When it is allocative and productive efficiency, the market produces the right goods in the correct amounts using the fewest resources possible.
Efficiency is the maximum degree of performance that requires the fewest inputs and produces the greatest amount of output. Efficiency is using less superfluous resources, such as one's own time and energy, to produce a given product.
Allocative efficiency is the quality of a market where all products and services are efficiently divided among consumers in an economy.
Producing as much as feasible from the resources that are available in an economy is the economic principle known as productive efficiency, sometimes referred to as production efficiency.
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Suppose that in october, market analysts predict that the price of platinum will fall in november. What happens in the platinum market in october, holding everything else constant?.
In the platinum market in October, the supply curve shifts to the right.
What happens in the market for platinum?The supply curve shows the relationship between the quantity supplied and price. There is usually a positive relationship between price and the quantity supplied.
When there is a change in other factors other than the change in price of the good, the supply curve would move either outward or inward. Because it is expected that price would fall in November, sellers would want to make as much profit as they can now, so they would increase their supply in October. This would lead to a shift to the right of the supply curve.
On the other hand, the demand curve would shift to the left in October due to the negative relationship between price and demand.
Here is the complete question:
Suppose that in October, market analysts predict that the price of platinum will fall in November. What happens in the platinum market in October, holding everything else constant
The quantity of platinum demanded and the quantity of platinum supplied both increase
The demand curve shifts to the right
The supply curve shifts to the left.
The supply curve shifts to the right.
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Suppose that short term municipal bonds currently offer yields of 4%, while comparable taxable bonds pay 5%. required: which gives you the higher after tax yield if your combined tax bracket is:________
the tax-exempt bond. The after-tax yield for the taxable bond is the same as the before-tax yield (5%), which is higher than the 4% yield on the municipal bond with a zero tax bracket.
the tax-exempt bond. 0.05 x (1 - 0.10) = 0.045 or 4.50% is the taxable bond's after-tax yield.
neither, or c. The taxable bond's yield is 0.05 x (1 - 0.20) = 0.4 or 4% after taxes. The taxable bond's after-tax yield is the same as that of the municipal bond.
Municipal bonds are d. The bond's after-tax yield is calculated as follows: 0.05 x (1 - 0.30) = 0.035 or 3.5%. For investors in tax levels above 20%, the municipal bond delivers the higher after-tax yield.
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Journal entries for materials used in production are posted to:________
By debiting the working in process account, the manufacturing overhead account, and crediting the raw materials inventory account in the job order costing, the business can record the materials utilized in production.
What Exactly Is an Accounting Journal Entry?The date, the amount to be credited and debited, a brief description of the transaction, and the accounts affected are all included in each journal entry along with other information pertinent to a single business transaction. Depending on the business, it could include a list of the impacted subsidiaries, tax information, and other details.
In order for the general ledger and financial reports based on this information to be accurate and full, it is essential to accurately and completely input journal data. Recurring journal entries can be automated and templated in today's accounting software, reducing the possibility of error.
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The ______ view of ethical understanding and reasoning abilities considers ethical behavior to be that which delivers the greatest good to the greatest number of people
The utilitarian view of ethical understanding and reasoning abilities considers ethical behavior to be that which delivers the greatest good to the greatest number of people.
What is utilitarian?Utilitarianism means that people should practice behavior that are ethical and avoid unethical behavior.
Utilitarianism as well stated that people should do what makes them and others happy and should not involve in what can make them and others sad.
Therefore the utilitarian view of ethical understanding and reasoning abilities considers ethical behavior to be that which delivers the greatest good to the greatest number of people.
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In the market for chocholate bars, the supply of chocgolate will increase if ______.
In the market for chocolate bars, the supply of chocolate will increase if we decrease in the price of a chocolate bar.
What Is Supply?A fundamental idea in economics is supply, which refers to the entire amount of a particular commodity or service that is offered to customers. Depending on how it is shown on a graph, supply may refer to the quantity offered at a certain price or the quantity offered throughout a range of prices. This is directly related to the demand for an item or service at a particular price; all things being equal, the supply offered by manufacturers will increase if the Prices increase because every company wants to maximize earnings.
The basis of the modern economy is supply and demand dynamics. Each particular commodity or service will have its own supply and demand trends depending on cost, utility, and personal preference.
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Funding by the federal government in which area represents an indirect benefit to the state of texas?
