HELPPPPPPP
2. The components of marginal revenue
Yakov's Fire Engines is the sole seller of fire engines in the fictional country of Pyrotania. Initially, Yakov produced eight fire engines, but he has decided to increase production to nine fire engines. The following graph shows the demand curve Yakov faces. As you can see, to sell the additional engine, Yakov must lower his price from $80,000 to $60,000 per fire engine. Note that while Yakov gains revenue from the additional engine he sells, he also loses revenue from the initial eight engines because he sells them all at the lower price.
Use the purple rectangle (diamond symbols) to shade the area representing the revenue lost from the initial eight engines by selling at $60,000 rather than $80,000. Then use the green rectangle (triangle symbols) to shade the area representing the revenue gained from selling an additional engine at $60,000.
Answers
The information given regarding the marginal revenue is illustrated below.
How to illustrate the information?Marginal revenue is the increase in revenue that results from the sale of one additional unit of output.
While marginal revenue can remain constant over a certain level of output, it follows from the law of diminishing returns and will slow down when the output level increases.
Here, the price effect dominates the quantity effect so he cannot increase the production from 7 units to 8 units.
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Related Questions
The monetary transmission mechanism in the IS-LM model is a process whereby an increase in the money supply increases the demand for goods and services: a. by increasing government spending on goods and services. b. by lowering the interest rate so that investment spending increases. c. directly. d. by raising the interest rate so that investment spending increases.
Answers
The monetary transmission mechanism in the IS-LM model is a process whereby an increase in the money supply increases the demand for goods and services by lowering the interest rate so that investment spending increases.
What happens to IS-LM model when money supply increases?With an increase in the money supply (actual money balances), the LM curve moves to the right (left) (decreases). Additionally, it moves left (right) as the need for money rises (decreases).What happens to the IS-LM model when government spending increases?The LM curve is not directly impacted by fiscal policy. It is believed that borrowing will be used to pay for any increases in government spending or tax cuts. The LM curve remains unchanged because there is no change in the money supply.How does the monetary transmission mechanism work?Through interest rate channels, the classic monetary transmission mechanism affects interest rates, borrowing costs, levels of physical investment, and aggregate demand. Additionally, the credit view, a source of friction in the credit markets, can have an impact on overall demand.How does monetary policy affect demand?Monetary policy can be used to affect aggregate demand. The aggregate-demand curve will eventually move to the right as the money supply rises. The aggregate-demand curve will eventually move to the left as the money supply declines.Learn more about monetary transmission mechanism here:
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Due to financial distress, shareholders may invest in Blank______ risk projects, at the expense of bondholders. Multiple choice question. high no low
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Shareholders may invest in high risk projects at the expense of bondholders because of financial distress.
What is high risk projects?This refers to projects that have a sweeping impact on the organization and pose significant threats to the project team's ability to deliver.
Therefore, the Option A is correct.
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Milton friedman believed that free market capitalism was the ultimate expression of individual liberty, and he has found a receptive audience ever since. Identify the libertarian conservative ideals that grew increasingly prominent in the 1950s.
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The libertarian ideals Friedman advocated for in ‘Capitalism and Freedom’ include a free market, a free-floating exchange rate, a uniform flat tax, ending the mandatory licensing of physicians, and the introduction of a system of vouchers for school education. Friedman argues for economic freedom as a precondition for political freedom.
The smashed tomato and the violent red splatter on the wall are a clear indication of anger and opposition to school integration.
Although it was a nationwide phenomenon, 1950s suburbanization gathered its greatest momentum in the West. Although Americans in the 1950s grew more intensely religious, fewer than ever were affiliated with religious institutions.
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Vera gives Will a $500 check as payment for a debt. Will crudely increases the amount of the check to $5,000 and deposits the check in his First Bank account. Vera is liable for the payment of $5,000 to
Answers
Answer:
No one
Explanation:
Vera is liable for the payment of $5,000 to no one.
