Kayla was laid off when her company closed down due to the slow economy. kayla is structurally unemployed. cyclically unemployed. frictionally unemployed. employed. not unemployed.
Suppose that 85% of sellers have low-quality cars. assume buyers know that 85% of sellers have low-quality cars but are unable to determine the quality of individual cars.
The expected value of a car to a buyer if there is no way to know if the car is high-quality plum or a low-quality lemon will be $6,100.
How is the Expected value of car derived?This will be calculated by getting the sum of the probability of getting a low-Q car * value of a low-Q car and probability of getting a high-Q car * the value of a high-Q car.
Expected value of car = (Chance of HQ car * $9,500) + (chance of LQ car * $5,500)
Expected value of car = (0.15 * $9,500) + (0.85 * $5,500)
Expected value of car = $ 6,100
Therefore, the expected value of a car to a buyer will be $6,100.
Missing words "If all sellers offer their cars for sale and buyers have no way of determining whether a car is a high-quality plum or a low-quality lemon, the expected value of a car to a buyer is ---"
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Suppose the economy starts off producing natural real gdp. next, aggregate demand rises, ceteris paribus. as a result, the price level rises in the short run. in the long run, when the economy has moved back to producing natural real gdp, the price level will be
Changes in the lives of women in the last 50 years reflect __________ employment and educational attainment.
The answer to this question is that it reflects an increase in woman’s employment and educational attainment.
Woman now are given equal rights with regards to employment and educational attainment. Before women are just being neglected and was just allowed to take care of the kids and be a normal housewife. Today, woman has a vital role in the society and given equal opportunities.
What are the practical consequences of a lack of strategic linkage between the business and the operations function? give examples?
For businesses to succeed, they need to adopt policies that will translate to success. The practical consequences of a lack of strategic linkage between the business and the operations function are;
Misdirected effortsRepetition of tasksWastage of resourcesThe downward spiral of the businessWhen business owners fail to think carefully about their business so that policies that fit into their purpose are b, they will most likely make decisions that result in waste.
Businesses need to study their competitions very well to understand what works and what does not work. When they factor these very well they will make policies that will help them grow.
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Danner corporation reported net sales of $650000, $720000, and $780000 in the years 2016, 2017, and 2018, respectively. if 2016 is the base year, what percentage do 2018 sales represent of the base?
Henry lives in a country where the government gives many incentives to produce military goods and few incentives to produce consumer goods. Henry knows a more efficient way to finish his task at work and feels like sharing it with his boss. However, he has no incentive to share it. Which type of economy does Henry most likely live in?
Answer:
The correct answer is: Command Economy.
Explanation:
A Command Economy is one where the government controls the economy, acting as a central planner, dictating production quotas and distribution levels, and setting prices. Such economies exist in communist or socialist states as China, North Korea, or the former Soviet Union. These economies have low to none incentives for individual planners and government workers.
A shift to a more expansionary monetary policy will generally _________ in the short run, but if the rapid monetary expansion persists, the long-run result will be ______.(fill in the blanks.)
In related linked diversified firms, ____ are a complex set of resources that link the different businesses through managerial and technological knowledge, experience, and expertise.
a. corporate core competencies
b. strategies
c. support activities
d. intangible assets
The answer to this question is Corporate core competencies.
Corporate core competencies are the set of skills that the business / company have that shows how competitive the company is and it shows the organization’s strategic strengths. The corporate core competency should be unique and is difficult to be copied by the competitors.A greenhouse in a? tri-county area has kept track of its customers for the last several years and has determined that? 28% of its customers plant a vegetable garden in the spring. the greenhouse obtains a random sample of 1000 of its customers. what is the mean of the sampling distribution of modifyingabove p with caretp?, the sample proportion of customers that plant a vegetable garden in the? spring?
Answer:
The mean is 280 customers.
The sample proportion is 28%.
Explanation:
For each customer, there are only two possible outcomes. Either they plant a vegetable in the spring, or they do not. This means that we can solve this problem using concepts of the binomial probability distribution.
Binomial probability distribution.
Probability of exactly x sucesses on n repeated trials, with p probability. Has an expected value of:
[tex]E(X) = np[/tex]
In this problem, we have that:
There are 1000 customers, so [tex]n = 1000[/tex].
28% of its customers plant a vegetable garden in the spring. This means that [tex]p = 0.28[/tex].
So:
What is the mean of the sampling distribution of modifyingabove p with caretp?
The mean is the expected value, so:
[tex]E(x) = np = 1000*0.28 = 280[/tex]
The mean is 280 customers.
The sample proportion of customers that plant a vegetable garden in the? spring?
It is the same as the population proportion, so the sample proportion is 28%.
A monopoly is producing a level of output at which price is $80, marginal revenue is $40, average total cost is $100, marginal cost is $40, and average fixed cost is $10. in order to maximize profit, the firm should
Final answer:
The monopoly should continue producing at the current output level where marginal revenue equals marginal cost, as it's the profit-maximizing condition. However, since the price is less than average total costs, the firm is currently making a loss on each unit sold.
Explanation:
In this scenario, the monopoly is currently producing output where the marginal revenue (MR) equals the marginal cost (MC), both at $40. To maximize profit, a monopoly should follow the rule of producing up to the quantity where MR equals MC. Since this condition is already met, no change in output level is required to maximize profits in the short run despite the current loss due to average total cost (ATC) being greater than the price.
However, because the firm's price ($80) is currently below its ATC ($100), the firm is making a loss on each unit sold. In the long run, if the firm cannot reduce costs or increase the price, it might need to consider shutting down if it cannot sustain these losses. But in the short term, the firm should continue producing since the price is covering the variable cost, and by producing, the firm can cover some portion of its fixed costs.
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b.if today you put $10,000 into an account paying 10% annually, how much will there be in the account after 5 years? show your work.
Another name for the minimum desired rate of return is
Final answer:
The minimum desired rate of return, also known as the hurdle rate or required rate of return, varies according to the level of risk associated with an investment.
Explanation:
Another name for the minimum desired rate of return is the hurdle rate or the required rate of return. This is the lowest acceptable return on an investment that is determined by a manager or investor's preference. The expected rate of return is a projection of future performance, taking into account various risks such as default risk and interest rate risk. The actual rate of return is the realized gain or loss on an investment over a specific period, inclusive of capital gains and interest.
Risk is integral to making financial decisions, differentiating between low-risk and high-risk investments. Low-risk investments are expected to have actual returns close to the expected rate of return, whereas high-risk investments show a significant deviation, thus requiring a higher minimum desired rate of return to compensate for the additional uncertainty.