To determine who will bear the greater burden of the tax, we need to consider the price elasticity of supply and demand.
1. Price elasticity of supply (PES) measures how sensitive the quantity supplied is to changes in price. 2. Price elasticity of demand (PED) measures how sensitive the quantity demanded is to changes in price. If the PED is high, it means that consumers are highly responsive to changes in price.
In order to determine who bears the greater burden, we need to know the values of the PES and PED. The question did not provide these values. However, based on the information given, we can conclude that it depends on the relative values of the PES and PED.
To know more about tax visit:
brainly.com/question/30426504
#SPJ11
A fan base is, in most ways, quite similar to a customer base.
A. False
B. True
What caused the change in the yen's exchange rate? According to this graph, how has the yen's exchange rate changed?.
Answer: demand decreased
and
it has fallen
Explanation:
hope this helps <3
Decrease in demand has caused the change in the yen's exchange rate. Due to decrease in demand yen’s exchange rate has fallen.
What is exchange rate?The value of one country's currency in comparison to that of another or an economic region is known as the exchange rate. The majority of exchange rates are free-floating and fluctuate according to market supply and demand. There are some exchange rates that are restricted and not free-floating; instead, they are tied to the value of other currencies.
Exchange rates are typically either free-floating or set. Changes in the foreign currency market cause a free-floating exchange rate to rise and decrease. The value of one currency is linked to a set exchange rate. Spot rates, often known as cash values or market values, are one type of exchange rate that might exist. An exchange rate may also have a forward value, which is determined by predictions of the currency's future worth in relation to its current spot price.
Changes in the foreign currency market cause a free-floating exchange rate to rise and decrease. The value of one currency is linked to a set exchange rate. Spot rates, often known as cash values or market values, are one type of exchange rate that might exist. An exchange rate may also have a forward value, which is determined by predictions of the currency's future worth in relation to its current spot price. For example, USD stands for the United States dollar, while EUR stands for the Euro. EUR/USD is the currency pair that represents the dollar and the euro. It's USD/JPY, or dollar to yen, in the case of the Japanese yen. A conversion rate of 100 means that one dollar equals 100 yen.
One notable example of a nation with a restricted rate structure is China. The Chinese yuan is a currency that the government also controls. The Chinese government decides on a midpoint value for the currency each day, which gives the yuan a trading range of 2% from the midpoint.
To learn more about exchange rate, click here
https://brainly.com/question/879684
#SPJ2
Which describes the purpose of non-sufficient funds fees? A: penalize customers for writing checks for money they don't have
B:make sure customers keep sufficient funds in their account
C: pay for the costs of having bank employees
D: collect funds for withdrawals from a competitor’s machine
Answer:
A: penalize customers for writing checks for money they do not have
Explanation:
A bank reconciliation mainly computed by an accountant, gives the difference between the balance in relation to the bank statement and the cash balance with respect to the accounting records of the depositor in a particular financial institution.
In Financial accounting, a bank statement can be defined as an official summary or list of financial transactions, which typically comprises of the amount of money that has been paid into or withdrawn from an account by an individual or business entity over a specific period of time.
Generally, a bank statement usually has the following information charges, deposits, withdrawals, including the opening and closing balance for each account held at a given the period. Thus, bank customers are advised to frequently reconcile their records with bank statements in order to prevent non-sufficient funds (NSF) checks.
A non-sufficient funds (NSF) checks refers to a check that is not honored by the bank of the issuer due to the fact that the individual or business entity has an insufficient fund. It is also known as a bounced or bad check.
Hence, the purpose of non-sufficient funds fees is to customers for writing checks for money they do not have. In the United States of America, the fee charged for non-sufficient funds (NSF) checks is between $27 to $35.
In which categories did the Chung’s expenditures exceed the amount they had budgeted?
Answer:
There were four major expense categories in which a significant spending variance occurred through the third quarter in the Ongoing Operations component of the 2007 Corporate Operating Budget: Outside Services-Personnel expenditures were $28 million, or 21 percent, less than budgeted.
Explanation:
For the majority of millennials, the cost of paying off their student loans has wound up holding them back from living on their own, making major purchases like buying home and even being able to start a family…
Trade schools cost a fraction of what public and private schools cost. The average cost of vocational school comes out to around $33,000 – for the entire education. This the average cost of a single year of college.
