You are an economics professor teaching large sections of Principles courses this semester. Within the first week of class,
several students have approached you with concerns about exam and homework due dates. They fear they won't do well
because the due dates for your class conflict with the dates for their other classes. You want to allocate exam and homework
due dates to the days most valued by students, but sifting through the opinions of hundreds of students presents a challenge.
The MOST efficient allocation would result if you:
design a predictions market for students to designate when they think the dates will be.
b. create an internal market for students to bid for their preferred dates.
C.
use your centralized power as a professor to assign the dates without student input.
d. determine that you have a knowledge problem when assigning dates
Answers
The MOST efficient allocation of exam and homework due dates for students who have concerns due to conflicting schedules with other classes is to create an internal market for students to bid for their preferred dates.The correct answer is option-b.
A market is the most efficient mechanism for allocating goods and services according to the preferences of consumers. Students who have conflicting schedules can bid for their preferred exam and homework due dates through an internal market.
This method has the advantage of providing the exam and homework due dates to those who are willing to pay the most for them. By using the internal market, the professor can allocate the dates in the most efficient manner without sifting through the opinions of hundreds of students.
This method is also fair as it gives students the opportunity to choose their preferred dates based on their schedule constraints, and it reflects the value that students place on certain exam and homework due dates.
Therefore, the correct answer is option-b.
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Related Questions
DESCRIBE THE FUNCTIONS OF
PRELIMINARY DATA GATHERING?
Answers
Preliminary data gathering involves collecting and analyzing relevant information to establish a foundation for research or decision-making, including identifying objectives, assessing data availability, etc.
What are the Functions of Preliminary Data Gathering?Preliminary data gathering encompasses the initial acquisition and evaluation of pertinent information, serving as a basis for research or decision-making. It aids in defining project scope, goals, and needs, while also assessing data availability and quality.
This stage assists researchers and decision-makers in gaining insights, assessing project feasibility, recognizing potential obstacles, and formulating a strategic plan for subsequent data collection and analysis.
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Lena is a sole proprietor. In April of this year, she sold equipment purchased four years ago for $53,200 with an adjusted basis of $31,920 for $35,112. Later in the year, Lena sold another piece of equipment purchased two years ago with an adjusted basis of $15,960 for $10,374. What is the amount and character of Lena's gain or loss?
Answers
Answer:
Ordinary gain $3,192; Loss $5,586
Explanation:
Calculation to determine the amount and character of Lena's gain or loss
Based on the information given she has an ORDINARY GAIN § 1245 DEPRECIATION RECAPTURE of the amount of $3,192 calculated as ($35,112 − $31,920) from the sale of the first equipment as well as § 1231 LOSS of the amount of $5,586 ($10,374 − $15,960) from the sale of the second equipment.
Therefore the amount and character of Lena's gain or loss will be Ordinary gain of $3,192 and Loss of $5,586.
What I learned about Joe Biden's presidential inauguration
Answers
Answer: He is trying to make better decisions than Trump and he is trying to keep the world peaceful and try his best to make sure he is doing the right thing.
Explanation:
how long will it take a nitrogen dioxide molecule to travel 25m at stp?
Answers
Answer:
Explanation:Nitrogen dioxide appears as a reddish brown gas or yellowish-brown liquid when cooled or compressed. Shipped as a liquefied gas under own vapor pressure. Vapors are heavier than air. Toxic by inhalation (vapor) and skin absorption. Noncombustible, but accelerates the burning of combustible materials. Cylinders and ton containers may not be equipped with a safety relief device.
Nitrogen oxide (NO2). A highly poisonous gas. Exposure produces inflammation of lungs that may only cause slight pain or pass unnoticed, but resulting edema several days later may cause death. (From Merck, 11th ed) It is a major atmospheric pollutant that is able to absorb UV light that does not reach the earth's surface.
Explain how utility could be used in a decision where performance is not measured by monetary value
Answers
Utility can be applied in decision-making situations where performance is not solely measured by monetary value.
Utility is a concept that can be used in decision-making scenarios where performance or outcomes are not solely measured by monetary value.
Utility refers to the satisfaction, well-being, or value that an individual derives from a particular outcome or alternative. It provides a framework for decision-makers to consider non-monetary factors and subjective preferences.
In situations where performance is not easily quantifiable in monetary terms, utility can be used to assign subjective values or preferences to different outcomes. Decision-makers can assess the potential utility or satisfaction associated with each alternative and choose the option that maximizes overall utility.
For example, let's consider a decision regarding the selection of a vacation destination. The performance in this case is not directly measured by monetary value, but rather by the level of enjoyment and personal preferences.
