Firms will continue to join this market until the industry as a whole begins to make a typical economic profit. To encourage new enterprises to enter the market, short-term profits motivate them to do so. In the long run, businesses will produce a normal or even negative economic profit.
What is a competitive industry?Companies may join and depart the market easily in a competitive sector since there are minimal barriers to entry.
Generally, the equation for Profit per unit is mathematically given as
P= Price - ATC
Therefore
P= $7.49 - $6.63
P= $0.86
In conclusion, Profits in the short term encourage new businesses to join the market. Firms will make a typical or even negative economic profit in the long term.
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If the price elasticity of demand for labor is 0.1 and the wage increased from $11 to $16 an hour, what is the predicted decrease in the level of employment in percentage terms
As a result of the increase in wages, the decrease in the level of employment would be 4.5%.
What is the decrease in the level of employment?
Price elasticity of demand for labor is the percentage change in the demand of labor divided by the percentage change in wages.
It is expected that there is a negative relationship between the demand for labor and wages. When wages increase, the demand for labor declines and when wages decreases, the demand for labor increases.
Price elasticity of demand for labor = percentage change in the demand for labor / percentage change in wages
Percentage change in the demand for labor = percentage change in wages x price elasticity of demand for labor
percentage change in wages = [($16 / $11) - 1] x 100 = 45.45%
Percentage change in the demand for labor = 0.1 x 45.45 = 4.5%
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Because it is difficult to estimate the future value of research and development, fasb requires that research and development costs be treated as:_________
Because it is difficult to estimate the future value of research and development, fasb requires that research and development costs be treated as: an expense in the income statement.
What is research and development?This is the term that is used to refer to the new changes that may come into a nation based on the fact that there were breakthroughs made in the field of research in a particular field. This is one of the ways that a lot of nations are able to get ahead and also get stronger, economically and also in the field of science.
This is difficult to estimate hence the fasb requires that research and development costs be treated as: an expense in the income statement.
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Your first morning in your new office, you reflect on what type of manager and leader you hope to be. Which of the following best reflects what you believe about employees and how they can best be led
Employees are more loyal and productive if they feel that their leader is admirable, caring, and ethical.
Here, leadership refers to the manager's behavior toward the staff. The best leaders are those who inspire and drive their subordinates to perform at their highest level. Employee respect and productivity in the workplace will increase if the manager is able to inspire trust in them through effective communication and possesses qualities like being admirable and ethical.
The quantity of goods and services that a group of employees generate in a specific period of time is known as workforce productivity. It is one of a number of productivity metrics used by economists.
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Ruby is a sales agent in a brokerage firm that engages in exclusive seller agency. She represented Martin in sale of an investment property she had been leasing to a tenant for several years. Since the first property worked out so well, Martin wants to buy another investment property listed by Ruby's firm. Ruby did such a great job selling the rental house, Martin now wants Ruby to represent him in the purchase of the property. What is the best course of action for Ruby
The best course of action that Ruby has to take is to tell Martin that she cannot represent him in the purchase of this property.
Why Ruby cannot represent him?This is because she is into the selling of property. The first line of job that she does is to act as an agent for those selling.
In the situation that the house is to bought an agent that helps to buy properties should be contacted.
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True or false: Sub-prime loans helped customers qualify for expensive homes that they would not otherwise have qualified for.
It is true Sub-prime loans indeed benefited customers qualify for expensive homes that would not otherwise have qualified for.
Sub-prime loansA subprime loan is offered to people at an interest rate above prime, who do not allow for traditional loans. Such people have low income, limited credit history, and poor collateral. The subprime choice is common in many types of loans, like auto loans and personal loans. In these loans, the creditors focus on the repayment potential of the borrowers rather than their credit score.
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The 1977 congressional directive that the federal reserve system’s highest priorities should be full employment and price level stability is known as?
The 1977 congressional directive that the federal reserve system’s highest priorities should be full employment and price level stability is known as the dual mandate
This is further explained below.
What is dual mandate"?Generally, A dual mandate is the practice of elected officials serving in more than one elected seat or other public position concurrently. This practice is also known as a dual mandate.
In conclusion, The term "dual mandate" refers to the mandate that Congress gave to the Federal Reserve System in 1977 specifying that its top priority should be maintaining both full employment and a stable price level.
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Answer:
the dual mandate
Explanation:
three different between the indigenous technology and modern technology
please give me this question of answer for 15 marks
Three different between the indigenous technology and modern technology are:
The modern technology utilizes national resources indigenous technology uses alternate material.Crude tools were used in indigenous technology while mechanization is used in modern technology.overhead projector is used in indigenous technology while multimedia is used in modern technology.How can indigenous technology and modern technology be described?Both of the technology is the application of science into our daily lives, however the modern technology uses advance technology where the traditional technology uses crude process.
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A company sells products that cost them $5 each to produce. They recently spent $2500 on advertising, and sold 300 of them at a $20 price point. What was their ROI
Based on the amount spent on producing the products, and the expenses to advertise, the Return on Investment is 50%.
What is the return on investment?This refers to a percentage that shows how much a company gained from selling a product that they made or acquired for sale.
It is calculated as:
= Net income / Cost
Revenue here is:
= 300 x 20
= $6,000
The cost is:
= (5 x 300) + 2,500
= 1,500 + 2,500
= $4,000
Net income:
= 6,000 - 4,000
=$2,000
Return on investment is:
= 2,000 / 4,000
= 50%
In conclusion, the return on investment can be found to be 50%.
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Match each organizational pattern with the best graphic organizer. Column A 1. Description: Description 2. Classification: Classification 3. Pro-con: Pro-con 4. Compare-contrast: Compare-contrast 5. Cause-effect: Cause-effect
Based on the organizational patterns given, the best graphic organizer for each pattern is:
What is something made of - Description. What are the components or parts of something - ClassificationHow is something good or bad - Pro-con What are the similarities or differences of two things - Compare-contrastHow did/does one thing affect another - Cause-effectWhat are the accurate organizational patterns?When you describe something, you are simply talking about what the thing is made of, how it functions, and what it is used for.
Classification requires knowledge of the parts of something so that you can know the category it falls under.
The pros of something are the positive characteristics it has while the cons are the bad or negative things.
Comparing and contrasting calls for placing things side by side and seeing how they relate in terms of similarities and differences.
Cause and effect show how one thing can lead to another thing happening or being affected.
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In the context of antitrust sanctions, liability for triple-damages suits is based on __________law and is said to be joint and several. Multiple Choice tort antitrust tax criminal corporate
In the context of antitrust sanctions, liability for triple-damages suits is based on tort law and is said to be joint and several.
Practices like setting pricing, manipulating contract bids, and dividing up customers among companies that ought to be competing for them are all considered violations of the Sherman Antitrust Act. These infractions are crimes. As a result, they risk receiving severe penalties or lengthy prison terms.Market allocation, bid rigging, and price fixing are some of the antitrust offenses that are seen as "per se" unjustified trade constraints. Protect competition -Outlaws all contracts, combinations, and conspiracies that unreasonably restrain interstate and foreign trade.What is an antitrust law ?Antitrust law laws designed to encourage robust, fair competition in the market. -unlawful monopolies, pricing strategies, networks for distributing products, and mergers. -describes prohibited anticompetitive practices.
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A journal is the place where ______.
A. a trial balance is kept
B. financial statements are prepared
C. transactions are posted
D. transactions are first recorded
A journal is a place where C. transactions are posted.
A journal is a scientific publication that contains articles written by researchers, professors, and other professionals. A journal focuses on a particular field or area of research. Unlike newspapers and magazines, journals are aimed at academic or technical readers rather than general readers.
A journal is a journal that specifically deals with a particular topic. All results are published in scientific journals. Synonyms: journal, record, review, registration Other synonyms for journal.
countable nouns. A journal is a journal that specifically deals with a particular topic. All results are published in scientific journals. Synonyms: journal, record, review, registration Other synonyms for journal.
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Samantha died on may 18, 2008. Her husband dave lived by himself for the next three years until he remarried in 2011. What was dave's filing status in 2008 and 2009?
Dave was married in year 2008 so was filing jointly in 2008 and after his wife death he was filing single in 2009.
Joint tax return is a single tax return which is filed by a married couple that had married before the end of the tax year, on which their combined income, exemptions, credits and deductions are filed.
A joint return is filed with the Internal Revenue Service (IRS) on the Form 1040 (as of 2018) by two married taxpayers whose filing status is shown at that time of being married filing jointly (MFJ) or it is filed by a widowed taxpayer whose filing status is Qualifying Widow or Widower (QW).
A joint return allows the above given taxpayers to combine their tax liability as well.
