There are four consumers willing to pay the following amounts for haircuts,

Gloria :$7 Jay: $2 Claire : $8 Phil: $5


and there are four haircutting businesses with the following costs:

The maximum possible total surplus is $55. Each firm has the capacity to produce only one haircut. For efficiency, how many haircuts should be given? Which businesses should cut hair and which consumers should have their hair cut? How large is the maximum possible total surplus?

Answers

Answer 1

Answer:

Following are the solution to the given question:

Explanation:

Please find the attachment file.

When there are 3 haircuts, demand, and supply trends cross. The price may range from $5 to $4. It is because, at a cost of around $4, 3 hairstyles were required, 3 are requested, and 3 are also given. Similarly, unless the price is 5 dollars, 3 haircuts are required, and 3 were provided.

Gloria, Emily, and Phil get the hairstyles at this cost, whereas companies A, C, and D are in the market Maximum TS = shady area from the production of demand = 11

There Are Four Consumers Willing To Pay The Following Amounts For Haircuts, Gloria :$7 Jay: $2 Claire

Related Questions

List and briefly describe three popular forms of ownership used in the lodging industry that allow for rapid expansion.

Answers

Answer:

Three popular forms are; Franchising, Management Contracts & Vacation Ownership. They are explained below

Explanation:

Three popular forms are; Franchising, Management Contracts & Vacation Ownership.

1) Franchising: This is a well-known marketing strategy that's used for business expansion and it's simply an arrangement whereby one party named the "franchisor" will grant or license some of it's rights and authorities to another party named the "franchisee".

It works such that a contractual agreement would be in place between Franchisor and Franchisee. In this agreement, the Franchisor will authorize the franchisee to sell their goods, products & services and give them rights to use their brand name & trademark.

2) Management contracts: This is simply an arrangement whereby the operational control of an entire enterprise will be vested by contract in a separate enterprise that will perform the necessary managerial functions in exchange for a specific fee. Now, management contracts are not just about selling a method of doing things but also about actually doing them.

3) Vacation ownership: This is a term used to refer to owning a timeshare.

Now, the mode of operation is usually a deeded ownership where we purchase a fraction of our favorite resort. The fraction is usually sold in weekly increments but then is also converted into points that can be used all around the world.

What collective name do we refer to: natural resources, labor, capital, education or know-how?

Answers

Answer:

Factors of production

Explanation:

The general name is factors of production. They are also the 'inputs' in the production process.

The factors of production are combined or put together for the productions of goods and services to happen.  The four factors include land, which represents the natural resources in this case.

Land refers to the space used to set up a business, and fertile lands used for agriculture, minerals, oil and gas, forest, and other natural resources.

Labor is the human input in production. It involves workers' knowledge, skills, strength, and time spent on the production process.

Capital is the money and assets used to start and maintain the business operation. It includes plant and machinery, equipment, building, factories used in making products for sale.

Know-how refers to entrepreneurship. It is the skills, willingness, and ability to put together and manage the other factors to produce goods.

What will most likely cause a lender to deny credit?
OA short credit history with high balances
O Possession of two credit cards
OA small amount of debt owed
OA historic credit score of 300

Answers

Answer:

A historic credit score of 300

Explanation:

A credit score is a numeric record that expresses the reliability of a borrower to repay loans. The credit score or credit rating is determined by, among other things, credit history, income level, and the individual's income to debt ratio.

Credit scores range between 300 and 850. 300 is the lowest and the poorest score. A score of 300 indicates that the borrower has a bad history of debt repayment. They are always late on repayments,  miss on installments, or have defaulted on loans. Lenders consider such persons as high-risk borrowers and are likely to deny them credit facilities.

Q1. While walking to the local electronics store, MusicLover ponders his desire for a high-end noise cancelling headset with soft leather earcups, and realizes that he would purchase it if it were priced at $150, or $180, or even $195, but not at $210. On arriving at the store, he finds that the product is priced at $170. He buys it! Based on this information, Which number is closest to MusicLover's reservation price or willingness-to-pay (WTP) for the headset

Answers

Answer: b. $200

Explanation:

A person's willingness-to-pay refers to the maximum price they would be want to pay for a good or service. For instance, if you refused to pay more than $25 for a jar of honey, your willingness-to-pay for the jar of honey is $25.

