Voters are making a choice to spend money on three projects: a dam, a school, or a road. In the choice between the dam and the school, the majority favors the school. In a choice between a dam and a road, the majority favors a dam. In a choice between a road and a school, the majority favors a road. These rankings indicate that majority voting may:
a. Result in economically efficient outcomes because of rent-seeking behavior
b. Reflect irrational preferences
c. Produce inconsistent choices
d. Lead to consistent choices in spite of irrational community preferences

Answers

Answer 1

Answer:

c. Produce inconsistent choices

Explanation:

We can try to understand this in a mathematical way. If A is higher than B, and B is higher than C, then A should be higher than C. In other words, the school should have higher preference than the dam, and the dam has higher preference than the road, then the school should have higher preference than the road.

Since this is not the result here, we must conclude that the choices are inconsistent.


Related Questions

The quantity of pencils sold is 1000 at the unit price $0.5. Suppose the price elasticity of demand for pencils by the initial value method (also known as the simple elasticity formula) is 2, and you would like to increase the quantity sold to 1200. Then the new price for pencils must be

Answers

Answer:

$0.45

Explanation:

Given the following :

At a unit price of $0.5 :

Quantity sold = 1000 and price elasticity of demand = 2. If quantity sold is to increase to 1200, new price of pencils equals ;

Price elasticity of demand :

(% change in quantity demanded / percentage change in price)

% change in quantity demanded equals :

[(1200 - 1000) / 1000] * 100

(200/1000) * 100

0.2 * 100 = 20%

Therefore ;

Price elasticity of demand :

(% change in quantity demanded / percentage change in price)

(2 = 20% / % change in price)

% Change in price * 2 = 20%

% change in price = 20% / 2

% change in price = 10%

Old price = $0.5

Since quantity demanded increases, then the price of pencil has decreased

10% decrease in old price

10% of $0.5

(10/100) * $0.5

0.1 * 0.5 = $0.05

New price = $0.5 - $0.05

New price = $0.45

Pat starts a business called ValueCentral, the concept takes off, and the company has an IPO and goes public. The company is growing very rapidly and trying to keep up with customer demand. What type of dividend is this company likely to pay its stockholders

Answers

Answer:

Very small or no dividend

Explanation

Dividend is simply the distribution of profit made by company, firm e.t.c to its shareholders. Most startup company do pay little dividend due to the profit outcome but others do not. It is necessary to pay dividend to shareholders as it shows your devotion and commitment to look after and be in one mind with investors.

most companies that are just startups do not pay a dividend mostly during the early stage of growth. The revenue derived from startup is used to grow and develop the company and not to share with shareholders but sharing little is not bad a all.

redatory pricing refers to a. a firm selling certain products together rather than separately. b. a monopoly firm reducing its price in an attempt to maintain its monopoly. c. firms colluding to set prices. d. All of the above are examples of predatory pricing.

Answers

Answer:

b. a monopoly firm reducing its price in an attempt to maintain its monopoly.

Explanation:

The predatory pricing is the pricing in which the firm charged a lower price of products and services they are providing to the customers so that the competition would not be exist and the motive of this pricing is forcing other firms to leave the market

Therefore in the given situation, the option b is correct as it fits for the monopoly.

The purpose of the _____ stage of the new product development process of a company is to estimate costs and forecast sales for each idea to get a sense of the potential profit and of how the product might fit within the company's resources.

Answers

Answer:

reproducing cycle

Explanation:

i did it

Suppose farmers in a given market can either grow soy beans or corn on their land. In addition, suppose an increase in the demand for corn causes the price of corn to increase. All else equal, an increase in the price of corn creates an incentive for farmers to: Multiple Choice switch away from growing soy beans and into growing corn. grow less corn, but not change their production of soy beans. switch away from growing corn and into growing soy beans. grow more corn, but not change their production of soy beans.

Answers

Answer:

switch away from growing soy beans and growing corn

Explanation:

if the price of corn increases,it would be an incentive for farmers to increase their production of corn so as to increase their profits.