–"The Financial Case for Trade School Over College," Mel Bondar, US News
According to the text, why is trade school more economical for some students? Select two that apply.
a). The cost of attending trade school is cheaper than the cost of a 4 year college.
b). Trade school graduates make more money than college graduates.
c). The cost of attending a 4 year college is offset by higher earnings in the long run.
d). Students who chose trade school over college often make better financial decisions.
e). Students who graduate from trade school have less debt than college graduates.
Answer:
A) The cost of attending trade school is cheaper than the cost of a 4 year college.
E). Students who graduate from trade school have less debt than college graduates.
Explanation: I just took the test on a virtual course and got it right. Hope this helps :)
Trade school more affordable for some students cost, according to the text A trade school is less expensive to attend than a four-year university. Thus option (a, e) is correct.
What is the cost?A cost is the amount of money that has been spent to produce something or provide a service and is thus no longer accessible for use. In business, the cost could be one of acquisition, in which case the money spent to obtain it is recognized as cost. In this situation, money is the input that is used to purchase the item.
If you set a goal of 5 jars of mayonnaise and only have 2 on hand, you know you need to order 3 more. Private expenses are the costs borne by the buyer of a commodity or service. This is also known as the costs associated with the firm's production function. External costs (also known as externalities) are the costs borne by people other than the buyer.
Therefore, Thus option (a, e) is correct.
Learn more about cost here:
https://brainly.com/question/15135554
#SPJ2
29.What are some potential difficulties that you might encounter when doing business in the Chinese market?
30.What actions could your company take to help improve your opportunities for success?
If the united states imports purses, then the quantity of purses produced in the united states will ___ and the quantity of purses purchased by consumers in the united states will ___
If the United States imports purses, then the quantity of purses produced in the United States will decrease and the quantity of purses purchased by consumers in the United States will increase.
Imports refers to the process of bringing goods or products from another country into the United States for consumption or sale. When the United States imports purses, it means that these purses are being sourced from foreign countries rather than being domestically produced.
This leads to a decrease in the quantity of purses produced within the United States since the demand is being met through imports.
On the other hand, the quantity of purses purchased by consumers in the United States increases because they now have access to a wider variety of imported purses from different countries.
Learn more about Imports here:
https://brainly.com/question/31765309
#SPJ4
An effective social media policy includes an element that
o prevents all use of social media during daytime hours.
o vaguely threatens employees who violate the policy.
o applies consistent standards across all social media networks.
o encourages anonymity when posting on social networks.
An effective social media policy includes an element that applies consistent standards across all social media networks. Therefore option C is correct.
What is Social Media?The phrase "social media" refers to a computer-based technology that makes it possible to share concepts, ideas, and knowledge through online groups and networks. Social media is internet-based and allows users to share anything quickly, including movies, images, documents, and personal information.
Users interact with social media using web-based software or applications on a computer, tablet, or smartphone. Despite being widely used in America and Europe, Asia, particularly Indonesia, leads the world in social media usage. By October 2021, there will be more than 4.5 billion users of social media.
Therefore option C is correct.
To learn more about Social Media follow the link.
https://brainly.com/question/29036499
#SPJ1
Investment A has a quarterly interest rate of 5%. Investment B has a monthly interest rate of 2%. Which investment has the lower EAR?
A
B
A=B
Investment B has the lower Effective Annual Rate (EAR) compared to Investment A.
The EAR represents the total annual interest rate, taking into account the compounding effect over a given time period. To compare the EAR of Investment A and Investment B, we need to convert their respective quarterly and monthly interest rates into an annual rate.
Investment A has a quarterly interest rate of 5%, which means it will compound four times a year. To convert this to an annual rate, we use the formula: EAR = (1 + r/n)^n - 1, where r is the quarterly interest rate and n is the number of compounding periods per year. Plugging in the values for Investment A, the calculation becomes: EAR = (1 + 0.05/4)^4 - 1 = 5.06%.
Investment B has a monthly interest rate of 2%, which means it will compound twelve times a year. Using the same formula, the calculation for Investment B becomes: EAR = (1 + 0.02/12)^12 - 1 = 2.02%.
Therefore, Investment B has the lower EAR of 2.02% compared to Investment A's EAR of 5.06%. This indicates that Investment B offers a lower effective interest rate on an annual basis, taking into account the compounding effect.
Learn more about Investment here: brainly.com/question/16781185
#SPJ11
Which of these exemplifies product placement?
A.
