table 13-12 quantity long-run total cost (dollars) firm 1 firm 2 firm 3 firm 4 1 180 120 150 210 2 350 250 300 340 3 510 390 450 490 4 660 540 600 660 5 800 700 750 850 6 930 870 900 1,060 7 1,050 1,050 1,050 1,290 refer to table 13-12. which firm's long-run marginal cost decreases as output increases? a. firm 2 b. firm 3 c. firm 4 d. firm 1
Answers
In order to determine which firm's long-run marginal cost decreases as output increases, we first need to calculate the long-run marginal cost (LRMC) for each firm.
What is LRMC ?LRMC is the additional cost incurred by a firm when it increases its output by one unit, while all inputs are variable and the production technology remains constant.
How to calculate LRMC ?To calculate LRMC, we need to look at the change in total cost when output increases by one unit. For example, the LRMC between output levels 1 and 2 is the difference in total cost between these two levels, divided by the difference in output between these two levels. LRMC between output levels 2 and 3 is the difference in total cost between these two levels, divided by the difference in output between these two levels, and so on.
Using the data in Table 13-12, we can calculate the LRMC for each firm as follows:
Firm 1: LRMC = (350 - 180)/(2-1) = 170
Firm 2: LRMC = (250 - 120)/(2-1) = 130
Firm 3: LRMC = (450 - 300)/(3-2) = 150
Firm 4: LRMC = (490 - 340)/(3-2) = 150
From the calculations above, we can see that the LRMC for firm 2 decreases as output increases. Specifically, the LRMC decreases from 170 to 130 as output increases from 1 to 2, indicating that firm 2 is able to achieve economies of scale as it produces more output. In contrast, the LRMC for firms 1, 3, and 4 all increase as output increases, indicating that these firms are experiencing diseconomies of scale.
Therefore, the correct answer to the question is (a) firm 2.
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Related Questions
Which of the purposes listed for effective performance management systems would most likely be of use when terminations occur?
Answers
Legal purposes listed for effective performance management systems would most likely be of use when terminations occur.
A performance management system consists of the processes used to discover, inspire, measure, compare, improve, and praise employee overall performance at paintings.
The motive of performance management is to ensure personnel and teams are given the sources they need to expand, the popularity they need to be stimulated, and the responsibility to realize what is predicted.
A powerful performance management system ensures that character and crew desires are aligned with organizational goals in order that performance at both the individual, crew, and organizational stage are more desirable through effective implementation of human aid control practices.
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¿ Cómo se organizaron las vacunas del coronavirus ?
Answers
Answer:
In recent months, the World Health Organization (WHO) has warned that the lack of access to vaccines in Africa, where less than 5 percent of the ...
Explanation:
1. The Governor of Niger State (Alhaji Abubakar Sani Bello) invited you to be part of the Survey team for the Compass survey of the entire Niger State, Nigeria. Explain the execution of the project under the following headings: a. The instruments/materials required for the Survey; b. The principle, procedures and computations involved ( 25mks)
Answers
The execution would require a range of surveying instruments and materials. The principles are accurately mapping the state's geographic features, while the procedures would entail systematic data collection across the entire area.
As part of the survey team for the Compass survey of Niger State, Nigeria, several instruments and materials would be required for the successful execution of the project. These include surveying instruments such as compasses, theodolites, total stations, and GPS devices.
Additionally, measuring tapes, ranging poles, stakes, and markers would be necessary for marking reference points and measuring distances accurately. Data collection tools such as notebooks, pens, and cameras would be needed to record observations and capture visual information during the survey.
The principle behind the survey is to gather accurate spatial data of the entire Niger State, Nigeria. This involves identifying and mapping geographic features, boundaries, topography, and infrastructure within the state.
The procedures would typically involve dividing the state into smaller survey areas or grids and systematically traversing each area to collect data points. The surveyors would use compasses or theodolites to determine the bearings and angles of various features, while total stations and GPS devices would help in measuring distances and obtaining precise coordinates.
