_______ is the process of applying controls to reduce the risks to an organization's data and information systems.

raphael spends $150 to purchase medical services from the medical clinic. susan earns $600 per week working for the medical clin

Deffense [45]

The following occur in the factor market:

Susan earns $600 per week working for the medical clinic.

Raphael earns $250 per week working for Dinah's diner.

The following occur in the product market:

Raphael spends $150 to purchase medical services from the medical clinic.

<h3>What is the factor and product market?</h3>

The product market and the factor market are the two major markets in the circular flow of income.

The product market is a marketplace where final goods and services are bought and sold. Intermediate goods are not sold in the product market.

The factor market is a market where the factors of production needed for the production of goods and services are bought and sold. Labor is one of the factors of production.

Thus, the services of Susan and Raphael would be exchanged in the factor market. For offering their services in the factor market, Susan and Raphael are rewarded in the form of wages.

Here is the complete question;

Identify if each of the following scenario occurs in the factor market or in the product market.

raphael spends $150 to purchase medical services from the medical clinic.

susan earns $600 per week working for the medical clinic.

raphael earns $250 per week working for dinah's diner.

To learn more about the factor market, please check: brainly.com/question/17284274

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6 0

2 years ago

During an ice storm a limb falls off a tree and hits your windshield shattering it.<br>

Firlakuza [10]

Answer:

what's the question?

Explanation:

please provide a more valid question to answer.thank you

6 0

4 years ago

If a website is classified as an "advocacy" site, what is the sites primary purpose?

lutik1710 [3]

The answer would be:

A: To try to get other people to support a cause or position.

Similar to an advocate which is a person is promoting some sort of cause or position, an advocacy is an activity in which a person or a group of people aim to sway the decisions in many areas such as politics, economics, etc.

If a website is labeled as an "advocacy", then it's purpose is to alter the decisions of the people who click on it to support their cause.

3 0

4 years ago

Read 2 more answers

Suppose that in a monopoly market the total cost per week of producing a high tech product is given by C(x) =3600+100x+2x^2.

vazorg [7]

Answer:

10 units;

50 units.

Explanation:

The revenue function is given by the price function multiplied by the number of units sold (x).

$R(x) = x*p(x)=500x-2x^2$

The break even point occurs when Revenue equals costs:

$C(x) =R(x)\\3600+100x+2x^2=500x-2x^2\\4x^2-400x+3600 = 0\\x^2-100x+900=0\\x=\frac{100\pm \sqrt{100^2-(4*900)}}{2}\\x_1=10\\x_2=90$

Therefore, the smallest number of units required for the company to break even is 10 units.

Maximum profit will be achieved at that number of units for which the derivate of the profit function is zero:

$P(x)=R(x) - C(x) \\P(x)=3600+100x+2x^2-(500x-2x^2)\\\frac{dP(x)}{dx}=0=8x-400\\x=50$

The number of units that will give maximum profit is 50.

3 0

3 years ago

These financial conglomerates provide a range of services, such as investment banking, commercial banking, and financial advisin

Degger [83]

Answer:

These financial conglomerates provide a range of services, such as investment banking, commercial banking, and financial advising. ⇒ <u>FINANCIAL SERVICES CORPORATIONS. </u>

The institution described is a Financial Services Corporation as they offer many services to customers including all the above services. The firm type depends on the services it offers.

They are owned by members so that members can share funds among themselves. Members who save deposit the funds. These funds are then loaned to members who need the funds. ⇒ <u>CREDIT UNIONS.</u>

This is a Credit Union. Credit Unions were designed to ensure that people had access to low interest loans. They are like banks in that they loan money but they only loan to members. Members own the Union and it is run on a non-profit basis which is why rates are so low.

With the use of advanced investment techniques, these largely unregulated portfolios are invested in securities. The investment objective is to offset potential losses by investing in counterbalancing securities. They are open to only a select class of investors. ⇒ <u>HEDGE FUNDS. </u>

Hedge funds invest in derivatives a lot and are largely unregulated. They use very advanced investment techniques to earn high returns for their exclusive class of investors who pool funds to provide the Hedge fund with capital for investment.

8 0

3 years ago