An advertisement for an electronics company
B.
A movie with a character who uses an iPad
C.
A TV show in which characters use cell phones
D.
An advertisement featuring a popular celebrity
Answer:
B, a movie with a character who uses an iPad.
Explanation:
Product placement is an indirect type of advertisement in which a product isn't directly advertised. It is increasingly becoming a form of advertisement these days because of the ease with which it is done.
Product placement can also be said to be embedded marketing. That is, the showing or referencing of a product in an unconnected way to another work or thing, e.g. tv, film, etc.
As in the qustion, a movie character using an iPad is doing embedded marketing for the iPad thus attracting the audience to purchase the product.
Cheers.
Answer:
B, a movie with a character who uses an iPad.
Explanation:
In this question, we study the consumption behavior of Alice. She views studying from the Goolsbee et. al textbook and the Pindyck and Rubinfeld textbook as perfect complements for each other.
1. Draw a set of indifference curves that plot her preferences over studying from these two books, where the price is the number of hours per chapter. Note: you will have to assume some ratio of prices.
2.Now assume that, while the two are perfect complements, the Goolsbee book is written less clearly than the Pindyck one, so that it takes one hours to read a chapter in Pindyck and two hours to read a chapter in Goolsbee. Assume additionally the chapters contain the same content. She has 20 hours of studying to allocate between the two books in preparation for the midterm. Given the information we know, how will she allocate her time? Show your answer graphically with a budget line (over number of chapters in each book on the x and y axes, respectively) and several indifference curves using the process of utility maximization.
Alice's consumption behavior involves considering her preferences for studying from the Goolsbee et al. and Pindyck and Rubinfeld textbooks. Her choices depend on the ratio of prices, which is the number of hours per chapter.
To analyze her consumption, draw indifference curves and plot the budget line, which represents the combinations of chapters Alice can afford. The utility-maximizing allocation of time depends on the specific shapes of the indifference curves and the budget line.
To analyze Alice's consumption behavior, we need to consider her preferences for studying from the Goolsbee et al. textbook and the Pindyck and Rubinfeld textbook. Since she views these two books as perfect complements, her consumption choices will depend on the ratio of prices, which in this case is the number of hours per chapter.
1. To plot Alice's preferences over studying from these two books, we can draw a set of indifference curves. Indifference curves represent different combinations of the two books that provide Alice with the same level of satisfaction or utility. The slope of an indifference curve represents the trade-off Alice is willing to make between the two books.
2. Now, let's consider the information given in the question. We know that the Goolsbee book is written less clearly than the Pindyck book, so it takes Alice two hours to read a chapter in Goolsbee and one hour to read a chapter in Pindyck. Additionally, both books contain the same content, and Alice has 20 hours of studying available for the midterm.
To determine how Alice will allocate her time, we can use the concept of utility maximization. Alice will allocate her time in a way that maximizes her utility, given her budget constraint.
To show this graphically, we can use a budget line. The budget line represents the combinations of chapters from both books that Alice can afford given her time constraint. The slope of the budget line reflects the ratio of prices, which in this case is the ratio of hours per chapter.
By plotting several indifference curves alongside the budget line, we can find the point where the budget line is tangent to the highest indifference curve. This tangency point represents the utility-maximizing allocation of time for Alice.
It's important to note that the exact allocation of time will depend on the specific shapes of the indifference curves and the budget line. Without further information, we cannot determine the precise allocation of time graphically. However, the process of utility maximization allows us to understand how Alice would make her consumption choices based on her preferences and the given constraints.
Know more about indifference curves here:
https://brainly.com/question/32705949
#SPJ11
Who are you voting in this years election and why?
i am a democrat so i will NOT be voting for trump. :)
Answer:
I am voting for Donald Trump in this election
Explanation:
suppose your income rises from $39,000 to $51,000, while the cpi rises from 122 to 169. your standard of living has likely
As my income rises from $39,000 to $51,000, while the CPI rises from 122 to 169, my standard of living has likely risen.
What is standard of living?The level of income, comforts, and services available is generally applied to a society or location rather than an individual. The standard of living is important because it is thought to influence an individual's quality of life.
A cost-of-living index would track changes in the amount of money consumers need to spend to reach a certain "utility level" or "standard of living" over time.
The CPI and a cost-of-living index would both reflect price changes in goods and services such as food and clothing.
Therefore, the standard of living increases when the income and CPI rises.
