There are external benefits associated with the production of batteries. Without government regulation, the market will:

Is GDP a good measure of the prosperity of the average person?

lubasha [3.4K]

<h2>Yes GDP is a good measure of the prosperity of the average person.</h2>

Explanation:

GDP - Gross domestic Product

The GDP will take the entire output of goods and services produced in a year by everyone within the country's borders.

Real GDP is the best than nominal GDP
GDP acts as a component of a human welfare

One drawback of GDP is it does not take the amount of pollution, safety and health. It does not take "well-being" too. Suppose if everyone starts working on weekends without "leisure", "GDP" does not take into account. So now it fails to check prosperity along with well being of the average person.

6 0

3 years ago

Using the substitution theorem and the important equivalences (handout) show the following equivalence. Use only one substitutio

vlada-n [284]

Answer:

Explanation:

Commutative laws: p ∧ q ≡ q ∧ p

p ∨ q ≡ q ∨ p

Associative laws: (p ∧ q) ∧ r ≡ p ∧ (q ∧ r)

(p ∨ q) ∨ r ≡ p ∨ (q ∨ r)

Distributive laws: p ∧ (q ∨ r) ≡ (p ∧ q) ∨ (p ∧ r)

p ∨ (q ∧ r) ≡ (p ∨ q) ∧ (p ∨ r)

Identity laws: p ∧ t ≡ p

p ∨ c ≡ p

Negation laws: p ∨ ∼p ≡ t

p ∧ ∼p ≡ c

Double negative law: ∼(∼p) ≡ p

Idempotent laws: p ∧ p ≡ p

p ∨ p ≡ p

Universal bound laws: p ∨ t ≡ t

p ∧ c ≡ c

De Morgan’s laws: ∼(p ∧ q) ≡ ∼p ∨ ∼q

∼(p ∨ q) ≡ ∼p ∧ ∼q

Absorption laws: p ∨ (p ∧ q) ≡ p

p ∧ (p ∨ q) ≡ p

Negations of t and c: ∼t ≡ c

∼c ≡ t

6 0

3 years ago

Assume a firm has a beta of 1.2. All else held constant, the cost of equity for this firm will increase if the: beta decreases.

eduard

Answer:

Risk-free rate decreases

Explanation:

The CAPM formula for calculating cost of equity requires one to know the value of 3 pieces of information only:

1. the market rate of return,

2. the beta value

3. the risk-free rate.

Ra = Rrf + [Ba∗(Rm−Rrf)]

where:

Ra=Cost of Equity

Rrf = Risk-Free Rate

Ba = Beta

Rm=Market Rate of Return

From the formula

Ra = Rrf + [1.2∗(Rm−Rrf)]

Ra = Rrf + 1.2Rm - 1.2Rrf

From Ra = 1.2Rm -0.2Rrf

From the expression above, it can be seen that the lower the value of Rrf (Risk-Free rate), the higher the value of Ra.

4 0

3 years ago

Crane Company

Afina-wow [57]

Answer:

<u>statement of cash flows using the indirect method</u>

Cash flow from Operating Activities

Cash Receipts from Customers $145,200

Cash Paid to Supplies and Employees ($108,900)

Net Cash from Operating Activities $36,300

Cash flow from Investing Activities

Proceeds from Sale of Equipment $5,100

Net Cash from Investing Activities $5,100

Cash flow from Financing Activities

Dividends Paid ($12,000)

Net Cash from Financing Activities ($12,000)

Movement during the period $29,400

Cash and Cash Equivalents at Beginning of the Period 0

Cash and Cash Equivalents at the End of the Period $29,400

Explanation:

<u>Cash Receipts from Customers Calculation :</u>

Sales revenue $ 145,200

Assuming Cash Sales

<u>Cash Paid to Supplies and Employees Calculation :</u>

Cost of goods sold $105,000

Add Selling Expenses $10,800

Add Administrative expenses $3,600

Less Depreciation ($10,500)

Cash Paid to Supplies and Employees $108,900

6 0

3 years ago

Faced with constantly changing conditions, why would a firm ever keep any factors fixed? What criteria determine whether a fac

Marrrta [24]

Answer:

On the short run, most factors of production are fixed since both wages and prices are sticky, but on the long run, all the factors of production are variable. So firms cannot decide which factors to keep fixed or not, they simply are fixed or not.

A variable factor of production is one whose input level can change in the short run, e.g. a company can extend working hours from the regular 8 hours a day to 10 hours per day.

A fixed factor is one whose input level cannot be changed in the short run, e.g. it takes several months or even years to build a new production facility, lease contracts usually last 3-5 years.

4 0

3 years ago