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When shares of stock that were issued to the public are later bought and sold among investors on the stock exchange, the issuing corporation ______. Multiple choice question. debits Cash and credits Common Stock records a gain if the stock price is sold at a higher price than when the corporation originally issued the stock debits Treasury Stock and credits Common Stock does not record any entry because it does not receive or give anything of value
Last option is correct. The issuing corporation does not record any entry because it doesn't receive or give anything of value.
What are shares of stock?The shares are regarded as the smallest unit of the stock that is owned by a company. There company sometimes sells its shares.
The company may have up to 10 million stock which it can sell to the intended buyers.
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what do you mean by teaching profession? write with example.
Answer:
Teaching is the specialized application of knowledge, skills and attributes designed to provide unique service to meet the educational needs of the individual and of society. The choice of learning activities whereby the goals of education are realized in the school is the responsibility of the teaching profession.
Answer:
Teaching is the specialized application of knowledge, skills and attributes designed to provide unique service to meet the educational needs of the individual and of society. The choice of learning activities whereby the goals of education are realized in the school is the responsibility of the teaching profession.
Explanation:
Why is accuracy an essential element of business communication?
Communication is an essential element of any business. One needs to convey message as effectively as possible. Therefore accuracy is the key requirement for the business communication. without the accuracy the business message will be delivered either misleading or it will be unclear.
Misleading message or miscommunication can lead to huge problems to any business. When you are working with your client, he will trust your words only if they are accurate otherwise the deal can be lost too.
That is why accuracy is the most important element of any business communication and a significant interval of time must be spent on making the communication accurate in any organization.
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Bo Riley pays his rent and utility bills each month by writing checks. Riley is using a _____ account. Group of answer choices demand deposit federal deposit currency time deposit certificate of deposit
Bo Riley pays his rent and utility bills each month by writing checks. Riley is using a demand deposit account.
What is a demand deposit account?This is the term that is used to refer to the deposit account that allows a person to withdraw money without having to give any prior notice.
Thins type of account is one that are checking accounts. As checking accounts, they may give a person the opportunity that they need to earn money from the deposits that they have made.
Hence the demand deposit account is one allows Riley to pays his rent and utility bills each month by writing checks.
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A job shop is an example of a(n): line process. intermittent process. specialized process. continuous process. repetitive process.
A job shop is an example of an intermittent process.
An intermittent process is one in which manufacturing facilities are periodically shut down and reset to produce slightly different products before resuming production. Intermittent processes are used in intermittent systems that make things only when the buyer needs or orders them.
Production is not the same every day. Products are typically manufactured on a microscale, and industrial processes are not continuous, making them intermittent processes. Products developed through this process come in a wide variety of types, designs, and dimensions. This is considered a flexible system.
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Employees and the public are frustrated by high levels of executive compensation because:_______
The answer is that senior executives frequently receive bonuses whether or not the business is profitable. Employees compensation is a statistical word that is frequently used in business accounts as well as national accounts and balance of payments data. Essentially,
It refers to the total gross (pre-tax) salaries that employers pay to workers for services rendered over a given accounting period, such as a quarter or a year. The Hourly, Salaried, Commission, and Bonuses are Four Major
Types of Direct Compensation. Most consumers want to hear about direct compensation, especially base pay and variable pay, when they inquire about compensation.
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nvestment from abroad Select one: a. is a way for poor countries to learn the state-of-the-art technologies developed and used in richer countries. b. is viewed by economists as a way to increase growth. c. often requires removing restrictions that governments have imposed on foreign ownership of domestic capital. d. All of the above are correct.
The correct option is (d); All of the above are correct.
What is meant by investment from abroad?A foreign direct investment (FDI) occurs when a business or investor from outside the country buys a stake in the company.
The phrase typically refers to a commercial decision to buy a sizable portion of a foreign company or to buy it altogether in order to expand its operations to a new area.
Role of the foreign investment for a country are-
FDI enables the transfer of technology that is not possible through financial investments or trade in products and services, notably in the form of new types of capital inputs. The domestic input market can become more competitive with FDI as well.In contrast to heavily regulated economies, open economies provide a qualified workforce and high growth prospects for investors.There is a long-term commitment involved because there are no short-term capital gains goals.FDI increases the manufacturing and service sectors, which leads to job growth and lower unemployment rates in the nation. Increased employment increases earnings and gives the populace greater purchasing power, which strengthens a nation's overall economy.To know more about the primary purpose of foreign direct investment, here
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I understand the question you are looking for-
Investment from abroad Select one: a. is a way for poor countries to learn the state-of-the-art technologies developed and used in richer countries. b. is viewed by economists as a way to increase growth. c. often requires removing restrictions that governments have imposed on foreign ownership of domestic capital. d. All of the above are correct.
