True. Most people report higher levels of personal satisfaction by giving of their time rather than giving money to a charity
.
Explanation:
Most people do report higher levels of personal satisfaction when they invest their own time and do public service instead of just donating their money for charity and never seeing what good or bad it did for the people it was supposed to go to.
This is because when people volunteer they are actually able to see the impact of their work and meet the people they want to help, not just send money for donations.
This makes them feel more fulfilled as now they can see they have made a difference.
Answer:
11.00
Explanation:
36,000 net income
200,000 common stock / $4 per share= 50,000 shares
36,000 / 50,000 = 0.72 earnings per share
7.92 / 0.72 = 11
Answer:
(a) 0.667 (b) The Lerner index helps in estimating of the market power of a firm. it measures the percentage markup that a firm is able to charge.
The conditions where this market power last in the long-run are; the pricing power, Factor mobility, Barrier to entry or exist.
Explanation:
Solution
Given that:
(A) The Lerner index is computed below:
Lerner index = (P-MC)/P
Thus,
($15-$5.00)/$15
=10/15
= 0.667
(B) The Lerner index assist in measuring of the market power of a firm. it measures the percentage markup that a firm is able to charge.
Index spans from a low value (0) to a higher value of (1)
When a firm has a higher value of index, it is able to charge over it;s marginal cost and thus has a greater monopoly power
Other conditions where market power last in the long run is as follows:
- The pricing power
- Factor mobility
- Barrier to entry or exist
Answer:
Government intervention in the economy.
Explanation:
The government in some cases take actions that affect the economy to have an impact and address inefficiencies. In this case, the intervention takes the form of a regulation that establishes a lobster fishing season in the state of Florida. Because of that, the answer is that this is an example of government intervention in the economy.
