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andrew11 [14]
3 years ago
8

Economists expect the firm to maximize __________, the laborer to accept the best __________, and the consumer to find the combi

nation of goods that gives the most __________.a. offers; profits; utilityb. profits; utility; offerc. utility; offer; profitd. profit; offer; utilitye. offers; profits; utility
Business
2 answers:
algol133 years ago
7 0

Answer:

The correct answer is option d.

Explanation:

The firms are expected to maximize profits, the laborers are expected to accept the best offer and the rational consumer is expected to choose the bundle of good that maximizes utility.

Firms will produce the output level where their profits are maximized. The consumer will consume at the level where their total utility is maximized and the laborer will accept the best offer to maximize his benefit.

Cerrena [4.2K]3 years ago
4 0

Answer: Option (d) is correct.

Explanation:

Correct option: Profit; offer; utility.

All the economists expect that a firm's first priority is to maximize the profit and the labors are well versed with all the offers. So, they accept the best offer, which gives them higher wages.

Consumer chooses the combination of goods which gives the higher utility. They wants to maximize their total utility.

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B) There has been economic growth in our society.

Explanation:

The American economy has consistently been the largest economy in the world since 1871, while the rest of the economic podium has changed a lot. Currently the Chinese economy is number 2, but just a few years ago the Japanese economy was on second place. The United Kingdom is currently a large economy, but it was number 1 before the US, and then it continued to fall to the sixth place. Argentina was once of the largest economies and richest economies in the world, and now it is a developing nation.

The only constant position (at least until China surpasses the US) during the last 150 years has been the US at number 1.

That doesn't mean that the US economy grew every year and there were no recessions. The largest global recession originated in the US in 1929, the Great Depression. And just a few years back, in 2008 the Great Recession hit the US. The US has suffered from several minor recessions as well.

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3 years ago
This is a receipt for a purchase made at a restaurant in
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10.00 , .85 , 8.5

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Consider the capital asset pricing model. The market degree of risk aversion, A, is 3. The risk premium is 2.25%. If the risk-fr
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Answer:

SO expected return on Mkt Portfolio Rm = 10.75%

Explanation:

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What is expected return on Mkt Portfolio ie Rm??

According to CAPM, Rm-Rf = A*SD^2

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So we have Rm-4% = 3*0.0225

ie Rm = 4% + 3*0.0225 = 10.75%

SO expected return on Mkt Portfolio Rm = 10.75%

3 0
3 years ago
Poskey Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following
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Answer:

\left[\begin{array}{cccccc}&Cost&Assembly&Setting Up&Other&Total\\wages&349,000&226,850&69,800&52,350&349,000\\Depreciation&290,000&101,500&58,000&130,500&290,000&Utilities&199,000&29,850&149,250&19,900&199,000&Total&838,000&358,200&277,050&202,750&838,000&\end{array}\right]

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We mulitply each line by the stated percent of each activity

<u>for example</u>

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