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Brrunno [24]
3 years ago
5

Which of the following best describes equilibrium?

Business
1 answer:
QveST [7]3 years ago
3 0

Answer:

C. A situation where no economic agent would benefit by changing his or her behavior

Explanation:

An economic equilibrium is when the agents are optimizing their decisions and opposing market forces are equal. This point allows the economic agents to maximize their utility and any change from this point will cause all agents to move away from potential maximum benefits.

In a natural equilibrium there is usually no government intervention so option A is false. Option B gives only one agent potential benefits and as such there is no equilibrium. Option D is conditional and may or may not happen as when the agents find missing information they would optimize again and move to an equilibrium.

Hope that helps.

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Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual reve
Pachacha [2.7K]

Answer:

The question does not include any requirements, so I looked for similar questions:

  1. Use the least squares method to develop the estimated regression equation.
  2. For every additional car placed in service, estimate how much annual revenue will change.

1) Y = -14.95 + 12.82X

2) for every 1 thousand cars put into service, revenue should increase by $12.82 million.

See attached PDF for calculations

Download pdf
7 0
3 years ago
Consider the metaphor used in the article differentiating managerial and leadership roles (average managers play checkers, great
Jobisdone [24]

Answer:

Following are the solution to this question:

Explanation:

The metaphor of gambling, chess, and rallying related only to the degree of growing complexity and significance of different roles. In typical management needs and allocates capital, so named players. A senior executive not just uses the resource and also serves as a key motivator for both the company's so-called chess-making goals. Its successful leaders, however, not just to lead to accomplishing organizational targets, and also motivate individuals to serve a better future, and people are advised to rally to the metaphor is therefore said to have been accurate and is focused on the various positions and levels performed by the organization, thus distinguishing roles.

5 0
3 years ago
Richard, age 50, is employed as an actuary. For calendar year 2019, he had AGI of $130,000 and paid the following medical expens
Black_prince [1.1K]

Answer:

c. $10,340

Explanation:

For year 2018, the deduction for medical expense is amount of qualified medical expense that exceeds 7.5% of AGI.

Expenditure Richard can deduct as medical expense = $5300 + $7900 + $5100 + $830 + $960 - 7.5% * $130000

= $10,340

As such option c is correct and other options a, b, d and e are incorrect.

5 0
3 years ago
Cultural convergence says that media companies will continue to produce messages for large audiences, but according to this view
crimeas [40]

Answer: Personalized messages which will be tailored to individual needs

Explanation:

Cultural convergence is a theory which simply implies that as two cultures interact together often, they will increasingly become somewhat similar as their arts, ideas, values will almost be thesame.

Cultural convergence says that media companies will continue to produce messages for large audiences, but according to this view, audiences will more frequently receive Personalized messages which will be tailored to individual needs.

7 0
3 years ago
Which of the following statements is true about skill-based pay?A. Skill-based pay provides a way to ensure that employees can u
Elena-2011 [213]

Answer:

Among the advantages of skill-based pay are the following:

Flexibility is increased by encouraging the performance of multiple tasks. It enables job rotation, and filling of temporary vacancies due, for instance, to absenteeism. It therefore contributes to a leaner workforce.

Explanation:

7 0
3 years ago
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