The false statement of characteristics of array is arrays are equivalent with queries within an information system. Option a is correct.
Arrays are collection of homogeneous elements, i.e. data of the same data type. Every element of an array has a unique index that denotes its position in the array.
The false statement is arrays are equivalent with queries within an information system. This statement is false because the arrays can store a fixed amount of data, while queries are used to extract data from a larger data set. Thus, arrays and queries are not equivalent.
Therefore, a is correct.
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Easy Car Corp. is a grocery store located in the Southwest. It paid an annual dividend of $3.00 last year to its shareholders and plans to increase the dividend annually at the rate of 4.0%. It currently has 2,000,000 common shares outstanding. The shares currently sell for $19 each. Easy Car Corp. also has 20,000 semiannual bonds outstanding with a coupon rate of 10%, a maturity of 28 years, and a par value of $1,000. The bonds currently have a yield to maturity (YTM) of 7%. What is the weighted average cost of capital (WACC) for Easy Car Corp. if the corporate tax rate is 30%? When answering this problem enter your answer using percentage notation but do not use the % symbol and use two decimals (rounding). For example, if your answer is 0.10469 then enter 10.47; if your answer is 10% then enter 10.00.
Weighted average cost of capital (WACC) is the average rate that a company expects to pay to all of its investors and creditors to finance its assets.
In order to calculate the WACC, the weight of each capital component must be determined before multiplying the relevant cost by its weight. These weights are the proportion of each capital component that is used to finance the company's assets. WACC is expressed as a percentage and is used in the net present value (NPV) calculation to find the fair value of an investment or project.
The formula to calculate the weighted average cost of capital is:
WACC = ((E/V) * Re) + [((D/V) * Rd) * (1 - Tc))]
where
Re = Cost of equity
Rd = Cost of debt
E = Market value of the firm's equity
D = Market value of the firm's debt
V = Total market value of the company's capital
Tc = Corporate tax rate
This problem can be solved using the following steps:
Step 1: Calculate the cost of equity(Cost of equity) Re = Dividend per share/Current stock price + growth rate
Re = 3/19 + 4%Re = 0.1837 or 18.37%
Step 2: Calculate the cost of debt (Rd)
Current yield to maturity of the bond is 7%, so the cost of debt (Rd) is 7%
Step 3: Calculate the weight of equity (E)
Weight of equity (E) = Market value of equity / total market value
E = (2,000,000 shares * $19) / [(2,000,000 shares * $19) + (20,000 bonds * $1,000)]
E = 0.9968 or 99.68%
Step 4: Calculate the weight of debt (D)
Weight of debt (D) = Market value of debt / total market value
D = (20,000 bonds * $1,000) / [(2,000,000 shares * $19) + (20,000 bonds * $1,000)]
D = 0.0032 or 0.32%
Step 5: Calculate the tax rate
The tax rate is given in the problem as 30%.
Step 6: Calculate the WACC
WACC = (E/V) * Re + (D/V) * Rd * (1 - Tc)
WACC = (0.9968 * 0.1837) + (0.0032 * 0.07 * (1 - 0.30))
WACC = 0.1830 or 18.30%
Therefore, the WACC for Easy Car Corp is 18.30%.
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When inventory is not balanced or controlled it causes an organization to over-stock or under-stock merchandise. Either, could have various negative results on the business. This has a bearing on supply and demand and verifies the importance of effective inventory management. What could be the results if an organization did not effective manage inventory, and over-stock, and under-stock merchandise?
Inventory management is the process of ordering, storing, and utilizing an organization's inventory. When inventory is not balanced or controlled, it causes an organization to over-stock or under-stock merchandise. This can have various negative results on the business:
Overstocking results: When an organization overstocks its inventory, it can lead to high carrying costs, including rent, insurance, taxes, and staff costs. If the inventory is not sold before it becomes obsolete, it will lose value, and the company will lose money. Overstocking will also lead to the business taking up unnecessary space in its facility, which may result in costly rent for more storage or warehouse space.Understocking results: Understocking can result in lost sales. Customers will look for what they want elsewhere if an organization does not have what they are looking for. It also leads to stockouts, which can result in lost sales opportunities, lower customer satisfaction, and the cost of having to purchase stock at a higher price to fulfill orders that could have been filled from inventory. Furthermore, an organization could end up with higher freight costs due to ordering items in smaller amounts.To avoid the risks associated with understocking and overstocking, effective inventory management should be put in place. Effective inventory management requires businesses to have a firm grasp on demand forecasting, inventory counts, and product lead times, among other things.
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The town of Fairness has a law that says that wages should be high enough to ensure that all people can afford to buy enough food to feed their families. The law that sets food prices low enough to meet these requirements would be an example of a:
Answer:
Price ceiling
Explanation:
The price ceiling means the maximum price that is charged by the supplier to the consumer. If is not affected so it is above equilibrium price and in case when it is below than the demand is greater than the supply.
So in the given question, it is mentioned that the prices of food are set low that are sufficient to meet the requirement represent the price ceiling example
Which level of government are Planning workers most likely to work for?
A) state
B) federal
C) local
D) international
The level of government is Planning workers most likely to work for local. Thus, the correct option is (C).
A single sovereign state's lowest levels of public administration are collectively referred to as "local government" in the United States.
When the word "government" is used in this context, it explicitly alludes to a level of bureaucracy that is geographically confined and has a set of responsibilities.
A variety of essential services for residents and companies in certain areas are handled by the local government.
Therefore, the correct option is "C".
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nogrowth industries presently pays an annual dividend of $1.20 per share and it is expected that these dividend payments will continue indefinitely. if nogrowth's equity cost of capital is 10%, then the value of a share of nogrowth's stock is closest to . a) $9.60 b) $14.40 c) $13.20 d) $12.00
A share of Nogrowth's stock is worth about Share price equals $12. The yearly dividend paid by nogrowth industries is now $1.20 per share, and it is anticipated that these dividend payments will continue.
How Much Is Equity Worth?
Its cost of equity is the profit required by a company to assess whether an investment satisfies capital return requirements. Businesses usually use it as a ceiling for the required return on investment.
Where can you find equity cost?
Divide the annual dividends per share by the current stock price to obtain an estimate of the cost of equity, and then include the dividend growth rate. Comparatively, the capital asset pricing model takes into account the beta of the investment, the anticipated market return,
Briefing:
Value of share = Annual dividend / ( Required return - Growth rate)
Annual dividend = $1.20
Required return = 10%
Growth rate = 0
Now plus the values in the formula:
Value of share = Annual dividend / ( Required return - Growth rate)
Value of share = 1.20 / ( 10% - 0)
Value of share = 1.20 / 0.1
Value of share = 12
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Discuss the steps and process used to formally "close out" an IT
project and why a formal close out is necessary to an IT
project.
Formally closing out an IT project is a crucial step in the project management life cycle. It involves completing and documenting all project activities, ensuring that project objectives have been met, and transitioning the project deliverables to the operational phase. The following steps are typically involved in formally closing out an IT project:
1) Project Evaluation:
The first step is to evaluate the project's overall performance, including its scope, schedule, budget, and quality. This evaluation helps determine whether the project has achieved its objectives and identifies any deviations from the initial plan.
2) Deliverable Acceptance:
The project deliverables, such as software applications, infrastructure components, or documentation, should be reviewed and formally accepted by the stakeholders or client. This ensures that the deliverables meet the agreed-upon requirements and standards.
3) Documentation and Knowledge Transfer:
All project-related documentation, including project plans, requirements, design documents, test cases, and user manuals, should be properly organized and archived. Additionally, knowledge transfer sessions may be conducted to ensure the smooth transition of project knowledge to the operational team or maintenance group.
4) Financial Closure:
The project's financial aspects need to be addressed during the closeout phase. This involves finalizing all financial transactions, such as closing vendor contracts, settling outstanding invoices, and calculating the project's actual costs. Financial closure provides a clear picture of the project's expenditures and helps in future cost estimation.
5) Stakeholder Communication:
It is essential to communicate the project's closure to all stakeholders, including the project team, management, clients, end-users, and any external parties involved. The communication should highlight the project's achievements, lessons learned, and the next steps
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2. What do you think Alana's goals should be?
I think Alana's goal should be to create a budget that will make her save enough money to pay for all expenses.
What's plutocrat? Plutocrat is any item or empirical record that's generally accepted as payment for goods and services and prepayment of debts, similar as levies, in a particular country or socio- profitable environment.The primary functions which distinguish plutocrat are as a medium of exchange, a unit of account, a store of value and occasionally, a standard of remitted payment. What's significance of plutocrat? Plutocrat can not buy happiness, but it can buy security and safety for you and your loved bones. Mortal beings need plutocrat to pay for all the effects that make your life possible, similar as sanctum, food, healthcare bills, and a good educationLearn more about money here:
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Paul Swanson has an opportunity to acquire a franchise from The Yogurt Place, Inc., to dispense frozen yogurt products under The Yogurt Place name. Mr. Swanson has assembled the following information relating to the franchise: a. A suitable location in a large shopping mall can be rented for 3,500 per month. b. Remodeling and necessary equipment would cost 270,000 . The equipment would have a 15 -year life and an 18,000 salvage value. Straight-line depreciation would be used, and the salvage value would be considered in computing depreciation. c. Based on similar outlets elsewhere, Mr. Swanson estimates that sales would total 300,000 per year. Ingredients would cost 20% of sales. d. Operating costs would include 70,000 per year for salaries, 3,500 per year for insurance, and 27,000 per year for utilities. In addition, Mr. Swanson would have to pay a commiss2.14ion to The Yogurt Place, Inc., of 12.5% of sales.Required:(Ignore income taxes.)
(c) Compute the payback period on the outlet. If Mr. Swanson wants a payback of four years or less, will he acquire the franchise?
The payback period on the outlet is if Mr. Swanson wants a payback of four years or less then he will acquire the franchise for 3.2 years.
What do you mean by the term “simple rate of return”?The incremental net income anticipated from a potential investment opportunity, divided by the investment made in it, is the simple rate of return. To decide whether a corporation should invest in a fixed asset and any incremental change in working capital linked with the asset, the simple rate of return is employed in capital budgeting analysis. The project offers a straightforward rate of return of 8% (measured as $8,000 incremental net income / $100,000 investment), for instance, if a company can earn an incremental increase in its net income of $8,000 in exchange for a $100,000 initial investment.
Calculation:
Variable expenses:
Cost of ingredients (20% × $430,000) = $86,000
Commissions (14.0% × $430,000) = $60,200
Selling and administrative expenses:
Rent ($4,000 × 12) = $48,000
Depreciation:
$348,000 – $17,400 = $330,600
$330,600 ÷ 20 years = $16,530 per year.
2a . The formula for the simple rate of return is:
Simple rate of return =
Annual incremental net operating income upon Initial investment =
$91,470 upon $348,000 = 26.3%
2b Yes, the franchise would be acquired because it promises a rate of return in excess of 19%.
3a. The formula for the payback period is:
Payback period =
Initial investment upon Annual net cash inflow =
$40,000 upon $108,000*
= 3.2 years
*Net operating income + Depreciation = Annual net cash inflow
$91,470 + $16,530 = $108,000
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Which of the following would a recent journalism graduate most likely need to consider before taking a lower-level copyediting job at a major publishing conglomerate?
student loan debt
benefits package
potential for advancement
vacation time available
Answer:
potential for advancement
Explanation:
Answer:
Potential for advancement
Explanation:
the other three are important for all jobs, but specifically for conglomerates you are going to want to advance and eventually get better positions.
When you work for a conglomerate, each magazine will get its own editors as well as content to publish. But the workers still have to make sure what they put out there regards the policies, sales, and other factors of the company. A downside to conglomerates is that there are a lot of strict procedures and policies to follow to, and sometimes the general environment of one can be difficult. Working for a conglomerate means you should able to work with others, and help people come up with creative plans. You work with other people who are in the same field, and doing the work takes a lot of time and effort. You have to be flexible and creative, be able to communicate, as well as research a lot of things. There are benefits though in terms of being able to move up in your career, and advance through magazines getting good positions. There is also the pay that you get as well.
5. You can earn one of these by passing state licensing exams in certain professions. What document is this?
Answer: It depends on the profession. But for businesses, one of the documents earned by passing a state licensing exam to be a qualified financial advisor would be the Series 6 license.
Explanation:
To be a government-recognized financial advisor and to conduct business within the borders of that state, one must earn a Series 6 license, which allows one to begin a business with other clients or parties. This can later be upgraded to a Series 7 license. Both are administered by FINRA - the Financial Industry Regulatory Authority.
Along with the Series 6 and Series 7 licenses, one must also pass the Series 63 license, which tests a financial advisor on the state's laws and regulations. For those taking commissions, they must earn a Series 65 license.
if the foreign exchange rate is the price in foreign currency for a dollar, then the exchange rate quotes is called
If the foreign exchange rate is the cost of buying a dollar in a foreign currency, the exchange rate quote is known to as an indirect quote.
What is meant by foreign exchange rate?The rate at which one currency can be converted into another is known as the foreign exchange rate. Currency pairs are always traded on the foreign exchange market, and exchange rates always involve two different currencies. Almost 90% of all currency exchanges in 2019 involved the U.S. dollar, according to data from the Bank for International Settlements, a financial organization that serves as a bank to central banks all around the world.
Currency rate adjustments can have a significant impact on the investment power of various markets because businesses are establishing larger international relationships and investors. Investors must understand how their investment will alter as their currency fluctuates. Multinational corporations often prepare all of their financial statements in a single reporting currency. For instance, US businesses must generate a balance sheet, an income statement, and other reports in US dollars.
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In job order costing, the journal entry for the flow of direct materials into production consists of a group of answer choices debit work in process, credit materials debit work in process, credit supplies debit materials, credit work in process debit factory overhead, credit materials
In job order costing, the journal entry for the flow of direct materials into production is Debit work in process, credit materials.
When clients purchase discrete, tiny quantities of goods, a mechanism called job order costing is used. This approach establishes the cost of each particular product and makes sure that it is affordable enough for a client to buy it while yet enabling the business to turn a profit.
The cost of the partially finished products is tracked using the asset account known as the work-in-process inventory account. The value of the WIP inventory that was accessible at the beginning of the accounting period is included in the work-in-process inventory account.
Credit Materials are the references and attributions that include the appropriate symbols, graphics, and text that designate a Party as the creator of the Content (where applicable).
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3. What is an annual percentage rate (APR)? Describe one similarity and one
difference between the APR and the interest rate on a credit card or loan. Why
would the APR differ from a creditor's posted interest rate? In your response, also
explain how borrowers can use the APR to evaluate loan options, and describe why
borrowers should be wary of low introductory APRs. (8 points)
7
An annual percentage rate, or APR, is a figure that expresses the entire cost of borrowing money as a proportion of the loan's principle. An accurate picture of how much it costs to borrow money is intended to be provided by the APR on a loan or credit card.
What is annual percentage rate?The term annual percentage rate of charge refers to the interest rate for an entire year rather than just a monthly fee or rate as applied on a loan, home loan, credit card, etc. It can also be referred to as a nominal APR or an effective APR. It is an annual rate of a finance charge. An annual percentage rate, or APR, is a figure that expresses the entire cost of borrowing money as a proportion of the loan's principle. An accurate picture of how much it costs to borrow money is intended to be provided by the APR on a loan or credit card.
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Issued by corporations, these financial instruments give their holders a class ownership in a company. They are riskier than bonds but less risky than the general class of ownership.
following distance (the distance between the taxi and the lead car) was recorded. The sample mean following distance was 3.50 meters and the sample standard deviation was 1.13 meters. ( )m Interpret the interval. (b) What assumption must be made in order to generalize this confidence interval to the population of all taxi drivers in Greece? We need to assume that taxi drivers used in the study are all drive the same make and model car. We need to assume that taxi drivers used in the study are representative of all taxi drivers in Greece. We need to assume that taxi drivers used in the study are representative of all drivers who have used the simular We need to assume that taxi drivers used in the study are representative of all drivers in Greece. We need to assume that taxi drivers used in the study are all using the same mobile phone.
a) Interpretation of the interval is as follows: There is a 95% chance that the true average following distance of all the taxi drivers in Greece lies between 3.17 meters and 3.83 meters.
The following interval is obtained by using the formula for a confidence interval where the sample mean following distance is 3.50 meters, the sample standard deviation is 1.13 meters, sample size is 100, degrees of freedom (df) is 99, and t (value for 95% confidence interval) is 1.984 (obtained using t-distribution table). Thus, the interval is calculated as follows: $$(\bar{x}-t_{\alpha/2}\frac{s}{\sqrt{n}},\bar{x}+t_{\alpha/2}\frac{s}{\sqrt{n}})$$$$=(3.50-1.984\frac{1.13}{\sqrt{100}},3.50+1.984\frac{1.13}{\sqrt{100}})$$$$=(3.17,3.83)$$b)
The assumption that must be made in order to generalize this confidence interval to the population of all taxi drivers in Greece is that the taxi drivers used in the study are representative of all taxi drivers in Greece. Therefore, option B is correct. It is important to have a random sample of taxi drivers to ensure that the results of the study can be generalized to the population of all taxi drivers in Greece. If the sample is not random and representative, the results of the study cannot be applied to the population and it would not be valid to generalize the findings.
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which of the following is a disadvantage of the functional organization? the organization has difficulty utilizing resources across functions. team members lose access to a repository of functional or technical expertise. the sme assigned may not have the most appropriate knowledge or expertise for the project. resource balancing between projects can lead to friction.
The disadvantages of a Functional organization is C) The organization has trouble assigning resources to the colorful functions. The option c is correct.
A functional organizational structure is a platoon structure that separates workers into different departments grounded on areas of moxie. This type of structure is one of the most common in associations, particularly large pots where groups of workers are organized by function.
The business is broken up into a number of functional departments, each of which has workers who are trained to perform particular duties. Due to the fact that each group has its own distinct perpendicular operation structure, functional departments constantly operate in silos.
Question
What are the downsides of a functional association?
A) platoon members lose access to the depository of specialized or functional chops.
B) It's possible that the nominated SME does not have the most applicable design- related knowledge or experience.
C) The association has trouble allocating coffers to the colorful functions.
D) The adjusting of means between gambles can prompt strains.
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Many customers shop at Organic Foods because of the employees' extensive product knowledge. In a SWOT analysis, the employees' high levels of product knowledge are an example of the company's
Answer:
The answer is Strength
Explanation:
SWOT analysis stands for:
S - Strength
W - Weakness
O - Opportunity
T - Threat.
In the question, strength captures the scenario. Strength is a resource that can be used as a competitive advantage to attract customers. Customers see this strength and they are attracted by it.
Other examples can be, respect, creativity etc.
answer the two questions in the screenshot pls:
Answer:
One high end product I want to buy in the future is a thread ripper. It is a processor which is one of the reasons why a computer will run. It is like the heart, it makes all the components work
the customer will want to know that the product is one of the most expensive out there but it is defiantly worth the money. you have to have a good enough mother board to run the thread ripper though. You also need DDR 4 ram at least which makes the computer components work faster and gets rid of lag of course
Explanation:
Elon & Company had 3,000 units in finished-goods inventory on December 31. The following data are available for the upcoming year:
January February
Units to be produced 9,400 10,200
Desired ending finished-goods inventory 2,500 2,100
The number of units the company expects to sell in January is: Select one: O a. 9,900 O b. 9,400 O c. 8,900 O d. 6,900 O e. 11,900
The correct answer is option (a) 9,900 units. To determine the number of units the company expects to sell in January, we need to calculate the total units available for sale in January and then
subtract the desired ending finished-goods inventory for January.
Total units available for sale in January can be calculated as:
Beginning finished-goods inventory (December 31) = 3,000 units
Add: Units to be produced in January = 9,400 units
Total units available for sale in January = 12,400 units
Now, we need to subtract the desired ending finished-goods inventory for January, which is 2,500 units. So, the number of units the company expects to sell in January is:
Total units available for sale in January - Desired ending finished-goods inventory for January = 12,400 - 2,500 = 9,900 units.
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What is an Individual Asynchronous Communicator? And provide 2 examples of people who are like that
Answer:
asynchronous communication is when you send a message without expecting an immediate response. For example, you send an email. I open and respond to the email several hours later. You can choose anyone you know for the example of people who are like that part. <3
Explanation:
The person being interviewed is known as:
A. potential employee
B. employee
C. job applicant
D. interviewee
Answer:
D
Explanation:
The formula for food cost percentage (FCP) given selling price (SP) and food cost (FC) is: FCP = (FC / SP) x 100. What is the correct formula for selling price given food cost percentage and food cost?
The formula for food cost percentage (FCP) given selling price (SP) and food cost (FC) is FCP = FC/SP x 100.
What is selling price?The selling price is determined using the selling price formula and is used to sell the item for a specific cost. The selling price is the price the customer pays to purchase the good.
The cost a buyer incurs to purchase a good or service is the real selling price. This pricing includes a profit margin and is higher than the cost of the items.
If the buyer does not want to make a profit, the seller may choose to maintain the selling price close to the cost price. The amount a buyer pays for a good or service is known as the selling price.
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Suppose the market price of chicken wings in a university town recently increased. Economics students studying at the university are discussing potential causes of the price increase. One group of students theorize that the price increased because several wing joints in the area have recently gone out of business. Others claim the increase in the price of chicken wings is because of a recent decrease in the price of beer.
Everyone agrees that the decrease in the price of beer was caused by a recent decrease in the price of hops, which are not generally used in making chicken wings.
The first group of students claim the increase in the price of chicken wings can be attributed to the fact that several wing joints in the area have recently gone out of business.
This may explain the price increase, as the decreased competition in the economics market could lead to an increase in price.
What is economics market?Economics market is an environment where buyers and sellers interact in order to exchange goods and services for money. It is the basis for the study of economics, which is the study of the production, distribution, and consumption of goods and services. Markets can be divided into different types depending on the nature of the product or service being exchanged. The two primary types of markets are the perfect competition market and the imperfect competition market. Perfect competition markets are those in which all buyers and sellers are equal and have access to the same information.
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A private limited company failed. It owed £60,000 in debt. Simon had
£10,000 invested in the company and he had personal assets worth
£100,000. How much could he lose because the company failed? Use
whole numbers only. No pound signs or commas.
Answer:
£10,000
Explanation:
Simon is a shareholder in a private limited company. As a shareholder, he enjoys limited liabilities to the debts of the company. Limited liabilities means that his obligations to the debts of the business are limited to the amount of capital invested. Should the company fail in meeting its obligations, Simon's liabilities to the company will be a maximum of $10,000, which is the amount he invested.
The limited liabilities feature protects shareholders and investors in private limited companies and corporations from losing more than their contributed capital in case a business fails. Simon's personal assets of $100,000 will not feature in any way.
A complete product-market definition includes product type, customer needs, customer types, and _____
A complete product-market definition includes product type, customer needs, customer types, and geographic area.
The market where finished goods or services are sold to enterprises and the public sector is known as the product market in economics. It excludes trade in raw materials or other intermediate resources and instead concentrates on the selling of finished goods.
The market where a good or service is purchased and sold is known as a product market. A product market does not involve the selling of raw resources; instead, it concentrates on finished goods that are bought by domestic and international consumers, enterprises.
Product markets: Over the past ten years, countries have opened up their markets, enabling them to expand quickly. However, businesses still find it difficult to obtain reliable consumer data, particularly from people with low incomes.
Characteristics of product market are:
It could be physical or abstract.It includes related characteristics like brand, package, guarantee, etc.It has a market price.It has the capacity to meet the demands and desires of customers.Learn more about Product market here:
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Olivia has taken out a $13,100 unsubsidized stafford loan to pay for her college education. she plans to graduate in four years. the loan has a duration of ten years and an interest rate of 7.6%, compounded monthly. by the time olivia graduates, how much greater will the amount of interest capitalized be than the minimum amount that olivia could pay to prevent interest capitalization? round all dollar values to the nearest cent. a. $654.45 b. $477.27 c. $995.60 d. $354.22 please select the best answer from the choices provided a b c d
Answer:
a or 654.45
Explanation:
edge 2023
If you were a systems administrator for a data center, what steps would you take to create and manage a data center to store the maximum amount of valuable data with the minimum impact on the environment?
Answer:
As a system administrator, I would take the following steps :
1. Perform an energy audit to establish a baseline.
2. Choose environmentally friendly components as well as attributes.
3. Make Data Center Energy Consumption Lowering a priority.
4. Improve the cooling of data centers.
5. Create data centers that are modular.
Considering the impact of inflation, why is investing important?
Answer: An economic concept, the rate of inflation is important as it represents the rate at which the real value of an investment is eroded and the loss in spending or purchasing power over time. Inflation also tells investors exactly how much of a return (in percentage terms) their investments need to make for them to maintain their standard of living.
Explanation:
means that buyers who are willing and able to pay the market price for the product obtain its benefits, but those unable or unwilling to pay that price do not.
Excludability means that buyers who are willing and able to pay the market price for the product to obtain its benefits, but those unable or unwilling to pay that price do not.
Excludable items are personal goods, while non-excludable goods are public goods. for example, at the same time as all of us can use a public street, now not everybody can visit a cinema as they please. to go into one, someone needs to purchase a ticket, and their purchase of a price ticket excludes a person else because seating is constrained.
Both excludable and rivalrous, where the excludability method that manufacturers can save a few humans from consuming the best or carrier based totally on their potential or willingness to pay, and rivalrous shows that one man or woman's consumption of a product reduces the quantity available for consumption via any other.
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Which of the following is NOT a problem caused by monopolies?
Select one:
Low quality
Fewer new products
Poor customer service
More competition
Answer:
Poor customer service
Explanation:
Poor customer service
A problem that is not caused by monopolies is More competition.Thus the correct answer is D.
What is a monopoly?A monopoly refers to a situation when the market of particular goods and services is captured by a single entity or owner and restricts entry by controlling the activities.
They aim at limiting the amount produced for the market, which leads to charging more. This results in cutting back on economic welfare and consumer surplus.
As they are the single seller in the market which shows that there is no competition in the market, who challenges them. The problem of more competition is not caused by monopoly.
Therefore, Option D is appropriate.
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