The manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to –3. The firm's marginal cost is constant at $20 per unit.
Answer:
2/3P
$30
Explanation:
Here is the complete question
The manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -3. The firm’s marginal cost is constant at $20 per unit.
a. Express the firm’s marginal revenue as a function of its price.
b. Determine the profit-maximizing price.
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
An example of a monopoly is a utility company
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
If the absolute value of price elasticity is greater than one, it means demand is elastic.
Marginal revenue = price x ([tex]\frac{1 + E}{E}[/tex])
Where e = elasticity
MR = P x [tex]\frac{1-3}{-3}[/tex]
MR = 2/3P
Which of the following is true with respect to the auditors' report on summary financial statements?
A) Auditors can only issue a report on summary financial statements if they have expressed an unmodified opinion on the full financial statements.
B) The report will indicate whether the summary financial statements are fairly stated in relation to the full financial statements.
C) The report will express negative assurance on whether the summary financial statements are prepared in accordance with AICPA presentation guidelines.
D) The report will express an opinion on whether the summary financial statements present the financial condition, results of operations, and cash flows in accordance with generally accepted accounting principles.
Answer:
D) The report will express an opinion on whether the summary financial statements present the financial condition, results of operations, and cash flows in accordance with generally accepted accounting principles.
Explanation:
The only statement which is true is that which states : The report will express an opinion on whether the summary financial statements present the financial condition, results of operations, and cash flows in accordance with generally accepted accounting principles.
You are a network administrator for your company. A user calls and tells you that after stepping on the network cable in her office, that she can no longer access the network.
You go tot he office and see that one of the user's stiletto heels has broken and exposed some of the wires in the Cat 5 network cable. You make another cable and attach it from the wall plate to the user's computer.
What should you do next in your troubleshooting strategy?
- Establish what has changed.
- Recognize the potential effects of the solution.
- Document the solution.
- Test the solution.
Answer: Test the solution
Explanation:
Since the user called and said that she can no longer access the network after she steeped on the network cable, and another cable was made and attached from the wall plate to the user's computer, the next thing that should be done is to test the solution.
The solution should be tested in order to be sure that the solution that was provided worked. After this has been done, then documenting he solution and recognizing the effects can be done.
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Ithis list is in
order.
Zahn
Smith
Mason
Fitzpatrick
Billings
alphabetical
O incorrect
O ascending
O descending
which of these is the best example of psychological pricing
a.$19.99
b.$20
c.$55
d.$50.00
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Actually Welcome to the concept of Psychology.
Psychological pricing refers to the type of price which can make any customer think that the price is less, but in truth they count the same amount with a negligible difference from the original price.
Here the best example is,
A.) $19.99
here it refers as people are spending less money than $20 ,but in real there is negligible difference in both them hence, it is a psychological pricing.
The use of pricing to sway a customer's purchasing decisions or spending patterns is known as psychological pricing. The best example of psychological pricing is $19.99. Option (a) is correct.
What do you mean by Pricing?Pricing is the process of determining the value that a manufacturer will receive in exchange for their goods and services.
The psychological cost to the consumer is $19, not $20, if a product's price is $19.99 rather than $20. Therefore, $19.99 is a cheaper price than $20 for consumers. This tactic may help the product in the market sell more.
The use of pricing to sway a customer's purchasing decisions or spending patterns is known as psychological pricing. The objective is to satisfy a customer's psychological need, whether that need is to save money, invest in the best product, or receive a "good deal."
Therefore, Option (a) is correct. The best example of psychological pricing is $19.99.
Learn more about Pricing, here;
https://brainly.com/question/20703640
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On June 30, 20X4, Ank Corp. pre-paid a $19,000 premium on an annual insurance policy. The premium payment was a tax-deductible expense in Ank's 20X4 cash-basis tax return. The accrual-basis income statement will report a $9,500 insurance expense in 20X4 and 20X5. Ank elected early application of FASB Statement No. 109, Accounting for Income Taxes. Ank's income tax rate is 30% in 20X4 and 25% thereafter. In Ank's December 31, 20X4 balance sheet, what amount related to the insurance should be reported as a deferred income tax liability
Answer:
$2,375
Explanation:
Calculation to determine what amount related to the insurance should be reported as a deferred income tax liability
Using this formula
Deferred income tax liability=Accrual-basis income statement* Tax rate
Let plug in the formula
Deferred income tax liability=$9,500*25%
Deferred income tax liability = $2,375
Therefore The amount that is related to the insurance that should be reported as a deferred income tax liability is $2,375
Insurance is an example of a(n)_______
A) fixed cost
B) opportunity cost
C) variable cost
D) none of the above
Answer:
Based on my research I believe that the answer is 'A. Fixed Cost'.
