The monopolistic competition market structure is characterized by:
Question 11 options: Few firms and similar products.
Many firms and differentiated products.
Few firms and a homogeneous product.
Many firms and a homogeneous product.
Which of the following states the law of supply?
Question 13 options:
There is a negative relationship between the price of a good and the quantity offered for sale by suppliers.
There is a positive relationship between the price of a good and
the quantity offered for sale by suppliers.
There is a negative relationship between the price of a good and
the quantity that buyers purchase.
More of a good is supplied at a lower price.
Which of the following statements are true?
Question 17 options:
Total utility is the satisfaction from the entire consumption of a good.
Utility measures the satisfaction obtained from a good.
Marginal utility is the additional satisfaction from consuming the
last unit of a good.
All of the above are true
The Latin expression ceteris paribus means:
Question 29 options:
economic model.
economists are partly right.
If a 2 percent change in the price of a good produces a 10 percent change in the quantity demanded, the elasticity of demand is:
Question 39 options:
Inelastic.
Elastic.
Perfect elastic.
Unit elastic.
everything else being unchanged
partial scarcity is certain.
In: Economics
1.Choose all that apply(2). For a cluster sample
All subjects have an equally likely chance of being selected
Clusters are usually determined by convenience
All subjects will be measured in a selected cluster
Clusters have to be of equal size
An equal number of subjects will be measured in every cluster
unanswered
2.A sampling bias occurs when
The sample is not selected at random
Subjects were influenced to respond a certain way
Subject did not respond
Subjects were given leading questions
3.Choose all that apply(2) for Population parameters.
Are rarely known
Are estimated from sample statistics
Are calculated from samples
Can be found by sampling a large portion of the population
unanswered
4.
You are trying to determine what the best combination of diet and exercise provides the most weight loss. You decided to try three different diets (Atkins, Paleo, McDonalds only), along with no dieting, and two different forms of exercise (Yoga, high cardio), along with no exercise. You try each combination possible, and track weight loss for each. What type of Experimental Design is this?
Completely Randomized Design
Latin Square Design
Completely Randomized Block Design
Factorial Design
unanswered
In: Math
Prompt In your email back to the client, you must address the critical elements listed below. The codes shown in brackets indicate the course outcome to which each critical element is aligned. When responding to your new clients’ email, make sure to address all of their questions and concerns. This will help support the critical elements below.
I. Identify what additional documents the clients need to provide in order for you to do their taxes. [ACC-330-01]
II. Identify applicable deductions and credits available for the clients. [ACC-330-01]
III. Differentiate types of income and expenditures. [ACC-330-01]
IV. Explain how you utilized the IRS website for staying current in the identification and application of appropriate tax codes and laws. [ACC-330-01]
EMAIL FROM CUSTOMER
From: Freida C. Butler To: Jane Doe, Accountant Cc: Daniel B. Butler Date: January 20, 2016 My name is Freida C. Butler, and my husband and I were referred to you by our good friend Jackie Lynn. We would like for you to prepare our tax return this year. My husband works for WJJJ, Inc. and I work at a real estate company, Corbin Realty. I am not considered a subcontractor for them. Many of my friends are contractors for them and receive a 1099, but I do not. I believe I receive a W2—does that sound like the right form? We have three children who live with us. They were each in school at some point this past year. So you need to know which of them were enrolled in school last year or for how long? Will I get any tax breaks for them being in school? We also had income from some investments. We received interest and dividends from a few places. Can you tell me if those are reported on a 1099 form? If so, I may have to request this from my bank. We own our home and paid the typical homeowner’s expenses. What expenses will you need from us relating to our home? Are there any other questions you have for us, such as other deductions we can take? Just curious: this tax "stuff" is so much information to remember. How do you ever stay on top of all of these tax rules? I have always wondered that! Are you the best in the business? I look forward to hearing from you. Please let us know what other information
In: Accounting
In 1877, Rutherford B. Hayes became the first president to make a strong case for universally available public education. “Universal suffrage should rest upon universal education,” he said in his inaugural address, adding that “liberal and permanent provision should be made for the support of free schools.” Hayes, a Republican, didn’t worry that some poor kid might benefit from access to “free stuff,” nor did he believe that the children of wealthy elites should be excluded from the universal nature of the program. For him, education was the basis for full economic and political participation, and full participation was the basis for all prosperity. An education should be available to all regardless of anyone’s station.
Today, there is universal access to free, public schools across the United States for kindergarten through 12th grade. That didn’t happen by presidential decree. It took populist pressure from the progressive movement, beginning in the 1890s, to make widespread access to free public schools a reality. By 1940, half of all young people were graduating from high school. As of 2013, that number was 81 percent. But that achievement is no longer enough. A college degree is the new high school diploma.
[What Bernie Sanders’s rise means for American politics]
In the 1950s and 1960s, it was possible to graduate from high school and move right into a decent-paying job with good benefits. Strong unions offered apprenticeships, and a large manufacturing sector provided opportunities for those without an advanced degree. A couple with a sole breadwinner could buy a home, raise a family and send their kids to college. That was the American dream. Unfortunately, today, for too many Americans, it’s not a possibility.
