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aliina [53]
3 years ago
10

"Ginny sells bottled water from a small stand by the beach. On the last day of summer vacation, many people are on the beach, an

d Ginny realizes that she can make a lot more money this day if she hires someone to walk up and down the beach selling water. She finds a college student named Eric and makes him the following offer: They'll each sell water all day and split their earnings (revenue minus the cost of water) equally at the end of the day. Ginny knows that if they both work hard, Eric will earn $90 on the beach and Ginny will earn $180 at her stand, so they will each take home half of their total revenue: $90+$1802=$135 . If Eric shirks, he'll generate only $50 in earnings. Ginny does not know that Eric estimates his personal cost (or disutility) of working hard as opposed to shirking at $25."
Business
1 answer:
konstantin123 [22]3 years ago
3 0

Answer:

Explanation:

Once out of Ginny sight, Alex faces a dilemma: Work very hard (put in all effort) or shirk (put in little effort). If he works hard, he'll sell enough water to generate $90 in earnings (not including his personal cost). If he shirks, he'll only generate $50 in earnings. After the end of the work, he'll split his earnings with Ginny and also get half of what she earns at her stand. In terms of Eric's total utility, it is worse for him to work hard. Close A If Alex works hard, Alex and Sunita together earn $270 ($180 + $90), of which Eric keeps $120. However, he loses $20 worth of utility by working hard. Therefore his net earnings is $100. If he shirks, Eric and Ginny together earn $270 ($200+ $70), of which Eric will keeps $120, while his personal cost is zero. Therefore Alex, individually, is better off when he shirks. A more better way of finding the solution to the problem is to note that from Eric's view, the amount of money he gets from Ginny's sales from the stand does not rely on his own sales.

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Problem 8-12 (Algo) A firm uses a serial assembly system and needs answers to the following: a. An output of 800 units per shift
juin [17]

Answer:

the required time is 36 seconds

Explanation:

The computation of the required time is given below:

= Production time available ÷ desired output

= (8 hours × 60 minutes × 60 seconds) ÷ 800 units

= 28,800 ÷ 800

= 36 seconds

hence, the required time is 36 seconds

5 0
2 years ago
Identify and explain the four primary types of taxes that businesses pay
DENIUS [597]

Answer

Hi,

They are; income tax, self-employment tax, employment tax and Excise tax

Explanation

All businesses are expected to file income tax return on yearly basis. Some pay taxes as they earn the income. The self-employment tax is imposed to contribute to social security and health care cover for a person who works for him or herself. Employment taxes are a mandatory to employers who are required to pay it to cover social security and healthcare taxes and federal unemployment tax for the workers. Some businesses are levied excise tax depending on the goods sold or manufactured, the type of business operation and the type of equipment and products used.

Best wishes!

3 0
3 years ago
Which of the purchases is more likely to be paid for with a credit card?
Andru [333]
Probably something with a huge value 
8 0
3 years ago
Read 2 more answers
O societate producătoare de confecții vinde produse finite la cost de producție de 200 lei, marja de profit 10%, TVA 19% unui an
nlexa [21]

Answer:

Prețul producătorului către angrosist este de 261,8 lei

Prețul vânzătorului cu ridicata către comerciantul cu amănuntul este de 301,07 lei

Prețul vânzătorului cu amănuntul pentru clienți este de 331,18 lei

(Notă: toate prețurile includ TVA)

Explanation:

În primul rând, trebuie să stabilim prețul producătorului către angrosist

Prețul producătorului către angrosist = (Cost de producție + Marja de profit) + TVA

Unde

Costul de producție = 200 lei

Marja de profit = Costul de producție x Rata marjei de profit = 200 lei x 10% = 20 lei

TVA = Preț de vânzare x Tarif TVA = (200 lei + 20 lei) x 19% = 41,8 lei

Prețul producătorului către angrosist = (200 lei + 20 lei) + 41,8 lei = 261,8 lei

Acum calculați prețul angrosistului către comerciantul cu amănuntul

Prețul vânzătorului cu ridicata către vânzătorul cu amănuntul = Prețul producătorului către vânzătorul cu ridicata + Marja de profit a vânzătorului cu ridicata + TVA cu ridicata

Unde

Prețul producătorului către angrosist = 200 lei + 20 lei = 220 lei

Marja de profit = 220 lei x 15% = 33 lei

TVA angrosist = (220 lei + 33 lei) x 19% = 48,07 lei

Plasarea valorilor în formulă

Prețul angrosistului către retailer = 220 lei + 33 lei + 48,07 lei = 301,07 lei

Acum calculați prețul vânzătorului cu amănuntul pentru clienți

Prețul vânzătorului cu amănuntul către clienți = Prețul cu ridicata al vânzătorului cu amănuntul + Marja de profit a vânzătorului cu amănuntul + TVA cu amănuntul

Unde

Prețul angrosistului către retailer = 220 lei + 33 lei = 253 lei

Marja de profit = 253 lei x 10% = 25,3 lei

TVA comerciant cu amănuntul = (253 lei + 25,3 lei) x 19% = 52,88 lei

Plasarea valorilor în formulă

Prețul comerciantului către clienți = 253 lei + 25,3 lei + 52,88 lei = 331,18 lei

Sau / OR

First, we need to determine the Price of the Manufacturer to wholesaler

Price of Manufacturer to wholesaler = ( Production cost + Profit Margin ) + VAT

Where

Production cost = 200 lei

Profit Margin = Production cost x Profit margin rate = 200 lei x 10% = 20 lei

VAT = Selling Price x VAT Rate = ( 200 lei + 20 lei ) x 19% = 41.8 lei

Price of Manufacturer to wholesaler = ( 200 lei + 20 lei ) + 41.8 lei = 261.8 lei

Now calculate the price of the wholesaler to retailer

Price of wholesaler to retailer = Price of Manufacturer to wholesaler + Profit Margin of wholesaler + VAT of wholesaler

Where

Price of manufacturer to wholesaler = 200 lei + 20 lei = 220 lei

Profit Margin = 220 lei x 15% = 33 lei

VAT of wholesaler = ( 220 lei + 33 lei ) x 19% = 48.07 lei

Placing values in the formula

Price of wholesaler to retailer = 220 lei + 33 lei + 48.07 lei = 301.07 lei

Now calculate the price of the retailer to customers

Price of retailer to customers = Price of wholesaler to retailer + Profit Margin of retailer + VAT of retailer

Where

Price of wholesaler to retailer = 220 lei + 33 lei = 253 lei

Profit Margin = 253 lei x 10% = 25.3 lei

VAT of retailer= ( 253 lei + 25.3 lei ) x 19% = 52.88 lei

Placing values in the formula

Price of retailer to customers = 253 lei + 25.3 lei + 52.88 lei = 331.18 lei

7 0
2 years ago
A firm can produce steel with or without a filter on its smokestack. If it produces without a filter, the external costs on the
Licemer1 [7]

Answer:  B. The firm would install the filter at a cost of $ 300,000.

Explanation:

If the community owns the property rights, they would be able to demand that the firm pay the external cost of $500,000 per year.

If on the other hand the company installed a filter, it would cost them $300,000 but then they would not have to pay the community the $500,000.

The lower cost option would be to install the filter for $300,000 which is what the firm would do.

6 0
3 years ago
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