Buyers enjoy consumer surplus when the market price is lower than the highest price buyers are willing to pay; sellers enjoy producer surplus when the market price is higher than the lowest price sellers are willing to accept.
What is consumer and producer surplus?Consumer surplus is the difference between the highest price a consumer is willing to buy a good or service and the price of the good.
Consumer surplus increases as the price of the good decreases. When drawn on a graph, consumer surplus is the triangular area between the price of the good and the highest amount consumers are willing to pay for the good.
Consumer surplus = highest price the consumer is willing to pay – price of the good
Producer surplus is the difference between the price of a good and the lowest price the seller is willing to sell the product. The higher the price of a good, the higher the producer surplus.
Producer surplus = price – least price the seller is willing to accept
Producer surplus and consumer surplus are used to measure the total welfare in the economy.
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the company "Hives for Live" is both a ____ and a _______ organization at the same time
The company "Hives for Live" is both a partnership of Turco and a Reese organization at the same time. By definition, a partnership business consists of two or more individuals who pool their resources to create a company and agree to split the risks, rewards, and losses.
Law firms, medical groups, real estate investment firms, and accountancy groups are typical instances of partnership company. The simplest form of joint ownership for two or more people is a partnership. Limited partnerships (LP) and limited time liability partnerships are the two most prevalent types of partnerships (LLP). The three various forms of partnership are as follows: Partnership in general. collaboration with a limit.
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if 20 units of the end item are to be assembled, how many additional units of e are needed? (hint: you don't need to develop an mrp plan to determine this.)
When 20 units of the end item are to be assembled, the additional units that are needed is 138 units.
What is MRP?Material requirements planning (MRP) is a tool for inventory and purchase planning that determines the amount of dependent demand items such as raw materials, components, and subassemblies required to make a finished commodity in accordance with its demand-driven production schedule.
E depends on the B, C & D and B, C & D depends on End Item.
To assemble the 20 units of End Item.
Net Requirement of B = 20*2 - 10 (On Hand) = 40 - 10 = 30 units
Net Requirement of C = 20*1 - 10 = 20 - 10 = 10 units
Net Requirement of D = 20*3 - 25 = 60 - 25 = 35 units
Now,
Net Requirement of E = B*2 + C*2 + D*2 - On Hand
Net Requirement of E = 30*2 + 10*2 + 35*2 - 12
Net Requirement of E = 60 + 20 + 70 - 12 = 138 units
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which criticism is aimed toward university presses? a they produce mostly obscure books that only a handful of scholars read. b they focus on publishing only blockbuster books. c their alliances with commercial houses have driven up costs. d they don’t contribute to professors’ chances for tenure.
The criticism aimed towards the university presses is that they produce mostly obscure books that only a handful of scholars read.
A university press is an associate degree academic publishing house specializing in monographs and academic journals. Most are nonprofit organizations[citation needed] and an integral part of a large research university. They publish work that has been reviewed by students within the field. They manufacture primarily academic works however also usually have trade books for a lay audience. These trade books also get peer-reviewed.
Because scholarly books are principally unprofitable, university presses may publish textbooks and reference works, that tend to own larger audiences and sell additional copies. Most university presses operate at a loss and are backed by their owners; others are needed to interrupt even. Demand has fallen as library budgets are cut and the online sales of used books undercut the new book market. several presses are experimenting with electronic commercial enterprise
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Country a specializes in the production of rice because it can do so efficiently, but it imports electronics because it is not able to produce them as efficiently as the country they import from. What is this an example of?.
The production of goods for which it specializes in and the import of electronics for which it is not efficient in its production is an example of comparative advantage.
What is comparative advantage?Comparative advantage is a theory in economics that was developed by British economist, David Ricardo. According to this theory, a country should specialise in the production of good for which it has a lower opportunity cost in its production and it should import the goods for which it is not efficient in. The goods would be imported from the country that is efficient in the production of that good.
For example, assume that country A has an opportunity cost of 10 in the production of rice and an opportunity cost of 50 in the production of electronics. Based on the law of comparative advantage, Country A should specialise in the production of rice and should import electronics.