Repayment of Borrowed Money: Repayment of Debt Many people struggle to repay their debt.
Simply put, if you agree to borrow and repay the money, you are in debt. Common examples include student loans, mortgages, and credit card purchases.
How to repay debt faster:
Pay more than the minimum amount. ... 44 Pay more than once in April. ...Pay off the most expensive loan first. ..Consider a snowball method of paying off your debt. ...Track your invoice and pay in less time. ...Shorten the loan term. ...Consolidate multiple debts.Learn more about debts here:https://brainly.com/question/25035804
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I got this question on my quiz a few weeks ago and was wondering if anyone could explain the best/correct answer.
I'm currently leaning towards the last option, but I'm not sure.
Answers
Answer:
Easy it's B, this is because the rate at which we earn interest with only 1000$ does not keep up with the maintenance fee.
In B u get $1010 because of the interest after the first year,
In D u get $960 because if u get an annual interest of 2% from $1000 u get a total of $1020 but deduction from maintenance fee is $60 per year, Thus $1020-$60 = $960. Same explaination for the others as well.
Jose is CEO of a small tech start-up. He uses the power of his position to help his employees grow and succeed. Jose is using ________ power. Group of answer choices personalized affiliated intrinsic socialized
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Jose uses the power of his position to help his employees grow and succeed. Jose is using socialized power.
What is Socialised Power? Effective leadership is frequently linked to socialized power demand. Instead of just advancing the position and wealth of the leader, these leaders use their influence in ways that are socially beneficial to others and the organization. They crave power because it is only with the power that things can be done.People are the wellspring of social power. Society derives its force from people's aspirations, vigor, and capacities. Individual power becomes societal power when it is organized and directed through a system.Power is necessary to effect change. Changes can be achieved when there is no power, but it will take a lot of fight and effort to make even a small difference.
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A ________ structure is an organizational structure that assigns specialists from different functional departments to work on one or more projects.
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A matrix structure is an organizational structure that assigns specialists from different functional departments to work on one or more projects.
What is a matrix?Teams in a matrix organization report to several leaders inside the business. The matrix structure promotes open communication between teams and can assist businesses in producing more creative goods and services.What is an organizational structure?An organizational structure outlines how tasks are assigned, coordinated, and overseen in order to achieve organizational objectives.The basis upon which standard operating procedures and routines are built is provided by organizational structure.It decides who gets to take part in what decision-making procedures and how much their opinions influence the organization's activities. The lens or perspective that people use to perceive their organization and its surroundings is known as the organizational structure.Therefore, a matrix structure is an organizational structure that assigns specialists from different functional departments to work on one or more projects.
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Operations management has the primary responsibility of Multiple Choice conducting research on consumer behavior. replacing quality with productivity in the manufacturing of goods. securing funds for the activities of an organization. creating goods and services that satisfy customers. developing only intangible products.
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Operations management has the primary responsibility of creating goods and services that satisfy customers.
What is operations management?Operation management refers to the study of managing and controlling the various production processes involved in production of different products and services.
Operations management is concerned with the following:
PlanningManagingSupervising productionManufacturingDistribution,Learn more about operations management here: https://brainly.com/question/1382997
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Given the legal, security, and regulatory requirements imposed by countries and trading blocs and their tax, environmental, and security agencies, what aspect of supply chain management has become a new major focus for supply chain managers
Answers
Planning is the new major focus for supply chain managers in supply chain management.
Supply Chain ManagementSupply chain management, which covers all procedures that convert raw materials into finished commodities, is the management of the movement of goods and services. It entails the deliberate simplification of a company's supply-side operations in order to optimize customer value and achieve a competitive edge in the market.The foundation of SCM is the notion that almost all products that are sold are the result of the efforts of numerous companies that are connected by a supply chain. Despite the fact that supply chains have been around for a very long time, most businesses have only recently recognized the value they can contribute to their operations.SCM often starts with planning to align supply with customer and manufacturing demands in order to achieve the best results.