Moonglow Specialties, Inc., is currently trading at $20 per share. Recently, the company reported net income of $1 million. The company is capitalized with 200,000 common shares and $5 million of 20-year debentures with a coupon of 4%. Given the data, Moonglow's price-to-earnings (P/E) ratio is closest to

Answers

Answer:

P/E ratio = 4

Explanation:

the price to earnings ratio formula:

P/E ratio = stock's market price / earnings per share

earnings per share (EPS) = (net income - preferred dividends) / average outstanding shares

net income = $1,000,000

preferred dividends = $0

average outstanding shares = 200,000

EPS = $1,000,000 / 200,000 = $5

P/E ratio = $20 / $5 = 4

Which of the following factors, if any, is not a characteristic of independent contractor status? a.Workplace fringe benefits are not available. b.Services are performed for more than one party. c.Work-related expenses are reported on Schedule A (Form 1040). d.Receipt of a Form 1099 reporting payments received. e.None of these choices are correct.

Answers

Answer:

c. Work-related expenses are reported on Schedule A (Form 1040).

Explanation:

An independent contractor can be defined as a self employed individual or business entity that provides services or work for another for an agreed fee.

This ultimately implies that, an independent contractor is a non-employee of the organization he provides services or work for. Some examples of independent contractor are consultants, engineers, lawyers, accountants, auditors, doctors etc.

Hence, reporting work-related expenses on Schedule A (Form 1040) is not a characteristic of independent contractor status.

However, independent contractors are required by law to report income and expenses on Schedule C (Form 1040) and report all their profits or losses on Schedule E (Form 1040) in the United States of America.

Additionally, an independent contractor status suggests that workplace fringe benefits are not available, services are performed for more than one party and must have receipt of a Form 1099 reporting payments received.

An organization with a(n) _____ structure operates much like a multinational corporation, but subsidiaries depend on headquarters more for process and production decisions. Group of answer choices

Answers

Answer: International

Explanation: The International organizational structure adopts a somewhat central control policy which is used to manage and direct the affairs of multinational firms or corporation. Multinationals refers to businesses operating in more than one nation. The international structure ensures that the control division of the corporation handles affairs that has to do with international relations including organization, coordination and control by defining or outlining roles, responsibilities, chores and relationship within the the organization.

The Benson Bearing Company sells Textron, Inc. a quantity of baseball bats that were stored in an independent warehouse at the time of the sale. The contract says that Textron is to pick up the bats at the warehouse. The risk of loss passes to Textron:

Answers

Answer:

at the time it receives a negotiable warehouse receipt for the bats.

Explanation:

Benson Bearing Company is selling bats to Textron inc. The bats are stored at an independent warehouse not controlled by Benson Company.

Of the contract states that Textron will pick up the bats at the warehouse, the risk of loss passes to Textron when it recieved a negotiable warehouse reciept for the bats.

This is because the warehouse is not controlled by Benson Company and issuing a warehouse reciept is equivalent to delivering the goods to Textron.

Mike has a car accident and Maria saves his life. To show his appreciation, Mike gives Maria a life estate in one of the homes he owns. Maria lives there for a while and then accepts a job in another state so she gives the property to her sister Jackie in a lawful transaction. Jackie owns the property until:

Answers

Answer:

Jackie owns the property until Maria dies

Explanation:

In this specific scenario, Jackie owns the property until Maria dies. That is because, in common law and statutory law, a life estate also known as life tenancy is defined as the ownership of land for the duration of a person's life. Therefore since Mike granted life estate to Maria and not Jackie, the land is legally Maria's to do as she wishes up until the moment of her death. Once this comes to pass the land ownership is returned to Mike.

Which of the five Rs of good governance in sport refers to systems that report organizational governance structures, constitutions, legal control mechanisms, event selection criteria, and codes of eligibility, conduct, and ethics?

Answers

Answer: Regulations

Explanation: Regulations as related to good governance in sports encompasses the structural and most of the non-technical requirements and injunctions required to maintain a good organizational structure. It may be explained as a management skeleton or framework which is very paramount in the orderly control and Maintainace of any organized body. The legal processes and procedures, ethical standards, code of conduct. The other R's include rules, ranking, records and result.

