Mr. Sky's division level responsibility will be treated as a(n) investment center.
Who is a manager?A manager is a professional who leads an organization and oversees a team of people. Managers are frequently in charge of a specific department inside their firm. There are various types of managers, but they all have responsibilities such as conducting performance reviews and making decisions.Who is a vice president?A company's vice president is often the second or third in command and assists the president by supervising internal operations and filling in when the president is unavailable. A vice president is a company's top-level supervisor who supervises department managers.Therefore, Mr. Sky's division level responsibility will be treated as a(n) investment center.
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Correcting a market with an externality through taxation is _________ correcting it through a set output target from command and control. Group of answer choices less efficient than as efficient as either more or less depending on the elasticity of demand more efficient than
Correcting a market with an externality through taxation is (A) less effective than correcting it through a set output target from command and control.
Correcting a market with taxation:The government can discourage the consumption of harmful products by raising taxes on them. Cigarette and alcohol taxes, for example, are raised on a regular basis to discourage their consumption and limit their adverse impacts on unconnected third parties.Command and control strategies:Command and control is a sort of environmental regulation that allows policymakers to expressly regulate both the amount and the procedure by which a company should maintain environmental quality.Correcting marketing is more effective than correcting manufacturing through taxation.Reason -As it is stated above Correcting marketing is more effective than correcting manufacturing through taxation.
Therefore, Correcting a market with an externality through taxation is (A) less effective than correcting it through a set output target from command and control.
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Correct question:
Correcting a market with an externality through taxation is _________ correcting it through a set output target from command and control.
Group of answer choices
A. less efficient than
B. as efficient as
C. either more or less depending on the elasticity of demand
D. more efficient than
Union members earn_____________________ than non-union members, even after adjusting for factors such as_____________________. about 10% more; racial discrimination and immigration. about the same; union dues and cost of lawyers for collective bargaining. about 20% more; years of work experience and education level. about 30% more; healthcare and retirement benefits.
Union members earn "about 20% more" than non-union members, even after adjusting for factors such as "years of work experience and education level.".
Who are Union and Non-Union members?Workers who band together and use their collective power to have a say in the workplace create a union.
Labour union members can bargain with employers about pay, benefits, workplace health and safety, job training, and other work-related problems from a position of power through their union.
Employee involvement in corporate decision-making through representative organisations is known as non-union employee representation.
The reasons for union workers paid more are-
Employees that are more productive get paid more - Unions assert that they may bargain for greater salaries for workers. In truth, higher pay rates result from employers in unionised organisations being more selective in the hiring process since they must find individuals who can produce more and do so with higher standards.To know more about the roles of labour union, here
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Columbia Corporation deposited $2,000 in an account that pays 12% interest annually. If the interest is compounded continuously, how much money will be in the account at the end of 20 years
The value of the money after 20 years is $45,103.29.
What is the value of the money after 20 years?The formula for calculating future value when there is continuous compounding is : A x e^r x N
Where:
A= amount e = 2.7182818 N = number of years r = interest rate#$2000 x (2.7182818 ^0.12) x 20 = $45,103.29
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Marketing intermediaries add value and create efficiencies by:
Marketing intermediaries add value and create efficiencies by:
a. providing convenience.
c. reducing the number of exchanges between producers & buyers
d. performing necessary activities such as storage and transportation
What are marketing intermediaries?Marketing intermediaries can be defined as organizations that are saddled with the responsibility of transporting goods and services from producers (manufacturers) to businesses, and from businesses to consumers (B2C).
This ultimately implies that, marketing intermediaries are able to add value and create efficiencies by providing convenience and performing activities such as transportation and storage.
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Complete Question:
Marketing intermediaries add value and create efficiencies by:
a. providing convenience
b. eliminating activities such as transportation & storage
c. reducing the number of exchanges between producers & buyers
d. Performing necessary activities such as storage and transportation
Marketing intermediaries add value and create efficiencies by performing necessary activities such as storage and transportation and reducing exchange between the buyers and the sellers.
What are marketing intermediaries?Marketing intermediaries can be defined as organizations responsible for transporting the goods and services of a business from manufacturer to the consumer.
This shows that marketing intermediaries add value and create efficiencies by providing convenience and performing activities such as transportation and storage.
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With imperfect conditions on the product side of the market, the MRP drops more quickly from a higher level of output and results in ___________ workers being hired than if the product market were perfect competition. With imperfect conditions on the product side of the market, the MRP drops more quickly from a higher level of output and results in ___________ workers being hired than if the product market were perfect competition.
