efficiency. c. The owners will be able to keep production costs low by providing free managerial services to the firm. d. The owners will be able to gain by paying employees below market wages‚ which will improve the overall efficiency of the economy. 3. The law of diminishing returns a. explains why marginal cost eventually increases as output expands. b. implies that average fixed cost will remain unchanged as output expands. c. is true for physical production activities but not for activities
Premium Costs Economics
Assignment 3 ECON 103: Pingle A. The federal government recently ran a budget surplus‚ but has since returned to running a budget deficit. 1. Explain why reducing the budget deficit can cause short-term pain in the form of lower employment‚ higher unemployment‚ and a recession. 2. Explain why expansionary monetary policy would help decrease the likelihood of a recession if it were adopted at the same time the budget deficit was being reduced. 3. Present an analysis that identifies any long
Free Economics Macroeconomics Keynesian economics
Case 3.1 Enron: Understanding the Client’s Business and Industry Price‚ Ria; Walters‚ Jessica 1. Inherent risk‚ a component of the audit risk model‚ refers to the susceptibility of the accounts to material misstatement‚ without regard to the systems internal controls. Inherent risk is a function of the nature of the client’s business‚ the major types of transactions‚ and the effectiveness and integrity of its managers and accountants. A clear understanding of the audit client’s business model is essential in assessing
Premium Auditing Internal control Natural gas
11/3/2014 Prompt #3 Markets have four different models which are perfect competition market‚ monopolistic competition‚ oligopoly‚ and pure monopoly markets. Each market has its own characteristics in terms of barriers‚ price control‚ and the kind of products. An oligopoly market can be defined as a market which has a few large producers of homogenous or differentiated products. Moreover each firm is affected by the decisions of its rival and must take those decisions into consideration
Premium Monopoly Economics
Case 3 LEADERSHIP STYLES AND MOTIVATION TO WORK Brako is a small manufacturing company that produces parts for the automobile industry. The company has several patents on parts that fit in the brake assembly of nearly all domestic and foreign cars. Each year‚ the company produces 3 million parts that it ships to assembly plants throughout the world. To produce the parts‚ Brako runs three shifts with about 40 workers on each shift. The supervisors for the three shifts (Art‚ Bob‚ and Carol) are experienced
Free Shift work Employment
JOURNAL 3 Unemployment and Inflation (Chapter 6) This assignment is associated with the learning outcome relative to understanding affects of unemployment. Go to Chapter 6 in your textbook and read Application 2 More Disability‚ Less Employment: Does more liberal disability insurance decrease measured unemployment? 1) Recall the Application. If the federal Disability program leads to a decrease in the labor force participation rate‚ the ________ will be ________. A) frictional unemployment
Premium Unemployment
points of songs or hymns. 2. What is the Natya Shastra? Why is it important? Natya Shastra is a written discourse on the performing arts‚ including music‚ dance‚ stage performances. It goes into more detail about instruments used in hymns or songs. 3. Who were troubadours? What was their music like? Troubadours were traveling poet-musicians who traveled‚ singing and performing for the nobility. Their music was usually of them and an instrument. 4. Ionian‚ Dorian‚ Phyrgian‚ Lydian‚ Mixolydian‚ Aeolian
Premium Music Gregorian chant
Chapter 3 PERIODIC TABLE AND PERIODICITY OF PROPERTIES Q.1 What are the contributions of Dobereiner‚ Newland‚ Luthar Meyer and Mendeleef in the present shape of long form periodic table ? Dobereiner’s Triads : In 1829‚ a German scientist‚ John Dobereiner classified specific elements into groups in order of increasing atomic masses. Each group has three elements. He named these groups as triads.He noticed that the atomic mass of the middle elements was found to be approximately equal to the
Premium Periodic table
Keith Miller IS3110 Week 3 Risk Mitigation Plans 1. Why is it important to prioritize your IT infrastructure risks‚ threats‚ and vulnerabilities? It is important to prioritize because you must be aware of what the risks‚ threats‚ and vulnerabilities are to your infrastructure so that you know where the most attention is needed to make the 2. A quality IT Risk Mitigation Plan will include details on costs‚ risk prioritization‚ and accompanying schedule. For risk prioritization‚ what
Premium Term Risk management Finance
purchased equipment for $280‚ 000 on 1st July‚ 2010. It is expected that the equipment will have a residual value of $10‚ 000 at the end of its’ 3 year useful life (or 100‚000 machine hours). Calculate depreciation expense to the nearest whole dollar. a. Calculate the depreciation expense‚ accumulated depreciation and annual carrying amount for each of the 3 years ended 30th June‚ under the following depreciation methods: Straight line Reducing balance (rate = 47%) Units of production: 36‚000
Premium Balance sheet Generally Accepted Accounting Principles Accounts receivable