Consumer finance companies obtain funds from their stockholders and through open market borrowing. Option B is correct.
The primary focus of consumer finance companies is personal. loans made to customers and how their operations identify and define them. under the laws of the state governing small loans. Despite the fact that these laws differ from in specific they are similar in scope and content from state to state.
Consumer finance is essentially a branch of retail banking that focuses primarily on lending money to individuals. Consumer lending, mortgage lending, the issuance of credit cards, payment services, and merchant services are all common customer-facing activities carried out by this function.
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Incomplete Question:
_____ obtain funds from their stockholders and through open market borrowing.
a. Credit unions
b. Consumer finance companies
c. Commercial banks
d. Life insurance companies
e. S&Ls
Read the scenario.The federal government announced significant tax cuts, enabling people to keep a greater portion of their income.What will happen to the demand curve in this situation
In the given scenario, the federal government has announced significant tax cuts, enabling people to keep a greater portion of their income. The question is: What will happen to the demand curve in this situation?
When tax cuts are implemented, individuals will have more disposable income. This increase in disposable income leads to an increase in purchasing power, which subsequently affects the demand curve. The demand curve is a graphical representation of the relationship between the price of a product and the quantity demanded by consumers at different price levels.
In this situation, the demand curve will shift to the right, indicating an increase in demand for goods and services. This shift occurs because consumers have more disposable income and are willing to spend more on products, thus increasing the quantity demanded at each price level.
The rightward shift in the demand curve may also lead to a higher equilibrium price and quantity for certain goods and services, depending on the price elasticity of demand. If the demand for a particular good or service is relatively elastic, the increase in demand may lead to a greater increase in quantity demanded than the increase in price. Conversely, if the demand is relatively inelastic, the increase in demand may lead to a greater increase in price than the increase in quantity demanded.
In summary, when the federal government announces significant tax cuts, the demand curve will shift to the right due to the increase in disposable income, leading to higher demand for goods and services. The effect on the equilibrium price and quantity depends on the price elasticity of demand for each good or service.
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Question 3 0/2 pts According to Lawrence and Weber, the instrumental argument says stakeholder management is A more realistic description of how companies really work. Determined by the amount of stock owned in the firm. Ethicaly the right thing to do. More effective as a corporate strategy.
According to Lawrence and Weber, the instrumental argument for stakeholder management suggests that it is more effective as a corporate strategy. This perspective highlights the benefits of managing stakeholder relationships in terms of improved business performance and long-term success.
Lawrence and Weber argue that the instrumental argument for stakeholder management is that it is a more realistic description of how companies really work. This approach considers stakeholders beyond just shareholders and acknowledges their influence on the company's success. It also recognizes that taking care of stakeholders' interests can lead to more effective corporate strategies.
This approach is not determined by the amount of stock owned in the firm, but rather by a consideration of all the stakeholders involved. Furthermore, Lawrence and Weber argue that this approach is not only effective as a corporate strategy but is also ethically the right thing to do.
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Answer the following questions regarding the Southern economy in the decades before the Civil War (taken primarily from lecture on Southern Economy):
What crop dominated the Southern economy?
Why did most of the profit from it go into securing more land and more slaves instead of transportation or manufacturing?
How were Northerners profiting from this crop as well?
How did the Southern economy resemble the modern oil-based economy of Saudi Arabia?
The crop that dominated the Southern economy in the decades before the Civil War was cotton.
The profit from cotton largely went into securing more land and slaves because the Southern economy was primarily focused on agriculture and the production of cotton.
Transportation and manufacturing were not as lucrative as owning and producing more cotton, which led to a concentration of wealth in the hands of the Southern elite.
Northerners profited from this crop as well through the cotton trade, as they purchased Southern cotton to use in their textile mills. The Southern economy resembled the modern oil-based economy of Saudi Arabia in the sense that both were heavily reliant on one commodity for their economic success, leading to a concentration of wealth and power in the hands of a few elites.
