price by the company's EPS. As of 2022, AAPL had a P/E ratio of around 28, which is slightly higher than the industry average of around 24.
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Tyler's net income is approximately $40,000 annually. He has borrowed
$400,000 from the bank to buy a house (mortgage) and must pay 3% interest
each year. What is the cost of borrowing the money?*
Answers
Answer:
$400000 is the correct answer
Contract between parties that is entered into before marriage. Provides for disposition of property in the event of a divorce or death of one of the parties
Group of answer choices
Prenuptial Agreement
Marriage License
Common Law Marriage
Child support
Answers
The contract between the parties that is entered into before marriage is called a prenuptial agreement. Thus, option a is the correct answer.
A contract is legally binding agreement between the two or more parties that lays out each party's responsibilities and rights. A contract is a statement of the terms and conditions of a transaction, including the goods or services being traded, the terms of payment, and any other important information.
An offer, acceptance, consideration, and a shared desire to be bound by the conditions of the arrangement are all necessary components for a contract to be legally enforceable. Various situations can result in the formation of contracts, including company dealings, employment contracts, and real estate deals, among others.
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Related Party Risk: Evaluate the related party situation for Kathmandu by analysing the information disclosed by the client. You should also conduct a reasonable search for potentially related parties that may not have been disclosed (incompleteness) by the client. Come to an evaluation of the situations in conformance with both Accounting Standards (NZ IAS) and expectations of Auditing Standards (ISA NZ), and make a recommendation to the engagement partner with respect to the Related Party Risk issue.
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To evaluate related party risk for Kathmandu, analyze disclosed information and search for undisclosed related parties. Make recommendations in accordance with Accounting and Auditing Standards.
Evaluating related party risk for Kathmandu involves analyzing the disclosed information and conducting a reasonable search for undisclosed related parties. This evaluation should be done in accordance with Accounting Standards (NZ IAS) and expectations of Auditing Standards (ISA NZ).
Review the financial statements and accompanying notes for explicit disclosures of related party transactions. Analyze contracts, agreements, and other relevant documents to identify potential undisclosed related parties.
Assess the nature, extent, and financial implications of the related party transactions to determine if they have been appropriately accounted for and disclosed. Based on the evaluation, make recommendations to the engagement partner, which may include suggesting additional procedures or adjustments to address the related party risk issue.
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Which best diagrams the correct obstacle to the example?
Answers
economic trade this is your answer hope it's helpful to you
Economic Trade is the answer.
how does 2022 versa’s electric power-assisted steering enhance fuel efficiency?
Answers
It should be noted that Versa’s electric power-assisted steering enhances fuel efficiency as it doesn't rely on engine power.
Electric power assisted steering refers to any type of power steering wheel that is used to attenuate the effort of the driver that's required to steer the vehicle.
The 2022 Versa’s electric power-assisted steering enhance fuel efficiency because it doesn't rely on engine power.
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who here from K12? (sorry for asking this question)
Answers
Answer:
Explanation:
Answer:
Not I.
Explanation:
This is just constructive criticism, but I don't recommend listing your school here.
With respect to personal finance, what is the name of the most commonly used credit scoring system intended to help lenders predict how likely an individual is to repay a loan, or make credit payments on time?.
Answers
FICO Score is the most commonly used credit scoring system intended to help lenders for personal finance.
The Fair Isaac Corporation developed a credit score called a FICO score (FICO). Borrowers' FICO scores and other information from their credit reports are used by lenders to evaluate their credit risk and decide whether or not to grant credit.
When calculating credit worthiness, FICO scores use information from five categories: payment history, current debt load, credit kinds used, length of credit history, and new credit accounts.
Between 300 and 850 is the full FICO score range. A "good" credit history is often indicated by scores in the 670 to 739 area, and most lenders will view these scores favourably. In comparison, it could be challenging for consumers with credit scores in the range of 580 to 669 to acquire financing at competitive rates.
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Which of the statement best defines what a policy title means on an insurance policy?
