In the context of symbolic consumer behavior, the group of products and services offered by party-party inc. is an example of a company that caters to the social and cultural meanings associated with parties and special occasions.
The company understands the importance of these events in people's lives and offers customized packages that allow customers to express themselves and their values through their choice of products and services. By doing so, party-party inc. taps into the symbolic value of parties and helps customers create meaningful experiences that reflect their personal identity and social belonging.
Therefore, symbolic consumer behavior, the group of products and services offered by party-party inc. is an example of a company that caters to the social and cultural meanings associated with parties and special occasions.
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what role did bankers play in the economy of jacksonian america?
Bankers significantly impacted Jacksonian America's economy, serving as financial intermediaries, and promoting credit expansion and investment.
During the Jacksonian era (1829-1837), the American economy experienced significant changes, including the growth of industrialization, westward expansion, and increased market activity. Bankers played a crucial role in facilitating economic transactions and supporting economic development.
Firstly, bankers acted as intermediaries between depositors and borrowers, providing a reliable and secure place for individuals and businesses to deposit their money and obtain loans for various purposes, such as expanding their businesses or purchasing land.
They helped channel savings and capital into productive investments, stimulating economic growth.
Secondly, bankers issued banknotes, which served as a form of currency and facilitated trade and commerce. These banknotes provided a convenient means of exchange and contributed to the growth of business transactions.
Lastly, bankers played a role in providing financial services, such as money transfers, facilitating long-distance transactions, and promoting economic integration across regions.
Overall, bankers in Jacksonian America played a vital role in promoting economic activity, facilitating credit and investment, and supporting the overall functioning and expansion of the economy.
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If no new shares are issued and none are bought back (while
creating a pro forma statement), is treasury stock just zero?
Yes, if no new shares are issued and none are bought back, the treasury stock balance would be zero in a pro forma statement. Treasury stock represents shares of a company's own stock that have been repurchased by the company and are held in its treasury. It is classified as a contra-equity account and is subtracted from the total shareholders' equity on the balance sheet.
If there are no repurchases of stock, there would be no treasury stock transactions to record, resulting in a zero balance. However, it's important to note that the absence of treasury stock does not imply that a company cannot have repurchased or issued shares in the past. The treasury stock balance may change over time based on the company's stock repurchase or issuance activities.
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Create a minimum of 10 questions that you will ask your potential marketing client in order to be able to create and develop an advertising campaign for them. Utilize the information in the focus section above and in your course lessons. You will need to gather information about their company and its values, the area of focus for the ad campaign, target market, and other pertinent information.
Answer:
1. Are you advertising to a specific group of people/ Who is your target audience?
2. How would you reach out to that audience/What emotions are you trying to trigger within their minds?
3. How would you justify your prices?
4. Is your idea viable in the current market?
5. How would you differentiate your goods and services from any other similar products in the industry?
These are just examples. Hope this helps!
Babble Co. signs a five-year installment note on January 1,2021. At which of the following dates would the carrying value be the lowest? A) December 31, 2022 C) November 30, 202.3 B) August 1, 2021 D) April 30, 2024
The carrying value be the lowest at the date of April 30, 2024 . Option D is the correct answer.
The amount owed by a business to a third party, like notes payable is the carrying value of an installment note. It is repayable by regular periodic installments throughout the term and It is issued as a promissory note. Each installment payment is of an equal amount and includes the interest payment calculated on the outstanding balance of the note and part repayment of the principal amount.
The carrying value of Babble Co.'s installment note would be lowest at the latest date among the options provided, which is April 30, 2024. This is because as time passes and more payments are made, the outstanding balance on the note decreases, resulting in a lower carrying value.
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Blue Spruce Corp. Has the following inventory data: July 1 Beginning inventory 126 units at $19 $2394 7 Purchases 441 units at $20 8820 22 Purchases 63 units at $22 1386 $12600 A physical count of merchandise inventory on July 30 reveals that there are 210 units on hand. Using the average cost method, the value of ending inventory is $4074. $4,326. $4,269. $4,200
The value of ending inventory using the average cost method is $4,200.