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at the break-even point of 2,000 units, variable costs are $165,000, and fixed costs are $96,000. how much is the selling price per unit? group of answer choices $34.50 $130.50 $48.00 not enough information
$130.50 is the selling price per unit.
To calculate the selling price per unit at the break-even point, you can use the formula:
Break-even point (in units) = (Fixed costs + Variable costs) / Selling price per unit
First, we need to determine the total costs:
Total costs = Fixed costs + Variable costs = $96,000 + $165,000 = $261,000
Now, we can solve for the selling price per unit:
2,000 units = $261,000 / Selling price per unit
Selling price per unit = $261,000 / 2,000 units = $130.50
Therefore, the selling price per unit is $130.50.
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Demand oriented pricing approaches weigh which factors most heavily?
Demand oriented pricing approaches weigh the level of customer demand, price sensitivity, competitor pricing, market conditions, and product differentiation most heavily when determining the optimal price for a product or service.
Demand-oriented pricing approaches are pricing strategies that are based on the level of demand for a product or service. These approaches aim to set prices at a level that will maximize revenue and profits by matching prices with customer demand. Some common demand-oriented pricing approaches include:
1. Skimming pricing: This approach involves setting high prices initially for a new product or service when it is introduced into the market.
2. Penetration pricing: This approach involves setting low prices initially to attract customers and gain market share.
3. Premium pricing: This approach involves setting a higher price than competitors for a product or service that is perceived to have a higher value or quality.
These approaches aim to set prices based on what consumers are willing to pay rather than focusing solely on production costs or profit margins. By understanding the market and consumer behavior, businesses can set prices that are attractive to customers while still generating revenue and staying competitive.
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Egoistic needs can take either an inward or an outward orientation, or both. Outwardlydirected ego needs reflect an individual's need for ________.A) self-acceptanceB) personal satisfaction with a job well doneC) reputationD) independenceE) self-esteem
Egoistic needs can take either an inward or an outward orientation, or both. Outwardly directed ego needs reflect an individual's need for reputation. The correct option is C
Outwardly directed ego needs refer to an individual's desire for recognition, respect, and admiration from others. This involves focusing on building a positive image and establishing a good reputation in the eyes of others.
Achieving a favorable reputation can help fulfill egoistic needs as it reinforces one's self-esteem, sense of worth, and social standing.
On the other hand, inwardly directed ego needs focus on personal achievements and self-growth, such as self-acceptance, personal satisfaction, and independence. Both orientations play a crucial role in fulfilling egoistic needs and contributing to a person's overall well-being.
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Which marketing analytics tool measures and evaluates revenue from specific products or regions?
The marketing analytics tool that measures and evaluates revenue from specific products or regions is called "sales analytics".
Sales analytics is a set of analytical tools and techniques used to analyze sales data and gain insights into the performance of sales teams, products, and regions. This tool helps businesses to understand which products are performing well in which regions and where to focus their sales and marketing efforts to maximize revenue. Sales analytics can also be used to track and evaluate the success of sales campaigns and identify opportunities for improvement.
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Overall, what is the major disadvantage associated with the use of public relations and the international example highlighted in class? O A It is normally very expensive. O B. The amount of negative publicity always outweighs the good. O C. Few, if any, customers pay attention to public relations messages. O D. Most people find it to be less credible than advertising, O E. The firm has limited control over how the public relations message will be presented by a given media type to an audience.
The major disadvantage which is associated with use of "public-relations", is (e) firm has limited-control over how "public-relations" message will be presented by a given media type to an audience.
The "Public-Relations" can be a valuable tool for building brand awareness and enhancing a company's reputation, the firm has limited control over how the media will interpret and present its message to the public.
This can cause problems if the media chooses to focus on negative aspects of the company or if the message is presented in a way that is inconsistent with the company's goals and values.
Additionally, public relations can be expensive and may not always be effective in reaching target audiences, especially in today's fragmented media landscape.
Therefore, the correct option is (e).
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The given question is incomplete, the complete question is
Overall, what is the major disadvantage associated with the use of public relations and the international example highlighted in class?
