1. False. Firms with better technology may have a competitive advantage, but it does not guarantee the forceful exit of incumbent firms with worse technology. Market dynamics, barriers to entry, and other factors influence the outcome.
2. (d) complementarities. When one person's action provides an incentive for others to do the same action, it suggests the presence of complementarities, where the benefits or value of the action increase when more people participate.
3. The availability of cellphones among fishermen led to stable prices in the fish market due to improved communication and coordination, which reduced information asymmetry, facilitated price discovery, and enabled efficient market transactions.
1. False. While firms with better technology may have a competitive advantage and the potential to outperform firms with worse technology, the market outcome is influenced by various factors. These factors include barriers to entry, market dynamics, economies of scale, customer preferences, and strategic decisions made by both incumbent and new firms. The impact of technology on market competition can be illustrated using a graph depicting demand and supply curves. The firm with better technology may have a cost advantage, allowing it to lower prices or offer superior products, but the exit of incumbent firms also depends on their ability to adapt, innovate, and compete effectively.
2. (d) complementarities. When one person's action encourages or incentivizes others to take the same action, it suggests the presence of complementarities. Complementarities occur when the value or benefits of an action increase as more individuals engage in it. For example, in the case of network effects, the value of a communication platform or social network increases as more people join, creating a positive feedback loop and reinforcing the incentive for others to participate.
3. In the article "To Do With the Price of Fish," the introduction of cellphones among fishermen improved communication channels. This enabled them to quickly share information about their catch, market conditions, and prices. The improved communication reduced information asymmetry, allowing fishermen to make more informed decisions about when, where, and at what price to sell their fish. As a result, fishermen could coordinate their activities more efficiently, leading to a more stable market with less price volatility. The availability of cellphones facilitated real-time communication, which played a significant role in aligning supply and demand, reducing market inefficiencies, and contributing to price stability in the fish market.
Learn more about better technology here:
https://brainly.com/question/29808021
#SPJ11
$9000 coupon bond with a $400 coupon payment every year for 5 years has a coupon rate of A) 5 percent B) 8 percent C) 9 percent D) 4.4 percent
The coupon rate for a $9000 coupon bond with a $400 coupon payment every year for 5 years is D) 4.4 percent.
A coupon rate refers to the annual interest rate paid to a bondholder by a bond's issuer. It's the interest rate paid on a bond's face value in the form of an annual interest payment.
The formula for calculating the coupon rate is as follows:
Interest payment (coupon payment) every year / Bond's face value
The coupon rate of a $9000 coupon bond with a $400 coupon payment every year for 5 years is calculated as follows:
Interest payment (coupon payment) every year = $400
Bond's face value = $9000
The formula for calculating the coupon rate is:
Coupon rate = Annual coupon payment / Bond face value
Coupon rate = $400 / $9000Coupon rate = 0.044 or 4.4 percent
Therefore, the coupon rate for a $9000 coupon bond with a $400 coupon payment every year for 5 years is 4.4 percent.
To know more about Coupon visit :
brainly.com/question/29036738
#SPJ11
a card issued by a bank that allows users to finance a purchase.
Answer:
Credit Card
Explanation:
Credit Card: Type of card issued by a bank that allows users to finance a purchase.
The diagram to the right depicts pre-trade equilibria in Uplandia (point 1) and Downlandia (point 3). RD represents the relative demand for coal in each country, while the respective relative coal supply curves are Rs for Uplandia and RS or Downlandia. Determination of a World Relative Price Relative pric of coal, PcPs RS Assuming that sugar is land-intensive and coal is laborintensive, it must be true, given that RS is to the right of RStthat Downlandia is the-abundant country Knowing that trade between these countries will result in a world relative coal price between the pretrade prices, it will also happen that RS O A. workers in Uplandia and landowners in Downlandia are made better off. O B. workers in Downlandia and landowners in Uplandia are made better off. O C. workers in both countries are made worse off. RD D. both workers and landowners in Uplandia are made better off. Relative quantityoc+ac of coal,
The correct answer is B. Workers in Downlandia and landowners in Uplandia are made better off.