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Which speaker is most likely to make high-risk investments?
Speaker A: I want to invest in
lot of different companies. You never know
when a company is going to have a surprisingly good or bad year.
Speaker B: I invest to get as much money as I can as quickly as I can. I'm not
worried about losing money at all.
Speaker C: I'm nearing retirement, so I need to make sure my investments are
safe. The worst thing that could happen would be losing all of my investments
right before I need them.
Speaker D: I'm concerned that investment is always risky. I prefer to hold onto
my money instead of investing it in companies or banks.
• A. Speaker B
• B. Speaker D
• c. Speaker C
• D. Speaker A
Answers
What can a plaintiff file essentially telling potential buyers that the property is subject to a judgment of a pending lawsuit by putting a cloud on the title
Answers
A plaintiff file essentially telling potential buyers that the property is subject to a judgment of a pending lawsuit by putting a cloud on the title when a lis pendens.
What is lis pendens?It should be noted that lis pendens implies the rule of law that define the operation of the common law on how a suit can be changed.
In this case, a plaintiff file essentially telling potential buyers that the property is subject to a judgment of a pending lawsuit by putting a cloud on the title when a lis pendens.
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which organization issues auditing standards, carries out inspections of public accounting firms auditing us public clients, and imposes sanctions
Answers
The Public Company Accounting Oversight Board (PCAOB) issues auditing standards, carries out inspections of public accounting firms auditing public clients, and imposes sanctions.
What are sanctions?Economic sanctions are financial and commercial penalties imposed by one or more nations against a particular self-governing state, group, or person. Economic sanctions may be used for a number of political, military, and social reasons in addition to difficult economic conditions. What is The Public Company Accounting Oversight Board (PCAOB)?The Sarbanes-Oxley Act of 2002 established the Public Company Accounting Oversight Board (PCAOB), a nonprofit organization, to supervise the audits of public companies and other issuers in order to safeguard investor interests and advance the public interest in the creation of informative, accurate, and independent audit reports. In order to protect investors, the PCAOB also controls the audits of broker-dealers, including compliance reports submitted in accordance with federal securities laws. The U.S. Securities and Exchange Commission must approve all PCAOB regulations and standards (SEC).Therefore, the Public Company Accounting Oversight Board (PCAOB) issues auditing standards, carries out inspections of public accounting firms auditing public clients, and imposes sanctions.
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Brother Company uses variable costing. Their direct materials are $8, direct labor is $6 and total overhead is $5 of which $3 is variable. What is Brother Company's total unit cost
Answers
If Brother Company uses variable costing. Brother Company's total unit cost is $17.
Total unit costUsing this formula
Total unit cos=Direct materials+Direct labor+ Variable
Let plug in the formula
Total unit cost=$8+$6+$3
Total unit cost=$17
Therefore If Brother Company uses variable costing. Brother Company's total unit cost is $17.
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On June 1, a company collected an $18,000 advance payment from a customer. The company will earn the payment over 12 months. What amount should the company report as a current liability at the end of the current calendar year
Answers
An amount of $18,000 will be recorded as a current liability at the end of the current calendar year.
What is an advance payment?This means a payment type that is made ahead of its normal schedule such as paying for a good or service before you actually receive it.
An advance payment will be recorded as repayment under the current liability in balance sheet.
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True or false: In order to be successful, salespeople should have the knowledge about how to analyze data and situations and use the Internet.
Answers
The statement "In order to be successful, salespeople should have the knowledge about how to analyze data and situations and use the Internet." is True. This is further explained below.
What are salespeople?Generally, a person whose duty it is to sell goods or services in a specific area, whether in a physical location or over the phone
In conclusion, It is true that salespeople need to understand how to use the Internet and assess data and circumstances if they want to succeed.
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Goods or services that are provided by the government because they are not supplied or insufficiently supplied by the market are known as
Answers
The good produced by the government because it is inefficiently supplied by the market is known as a public good.