'Funding by the federal government in which area represents an indirect benefit to the state of texas is Funding for hurricane relief.
A hurricane is a massive storm with rotating wind speeds of 74 miles per hour. Rotating winds swirl through the warm waters of the tropics and are a force to be reckoned with.
Warm seawater and thunderstorms fuel power-hungry hurricanes. Hurricanes form over the ocean and often begin as tropical waves. This is an area of cyclones moving through the humid tropics, which can result in increased shower and thunderstorm activity.
A typical hurricane lasts 12 to 24 hours. However, hurricanes can last up to a month, like Hurricane John in 1994. At the time, Wilma was also the strongest tropical cyclone in the world outside of the Western Pacific, with seven tropical cyclones on record and increasing in intensity.
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Jim makes a deposit of $12,000 in a bank account. the deposit is to earn interest compounded annually at the rate of 6 percent for seven years. Required: a. how much will jim have on deposit at the end of seven years? (hint: what is future value?) b. assuming the deposit earned a 9 percent rate of interest compounded quarterly, how much would he have at the end of seven years? c1. what is the effective annual yield for alternative (a) where interest is compounded annually? c2. what is the effective annual yield for alternative (b) where interest is compounded quarterly? c3. which alternative is better?
The future value with 6% annual compounding is $30,072.61 and its effective yield is 6%
The future value with 9% quarterly compounding is $37,290.90 and its effective annual yield is 9.31%
The 9% quarterly compounding option is better because it has a higher effective annual yield and future value
What does future value mean?
The future value of deposit of $12,000 earning 6% rate of return for 7 years is the accumulated balance at the end of year 7 when the initial deposit and prior interest have earned interest
FV=PV*(1+r)^N
FV=future at the end of year 7=unknown
PV=deposit=$20,000
r=rate of interest rate=6%
N=number of years that deposit would last=7
FV=$20,000*(1+6%)^7
FV=$30,072.61
9% quarterly compounding:
quarterly interest=9%/4=0.0225
number of quarters in 7 years=7*4=28
FV=$20,000*(1+0.0225)^28
FV=$37,290.90
EAR(annual compounding)=(1+6%/1)^1-1=6.00%
EAR(quarterly compounding)=(1+9%/4)^4-1=9.31%
The preferred choice of interest is 9% compounded quarterly since it has a higher effective annual yield and future value
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Businesses benefit from economies of scale when the cost of an investment can be?
Businesses benefit from economies of scale when the cost of an investment can be Economies of scale.
What is Economies of scale?The cost advantages that businesses experience as a result of their size of operation are known as economies of scale, and they are often quantified by the amount of output generated in a given amount of time. Scale can be increased when the cost per unit of output decreases. The phenomenon known as economies of scale occurs when the scale or magnitude of the production produced by a firm increases while the average cost per unit of output decreases.
Because they can give businesses a competitive edge in their industry, economies of scale are crucial. Therefore, businesses will always aim to achieve economies of scale, just as investors would look for them when choosing investments. The costs are distributed across a wide range of products, an organisation that enjoys economies of scope has lower average costs. Because costs drop as production volume rises, a business that enjoys economies of scale has a lower average cost.
Hence, Businesses benefit from economies of scale when the cost of an investment can be Economies of scale.
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The research design used in the study employed all of the following techniques except? a.observational.b.correlational.c.experimental.d.longitudinal.
The research design used in the study employed all of the following techniques except OBSERVATIONAL (OPTION A).
The operative word here is EXCEPT.
The data were subjected to correlational analysis.
Because there was a control group, it was unquestionably an experiment.
Being a long-term study of behavior, it was unquestionably longitudinal.
There was no discussion of observational analysis because no one was keeping an eye on the participants. Participants provided their own reports.
The research design used in the study employed all of the following techniques except OBSERVATIONAL (OPTION A).
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While the _______ is listed as the first component of the marketing plan, firms should complete this part of the marketing plan last.
While the Executive Summary is listed as the first component of the marketing plan, firms should complete this part of the marketing plan last.
What is Executive Summary?This is the term that is used to refer to the short document type that has being developed for the sake of doing business. It is used to summarize the proposal that is made so that the people that have it can easily understand its content without having to read it all.
Hence we can say that While the Executive Summary is listed as the first component of the marketing plan, firms should complete this part of the marketing plan last.