An important pathway to the middle class now runs through higher education, but rising costs are making it harder and harder for ordinary Americans to get the education they want and need. In 1978, it was possible to earn enough money to pay for a year of college tuition just by working a summer job that paid minimum wage. Today, it would take a minimum wage worker an entire year to earn enough to cover the annual in-state tuition at a public university. And that’s why so many bright young people don’t go to college, don’t finish or graduate deeply in debt. With $1.3 trillion in student loans, Americans are carrying more student debt than credit card or auto-loan debt. That’s a tragedy for our young people and for our nation.
Summarize the above article and then give your point of view. (2 different paragraphs)
In: Economics
Measuring employment, unemployment, and labor force participation
Consider a small economy composed of six people: Larry, Megan, Raphael, Susan, Becky, and Alex. Each person's employment status is described in the following table.
Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as employed, unemployed, “not in the labor force” (if not in the civilian labor force but still part of the adult population), or “not in the adult population” if not in the civilian adult population.
|
Person |
Status |
|---|---|
| Larry is a 46-year-old autoworker who was laid off from his job 6 months ago. He is frustrated with his inability to find a new full-time position. Last week, he took a part-time job but was given only 3 hours of work. | |
| Megan is a 31-year-old professional basketball player. She finished her last season as a player 3 weeks ago and is currently interviewing for a coaching position. | |
| Raphael is a 44-year-old accountant who has been out of work for almost a year. He became so discouraged that he gave up on his job search a couple of months ago. | |
| Becky is a 26-year-old who lost her job as a copy editor for a local newspaper. She has spent the past few weeks out of work and interviewing for other editing jobs. She is thinking about going back to grad school if her job search doesn't succeed after a few more weeks. | |
| Alex is a 17-year-old who just graduated from high school. He is taking it easy this summer, relaxing by the pool with his friends and family, and volunteering part-time at the local nursing home. | |
| Susan is a 11-year-old student at Southside Middle School. She babysits her younger sister and does other chores, so her parents give her an allowance of $30 per week. |
Complete the right half of the following equation to reflect the labor force participation rate reported by the BLS.
| Labor Force Participation RateLabor Force Participation Rate | = |
Please enter the formula for the above equation
According to this formula, what is the labor force participation rate of this economy of six people?
20%
60%
66.67%
200%
Complete the right half of the following equation to reflect the unemployment rate reported by the BLS.
| Unemployment RateUnemployment Rate | = |
Please enter the formula for the above equation
According to this formula, what is the unemployment rate of this economy of six people?
20%
60%
66.67%
200%
In: Economics
Life Insurance Need Analysis Case
Your friend John asks you for advice concerning life insurance. John, an auto mechanic, is 38 years old and currently earns $76,000 per year. John is married and has three children, Billy, age 5. Cindy, age 9, and Sally, age 13. John’s wife, Mary, is currently a stay at home mom. When Billy is old enough to attend school, Mary hopes to get a job as an administrative assistant in the children’s school. That position pays about $20,000 per year. Mary has a high school diploma and a certificate showing she completed one year of practical secretarial training. Mary is 36 years old. John and Mary pay $875 per month for their home mortgage, which will be paid off in 20 years. The interest rate on their mortgage is 5.3%. (Their current equity in the home is $28,000.) The couple owns two cars, one is 10 years old and in relatively good condition. The other is new, and their car loan payments are $450 per month for the next 42 months. The interest rate on the car loan is 4%. The couple’s personal property (such as clothes, electronics, furniture, etc.) is valued at $42,000. Their investments include checking, savings, and mutual fund accounts equal to $5,600. John has no life insurance. Mary has a $25,000 whole life insurance policy that was given to her by her parents when she turned 18. If John should die, Mary would receive approximately $3,000 per year for each child 18 years of age or younger from Social Security.
John and Mary spend almost all of John’s take-home pay each month. They are able to save $100 per month that they deposit into a tax-deferred college fund for the children. The college fund has been earning a respectable rate of return of approximately 6.7% per year. The fund balance right now is $10,000. Their other investments earn approximately 5% per year.
John is worried about what may happen to his family is he should die. He is considering the purchase of life insurance and asks your advice. Assuming neither John nor Mary will receive large inheritances, how much life insurance do you think John needs on his life? (Use the needs approach.) Show all calculations and explain your answer. Make any assumptions you believe are reasonable, and make sure your assumptions are clearly stated. Also indicate the type of insurance you would recommend, whole life or term, and explain why.
In: Finance
In: Nursing
What do you hope to achieve, both personally and professionally, by obtaining an MS in Finance? And how do your experience, and background in public relations, entrepreneurship, and future goals align with all that Miami Herbert Business School has to offer?
In: Finance
a school tracked the daily pollen count and the number
of absences for one month. it found that as the pollen count
increased the absences also increased.
Is there likely to be a correlation between pollen count and
absences? Will it positive and negative? Would a high correlation
suggest causation?
In: Statistics and Probability
Special Considerations, sites, and Techniques for Administering Medications for : infants (1st year) toddlers(1-3 years)preschool (4-6 years) school age (7-11 years) adolescence ( 12-18 years). Thank you in advance!
In: Nursing