A similar theory developed by David Ricardo is the law of absolute advantage. According to the theory, a person has an absolute advantage in production if he produces more of a good when compared to other people.
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production at south side assemblers last quarter was 178,500 units. if the company expects to produce 9.5% less units this quarter, how many units do they expect to produce this quarter?
The units I would expect to produce this quarter given the percentage decrease is 161,542.50 units.
What is the units expected this quarter?Given the information provided in this question, the units produced this year would be 9.5% lesser than it was in the last quarter.
Percentage is the rate of an amount expressed as a number out of 100. The sign that represents percentage is %. In order to change a number to percentage format, multiply the number by 100.
Units produced this year = (1 - percentage change) x units produced last year
(1 - 0.095) x 178,500 units
0.905 x 178,500 units = 161,542.50 units
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dylan is working as a buyer’s licensee for sophia. when sophia wonders about the condition of the hvac system in the older home she is considering, what is the best advice dylan can give her?
Since Dylan is working as a buyer's licensee for Sophia, she can provide many useful advice to the Sofia.
A licensee has been granted legal consent by another party to carry on a certain business line over which that other party has some degree of ownership, control, or responsibility. The licensee may pay an advance charge (referred to as a licensing fee) or make a payment based on the income generated by the business deal (referred to as a licensing revenue).
Since Dylan is Sophia's licensee, she will give her advice regarding the heating, ventilation and air conditioning of the house. She will help her best to understand the situation of house what kind of benefits and problems are associated with the house that she will purchase and make her able to take best decision.
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a firm produces 400 units of output at a total cost of $1,200. if fixed costs are $200, question 35 options: average fixed cost is $2. average variable cost is $2.50. average total cost is $4. average total cost is $5.
Average variable cost is $2.50, if fixed costs are $200, As a firm produces 400 units of output at a total cost of $1,200. Hence, option C is correct.
What is the variable cost?A production expense known as a variable cost can go up or down in response to shifts in a company's manufacturing activities. For instance, the raw materials required to make a product's components are regarded as variable costs because they frequently change depending on the volume of units produced.
An expense that fluctuates in relation to production output or sales is referred to as a variable cost.
Thus, option C is correct.
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Jodi bought a new sofa for $1,240.
She made a down payment of $130 and paid off the balance in 18 months at $80 per month.
What was the amount of the finance charge?
A. $330
B. $1,570
C. $1,440
D. $140
If Jodi bought a new sofa for $1,240 and She made a down payment of $130 and paid off the balance in 18 months at $80 per month. The amount of the finance charge is: A. $330
Finance chargeUsing this formula to determine the amount of finance charge
Finance charge = [ (Balance to be paid in month × Amount per month) + Down payment ]- Cost of sofa
Let plug in the formula
Finance charge = [ ( 18 months × $80 per months ) + $130 ]- $1,240
Finance charge =($1,440 +$130) - $1,240
Finance charge = $1,570 -$1,240
Finance charge = $330
Therefore the correct option is A.
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If you use credit, what are you creating?
A.
A line of credit
B.
Debt
C.
Collateral
D.
A default
If you use credit what you are creating is debt. Hence the best answer to the question is option B.
What is the use of credit?This is the term that is used to refer to the card or the money that is gotten from the financial institutions that help them to take care of the needs that they may have at the particular time period.
Another definition iof the credit would be when a person gets money from the financial institution through the credit card that would have them be able to buy goods as well as services while they would have to pay for these at a later date back to the company.
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**Guys PLEASE HELP** PLEASE <3
Why were Zelkind and Livingston able to start 80 Acres Farm?
A) Using less fertilizer and pesticide gave them the money they needed to buy new plants.
B) The warehouse they wanted to use was already fitted with hundreds of diode lights.
C) Changes in LED lights made them more efficient and less costly than in the past.
D) Wealthy inventors gave them a large sum of money to buy the land they needed.
Answer:
i think Is D
Explanation:
because the others doesn't make sense
Anna, a technician, is helping a customer troubleshoot an issue where a server will intermittently become inaccessible to employees. Anna has completed researching the knowledge bases available. What should anna do next as part of standard troubleshooting methodology?.
