If you have a credit card balance of $3,000, the debt will remain. $30 per month is the required minimum payment. at an annual percentage rate of 12%.
The amount of unpaid Interest on the amount unpaid per month will be 1%. Hence,
Interest Per Month= Owed amount x Interest per month.
Interest Per Month= $3,000 x 1/100
Interest Per Month= $30
The minimum payment is 30 dollars.
Therefore, by making the minimal payment we are just meeting the interest returned per month we are not doing any amortization on the principal. Hence, we cannot refund the debt.
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Kray inc., which produces a single product, has provided the following data for its most recent month of operations: number of units produced 3,300 variable costs per unit: direct materials $ 37 direct labor $ 23 variable manufacturing overhead $ 9 variable selling and administrative expense $ 6 fixed costs: fixed manufacturing overhead $ 237,600 fixed selling and administrative expense $ 234,300 there were no beginning or ending inventories. the variable costing unit product cost was:___________
Answer:
Unitary cost= $69
Explanation:
Giving the following information:
direct materials $37
direct labor $ 23
variable manufacturing overhead $ 9
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Unitary cost= 37 + 23 + 9
Unitary cost= $69
Suppose the central bank decreases the growth rate of the money supply. In the short run, this policy change will affect
Select one:
O a. both the unemployment rate and the inflation rate.
Ob.
O c.
the unemployment rate but not the inflation rate.
the inflation rate but not the unemployment rate.
neither the inflation rate nor the unemployment rate.
Od
Suppose the central bank decreases the growth rate of the money supply. In the short run, this policy change will affect "neither the inflation rate nor the unemployment rate". The correct option is D.
The growth rate of the money supply by the central bank is not expected to have an immediate impact on either the unemployment rate or the inflation rate.
But changes in the money supply usually take time to affect the broader economy. In the short run, other factors such as market conditions are likely to have a more significant influence on the unemployment rate and the inflation rate.
Therefore, the correct option is D.
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Which of the following might vary in on online purchase depending on where the purchaser lives?
A. The quality of the object
B. The sales tax charged
C. The appearance of the item
D. The retail price of the item
Answer:
The sales tax
Explanation:
In ________, one firm provides the product or service in a particular industry, which results in less price competition.
In a monopoly, one firm provides the product or service in a particular industry, which results in less price competition.
A monopoly is a business that operates in a sector of the market where there is little to no competition. As a result, it can control the terms and pricing it offers to customers, which makes it very profitable.Although monopolies are undesirable and illegal, there are a number of ways for a business to dominate its market.One strategy to monopolize the market is to use intellectual property rights, acquire the rival business, or accumulate a limited supply.The government giving a business exclusive rights to offer goods or services is the simplest way for a business to turn into a monopoly.The goal of monopolies established by the government is to produce economies of scale that lower costs for consumers.Learn more about Monopoly, here
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Prior to 2008, the Fed did not pay interest on bank reserves. If banks charged 10% on loans and the required reserve ratio was 12%, then for every S1000 in deposits, the amount that banks lost in forgone interest (opportunity cost) because of reserve requirements is $(Round your response to the nearest two decimal place.) Without any interest in reserves, if the interest rate is equal to 5% and the reserve ratio is 15%, then the foregone interest per $500 in deposits, when rounded to the nearest two decimal place, is A. $75 B. $25. C. $3.75 D. $50
In the first scenario, the amount that banks lost in forgone interest is $12. In the second scenario, the amount that banks lost in forgone interest is $3.75. Therefore, the correct answer is option C.
Prior to 2008, when the Fed did not pay interest on bank reserves, banks experienced an opportunity cost due to reserve requirements. In the first scenario with a 10% interest rate on loans and a 12% required reserve ratio, for every $1000 in deposits, the amount that banks lost in forgone interest can be calculated as follows:
1. Calculate the required reserves: $1000 x 0.12 = $120
2. Calculate the forgone interest: $120 x 0.10 = $12
Therefore, banks lost $12 in forgone interest.
