Answer:
Economies of scale exits when more units of a goods or services are produced on a larger scale with (no average) fewer inputs costs.
External economies of scale can also be realized whereby an entire industry benefits from a development such as improved infrastructure.
Sort the following statements based on whether demand is relatively elastic or relatively inelastic. There are four pairs of statements, each pair relating to a different determinant of demand elasticity.
The correct matching of the given scenarios are"
Klaus' demand for orange juice- Relatively elasticAmanda's annual demand for coffee- Relatively elasticJackson's demand for mystery novels- Relatively inelasticHermy's demand for Minute Maid orange juice- Relatively inelasticOlivia's daily demand for Starbucks latte- Relatively inelasticStephen spends a very little part of his income on soda- Relatively elasticXavier's demand for his economics textbook- Relatively inelasticWhat is Elasticity of Demand?This refers to the substantial change in demand of a particular product as a result of an economic factor.
With this in mind, we can see that inelastic demand has to do with the situation where the demand does not change regardless of the price change.
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Why might someone choose to diversify their investments?
Answer:
When you diversify your investments, you reduce the amount of risk you're exposed to in order to maximize your returns. Although there are certain risks you can't avoid, such as systemic risks, you can hedge against unsystematic risks like business or financial risks.
Answer:
C: Reduce both risks and returns.
On Edge.
PLEASE ANSWER
Compare the major antitrust acts of the United States. Specify the intent and purpose of each, and draw conclusions about their effectiveness.
Some of the major antitrust acts of the United States are:
the Sherman Act;the Clayton Act; and.the Federal Trade Commission Act (FTCA).What is Antitrust Act?This refers to the federal laws which regulates the conduct of businesses to make sure that they engage in fair practises which helps to avoid monopolies.
With this in mind, we can see that the intent and purpose of the antitrust acts are to avoid monopolies, to ensure balanced competition and to avoid unlawful mergers.
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Which protects whistleblowers from retaliation?
a. MIPPA
b. PPACA
c. ARRA
d. HIPAA
Answer:
HIPAA
Explanation:
HIPAA stands for Health Insurance Portability and Accountability ActIt was passed in 1996.It protects whistle blowers from retailation
Recently, the United States imposed a 35 percent tariff on Chinese tire imports in the hopes of sustaining U.S. jobs in tire manufacturing. This addition of tariffs is an example of
Imposing the tariffs is an example of increasing protectionism.
What is protectionism?Protectionism are the various policies enacted on by the government of a country with the aim of protecting local industries or local production.
When goods are imported from a foreign country, it has the potential to discourage local production as the imported good may be cheaper. Imposing tariffs would help in limiting the encroaching of foreign products.
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Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 350 balloons each month. His largest competitor, Paul, sells 874 balloons each month at a price of $3.00 each. Levon estimates the total balloon market in town to be 2000 per month at an average price of $5.00 per balloon. What is Levon's relative market share based on units
The market share of Levon is 28%
Market Share of LevonTotal revenue of Levon is calculated:
$8 * 350 balloons = $2,800 per month
Total Revenue of the market:
$5 * 2000 balloons = $10,000 per month
Dividing Total Revenue of Levon with Total Revenue of the market
$2,800 / $ 10,000 = 0.28
Convert into percentage by multiplying with 100
0.28 * 100 = 28%
Conclusion
The market share of Levon is 28%
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As a concept, logos often refers to the what
Answer:
a universal divine reason, immanent in nature,
Explanation:
What economic challenge comes with being a contingency worker?
A.
It can be hard to predict how much money you will make.
B.
Much of the work comes with a salary and benefits.
C.
It means there are fewer applicants for full-time positions.
D.
There is little protection against unruly members of the public.
Answer:
answer is d
hope it helps
What are the factors of production of a gas station?
- land :
-labour :
-capital :
- entrepreneurship:
labor- ex: attendants who work gas station.
land - ex: physical space occupied.
capital - ex: gas tanks and pumps.
Answer:
labor-ex:attendants who work gas station.land - ex: physical space occupied.capital - ex: gas tanks and pumps.Explanation:
Unbundling is:
a. sorting claims upon submission to collect and verify information about the patient and provider
b. submitting multiple CPT codes when one code should be submitted
c. assigning lower-level codes than documented in the record
d. contracting out delinquent accounts to a collections agency
Answer:
[B] submitting multiple CPT codes when one code should be submitted
Explanation:
Distinguish between the two in operations management volume, variety and variation dimensions of canned fruit factory and hair salon
Answer:
Operation processes transform input into output in different ways, among them volume, variety and variation dimensions.
