A central bank acts as a lender of last resort especially in times of financial crisis. What is the purpose of this function

Some economists argue that competitive price-searcher markets are inefficient because

inna [77]

Answer:

A competitive price-searcher market is a market where there are low entry or exit barriers, and the suppliers can determine the price of their products. Some economists believe that this type of market is inefficient because the suppliers are not able to sell enough output in order to minimize their average costs. Since the demand is very elastic in price searcher markets, any price change will cause a drastic change in the quantity demanded.

Price searcher markets share a lot of similarities with perfect competition markets, the main difference is that suppliers and consumers are not price takers. This means that any supplier can change their sales output by changing their price, which leads to greater competition.

8 0

3 years ago

G4S is a company that provides security services. Saving lives is not the employees' primary job. Which of the following options

professor190 [17]

Answer: A

Cross training

Explanation:

Cross training involves teaching an employee the the skills required to execute the task he/she was employed for and also the skills required to perform a different job function. G4S is a security firm and the primary job function of its recruit will be protecting life but there might be case of an injured individual that need quick medical help, in such cases an employee is required to know basic first aid. Hence the need for cross training.

3 0

3 years ago

You are given the market demand function Q=2800-1000p, and that each duopoly firm's marginal cost is $0.07 per unit, which impli

Fed [463]

Answer:

q1 = 910

q2 = 910

Explanation:

Given:

Q = 2800 - 1000p

Marginal cost = $0.07 per unit

Q = 2800 - 1000p

$p = \frac{2800 - Q}{1000}$

$p = \frac{2800- q_1 - q_2}{1000}$

Let's calculate profit of firm 1:

TR = p1 q1

$= \frac{2800 q_1 - q_1^2 - q_1 q_2}{1000}$

$MR = \frac{2800 - 2q_1 - q_2}{1000}$

MR = MC = 0.07

$\frac{2800 - 2q_1 - q_2}{1000} = 0.07$

Cross multiplying:

2800 - 2q₁ - q₂ = 70

2800 - 2q₁ = 70 + q₂

2800 - 70 - 2q₁ = q₂

2730 - 2q₁ = q₂...............(1)

Let's calculate profit of firm 2:

TR = p₁ q₂

$= \frac{2800 q_2 - q_1 - q_2^2}{1000}$

$\frac{2800 - q_1 - 2q_2}{1000} = MR$

MR = MC = 0.07

$\frac{2800 - q_1 - 2q_2}{1000} = 0.07$

Cross multiplying:

2800 - q₁ - 2q₂ = 70

2800 - 2q₂ = 70 + q₁

2800 - 70 - 2q₂ = q₁

2730 - 2q₂ = q₁................... (2)

Substitute 2730 - 2q₂ for q₁ in (1)...

Thus:

2730 - 2q₁ = q₂

2730 - 2(2730 - 2q₂) = q₂

2730 - 5460 + 4q₂ = q₂

-2730 + 4q₂ = q₂

-2730 = q₂ - 4q₂

-2730 = - 3q₂

q₂ = -2730/-3

q₂ = 910

Substituting 910 for q₂ in (2):

2730 - 2q₂ = q₁

2730 - 2(910)= q₁

2730 - 1820 = q₁

910 = q₁

q₁ = 910

The Cournot equilibrium quantities are: q₁= 910; and q₂ = 910

3 0

3 years ago

Researchers now recognize three major types of behavior that constitute performance at work. Which of the following are these th

valina [46]

Answer:

Answer 1: task performance, citizenship, counterproductivity

Answer 2: Citizenship.

Explanation:

Here is the complete question: Question 1: Researchers now recognize three major types of behavior that constitute performance at work. Which of the following are these three major types of behavior?

a. task performance, productivity, tenure.

b. productivity, efficiency, absenteeism.

c. task performance, citizenship, counterproductivity

e. Citizenship, counterproductivity, personality.

f. leadership, knowledge, efficiency.

Question 2: Treating co-workers with respect, making constructive suggestions, and saying positive things about the workplace are a part of the ________ behavior that constitutes performance at work.

Citizenship refer to actions that contribute to the psychological environment of the organization, such as helping others when it is not required. It benefit the team and organization in better functioning and effieciency. These behavior are generally recognized by boss and business leaders.

3 0

3 years ago

Juan rios rented a car for a 3-day weekend. the car cost $35 per day plus $0. 15 per mile. juan drove the car 425 miles and spen

Ivahew [28]

17000 was the cost per mile to the nearest cent.

<h3>What does a mile typically cost?</h3>

Fuel costs 10.72 cents on average per mile, although actual costs might vary greatly depending on the fuel efficiency of the car.
Owners of electric vehicles pay an average of 3.66 cents per mile compared to pickup truck owners who pay 15.81 cents per mile.
Costs for upkeep and repairs come to 9.55 cents per mile.

<h3>How much will a mile of driving in 2022 cost?</h3>

The optional standard mileage rate for the final six months of 2022 was raised from 58.5 cents per mile to 62.5 cents per mile on June 9, 2022, according to Internal Revenue Service Announcement 2022-13.
Travel will be charged at the new rate starting on July 1, 2022, through December 31, 2022.

learn more about cost per mile here

<u>brainly.com/question/2507966</u>

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6 0

1 year ago