A customer buys 100 shares of an investment company and pays the market price plus a commission. the investor has purchased Closed-end investment company.
What are closed-end investment companies?Major conclusions. Investment firms known as closed-end funds have shares that can be bought and sold publicly, just like stocks or exchange-traded funds (ETFs). When shareholders purchase or sell shares, no money moves into or out of the funds. Shares can be bought and sold publicly, much like stocks.The primary distinction between the two is that while a closed-end company makes a single offering of its shares, an open-end corporation continuously offers its shares. A continuously offered share of a redeemable open-end investment corporation is one that is available.To learn more about closed-end investment refer to:
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an agreement that establishes a price with the intent to purchase the assets of a business should one of the parties to the agreement predeceases the other is called a .
An agreement establishing a price with an intent to purchase the assets of a business should one of the parties to the agreement predecease the other is called a buy-sell agreement.
A buy-sell agreement is an agreement between co-owners of the business. It is applicable in situations like the death of a co-owner, a co-owner leaving the business, or the co-owner being asked to leave the business.
It is also known as a buy-out agreement. In most buy-sell agreements, the shares in the business are sold to the remaining business partners. Some of the common buy-sell agreements are entity-purchase and cross-purchase.
The cross-purchase agreement allows the remaining co-owner to buy the shares of the deceased co-owner. In an entity-purchase, the remaining co-owner buys the shares from the co-owner leaving the business.
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which of the following is not a factory overhead cost? multiple choice indirect labor costs. selling expenses. factory rent. indirect materials costs. maintenance costs.
The correct option is selling expenses is not a factory overhead cost.
Define the term overhead cost?The expenditures involved in running a firm that aren't related to developing or manufacturing a good or service are known as overhead costs, often known as overhead as well as operating expenses.
They are the costs a business must pay to remain open, regardless of how successful it is.The type of business a corporation operates in determines its overhead expenses. The expenses of a retailer will be distinct from those of a crafter or a repair shop.Typical illustrations include:
Rent\sUtilities.Insurancepay that is not related to a particular work or product.office supplies including computers and phones.office equipment.There are three categories of overhead expenses:
Rent is an example of a fixed expense because it is the same each month.Variable: Depending about how busy the company is, variable costs rise or fall.Thus, factory overhead costs such as labor costs, facility rent, indirect material costs, and maintenance costs are all included, but selling expenditures are not.
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judicial activism has become an important political issue because:
Judicial activism has become an important political issue because conservatives have argued that judges are acting as legislators on issues such as same-sex marriage.
Proponents of judicial activism guide the use of the judiciary's energy of review. They consider that judicial interpretation of laws is the suitable vehicle for developing prison requirements and must be used each time justified by the desires of society or public sentiment.
Detractors of judicial activism price that it usurps the energy of the elected branches of government and of legislatively created businesses, unfavorable to the guideline of law and democracy.
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if the nominal money supply rises by 6 percent, the price level rises by 4 percent, and output rises by 3 percent, then, according to the quantity equation, income velocity rises by: a. 13 percent. b. 7 percent. c. 3 percent. d. 1 percent.
The correct option d. 1 percent; is the income velocity rises.
Define the Quantity Theory of Money?This quantity theory of money in monetary economics describes how the national income relates to the money supply and velocity. In a nutshell, it refers to how money and things flow in a market economy. Economic growth follows the occurrence of monetary growth.The quantity theory of money states that: where M is the money supply, the formula determining velocity of money is:
MV = PQ
V = PQ/M
V is the speed of money.
Price level is P.
output level Q
Assume that at level 100, both nominal money supply, its price level, and the production are all in equilibrium. Money velocity will also become 100 with this.
Let's say that the increase in the aforementioned factors coincides with economic expansion.
The nominal money supply would be 106 at that point, along with the price level and production both being 104.
V = PQ/M
V = (104 x 103)/ 106
V = 101.05
Thus, the velocity of money is shown to have increased by 1% when these values are substituted in the formula.
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a health insurance policy pays 80 percent of physical therapy costs after a deductible of $500. in contrast, an hmo charges $30 per visit for physical therapy. how much would a person save with the hmo if he or she had 12 physical therapy sessions costing $125 each?
With the HMO, a person would save $340 for his or her 12 physical therapy sessions.
HMO stands for Health Maintenance Organization and that is a type of health insurance plan that usually limits coverage to care from doctors who work for or contract with the HMO.
Now, let's try to calculate how much would a person save with the HMO.
Health insurance policy =
Coinsurance expenses = Total expenses - Deductible
= (12*125) - $500 = $1000
Insured's cost = Deductible + ((1 - Coinsurance percent) * Coinsurance expenses)
= $500 + ((1-0.80) * 1000) = $700
HMO :
Insured's cost = Number of visits * cost per visit
= 30 * $12 = $360
Insured's savings with HMO = Health insurance policy cost - HMO cost
= $700 - $360 = $340
Therefore, the person will save $340 with the HMO.
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A company needs construction equipment to complete a project over the next 20 months. The equipment costs $10,000. Instead of purchasing the equipment with a 12% note, the company leases the equipment with payments of $300 due at the end of each month. For what amount would the company record the lease liability at the beginning of the lease?.
$5,414 amount would the company record the lease liability at the beginning of the lease.
The correct answer is $5414
Explanation and Format
Lease liability = monthly lease payment * Present value annuity (1%,20)
= 300 * ((1-(1.01)^-20)/.01)
= 300*18.04555
= $ 5414
Thus the correct answer is $ 5414
A lease liability is the present value-discounted financial obligation for the lease's required payments. The present value of the remaining lease payments over the lease term is used to determine the lease liability under ASC 842, IFRS 16, and GASB 87. On the balance sheet, the lessor lists the lease as an asset and the individual lease payments as income on the income and cash flow statements. They also have to take into account the asset's deterioration over time. The right-of-use (ROU) asset and lease liability associated with a lease will be listed on the balance sheet. The ROU asset denotes ownership of the asset under the lease contract, whereas the lease liability is the obligation to make payments over the lease's term.
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Which approach suggests that a manager believes that employees should be involved in both defining problems and in designing the solutions?
a. Maslow's Hierarchy of Needs
b. Enloe's First Involvement Theory
c. Taylor's Scientific Management
d. McGregor's Theory Y
According to McGregor's Theory Y method, a manager might think that workers ought to be involved in both problem-solving and problem-definition.
One of the theories that has a significant impact on both management and employees is McGregor's theory. Additionally, McGregor's descriptions of two different theories, namely Theory X and Theory Y, are further explained below along with each theory's central tenets.
According to Theory Y, a manager's positive perception of their team problem-solving members will increase employee motivation. Managers erroneously McGregor's Theory Y believe that a decentralized approach that strengthens teamwork, collaboration, and trust can address employee demotivation.
Contrary to Theory X, this theory holds that managers do not believe that problem-solving control motivates workers. The team members must be motivated by McGregor's Theory Y meeting their needs for social interaction, self-actualization, and self-esteem.
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question content areaconsider derek's budget information: materials to be used, $64,750; direct labor, $198,400; factory overhead, $394,800; work in process inventory on january 1, $189,100; and work in progress inventory on december 31, $197,600. what is the budgeted cost of goods manufactured for the year?
Materials to be used, $64,750; direct labour, $198,400; factory overhead, $394,800; work in process inventory on january 1, $189,100; and work in progress inventory on December 31, $197,600.
Cost of goods manufactured = Direct materials + Direct labour + manufacturing overhead + Opening WIP - closing WIP
$64750 +$198400+$394800 + $189100-$197600
$649450.
Therefore, the budgeted cost of goods manufactured for the year is $649450.
How to calculate cost of goods manufactured?
To calculate the manufacturing cost, the direct material, direct labor, and manufacturing overhead costs must be added together to get the company's total manufacturing cost. Next, add the initial work in process from the total manufacturing cost and subtract the final work in process to get the manufacturing cost.
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Costs that have no impact on future cash flows and are irrelevant to decisions are ______ costs.