In this scenario, MusicLover will buy the headset if they are $195 but not if they are $210. His willingness to pay is therefore between $195 and $210. From the options, the only figure in that range is option B with $200.

Using the information below for Laurels Company; determine the manufacturing costs added during the current year:

Direct materials used $5,000
Direct labor 7,000
Total factory overhead 5,100
Beginning work in process 3,000
Ending work in process 4,000

a. $12,000.
b. $16,100.
c. $17,100.
d. $18,100.
e. $13,600.

Answers

Answer:

C. $17,100

Explanation:

The manufacturing cost for the year is computed as;

Manufacturing cost = (Direct materials + Direct labor + Total factory overheads) + Beginning work in process - Ending work in process

Direct materials

$5,000

Direct labor

$7,000

Total factory overheads.

$5,100

Direct manufacturing costs

$17,100

Add beginning work in process

$3,000

Less ending work in process

($4,000)

Total manufacturing costs

$16,100

Criblez Corporation has two divisions: Blue Division and Gold Division. The following report is for the most recent operating period:


Total company Blue Division Gold Division
Sales $431,000 $106,000 $325,000
Variable expenses 154,810 54,060 100,750
Contribution margin 276,190 51,940 224,250
Traceable fixed expenses 177,000 38,000 139,000
Segment margin 99,190 $13,940 $85,250
Net operating income $30,230

The Blue Division's break-even sales are closest to: _____

Answers

Answer:

The Blue Division's break-even sales are closest to  $276,212

Explanation:

Break even point is the level at which a firm makes neither profit nor loss.

Break-even sales (dollars) = Fixed Costs ÷ Contribution Margin

Where,

Contribution Margin = Contribution ÷ Sales

                                 = $276,190 ÷ $431,000

                                 = 0.64

Therefore,

Break-even sales (dollars) = $177,000 ÷ 0.64

                                            = $276,212

a local pet store, pais with pawa, donates a portion of every saleto pet rescues in its communitythis exhibits the company's​

Answers

Tucytdfydtyjdyrtydydjtyfususuudjddjjdjdj is a op team player who is played in the cteam league roster roster for the players roster for players who are players team player team player rankings for the teams players in team team plays fhgtjydjtyddtyjfytdyjtdykdytdtydktyditydktyddtykftf team player rankings for players for team players who are team players players who have qualified teams players for players who have qualified teams for the players players who played in

Carl Lester has liquid assets of $3,400 and current liabilities of $1,800.(a) What is his current ratio

Answers

Answer:

A. Current ratio = 1.9

B. A current ratio of 1.9 will be totally viewed as less than desirable.

Explanation:

(a) Calculation for What is his current ratio

Using this formula

Current ratio= Liquid assets / Current liabilities

Let plug in the formula

Current ratio= $3,400 / $1,800

Current ratio = 1.9

(b) The comment that best describes his financial position is that A current ratio of 1.9 will be totally viewed as less than desirable.

Randall owns and operates a successful landscaping company. His net profit income in 2019 was $209,000. What is the amount of SE tax he must pay

Answers

Answer:

Randall

The amount of SE tax he must pay is:

$22,540.60

Explanation:

a) Data and Calculations:

Net profit income for 2019 = $209,000

Self-employment tax:

First $132,900 * 15.3% = $20,333.70

Excess of $76,100 ($209 - 132,900) * 2.9% = $2,206.90

Total SE tax = $22,540.60

b) The IRS states that Randall's self-employment (SE) tax 2019 rate is 15.3 percent on the first $132,900 of his net profit income plus 2.9 percent on the net income in excess of $76,100 ($209 - 132,900).  It has been ascertained that being self-employed can significantly lower the tax bill. The self-employed can claim specific benefits, allowances, and reliefs if they are business expenses. These business expenses may include various office costs, advertising and marketing, and travel costs.

A person studying economics chooses to buy an economic textbook for their class, even though it means they cannot afford to buy a video game they want. This shows an understanding of

Answers

Answer:

d consequences and tradeoffs.

Explanation:

just took the test its d figured ill answer your question since you haven't been answered yet. good luck on your tests

Answer:

Explanation:D

Question 9 of 10
April has joined a team with members from the sales, customer service, and
shipping and receiving departments. Which term best describes the team
April joined?
A. Problem-solving team
B. Self-managing team
C. Cross-functional team
ОО
D. Work team
SUBMIT

Answers

Answer:

Cross functional team

Explanation:

blah blah blah blah

Write down the characteristics which had the highest poverty rate in 2016?

Answers

Answer:

Follows are the solution to this question:

Explanation:

The poverty rate is the proportion of those whose income falls below the poverty line, as well as, the official poverty level of 2016 was 12.7% when half of the median family income for the overall population. Below are the highest poverty level features in 2016:

Desire to share exposure to food and clean water. Entry to living standards or jobs is little to no. Conflict. The unfairness. Wretched schooling. The shift in the atmosphere. Transportation deficit. The government's limited capacity.

Watson's Computer Company expects to produce 2,250 computers. Watson's Computer Company also expects to use 13,000 parts and have 20 setups.The allocation rate for materials handling will be

Answers

Answer:

$4.00

Explanation:

Calculation for what The allocation rate for materials handling will be

Using this formula

Materials handling allocation rate=Material Handling/Expected parts to use

Let plug in the formula

Materials handling allocation rate=$52,000/13,000 parts

Materials handling allocation rate=$4.00

Therefore The allocation rate for materials handling will be $4.00

Pat decides to leave her job as an engineer to start a her own business. She estimates that her costs in rent, inventory, supplies, total $150,000. She will also give up her $80,000 salary as an engineer to work in her business. How much is her implicit cost

Answers

Answer:

Pat

Her implicit cost is:

$80,000

Explanation:

Pat's implicit cost is one part of the opportunity cost that arises when she utilizes her resources, knowledge, and skills toward a project or business without any explicit compensation for the utilized resources.  She will be giving up $80,000 from all salary as an employed engineer to start her own business.  She does not necessarily need to make a monetary payment for her implicit cost, unlike her explicit cost of $150,000.

A company reported average total assets of $1,240,000 in Year 1 and $1,510,000 in Year 2. Its net operating cash flow was $102,920 in Year 1 and $138,920 in Year 2. (1) Calculate its cash flow on total assets ratio for both years. (2) Did its cash flow on total assets improve in Year 2 versus Year 1

Answers

Answer:

A. Year 1 8.3%

Year 2 9.2%

B. Yes

Explanation:

(1) Calculation for its cash flow on total assets ratio for both years

Using this formula

Cash flow on total assets ratio =Net operating cash flow/Average total assets

Let plug in the formula

Year 1 Cash flow on total assets ratio=$102,920/$1,240,000

Year 1 Cash flow on total assets ratio=8.3%

Year 2 Cash flow on total assets ratio= 138,920/1,510,000

Year 2 Cash flow on total assets ratio= 9.2%

(2) Based on the above calculation YES it's cash flow on total assets improve in Year 2 versus Year 1

Give three examples of possible age-based conflicts in the workplace

Answers

Answer:
• Interdependence/Task-Based Conflicts
• Leadership Conflicts
• Work Style Conflicts

Hopes this helps!!

The Cornelius Company has an ROE of 14.4 percent and a payout ratio of 30 percent. What is the company’s sustainable growth rate?

Answers

Answer:

11.21%

Explanation:

Calculation for What is the company’s sustainable growth rate

Sustainable growth rate=ROE*b/1-ROE*b

Let plug in the formula

Sustainable growth rate=14.4%*(100%-30%)/1-=14.4%*(100%-30%)

Sustainable growth rate=14.4%*70%/1-14.4%*70%

Sustainable growth rate=0.1008/0.8992

Sustainable growth rate=0.11209*100

Sustainable growth rate=11.21% approximately

Therefore the Sustainable growth rate will be 11.21%

which trends are reshaping
the business, microeconomic and
microeconomic environments and
Competitive arena?​

Answers

I think Identify the different engineering activities/steps in the engineering design process for each steps,summarize in 1–3 sentences what happens during the step?

otal asset turnover 2.6 Profit margin 6.6 % Equity multiplier 1.5 Payout ratio 25 % What is the sustainable growth rate?