What is the ending inventory?In order to determine the ending inventory using the average cost method, the total cost of inventory would be divided by the total inventory bought. The average price would be multiplied by the ending inventory.
Average cost = $12,600 / (126 + 441 + 63) = $20
Ending inventory = $20 x 210 = $4,200
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Market failure associated with the free-rider problem is a result of.
Market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.
What is market failure?Market failure refers to a situation when there's an inefficient distribution of resources in the market.
Market failure occurs when the free market does not distribute resources efficiently. This leads to rational outcomes for the group as a whole.
Hence, market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.
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identify the value of the fixed cost
Answer: Take your total cost of production and subtract your variable costs multiplied by the number of units you produced. This will give you your total fixed cost. You can use this fixed cost formula to help.
Explanation:
An adjusting entry to record an accrued expense involves a debit to a(an):____.
a. expense account and a credit to Cash.
b. expense account and a credit to a prepaid account.
c. liability account and a credit to an expense account.
d. expense account and a credit to a liability account.
An adjusting entry to record an accrued expense involves a debit to a(an): c . liability account and a credit to an expense account.
What is accrued expense?Accrued expense can be defined as the expense amount that has not been paid for which is why accrued expense is refer to as a liability under account payable.
The appropriate adjusting journal entry to record accrued expense is:
Debit Liability account
Credit Expense
(To record accrued expense)
Inconclusion an adjusting entry to record an accrued expense involves a debit to a(an): c . liability account and a credit to an expense account.
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Which item does not appear on a statement of cash flows prepared by the indirect method?.
collections from customers does not appear on a statement of cash flows prepared by the indirect method.
What are collections from customers?A business uses the term collections to refer to money owing to that business by a consumer. When a consumer fails to pay the company within the periods stated, the bill becomes past due and is sometimes turned over to a collection agency.
the act or activity of gathering; data collection; tax collection anything specially gathered: a collection of artifacts amassed for the purpose of study, comparison, or exhibition, or as a hobby a collection of poems a group of photographs a collection of baseball cards
A collection is defined as a gathering of goods or people grouped together. A collection could be anything like someone collecting 500 baseball cards.
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1. What is the amount charged for failing to provide a Social Security number on your tax return?
A. $15.00
B. $50.00
C. $75.00
D. $35.00
Answer:
B. $50.00
Explanation:
The penalty for failing to supply the Social Security number when submitting tax returns is $50. The penalty may also apply when one fails to provide the SSN in statements or other documents being submitted to the tax agency.
how do contact lists differ from an address book?
Answer:
Contact lists contain more information about a person than an address book.
~faith
Explanation:
Hope you have a great day :)
Which business environment are SMEs part of? Micro, market,macro environment and why
Answer:
Micro-environment factors include internal factors i.e. customers, suppliers, competitors, etc. whereas macro-environment has external factors like political, social, economic, etc.

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Impact of consumer protection act on the marketing function
The impact of the consumer protection act on the marketing function is that Under this act, people are veritably happy because this act tells the people the right rate of the particulars, and all effects which help consumers to cover them from high request prices, fake prices of particulars, etc.
The Consumer Protection Act 68 of 2008( “ CPA ”) has introduced significant restrictions on the way suppliers are permitted to request goods and services from consumers. The CPA is designed to cover consumers before they enter into a sale and indeed if they don't eventually distribute with the supplier.
It helps people to get their rights, on the other hand, it's a big problem for the dealer because they don't get important profit due to the action of this act. It helps consumers veritably much in marketing work.
Consumer Protection Act provides Consumer Rights to help consumers from fraud or specified illegal practices. These rights insure that consumers can make better choices in the business and get help with complaints.
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all linear programming problems should have a unique solution, if they can be solved. Group of answer choices
True
False
"all linear programming problems should have a unique solution if they can be solved" is false
Not all linear programming problems have a unique solution. Depending on the constraints and objective function of a linear programming problem, it is possible to have different scenarios:
1. Unique Solution: Some linear programming problems have a unique optimal solution where there is only one feasible solution that optimizes the objective function.
