According to the typical demand curve, lower prices will result in a greater quantity of goods being sold.
This is because the demand curve illustrates the relationship between the price of a product and the quantity demanded by consumers. As the price decreases, the quantity demanded increases, and more goods are sold. As the price of a good or service decreases, consumers become more willing and able to purchase it. This leads to an increase in demand, resulting in a larger quantity of the good or service being sold.
This is a reflection of the law of demand, which states that when the price of a good falls, the quantity demanded for that good will rise, and vice versa. As prices decrease further, the quantity demanded will continue to increase, following the law of demand.
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All of the following allow for a monopoly to exist EXCEPT ______________.
a. geography
b. competition
c. a patent
d. government mandate
Economics
Answer:
d. government mandate economics
Explanation:
during the industrial era the government stepped in to stop wealthy monopoly companies from corruption of the government
The correct option is (d) Government mandate economics.
What does government mandate economics mean?The group of people responsible for governing the country is called the government. If some government has a mandate for carrying out any policy or task, then they somewhat get the authority to win the election or vote. Hence (d) is correct out of all options.
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Linda purchased a washing machine and dryer set for $1,299 on a deferred payment plan. She needs to pay $80
per month for 6 months and the remaining balance in month 7. How much will Linda pay back in 6 months, and
what will the amount of her final payment be?
HELP PLEASE
Answer:
In six months, Linda will pay : $480
Final payments :$819
Explanation:
The monthly payments are $80 for six months.
For six months, Linda will have paid $80 times six months
=$80 x 6
=$480
The amount for her final payments will be the total of the two items minus the installment payments
=$1,299 - $480
=$819
The Cash account of Gate City Security Systems reported a balance of 2400 at December 31, 2018. There were outstanding checks totaling 1300 and a December 31 deposit in transit of 400. The bank statement, which came from Tri Cities Bank, listed the December 31 balance of 3810. Included in the bank balance was a collection of 520 on account from Carol Lajoy, a Gate City customer who pays the bank directly. The bank statement also shows a 30 service charge and 20 of interest revenue that Gate City earned on its bank balance. Prepare Gate City's bank reconciliation at December 31.
Answer:
Explanation:
gate City bank reconciliation statement as at December 31, 2018
Balance as per cash book 2400
Direct payment to the bank (loan) 520
Less bank charges (30)
Add bank interest 20
Adjustment 510
Adjusted cash book balance 2910
Balance as per bank statement 3,810
Less outstanding check (1300)
Add deposit in transit 400
Adjustment (900)
Adjusted bank statement balance 2,910
Is there any way for a monopoly to operate more efficiently than a competitive market? why or how?.
The equilibrium point in a competitive market exists at the point of optimal market efficiency.
What is competitive market?A competitive market exists a term in economics that guides to a marketplace where there exist a large number of buyers and sellers and no single buyer or seller can influence the market. Competitive markets have no obstacles to entry, lots of buyers and sellers, and homogeneous products.
In economics, especially general equilibrium theory, A perfect market also understood as an atomistic market, is determined by several idealizing requirements, collectively anointed perfect competition or atomistic competition.
No, the monopoly can never be additional efficient than the perfectly competitive market because the competitive market exists at the point of optimal market efficiency and the monopoly will deliver at the point where the MR and the MC stand equal. here the market has the excess capability and a dead weight loss.
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Help ASAP!!!
Which is an effect of cultural differences on global trade?
Though you are all speaking the same language during price negotiations, certain words have a different meanings to each person in the conversation.
How a country represents the restrooms on a building layout.
Challenges finding the cheapest supplier of paper in a different country than where your corporate HQ resides.
All of these could potentially be cultural differences affecting global trade.
Some of the main effect of cultural differences on global trade is influencing how the multinational and cross-cultural teams interact and collaborate in their business.
Which is an effect of cultural differences on global trade?Cultural differences can have a significant impact on global trade, as cultural differences can influence how goods and services are perceived, produced, and consumed.
Some of the effects of cultural differences on global trade include:
Market segmentation: Different cultures may have unique preferences and needs, leading to market segmentation, where goods and services are customized to meet specific cultural demands.Communication barriers: Different languages, communication styles, and cultural norms can lead to misunderstandings, communication barriers, and decreased efficiency in global trade.Adaptation of products: Cultural differences may require companies to adapt their products to meet the needs and preferences of different markets.Perception of business practices: Different cultural norms and values can impact how business practices are perceived, leading to challenges in negotiating and conducting business across cultural borders.In all, these differences can provide opportunities for trade, but they can also create challenges that need to be addressed in order to facilitate successful cross-cultural trade.
