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lyudmila [28]
3 years ago
6

Which of the following is correct?

Business
1 answer:
babymother [125]3 years ago
3 0

Answer: (A)

Efficiency deals with the size of the economic pie, and equality deals with how fairly the pie is sliced.

Explanation:

According to Gregory Mankiw, resources are scarce and therefore every society must use its scarce resources to derive as much benefits as it can. It is this derived benefits he calls the "economic pie"

The more efficient a society is, the more the benefits (or the larger the economic pie) it can derive from its resources.

According to Mankiw, equality means fairness in distributing the benefits (or slicing the pie) among the people in that society.

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When most economists wake up in the morning, their first decision is whether or not to his the snooze button on the alarm clock.
lions [1.4K]

Answer:

The correct answer is letter "E": The marginal benefit of sleeping 10 more minutes is greater than the marginal benefit of 10 more minutes of work.

Explanation:

Marginal Benefit is an economic term that describes the maximum amount a consumer is willing to pay for an additional unit of a good or service. Typically, the marginal benefit decreases as long as the person consumes more of that good or service. The price-benefit relationship is inversely proportional.

In the example, the marginal benefit of sleeping 10 minutes more must be greater than the marginal benefit of working 10 more minutes if economists choose to sleep a little bit more.

3 0
3 years ago
On January 1, Puckett Company paid $1.6 million for 50,000 shares of Harrison's voting common stock, which represents a 40 perce
Studentka2010 [4]

Answer:  the correct answer is $1,724,000

Explanation: $560,000 x 0.40= 224,000  (net income times percentage of Harrison's voting common stock)

$2/ share x 50,000= (100,000)  (the company paid 2$ dollars per share and there are 50000 shares)

1.6 million + 224,000 - 100,000= $1,724,000

6 0
3 years ago
You have $5,000 to deposit. Regency Bank offers 15 percent per year compounded monthly (1.25 percent per month), while King Bank
aliya0001 [1]

Answer:

Regency Bank

A = $98577.46

king Bank

A = $81832.68

Explanation:

Given Data:

principle amount  =$ 5000

rate of interest = 15%

n =12 {compounded months}

t = 20 year

for Regency Bank

investment amount obtained as

A =P\times [1 + \frac{r}{n}]^{nt}

A = 5000 [1 + \frac{0.15}{12}]^{12\times 20}

A = $98577.46

for King Bank

Investment amount obtained as

A =P\times [1 + \frac{r}{n}]^{nt}

Here n = 1

A = 5000 [1 + \frac{0.15}{1}]^{1\times 20}

A = $81832.68

3 0
3 years ago
Eastern University had the following transactions at the beginning of its academic year: Student tuition and fees were billed in
Thepotemich [5.8K]

Answer:

100

Explanation:

hope this helps

5 0
3 years ago
Which of the following statement(s) is true if the efficient market hypothesis holds? Choose one answer.
stepan [7]

Answer:

d. It implies that prices reflect all available information

Explanation:

Efficient Market hypothesis emphasizes upon the fact that stock prices are an outcome of released public information and assumes investors to be rational.

It points towards sensitivity of the market to the information made available and as per it, investors actions are an outcome of information that becomes available to them.

It  means securities are correctly priced which wipes out any possibility of earning arbitrage gains i.e buying a security at a low price and selling it at a higher price.

3 0
3 years ago
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