When RS is to the right of RSt (relative supply curve for Downlandia is to the right of relative supply curve for Uplandia), it indicates that Downlandia has a comparative advantage in coal production. In this case, it is the labor-intensive good. Uplandia, on the other hand, has a comparative advantage in sugar production, which is the land-intensive good. Therefore, when these countries engage in trade, Downlandia will specialize in coal production and export it to Uplandia, while Uplandia will specialize in sugar production and export it to Downlandia.
As a result, workers in Downlandia, who are abundant in labor, will benefit from increased employment opportunities and potentially higher wages due to the expansion of the coal industry.
Landowners in Uplandia, being abundant in land, will benefit from the increased demand for their land resources in sugar production. This specialization and trade allow both countries to exploit their comparative advantages, leading to improved welfare for the workers and landowners in their respective countries.
It's important to note that this scenario assumes that factors of production (labor and land) are specific to each country and not easily mobile between them. If factors of production were freely mobile, the distributional effects may differ.
Hence, the correct answer is B. Workers in Downlandia and landowners in Uplandia are made better off.
Learn more about production here: brainly.com/question/31781517
#SPJ11
the current federal unemployment taxes (futa) tax rate is 0.6%, and the state unemployment taxes (suta) tax rate is 5.4%. both taxes are applied to the first $7,000 of an employee's pay. assume that an employee earned total wages of $12,300. what is the amount of total unemployment taxes the employer must pay on this employee's wages? multiple choice $664.20. $0.00. $73.80. $420.00. $738.00.
The amount of total unemployment taxes the employer must pay on this employee's wages is $420.00
Amount of unemployment taxes = Wages on which taxes are to be applied x (FUTA tax rate + SUTA tax rate)
= 7000 x (0.6% + 5.4%)
= $420
An employee is someone who receives paid to paintings for a person or enterprise. people do not want to paintings complete time to be considered personnel—they actually want to be paid to paintings by means of an agency (the individual or business that pays them).
An instance of a worker is a sales accomplice at a retail save. since the worker have to whole duties in a specific manner, which includes wearing a call badge and greeting the purchaser with precise phrasing, the worker is taken into consideration an employee.
Learn more about employee here:https://brainly.com/question/1190099
#SPJ4
The best time to visit a college campus is:
A: During spring break
B: Over the summer
C: on any Friday
D: Monday Through Friday
Ap3x
Answer:
D.
Explanation:
The best time to visit a college campus is over the summer. Thus, option 'D' is the correct option.
When is the best time to do college tours?Since many universities start their autumn term as early as mid-August, it is ideal to visit during the late summer and early September before senior year. If you've already done your study in college, the spring of your junior year is a terrific time. If you participate in autumn sports or are thinking about applying under early action or early decision programs, which often have application deadlines in November of your senior year, spring break is also an excellent idea.
Seniors might find it more beneficial to postpone their visits until the fall or winter. Seniors may be able to restrict their college choices at that time. To entice them to enrol, several institutions offer their chosen prospects to stay a few days on campus before the May 1 reply deadline.
Learn more about college campuses, here:
https://brainly.com/question/13743177
#SPJ2
Remember, this set of exercises is for you to practice. Just do your best. 1. What amount of money will you have accumulated after 5 years, if $35,000 is invested at 12% payable every two months? a. Now consider the bank offers you a nominal simple rate equivalent to 15%. Which one do you prefer and why? 2. At what effective interest rate must $11,500 pesos need to be deposited to have $13,000 available at the end of a 3 -month term? Consider that the interest is compounded daily 3. You want to invest $30,000 for the next 3 years. How much interests you pay in each option? (Don't forget to show your procedures) a. 15% nominal b. 18% payable semi annual c. 17% payable every 4 months d. 16.5% payable every 3 months 4. Estimate the effective rates of the previous exercise. 5. Estimate the effective rate that is payable every 3 months equivalent to a nominal interest rate of 18% payable semi annual.
An effective interest rate of 18.81% payable every 3 months is equivalent to a nominal interest rate of 18% payable semi-annually.
