Matching the various economic systems (Market economy, mixed economy, traditional economy, and command economy) to their correct definitions follows:
What are the types of economic systems?The economic systems with their correction definitions include:
1. Market economy - D. an economy where price signals, resulting from supply and demand forces within the economy, determine the allocation of resources and the production of goods and services.
2. Mixed economy - B. an economy that takes elements from both a market economy and a command economy to allocate resources and determine the production of goods and services.
3. Traditional economy - C. an economy where culture determines both the allocation of resources and the production of goods and services.
4. Command economy - A. an economy where a central government determines both the allocation of resources and the production of goods and services.
Thus, the economic system has been matched to its correct definition.
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Suppose the price of a TV is $600 and there are two consumers in the TV market. Joe is willing to pay $700, and Isaac is willing to pay $550. How much consumer surplus exists in this market
If Joe is willing to pay $700, and Isaac is willing to pay $550. The consumer surplus that exists in this market is: $100.
Consumer surplusUsing this formula
Consumer surplus=Amount Joe is willing to pay-Price of TV
Let plug in the formula
Consumer surplus=$700-$600
Consumer surplus=$100
Therefore the consumer surplus that exists in this market is: $100.
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Using the spreadsheet above, enter the attained figures to obtain the sales growth for each marketing campaign. What was your increase in sales for each campaign (television, social media, and website)
The attained figures to obtain the sales growth is $4,000 (TV); $16,000 (Social Media); $3,000 (Web).
What is Sales growth rate?Sales growth rate is known to be one that looks at a company's strength to get revenue via sales over a fixed period of time.
Note that rate is used by your company to analyze internal successes and other issues and based on the above, The attained figures to obtain the sales growth is $4,000 (TV); $16,000 (Social Media); $3,000 (Web).
See full question below
Using the spreadsheet above, enter the attained figures to obtain the sales growth for each marketing campaign. What was your increase in sales for each campaign (television, social media, and website)?
A.$6,000 (TV); $12,000 (Social Media); $2,000 (Web)
B.$4,000 (TV); $16,000 (Social Media); $3,000 (Web)
C.$4,000 (TV); $18,000 (Social Media); $6,000 (Web)
D.$8,000 (TV); $14,000 (Social Media); $4,000 (Web)
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Which of these can prevent an accident in the workplace?
A. Not wearing appropriate gear
B. Ignoring safety procedures
O C. Being fatigued
D. Following safety procedures
Answer:
answer;D
Explanation:
A manufacturer of fishing equipment conducted a test of its products by giving them to eight fishermen who used them with the following results. Ed and Flo used a Hot Spot lure and caught no fish. Dan and Amy used a Trusty rod with a Husky reel, and Amy caught fish but Dan did not. Jake used a Sure Catch lure, a Best Bet rod, a Spiffy reel, and caught fish. Bill and Tim used a Husky reel, but only Bill caught fish. Kat used a Best Bet rod with a Husky reel and caught fish. Amy and Kat used a Sure Catch lure, but only Kat used monofilament line. Bill used a Trusty rod, monofilament line, and a Sure Catch lure. Flo and Tim used Best Bet rods, and both Tim and Dan used Dynamite lures. Finally, Flo used a Husky reel, Jake and Dan used monofilament line, and Ed used a Spiffy reel on a Trusty rod. What conclusion can the manufacturer draw about the power of this equipment to catch fish
The conclusion that the manufacturer can draw about the power of this equipment to catch fish is that the fishing equipment have different degree of catching fish.
What is conclusion?Note that there are a lot of fishing equipment that was given by the manufacturer such as Trusty rod with a Husky reel, Trusty rod, monofilament line, and others.
Note that they will not all function at the same level as they all have the extent to which they can catch fishes. Some may be faster than the others why some may attract fishes quickly.
Conclusively, The conclusion is that the fishing equipment have different degree or extent to catching fish.
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Each component of a spreadsheet is identified in a specific way. which spreadsheet component is identified using letters of the alphabet? in a spreadsheet application, a is identified using letters of the alphabet.
The spreadsheet component that is identified using letters of the alphabet is a Column.
What is a spreadsheet?
spreadsheet serves as a working environment of the software known as Excel which can be used for various tasks.
Therefore, the spreadsheet contain Columns which is put vertically that helps in creating works on the Excel.
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night talking time. Everyone allowed!
Answer:
if u want talk to me here I am
What is one of the most important components of the production
process?