Answers

Answer:Sustainable growth rate =0.19305=19.305%

Explanation:

Sustainable growth rate is calculated as

Return on equity X (1 - dividend payout ratio)

But

Return on equity = profit margin X total asset turnover X equity multiplier

= 6.6% X 2.6 X 1.5

= 0.2574 X 100

=25.74%

The dividend payout ratio is 25% or 0.25

Sustainable growth rate =25.74% X (1-0.25)

=0.2574 X 0.75

=0.19305 X 100

=19.305%

A businessman wants to buy a truck. The dealer offers to sell the truck for either $120,000 now, or six yearly payments of $25,000.What is the interest rate being offered by the dealer in percentage (rounded to the closest integer number)

Answers

Answer: 6.77%

Explanation:

Based on the information given in the question, the following can be deduced:

Initial amount (PV) = $120000

Annual payment (PMT) = $25000

Number of payment period (NPER) = 6

Annual rate = Rate(nper, pmt, -pv)

= Rate(6, 25000, -120000)

= 6.77%

. In the nation of Foxystan, a $1000 increase in consumer spending typically causes GDP to rise by $5000. The marginal propensity to save in Foxystan is equal to

Answers

Answer:

Explanation:pog

Based on the amount of consumer spending and the change in GDP, the Marginal propensity to Save is 0.20

First find the GDP multiplier:

= Change in GDP/ Change in spending

= 5,000 / 1,000

= 5

The multiplier is also calculated as:

Multiplier = 1 / Marginal propensity to save

5 = 1 /  MPS

MPS x 5 = 1

MPS = 1/5

= 0.2

In conclusion, the MPS is 0.2

Find out more on Marginal Propensity to Save at https://brainly.com/question/17930875.

Which statement is true about the purpose of a Work-In-Process constraint?

a. It identifies possible constraints for Solution completion.
b. It helps analyze, approve, and track Portfolio Epics and Enablers
c. It captures where all new "big" ideas come from
d. It encourages collaboration and enables flow

Answers

Answer:

a. It identifies possible constraints for Solution completion.

Explanation:

Work in process limits or constraints represent the fixed constraints that implemented on kanban boards that helps in removing the wastage from the processes

In the given statement, the first statement is true as it identifies the possible constraints in order to complete the solution

Therefore the same is to be relevant

Hence, all the other options are wrong

Problems and Applications Q9 Indicate whether each of the following statements is true or false. Statement True False 1. There can be no gains from trade between two countries if one of them has an absolute advantage in the production of all goods. 2. Comparative advantage determines the gains from specialization and trade. 3. If a certain trade is good for one country, it can't be good for the other country. 4. Two individuals can benefit from specialization and trade if they agree upon a price that lies between their opportunity costs of producing the good. 5. When a country opens to trade, people working in industries producing goods that the country exports are harmed by the trade.

Answers

Answer:

1. FALSE

There can still be gains from trade if one country has an Absolute advantage in the production of all goods because having absolute advantage does not mean that it has comparative advantage. If they did have comparative advantage in all goods then there would be no gain.

2. TRUE

As shown in the explanation above, gains from trade are determined by comparative advantage. If a country has comparative advantage in a good, it can gain from trading for a good it does not have comparative advantage in.

3. FALSE

Trade can and should be mutually beneficial to both countries.

4. TRUE

If both parties agree to a price that lies between their opportunity costs, they can make gains because they would be making more than their opportunity costs.

5. FALSE

The country has opened up to trade which means that the good they export now has a larger market to sell to. This will be beneficial to the people in the exporting industry as they will sell more and thus make more money.

Write a report to senior management why you believe that a cloud-based B2B solution is best for your firm.

Answers

Answer

Hello, the question seems to be asking for one to justify why cloud-based B2B  solutions should be adopted rather than another kind of solution. However, the background leading up to this comparison, and the reason why we are justifying one of the solutions above another is not clearly indicated.

We can however make certain assumptions.

Assuming there was a loss of revenue by your company resulting from poor communication between the company and its supply chain, it could potentially lead up to the conversation where a solution is being contemplated.

Explanation

So if a cloud-based Business to Business solution is under consideration, here are possible reasons why the company can opt for the same.

A) Ease of Communication: It will give direct communication and access between your firm and its supply chain. Thus making for faster and real-time decision making. It will make the connection and collaboration between partner firms easier. It will also make building, and managing your partner business ecosystems easier.  

B) Cheaper Solutions: Cloud-based business to business solutions are more robust yet cheaper than having an inbuilt inhouse business solution.

C) Flexibility and Scalability: With a cloud-based solution, your company does not need to invest money in the acquisition and maintenance of permanent servers, systems, and storage capacity which all increase as the business expands. Instead, you can opt for more or less space or computing power with the service provider based on your organization's needs.  

Unlike owned B2B solutions, you cannot descale because that would mean selling off some of your hardware. But this is totally possible with cloud-based solutions.

D) Competitive Agility: It is important to note that many successful enterprises use cloud-based Business to Business solutions such as Asada, IBM, Basecamp, Descartes, etc. So to remain relevant within its industry, your company should consider the use of cloud-based B2B solutions.

E) Risk Reduction: When your company owns it's own IT infrastructure, there will always be the risk of having to deal with downtimes. This can happen due to Natural disasters such as floods, hurricanes, etc. There are also power outages or equipment failures etc. By outsourcing this component of your company's operation, the risks are also outsourced.

Cheers

How do venture investors adjust for the belief that entrepreneurs tend to be overly optimistic in their sales forecast

Answers

Answer:

Explained below

Explanation:

Entrepreneurs usually get to be too optimistic in their sales and also cash flow forecasts.

Now, venture capitalists and other seasoned external investors know that the ability to forecast sales, and even cash flows, accurately, tend to be inversely related to the firms position in its life cycle.

Generally speaking, the more difficult it is to accurately forecast sales, the greater the riskiness of the venture. Due to that, the venture capitalists and other seasoned external investors normally adjust for this added difficulty by making sure the expected value of the entrepreneur's sales forecasts is adjusted downwards or by use of higher discount rates in order to value the cash flows of the venture.

Alpha and Beta are partners who share income in the ratio of 1:2 and have capital balances of $34,200 and $88,500, respectively, at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $80,700. What amount of loss on realization should be allocated to Alpha

Answers

Answer:

Alpha and Beta

The amount of loss on realization that should be allocated to Alpha is:

$14,000.

Explanation:

a) Data and Calculations:

                                                Alpha    Beta         Total

Sharing ratio =                           1          :   2

Capital balances               $34,200   $88,500   $122,700

Cash balance =                                                     $80,700

Loss on realization = $42,000 ($122,700 - 80,700)

Loss sharing:

Alpha = $42,000 * 1/3 =  ($14,000)

Beta = $42,000 * 2/3 =                    ($28,000)

Cash refund                    $20,200   $60,500    ($80,700)

b) After sharing the loss (reduction in their capital balances against the available cash) in their profit and loss sharing ratios, their capital balances will be reduced by their respective amounts of loss.  Therefore, the cash each partner is entitled to will become equal to the cash available, as depicted above.

Assume the following information: Percent Complete Milling Department Units Materials Conversion Beginning work in process inventory 300 45 % 30 % Units started into production during March 5,900 Units completed during March and transferred to the next department 5,800 100 % 100 % Ending work in process inventory 400 40 % 45 % Using the weighted-average method, what is the equivalent units of production for materials

Answers

Answer:

Equivalent units of production for materials = 5960

Explanation:

Given:

Units transferred out = 5800

Units in ending inventory = 400

%age of completion for conversion = 40%

To calculate the equivalent units of production by using the formula:

Equivalent units of production for materials = units transferred out + ( units in ending inventory × %age of completion for conversion)

= 5800 + ( 400 × 40/100)

= 5800 + ( 400 × 0.4)

= 5800 + 160

= 5960

"Consider a C corporation. The corporation earns $2.5 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 50% of its earnings to its shareholders as a dividend. The corporate tax rate is 30%, the tax rate on dividend income is 20%, and the personal income tax rate is set at 28%. What are the shareholders earnings from the corporation after all corresponding taxes are paid

Answers

Answer:

$0.70 per stock

Explanation:

before tax corporate income = $2.50 per stock

after tax corporate income = $2.50 x (1 - 30%) = $1.75 per stock

distributed dividends = $1.75 x 50% = $0.875 per stock

since the tax rate on dividends is 20%, then the after tax gain earned by stockholders is $0.875 x (1 - 20%) = $0.70 per stock

Some dividends are taxed as long term capital gains (like these), which decreases the tax rate paid by stockholders. If they were taxed at the normal income rate, the tax rate would have been 8% higher.

A shipping company in the Northwest has heard rumors that a national rival is considering opening a warehouse in a nearby city. In response, the company is exploring ways to add customers. Which best describes with whom they should consult?


a transportation salesman in the Sales and Services career pathway
a logistician in the Logistics Planning and Management Services pathway
a reservation ticket agent in the Sales and Services career pathway
a transportation manager in the Logistics Planning and Management Services path

Answers

Answer:

I also think it is A

Explanation:

They should consult a transportation salesman in the Sales and Services career pathway. Thus, option A is correct.

What is logistics planning?

The organization of a supply chain as it relates to a business is known as logistic planning. It entails a company's evaluation of order quantities, transportation, and storage. Before getting to the final customer, products go through a number of phases after manufacturing. The likelihood of product damage is decreased, order fulfilment is made more efficient, and profits can be increased by lowering shipping and storage costs.

Because it involves tracking commodities, logistics stretch back as far as trade. The old ways entailed keeping analogue records and certifying goods with trade seals. The Internet of Things (IoT) and radio-frequency technology are two examples of modern techniques that rely on technology. A crucial element of most logistics is the capacity to keep track of products across the supply chain.

Therefore, we can conclude that option A is correct.

Learn more about Logistics Planning here:

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Panner, Inc., owns 35 percent of Watkins and applies the equity method. During the current year, Panner buys inventory costing $86,800 and then sells it to Watkins for $124,000. At the end of the year, Watkins still holds only $21,800 of merchandise. What amount of gross profit must Panner defer in reporting this investment using the equity method

Answers

Answer: $2289

Explanation:

First, we have to calculate the gross percentage which would be:

= (Revenue - Cost of goods sold) Revenue

= ($124000 - $86800) / $$124000

= 30%

Therefore, the amount of gross profit must Panner defer in reporting this investment using the equity method would be:

= ($21800 × 30%) × 35%

= $21800 × 0.3 × 0.35

= $2289

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I will give brainiest to whoever answers right!!An effective summary should begin with a sentence that contains the author's name, the title of the text, andA. the length of the original textB. the author's birth dateC. the date of publicationD. the main idea of the entire text what is least common multiple of 16 and 76 Does the VERB agree with the SUBJECT in this sentence?My friends have given me good advice.A.YesB.No Write any three differences between infectious and non- infectious disease please its aurgent Which expression is equivalent to that Is this table a function? Yes, because every y is matched with only one xYes, because every x is matched with only one y.No, because the table does not include the point (0, 0)No, because the table is not proportional. 5. __HCl + __NaOH-> __NaCl + __H2O6. __FeS + __HCl-> __H2S + __FeCl27. __C2H4 + __O2-> __CO2 + __H2OINEEDHELP anyone know the answer to this can you explain this to me Help, please. WILL GIVE BRAINLIESTA) (1.8,0.4)B) (2.2,0.1)C) (2.3 , 0)D) (2.6, -0.2) Jamie burned 480 calories in an exerciseclass on Monday. She took a different classthe next day and burned as manycalories as she did on Monday. How manycalories did she burn on Tuesday? If you were the President of the U.S.A right now, what would you do to reassure the citizens that our democracy is not lost, and that this scene at the US Capitol does not depict the future of America? make a short letter saying goodbye to 2020 Please help!! Thank you so much!! If you are considering a home site, what is one pretty sure evidence of possible landslides affecting the property Present the trigonometric relations of the ratios via,Pythagoras Theorem Is the equation y = x3 - 2 a linear equation? Identify the x- and y-intercepts of the equation4x - y = 8 Why was the pro good and the con bad? Was the Age of Exploration a good thing? Why or why not? these are the choices 108.788.5