By combining these measurements and observations, the team would create an accurate map or representation of Niger State. In terms of computations, the survey team would perform various calculations to process the collected data and create meaningful results.
This would include computing distances, angles, and coordinates based on the measurements obtained in the field. Trigonometric principles and mathematical formulas would be used to calculate distances between points, determine elevations, and establish the relative positions of different features on the map.
Additionally, data analysis and interpretation would be carried out to identify patterns, trends, and relationships within the surveyed area. Overall, the execution of the Compass survey project in Niger State, Nigeria, would require a range of surveying instruments and materials.
The principles involved revolve around accurately mapping the state's geographic features, while the procedures would entail systematic data collection across the entire area. Computations would involve calculations of distances, angles, and coordinates, allowing the team to create a comprehensive map of Niger State.
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The 19th century American economist Henry George argued that the government should levy a sizable tax on land, the supply of which he took to be completely inelastic. a. George believed that economic growth increased the demand for land and made rich landowners richer at the expense of the tenants, who make up the demand side of the market for land. Explain this argument by using a supply and deinand diagram. (5 pts) b. Who shoulders the burden of a tax on land - the land owners or the tenants? (5 pts) c. is the deadweight loss of this tax large or small? (5 pts) d. Many cities today levy taxes on the value of real estate. Why might the above analysis of George's land tax not apply to this modern tax on real estate?
Answers
a) Henry George's argument is that the demand for land increases as the economy grows, leading to an increase in land values. This increase in land values benefits the landowners who can charge higher rents for their property, while the tenants who must pay the rent suffer.
b) A tax on land would be borne by both the landowners and tenants, but the degree to which each group bears the burden would depend on the relative elasticities of supply and demand.
c) The deadweight loss of this tax would be small, as the supply of land is inelastic, and the tax would not significantly reduce the amount of land available for rent.
d) The analysis of George's land tax may not apply to modern taxes on real estate since real estate includes not only land but also buildings and other improvements.
a. This situation can be represented on a supply and demand diagram by showing the demand curve for land shifting to the right due to economic growth, causing the equilibrium price to rise. As a result, the landowners' surplus increases while the tenants' surplus decreases. By imposing a tax on land, George aimed to redistribute the gains from economic growth from the landowners to the tenants, thereby reducing inequality.
b. If the supply of land is completely inelastic, as George assumed, then the tax would be borne entirely by the landowners. This is because they cannot adjust the supply of land in response to changes in the market. On the other hand, if the demand for land is relatively inelastic, then the tenants would bear a greater share of the tax burden, as they would not be able to easily reduce their demand for land.
c. Additionally, the tax would not distort the allocation of resources in the economy since it only affects the distribution of income between landowners and tenants.
d. Unlike land, the supply of buildings and other improvements is not fixed in the short run, and owners can respond to changes in taxes by reducing their investment in these assets. Additionally, modern taxes on real estate often take into account the value of buildings and other improvements, which may not necessarily increase with economic growth in the same way that land values do.
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mr. garcia is planning for retirement. he deposits $650 each month into a retirement account. the account pays 9% per year compounded monthly. how much will he have in 17 years when he retires?
Answers
Since Mr. Garcia is planning for retirement and calculate his amount after 15 years of investment means he look for Future Value of an Annuity.
What are the present and future values?
The amount of money that has to be invested in order to accomplish a particular future goal is known as the present value. Future value is the dollar amount that, if invested, will grow over time. The amount you must invest in order to obtain the future worth is known as the present value.
An illustration of future value
The future value formula, FV=PV(1+i)n, increases the present value PV by a factor of 1 + I for each period into the future. The future value calculator calculates the FV using a number of variables, including: The whole present value. a large number of times, usually years. rate of interest.
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What is the information that oranges contain vitamin C considered?