In the second scenario with a 5% interest rate and a 15% reserve ratio, for every $500 in deposits, the foregone interest can be calculated as follows:
1. Calculate the required reserves: $500 x 0.15 = $75
2. Calculate the forgone interest: $75 x 0.05 = $3.75
Thus, the correct answer is C. $3.75.
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Meal interviews are used by companies as a means of seeing candidates in a more social setting and how they interact with restaurant staff. What is accepted etiquette for conducting yourself during a meal interview?
A.Pick a meal that is easy to eat while you’re talking
B. Focus on the meal so you’re not so hungry
C. If you need to leave the table during the meal, put your napkin on the table
D. Arrive at the restaurant at least 5 minutes prior to your interview time
Make sure to welcome everyone present at the meal interview. Introduce yourself, shake hands with everyone, and say hello.
What is meal interview?In this form of meal interview, the interviewer brings you to a restaurant for dinner where you talk during the course of the meal about the position and your qualifications. Job prospects may be taken out to dinner as part of the interview process so that interviewers can evaluate their interpersonal, communication, and general attitude abilities. It's important to keep in mind that the reason why the search committees invite candidates out to dinner is so they can get to know them better. They want to hire someone who will fit in with the department and be both a professional and socially appealing colleague. According to Amy Wolfgang, CEO of Austin, Texas-based Coaching 4 Good, hiring managers frequently do lunchtime interviews to get a better sense of your personality and how you behave in a relaxed environment.
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we know that humans have been advertising goods and services for how long?
Historically speaking, humans have been advertising goods and services for thousands of years.
What is Advertising?
The term advertising is basically the act of promoting a product, service, or idea through various media channels with the intention of influencing consumers into buying/using the idea, product, or service.
Right from ancient civilizations such as Egypt, it has been documented that traders would use papyrus to make sales messages and posters. Also in ancient Greece and Rome, merchants would write messages on walls to promote their products.
Thus, we can rightly say that humans have been advertising goods and services for thousands of years.
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Which industries employ the largest number of people in the United States?
The education and health services industry employed the largest number of people in the United States.
The education and health sectors are important pillars of the US economy. The health sector was instrumental in the post-2008 economic recovery. Employment growth here is about seven times that of the overall economy.The growth is driven by an aging population and increase in lifestyle diseases.
The emergence of online education has also added significantly to the growth in jobs in the education industry. In 2021, these industries employed about 35 million people. These sectors also receive the highest public investment. But there are significant problems here. This includes the continuing gender pay gap.
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A
Question Blank
type your answer...
student loan is where the Department of Educations diverts/ pays the interest while you are in school at least part-time.
Answer:
Direct subsidized loans
Explanation:
Direct subsidized loans are offered by the government to undergraduate students with financial need. The loan is available as long as the students can demonstrate they should be considered. The amount is determined by what the schools charge. A direct subsided loan can not exceed a student's financial need.
The U.S. Department of Education meets the interest on a direct subsidized loan
The student is at school for at least half-time,For the grace period of the first six months after leaving schoolWhen the student postpones loan re-payments.Tiffany recently received poor service at a local restaurant. after dinner, tiffany made her complaints public by placing them online. what is this a form of?
Tiffany recently had a bad experience at a local restaurant. Tiffany made her complaints public after dinner by posting them online. This a form of Word of mouth.
What is Word of mouth?Word of mouth, also known as viva voce, is the oral transmission of information from one person to another. It can be as simple as telling someone the time of day.
Storytelling is a common form of word-of-mouth communication in which one person tells another a story about a true or made-up event.
Oral tradition refers to cultural materials and traditions passed down through generations by word of mouth. Oral tradition and storytelling are forms of word of mouth something which play important roles in folklore and mythology.
