The plaintiff in a criminal case is the government/district attorney.<br> True<br> False

"factors of production are the most likely to earn economic rent when they"

soldier1979 [14.2K]

When there is highly inelastic supply of the factor and highly inelastic demand of the factor, in these situations the owners supply factors of production are the most likely to earn economic rent. So, the answer should be:
factors of production are the most likely to earn economic rent when they are highly inelastic supply of factor and highly inelastic demand of the factor.

3 0

3 years ago

Mel suddenly finds an opportunity to sell boxed dinners. The new opportunity would require the use of the 30 percent unused capa

Llana [10]

Answer:

a) Total cost for making and buying the cookies = $900

b) Yes, she should continue to buy the cookies

Explanation:

Number of meals of order received = 300 meals

<u>Relevant cost:</u>

Variable cost per meal produced =

(cost of meal produced - Gross product)/Annual contribution margin

Variable cost per meal = (13500 - 4500)/3000

Variable cost per meal = 9000/3000

Variable cost per meal = $3

Total cost = cost per meal * number of meals

Total cost = 300 * 3 = $900

Total cost for making and buying the cookies = $900

b) Should Mel continue to buy the cookies?

Selling price = $3.50

Relevant cost = $3.00

Profit per meal from special request = $3.50 - $3.00

Profit per meal from special request = $0.50

Since she is making a profit of $0.50 per meal, she should continue to buy the cookies

5 0

3 years ago

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_______ capital is the economic or productive potential of strong, trusting, and cooperative relationships. This type of capital

Reil [10]

Answer:

Social capital

Explanation:

Social capital is defined as the effective or efficient functioning of the social groups through using the relationship of interpersonal, shared understanding, reciprocity, shared norms, cooperation, shared values and shared norms.

So, the social capital is the productive potential of cooperative relationships, strong and trusts. And this kind of capital help the person land the job. Within the survey it is stated that the 74% had found quality applicants by referrals of employees.

7 0

3 years ago

You want to invest $24,000 and are looking for safe investment options. Your bank is offering you a certificate of deposit that

lys-0071 [83]

Answer:

6.14%

Explanation:

The offered investment has a nominal rate (N) of 6% compounded quarterly (n=4 times a year). The effective rate of return (R) is obtained by:

$R = (1+\frac{N}{n})^n-1\\R = (1+\frac{0.06}{4})^4-1\\R=0.0614=6.14\%$

The effective rate of return that you will earn from this investment is 6.14%.

*Note that the amount invested is not relevant when determining the effective rate of return, which means that the rate would be the same for any amount.

4 0

3 years ago

Complete the following sentence. Given that total revenue = price x quantity, a reduction in price will lead to an increase in t

ycow [4]

Elastic.
This is the formula for elasticity:
Elasticity = (Quantity variation/Quantity)/(Price variation/Price)
Inelastic demand is the one in which a variation in price doesn’t lead to an important variation in the quantity bought by consumers. So, in the formula, numerator is much smaller than denominator, so the fraction is lower than 1. That happens with necessary goods (typically, food).
On the contrary, elastic demand is the one in which a variation in the price leads to an important variation in the quantity bought by consumers, and that means the fraction is higher than 1. So if I sell the product at a lower price, I will sell much more product.
Considering the formula: R = P*Q, when demand is elastic, I will have much more sold quantity with just a little lower price, which leads to a higher revenue.

3 0

3 years ago

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The plaintiff in a criminal case is the government/district attorney. True False