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e-lub [12.9K]
3 years ago
9

Hester operates a hand car wash service and charges customers $10 per car wash. Based on her knowledge of operations, the 100th

car in a day costs her $9.95 to wash. If she takes additional business, however, the 101st car will cost her $10.05 to wash. Does she take the additional business? Group of answer choices No, because she has hidden costs that far exceed her estimate of $10.05, so she loses money. No. She turns away business when the cost of an additional unit exceeds the income from it. No, because taking on additional business doesn’t earn her any money. Yes, because if she turns away business, his service will be forced to close. Yes. More business means more revenue, and more revenue means more profits.
Business
1 answer:
kvv77 [185]3 years ago
4 0

Answer: No. She turns away business when the cost of an additional unit exceeds the income from it.

Explanation:

In order to maximize production, the optimal point at which Hester should wash cars is the point where marginal revenue equals marginal cost. Marginal cost should not be above marginal revenue because it would mean that a marginal loss is being made.

At the 101st car, Hester would make a marginal loss of $0.05 because the cost of $10.05 to wash exceeds the revenue of $10.00 that she charges the customer. She should therefore not accept this or additional business because it will lead to her incurring losses.

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Answer:

The correct answer is letter "A": Level 2 - Enhanced Steady-State.

Explanation:

In the enhanced steady-state (L2) of an emergency, only part of the members of the critical response team is requested to verify the credibility of the threat to find out what are the steps needed to be followed under an unfavorable situation. Among their activities, the staff members issue alerts and coordinate with mission partners.

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2 years ago
If a Phillips curve shows that unemployment is high and inflation is low in the economy, then that economy:
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Answer:

is producing at a point where output is less than potential GDP.

Explanation:

When the unemployment is high it is obvious that the economy is under its potential level but there is inflation case so we need to know the meaning of Philips Curve. The aggregate demand and aggregate supply model provides a simple summary of the possible outcomes proposed by the Phillips curve. The Phillips curve shows the combination of inflation and unemployment arising when the economy of the aggregate demand curve in the short run shifts along the short-term aggregate supply curve. Increased demand for goods and services will lead to higher prices in the short term and increased output of goods and services. Increasing output means increasing employment and lowering unemployment. In addition, the higher the rate this year, the higher the rate of inflation, no matter what the price level is in the past. Thus, the change in aggregate demand leads to short-term changes in inflation and unemployment rates, which is consistent with the dependence described in the Phillips curve. Monetary and fiscal policy tools are used to influence the aggregate demand curve, that is, to move the economy along the Phillips curve. Increasing money supply, government spending, or tax cuts move the aggregate demand curve to the right and drives the economy to a point where the Phillips curve corresponds to lower unemployment and higher inflation. Reducing money supply, government spending, or raising taxes will push the aggregate demand curve to the left, while the economy shifts to the point where Phillips curves with lower inflation and higher unemployment. In this sense, the Phillips curve offers policymakers a set of combinations of inflation and unemployment.

4 0
3 years ago
Select all that apply GAAP and IFRS rules ______. require that the same method be used for both internal and external segment re
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Answer:

The correct options are "A, C, and D".

Explanation:

  • GAAP becomes regarded as a relatively 'rules-based' management framework, seems to be the accounting technique used throughout the United States
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  • These allow the same approach being used for international and domestic section reporting, which generate reconciliation issues.

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discuss the rationale of organizing an industrial strike in resolving employee dispute with the state,focusing on the detrimenta
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Answer: The answer is given below

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Strike is the refusal to work which is typically organized by body of employees as a method of protesting in an attempt to get a pay rise or other concessions from the employer.

Strike can be as a result of demand for wages or salary increment, better working conditions, better treatment at workplace and non-discrimination, towards employees.

Strikes can bring about potential benefits such as better working conditions, increase in pay, improved labor productivity, increase in work morale, and lower absenteeism. Itcsn also bring about economic costs to the society. Strikes results in negative impacts on employees, employers, consumers, stakeholders, the government, and the whole economy.

During strikes, there are less goods available for consumers, decrease in revenue on the part of employers, idle employees, and the economy is also affected badly.

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