To learn more about standard of living, click here:
https://brainly.com/question/30263132
#SPJ1
As a general matter, banks are high leverage and low margin entities. Their capital levels are generally in the area of what percentage of assets?
As a general matter, banks are high leverage and low margin entities. Their capital levels are generally in the area of percentage of 8% assets under Basel III.
Investors view a bank's net worth or equity value as being the difference between its assets and liabilities, or bank capital. The asset component of a bank's capital is made up of cash, bonds, and loans with interest for e.g., mortgages, letters of credit, and inter-bank loans. The liabilities portion of a bank's capital includes loan-loss reserves and any outstanding debt. The amount by which creditors would still be paid if a bank had to liquidate its assets is known as capital.
Tiers of regulatory bank capital are established by Basel III. They are based on a bank's subordination and its capacity to absorb losses, with a clear separation between capital instruments used when the bank is still solvent and those used after it declares bankruptcy. The book value of common shares, paid-in capital, and retained earnings less goodwill and any other intangibles make up common equity tier 1 (CET1). CET1 instruments must be of the highest subordination and lack maturity.
To know more about Basel III, click here:
https://brainly.com/question/29979404
#SPJ4
the extra or additional output that is produced as a result of adding one more unit of labor or variable input is called the ______.
The extra or additional output that is generated by adding one more unit of labor or variable input is referred to as the marginal product. It represents the change in total output resulting from the employment of an additional unit of input, while keeping all other factors constant.
The concept of marginal product is a fundamental concept in economics, particularly in the analysis of production and input usage. It helps measure the productivity of inputs and provides insights into the relationship between input quantity and output quantity.
As more units of labor or variable input are employed, the initial increase in output tends to be significant, reflecting increasing marginal returns. However, as the input continues to increase, the additional output gained from each additional unit may diminish, leading to diminishing marginal returns.
Understanding the concept of marginal product is crucial for businesses and decision-makers. It enables them to assess the efficiency of resource allocation, make informed production decisions, and optimize input usage. By evaluating the marginal product of different inputs, firms can determine the optimal combination of inputs that maximizes output and minimizes costs, contributing to improved productivity and profitability.
To learn more about, variable, click here, https://brainly.com/question/15078630
#SPJ11
The mere existence of natural resources in a country does not contribute to economic progress unless some conditions prevail.state the condition
Answer:
ᴀꜱ ᴡᴀʀᴍ ᴀꜱ ꜱᴜɴ
ᴀꜱ ꜱɪʟʟʏ ᴀꜱ ꜰᴜɴ
ᴀꜱ ᴄᴏʟᴅ ❄️ ᴀꜱ ᴀ ᴛʀᴇᴇ
ᴀꜱ ꜱᴄᴀʀʏ ᴀꜱ ꜱᴇᴀ
ᴀꜱ ʜᴏᴛ ᴀꜱ ꜰɪʀᴇ
ᴀꜱ ᴄᴏʟᴅ ᴀꜱ ɪᴄᴇ
ꜱᴡᴇᴇᴛ ᴀꜱ ꜱᴜɢᴀʀ
ᴀɴᴅ ᴇᴠᴇʀʏᴛʜɪɴɢ ɴɪᴄᴇ
ᴀꜱ ᴏʟᴅ ᴀꜱ ᴛɪᴍᴇ ⌛
ᴀꜱ ꜱᴛʀᴀɪɢʜᴛ ᴀꜱ ʟɪɴᴇ ➖
ᴀꜱ ʀᴏʏᴀʟ ᴀꜱ ᴀ ᴀɴɢᴇʟ☺️
ᴀꜱ ʙᴜᴢᴢᴇᴅ ᴀꜱ ʙᴇᴇ
ᴀꜱ ꜱᴛᴇᴀʟᴛʜ ᴀꜱ ᴛɪɢᴇʀ
ꜱᴍᴏᴏᴛʜ ᴀꜱ ɢʟɪᴅᴇʀ
ᴘᴜʀᴇ ᴀꜱ ʜᴇᴀʀᴛ ❤️
ᴘᴜʀᴇ ᴀꜱ ɪ ᴡᴀɴɴᴀ ʙᴇ
Explanation:
XxxxxxxxxdFor what reasons would people pay close attention to what James said in a letter?.
Answer:
is this a Bible question?
