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3 years ago

Select the correct answer.

Business

1 answer:

PolarNik [594]3 years ago

7 0

Answer:

Elena wants to open a Chinese restaurant near a university. She has the required capital to start her restaurant. However, she is unable to find

good chefs for her restaurant. Which type of resource is Elena lacking?

Elena is lacking Labor resource.

Explanation:

The Labor resource is the term related with the people needed for running the operation of a business. In this case Elena has the need for the chefs that will help you with the elaboration of the dishes that she wants to offer.

A business usually needs the following type of resources: labor, capital and land.

As we said previously Labor is the resource related to people.

Land is the resource related to the physical space where you want to set up your business. e.g store, online site, offices, building and so on.

Capital is the resource related to the money or financial investment needed to cover the initial launching costs.

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Ashley eats two bananas during a particular day. The marginal benefit she enjoys from eating the second banana a. can be thought

Xelga [282]

Answer:

a. can be thought of as the total benefit Ashley enjoys by eating two bananas minus the total benefit she would have enjoyed by eating just the first banana.

Explanation:

The marginal benefit is the satisfaction can is directly associated with the consumption of an extra good or service. The marginal benefit is of a product is the satisfaction derived from consuming more of that product. The marginal benefit of a product depends on the special traits of the product and the intensity of the consumer's need.

To get the marginal benefit of a product, we have to separate the satisfaction from the last consumed unit from the previous one. Marginal is associated with the benefit enjoyed by consumption of the last unit only.

3 0

3 years ago

It is a good idea to get and use an many credit cards as possible to build credit history. True False

Ivenika [448]

False because you can get bad credit if you ever owe the bank money or if you made a late payment

6 0

2 years ago

Hawley owned a Buick, and occasionally had work done on it at the Hoff Garage. One day he drove up with a flat tire, parked his

irina1246 [14]

Answer:

A. Yes. Implicit contract

B. No he cannot

Explanation:

A. From what happened there seemed to be an implied contract between these two people. Although this contract was not done formally, given past situations, an implied contract was formed over time. Hoff felt hawley had dropped the car off for repair given that he usually did this. Hawley cannot make a case that he was going to fix it himself.

B. Hoff cannot recover for the carburetor or fender because the question did not say hawley asked him to do so. If he did it without consent then there is no recovery.

3 0

2 years ago

Pearl Corp. is expected to have an EBIT of $1,900,000 next year. Depreciation, the increase in net working capital, and capital

daser333 [38]

Answer: Share price = $\frac{(37,270,758.51 - 10,000,000)}{800,000}$ = 34.09

Explanation:

Given: Discount rate = 8.4 %

Cash flows Year Discounted CF Cumulative cash flow

- 0 - -

1461000 1 1347785.98 1347785.98

1680150 2 1429846.75 2777632.73

1932172.5 3 1516903.84 4294536.56

2221998.38 4 1609261.45 5903798.01

2555298.13 5 1707242.31 7611040.33

44392891.26 5 29659718.18 37270758.51

where;

Discounted CF = $\frac{cash flows}{(1+rate)^{year} }$

∴Share price = $\frac{(Cumulative Cash flow - Debt)}{Shares outstanding}$ = 34.09

Share price = $\frac{(37,270,758.51 - 10,000,000)}{800,000}$ = 34.09

4 0

3 years ago

Monopolistically competitive firms: a will set price where MC > MR. b earn a positive economic profit if price is greater tha

Nesterboy [21]

Answer:

Monopolistically competitive firms are regulated by the government to keep long-run economic profits equal to zero.

Explanation:

Monopolistic competition is a type of imperfect competition with many sellers selling similar, but not identical products and there are not perfect substitutes.

In the short run, a monopolistically competitive firm will select the rate of output where marginal revenue equals marginal cost. In the long-run monopolistically competitive firms are regulated by the government to keep long-run economic profits equal to zero.

3 0

3 years ago

Read 2 more answers