George has been selling 8,000 T-shirts per month for $9.50. When he increased the price to $10.50, he sold only 5,000 T-shirts.
Which of the following best approximates the price elasticity of demand?
-4.1538
-5.0769
-4.6154
-3.6923
Suppose George's marginal cost is $4 per shirt.
Before the price change, George's initial price markup over marginal cost was approximately ( 0.6368 OR 0.5211 OR 0.2895 OR 0.5789) . George's desired markup is .
Since George's initial markup, or actual margin, was( LESS or GREATER) than his desired margin, raising the price was ( profitable or not profitable) .
In: Economics
Write a short essay about state and local taxes. Your
answer should include the different types of state and local taxes,
their definitions and their classification into either activity
based tax or transaction based tax. Please state your answer in a
good form which will includes introduction, structure and
conclusion. 5 paragraphs
1 page
In: Accounting
|
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 54,000 Rets per year. Costs associated with this level of production and sales are as follows: |
| Unit | Total | |||||
| Direct materials | $ | 24.00 | $ | 1,296,000 | ||
| Direct labour | 17.00 | 918,000 | ||||
| Variable manufacturing overhead | 12.00 | 648,000 | ||||
| Fixed manufacturing overhead | 18.00 | 972,000 | ||||
| Variable selling expense | 4.00 | 216,000 | ||||
| Fixed selling expense | 6.00 | 324,000 | ||||
| Total cost | $ | 81.00 | $ | 4,374,000 | ||
|
The Rets normally sell for $86 each. Fixed manufacturing overhead is constant at $972,000 per year within the range of 31,000 through 54,000 Rets per year. 1)Assume that Polaski Company expects to sell only 54,000 Rets through regular channels next year. The Canadian Forces would like to make a one-time-only purchase of 23,000 Rets. The Forces would pay a fixed fee of $3.30 per Ret, and in addition it would reimburse Polaski Company for all costs of production (variable and fixed) associated with the units. Thus, accepting the Canadian Forces’ order would require giving up regular sales of 23,000 Rets. If the Forces’ order is accepted, by how much will profits be increased or decreased from what they would be if the 23,000 Rets were sold through regular channels? |
In: Accounting
Which cobalt complex was favored when the solution was taken off the heat plate and put in an ice bath? The solution contained deionzied water, ethanol, and cobalt II chloride. The solution went from blue to pink. If you could explain this using Le Chatelier's principle, thank you!
In: Chemistry
Question 1
How could you identify bacteria in a biofilm if it could not be cultured?
Question 2
How can bacteria produce or modify enzymes to control how much metabolic product is made?
In: Biology
Should the government be downsized? Which functions should be cut back? Which ones should be expanded?
In: Economics
Briefly describe the purpose of “blacklisting” and other authoritarian measures during Red Scares in the United States.
In: Economics
QUESTION 1
The law of diminishing marginal productivity pertains to_____:
| a. |
the short run. |
|
| b. |
the long run. |
|
| c. |
both the short run and the long run. |
|
| d. |
the short run for small firms, and the long run for large firms. |
1 points
QUESTION 2
Assume that you own a sole proprietorship. Your first year earnings were $75,000, and your explicit costs were $55,000. If you could have worked at another establishment and earned $25,000, which of the following is true?
| a. |
Your firm earned an economic profit of $20,000. |
|
| b. |
Your firm's total implicit costs were $80,000. |
|
| c. |
Your firm sustained an economic loss of $5,000. |
|
| d. |
Your firm's total costs are $100,000. |
1 points
QUESTION 3
Which of the following is true regarding accounting profit?
| a. |
It is typically smaller than economic profit. |
|
| b. |
It includes all explicit and implicit cost of production. |
|
| c. |
It includes depreciation. |
|
| d. |
All of the above. |
1 points
QUESTION 4
Marginal cost is understood as the change in__________ when producing one more unit of output. In the short run, marginal cost can also be determined by the change in__________ when producing one more unit of output.
