[4 pts] Firm XYZ operates in a perfectly competitive market where price is equal to 10. The firm has the total cost function TC(Q)=18+2Q+ (1/2)Q2. How much does the firm produce? What is the markup for firm XYZ?
Answers
In this question, we are given the following information:
Firm XYZ operates in a perfectly competitive market where price is equal to 10.
The firm has the total cost function TC(Q)=18+2Q+ (1/2)Q^2. We need to calculate how much the firm produces and what is the markup for firm XYZ.
Let's solve each part of the question below. In a perfectly competitive market, the firm produces where its marginal cost (MC) is equal to the market price (P).
MC(Q) = TC(Q)/QTo
we need to differentiate the given TC equation w.r.t Q. TC(Q)=18+2Q+ (1/2)Q^2 d(TC)/dQ = 2 + QMC(Q) = 2 + Q Now, we equate MC and P, we get: 2 + Q = 10 Q = 8Therefore, the firm produces 8 units. Markup for firm XYZ
The markup is given as the ratio of the price charged by the firm above its marginal cost expressed as a percentage. markup = (P - MC)/MC * 100 markup = (10 - (2 + 8))/8 * 100 markup = 12.5%Therefore, the markup for firm XYZ is 12.5%.
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Related Questions
Nathan calculated his company’s economic order quantity and categorized all production costs. One cost was related to the cost of storing milk in the freezers, and another cost was related to the insurance expenses that covered the company’s inventory. To which cost category would Nathan assign these costs?
Answers
The cost category which Nathan would put the insurance expenses is in the fixed cost per order.
What is Production Cost?This refers to the sum total of all the costs which a company has when producing a good or service.
Hence, in this case, because Nathan is making calculations of the company’s economic order quantity and he has to make a category of the production costs, he would have to put the insurance expenses is in the fixed cost per order.
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Which of the following is NOT a basic statistic?
Mean
Area
Median
Mode
Answers
the answer is AREA (b) bcos all the other are general basic statists
explain advertisement
Answers
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
A microwave oven costs $124.85 before it is marked down. If it is marked down by 63%, what is its new price, to the nearest cent?
A. $78.66
B. $61.85
C. $58.68
D. $46.19
Answers
Answer:
A
Explanation:I could be wrong.
63%x124.85=78.6555
$46.19 is its new price, to the nearest cent. Thus option D is correct.
What is the marked down?Markdown pricing refers to lowering a product's market value in order to boost sales. Markdowns are used in retail to boost customer demand for things that are in low supply, typically for a sufficient period of time to exhaust the item's stock.
It is used to boost an item's velocity, usually for removal at the end of a season or to get rid of outdated goods when their useful lives have passed.
The cost that was provided was of a microwave was $124.85
it is marked down by 63%
The new price will be calculated with the help of the deduction of the marked down
100 - 63 will give the price of the now paying price that will be charged for microwave.
= $124.85 * (100% - 63%)
= $124.85 * 37 %
= $124.85 * 0.37
= 46.1945
= $46.19 approximately
Therefore, option D is the correct option.
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Which of the following is an advantage of renting over
advantage of renting over buying a home?
Answers
Answer:
having to make a down payment..
An advantage of renting over buying a home and having to make a down payment. The correct option is D. Financial risks are lower when renting. You are aware of the precise monthly rent payment you will be making.
What is the most significant advantage of renting?The three biggest advantages of staying a renter, in Ramsey's opinion, are having more flexibility if you decide to move, not having to pay for home maintenance, and not having to spend as much money initially. Additionally, your landlord will handle all necessary repairs, upkeep, and other costs. There is no additional cost.
Renting offers convenience, consistent monthly costs, and maintenance assistance. Along with the concrete advantages of tax deductions and equity, home ownership also offers intangible advantages like a feeling of security and pride in one's possession.
Thus, the ideal selection is option D.
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on march 31, 2024, a company sells $1,200 of gift cards to customers. the gift cards expire one year from the date of sale. what entry should the company record on march 31, 2024?
Answers
Debit Cash, $1,200; credit Deferred Revenue, $1,200 this entry should be the company record on march 31, 2024.
A company is a felony entity fashioned by way of a collection of individuals to engage in and perform an enterprise—industrial or industrial—business enterprise. A corporation may be organized in various approaches for tax and economic legal responsibility functions relying on the corporate regulation of its jurisdiction.
Top corporations have leaders who might be decisive in relation to steering the corporation's path. They understand how to construct sturdy relationships and offer open communique with their employees. They motivate their group and maintain everybody to excessive standards of duty and responsibility.
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Why do lenders often require a down payment when credit is used to purchase a good?
It reduces risk to the lender.
It eliminates interest charges.
It reduces the cost of the financed good.
It increases the cost of financing the good.
Answers
The payments are done through a down payment reduces the risk to the lender and therefore the lender requires down payments when credit is used to purchase a good. Thus (A) is the correct option.
What is a down payment?The amount of money that a purchaser pays on the purchasing of any expensive object. The down payment showcases a portion of the total purchasing amount.
It is made in the initial stage of purchasing. It reduces the risk of the lender and therefore, (A) is the correct option.
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Give four future of labour
Answers
MARK "BRIANLIEST!"
1. Government. Government holds much sway over the free markets. ...
2. International Transactions. The flow of funds between countries effects the strength of a country's economy and its currency.
3. Speculation and Expectation.
4. Supply and Demand.
MARK "BRIANLIEST!"
A financial institution that accepts deposits makes loans and provides other services as a nonprofit organization is called a:
A. Credit Union
B. Retail Bank
C. Title Pawn Lender
D. Payday Lender
Answers
Credit Unions are nonprofit financial institutions that accept deposits, provide loans, and offer other services. As a result, choice (A) is right.
What is meant by a nonprofit organization?A nonprofit organization (NPO) or non-profit organization is a legal entity organized and operated for a collective, public, or social benefit, as opposed to an entity that operates as a business with the goal of making a profit for its owners. It is also referred to as a non-business entity,[1] or nonprofit institution,
The non-distribution constraint applies to nonprofit organizations, which means that any surplus funds must be used to further their mission rather than being distributed to other parties.
A wide range of organizations, including certain political organizations, schools, business organisations, churches, social clubs, and consumer cooperatives, are nonprofit. Governments may grant tax-exempt status to nonprofit organizations, and some may be eligible for tax-deductible donations. However, an organization can establish as a nonprofit organization without obtaining tax-exempt status.
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Judging is:
Select the best answer choice.
A.
One's openness and flexibility to new information
B.
Perceiving people
C.
Responding to what the world throws at an individual
D.
Imposing order on the outside world
Answers
Derivative instruments include:A) stocks.B) preferred stocks.C) stock options.D) all the above.
Answers
Derivative instruments include stock options as stocks and preferred stocks are considered equity instruments, not derivatives. Option C.
What is a Derivative instrument?
A derivative is an instrument whose value is derived from the value of one or more underlying, which can be commodities, precious metals, currency, bonds, stocks, stocks indices, etc.
What does an accounting derivative mean?
Accounting problems A contract that derives its value from changes in an underlying variable is known as a derivative. For instance, the price of the underlying stock determines the value of a stock option contract; if the price of the stock varies.
A financial instrument or another contract that falls under the purview of this Standard and possesses all of the following features is referred to as a derivative. (a) Its value fluctuates in response to changes in a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, or credit rating.
Hence, the right answer is option C. Stock options.
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Bakery has bought 250 pounds of muffin dough. They want to make waffles or muffins in half-dozen packs out of it. Half a dozen of muffins requires 1 lb of dough and a pack of waffles uses 3/4 lb of dough. It take bakers 6 minutes to make a half-dozen of waffles and 3 minutes to make a half-dozen of muffins. Their profit will be $1.50 on each pack of waffles and $2.00 on each pack of muffins. How many of each should they make to maximize profit, if they have just 20 hours to do everything?
Answers
Answer and Explanation:
The number of packets of waffles is W
and the number of muffins are M
The weight of dough is 250 pound and a pack of muffins requires 1 lb of dough whereas a pack of waffles uses 3/4 lb of dough.
3÷4W+M≤250
Multiplying both sides by 4
3W+4M≤1000
It takes bakers 6 minutes to make a packer of waffles and 3 minutes to make a pack of muffins, the total time available is 20 hours or 1200 minutes.