Explanation:
I hope this was helpful, have a blessed day.
ANSWER
Based on my research I believe that the answer is A- Fixed cost
Explanation
Fixed cost are those cost which are not output dependent .
Fixed cost are fixed till certain level of output.
Fixed cost per unit charges with output.
I hope this was helpful
When monetary authorities set interest rates, what happens to the money supply? Why is money supply important in monetary policy?
Answer:
The monetary authorities affect interest rates, which have a direct impact on the money supply in the economy. When the Fed reduces interest rates, industries and businesses borrow more money because their interest expense reduces. They can borrow money at a lower interest rate. When businesses invest money in new projects, they create more jobs, which reduces unemployment. Thus, people earn more money and their disposable income increases, which increases consumer spending. Additionally, because of increased output, there are more products and services on the market for consumers to buy. The increase in demand could drive up the prices of goods and services.
When interest rates are high, businesses have to pay higher interest rates on loans. They borrow less money, which can lead to economic stagnation due to a paucity of new investments and higher unemployment. As unemployment increases, the spending capacity of people decreases, which can further stunt growth because there is less money in the economy. Thus, interest rates have a huge and direct effect on the money supply in the economy.Explanation:
If you have $21,000 in your FDIC insured bank account and your bank goes bankrupt, you will receive
A. $5,000
B.12,000
C.21,000
D.$42,000
E.Nothing
ILL MARK BRAINLLEST AWNSER ALL 9
1 What is a safe deposit box? What financial records are best kept in one?
2 What are liquid assets? What are non-liquid assets? What are some examples of each?
3 What are liabilities? Describe two different types of liabilities.
4 What is net worth?
5 What is budget variance?
Critical Thinking Questions
6 Why are financial records important? How does keeping organized financial records contribute to successful money management?
7. Create a cash flow statement for your own finances. Why are cash flow statements useful in managing money?
8. What are the characteristics of successful budgets? What can you do to cultivate these successful characteristics in your own money management?
9. What are the pros and cons of using the different types of budget systems? Which one do you prefer?
Answer:
Explanation:
1.A safe deposit box, also known as a safety deposit box, is an individually secured container, usually held within a larger safe or bank vault. Safe deposit boxes are generally located in banks, post offices or other institutions
2. he most common examples of non-liquid assets are equipment, real estate, vehicles, art, and collectibles. Ownership in non-publicly traded businesses could also be considered non-liquid. With these kinds of assets, the time to cash conversion is difficult to predict.
3. Current liabilities (short-term liabilities) are liabilities that are due and payable within one year. Non-current liabilities (long-term liabilities) are liabilities that are due after a year or more. Contingent liabilities are liabilities that may or may not arise, depending on a certain event.
4. it is a persons total worth.
5.Budget variance equals the difference between the budgeted amount of expense or revenue, and the actual cost. Favourable or positive budget variance occurs when: Actual revenue is higher than the budgeted revenue. Actual expenses are lower than the budgeted expenses.
6.Managing daily business activities such as paying bills. In order to best manage your money and responsibilities, you need to know what you owe, who you owe it to, and when you need to pay it.
7.Cash flow statements are useful in managing money because it helps you keep track of your financial record of income expenditures for a particular period of time.
8. well planned, realistic, spending habits, methods to keep track of spending and how to manage for variable expenses.
9.Mental budget:
PRO ⇒ easiest possible way of making a budget,
CON ⇒ isn't very accurate.
Physical budget:
PRO ⇒ quite simply, just place money on envelopes according to what things you should pay with them,
CON ⇒ cannot keep a exact record.
Write down the budget:
PRO ⇒ write down the budget on a notebook or an excel spreadsheet, writing down the budget helps to stick with it.
CON ⇒ you need to permanently check and adjust your budget.
Accounting or Financial software:
PRO ⇒ use software (e.g. Quicken) to help you create a budget that includes tax records and bank accounts.
CON ⇒ it is more complicated and you need to pay for the software.
Although transaction costs are reasonable, ASI has encountered financial problems with high production costs. Jonathan, a veteran employee of ASI, suggested to senior management that certain aspects of production may need to be handled by other, more efficient companies. Jonathan also suggested that the company might want to create a physical store to possibly increase its visibility and potential profits. He explained many disadvantages of operating solely through the Internet. Refer to Academic Standard, Inc. Amanda's interaction with ASI is an example of
Answer: B2B
Explanation:
Based on the information given, we can infer that the interaction of the employee with ASI is an example of B2B..