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The personal liability umbrella policy is designed to provide a catastrophic layer of liability coverage on top of the individual's homeowners and automobile insurance liability coverages
Answer: True
Explanation:
Personal liability umbrella policy was made to provide protection to people should a catastrophic legal claim or judgement be passed on them.
For the coverage to be offered however, the insured must have underlying policies such as homeowners and automobile liability insurance coverage because the personal liability umbrella policy will only pay out after those underlying policies have paid out.
A new business is likely to need what bank service(s)? *
Answer:
Checking Account tell me if i'm wrong
Explanation:
TRUE OR FASLE????
Supply and demand affects the prices of goods and services.
List the following documents in the order in which they are used when recording direct materials costs injob order cost accounting, with the first document on top.
1. Receiving reports
2. Materials ledger cards
3. Materials requisitions
4. Job cost sheets
The next table lists direct material costs in the order they were used. cost sheets for jobs, Materials requisitions, Materials ledger cards, Obtaining knowledge
On a materials ledger card, the raw material units that pass through a warehouse are manually recorded. Typically, the card has the following transactional data: Raw materials are carried from the warehouse to the plant floor after being purchased from vendors and recorded when received.
A list of a job's actual costs is called a job cost sheet. The report, which the accounting department put together, is given to the management team so they may decide whether a job was fairly bid. The sheet is usually finished after a work is finished, though it can be put together as you go.
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From an individual firm's supply curve, we can determine the maximum price a producer is willing to accept at any quantity. the maximum quantity a consumer is willing to buy at any price. the minimum quantity a producer is willing to sell at any price. the maximum quantity a producer is willing to sell at any price.
The supply curve helps a producer determine the minimum quantity they're willing to sell at any given price to maximize profits.
From an individual firm's supply curve, we can determine the minimum quantity a producer is willing to sell at any price.
The supply curve represents the behavior of an individual producer when the market conditions change, and the producer must adjust the price and quantity produced to maximize profit.
When the price of a product rises, a producer is willing to increase the quantity of the product supplied.
When the price falls, a producer is willing to decrease the quantity supplied. This means that the supply curve slopes upward from left to right. The supply curve illustrates the minimum price that a producer will accept to supply a certain quantity of the product. When the price of the product rises, the producer is willing to supply more to maximize profits. A higher price leads to a higher profit margin.
In conclusion, the supply curve helps a producer determine the minimum quantity they're willing to sell at any given price to maximize profits.
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which form determines how much state income tax is withheld from your paycheck?
By completing Form W-4: An Employee's Withholding Allowance Certificate, you can let your employer know how much money should be taken out of your paycheck to cover federal paycheck taxes.
The federal government determines the paycheck taxes percentages that workers must pay. Payroll taxes or FICA (Federal Insurance Contributions Act) taxes are subtracted from your paycheck and include Social Security and Medicare taxes. Social Security taxes provide retirement and disability benefits for workers and their families. The Medicare tax, which also includes medical benefits, applies to all adults 65 years of age and over, as well as to some disabled people who are younger. It also applies to people with chronic renal failure who require dialysis or a transplant. Employers contribute to these payroll taxes in part.
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The shortest path to failure in a small business is
A. Poor inventory control. B. Poor vendor relations. C. Improper policies and procedures.
Among the options provided, "under capitalization" is often considered the shortest path to failure in a small business.
Under capitalization refers to a situation where a business does not have sufficient funds or resources to support its operations and meet its financial obligations.
Insufficient capital can hinder a small business's ability to invest in necessary equipment, hire skilled employees, market effectively, manage cash flow, and respond to unexpected expenses or changes in the market. It limits the business's growth potential, reduces its competitiveness, and increases the risk of failure.
While the other factors mentioned (poor vendor relations, over regulation by government, improper policies and procedures, and poor inventory control) can also contribute to business failure, inadequate capitalization is often seen as a fundamental and critical challenge for small businesses. Without adequate financial resources, it becomes difficult to address and manage other issues effectively, making it more challenging for the business to survive and thrive in the long term.
The complete question is:
The shortest path to failure in a small business is
1: under capitalization
2: poor vendor relations
3: over regulation by government
4: improper policies and procedures
5: poor inventory control
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What type of transactions should be recorded in the Payment, Fee, Withdrawal column
of your check register?
what is the purpose of the health insurance portability and accountability ac?
