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VashaNatasha [74]
4 years ago
10

Deadweight loss is A. the reduction in consumer expenditure resulting from market failure. B. the reduction in economic surplus

resulting from a market not being in competitive equilibrium. C. the reduction in sales revenue resulting from market distortions. D. a measure of market equity.
Business
1 answer:
never [62]4 years ago
5 0

Answer:

The answer is: B) The reduction in economic surplus resulting from a market not being in competitive equilibrium.

Explanation:

Deadweight loss is an economic cost to society as a whole when market inefficiencies occur preventing it from reaching its equilibrium point. Market inefficiencies are caused by incorrect allocation of resources.

For example if a price ceiling is established, suppliers will tend to lower the quantity supplied while the quantity demanded either increases or stays the same. That economic deficiency resulting from an unsatisfied demand is what we call deadweight loss.

Other causes for deadweight loss are price floors (reduction of the quantity demanded) and taxation (shifts on the demand or supply curves).

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Some time ago, Tracie purchased two acres of land costing $67,900. Today, that land is valued at $64,800. How long has she owned
julsineya [31]

Answer:

C) 3.09 years

Explanation:

Calculation for How long has she owned this land

Using financial calculator to calculated the number of years

I/Y = -1.5%

Present value=PV = -$67,900

PMT = 0

Fair value=FV = 64,800

First step is to Press CPT and then N, which will gives us 3.09 years

Therefore has she to owned this land for 3.09 years.

4 0
3 years ago
Which of the following are money market instruments? Check all that apply. Common stocks Treasury bills Certificates of deposit
Fittoniya [83]

Answer: No one of the options but <u>Commercial paper</u>

Explanation:  Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities. Maturities on commercial paper rarely range longer than 270 days.

8 0
3 years ago
Companies report prior period adjustments, net of any income tax effects in the:
ehidna [41]
Companies report prior period adjustments, net of any income tax effects in the single-step income statement.
A single step income statement is one of two commonly used formats for the income statement or profit and loss statement. It uses only one subtraction to arrive at net income. On the other hand, a multi-step statement reveals the company's gross profit, which is the difference between its sales revenue and its cost of goods sold, and operating profit, which is the difference between its gross profit and its operating expenses. 
8 0
4 years ago
A general requirement for the informed consent is that no informed consent may include any exculpatory language. Exculpatory lan
s2008m [1.1K]

Answer:

I waive any possibility of compensation for injuries that I may receive as a result of participation in this research.

Explanation:

The given definition in the scenario is that ''Exculpatory language is that which <u>waives or appears to waive any of the subject's legal rights</u> or releases <u>or appears to release those conducting the research from liability for negligence</u>.''

Therefore in the consent statement requesting that a subject state ''I <u>waive any possibility of compensation for injuries that I may receive as a result of participation</u> in this research, directly defines the content of an exculpatory language.

The statement is waiving the responsibility of researchers for negligence and at the same time waiving the legal rights of the research participants

8 0
3 years ago
research the telemedicine industry and describe two companies offering services . what are the pros and cons of offering medical
Anastasy [175]

Answer:

Telemedicine is a tool that is used for medical information change from one area to another area through electronic communications fro the improvement of clinical health status of the patient.

The Two companies that offers Telemedicine are CC and CADo

CC it involves practicing physicians that are board certified to provide various range of Telemedicine services around the world. some services that CC cover s are primary care, home care, urgent care.

CADo refers to a service that assist in connecting patient with related doctors via phone and online. this company is specialized to offer basic medical services which does not require visits in person.

The pros of Telemedicine are that,(1) it helps patient to save health care costs (2) It increases patient engagement.

The cons are (1) It requires equipment and technical training. (2)It reduces in persons interactions with the related doctors.

Yes there are some governmental or industrial rules for Telemedicine industry. it helps this industry to broaden their traditional practice of medicine towards outside the wall of a typical medical practice.

Explanation:

Solution

Telemedicine is a technique that is used for medical information interchange from one area to another area through electronic communications for the improvement of clinical health status of the patient.

Telemedicine has a variety of growing applications and services that uses email, two way videos, wireless tools, smart phones and other types of telecommunication technology.

Two companies that offers Telemedicine is given below:

(1) CC: CC was established in the year 2010. it works with practicing physicians that are board certified to provide various range of Telemedicine services around the world. some services that CC cover s are primary care, home care, urgent care.

(2) CADo : It is a service that helps to connect patient  with doctors though phone and online. this company is specialized to offer basic medical services which does not require visits in person

Pros and Cons of Telemedicine is as follows:

Pros:

  • It is more accessible and convenient health care for the patients
  • It helps patient to save health care costs
  • It increases patient engagement
  • It provide better quality of patient care

Cons:

  • It requires equipment and technical training
  • It reduces in persons interactions with the related doctors
  • In this service come Telemedicine models reduce care continuity

Yes there are some governmental or industrial guidance for Telemedicine industry. it helps this industry to extend their traditional practice of medicine towards outside the wall of a typical medical practice.

4 0
4 years ago
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