The marginal revenue is $0.5 which is being earned if the company sells one more pencil.
What is total revenue?Total revenue is the amount being obtained by the firm after selling the goods and services in the market.
Given values:
Quantity sold: 10,000 units
Marginal quantity: 10,001 units
Equilibrium price: $0.50
Computation of marginal revenue earned:
[tex]\rm\ Marginal \rm\ revenue=\frac{ \rm\ Additional \rm\ revenue-\rm\ Total \rm\ revenue}{\rm\ Total \rm\ quanitiy - \rm\ Additional \rm\ quantity} \\\rm\ Marginal \rm\ revenue=\frac{ 10,001 \times\ \$0.50 - 10,000 \times\ \$0.50}{10,001-10,000} \\\rm\ Marginal \rm\ revenue=\frac{\$5,000.50-\$5,000}{1} \\\rm\ Marginal \rm\ revenue=\$0.50[/tex]
Therefore, when the company sells one more pencil then it earned a marginal revenue of $0.50.
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What might a concept include along with a brief written description of the product?
Along with a brief description of a product, a concept might include a visual image to satisfy the customer.
What is a Visual image?A visual image is a visible drawing or diagrammatic expression that represents a concept. A visual image gives an idea of the product and gives a detailed description of what to expect of the product.
When advertising a product, a visual image is needed to satisfy or convince a customer on the particular product.
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5. how do you think magellan's discoveries affected the market demand curve for
spices? what do you think is the main reseason for any change in the market demand
curve for cinnamon during the past 500 years?
Magellan's discoveries affected the market demand curve for spices by shifting it to the right which meant demand increased.
A change in the market curve for cinnamon would be due to an increase in demand.
How did Magellan's discovery affect the market for spices?Thanks to Magellan, Europeans were able to get more spices from India and SE Asia without having to go through Arabic lands.
This increase the supply of spices which led to the prices of spices falling. As prices fell, demand then rose to benefit from the lower prices.
This increase in supply was why the market demand curve for cinnamon changed.
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_____ is a guaranteed line of credit in which a bank makes a binding commitment to provide a business with funds up to a specified credit limit at any time during the term of the agreement.
A guaranteed line of credit in which a bank agrees in writing to offer a company is a revolving credit arrangement that allows for the use of a specific credit limit at any point during the agreement's term.
What exactly is a bank-guaranteed line of credit?
A LOC is an agreement that sets the maximum loan amount that a customer can borrow between a financial institution—typically a bank—and the consumer. If the borrower does not exceed the maximum amount (or credit limit) stipulated in the agreement, they may access funds from the LOC at any time.
The business gives the bank its promise in return for a commission charged on the unutilized money.
Revolving credit arrangement will be the appropriate term to put in the supplied gap.
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if the firm sells its product at the market price of $10 per unit, the marginal revenue product of the fourth worker is
The marginal revenue product of the fourth worker is $50
What is the marginal revenue product?The product of the fourth worker is equal to the marginal product of the fourth worker.
The amount that production increases when a fourth worker is added and multiplied by the price of the product.
MRP = (26-21)*$10
MRP = $50.
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The marginal revenue product of the fourth worker if the firm sells its product at the market price of $10 per unit is $50.
What is marginal revenue product?The marginal revenue product (MRP) of labor refers to the extra revenue earned by hiring an extra unit of labor.
Marginal product(MP): This is the the extra unit of output produced as a result of additional unit of input.
MRP of the fourth worker = MP of the fourth worker × price of the product.= (26 - 21) units × $10= 5 × $10= $50
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An increase in a firm's total asset turnover will:
An increase in a firm's total asset turnover means that the company is more efficient at using its assets.
What is Asset turnover ratio?Asset turnover ratio can be regarded as the ration that is found which describes the value of a company's sales and value of its assets.
It help the company to analyze the efficiency of the company in deploying its assets.
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Little LampLighter Inc has a book value of $10 million in debt; its bonds are trading at $900 and there are 11,000 outstanding. It also has a market value of equity of $25 million. Shareholders require a 14% return on their shares and creditors require an 8% before-tax return on their investment. The weighted average return required by investors in Spock Enterprises is Blank______%.
Based on the amount of debt and equity that Little LampLighter has, the weighted average rate of return would be 12.3%.
What is the weighted average rate of return?First find the total value of debt and equity:
= 10 + 25
= $35 million
The weighted average return is:
= (10 / 35 x 8%) + (25 / 35 x 14%)
= 2.286% + 10%
= 12.3%
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In the absence of taxes, the value of a firm is the same with debt financing as it is with equity financing because Blank______. Multiple select question. equity financing is actually better than debt financing debt financing is actually better than equity financing MM demonstrated that debt financing is neither better nor worse than equity financing in the absence of taxes the asset to be financed is the same
Debt financing is the process through which a business sells debt instruments to retail and/or institutional investors in order to raise funds for working capital or capital expenditures. The people or organizations receiving the funds become creditors and are given the assurance that the principal and interest on the loan will be paid back. The other method of raising money in the debt markets is by issuing stock in a public offering; this process is known as equity financing.
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which of the following is not correct with respect to using bcc for recipients of a message?
The option that is not correct with respect to using bcc for recipients of a message is this:
It should be the default for all correspondence.What is the Blind Carbon Copy?Blind carbon copy is a way of preventing the recipients of a bulk message from viewing the other addressees. While it is a very good privacy option, it is not expected to be the default for all correspondence.
Sometimes, the addressees might have to view their counterparts so BCC is enabled in such cases.
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In the nation of Hamsterville most goods, services, and resources are allocated in markets. However, some goods are provided by the government, such as healthcare and education.What kind of economic system does Hamsterville have
On the hamster farm, They are operating under a market economy, where resources, goods, and services are distributed through markets.
What is an economic system?
A society's or a specific geographic area's system of production, resource allocation, and distribution of products and services are known as an economic system or economic order.
In a market economy, private individuals rather than the government own the resources. The majority of products, services, and resources are distributed in marketplaces in the country of Hamsterville. But the government does supply some things, like healthcare and education.
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The monetary arrangements made at bretton woods resulted in what type of exchange rates assigned to member nations’ currencies?
The monetary arrangements made at bretton woods resulted in fixed exchange rates assigned to member nations’ currencies.
What is fixed exchange rate?Fixed exchange rate can be defined as the way in which currency does not varies but it is fixed.
When an exchange rate is fixed this means that the currency of a nation or country is fixed to another country currency and does not fluctuate or vary.
Therefore the monetary arrangements made at bretton woods resulted in fixed exchange rates assigned to member nations’ currencies.
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Question 9 of 12
Households play a role in the circular flow of goods by:
A. selling goods that companies produce.
B. providing natural resources to businesses.
C. designing and producing new goods.
D. purchasing goods at product markets.
Answer:
la A
Explanation:
Households are a important component in the circular flow of goods. They consume goods that companies produce. Hence, the correct answer is option A.
What is circular flow of goods?Money is utilized in the economy's circular movement to buy products and services. Money moves in the opposite direction from goods and services throughout the economy. Land, labor, capital, and entrepreneurship are all production elements.
The concept, also known as the circular flow of revenue, because it keeps the record of monetary flows between the sectors in to determine a nation's national income or GDP.
In the two-factor circular flow model, consumer spending moves money from homes to companies in return for the goods and services those businesses generate, and then company labor moves money back to households.
Therefore, in the circular flow of goods household buys goods that companies produce.
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A forecast that addresses the business cycle by predicting planning indicators is.
An economic forecast is a forecast that considers the business cycle by foreseeing planning indicators. a projection of the economy.
What do you mean by business forecasting?A projection of an industry's or firm's future developments made using historical and current data trends and patterns is known as business forecasting.
Types of forecasting :
Economic, the labor market, and company sales expansionexpectations are the three categories.
Thus,
The technique of forecasting the state of the economy using a variety of frequently used indicators is known as economic forecasting.
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The federal government’s health care program for older individuals is ________
_______ is the government’s health care program for low-income families.
Medicare, Medicaid
...
ExplanationAnswer:
medicare, medicaid
Explanation:
edmentum
Marketing ethics can be defined as: Group of answer choices a broad concept that relates to a firm's obligation to maximize its positive impact on society. that part of a corporate culture that relates to a firm's expectations about appropriate conduct. principles and standards that define acceptable marketing conduct. activities involving extra steps to increase the firm's overall positive impact on society, the local community, and the environment. the economic responsibility of making a profit.
Marketing ethics can be defined principles and standards that define acceptable marketing conduct.
What is Marketing ethics?Marketing ethics can be regarded as the principle that guides the process of marketing so as to be able to achieve the goal of increase in the profit of the organization.
Therefore, Marketing ethics can be defined principles and standards that define acceptable marketing conduct.
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When division of labor is extensive, a. employees are often highly challenged. b. employees specialize in many tasks. c. jobs tend to be large. d. employees specialize in a single task. e. employees are often inefficient.
When there is an extensive labor division than employees specialize in a single task. Thus the correct option is (D).
What is Division of labor?The concept of the Division of the labor is included in the 14 principles of Henry Fayol which refers to the breakdown of the work of the labor which is to be performed by the specific worker.
The Division of labor leads to the specialization of the specific task. In other words it can be said that the labor or worker becomes the expert in his particular field of job.