The Health Insurance Portability and Accountability Act (HIPAA) is a federal law that was enacted in 1996 with the purpose of protecting patients' healthcare information privacy and security.
It was designed to improve the efficiency and effectiveness of the healthcare system by creating national standards for electronic healthcare transactions and privacy protections for individual health information.
HIPAA has two main objectives: portability and accountability. Portability refers to the ability of individuals to keep their health insurance coverage when they change jobs or health plans, regardless of pre-existing conditions. This means that individuals are no longer tied to a specific employer for healthcare coverage.
Accountability refers to the responsibility of healthcare providers, insurance companies, and other entities that handle health information to safeguard patient data and maintain privacy.
HIPAA has helped to establish standards for the handling and storage of electronic health information, ensuring that patient data is secure and private. The law requires healthcare providers and insurance companies to use standardized codes for billing and other transactions, making it easier to track and monitor healthcare costs.
Overall, HIPAA has played a critical role in improving the healthcare system by promoting efficiency, protecting patient privacy and security, and ensuring accountability among healthcare providers and insurance companies.
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Most advertising spending is directed to _____.
Answer:
the internet
Explanation:
4. which of the following is a drawback of the spt dispatching rule? (5 pts) a) long jobs may be continuously pushed back in favor of shorter jobs. b) it is well suited only to service systems. c) it is not proficient at minimizing job flow time. d) the average number of jobs tend to be on the higher end.
Long jobs may be continuously pushed back in favor of shorter jobs is a drawback of the spt dispatching rule.
What is SPT?
The standard penetration test (SPT) is a dynamic in-situ penetration test used to determine the geotechnical engineering parameters of soil. This is the most common subsurface exploratory drilling test performed around the world. ISO 22476-3, ASTM D1586, and Australian Standard AS 1289.6.3.1 all outline the test technique. The test produces samples for identification as well as a measure of penetration resistance that can be used in geotechnical design. For geotechnical engineering reasons, there are numerous local and extensively published international correlations that relate blow count, or N-value, to soil engineering parameters.
Long-duration work may be continually pushed back in priority in favor of short-duration jobs, which is its main drawback.
So, the right answer is A.
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applying the prisoner's dilemma to a duopoly, can the two firms trust each other? please select two correct answers.
Applying the prisoner's dilemma to a duopoly, the two firms cannot fully trust each other. This is because each firm's decision to cooperate or defect depends on the other firm's decision.
If both firms choose to cooperate, they can achieve a better outcome than if they both defect. However, if one firm defects while the other cooperates, the defecting firm will gain a larger market share and profit while the cooperating firm will suffer a loss.
Therefore, each firm has an incentive to defect, even though cooperation would benefit both firms. As a result, trust between the two firms is limited, and it is difficult for them to maintain a cooperative strategy in the long run.
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The Two General Functions Of Mentoring Are Internal And Wxternal. True Or False
Statement It is untrue that mentoring Has Two Main Functions: Internal And External.
What is the purpose for mentoring?A mentor's job is to support your personal development and help you get to be the absolute best of oneself. This might entail assisting you in achieving your professional or personal objectives, exposing you to fresh perspectives, pressing your limiting beliefs, imparting priceless valuable lessons, and more.
What are examples of mentoring?Individual mentoring can take many different forms, including such informal, goal-oriented conversations where a junior person asks one‘s supervisor for advice as well as conversations where the mentor isn't really necessarily a superior or even a colleague of the mentee but instead has more expertise working in a particular field.
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Preparation of Adjusting Entries Bartow Photographic Services takes wedding and graduation photographs. At December 31, the end of Bartow's accounting period, the following information is available: All wedding photographs are paid for in advance, and all cash collected for them is credited to Unearned Service Revenue. Except for a year end adjusting entry, no other entries are made for service revenue from wedding photographs. During the year, Bartow received $42,600 for wedding photographs. At year end, $37,480 of services had been performed. The beginning-of-the-year balance of Unearned Service Revenue was zero. During December, Bartow photographed 228 members of the next year's graduating class of Shaw High School. The school has asked Bartow to print one copy of a photograph of each student for the school files. Bartow delivers these photographs on December 28 and will bill the school $5.00 per student in January of next year. Revenue from photographs ordered by students will be recorded as the orders are received during the early months of next year. Equipment used for developing and printing was rented for $22,500. The rental term was for 1 year beginning on August 1 and the entire year of rent was paid on August 1. The payment was debited to Prepaid Rent. Depreciation on the firm's building for the current year is $9,390. Wages of $4,170 are owed but unpaid and unrecorded at December 31. Supplies at the beginning of the year were $2,400. During the year, supplies costing $19,600 were purchased from Kodak. When the purchases were made, their cost was debited to Supplies. At year end, a physical inventory indicated that supplies costing $4,100 were on hand.