Answer:
Establish a theory of probable cause.
Explanation:
Step 1. Identify the problem.
Step 2. Establish a theory of probable cause.
Step 3. Test the theory to determine the cause.
Step 4. Establish a plan of action to resolve the problem and implement the solution.
Step 5. Verify full system functionality and, if applicable, implement preventive measures.
Step 6. Document findings, actions, and outcomes
As part of the standard troubleshooting methodology, Anna should follow these steps. Verify the problem: Ensure that the issue reported by the customer is reproducible, and document any error messages or symptoms related to the problem.
What is troubleshooting means?Troubleshooting is a methodical approach to problem resolution. The goal of troubleshooting is to figure out why something doesn't work as it should and to explain how to fix it. The first step in troubleshooting is to thoroughly describe the problem.
Based on the symptoms and error messages observed, Anna should form a hypothesis or theory about the underlying cause of the issue. This may involve ruling out potential causes or testing various scenarios.
Test the theory to determine the cause: Anna should run tests or perform actions to validate or invalidate the hypothesis or theory.
Establish a plan of action to resolve the problem: Based on the results of the tests, Anna should develop a plan of action to resolve the problem.
Implement the solution: Anna should implement the plan of action and test the system to ensure that the problem is resolved.
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apartments is -unit apartment complex. when the apartments are 90% occupied, monthly operating costs total . when occupancy dips to 80%, monthly operating costs fall to . the owner of the apartment complex is worried because many of the apartment residents work at a nearby manufacturing plant that has just announced it will close in three months. the apartment owner fears that occupancy of her apartments will drop to % if residents lose their jobs and move away. assuming the same relevant range, what can the owner expect her operating costs to be if occupancy falls to %
The owner can expect her operating costs to be $204,080 if occupancy falls to 55%.
What is operating cost?The expenses associated with running a business, or with running a machine, part, piece of equipment, or facility, are known as operating costs or operational costs. They are the price an organization pays for the resources it uses just to stay in business.The continuing costs associated with conducting business on a daily basis are known as operating costs. COGS and other operating costs, which are frequently referred to as selling, general, and administrative charges, are both included in operating costs.Lease and rent payments, electricity bills, office supply costs, staff salary, and at the absolute least, bank fees are examples of this type of expense. These figures may also include accounting fees, legal fees, entertainment charges, travel costs, and sales and marketing costs.The operating cost computation is:
Operating cost if occupancy falls to 55%
Cost on (800 × 90%)
= 720 units is $220,040
Cost on (800 × 80%)
= 640 Units is $215,480
Variable cost/unit = (Change in the total cost) ÷ (the High activity - the Low activity)
= ($220,040 - $$215,480) ÷ (720 - 640)
= 4,560 ÷ 80
= 57/unit
The Fixed cost = The Total cost - The Variable cost
= $220,040 - (720 × 57)
= $179,000
Cost equation: Total cost = Fixed cost + Variable cost per unit
Y = $179,000 + 57X
Y = $1790,00 + (57 × 440)
Y = $204,080
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The complete question is:
Lakeview Apartments is an 800-unit apartment complex. When the apartments are 90% occupied, monthly operating costs total $ 220 comma 040. When occupancy dips to 80%, monthly operating costs fall to $ 215 comma 480. The owner of the apartment complex is worried because many of the apartment residents work at a nearby manufacturing plant that has just announced it will close in three months. The apartment owner fears that occupancy of her apartments will drop to 55% if residents lose their jobs and move away. Assuming the same relevant range, what can the owner expect her operating costs to be if occupancy falls to 55%?
What type of organism would live in deep sea vents, harness chemical energy spewing out of the vents to make sugar and be the beginning of the food web in deep sea ecosystems?.
Because they have evolved over time and are able to endure the harsh conditions of the deep sea vent, the species found in them constitute proof of evolution organism.