3M+6M≤1200
Minus the initial equation from the new equation:
(3M+6M≤1200)−(3W+4M≤1000)
2M≤200
Dividing equation by 2
M≤100
For M≤100
3W+4M≤1000
3W≤1000−4M
For the Maximum values of M
the least value of W is obtained
3W≥1000−4×100
3W≥600
Dividing the equation by 3
W≥300
For maximum profit, the number of waffles and muffins is taken as 300 and 100 respectively :
1.5∗300+2∗100
=650
In real estate describe how you would rectify this complaint with the potential buyer. Refer to at least two communication strategies in your answer
Answers
To rectify a complaint with a potential buyer in real estate, it is important to use effective communication strategies. Two such strategies are active listening and empathy.
Firstly, it is important to actively listen to the potential buyer’s complaint. This involves giving them your full attention, avoiding interruptions, and asking clarifying questions to ensure that you fully understand their concerns. By actively listening, you demonstrate that you value their feedback and are committed to addressing their concerns.
Secondly, it is important to show empathy towards the potential buyer. This involves acknowledging their feelings and expressing an understanding of their perspective. By showing empathy, you can build rapport with potential buyers and help them feel heard and understood.
Once you have actively listened to the potential buyer’s complaint and shown empathy towards their concerns, you can work towards finding a solution that addresses their needs. This may involve offering a compromise or taking steps to rectify the issue that led to the complaint. By using effective communication strategies such as active listening and empathy, you can help resolve the complaint and maintain a positive relationship with the potential buyer.
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What isa premises account
Answers
Answer:
A current asset is any asset that will provide an economic value for or within one year. Premises, or the property where business is done, is a part of the property, plants, and equipment, or PP&E, account. All PP&E has a useful life longer than one year, premises included, so it is considered a non-current asset.
Hope it helps. pa brainliest pa follow nadin tysm gomo
who ready for some questions?
Answers
Answer: I’m ready
Explanation:
global market distribution system and because the Breathe Right strips complemented the 3M first-aid product line.Refer to Breathe Right. To market the nasal strips in countries outside the United States, CNS and 3M provided the strips to the national sports teams. For example, sales in South Africa took off when the entire South African rugby team wore the strips when they won the World Cup of rugby. This example primarily illustrates the use of which element of the global marketing mix
Answers
Answer:
Promotion
Explanation:
Marketing mix is a combination of factors which are controlled by the organization for influencing customers. There are 4Ps in the marketing mix, people, process, promotion, product. In the given scenario emphasis is laid on the promotion.
darlene runs a fruit and vegetable stand in a medium-sized community where there are many such stands. her weekly total revenue equals $2,000. her weekly total cost of running the stand equals $3,500, consisting of $2,500 of total fixed costs and $1,000 of total variable costs. an economist would likely advise darlene to: group of answer choices
Answers
To answer your question about Darlene running a fruit and vegetable stand with a weekly total revenue of $2,000 and a weekly total cost of $3,500, consisting of $2,500 of total fixed costs and $1,000 of total variable costs, I will provide a step-by-step explanation.
1. First, let's understand the key terms:
- Total revenue: The total amount of money Darlene earns from her fruit and vegetable stand every week.
- Total cost: The total amount of money Darlene spends to run her fruit and vegetable stand every week.
- Fixed costs: The costs that don't change with the level of production, such as rent or insurance.
- Variable costs: The costs that vary depending on the level of production, such as the cost of fruits and vegetables.
2. Now, let's calculate Darlene's weekly profit or loss:
Weekly profit/loss = Weekly total revenue - Weekly total cost
= $2,000 - $3,500
= -$1,500
3. Analyze the situation: Since Darlene's weekly profit is -$1,500, she is operating at a loss.
4. Consider the advice an economist would give: Since the loss primarily comes from fixed costs, which cannot be reduced in the short run, an economist would likely advise Darlene to continue operating her stand in the short term, provided that her total revenue exceeds her variable costs ($2,000 > $1,000). In the long run, she should analyze the market and determine if her business can become profitable by adjusting prices, lowering costs, or finding ways to increase revenue. If the losses continue, she may need to consider closing her stand or finding alternative ways to utilize the resources.