The MRP drops more quickly from a higher level of output and results in Fewer workers being hired than if the product market were perfect competition.
What is Labor Economics?The study of the work force as a component of the production process is known as labor economics. All people who work for pay in the labor market, whether as employees, employers, or self-employed people, as well as those who are jobless but looking for work, are considered to be part of the labor force. In the field of labor economics, everything that has an impact on workers before, during, and after their working lives is studied. This includes childcare, education, pay and incentives, fertility, discrimination, their non-work time, and pension reforms. Labor markets can be geographically constrained within nations or regions or they can be worldwide. They function through the interaction of employees and employers. The mobility of workers inside and across these markets, as well as within and between their employers, is another focus of labor economics.Know more about Labor Economics with the help of the given Link:
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Universal life is a whole life policy that combines _____- life insurance and ____ elements.
Universal life is a whole life policy that combines __term___- life insurance and __investment__ elements.
Universal Life Insurance: What Is It?Permanent life insurance includes universal life insurance. If the insured person has a universal life insurance policy, they are protected for the rest of their lives as long as they continue to pay their payments and adhere to all other policy conditions. Universal life insurance combines lifelong protection with a savings element, known as "cash value," like many permanent life policies. The death benefit of the policy is distributed to your beneficiaries after your passing.
What advantages does universal life insurance offer?In addition to providing everlasting protection, universal life insurance has the following extra features:
The cash value of the policy may be withdrawn or used as collateral for a loan.You receive interest on your cash value.Premiums are flexible for you.A death benefit is a movable object.Learn more about insurance with the help of the given link:
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A Theory X manager would assume his or her workers are: Group of answer choices ambitious and want to work for as long as they are physically able desirous of more delegation lazy employees who can't be trusted desirous of promotions, raises, and more responsibility very optimistic
A Theory X manager would presume that all of his or her staff are irresponsible lazy members.
What does a lazy employee look like?These are the employees who will deliberately look for methods to avoid work, take unpaid leave while still carrying out their duties at the office, interfere with team initiatives, and inject negativity into many meetings and sprints. All of it contributes to the team's overall level of employee engagement. There are various reasons why workers are lazy.
How can you manage a lazy team member?Dealing With A Lazy Co-Worker: 12 Tips
Don't let them divert your attention.Make up your mind who you want to be.Do not let that influence how you feel.Do not gossip.Keep your distance from their practices.Don't take on the obligation of doing their work.learn more about lazy employee here
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A Theory X manager would presume that all of his or her staff are irresponsible lazy members.
Why do companies keep lazy employees?Because their innovative ideas can inspire others, lazy employees can benefit the entire team's problem-solving and communication abilities.What does a lazy employee look like?These are the employees who will deliberately look for methods to avoid work, take unpaid leave while still carrying out their duties at the office, interfere with team initiatives, and inject negativity into many meetings and sprints. All of it contributes to the team's overall level of employee engagement. There are various reasons why workers are lazy.When your employees are lazy?Provide ongoing departmental updates. Employees are more likely to be motivated and work harder when they can see actual results, thus it is important to keep them informed about the company's goals, targets, and accomplishments.Therefore, providing regular department updates to keep employees interested and motivated is one strategy to combat complacent workers.Learn more about lazy employee here:
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A variable is a data characteristic that stands for a value that changes or varies over Blank______. Multiple choice question. business process time
Data characteristics that represent a value that shifts or changes over time.
What makes a characteristic of data?Data quality features make sure you get the most out of your information in the commercial world of today. Your information is not valuable if it doesn't adhere to these guidelines. To increase your data's accuracy, completeness, dependability, relevance, and timeliness, Precisely offers data quality solutions.
What six properties do data have?Accuracy.
Validity.
Reliability.
Timeliness.
Relevance.
Completeness.
What qualifies as a variable data characteristic?The value of the variable's data type, which describes the sort of data a variable represents—such as a number, string, or date—is important to understand. The variable's range, which describes where the data is accessible and how long the variable lasts.
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Surveys should be worded so that participants will?
Surveys should have a word organization such that participants can:
respond accurately to each question within a few secondsread each question in 10 to 20 secondsHow should surveys be worded?Surveys should be worded such that the participant understands what is being asked of them and so respond accurately.
The questions should also be brief and concise to allow for them to be read in 10 to 20 seconds.