Natural selection plays a key role in evolution, species which is the process by which a species' features change over the course of multiple generations. The creatures are able to adapt to their surroundings and survive as a result of evolution. Within the gills of the mussels are symbiotic microorganisms. These bacteria use the compounds in the vent fluids as energy to create carbohydrates, just like the germs that live inside tubeworms. Among hydrothermal vent bacteria, green sulfur bacteria are distinct because they need both chemical energy (from hydrogen sulfide) and light energy to thrive organism. The majority of microorganisms Chemolithotrophs live at hydrothermal vents. These bacteria convert carbon dioxide to organic carbon by using reduced chemical species as energy sources, most frequently sulfur.
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a bank which must hold 100 percent reserves opens in an economy that had no banks and a currency of $150. if customers deposit $50 into the bank, what is the value of the money supply? a. $50 b. $100 c. $200 d. $150
The value of the money supply according to the bank’s open economy is $150
The Monetary base = currency = $150. If the bank holds 100 % of deposits as a required reserve, then the excess reserve will be 0 and therefore there are no loans.
So, the money supply will equal the monetary base = $150.
B = C + R states that the general public owns the monetary base as money or by the banks as reserves. For instance, a dollar withdrawal from the bank results in one increase in C and one decrease in R, leaving the total unaltered.
The total quantity of money produced by the central bank in a nation is known as the monetary basis, also known as base money, money base, high-powered money, and reserve money. This comprises:
the entire amount of currency in use by the public,plus the currency that is physically stored in commercial banks' vaults,plus the reserves kept by commercial banks in the central bank.The money supply, which includes all of the currency in circulation as well as specific non-bank deposits with commercial banks, should not be confused with the monetary base.
A finance ministry or the central bank may influence the monetary base while enacting monetary policy.
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budgeted customer support cost for liton company is $100,000 for the year and budgeted technician miles is 1,000 per year. liton company’s customer support activity rate is $ per mile.
If the budgeted customer support cost for liton company is $100,000 for the year and budgeted technician miles is 1,000 per year. liton company’s customer support activity rate is $100 per mile.
Activity rate per mile
Using this formula
Activity rate per mile =Budgeted customer support cost / Budgeted technician miles
Let plug in the formula
Activity rate per mile = $100,000 / 1,000 miles per year
Activity rate per mile = $100
Therefore If the budgeted customer support cost for liton company is $100,000 for the year and budgeted technician miles is 1,000 per year. liton company’s customer support activity rate is $100 per mile.
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del gato clinic's cash account shows an $13,563 debit balance and its bank statement shows $11,986 on deposit at the close of business on june 30. outstanding checks as of june 30 total $1,527. the june 30 bank statement lists a $90 bank service charge. check no. 919, listed with the canceled checks, was correctly drawn for $789 in payment of a utility bill on june 15. del gato clinic mistakenly recorded it with a debit to utilities expense and a credit to cash in the amount of $798. the june 30 cash receipts of $3,023 were placed in the bank’s night depository after banking hours and were not recorded on the june 30 bank statement.
All cash transactions are recorded by the business in its general journal under the cash account.
Adjusted bank balance = $13,563
Preparation of bank reconciliation statements
Del gato clinic's cash account shows
June 30
Bank statement balance = $11,986
Add: Bank deposit = $2,856
Total = $13,563
Deduct: Outstanding checks = $1,527
Adjusted bank balance = $11,582
($13,411 - $1,829)
DEL GATO CLINIC Bank Reconciliation
June 30
Book balance = $13,563
Add: Error in check =$9
($467 - $476)
Deduct: Bank charges =$90
Adjusted book balance = $13,563
($13,563 + $9 - $90)
Hence, adjusted bank balance will be $13,482 while adjusted book balance will be $13,482. So, all cash transactions are recorded by the business in its general journal.
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the corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $16 per machine-hour. the total cost that would be recorded on the job cost sheet for job 910 would be:
Job 910's total manufacturing cost is $5,754 which is the total cost that would be recorded on the job cost sheet if the corporation applies manufacturing overhead on the basis of machine-hours.
$2,422 in direct materials, then
Direct labor (76 direct labor hours × at $15 per hour) 1,140
Overhead (137 machine-hours × at $16/hour)
2,192
Job 910's total manufacturing cost is $5,754.