So, an economist would likely advise Darlene to continue operating in the short term but reassess her business model and profitability in the long run.
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1. List one communication tool businesses might use. For that communication tool, identify how the tool can improve efficiency for a business
Answers
IM can improve efficiency by enabling real-time communication, collaboration, and reducing the need for lengthy email exchanges.
Instant messaging is a communication tool that allows individuals to exchange messages in real-time through a digital platform. It offers several benefits that can enhance efficiency within a business. Firstly, IM enables instant communication, allowing employees to quickly share information, ask questions, and receive immediate responses. This eliminates the delays associated with traditional forms of communication like email or phone calls, leading to faster decision-making and problem-solving.
Furthermore, IM supports collaboration among team members, especially in remote or geographically dispersed settings. It provides a convenient platform for sharing files, discussing ideas, and coordinating tasks, fostering effective teamwork and enhancing productivity. Team members can easily communicate with each other, seek clarifications, and stay updated on project progress, leading to streamlined workflows and efficient project management.
Moreover, IM can reduce the reliance on lengthy email exchanges by offering a more concise and informal mode of communication. This helps in avoiding the clutter of overflowing inboxes and allows employees to focus on essential tasks. By utilizing IM as a communication tool, businesses can promote efficiency, improve internal communication, and foster a more agile and collaborative work environment.
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A Suspense Account was opened for an
error of $30 found in the Trial Balance. Later
it was observed that sales were understated
by $30. This item would be corrected in the
journal by
Answers
The main answer is: Debiting Sales Account and Crediting Suspense Account.
To correct the error of understating sales by $30 in the journal, the Sales Account should be debited and the Suspense Account should be credited. This will rectify the understatement of sales and ensure that the Trial Balance reflects the accurate financial information.
When an error is identified in the Trial Balance, a Suspense Account is created to temporarily hold the amount of the error until it is corrected. In this case, an error of $30 was found in the Trial Balance, indicating that the sales figure was understated. To correct this error, the Sales Account, which represents the revenue generated from sales, needs to be increased by $30. Hence, the Sales Account is debited.
On the other hand, the Suspense Account, which was initially created to balance out the Trial Balance, now needs to be reduced by $30 since the error has been identified and will be corrected. Therefore, the Suspense Account is credited to decrease its balance by $30.
By debiting the Sales Account and crediting the Suspense Account, the error of understating sales by $30 is rectified. The Trial Balance will now accurately reflect the corrected sales figure, ensuring the financial statements present a true and reliable representation of the company's financial position.
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what is the difference between a macroscopic schedule and a detailed schedule? is it possible to manage a project if only a macroscopic schedule is developed? why?
Answers
The sort of schedule known as a macroscopic schedule lists all significant process framework operations as well as the functionalities to which they are deployed.
Taking into account resource and product availability, detailed scheduling is utilized to choose the assets and dates/times for operations to be performed.
What is a macroscopic schedule?A macroscopic schedule is created in the initial stages of project planning. All significant process framework activities are listed, along with the product functions to that they are applied, in this sort of schedule.
Each item on the macroscopic timetable is transformed into a detailed schedule as the project progresses.
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based on this information alone, what are the amounts of total liabilities that would appear on riley's december 31 balance sheets for year 1 and year 2, respectively?
Answers
B) $37,890 and $0.are the amounts of total liabilities that would appear on riley's december 31 balance sheets for year 1 and year 2, respectively.
What do you mean by liabilities?Liability typically denotes your responsibility for something, but it can also imply that you owe someone money or services. A homeowner's tax obligation, for instance, may be the amount of property taxes due to the city or the amount of income tax due to the federal government. Equity reflects the ownership position that shareholders have in a firm, whereas liabilities are the debts or obligations that a corporation owes to other parties. This is the main distinction between equity and liabilities. Liabilities are subtracted from assets to calculate equity.
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Which of these is a nonstore retailer?
A. Nail Salon
B. Supermarket
C. Coffee Shop
D. Catalog
Answers
Answer:
D. Catalog
Explanation:
Its not a store.