1. Using the formula FV = PV × (1 + i/m)mt, where FV is the future value, PV is the present value, i is the interest rate per period, m is the number of compounding periods per year, and t is the number of years, we can calculate the amount of money that will be accumulated after 5 years as follows: FV = $35,000 × (1 + 0.12/6)6×5= $76,195.76
The bank offers a nominal simple rate equivalent to 15%, which means that the annual interest rate is 15%. To compare the two options, we need to calculate the effective interest rate of the second option, which takes into account the compounding frequency. Using the formula ieff = (1 + i/m)m - 1, where ieff is the effective interest rate, we get:ieff = (1 + 0.15/1)1 - 1= 15%Since the effective interest rate of the second option is the same as its nominal rate, we can choose either option. However, the first option has a higher effective interest rate of 12.55%, which means that it will generate more interest over time.
2. Using the formula FV = PV × (1 + i)n, where FV is the future value, PV is the present value, i is the interest rate per compounding period, n is the number of compounding periods, we can calculate the interest rate required to have $13,000 available at the end of a 3-month term as follows:
$13,000 = $11,500 × (1 + i/365)365×3$13,000/$11,500
= (1 + i/365)365×3$1.1304
= (1 + i/365)1095ln(1.1304)
= ln(1 + i/365)1095ln(1.1304) × 365
= i × 3i = 0.1449 or 14.49%
Therefore, an effective interest rate of 14.49% per annum compounded daily is required to have $13,000 available at the end of a 3-month term.
3. The interest paid for each option is:
Nominal rate = 15%FV = $30,000 × (1 + 0.15/1)1×3= $40,500
Interest = $40,500 - $30,000 = $10,500
Payable semi-annually at 18%
Nominal rate = 18%/2 = 9%FV = $30,000 × (1 + 0.09/2)2×3= $41,654.89
Interest = $41,654.89 - $30,000 = $11,654.89
Payable every 4 months at 17%
Nominal rate = 17%/3 = 5.67%FV = $30,000 × (1 + 0.0567/3)3×3= $41,453.25
Interest = $41,453.25 - $30,000 = $11,453.25
Payable every 3 months at 16.5%
Nominal rate = 16.5%/4 = 4.125%FV = $30,000 × (1 + 0.04125/4)4×3= $41,118.39
Interest = $41,118.39 - $30,000 = $11,118.39
4. The effective rates of the previous exercise are:
Nominal rate = 15%
Effective rate = (1 + 0.15/1)1 - 1= 15%
Payable semi-annually at 18%
Nominal rate = 18%/2 = 9%
Effective rate = (1 + 0.09/2)2 - 1= 9.2025%
Payable every 4 months at 17%
Nominal rate = 17%/3 = 5.67%
Effective rate = (1 + 0.0567/3)3 - 1= 5.9937%
Payable every 3 months at 16.5%
Nominal rate = 16.5%/4 = 4.125%
Effective rate = (1 + 0.04125/4)4 - 1= 5.0759%
5. Using the formula ieff = (1 + i/m)m - 1, where ieff is the effective interest rate, i is the nominal interest rate, and m is the number of compounding periods per year, we get: ieff = (1 + 0.18/2)2 - 1= 18.81%
Therefore, an effective interest rate of 18.81% payable every 3 months is equivalent to a nominal interest rate of 18% payable semi-annually.
To know more about equivalent visit:
brainly.com/question/32736366
#SPJ11
Which of these would be most likely to be included in CPI
Answer:
Frozen Pizzas
Explanation:
Info from the video:
"To calculate this index, the US Bureau of Labor Statistics uses a predetermined fixed basket of goods and services and averaging them together. The goods and services in this basket are developed from a survey of expenditures provided by individuals and families in a typical urban household."
Frozen pizza is an expenditure that could be bought by individuals and families in a household.
The properties of competitive intelligence include _____. (check all that apply.)
The properties of competitive intelligence include several key elements. Firstly, gathering and analyzing information about competitors is crucial. This involves collecting data on their products, strategies, market share, and customer base.
Secondly, understanding industry trends and market dynamics is important. This includes keeping track of changes in consumer preferences, technological advancements, and regulatory factors. By staying updated, companies can adapt their strategies accordingly and gain a competitive edge.