| a. |
variable cost; fixed cost |
|
| b. |
total cost; fixed cost |
|
| c. |
fixed cost; variable cost |
|
| d. |
total cost; variable cost |
1 points
QUESTION 5
Which of the following are characteristics of a perfectly competitive market?
| a. |
Firms are price takers. |
|
| b. |
Firms produce identical or nearly identical products. |
|
| c. |
Firms can enter the market without any restrictions. |
|
| d. |
All of the above. |
1 points
QUESTION 6
An organization with 50 employees will add 10 employees next month. This is_____:
| a. |
a long run decision. |
|
| b. |
a long run and a short run decision. |
|
| c. |
a short run decision. |
|
| d. |
none of the above. |
1 points
QUESTION 7
Fixed inputs are_____:
| a. |
those inputs to production that have a fixed price. |
|
| b. |
those inputs to production that result in a fixed variable product. |
|
| c. |
those inputs to production that cannot be varied in the short run. |
|
| d. |
those inputs to production that have a fixed market. |
1 points
QUESTION 8
When deciding whether to continue operations or shutdown, a perfectly competitive firm should_____:
| a. |
continue operations if the price of the firm's product falls below the minimum average variable cost. |
|
| b. |
shut down if the price of the firm's product falls below the minimum average variable cost. |
|
| c. |
continue operations if the marginal cost of a new invention for the firm surpasses average variable cost. |
|
| d. |
shut down if it can cover all of its costs, but only at a diminishing marginal rate. |
1 points
QUESTION 9
If the total output rises while the cost per unit fails, a firm is understood to be enjoying_____:
| a. |
increased profits. |
|
| b. |
economies of scale. |
|
| c. |
maximum efficiency. |
|
| d. |
all of the above. |
1 points
QUESTION 10
Firms that compete in perfectly competitive markets must decide_____:
| a. |
the quantity to produce. |
|
| b. |
the price to charge. |
|
| c. |
the price to charge and the quantity to produce. |
|
| d. |
none of the above. |
In: Economics
3. NJ wants to attract businesses to move to NJ from other states. It offers firms a tax break on profits earned in NJ over the next 10 years. How could you empirically test whether this tax break has any effect?
In: Economics
Data Table: Decreases in body temperature (degrees Fahrenheit) for each patient
|
Mean |
|||||||
|
Group 1 (aspirin) |
0.95 |
1.48 |
1.33 |
1.28 |
1.26 |
||
|
Group 2 (ibuprofen) |
0.39 |
0.44 |
1.31 |
2.48 |
1.39 |
1.20 |
|
|
Group 3 (acetaminophen) |
0.19 |
1.02 |
0.07 |
0.01 |
0.62 |
-0.39 |
0.25 |
The ANOVA table that corresponds to this data is below.
ANOVA Table:
|
Fev_red |
Sum of Squares |
df |
Mean Square |
F |
Sig. |
|
Between groups |
3.426 |
2 |
1.713 |
4.777 |
0.030 |
|
Within groups |
4.303 |
12 |
0.359 |
||
|
Total |
7.729 |
14 |
In: Math
Report for Movie: Prometheus
What AI techniques/methods/devices/applications were mentioned in the movie and How accurate are the AI predictions on the movie set in our present time? Or, how realistic are those predictions if the time is yet to come?(400 words or above)
In: Computer Science
1. Deferred income tax liabilities are amounts owed to the government True or False
2. Deferred taxes appear on a company's balance sheet as a result of inter-period tax True or False
3. "Taxable amounts" include revenues and gains that are included in the tax return BEFORE they are recognized for accounting purposes. True or False
4. Existing sufficient taxable temporary differences, which will result in taxable income, is one piece of evidence to support a more likely than not criteria. True or False
5. Two taxable permanent differences are Political contribution and 2) Golf club dues True or False
In: Accounting
/*
* C++ Program to Implement Hash Tables with Quadratic Probing
*/
#include <iostream>
#include <cstdlib>
#define MIN_TABLE_SIZE 10
using namespace std;
//-----------------------------------------------------------------------
// Node Type Declaration
//-----------------------------------------------------------------------
enum EntryType
{
Legi, Emp, Del
};
//-----------------------------------------------------------------------
// Node Declaration
//-----------------------------------------------------------------------
struct HashTableEntry
{
int e;
enum EntryType info;
};
//-----------------------------------------------------------------------
// Table Declaration
//-----------------------------------------------------------------------
struct HashTable
{
int size;
HashTableEntry *t;
};
//-----------------------------------------------------------------------
// Function: isPrime Function
// Return whether n is prime or not
//-----------------------------------------------------------------------
bool isPrime (int n) //Complete the function stubs needed to
implement the operations
{
if( n == 2 || n == 3 )
return true;
if( n == 1 || n % 2 == 0 )
return false;
for( int i = 3; i * i <= n; i += 2 )
if( n % i == 0 )
return false;
return true;
}
//-----------------------------------------------------------------------
// Function: nextPrime Function
// Finding next prime size of the table
//-----------------------------------------------------------------------
int nextPrime(int n)
{
if (n % 2 == 0)
++n;
while (!IsPrime(n)) n += 2;
return n;
}
//-----------------------------------------------------------------------
// Function: Hash Function
//-----------------------------------------------------------------------
int HashFunc(int key, int size) //Complete the function stubs
needed to implement the operations
{
}
//-----------------------------------------------------------------------
// Function: initiateTable Function
// Initialize Table
//-----------------------------------------------------------------------
HashTable *initiateTable(int size)
{
HashTable *ht;
if (size < MIN_TABLE_SIZE)
{
cout<<"Table Size is Too Small"<<endl;
return NULL;
}
ht= new HashTable;
if (ht == NULL)
{
cout<<"Out of Space"<<endl;
return NULL;
}
ht->size = nextPrime(size);
ht->t = new HashTableEntry [ht->size];
if (ht->t == NULL)
{
cout<<"Table Size is Too Small"<<endl;
return NULL;
}
for (int i = 0; i < ht->size; i++)
{
ht->t[i].info = Emp;
ht->t[i].e = 0;
}
return ht;
}
//-----------------------------------------------------------------------
// Function: Search Element at a key
//-----------------------------------------------------------------------
int SearchKey(int key, HashTable *ht) //Complete the function stubs
needed to implement the operations
{
}
//-----------------------------------------------------------------------
// Function: Insert Element at a key
//-----------------------------------------------------------------------
void Insert(int key, HashTable *ht) //Complete the function stubs
needed to implement the operations
{
}
//-----------------------------------------------------------------------
// Function: Rehash
//-----------------------------------------------------------------------
HashTable *Rehash(HashTable *ht) //Complete the function stubs
needed to implement the operations
{
}
//-----------------------------------------------------------------------
// Function: Display Hash Table
//-----------------------------------------------------------------------
void display(HashTable *ht)
{
for (int i = 0; i < ht->size; i++)
{
int value = ht->t[i].e;
if (!value)
cout<<"Position: "<<i + 1<<" Element:
Null"<<endl;
else
cout<<"Position: "<<i + 1<<" Element:
"<<value<<endl;
}
}
In: Computer Science
A grinding wheel is initially rotating with an angular velocity 4000 rad/s when its motor is suddenly turned off. It comes to rest in 10 s. Through what angle did it rotate during the first second after the motor was turned off?
Please show work and Express answer in radians.
Thank you!
In: Physics
C++ Design and implement a program (name it ComputeAreas) that defines four methods as follows: Method squareArea (double side) returns the area of a square. Method rectangleArea (double width, double length) returns the area of a rectangle. Method circleArea (double radius) returns the area of a circle. Method triangleArea (double base, double height) returns the area of a triangle. In the main method, test all methods with different input value read from the user. Document your code and properly label the input prompts and the outputs as shown below. Sample run: Square side: 5.1 Square area: 26.01 Rectangle width: 4.0 Rectangle length: 5.5 Rectangle area: 22.0 Circle radius: 2.5 Circle area: 19.625 Triangle base: 6.4 Triangle height: 3.6 Triangle area: 11.52
In: Computer Science