Utility theory can be applied by evaluating the potential utility associated with each destination based on factors such as climate, cultural experiences, outdoor activities, and personal interests. Decision-makers can assign subjective values or rankings to these factors and consider their individual utility weights.
By considering utility, decision-makers can make choices that align with their personal preferences and maximize their overall satisfaction or well-being. They may prioritize destinations that offer experiences they value the most, even if it comes at a higher cost or involves trade-offs with other factors.
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Joyce is a widowed taxpayer whose husband Willard passed away on March 31, 2020. Joyce and Willard had purchased a home for $215,000 on September 12, 2004, lived in the home as their main home until Willard’s death. Joyce moved in with her daughter after Willard’s death, and sold the home on November 30, 2020, for $595,000. How much of the gain on the sale can Joyce exclude from taxable income?
Answers
The amount of the gain that Joyce can exclude from her taxable income is $380,000, with a maximum of $500,000.
Data and Calculations:
Cost of home purchased on September 12, 2004 = $215,000
Proceeds from the sale of the home on November 30, 2020 = $595,000
Capital gains = $380,000 ($595,000 - $215,000)
The maximum amount for exclusion from income = $500,000
Thus, Joyce can exclude $380,000 from the gain because she sold the home in the same tax year as her husband's death, which qualifies her to exclude the maximum amount of $500,000.
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Chapter 1 Assignment: Accounting in Business i
10
Use the following information for the Exercises below. (Algo)
[The following information applies to the questions displayed below.]
Part 4 of 4
4 4
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,310
exchange for its common stock to launch the business. On December 31, the company's records show the
and amounts.
10
points
Cash
Accounts receivable
Office supplies
Office equipment
Land
Accounts payable
Common stock
$ 10, 200 Cash dividends
15,200 Consulting revenue
3,550 Rent expense
18,310 Salaries expense
45,990 Telephone expense
8,740 Miscellaneous expenses
84,310
$ 2,340
15,200
3,910
7,350
790
610
eBook
Hint
Print
Exercise 1-21 (Algo) Preparing a statement of cash flows LO P2
References
Also assume the following:
a. The owner's initial investment consists of $38,320 cash and $45,990 in land in exchange for its common stoc
b. The company's $18,310 equipment purchase is paid in cash.
c. Cash paid to employees is $2,160. The accounts payable balance of $8,740 consists of the $3,550 office supp
$5,190 in employee salaries yet to be paid.
d. The company's rent expense, telephone expense, and miscellaneous expenses are paid in cash.
e. No cash has yet been collected on the $15,200 consulting revenue earned.
Using the above information prepare a December statement of cash flows for Ernst Consulting. (Cash outflows
by a minus sign.)
ERNST CONSULTING
Next
10
of 10
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мс
Graw
Hill
BI
99+
o
Answers
The statement of cash flows for Ernst Consulting for the month of December is shown in the attached images below.
The statement of cash flows is a financial statement that provides information about the cash inflows and outflows of a business or entity during a specific period of time. It presents the sources and uses of cash, categorizing them into three main activities: operating activities, investing activities, and financing activities.
The statement of cash flows is an essential component of the financial statements, along with the income statement, balance sheet, and statement of changes in equity. It helps users, such as investors, creditors, and analysts, understand the cash flow dynamics of a company and assess its ability to generate and manage cash.
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Unbanked Partner #1
1. I've had terrible customer service at the banks I've been into, so I don't like them and I
don't trust them. I'm certainly not leaving my money with them,
Answers
Being unbanked has become an increasingly common situation for many individuals in recent years. An unbanked person is someone who has no financial account with any institution. Individuals may choose to be unbanked for a variety of reasons, including a lack of trust in banks due to poor customer service or a negative experience.
A person may have experienced a bad encounter with a bank employee and choose to leave the bank and seek other banking options. They may also be unable to maintain a minimum balance in their bank account, and banks may impose fees for accounts that fall below a certain amount. It can be inconvenient to have to travel to a bank to withdraw money, especially if the nearest bank is far away. Additionally, the time spent waiting in line at a bank can be tedious, and it can be difficult to fit into a busy schedule.
There are alternatives to traditional banks that may be more convenient and better suit the needs of unbanked individuals. Credit unions, for example, offer similar services as banks but are often smaller and more focused on serving the community. Mobile banking apps have also become increasingly popular, offering services such as depositing checks and transferring money.
