Answer:
The factor market
Explanation:
The factor market refers to buying and selling of factors of production. Factors of production are land, labor, capital, entrepreneurship. Prices of factors of production are determined by interaction of supply and demand forces. By Dave offering his labor, he receives wages as a reward for the factor of production he provides i.e. labor.
Answer:
1,040
Explanation:
The Herfindahl index is an index that is used to measure the size of firms in relation to the industry and it also shows the level of competition among the firms in the industry. The Herfindahl index is also known as Herfindahl–Hirschman Index (HHI).
The Herfindahl index is calculated by summing the square of the market share of all firms in the industry. For this question, it can be calculated as follows:
Herfindahl index = (12^2 * 5) + (8^2 * 5) = 720 + 320 = 1,040.
Discount rate = 27%
Rate before discount = $125 per night
Rate after discount = 125-27%of 125
= 125-33.75 = $91.25
Total nights = 8
Total amount to be paid = 91.25*8 = $730 (answer)
Answer:
D, a pareto diagram
Explanation:
The pareto diagram was named after the discoverer of the diagram/technique, Vilfredo Pareto. He used the diagram in his study of wealth and poverty in Europe in the 1900s.
The pareto diagram is a bar chart that ranks related events in decreasing other of occurrence. It contains both a bar and line graph. The individual events are recorded by the bar while the total event is recorded by the line graphs.
In the above question, for Clarissa to identify defects, she has to use Pareto diagram which will have the defects represented by the bar and the total production process by the line graph. This helps her to find out the stage in production where the defects started from and how much effect it has onn the production process.
Cheers.
Answer:
$8,000 (they cannot exceed total income ⇒ business expenses + home office deductions ≤ $80,000)
Explanation:
The Tax Cut and Jobs Act established a maximum of $5,000 (single filers) deduction for property taxes (so Leo's real estate tax qualifies), and since Leo is self-employed, he can also deduct mortgage interest.
Other office expenses can be deducted either total if they only apply to the home office or partially if they apply to the entire house, and must be assigned proportionally. These expenses generally include insurance, utilities, repairs, security system expenses, maid service, garbage disposal, and decorating expenses.
There are two ways to determine the amount of home office deduction:
- the simplified method which allocates $5 per square foot of home office (we are not given any measurement)
- you can add all you business expenses and they allocate a percentage. Here we can assume that the calculation has already been done by Leo. In this case, Leo's home office deduction + business deductions exceed his total income, so they are limited to = $80,000 - $72,000 = $8,000. The rest must be carried over to next year.