Aggregate supply is represented as a schedule or curve showing the relationship between the nation's
Aggregate supply is represented as a schedule or curve showing the relationship between the nation's price level (index) and the amount of real domestic output that firms in the economy produce.
What is Aggregate supply?The whole supply of products and services produced within an economy at a specific overall price over a specific time period is known as aggregate supply, also known as total output.The relationship between price levels and the amount of output that businesses are prepared to produce is depicted by the aggregate supply curve. Usually, the level of prices and total supply have a positive connection.A change in aggregate supply can be ascribed to a number of factors, such as shifts in the quantity and quality of labor, technical advancements, salary increases, production cost increases, producer tax changes, producer subsidy changes, and changes in inflation.While some of these factors cause aggregate supply to increase, others cause it to decrease. By lowering the labor cost per unit of supply, for instance, higher labor efficiency—possibly achieved through outsourcing or automation—raises supply production.By raising manufacturing costs, salary increases, on the other hand, put downward pressure on the overall supply.Know more about aggregate supply https://brainly.com/question/5754731
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The maximum number of shares of stock that the corporate charter allows the corporation to issue is?
The maximum number of shares of stock that the corporate charter allows the corporation to issue is authorised stock.
What is authorised stock?Shares are used by public companies to raise capital needed for business operations. People who buy shares in a company are regarded as the shareholders of the company. Shareholders are regarded to be the owners of that company. Shareholders are paid dividends on the excess of revenue earned by the company.
Authorised shares are the maximum number of shares a company can issue to investors. According to the Securities and Exchange Commission, the maximum number of shares that can be issued by a corporation is 500,000,000. Of which 400,000,000 would be common shares and 100,000,000 would be preferred stocks.
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In order to realize the strongest competitive advantage, firms engaged in worldwide competition must:_____.
A) require that all of their various business units follow the same strategy regardless of location.B) ensure that all business units follow a strategy strictly tailored to their respective locations.C) pursue a strategy that combines the uniformity of a global strategy and the specificity of a multidomestic strategy in order to achieve optimal results.D) attempt to use the strategy that was most successful in their home country.
In order to realize the strongest competitive advantage, firms engaged in worldwide competition must C. pursue a strategy that combines the uniformity of a global strategy and the specificity of a multidomestic strategy in order to achieve optimal results.
Strategy is an movement that managers take to gain one or greater of the organization's desires. The strategy also can be defined as “A trendy course set for the company and its various components to acquire the desired country within the destiny. approach effects from the precise strategic planning procedure”.
A tactic refers to the particular moves taken to reach the set desires in line with the method. for example, enterprise A's method is probably to end up the cheapest issuer within the cellphone marketplace. Their managers then want to negotiate with suppliers to lessen the costs of the electronic components used in production.
Strategy is a standard plan to reap one or extra long-time period or normal desires under conditions of uncertainty.
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If the long-run average total cost curve of an industry is declining at the point where it intersects the industry demand curve, we can expect: A) an overallocation of resources. B) the industry will be purely competitive. C) the industry will be monopolistically competitive. D) the industry will be a natural monopoly.
The answer is (D). The industry will be a natural monopoly. If the long-run average total cost curve of an industry is declining at the point where it intersects the industry demand curve, we can expect the industry will be a natural monopoly.
What is natural monopoly?This is when all means of production is owned and held by one person where in there is lack of competition.
A natural monopoly is an industry that runs best when one firm produces all the output.
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For the fall semester, you had to pay a nonrefundable fee of $800 for your meal plan, which gives you up to 240 meals. if you eat 200 meals, your average cost per meal is:______.
The average cost per meal is $4.
Average cost, often known as unit cost, is calculated by dividing the total cost by the quantity of a good produced. Average cost strongly influences how businesses decide to price their goods. The cost per output unit is known as average cost, sometimes known as average total cost (ATC). By dividing the whole cost by the total production volume, we can find the average cost. The production cost per unit, or average cost, is determined by dividing the entire cost by the total output.
