Answer:
C. efficiency and equality.
Explanation:
A typical society that strives to get the most it can from its scarce resources and at the same time, the society attempts to distribute the benefits of those resources to the members of the society in a fair manner; faces a trade-off between efficiency and equality.
Efficiency is the bid to avoid any kind of waste of resources, time, energy, efforts, money, or indeed any resource. Put simply it is getting the best out of a resource. While equality on the other hand is the distribution of resources or benefits to all parties in an equitable or fair manner.
Hence, it is obvious that the given scenario borders on efficiency and equality.
Answer:
B. an economic profit of $6.50
Explanation:
Note: The full question is attached
Price Q TR MR Output TC MC
2.75 3 8.25 - 3 4 -
2.50 4 10 1.75 4 4.5 0.5
2.25 5 11.25 1.25 5 4.75 0.25
2 6 12 0.75 6 5.75 1
1.75 7 12.25 0.25 7 7.75 2
For profit Max MR = MC. MC>MR
At Q = 5, MR = 1.25 & MC = 0.25
Economic profit = TR - TC = 11.25 - 4.75 = $6.5
But at Q = 6, MR = 0.75 MC = 1. Net benefit is negative
The family should save minimum $250 every month to save up to $15,000 at the end of 5 years.
<u>Explanation:</u>
Total savings, S = $15,000
Time period, t = 5 years
Monthly deposit, x= ?
Time period in months = 12 X 5 = 60 months
Monthly deposit = Total savings / Time period in months
x = $15000/60
x = $250
Therefore, the family should save minimum $250 every month to save up to $15,000 at the end of 5 years.
Answer:
The correct answer is 11.28%
Explanation:
Solution
Recall that:
Investment center A Investment center B
Investment center income $ 530,000 $ 640,000
Investment center average
invested assets $ 4,700,000 $ 3,100,000
Now,
We calculate for return on investment (ROI) for Investment Center A
The ROI A=Investment center income/Average invested assets which is
= (530000/4,700,000)
=11.28%
Answer:
option D ( ii, iii and iv )
Explanation:
Required financial statements that should be issued by governmental funds and by proprietary funds include the following among others:
- statement of revenues, expenditures and changes in fund balances,
These among others are expected to reflect/ be included in Financial statement issued by Governmental funds and proprietary funds.