Common Knowledge
Copyright
Creative Commons
Public Domain
Answers
Answer: Common knowledge
Explanation:
Answer:
Its A. btw i took the final exam quiz on FLVS for keyboarding.
Explanation:
you hurt your back at work by falling of a ladder and are out of work for a month
Answers
Answer:
Uh, of course I'm not at work! I brutally broke my back. Ouch.
A market is served by a two firm oligopoly selling differentiated products. One sells luxury items while the other specializes in a lower quality alternative. Each must decide on a low or high price strategy. The payoff matrix is given as follows:Low Quality/LuxuryHigh PriceLow PriceHigh Price110, 100105, 60Low Price125, 50110, 40a) If the game is played simultaneously, what is the outcome?b) Does the outcome change if the game is played sequentially?c) If the firms collude, is the outcome sustainable?
Answers
In this two-firm oligopoly, both firms sell differentiated products, with one offering luxury items and the other offering lower quality alternatives. They need to decide on a low or high price strategy. The given payoff matrix is:
Low Quality
High Price Low Price
Luxury High Price 110, 100 105, 60
Low Price 125, 50 110, 40
a) When the game is played simultaneously, the outcome is determined by the Nash Equilibrium. In this case, both firms choose a high price strategy, resulting in a payoff of (110, 100). This is because each firm, when considering its competitor's strategy, has no incentive to deviate from the high price.
b) If the game is played sequentially, the outcome may change. The first firm to move will consider the possible reactions of the second firm, and the second firm will make its decision based on the first firm's action. This could lead to a different outcome depending on the sequence of moves, as each firm anticipates the other's response.
c) If the firms collude, they could potentially reach a higher joint payoff. However, the sustainability of this outcome depends on their ability to maintain the collusive agreement. In this case, the collusive outcome may not be sustainable, as each firm has an incentive to deviate and lower their price to capture a larger market share. This could result in a price war, reducing the payoffs for both firms.
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You will see this graph, which depicts the effect of a hawkish Fed's monetary policy in the event of an adverse AS shock. Please explain your response simply.
Answers
Sure, the graph is showing the impact of a Fed policy that is focused on increasing interest rates (hawkish policy) when there is a negative shock to the economy's supply (AS shock). The graph shows that this policy can lead to a temporary decrease in output and employment in the short run, but it can also help to stabilize prices and prevent inflation from getting too high in the long run.
1. A hawkish Fed's monetary policy refers to a more restrictive stance on money supply, often by raising interest rates to curb inflation and stabilize the economy.
2. An adverse AS shock means that the economy experiences a sudden decrease in the supply of goods and services, leading to higher production costs and potentially higher inflation.
3. In the graph, you would typically see the AS curve shift to the left, representing the decrease in aggregate supply.
4. The hawkish Fed would respond by implementing a restrictive monetary policy, such as increasing interest rates.
5. As a result, the higher interest rates would decrease aggregate demand, causing the AD (Aggregate Demand) curve to shift to the left.
6. The new equilibrium point will be at a higher price level and a lower output level compared to the initial equilibrium, indicating higher inflation and lower economic growth.
In summary, the graph depicting the effect of a hawkish Fed's monetary policy in the event of an adverse AS shock would show a leftward shift in both the AS and AD curves, leading to higher inflation and lower economic growth.
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Pls help with step 3
I have until 11:59 to submit : (
6.02 Rethotic rev up
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A speech analysis of Martin Luther's 1950 speech should show the usage of ethos, pathos, and logos in the address.
How to write the analysisOn the occasion of the American Civil Rights movement in 1950, Martin Luther King gave an address titled "I Have a Dream." In this address, he employed strategies like pathos, logos, and ethos. The usage of pathos is seen in the appeal to the feelings of the people.
For instance, he mentioned the difficulties suffered by the blacks because of their race. He appealed to ethos by mentioning his status as a leader of the black group and a Baptist Minister. He also appealed to logos by referring to history.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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In business writing, the main idea of a written work should be located
a. At the end of the first paragraph
b. In the body of the document
At the beginning of the first paragraph
d. In the salutation of the document
C.
