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3 years ago

Identify the component of an information system that consists of raw facts and is a major component of information systems.

1 answer:

6 0

The answer to this question is: Information
An information system is a set of command that i used to analyze available information in order to create a better decision for the company.
Which means that information will not be able to do any function of it does not possess the initial information, to begin with, so we can conclude that information is a major component of the information systems

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We calculated the gains and losses from price controls on natural gas and found that there was a deadweight loss of $5.68 billio

Simora [160]

Answer:

Explanation:

1. If the price of oil were $70.00 per barrel, what would be the free-market price of gas?

The free-market price is defined by the equilibrium point: when the quantity demanded and the quantity supplied are equal.

QS = 15.90 + 0.72PG + 0.05PO

QD = 0.02 – 1.8PG + 0.69PO

15.90 + 0.72PG + 0.05(70.00) = 0.02 – 1.8PG + 0.69(70.00)

19.4 + 0.72 PG= 48.32-1.8PG

PG(0.72+1.8)=48.32-19.4

PG= 28.92/2.52

PG= $11.48

QS=QD= 15.90+0.72(11.48)+0.05(70.00)

QS=QD= 27.66

What would be the deadweight loss if the price of natural gas were regulated to be $4.00? The deadweight loss would be $___ billion. (Round answer to two decimal places)

If PG is $4.00

The quantity supplies will be less than the quantity demanded. The quantity supplied will be the quantity sold in the market.

QS= 15.90+0.72(4)+0.05(70.00)

QS= 22.28

To find the deadweight loss we must evaluate the quantity supplied in the demand curve:

22.28 = 0.02 – 1.8PG + 0.69(70.00)

1.8PG= 48.32-22.28

PG= 26.04/1.8

PG= 14.47

And now we calculate the area shown in the figure attached:

Base: 14.47-4= 10.47

Height: 27.66-22.28= 5.38

Deadweight loss: (10.47*5.38)/2

Deadweight loss: 28.1643

The deadweight loss would be $28.16 billion.

6 0

3 years ago

A home-based business is a part of what industry

sesenic [268]

The answer would be A

6 0

3 years ago

when the forces of supply and demand lead to an inefficient outcome the economic surplus is maximized. economists call this a ma

deff fn [24]

a. When the forces of supply and demand lead to an inefficient outcome: economists call this a market failure.

<h3>What is meant by market failure?</h3>

This is the term that has to do with the state where the market that is an economy can be said to not be working.

b. The question in this category needs us to be able to fill in the details from the question into the empty boxes. Therefore:

For the efficient box

a market in which economic surplus is maximized

For the inefficient box:

a market transaction in which buyers or sellers behave irrationally
a market transaction in which one party has information not available to other party
a market dominated by few powerful businesses
a market in which government regulation creates distortions

Read more on market failure here:

brainly.com/question/26506407

#SPJ1

3 0

1 year ago

Any opinion that kitkats are very good. please answer with deatal.

daser333 [38]

KitKats are probably the best candy bars ever, their crunch with the sweetness of the chocolate will leave your mouth in awe in wanting more, plus in Japan they have many more flavors than the normal American ones such as, green apple, wasabi, and strawberry.

5 0

3 years ago

Suppose that the market equilibrium price for a basic medical check-up is $50, in a market in which there is no health insurance

asambeis [7]

Answer:

The number of check-ups in this market would decrease.

Explanation:

This is an example of price ceiling.

Price ceiling refers to a legal maximum price that is set by the government for a commodity to be sold.

Price ceiling set below the equilibrium price will result in a supply shortage as it will be effective and binding, while price ceiling set above the equilibrium price will not affect quantity supplied in the market as it will not be effective and binding.

Since the $40 price of heck-up is below $50 equilibrium price, it will result in shortage supply and the number of check-ups in this market would decrease.

5 0

3 years ago