Costs that have no impact on future cash flows and are irrelevant to decisions are irrelevant costs.
Positive or negative costs that wouldn't be impacted by a management decision are referred to as irrelevant costs. Therefore, when that choice is taken, irrelevant costs like fixed expenses and sunk costs are disregarded. However, in order to possibly preserve the company, a manager must be able to recognize an unnecessary expense. Costs that won't be impacted by a managerial choice are irrelevant costs. Expenses that will be impacted by a managerial choice are relevant costs. When you choose one course of action over another, irrelevant expenses won't change in the future. Sunk costs, committed expenditures, and overhead are a few examples of unnecessary expenses because they cannot be avoided.
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as of 2016, how well had axel springer turned disruptive technological change into sustainable change within its core german market?
Owing to the thrill and foresight of business executive Matthias Dopfner, German business and content large Axel Springer and its dynamic move to digital were entrenched within the firm's strategy and angle by 2016.
Change new leaders usually create efforts because the board chooses them to try and do, therefore. These leaders usually have less trust in the workforce compared to the folks they were already operating with over the years.
Change efforts produce associate degree surroundings of uncertainty within the organization that impacts not solely the productivity within the organization but additionally the amount of trust within the organization.
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how did industrial production change the manner in which mass produced goods were marketed and sold?
In order to enhance availability and facilitate more sales, mass manufacturing allowed firms to produce things more quickly and distribute them more broadly.
Sales are actions associated with selling or the number of items sold during a specified time frame. Sales could include the provision of services in exchange for payment.
When a purchase, appropriation, requisition, or direct engagement with the customer occurs at the point of sale, the seller or provider of the goods or services completes the sale. There is a transfer of title (property or ownership) of the object and a price settlement, in which a price is agreed upon for which the transfer of ownership of the item will take place. The sale is normally executed by the seller, not the buyer, and it is possible for it to be done before the buyer is obligated to pay. Whenever there is an indirect interaction.
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the net present value (or npv) criteria for capital budgeting decisions assumes that expected future cash flows are reinvested at , and the internal rate of return (or irr) criteria assumes that expected future cash flows are reinvested at . group of answer choices the internal rate of return; the internal rate of return the internal rate of return; the firm's discount rate the firm's discount rate; the internal rate of return neither criteria assumes reinvestment of future cash flows
Net present value is the difference among the current worth of cash inflows and outflows over time (NPV). In capital budgeting and investment planning, NPV is used to determine the profitability of a planned investment or project.
What is Net present value:
Using the appropriate discount rate, computations are performed to determine the current value of a stream of future payments, or NPV. Projects that have a positive NPV are generally worthwhile pursuing, whereas those that have a negative NPV are not.
Using net present value, one may calculate the current value of a series of payments from a company, project, or investment (NPV).To calculate NPV, you must forecast the timing and size of future cash flows and select a discount rate that is equal to the least permissible rate of return.The discount rate may reflect your cost of capital or the returns offered by alternative investments with comparable risk.A project or investment will have a better rate of return than the discount rate if the NPV is positive.Net present value (NPV), which takes time value of money into account, can be used to compare the rates of return of various projects or to compare an anticipated rate of return with the hurdle rate required to accept an investment. Because it represents the time value of money in the NPV formula, the discount rate, which is dependent on a company's cost of capital, may be a hurdle rate for a project. Regardless of how the discount rate is determined, a negative NPV suggests that the project will not generate value because the expected rate of return will be lower than it.
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Select the correct answer from each drop-down menu.
is a writer’s early attempt at writing a full message. It is rough and can’t be
until it is revised and edited.
DRAFT is a writer's early attempt at writing a full message. It is rough and can't be PUBLISHED until it is revised and edited.
What is a writer?A writer can be defined as a person who writes about something if can be regarding a book or a beginning. Also, it can be a person's optimation as the lesson hobby that he or she incorporates. It can be related to the person's life or something that they think about.
A draft is one tells that what is author intending to tell or speak. It will not be published as it is a rough key a confirmation that is to be subjected and attitude before the writing of printing.