The workplace has been on track towards digital transformation for years , but the covid-19 pandemic pushed companies to move to online communications. do you think companies will go back to traditional ways of communicating as global covid-19 cases keep dropping or will digital communication be maintained? support your answer with relevant evidence from research and examples.
No, The companies will not go back to traditional ways of communicating even though global covid-19 cases keep dropping. Yes, digital communication will be maintained.
Data communication, often known as digital communications, is the transfer and reception of data across a point-to-point or point-to-multipoint communication channel in the form of a digital bitstream or a digitized analog signal.
The messages produced by the source—which are typically in analog form—are transformed into digital format in a digital communication system before being transferred. The received digital data is transformed back to analog form at the receiving end, roughly reproducing the original message. Communication is more crucial than ever in today's digital environment. Digital communication has several advantages, including the capacity to interact with individuals from all over the world and the capacity to communicate more effectively and efficiently.
To know more about digital communication refer to:
https://brainly.com/question/18825060
#SPJ4
Dillards buys finished products and sells them for a profit to its customers. Dillards is a part of which type of market
The market consisting of wholesalers and retailers who buy products for resale purposes.
Dillards is a part the Reseller market.
What type of business is a reseller?A reseller business allows you to resell products bought from manufacturers to customers. The reseller dropship business model is affordable, making it a great option for new entrepreneurs. As a reseller, you're essentially the middleman between the manufacturer and customers.
What are resellers examples?Most resellers are retail organizations. These include grocery stores, department stores and specialty stores, such as home improvement or pet supply stores. There are many different types of retailers, from Wal-Mart to Macy's to the boutique on Main Street.
To learn more about the Reseller market, refer
https://brainly.com/question/25888151
#SPJ2
seasonal inventory allows a firm to maintain a smooth production flow throughout the year. group of answer choices true false
The statement, "Seasonal inventory allows a firm to maintain a smooth production flow throughout the year" is True.
What is seasonal inventory?Seasonal inventory can be defined as the practice of storing items, such as consumer products, materials, or commodities when they are in high demand and then selling them off when demand decreases.
It is an inventory management technique used by businesses to ensure they have enough stock to meet demand during peak periods and avoid overstocking during low periods.
What is production flow?Production flow is the process of taking a raw material and transforming it into a final product. It involves a series of sequential steps and activities that lead to the manufacture of a finished product. It includes all the stages of production, from the procurement of raw materials to the delivery of finished goods to the customer.
Seasonal inventory allows a business to keep its production flow consistent throughout the year by ensuring that enough raw materials are available to meet demand during peak periods. It also prevents overstocking during low periods, ensuring that the business maintains its profitability.
As a result, seasonal inventory management can help companies maintain a more efficient and cost-effective production process.
Hence, The statement, "Seasonal inventory allows a firm to maintain a smooth production flow throughout the year" is True.
Read more about Inventory at https://brainly.com/question/15118949
#SPJ11
Veronica was hosting a party for her pals but forgot to warn them that the far end of her deck had rotted and
was in drastic need of repair. Her friend Craig decided to admire the city skyline from the far end of her deck
and headed that way. The other guests heard a loud exclamation as Craig fell through the deck. Veronica is
liable to Craig under
fraud
O strict liability
battery
O negligence
Answer:
strict liability
Explanation:
just took the test
The following is a problem I have question on:
The University Eye Institute in Upper New York state is a state-of-the-art ophthalmology center that specializes in a sophisticated laser surgery to correct myopia. Current annual volume is 1000 operations. a major customer of the center is the United Health Insurance system. United currently sends the University Eye Institute 200 patients per year or 20% of the total. United pays $2,500 per operation as does every payor. The United Health Insurance Company is satisfied with the quality and service provided by the University Eye Institute and has proposed that they send the Center an additional 100 patients (operations) per year. United proposes that the fee be reduced to $2,000 for the additional 100 patients and for the prior 200 patients. Assume the fee paid by payors other than United Health remains the same.
a. What is the marginal revenue per patient if the proposal is accepted?
b. Wat is the marginal cost per patient if the proposal is accepted? Here are some cost data to help you answer part b).
c. Would you recommend that the proposal be accepted or not? Why?
My question is: would I use the equation MR=change in Total Revenue/change in Quantity to solve? thanks
Expert
The marginal revenue per patient would be $1,000. It would be important to consider the cost implications and determine if the increased revenue per patient outweighs the potential increase in costs.