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Which action could be an example of how the occupational safety and health administration plays a role in the legal environment for human resource management?
example of how the occupational safety and health administration plays a role in the legal environment for human resource management - filing suit against violators of equal opportunity laws
What do you mean by human resource management?
Human resource management is a strategic method to successfully and efficiently managing people in a company or organisation so that they contribute to their firm's capacity to compete favourably (HRM or HR). In order to effectively manage people inside firms, human resource management focuses on policies and systems. The design of employee benefits, hiring, training, development, performance reviews, and reward management, including pay and benefit administration, fall within the purview of HR departments. HR is also concerned with organisational change, labour relations, and reconciling organisational requirements with those imposed by collective bargaining agreements and governmental regulations.
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The two major aspects of the evaluation phase of the strategic marketing process are?
The two key components of the review phase of the strategic marketing process are recognising goals that have been missed and taking corrective action.
What does the strategic marketing process' review phase entail?The assessment phase aids in determining the effectiveness of the marketing campaign. We contrast the marketing program's results with the objectives specified during the planning stage. In this way, we are able to spot the goals' deviations.
The strategic marketing process consists of three stages, which are
SWOT analysis, goal appraisal, and goal setting. awareness, action, and assessment. planning, carrying out, and evaluating.
A marketing strategy's two main components are choosing a target market and developing a marketing mix.
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A report comparing actual results to budgeted amounts that is often used to reward and evaluate employees is called a(n)?
A record evaluating proper consequences to budgeted amounts that is regularly used to reward and consider employees is called a performance report.
A performance report is a report that a company creates to outline and measure its overall success. It offers an overview of how the business is performing. To do this, performance reports ordinarily collects unique work overall performance data, analyze it, and provide recommendations to help in making decisions.
What makes a proper performance report?The integral characteristics practice to reviews of each forecast and true performance. To be clear and meaningful, overall performance information wants to be relevant, reliable, understandable, timely, comparable, and verifiable.
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https://brainly.com/question/1532968#SPJ4A process which one company studies the processes of another company for best practices is known as:__________
The answer is:- benchmarking.
A process which one company studies the processes of another company for best practices is known as benchmarking.
Why Use Benchmarks?An investment manager, mutual fund, or security's performance can be gauged using a benchmark. The most common stock and bond indexes used for this are broad market and market-segment indexes. A Sigma Six black belt has that as a component.
Benchmarks are indices that were built to contain a number of securities that each represent a certain market segment. All different kinds of asset classes have benchmark indices available. The Dow Jones Industrial Average and the S&P 500 are two of the most widely used large-cap stock benchmarks in the equities market. Setting and identifying a benchmark can be a critical component of investing for individual investors. Additionally to conventional benchmarks covering general market traits like large-cap, mid-cap, small-cap, growth, and value.
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The most rigorous means of analyzing the profit potential within a specific industry is to conduct?
The most rigorous means of analyzing the profit potential within a specific industry is to conduct an industry analysis. Option A
This is further explained below.
What is industry analysis?Generally, market research investigates not only the attractiveness of a certain market but also the dynamics of that market within a specific sector.
This is what is included in the investigation. It is a part of the investigation into the business sector, and therefore, the investigation into the state of the environment on a global scale.
Utilizing each of these unique approaches to risk analysis allows for the determination of the possible benefits, drawbacks, opportunities, and threats that are associated with the organization.
In conclusion, Conducting an industry analysis is the method that provides the most accurate assessment of the possibility of making a profit within a certain industry.
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complete question
The most rigorous means of analyzing the profit potential within a specific industry is to conduct ______.
Multiple choice question.
an industry analysis
an industry PET scan
a market analysis
a PESTEL analysis
What are some non-monetary costs of attempting to eliminate risks? loss of life loss of productivity loss of time.
Some of the non-monetary costs of attempting to eliminate risks includes:
loss of lifeloss of productivityloss of time.What is a non-monetary costs?Basically, a cost means an expenditure required to create and sell products and services or to acquire assets. But, a non-monetary costs refers to those non-money expenditure required to create and sell products and services.
Therefore, some of the non-monetary costs of attempting to eliminate risks includes the loss of life, loss of productivity, loss of time.
Therefore, the Option D is correct.
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The cash flow that results from a company's ongoing, normal business activities is called?
The cash flow that results from a company's ongoing, normal business activities is called operating cash flow.
Cash flows help a business to determine the liquidity and solvency of the business.