The average cost determines a commodity's long-term price and supply. Normal gains are included in the average cost. Therefore, the company earns greater profits if the price of a commodity exceeds its average cost. The company suffers losses, though, if the price is below the typical cost.
[tex]Average cost =[/tex] [tex]\frac{total cost }{number ofunits of a goods produced}[/tex]
[tex]Average cost =\frac{800}{200}[/tex]
Average cost = $4
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Explain the nature of individual and business decisions which drive the demand and supply of financial capital. specifically, what kinds of factors will shift demand and supply of financial capital?
Those who provide financial capital must make two major choices: how much money to set aside and how to allocate it among various financial investments.
What kinds of factors will shift the demand and supply of financial capital?
People must consider their future needs to determine how much savings they should set aside for anticipated or unforeseen circumstances. Savings will move their money to Investment B if Investment A becomes riskier or offers a lower return, which will cause the supply curve of financial capital for Investment A to move back to the left while moving Investment B's supply curve to the right. Those that ask for financial resources do so because they intend to repay it in the future. People might, for instance, take out a loan to buy a house, a car, or another type of long-term possession. To create a factory or finance a project that won't pay off for five, ten, or even more years of research and development, a corporation may look for financial investment.
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When the economy took a downturn and jobs were difficult to find, many people blamed immigrants. What would be a good explanation for rising prejudice in this situation
Realistic conflict theory would be a good explanation for rising prejudice in this situation.
What do you mean by Realistic conflict theory ?According to the realistic conflict theory, wherever there are two or more groups vying for the same few resources, there will be conflict, false preconceptions and ideas, and prejudice towards the various groups.
Just the perception of competition will foster hostile emotions and discriminating behavior in one group. For instance, whether or not it is accurate, ethnic group A will feel resentment and hatred if it perceives that members of ethnic group B are a threat to them by "taking employment."
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One reason businesses need an inventory control system is a. to evaluate the effectiveness of advertising campaigns. b. to determine when to mark down merchandise. c. for reporting inventory in the financial statements. d. all of these are true.
Option d is correct. All of these are the reasons why the businesses usually need the inventory control system.
What is an inventory control system?This is the term that is used to track the goods that a company has through the use of the supply chain. The inventory control is done through the use of technology. The inventory is the stock of the goods that are available in the business at a particular time.
The control system helps in the integration of all of the ways that the goods would be able to get to the company. This has to do with the shipping of the goods also.
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Because texas generally has low rates of –------ , individual effects on the texas political process are likely to be :______
Because texas generally has low rates of low, individual effects on the texas political process are likely to be: low
This is further explained below.
What is texas's political process?Generally, The development of problems marks the beginning of the policymaking process in Texas, which then continues on through five additional stages: the establishment of agendas, the selection of policies, the adoption of policies, the implementation of policies, and the assessment of policies.
In conclusion, Individual influences on the political process in Texas are anticipated to be modest because of the state's relatively low crime rate and low rate of poverty.
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The budget director of royal furniture company requests estimates of sales, production, and other operating data from the various administrative units every month. selected information concerning sales and production for february is summarized as follows:
The total revenue realized from the sales in Royal furniture company equals $1,875,500.
How do we prepare the sales budget?Royal Furniture Company
Sales Budget
For the Month Ending February 28
Product and Area Sales Volume Selling Price Total Sales
King:
Northern Domestic 610 780 475,800
Southern Domestic 340 780 265,200
International 360 850 306,000
Total 1,047,000
Prince:
Northern Domestic 750 550 412,500
Southern Domestic 440 550 242,000
International 290 600 174,000
Total 828,500
Total revenue from sales $1,875,500
2) Production Budget
Missing words ". Estimated sales of King and Prince chairs for February by sales territory:
Northern Domestic:
King 610 units at $780 per unit
Prince 750 units at $550 per unit
Southern Domestic:
King 340 units at $780 per unit
Prince 440 units at $550 per unit
International:
King 360 units at $850 per unit
Prince 290 units at $600 per unit"
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If a security pays $110 next year and $121 the year after that, what is its yield to maturity if it sells for $200?
10 percent is yield to maturity of the security. Yield to maturity is the amount of interest that will be earned on a security if it is held until it matures. It is expressed as an annual rate, which is same as the owner's internal rate of return.
In essence, yield to maturity represents IRR on a security if held to maturity. It is predicated on idea that all coupon or interest payments can be invested at security's rate of return. In order to determine whether purchasing security is a wise investment, yield to maturity can be quite helpful.
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