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On an indirect method statement of cash flows, a gain on the sale of plant assets is?
Deducted from net income in the operating activities section is the correct answer.
Under the Indirect method of cash flow statement, The companies must adjust net income to convert certain items to a cash basis.
The reconciliation starts with net income and converts it to net cash provided/ used by operating activities.
Net Income + Non-cash expenses + Loss on the sale of plant assets - Gain on the sale of plant assets - Increase in current asset account + Decrease in current asset account + Increase in current liability account - Decrease in a current liability account.
In this question, If a gain on the sale of plant assets occurs, The company deducts the gain from net income to determine the net cash provided by operating activities.
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The structured, measured set of activities designed to produce a specific output for a particular customer or market best defines: A. primary processes. B. production systems. C. formal systems. D. secondary activities. E. key business processes.
The structured, measured set of activities designed to produce a specific output for a particular customer or market best defines a key business process.
What is a key business process?The operations that are most important to your company's customers, employees, and bottom line are considered key business processes.By definition, a process or workflow is a series of recurring actions that a person or group of people must carry out in order for a business to function, accomplish objectives, and maintain a level of production. They are an essential component of the business setup and serve as the foundation for a successful operation.SOP is the end product of business process design. The ultimate result is standard operating procedures, which are the reference manuals used by personnel to make sure they can work independently on jobs and are aware of what they are doing at each stage.To learn more about Key business processes refer to:
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Marcia, Jan and Cindy own a 12-acre lot as joint tenants. They agree to partition the lot into three separate lots. Now each woman owns an individual interest in four acres. A. True B. False
The given statement is false.
People have an interest in self-protection, sporting delight, or hunting and so want to have guns and handguns. Society has an interest in decreasing accidents and deaths as a result of the usage of such gadgets as guns concerned with crimes or injuries.
In enterprise, self hobby specializes in actions or sports which are superb to a character or company. For a business or man or woman to live to tell the tale and develop, a degree of self-interest is necessary.
Person hobby is conceptualized as a notably strong affective-evaluative orientation in the direction of positive problem regions or items. An excessive degree of interest in a particular difficult vicinity entails close institutions among that subject vicinity and superb feeling- and cost-associated attributes (e.g., excitement).
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Erin developed a new type of exercise equipment she calls the Tush N' Tone. After unsuccessfully searching for potential investors, she arranged a personal loan and borrowed additional money from her parents. Her willingness to continue believing in her idea and to remain enthusiastic shows that Erin is:
The Tush N' Tone is a brand-new piece of fitness gear that Erin invented. She set up a personal loan and took out a second loan from her parents after trying in vain to find investors. Erin demonstrates her propensity for self-nurturing by continuing to be enthused about and believe in her proposal.
Entrepreneurship is a challenge as well as a fantastic opportunity, and success requires a certain set of skills. Being an entrepreneur is something that can be done in any way. With time, experience, and training, traits and behaviors like experimentation, perseverance, and invention can be acquired.Why people start their own business?The freedom, satisfaction, and flexibility that being their own boss affords is the main motivation for the majority of people. To continue expanding their startups, entrepreneurs must embrace new technology and utilize it to their advantage.Learn more about Entrepreneurship
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Choose one real-world example of combining public choice and rent seeking to evaluate.
Public Choice theory focuses on people's political decision-making processes. Rent seeking is the attempt to obtain a legal privilege that will allow you to earn money.
What is an example of Public Choice Theory?Public choice theory is frequently used to explain how political decision-making results in outcomes that contradict public preferences.
Many advocacy groups and pork barrel projects, for example, are not in the best interests of democracy as a whole.
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A concentration ratio measures the Group of answer choices None of the Answers are Correct. Dollar value of total industry output produced by the largest firms. Proportion of industry output produced by all firms. Proportion of industry output produced by the largest firms. Dollar value of total industry output produced by all firms.
A concentration ratio measures the (D) proportion of industry output produced by the largest firms.
What is a concentration ratio?Concentration ratios are used in economics to quantify market concentration and are based on a company's market share in a certain industry. Market share can be defined as a company's proportion of total sales in industry, its market capitalization as a percentage of total industry market capitalization, or any other statistic that represents a company's size and dominance relative to its competitors. A concentration ratio (CR) is the sum of the percentage market shares of (a certain number of) an industry's largest firms. An n-firm concentration ratio is a standard metric of market structure that displays the combined market share of the market's n greatest firms.What does a concentration ratio measure?Concentration ratios calculate the percentage of total sales accounted for by the industry's four largest firms.As is shown above that a concentration ratio calculates the percentage of total sales accounted for by the industry's four largest firms.