Business-to-business simply means a form of transaction that is done between businesses, such as between a manufacturer and the wholesaler. It doesn't take place between the producer and the consumer.
What action can you take to provide the most help to a team that has worked together for more than a year and is familiar with the project work
Answer: Aim should be reemphasized regularly, deadlines set and there should be a reward system.
Explanation:
Over familiarity breeds negligence or lost of steam or enthusiasm in a project. They are things that should be put into place to avoid being to familiar with projects and sleep on them;
- The aim and objective for which the was started should be reemphasized daily or weekly, this would help the team have it in mind that they would need to be on their best
- Deadline should be sets for smaller aspect of the project. The project should be split into phase and deadlines set to meet up each phase
- There should be a reward system. This strengthens the team to do more and make the team know that their value and input is well appreciated
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 9,188. The FICA tax for social security is 6.2% of the first $118,500 of employee earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,524.57. Her net pay for the month is:______ (Round your intermediate calculations to two decimal places.)
Answer:
$6,960.54
Explanation:
Gross payment = $9,188
Social security tax = 6.2% × $9,188 = $569.66
Medicare tax = 1.45% × $9,188 = $133.23
Federal income tax = $1,524.57
So, Net Pay = Gross Payment - Federal Income Tax- Social security Tax -Medicare Tax
By putting the value, we get
= $9,188 - $1,524.57 - $569.66 - $133.23
= $6,960.54
What is the difference between a wholesaler and a retailer?
Answer:
The main difference between wholesaler and retailer is that wholesaler are people who buy products in large quantities for reselling purpose to earn a profit whereas retailer is a person who sells products to the final consumer in small quantities.
Explanation:
What is meant by equal behavior
Answer:
Explanation:
Tose behaviour that demostrates equal towards other regardless of their religion, gender, caste, language etc. is called equal behaviour
Inflation is expected to increase steadily over the next 10 years, there is a positive maturity risk premium on both Treasury and corporate bonds, and the real risk-free rate of interest is expected to remain constant. Which of the following statements is CORRECT? A. The yield on 7-year corporate bonds must exceed the yield on 10-year Treasury bonds. B. The Treasury yield curve under the stated conditions would be humped rather than have a consistent positive or negative slope. C. The yield on 10-year Treasury securities must exceed the yield on 7-year Treasury securities D. The stated conditions cannot all be true they are internally inconsistent. E. The yield on any corporate bond must exceed the yields on all Treasury ; bonds.
Answer:
C. The yield on 10-year Treasury securities must exceed the yield on 7-year Treasury securities
Explanation:
Due to the fact that inflation would be rising steadily, the yield curve would be upward sloping. The yield curve would be humped if inflation is expected to increase the medium term and then decrease in the long term.
Due to increasing inflation, investors would want a higher rate of return in the long run compared to the short run. This would ensure that their purchasing power remains the same. Thus, the yield on 10-year Treasury securities must exceed the yield on 7-year Treasury securities
corporate bonds are more risky that treasury bonds. so, for the same maturity, investors would demand a higher return on corporate bonds than on treasury bonds
In the heading of a cover letter, which of the following formats should be used for the date?
A.
11/10/15
B.
Nov. 10, 2015
C.
November 10, 2015
D.
11.10.15
Answer:
C.
November 10, 2015
Explanation:
Which of the following is a fixed cost for a company that sells greeting cards online and mails the printed cards to customers?
Answer:
D
Explanation:
A. The paper and glue to make the cards B. Hourly workers who assemble and ship the cards C. Packaging and shipping costs D. A paper cutting machine
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.
Hourly wage costs and payments for production inputs are variable costs
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
Which of the following would be the best place to discuss your interests or extracurricular activities?
A. Internship
B. Cover letter
C. Résumé
D. Thank you letter
Answer:
B. A cover letter
Explanation:
An internship is a student working in an organization, a cover letter (which is the right answer) can state your interests or extracurricular activities to show your interest in taking the job, a resume is for your past job experiences and a thank you letter is... a thank you letter-
The Fed wants to fight inflation. What action should they take regarding the discount rate, the RR, or open market operations?
Answer: See explanation
Explanation:
Inflation is when there's a general increase in the price level in an economy. To tackle inflation, the Fed can increase the interest rate as this will discourage people or firms from borrowing and hence there'll be a reduction in the money supply.
Also, the Fed can sell bond to the public, thereby taking in the cash in the economy and reducing the money supply thus reducing inflation. Lastly, the Fed can also increase the reserve ratio for banks. When this is done, there'll be lesser money available in the economy.
how do i become brainless?