What is a public good?
A public good is a good that is non excludable and non-rivalrous. Public goods are usually produced by the government because they are too expensive to be produced by the market or because the market produces them inefficiently.
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What is the nominal interest rate when the real interest rate is 3.5% and the inflation rate is 5.4%
Answers
Answer:
3.15
Explanation:
because the inflation will lift up the interest rate so the deduction will be big through multiple times of people
HUD, Co. had a beginning retained earnings of $29,825. For the year, the company had net income of $6,540 and paid dividends of $2,550. The company also issued $4,450 in new stock during the year. What is the ending retained earnings balance
Answers
Answer:
$38,265
Explanation:
Beg RE = $29,825
Plus Net Income = $6,540
Minus Dividends = ($2550)
Plus New Stock = $4450
Ending RE = $38,265
A business owner makes 50 items a day. He spends 8 hours in producing those items. If hired elsewhere he could have earned $10 an hour. The item sells for $10 each. Production occurs seven days a week. If the total costs are $10,000 a month, the accounting profit for the month equals:
Answers
Accounting profits for the month = $4,000.
What is production?In order to create anything for consumption, several material and immaterial inputs are combined during the production process.It is the process of producing output, a good or service that has value and enhances people's usefulness.What are profits?The difference between an economic entity's revenue from its outputs and the opportunity costs of its inputs is what is known as a profit. It is equivalent to total income less total expenses, which includes both direct and indirect expenses.Solution -Production happens 7 days a week.
Let,s tale 28 days in a month (4 weeks in a month)
50 items are produced every day and each costs $10.
50 × 10 = $500 (Daily sale)
Monthly sale = 500 × 28 = $14,000 (Monthly revenue)
Cost of production per month = $10,000.
Profit = 14,000 - 10,000 = $4,000.
Therefore, accounting profits for the month = $4,000.
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Can I Plss get some help on this thank you
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Answer:
the United state has a comparative advantage in producing coal
gAlex has been the highest performer within his department for the last five years. Vera, the Head of the Division in which Alex works, has decided to promote Alex to reward him for his hard work and dedication to the firm. Vera believes that his technical proficiency will inspire the rest of the team to work harder and become more accurate. Is Vera's reasoning sound
Answers
(B) No, human relations skills are just as important as technical expertise.
What is technical expertise?Technical skills are the particular knowledge and competence required in real-world circumstances to complete certain jobs and use specific equipment and programs. From information technology and corporate administration to health care and education, diverse technical abilities are necessary for almost every sector and industry.Technical skills are the particular knowledge and competence required in real-world circumstances to complete certain jobs and use specific equipment and programs. From information technology and corporate administration to health care and education, diverse technical abilities are necessary for almost every sector and industry.What are relations skills?This includes communicating openly, actively listening, cooperating, refusing improper social pressure, constructively negotiating disagreement, and seeking and offering assistance when needed. Relationship skills are essential for personal and professional success.Trust, respect, self-awareness, inclusiveness, and open communication are all required for a healthy professional relationship. Let's take a closer look at each of these traits. You can be open and honest in your ideas and actions when you trust your team members.So, in this instance, Vera is attempting to argue that interpersonal skills are just as vital as technical skills.
Therefore, the correct option is (B) No, human relations skills are just as important as technical expertise.
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Complete question:
Alex has been the highest performer within his department for the last five years. Vera, the Head of the Division in which Alex works, has decided to promote Alex to reward him for his hard work and dedication to the firm. Vera believes that his technical proficiency will inspire the rest of the team to work harder and become more accurate.
Is Vera's reasoning sound? Does Alex's technical proficiency help to ensure his success as a manager?
a. Yes, Alex's high expectations will make him a better manager.
b. No, human relations skills are just as important as technical expertise.
c. Yes, technical proficiency is the key to managerial success.
d. Yes, technical proficiency in a manager is inspirational to teams.