Therefore the correct option is (D).
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Archaeologists found an ancient inca tomb under an ordinary home in which world capital?.
An Ancient Inca tomb was founded by the archaeologists in the capital of Peru under an ordinary home.
Who were the archaeologists?
Archaeologists are the individuals who study the artifacts of historical eras and also excavate the sites that existed in the ancient era.
Archaeologists have found the tomb of the Inca civilization which was wrapped in cloth along with burials of ceramics and fine jewels of that time. It was a structure built over the time span of 500 years back. The tomb was one of the most prominent architects of the Inca civilization.
Therefore, the archaeologists found the tomb of the Inca Empire in the capital of Peru.
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if an economy is experiencing a cyclical downturn and output does not return to the secular growth trend, the economy is said to be experiencing ______.
If an economy is experiencing a cyclical downturn and output does not return to the secular growth trend, the economy is said to be experiencing structural stagnation.
What is structural stagnation?This stagnation is attached to economies that are matured and it occurs when growth rate do the economy decreases rather than increasing.
The population may be decreasing and yet the country is experiencing stagnation.
Therefore, If an economy is experiencing a cyclical downturn and output does not return to the secular growth trend, the economy is said to be experiencing structural stagnation.
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a(n) is a financial plan that sets forth management's expectations and, on the basis of those expectations, allocates the use of specific resources throughout the system.
Budget is a financial plan that sets forth management's expectations and, on the basis of those expectations, allocates the use of specific resources throughout the system.
What is a budget?A budget can be regarded as the spending plan which is been made on the income and expenses.
With good budgetting it is easier , to allocates the use of specific resources throughout the system.
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Kendall is in a convenience store considering which soda to buy. She recalls a commercial for Pepsi she saw on TV last night. Pepsi is running a promotion where you look under the bottle cap, and one in five bottles has a voucher for a free soda. If Kendall decides to purchase a Pepsi based on this promotion, which is framed in terms of _____, she will use a _____ strategy. Group of answer choices gains; risk-taking losses; risk-aversion losses; risk-taking gains; risk-aversion
The interaction of world supply and demand determines the equilibrium ______.
The interaction of world supply and demand determines the equilibrium world price.
What is Supply?Supply can be seen as the number of resources, goods, or products a producer or manufacturer is willing and able to provide to an individual or marketplace.
The relationship between the world supply and demand determines the level of equilibrium of the world price for that particular product.
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Categories for housing structures with different attributes include:
Categories for housing structures with different attributes includemultiple-unit dwelling.
What is housing structures?Residential structure can be regarded as the structure that is been used, which is very suitable for dwelling which could be a single- or multi-family home.
This could be categorized as :
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What are the human behaviors economists should observe when creating economic models?.
The human behaviors that economists look for when creating economic models are boundless rationality, boundless willpower, and boundless selfishness.
What is the relationship between human behavior and the economy?Economists analyze the motivation of individuals to make consumption decisions, identifying, for example, their needs and desires based on the costs and benefits of the goods and services available in the economy.
Therefore, human behavior is capable of influencing the economy by instituting economic decision-making.
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Select all that apply
Which two ideas form the foundation for the reinforcement perspective? (Choose every correct answer)
The ideas that form the foundation for the reinforcement perspective include organizational justice and job enlargement.
What is perspective?It should be noted that perspective simply means the point of view of an individual regarding a particular issue.
In this case, the ideas that form the foundation for the reinforcement perspective include organizational justice and job enlargement.
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Answer:law of effect
Operant conditioning
Explanation:
The depreciation method that does not initially use the residual value in depreciation calculations is the:.
The Double Declining Depreciation Method is the method of depreciation that does not initially factor in the residual value when calculating depreciation.
What is the Definition of Depreciation?Depreciation is the phrase used to describe the decline in asset value. Due to usage, deterioration, or obsolescence, an asset decreases value over time.
The unit of measurement for this drop is depreciation. A reduction in asset value, or depreciation, can be caused by a number of other factors, such as unfavorable market conditions, etc.
Double declining depreciation method refers to the depreciation process that involved a twofold decline in asset value.
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The costs incurred by the firm when new issues of stocks or bonds are sold are called:
The costs incurred by the firm when new issues of stocks or bonds are sold are called: Flotation costs.
What are flotation costs?When publicly trade companies issues new securities, these are the costs that are incurred.
These would make the new equity that this firm has to be more expensive than it formerly was.
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The costs of producing, distributing and promoting the product will all influence the product's:
The costs of producing, distributing and promoting the product will all influence the product's PRICE
What are products?Products are goods and services offered by an organization. These products can be tangible or intangible. Most intangible products are in form of ideas.