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After raising two children, Anh, a single 48-year-old, decided to go to college to earn her first college degree. She spent two years in community college and earned an associate's degree. In 2019, she is enrolled half-time at State University to earn a Bachelor's degree in Accounting and also works part-time. Anh is eligible for the American Opportunities tax credit.
a. True
b. False
Answer:
True
Explanation:
American opportunities tax credit is a form qualified education expenses that is paid to college students in America by the government.
To be qualified for this credit , the student must meet certain criteria such as listed below
Must be pursuing a degree on other recognized certificationBe enrolled for at least half time the for at least an academic period beginning on the tax yearNot have finished the first four years of higher education at the beginning of the tax year.It is meant for undergraduate college students and their parentParents can only claim the tax if they paid for the child's education expenses and the student is listed as dependent on their return.Looking at the listed criteria as above , it is apparent that Anh is eligible for the opportunities tax credit
Which form of efficient market hypothesis is supported by the January effect?
Group of answer choices
A. Semi-strong form efficiency
B. Weak form efficiency
C. None of these
D. Strong form efficiency
The january effect supports the notion that stock markets are not weak form efficient.
the january effect is a market anomaly that suggests that stock prices tend to exhibit a systematic pattern of higher returns during the month of january. this effect is often attributed to various factors, including tax-related selling in december and subsequent buying in january, year-end portfolio rebalancing, and investor psychology.
the january effect is inconsistent with the assumptions of the weak form efficient market hypothesis (emh), which asserts that stock prices already reflect all historical price and volume information. if the weak form emh held true, the january effect should not exist because it would imply that investors cannot consistently earn abnormal returns based solely on historical price patterns. however, it does not provide evidence for either semi-strong form efficiency or strong form efficiency, as these forms of the emh encompass additional information beyond historical prices, such as publicly available information and private insider information, respectively.
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What are some possible short-term savings goals and why are they important? (give examples)
Savings goals for the short term involve planning for the immediate future.
EXAMPLES: Paying for holidays, buying a new TV or smartphone or putting down a deposit on a house are all short-term savings goals.
It's easier and more convenient to save when you have goals. Setting goals gives you more time to save.
It is still very common for people to be very impulsive with their money, resulting in them rarely having the cash on hand needed to buy things they truly want or to cover emergencies. So, by having short term saving goals you would be able buy something you really wanted, pay for a holiday etc
The catch-up effect Consider the economies of Blahnik and Tralfamadore, both of which produce glops of gloop using only tools and workers. Suppose that, during the course of 10 years, the level of physical capital per worker rises by 5 tools per worker in each economy, but the size of each labor forcel remains the same. Complete the following tables by entering productivity (in terms of output per worker) for each economy in 2020 and 2030. Inicially, the number of tools per worker was higher in Blahnik than in Tralfamadore. From 2020 to 2030 , capital per worker rises by 5 units in each sountry. The S-unit change in capital per worker causes productivity in Blahnik to rise by a amount than productivity in Tralfamedore. This illuztrates the effect.
Productivity is the measure of efficiency and the amount of output per unit of input. The catch-up effect is the phenomenon where countries that are behind in economic development will grow faster than countries that are ahead of them.
The economies of Blahnik and Tralfamadore, both of which produce glops of gloop using only tools and workers. From 2020 to 2030, capital per worker rises by 5 units in each country, while the size of each labor force remains the same.
Given initially, the number of tools per worker was higher in Blahnik than in Tralfamadore. Therefore, the table below shows the productivity (in terms of output per worker) for each economy in 2020 and 2030. The catch-up effect causes productivity in Blahnik to rise by a higher amount than productivity in Tralfamadore.
The catch-up effect is an economic theory that asserts that underdeveloped economies can grow more quickly than developed economies due to their catching up with developed economies' technological advancements and capital stock. The economic theory holds that poorer countries tend to catch up with the richer countries as they adopt the technologies, institutions, and regulations that the richer countries have already established. The theory also suggests that, as economies catch up, the growth rates of the lagging economies will eventually converge with those of the leading economies, resulting in an overall more stable global economy.
