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Lostsunrise [7]
3 years ago
14

Kanye, Eddie, Jaco, and Danny are trying to form a band. They each have some basic skills on most instruments, so their current

plan is for each of them to rotate among vocals, guitar, bass, and drums. After a year of practice and rehearsals, the band still sounds awful. Kanye can't keep a steady beat when on bass or drums, Jaco sounds terrible at everything except the bass, nobody except Eddie can remember all the chords on guitar, and even Danny's own mother thinks his singing sounds like a dying cow. At their current rate, they expect it will be several years before they are good enough to land their first paid performance. None of them have enough money saved up to last that long. They all know you are taking economics and ask your advice. What would you say to them? a) Change the rotation to be random rather than equal, to take advantage of heteroskedasticity. b) Continue with the current plan, as economies of scale should eventually kick in. c) Have each member specialize in the role that they are best in, to take advantage of benefits from specialization. d) Invest their remaining savings in new instruments, as they are at a point where the marginal product of capital exceeds the marginal product of labor. e) Abandon the band, as continued practice is doomed to suffer diminishing marginal returns.
Business
1 answer:
Maurinko [17]3 years ago
8 0

Answer:

I don't understand...

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Suppose Congress passes legislation that offers subsidies to orange farmers. The impact on the market for orange juice will be a
Dmitrij [34]

Answer:

<u>the supply curve</u>

Explanation:

Remember the supply curve shows the relationship between the amount of a commodity that a producer (or orange farmer) is <em>willing </em>to offer and at a particular price at any given time.

Because of the subsidies to orange farmers we expect the price of orange to become lesser in the future. Therefore the rightward shift occurs in supply curve for oranges due to favorable changes such as the new legislation which may lead to:

  1. Reduction in tax,
  2. Reduction in cost of factor of production,
  3. Expectation of fall in price in future,

3 0
3 years ago
When talking about saving money, Anthony ONeal says, "Start paying yourself and
konstantin123 [22]

Answer:

“and get rich” I believe that’s the answer

Explanation:

6 0
2 years ago
Read 2 more answers
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet for the N
Virty [35]

Answer:

1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,400 helmets?

3,400 helmets x 064 kgs per helmet = 2,176 kgs

2. What is the standard materials cost allowed (SQ × SP) to make 3,400 helmets?

2,176 kgs x $7 per kg = $15,232

3. What is the materials spending variance?

$15,484 - $15,232 = $252 unfavorable (because total expenditures on materials were higher than budgeted)

4. What is the materials price variance and the materials quantity variance?

materials price variance = [($15,484/2,346) - $7] x 2,346 = -$938 favorable (the purchase price per kg was lower than budgeted)

materials quantity variance = (2,346 - 2,176) x $7 = $1,190 unfavorable

4 0
3 years ago
The probability of survival for an international business increases if it: Group of answer choices A. enters a national market a
Vika [28.1K]

Answer:

A. Enters a national market after several other foreign firms have already done so.

7 0
3 years ago
Suppose the interest rate on a 1-year T-bond is 5.00% and that on a 2-year T-bond is 7.00%. Assume that the pure expectations th
Tasya [4]

Answer: 9.04%

Explanation:

1 year rate today = 5% = 0.05

2 years rate today = 7% = 0.07

Maturity of longer bond = 2

The ending return if the 2 years bond are bought will be thesame as the needed return on series of a year bond which will be 1.1449

The market's forecast for 1-year rates 1 year from now will be calculated as:

= 1.05(1+X) = 1.1449

1.05 + 1.05X = 1.1449

1.05X = 1.1449 - 1.05

1.05X = 0.0949

X = 0.0949/1.05

X = 0.090381

X = 9.04%

5 0
3 years ago
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