The formula required to calculate total manufacturing cost is typically expressed as follows: Total manufacturing costs are calculated as follows: direct materials + direct labor + manufacturing overhead.
Here is the complete question-
Job 910 was recently completed. The following data have been recorded on its job cost sheet:
Direct materials $2,422
Direct labor-hours 76 labor-hours
Direct labor wage rate $ 15 per labor-hour
Machine-hours 137 machine-hours
The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $16 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be:
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according to the expectations theory of term structure, response - correct responses yield curves should be equally likely to slope downward as to slope upward. yield curves should be equally likely to slope downward as to slope upward. - correct when the yield curve is steeply upward-sloping, short-term interest rates are expected to rise in the future.
According to the expectations theory of the time system of interest rates, the yields on financial assets of varying adulthoods are primarily related to market expectations of future yields.
What exactly are structure theories?The expectations theory, market segmentation theory, and liquidity preference theory are three theories that attempt to explain the term structure of interest rates. Because the term structure is difficult to observe in the market, spot and forward are derived from the coupon curve.According to the term structure's expectations theory, the long-term interest rate is a weighted average of current and expected future short-term interest rates. If short-term interest rates are expected to remain constant in the future, the long rate will equal the short rate (plus a constant risk premium).Assume that the current bond market offers investors a two-year bond with a 20% interest rate and a one-year bond with an 18% interest rate. The expectations theory can be used to forecast the interest rate on a one-year bond in the future.
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private label products are those that: group of answer choices are sold as government surplus. require nutritional labeling information. provide freshness information on the package. are distributed by all national chain stores. are sold by one chain of stores.
Private-label products are those that are sold by one chain of shops.
What is Private-label products?A private label product is one that is manufactured by a third party but sold under the retailer's own brand name. The retailer has complete control over the product or products. This includes the product's specifications, packaging, and everything else. Target, for example, sells branded snacks from companies such as General Mills and Frito-Lay, but it also sells its own chips and crackers under the Archer Farms brand, which is Target's private label brand. Private labeling is legal because a private labeling company does not try to pass off another company's products as their own. Instead, they create the product and pay a manufacturer to manufacture it.To learn more about Private-label products, refer to:
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using the model of demand and supply for u.s. dollars, what would you expect to happen to the u.s. dollar exchange rate if, in light of a worsening geopolitical situation, americans viewed foreign bonds as riskier than before?
The number of units of foreign currency stated per U.S. dollar will increase, representing a strengthening of the dollar, increasing the exchange rate.
Define foreign exchange rate.The foreign exchange rate is the cost of the local currency relative to another currency. The purpose of international exchange is to compare various currencies to show how they are valued in relation to one another.
The price of one currency represented in terms of another currency is known as the foreign exchange rate, sometimes known as the rate of exchange between two currencies.
Exchange rates for a currency can be either fixed or floating. The floating exchange rate is determined by market forces, while the fixed exchange rate is regulated by the central bank of the country.
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question mode multiple choice question a(n) activity includes those transactions and events that affect net income, including the purchase of goods and services, cash sales to customers, and payment of operating expenses. multiple choice question. investing operating financing noncash
A(n) operating activity includes those transactions and events that defines net income, including the purchase of merchandise, the sale of goods and services to customers, and expenditures to operate the business.
What is included in operating activities?The routine tasks a business performs to produce and sell its goods, generate money, as well as perform general administrative and maintenance tasks, are referred to as operating activities. Manufacturing, sales, advertising, and marketing activities are some of a company's main operating activities.
The actions and occurrences that affect net income are categorized as operating activities. For instance, the creation and acquisition of goods, the sale of goods and services to customers, and the costs associated with running the business.
The actions and occurrences that affect net income are categorized as operating activities. For instance, the creation and acquisition of goods, the sale of goods and services to customers, and the costs associated with running the business.
Therefore, the correct answer is option b) operating.
The complete question is:
A(n) _____________ activity includes those transactions and events that determine net income, including the purchase of merchandise, the sale of goods and services to customers, and expenditures to operate the business.
a) investing
b) operating
c) financing
d) noncash
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What is the role of an executor in estate planning? writing the will and making sure it is signed properly inheriting property and other assets after a person has died providing legal advice on the estate disposition process settling the estate according to what the deceased person wants
The rule of the executor in estate planning is the fact that they are responsible for settling the estate according to what the deceased person wants.