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consider two rival firms competing in the headphone market. which of the following product mix decisions are most likely, according to the relevant economic theory? the two firms will attempt to imitate one another as closely as possible. make different types of products at varying levels of quality to differentiate themselves as much as possible. offer similar types of products but differentiate based on product quality, features offered, and availability. offer different product types but manufacture them to similar levels of quality.
Offer similar types of products but differentiate based on product quality, features offered, and availability, product mix decisions are most likely, according to the relevant economic theory. Therefore option C is correct.
What is an Economic Theory?The production, consumption, and distribution of goods and services are the main topics of economic study. It entails the investigation of these actions' execution, coordination, and impact on societal and individual well-being. The study of money, banking, and finance is included in the field of economics.
An economic theory is a model that economists employ to study, forecast, and comprehend economic phenomena, as was before said. Each theory is predicated on a set of assumptions about the circumstances, connections, and interconnected elements of the economy.
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high beta stocks have which of the following? group of answer choices higher non-diversifiable risk than now beta stocks. higher diversifiable risk than now beta stocks. higher total risk than low beta stocks. none of the responses is correct.
High beta stocks have higher total risk than low beta stocks.
What are High Beta Stocks?A stock with a beta above 1.0 fluctuates more than the market over time. A stock's beta is less than 1.0 if it moves less than the market. Low-beta stocks carry less risk but have lower potential returns while high-beta stocks are considered to carry greater risk but have larger potential returns. Stocks with a high beta have positive returns that are magnified versions of the S&P 500 returns. These stocks often excel in bull markets but can significantly underperform in bear markets as a result of this amplification.
Hence, High beta stocks have higher total risk than low beta stocks.
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transatlantic air travel in business class has an estimated elasticity of demand of 0.40 less than transatlantic air travel in economy class, with an estimated price elasticity of 0.62. why do you think this is the case?
The economic class is more elastic than the business class, which is why the elasticity of demand for business is 0.62 and for economy is 0.12.
They wouldn't be significantly impacted if the price of a business class flight increased because they are wealthy and can afford it. The price increase does not particularly concern them.
An increase in ticket cost would have an impact on the typical traveler who takes an economy trip, and he might end up reducing demand.
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Bruno wants to communicate to the CEO of his company about a new idea he has. What is the BEST way for Bruno to approach the CEO about this idea?
send a lengthy email spelling out the details
talk to the CEO on their way into the office
focus on the process rather than the outcomes
be concise and straight to the point
The best way for Bruno to approach the CEO and communicate about the idea that he has is to be concise and straight to the point.
How to communicate to your boss?When you need to communicate to your boss, you need to take into account a number of things. One of them is the chain of command to see how to approach the boss without steeping on the toes of your other supervisors. But perhaps the most important thing to remember is that your boss is involved in many more activities than you and so can be quite busy.
This is especially true in the case of a Chief Executive Officer (CEO). Because a CEO is very busy, talking to them requires that you take advantage of your time as much as possible. Bruno in this instance, needs to be as concise and straight to the point as possible so as to get the CEO to listen, with the little time that Bruno has with them.
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suppose that there are n risky assets in an economy, each being the single claim to a different firm (hence, there are n firms). then suppose that some firms go bankrupt, i.e., their single stock disappears; how is the efficient frontier altered?
If there were numerous firms, the outcomes would still be the same because there is only one period and N consumers, each of whom has preferences given context.
How does the efficient frontier vary as more stocks are added to portfolios? What is the efficient frontier?The collection of ideal portfolios known as the efficient frontier provides either the lowest risk or the highest projected return for a specified level of risk. Because they do not offer sufficient return for the level of risk, portfolios that are below the efficient frontier are not ideal.
How can you figure out a three asset portfolio's variance?The weighted average of the securities, multiplied by the covariance of the securities, multiplied by two, plus the squared weight of each asset, is added to determine the portfolio variance of the securities in a portfolio.
