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ruslelena [56]
2 years ago
12

Sophie is willing to sell her used economics textbook for $30. Ruby is willing to pay $60 for the used economics textbook. Sophi

e and Ruby agree on a price of $45. The gains from trade for Sophie equals ______ and the gains from trade for Ruby equals _______.
a. $15
b. $15 $30
c. $60 $30
d. $0
Business
1 answer:
jekas [21]2 years ago
8 0

Answer:

a. $15 

Explanation:

The gains of trade of Sophie = price - willingness to sell

=$45 - $30 = $15

The gains of trade of Ruby = willingness to pay- price

$60 - $45 = $15

I hope my answer helps you

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As a management function, organizing involves:_____.
Ainat [17]

As a management function, organizing involves:

  1. developing organization structure;
  2. designing individual jobs.

Therefore, the option D holds true.

<h3>What is the significance of management functions?</h3>

The management functions were proposed by Henry Fayol, and can be referred to or considered as the essential functions for efficient functioning of a business organization.

Organizing is the second management function. It is performed after the planning function has been accomplished successfully by the organization to develop its structures in order to designate jobs.

Therefore, the option D holds true and states regarding the significance of management functions.

Learn more about management functions here:

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7 0
1 year ago
Hailey, Inc., has sales of $19,570, costs of $9,460, depreciation expense of $2,130, and interest expense of $1,620. Assume the
Eduardwww [97]

Answer:

Net operating income= 4,134

Explanation:

Giving the following information:

Hailey, Inc., has sales of $19,570, costs of $9,460, depreciation expense of $2,130, and interest expense of $1,620. Assume the tax rate is 35 percent.

Sales= 19,570

COGS= 9,460

Gross profit= 10,110

Depreciation expense= 2,130

Interest expense= 1,620

EBT= 6,360

Tax= 2,226

Net operating income= 4,134

8 0
3 years ago
You are a real estate owner in Bloomington Indiana and you have rented a house to students. You expect to make 6% per year on th
Lyrx [107]

Answer:

The present value of the contract is 0.5% higher if the rent is paid at the beginning of the month. That is equal to $11.28 for every $100 of rent.

Explanation:

if the rent is paid at the beginning of the month, the present value of the lease contract will be:

PV = monthly rent x PV annuity due factor

we are not given the monthly rent, but we know the PV annuity due factor for 0.5% and 24 periods = 22.67568

if the rent is paid at the end of the month, the PV = monthly rent x PV ordinary annuity factor

the PV ordinary annuity factor, 0.5%, 24 periods = 22.56287

assuming that the rent is $100 (just to calculate a %), the PV of an annuity due = $2,267.57

the PV of an ordinary annuity = $2,256.29

the difference between them = [($2,267.57 / $2,256.29) - 1] x 100 = 0.5%

7 0
3 years ago
Kylie has been practicing repeating phrases such as, "I know I don’t wear the latest fashions, but I am comfortable. Surely othe
Alex787 [66]

Answer: Self-affirmations

Explanation:

Here, in this particular case Kylie has been using affirmations that act as the positive statements in order to help her overthrow the self-hindering, sabotaging ,disrupting negative thoughts and ideas. For an individual to use these affirmations, they should first examine the thoughts and attitudes that they would like to change.

7 0
3 years ago
Which of the following is true about how the "invisible hand" influences economic activity through prices when a product has low
Virty [35]

Answer:

The correct answer is c.

Explanation:

Since the point the text is mentioning is above the equilibrium point, we know that the Demand is lower than it should be, while supply is bigger.

In order to increase the demand and lower the supply, we need to decrease the price to the equilibrium price. This will increase the demand and lower the supply making them intersect and reach the equilibrium point, a point that the invisible hand is influencing.

I hope this helps!

8 0
3 years ago
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