There are 3 types of cash flows that companies should track and analyze the business' liquidity and solvency;
Cash flow from operating activities, cash flow from investing activities and cash flow from financing activities.
These are all included on the company's cash flow statement.
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In 1903, for the first time in u.s. history, congress passed a law declaring that a person holding a specific political viewpoint could be banned from entering the nation. these were the:____
In 1903, the congress passed a law declaring that a person holding a specific political viewpoint could be banned from entering the nation, these were the anarchists.
Who are the anarchists?These are group of people that holds the theory that is skeptical of the justification of authority and power, they pursues that cluster of doctrines and attitudes centered on the belief that government is both harmful and unnecessary.
The first person to be call an anarchist was the French writer called Pierre-Joseph Proudhon. In his study, he argued that the real laws of society have nothing to do with authority but rather stem from the nature of society itself and he foresaw the eventual dissolution of authority and the emergence of a natural social order.
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Develop a research instrument that can be used to assess customers' buying behaviour for any product of your choice.
The research instrument is part of marketplace studies wherein inclination, motivation, and purchase behavior of the centered clients are identified. client studies facilitate agencies or businesses to understand consumer psychology and create targeted purchasing behavior profiles.
A look at of consumer behavior will reveal what form of customers purchase computer systems, might they purchase for home and private use or for the workplace, what capabilities they look for, what gain they are trying to find which includes post-purchase providers, how a lot they may be inclined to pay, what number of they are probably to buy, are they ready
The maximum popular research instrument strategies for customer behavior may be divided into cognitive, behaviorist, and psychodynamic classes.
The most common quantitative study methods are consumer surveys and questionnaires. if you have questions that drill down into specifics approximately your business enterprise, your marketplace, or your target consumer population, search out quantitative studies.
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In national income accounting, the value of worn out or obsolete capital is represented by?
In national income accounting, depreciation is used to indicate the worth of worn-out or outdated capital.
Depreciation is the accounting term for spreading out the expense of a tangible asset over the course of its useful. Depreciation reveals how much of an asset's value has been put to use purchasing assets over a predetermined length of time, it enables businesses to generate income from the assets they own.
The initial cost of ownership is substantially lower because businesses don't have to account for them totally in the year that assets are bought. A company's profitability might be significantly impacted if depreciation is not taken into consideration. Long-term assets may also be depreciated by businesses for accounting and tax purposes.
Comparable to amortization, which takes into account the increase in value of intangible assets over time, is depreciation.
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What would the total cost per unit fee for us to engage in foreign direct investment?
The total cost per unit fee for you to engage in foreign direct investment would be 10 percent. Foreign direct investment happens when an individual or business owns 10% or more of a foreign company. If an investor owns less than 10%, the International Monetary Fund defines it as part of their stock portfolio.
A 10% ownership doesn't give the individual investor a controlling interest in the foreign company. However, it does allow influence over the company's management, operations, and policies. For this reason, governments track investments in their country's businesses.
What are the types of foreign direct investment?Foreign direct investments are classified as horizontal, vertical, or conglomerate.
For a horizontal direct investment, a company creates the same kind of business activity in a foreign country as it operates in its home country. With a vertical investment, a business gets a complementary business in another country. With a conglomerate type of foreign direct investment, a company invests in a foreign business that is not connected to its main business.Therefore, the correct answer is as given above
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Empowered consumers increase the pressure on supply chain due to increased demands at the retail level in terms of?
Empowered consumers increase the pressure on supply chain due to increased demands at the retail level in terms of Competitive Prices
Describe the supply chain.
A supply chain is a network of individuals and organisations in charge of creating a product and distributing it to customers. The initial link in the chain are the suppliers of raw materials, and the last is the vehicle that transports the finished good to the client. The lower costs and increased productivity that result from an efficient supply network can be used to illustrate the significance of supply chain management. Businesses enhance their supply networks to decrease costs and stay competitive.
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In the united states, who receives the goods and services produced depends largely on?
In the united states, who receives the goods and services produced depends largely on how income is distributed. Income distribution refers to how a nation's population is divided among its total GDP. Income and its distribution have long been seen as a primary priority in economic theory and policy. Economic inequality is brought on by unequal income distribution and is a problem in practically every nation on earth.
The income distribution among the main production factors (land, labour and capital). Although they have concentrated more on how income is distributed among people and households, modern economists have also addressed concerns of income distribution. The balance between income inequality and economic growth, and their frequently antagonistic relationship, are significant theoretical and policy challenges.