Therefore, a concentration ratio measures the (D) proportion of industry output produced by the largest firms.
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Correct answer:
A concentration ratio measures the:
A. Proportion of industry output produced by all firms.
B. Dollar value of total industry output produced by the largest firms.
C. Dollar value of total industry output produced by all firms.
D. Proportion of industry output produced by the largest firms.
E. None of the options are correct.
A concentration ratio measures the Proportion of industry output produced by the largest firms.
In economics, a concentration ratio refers to the ratio of the market shares of a particular company in relation to the entire market size. This ratio also measures the size of a company or firm in comparison to the size of the whole market.
The concentration ratio compares the size of firms in relation to their industry as a whole.
Low concentration ratio indicates greater competition in an industry, compared to one with a ratio nearing 100%, which would be a monopoly.
An oligopoly is apparent when the top five firms in the market account for more than 60% of total market sales, according to the concentration ratio.
Hence, The four-firm concentration ratio is the proportion of total output produced by the four largest firms in the industry and the eight-firm concentration ratio is proportion of total output produced by the eight largest firms in the industry.
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Veronica works in the purchasing department for Medical Center Hospital. She buys gloves, masks, and protective gear from Johnson Hospital Supply. Every month Veronica contacts Johnson Supply and places the order. She has used Johnson Supply for years and sees no reason to consider other companies. Veronica is a(n) _______. a. producer b. supplier c. satisficer d. optimizer
C. Satisficer
What is a satisficer?A decision-making method called satisficing aims for a satisfactory or adequate outcome rather than the best one. Satisficing concentrates on practical effort when faced with tasks rather than exerting maximal effort to achieve the ideal result. This is due to the possibility that pursuing the ideal outcome will result in an unnecessary drain on time, effort, and resources. In order to achieve the first feasible solution that yields minimally acceptable results, the satisficing strategy can involve taking a minimalistic approach. Satisficing reduces the range of options that are taken into account to obtain those objectives, eliminating alternatives that would necessitate more demanding, complicated, or impractical efforts in an effort to produce more ideal outcomes.
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Product differentiation Group of answer choices Involves charging different prices to different customers. Is a rarely successful advertising campaign. Involves advertising unique product features. Is commonly practiced in perfect competition and monopoly markets. None of the Answers are Correct.
Product differentiation (C) involves advertising unique product features.
What is product differentiation?Product differentiation is a marketing approach used to differentiate a company's products or services from those of its competitors. Successful product differentiation is recognizing and presenting a product's or firm's unique qualities while emphasizing the various differences between that product or company and its competitors. Product differentiation is synonymous with building a compelling value proposition in order to make a product or service appealing to a target market or audience.When a corporation promotes a feature of a new product to market that distinguishes it from others already on the market, this is an example of product differentiation. Tesla, for example, distinguishes itself from other automakers by producing vehicles that are unique, high-end, and battery-powered.As the definition above itself states, successful product differentiation is recognizing and presenting a product's or firm's unique qualities while emphasizing the various differences between that product or company and its competitors.
Therefore, product differentiation (C) involves advertising unique product features.
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Correct question:
Product differentiation is:
a. involves charging different prices to different customers
b. is commonly practiced in perfect competition and monopoly markets
c. involves advertising unique product features
d. is a rarely successful advertising campaign
A governmental fund Statement of Revenues, Expenditures, and Changes in Fund Balances reported of $30 million, including capital outlay expenditures of $9 million. Capital assets for that government cost $90 million, including land of $10 million. Depreciable assets are amortized over 20 years, on average. The reconciliation from governmental changes in fund balances to governmental activities changes in would reflect a(an):
The reconciliation from governmental changes in fund balances to governmental activities changes in would reflect a Increase of $5 million.
What are the 5 governmental funds?General, special revenue, capital projects, debt service, and permanent funds are the five categories into which the government divides its funds.What is a fund and how is it used in governmental accounting?A fund is an accounting entity having a self-balancing set of accounts used to record financial resources and liabilities as well as operating operations and which is segregated in order to conduct particular activities or meet specific objectives.
According to the question:
Depreciation expense = (90m-10m)/20.
= $4 millions.
= 9 million - 4million.
= Increase of $5 million.
Hence, Reconciliation from governmental changes in fund balances to governmental activities changes in net assets would reflect an (an) increase of $5 million.