2. Multiple Optimal Solutions: In certain cases, a linear programming problem can have multiple feasible solutions that yield the same optimal objective function value. These solutions are all equally optimal.
3. No Feasible Solution: There are instances where a linear programming problem has no feasible solution that satisfies all the constraints simultaneously.
Therefore, the statement "all linear programming problems should have a unique solution if they can be solved" is false. The existence and uniqueness of a solution in linear programming depend on the specific problem and its constraints.
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how much should be invested at intrest rate 6.5% per year componded continuously to have $3000 in two years
The cost of campaigning requires candidates to conduct extensive
activities.
O community service
O fund-raising
O illegal
O campaigning
Answer:
fund-raising
Explanation:
Running for a political office is an expensive affair. The candidate and political party require a lot of money to run a successful campaign. To raise funds needed to conduct campaigns, political parties and candidates organize fundraising activities and events.
Community service and campaigning are good platforms to woe voters but cannot generate funds to run for a political office.
Suppose you are employed and about to enrolled in philhealth. How will you evaluate reliability? What questions will you ask the compony?
Answer:
1. I will evaluate reliability by;
a. asking about the packages they offer
b. checking how long they have been in the business
c. interviewing other users to know how promptly they keep to processing claims
2. Questions I would ask the company include;
1. How competitive are you in the insurance industry?
2. What is your solvency like?
3. How capable are you to handle risks?
Explanation:
Philhealth is a national health insurance company in the Philippines that is meant to care for the insurance needs of people in the Philippines. They cater to several cadres of people which include;
the formal groupthe indigentsthe sponsored membersthe lifetime membersthe senior citizensand the informal economy.When an employer is offered health insurance under this platform, he would have to make the appropriate findings and ask the necessary questions such as the ones above before he becomes a client of the company.
Philhealth is an acronyms of Philippine Health Insurance Corporation
The Insurance co-operation provides service of Health Insurance which provides payment or reimbursement for one's health care costs as a result of surgeries, illness which makes one unable to work.I will evaluate the reliability of Philhealth by checking its review online and its financial record for the last year ended to asses its ability to afford compensation.
In conclusion, in the process of undertaking my Health Insurance policy, i will ask about the process to go through if any claim for heath insurance arises.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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in promoting macroeconomic stability, the government faces a trade-off between
The government faces a trade-off between inflation and unemployment in promoting macroeconomic stability.
What is macroeconomic stability?It corresponds to a situation where the economy is balanced, with low inflation and unemployment rates. To achieve this stability, macroeconomic policies must influence the government budget, interest rates, money supply and the labor market effectively to the objectives of the economy.
Therefore, macroeconomic stability is achieved when there is controlled inflation, with job creation and investment in a nation.
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2. A flexible tape with different type of measurements essential for taking
body measurements.
a. ruler
b. yard stick
c. hem gauge
d. tape measure
The ________ Guidelines offer boards some specifics regarding ways to mitigate eventual fines and sentences in carrying out duties by paying attention to ethics and compliance.
The Federal Sentencing Guidelines offer boards some specifics regarding ways to mitigate eventual fines and sentences in carrying out duties by paying attention to ethics and compliance.
The united states federal sentencing guidelines are for the united states. the sentencing commission has issued rules establishing a consistent policy for sentencing individuals and entities convicted of felonies and serious misdemeanors by u.s. federal courts.
Federal guidelines base penalties primarily on two factors are
The conduct associated with the offense (the offense conduct, produces the offense level).The defendant's criminal history (the criminal history category).The death penalty is a statutory sentence under the US federal criminal justice system. It may be imposed in certain cases such as treason, espionage, murder, mass drug trafficking, or attempted murder of a witness, juror, or court official.