The use of prepaid debit cards is another option that allows for the convenience of a card without the need for a traditional bank account. The unbanked may also benefit from budgeting tools and financial literacy resources, which can help them make informed financial decisions and take control of their finances. Overall, being unbanked does not mean that an individual cannot access financial services or manage their money effectively.
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100pts if you help me ..and brainleast
please correct me if im wrong
Answers
QUESTION 4 of 10: Your union goes on strike. You lose $15,000 in wages from a $65,000 per year job as a result of not working during the strike. The strike concluded with a new contract providing a 5% wage increase for the next five years. This resulted in $18,000 in additional Income over five years. What was the net gain or loss for the employee?
Answers
Answer: increase by 3000 dollars
Explanation:
18000-15000= 3000 gained
The net gain for the employee is $3,000 gain
Using this formula
Net gain or loss =(Loses in wages)+Additional Income
Where:
Loses in wages=-$15,000
Additional Income=$18,000
Let plug in the formula
Net gain or loss=-$15,000 +$18,000
Net gain or loss=$3,000 gain
Inconclusion The net gain for the employee is $3,000 gain.
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a study of long-distance phone calls made from general electric reveled the length of the calls, in minutes, follows the normal probability distribution. the mean length of time per call was 4.5 minutes and the standard deviation was 0.70 minutes. what is the probability that calls last between 4.0 and 6.0 minutes?
Answers
The probability that calls last between 4.0 and 6.0 minutes is approximately 0.7441, or 74.41%.
To find the probability that calls last between 4.0 and 6.0 minutes, we need to calculate the area under the normal curve between these two values.
First, we need to standardize the values using the Z-score formula: Z = (X - μ) / σ, where X is the value, μ is the mean, and σ is the standard deviation.
For 4.0 minutes:
Z1 = (4.0 - 4.5) / 0.70 = -0.71
For 6.0 minutes:
Z2 = (6.0 - 4.5) / 0.70 = 2.14
Next, we need to find the cumulative probabilities associated with these Z-scores using a standard normal distribution table or a statistical software.
The probability associated with Z1 is P(Z ≤ -0.71), and the probability associated with Z2 is P(Z ≤ 2.14).
Using a standard normal distribution table, we can find these probabilities:
P(Z ≤ -0.71) ≈ 0.2389
P(Z ≤ 2.14) ≈ 0.9830
To find the probability that calls last between 4.0 and 6.0 minutes, we subtract the lower probability from the higher probability:
P(4.0 ≤ X ≤ 6.0) = P(Z ≤ 2.14) - P(Z ≤ -0.71)
≈ 0.9830 - 0.2389
≈ 0.7441
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On the 24th, a shooting incident occurred at a high school in St. Louis, Missouri, my country. A 19-year-old gunman opened fire on the campus, causing 2 deaths and 7 injuries, and was eventually shot dead by the police.
On October 25, St. Louis Mayor Tishaura Jones said that gun violence continues to take the lives of children and children in our country, and its severity is enough to become a "national emergency" and the government should take action. Police said at a news conference that day that the gunman was Orlando Harris, a 19-year-old male who just graduated from the high school last year.
Answers
The deaths at the high school in St. Louis, Missouri, United States show that an argument can indeed be made for tighter gun controls in the country.
Should there be tighter gun controls in the United States?The most recent tragedy that resulted from gun violence in the United States, was the killing of two people at the Central Visual and Performing Arts High School, St. Louis, Missouri, by a previous student of the school.
Over the years, there have been other instances of gun violence in American schools including the shooting at Uvalde, Texas that led to the deaths of 19 children.
The United States has the highest rates of gun ownership in the entire world as well as one of the highest rates for mass shooting. This means that there must be a correlation between the two. Nations that have tighter gun controls have lower rates of mass shooting.
There is therefore a good enough argument that the United States should introduce stricter and tighter gun controls in order to reduce the incidence of mass shootings, especially at schools.
The rest of the question is:
Does this shooting add more evidence for the argument for tighter gun control or less?
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Oscar owns a bulldog. Another dog owner filed a lawsuit against Oscar alleging that his bulldog injured her pet poodle in a dog park fight. Despite evidence that his bulldog was not present at the dog park when a dogfight broke out, the jury found Oscar liable for injuries caused to the poodle. Based on these facts, Oscar has the legal option to do which of the following?
1) Make a peremptory challenge ((has to do with a juror))
2) File a motion for a judgment notwithstanding the verdict
3) Motion that the court nullify the verdict based on res judicata(no this has to do with not refiling the case)
4) File a motion for a directed verdict at the end of trial testimony before the case goes to the jury that argues that no reasonable jury could find for opposing party and therefore the judge should make a ruling on the case accordingly
Answers
Answer:
File a motion or a judgement notwithstanding the verdict
Explanation:
Answer:
File a motion or a judgement notwithstanding the verdict
Explanation:
For which of the following situations are credit card use be most appropriate?