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An investment company where workers follow a strict schedule is an example of a(n) _____. a. informal workplace b. unstructured workplace c. casual workplace d. formal workplace
Answer:
d. formal workplace
Explanation:
A formal workplace has a structured way of doing things. Both the management and employees dress in the prescribed attire. There is a lot of emphasis on rules and procedures in the work processes. Information and work instruction follow established communication channels within the business. Hierarchy and protocols are observed when making official reports.
Answer:
D)
Explanation:
State the benefits of the Service Blueprint at a hotel
group
Discuss three (3) ways that a Service
Blueprint may be used to enhance customer satisfaction at the
Mexico location.
The Service Blueprint is a useful tool for designing and managing service processes. It provides a visual representation of the customer experience, highlighting interactions between customers and service providers, as well as the supporting processes and systems.
In the context of a hotel group, the Service Blueprint offers several benefits, including:
Improved Service Design: The Service Blueprint helps in designing services that meet customer expectations and deliver exceptional experiences. By mapping out the various touchpoints and processes involved in delivering a service, the hotel group can identify potential bottlenecks or areas for improvement. This allows them to streamline processes, enhance efficiency, and create a more seamless and enjoyable experience for customers.
Enhanced Customer Satisfaction: With the help of a Service Blueprint, the hotel group can identify critical customer touchpoints and ensure that each interaction is well-designed and aligned with customer needs. By understanding the customer journey and the emotions associated with each step, the hotel can proactively address pain points, personalize services, and create memorable moments that exceed customer expectations. This, in turn, leads to increased customer satisfaction and loyalty.
Effective Service Delivery: The Service Blueprint enables the hotel group to better coordinate and manage its service delivery processes. By visualizing the flow of activities, roles, and responsibilities, the hotel can identify potential gaps or areas of miscommunication within the service system. This allows them to implement measures to improve internal coordination, training, and communication, leading to more consistent and efficient service delivery. When the service processes are well-coordinated, it reduces the chances of errors, delays, or customer dissatisfaction.
In the case of the Mexico location, here are three specific ways that a Service Blueprint may be used to enhance customer satisfaction:
Streamlining Check-in and Check-out Processes: By mapping out the check-in and check-out processes in the Service Blueprint, the hotel can identify areas where customers may face delays or encounter friction. They can then implement measures to streamline these processes, such as providing self-check-in kiosks, optimizing staff allocation, or offering express check-out options. This will reduce waiting times, improve efficiency, and enhance the overall experience for guests.
Personalizing Guest Services: Through the Service Blueprint, the hotel can identify opportunities to personalize services based on customer preferences and needs. For example, they can track guest preferences and use that information to provide tailored recommendations, room amenities, or dining options. By leveraging the blueprint, the hotel can ensure that personalized touches are integrated seamlessly into the service processes, creating a more personalized and memorable stay for guests.
Enhancing Communication Channels: The Service Blueprint can help the hotel group identify communication touchpoints between staff and guests. By analyzing these touchpoints, the hotel can identify areas where communication can be improved, such as providing multilingual staff, enhancing training for customer-facing employees, or implementing technology solutions for efficient communication. Clear and effective communication throughout the customer journey enhances customer satisfaction and ensures that guest needs and expectations are met.
These are just a few examples of how a Service Blueprint can be used to enhance customer satisfaction at a hotel group's Mexico location. The blueprint provides a comprehensive understanding of the service processes, enabling the hotel to identify areas for improvement, personalize services, and deliver a superior customer experience.