The costs of producing, distributing and promoting the product will all influence the product's price. The higher the price, the lower the level of demand and vice versa.
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To determine the efficiency of a batch of production of electric motors, 8 motors are tested. The average efficiency of the sample is calculated to be 88.5% and the standard deviation of the sample is 0.5 percentage point. (a) Determine a 95% confidence interval for the mean efficiency of the given batch of motors. (b) If we want to cut the confidence interval to one third, how many more motors should be tested
The 95% confidence interval for the mean efficiency of the given batch of motors is 0.885 [tex]\pm[/tex] 0.418 and 41 motors should be tested to cut the confidence interval to one-third
The 95% confidence intervalThe given parameters are:
Mean, [tex]\mu[/tex] = 88.5%Standard deviation, [tex]\sigma[/tex] = 0.5Sample size, n = 8Here, n is less than 30.
So, we use the t-score
At 95% confidence interval and n = 8, the t-score is:
t = 2.365
So, we have:
[tex]CI = \mu \pm t\frac{\sigma}{\sqrt n}[/tex]
So, we have:
[tex]CI = 88.5\% \pm 2.365 * \frac{0.5}{\sqrt {8}}[/tex]
[tex]CI = 88.5\% \pm \frac{1.1825}{\sqrt(8)}[/tex]
Evaluate the quotient
CI = 88.5% [tex]\pm[/tex] 0.418
Express percentage as decimal
CI = 0.885 [tex]\pm[/tex] 0.418
Hence, the 95% confidence interval for the mean efficiency of the given batch of motors is 0.885 [tex]\pm[/tex] 0.418
The number of motors to be testedWhen the interval is cut into one third, we have:
[tex]CI = \frac 13 * (0.885 \pm 0.418)[/tex]
Evaluate
[tex]CI = (0.885 \pm \frac 13 *0.418)[/tex]
[tex]CI = (0.885 \pm 0.139)[/tex]
Recall that:
[tex]CI = \mu \pm t\frac{\sigma}{\sqrt n}[/tex] or [tex]CI = \mu \pm z\frac{\sigma}{\sqrt n}[/tex]
Here, we use the z-score i.e.
[tex]CI = \mu \pm z\frac{\sigma}{\sqrt n}[/tex]
By comparison, we have:
[tex]z\frac{\sigma}{\sqrt n} = 0.139[/tex]
Substitute [tex]\sigma[/tex] = 0.5 and z = 1.960
[tex]1.96 * \frac{0.5}{\sqrt n} = 0.139[/tex]
Evaluate the product
[tex]\frac{0.98}{\sqrt n} = 0.139[/tex]
Solve for [tex]\sqrt n[/tex]
[tex]\sqrt n = \frac{0.98}{0.139}[/tex]
Evaluate the quotient
[tex]\sqrt n = 7.1[/tex]
Square both sides
n = 49
The initial sample size is 8.
Subtract 8 from 49
Difference = 49 - 8
Difference = 41
Hence, 41 motors should be tested to cut the confidence interval to one-third
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QUESTION 1/10
A loss is when:
Ce
A. Revenue is greater than expenses.
C. Revenue is equal to expenses.
B. Revenue is less than expenses.
D. None of the above.
Answer:
B. Revenue is less than expenses
Explanation:
Business loss is a condition that arises when a business fails to earn enough income to pay all of its operating expenditures. A business loss might result from routine business operations or from an unusual occurrence that disrupts business operations. A business loss is recorded in an income statement by auditors. A typical operational loss occurs when a corporation loses more money than it earns within a certain time.
Which type of policy determines benefits based on a relative value scale?
The type of policy determines benefits based on a relative value scale is known as Hospital indemnity.
What is Hospital indemnity?Hospital indemnity insurance is known to be a kind of supplemental coverage that is said to often aid a person's health insurance with financial protection.
Therefore, note that The type of policy determines benefits based on a relative value scale is known as Hospital indemnity.
See options below
A. Hospital indemnity
B Major medical
C Dental expense
D Basic surgical expense
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What country borders the caspian sea, the persian gulf, and the gulf of oman?.
Iran, is the country that borders the Caspian sea, the Persian gulf, and the gulf of Oman.
Which countries lie along the Caspian sea, the Persian gulf and the gulf of Oman?Iran country lies in the Middle-East of the Iraq and Pakistan, that borders the Caspian sea, the Persian gulf, and the gulf of Oman.
The inland sea is connected to the Gulf of Oman from the East and the countries that lie along the Persian Gulf and the Gulf of Oman are Oman, Iraq, Kuwait, Saudi Arabia, etc.
Strait of Hormuz connects the the Persian Gulf to the Arabian Sea.
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