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you value your economics textbook at $10. someone else values it at $25, and that person is willing to pay you $20 for your textbook. would selling your textbook to this person for $20 be pareto efficient? a. no, because you did not receive the maximum amount the other person would have been willing to pay for the textbook. b. no, the person paid you $20 for the book so his net benefit was only $5, whereas your net benefit was $10. for this change to be pareto efficient, each of you should have the same net benefit. c. yes, because both of you are better off as a result of the trade. d. yes, because even though you gain from the trade and he loses, there is the potential for you to compensate him for his loss.
Yes, because both of you are better off as a result of the trade so it is pareto efficient.
What is pareto efficient?When resources are distributed in a way that no one may benefit without harming someone else, this is known as Pareto efficiency, also known as allocative efficiency. No individual or preference criterion can be made better off without at least one of them becoming worse off, which is known as Pareto efficiency or Pareto optimality. Another illustration would be the purchase of a used vehicle. The buyer may be willing to pay $15,000 for the car but the seller is only willing to accept $10,000 for it. A transaction where the car is sold for $12,500 would be Pareto efficient because both parties benefit from the exchange.
Hence the answer is option c
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What conflict management style brings freedom from entanglement in trivial issues and preserves the status quo?.
The accommodating style of conflict management brings freedom from the entanglement in trivial issues and preserves status quo.
What is conflict management?Limiting conflict's bad elements while enhancing its favorable ones is the method of managing conflict. Enhancing group outcomes for learning, such as performance in an organizational setting, is the goal of conflict management. Conflict that is handled well might lead to better results for the organisation. Conflict can be approached from one of three perspectives: win-lose, lose-win, or lose-lose. One form of disagreement that frequently has a negative outcome for all parties is one with a lose-lose orientation. A win-lose mindset favours one party over the other, usually at their expense. One of the key principles of conflict resolution is the win-win approach.
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att and meg comer are married and file a joint tax return. they do not have any children. matt works as a history professor at a local university and earns a salary of $67,400. meg works part time at the same university. she earns $35,800 a year. the couple does not itemize deductions. other than salary, the comers' only other source of income is from the disposition of various capital assets (mostly stocks). (.
You need to itemize deductions if your allowable itemized deductions are larger than your trendy deduction or if you ought to itemize deductions because you can't use the fashionable deduction.
You may also be capable to reduce your tax through itemizing deductions on Schedule A (Form 1040), Itemized Deductions.
What are the 5 sorts of itemized deductions?Itemized deductions encompass quantities you paid for state and local income or income taxes, actual estate taxes, personal property taxes, mortgage interest, and disaster losses. You may additionally additionally encompass items to charity and part of the amount you paid for scientific and dental expenses.
If you choose the wellknown deduction, you will no longer be able to declare itemized deductions. These cover many key areas, such as clinical costs, charitable donations, nation taxes, and a number expenses associated to owning a home.
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https://brainly.com/question/13757943#SPJ4At 6.8 percent interest, how long does it take to double your money? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Length of time years At 6.8 percent interest, how long does it take to quadruple it? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Length of time years
21.08 years it will take to quadruple it.
What are interest rate?Interest rates tell you the cost of borrowing and the return on your savings. So if you are a borrower, the interest rate is the amount charged to borrow money, expressed as a percentage of the total loan amount. The higher the percentage, the more money you have to pay back for a given amount of credit. If you are a saver, the savings rate shows the amount credited to your account as a percentage of your savings. The higher the savings rate, the more money will be credited to your account for a given amount of deposit. Even small changes in interest rates can have a large impact. It is important to track whether they are rising, falling or staying the same.
Calculation:The doubling time by either using simple interest rate annually or compounded interest rate annually.
First, if we use simple interest rate annually than according to the formula it can be derived simply by dividing the periodic rate by 1.
Doubling Time without compounding = 1/rate.
= 1/6.8
= 14.71 years when simple interest used annually.
In case of compounded interest rate annually.
Doubling time through Rule of 72 is by dividing 72 by the interest rate.
= 72/6.8
10.59 years when compounded annually.
However, if we use normal excel calculations then
For simple interest time required to double the money let say $100.
