Understanding your people's personalities can help you better understand how they work and how you can work with them, especially when creating teams.
Why is personality type important in the workplace?A more cohesive team. Particularly when forming teams, knowing your people's personalities can help you better understand how they function and how you can collaborate with them. Individuals make form a team, and personality can be either the mortar or the chisel that keeps the team together.Conscientiousness. This characteristic gauges a person's dependability and reliability. Higher scores indicate a person who is more goal-oriented, has better impulse control, and is typically more organised. They are likely to achieve academic success and show leadership potential.This makes sense given that conscientious people are more driven, have a greater need to succeed at their jobs, and are detail-oriented. Emotional stability is the second best indicator of personality.These are the true concerning the search for employees with the right personality type :
There is no ideal personality profile.One personality does not fit all jobs.Employers should try to find a fit for an employee's personality.Learn more about Employer personality refer to :
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in a variable life insurance policy all of the following assets are held in the insurance company's general account except1. Paying a claim2. Policy of a new home3. Cash surrender calues4. Fixed amount
Option D is correct. Variable existence insurance is a permanent life insurance coverage with an investment component. The policy has a cash-value account with money that is invested, generally in mutual funds.
As a everlasting life insurance policy, variable life insurance plan can pay a dying benefit to your beneficiaries when you die.
Which of the following are the aspects of a variable lifestyles insurance policy?Variable familiar life is a type of permanent lifestyles insurance plan policy. With points that include money value, investment variety, flexible premiums and a flexible demise benefit.
Variable lifestyles insurance is a permanent lifestyles insurance product with separate money owed comprised of a variety of contraptions and funding funds, such as stocks, bonds, fairness funds, money market funds, and bond funds.
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https://brainly.com/question/30469265#SPJ4The value of the ending inventory is calculated by multiplying the number of units in ending inventory by the ______A. unit product cost B. variable overhead cost per unit C. total overhead cost per unit D. the sum of the direct materials and direct labor cost per unit
Therefore option A is the correct choice.
By dividing the number of units in ending inventory by the unit manufacturing cost, the value of ending inventory is determined.
The following formula makes figuring out the product unit cost as simple as adding and dividing. (Fixed Costs - Variable Costs) / Units is the formula for calculating cost per unit.
Divide the sum of all your costs by the number of items you sell after adding up all your costs:
It is necessary to total up the fixed expenses for a specific time frame.
Add up the variable costs for the same period.
Combine fixed and variable expenses to get the entire production cost.
Take the total cost of manufacturing and deduct the quantity of units you produced during that time.
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Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data.Rounded Edge Squared Edge TotalDirect materials $ 31,200 $ 44,800 $ 76,000Direct labor 12,200 23,800 36,000Overhead (using plantwide rate) 36,600 71,400 108,000Total product cost $ 80,000 $ 140,000 $ 220,000Units produced 10,000 14,000 Product cost per unit $ 8 $ 10 Required:1. Compute the activity rate for each activity using activity-based costing.2. Compute overhead cost per unit for each of the two products using activity-based costing.3. Determine product cost per unit for each of the two products using activity-based costing.
1. To compute the activity rate for each activity using activity-based costing, we need to know the total cost driver for each activity. Let's assume that the plantwide overhead rate was based on direct labor cost.
a. Rounded Edge:
Activity rate = Overhead cost / Total direct labor cost = 36,600 / 12,200 = $3 per direct labor hour
b. Squared Edge:
Activity rate = Overhead cost / Total direct labor cost = 71,400 / 23,800 = $3 per direct labor hour
2. To compute the overhead cost per unit for each of the two products, we need to multiply the activity rate by the cost driver for each product.
a. Rounded Edge:
Overhead cost per unit = Activity rate * Direct labor cost per unit = $3 * ($12,200 / 10,000) = $0.36 per unit
b. Squared Edge:
Overhead cost per unit = Activity rate * Direct labor cost per unit = $3 * ($23,800 / 14,000) = $0.54 per unit
3. To determine product cost per unit for each of the two products using activity-based costing, we add the overhead cost per unit and the direct material cost per unit.
a. Rounded Edge:
Product cost per unit = Overhead cost per unit + Direct material cost per unit = $0.36 + ($31,200 / 10,000) = $3.46 per unit
b. Squared Edge:
Product cost per unit = Overhead cost per unit + Direct material cost per unit = $0.54 + ($44,800 / 14,000) = $4.54 per unit
What is activity-based product cost?
Activity-based costing is a method of calculating product cost by assigning overhead costs based on each product's resource consumption.
Hence, the answer is,
1. activity rate for each activity
Squared edge $3 per direct labor hour
Rounded edge $3 per direct labor hour
2. overhead cost per unit
Squared edge $0.54 per unit
Rounded edge $0.36 per unit
3. product cost per unit
Squared edge $4.54 per unit
Rounded edge $3.46 per unit
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which statement is false regarding long-run economic growth? please choose the correct answer from the following choices, and then select the submit answer button. answer choices long-run growth per capita occurs when an economy's overall production grows at a faster rate than the economy's population. long-run growth per capita refers to a sustained upward trend in output per person. the key to higher wages and rising living standards is to avoid economic troughs at all costs. the key to higher wages and rising living standards is long-run growth per capita.
A nation's capacity to produce more goods and services over the long term is referred to as long-run growth. A country's GDP is strongly correlated with population growth in addition to pricing and supply and demand.
What Is Economic Growth?Economic growth is the increase in the production of economic commodities and services from one time period to the next. It can be computed in nominal or real (inflation-adjusted) terms.Although occasionally different measures are used, gross national product (GNP) or gross domestic product is the typical measure of aggregate economic growth (GDP).Economic growth, in its simplest form, is the rise in the overall production of an economy. The average marginal productivity is typically, but not always, higher as aggregate production increases.In turn, rising wages encourage people to spend more money, raising their standard of living or quality of living in terms of material goods.To Learn more About long-run growth Refer To:
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illustrate your understanding of how to use the adjusted trial balance to prepare a statement of owner's equity by completing the following sentence. in order to prepare the statement of owner's equity, the owner (capital, cash) account balance as well as any debit balance in the (withdrawals, supplies) account is transferred from the adjusted trial balance and is used along with the reported net income (loss) from the income statement.
Both all of the revenues and their credit balances as well as all of the expenses and their debit balances are moved to the income statement.
How are financial statements made using the adjusted trial balance?In order to make sure that the financial statements for the time are correct and current, an adjusted trial balance is prepared. It fixes any mistakes to bring the statements into compliance with the standards of the relevant accounting system.
How do you create an accounting adjusted trial balance?A sequence of journal entries that are intended to account for any transactions that have not yet been completed are created in order to create an adjusted trial balance. Payroll costs, prepayment costs, and depreciation costs are some of these expenses.
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Big Electronics Company (BEC) is headquartered in Pinellas County Florida and employs over 1,000 people. Prior to the pandemic, the company experienced difficulties in retaining employees. Since the pandemic, the company continues to experience high turnover and difficulties recruiting employees. Jane Smith, the vice president of Human Resources and seeks to discover possible reasons for the hiring and retention issues.
Q. Perform a Cause and Effect analysis using the three steps outlined in the textbook on Page 401. Explain major causes and sub-causes identified and include the fishbone diagram in your response.
A Cause and Effect analysis using the three steps outlined is shown below
What are the steps?Step 1: Identify the Problem
High turnover and difficulty in recruiting employees
Step 2: Identify Possible Causes
Major Causes
-Low wages
-Company culture
-Competitive job market
-Lack of career advancement
-Unattractive benefits
Sub Causes
-High cost of living in the area
-Lack of job training and development
-Unclear job descriptions
-Uncompetitive salaries
-Unattractive benefits package
-Lack of recognition and rewards
-Unhealthy work environment
Step 3: Diagram the Causes
Fishbone Diagram
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(100 Points!) What huge non-fiction sub-genre includes photojournalism, documentary photography, and travel photography?
A. nature
B. scientific
C. life
D. military
Answer:
life
Explanation:
Lacking, then, a truly precise definition, Documentary Photography is best thought of as an umbrella term that encompasses many styles and themes including: Social Documentary; Conservation Photography; Ethnographic Photography; War Photography; the photo essay; New Documents; and Social Landscape photography.
Here to confirm that the answer is indeed B) Life
Good luck to those in the future, these questions are hard to find on brainly right now.
which of the following is not an advantage of using independent sales representatives over company salesforces?
either direct selling or public relations. advantages does employing lone salespeople have over corporate salesforces Companies have more control over the actions of a sales professional than they do of a sales force.
One way to describe an SBU is as?
A strategic business unit, or SBU for short, is a fully functional division of a company with distinct objectives. A strategic business unit is an important part of the organisation and often runs on its own. An organisational structure known as Strategic Business Units (SBUs) is made up of various divisions, each of which focuses on a distinct target market. They are occasionally more adaptable than traditional hierarchies because they may quickly distribute resources to various goods or services.
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sun tzu is considered an early contributor to the management thought in which of the following the areas?
Relates to its surroundings. The Sumerian Code was a collection of 282 rules that addressed a wide range of conduct, including as business transactions, private conduct, social interactions, and penalties.
What is meant by management?The so-called Code of Lipit-Ishtar, which dates from approximately 1934 to 24 BC and contains the customary prologue, articles, and epilogue, is the source of Sumerian law. It covers topics like individual rights, marriages, successions, penalties, property rights, and contracts. To accomplish a goal, tasks must be organized and coordinated through management. Setting the organization's strategy and organizing the staff's efforts to achieve these goals by utilizing the resources at hand are examples of such administration activities. The four most common types of managers are team leaders, first-line managers, middle managers, and top managers.Getting the work or task done that is necessary for attaining an organization's goals in an efficient and effective way is the definition of management.To learn more about management, refer to:
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true/falsr. if miguel expects to earn a higher income next month, he may choose to question 4 options: save more now and spend less of his current income on goods and services. save less now and spend more of his current income on goods and services. decrease his current demand for goods and services. move along his current demand curves for goods and services.
Option B is correct, save less now and spend more of his current income on goods and services.
What Is the Demand Curve?The demand curve is a graphical representation of the relationship between the price of an item or service and the amount demanded over a given period of time. The cost will often be shown on the left vertical axis, while the quantity required will typically be shown on the horizontal axis.
What is goods and services?Services are actions completed for the benefit of the recipients, whereas goods are tangible products made available to customers. Several examples of items include furniture, clothing, and automobiles. Services like consulting, housekeeping, and legal advice are a few examples.
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______ ______ regression makes the sum of the squared prediction errors as small as possible
The total of the squared prediction errors is minimized using least squares regression.
What is meant by Least Squares regression?The least squares approach is a mathematical strategy that enables the analyst to decide how to best fit a curve on top of a data point chart. It is related to regression analysis and is frequently used to simplify the interpretation of scatter plots. Most statistical software applications today include the least squares approach as a feature.
Least Squares Regression Line is this line's top performance (abbreviated as LSRL). This is accurate when y is the expected y value given x, an is the y intercept, b is the slope, and c is the gradient. The Least Squares Regression Line predicts a y-value for each x-value that is somewhat close to the observed y-value but typically errs on the side of underprediction.
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t the end of last year, the company's assets totaled $865,000 and its liabilities totaled $742,500. during the current year, the company's total assets increased by $58,500 and its total liabilities increased by $24,250. at the end of the current year, stockholders' equity was:
Stockholders' equity was at $163,350 at the end of the current fiscal year.
Liabilities are subtracted from assets to determine stockholders' equity. We must first determine the total assets and liabilities at the end of the current year in order to calculate the shareholders' equity at that time.
Total assets at the end of the current year = Assets at the end of last year + Increase in assets during the current year
Total assets as of the year's end = $877,000 + $59,700 = $936,700
Total liabilities at the end of the current year = Liabilities at the end of last year + Increase in liabilities during the current year
Total liabilities at the end of the current year = $748,500 + $24,850 = $773,350
Now, we can calculate stockholders' equity at the end of the current year as follows:
Stockholders' equity = Total assets at the end of the current year - Total liabilities at the end of the current year
Stockholders' equity = $936,700 - $773,350 = $163,350.
Complete Question:
At the end of last year, the company's assets totaled $877,000 and its liabilities totaled $748,500. During the current year, the company's total assets increased by $59,700 and its total liabilities increased by $24,850. At the end of the current year, stockholders' equity was:
A. $34,850.
B. $163,350.
C. $128,500.
D. $188,200.
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Alex has been transferred to the company's branch in Zambia. His salary has been increased by 20% to be compensated for living in an area with a lower quality of life or less safety. The 20% increase in salary can be viewed as a(n) __________________.
a.cost-of-living adjustment
b.tax equalization payment
c.hardship premium
d. housing allowances
Alex has been transferred to the company's branch in Zambia. His salary has been increased by 20% to be compensated for living in an area with a lower quality of life or less safety. The 20% increase in salary can be viewed as a(n) Hardship Premium Option C
What is Hardship Premium?Generally, Hardship Premium is an additional payment that is given to employees who have faced significant difficulty in their work or personal life which has affected their performance.
This payment is intended to provide financial relief or assistance to an employee who has had to endure difficult circumstances. It is meant to help them get back on their feet and cope with the situation.
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The 20 % increase that Alex saw in his salary is to be viewed as a c. hardship premium
What is a hardship premium?A hardship premium is an additional payment made to an employee in recognition of the difficulty or unpleasantness of their working conditions, beyond the standard pay for their job.
It is intended to provide financial compensation for work that is especially challenging or demanding, such as working in extreme temperatures, hazardous environments, or under physically or emotionally taxing conditions.This is why Alex's salary was increased.
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karen runs a print shop that makes posters for large companies. it is a very competitive business. the market price is currently $1 per poster. she has fixed costs of $500. her variable costs are $2,000 for the first thousand posters, $1,600 for the second thousand, and then $1,000 for each additional thousand posters. instructions: enter your answers rounded to two decimal places. a. what is her afc per poster (not per thousand!) if she prints 1,000 posters? $ what if she prints 2,000 posters? $ what if she prints 10,000 posters? $ b. what is her atc per poster if she prints 1,000? $ what if she prints 2,000? $ what if she prints 10,000? $ c. if the market price fell to 95 cents per poster, would there be any output level at which karen would not shut down production immediately? (click to select)
She has $500 in fixed expenses. For the first thousand posters, her variable cost are $2,000; for the second thousand, $1,600; and for each successive thousand, $1,000.
What is variable cost?Variable costs are expenses that alter as the volume of a good or service a company produces fluctuates. Marginal costs multiplied by the number of units produced make up variable costs. They can be regarded as typical expenses as well. Total cost is divided into two parts: fixed costs and variable costs. Because they can significantly affect how a corporation spends its money, variable costs are extremely essential to a business. Variable costs can be relatively large (in the case of a lot of change in a corporation) or fairly minimal, depending on the strategic aims of a company.
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if a firm is conducting a swot analysis, which of the following are the positive factors that should be taken into consideration? (check all that apply.)
The following advantages must be considered while conducting a SWOT analysis:
1. What distinctive resources are offered to the company?
2. What trends is the company best suited to capitalize on?
What is SWOT analysis?A person or organization can use the SWOT analysis (also known as the SWOT matrix) to discover Strengths, Weaknesses, Opportunities, and Threats (SWOTs) relevant to business competition or project planning.
Situational analysis or situational evaluation are other names for it.
The acronyms TOWS and WOTS-UP also share the same elements.
This method can be used to assess the strategic position of a variety of companies and is intended for use in the early phases of decision-making processes (for-profit enterprises, local and national governments, NGOs, etc.).
When doing a SWOT analysis, the following positive factors must be taken into account:
1. What distinctive resources are offered to the company?
2. What trends is the company best suited to capitalize on?
Therefore, the following advantages must be considered while conducting a SWOT analysis:
1. What distinctive resources are offered to the company?
2. What trends is the company best suited to capitalize on?
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Complete question:
If a firm is conducting a SWOT analysis, what are the positive factors that should be taken into consideration?
now write a matlab program that adds the terms until the approximate percent relative error (error between current and previous estimate) falls below 0.01%. document the final value, the percent relative error (approximate and true), and the number of iterations it took.
This is a Matlab program that implements this logic:
the conclusion of the programme, the final number, the approximate percent relative error, and the actual percent relative error are reported.
clear;
% Initialize variables
previous_estimate = 0;
current_estimate = 1;
percent_relative_error = 100;
n = 1;
% Define the terms of the series
terms = (n) (-1)^(n-1)/(2*n-1);
% Iterate until the percent relative error falls below 0.01%
while percent_relative_error >= 0.01
previous_estimate = current_estimate;
current_estimate = current_estimate + terms(n);
percent_relative_error = abs((current_estimate - previous_estimate) / current_estimate) * 100;
n = n + 1;
end
% Print the results
true_error = (pi - current_estimate) / pi * 100;
fprintf('Final value: %f\n', current_estimate);
fprintf('Number of iterations: %d\n', n-1);
fprintf('Approximate percent relative error: %f%%\n', percent_relative_error);
fprintf('True percent relative error: %f%%\n', true_error);
By accumulating the terms of the series terms(n), this software approximates pi until the percent relative error (percent relative error) is less than 0.01%. The variables previous estimate and current estimate each store the value of the previous and current estimates, respectively. Additionally, the quantity (n) of iterations is tracked.
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which of the following is the reason(s) why project managers need to understand their organization's mission and strategy?
Project managers should be aware of the mission and strategy of their company for two key reasons.
The first is so they may decide what to do and adjust accordingly. If a project manager's organization aims to be a product leader through innovation or to attain operational excellence through low-cost solutions, for instance, his or her response to a request to change a product's design in order to improve performance will differ. Project managers should be aware of their organization's strategy in order to effectively promote their projects. Project managers must be able to show top management how their project advances the goals of their company.
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Which of the following, if true, would require a company to respectfully and honestly explain the hiring process to all applicants?
A. The company is solely interested in profit-making.
B. The company views employees as investors.
C. The company views employees as assets.
D. The company is committed to practicing ethical behavior.
The company would require to respectfully and honestly explain the hiring process to all applicants if D) the company is committed to practicing ethical behavior.
When a company values and prioritizes ethical behavior, it has a responsibility to treat all applicants fairly and with respect, including providing them with an honest and transparent explanation of the hiring process.
This is important to maintain the trust and confidence of potential employees, as well as to protect the company's reputation as a fair and reputable employer.
By openly communicating the process and criteria used to make hiring decisions, applicants are better able to understand the company's expectations and evaluate whether they are a good fit for the organization.
Furthermore, this approach also sets a positive tone for future interactions and relationships with employees, establishing the company as a responsible and ethical place to work.
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3. assuming a market price per share of $25.00 for the preferred stock and $17.50 for the common stock, determine the average annual percentage return
The average annual percentage return can be calculated by considering the dividends received on each type of stock and dividing by the market price per share.
If the preferred stock pays an annual dividend of $2.00 per share, the average annual return would be 8% ($2.00/$25.00). If the common stock pays an annual dividend of $1.00 per share, the average annual return would be 5.71% ($1.00/$17.50). It's important to note that the returns for each type of stock can be different due to their differing priority in a company's capital structure. Preferred stockholders typically receive a higher dividend compared to common stockholders, but common stockholders usually have the potential for higher returns through stock price appreciation. Additionally, the market price of each type of stock can fluctuate independently, so the actual returns may differ from the calculated average returns. In conclusion, the average annual percentage return for preferred stock is 8% and 5.71% for common stock, based on the assumptions provided. These calculations are a useful starting point for determining the expected returns from a particular investment, but it's important to consider other factors such as the stability of the company's earnings, the industry, and market conditions.
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please rank up to 3 investment banking office(s) you wish to apply in order of preference (e.g. your tier 1)* meaning
The front office, middle office, and back office are three major areas where responsibilities can be found in an investment banking office.
What is Investment Banking?
Investment banking is the area of a bank or financial institution that provides underwriting (capital raising) and mergers and acquisitions (M&A) advice services to governments, corporations, and institutions. Investment banks serve as a bridge between corporations and investors that have the capital to invest (who require capital to grow and run their businesses). What investment banking is and what investment bankers actually do will be covered in this guide. An investment bank and a bank's investment banking division (IBD) can occasionally be confused with one another. Underwriting, mergers and acquisitions, sales and trading, equities research, asset management, commercial banking, and retail banking are just a few of the many services provided by full-service investment banks.
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in addition to the heads of the departments, which of the following officials do presidents often include in their cabinets?
in addition to the heads of the departments, the presidents often include C. Vice presidents in their cabinets.
Since the position's creation in 1950, there are 14 vice presidents. Sarvepalli Radhakrishnan, India's first vice president, took the oath of office on May 13, 1952, at Rashtrapati Bhavan. Later, he held the office of president.
The majority of vice presidents entered office with prior political experience and were in their 50s or 60s. George Clinton, as well as John C. Calhoun, were two vice presidents who held office under two different presidents.
On December 19, 1934, in the Maharashtrian village at Nadgaon in the Jalgaon district, Patil was born into a Marathi family. She is Narayan Rao Patil's daughter. The incumbent, Harris, was born on October 20, 1964, making her the youngest current vice president Daniel D. had the shortest tenure as vice president.
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Complete question:
in addition to the heads of the departments, which of the following officials do presidents often include in their cabinets?
A. Policitians
B. prime ministers
C. vice president
D. Cabinet ministers
in determining how to group the employees into organizational units, the intensity with which they need to collaborate with one another is less important than the need for social harmony.
The given statement ''in determining how to group the employees into organizational units, the intensity with which they need to collaborate with one another is less important than the need for social harmony'' is false.
What is social harmony?The process of valuing, expressing, and promoting love, trust, admiration, peace, harmony, respect, generosity, and equity towards other members of any given society, regardless of their weight, marital status, ethnicity, colour, gender, race, age, and occupation, among other characteristics, is known as social harmony.The Harmonious Society is a socioeconomic idea that has gained recognition in China as a response to the growing social discord and inequality that are allegedly forming in mainland Chinese society as a result of unfettered economic expansion.Social harmony is the state of peace that exists when all of the people in a society are connected by a common tie.Learn more about social harmony refer to :
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which of the following are true of functional strategic planning when compared with business unit planning and corporate planning? (check all that apply.)
The following are true of functional strategic planning when compared with business unit planning and corporate planning are :
-This type of planning has the most constraints.
-This type of planning has a narrow scope and is very detailed.
What distinguishes corporate planning from functional planning?
The overarching objectives of your company's corporate strategy. If your company is large enough to have distinct departments, each one should have a strategic plan based on the corporate objectives.
When compared to company business planning and corporate planning, functional strategic planning has the following characteristics that are true: -This style of planning has the most restrictions and This kind of planning is very thorough and has a specific focus.
Therefore, A thorough plan for achieving the firm goals is the functional strategy.
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Suppose the market for hot dogs in Santa Cruz is monopolized
by a single firm, Top Dog. Top Dog faces the hot dog inverse demand curve P(q) = 1.00 –
0.01Q, where Q is the number of hot dogs sold. The marginal cost of hot dogs increases with
the number of dogs produced, according to MC = 0.10 + 0.01Q.
(a) What is Top Dog’s profit maximizing price and quantity sold? Indicate this price and
quantity on a graph that includes the demand curve, the marginal revenue curve, and the
marginal cost curve. What would the price and quantity be that maximizes the sum of
producer and consumer surplus (i.e., the outcome that results from perfect competition)?
What is the deadweight loss of monopoly in the Santa Cruz hot dog industry?
(b) Suppose the Santa Cruz city council, appalled at the high hot dog prices in town, sets a
price ceiling of $0.60 per dog. Re-draw your graph from part (a), including the price cap
and the new marginal revenue curve. Think carefully about how you draw this curve—
what is marginal revenue when the price cap is binding? Indicate on the graph the new
price and quantity sold of hot dogs in Santa Cruz when the price ceiling is in effect.
(c) Price ceilings often cause producers to produce less than the optimal amount, resulting in
a shortage and economic inefficiency. That intuition applies well to settings of perfect
competition. Here, however, we have monopoly, and you should have found in part (b) that
the price ceiling caused production to increase. Moreover, there is no shortage. Why is this
outcome possible in monopoly?
(d) Suppose you run the city council, and want to set the price ceiling so as to maximize the
sum of consumer and producer surplus. Where do you set the price ceiling? How does your
answer relate to the perfectly competitive price from part (a)?
(e) With monopoly, it is still possible to set a price ceiling that results in a shortage (i.e. the
monopolist produces a quantity that is lower than demand at the price ceiling). In our
example, what levels of the price ceiling would create a shortage? Show an example using
a graph.
(A) The amount between the quantity that maximizes profit and the quantity that is perfectly competitive, in this case, 10, must be compared in order to determine the deadweight loss of monopoly in this market.
(B) Setting P = $0.60 and solving for Q, which results in Q = 60, makes it easy to calculate the new quantity sold while a price ceiling is in force.
(C) In a market with perfect competition, companies would have to reduce their costs in order to boost production, which is not feasible.
(D) The largest surplus accrues to producers and consumers, and the largest difference between price and marginal cost exists.
(E) The values Q = 80 (Demand) and Q = 90 are found in a sample (Supply). The scarcity is the cause of the 10 additional hotdogs.
(A) One can determine Top Dog's price and quantity that maximizes profits by setting MR = MC and calculating Q. In this case, MR = P = 1.00 - 0.01Q and MC = 0.10 + 0.01Q. After setting MR = MC and finding Q, the answer is 90. The profit-maximizing price is then established by reintroducing this quantity into the demand equation, leading to P = $0.10. In this scenario, P = $0.10 and Q = 100 in a fully competitive market would arise from setting P = MC, which would determine the price and quantity. Calculating the deadweight loss of monopoly in this market involves comparing the amount between the quantity that maximizes profit and the quantity that is perfectly competitive, in this case, 10.
(B) When a $0.60 price cap is applied, the new MR curve will be a horizontal line. Because it can sell any quantity of hot dogs for $0.60, the monopolist will have no motivation to adjust the price when it is capped at that amount. When a price ceiling is in effect, determining the new quantity sold is possible by setting P = $0.60 and solving for Q, which yields Q = 60.
(C) An increase in production in response to a price cap is possible in a monopoly market because the monopolist can maintain the capped price even if production increases. Businesses would have to lower their costs in a market with perfect competition in order to increase production, which is not practical.
(D) To maximize the sum of consumer and producer surplus, the price ceiling would have to be set at the $0.10 profit-maximizing price. This is true because, at this price, the surplus for both producers and consumers is the biggest, and the gap between price and marginal cost is the most comprehensive.
(E) In this situation, scarcity would exist if the price cap was higher than $0.10 but lower than $0.60. At a price floor between $0.10 and $0.60, the amount needed would be greater than the amount supplied by the monopolist, resulting in a shortage. A sample can be obtained by solving for Q with a $0.30 price ceiling, which yields the values Q = 80 (Demand) and Q = 90. (Supply). The difference of 10 hotdogs is due to the shortage.
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true/false. suppose roses are currently selling for $40 per dozen, but the equilibrium price of roses is $30 per dozen. we would expect a question 10 options: shortage to exist and the market price of roses to increase. shortage to exist and the market price of roses to decrease. surplus to exist and the market price of roses to increase. surplus to exist and the market price of roses to decrease.
Shortage to exist and the market price of roses to increase. When the actual market price is higher than the equilibrium price, it indicates that there is a shortage in the market. In order to meet the higher demand, the price has to increase.
What is equilibrium price?Equilibrium price is the price point where the supply and demand of a particular good or service are equal. At this point, market forces are balanced and there is no tendency for the price to either increase or decrease. This price is determined by the intersection of the supply and demand curves, and represents the point at which the quantity of goods being supplied is equal to the quantity being demanded. All buyers and sellers are willing to transact at this price and no one is willing to pay or accept more or less. Changes in either the supply or demand can cause the equilibrium price to shift, creating a new balance between buyers and sellers.
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companies that believe they can make decisions unilaterally, without taking into consideration their impact on others, are
The companies that believe they can make the decisions unilaterally, without taking into consideration impact on others, are inactive.
What is a company?Whether they are natural, legal, or a combination of the two, a collection of individuals with a clear aim is referred to as a business and is represented by the legal entity co. To achieve their predetermined goals, corporate members collaborate with one another. No matter how successfully or poorly the members of a corporation perform their obligations under the publicly announced incorporation or published policy, the corporation may be established as a legal entity with limited accountability for the corporation as a whole. A firm might have to be liquidated to avoid taking on further legal obligations once it shuts down. Corporate groupings are newly formed companies that result from a merger of two or more corporations and are registered as a single new entity.
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Complete Question:
Companies that believe they can make decisions unilaterally, without taking into consideration their impact on others, are?
____ is the change in what is on the horizontal axis (quantity) divided by the change in what is the vertical axis (price).a. Elasticityb. Supplyc. Demandd. Revenue
a. Elasticity is the change in what is on the horizontal axis (quantity) divided by the change in what is the vertical axis (price).
Elasticity is a measure of a variable's sensitivity to a change in another variable, most frequently the change in amount requested compared to other factors such as price.
Price elasticity is the degree to which individuals, consumers, or producers adjust their demand or the amount supplied in reaction to price or income changes in business and economics.
It is mostly used to measure the change in customer demand caused by a change in the price of a good or service. When the value of elasticity is larger than 1.0, it indicates that a change in the price of a good or service affects demand more than proportionally.
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which of the following are ways wikipedia can be useful to you when you are developing your research question?
Your understanding of how your research issue fits into a larger topic can also be improved by consulting Wikipedia. The fact that each article on Wikipedia contains a link to a related one is one of its advantages. You can use these to investigate your topic's context.
When conducting research, what is the value of Wikipedia?Using Wikipedia to quickly learn about your subject is one of the best uses of the site for academic study. Considering that it is an encyclopedia If you are looking up information on a topic you are not familiar with, this is especially helpful.
Why Wikipedia is a trustworthy source for researchWikipedia entries are frequently at the forefront of any web study and are excellent resources to acquire trustworthy information and get background knowledge on a subject. sources through their notes, references, external links and further reading sections.
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mercantilist theory led nations to multiple choice attempt to outlaw international trade. encourage both imports and exports. curtail but not prohibit imports and exports. impose restrictions on imports and encourage exports.
Mercantilist theory led nations to curtail but not prohibit imports and exports. It is based on the idea that a nation's wealth is determined by the amount of its gold and silver holdings.
What do you know about Mercantilist theory?Mercantilist theory is an economic theory that was popular in Europe during the 16th-18th centuries. It is based on the idea that a nation's wealth is determined by the amount of its gold and silver holdings. According to this theory, a nation should strive to increase its gold and silver holdings by engaging in activities such as controlling trade, encouraging exports and discouraging imports.
Mercantilist policies were used to support state-controlled monopolies, and the idea that a nation should strive for a positive balance of trade. This theory was challenged in the 18th century by the theories of Adam Smith and other classical economists, which argued that economic growth was best achieved through free markets.
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Question:-
Mercantilism maintained that government regulation of trade was
a. detrimental because it interfered with free trade.
b. not justified because it interfered with the rights of merchants to do business as they thought best.
c. necessary to prevent wealthy countries from taking advantage of poorer countries.
d. necessary to provide the greatest national benefit because individual merchants tended to look after their own interests and not the national interests.
the basis is defined as spot minus futures. a trader is hedging the sale of an asset with a short futures position. the basis increases unexpectedly. which of the following is true?
The basis is defined as spot minus futures. a trader is hedging the sale of an asset with a short futures position. The basis increases unexpectedly. The hedger's position improves. Thus option (A) is correct.
The question is incomplete.
What is hedging?The hedging is an advanced risk management strategy that involves buying or selling an investment to potentially help reduce the risk of loss of an existing position.
Hedging is not a commonly used trading strategy among individual investors, and in the instances where it is used, it is typically implemented at some point after an initial investment is made.
The basis is defined as spot minus futures. a trader is hedging the sale of an asset with a short futures position. The basis increases unexpectedly. The hedger's position improves. Therefore, option (A) is correct.
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The complete question is:
The basis is defined as spot minus futures. A trader is hedging the sale of an asset with a short futures position. The basis increases unexpectedly. Which of the following is true?
A. The hedger's position improves.
B. The hedger's position worsens.
C. The hedger's position sometimes worsens and sometimes improves.
D. The hedger's position stays the same.