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sukhopar [10]
3 years ago
13

Suppose that your local police department recovers 100 tickets to a big NASCAR race in a drug raid. It decides to distribute the

se to residents and announces that tickets will be given away at 10 am Monday morning at City Hall.
The groups of people most likely to get the tickets will be those for whom the expected marginal _____ of going are greater than the expected marginal _____.
Business
1 answer:
bezimeni [28]3 years ago
5 0

Answer:

The correct answer that fills the gap are: Benefits; cost.

Explanation:

The benefit that arises from increasing an activity is called a marginal benefit. For example, imagine that you spend four nights a week studying and that your average grade is 7 (on a scale of 10). As you want to upload your notes, you decide to study one more night per week. Its average rating increases to 7.5.

The cost of an increase in an activity is called marginal cost. For you, the marginal cost of increasing your study time one night per week is the cost of the additional night that does not happen with your friends (if that is the best alternative to spend your time). This cost does not include that of the four weekly nights that you already dedicate to the study.

To make your decision, you must compare the marginal benefit of an additional study night with the marginal cost. The sensible thing is to study the additional night. If the marginal cost exceeds the marginal benefit, there is no reason to study the additional night.

When we evaluate the benefits and marginal costs we choose only those actions that offer more benefits than costs, we are using our scarce resources in the most advantageous way possible.

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Assume that on July 1, 2021, Togo's Sandwiches issues a $2.02 million, one-year note. Interest is payable at maturity. Determine
allochka39001 [22]

Answer:

1.$80,800

2.$45,450

3.$40,400

4.$82,483

Explanation:

Interest Rate Fiscal Year-End Interest Expense

1. 8 % December 31 2020000*8%*6/12 = $80,800

2. 9 % September 30 2020000*9%*3/12 = $45,450

3. 6 % October 31 2020000*6%*4/12 = $40,400

4 7 % January 31 2020000*7%*7/12 = $82,483

5 0
3 years ago
What's the difference between a checking account and a savings account?
elena-s [515]

Answer:

D. A checking account comes with a credit card.

Explanation:

A checking account is opened to facilitate regular bank transactions such as deposits, withdraws, cash transfers, payments, among others. There are no limits to the number of transactions that one can perform per period. Bank's fee and charges are applicable per transaction. To facilitate payments, withdrawals, and deposits, banks provide debit cards to customers.

Savings accounts are designed to help customers accumulate funds for future use. Banks limit withdrawals and offer interest payments to encourage customers to save. Savings accounts have fewer charges and don't come with debit cards.

6 0
3 years ago
Strategy is ______. Multiple choice question. a sustainable and dominant market share the set of actions a firm takes to achieve
PtichkaEL [24]

Strategy is a sustainable and dominant market share the set of actions a firm takes to achieve a competitive advantage.

<h3>What is Competitive advantage strategy?</h3>

Competitive advantage can be explained as  factors that influence a company to produce goods or services and be able to stand out compare to her other company in that industry.

These advantages help the company to be able to produce and generate more sales  compared to its market rivals.

Learn more about competitive advantage at:

brainly.com/question/9067127

#SPJ1

5 0
2 years ago
Which of the following is NOT one of the responsibilities of the Federal Reserve? A) Supervising the Reserve banks B) Maintainin
alina1380 [7]
A as an apple is correct
8 0
3 years ago
After graduating from college, you are hired by the Ford automobile company as an economic analyst. For your first project, you
Olenka [21]

Answer:

1. if the price of Chevrolet Camaro increases, the demand for Ford Mustangs increases. Conversely, if the price of Chevrolet Camaro falls, the demand for Ford Mustangs falls.

2.If the price of gasoline increases, the demand for Ford Mustangs would fall and if the price of gasoline falls, the demand for Ford Mustangs would increase.

3. if income increases, demand for Ford Mustangs increases and if demand falls, demand for Ford Mustangs falls

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Income elasticity of demand measures the responsiveness of quantity demanded to changes in income.

If the absolute value of income elasticity of demand is greater than one, it means demand is elastic.

The income elasticity is given as 3 , it means that demand is elastic. So if income increases, demand for Ford Mustangs increases and if demand falls, demand for Ford Mustangs falls.

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

If cross price elasticity of demand is positive, it means that the goods are substitutes goods.

Substitute goods are goods that can be used in place of another good.

If the cross price elasticitiy is negative, it means that the goods are complementary goods.

Complementary goods are goods that are consumed together

Because the cross price elasticity between Chevrolet Camaro and Ford Mustangs is positive, it means they are subsituite goods. So, if the price of Chevrolet Camaro increases, the demand for Ford Mustangs increases. Conversely, if the price of Chevrolet Camaro falls, the demand for Ford Mustangs falls.

Because the cross price elasticity of demand between gasoline and Ford Mustangs are negative, they are complementary goods.

If the price of gasoline increases, the demand for Ford Mustangs would fall and if the price of gasoline falls, the demand for Ford Mustangs would increase.

8 0
3 years ago
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