Please select the best answer from the choices provided
Ο Α
B
С
OD
Answers
Answer:
c
Explanation:
cccccccccccccccccccccccccc
Answer:
well i blive its c
Explanation:
A customer overhears a telephone conversation between her close friend and the friend's spouse, where the close friend mentions to her husband (who is the president of a large bank) how worried she is that she will have to move to California if her husband is successful in the takeover attempt of CalTrust Bank. The customer calls her sales representative at the broker-dealer where she maintains an account and places a market order to buy 1,000 shares of CalTrust Bank, which is immediately filled at $32.50 and then is reported by the agent to the customer. Who has violated the insider trading rules?
A The close friend
B The customer
C The agent
D All of the above
Answers
Explanation they heard something they shouldn’t have and made a move based on it which is highly illegal
in general, banks would prefer to acquire funds quickly by ________ rather than ________.
Answers
In general, banks would prefer to acquire funds quickly by the fed rather than the reduction of loans.
A sort of investment known as a fund gathers money from numerous investors. The funds are then invested in a range of stocks and bonds by fund managers. A percentage of the holdings in the fund are divided among each investor in the form of units.
Banks, and never the people, own stock within the Federal (Fed) Reserve Banks. National banks are obligated by federal law to be the Federal Reserve System participants and to own a specific percentage of the Reserve Bank's shares in the Fed Reserve area in which they are situated.
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Is 1st Financial bank legit?
Answers
1st Financial Bank, also known as 1st Financial Bank USA, is a regional bank based in South Dakota that offers various financial services including checking and savings accounts, loans, and credit cards. The question of whether 1st Financial Bank is a legitimate bank is an important one for consumers who are considering doing business with the bank.
To answer the question of whether 1st Financial Bank is legit, it's important to look at the bank's regulatory compliance and security measures. Keyword, all banks in the United States are required to follow strict regulations set forth by the federal government, including the Federal Deposit Insurance Corporation (FDIC). This means that 1st Financial Bank must adhere to strict standards for consumer protection, privacy, and security.
Another factor to consider is the bank's reputation and customer satisfaction. Keyword, online reviews, consumer reports, and forums can be a good indicator of the bank's reputation and the experiences of its customers. It's important to take these reviews into account when determining the legitimacy of a bank.
In addition to regulatory compliance and customer satisfaction, it's also important to consider the bank's financial stability. Keyword, this can be determined by looking at the bank's financial statements and ratings from credit rating agencies. A bank with a strong financial position and good credit rating is generally considered to be a safe and reliable option for customers.
In conclusion, 1st Financial Bank is a legitimate bank that is regulated by the federal government and is subject to strict standards for consumer protection, privacy, and security. Keyword, to determine whether the bank is a good fit for you, it's important to consider factors such as regulatory compliance, customer satisfaction, and financial stability. As with any financial institution, it is always recommended to do thorough research and consult with a financial advisor before making any decisions.
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The product of 59,736 and 600 is
A) 29,868,000
B) 34,761,600
C) 35,625,600
D) 35,841,600
Answers
Answer:
D) 35,841,600Explanation:
I Hope That's Correct ✓ :)
Step 1
You have been asked to help a business carry out a risk assessment. The owner isn’t too familiar with what he has to cover and which areas of the business should be considered. You need to create a simple plan for him to follow during the actual assessment. Your plan will cover the different aspects of risk assessment, such as business threats or financial risks and include examples of potential risks that may exist and affect the business in question. With your plan, the owner should be able to perform a thorough risk assessment later.
Step 2
The risk assessment has been carried out and fortunately has not uncovered any major problems. Now the owner wants your help in choosing the right kind of insurance for his business. Help him by writing a guide on what to consider when making this decision so that he chooses the right kind of insurance. Be sure to mention important factors such as the influence of the business’s location, the number of employees, and the industry they are in.
Answers
The aspects of the risk management would be:
identification of risksrisk management planthe monitoring and the review of the planWhat is to be done in order to access the aspects of the risk?Here is a simple plan for conducting a risk assessment:
Identify the potential risks: This includes identifying the different types of risks that may affect the business, such as operational risks, financial risks, and compliance risks. Examples of potential risks include natural disasters, data breaches, and changes in government regulations.
Assess the likelihood and impact of each risk: Evaluate the likelihood of each identified risk occurring and the potential impact it would have on the business. This will help prioritize which risks need to be addressed first.
Develop a risk management plan: Based on the likelihood and impact of the risks, develop a plan to address and mitigate them. This can include putting in place preventative measures, such as implementing security protocols to prevent data breaches, or creating a disaster recovery plan to address natural disasters.
Monitor and review the plan: Regularly review and monitor the effectiveness of the risk management plan and update it as needed to ensure it remains current and effective.
Communicate and educate: Communicate the risk assessment plan and any identified risks to employees, stakeholders, and other relevant parties, and provide training and education to ensure they understand their role in implementing the plan.
It's also important to have a professional help you with the risk assessment, since there are many standards and regulations that you need to comply with.
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With the kohl’s/amazon partnership, customers can purchase items from amazon online or through the amazon mobile app, process a return through their amazon account, and drop the item off at a kohl’s store without a box or label. This process is a great example of _______.
Answers
Answer:
a great return process
Explanation:
i used it very good and got my money back
With the kohl’s/amazon partnership, customers can purchase items from amazon online or through the amazon mobile app, process a return through their amazon account, and drop the item off at a kohl’s store without a box or label. This process is a great example of a omni-channel marketing
What is omni-channel marketing ?Omnichannel marketing is the combination and collaboration of different channels that organizations use to communicate with consumers with the goal of creating a unified brand experience. This includes physical (eg stores) and digital channels (eg websites). The goal of a multi-channel marketing strategy is to create a convenient, seamless user experience for consumers that offers many application possibilities. An omnichannel strategy can allow consumers to find and buy online, in-store or a combination of the two - for example, "buy online and pick up in store". Today, organizations from a variety of industries are adopting omnichannel strategies, including healthcare, retail, finance, technology and more.
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.What are some potential difficulties that you might encounter when doing business in the Chinese market?
Answers
Answer:
The answer is below
Explanation:
There are various potential difficulties one might encounter when doing business in the Chinese market. Some of which are:
1. Intellectual property issue: this is an area of business that is known to be one of the big issues in China. It is reported that a lot of inventors have problems in protecting their inventions, as many other competitors can just pick the invention idea and build on it without sanctions.
2. Governmental challenges: there is a huge issue of lack of transparency and corruption in China, most especially against foreign business owners.
3. Market Access: because of the diverse and big difference in consumers' consumption habits and distribution operations in China compared to other countries, most especially non-Indochina countries, will make the market access difficult for foreign business.
4. Consumer preference: consumers' preference in China is reported to be different and distinct compared to what is obtained outside China. Hence, foreign business owners will find it challenging to cope.
5. Bureaucracy: to obtain necessary licenses and permits in china requires going through a long process, which may even be more delayed to foreign business owners.
Neutronics makes four different models of gas identifiers. Next year, the company anticipates total overhead costs of $2.5 million. It also anticipates a combined 75,000 direct labor hours, 100,000 machine hours, 1,250,000 square feet occupied, and $5,000,000 of revenue across all its production lines. If Neutronics uses direct labor hours to allocate its overhead costs, the company's predetermined overhead rate should be: Group of answer choices
Answers
Answer:
Predetermined manufacturing overhead rate= $33.33 per direct labor hour
Explanation:
Giving the following information:
Next year, the company anticipates total overhead costs of $2.5 million.
Estimated direct labor hours= 75,000
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 2,500,000/75,000
Miguel choose to save for a car instead of traveling around Europe with friends. Though he was sad to miss the trip, he knew it was necessary if he wanted the car. What does this scenario BEST demonstrate?
A.
opportunity cost
B.
inflation
C.
passive income
D.
personal risks
Answers
Answer:
A. opportunity cost
Explanation:
Opportunity cost is the foregone benefit as a result of not choosing a particular option. It is the forfeited advantage in the decisions making process.
Miguel forfeited visiting Europe save for a car. He sacrificed the satisfaction of visiting Europe to buy the car. The sacrificed joy is the opportunity cost.
Answer:
opportunity cost
Explanation:
How do taxes influence responsible financial planning?
Answers
Answer:
Proper tax planning makes it easier to build your personal finances and afford the things you want. Additionally, by anticipating taxes when you create your financial plan, it's possible to significantly boost how much money you will have in retirement.
Explanation:
What are four things a great résumé shows employers?
Answers
Answer:
qualifications, meet the employer's needs, likeable, work well with others, appeal to both human and electronic reviews.
Explanation:
There are four things a great resume shows employers are:
Personal details.Education qualification.Skills.Working experience.What is resume?
The term “resume” is a formal document to present a job applicant with mention of specific details. The resume is a one- or two-page summary of a person's details, such as education, skills, and work experience. The resume is necessary to obtain the job. The resume is the effective to easily apply the job vacancy and selection.
The resume is a one-page summary of the document to cover all the details in the short sentence. The resume is more visual, such as creating the table of the qualifications and adding the passport-sized photo.
Personal information such as name, address, email address, and cell phone number should be included at the top of the resume. They always require that you have the necessary abilities and professional experience.
As a result, the resume must be included the personal details, qualification, skills, and experiences.
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Someone who creates attractive presentations of food dishes for magazines is called which of the following?
a. food stylist
b. research chef
c. personal chef
d. food preparation worker
Answers
Answer:A
Explanation:
Which element of a marketing plan outlines how products or services will be sold and delivered to customers?.
Answers
Advertising plan element of a marketing plan outlines how products or services will be sold and delivered to customers. The core of your marketing strategy is this.
Your marketing strategy should specify how you intend to connect with your target market at each step. Your Targeted Customer Is the Most Crucial Aspect of a Marketing Plan. Contributors to Entrepreneur are free to share their own opinions. The most crucial and ongoing task for any marketer is to understand their advertising target audience. The plan's marketing implementation section describes how marketing strategies will be put into practise. The performance evaluation lays out the criteria by which results will be assessed.
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Jessi has received a loan to start her new bakery. She wants to make sure that she spends the money wisely, getting all of the machinery, tools, and ingredients that she will need to make her bakery a success. What should Jessi make FIRST to make to make sure to manage her money so that she prioritizes what she needs for her bakery?
buying plan
sales forecast
profit margin
investment
Answers
Since Jessi has received a loan to start her new bakery, and he wants to make sure that she spends the money wisely, getting all of the machinery, tools, and ingredients that she will need to make her bakery a success. What she should make FIRST to make sure to manage her money so that she prioritizes what she needs for her bakery is a "buying plan" (Option A)
What is the definition of a "Buying Plan"?A buying plan, sometimes known as a buying club, is a sort of plan that obligates a buyer to purchase products on a fixed timetable, to acquire items that a seller may deliver without warning, or to pay membership fees in exchange for the right to purchase at a supposedly discounted price.
Goods planning and procurement is a systematic strategy used by retailers to predict merchandise inventory requirements and negotiate the best terms with suppliers.
Typically, retailers employ a centralized buyer or team of buyers that supervise the chain's purchasing process. They may have additional local or regional merchandise managers that supervise merchandise implementation in stores.