According to noted economist Thomas Piketty rev: 10_02_2018_QC_CS-138299 Multiple Choice top executives are entitled to any level of pay they can negotiate with their board of directors. the annual pay for top executives should include a small guaranteed salary and should include a very large bonus in years where the firm earns higher profits than competitors. all bonuses paid to CEOs should be tied to long-run increases in market share. the income inequality between the salary of company CEOs and the average salary at the company is harmful and unnecessary.

Answers

Answer:

the income inequality between the salary of company CEOs and the average salary at the company is harmful and unnecessary.

Explanation:

Thomas Piketty is classified as an extremely social economist along with Joseph Stiglitz and Paul Krugman. Some confuse them as liberal economists, when they are actually against liberal or neoclassical economies. The three of them are famous for promoting economic fairness and equality. E.g. Piketty opposes extremely high CEO salaries while low level employees earn wages that are dangerously close to the minimum wage. He believes that this type of management practices are unsustainable and damage the economy in the long run.

Personally, I believe that the most important sector of the economy is the middle class and that the larger the middle class, the better.

Taki works for a start-up company that is highly centralized and its employees are not allowed to wear headphones while working. However, the company offers a flexible work schedule, free childcare, and free yoga classes. These rules and perks describe the company's ______.

Answers

Answer:

organizational culture

Explanation:

Organizational culture can be defined as the beliefs and culture of an organization that helps in the establishment of the structure and strategy to run the organization. These cultural beliefs and ideas help the employees understand and work according to the desired thoughts of the organization. They know the ways to deal and behave in accordance with the organizational values.

In the given excerpt, the rules and regulations that Taki's start-up company has, are said to be the organizational culture of the company. The flexible work schedule, free childcare, and free yoga classes are some of the rules and regulations.

The degree to which firms should segment their markets depends on the balance the firm wants to achieve between the added perceived customer value that segmentation can offer and its ___________.

Answers

Answer:

Cost

Explanation:

SEGMENTATION can be defined as the process or ways of dividing or segmenting business market into groups or parts based on the types of features or characteristics they shared which is why MARKET SEGMENTATION is important and vital to company or organisation because it enable them to easily target the people or individual that are likely to be satisfied with their product.

Hence, For a firm, company or organisation to segment their markets it will depends on the balance that the company or organisation wants or desire to achieve between the customer value that the market segmentation can offer and its COST.

Bay Beach Industries wants to maintain their capital structure of 40% debt and 60% equity. The firm's tax rate is 34%. The firm can issue the following securities to finance the investments:
Bonds: Mortgage bonds can be issued at a pre-tax cost of 9 percent. Debentures can be issued at a pre-tax cost of 10.5 percent.
Common Equity: Some retained earnings will be available for investment. In addition, new common stock can be issued at the market price of $46. Flotation costs will be $3 per share. The recent common stock dividend was $3.60. Dividends are expected to grow at 6% in the future.
What is the cost of capital using debentures and external equity?
a. 10.96%
b. 13.12%
c. 11.30%
d. 11.69%
e. 11.35%

Answers

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b

c. 11.30

Importers Direct arranged to have a French winery ship a large quantity of fine wine to the United States. By signing a(n) ______________, Importers Direct authorized its bank to make full payment to the French winery if and when the wine arrives at the Importers Direct warehouse in Philadelphia.

Answers

Answer: letter of credit .

Explanation:

A letter of credit is known as

a trade finance mechanism also known as "letter of undertaking" used as a guarantee document that the payment of goods and services will be fulfilled between a seller and a buyer.It is also known as documentary credit or a bankers commercial credit.

Hence, Importers Direct arranged to have a French winery ship a large quantity of fine wine to the United States. By signing a letter of credit , Importers Direct authorized its bank to make full payment to the French winery if and when the wine arrives at the Importers Direct warehouse in Philadelphia.

_ are best described as the ethical standards and norms that govern the behavior of individuals within a firm. Organizational core values Corrective controls Job descriptions Customs duties

Answers

Answer:

organisational core values

If the economy is hit by a negative real shock that raises inflation and unemployment, which fiscal policy action should the government take in order to keep inflation and unemployment stable?

Answers

Answer: There is no fiscal policy action that can keep the inflation and unemployment stable.

Explanation:

If there is a negative real shock such as an oil crisis, it will be hard fir the affected economy to adjust and be stable.

A negative real shock will lead to a reduction in growth and a rise in inflation. Even in cases whereby there is an increase in the money supply, this will lead to a rise in real growth but the result will be that there will be an higher inflation

Therefore, there is no fiscal policy action that can keep the inflation and unemployment stable.

Hannigan Lumber employs 155 workers. One of the firm's former employees used the Civil Rights Act of 1991 to file and win a discrimination lawsuit against Hannigan Lumber. What is the maximum amount of punitive damages that the former employee could receive

Answers

Answer: $100,000

Explanation:

The Civil Rights Act of 1991 prohibits every form discrimination in organizations that are based on religion, race, gender, color, or ethnic considerations.

Since Hannigan Lumber employs 155 workers, if one of the firm's former employees used the Civil Rights Act of 1991 to file and win a discrimination lawsuit against Hannigan Lumber, the maximum amount of punitive damages that the former employee could receive will be $100,000.

This is because according to the law, an employer that has employees of about 101-200 workers will pay demages of $100,000 if a discrimination lawsuit is won.

________ determines the point at which the sum of carrying costs and ordering costs are minimized, or the point at which carrying costs equal ordering costs. Group of answer choices Reorder point Economic Order Quantity When to order Inventory turnover

Answers

Answer:

Economic Order Quantity

Explanation:

The economic order quantity is the quantity at which the ordering cost and the carrying cost is minimized and equivalent to each other. It is the quantity that should be purchased by the company so that the cost of ordering and the holding cost could be less

The formula to compute it is shown below:

[tex]= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}[/tex]

Hence, the correct option is b i.e. economic order quantity

The Federal Deposit Insurance Corporation: Question 7 options: a) has eliminated bank failures. b) insures all demand deposits without limit. c) insures all demand deposits up to $100,000. d) includes commercial banks and state-chartered banks as its members.

Answers

Answer:

D

Explanation:

The federal deposit Insurance Corporation is an independent federal agencies that insures deposit in banks against any bank failures. It includes commercial banks and state chartered banks as its members.

In order to ensure that bank failures are prevented , the FDIC monitors the operational safety and effectiveness of members bank . This insurance is limited to $250,000 per depositor per bank and it covers only the depository account like the checks and savings account.

After much discussion, Chad finally agrees to go to the opera with his wife. As they are finding their seats he says, sarcastically, "Yeah, this is going to be a lot of fun* This is an example of which conflict style?
a. avoidance
b. assertion
c. compromise
d. direct aggression
e. passive aggression

Answers

Answer:

e. Passive aggression

Explanation:

Passive aggressive behaviors can be defined as a type of behaviour which a person or an individual exhibit , which makes such person to express their negative feelings through their actions or by being indirectly aggressive instead of handling their feelings directly which is why a person or an individual with this type of behaviour often have resistance to requests by acting stubborn reason been that such person may feel angry or frustrated and act neutral, and then find an indirect ways to show how they really feel instead of communicating directly.

Secondly a person which PASSIVE AGGRESSIVE BEHAVIOUR will often posses this type of trait such as Trying to play the victim when issue arise, making excuses, blaming others for their action, hiding their anger, Trying to avoid direct communication just as in the case of Chad.

Therefore based on the information given about Chad,This is an example of PASSIVE AGGRESSION conflict style.

Darren notices that many people viewed specific products on his website without purchasing them. He creates a Google Display Ad to drive sales of those exact products. Which option will best suit Darren's marketing goal?

Answers

Answer: Dynamic remarketing

Explanation:

Dynamic Remarketing is when ads are shown to the people that have earlier used or ones mobile app or visited ones website. The contents shown will be related to what the user checked out on the website earlier.

Since Darren’s marketing strategy is to target the people who had previously used the website without buying the product, Dynamic Remarketing will be used.

Agencies of redistribution a. comprise the welfare, fiscal, and monetary agencies responsible for transferring hundreds of billions of dollars annually. b. focus in part on banks, credit, and currency, but avoid taxing and spending activities. c. are exemplified in the Federal Reserve System, the Treasury Department, and the Social Security Administration. d. are responsible for the regulation of economic and social affairs.

Answers

Answer:

a. comprise the welfare, fiscal, and monetary agencies responsible for transferring hundreds of billions of dollars annually.

Explanation:

Agencies of redistribution comprise the welfare, fiscal, and monetary agencies responsible for transferring hundreds of billions of dollars annually.

Examples of the agencies of redistribution in the United States of America are the Social Security Administration and Federal Reserve System is saddled with one responsibility such as promoting the citizen's well-being.

Divina Pharma Inc. and MF Electronics Inc. have together invested and created a new organization, FirstHealth Inc. to focus on developing diagnostic devices. Through this new firm, both companies are attempting to combine their core competencies to innovate and reduce their risks associated with transaction- -specific investments. However, the new organization operates independent of Divina Pharma and MF Electronics. Which of the following alternatives to integration does this scenario best illustrate?
A. a joint venture
C. a licensing contract
D. a corporate acquisition

Answers

Answer: A.) a joint venture

Explanation: A joint venture could be explained as a collaboration of resources involving to or more parties to fund or begin a new venture or business. This newly created venture does not have anything to do with previously owned business belonging to either of the collaborating parties. In the scenario above, Divina Pharma Inc and MF Electronics Inc. both pooled resources together to form a joint Venture named FirstHealth Inc. aimed at tackling a specific business problem. However, the collaboration does not mean both Divina and MF are now together as both are independent companies.

If my friend asks me for 20 dollars i said tommorow you have to give me 25. IS THIS BIG BRAIN

Answers

Answer:

kinda

Explanation:

You'll obviously expect a little interest .

If i were you though i'll give the person up to 3 days to pay back before adding a little interest to it.

PLEASE add your loving THANKS

Martha is a 40 percent partner in the MMM Partnership, with an outside basis of $50,000. MMM distributes $40,000 cash and accrual-basis accounts receivable with a basis and fair market value of $20,000. Martha does not recognize gain or loss on the distribution and takes a basis in the cash of $40,000 and a basis in the receivables of $10,000.
a) true
b) false

Answers

Answer:

True

Explanation:

Based on the information given we were told that Martha does not recognize gain or loss on the distribution and takes a:

Basis in the cash of $40,000 which is TRUE because we were told that MMM distributes $40,000 cash to Martha

Basis in the receivables of $10,000 which is TRUE because we were told that she has an outside basis of $50,000 with distributed cash of $40,000 and accrual-basis accounts receivable of $20,000. Therefore the basis in the receivable of $10,000 is calculated as:

Cash $40,000 + Account receivable $20,000=$60,000

Hence,

$60,000- Outside basis $50,000

=$10,000 Basis in the receivable

Household production consists of Group of answer choices any commodities which are produced at home and then sold. any commodities which are produced at home and yield utility to the family. any time spent at home by any family member. any commodities purchased for use in the home.

Answers

Answer:

Any commodities which are produced at home and yield utility to the family

Explanation:

Household production occur when member of a household produce goods and service for their own personal consumption or for their own personal use, using their own capital as well as their own unpaid labor .

In another word in HOUSEHOLD PRODUCTION the member of the household are both the producers as well as the consumers of the goods produce by them.

Example of these household consumption are: Foods, Clothes Acommodation among others. Therefore we can vividly say that HOUSEHOLD PRODUCTION consists of Any commodities which are produced at home and yield utility to the family.

Network design decisions have a significant impact on performance because they determine the supply chain configuration and set constraints within which inventory, transportation, and information can be used to either decrease supply chain cost or increase responsiveness. True or False

Answers

Answer:

true

Explanation:

Winona's Fudge Shoppe is maximizing profits by producing 1,000 pounds of fudge per day. If Winona's fixed costs unexpectedly increase and the market price remains constant, then the short run profit-maximizing level of output
a. is less than 1,000 pounds.
b. is still 1,000 pounds.
c. is more than 1,000 pounds
d. becomes zero.

Answers

Answer:

b. is still 1,000 pounds.

Explanation:

profit-maximising level of output is found where marginal cost = marginal revenue

if fixed cost increases, the marginal cost still remains unchanged. so, the profit-maximizing level of output remains unchanged

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