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3 years ago

Finance companies have enjoyed very high rates of growth because they:________.

Business

1 answer:

Wittaler [7]3 years ago

8 0

Answer:

a. are willing to lend to riskier customers than commercial banks.

Explanation:

Financial companies are those companies which loan funds to individuals and businesses.

Unlike commercial banks who lend funds only to highly credit worthy customers, financial companies are liberal in their lending and are willing to finance riskier projects and extend credit to individuals with low credit rating.

As a consequence of assuming higher risk than banks, such companies also charge a higher rate of interest than banks.

Owing to above, finance companies enjoy higher rate of growth.

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Regardless of on whom a tax is levied, sellers face which of the following?

IceJOKER [234]

Answer:

A a decrease in the amount of money they receive

Explanation:

If the seller levies the tax on the customer, the tax will increase the price of a product and in turn decrease the demand for the product. Decreased demand, in turn, will reduce the total revenue.

But if the seller levies the tax on themself, it will not increase the product price but lower the seller revenue directly. Either way, the revenue of the seller will be decreased.

7 0

3 years ago

A company produces and sells 6,400 recliners each year. Each production run has a fixed cost of $400 and an additional cost of $

Taya2010 [7]

Answer:

800 Recliners

Explanation:

Calculation for the optimal number of recliners the company should make during each production run

Using this formula

Economic Order Quantity (EOQ) =√ [(2 D x S) / C]

Where,

Annual Demand (D) = 6,400 Recliners

Fixed Ordering Cost (S) = $400

Carrying cost per recliner (C) = $8

Let plug in the formula

Economic Order Quantity (EOQ)= √[(2 x 6,400 x $400) / $8]

Economic Order Quantity (EOQ)=√$5,120,000/$8

Economic Order Quantity (EOQ)=√$640,000

Economic Order Quantity (EOQ)= 800 Recliners

Therefore the optimal number of recliners the company should make during each production run will be 800 Recliners

8 0

2 years ago

Mike and Lon came to a party together. A friend offered Mike a ride home. However, there was no room in the car for Lon. What ar

Vikentia [17]

Mike could leave lon behind, walk lon home, offer to pay for a taxi or finally he could stay with him.

3 0

2 years ago

When total production is greater than total expenditures, __________ is produced than households want to buy, which leads to ___

Tom [10]

If the total production exceeds the total expenditures this means that there are more goods are produced than the demand of each households. Thus, this will lead to an increase of inventory. Then this will signal the manufacturing firm that they have overproduced the goods which will lead to cut back the production. This leads to lesser prices and/or unsold goods alongside with the likelihood of unemployment. Therefore the answer is d.

6 0

3 years ago

Each extra worker produces an extra unit of output up to six workers. After six, no additional output is produced. Draw the tota

Dmitry_Shevchenko [17]

Answer:

attached is the diagram

Explanation:

Each extra worker produces an extra unit of output, is said to be the marginal production of an extra worker employed

marginal production :

change in total production / change in labor = ΔTp / ΔL

Average production = Tp / L

Tp = total production , L = number of labor

To draw the Total product of labor , average product labor and marginal product labor curves starting from zero labor

0 worker : Total product = 0, average product labor = 0 , marginal = 0

1 worker : Total product = 1, average product = 1 , marginal = 0

2 worker : Total product = 2, average product = 1, marginal = 1

3 workers: total product = 3 average product = 1, marginal = 1

4 workers: Total product = 4, average product = 1, marginal = 1

5 workers : Total product = 5 average product = 1, marginal = 1

6 workers : total product = 6 average product = 1 , marginal = 1

7 workers : total product = 7 , average product = 0.85, marginal = 0

8 workers : total product = 8, average product = 0.75 marginal = 0

7 0

3 years ago