At what governmental level are corporate charters issued?

What does it mean to have an "absolute advantage” in production?

Shalnov [3]

Answer:

In economics, the principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources

(i.e : India has an absolute advantage in operating call centers compared to the Philippines because of its low cost of labor and abundant labor force.)

Explanation:

5 0

4 years ago

LanWan Software earned net sales revenue of $62,000,000 in 2016. Cost of goods sold was $41,540,000, and net income reached $9,

blagie [28]

Answer:

33%

Explanation:

Given that,

Net sales revenue = $62,000,000

Cost of goods sold = $41,540,000

Net income reached the company's highest ever = $9,000,000

Gross profit:

= Net sales revenue - Cost of goods sold

= $62,000,000 - $41,540,000

= $20,460,000

Therefore, the gross profit percentage is calculated by dividing the gross profit by the net sales.

Gross profit percentage for 2016:

= (Gross profit ÷ Net sales) × 100

= ($20,460,000 ÷ $62,000,000) × 100

= 0.33 × 100

= 33%

4 0

4 years ago

Diogo has a utility function,U(q1, q2) = q1 0.8 q2 0.2,where q1 is chocolate candy and q2 is slices of pie. If the price of slic

guapka [62]

Answer:

$(0.5 \times 8q_2)+q_2=100\\\\5q_2=100\\\\q_2=20$

since $q_2 = 20$

$q_1 = 8*20\\\\q_1=160$

Explanation:

U(q₁ q₂)

$q_1^{0.8}q_2^{0.2}\\\\P_1= \$0.5 \ P_2=\$1 \ Y=100$

Budget law can be given by

$P_1q_1+P_2q_2=Y\\\\0.5q_1+q_2=100$

Lagrangian function can be given by

$L=q_1^{0.8}q_2^{0.2}+ \lambda (100-0.5q_1-q_2)$

First order condition csn be given by

$\frac{dL}{dq} =0.8q_1^{-0.2}q_2^{0.2}-0.5 \lambda=0\\\\0.5 \lambda=0.8q_1^{-0.2}q_2^{0.2}---(i)$

$\frac{dL}{dq} =0.2q_1^{0.8}q_2^{-0.8}- \lambda=0\\\\ \lambda=0.2q_1^{0.8}q_2^{-0.8}---(ii)$

$\frac{dL}{d \lambda} =100-0.5q_1-q_2=0\\\\0.5q_1+q_2=100---(iii)$

From eqn (i) and eqn (ii) we have

$\frac{0.5 \lambda}{\lambda} =\frac{0.8q_1^{-0.2}q_2^{0.2}}{0.2q_1^{0.8}q_2^{-0.8}} \\\\0.5=\frac{4q_2}{q_1}\\\\q_1=8q_2}$

Putting $q_1=8q_2$ in euqtion (iii) we have

$(0.5 \times 8q_2)+q_2=100\\\\5q_2=100\\\\q_2=20$

since $q_2 = 20$

$q_1 = 8*20\\\\q_1=160$

3 0

3 years ago

The following items may appear on a bank statement: 1. NSF check 2. EFT Deposit 3. Service charge 4. Bank correction of an error

stealth61 [152]

Answer:

1. NSF check

- Appears on the Bank Statement as: Debit Memo

- Decreases the Balance of the Company's Bank Account

2. EFT Deposit

- Appears on the Bank Statement as: Crediit Memo

- Increases the Balance of the Company's Bank Account

3. Service charge

- Appears on the Bank Statement as: Debit Memo

- Decreases the Balance of the Company's Bank Account

4. Bank correction of an error from recording a $300 deposit as $30

- Appears on the Bank Statement as: Debit Memo

- Increases the Balance of the Company's Bank Account

7 0

3 years ago

In the Solow growth model, if investment is less than depreciation, the capital stock will ______ and output will ______ until t

Neko [114]

Answer:

decrease; decrease

Explanation:

In the Solow growth model, if investment is less than depreciation, the capital stock will <u>decrease</u> and output will <u>decrease</u> until the steady state is attained.

If Investment is less than depreciation, thereby resulting in capital stock shrinking and output decreasing.

The golden rule of capital stock is defined as higher consumption per worker at a steady rate.

7 0

3 years ago