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3 years ago

_____ can be useful in analyzing how a choice affects a particular market and shapes the economic system as a whole.

Business

1 answer:

ololo11 [35]3 years ago

7 0

Answer:

A. Opportunity Cost

Explanation:

Choice affecting an economic system, market can be studied by : Macro Economics which studies Economy as 'a whole'.

On contrary, Microeconomics studies individual units of economy & marginal analysis is a tool used frequently in it. And ,Normative Economics reflects subjective non verifiable statements about how economy 'should be'.

So , all of three are not apt to analyse the above statement.

However, Opportunity Cost reflects cost of next best alternative sacrifised while making an economic choice. So ,it is useful to analyse 'choice' affecting an economic system, market. Eg :Opportunity cost is an important tool used in determining comparative advantage of a country in producing a good based on its opportunity cost (other good sacrifised to produce it).

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Pioneer Systems Inc. has a high degree of formalization. Employees in Pioneer Systems are more likely to:

telo118 [61]

Answer:

Letter A is correct. <em>Face morale and motivation problems.</em>

Explanation:

A company with a high degree of formalization is a company with a vertical organizational structure. Vertical management is represented by a classic business structure, based on the principle of top-down authority and command and a fixed organization chart.

Being an inflexible organizational model, there are some disadvantages, such as difficulty in interaction between areas and teams, communication failure due to communication noise, which can lead to the creation of moral conflicts and also the lack of motivation of employees, which due to Organizational rigidity is not so active in the process of contributing ideas and suggestions to organizational objectives, as decision making is centralized and concentrated at the top of the hierarchy.

7 0

3 years ago

Learned Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 5.30 Direct labor $

Sonja [21]

Answer:

$119,200

Explanation:

The Absorption Costing method is recommended by GAAP or IFRS for financial reporting instead of Variable Costing method.

Thus to calculate product costs under absorption costing, we add the total of all manufacturing costs (Variable and Fixed),

Non - Manufacturing costs are treated as Period Costs which are expensed in the Income Statement.

Direct materials ($ 5.30 x 8,000 units) $42,400

Direct labor ($ 3.75 x 8,000 units) $30,000

Variable manufacturing overhead ($ 1.35 x 8,000 units) $10,800

Fixed manufacturing overhead $ 36,000

Total Product Cost $119,200

therefore,

The total amount of product costs incurred to make 8,000 units is $119,200.

5 0

3 years ago

Fargo Company's outstanding stock consists of 600 shares of noncumulative 5% preferred stock with a $10 par value and 3,200 shar

Anni [7]

Answer:

$300 and $21,700 respectively.

Explanation:

Preference Stock has preference when it comes to payment of dividends. So the dividend declared is first paid to Preference Stock holders then the remainder to Common Stock Holders.

Preference Stock Dividend :

Dividend = 600 shares x 5% x $10 = $300

Common Stock Dividend :

Dividend = $22,000 - $300 = $21,700

therefore,

The amount of dividends paid to preferred and common shareholders in year 1 is: $300 and $21,700 respectively.

3 0

3 years ago

The Long run Phillips curve is graphically depicted as

Licemer1 [7]

Answer:

= Vertical at natural rate of

unemployment

Explanation:

= Vertical at natural rate of

unemployment

= Vertical at natural rate of

unemployment

6 0

3 years ago

A father and mother are planning a savings program to put their daughter through college. Their daughter is now 8 years old. She

Anna71 [15]

Answer:

$4,102.57

Explanation:

we must first calculate the future costs of college:

cost of college year 1 = $16,200 x (1 + 2%)¹⁰ = $19,747.71

cost of college year 2 = $19,747.71 x 1.02 = $20,142.66

cost of college year 3 = $20,142.66 x 1.02 = $20,545.51

cost of college year 4 = $20,545.51 x 1.02 = $20,956.42

in order to determine how much money does the family need to have before college starts we must discount the cost of college by 7.5%:

PV cost of college year 1 = $19,747.71

PV cost of college year 2 = 20,142.66 / 1.075 = $18,737.36

PV cost of college year 3 = $20,545.51 / 1.075² = $17,778.70

PV cost of college year 4 = $20,956.42 / 1.075³ = $16,869.09

total = $73,132.86

the future value of the grandmother's deposits:

$13,000 x (1 + 7.5%)¹⁴ = $35,781.77

$2,900 x (1 + 7.5%)¹² = $6,907.16

total = $42,688.93

that means that you will need to save $73,132.86 - $42,688.93 = $30,443.93 by the time your child turns 18

you will make 4 deposits and their future value will be:

deposit x 1.075¹⁰ = 2.0610D

deposit x 1.075⁹ = 1.9172D

deposit x 1.075⁸ = 1.7835D

deposit x 1.075⁷ = 1.6590D

total = 7.4207D

yearly deposit = $30,443.93 / 7.4207 = $4,102.57

4 0

3 years ago