What is estate planning?The term called estate planning is one that is used to describe all of the ways that the tasks would have to do with the ways that the properties that have been owned by a person would have to be shared following the occasion of their death.
This is used to tell the person that has the tasks the ways that the estate would have to be distributed on the occasion of the death.
Who is the executor in estate planning?This is the term that is used to refer to the individual that has been appointed as the one that would have to carry out the tasks of administering the will and the testament of a person that has died based on the wishes of this person and the ways that they want things to be managed.
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Answer:settling the estate according to what the deceased person wants
Explanation: got it correct on edge
The video says only a handful of companies make eyeglasses and they mark them up 10 or 20 or more times. Markup pricing is best defined as deriving a price by _______.
The most accurate definition of markup pricing is arriving at a price by increasing the cost of the good by a certain proportion.
The required details for product in given paragraph
Bringing a product to market is done through product marketing. This entails selecting the product's positioning and messaging, bringing it to market, and making sure both salespeople and buyers comprehend it. Product marketing seeks to increase consumer interest in and use of the product.
The thing being sold is called a "product." An item or service can be considered a product. Physical, virtual, or cyberspace forms are all possible. Every good has a price because it costs money to produce it. The market, quality, marketing, and intended market group all affect the price that can be paid.
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you work for beulah burton. she directs you to determine what specific actions the furniture division needs to take in order to clean up the inventory system and to have the new system implemented effectively. what will you report?
What I will report is related to the inventory system and looking for a new effective system so that a company can keep pace with the development of technology.
Understanding technology is a science that studies skills in creating tools, processing methods, and extracting objects, to help solve various problems and everyday human work. There is also a mention that the definition of technology is all facilities and infrastructure created by humans to provide various goods needed for the survival and comfort of human life itself.
In the past, the meaning of technology was only limited to objects that have a form, such as machines and equipment. However, the meaning of technology has expanded and is not only limited to tangible objects but also to something intangible, such as methods, science, software, and others.
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micro, incorporated, started the year with net fixed assets of $76,300. at the end of the year, there was $98,100 in the same account, and the company's income statement showed depreciation expense of $14,030 for the year. what was the company's net capital spending for the year?
The business's annual net capital expenditures = $98,100 − 76,300 + 14,030 = $35,830
A company or entrepreneurial entity that engages in business, industrial, or professional activity is referred to as a business. Both for-profit and nonprofit organizations can operate as businesses. Limited liability firms, corporations, partnerships, and sole proprietorships are all examples of different business structures. The sole proprietorship, partnership, corporation, and S corporation are the four company structures that are used the most. The total amount of money spent by a company to buy fixed assets during a specific accounting period is known as net capital spending. In an effort to speed up production or service delivery, businesses that are experiencing rapid growth or are on an expansion drive frequently spend more on fixed assets. A company's cash flow statement's cash flow from investment activities is where CapEx may be found.
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According to the career contessa, which of the 4 main sections in a typical job posting is most important for determining if you are qualified for the job?.
According to the career contessa, out of the four key parts that are included in a standard job ad, the one under "Great Attitude" is the one that is most significant for deciding whether or not you are suitable for the position.
What kind of connection exists between having a positive attitude and doing well in one's career?This ultimately results in success, which might take the form of a promotion or increased compensation.
Productivity is increased when workers have a positive outlook since this makes them more engaged in the work they perform and the results they produce.
As a direct consequence of this, people produce work that is of better quality and has fewer errors. This results in an overall rise in their output and productivity.
Employees that have a good attitude are more productive than those who have a bad attitude. Managers have a responsibility to monitor the attitudes of their employees and address problems such as negativity and laziness.
