Answer:
Income streams such as photography and merchandise will be useful for the business is described below in detail.
Explanation:
The practices of photography are broad and therefore the businesses are extensive. the actuality is that if you are to sustain as an expert photographer today, and if you are to have the sources to proceed with what you are really enthusiastic about, then that often includes being open to, and actively evolving, various income streams, not all of which you will be uniformly passionate about.
Answer:
Allocative efficiency is about distributing or allocating resources in the best possible manner. E.g. in order to fight the current pandemic, more resources ($) is allocated to different health care institutions.
Productive efficiency is about how a company or a person uses the resources that it has in order to produce the greatest amount of benefits at the lowest possible cost. E.g. in a hospital, if a doctor is able to treat 15 patients per day, his/her productive efficiency will be higher than another doctor that only treats 10 patients per day.
Answer:
D) $2,000
Explanation:
Angela's basis on the stocks will be the same as her father's. Since she sold the stocks, her basis will be $8,000, so her recognized gains will = selling price - basis = $10,000 - $8,000 = $2,000
The IRS allows the donee (Angela) to use the doners (Ralph) basis when selling an asset received as a gift in order to determine the realized gain/loss.
Answer:
When ASI Inc. declared a dividend of $20,000,000, its market value increased from $8 ... Competitors have found it extremely difficult to imitate Gene Electronics Inc.'s ... CEO of JustFixIt Inc., a firm that merges technology with commercial hardware. She has been struggling with the decision to allocate her resources for the ...
Explanation:
Answer: a) More information needed
b) Produce in short run
(c) Produce in short run
(d) Shut down in short run
Explanation:
a) More information needed
In the short run if TC exceeds TR then the firm is incurring a loss. However if TR is still greater than AVC then the company will not shut down as the condition for shutting down has not been met which is that Price should be less than Average Variable Costs and this information is not known.
(b) Produce in short run
In a Perfect Competition, price is the same as Marginal Revenue which means that if MR is greater than MC then Price is greater than MC as well. This means that the Average Variable cost is less than Price as well so they will keep producing as opposed to shutting down.
(c) Produce in short run
If the Price exceeds the Average Total cost at all output levels then that means that profit is being made. The firm will therefore keep producing in the Short run.
(d) Shut down in short run
If Variable costs are more than the Price then the firm is unable to fund operations as they can't even cover variable costs. This will mean that they would have to shut down in the Short run.
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