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3 years ago

Why is it important to know how money and emotions affect each other?

1 answer:

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Thinking about money for some of us (including myself) creates very emotional responses. Some emotions are happiness, sadness, guilt, fear and many others. You've heard the saying "money doesn't buy happiness", but what it does buy is a trip to Hawaii for myself and a college education for my daughter. For me, that's a great happiness start. Since this is not the emotion I usually have around money I knew that it was time to do something about it. As an entrepreneur, it becomes a vicious cycle of being happy when I have money and being not happy when I don't. In between those two emotions also live guilt, fear, frustration and sometimes anger. It's time for me to change my conscious shift when it comes to money, but where do I start? I sat down with Holly Signorelli who has always had wonderful and enlightening tips on this subject. Here is our conversation (and some great tips) on how to balance your emotions regarding money

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The problem with adopting a fair-return pricing policy for a natural monopoly is that Multiple Choice economic profits will be p

ASHA 777 [7]

Answer:

it is not allocatively efficient

Explanation:

Monopoly is a market condition where one seller has all the market share. This leads to an inefficient market structure, an increase in the prices of goods and services and abnormal profits. A problem with adopting a fair return polity for a natural monopoly is that it is not allocatively efficient. In a monopoly, goods and services are not produced to help the economy or people.

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3 years ago

Rosana believes that she will succeed in business if she works hard and carefully manages her time. Her belief most clearly illu

konstantin123 [22]

Confidence and assurance

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3 years ago

The following standards for variable manufacturing overhead have been established for a company that makes only one product:

pantera1 [17]

Answer:

c $4,450 U

Explanation:

The computation of the Variable overhead spending variance is shown below:

= (Standard variable overhead Rate × Actual Hour) - (Actual Rate × Actual Hour)

= ($12 × 400 units × 5.6 hours) - ($31,330)

= $26,880 - $31,330

= $4,450 Unfavorable

The (Actual Rate × Actual Hour) is also called as Actual variable overhead.

All other information which is given is not relevant. Hence, ignored it

3 0

3 years ago

A firm encountering economies of scale over some range of output will have a

lawyer [7]

Answer:

Falling long-run average cost curve

Explanation:

When a firm encounters economies of scale, which means they are producing the maximum amount of product. When a firm experiences economies of scale, they might have to add more output to generate the input. Sometimes, doubling an input required more than doubling the output that leads to failing long-run average cost curve. The best way to encounter this problem is to find a low-cost method to manufacture goods and services.

8 0

3 years ago

Assume that a purely competitive firm has the following schedule of average and marginal costs:

tia_tia [17]

Answer:

a) At a price $55, the firm would produce 3 units of output.

At a price of $120, the firm would produce 6 units of output.

At a price of $200, the firm would produce 7 units of output.

The rule is Price = Marginal Cost for a competitive firm

b) The per-unit economic profit (or loss) is calculated by subtracting ATC at a particular level of output from the product price. This per-unit economic profit is then multiplied by the number of units of output to determine the economic profit for the competitive firm.

i) At the product price of $200, the average total costs are $146 , so per-unit economic profit is $54 . Multiplying this amount by the number of units of output results in an economic profit of $378 .

Explanation:

At P = 200, output produced is 7 units

ATC is $146

Per-unit economic profit = 200 - 146 = $54

Hence, Total economic profit = $54 x 7 = $378

ii) At the product price of $120, the average total costs are $140 , so per-unit economic losses are $ -20. Multiplying this amount by the number of units of output results in an economic loss of $-100.

Explanation: At P = 20, output produced will be 5 units. 6th unit will not be produced as it will result in even greater loss.

Total loss = ($140 - $120) x 5 = $100

4 0

3 years ago