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3 years ago

Third Parties In General (not Just With Health Care) Are Inefficient Because

Business

1 answer:

goldenfox [79]3 years ago

3 0

Answer:

Third Parties In General (not Just With Health Care) Are Inefficient Because

b) it means a large bureaucracy.

Explanation:

Ordinarily, in an efficient market, there are no third parties. The market participants remain buyers and sellers. They are aided in their business dealings and for the determination of prices during the exchange by the invisible hand. It is the invisible hand that ensures the existence of market equilibrium between demand and supply. If this invisible hand is removed and a third party comes in to regulate the market and the activities of the market participants, usually the government, it implies that bureaucracy will increase. It has been established that decisions made by the state are not always efficient because more costs are added to the decision-making process.

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If the total cost of 3 units is $40 and the total cost of 4 units is $50, the marginal cost of the fourth unit is:

ivann1987 [24]

Answer:

$10

Explanation:

Calculation for the marginal cost of fourth unit

Using this formula

Marginal cost = Change in Total cost / Change in number of units

Let plug in the formula

Marginal cost of fourth unit = $(50 - 40) / (4 - 3)

Marginal cost of fourth unit= $10 / 1

Marginal cost of fourth unit= $10

Therefore Marginal cost of fourth unit will be $10

5 0

3 years ago

Scholastic Tours is trying to decide which one of two tours it will introduce. The costs and revenues associated with each alter

OLga [1]

Answer:

$4,000

Explanation:

Scholastic's Eastern Tour Western Tour

Projected revenue $17,000 $19,000

Variable costs ($3,000) ($7,000)

Fixed costs ($3,000) ($3,000)

Profit $11,000 $9,000

The incremental costs of the Western Tour is:

incremental costs = costs associated to western tour - costs associated to the alternative eastern tour = ($7,000 + $3,000) - ($3,000 + $3,000) = $10,000 - $6,000 = $4,000

Incremental costs are the costs that a company incurs in by taking a particular action or making a particular decision, always compared to not taking that particular action or making that decision.

3 0

4 years ago

Profit margin is synonymous with the term _______ and tells whether or not total profit will be positive.

Brut [27]

Answer: Average profit

Explanation:

Both average profit and profit margin show the percentage of profit that a company can expect to receive from $1 worth of sales. It is calculated by dividing the profits by the sales figure,

If sales are $10 and profits are $3, the profit margin would be:

= 3/10

= 30%

This means that for every $1 of sales, there is $0.30 in profit. This method shows us whether the total profit will be negative or positive by showing us individual product profit.

8 0

3 years ago

What is the present value of $18,430 to be received 12 years from today if the discount rate is 7.26 percent?

RSB [31]

PW = 18430×1.0726^-12 = $7948.26

7 0

4 years ago

Nico is saving money for his college education. He invests some money at 99%, and $17001700 less than that amount at 4 %.4%. T

Rufina [12.5K]

Answer:

Nico invest $2500 at 9% interest rate and $800 at 4% interest rate.

Explanation: