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3 years ago

What is rent seeking in economics

Business

1 answer:

Nataly_w [17]3 years ago

4 0

Answer:

Rent-seeking is the effort to increase one's share of existing wealth without creating new wealth. Rent-seeking results in reduced economic efficiency through misallocation of resources, reduced wealth-creation, lost government revenue, heightened income inequality, and potential natoinal decline

Explanation:

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What is the most efficient way to adjust the size of the picture?

Marat540 [252]

Answer:

Our easy-to-use Image Resizer lets you adjust the size of your photos without compromising quality. ... accidentally distort your images, and the fun house look isn't the most flattering for photography. ... The best part, this step is super easy!

Explanation:

7 0

2 years ago

Darlene Company had checks outstanding totaling $5,400 on its June bank reconciliation. In July, Darlene Company issued checks t

Pie

Answer:

b. $18,000

Explanation:

The computation of outstanding checks is shown below:-

Outstanding checks as of the end of July = Start with outstanding checks as of June + Amount of checks issued in July - Amount of checks that cleared in July

= $5,400 + $38,900 - $26,300

= $44,300 - $26,300

= $18,000

Note, The $300 check was issued by a customer, not Darlene.

So, for computing the outstanding checks as of the end of July we simply applied the above formula.

4 0

3 years ago

Corey has two jobs offers for sales jobs. For job A, he would earn a monthly salary of $2,500 and no commission. For job B, he w

maks197457 [2]

Answer:

job B

Explanation:

.05*50000=2500 and he gets 1000 so his total would be 3500

7 0

2 years ago

Which of the following is a common human relations mistake?

telo118 [61]

D is. It's very wrong to underestimate somebody's abilities or knowledge. We should never do that. It's also rude.

3 0

3 years ago

An investment has an expected return of 11 percent per year with a standard deviation of 26 percent. Assuming that the returns o

Keith_Richards [23]

Answer:

$P(X$

And we can find this probability using the normal standard distribution table or excel and we got:

$P(Z$

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".

Solution to the problem

Let X the random variable that represent the expected return, and for this case we know the distribution for X is given by:

$X \sim N(11,26)$