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During its most recent fiscal year, Dover, Inc. had total sales of $3,160,000. Contribution margin amounted to $1,480,000 and pretax income was $370,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year
The company's contribution margin income statement for the year $1,105,000.
Contribution margin income
A contribution margin income statement is an income statement in which all variable expenses are deducted from sales to arrive at a contribution margin. Then, all fixed expenses are subtracted to arrive at the net profit or net loss for the period.
How do you calculate contribution margin income?
Calculate the operating income by subtracting your total fixed costs from the contribution margin, as they both appear on the contribution income statement. For example, if you have a contribution margin of $30,000 and fixed costs of $5,000, then you would have an operating income of $25,000.
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A department head deciding which project requests to submit is an example of: A. a preliminary investigation of the system problem or opportunity. B. requirements determination. C. identifying potential development projects. D. generating alternative initial designs. E. requirements structuring.
A department head deciding which project requests to submit is an example of: Identifying potential development projects.
A key member of top management, such as the CEO of a small or medium-sized business or a senior executive in a bigger firm, can carry out this process. A steering group made up of a variety of managers having a system interest.The modern enterprise as a whole is the scope of information systems. No matter where the information is located, managers, knowledge workers, and all other organizational members want to be able to quickly access and retrieve it.Cooperative, integrated enterprise systems that can readily facilitate information sharing are replacing the non-integrated systems utilized in the past (which created information islands).Building bridges between these islands is the obvious direction for information system development.Both corporate and information system management face substantial obstacles in achieving integrated enterprise-wide computing.So, this is the answer.
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A foreign currency ________ gives the purchaser the right, not the obligation, to buy a given amount of foreign exchange at a fixed price per unit for a specified period.
The answer is Option.
An option contract is an agreement between two parties to facilitate a potential transaction involving an asset at a preset price and date.
An options contract offers the buyer the opportunity to buy or sell, depending on the type of contract they hold. If the contract states buying it will be the Call option. On the other hand, if the contract states selling it will become a Put option.
Buying an option offers the right, but not the obligation, to purchase or sell the underlying asset.
Hence, A foreign currency Option gives the purchaser the right, not the obligation, to buy a given amount of foreign exchange at a fixed price per unit for a specified period.
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Which of the following is a benefit of small group training? Decreases client adherence to an exercise program Increases the cost per participant Decreases client motivation Reduces the cost per participant
Reduces the cost per participant is a benefit of small group training.
But, further to no longer breaking the bank, small organization schooling has been shown to boom camaraderie, responsibility, and achievement for individuals within the institution. When individuals work out in a collection, they set up relationships and make pals, which enables them to boom adherence to this system.
Growing small or massive group training sessions for customers with comparable dreams builds community, connections, and effects. This keeps customers greater inspired than if they exercise on their own. The social aspect brings teamwork, responsibility, and camaraderie to training, which is beneficial to customers and also to you.
While you educate personnel individually, they simplest have their instructor to communicate with. By training employees in a group putting, they are able to talk with the instructor as well as their co-people. Personnel may also study extra by using listening to the questions asked via their co-people than they could train on their personal.
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Which of the following can effectively minimize escalation of commitment? Group of answer choices Organizational goals are relatively ambiguous. The team leader has strong opinions about the preferred options for a problem. There are ready-made alternatives to resolve all problems. Those who make the decision are different from those who implement and evaluate it.
Escalation of commitment can be effectively minimized by ensuring that:
those who make the decision are different from those who implement and evaluate it.
What is the Escalation of Commitment?Commitment bias, also known as the escalation of commitment, describes our tendency to remain committed to our past behaviors, particularly those exhibited publicly, even if they do not have desirable outcomes.
Caused by unpleasant tension between belief in initial decision and negative feedback. To reduce tension, we increase our commitment to decision and rationalize current negative outcome by expecting future investment to yield eventual success.
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Can I Plss get some help on this
The reason the government monitors the size of the money supply is so that they can maintain stability and limit inflation.
Why should money supply be monitored?Money supply impacts the level of inflation in a country and therefore the stability of the nation as inflation is tied to economic stability.
The government would therefore try to maintain a level of money supply that leads to an inflation rate that is not too high or low, but will contribute to economic growth.
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A manufacturer has entered into a contract with a third party to perform services related to processing orders, managing inventory levels, and shipping products to customers. The company is engaged in
A manufacturer has entered into a contract with a third party to perform services related to processing orders, managing inventory levels, and shipping products to customers. The company is engaged in outsourcing.
