1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
inn [45]
3 years ago
8

Identify whether each of the following transactions will take place in an input market or in an output market, and whether firms

or households are demanding the good or service or supplying the good service a. Anderson works 37 hours each week as a clerk at the county courthouse. b. Mei Lin purchases a 3-week Mediterranean cruise vacation for her parents. c. Caterpillar doubles employment at its Huntsville, Alabama factory. d. The Greyson family sells their 250-acre ranch to Marriott so it can build a new resort and golf course.
Business
1 answer:
jolli1 [7]3 years ago
5 0

Answer:

The correct answers are explained below.

Explanation:

In the <u><em>case of A</em></u>, the household is providing the service and the transactions is taking place in an input market due to the fact that the service given by the particular person is used inside the court to provide a complete service to the community.

In the <u><em>case of B</em></u>, the firm is providing the service that is being demanded by the household and the transactions is taking place in an output market due to the fact that the complete service is already being purchased and demanded.

In the <u><em>case of C</em></u>, the household is providing the service and the firm is demanding the service of labor force and the transaction is taking place in an input market due to the fact that the firm needs the labor force to produce a new product to deliver to the output market as a finished product.

In the <u><em>case of D</em></u>, the household is providing the good and the firm is demanding the good and the transactions is taking place in an input market due to the fact that the firm is buying the good in order to establish a new building that will provide a finishied service to the customers in the future.  

You might be interested in
Bond Yields and Rates of Return A 30-year, 10% semiannual coupon bond with a par value of $1,000 may be called in 4 years at a c
Nookie1986 [14]

Answer:

The bond's yield to maturity is 9.45% using Excel to get exact values, and 9.59% using approximate method.

Explanation:

We can calculate is using 2 ways, using Excel to get the exact percentage or with approximate methods, calculating the semi-annual Yield to Maturity using the following formula

YTM_{sm} =\cfrac{PMT+\cfrac{FV-PV}n}{\cfrac{FV+PV}2}

And from there we can calculate the Yield to Maturity just by multiplying the semi-annual one by 2.

Identifying the given information.

We have a period of 30 years, so for the semiannual bond we have n=2(30) = 60 periods.

The face value, FV, is $1000, the coupon rate is 0.10, thus we can use them to  find the interest per period PMT.

PMT=0.10 \times \cfrac{1000}{2}\\PMT=\$ 50

The current price of the bond, PV is $1050.

Replacing the values on the semiannual Yield to Maturity

YTM_{sm} =\cfrac{PMT+\cfrac{FV-PV}n}{\cfrac{FV+PV}2}

YTM_{sm}=\cfrac{50+\cfrac{1000-1050}{60}}{\cfrac{1000+1050}{2}}

Simplifying we get

YTM_{sm}=4.797\%\\

Finding the Yield to Maturity.

We can just multiply by 2 to get the Yield to Maturity from our previous result and rounding it to 2 decimals we get

YTM = 2 YTM_{sm}\\YTM=9.59\%

Alternatively we can use Excel and write:

RATE(n, PMT, PV, FV)*2

That is

RATE(60,50,1050,1000)*2

And we will get the exact Yield to maturity 9.49%

3 0
3 years ago
Dairy Cream Inc. makes and sells ice cream. Dairy Cream wants to merge with EZ Freeze Inc., its main competitor and a maker of i
Readme [11.4K]

Answer:

b. products that have identical attributes, such as frozen yogurt.

Explanation:

A monopoly is formed when a firm or a group of firms have a an unfair advantage in supplying a product and faces no competition while operating.

It is important to identify the market where the monopolist exists.

In the given scenario where Dairy Cream wants to merge with EZ Freeze Inc., its main competitor and a maker of ice cream and other frozen desserts. The merger will eliminate competition and the product market is defined under ice cream and products that have identical attributes, such as frozen yogurt.

8 0
3 years ago
According to the insurance research council, 14% of u.s. drivers are uninsured. a random sample of seven drivers was selected. w
navik [9.2K]
I think the answer is 0.0620
8 0
3 years ago
A list of n items is arranged in random order; to find a requested item, they are searched sequentially until the desired item is
kompoz [17]
<span>n/2 = average number of items to search. Or more precisely (n+1)/2 I could just assert that the answer is n/2, but instead I'll prove it. Since each item has the same probability of being searched for, I'll simulate performing n searches on a list of n items and then calculate the average length of the searches. So I'll have 1 search with a length of 1, another search looks at 2, next search is 3, and so forth and so on until I have the nth search looking at n items. The total number of items looked at for those n searches will be: 1 + 2 + 3 + 4 + ... + n Now if you want to find the sum of numbers from 1 to n, the formula turns out to be n(n+1)/2 And of course, the average will be that sum divided by n. So we have (n(n+1)/2)/n = (n+1)/2 = n/2 + 1/2 Most people will ignore that constant figure of 1/2 and simply say that if you're doing a linear search of an unsorted list, on average, you'll have to look at half of the list.</span>
6 0
3 years ago
Carl transfers land with a fair market value of $120,000 and basis of $30,000, to a new corporation in exchange for 85 percent o
Lera25 [3.4K]

Answer: $15,000

Explanation:

From the question, Carl transfers land with a fair market value of $120,000 and basis of $30,000, to a new corporation in exchange for 85 percent of the corporation's stock and that the land is subject to a $45,000 liability, which the corporation assumes.

The amount of gain that Carl must recognize as a result of this transaction will be the difference between the liability the land is subjected to which is $45,000 and the basis of the land which is $30,000.

= $45,000 - $30,000

= $15,000

6 0
3 years ago
Other questions:
  • You are a medium-size company that manufactures televisions. Your workstations are set up so a machine operatoris
    5·1 answer
  • A state may not discriminate against citizens of other states, and each must give "full faith and credit" to the official acts o
    12·1 answer
  • Assume that bananas cost $0.50 in 2002 and $1 in 2007, whereas pears cost $1 in 2002 and $1.50 in 2007. Suppose that 4 bananas w
    15·1 answer
  • On July 1, 2021, an interest payment date, $149000 of Bonita Industries bonds were converted into 2970 shares of Bonita Industri
    10·1 answer
  • What are the two facets of a mode of production according to E.K. Hunt? Define them.
    7·1 answer
  • With regard to how people use time and their expectations of how it should be managed, members of which type of culture value ef
    15·1 answer
  • If you put $100 into a bank account that earns five percent interest per year, what is the formula you should use to determine t
    11·1 answer
  • What is affiliate marketing?
    8·2 answers
  • Marigold Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated
    5·1 answer
  • Toyota marketed its RAV4 hybrid model to a distinct segment of consumers as an adventurous, sporty hybrid that stands out as bei
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!