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Shortly after the foreclosure sale, the man received a substantial inheritance. He approached the bank to repurchase the property, but the bank decided to build a branch office on the property and declined to sell. If the man prevails in an appropriate action to recover title to the property, what is the most likely reason
Answer:
statutory right of redemption
Explanation:
Statutory right of redemption is a certain amount of time given by states to previous mortgagors allowing them to raise the money to pay off the debts of their property and cancelling the mortgage. This allows the prior owner (mortgagor) to recover his/her property even after a foreclosure has been carried out. The time is set by the state and varies depending on the state. Some states do not allow this.
Sarah notices a sign in the window of a clothing store advertising a major sale on coats. realizing that she needs a new coat, sarah enters the store, chooses a coat that she feels represents good value for the price, and buys it. this stage in the exchange process is known as the _____.
Answer:
transaction
Explanation:
Transaction is the confirmation that an exchange has taken place. Before a transaction could be consumated, there must be at least two or more persons that are involved. Transaction means that a deal has been made such as receiving value for payment of product purchased.
With regards to the above, transaction is the right answer because after money has been exchanged with the products purchased, the confirmation that the exchange actually took place is transaction.
assuming no governmental reserve transactions, if the u.s. is running a $500 billion trade deficit, it is also running a:
Assuming no governmental reserve transactions, if the U.S. is running a $500 billion trade deficit, it is also running a capital account surplus of $500 billion.
The balance of payments consists of two main components: the current account and the capital account. The current account primarily reflects the balance of trade, which includes the export and import of goods and services. A trade deficit occurs when a country imports more than it exports. The capital account records the flow of investments and financial transactions between a country and the rest of the world.
The balance of payments must always balance, which means that if there's a deficit in one account, there must be an equal surplus in the other account. In this case, since the U.S. is running a $500 billion trade deficit (a negative balance in the current account), there must be an equal capital account surplus of $500 billion to balance the overall balance of payments.
This means that while the U.S. is importing more goods and services than it exports, it is also receiving more investments and financial inflows from other countries, which helps to finance the trade deficit.
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Andrew Reeson, aged 22, is about to begin his carrier as an economist for the Treasury. Being an economist, Andrew knows he should begin saving for retirement immediately. Part of his inspiration came from reading an article on retirement funding in the Australian Financial Rivew. The article indicated that the ratio of workers paying tax to retirees collecting pensions will drop dramatically in the future. In fact, the number will drop to two workers for very retiree by 2040. Andrew's retirement plan allows him to make yearly contributions, and it pays 9% interest annually. Upon his retirement at age 65 (in 43 years), Andrew plans to buy a new boat, which he estimates will cost him $300,000. He also estimates that in order to live comfortably he will require a yearly income of $80,000 for each year after he retires. Based on his family history, Andrew expects to live until age 80 (that is he would like to receive 15 payments of $80,000 at the end of each year). When he retires, Andrew will purchase his boat in one lump sum and place the remaining balance into an account that pays 6% annual interest, from which he will withdraw $80000 per year. If Andrew's first contribution is made one year from today and his last is made the day he retires, how much money must he contribute each year to his retirement fund? [15 marks]
Andrew must contribute approximately $2,826.31 each year to his retirement fund, considering a retirement age of 65, a boat cost of $300,000, a desired yearly income of $80,000 for 15 years, and interest rates of 9% and 6% for the retirement account and post-retirement account.
To determine the amount Andrew must contribute each year to his retirement fund, we can use the concept of present value of an annuity.
Given:
- Andrew plans to retire in 43 years and live until age 80, requiring 15 annual payments of $80,000.
- The retirement account pays 9% interest annually.
- After retirement, Andrew will place the remaining balance into an account that pays 6% annual interest, from which he will withdraw $80,000 per year.
- Andrew's retirement plan allows yearly contributions.
1. Calculate the future value of the retirement income:
Future Value = $80,000 * (1 - (1 + 0.06)^(-15)) / 0.06
Future Value ≈ $803,350.47
2. Calculate the present value of the retirement income at the time of retirement:
Present Value = $803,350.47 / (1 + 0.06)^(43 - 65)
Present Value ≈ $191,673.66
3. Calculate the present value of the boat cost:
Present Value = $300,000 / (1 + 0.06)^43
Present Value ≈ $62,694.12
4. Calculate the total present value of retirement needs:
Total Present Value = Present Value of retirement income + Present Value of boat cost
Total Present Value ≈ $191,673.66 + $62,694.12 ≈ $254,367.78
5. Calculate the required annual contributions:
Annual Contribution = Total Present Value / (1 - (1 + 0.09)^(-43))
Annual Contribution ≈ $254,367.78 / 0.09 ≈ $2,826.31
Therefore, Andrew must contribute approximately $2,826.31 each year to his retirement fund to achieve his retirement goals.
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1) Suppose you have a team of two workers: one is a baker and one is a chef. Explain why the kitchen can produce more meals in a given period of time if each worker specializes in what they do best than if each worker tries to do everything from appetizer to dessert. 2) A consultant works for $200 per hour. She likes to eat vegetables, but is not very good at growing them. Why does it make more economic sense for her to spend her time at the consulting job and shop for her vegetables? 3) What would be another example of a "system" in the real world that could serve as a metaphor for micro and macroeconomics? 4) Why do you think that most modern countries’ economies are a mix of command and market types? 5) What are the similarities between a consumer’s budget constraint a
Gustavo has lately been named the CEO of his company. Setting the strategic goals that his managers will reach is one of his tasks. Which of the following best exemplifies a strategic objective? Boost salesin one store by next month Create advertising materials to increase sales All of these Increase profitability foe all stores by 20% in the next two years Question 16 Brady has many yeats of management experiences and is an effective manoger at his workplace, As a manager, Brady focuses on motivating others to work in the best interests of the organization. Which of the four functions of management is Brady's focus? Orkanizing Controtionse Planning (is)ding Salvatore is interested in a positon as a first line manager. As a first line manager, Salvatore's primary activities include: Making decisions on acquiring other companies. Handling administrative duties. All of these Creating the ofganization's goals and strategy. After completing her associates degree from Valencia College, Charlotte selected the direct connect option and is now a student at UCF. She knows she has to make a decision on what major to choose at UCF. Using the rational decision-making model, what should Charlotte do first? Identify atternatives Evaluate alternatives Select best alternative Define the decision situation Question 20 Colette's new manager started this week. Her manager wants her to update the organization's strategy and eliminate any products that have low market share and low growth. In the BCG Matrix, products that have low market share and low growth are known as: Dogs Cash come Question marks Stans You are using an application and notice that it always crashes (closes unexpectedly) once you open the home menu. You reason that it is probably the result of a broken link to the menu and contact the application's customer support team. What management skills are you demonstrating? Conceptuai skils Communication skills Technical skills Diamostic skillsGustavo has lately been named the CEO of his company. Setting the strategic goals that his managers will reach is one of his tasks. Which of the following best exemplifies a strategic objective? Boost salesin one store by next month Create advertising materials to increase sales All of these Increase profitability foe all stores by 20% in the next two years Question 16 Brady has many yeats of management experiences and is an effective manoger at his workplace, As a manager, Brady focuses on motivating others to work in the best interests of the organization. Which of the four functions of management is Brady's focus? Orkanizing Controtionse Planning (is)ding Salvatore is interested in a positon as a first line manager. As a first line manager, Salvatore's primary activities include: Making decisions on acquiring other companies. Handling administrative duties. All of these Creating the ofganization's goals and strategy. After completing her associates degree from Valencia College, Charlotte selected the direct connect option and is now a student at UCF. She knows she has to make a decision on what major to choose at UCF. Using the rational decision-making model, what should Charlotte do first? Identify atternatives Evaluate alternatives Select best alternative Define the decision situation Question 20 Colette's new manager started this week. Her manager wants her to update the organization's strategy and eliminate any products that have low market share and low growth. In the BCG Matrix, products that have low market share and low growth are known as: Dogs Cash come Question marks Stans You are using an application and notice that it always crashes (closes unexpectedly) once you open the home menu. You reason that it is probably the result of a broken link to the menu and contact the application's customer support team. What management skills are you demonstrating? Conceptuai skils Communication skills Technical skills Diamostic skills
The best exemplification of a strategic objective among the options provided is "Increase profitability for all stores by 20% in the next two years."
A strategic objective refers to a specific and measurable goal that is aligned with the overall strategic direction of the organization. It focuses on achieving long-term success and involves making significant changes or improvements to drive the company forward.
In this case, the objective is to enhance profitability by a specific percentage across all stores within a defined timeframe. This objective aligns with the broader strategic goals of the company and reflects a comprehensive and impactful approach to improving financial performance.
Brady's focus on motivating others to work in the best interests of the organization aligns with the function of leading. As a manager, Brady is responsible for inspiring and guiding employees, fostering a positive work environment, and ensuring that individuals are motivated to contribute their best efforts towards the organization's success.
As a first-line manager, Salvatore's primary activities include handling administrative duties, which involve overseeing daily operations, coordinating tasks, and managing the frontline employees.
While decision-making on acquiring other companies and setting organizational goals and strategies are important managerial responsibilities, they are typically associated with higher-level management positions.
Using the rational decision-making model, Charlotte should first define the decision situation. This involves identifying the problem or the need for a decision, gathering relevant information, and establishing clear objectives for the decision-making process. Only after defining the decision situation can Charlotte proceed to identify alternatives, evaluate them, and select the best alternative based on the established criteria.
In the BCG Matrix, products that have low market share and low growth are known as "Dogs." These products have limited potential for growth and often require strategic decisions regarding their future, such as divestment or repositioning.
By reasoning that the application's crashing is likely due to a broken link and contacting the application's customer support team, you are demonstrating diagnostic skills. Diagnostic skills involve the ability to identify problems, analyze their underlying causes, and propose appropriate solutions or actions. In this scenario, you are diagnosing the problem and taking action to resolve it by reaching out to the customer support team.
In summary, among the provided options, the strategic objective that best exemplifies a long-term goal is to "Increase profitability for all stores by 20% in the next two years." Brady's focus on motivating others aligns with the leading function of management.
As a first-line manager, Salvatore's primary activities include handling administrative duties. Using the rational decision-making model, Charlotte should first define the decision situation. In the BCG Matrix, products with low market share and low growth are referred to as "Dogs." Contacting the application's customer support team to address the crashing issue demonstrates diagnostic skills.
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Alice has Perfect Substitutes preferences. She is indifferent between bundle (X = 20, Y = 5) and bundle (X= 10, Y = 30). What is her Marginal Rate of Substitution for X with Y? 2.5 0.4 -0.4 -2.5
Alice's Marginal Rate of Substitution for X with Y is 2.5. This means that she is willing to trade 2.5 units of Y for one unit of X. Here option A is the correct answer.
Alice's perfect substitute preferences mean that she is willing to substitute X for Y at a fixed rate, regardless of the relative prices of the two goods. This means that her Marginal Rate of Substitution (MRS) for X with Y is constant and equal to the rate at which she is willing to trade one unit of X for one unit of Y.
To calculate Alice's MRS, we can use the formula:
MRS = change in Y / change in X
Since Alice is indifferent between bundle (X = 20, Y = 5) and bundle (X = 10, Y = 30), we can calculate the change in Y and the change in X as follows:
change in Y = 30 - 5 = 25
change in X = 20 - 10 = 10
Plugging these values into the MRS formula, we get:
MRS = 25 / 10
MRS = 2.5
Complete question:
Alice has Perfect Substitutes preferences. She is indifferent between bundle (X = 20, Y = 5) and bundle (X= 10, Y = 30). What is her Marginal Rate of Substitution for X with Y?
A - 2.5
B - 0.4
C - -0.4
D - -2.5
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In Free to Choose, Milton Friedman makes the case that capitalism, i.e. free markets combined with governments that follow The Do Nothing Policy produce prosperity and freedom. In lecture, production possibilities frontiers were used to show the mechanism by which capitalism produces wealth, i.e. specialization according to comparative advantage and exchange.
The history of the 20th century is replete with examples of countries that have followed just such a policy of free market capitalism and experienced large increases in total and per capita wealth plus created stable peaceful political societies characterized by respect for individual rights and maximizing personal freedom, e.g. Japan, Taiwan, Korea, Singapore, and, until the communist Chinese takeover, Hong Kong. In the 20th century, countries that were already prosperous and free that continued choosing capitalist systems became more prosperous, e.g. the United States, Western Europe, Canada, and Australia.
A key feature of free markets is a level playing field where the rules apply to everyone whether they are rich, poor, powerful, or connected. The level playing field is sometimes referred to as the Rule of Law (ROL).
The ROL according to the Oxford English Dictionary is "The authority and influence of law in society, esp. when viewed as a constraint on individual and institutional behaviour; (hence) the principle whereby all members of a society (including those in government) are considered equally subject to publicly disclosed legal codes and processes."
The ROL can break down in two ways. First, rulers and their entourage can be held above and not be subject to the law or, second, immunity from the law can be bought. In either case, the ROL does not exist or, alternatively, that society has a corruption problem.
A conundrum of the “capitalism produces prosperity and freedom” policy are countries that have capitalist economies but haven’t produced much prosperity and are frequently but not exclusively characterized by bouts of politically based violence and oppressive abusive dictatorships, e.g. most middle eastern countries, most of South and Central America, Mexico, India, Russia, and until the last 20 years communist China.
In The Mystery of Capital, Hernando DeSoto addresses this conundrum and points out that adopting capitalism is required but not sufficient to produce U.S. and western European levels of prosperity and freedom. DeSoto argues that adopting capitalism isn’t enough. Countries have to choose a capitalist economic system, have ROL, plus do something else.
According to Hernando DeSoto, why are many 3rd world countries not getting rich even though they have ostensibly capitalist free market economies?
What is the something else these countries are missing?
Read Chapter 7, "Deng Perfects Socialism" and Chapter 5 'The Shanghai Gang" in The Party by Richard MacGregor.
In what sense and to what degree does Communist China meet DeSoto's requirement for a capitalist economy that will use free markets to create and equitably distribute wealth.
Does Communist China have a capitalist free market economic system where there is ROL and no corruption?
Explain with examples from The Party.
Requirements:
Your submission should be no less than 1000 words. Short papers will be penalized. There is no maximum length.
Proper grammar and effective use of English counts.
1. According to DeSoto, 3rd world countries like South America, which have capitalist economies but are not getting rich due to political crises and dictatorships.
2. The author also argues that more efforts is needed than just adopting the capitalist regime, it is essential to develop the system through strategic actions that guarantee ROL, and economic growth measures.
3. China has a Communist party with capitalist characteristics, for example, with the opening of the Chinese market, which constituted a great and rapid development in the productive and industrial system of the country.
What is the capitalist system?It is an economic system whose focus is an accumulation of wealth and profitability through private property and the means of production. It is based on the free market with less state intervention.
Therefore, the author argues in favor of capitalism and its positive characteristics for the economy, politics and society as a whole.
Find out more about capitalism here:
https://brainly.com/question/25879591
Your job is to cold call people and sell
them life insurance. You do some
research and find out that the life
insurance policy could be purchased
cheaper online. Your boss forbids you
to tell the customer this and expects
you to sign up at least 5 new
customers per day.
What will you do?
I believe I would be cheating customers if I don't do right by them. I would prefer to look for a new job than do something that is ethically wrong and against my morals.
As an employee, I would first try to figure out a way to do right by the customers and reduce the insurance fee. I would try to explain to my boss how we could benefit and increase our customer base if we reduce the fees.
If I fail at getting the price change. I would try looking for a new job that fits well with my morals. Till the time I get a new job, I would try working the same job and explaining to the boss.
What are cold calls: https://brainly.com/question/28052383
Cold calls to business for a new job: https://brainly.com/question/3700565
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