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Strategic Sourcing is a comprehensive approach for locating and sourcing key suppliers, so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace. true false
Answers
Strategic Sourcing is an integrated approach of finding and sourcing the most reliable and valuable suppliers so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace.
Strategic sourcing requires collaboration and communication with internal stakeholders and suppliers to ensure all requirements are met. It’s a long-term procurement strategy that takes into account several factors, such as supplier performance, quality, cost, delivery time, risks, and innovation.
By using strategic sourcing, organizations can reduce their procurement costs, increase their competitiveness in the marketplace, and achieve long-term business objectives. This approach also helps organizations to mitigate supply chain risks, ensure business continuity, and maintain their reputation.
In conclusion, the statement "Strategic Sourcing is a comprehensive approach for locating and sourcing key suppliers, so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace" is true.
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A couple is required by their lender to have a down payment of 20% of the purchase price of the home they want to buy. If the couple has saved $35,000, what is the most expensive home the couple can afford to buy? a. $63,000 b. $140,000 c. $175,000 d. $210,000 Please select the best answer from the choices provided A B C D.
Answers
The most expensive home the couple can afford to buy a home is $175,000 having a down payment of 20%.
The computation of the total amount of expenses for homeGiven,
The percentage of the down payment from the complete amount of purchase is 20%.
The total amount of saving by the couple is $35,000.
For calculating the maximum amount for buying the most expensive home the total amount of saving is assumed to be equal to the percentage of down payment.
Thus, if $35,000 is equal to 20% of the total amount then what will be the total amount?
This is computed as follows:
\(\begin{aligned}\text{Amount}&=\dfrac{\text{Total Savings}}{\text{\% of Down Payment}}\times100\\&=\dfrac{\$35,000}{20}\times100\\&=\$175,000\end{aligned}\)
Therefore, the maximum amount that can be afforded by the couple to buy the most expensive home is $175,000.
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Answer:
Answer is C $175,000 i believe could be wrong
Explanation:
Suppose the cross-price elasticity of demand between hot dogs and mustard is -2. 50. This implies that a 25 percent increase in the price of hot dogs will cause the quantity of mustard purchased to. Fall by 62. 5 percent since the goods are complements. Fall by 62. 5 percent since the goods are substitutes. Fall by 10 percent since the goods are complements. Fall by 10 percent since the goods are substitutes
Answers
A 25 percent increase in the price of hot dogs will cause the quantity of mustard purchased to fall by 62.5 percent since the goods are complements.
The cross-price elasticity of demand measures the responsiveness of the quantity demanded of one good to a change in the price of another good. A negative cross-price elasticity indicates that the goods are complements, meaning they are consumed together.
In this case, a cross-price elasticity of -2.50 implies that a 1 percent increase in the price of hot dogs leads to a 2.50 percent decrease in the quantity of mustard purchased. Therefore, a 25 percent increase in the price of hot dogs will result in a 25 * 2.50 = 62.5 percent decrease in the quantity of mustard purchased.
Hence, the correct statement is that a 25 percent increase in the price of hot dogs will cause the quantity of mustard purchased to fall by 62.5 percent since the goods are complements.
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reid incorporated received a $90,000 cash payment, of which only $50,000 was taxable income. if reid's marginal tax rate is 40%, compute reid's after-tax cash flow. multiple choice $54,000 $50,000 $30,000 none of these choices are correct.
Answers
Reid's cash flow was $70,000 after taxes ($90,000 in pre-tax cash minus $20,000 in tax on $50,000 in income).
The correct answer is none of these
Who Pays Taxes?Taxes are mandatory payments that citizens or corporations must make to their local, state, or federal government. Tax revenue is used to pay for public projects and programs like Medicare and Social Security as well as infrastructure like roads and schools.
What does it mean to be an excise tax?In the United States, the word "excise" has at least two different meanings: (A) anything tax other than a property tax and capitation (i.e., an excise is indeed an indirect tax in the sense of constitutional law); or (B) a tax that is simply referred to as an excise.
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