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3 years ago

How would you explain to a skeptical bank manager why the socially optimal number of bank robberies is not zero

Business

1 answer:

postnew [5]3 years ago

8 0

Answer:

The socially optimal number of bank robberies is not equal zero because due to the presence or the possibility of robberies in Banks, some industries will be sustained and such industries are ; Security agencies and their personnel , Insurance companies, Vault designing and manufacturing firms.

Explanation:

A socially optimal quantity of a good or service is the quantity of a good or service that is beneficial to the society ( i.e. to other industries related directly or indirectly to the good or service )

Hence if the socially optimal number of bank robberies equals zero the aforementioned industries will be out of business

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Today, you invest a lump sum amount in an equity fund that provides an 8% annual return. You would like to have $11,700 in 6 yea

V125BC [204]

Answer:

$7,372.99

Explanation:

Discounting is the method used to determine the present worth of a future amount which compounding is used to determine the future worth of a present amount. The relationship between both is such that;

Fv = Pv(1 + r)^n

where

Fv = future amount

Pv = present amount

r = interest rate and

n = time

The future amount = $11,700

time = 6 years

rate = 8%

$11,700 = Pv(1 + 0.08)^6

Pv = $11,700(1 + 0.08)^-6

Pv = $7,372.99

You need to deposit $7,372.99 today to reach your $11,700 goal in 6 years.

8 0

4 years ago

if the federal reserve decided to include virtual money like bitcoins in its measure of the money supply, what would be the effe

viva [34]

If the Fed decided that virtual money should be included in money supply, we would see a situation where both M1 and M2 increase/ rise. 

M1 is:

The most liquid money instruments
Inclusive of cash and close instruments

If virtual money was counted as money, it would increase M1 because virtual money is very liquid as it can easily be converted to cash so it would be counted as M1.

M2 would increase because M1 is part of M2.

In conclusion, both M1 and M2 would increase.

Find out more about M1 and M2 at brainly.com/question/25458814.

6 0

3 years ago

We want to send all of our high-value customers a special VIP gift. We are defining high-value customers as those who have made

Setler79 [48]

Answer:

Customer ID HANAR

Customer Name Hanari Carnes

Order ID 10981

Total Amount 15810.00

Explanation:

Companies focus on Customer retention policies for high valued customers. The companies do not want to upset their high valued clients and lose a great part of their sales from these customers. In this question all the high valued customers are sent gifts by the company who has shop for $10,000 or more from the company this year. From the given list we have sorted the high valued customers based on this criteria.

4 0

3 years ago

Shondee Corporation uses the lower of cost or market and FIFO inventory methods. At the end of 2018, the FIFO cost of the ending

Assoli18 [71]

Answer:

reported as income for all three years is $7,000

Explanation:

given data

cost of the ending inventory = $181,000

market value inventory = $160,000

to find out

Shondee Corporation must add income

solution

we get here Income per year that is

Income per year = (Value under FIFO Method - Value Under Cost Method ) ÷ Number of year ..............................1

put here value we get

Income per year = $\frac{181000 - 160000}{3}$

Income per year = $\frac{21000}{3}$

Income per year = $7000

so reported as income for all three years is $7,000

8 0

4 years ago

If Ed=2 and price decreases by 1%, by what percentage and in what direction will quantity demanded change?

Arte-miy333 [17]

Given:

Elasticity of Demand = 2

Decrease in price = 1%

To find:

Change in quantity demanded

Solution:

The percentage change in quantity demanded is the mathematical product of the percentage change in price and elasticity of demand. This can be mathematically represented as,

$\% \text{ change in quantity demanded }=\% \text{ change in price }\times\text{Elasticity of demand }\\\\ \Rightarrow \% \text{ change in quantity demanded }=1\times2\rightarrow 2\%$

Since, there is a decrease in price, the demand for the product will increase. Therefore, we can conclude that there will be 2% increase in quantity demanded

3 0

3 years ago