In summary, the properties of competitive intelligence involve gathering and analyzing competitor information, understanding market trends, maintaining confidentiality, and communicating insights effectively.
To know more about competitive intelligence visit:-
https://brainly.com/question/33560694
#SPJ11
Insurance protects you from associated risks, Match each scenario to the insurance
needed for protection.
Tyrell's son has leukemia
and will need cancer
medications
Someone broke into Maria's
house and stole her flat
screen TV and other values
Don wants to make sure his
family has enough money
to pay off the house if he
dies.
Jill broke both of her legs in
a skiing accident. She will
be out of work for several
months while she recovers
from her injuries.
Due to careless driving, Lisa hit another car and hurt the passengers inside.
1. Health insurance
2. Liability insurance
3. Life insurance
4. Homeowners insurance
5. Disability insurance
Matching each scenario to the insurance needed for protection.
Tyrell's son has leukemia and will need cancer medications- Health insurance.Someone broke into Maria's house and stole her flat screen TV and other values- Homeowners insurance.Don wants to make sure his family has enough money to pay off the house if he dies- Life insurance.Jill broke both of her legs in a skiing accident. She will be out of work for several months while she recovers from her injuries- Disability insurance.Due to careless driving, Lisa hit another car and hurt the passengers inside- Liability insurance.What is insurance?Insurance can be defined as a coverage that help to cover cost or expenses in case of unforeseen or unexpected circumstances such as:
AccidentFireTheft etc.Therefore Tyrell's son has leukemia and will need cancer medications- Health insurance.
Learn more about insurance here:https://brainly.com/question/25855858
#SPJ1
The owner of a landscaping business has noticed that none of his competitors are including ponds or other water features in the gardens they create. The landscaper wants to determine the viability of this business opportunity What should this entrepreneur do FIRST before offering to design and build water features as part of his landscaping business? оооо
Contact the water department to see if they can support the extra demand for water.
Ask the customers in the area if they are interested in adding a water feature to their gardens.
Determine if there is a supply chain available. Perform a financial audit to determine if there is
enough money available to add the new service.
What the entrepreneur should do FIRST before offering to design and build water features as part of his landscaping business is: Ask the customers in the area if they are interested in adding a water feature to their gardens.
LandscapingSince none of his competitors are including ponds or other water features in their gardens.
When determining the viability of the business opportunity the first step is for the owner of the landscaping business to all ask the customers in the area whether they are interested in adding a water features to their garden.
Inconclusion what the entrepreneur should do FIRST before offering to design and build water features as part of his landscaping business is: Ask the customers in the area if they are interested in adding a water feature to their gardens.
Learn more about landscaping here:https://brainly.com/question/25829717
Answer:
Ask the customers in the area if they are interested in adding a water feature to their gardens...
Explanation:
Explain how herbs are used in treating any
5 diseases
Answer:
An herb is a plant or plant part used for its scent, flavor, or therapeutic properties. Herbal medicines are one type of dietary supplement. They are sold as tablets, capsules, powders, teas, extracts, and fresh or dried plants. People use herbal medicines to try to maintain or improve their health.
Explanation:
Hope it helps u
FOLLOW MY ACCOUNT PLS PLS
Choose a country / economy of your interest. Write a short essayof 500- 1000 words on the history of exchange rate regimes in thatcountry starting from around 1973. Comment on whether you feel thec
When looking at the history of exchange rate regimes in a particular country, it's important to understand the context of the global economy during that time period. From around 1973, the world saw a shift towards floating exchange rates, which meant that the value of a country's currency was determined by market forces rather than being fixed to another currency or a commodity like gold.
In the case of Japan, the country experienced a period of rapid economic growth from the 1950s to the 1970s, known as the "Japanese economic miracle". During this time, Japan's exchange rate regime was fixed to the US dollar, which helped to maintain the competitiveness of Japanese exports and support economic growth. However, by the early 1970s, the US was experiencing high inflation and a weakening economy, which put pressure on the fixed exchange rate system. In 1971, the US abandoned the gold standard and allowed the dollar to float freely, which led to a revaluation of the yen against the dollar. Japan eventually shifted towards a floating exchange rate regime in 1973, which allowed the value of the yen to be determined by market forces. This helped to make Japan's exports more competitive and support continued economic growth. In the following decades, Japan experienced a number of economic challenges, including a real estate bubble in the late 1980s and a long period of deflation in the 1990s and 2000s. Throughout these challenges, the Japanese government and central bank intervened in the foreign exchange market to manage the value of the yen.
Overall, Japan's history of exchange rate regimes reflects the shifting global economy and the importance of maintaining competitiveness in the export sector. While the country has experienced a range of economic challenges, the flexibility of its exchange rate regime has helped to support growth and stability.
To know more about Japanese economic miracle click here:
brainly.com/question/26365734
#SPJ11
How many ase tests must be passed to become a master automotive technician?
eight exams total is necessary to pass in order to become a master automotive technician.
The required details for automotive technician in given paragraph
Who is a Automotive technician
As "a person who is trained or skilled in the technicalities of a subject," a technician is defined as "a person who is skilled in the technicalities of a subject."
Although this term is frequently used to refer to computer or lab technicians, it is also used in the automotive industry to describe automotive technicians. Like mechanics, technicians have specialized in technology, and they include motorbike, diesel, and marine technicians.
To know more about Automotive technician in the given link
https://brainly.com/question/24420258
#SPJ4
What was the rebellion in which an army of 1,500 disgruntled and angry farmers marched on springfield, ma and forcibly restrained the state court from foreclosing mortgages on their farms?
Shays' Rebellion was the rebellion in which an army of 1,500 disgruntled and angry farmers marched on Springfield, ma, and forcibly restrained the state court from foreclosing mortgages on their farms
This is further explained below.
What is Shays' Rebellion?Generally, The Shays' Rebellion was an armed uprising that occurred in Western Massachusetts and Worcester in opposition to increased efforts by the state government to collect taxes from individuals as well as their trades.
In conclusion, This was in response to a debt crisis that had occurred among the general populace of the area.
The majority of the fighting occurred in and around Springfield between the years 1786 and 1787.
Read more about Shays' Rebellion
https://brainly.com/question/19692099
#SPJ4
Producers use resources to make things that are needed by others.
a. True
b. False
A business advertises that everything in the store is an additional 10% off the already reduced prices. marcus picks out 2 shirts that are on a 30% off rack. if the shirts are originally priced at $28.99 and $30.29 and there is 6% sales tax, how much does marcus end up paying for them? a. $39.59 b. $37.70 c. $37.35 d. $35.57 please select the best answer from the choices provided a b c d
The amount that Marcus end up paying for the two shirts originally priced at $28.99 and $30.29 will be $39.59.
Suppose the value of which a thing is expressed in percentage is "a'
Suppose the percent that considered thing is of "a" is b%
Then since percent shows per 100, thus we will first divide the whole part in 100 parts and then we multiply it with b so that we collect b items per 100 items.
Thus, that thing in number is
a/100 × b
For this case, we're given that:
Cost of two shirts originally is $28.99 and $30.29
30% is off on each of them, so we get:
New price of each shirt = Old price of each shirt - 30% of old price of each shirt
New price of each shirt = 28.99- 28.99/100 × 30 and 30.29 - 30.29 / 100 × 30
This sums up to $41.496
Now, at this price, there'd be application of 10% additional discount.
That will make the new price as:
41.496 - 41.496/100 × 10 = 37.3464
Now, on this price, there'd be applied 6% sales tax
So, the amount he paid for 2 shirts = discount price + 6% tax on discounted amount
37.3464 + 37.3464/ 100 × 6= 39.59 dollars
To know more about discount refer:
https://brainly.com/question/15208981
#SPJ4
At what age can you start working?
Answer:
Explanation:
depends on where you live
Explanation:
It really depends on the jobs and requirements but you can USUALLY do small work like walking a dog or babysitting at 13-14
How do the elements of the marketing mix work together to help create a
marketing strategy?
Answer:
The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.
Explanation:
if you were a businessman,how would you handle home trade?
Answer:
1+1>2 effective and efficient
You have completed building out the physical aspect of your network in the new ACME, Inc. facility. Now let's get it up and running.
You will need to provide a plan for how to bring the network online.