A = PRT+P
200=100*6.8%*T+100
100=6.8T
T=14.71 years
For compounded interest
A= P(1+r)^n
200 = 100(1+6.8%)^n
2=1.068^n
n= 10.54 years (through calculator)
b) To calculate the time required to quadruple with simple interest formula, then
A= P + PRT, where A = 4P and P=$100
400=100+100*6.8%*T
300=6.8T
T= 44.12 years
Now to calculate how long it takes to quadruple the amount at 6.8% compounded annually, then according to the Rule of 144, divide 144 by the rate to calculate the number of years.
= 144/6.8
= 21.18 years to quadruple the money
Similarly, for normal calculation when the principal is $100 and Amount is $400
A= P(1+r)^n
400=100(1+6.8%)^n
4=1.068^n
n= 21.08 years
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Computer inventory systems are often programmed to produce a cycle count notice in which of the following case? A) When the record shows a near maximum balance on hand B) When the record shows positive balance but a backorder was written C) When quality problems have been discovered with the item D) When the item has become obsolete E) When the item has been misplaced in the stockroom
Based on the computer programming concept, and the available options, the computer inventory systems are often programmed to produce a cycle "When the record shows a positive balance but a backorder was written."
What is Computer Inventory System?Computer Inventory System is a term that is used to describe the process or techniques used in ensuring a company controls inventory levels in real-time throughout the day.
In some cases, a computer inventory system is otherwise known as inventory management software, where businesses can be easily updated with inventory orders, counts, and sales.
Other areas in which the computer can be programmed to produce a cycle count are the following:When the record indicates a low or zero balance on hand; it is easier to count fewer items.After the record shows a positive balance but a backorder was written.When some specified level of activity has been achieved.To signal a review based on the importance of the item, as in the ABC system.Hence, in this case, it is concluded that the correct answer is option B "When the record shows positive balance but a backorder was written."
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what is the marginal cost of the 2nd gigaplot at jimmy's gigaplot factory?
$15 is the marginal cost of the 2nd gigaplot at jimmy's gigaplot factory.
The marginal fee refers to the growth in manufacturing expenses generated through the production of extra product devices. it's also referred to as the marginal fee of production. Calculating the marginal value permits companies to peer how volume output influences cost and therefore, in the long run, income.
The marginal value of production is used to degree the trade inside the fee of a product resulting from the production of an extra unit of output. when the business enterprise reaches the top-rated manufacturing level, producing additional units will increase the cost of production in keeping with the unit. Marginal cost is the brought price to provide a further properly.
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question content area top part 1 all of the following business organizations provide limited liability to their owners except question content area bottom part 1 a. general partnership. b. stype corporation. c. corporation. d. limited liability company.
All of the given business organizations provide limited liability to their owners except 'general partnership'. Therefore, the option is A 'general partnership' is the correct answer.
Limited liability refers to a type of liability that does not exceed the investment amount in a partnership or limited liability company. While, a general partnership refers to a business arrangement whereby two or more individuals agree to share in all profits, assets, and financial and legal liabilities of a business owned jointly. In a general partnership, all partners agree to unlimited liability; it means liabilities are not capped and can be paid by the seizure of an owner's assets. Further, any partner may be sued for the debts of the business.
Thus, it is stated that general partnership organizations do not provide limited liability to their owners.
"
The correct question is as follows:
all of the following business organizations provide limited liability to their owners except a. general partnership. b. stype corporation. c. corporation. d. limited liability company.
"
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4)which of the following is correct when bad debt expense is recorded at year-end? b) net accounts receivable will decrease.
Bad debt expense is an operating expense. An increase in operating expenses decreases income from operations.
When a receivable is no longer collectible as a result of a customer's inability to pay an outstanding debt due to bankruptcy or other financial issues, a bad debt expense is recorded. Companies that offer credit to their customers record bad debts as an allowance for doubtful accounts, also referred to as a provision for credit losses, on their balance sheet.
The basic idea behind bad debt expense is the same as that behind all accounting principles: it enables businesses to completely and accurately report their financial position. Almost every business will encounter a customer who is unable to pay at some point, and they will need to record a bad debt expense.
