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Ilia_Sergeevich [38]
2 years ago
14

There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the f

ollowing costs: Consumers' Willingness to Pay Lorenzo: $35 Gilberto: $50 Juanita: $40 Neha: $25 Firms' Costs Firm A: $25 Firm B: $40 Firm C: $30 Firm D: $45 Each firm has the capacity to produce only one haircut. For efficiency, should be given. Which businesses should cut hair
Business
1 answer:
Softa [21]2 years ago
4 0

Based on efficiency, the businesses that should cut hair are the A and C; moreover, to meet the demand, each firm will need to offer at least two haircuts.

The supply of a product or the units of a product that is offered to potential customers should always meet the number of real customers. In the same way, the price of the product should meet the price customers are willing to pay.

In this context, the best is that only firm A and C cut hair, this is because their prices per cut ($25 and $30) match the consumers' willingness to pay this includes Lorenzo ($35), Gilberto ($50), Juanita ($40) and Neha ($25).

  • Firm A can cut Neha's and Lorenzo's hair
  • Firm C can cut Gilberto's and Juanita's hair

Moreover, this implies each firm needs to do at least 2 haircuts to cover all the possible customers.

In the case of firms B and D, the price per cut is high ($40 - $45). Based on this,  they should not cut hair as only a few customers can pay for this service, and this would be inefficient.

Learn more in: brainly.com/question/13225200

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During the month of February, Rubio Services had cash receipts of $7,900 and cash disbursements of $9,400. The February 28 cash
Nana76 [90]

Answer:

The begining cash balance = $4100

Explanation:

Given:

Cash receipts = $7900, Cash disbursements = $ 9400, Ending cash balance = $2600.

<u>To find out the cash balance at the begining of the month, the following is to be used </u>

Begining Cash balance = Ending cash balance + cash disbursements - cash receipts

Putting the given figures in this we get,

Begining Cash balance = $2600 + $9400 - $7900

                                      = $4100

7 0
2 years ago
____ focuses on the productivity of the individual worker; the _____ approach focuses on the total organization.
telo118 [61]

Individual productivity in the workplace entails executing tasks that advance you toward achieving your objectives in a timely manner and contribute to your work-life balance and simplicity. You divide the average production for a given period by the expenses incurred or the resources, such as staff, used during that period to determine productivity.

Being able to create, especially quickly and with excellent quality, is a sign of productivity. Making excellent school tasks in a short amount of time is an example of productivity. How quickly toys can be produced in a toy factory is an illustration of productivity.

To learn more on individual productivity

brainly.com/question/3053378

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7 0
1 year ago
When consumers start to examine the content of media messages they can turn into media-literate viewers. One skill such viewers
EleoNora [17]
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3 years ago
Stu's Mellow Meter Miser (MMM) has recently experienced a sales decline due to the entry of a lower-priced competitor, Kelly's C
qaws [65]

Answer:

<u>New York Times (NYT) Cost per Thousand Impressions (CPM): </u>

Cost per Thousand Impressions = Advertisement Cost / (Impressions / 1000)

Cost per Thousand Impressions = $12,000 / (251,000 /1000)

Cost per Thousand Impressions = $12,000 / 251

Cost per Thousand Impressions = $47.8

<u>NYT CPM for College Professors: </u>

Impressions generated = 251,000 × 11%  

Impressions generated = 27610

CPM = Advertisement Cost / (Impressions / 1000)

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CPM = $12,000 / 27.61  

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7 0
2 years ago
Questions: 1. Describe the symptoms of fraud that might be evident to a fellow employee. 2. Recently, his employer has been putt
FrozenT [24]

Answer:and Explanation:

1.The following could be symptoms of fraud:

a.Posh Lifestyle: Daniel Jones drove expensive vehicles. It is clear from his site that Jones enjoyed telling people about his toys. It is likely he showed or talked about his various cars to his fellow employees. A clue to Jones’s fraud is that he began to purchase most of these expensive cars in the last ten months of the fraud, not over the period of time he worked for his company.

b.Analytics: Jones received large amounts of software free of charge to be used on developmental projects. Someone should have discovered that Jones was receiving larger quantities of materials than his colleagues. His company could also require seeing the projects Jones was working on and the reasons why he needed such large amounts of materials.

c.Internal Control deficiency: His company had no internal control checks for amounts under $1,000.

d.Unusual Behaviors: It is not one particular behavior that signals fraud but rather a change in entire behavior. Jones had worked for the company long enough that employees and coworkers would be able to tell if he was experiencing behavioral changes.

2.

a.Positive Consequences: Because managers are encouraged to have tighter control over costs, their scrutiny may prevent potential fraud perpetrators. Also, managers will take more ownership of their department because they will be in charge of a greater portion of the assets and will likely be more careful with expenses, especially if a bonus is given for keeping costs low.

b.Negative Consequences: Managers may be more tempted to commit financial statement fraud, especially if a bonus is attributed to keeping costs low/revenues high. Controls will need to be in place as a preventive measures. other non quantitative measures should be looked upn rather than monetary benefits

3.

a.Pressure: Fraud pressures can be divided into four types: financial pressures, vices, work-related pressures, and other pressures. His desire for luxuries was enough to motivate him to commit fraud.

b.Opportunity: His company had a weakness in its controls. It required approval only for software or hardware of more than $1,000. Jones had ordered software in the past for legitimate purposes. He saw that no one really checked up on him, since he was director of a very secret project.

c.Rationalization: He rationalized his unethical acts in one way or another.

4.It appears that his company tries very hard to create a culture of honesty, openness, and assistance by focusing on hiring honest people. However, his company could benefit from developing a code of ethics. In this situation, there was no overriding of existing controls; rather there were no internal controls in place on purchases of less than $1,000. His company could benefit from having some type of internal control to prevent this type of fraud from occurring in the future.

A whitsleblower mechanism should be in place where when the upper management is at fault external agencies can be contacted for prevention of fraud

You can expand on the concepts if you like

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3 years ago
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