Note: There are 5 departments moving into the facility
Accounts Receivables
Accounts Payables
Human Resources
Legal
Outside Sales
Your plan should include the following, this is not the entire list.
Network Switch Configurations
IP Addressing table and assignments/Subnetting strategy
Routing Tables (3 minimum routes/remember this is a remote office)
Remember to justify your choices
To bring the network online in the new ACME, Inc. facility, a plan would involve configuring network switches, designing an IP addressing table with subnetting strategy, and setting up routing tables.
How can the network be brought online in the new ACME, Inc. facility?Bringing the network online in a new facility. The first step is to configure the network switches, ensuring they are properly connected and functioning. This includes setting up VLANs (Virtual Local Area Networks) to segregate traffic and enhance security. Next, an IP addressing table needs to be designed, considering the requirements of the five departments. This involves assigning IP addresses to devices and implementing a subnetting strategy to efficiently utilize available IP addresses. Proper subnetting helps with network organization, scalability, and security. Additionally, routing tables need to be set up to establish connectivity with remote offices. At least three minimum routes should be configured to ensure redundancy and optimal network performance. The chosen routing protocols should align with the network's needs and infrastructure. Justifications for these choices should consider factors like security, scalability, and operational efficiency.
Learn more about facility
brainly.com/question/19262911
#SPJ11
which part of our body is affected by plogue pose?
Answer:
spine and shoulders are affected
The spine and the shoulders of our body part are mostly affectd by the plogue pose. It stretches our body muscles.
Plow PoseIt is a stretching exercise which keeps your body fit and flexible.
Doing stretching exercise regularly benefits the body mucles and tendons.
The plow pose is a stretching exercise where one positions his/her body upside down and keeps their feet bend over the head.
This pose affects our spine and also our shoulders.
Learn more about "exercise" here :
https://brainly.com/question/1365564
At her job of grooming horses, Polly Yaskovich worked 8 hours a day on Monday and Tuesday earning $67 each day. On Wednesday, she earned $82. On Thursday, she earned $78. How much must Polly earn on Friday, to have average earnings of $75 a day?
Answer:
Your answer is that she needs to earn $148 on Friday
Explanation:
Calculate Average:
(67 + 82 + 78) / 4 = 56.75 (Remember 67 is worth Monday and Tuesday)
We know that the number that the 4 numbers add up to has to be divisible by 5 because our we need to average 75 and we have 5 days to average on.
5 x 75 = 375
67 + 82 + 78 = 227
375 - 227 = 148
(67+82+78+148) / 5 = 75
Your answer is that she needs to earn $148 on Friday
The terms of a percentage lease state that rent is 3% of sales up to $100,000 and 2% of sales over $100,000. Your business plan projects monthly sales to average $190,000 per month. There is a $300 per month maintenance fee. What do you project as an average monthly rent plus maintenance fee? a) $5,100 b) $5,250 c) $5,500 d) $6,000.
Answer:
The projected average monthly rent plus maintenance fee is $4,100
Step-by-step explanation:In the question, we are told that the percentage lease terms state that rent is 2% of sales over $100,000
Since sales is $190,000 projected,
the percentage will be 2% of 190,000
= 2/100 * 190,000 = $3,800
we now proceed to add the monthly maintenance fee
That will be $3,800 + $300 = $4,10
To know more about projected visit:
https://brainly.com/question/19016083
#SPJ4
what is research analysis
Research analysis is the process of interpreting data that has been collected through research methods. It involves analyzing, interpreting, and evaluating the results of a research study to draw conclusions or develop insights.
Research analysis can be conducted using various methods such as qualitative and quantitative analysis. Qualitative analysis involves examining non-numerical data such as interviews, observations, and text, while quantitative analysis involves analyzing numerical data using statistical techniques. Both methods can provide valuable insights into a research question, and the choice of method depends on the research question, research design, and data collected.
Research analysis involves several steps such as cleaning and organizing data, identifying patterns, trends, and relationships within the data, and interpreting and drawing conclusions based on the data. It also involves identifying potential biases or limitations in the data and addressing them appropriately. In summary, research analysis is a critical component of the research process as it helps researchers to make sense of their data and draw meaningful conclusions from their findings.
For more such questions on Research
https://brainly.com/question/29685892
#SPJ11
Total expenditures for coffee reached a maximum at a price of $5 per lb. At this price the demand for coffee is
Answer:
" Unitary elastic" would be the correct approach.
Explanation:
Whenever the overall spending would be at the optimal energy, the production is component elastic, since the amount spent was hardly starting to fall as well as neither increasing. And therefore it is wonderfully sensitive to changement in price, and that's why the government spending is optimum as well as the quantity supplied would be unit elastic.Total expenditure then becomes the upper limit for unit quantity demanded besides coffee.
According to the Law of Demand as the price of cupcakes increases, the
quantity demanded?
Answer:
decreases.
Explanation:
the law of demand and supply states that, the higher the price, the less quantity is demanded
For Cindy’s position as the school nurse, she is required to keep her CPR and first aid certifications up to date. She organized a CPR and first aid course at the elementary school where she works. During the course, students are encouraged to practice CPR on dummies. As Cindy was doing her practice chest compressions, she sprained her wrist. Cindy visited the doctor, and he prescribed her physical therapy for her wrist. Which party is responsible for paying Cindy’s medical bills?
Answer:
the school where Cindy works
Explanation:
According to the rules created by Occupational Safety and Health administration, incidents that occurred toward the employees within the workplace environment or employer's premises are presumed to be work related.
Since Cindy sprained her wrists during her job, this can be related as a work-related injury or illness. Because of this, the employer will be the one that is responsible in paying Cindy's medical Bill. In this case, the employer is the school.
in a perfectly competitive labor market, an increase in the demand for the product followed by an increase in the quantity of skilled workers would cause:
In a perfectly competitive labor market, an increase in the demand for the product followed by an increase in the quantity of skilled workers would cause wages to rise.
A perfectly competitive labor market is one in which there are many firms and workers, and firms must pay the going wage rate to attract workers since all firms are price takers. When demand for a product rises, firms must produce more of it, which necessitates hiring more workers. When there is a limited supply of skilled workers, the cost of hiring them increases as demand rises.
Therefore, when there is an increase in the demand for the product followed by an increase in the quantity of skilled workers, wages in a perfectly competitive labor market would rise, and firms would be forced to pay higher wages to attract skilled workers.
You can learn more about competitive labor market at
https://brainly.com/question/29998425
#SPJ11
Lisi Crichton operates a variety store. Her brother does custom welding and made some racks to hold videos. Lisi gave her brother $5,000 cash and did not get a bill. A similar rack was on display at a department store for $1,000. You are told to book an expense on the company financial statement for $5000. What will you book the amount for?
Answer:
$1,000
Explanation:
Fixed assets must be recorded at historic cost or purchase value. Their valuation is not affected by changes in market values, e.g. land might appreciate over time, but its historic cost will be used for accounting purposes.
In this case, Lisi doesn't have a bill to show the price of the rack, and since she paid in cash, she has no way of proving what she actually paid for it. In this case, in order to record the purchase of the rack you must use the fair market value of similar racks.
Imagine if someone could just say that they purchased things at X price but didn't get a bill, soon people would be recording buying pencils at $500 each because they are gorgeous and perfectly crafted.
Sam has a change jar that contains only pennies and dimes. He
has 92 coins which add up to a total of $4.79. How many of each
type of coin does he have?
Sam has 49 pennies and 43 dimes.Let's assume Sam has x pennies and y dimes. The value of x can range from 0 to 92, while the value of y can range from 0 to 92 as well.
We can set up a system of equations based on the given information:
x + y = 92 (Equation 1)
0.01x + 0.10y = 4.79 (Equation 2)
To solve this system, we can multiply Equation 1 by 0.01 and subtract it from Equation 2:
0.01x + 0.10y - 0.01x - 0.92y = 4.79 - 0.92
0.09y = 3.87
y = 43
Substituting the value of y back into Equation 1:
x + 43 = 92
x = 49
Therefore, Sam has 49 pennies and 43 dimes.
to learn more about equation click:brainly.com/question/29657983
#SPJ11