A
new technology
B goods and services
I
C human resources
D
inputs and outputs
Answer:
C. human resources because every business needs someone to supervise.
.............
When the parties have not expressly agreed otherwise, Article 2 of the Uniform Commercial Code acts to __________ missing or open terms in a contract for the sale of goods between merchants.
Article 2 of the Uniform Commercial Code acts to fill in missing or open terms in a contract for the sale of goods between merchants.
What is contract?Contract refers to the agreement between the two parties which is enforceable by the law. The contract must include the monetary conditions and free will of both the parties.
Article 2 of the Uniform Commercial Code acts governs the sale of the goods which provides the rules no been mentioned in the contract by the parties in the written contract.
Thus the act provides the default rules and the gap fillers in the missing or open terms in a contract for the sale of goods between merchants.
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Consider an entrepreneur with the following investment opportunity. For an initial investment of $950 this year, a project will generate cash flows of either $1,425 next year or $1,188 next year. The cash flows depend on whether the economy is strong or weak during the year, with both scenarios being equally likely. The market value of the firm's unlevered equity today is $1,116.67. Investors demand a risk premium over the current risk-free interest rate of 5% to invest in this project. Given the market risk of the investment, the appropriate risk premium is 12%. The entrepreneur decides to raise part of the initial capital using debt. Suppose she funds the project by borrowing $660, in addition to selling equity. The debt is risk-free. a. According to MM Proposition I, what is the value of the levered equity? What are its cash flows if the economy is strong? What are its cash flows if the economy is weak? b. What is the return on equity for the unlevered and the levered investment? What is its expected return for the levered and unlevered investment? c. What is the risk premium of equity for the unlevered and the levered investment? What is the sensitivity of the unlevered and levered equity return to systematic risk? How does the levered sensitivity compare to the sensitivity of the unlevered equity return to systematic risk? How does its levered risk premium compare to the unlevered risk premium? d. What is the debt-equity ratio of the investment in the levered case? e. What is the firm's WACC in the levered case? a. According to MM Proposition I, what is the value of the levered equity? What are its cash flows if the economy is strong? What are its cash flows if the economy is weak? According to MM Proposition I, the value of the levered equity is $ (Round to the nearest cent.)
Answer:
b
Explanation:
Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. She prices the cupcakes at $0.50 each. With in 15 minutes she has sold all of her cupcakes, and through out the day teachers and students ask her if she has anymore.
This market model is in a [______]?
This is for a economics class I didn't know what catagory to pick
Answer:
Shortage
Explanation:
I got it correct because I watched the given recording.
Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. This market model is in a "competitive market".
Georgina operates in a competitive market characterized by high demand and a desirable product: her cupcakes. The price point of $0.50 each aligns with the perceived value which is resulting in swift sales within 15 minutes.
Subsequent inquiries from both teachers and students demonstrate sustained interest indicating that Georgina's cupcakes have achieved product-market fit.
Georgina's success in selling all cupcakes swiftly and generating ongoing inquiries highlights a well-balanced market equilibrium within the school community.
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(PLEASE ANSWER FAST!!) (19 POINTS)
One of the least important things you can do for yourself before you apply for a job is take an inventory of your skills and experiences.
A. True
B. False
Drivers become subject to the liability insurance law when accident damages amount to: 1. $100 to property of one person 2. $25 to property of one person 3. at least $1,000 to property of one person 4. $50 to property of one person
The drivers become subject to the liability insurance law when their accidental damage amount to at least $1,000 to property of one person.
What is an accidental damage?These refers to the damage caused to third party property or vehicle while using an insured car.
Here, the drivers become subject to the liability when their accidental damage amount to at least $1,000 to property of one person.
Therefore, the Option 3 Is correct.
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What countries are described as the economic Asian Tigers?
A. Tasmania, Madagascar, Sri Lanka, and Kenya
B. China, Japan, Vietnam, and Cambodia
C. Taiwan, Singapore, Hong Kong, and South Korea
D. India, Japan, Laos, and Burma
SUBMIT
Answer:
The answer is C
Explanation:
Hope this helps........if not then sorry for wasting your time and may God bless you
Use what you have learned about managing credit to complete the statements. one reason people choose to file bankruptcy is because some of their debt will be . a major consequence of bankruptcy is that it can an individual’s chances of receiving additional credit for .
Filing for bankruptcy can eliminate debt. A major consequence of bankruptcy is that it can harm an individual's chances of receiving additional credit.
What is bankruptcy?Bankruptcy can be defined as the inability of a person to payback debt or the amount borrowed.