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savannah is the owner of the 7-11 mini mart, sam is the owner of the superamerica mini mart, and together they are the only two gas stations in town. currently, they both charge $3 per gallon, and each earns a profit of $1,000. if savannah cuts her price to $2.90 and sam continues to charge $3, then savannah's profit will be $1,350, and sam's profit will be $500. similarly, if sam cuts her price to $2.90 and savannah continues to charge $3, then sam's profit will be $1,350, and savannah's profit will be $500. if sam and savannah both cut their price to $2.90, then they will each earn a profit of $900. for both savannah and sam, is a .
The clear result of this game is that both Savannah and Sam will reduce their price.
How to identify the decision that both are going to make?Taking into account the information presented, it can be inferred that Savannah and Sam have a monopoly on gas stations in their town. Additionally, they have an agreement to establish the rates in which they both charge the same price for their services and products to obtain the same profit.
However, according to the information, it can be shown that if either of the two lowers their rates, their profits will surely increase because customers will go to their gas station more frequently. However, the most likely result of this problem is that both lower their prices because this would allow them to attract more customers and have greater rewards, going from earning $500 to $900.
Note: This question is incomplete because there is some information missing. Here is the complete information:
Savannah is the owner of the 7-11 Mini Mart, Sam is the owner of the SuperAmerica Mini Mart, and together they are the only two gas stations in town. Currently, they both charge $3 per gallon, and each earns a profit of $1,000. If Savannah cuts her price to $2.90 and Sam continues to charge $3, then Savannah's profit will be $1,350, and Sam's profit will be $500. Similarly, if Sam cuts her price to $2.90 and Savannah continues to charge $3, then Sam's profit will be $1,350, and Savannah's profit will be $500. If Sam and Savannah both cut their price to $2.90, then they will each earn a profit of $900.
The clear outcome of this game is that:
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Match each description from the RIASEC inventory with the correct title.
We can actually deduce here that matching each description from the RIASEC inventory with the correct title, we have:
1. A. Independent and practical - Realistic
2. B. Logical and observant - Investigative
3. C. Creative and expressive - Artistic
4. F. Want to inspire, inform, train, and help others - Social
5. D. Prefer to influence, persuade and lead people - Enterprising
6. E. Organized, efficient and methodical - Conventional.
What is RIASEC?RIASEC is actually known to be an acronym for Realistic, Investigative, Artistic, Social, Enterprising, and Conventional. These are six personality types that was identified by Dr. John Holland.
According to John Holland's theory, he believes that most people are one of six personality types which refers to being Realistic, Investigative, Artistic, Social, Enterprising, or Conventional.
Thus, we see that those that are:
Realistic are independent and practical.Investigative are logical and observant.Artistic are creative and expressive.Social are those that want to inspire, inform, train, and help others. Enterprising are those prefer to influence, persuade and lead people.Conventional are organized, efficient and methodical.Learn more about RIASEC on https://brainly.com/question/28318450
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professor smith contracts to teach business law at state university for the academic year. after the first term is over, she quits. can state university get an order of specific performance or an injunction requiring professor smith to return for the second term?
Given that Professor Smith contracts to teach business law at a state university for the academic year and quits after the first term is over, Yes the state university can get an order of specific performance or an injunction requiring professor smith to return for the second term as long as the terms of the contract requires Professor Smith to do so.
What is a contract?A contract is a legally binding agreement that establishes, defines, and controls the mutual rights and duties of its parties. A contract usually involves the exchange of products, services, or money, or the promise to exchange any of these at a later period.
However, Professor Smith may claim that she is unable to continue, and this will be upheld by a court of law. One such justification to contract violation is "lack of ability."
This signifies that the individual from your company who made or signed the contract lacks the necessary capacity. For example, if the professor suddenly develops a disease that incapacitates her, then this argument will be upheld by the court.
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a company is evaluating which of two alternatives should be used to produce a product that will sell for $p per unit. the following cost information describes the two alternatives:
In order to create a product that will sell for $p per unit, alternatives should be used. The right response is 36.9.
What is product?
In the economic sense, a product is anything that may be sold to fulfill a customer's want or need. A service, a digital good, or a work are all examples of products in addition to real goods like an item in a store.
A product is the thing that's being sold. Products can be either services or tangible items. It could take on a real-world, digital, or electronic form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the sector all affect the price that can be charged.
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