Advertising, office and warehouse cleaning and website development are the best examples of outsourcing. Most business owners delegate authority to outsourced specialists when it comes to bookkeeping, maintenance, and recruitment. This helps enterprises to focus most of their resources on the main activity.
Outsourcing is the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure.
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According to the equal marginal principle, consumers maximize utility when they allocate their limited so that the utility per dollar spent on each of their final choices in a bundle is
According to the equal marginal principle, consumers maximize utility when they allocate their limited incomes so that the marginal utility per dollar spent on each of their final choices in a bundle is equal.
Utility in economics refers to the pleasure or advantage obtained from using a thing. A good or service's marginal utility quantifies how much pleasure or satisfaction consumers experience as a result of increasing or decreasing their usage by one unit. Three different kinds of marginal utility exist.
In economics, marginal utility is the extra pleasure or benefit (utility) a buyer receives by purchasing an extra unit of a good or service.
Disclaimer- The question was incomplete. Please find the full content below.
Question
According to the equal marginal principle, consumers maximize utility when they allocate their limited ___ so that the ____ utility per dollar spent on each of their final choices in a bundle is ___.
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A corporation created under the authority of a foreign country may be called a(n) __________. Multiple Choice distant corporation alien corporation external corporation offshore corporation imported corporation
Answer:
Alien corporation.
Saddler Inc. makes high quality leather seats for racing bicycles and sells them to many of the top bicycle manufacturers. There are eight available sources of the type of leather that Saddler uses, and all of them are located in the Republic of Anaerobia. Saddler has always dealt with only one company in the Republic of Anaerobia primarily due to its reasonable cost. Zappit Inc. has a contract with Saddler for 10,000 seats. Zappit has just received a letter from Saddler explaining that due to political turmoil in Anaerobia its supplier cannot export the product. Therefore, Saddler cannot complete the contract. Which of the following is most likely to be true in this scenario? Group of answer choices Saddler can be excused for nonperformance based on substantial performance. Zappit can sue for material breach, and Saddler cannot be excused for nonperformance. Saddler can be excused for nonperformance based on impossibility of performance. Zappit can rightfully file a lawsuit, and Saddler will be liable to pay Zappit damages for nonperformance. Zappit can sue for specific performance if the seats are typical of all bicycle seats and not special or unique in any way.
Saddler can be excused for nonperformance based on impossibility of performance.
What kinds of performance are impossible?There are two kinds of performance impossibilities:
When one party is unable to perform a duty but another party is able to do so in their place, this is referred to as a subjective impossibility.When it is impossible for anyone to carry out the obligations of the contract, this is known as an objective impossibility.Which of the following best illustrates an objectively impossible performance?Property that has been stolen or damaged, such as a contract for home remodeling that will be rendered useless if the house is demolished. the environment. natural catastrophe The government enacts legislation outlawing the performance.
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The part of disposable income not spent on current consumption (disposable income minus consumption) is called Group of answer choices saving marginal prosperity investment demand-pull inflation
The part of disposable income not spent on current consumption (disposable income minus consumption) is called savings.
Total personal income less current income taxes equals disposable income. Personal income less personal current taxes is referred to as disposable personal income in national accounts terminology.
An account in a retail bank is a savings account. Common characteristics include having a finite number of withdrawals allowed, not having check or connected debit card facilities, having few transfer choices, and not being able to become overdrawn.
Regular deposit, money market, and CDs are the three most popular forms of savings accounts. Regarding accessibility and level of interest, each one functions slightly differently. In addition to these accounts, there are other ways to save money.
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Suppose that the hypothetical country of Andesland suffers a chronic scarcity of its staple grain, quinoa. True or False: Andesland is restrained by the resources it has to satisfy the various wants of its residents.
Suppose that the hypothetical country of Andesland suffers a chronic scarcity of its staple grain, quinoa.
Andesland is restrained by the resources it has to satisfy the various wants of its residents. The given statement is true.
One of the core principles of economics is scarcity. It indicates that there is a gap between the supply of an item or service and the demand for it. As a result, customers, who ultimately drive the economy, may have fewer options due to scarcity.
Given such shortages are unheard of in wealthy nations, Andesland must be a developing nation. When a country's resources are insufficient to meet all of its citizens' needs, the situation is referred to as scarcity. Even though it is less obvious in wealthy countries, scarcity still occurs.
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