(a) It is normally very expensive.
(b) The amount of negative publicity always outweighs the good.
(c) Few, if any, customers pay attention to public relations messages.
(d) Most people find it to be less credible than advertising,
(e) The firm has limited control over how the public relations message will be presented by a given media type to an audience.
a demand forecasting technique used to mazimise room revenue borrowed from the airline industry is called
The demand forecasting technique used to maximize room revenue borrowed from the airline industry is called revenue management.
Revenue management is the practice of forecasting demand for a product or service and adjusting the price in response to that demand. In the airline industry, revenue management is used to adjust ticket prices based on a variety of factors, such as time of day, day of the week, and the number of seats available on a particular flight.
Similarly, in the hotel industry, revenue management is used to predict demand for hotel rooms and adjust room rates accordingly. This technique is often used by hotel managers to ensure that they are maximizing revenue by charging the optimal price for each room. Revenue management techniques are commonly used by hotel chains, and many hotels now use sophisticated software tools to help them forecast demand and set prices.
In conclusion, revenue management is an important technique that is used in the airline and hotel industries to maximize revenue by predicting demand and adjusting prices accordingly. By using this technique, hotels can increase their revenue and profitability, while ensuring that they are providing the best value to their customers.
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US Billions USD
Exports of Goods 69
Imports of Goods 90
Exports of Services 7
Imports of Services 41
Income earned from US owned assets abroad 29
Income paid to foreign assets located in US 34
Net Unilateral Transfers -90
Refer to the above table. The current account balance is currently in a:
For Surplus, enter 100
For Deficit, enter 200
The current account balance in the above table is in deficit, with a negative value of -200 US Billions USD. This means that the country is importing more goods and services than it is exporting, leading to a net outflow of currency to foreign countries.
A current account deficit can have both positive and negative effects on an economy. On one hand, it can be an indication of strong domestic demand for foreign products and services, which can boost economic growth. On the other hand, a large and sustained deficit can lead to a depletion of foreign exchange reserves, a decrease in confidence from foreign investors, and potentially a currency devaluation.
It is important for policymakers to monitor and manage the current account balance to ensure that it remains sustainable and does not pose significant risks to the economy.
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As one of the largest and most advanced countries in the world, the United States would not really benefit from trading with smaller less developed countries. This is because the United States has the capacity to produce essentially all products in larger volumes than these countries. So in absolute terms, the United States has a larger production capacity and would only benefit from trading with other countries that can produce a certain product in higher volumes than it does.
Actually, trading with smaller, less developed countries can still benefit the United States in several ways.
Firstly, these countries may have access to resources that are not available in the US, which can be used to produce goods that the US may not be able to produce efficiently. Additionally, trading with these countries can help to promote economic growth in these regions, which can lead to increased demand for US goods and services in the future. Finally, engaging in international trade can help to create positive relationships between nations and promote global cooperation. Therefore, while the US may have a larger production capacity, trading with smaller, less developed countries can still be mutually beneficial for both parties.
What does "production capacity" mean?
The highest amount of production that a business or organization can create at once is known as production capacity.
What, using an example, is production capacity?
Utilizing the total production over a predetermined period of time is one of the simplest ways to determine capacity. For instance, if your plant can create 20,000 gadgets on average each week, your total capacity is 20,000 gadgets each week.
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1. Given an interest rate of 14.99% per year, compounded monthly, the effective semi-annual rate is closest to... (5) a) 0.075 6 0.0773 c) 0.0125 d) 0.1499 e) 0.1606 f) 0.1555 g) 0.0804 2. Given an interest rate of 7.75% per half-year, compounded quarterly, the effective annual rate is closest to... (5) a) 0.161 b) 0.155 c) 0.0803 d) 0.6781 0.1642 f) 0.0391 g) 0.3479
The Effective semi-annual rate will be equal to 0.0773 and the effective annual rate will be equal to 0.0803.