Answer:
If you're talking about brainliest then just answer a bunch of questions that you know the answer to and provide an explanation. You'll get one sooner or later. But if you're talking about actually going brainless, just donate your body to science. They'll probably remove your brain and experiment with it for a bit.
HELP PLZ! The price index for a certain item is at 4% inflation rate. How long will it take for the price to double?
Answer:
Time taken to double the price is 17.5 years
Explanation:
As per the rule of seventy,
Time taken for a CPI to get double is 70 divided by the rate of inflation
Substituting the given values, we get -
Time taken to double the price is 70/4 = 17.5 years
A new supermarket is being built. The country has required the owner to designate at least eight handicap parking spaces. The county installed a sign in front of each space to indicate that it is reserved for vehicles with a proper sticker. The sign also announces a $250 fine for violators.
The intention behind the sign is to announce to the community at large that there will be a stiff penalty to pay for violating the rule. The belief is that drivers who risk a small fine by parking illegally elsewhere, such as against the curb, will not risk the large fine for parking illegally in the handicap spaces. This point of view is known as ____________.
Answer: General deterrence
Explanation:
Based on the information given, the point of view is known as general deterrence.
General deterrence is the effect of a threat regarding legal punishment on everyone in the society or the public at large. The aim of general deterrence is to send a message to the public and this is done by making them fearful of the consequences when they commit a particular crime. In this case, the fine of $250 is to make the public fearful of violation of the rule.
The consumer decision making process is comprised of these five steps: Need recognition, Environmental Scanning, Evaluation of alternatives, Purchase, Postpurchase behavior Need recognition, Environmental Scanning, Prepurchase Behavior, Purchase, Postpurchase behavior Need recognition, Information Search, Evaluation of alternatives, Purchase, Postpurchase behavior Need recognition, Environmental Scanning, Prepurchase Behavior, Purchase, Cognitive dissonance Need recognition, Information Search, Cognitive Dissonance, Purchase, Postpurchase behavior
Answer:
need recognition, information search, evaluation of alternatives, purchase, and post purchase behavior
Explanation:
In simple words, A consumer refers to an individual who acquire a resource in exchange of money or some other resource, to satisfy his or her needs.
The customer decision-making process involves consumers becoming aware of and identifying their interests, gathering input about how to better meet those needs, weighing alternative possible choices, making a buying judgment as well as evaluating their investment.
The fact that more than one type of economic system exists in the world today is attributable MAINLY to the fact that
(A) there are numerous countries in the world
(B) people of different countries have different religious and political
ideologies
(C) each system is modeled to cope
with a different type of economic
problem
(D) different methods can be used to solve the same economic problem
Answer:
C
Explanation:
Different economic systems were created in the past to solve different issues/problems in separate conditions from other countries
Please Help. Career Explorations
What was the opening price of Dow Jones Industrial Average on Jul 09, 2018 in the format of XXXXX.XX?
Answer:
According to yahoo finance, the opening price of the Dow Jones Industrial Average on Jul 09, 2018, is 24519.20.
Explanation:
Dow Jones Industrial Average is a stock indicator of the top 30 companies of the US. Other indicators include NASDAQ Composite and S&P 500.
These indicators are used to assess the performance of the market on a subsequent day. From the historical data from the Yahoo Finance, the value for any day could be found which for July 09, 2018 is 24519.20.
True or false. The minimum hourly wage for covered workers is established under th authority of OSHA
The answer is false
OSHA standards only cover the workers safety and protect them from hazards
List five organizations where you could volunteer your services. Describe the type of work you might perform for each organization.
Answer: Five organizations I can volunteer my services are;
Total plc
Shell
Cheveron
Halliburton
Schlumberger
Explanation:
Five organizations I can volunteer my services are;
Total plc
Shell
Cheveron
Halliburton
Schlumberger
Total; I would work as a procurement officer. I would be helping the organization procure their items easily,fast and affordable from the right source
Shell; I would work as an a geologist, to identify locations where natural resources like crude oil can be found
Cheveron; I'll work as an I.C.T personnel
Halliburton; I'll work as a mechanical engineer
Schlumberger; I'll work as a mechanical instructor on air compressors
Direction: Fill the missing word/or group of words to complete the following statement.
1. Tools which are made of ________ should be kept clean and sanitized properly
in preparation for the next patron.
2. Empty bottles and containers are _________
in a covered trash bin.
3. Finger bowls must be _________ before use of every client.
4. Table tops and door handles are wiped with ___________
and the floor
should be mopped with disinfectant as well.
5._________ wastes should be disposed off as recommended by local
authority.
help me please, I need answers now
Answer:
explanation
Explanation:
steel
always
washed
cloth
plastic?