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The statement that best defines what a policy title means on an insurance policy is this:
Every policy must have a title on the face and on the back of the policy, briefly describing the policy.What is an insurance policy?An insurance policy is an investment that is made to safeguard a person's property against loss. Every insurance policy must have a policy title.
The policy title refers to a form of indemnity insurance that is geared at protecting people who buy houses or borrow money. The policy title is meant to be spelled out clearly at the front and back so that stakeholders will be clear on the terms.
Question:
Which of the statement best defines what a policy title means on an insurance policy?
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what three recommendations have been made for improving perception?
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Several recommendations have been made for improving perception. Here are three common recommendations: Increase self-awareness, Practice active listening, Seek diverse perspectives.
Increase self-awareness: Developing self-awareness is crucial for improving perception. It involves understanding one's own biases, assumptions, and limitations that can influence how information is perceived and interpreted. By recognizing and addressing these biases, individuals can strive for more objective and accurate perception.
Practice active listening: Active listening is a skill that involves fully focusing on and comprehending the message being communicated. It requires paying attention, clarifying information, and empathizing with the speaker. By actively listening, individuals can enhance their perception by gaining a deeper understanding of others' perspectives and experiences.
Seek diverse perspectives: Exposing oneself to a variety of perspectives can broaden one's perception. Engaging with people from different backgrounds, cultures, and viewpoints helps challenge preconceived notions and expands the understanding of complex issues.
This can be achieved through diverse social networks, reading diverse literature, participating in multicultural activities, or seeking out diverse opinions in decision-making processes.
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McGlone Corporation had a 1/1/17 balance in the Allowance for Doubtful Accounts of $40,000. During 2017, it wrote off $28,000 of accounts and collected $8,400 on accounts previously written off. The balance in Accounts Receivable was $800,000 at 1/1 and $960,000 at 12/31. At 12/31/17, McGlone estimates that 5% of accounts receivable will prove to be uncollectible. What should McGlone report as its Allowance for Doubtful Accounts at 12/31/17
Answers
Answer:
$48,000
Explanation:
The computation of the amount that should be reported as its allowance for doubtful accounts is shown below
= Ending balance of account receivable × uncollectible percentage
= $960,000 × 0.05
= $48,000
hence, the amount that should be reported as its allowance for doubtful accounts is $48,000
The above formula should be applied
n january 1, year 1, stratton company borrowed $260,000 on a 10-year, 10% installment note payable. the terms of the note require stratton to pay 10 equal payments of $42,314 each december 31 for 10 years. the required general journal entry to record the payment on the note on december 31, year 2 is (round to the nearest dollar): multiple choice debit interest expense $26,000; debit notes payable $16,314; credit cash $42,314. debit notes payable $26,000; debit interest expense $16,314; credit cash $42,314. debit interest expense $24,369; debit notes payable $17,945; credit cash $42,314. debit notes payable $42,314; credit cash $42,314. debit notes payable $260,000; debit interest expense $16,314; credit cash $42,314.
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Powder compacts, lipstick holders, and other cosmetic accessories and containers are created under the Stratton brand in Birmingham, England. The business also produced costume jewelry.
Cufflinks from Stratton that are still in their original trays.The main company, Stratnoid, was established in 1860 and initially produced knitting needles. It changed its name to Stratton and joined with Jarrett and Rainsford in 1920 to become Jarrett, Rainsford and Laughton Ltd., which continued to operate under the Stratton and Stratton of Mayfair names.The business started putting together compacts in 1923 using components that were imported from the United States.
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Allen Furniture Company is considering offering an inexpensive line of college dorm and apartment furnishings. If they move forward, they will renovate part of their store to accommodate this new stock. Before spending the money to redesign the store, they first want to find out customer interest. In a short response of approximately 100 words, describe some of the steps they should take as they consider this project.
Answers
Answer:
Allen Furniture Company should look into conducting a survey to gauge customer interest to find what they look for, need, and find attractive. They could do so by going to college campuses and conducting random interviews. For their apartment furnishings, they could look online to see what kind of product sell and do an analysis of customer interest that way and they could also conduct a survey for people that live in apartments. They could also look into a consultant that specializes in the field and is experienced with what customers like or want.