For the first question, we are given an interest rate of 14.99% per year, compounded monthly. To find the effective semi-annual rate, we need to use the formula:
Effective semi-annual rate = (1 + (annual rate/2))^2 - 1
where the annual rate is the given interest rate of 14.99%.
Plugging in the values, we get:
Effective semi-annual rate = (1 + (0.1499/2))^2 - 1
= 0.0773
Therefore, the closest answer is (b) 0.0773.
For the second question, we are given an interest rate of 7.75% per half-year, compounded quarterly. To find the effective annual rate, we need to use the formula:
Effective annual rate = (1 + (rate per period))^n - 1
where the rate per period is the given interest rate divided by the number of compounding periods per year (i.e. 2 for semi-annual compounding and 4 for quarterly compounding), and n is the number of compounding periods per year.
Plugging in the values, we get:
Rate per quarter = 7.75%/4 = 0.019375
Effective annual rate = (1 + 0.019375)^4 - 1
= 0.0803
Therefore, the closest answer is (c) 0.0803.
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late trading and market timing group of answer choices allow large, favored investors in a mutual fund to profit at the expense of other investors in the fund. hurt ordinary investors by increasing the number of fund shares and diluting the fund's net asset value. are both a and b of the above. are none of the above.
Late trading and market timing both allow large, favored investors in a mutual fund to profit at the expense of other investors in the fund. This hurts ordinary investors by increasing the number of fund shares and diluting the fund's net asset value. Therefore, the correct answer is a) both a and b of the above.
Late trading refers to the practice of placing orders to buy or sell mutual fund shares after the close of the markets, but receiving that day's price for the shares. This can be an unfair advantage for large investors who have information that may affect the fund's price after the market closes. Market timing, on the other hand, involves rapid buying and selling of mutual fund shares to take advantage of short-term price discrepancies. This can result in higher trading costs, dilution of the fund's net asset value, and ultimately harm ordinary investors in the fund.
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The following headlines are for articles from the WALL STREET JOURNAL. Which article is most likely to be reporting a MACRO-marketing topic?
a. "Mercedes Goes after Luxury Sport Utility Buyers."
b."Adidas Jumps as Footwear Competition Heats Up."
c."CVS Drugstore Aims at Seniors."
d. "Hardee's Fried Chicken Takes on KFC."
e."Yoga Popularity Leads to More Yoga Studios."
Yoga Popularity Leads to More Yoga Studios."article is most likely to be reporting a macro-marketing topic. Option E is correct.
Macro marketing can be characterized as the impact promoting approaches, procedures, and targets have on the economy and society in general.
To learn how to grow a business, macro marketing aims to comprehend how marketing and society interact. Item improvement, brand procedure, shopper conduct, market guidelines and corporate social obligation are a portion of the things that full scale promoting includes.
Examples of macro-marketing:A manager of a small auto repair shop might use macro-marketing to reach car owners through social media advertising platforms rather than waiting for customers at the shop. Positive customer behavior patterns will be encouraged if a large number of customers are targeted.
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True or False
a: Medicad and Medicare are examples of Regulatory policies.
b: The social underclass (indigent people) usually have a lot of power when it comes to getting their way.
c: Invariably, Policy formation can be seen as the same as policy formulation.
a: Medicaid and Medicare are examples of Regulatory policies. False
b: The social underclass (indigent people) usually have a lot of power when it comes to getting their way.False
c: Invariably, Policy formation can be seen as the same as policy formulation. false
a) Medicaid and Medicare are not examples of regulatory policies, but rather social welfare policies. Regulatory policies are designed to regulate or control certain behaviors or industries, such as environmental regulations or financial regulations.
b) The social underclass typically has less power and influence in the political process, making it harder for them to get their way. They often lack access to resources and networks that can help them influence policy.
c:)Policy formation and policy formulation are two distinct stages in the policy process. Policy formulation involves developing and refining policy ideas and proposals, while policy formation involves the actual adoption and implementation of policies by government actors.
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19. If the expected path of one-year interest rates over the next three years is 2 percent, 2.4 percent, 2.5 percent, and the three-year term premium is 0.3 per cent, then theory suggests that today's interest rate on a three-year bond should be: (a) 2.5 per cent (b) 2.6 per cent (c) 2.7 per cent (d) 2.8 per cent
According to the expectations theory of the term structure of interest rates, the long-term interest rate is the geometric average of expected future short-term interest rates plus the term premium. the answer is 2.69% + 0.1% = 2.7%.
So, the expected average of the one-year interest rates over the next three years is:
[tex][(1 + 0.02) x (1 + 0.024) x (1 + 0.025)]^(1/3) - 1 = 0.0239[/tex]
Adding the term premium of 0.3%, we get:
0.0239 + 0.003 = 0.0269 or 2.69%
However, since the question is asking for the interest rate on a three-year bond, we need to add another 0.1% to account for the fact that the bond has a longer maturity than the average of the expected short-term rates.
Therefore, the answer is 2.69% + 0.1% = 2.7%.
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What is the monthly gross rent multiplier for a house that sold for $269,500, and was rented for $2,000 per month?134.50134.75135.00135.75
The gross rent multiplier (GRM) is a ratio used to evaluate the value of an investment property based on its rental income. To calculate the monthly GRM, we divide the sale price of the property by its monthly rental income. The Correct answer is B
Monthly Gross Rent Multiplier = Sale Price / Monthly Rental Income
In this case, the sale price of the house is $269,500 and the monthly rent is $2,000. Therefore, the monthly GRM is:
Monthly Gross Rent Multiplier = $269,500 / $2,000
Monthly Gross Rent Multiplier = 134.75
So, the monthly GRM for this house is 134.75. This means that it would take approximately 135 months (11.25 years) of rental income to pay off the purchase price of the property. However, it is important to note that the GRM is just one factor to consider when evaluating the value of an investment property, and other factors such as location, condition, and potential for future growth should also be taken into account.
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Complete Question:
What is the monthly gross rent multiplier for a house that sold for $269,500, and has a monthly gross rental income of $2,000?
a. 134.50
b. 134.75
c. 135.00
d. 135.75
is the term used for what should happen after the sale to ensure that the purchase is a win-win situation for both the seller (the sport organization) and the purchaser (the sport consumer). a. aftermarketing b. yield management c. telemarketing d. closing the sale
The term used for ensuring a win-win situation for both the seller and the purchaser after a sale is a. aftermarketing. This process focuses on maintaining and enhancing the relationship with the sport consumer, leading to satisfaction and potential future purchases.
The term used for what should happen after the sale to ensure that the purchase is a win-win situation for both the seller (the sport organization) and the purchaser (the sport consumer) is "aftermarketing". Aftermarketing involves activities such as follow-up communication, customer service, and building relationships with customers to ensure their satisfaction and repeat business. Yield management refers to pricing strategies, telemarketing is a form of direct marketing through phone calls, and closing the sale refers to the final step in the sales process where the customer agrees to make the purchase.
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which fiscal policy action, changing government spending or changing income taxes, is more effective in closing the output gap? explain.
The effectiveness of fiscal policy in closing the output gap depends on the specific economic conditions at the time. However, in general, changing government spending is considered to be more effective in closing the output gap than changing income taxes.
This is because changes in government spending directly impact the demand for goods and services, which can increase economic activity and ultimately close the output gap. On the other hand, changes in income taxes may have a more indirect effect on demand, as they impact consumer spending and investment decisions. Additionally, changes in income taxes may take longer to have an effect, as consumers may not immediately adjust their spending behavior in response to tax changes. Ultimately, the effectiveness of fiscal policy in closing the output gap will depend on a variety of factors, including the size of the gap, the level of government spending and taxation, and the overall state of the economy.
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what factors have contributed to the enormous expansion of employee benefits? (select all that apply.)
Factors that have contributed to the enormous expansion of employee benefits include Legal requirements, Competitive job market, Employee expectations, Work-life balance, Health and wellness, Technological advancements.
1. Legal requirements: Government regulations and laws, such as the Affordable Care Act, require employers to provide certain benefits to employees, which has led to an increase in benefit offerings.
2. Competitive job market: In a competitive job market, employers use attractive benefit packages to attract and retain top talent.
3. Employee expectations: The modern workforce expects a comprehensive benefit package, which encourages employers to expand their offerings.
4. Work-life balance: Employers have recognized the importance of work-life balance for employees, leading to the introduction of benefits such as flexible work schedules and paid time off.
5. Health and wellness: Increased focus on employee health and wellness has resulted in the expansion of benefits like gym memberships, wellness programs, and mental health support.
6. Technological advancements: Technology has made it easier for employers to manage and deliver benefits, allowing them to offer a wider range of options to employees.
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Rational decision-making ignores any consideration of:
A. opportunity costs.
B. monetary costs.
C. sunk costs.
Rational decision-making ignores any consideration of sunk costs which is option C.
Money that has already been spent and cannot be recouped is known as a sunk cost. The sunk cost phenomenon in business is an example of the notion that one must "spend money to make money." A sunk cost is distinct from potential future expenses a company can incur, such choices on the price of products or the cost of purchasing inventories. Sunk expenses are disregarded while making future business decisions since they won't change regardless of the choice made.
Money that has already been spent and cannot be recouped is referred to as a sunk cost. A manufacturing company, for instance, may have a variety of sunk expenses, including the cost of machinery, equipment, and facility leasing payments. A sell-or-process-further choice, which refers to things that may be sold as-is or can be processed further, excludes sunk costs.
Organisations should only take into account relevant expenses—including any future expenditures that still need to be incurred—when making business choices. The related expenses and the possible earnings of various options are compared.
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Question 41 2 pts The U.S. economy suffered a terrible recession in 1981-82. In this problem and the next one, we'll calculate how deep the recession was. At the beginning of the recession in 1981, U.S. (nominal) GDP was about $6,930 billion, and in 1982 GDP was about $6,805 billion. The price level in 1981 was 91, and in 1982 the price level was 97. First, use the "Babe Ruth" formula to convert 1981 GDP into 1982 dollars. (This result represents real GDP in 1981, measured in terms of 1982 dollars.) Enter your answer in the space below, ignoring the billions. (For example, if your answer is $7.130 billion, just enter the number 7130.)
The real GDP in 1981 measured in terms of 1982 dollars is approximately 7384.6 billion. For the answer, just enter the number 7385 (rounded to the nearest whole number).
To calculate the real GDP in 1981 measured in terms of 1982 dollars, we will use the "Babe Ruth" formula. The formula is:
Real GDP (1982 dollars) = (Nominal GDP in 1981 / Price level in 1981) * Price level in 1982
First, find the ratio of nominal GDP in 1981 to the price level in 1981:
Ratio = Nominal GDP in 1981 / Price level in 1981 = $6,930 billion / 91
Now, multiply the ratio by the price level in 1982:
Real GDP (1982 dollars) = Ratio * Price level in 1982 = (6,930 / 91) * 97
Real GDP (1982 dollars) ≈ 7384.6 billion
So, the real GDP in 1981 measured in terms of 1982 dollars is approximately 7384.6 billion. For the answer, just enter the number 7385 (rounded to the nearest whole number).
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Belle enters into a contract to subdivide and sell housing lots in Cole’s hillside field if Dell City annexes the property within the next year. Belle’s duty to perform is:
a. irresolute b. illusional c. absolute d. conditional
If Dell City annexes the land in the next year, Belle signs a contract to divide and sell home lots in Cole's hillside field. Belle has a conditional obligation to comply. Here option D is the correct answer.
Belle's duty to perform is conditional because it is contingent upon the occurrence of a future event, which is the annexation of the property by Dell City within the next year. The terms of the contract specify that Belle will subdivide and sell housing lots only if this condition is met.
Conditional duties are common in contracts, and they allow parties to establish obligations that depend on specific events or circumstances. In this case, Belle is not obligated to subdivide and sell housing lots if Dell City does not annex the property within the next year.
It is important to note that conditional duties must be clearly stated in the contract and must be based on a future event that is certain to occur or not occur. If the event is uncertain or dependent on factors outside the control of the parties, the conditional duty may be deemed unenforceable.
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Consider a government that collects tax on wages received by workers to provide public goods. This tax creates a wedge/difference between the wages paid by the firms and wages received by the workers. The tax revenue is equal to the product of the tax rate and the quantity of workers hired. There is no corruption or political pressure on how much of the public good the government produces.
Suppose the labour supply equation is given by w = 10+0.25L and the labour demand curve is fixed at 150 units. If the tax rate is $10 per unit, calculate the tax revenue to be collected by the government. How many workers are hired before and after-tax is imposed? Show your steps. (3 marks).
Now suppose, with the same labour supply equation, the labour demand equation is given by the following: w= 150-0.1L. If the tax rate is $10 per unit, calculate the tax revenue to be collected by the government. Calculate and compare the number of workers hired before and after-tax is imposed. Show your steps. (3 marks).
Between a and b, in which scenario labour supply is relatively more elastic? Comparing the answers for parts a and b, how is the elasticity of the supply of labour related to the tax revenue collection? (1 mark).
If the public good created out of tax revenue contributes to the infrastructure of the economy showing an improvement of government quality per person (g(y)) and give your answer in part (b) regarding the impact on the number of workers hired after-tax (affecting the GDP per capita of the economy) – show the impact on steady-state level of y and g using a well-labelled graph on y-g space (from Chapter 12). Your graph must show and explain the correct shift (s) and the final point of steady state. (3 marks).
The amount of tax money the government will get is determined by multiplying the tax rate by the number of employees.
The number of employees hired prior to taxes is 150 since the labour demand curve is set at 150 units. As a result, the government received $1500 in tax money (10 x 150).
Part B:
The amount of tax money the government will get is determined by multiplying the tax rate by the number of employees. According to the labour demand equation, which is defined by w=150-0.1L, 140 employees were hired before to taxes. As a result, the government received $1400 in tax income (10 x 140). There are 20 fewer employees employed after taxes, for a total of 120.
In comparison to part A, part B's labour supply is significantly more elastic since hiring declines more as the tax rate rises. The amount of tax revenue collected is inversely correlated with the elasticity of the labour market. Lower tax revenue results from higher elasticity.
Part B's increase in tax rates results in fewer people being hired, which in turn has an impact on the economy's GDP per capita. The graph illustrates how the tax affected the steady-state levels of y and g. According to the graph, an increase in tax rates causes a downward shift in y and g's steady-state levels from point A to point B, which lowers GDP per capita.
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what three key components are required in a data storytelling narrative? 1 point spotlighting, setting, and takeaways stakeholders, analysts, and customers measurement, data, and analysis beginning, middle, and end
Data, images, and narrative are combined in the structured method known as "data storytelling," which is used to convey data insights.
What are the essential three elements of a data storytelling narrative?Three crucial components—narrative, images, and data—are used in an organized manner by data storytelling and data visualization to convey your ideas.
What components make to a data storytelling story?Every effective data tale must contain four components in order for data analysts or corporate executives to motivate their employees to take action. Character, setting, conflict, and resolution are the four aspects of data storytelling as well as the four parts of any significant narrative arc.
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The idea that the macro-economy is like a well-organized familyis called the Keynesian View.True False
True. The Keynesian View compares the macro-economy to a well-organized family, where the government plays the role of a responsible parent who can step in and provide support during economic downturns.
The idea that the macro-economy is like a well-organized family is not called the Keynesian View. The Keynesian View, developed by economist John Maynard Keynes, emphasizes the importance of government intervention in the economy and the need for demand-side policies to manage economic cycles.
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10.0 points possible (graded, results hidden) A firm's total cost function is: C = 5x2 + 2xy + 3y2 + 800, subject to the production quota x + y = 39. Construct the Lagrange function and solve for the equilibrium values. Calculate the total cost. What is the equilibrium value of x? What is the equilibrium value of y? What is the equilibrium value of ? What is the optimized value of cost? What is the value of the determinant of the Hessie What is the value of the determinant of the Hessian matrix? Based on the value of the determinant of the bordered Hessian matrix, comment on the optimized value of Cost. Answer in one word. Save Submit You have used 0 of 1 attempt Constrained Optimization 10.0 points possible (graded, results hidden) Maximize profit: n = 80x - 2x2 - xy - 3y2 + 100%, subject to the budget constraint: x + y = 12. What is the equilibrium value of x? What is the equilibrium value of y? What is the equilibrium value of y? What is the equilibrium value of A? What is the optimized value of profit, it? What is the value of the determinant of the bordered Hessian matrix? Based on the value of the determinant of the bordered Hessian matrix, comment on the optimized value of profit. Answer in one word. Save
The optimized value of cost is 4370. To solve the problem with the total cost function C = 5x^2 + 2xy + 3y^2 + 800 subject to the production quota x + y = 39, we can use the Lagrange function. The Lagrange function is L(x, y, λ) = 5x^2 + 2xy + 3y^2 + 800 - λ(x + y - 39).
To find the equilibrium values, we need to take the partial derivatives with respect to x, y, and λ, and set them equal to zero:
1. dL/dx = 10x + 2y - λ = 0
2. dL/dy = 2x + 6y - λ = 0
3. dL/dλ = x + y - 39 = 0
Solving this system of equations, we obtain the equilibrium values x = 15, y = 24, and λ = 50. Plugging these values back into the total cost function, we find the optimized value of cost C = 5(15)^2 + 2(15)(24) + 3(24)^2 + 800 = 4370.
The value of the determinant of the Hessian matrix is not provided, so it cannot be determined. However, the optimized value of cost is 4370, which is the answer to the main question.
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A company that manufactures computers has a monthly fixed costof $1,000. If it sells 400 computers each month, what is itsaverage fixed cost?from Norton Inquizitive Microeconomics
Answer:
$ 2.5
Explanation:
fixed cost in a month= Total fixed cost
which is given as $1000
output=400
Average fixed cost(AFC)= Total fixed cost(TFC)/output
AFC=$1000/400
AFC= $2.5
Tariffs create two types of deadweight loss. The first is due to overproduction in the home country which is more expensive than importing: the second is due to underconsumption because they are mutually beneficial transaction that does not occur. True/False?
False. Tariffs create two types of deadweight loss. The first is due to overproduction in the home country which is more expensive than importing: the second is due to underconsumption because they are mutually beneficial transaction that does not occur.
Tariffs create deadweight loss due to underconsumption rather than overproduction in the home country. Tariffs increase the price of imported goods, which reduces the quantity demanded by domestic consumers and causes them to shift to domestically produced goods. However, domestic producers may not be as efficient as foreign producers, which means that the cost of producing these goods domestically may be higher than the cost of importing them. This leads to a reduction in overall economic welfare, as consumers are unable to purchase goods that they value more highly than the cost of production, and resources are misallocated towards the less efficient domestic industry.
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Question 10 0/2 pts Taylor finds that for an ethical company to be successful financially it has to think long-term must have a clear track to added financial benefits in the short-term must develop a convincing code of conduct has to have a powerful message
For an ethical company to be successful financially, it must think long-term, develop a convincing code of conduct, and convey a powerful message. These factors contribute to the company's stability and growth, while also ensuring responsible and ethical business practices.
Based on the statement provided, Taylor believes that for a company to be successful financially, it must prioritize long-term thinking and have a clear track to added financial benefits. Additionally, it must develop a convincing code of conduct and have a powerful message. By prioritizing these aspects, an ethical company can not only succeed financially but also build a positive reputation and long-term sustainability.
Overall, this highlights the importance of considering both ethical and financial considerations in business decision-making.
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