Review the following scenario, then choose the response that correctly completes the last sentence. Maria bought 100 shares of OAK stock for $20 a share on May 23, 2018. On June 6, 2019, she noticed that the stock had increased in value to $25 a share and decided to sell her shares. Maria's only other income for the year consisted of $61,000 in wages. She will claim the standard deduction when she files her return. Maria's revenue from the sale of stock will increase her taxable income by: $500, and this $500 will be taxed at a capital gain rate of 15%. $500, and this $500 will be taxed at her regular marginal tax rate of 22%. $2,500, and this $2,500 will be taxed at a capital gain rate of 20%. $2,500, and this $2,500 will be taxed at her regular marginal rate of 22%
Answers
Answer:
The correct response would be:
$500.00 will be taxed at a capital gain rate of 15%
Explanation:
Review the following scenario, then choose the response that correctly completes the last sentence.
Hope it helps!
If you are unhappy about the current transportation system, which of the following politicians will you vote for?
A. Politicians who advocates going to war abroad
B. Politicians who wants to improve roads and highways
C. Politicians who aim to improve the educational system
D. Politicians who suggest increasing the sales tax
Answers
Answer:
It would be B because these politicians would improve the roads and the means of transportation
This answer is most associated with the topic of the transportation system. The improvement roads and highways would also improve on transportation.
op management should take primary responsibility for establishing measures of quality. Group of answer choices True False
Answers
Op management should take primary responsibility for establishing measures of quality, is a true statement.
In general, the Project Manager / Quality Manager is responsible for the quality management process. Some projects will have specific roles for quality assurance, control, or quality experts.
Top management should indeed take primary responsibility for establishing measures of quality within an organization. Quality measures are crucial for assessing and improving the overall performance of the organization, and it is the responsibility of top management to set the standards, guidelines, and objectives related to quality.
They play a critical role in defining the quality expectations, developing quality management systems, and ensuring that appropriate processes and controls are in place to achieve the desired level of quality. Top management also provides the necessary resources and support to implement and maintain quality measures throughout the organization.
Top management holds the primary responsibility for establishing measures of quality as they are in a position to set the vision, goals, and strategies related to quality within the organization.
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What cost is most closely associated with employer-provided healthcare?
O interest payments
O paycheck premium withdrawals
0 401K contributions
O Social Security deductions
Answers
Answer:
Paycheck premium withdrawals
HELP PLEASE If in response to an increase in investment of $5 billion, equilibrium output rises by a total of $20 billion, then the marginal propensity to consume is
A) .8
B) .75
C) .7
D) .6
E) .85
Answers
Answer:
Pretty sure its B
Explanation:
lets say you have 20 take away 75% of 20 and your left with 5. every 5 Billion is 25%
Answer:
0.75 took the test
Explanation:
you were visiting your grandpa and you happened to find $5000 stashed in an old shoe box. he told you that he had been saving this money for over 20 years. a. explain to him other options he has.
b. explain and demonstrate the principles of compounding interest.
Answers
Answer:
(only a) the best option would be investing in stocks
Explanation:
Kayla is going to invest in an account paying an interest rate of 6% compounded continuously. How much would kayla need to invest, to the nearest dollar, for the value of the account to reach $650 in 7 years?.
Answers
Kayla would need to invest approximately $428 (rounded to the nearest dollar) for the value of the account to reach $650 in 7 years with continuous compounding at a 6% interest rate.
To calculate the initial investment needed for the account value to reach $650 in 7 years with an interest rate of 6% compounded continuously, we can use the formula for continuous compound interest:
\(A = P * e^{rt}\)
Where:
A = Final account value ($650 in this case)
P = Initial investment
e = Euler's number (approximately 2.71828)
r = Interest rate (6% or 0.06 as a decimal)
t = Time period (7 years)
We can rearrange the formula to solve for P:
\(P = A / e^{rt}\)
Plugging in the given values:
P = \(650 / e^{0.06 * 7}\)
P ≈ \(650 / 2.71828^{0.42}\)
P ≈ 650 / 1.52149
P ≈ 427.61
Therefore, Kayla would need to invest approximately $428 (rounded to the nearest dollar) for the value of the account to reach $650 in 7 years with continuous compounding at a 6% interest rate.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false