What is the mid-range (average)
code letter value for a 230V three-
phase 10hp motor with a code letter
G marked on the motor nameplate?
A) 5.600 kVA
B) 6.290 kVA
C) 5.945kVA
D) 7.990kVA
Answers
Alejandro Scoobertini owns a store specializing in soccer jerseys. In 2012, he purchased $150,000 worth of jerseys from manufacturers, employed one worker for $40,000, purchased $20,000 worth of supplies from an office supply store, and sold jerseys for $280,000. Based on this information, what was the value added (producer surplus) at Alejandro's store in 2012
Answers
Answer:
$70,000
Explanation:
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
least price =cost of production = 150,000 + 40,000 + 20,000 = 210,000
280,000 - 210,000 = 70,000
operations are able to respond quickly to customers and changes in the environment in a decentralized organization because ___multiple choice question. O top management is heavily involved in the day-to-day operations O there are fewer managers that must be consulted O before a decision is made lower-level O managers are judged on non financial measures rather than financial outcomes of their decisions
Answers
Operations are able to respond quickly to customers and changes in the environment in a decentralized organization because there are fewer managers that must be consulted before a decision is made.
In a decentralized organization, operations are able to respond quickly to customers and changes in the environment because there are fewer managers that must be consulted before a decision is made.
This streamlined decision-making process allows for greater flexibility and adaptability in response to changing market conditions and customer needs.
In a decentralized organization, lower-level managers are often granted more authority and autonomy in making decisions that directly impact their areas of responsibility.
This means that they can make adjustments and respond to changes without needing to wait for approval from multiple layers of management.
As a result, decisions can be made more quickly, and the organization can be more agile in its response to changing conditions.
Top management being heavily involved in day-to-day operations is not the main reason for the quicker response in decentralized organizations, as their focus is typically on strategic planning and higher-level decision-making.
Also, the use of non-financial measures to judge lower-level managers may contribute to the overall agility of a decentralized organization, but it is not the primary reason for their ability to respond quickly to customers and environmental changes.
In summary, decentralized organizations can respond quickly to customers and changes in the environment because there are fewer managers that must be consulted before a decision is made, leading to a more efficient and agile decision-making process.
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A Web site is an example of a cross channel of communication.
A. True
B. False
Answers
__ I can help protect clients’ confidential information.
A. Anti-virus software
B. Piracy
C. Identity theft
D. Licensing infringement
Answers
Answer:
a.
Explanation:
I think it’s a. Or anti-virus software because, it helps to prevent or try and help prevent someone from stealing your personal information.
What is the best advice to keep in mind as you grow your business?
Answers
Answer:
Be smart and watch out for snakes
A firm derives revenue from two sources: goods X and Y. Annual revenues from good X and Y are $10,000 and $20,000, respectively. If the price elasticity of demand for good X is −2.0 and the cross-price elasticity of demand between Y and X is 1.5, then a 4 percent increase in the price of X will:
Answers
Answer:
Increase the total revenue increases by $400
Explanation:
R = PxQx + PyQyce of good X
R = Revenue, Px = Price of good X, Py = Price of good Y, Qx = Quantity of goods X, Qy = Quantity of goods Y.
Now, suppose the price of goods X increases by 4$
ΔR = [PxQx(1+eQxPx) + PyQy*eQyPy] * %ΔPx
= [Rx(1+eQxPx) + Ry*eQxPx] * %ΔPx
= [ 10,000*(1 - 2.0) + 20,000 (1.5)] * 0.02
= -10000 + 30000 * 0.02
= 20,000 * 0.02
= $400
Thus, it means with increase in price of goods X by 4%, the total revenue increases by $400
You purchase $300 worth of the same stock every quarter for one year at prices per share of $15, $12, $10, and $20, respectively. By using this dollar-cost averaging strategy, you paid less overall than the average share price of $14.25. What was the average cost per share that you paid?
please help
Answers
Answer:
$13.33
Explanation:
The average cost of purchase for each stock throughout the year will be $13.33 per share.