Filing for bankruptcy can help to eliminate or clear a person debt and the disadvantage of bankruptcy is that the borrower may be unable to borrow another credit.
Therefore the complete statement is : eliminate/ harm.
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Answer:
eliminate
harm
7 -10 years
Explanation: edge 2022 (economics)
Does participant possess appropriate labor market information?.
A participant is supposed to be in possession of the labor market information.
What is labor market information?Labor market information, or simply LMI, is referred to as such an information where an individual can utilize the sources to make efficient and informed decisions in different aspects.
Hence, the participant has access to the labor market information.
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Sandra owns a small manufacturing business. At the end of a given accounting period, she hired the services of a tax accountant. How will the
tax accountant help Sandra's business?
A by increasing the business's tax refunds
B by helping decrease the business's Income tax liability
C by helping devise new tax policies for the business
D by helping the business avold all types of taxes
Linton Company has the following financial statement information: Current assets $20,000; Noncurrent assets $80,000; Current liabilities $20,000; Noncurrent liabilities $60,000; and Stockholders' equity $20,000. What is the debt to equity r
The debt to equity ratio of Linton Company is 0.25.
What is a debt to equity ratio?This is a financial ratio that indicates the relative proportion of shareholders' equity and debt used to finance a company's assets.
Debt to equity ratio = Stockholders' equity / (Current liabilities + Noncurrent liabilities)
Debt to equity ratio = $20,000 / ($20,000 + $60,000)
Debt to equity ratio = $20,000 / $80,000
Debt to equity ratio = 0.25
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Imagine you work in a factory that produces several types of bicycles. A county bureaucrat delivers a report listing numbers, types, and prices of bicycles the factory should make for the upcoming season. Which kind of economic system is this most likely to be? Explain
The economic system depicted in this example is a Command Economy since the government determines the production decision.
What is a command economy?A command economy is an economic system in which the following characteristics are prevalent:
Means of production are publicly owned.Economic activity is controlled by a central authority.Quantitative production goals and raw materials are allotted.A command economy is different from a:
Market EconomyTraditional EconomyMixed Economy.Thus, the economic system depicted in this example is a Command Economy since the government determines the production decision.
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Question 10 Fill in the blank: Since the project manager uses the project charter throughout the project, it acts like a _____ for the project.
Since the project manager utilizes the project charter throughout the project, it acts like a authority for the project.
What is a project charter in project management?During the project planning phase, the project charter defines out the project's goal, objectives, stakeholders, risks, assets, and dependencies, making it an essential document in project management.
For example, a person will learn what goes into a project charter and how to construct one in this section.
Thus, it is authority.
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Suppose that in a certain economy, the growth rate of the population is 1.2 percent and the real GDP growth per capita is 2.1 percent. The real GDP growth rate must be equal to:
Answer:
3.3 percent. (growth rate of the population + real GDP growth per capita = real GDP growth rate).
Explanation:
1. mcknight company is considering two different capital expenditure proposals. project a will cost $400,000, has an expected useful life of 10 years, a salvage value of zero, and is expected to increase net profit in year 10 by $70,000. project b will cost $310,000, has an expected useful life of 10 years, a salvage value of zero, and is expected to increase net profits by $55,000. a required rate of return of 9% is appropriate for both projects. calculate: a) the net cash flow in year 10 for projects a and b b) the present value of the net cash flows for projects a and b
Answer and Explanation:
The computation of the net present value and profitability index of each project is shown below;
The net present value
For the project 1
= Present value × PVIFA factor for 10 years at 9% - initial cost
= $70,000 × 6.4177 - $400,000
= $49,239
for the project 2
= Present value × PVIFA factor for 10 years at 9% - initial cost
= $55,000 × 6.4177 - $310,000
= $42,973.5
Now the profitability index is
For project 1
= ($70,000 × 6.4177) ÷ $400,000
= 1.12
And, for project 2
= ( $55,000 × 6.4177) ÷ $310,000
= 1.14
4-Define "Speculative
Risk" and provide an
example
Speculative Risk Definition:
Risk that results in an uncertain degree of gain or loss. All speculative risks are made as conscious choices and are not just a result of uncontrollable circumstances. -Loss -No loss -GAIN.
Example:
→ Gambling.
Gambling is a type of speculative risk, and the gambler engages in this activity expecting to finish with more money than she/he started with.