What can an appraiser calculate to determine the reproduction cost when using the square-foot method
Answers
An appraiser need to calculate the below points to determine the reproduction cost when using the square-foot method
Find the dimension of the building.Use that dimension to calculate the number of square feet of ground covered by the building.Calculate the cost of a comparable new buildingWho is an appraiser?This refers to a professional that determines the market value of an asset, notably in the real estate industry and he is is expected to act independently of the buying and selling parties in a transaction.
The determination of reproduction cost that means an expense involved with identically reproducing an asset or property with the same materials and specifications as an insured property based on current prices will be calculated by the point given above.
By the use of the given points, the appraiser will use that cost data to create the estimate and if no such comparable data is available, the appraiser should use the basic construction prices from a cost manual.
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Dividends paid to common stockholders ______ be deducted from the payer's taxable income for tax purposes.
Answers
Dividends paid to common stockholders cannot be deducted from the payer's taxable income for tax purposes.
What is Dividend Payments?Dividends are paid only on outstanding shares of common stock. Since the payments are the distribution of a company's profits to its shareholders, dividend payments decrease both the cash and the shareholders' equity balance shown on the issuing corporation's balance sheet.
Since they are paid on each share, the amount of cash distributed to each shareholder is based on the amount of shares they own.
Are dividends paid to common stockholders?Dividends are paid only on outstanding shares of common stock.
A common stock dividend is the dividend paid to common stock owners from the profits of the company. Like other dividends, the payout is in the form of either cash or stock. The law may regulate the size of the common stock dividend particularly when the payout is a cash distribution tantamount to a liquidation.
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The management team at Schiller Holdings want to make sure their decisions about compensation, promotions, and firings are based on sound information that meets legal requirements. One way for the company to achieve this objective would be to
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A way for the company to achieve this objective would be to establish an effective performance appraisal system.
What is management?It should be noted that management is the administration of an organization.
In this case, the way for the company to achieve this objective would be to establish an effective performance appraisal system.
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The following information relates to the manufacturing operations of the Abbra Publishing Company for the year: Beginning Ending Raw materials inventory $ 547,000 $ 610,000 The raw materials used in manufacturing during the year totaled $1,018,000. Raw materials purchased during the year amount to:
Answers
Raw materials purchased during the year amount to: $1,081,000
Giving the following information:
Beginning Ending Raw materials inventory$547,000 $610,000
The raw materials used in manufacturing during the year totaled $1,018,000
To calculate the direct material purchased, we need to use the following formula:
Beginning Raw Materials + Purchases – Ending Raw Materials = Raw Materials Used
$547,000 + Purchases – $610,000 = $1,018,000;
Purchases = $1,018,000 + $610,000 – $547,000 = $1,081,000
What is the Cost of Raw Materials Purchased?
Purchases of raw materials, consumables and services are purchases of all commodities used as inputs in the production process and of services related to the supply of factors of production, such as renting property or equipment, leasing, temporary staff, and, in general, all outside services purchased for own use.
The cost of raw materials purchased can therefore be calculated as follows: Raw Materials Purchased = (Ending Inventory – Beginning Inventory) + Cost of Goods Sold. A direct material purchases budget determines the quantity of material purchased within a production period.
Your question is incomplete, but most probably your full question was:
The following information relates to the manufacturing operations of the Abbra Publishing Company for the year:
Beginning Ending Raw materials inventory $547,000 $610,000.The raw materials used in manufacturing during the year totaled $1,018,000. Raw materials purchased during the year amount to:
A. $955,000.
B. $892,000.
C. $1,565,000.
D. $408,000.
E. $1,081,000.
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On March 1, Job 10 had a beginning balance of $500. During March, direct materials of $800 and direct labor of $300 were added to the job. Overhead is applied to production at a rate of 40% of direct labor. There are four units in Job 10. What is the unit cost? a.$312 b.$492 c.$850 d.$430
Answers
430 is the unit cost.
CALCULATE UNIT COST :Beginning work in process 500.
Direct material 800.
Direct labour 300.
Overhead (300*40%) 120.
Total cost of job 1720.
Units 4.
Unit cost 430.
What is direct labor vs indirect labor?Depending on the worker's contribution to the production process, labor expenses are typically divided into direct and indirect labor costs. While work performed on specific commodities or services is considered direct labor, employee activity that cannot be linked to or charged to the provision of goods or services is considered indirect labor.What is direct Labour cost example?The hourly wage of a quality assurance inspector adjusted to incorporate healthcare benefits and short-term disability is one illustration of a direct labor cost. The annual wage of a welder who works on the production line of a business that makes steel parts could serve as another illustration.Learn more about direct Labour here:
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According to the tort doctrine of ________, any time an employee is liable for tortious acts in the scope of employment, the employer is also liable. Group of answer choices nolo contendere respondeat superior promissory estoppel novation frolic and detour
Answers
According to the tort doctrine of respondeat superior , any time an employee is liable for tortious acts in the scope of employment,
What is tortious acts?Tortious acts is an act that occur when a person is harm as a result of another action which inturn lead to legal liability for the person who committed the act.
Hence, Respondeat superior stated that an when an employee is liable for committing tortious acts the employer is as well liable for the same act.
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Kate contracts Ofc Depot Inc. to install air conditioning units for each office in her company. Kate wanted the work to be done in two days, but Ofc Depot took three days to complete the work. Which of the following statements is most likely to be true in this scenario? Group of answer choices Kate can sue Ofc Depot for material breach of contract. Kate can refuse payment to Ofc Depot. Both Kate and Ofc Depot must consult a neutral third party to resolve their contractual dispute. Ofc Depot is entitled to full recovery under the contract. Ofc Depot is entitled to a partial recovery under the contract.
Answers
The answer is, Ofc Depot is entitled to a partial recovery under the contract.
What is the meaning of immediate recovery?The most frequent type of recovery, immediate or short-term, happens shortly after an exercise session or other activity. Low-intensity activity after working out and during the cool-down period is part of short-term healing.What is short term recovery?Response and short-term healing occur simultaneously and are overlapping. It entails undertaking tasks including restoring interrupted utility and other necessary services, reopening transportation routes, and offering food and shelter to individuals who were displaced by the catastrophe.What are the 5 stages of recovery?Precontemplation, contemplation, preparation, action, and maintenance are the five stages of addiction treatment.
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A trademark becomes ________ when, through the owner's actions or another's inappropriate use, the mark becomes synonymous in the consumers' mind with the name of the goods or services. Group of answer choices copied distinctive infringed generic substituted
Answers
The trademark will become generic.
A generic trademark, also known as a genericized trademark or proprietary eponym, is a trademark or brand name that has become the generic word for, or synonymous to, a wide class of products or the services, frequently against the trademark's owner's wishes.
Generic words are never eligible for trademark protection. They are phrases or symbols that convey the sort of goods or service being provided. The names "email" and "modem" are both generic. Similarly, "cereal" is a grass whose edible component is utilized for breakfast.
Generic terms cannot be registered under trademark law, and the proprietor is not protected.
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On August 22, 20X1, an employee of Bell Company mistakenly debited the Truck Expense account rather than the Repair Expense account when recording a bill of $775 for repairs. The error was discovered on October 1. Prepare a general journal entry to correct the error.
Answers
The general journal entry to correct the error will be :
Repair expense Account ....dr. $775
To Truck expense Account $775
The entry to correct the error is called rectification entry.
In the given question the employee debited the Truck Expense account instead of the Repair Expense account when recording a bill of $775 for repairs.
Therefore, to rectify this mistake we will credit the Truck Expense account to cancel the wrong debit. And debit the Repair Expense account as it should be debited in the first place.
Since this error was discovered on October 1. The correct entry will be passed on this date only.
Hence. the rectification entry becomes:
Repair expense Account ....dr. $775
To Truck expense Account $775
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