Conceptual Connection: By how much would net income be overstated or understated if the accountant failed to make the adjusting entries?
Answer:
The enetres below suggests that the reader aka you doesnt know how to do work
Explanation:
study
yall anyone give me a mission statement to use please !!!!!
Answer:
need to know what its about?
Explanation:
which one of the following statements is true? multiple choice a call with a strike price of $25 and a stock price of $23 has positive intrinsic value. a european style option is more valuable than an american style option. an american style out-of-the-money call option can have a positive value. a $40 put option has more intrinsic value than a $50 put option on the same underlying asset. the time value of an option is equal to the intrinsic value minus the option premium.
The statement that is true is "an American style out-of-the-money call option can have a positive value." This is because an out-of-the-money call option can still have time value, which is the potential for the option to move into the money before it expires. The correct option is b.
An American-style out-of-the-money call option can have a positive value if it has sufficient time left until expiration and the underlying asset price is expected to rise significantly before the end.
To understand this, let's define the key terms. An "out-of-the-money" option is one where the strike price is above the current market price of the underlying asset. A "call" option is a type of option that gives the holder the right, but not the obligation, to buy the underlying asset at a specified price (the "strike price") on or before a specified date (the "expiration date"). An "American style" option is an option that can be exercised at any time before or on the expiration date.
When an American-style out-of-the-money call option is purchased, the buyer pays a premium to the seller in exchange for the right to buy the underlying asset at the strike price. If the underlying asset price remains below the strike price, the option will expire worthless and the buyer will lose the premium paid.
However, if the underlying asset price rises above the strike price before the expiration date, the option will have intrinsic value, and the buyer can exercise the option and purchase the underlying asset at a price lower than the current market price.
The correct option is b.
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In the United States, there are various forms of economic oversight that are performed by the government. Sometimes the government will step in when they feel the need to encourage competition in a particular industry and to break up companies that have nearly complete control over a particular market. What is this called when the government initiates action against companies that appear to have too much power?
Antitrust laws initiate action against companies that appear to have too much power.
Antitrust laws are rules that promote competition by restricting a firm's ability to dominate the market. This frequently entails dismantling monopolistic enterprises as well as making sure mergers and acquisitions don't excessively concentrate market power.
Additionally, cartels or groups of companies working together to restrict competition through tactics like price fixing are prohibited by antitrust laws. Antitrust law has developed into distinct legal expertise as a result of the difficulty in determining what actions may restrict competition.
Federal antitrust laws are currently enforced by the Federal Trade Commission, often in cooperation with the Department of Justice.
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In a world of scarcity, ______. Multiple choice question. consumers or producers will always behave in a manner in which marginal benefits (MB) are less than average costs (AC) consumers or producers will always behave in a manner in which marginal benefits (MB) are less than marginal costs (MC) the decision to obtain the marginal benefit (MB) of a specific option always includes the marginal cost (MC) of forgoing something else the decision to obtain the marginal benefit associated with some specific option includes the total cost of forgoing something elsev
In a world of scarcity, the decision to obtain the marginal benefit associated with some specific option includes the total cost of forgoing something else.
Choices A, B and C are incorrect, they do not explain the effects of scarcity.
Scarcity is a lack of resources.
It is a situation that exists when people have unlimited wants in a world of limited resources.
It is one of the basic issues in economics that seeks to explain the behavior of people.
Because people are unable to have everything they want, they must choose some options and forgoing others.
The option that they choose is the one with the greatest marginal benefits (MB) compared to the marginal cost (MC) of forgoing other options.
Hence, in a world of scarcity, the decision to obtain the marginal benefit associated with some specific option includes the total cost of forgoing something else.
This means that people will always select options that offer them the most benefits while considering the total cost of forgoing other options.
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Which of these is an educational institution where you can complete an undergraduate
study program in order to get a bachelor's degree?
A 2 year ollege
B Technical School
C Certificate program
D 4 year College
Question 4 What is the easiest way to increase the money you have available for savings and investments ? © A. Read a lot of books on investing. B. Talk to your friends about investing. OC. Pay off all your high-interest debt such as credit cards and store cards. Start financing more things on your credit cards, so you'll have more OD money to invest.
It should be noted that the easiest way to increase the money you have available for savings and investments is D. Invest the money.
It should be noted that reading a lot of books on investing and talking to your friends about investing won't help an individual increase the amount of money that they have with them.
The important thing to do is to invest the money that the person has. It should be noted that investment helps one to generate more income.
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Productivity, dependability, and responsibility are examples of skills that managers look for when determining who to promote within a company. Evaluate these three skills and another one or two that you come up with and explain how each skill could be helpful for an employee looking to get a promotion.
A dependable employee is an incredible asset to a company, as they make great coworkers, can be trusted to do their jobs. Productivity and responsibility are important aspects for the promotion.
What is a dependable employee?A dependable employee is a fantastic addition to a company because they make excellent teammates, can be trusted to execute their tasks without micromanagement, and empower others to accomplish their jobs effectively. As a result, being recognized as a dependable employee can help you stand out as an attractive prospect.
Every organization wants a productive employee who is responsible for the success of the organization as well as for his personal gains.
Being reliable implies doing what you say you'll do, when you say you'll do it. A reliable individual fosters trust by keeping himself/herself accountable and, if they lead others, their team members accountable as well.
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Market failure associated with the free-rider problem is a result of.
Market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.
What is market failure?Market failure refers to a situation when there's an inefficient distribution of resources in the market.
Market failure occurs when the free market does not distribute resources efficiently. This leads to rational outcomes for the group as a whole.
Hence, market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.
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in what ratio must tea RS.60 per KG be mixed with tea at 72 per kg so that the mixture must be worth Rs 64.5 per KG solver can get unique price
Answer:
1x : 1 6667y
Explanation:
Let :
unit of Rs. 60 per kg = x
Unit of Rs. 72 per kg = y
60x + 72y = 64.5(x + y)
60x + 72y = 64.5x + 64.5y
60x - 64.5x = 64.5y - 72y
-4.5x = - 7.5y
Divide both sides by - 1.5
3x = 5y
x = 5/3y
It could be mixed in the ratio ;
1x : 1.6667y
You see a shirt you really like but it costs $50.00 and you cannot afford it right now. You see one on eBay that is exactly the same for $19.99 plus $1.50 in shipping. What percent are you saving off of the original in-store price if you buy the shirt on eBay? Please show your work. PLEASE HELP ASAP
Total cost of the shirt from
eBay is the price of the shirt plus the shipping:
19.99 + 1.50 = $21.49
Find the cost difference:
50 - 21.49 = $28.51
Divide the cost difference by original price:
28.51/50 = 0.5702
Multiply by 100 to get percent:
0.5702 x 100 = 57.02%
Answer: 57.02% ( you can probably round the answer to 57%)
A landowner chooses not to irrigate his property and some of the trees on his property die. The social costs
A.
are zero.
B.
are less than the private costs because the trees belonged to the landowner.
C.
are equal to the private costs because the trees belonged to the landowner.
D.
are greater than the private costs, but we do not know by how much.
The correct answer is D. The social costs are greater than the private costs, but we do not know by how much.
In this scenario, the landowner's decision not to irrigate his property leads to the death of some trees. While the private costs incurred by the landowner may include the loss of the trees and potential impacts on the aesthetics or value of his property, there can be additional social costs associated with this decision.
The social costs refer to the overall costs imposed on society as a whole, taking into account not only the private costs but also any external costs or negative effects on third parties. In this case, the death of the trees may have broader implications beyond the landowner's immediate interests. For example:
1. Environmental Impact: The loss of trees can affect the local ecosystem, including impacts on biodiversity, soil erosion, and air quality. These environmental consequences can have broader implications for the well-being of the community and future generations.
2. Visual and Aesthetic Value: The presence of healthy trees can contribute to the beauty and aesthetics of the surrounding area. The absence of trees can impact the visual appeal of the landscape, potentially affecting the enjoyment and quality of life for others in the community.
3. Economic Effects: Trees can provide various economic benefits, such as shade, carbon sequestration, and habitat for wildlife. The loss of trees may result in a reduction of these benefits, affecting local ecosystems and potentially impacting industries like tourism or agriculture.
The extent of the social costs in this scenario depends on various factors, including the specific context, the significance of the trees in the broader ecosystem, and the value placed on environmental and aesthetic considerations by the community. Therefore, while we know that the social costs are greater than the private costs, we cannot determine the exact magnitude of this difference without further information.
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