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Carmen opens a retail store. Her sales during the first year are $600,000, of which $30,000 has not been collected at year-end. Her purchases are $400,000. She still owes $20,000 to her suppliers, and at year-end she has $50,000 of inventory on hand. She incurred operating expenses of $160,000. At year-end she has not paid $15,000 of the expenses.
a. Compute her net income from the business assuming she elects the accrual method.
b. Compute her net income from the business assuming she elects the cash method.
c. Would paying the $15,000 she owes for operating expenses before year-end change her net income under the accrual method of reporting? Under the cash method?
a. Under the accrual method, Carmen's net income would be calculated as follows:
Sales: $600,000
Less: Cost of goods sold ($400,000 - $50,000) = $350,000
Gross profit: $250,000
Less: Operating expenses: $160,000
Net income: $90,000
Note that the $30,000 of uncollected sales and the $20,000 owed to suppliers do not affect net income under the accrual method, as they are recognized when the transaction occurs, not when the cash is received or paid.
b. Under the cash method, Carmen's net income would be calculated as follows:
Cash sales: $600,000 - $30,000 = $570,000
Less: Cash purchases: $400,000 - $20,000 = $380,000
Gross profit: $190,000
Less: Cash operating expenses: $160,000 - $15,000 = $145,000
Net income: $45,000
Note that under the cash method, only cash transactions are recognized, so the uncollected sales, unpaid purchases, and unpaid expenses are not included in the calculation of net income.
c. Paying the $15,000 of operating expenses before year-end would not change Carmen's net income under the accrual method, as the expenses are recognized when they are incurred, not when they are paid. However, it would reduce her net income under the cash method by $15,000, as the expenses are recognized when they are paid.
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Select any 5 from the following questions to answer. Any and only 5. If you answer more than 5 questions, only the first 5 will be graded. Please do not copy exactly from the slideshows, you will not earn the grades if you do so. Q1. Which leadership competencies are required to lead positive social and economic change in indigenous communities? Q2. How are the competencies required of Aboriginal leaders similar to or different from those of mainstream society? Q3. How might the role of informal leaders affect business development and relations? Q4. What are the key success factors for community economic development and how do they relate to leadership? Q5. How might an orientation toward collectivism over individualism affect business development? Q6. Why is "wise practices" suggested instead of "best practices"? Is there really a difference? Q7. Can the wise practices identified be applied to non-Aboriginal communities and businesses as well? Q8. In your opinion, is there anything missing from the wise-practices model? Explain. Q9. Identify leaders in your business if you have experience in the employment. How are the wise practices described in this lecture reflected in their leadership style or approach?
Q1. The leadership competencies required to lead positive social and economic change in indigenous communities are: Strategic vision and foresight: It is important for indigenous leaders to have a clear sense of where they are heading and what they want to achieve.
They must be able to see the big picture, anticipate trends and challenges, and create strategies to achieve their goals. They must also be able to communicate their vision and motivate others to work towards it. Cultural awareness and sensitivity: Indigenous leaders must be deeply connected to their community's culture, values, and traditions. They must have a strong understanding of the history of their people and the challenges they face.
They must also be able to balance the need to preserve their culture with the need to adapt to changing times. Collaborative and participatory leadership: Indigenous leaders must be able to work effectively with others, both within and outside their community. They must be able to build and maintain relationships, and to engage stakeholders in decision-making processes.
They must also be able to facilitate consensus and resolve conflicts. Community development expertise: Indigenous leaders must have a good understanding of community economic development, governance, and social services. They must be able to develop and implement effective programs and services that meet the needs of their community. They must also be able to access funding and other resources to support their initiatives.
Q2. The competencies required of Aboriginal leaders are different from those of mainstream society because of the unique challenges faced by indigenous communities. 'Aboriginal leaders must be able to balance the needs of their community with the needs of the broader society. They must also be able to address issues such as the legacy of colonization, cultural preservation, and self-determination. Aboriginal leaders must also be able to navigate complex relationships with government and other institutions.
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The Texas budget includes over 200 dedicated funds to support specific public policy areas. Plus, billions of federal dollars sent to Texas must be used for specific purposes like Medicaid, CHIP, and Title 1 schools. How do these factors affect the ability of state legislators to deal with economic crises when they arise
The management of Asteria Inc. is studying the financial reports and statements of the company for the current accounting period. Which
accounting head is a part of an off-balance sheet item?