Which of the following statements are true? Multiple select question. An increase in consumers' income would decrease the demand for a normal good. A decrease in consumers' income would decrease the demand for an inferior good. An increase in the price of a normal good would decrease the quantity demanded of the good. A decrease in consumers' income would decrease the demand for a normal good.
Answer:
A decrease in consumers income would decrease the demand for a normal good.
An increase in the price of a normal good would decrease the quantity demanded of the good.
An increase in consumers' income would decrease the demand for a normal good, and An increase in the price of a normal good would decrease the quantity demanded of the good, are correct statement. Hence, option A and C are correct.
What is consumers' income?After-tax consumer income is the amount that can be deducted. It can also be defined as an increase in wealth, most notably as a result of work or investment.
An individual's personal income is the amount of money received. After-tax income is the net income after all applicable taxes have been deducted.
Consumer income levels are important for businesses because they influence how much money people have left over after paying their taxes and living expenses. Income is affected by employment and unemployment rates.
Thus, option A and C are correct.
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Information campaigns about tobacco hazards and taxes on tobacco are two ways to discourage its use. Which one causes a movement along the demand curve, without making changes to the demand curve itself
Information campaign on hazardous tobacco one causes a movement along the demand curve.
What is an information campaign?Information campaign's main motive is to provide the useful information to the people. The people in information campaign try to spread the awareness about the different things like save the girl child, equality above everything, say no to tobacco.
Thus, it is an Information campaign on hazardous tobacco.
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How the government has implemented measures to prevent anti_competitive behavior by firms
Molly exchanges land (adjusted basis of $85,000; fair market value of $78,000) used in her business and common stock held for investment (adjusted basis of $10,000; fair market value of $15,000) for a single parcel of land (fair market value of $93,000) to be used in her business in a like-kind exchange. What is Molly's recognized gain or loss
If Molly exchanges land (adjusted basis of $85,000. Molly's recognized gain or loss is $5,000.
Recognized gain or lossBusiness Common Land Stock
Amount realized $78,000 $15,000
Less Adjusted basis ($85,000) ($10,000)
Realized gain(loss) ($7,000) $50000
Recognized gain(loss) $0 $5000
Therefore If Molly exchanges land (adjusted basis of $85,000. Molly's recognized gain or loss is $5,000.
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Amani is the newly hired manager at MyCoffee, a global coffee roasting company. As part of her responsibilities, Amani often gives interviews to media outlets and speeches to community organizations. Amani is playing the role of a
Amani is playing the role of a spokesperson as she often gives interviews to media outlets and speeches to community organizations.
Who is a firm's spokesperson?This refers to an official that is for transmitting information about their organization and its goals to the people outside it.
Hence, in this case, she is playing the role of a spokesperson as she often gives interviews to media outlets and speeches to community organizations.
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An escrow needs two basic elements to be valid. The first is conditional delivery to escrow of funds and transfer documents. The second is a binding contract between the:
The second is a binding contract between the buyer and seller. As The first is conditional delivery to escrow of funds and transfer documents.
What is binding contract?Binding contract is the legal agreement that is enforced between the two parties. In this both the person or as many as the person are in the binding contract has to do their responsibilities, if one can fail in doing the responsibility than others can sue them.
Thus, it is buyer and seller.
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Copado has a new product management tool with features such as Sprint wall, capacity planner, SAFe compliant, Kanban board with quick actions, and SO much more. What is the name of this new product
The Copado Firm used a software based tool as its product management tool.
What is the new product management tool?These are management tool that are used in conceptualization, designing, developing and marketing the newly created goods or services.
A software based product management tool is used by Copado in development and creating of its new product.
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The following information has been taken from the perpetual inventory system of Elite Mfg Co. for the month ended August 31:Purchases of direct materials $60,000Direct materials used $50,000Direct labor costs assigned to production $25,000Manufacturing overhead costs incurred (and applied) $35,000Balances in inventory August 31 August 1Materials $? $25,000Work in Process $65,000 $47,000Finished Goods $60,000 $43,000The cost of finished goods manufactured in August is:____________A. $147,000B. $92,000C. $57,000D. Some other amount
Based on the various purchases and costs incurred by Elite Mfg Co., the cost of finished goods in August is B. $92,000.
What is the cost of finished goods?This can be found as:
= Direct material beginning inventory + Purchase of raw materials - Ending raw materials + Direct labor + Manufacturing overhead + Opening Work in process - Closing WIP
Solving gives:
= 25,000 + 60,000 - 35,000 + 25,000 + 35,000 + 47,000 - 65,000
= $92,000
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