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abruzzese [7]
3 years ago
6

When a factory closes, why is it bad news for the local restaurants? a. Unemployed factory workers have lower incomes and are le

ss likely to dine out. b. Unemployed factory workers are eligible for government unemployment benefits. c. Sales taxes are likely to increase. d. The opportunity cost of dining out has fallen.
Business
1 answer:
rusak2 [61]3 years ago
7 0

Answer:

The correct answer is option a.

Explanation:

When a factory closes, its workers become unemployed. Their income declines or disappears. A decrease in income further causes decrease in demand and consumption.

The factory workers will no longer be able to afford restaurant meals, or their demand for meals will decline.

A decline in the demand for meals will adversely affect the revenue and profits of local restaurants.

So, closing up of a factory is a bad news for local restaurants.

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Answer:

The correct answer is b. It implies that prices reflect all available information.

Explanation:

The efficient market hypothesis is a theory initially enunciated by Eugene Fama (1970). It states that the current price of an asset in the market reflects all available information that exists (historical, public and private).

This theory considers that any news or future event that may affect the price of an asset will make the price adjust so quickly that it is impossible to obtain an economic benefit from it. Given this, it is considered a waste of time and money to try to analyze the values, since there will be no undervalued or overvalued assets in the market.

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3 years ago
Beginning in the 1940s, first-generation computers used _____.
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3 years ago
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antoniya [11.8K]

Answer:

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b) Faldo Corp's Days Sales Outstanding (DSO) is an estimate of the number of days it takes Faldo to collect its outstanding accounts receivable.  This means that DSO measures how long it takes Faldo's customers to pay an invoice.  Faldo can calculate its DSO by dividing the total accounts receivables of last year by the total credit sales of last year.  This is then multiplied by 365 days.

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