A.
copyrights
В.
bank loan
C.
prepaid office rent
D.
operating lease
Answer:
В. bank loan
Explanation:
A balance sheet shows the total net worth of a business at the end of a financial year. It shows the assets of a business on one side and equity and liabilities on the other.
A balance shows the assets of a business and how they have been financed. On the liabilities, the balance sheet will indicate the short term and long term liabilities. A bank loan represents money obtained from the banks on credit. Bank loan will be a subheading on the liabilities side, especially if the business has loans from different banks.
Answer:
Its D operating Lease
Explanation:
UNIT 4 LAB
What must a country commit to in order to become a part of the Organization of Economic Cooperation?
How does one’s language force a person to think about time?
How does this difference in language relate to our propensity to save?
What experiments did Chen carry out to come up with these conclusions?
Did anything surprise you about this video? Why or why not?
1. What must country commit to in order to become a part of the Organization of Economic Cooperation?
- The affirmed common commitment of democracy, open markets, and free trade.
2. How does one’s language force a person to think about time?
- When you use different words in different tenses, it makes you think about the time these events took place, saying “I walked yesterday” is past tense but, “I’m walking” is present tense.
3. How does this difference in language relate to our propensity to save?
- Speaking futureless language, you will speak about time identically meaning you will feel as they are identical, it increases your propensity to save.
4. What experiments did Chen carry out to come up with these conclusions?
- Chen came up with knowledge of his own ideas to figure out the conclusion.
5. Did anything surprise you about this video? Why or why not?
- No. Everything made sense, everything had great conclusions talking about past, present, and future tenses.
How does one’s language force a person to think about time? that must a country commit to in order to become a part of the Organization of Economic Cooperation. The correct option is A.
What are the OECD guidelines?Governmental suggestions on ethical corporate behavior are contained in the OECD Guidelines for Multinational Enterprises (OECD Guidelines). The OECD Guidelines define expectations for ethical business behavior in relation to a number of topics, including the environment, labor rights, and human rights.
Essentially, there are two fundamental characteristics that nations must meet in order to join the OECD: democratic societies devoted to the rule of law and the preservation of human rights; and open, transparent, free-market economies.
Thus, the ideal selection is option A.
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Which TCF checking account fee is the most expensive?
Answer:
Explanation: it’s o stop payment fee
What is TRUE about non-depository financial institutions?
Non-Depository financial institutions are those institutions that provide various financial assistance. These institutions serves as an intermediaries between borrowers and savers. ... The non-depository financial institutions include commercial banks, credit unions, and saving banks. Therefore, option D is correct
Please select a company of your choice other than your research company and complete one financial ratio in each of the five categories from Table 4-9 on page 111.
Once complete provide the following:
Two overall conclusions draw from the numbers
A specific strategic decision you recommend based on your analysis
Please provide URL's and the rationale for your analysis. . Keep up the header and bullet formatting.
1. Liquidity Ratios
2. Leverage Ratios
3. Activity Ratios
4. Profitability Ratios
5. Growth Ratios
The financial ratios for the five categories are as follows: 1. Liquidity Ratios Current ratio = current assets / current liabilities Quick ratio = (current assets - inventory) / current liabilities 2. Leverage Ratios Debt ratio = total liabilities / total assets Debt to equity ratio = total liabilities / shareholders’ equity 3. Activity Ratios Inventory turnover = cost of goods sold / inventory Accounts receivable turnover = net credit sales / average accounts receivable 4. Profitability Ratios Return on equity = net income / shareholders’ equity Gross profit margin = (gross profit / net sales) x 100 5. Growth Ratios Internal growth rate = (return on assets x retention ratio) / (1 - (return on assets x retention ratio))Sustainable growth rate = (return on equity x retention ratio) / (1 - (return on equity x retention ratio))
Choosing Apple as the company of choice, two overall conclusions and a specific strategic decision are as follows:-
1. Liquidity Ratios:Quick Ratio = 0.67 The current liabilities of Apple are greater than its current assets. This implies that Apple may have difficulty paying its short-term debts.