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In a court of equity, the doctrine that will bar a lawsuit if it is not filed within a proper time is known as:_________
Equitable remedy is the doctrine used in equity courts that prevents lawsuits from being filed if the appropriate deadline has passed.
In order to respond more adaptably to shifting social conditions than was possible under precedent-based common law, courts of equity devised equitable remedies beginning around the reign of Henry VIII.
The Court of Chancery in England granted equitable remedies, and they are still readily available in the majority of common law countries today. Legal and equitable remedies have been combined in many countries, and a single court may now impose either or both remedies. Despite substantial judicial consolidation, there are still some notable situations where the gap between equitable and legal remedies is still important. Notably, the Seventh Amendment of the United States Constitution keeps "at common law" civil actions with a value of over $20 from losing their right to a jury trial.
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Max weber stressed that sociologists should employ _____ to gain the ability to see the world as others see it.
Max weber stressed that sociologists should employ Verstehen to gain the ability to see the world as others see it.
Verstehen is a German word which means that to understand in a deep way which also refers to an approach within the sociology. In this approach, when the researcher aims on understanding another person's experience, he could easily try to put himself in the shoes of other person.
He can also do this by learning from the other person with the help of conversations and interactions that give the researcher a greater insight.
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A thrill is a fine, palpable, rushing vibration. it generally indicates turbulence or a disruption of the expected blood flow. one of the causes includes:__________
A thrill generally indicates turbulence or a disruption of the expected blood flow. One of the causes of thrill includes an incompetent heart valve.
What is a thrill?This refers to the fine, palpable, rushing vibration or a palpable murmur that indicate a disruption of the expected blood flow related to some defect in the closure of one of the semilunar valves (generally aortic or pulmonic stenosis), pulmonary hypertension, or atrial septal defect.
As the thrill is a vib-rat-ory se-nsati-on felt on the skin overlying an area of turbulence, it indicates a loud heart mu-rm-ur which are usually caused by an incompetent heart valve.
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Supply and quantity supply are the same and measure the same distribution behavior in a market. True or false
The same distribution behavior is measured by supply and quantity supply in a market. This statement is false.
The statement is false because both supply and quantity supplied measures different concepts. The foundational idea in economics is supply. It alludes to the numerous sizes that the producer is prepared to offer for sale at varied potential costs. However, quantity supplied refers to the whole amount of the good that providers are willing to sell at a given market price.
According to the law of supply, as a good or service's price rises, the producer will make and offer more of it. Other determinants, however, remain consistent. As a result, the cause is the change in the commodity's price. Additionally, its impact can be seen in the shift in that commodity's supply. High pricing also motivate a company to increase production or sales. Price and amount delivered have a clear and favorable relationship.
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Yesterday, a u.s. dollar traded for .83 british pounds. today, the u.s. dollar trades for .95 british pounds. it is accurate to say?
Yes it is accurate to say that Yesterday, a u.s. dollar traded for .83 british pounds. today, the u.s. dollar trades for .95 british pounds because the British pound has depreciated in value relative to the U.S. dollar.
What is deprecation of value ?
Depreciation is the value reduction that happens as a result of the use or depreciation of an item. The value of an item once depreciation is taken into account is the item's total depreciated value. Through a mathematical formula, you will calculate this value by taking into account the item's original cost, its scrap value, and its anticipated lifespan.
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Your business statistics class had a test last week. The average score for the class is an example of.
Example of the average score for the class is Descriptive Statistics. An individual data set, which may be a sample of a population or a representation of the entire population, is summed up using a specific data set using brief informative coefficients known as descriptive statistics. Measures of central tendency and measures of variability are included in descriptive statistics (spread).
To put it simply, descriptive statistics offer succinct summaries of the sample and data measures to help describe and comprehend the features of a certain data set. The most well-known types of descriptive statistics are the mean, median, and mode, which are used at almost all math and statistics levels.
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After paying 25% in taxes and paying off his car loan of $23,000, he has $22,000 left. what was the grand prize of the scratch-off before taxes were applied and before jose paid off his car loan?
Answer:
60,000
Explanation:
price before he paid his loan was 22000+ 23000 = 45000
25% were taxes which means 75% is the value remaining after paying taxes.
let the original prize be x
x × 75% = 45000
45000/75% = x
x = 60000
