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velikii [3]
3 years ago
7

A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as p

lanting trees and remodeling buildings, to make the campus more aesthetically pleasing. For the students of the college, the visual appearance of the campus is and . Thus, the visual appearance would be classified as a public good. Suppose the college administrators estimate that the beautification initiative will cost $1,540. To decide whether the initiative should be undertaken, administrators conduct a survey of the college's 380 students, asking each of them their willingness to pay for the beautification project. The average willingness to pay, as revealed by the survey, is $14. The benefit of the beautification initiative, as suggested by the survey, is $_______. Because the estimated benefit is than the cost, the college administrators undertake the beautification initiative. The calculation of the benefit of the beautification initiative relied on the ability of the administrators to capture the true willingness to pay of each student accurately. Which of the following scenarios would cause the survey used by the college administrators to yield misleading data on willingness to pay? A. Students are surveyed at random, using conventional survey and data-gathering methods.B. Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.
Business
1 answer:
Snowcat [4.5K]3 years ago
4 0

Answer:

a) Benefit = (380 students multiplied by Willing to pay) minus the Initiative's cost

(380 x $14) - $1,540 = $3,780

b) The benefit is more than the cost.

c) B. Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.

Explanation:

1. A benefit is the positive result of a transaction, initiative, or project.  It is calculated as the difference between the revenue derived from the project minus the cost.  A project is acceptable if the benefits outweigh the cost.  Since beautification is a public good, the benefit is not only in terms of finances, environmental beautification is a benefit in its own right.

2. A random sample is a sample obtained using the sampling technique called random sampling.  It is used to avoid bias.  Using the entire population also avoids bias.  So random sampling is a good method of surveying and gathering data, and as such does not "yield misleading data."

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As the Managing Director of SXSW, Roland Swenson sells advertising to other businesses in an effort to promote SXSW’s music fest
valina [46]

Answer:

Sales promotion

Explanation:

Sales promotion is the process of convincing the customer to buy products. It uses short term tactics to boost sales and can be directed at the customer, sales staff, or distribution channel members.

Sales promotion is one aspect of the promotional mix.

Promotional mix is made up of advertising, personal selling, direct marketing, and public relations.

Managing Director of SXSW, Roland Swenson sells advertising to other businesses in an effort to promote SXSW’s music festival and the other companies’ products. This is a business to business sales promotion.

3 0
4 years ago
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A trucking company sold its fleet of trucks for $55,400. The trucks originally cost $1,426,000 and had Accumulated Depreciation
victus00 [196]

Answer:

Loss of $97,600

Explanation:

From the question above a trucking company sold its fleet for $55,400

The truck original cost is $1,426,000

The depreciation is $1,273,000

The first step is to calculate the book value

Book value= cost-accumulated depreciation

= $1,426,000-$1,273,000

= $153,000

The next step is to subtract the book value from the cost to determine if it a gain or loss

= $55,400-$153,000

= -97,600

Since the value is negative then, the trucking company is at a loss of $97,600

4 0
3 years ago
Which of the following statements is true?
Rzqust [24]

Answer:

The correct answer is option c.

Explanation:

An oligopoly market is a form of imperfect competition where there are a few firms. These firms can produce identical or differentiated products. Because of a few firms in the market, there is a high degree of competition in the market.  

These firms are interdependent such that the economic decisions of a firm affect its rivals. So each firm has to consider the reaction of its rivals before making decisions.

The firms are price makers and face a downward-sloping demand curve.

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3 years ago
Which of the following rules affected hedge funds as a result of the​ Dodd-Frank Act of​ 2010? A. Investors are allowed to make
sveta [45]

Answer:

The correct answer is C. Large hedge funds must register with the SEC.

Explanation:

Due to their investment volume, they need to be registered in the database established by the SEC. This guarantees a tracking of each one of the hedging operations that are carried out, since they have a great impact on the markets in the event of a sharp drop. The other funds were not affected in the same way, because they do not need to report or file their information with the SEC.

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3 years ago
The marketing and administrative expense budget of Frazier Corporation is based on budgeted unit sales, which are 5,500 units fo
LenaWriter [7]

Answer: b. $106,700

Explanation:

The marketing and administrative expense budget is based on budgeted unit sales, which are 5,500 units for June.

The variable marketing and administrative expense is $1.00 per unit. Which is 5,500 units x $1.00 = $5,500.

The budgeted fixed marketing and administrative expense is $101,200.

To get the cash disbursements for marketing and administrative expenses on the June marketing and administrative expense budget should be Variable costs plus fixed costs.

= $5,500 + $101,200

= $106, 700

4 0
3 years ago
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