What is the average cost?Average cost refers to total cost incurred divided by the total quantity purchased for such product. Using the given information, the average cost per share can be calculated as,
Total Cost will be $1200, as $300 worth of shares were purchased in each quarter. And the total quantity accumulated throughout this period was 90 shares.
So, the average cost per share will be,
\(\rm Average\ Cost\ = \dfrac{Total\ Cost}{Total\ Quantity}\\\\\rm Average\ Cost\ = \dfrac{1200}{90\\}\\\rm Average\ Cost\ =\$13.33\)
Hence, the average cost per share will be $13.33 for shares purchased throughout the year.
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in a(n) relationship, a corporation may be motivated to undertake nonprofit services for social responsibility and business benefits.
Answers
In a strategic corporate social responsibility (CSR) relationship, a corporation may be motivated to undertake nonprofit services for both social responsibility and business benefits.
Corporations understand the importance of being socially responsible and giving back to the community. They recognize that they have a responsibility to use their resources to help address social and environmental issues.
Corporations also recognize that engaging in nonprofit services can benefit their bottom line. By giving back to the community, they can improve their public image, build brand loyalty, and even attract and retain talented employees.
In summary, CSR initiatives allow corporations to fulfill their social responsibility while also reaping valuable business benefits.
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What is the weight of an object that has a mass of 10kg?
Answers
98N is the weight of an object that has a mass of 10kg.
We know that,
weight = mass * acceleration due to gravity
mass = 10 kg
Acceleration due to gravity = 9.8 m/s²
Weight = 10 * 9.8
= 9 N
The unit of weight is N. Hence, answer is 98 N.
The mass of an object is defined as the quantity of matter it contains.
'm' stands for mass. Its SI unit is the kilogram (kg). The weight of an object is defined as the amount of force with which it is attracted by the earth.
Weight is the object's mass (m) multiplied by the acceleration due to gravity (g).
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a stock just paid an annual dividend of $1.9. the dividend is expected to grow by 9% per year for the next 3 years. the growth rate of dividends will then fall steadily (linearly) from 9% after 3 years to 6% in year 6. the required rate of return is 12%.
Answers
The present value of future dividends can be calculated using the Gordon Growth Model. The formula for the present value of dividends is: Present Value = Dividend / (Required Rate of Return - Dividend Growth Rate).
To calculate the present value for each year, we can use the formula mentioned above and adjust the dividend growth rate accordingly. For the first 3 years, we use a dividend growth rate of 9%. From year 4 to year 6, we can calculate the growth rate by interpolating between 9% and 6%.
Using this information, we can calculate the present value of dividends for each year and sum them up to get the total present value.
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Read the following statements and decide in which one you think it is ?
Contact lenses for a person who wears glasses?
A. Economic good/Economic service?
B. Consumer product/Industrial product?
C. Classification(s) of consumer or industrial product?
Answers
Answer:
Uhm...C?
Explanation:
I think so I hope this helps...
one disadvantage of using a penetration pricing policy is that the high unit profit margins will attract potential competitors into production of similar products.
- True
- False
Answers
The statement "one disadvantage of using a penetration pricing policy is that the high unit profit margins will attract potential competitors into production of similar products" is False. The reason behind this is explained in the following paragraph.Penetration pricing is a pricing policy in which a product or service is priced relatively low at the time of its launch to attract buyers and to capture the market share.
This policy works effectively when a product has low or no competition. This policy aims to achieve a wide market share by attracting a large number of customers.
The advantages of using a penetration pricing policy include increased sales volume, quick market entry, and a chance to attract customers away from competitors.However, one disadvantage of using a penetration pricing policy is that it may not lead to a sustainable competitive advantage, as the competitors may also lower their prices and introduce a similar product. But the high unit profit margins do not attract competitors into production of similar products. Instead, a lower price may attract customers to the product and increase its demand, which in turn could motivate competitors to enter the market. Therefore, the given statement is false, and the disadvantage of a penetration pricing policy is not related to high unit profit margins.
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A person who holds him- or herself out as a specialist or knowledgeable in a certain type of business is one type of
O negotiator
O offeree
O merchant
buyer
Answers
Answer:
Merchant
Explanation: