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1 year ago

As liv golf expands to 14 events in 2023, how much money will be available to competitors in the upcoming season?.

1 answer:

4 0

There will be $405 million available to contestants in the following season as LIV golf grows to 14 events in 2023.

The LIV Golf League, created as an alternative to the current PGA Tour, attempts to apply the principles of arena-style sporting events to the world of golf. The LIV system, which has a fundamentally different business model than the conventional structure, enables greater financial advantage for those engaged beyond just winning tournaments.

Unlike the PGA Tour, LIV golf allows appearance fees, so players vying for the $20–25 million purse are also able to get additional compensation.

Learn more about LIV golf with the help of the given link:

brainly.com/question/29360586

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What is the amount of physical goods and services that can be bought with a given amount of money?

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please Elaborate like how much money do you have or something

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3 years ago

You're considering an investment that you expect will produce an 8% return next year, and you expect that your real rate of retu

sveta [45]

Answer:

Explanation:

Using Fisher equation <u><em>(Which is estimating the financial mathematics and economics relationship among real interest rates nominal interest rates under inflation.) </em></u>which goes like this

$1+i=(1+r)(1+\pi _{e} )$

where

$i = nominal interest rate\\e = real interest rate\\\pi _{e} = expected inflation rate$

Inflation = (1+0.08) / (1+0.06) - 1 = 1.88% (Could be approximated as 2%)

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3 years ago

Suppose a total of 2,500 students are allowed in the engineering programs at all of the colleges in a particular city. From the

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Answer:

D. Optimization, Equilibrium and Empiricism.

Explanation:

Economics is based on three key concepts which are Optimization, Equilibrium and Empiricism. Optimize is the first principle which means people will select best available option. Second important principle is that economy is always in a state of equilibrium which means if one gains the other also gets best available value. Third concept is that economists use data to make policies. The situation given in the scenario follows all the key concepts of economy.

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3 years ago

A company sells two products with information as follows:

sattari [20]

Answer:

True.

Explanation:

The Contribution margin i.e Sale price less Variable Cost per unit for product A is (15-4) is $11 & for product B is ( 21-13) is $8. for making 4 units of product A we need three machine hours, so if we divide units by machine hours only 0.9 unit of A can be made in an hour while we can made 5 units in 0.7 hours pf product B, so if we divide 5 by 0.7, approximately 7 unit of B can me made in an hour.

Thus, in the production of 1 hour we can make $10 from product A while we can make $ 57 from product B.

Product A Product B

S.P $15.00 $21.00

V.C $4.00 $13.00

Contribution Margin Per unit $11.00 $8.00

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CM Per hour $10.27 $57.14

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3 years ago

According to the definition of profit, if a profit-maximizing firm will always attempt to produce its desired level of output at

Leona [35]

Complete Question:

According to the definition of profit, if a profit-maximizing firm will always attempt to produce its desired level of output at the lowest possible cost, then it will

Group of answer choices;

A. do so regardless of what type of competition exists in a market.

B. take a long-run perspective on costs, when such costs cannot be adjusted.

C. take a short-run perspective on labor costs which cannot be immediately changed.

D. breakdown its cost structure according to short-run adjustments.

Answer:

A. do so regardless of what type of competition exists in a market.

Explanation:

According to the definition of profit, if a profit-maximizing firm will always attempt to produce its desired level of output at the lowest possible cost, then it will do so regardless of what type of competition exists in a market.

Profit maximization is considered by economists as either a short run or long run process that ultimately influences a firm's price, investment or input costs and level of production that would result in the highest profit.

Hence, a firm makes profit when the total cost used for the production of a product is subtracted from the total revenue generated from the sales of that product.

Mathematically, $Profit = Total Revenue - Total cost.$

Regardless of what competition exists in the market, a firm is only very much concerned with knowing the quantity of goods that it should produce in order to make profits. Having the answer to the above question would help a profit-maximizing firm to produce its desired level of output at the lowest possible cost.

<em>Hence, as the firm sells more of its products, the total revenue is also increasing and thus making more profits with respect to the price level in the market. </em>

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3 years ago