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Thepotemich [5.8K]
3 years ago
8

After many years, a small community builds a toll road but discovers it is little used. if it wishes the road to be used at the

socially optimal level, the community should:
Business
1 answer:
OleMash [197]3 years ago
4 0
To increase the usage of the road the community should stop collecting toll payment, that is, they should set the toll equal to zero.
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Labor economists studying the determinants of women’s earnings discovered a puzzling empirical result. Using randomly selected e
Artist 52 [7]

Answer: Sample selection bias

Explanation: Sample selection is a term used to describe the various steps and processes through which a researcher was able to determine and collect his or her samples.

Bias is an inclination towards or a prejudice against one or more parties or factors in an experiment or a Research.

SAMPLE SELECTION BIAS IS ONE OF THE MAIN CAUSES OF POOR OR WRONG OUTCOMES DURING A RESEARCH OR AN EXPERIMENT.

3 0
3 years ago
Garfield Corp. expects to sell 1,300 units of its pet beds in March and 900 units in April. Each unit sells for $110. Garfield’s
Pani-rosa [81]

Answer:

$62,800

Explanation:

Following Garfield Corp's policy, the number of pet beds that must be purchased, assuming no initial inventory, is given by the expected number of sales in March (1,300 units) added to 30% of the expected sales in April (30% of 900 units):

n=1,300 +(0.3*900)\\n=1,570\ units

Since the company purchases each pet bed for $40, total budgeted purchases are:

P=\$40*n=\$40*1,570\\P=\$62,800

Garfield Corp's total budgeted purchases for March are $62,800.

6 0
3 years ago
Compare revolving credit and closed-end credit.
jolli1 [7]

The lender and borrower agree to the amount borrowed, the loan amount, the interest rate and the monthly payment, which depend on the borrower's credit rating.Generally, real estate and auto loans are closed-end credit, but home-equity lines of credit and credit cards are revolving lines of credit or open-end.

5 0
3 years ago
When job 117 was completed, direct materials totaled $4,400; direct labor, $5,600; and factory overhead, $2,400. a total of 1,00
Viefleur [7K]
To solve: add up all in the labor costs and then divide by the number of units produced to get the per unit cost of the labor.

<span>Direct materials = $4,400
Direct labor = $5,600
Factory overhead = $2,400
Units produced = 1,000

Per unit cost = ($4,400 + $5,600 + $2,400)/1,000
Per unit cost = $12,400/1,000
Per unit cost = $12.40</span>
4 0
3 years ago
Which strategy is an example of how companies may upgrade themselves to meet changing customer preferences?
never [62]

The best example of how companies are upgrading themselves to meet changing customer preferences is personified in option (C) making online shopping services available.

Since customers nowadays prefer to shop online more often than not, many companies are now providing online marketplaces in combination with their traditional brick and mortar stores. Some companies do not even have a pop up store – they purely do their transactions online.

8 0
3 years ago
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