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what statement is correct about the relationship between economic conditions and human rights? group of answer choices
States with deteriorating economic conditions may repress political rights as they seek to maintain authority is the correct statement stating the relationship between economic conditions and human rights.
Economic conditions do influence the extent of human rights as poverty affects dignity and can be seen as abusive toward human rights. Responsibility for implementing human rights is a concern of all states whose actions may affect people's lives. Human rights elements are taken into consideration while having international trade agreements. Countries with deteriorating economic conditions may take away the political rights of the citizens in order to prevent anarchy situation and maintain authority, as many African countries are having less human rights than developed or underdeveloped countries.
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Correct question:
What statement is correct about the relationship between economic conditions and human rights?
a. States with deteriorating economic conditions may repress political rights as they seek to maintain authority.
b. Developed states never repress political rights.
c. Developed states all provide similar economic and social rights.
d. Even poor countries can provide all economic and social rights.
e. Poor countries are not expected to meet international standards on rights until they reach middle-class status
a company operates 18 oil wells in a designated area. each pump, on average, extracts 270 barrels of oil daily. the company can add more wells, but every added well reduces the average daily output of each of the wells by 9 barrels. how many wells should the company add in order to maximize daily production?
A company should add 6 wells in order to maximize daily production.
Explanation of the answer
We need a function P(w) that gives the daily oil production, P as a function of the number of wells w.
Let w = the number of wells.
Each well will produce 270 − 9 (w − 18) barrels of oil per day. Here, the w − 18 gives the number of wells
over 18 and 9 (w − 18) gives the reduction in daily barrels produced, where w ≥ 18. Since there are w wells,
we get the production function
P(w) = w (270 − 9 (w − 18))
= w (432 − 9w)
so
P(w) = 432w − 9w
2
We compute P
′
(w) and solve P
′
(w) = 0 to find any critical numbers.
P(w) = 432w − 9w
2
so
P(w) = 432 − 9w
and we solve
432 − 18w = 0
w = 24
Note that P
′′(w) = −18 < 0, so by SDT the critical number 24 gives a local maximum.
Thus, daily production is maximized when the company adds 24− 18 = 6 wells
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the centers for disease control and prevention (cdc) estimates that cigarette smoking causes more than 480,000 deaths each year in the united states. cigarette smoking also carries a significant financial burden, with an estimated $170 billion of direct medical expenses and another $156 billion lost from lower worker productivity annually. suppose the market demand and supply for cigarettes in the u.s. is represented in the accompanying graph. a. place point a on the initial equilibrium in the market with no government intervention.
A place point on the initial equilibrium in the market with no government intervention is $7/pack
Equilibrium is achieved in the market
where Qs = Qo
Equilibrium quantity Q* = 240bn
Price P* $7/pack
Equilibrium is a 2002 American dystopian science fiction film[4] written and directed by Kurt Wimmer, and starring Christian Bale, Emily Watson, and Taye Diggs. The film follows John Preston (Christian Bale), an enforcement officer in a future wherein feelings and inventive expression are outlawed, and citizens take each day injections of effective psychoactive drugs to suppress their emotions.
After by chance lacking a dose, Preston begins to enjoy feelings, which makes him question his morality and mild his movements whilst trying to remain undetected with the aid of the suspicious society in which he lives. ultimately, he aids a resistance motion through the usage of advanced martial arts, which he became taught by the regime he is helping to overthrow.
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when government regulations are influenced by lobbyists for the producers in a market, the regulations often: raise market demand. make it more difficult for new producers to enter the market. reduce costs of production, increasing competitive pressures. are biased in favor of consumer safety.
When government regulations are influenced by lobbyists for the producers in a market, the regulations often: A. Make it more difficult for producers to enter the market.
What is government regulations?Government regulations can be defined as the laydown law or policy that states how business owners or companies can operate or carryout their business activities.
Government regulation can tend to have effect or manufactures or producers as it can make it difficult for them to enter the market or to sell their product.
Therefore the correct option is A.
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