To solve this problem, you would not use the equation MR = change in Total Revenue/change in Quantity.
a. To find the marginal revenue per patient if the proposal is accepted, you would calculate the change in total revenue when the number of patients increases by 100. The current annual volume is 1000 operations, with United Health Insurance sending 200 patients per year. If they send an additional 100 patients, the total number of patients would be 300.
The total revenue for 200 patients is $2,500 per operation, so the current revenue from United Health Insurance is 200 * $2,500 = $500,000.
If the proposal is accepted, the revenue from United Health Insurance would be 300 * $2,000 = $600,000.
Therefore, the marginal revenue per patient would be ($600,000 - $500,000) / 100 = $1,000.
b. To find the marginal cost per patient if the proposal is accepted, we need to consider the cost data provided. Unfortunately, the question does not provide any cost data, so it is not possible to calculate the marginal cost per patient.
c. To determine whether to recommend accepting the proposal or not, we would need to consider the financial implications. Since we do not have the cost data, we cannot perform a complete analysis. However, we can consider that the proposal would increase the revenue per patient by $1,000.
If the marginal cost per patient is lower than $1,000, it would be financially beneficial to accept the proposal. However, without the cost data, we cannot make a definite recommendation. It would be important to consider the cost implications and determine if the increased revenue per patient outweighs the potential increase in costs.
to know about marginal revenue visit:
https://brainly.com/question/33446428
#SPJ11
Douglas has a credit card with an interest rate of 11.05%, compounded monthly. He used his credit card to buy a new sofa, which cost $670 before the sales tax of 7.94%. Douglas paid off his balance by making equal monthly payments for three years. Assuming that he had no other purchases on his credit card, how much did Douglas pay in total for the sofa
Answer:
The amount financed is 670 x (1+0.0794) = $723.20
Next, find the monthly payments ...
P[ 1 - (1+0.1105/12)^(-12*3)] / (0.1105/12) = 723.20
P = $23.69/mo
Total payments = 23.69 x 36 = $852.84
Explanation:
Imagine you are an economic adviser to the Commonwealth Government. The Prime Minister wants to increase spending on public transport in major cities, but does not want to raise taxes. Identify alternative sources of revenue for the government to fund its new initiatives.
Answer: A combination of 1) Increased public transportation fees, 2) raise the gasoline tax, 3) increase or institute highway tolls, or 4) reduce the road construction budget and use that money for public transportation.
Explanation:
Actions 2-4 would provide incentives to use public transportation.
Please help!
State the purpose of the email in as concise a way as possible.
O True
O False
True...
Email is a good way of communication instead of the use of a phone call or text. Email is very convient to businesses and companies.
Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
for similar questions on CPP.
https://brainly.com/question/30142401
#SPJ8
Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36
Problem 1 Suppose a price searching firm can only charge one price to all of its customers. Also it has a flat marginal cost of $5. If MC increases to $6, how much will the price increase by? Problem 2 A local girls soccer team decides to sell chocolate bars to raise some money for new uniforms. The girls are to receive 10% of all the sales they make. Once the bars arrive the girls see that they have to sell each bar for $2.50. They think this price is too high. Are the girls being altruistic or is there something else going on? (Assume the girls face a downward sloping demand curve).
(1) If the price searching firm has a flat marginal cost of $5 and it increases to $6, the price will increase by $1. (2) The girls' perception that the price of $2.50 is too high does not necessarily indicate altruism.
Marginal cost refers to the additional cost incurred by producing one additional unit of a good or service. It is the change in total cost divided by the change in quantity. Marginal cost represents the cost of producing one more unit and is influenced by factors such as the cost of raw materials, labour, and other inputs.
It is likely a result of their understanding of the demand curve, which suggests that lowering the price could potentially increase sales and generate more revenue for their fundraising goal. By lowering the price, they anticipate a higher quantity demanded, allowing them to sell more chocolate bars and earn a greater portion of the sales as their 10% commission. This decision reflects their understanding of market dynamics and their goal of maximizing sales to raise more money.
To learn more about marginal cost, click here:
brainly.com/question/14923834
#SPJ11
Explain one disadvantage to a sole trader of having unlimited liability
A computer game that can be purchased online and played right away has good _____utility.
A. Form
B. Information
C. Value
D. Time
Career Cluster
If your dream is to be an elementary school teacher, the
might be best for you.
A. Education and Training
B. Human Services
C. Health Sciences
D. Training and Instruction
Answer: A
Explanation