A firm uses two inputs in production: capital and labour. In the short run, the firm cannot adjust the amount of capital it is using, but it can adjust the size of its workforce. What happens to the firm’s average-total-cost curve, the average-variable-cost curve, and the marginal-cost curve when the cost of renting capital increases?
The average-total-cost curve (shifts up/shifts down/do not change) .
The average-variable-cost curve (shifts up/shifts down/do not change) .
The marginal-cost curve (shifts up/shifts down/do not change) .
What happens to the firm’s average-total-cost curve, the average-variable-cost curve, and the marginal-cost curve when the cost of hiring labour increases?
The average-total-cost curve (shifts up/shifts down/do not change) .
The average-variable-cost curve (shifts up/shifts down/do not change) .
The marginal-cost curve (shifts up/shifts down/do not change) .
In: Economics
Jill and Jack both have two pails that can be used to carry water down from a hill. Each makes only one trip down the hill, and each pail of water can be sold for $6. Carrying the pails of water down requires considerable effort. Both Jill and Jack would be willing to pay $5 each to avoid carrying one pail down the hill, and an additional $5 to avoid carrying a second pail down the hill.
a. If Jack and Jill each must decide whether to carry one or two pails of water down from the top of the hill, how many pails will each child choose to carry? pails.
b. Jill and Jack’s parents are worried that the two children don’t cooperate enough with one another. Suppose they make Jill and Jack share equally their revenues from selling the water. Given that both are self-interested, construct the payoff matrix for the decisions Jill and Jack face regarding the number of pails of water each should carry.
In: Economics
2. Vel Corporation had the following information on December 31, 2020:
- Assess = $350,000
- Liabilities = $100,000
- Stockholder's Equity:
Contributed Capital = $200,000
Retained Earnings = ?
On December 31, 2020, Vel Corporation's Retained Earnings is:
Group of answer choices
A) $250,000
B) $50,000
C) $150,000
D) Cannot be determined from the information.
In: Accounting
Examine the second plan to increase the current minimum wage of $8.70 by 2.1% per year.
Write a formula to model what the federal minimum wage, W, should be t years after 2020.
What would minimum wage be in 2025? Round to the nearest cent.
In what year will minimum wage be at least double the 2020 value?
In: Statistics and Probability
Problem #2
A machine, which cost $400,000, is acquired on October 1, 2020. Its estimated salvage value is $30,000 and its expected life is 8 years.
Instructions
Calculate depreciation expense for 2020 and 2021 by each of the following methods, showing the figures used. SHOW ALL WORK!
(a) Double-declining balance
(b) Straight-Line
In: Accounting
The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2022. The bonds yield 12%. Give entries through December 31, 2020.
Prepare all the relevant journal entries from March 1, 2019 until March 1, 2020. (The company closes its books on December 31).
In: Accounting
In 2020, Peterson Corporation incurred research costs as follows:
|
Materials and supplies |
$60,000 |
|
|
Personnel |
65,000 |
|
|
Indirect costs—allocated |
80,000 |
|
|
$205,000 |
These costs relate to a product that Peterson expects to market in
2021. It is estimated that these costs will be recouped by December
31, 2023. How much of these costs could be capitalized in 2020?
|
$205,000 |
|
$125,000 |
|
$80,000 |
|
$0 |
In: Accounting
Margarita, a single taxpayer, operates a sole proprietorship that reports $100,000 of qualified business income after deducting salaries of $300,000 in 2020. The sole proprietorship is not a specified service business. Assume her taxable income before the QBI deduction is $160,000. Margarita's QBI deduction for 2020 is:
a.$-0-.
b.$60,000.
c.$20,000.
d.$32,000.
In: Accounting
ABC receives 500000 dollar on december 31, 2019 when it issue a 10 year 6% mortgage note payable to finance the construction of a building. the terms provide for monthly installement paymenets.
prepare a journal entries required for the first 2 installment payment on january 31, 2020 and febuary 29, 2020. if the blended monthly payment is $4861.
In: Accounting
1- Identify the Epidemiological triangle, and explain the elements.
2- What are communicable diseases, give examples and explain the role of the nurse.
3- Describe Intrinsic and extrinsic factors for infectious agents, provide examples.
4- Explain the purpose of Healthy people 2020 and its benefits.
5- Why is Cardiovascular disease a targeted condition for Healthy People 2020?
In: Nursing