2. Leverage Ratios:Debt to Equity Ratio = 2.69 Apple has a higher level of debt than equity, indicating that it is financing most of its operations through borrowed funds. This could expose the firm to the risk of insolvency in the event of poor financial performance.
A specific strategic decision could be to reduce the company’s level of debt to minimize the risk of insolvency. This could be done by issuing new shares of stock to raise equity capital, which would reduce the debt to equity ratio. The company could also evaluate its current debt to determine if some of it could be refinanced at lower interest rates, which would reduce the cost of borrowing.
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The owner of Firewood To Go is considering buying a hydraulic wood splitter which sells for $50,000. He figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. How many cords of wood would he have to split with this machine to break even
Answer:
The correct answer is "2000 units".
Explanation:
Given:
Fixed cost,
F = $50,000
Variable cost,
VC = $100 per unit
Price,
P = $125 per unit
Let the units to be sold be "x".
Throughout the case of breakeven,
⇒ \(Total \ revenue=Total \ cost\)
⇒ \(125x=50000+100x\)
On subtracting "100x" from both sides,
⇒ \(125x-100x=50000+100x-125x\)
⇒ \(25x=50000\)
⇒ \(x=\frac{50000}{25}\)
⇒ \(=2000 \ units\)
the government has decided to regulate a natural monopoly so that the firm produces the perfectly competitive level of output. compared to the unregulated outcome, one negative consequence of this decision is that:
Regulating a natural monopoly to produce a perfectly competitive level of output can have the negative consequence of reducing the firm's profitability.
The unregulated outcome of a natural monopoly is that it produces less output and charges a higher price, leading to higher profits. However, when the government regulates the firm to produce at a perfectly competitive level of output, the price charged is lower, resulting in lower profits.
This can also reduce the firm's incentive to invest in innovation and development, leading to a potential decrease in the efficiency and quality of the products or services provided. Additionally, the reduced profitability may discourage new firms from entering the industry, leading to a lack of competition and potential inefficiencies in the long run.
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______________________ include both the private costs incurred by firms and also costs incurred by third parties outside the production process
Social costs include both the private costs incurred by firms and also costs incurred by third parties outside the production process. Therefore, below is a further explanation.
What are Social costs and its inclusion?Social costs are costs that include both the private costs incurred by firms and also additional external costs incurred by third parties outside the production process.
Therefore, the answer is social costs.
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Agency authority directly communicated by the principal to the agent is called
O Express authority
O Implied authority
O Power of attorney
O Apparent authority
Answer:
O Express authority
Explanation:
In express authority, the principal communicates directly to the agent. The principal instructs the agent, either in writing or orally, to act on their behalf. In express authority, the directives given are for the agent to represent the principle on a specific matter. The scope of authority entrusted is clearly defined and understood by both parties.
Choosing a home can be a very personal matter. Some people care most about the location, while others are most concerned about the size, style, and amenities. What are your top priorities in choosing a home? What do you feel is unimportant in a home? Based on your priorities, what type of house do you think you'd be likely to buy?
Answer:
1:if i have enough money for the purchase.
2:if it suits my personal attributes.
Quantities of products manufacturers are willing to sell at different prices is known as.
Quantities of products that manufacturers are willing to sell at different prices is known as supply, which has an inversely proportional weight in establishing the price.
Law of offerIn economics, the law of supply is directly influenced by demand, so the greater the supply, the lower the price.
The supply curve is graphically represented by a positive slope, in the price and quantity relationship, because the higher the price of a product or service, the greater the quantity produced, therefore, there is a constancy in the supply curve.
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