Answer: (E) none of the other choices
Explanation:
None of the options are correct in the above question.
The USA extends Most Favoured Nation Status to most countries in the world including Germany so that would not be a reason for the car's not to pass through customs.
The cars could indeed be a threat to national security. Just because they come from a safe country does not mean that they were not tampered with. They need to be properly inspected.
They are indeed a source of competition for US automakers but that would be no reason to stop them. Perhaps tariffs could be applied on them but they will not be stopped.
There is no provision in US Customs practices that prohibits the importation of used cars solely because they are used cars therefore it will not be a reason to halt the car's going through customs.
None of the options are therefore correct.
If the steps are small, a step-variable cost may be approximated using a Variable cost function without significant loss in accuracy.
<h3>Variable cost function</h3>
- An expense for the company that varies according to how much is produced or sold is called a variable cost.
- Depending on a company's production or sales volume, variable costs grow or fall. They climb as production rises and reduce as production declines.
- It is a production cost whose level fluctuates in response to shifts in a business's manufacturing activities.
- For instance, the raw materials required to make a product's components are regarded as variable costs because they frequently change depending on the volume of units produced.
- The total variable cost curve depicts the relationship between total variable cost and the volume of output produced graphically.
To learn more about the Variable cost function refer to:
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Answer:
The correct answer is Option A.
Explanation:
A. Losses on the sale of longminusterm assets are subtracted from net income - This is incorrect because on losses on sale of an asset are usually added to the net income to avoid double-counting of income. Under the investing section of the cash flows, the proceed received on disposal is recorded there as inflow, if the losses realized on the disposal are subtracted, there would be a double-counting because the losses had already reduced the net income before.
B. Increases in current liabilities are added to net income - This is an inflow of cash, so it is usually added back.
C. Depreciation expense is added to net income - The explanation under Option A above applies but only that depreciation is a non-cash item, which already reduced the net income and it has to be added back to reinstate the net income.
D. Gains on the sale of longminusterm assets are subtracted from net income - Explanation under Option A applies.
Answer: The introduction of middlemen in business models is an example of REINTERMEDIATION.
Explanation: REINTERMEDIATION can be defined as the introduction of an agent acting as a mediator between a producer and the consumer.
An example can be a bakery that sells products directly adding retailer to help in the sale of their products. Which is also the case in the question whereby the travel websites are the intermediary between the airlines and the customers.
Answer:
b. Nina will prefer L to M.
Explanation:
Convex utility of wealth indicates that an individual tends to be comfortable with taking risks.
A concave utility function shows an aversion for risk.
A mean preserving spread occurs when one variable has greater variance than another but they both have the same mean.
In the given scenario prospect L will have a greater variance than prospect M since it is a mean preserving spread.
Given Nina's risk taking preference she will most likely take prospect L that offers more variability over prospect M
