When the government prevents prices from adjusting naturally to supply and demand, efficiency is improved in the economy. ANSWER: F TYPE: T KEY1: D SECTION: 2 OBJECTIVE: 7 RANDOM: Y [cxviii]. A market economy cannot possibly produce a socially desirable outcome because individuals are motivated by their own selfish interests. ANSWER: F TYPE: T KEY1: D SECTION: 2 OBJECTIVE: 7 RANDOM: Y [cxix]. While the invisible hand cannot guarantee efficiency, it is better at guaranteeing equity.
• the law of demand is invalid. • this situation has nothing to do with the law of demand. 4). A monopoly firm is different from a perfectly competitive firm in that: • A monopolist’s demand curve is perfectly inelastic whereas a perfectly competitive firm’s demand curve is perfectly elastic. • A competitive firm has a u-shaped average cost curve whereas a monopolist does not.
SEC believes that the removal of this item from Groupon results of operations creates a non-GAAP measure that is potentially misleading to readers. I agree with the SEC’s perspective of Groupon’s usage of ACSOI mislead the readers and its marketing cost should be considered as a recurring operating cash expenditure of the company. It is because according to CON6 characteristics of an expense is that actual or expected cash outflows or the equivalent that have occurred or will eventuate as a result
Question 1 of 19 5.0 Points One defining characteristic of pure monopoly is that: A. The monopolist is a price taker B. The monopolist uses advertising Correct C. The monopolist produces a product with no close substitutes D. There is relatively easy entry into the industry, but exit is difficult Answer Key: C Question 2 of 19 5.0 Points Which is a barrier to entry? A. Close substitutes B. Diseconomies of scale Correct C. Government licensing D. Price-taking behavior Answer Key: C Question 3 of 19 5.0 Points Other things equal, which reduces competition in an industry?
Unit 2: Business Resources P6- Controlling costs Introduction- the relationship between costs, revenue and profit. The importance of and the for controlling costs Costs- type of Financial techniques available in controlling costs Break even analysis (CPV) Cash flow forecast Budgeting and budgetary control Conclusion TR- TC= Net profit/ loss Cost must be controlled by all businesses no matter the size of the business even if it’s small or large. As there is a clear relationship between cost and revenue and results would have an impact on the profit within the business. When the cost increased the profit would decrease, as the business would have to pay more whereas less profit will be left. On the other hand if the cost is decreasing it would have positive impact on the profit as the profit will increase.
• the law of demand is invalid. • this situation has nothing to do with the law of demand. 4). A monopoly firm is different from a perfectly competitive firm in that: • A monopolist’s demand curve is perfectly inelastic whereas a perfectly competitive firm’s demand curve is perfectly elastic. • A competitive firm has a u-shaped average cost curve whereas a monopolist does not.
• the law of demand is invalid. • this situation has nothing to do with the law of demand. 4). A monopoly firm is different from a perfectly competitive firm in that: • A monopolist’s demand curve is perfectly inelastic whereas a perfectly competitive firm’s demand curve is perfectly elastic. • A competitive firm has a u-shaped average cost curve whereas a monopolist does not.
Analytical Essay Overall wellbeing, an extravagant lifestyle, and wealth all come to mind when I ponder the good life but what does the good life actually cost? At first glance, this seems like a loaded question that requires multiple dissertations in order to answer. I even contemplated whether or not the good life had a cost at all. Breaking the good life into separate topics relieves much of the stress when it comes to giving an answer. In terms of consumerism, the good life is damaging to the environment, places too much emphasis on money, and it dwindles the importance of non-market values.
Assignment #2 1) Improve the result from problem 4 of the previous assignment by showing that for every e> 0, no matter how small, given n real numbers x1,...,xn where each xi is a real number in the interval [0, 1], there exists an algorithm that runs in linear time and that will output a permutation of the numbers, say y1, ...., yn, such that ∑ ni=2 |yi - yi-1| < 1 + e. (Hint: use buckets of size smaller than 1/n; you might also need the solution to problem 3 from the first assignment!) 2) To evaluate FFT(a0,a1,a2,a3,a4,a5,a6,a7) we apply recursively FFT and obtain FFT( a0,a2,a4,a6) and FFT(a1,a3,a5,a7). Proceeding further with recursion, we obtain FFT(a0,a4) and FFT(a2,a6) as well as FFT(a1,a5) and FFT(a3,a7). Thus, from bottom up, FFT(a0,a1,a2,a3,a4,a5,a6,a7)
A simple example of this is the concept of that evil, deceptive tax cut. That same party will tell you that the only way to make money from taxes is to raise them until every rich patron of this country is paying an arm and a leg just to stay alive. Not only does this punish the rich for being rich, it is a form of socialism though it's redistribution of money in an attempt to reward the idle for doing nothing, and punish the busy for endeavoring to make money. Doesn't make much sense does