A canned fruit factory follows a volume dimension in the operation process. There is a high demand for canned fruits making it a high demand process whose high volume can be automated or standardized. This systemization leads to a lower cost base.
A hair salon uses a variety dimension in operation processes. Variety relates to a variety of goods or services being sold to customers. This increases sales and profit potential as opposed to offering one or two products. Hair salons have a lot of beauty and hair style offers.
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A participating provider (PAR):
a. is not allowed to bill patients for the difference between the contracted rate and their normal fee
b. does not contract with the insurance plan
c. is responsible for paying health care fees
d. may bill patients for the difference between the contracted, rate and their normal fee
Answer:
c
Explanation:
Answer:
[A] is not allowed to bill patients for the difference between the contracted rate and their normal fee
Explanation:
On May 1, 2020, Course Co. borrowed $16,000 and signed a three-year note bearing interest at 6% per annum. Interest is payable quarterly, starting on July 31. What amount should Course report as a liability for accrued interest on its December 31, 2021 balance sheet
The amount that Course Co. should report as a liability for accrued interest on its December 31, 2021 balance sheet is $240.
What is accrued interest?Accrued interest is an accounting expression that shows a liability for interest payment has been incurred for a loan but the payment has not yet been made.
For Course Co., it incurs accrued interest of $240 every quarter for the three-year note payable. Usually, the accrued interest is paid at the beginning of the next quarter.
Data and Calculations:3-year note payable = $16,000
Rate of interest = 6% per year
Date of loan = May 1, 2020
Interest payment = quarterly or 4 times annually
Interest per quarter = $240 ($16,000 x 6% x 1/4).
Thus, the accrued interest on Course Co.'s December 31, 2021 balance sheet is $240.
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Which one is NOT considered an universal virtue?
A. Respect
B. Honesty
C. Happiness
D. Responsibility
Answer:
B - happiness
Explanation:
cause it's not a must for a person to be happy
Nike purchases a patent that costs $12,000. The patent is sold 7 years later for $16,372. What is the nominal rate of return on this investment
The nominal rate of return on this investment is 4.5%.
What is the nominal rate of return?
In order to determine the nominal rate of return, the internal rate of return would be calculated. Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested.
IRR can be calculated with a financial calculator
Cash flow in year 0 = $-12,000
Cash flow in year 1 - 6 = 0
Cash flow in year 7 = $16,372.
IRR = 4.5%
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requiring Walmart to lower prices to ensure that small competing businesses are not disadvantaged is an example of
Answer:
It's an example of price control
Explanation:
The future value of an annuity of $1,000 each quarter for 10 years, deposited at 12 percent compounded quarterly is
The future value of the quarterly annuity compounded every quarter is $75,401.26.
What is the future value of the quarterly annuity?
The formula that can be used to determine the future value of the quarterly annuity is: Amount x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
r = interest rate = 12% / 4 = 3%n = number of years = 10 years x number of compounding = 10 x 3 = 30 yearsAnnuity factor ={ [(1.03)^40] - 1/} 0.03 = 75.401260
Future value = 75.401260 x 1000 = $75,401.26.
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True or false: Efficiency within pure competition can be temporarily disrupted by a change in consumer tastes.
It should be noted that efficiency within pure competition can be temporarily disrupted by a change in consumer tastes. Therefore, it's true.
What is competition?It should be noted that competition is important in marketplace as it acts as a regulating force.
In this case, efficiency within pure competition can be temporarily disrupted by a change in consumer tastes.
Therefore, the statement is true.
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To guide goodwill, employee and manager ‘intentions’ are informed by
In guiding goodwill, employee and manager "intentions" are informed by customer satisfaction.
What is customer satisfaction?Customer satisfaction is based on how efficiently and effectively a company's products or services meet customer expectations. Customer satisfaction increases customers' purchase intentions and loyalty. Measuring customer satisfaction with surveys helps the organization to predict its business growth and future revenue.
Thus, to ensure that the organization maintains its goodwill or good reputation with customers, the employees and managers must exceed customers' expectations.
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which of the following is a potentional benefit of joining a business-related student organization?
A developing texting skills
B developing artistic skills
C developing technology skills
D developing athletic skills
Correct answer: C
Answer:
C, Developing technology skills
Explanation:
Verified answers with Verified results.
What is the purpose of DSM-5?
