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3 years ago

What is it like to be a criminal in a mixed economy

1 answer:

6 0

It is very disturbing as everyone would be staring at you and wondering who you are. You would be confused because you would not know what to do. Life would be different than to the place you live it. It is basically strange.

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Understanding opportunity cost before you started applying for college, a job recruiter offered you a full-time cashier position

natta225 [31]

Answer: You decide to go to college probably because"You value a year of college at more than $56,000"

Opportunity costs are the benefits an respective individual, leaves while determining to pick one alternative over another. 

So, you will attend college if you perceive value of attending college more than ($22,000 + $34,000)= $56,000

3 0

3 years ago

Chandra sues Martin for breach of contract. Both parties have completed discovery. Chandra now wants her attorney to file a mo

Vlada [557]

Answer:

Chandra should request her attorney to file a motion for summary judgement because both parties have past the pleading stage of litigation and they both have also completed discovery. Since enough evidence was gathered during discovery, then Chandra is entitled to judgement.

8 0

3 years ago

If Sam's, a local watering hole, increased the price of a pint of Guinness by 20%, it estimates the number of MBA students purch

Leni [432]

Answer:

Total Revenues would increase because Demand is Inelastic

Explanation:

Demand is buyers ability & willingness to buy at a given price, time.

Elasticity of Demand is quantity demanded responsiveness to price change.

More Elastic Demand means quantity demanded responds highly to change in price. Percentage Change in Quantity Demanded > Percentage Change in Price. Elasticity of Demand [Δ%Q / Δ%P] >1 in this case. Price and Total Revenue (PxQ) are inversely related in this case ; i.e - price rise, TR fall & price fall, TR rise.

Less Elastic Demand means quantity demanded responds less to change in price. Percentage Change in Quantity Demanded < Percentage Change in Price. Elasticity of Demand [Δ%Q / Δ%P] < 1 in this case. Price and Total Revenue (PxQ) are positively related in this case ; i.e - price rise, TR rise & price fall, TR fall.

So: If Sam's Pint price change by 20% leads to demand fall by 4%, the demand is less elastic i.e < 1. Hence, Total Revenue will increase with increase in price.

6 0

3 years ago

Which of the following statements regarding uncertainty in liabilities is not correct? Group of answer choices Liabilities can i

nadya68 [22]

Answer: A company can only record a liability when it knows whom to pay, when to pay, and how much to pay

Explanation:

A liability is simply defined as the amount that a particular company owes. Liabilities consist of loans, accrued expenses, defered revenue, and accounts payable.

We should note that liabilities can involve uncertainty in whom to pay. Also, a company can have an obligation of a known amount to a known creditor, but not know when it must be paid.

Based on the options given in the question, the answer will be "a company can only record a liability when it knows whom to pay, when to pay, and how much to pay".

5 0

3 years ago

Playful Pens, Inc., makes a single model of a pen. The cartridge for the pen (which contains the ink) is manufactured on one mac

Elan Coil [88]

Answer:

a) B. Machine 2

b) $220,000

b-2) Yes , positive differential profit.

c-1) $162,000

c-2) Yes , positive differential profit.

Explanation:

B) Differential revenues = $10.40 x 200,000 = $2,080,000

Differential costs:

Variable cost on new production = $5.20 x 200,000 = $1,040,000

Fixed costs = $820,000

differential profit = $2,080,000 - $1,040,000 - $820,000 = $220,000

c) Differential revenues = $10.40 x 100,000 = $1,040,000

Differential costs:

Variable cost increase on current production = ($4.62 - $4.10) x 800,000 = $416,000

Variable cost on new production = $4.62 x 100,000 = $462,000

differential profit = $1,040,000 - $878,000 = $162,000

5 0

3 years ago