Final answer:
The market equilibrium is not efficient when external costs are present, as they cause social costs to be greater than private costs, leading to market failure and overproduction of the good. A corrective tax can help bring production to a socially-optimum level by aligning private and social costs.
Explanation:
The market equilibrium is not efficient when the consumption of a good creates external costs. This occurs because such costs lead to a situation where social costs are greater than the private costs. Externalities create a divergence between private costs/benefits and social costs/benefits, leading to market failure. For example, if a steel producer pollutes the air, the buyer of the steel does not pay the full social cost, which includes environmental damage not accounted for in the steel's price. Consequently, the market ends up overproducing the good, resulting in a negative externality.
A corrective measure, such as a tax, can help align private costs with social costs by making it more expensive to produce goods or services that generate negative externalities, thereby incentivizing firms to reduce their production to a socially-optimum level. The optimal situation is a market where social benefit is equal to social cost, where marginal social benefit equals marginal social cost without any externalities influencing the outcome.
sam uses public transport to commute to work. however, he has always wanted to own a car and believes commuting by car will save time. this scenario exemplifies sam's _____.
What is the starting point for total quality management
Answer:
The correct answer is: customer focus.
Explanation:
Customer focus is the milestone of quality management. It is the degree in which a firm satisfies the customers' needs and expectations on a regular basis. Customer focus measures the success of a company on giving its target clientele the product or service they request according to what the customers demand from it.
While placing his order, a customer tells the waiter to avoid bell peppers of any kind or color in the food since he is allergic to the vegetable. in spite of informing the server of his choice, a slice of bell pepper sits right on top of the dish he ordered. in addition to a service breakdown, this could lead to:?
An allergic reaction should not be treated lightly because this can actually result in death of the victim. So in this casem this could actually lead to serious illness or death of the customer. Which adds a very huge liability for the restaurant or organization.
Benjamin co. has three products a, b, and c, and its fixed costs are $67,200. the sales mix for its products are 3 units of a, 4 units of b, and 1 unit of
c. information about the three products follows: a b c projected sales in dollars $192,000 $192,000 $64,000 selling price per unit $55.00 $30.50 $32.00 contribution margin ratio 30% 25% 50% (a) calculate the company's break-even point in composite units and sales dollars. (b) calculate the number of units of each individual product to be sold at the break-even point.
Charles and nancy have decided to sell their family business and would like to transfer ownership to the next generation. which harvesting form would be best?
In a situation where Charles and Nancy have decided to sell their family business and would like to transfer ownership to the next generation, then out of the choices provided above, harvesting by selling to a strategic buyer would ideally be the best option for them. Therefore, the option D holds true.
What is the significance of harvesting?Harvesting can be referred to or considered as a method of making investments in and out of a business. Harvesting is done with an intention to derive possibly higher returns or take the advantage of any benefits that are there.
When Charles and Nancy decide to sell off their business to a strategic buyer, he or she will make sure that the business runs smoothly while eyeing for business growth to exponential levels.
Therefore, the option D holds true and states regarding the significance of harvesting.
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The missing options are added below for better reference.
A)cash flow distribution
B)initial public offering
C)private placement
D)selling to a strategic buyer
We have an intuitive appreciation for those who are able to earn a profit. We can see that resources flow to those who successfully coordinate inputs and serve customers. For this written assignment you are to examine the other side—the side of losses. The market system is a system of both profit and loss. Why is loss essential to the market process? What function does loss have? What role does it play? What is the downside if we used government to shield companies from incurring losses? Explain.
Preferred stock of leaping dolphin inc. pays 8% on the $100 par value. what is the value of the stock if the appropriate discount rate is 6%?
Calculate the value of the stock:
The dividend on preferred stock is received constantly for perpetuity. So, the value of preferred stock can be calculated by dividing the dividend with the required rate of return. If the dividend rate is 8% on par value of $ 100 and required rate is 6% the value of preferred stock will be P = (100x0.08)/0.06 = 8/0/06 = 133.3333333
The two general approaches to negotiation are ________ bargaining and ________ bargaining.
The two general approaches to negotiation are integrative bargaining and distributive bargaining.
What is bargaining?A type of negotiation known as bargaining or haggling in the social sciences occurs when a buyer and a seller of a good or service argue over the cost or particulars of a transaction. The deal is finalized if the negotiations result in an agreement on the terms.
A method of negotiation in which the parties work together to resolve their conflict in a way that benefits both of them. This tactic focuses on creating agreements that are advantageous to both parties and are based on their respective interests.
Every employee has a voice and a chance to address the issues that matter most to them during negotiations. But it's not just the workers' opinions that are heard; employers have an opportunity to express their concerns and come to a mutually beneficial conclusion.
Therefore, Negotiations are integrative bargaining and distributive bargaining.
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On january 1, 2016, mr. bravo formed a new corporate (bravo unlimited) by investing $12,000 cash in capital stock. prepare the general journal entry (without explanation) needed. if no entry is required then write "no entry required."
Emma promises to pay greta $400 because "she does not have as much money as other people." emma's promise is not enforceable because: greta has not given consideration in return. emma could have paid more. society does not want gifts cheapened by making them legally enforceable. the redistribution of wealth on a one-to-one basis is not a valid social goal.
Optimize network of suppliers, plants, and distribution centers is an outcome of the _______________ scm function.
Optimizing the network of suppliers, plants, and distribution centers is an outcome of the logistics planning and management function in Supply Chain Management. The objective is to offer high quality goods and services at the least possible cost.
Explanation:The outcome of optimizing the network of suppliers, plants, and distribution centers is part of the Supply Chain Management (SCM) function. Specifically, it is a result of the logistics planning and management function within SCM.
The objective of the logistics function is to coordinate all efforts to move goods and services from producers to consumers in the most efficient manner possible, offering high quality products and services at the lowest possible cost. It includes network design, material handling, transportation, warehouse management, and inventory management.
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Jill has an escalator clause in her labor contract that gives her a raise equal to the change in the consumer price index (cpi). last year she earned $40,000 and the cpi was 100. if the cpi this year is 110, her new salary is:
Carlos is a salesperson for an industrial equipment company. carlos calls on manufacturers and spends most of his time talking with system operators who work on the factory floor. while carlos is able to get the operators interested in his products, he is often unable to make a sale. carlos needs to:
What Carlos should do in order to make a sale with his products is to be able to determine the purchase decisions and their influencers for him to be able to make a sale with the products that he sells to his consumers.
The minimum price that most consumers would pay for a given product is known as the ________ price.
Windows ____ is microsoft's fastest, most efficient operating system to date, offering quicker application start up, built-in diagnostics, automatic recovery, improved security, and enhanced searching and organizing capabilities.
Windows 10 offers cut-off date support, the most powerful ye t intuitive security system to date, and most of all a balanced interface which is equally friendly to desktop and laptops as well as tablets and touch devices.
Bob says he has achieved his "dream job." as an engineer for a major defense systems company, he is responsible for using sophisticated airplane and weaponry equipment that creates the exact conditions that a professional may experience if he/she uses the equipment in a real-life situation. he spends several hours each day performing __________.
Volumetric thirst is associated with _____ while osmometric thirst is associated with _____.
Final answer:
Volumetric thirst is triggered by a decrease in blood volume, prompting mechanisms to increase blood pressure and water intake, while osmometric thirst results from an increase in blood osmolality, leading to thirst sensation and water conservation efforts through hormonal responses.
Explanation:
The question pertains to the mechanisms of thirst, specifically volumetric thirst and osmometric thirst. Volumetric thirst is associated with a decrease in blood volume, which can result from water loss through respiration, evaporation, or urination. In response, the body may increase blood pressure via vasoconstriction and promote water consumption. On the other hand, osmometric thirst is associated with an increase in blood osmolality, mainly due to a high concentration of solutes in the blood. This condition triggers osmoreceptors in the hypothalamus, leading to the sensation of thirst and the release of antidiuretic hormone (ADH) to conserve water. Both mechanisms are crucial for maintaining homeostasis, ensuring that both volume and osmolarity of the body fluids are preserved within their optimal ranges. The thirst response is a complex interplay of hormonal and neuronal responses that maintain fluid balance, particularly important in dehydration scenarios or fluid loss.
Jimmy invests 4000 in an account that pays 5 annual interest compounded semiannually what is his balance, to the nearest cent, at the end of 10 years
To calculate the balance at the end of 10 years with compound interest, we use the formula A = P(1 + r/n)^(nt). P is the principal amount, r is the interest rate, n is the number of times the interest is compounded per year, and t is the number of years. In this case, the principal amount is $4000, the interest rate is 5%, and the interest is compounded semiannually (twice a year). Plugging the values into the formula gives the balance to the nearest cent.
Explanation:To calculate the balance at the end of 10 years, we need to use the compound interest formula. The formula is A = P(1 + r/n)^(nt), where A is the future balance, P is the principal amount, r is the interest rate, n is the number of times the interest is compounded per year, and t is the number of years. In this case, the principal amount is $4000, the interest rate is 5%, and the interest is compounded semiannually (twice a year).
Plugging the values into the formula, we get A = $4000(1 + 0.05/2)^(2*10).
Calculating this expression gives us A = $4000(1.025)^20. Evaluating this expression gives the balance to the nearest cent.
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An audit client failed to maintain copies of its procedures manuals and organizational flowcharts. what should the auditor do in an audit of financial statements?
a. document the auditor's understanding of internal controls.
b. restrict the auditor's responsibility to assess the effectiveness of controls in the audit engagement letter.
c. assess control risk at the maximum level.
d. issue a qualified opinion on the basis of a scope limitation.
In a firm with a(n) _____ staffing policy, considerable resentment is caused among foreign nationals who are members of the international cadre and work with u.s. nationals, if pay is not equalized.
Laelle chocolates inc. is a confectionery company that manufactures candies. it does not use specific strategies to target children while marketing its products. instead, it uses the same strategies to promote its candies among all consumers in the market. this is an example of a(n) _____. question 15 options: multisegment targeting strategy individual targeting strategy undifferentiated targeting strategy concentrated targeting strategy
Whatever the quality improvement approach, what key concept(s) is/are common between each approach?
The common key concepts that are common to the quality improvement approach are the following;
- Usage of QI tools, this is used for mapping, analyzing and collecting data.
- Outcomes and measuring are also used.
- Lastly, application of statistical process control
Warren brought his television in for repairs. after warren left the store, gunmen came in to rob the proprietor. as they ran out, warren's television was knocked over and destroyed. warren demanded that the proprietor of the store compensate him for the fair market value of the television. the bailee:
In the given case, Warren demanded that the proprietor of the store compensate him for the fair market value of the television. The bailee is not liable, since the damage was caused by the act of a third party.
What is he bailee?A bailee is someone who receives property from the owner (known as a bailor) and holds it for the owner for a specific purpose, such as custody or repair.
The bailee, also known as a custodian, is entrusted with possession of the good or property by another person known as the bailor. This legal relationship, known as a bailment, is based on a contractual agreement between the bailor and the bailee.
Therefore, In the given case, Warren demanded that the store's owner compensate him for the television's fair market value. Because the damage was caused by the act of a third party, the bailee is not liable.
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What are the types of entities you might find in the electra bike manufacturing/production database management system?
The types of entities you might find in the electra bike manufacturing or production data base management system are the following;
- Inventory
- Materials
- Distribution
- Supplier
These are the entities that you can usually find in database management system
Suppose you were to collect data for each pair of variables. you want to make a scatterplot. which variable would you use as the explanatory variable and which as the response variable
Final answer:
In creating scatterplots, the independent or explanatory variable is plotted on the x-axis, while the dependent or response variable is plotted on the y-axis. The independent variable influences the dependent variable, which is reflected in how data is visualized on the scatterplot.
Explanation:
When creating a scatterplot, you'll want to distinguish between the two types of variables: the explanatory variable and the response variable. The explanatory variable, also known as the independent variable, is the one you suspect might be causing changes or influencing the other variable. It is usually plotted on the horizontal axis (x-axis) in a scatterplot.
Whereas, the response variable, or dependent variable, changes in response to the explanatory variable and is plotted on the vertical axis (y-axis). A classic example involves time as an independent variable and distance as a dependent variable. In an experiment to measure the distance traveled by a car over time, time would be plotted on the x-axis because it is the independent variable that you control, and distance would be plotted on the y-axis as it is the outcome you are observing.
Excise taxes are collected by which levels of government? i. Local government ii. State government iii. Federal government
d. ii State government and iii Federal government only
Ellie has been working for an engineering firm and earning an annual salary of $80,000. she decides to open her own engineering business. her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500. refer to scenario 13-9. ellie's annual economic costs will equal
Ellie's annual economic costs amount to $135,700, which includes both explicit costs of $55,200 and implicit costs of $80,500. Therefore, the correct answer to the question is option d) $135,700.
To calculate Ellie's annual economic costs, we need to consider both explicit and implicit costs.
Explicit costs include:
Office rent: $15,000Equipment rental: $3,000Supplies: $1,000Utilities: $1,200Secretary/bookkeeper salary: $35,000So, total explicit costs = $55,200.
Implicit costs include:
Foregone salary from her previous job: $80,000Foregone interest from the certificate of deposit: $500So, total implicit costs = $80,500.
Ellie's annual economic costs = Total explicit costs + Total implicit costs = $55,200 + $80,500 = $135,700.
Therefore, the correct answer is d) $135,700.
The complete question is:
scenario 13-9.
Ellie has been working for an engineering firm and earning an annual salary of $80,000. she decides to open her own engineering business. her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500.
refer to scenario 13-9.
ellie's annual economic costs will equal
a) $55,200
b) $75,200
c) $80,500
d) $135,700
When ladies' home journal ceased publication in 2014, it still had plenty of advertisers interested in buying space in the magazine?
As a member of a typical of traditional work group, joshua should expect to be responsible for:
Which of michael porter's four competitive strategies is autozone trying to follow? discuss?