Answer:
manual for assessment and diagnosis of mental disorders and does not include information or guidelines
What are some of the things you could do to benefit your community other than providing jobs and tax revenue?
Answer:
Volunteer work, charitable donations, or participating in community festivals and events are all common for small business owners. You may see a local car service sponsoring a youth sports team or a group of downtown merchants organizing a community trash pick-up day.
Explanation:
In the sentence They discussed four important issues at the meeting, the word at is a(n) ____.
preposition
adverb
conjunction
adjective
From the sentence, it can be deduced that "at" is used a preposition.
What is a preposition?It should be noted that a preposition simply means a word that is used before a noun or pronoun to show direction, place, time, etc.
In the sentence "They discussed four important issues at the meeting", the word at is a preposition. It is used to show where the issue took place.
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Nail polish and polish remover are related goods because they are frequently bought together. If nail polish becomes cheaper, what happens to the demand for polish remover?
A) Demand decreases by moving along the current demand curve
B) Demand decreases by shifting the demand curve to the left
C) Demand increases by moving along the current demand curve
D) Demand increases by shifting the demand curve to the right
Why?
Answer: The correct answer is D
Nate collected Social Security payments of $220 a month in Year 1. If the price index rose from 90 to 108 between Year 1 and Year 2, then his Social Security payments for Year 2 should have been a. $238. b. $264. c. $257. d. $228.
The social security payment that will be paid in this scenario will be B. $264.
How to calculate the social security paymentFrom the information given, Nate collected Social Security payments of $220 a month in Year 1 and the price index rose from 90 to 108 between Year 1 and Year 2.
Therefore, the Social Security payments for Year 2 will be:
= 220 × (108/90)
= $264
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If you borrow $2,000 at 5 percent simple interest, how much will you owe after one year?
A. you will owe the principal of $2,000 minus 5 percent of the principal
B. you will owe the principal of $2,000 only
C. you will owe the principal of $2,000 plus 5 percent of the principal
D. you will owe 5 percent of the principal only
THIS IS FOR FINANCIAL LITERACY
Answer:
c
Explanation:
A person will owe the principal of $2,000 plus 5 percent of the principal is the amount after one year. Hence, option C is correct.
What is principal?Principal is the actual amount that a person agrees to pay back, whereas interest is the amount of borrowing. Principal money is given by the lender to the borrower.
Formula of finding the out principal amount is Principal = Interest/ rate*time period.
Thus, option C is correct.
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Can a society address all of these goals
A society can address the important goals that are set for its resident's success.
5 Basic Goals of a SocietyThere are 5 basic goals that a society wants to accomplish however not all the goals are achievable at once but still plans can be made accordingly and eventually success will be the destiny.
The 5 basic goals of a society are
Security StabilityFull EmploymentEconomic FreedomEconomic GrowthTherefore a society can achieve its goal if its vision and mission are clear.
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An insurance settlement offer includes annual payments of $36,000, $42,000, and $50,000 over the next three years, respectively, with the first payment being made one year from today. What is the minimum amount you should accept today as a lump sum settlement if your discount rate is 7 percent?
A. $119,877.67
B. $111,144.18
C. $105,000.10
D. $118,924.27
E. $114,556.88
A journal entry that debits Raw Materials and credits Accounts Payable is recording the ______.
A. sale of goods
B. issuance of materials into production
C. purchase of materials
D. completion of goods
When you see a journal entry that leads to a debit of Raw Materials and a credit of Accounts Payable, this is a C. purchase of materials.
What happens when materials are purchased?As materials are an asset, the raw materials account will be debited to show that raw materials are increasing.
If the Accounts Payable is credited, it means that it is increasing as well because it is a liability. The transaction was therefore done by buying the materials on credit.
In conclusion, option C is correct.
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During the past month, Jennifer Johnson had income of $3,500. During the month, her net worth declined by $300. If no other financial activities occurred, this means Jennifer's payments for the month were:
If no other financial activities occurred, this means Jennifer's payments for the month were $3,200.
What is income?Income is the money that a person gets by giving his services to a company common industry or as a freelancer. Income is used for paying house bills, food bills, and other bills of the person.
Companies engage in financial operations to further their goals and objectives in terms of the economy. They consist of occurrences and acts that have an impact on a company's equity and long-term liabilities. Financial activities include all actions involving the inflow and outflow of cash.
Income of Jennifer Johnson in the past was $3,500
Her income declined by $300
$3,500 - $300 = $3,200
Therefore, the income of Jennifer's payments for the month was $3,200.
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