Final answer:
The seller recovering the difference between the resale price and the original contract price demonstrates the concept of seller surplus. It represents a gain for the seller when the resale price exceeds the original price paid by the buyer. Both buyer surplus and seller surplus contribute to the total economic gains from trade.
Explanation:
The concept described in the question refers to seller surplus, which occurs in economic transactions. When a seller resells a good, the difference between the resale price and the original contract price with the buyer is a form of seller surplus. If the resale price is higher than the original contract price, the seller recovers this difference, which can be considered a gain or profit.
Consumer surplus is the difference between the price a consumer is willing to pay and the actual price paid. This represents the benefit to the consumer, while the seller surplus represents the benefit to the seller.
In practice, the seller aims to sell for a price greater than his valuation of the good which could be the cost of production or original purchase price. In open markets, to attract consumers, sellers may modify their asking prices, offer discounts, or provide additional services. The seller surplus and the buyer surplus together measure the total economic gain from a transaction.
A regulation that puts a price cap on apartment rents leads to _______. a monopoly leads to _______.
Regulations setting a price cap below equilibrium rent create apartment shortages, whereas monopolies often lead to high prices and restricted output.
When a regulation puts a price cap on apartment rents below the equilibrium rent, it results in a shortage of apartments in the market. This shortage is represented by the difference between the quantity demanded (A2) and the quantity supplied (A1).
On the other hand, in the context of a monopoly, high prices are typically associated with restricted output. If given a choice in such a scenario, monopoly concerns suggest opting for low prices and low income.
The _____ phase of the baldrige roadmap to performance excellence is characterized by action on the feedback, usually by incorporating it into the strategic planning process.
News channels (CNN, FOX, MSNBC, LOCAL NEWS) are best used for:
Which action of the broker is most likely to result in the creation of an agency relationship with the buyer?
An agency relationship can be recognized either by means of an arrangement between the parties, an agent and a principal (client), or by means of the actions of the two individuals. The best answer would be the seller or real estate agent is negotiating on the buyer’s behalf.
Who were ibm's major competitors in the personal computer industry during the 1990s?
IBM's major competitors in the personal computer industry during the 1990s included Compaq, Dell, Apple, AST, AT&T, NEC, and Daewoo.
To add, IBM is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries.
Answer:
During the 1990s, IBM's major domestic competitors in the personal computer industry were Hewlett-Packard, Compaq, Dell and Apple.
Explanation:
IBM, Hewlett-Packard, Compaq and Dell all used OS developed by Microsoft (early versions of Windows) while Apple developed its own OS. Apple's computers were the most user friendly PCs, but also the most expensive. That led to a decrease in Apple's share of the PC market since there competitors were not only cheaper, they were getting even cheaper as time passed.
IBM was considered the prime PC maker in the world, and the rest of the PC makers marketed their products as IBM clones during the 1990s.
A cooling tower a. is controlled by a thermostat. b. cools water as it flows through pipes. c. cools water through insulation. d. causes thermal pollution.
A cooling tower is used to remove excess heat from water in power plants through evaporative cooling, helping to condense steam back into water and prevent thermal pollution of natural water bodies.
Explanation:A cooling tower is a structure that is used to remove heat from water in power plants, industrial facilities, and HVAC systems. Specifically, in power plants such as nuclear and coal-fired stations, the cooling tower facilitates the condensation of steam from the turbine back into water, which can then be reused in the steam cycle. Through the process of evaporative cooling, hot water from the system is cooled as it comes into contact with air in the tower, and water vapor is released into the environment. This is a crucial part of the plant's operation as it helps to manage the temperature of the water and prevent thermal pollution, which is the release of heated water back into natural bodies of water, potentially harming the ecosystem by reducing dissolved oxygen levels and raising the water temperature.
Based on what you have learned, why does the ITA believe that fair trade is important to US businesses and to the world?
ITA believes that fair trade is important to US businesses and to the world as it would contribute to making nations competitive in their trading efficiency.
Aim of International trade administration (ITA)ITA wanted to fair-trade policies to prevail among different nations of the world in order to allow them to participate in trade freely. It has the intention to eliminate trade barriers so that both producers and consumers may save money.
Hence, countries would gain through improvements in economies and reduce global problems.
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What is when someone invests in a variety of places to reduce the overall risk of investing?
A Asset Classes
B Asset Speculation
C Asset Allocation
D Asset Bonds
c Asset allocation.
The answer is "C, Asset Allocation".
Asset allocation is the way toward choosing how to partition your venture dollars over a few resource classifications. Stocks, securities, and money or money choices are the most well-known parts of a asset allocation strategy. However, others might be accessible and suitable also. The general objective is to limit unpredictability while boosting return (however resource designation alone can't guarantee a benefit or kill the danger of a misfortune).
Jamal (now age 54) lost his job. he has very specialized skills that are no longer in demand. jamal's unemployment is best classified as:
According to the situation, Jamal (now age 54) lost his job. he has very specialized skills that are no longer in demand. Jamal's unemployment is classified as Structural unemployment.
What is Structural unemployment?When the abilities that people in the economy can supply do not match the skills that companies are looking for in employees, structural unemployment results (also called as the skills gap).
One of the three types of unemployment identified by economist:
Frictional unemployment. Cyclical unemployment. Structural unemployment.Technological advancements that render many workers' job abilities obsolete frequently cause structural unemployment.
Therefore, Jamal's unemployment is classified as Structural unemployment.
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What is the term for the codes and formats used for the exchange of medical data?
What can cause a production possibilities curve to move down and to the left?
How does fractional banking allow there to be an increase in the money supply?
Who persuaded congress to establish the reconstruction finance corporation, the home loan bank board, and the federal farm marketing board?
Herbert Hoover, the U.S President during the Great Depression, persuaded the Congress to establish the Reconstruction Finance Corporation, the Home Loan Bank Board, and the Federal Farm Marketing Board.
Explanation:The person who persuaded Congress to establish institutions like the Reconstruction Finance Corporation, the Home Loan Bank Board, and the Federal Farm Marketing Board was Herbert Hoover. As conditions worsened during the Great Depression, Hoover, who was the sitting U.S. president at the time, relaxed his opposition to federal relief and initiated several programs. Although these programs did not directly benefit individuals in the greatest need, they aimed to boost the American economy by ensuring financial institutions were on solid footing.
Furthermore, Hoover's assistance also led to the endorsement of a bill by Senator Robert Wagner of New York in 1932 known as the Emergency Relief and Construction Act. This act expanded the RFC's remit beyond financial institutions.
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If you want to know the origin of the word "insomnia," you should consult a A. dictionary. B. style guide. C. thesaurus. D. directory.
Final answer:
To find the origin of the word "insomnia," consult a dictionary, which provides the history and roots of words.
Explanation:
To discover the origin of the word "insomnia," one should consult a dictionary. Dictionaries provide definitions, pronunciations, etymology, and sometimes even example sentences for words. The etymology specifically details the history and origin of a word, including its roots and how it came to be used in the current language.
For example, the word insomnia originates from the Latin word insomnis, which means "sleepless." A dictionary might explain this Latin root and potentially track the evolution of the word through history to its current usage. For a more comprehensive understanding of the word's medical implications and use, the National Institutes of Health has resources such as an article from 2011, which provides detailed information on the condition of insomnia.
Research shows that men prefer to date women who are in ____ careers.?
Blue Ice Inc. is an American corporation. The company started out as a _____ between Nick Selver and Rita Andrew in 1985. In 2001, the _____ decided to______ their company so they could sell company stock on the ____ . Blue Ice raised $10 billion with its IPO. It was one of the biggest IPOs of 2001.
I believe the blank the other guy didn't know is "incorporate" but im not 100% sure
The primary strength of pepsi is the manufacture, distribution, and promotion of carbonated beverages. these describe which factor of a pepsi consumers' immediate environment?
The primary strength of Pepsi is the manufacture, distribution, and promotion of carbonated beverages.
These describe the factor of company capabilities of a Pepsi consumer's immediate environment.
The immediate environment includes company's capabilities, competitors, and corporate partners. It depends on the capability of a company that how to run and make a company successful.
An amount of $40,000 is deposited in a bank that pays interest at the rate of at 9%/year compounded annually. what is the total amount on deposit at the end of 10 years, assuming there are no deposits or withdrawals during those 10 years?
After completing your turn, and before changing lanes, you should:
After turning, check mirrors and blind spots, signal, and then safely change lanes. Do not impede emergency vehicles; pull over and stop for an ambulance.
Explanation:After completing your turn, and before changing lanes, you should check your mirrors, look over your shoulder for a blind spot check, turn on your signal to indicate your intention to change lanes, and then change lanes when it is safe to do so. It is important to ensure that your actions do not interfere with any emergency vehicles, such as ambulances, approaching from any direction. When an emergency vehicle with flashing lights, such as an ambulance, is approaching, you should pull over to the side of the road and stop to allow it to pass.
The primary reason for an organization to adopt planning and strategic management is to ________
The primary reason for an organization to adopt planning and strategic management is to be able to develop a sustainable competitive advantage. It is because when an organization starts to plan and make use of strategies, they are able to make advances that would gain them and would have their organization to progress more than of their competitors.
Organizations adopt planning and strategic management primarily to adapt to changes and achieve objectives efficiently, providing a clear roadmap that guides towards its vision.
Explanation:The primary reason for an organization to adopt planning and strategic management is to enhance its capacity to adapt to changes and achieve set objectives efficiently. These are tools that managers use to guide the organization towards its vision through a systematic and coherent set of actions. For instance, planning involves deciding on the best course of action, setting goals, and determining resources required for these goals. Strategic management, on the other hand, involves setting out a clear vision and mission, assessing both its internal and competitive environment, analyzing its options, making strategic choices, and implementing the strategy.
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In order to make sure it is possible to clean the floors under shelving units in food establishments, the shelves must be at least _____ above the floor.
If baldwin issued 1000 shares of common stock at last year's end price, the effect on the balance sheet would be
The solution would be like this for this specific problem:
Given: 1000 Shares
$60.52 Share Price So: = 1,000 * $60.52 = $60,520.00 If Baldwin issued 1000 shares of common stock at last year's end price, the effect on the balance sheet would be: equity would increase by $60,521.The Equity would increase in the balance sheet when Baldwin issued 1000 shares of common stock at last year's end price.
The effect of purchasing common stockThe financial statement would be credited when a company purchases common stock as it increases the capital of the business.
Hence, the equity shareholder account at the right side of the balance sheet would increase the asset of the company.
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Jamey did a lot of research on his paper topic but can't figure out where to start writing. He has a loose plan in mind, but it's very unclear. What should Jamey do?
A. He should write an outline first to plan his paper.
B. He doesn't need a plan; he should just sit down and start writing.
C. His thesis is weak; he should revise his thesis first.
D. He should write down all of his research and organize it before writing.
Jamey should start by writing an outline to organize his thoughts and research for his paper. An outline helps outline the main ideas and supporting evidence in a logical sequence, which can evolve during the writing process. This approach will guide him through drafting, where he can put words on paper and revise as needed.
Explanation:Jamey should definitely start by writing an outline to better organize his thoughts and research. This approach lets him structure his paper before diving into the writing process, ensuring that his ideas flow logically. He can sketch out the main ideas, supporting evidence, and arrange them in a sequence that makes sense. As he writes, Jamey might find that his plan evolves, and that's okay—it's part of the process. Writing an outline is beneficial as it helps see how different concepts relate and can be effectively structured in the paper.
An outline can also act as a guide during the drafting phase. This is the stage where Jamey should start putting words on the paper, following the outline but also noting down any new ideas that emerge. The drafting process isn't about perfection; it's about beginning to shape the paper, and it is expected that the first draft will go through revisions.
To further aid the organization of his paper, Jamey can use a graphic organizer and ensure that he has a working thesis at the center of his paper. As ideas solidify and the analysis progresses, revisiting and possibly revising the thesis may be necessary. By breaking down the task into these manageable steps, Jamey will be well on his way to writing a coherent and well-argued paper.
Why are governmental services more expensive in cities compared to other areas?
A. Federal government doesn't t help cities.
B. Cities have more expensive tax rules than other areas.
C. Cities have a higher concentration of poor people.
D. State government doesn't help cities.
The correct answer is option (B). The governmental services more expensive in cities compared to other areas because cities have more expensive tax rules than other areas.
Governmental services in cities tend to be more expensive due to a variety of factors, one of which is the more complex and often more expensive tax rules and regulations that cities must adhere to. These can include higher property taxes, sales taxes, and other local taxes that are designed to fund the extensive infrastructure and services required to support a dense urban population.
Additionally, the cost of living is generally higher in cities, which can lead to higher wages for public sector employees, increased costs for leasing or purchasing land and buildings for government use, and higher prices for goods and services that the government must procure.
Option A is incorrect because the federal government often does provide assistance to cities, especially for large-scale projects and in the form of grants for various programs.
Option C is incorrect because, while cities do have a significant population of lower-income residents, this does not directly translate to governmental services being more expensive. In fact, the presence of a large number of lower-income residents can lead to increased demand for social services, which may be funded through taxes that are more complex and potentially more costly.
Option D is incorrect because state governments do provide assistance to cities. The relationship between state and local governments is often collaborative, with states providing funding, resources, and regulatory support to their cities.
A contractor was feeling defeated because the job he was working on was so far behind schedule. as he looked at the job site, he saw one worker moving bricks by carrying two at a time from where they were unloaded to where they were needed. he saw another climbing up a ladder with a few shingles, climbing back down to get more, and then repeating the process. which management process could be used to determine how the workers could perform their tasks more efficiently?
The management process that could be used to determine how the workers could perform their tasks more efficiently is called time and motion study. This process involves carefully observing and analyzing the tasks being performed to identify potential bottlenecks, unnecessary movements, and areas for improvement.
Explanation:The management process that could be used to determine how the workers could perform their tasks more efficiently is called time and motion study. This process involves carefully observing and analyzing the tasks being performed to identify potential bottlenecks, unnecessary movements, and areas for improvement. By using time and motion study, the contractor can find ways to eliminate wasted time and effort, streamline workflows, and enhance productivity.
For example, in the case of the worker moving bricks, the time and motion study might reveal that using a wheelbarrow instead of carrying bricks individually could significantly reduce the time and effort required. Similarly, for the worker climbing the ladder, the study might suggest the use of a harness or a different method to transport the shingles more efficiently.
By implementing the recommendations from the time and motion study, the contractor can optimize the workers' tasks and ultimately improve the overall schedule and productivity of the job.
If you purchase or obtain a vehicle from someone else, you are responsible for transferring ownership of the vehicle to your name with the dmv within how many days of the purchase?
If Kevin makes $7.75 an hour and works 45 hours, what is his gross pay? A. $338.75 B. $318.75 C. $348.75 D. $315.75
The term inferior goods refers to what kind of goods?b
Answer:
Goods that consumers demand more of when their income increase!!!!!!!
Explanation:
If consumers expect a shortage of consumer goods in the future, what will happen to output and price level?
Expectation of future shortages leads to increased aggregate demand, potentially causing a temporary rise in output. However, it would likely result in higher price levels due to reduced supply, eventually leading to inflation.
If consumers anticipate a shortage of consumer goods in the future, this will likely lead to an increase in aggregate demand as consumers attempt to purchase goods before the shortage occurs.
This rise in demand can cause a temporary increase in output as firms try to meet the higher demand, but over time, if the anticipated shortage materializes, production might decline due to limited availability of raw materials or production capacity. As a result, the overall effect would be higher price levels due to increased demand and reduced supply, potentially resulting in inflation if the trend continues.
All licensees should give earnest money checks to their sponsoring broker immediately who must deposit said earnest money by
Final answer:
Earnest money in real estate transactions and the role of a sponsoring broker in handling the money.
Explanation:
In real estate, earnest money refers to a deposit made by a buyer to demonstrate their intention to purchase a property. The money is typically given to the seller's real estate agent or escrow company. The purpose of earnest money is to show the seller that the buyer is serious about the transaction and provides some financial security in case the buyer fails to fulfill their obligations as stated in the purchase agreement.
In this question, it is stated that all licensees should give their earnest money checks to their sponsoring broker immediately. The sponsoring broker is the individual or company that holds the real estate license for the licensee. The purpose of immediately giving the earnest money to the broker is to ensure that it is promptly and properly deposited into an escrow account or other appropriate account. This helps protect the buyer's interests and ensures that the money is handled in accordance with applicable laws and regulations.
To summarize, the subject of this question is real estate law, and more specifically, the handling of earnest money in a real estate transaction.