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katrin [286]
4 years ago
7

High school football is arguably more popular in West Texas than in any other region of the country. During football​ season, sm

all towns seem to shut down on Friday nights as local high school teams take to the​ field, and for the following week the results of the games are the talk of each town.
Taking into consideration that many of these towns are one hundred or more miles away from any​ medium-sized or large​ cities, what might be an economic explanation for the extreme popularity of high school football in these small West Texas​towns?

A.Opportunity costs are relatively low.
B.Only a small share of household budgets are expended on the games.
C.Few entertainment substitutes are available.
D.All of the above are plausible.
E.A and B only.
Business
1 answer:
Furkat [3]4 years ago
8 0

Answer:

The answer is D. All of the above are plausible

Explanation:

A. Opportunity costs are relatively low is reasonable because as football game is taking place, most of the local people will go to the field to enjoy the field rather than spending their time at local shops/restaurants. Moreover, there are not many people from other towns visiting these facilities because of far distance.

B. is reasonable because it is high school football not professional football so the expenses spent on watching the game is low.

C. is is plausible because these towns are quite remote so watching their young neighbors/relatives playing may be one of the few entertainment choices available to them in weekend.

=> So, the answer is D.

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They should provide both healthy and unhealthy foods in the drinks to satisfy the needs of the people

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3 years ago
"The "circuit breaker" on the domestic equities markets to reduce price volatility is INITIATED when the Standard and Poor's 500
kirill115 [55]

Answer:

7%

Explanation:

In Microeconomics, circuit breaker can be defined as a financial regulatory measure or instrument used by stock exchange organizations to temporarily halt trading on an exchange and to prevent stock market crash. The circuit breaker is also referred to as trading curb and it is used to curb panic selling in the stock markets, which eventually prevents collosal losses and speculative profits in a very short period of time.

The "circuit breaker" on the domestic equities markets to reduce price volatility is INITIATED when the Standard and Poor's 500 Index falls by 7%. The circuit breaker rule states that, if the Standard and Poor's 500 Index falls by 7% from the closing price of the previous day: the listed equity on the domestic equities markets will be shut down for 15 minutes, so as to mitigate price volatility. The 7% is the level one (1) of the circuit breaker levels for the the Standard and Poor's 500 Index (S&P 500 Index) on the stock markets.

8 0
3 years ago
What contractionary monetary policy actions may be used to help reduce inflation?
Nadya [2.5K]

Answer:

The answer is B.

Explanation:

Contractionary monetary policy is a policy adopted by Central banks when the economy is heating up i.e when the economy is moving faster than it can withstand. So this is used to slow down the economy.

There is always a higher inflation and money supply is high when the economy is heating up.

So to contract or slow down the economy, the central banks increase the interest rate, this increase in interest rate discourages borrowing from households, businesses and even commercial banks and when there is a low demand for borrowed fund, money supply (total quantity of money in circulation) decreases.

3 0
4 years ago
Read 2 more answers
Why is questioning such an important leadership skill?
irakobra [83]

Answer:

D. Questioning is a good way for the leader to stay in command.

Explanation:

It is known in new management jobs to panic because some would say or be open enough to feel apprehension or at worse to feel perceived as a fraud as skills are not advanced in new management jobs to full fill the criteria for a specialist role. When questioning, the process of learning by asking questions and listening. The more a manager listened, the better his or her questions became and the more they had learned. Questions also helped managers clarify their own thinking on projects, workflow, and strategies for their new unit.

How well do you ask questions? From some managers experience, most managers and leaders don't think about this issue very often. The "ability to ask questions" doesn't usually show up on any list of managerial competencies or job description requirements. However, asking questions effectively is a major component of any manager or leader's job, and asking good questions often distinguishes outstanding leaders and managers from average ones (or worse, poor ones).

7 0
3 years ago
ABC Manufacturing Inc. ends the month with two jobs still in progress. Job 5 has $10,000 of materials, $2,000 of direct labor an
makkiz [27]

Answer:

B. ​$6,150 of the underallocated manufacturing overhead should be allocated to​ work-in-process

Explanation:

Calculation to determine what would be the correct way to prorate it based on ending balances before proration

First step is to calculate the Balance of work in process before proration

Balance of work in process before proration= ($10,000 + $2,000 + $8,000) + ($30,000 + $2,000 + $12,000)

Balance of work in process before proration= $64,000

Now let calculate the Underallocated overhead to be allocated to WIP

Underallocated overhead to be allocated to WIP= $10,000 * $64,000 / ($64,000+$40,000)

Underallocated overhead to be allocated to WIP = $10,000 * $64,000 / $104,000

Underallocated overhead to be allocated to WIP = $6,150

Therefore Based on the above calculation what would be the correct way to prorate it based on ending balances before proration is that $6,150 of the underallocated manufacturing overhead should be allocated to​ work-in-process

3 0
3 years ago
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