To purchase a car or home.
For any non-emergency expenditures.
For security when making online purchases.
To help you spend beyond your budget?
Answers
Credit card use is most appropriate for security when making online purchases. Credit cards provide an additional layer of protection against fraudulent transactions when making purchases online, as credit card companies typically offer zero liability for unauthorized purchases. Using a credit card can also help with tracking and disputing fraudulent transactions.
Credit card use is not appropriate for purchasing a car or a home, as these purchases typically require much larger amounts of money and would be better suited for a different type of financing. Using a credit card for non-emergency expenditures can also lead to accumulating high-interest debt and overspending beyond one's budget, which is not a financially responsible practice.
five fundamental economic problems
Answers
Answer:
Explanation:
What to produce and what quantity to produce?
How to produce?
For whom to produce the goods?
How efficient are the resources being utilised?
Is the economy growing?
what are downstream value chains
Answers
Downstream value chains refer to the stages of production and distribution that occur after the manufacturing or production of a product. It involves the processes, activities, and entities that are responsible for delivering the final product to the end consumer.
Downstream value chains typically include activities such as marketing, sales, distribution, retailing, and customer service. These stages focus on adding value to the product, ensuring its availability to the target market, and meeting customer demands. It involves activities like packaging, branding, logistics, pricing, and after-sales support.
Efficient management of the downstream value chain is crucial for achieving customer satisfaction, market reach, and profitability. It involves coordinating with intermediaries, managing distribution channels, and implementing effective marketing strategies to promote and deliver the product to consumers.
By optimizing the downstream value chain, organizations can enhance their competitiveness, expand market share, and capture customer loyalty in the final stages of the product's journey from producer to consumer.
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11. Inflation can be eliminated by all of the following EXCEPT* [
Contractionary Monetary Policy
raising the discount rate
Raisng the reserve requirement
Fed buying bonds on the open market
Answers
None of the choices provided in the question can remove inflation.
How can inflation be eliminated?While monetary policy tools such as contractionary monetary policy, lowering the discount rate, raising the reserve requirement, and the Fed buying bonds on the open market can be used to contain inflation, they cannot remove it entirely.
Inflation is a complicated economic phenomenon impacted by a variety of factors such as supply and demand for goods and services, economic growth, and changes in government policy.
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Do you want to pursue your career in agriculture?Why?Why not?
Answers
Answer:
This is more of a personal opinion question so I would answer based on your own experiences. Do you personally want to pursue a career is agriculture? Good luck :)
Explanation:
Arya wants to intern in the finance department for a major retailer. Since Arya will be learning about finance which refers to all
activities concerned with obtaining money and using it effectively.
True
False
Answers
True, Finance refers to all activities concerned with obtaining money and using it effectively.
Finance has to do with effective management of money or financial resources of a business,company or organization.
Improper management of a company finance can lead to the company not achieving their aims and objectives or even liquidate.
For effective management of a company finance the accountant or the finance manager will need to have full understanding and knowledge about :
•What it takes to manage finance
•How to manage finance successfully
•How to effectively make use of the money obtained .
Inconclusion True, Finance refers to all activities concerned with obtaining money and using it effectively.
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What do you need to do if you have a
job and earn a paycheck?
A. put half of your paycheck in the bank
B. file a tax return
C. submit your pay stubs to your local law enforcement
office
D. invest in a 401k
Answers
The City of Houghton enacted an ordinance that forbids religious groups from distributing religious materials within the city limits of Houghton unless the distributor is granted a permit. Other types of materials can be distributed without a permit. What concerns do you have about the constitutionality of this ordinance?
Answers
The concerns that have about the constitutionality of this ordinance are Freedom of Religion, Content-Based Restrictions, Prior Restraint, Equal Protection and Unfettered Discretion.
Here are a few major concerns:
Religious Freedom: The First Amendment to the United States Constitution provides religious freedom, which includes the right to practise and express one's religious views. Content-Based limitation: By treating religious materials differently from other types of materials, the ordinance appears to impose a content-based limitation on communication. Prior constraint: Requiring religious organisations to seek a licence before disseminating religious materials is a type of prior constraint on speech. Equal Protection: If the ordinance treats religious groups differently than other groups or items, it may raise questions regarding legal equality. Unrestricted Discretion: If local officials have unrestricted discretion in choosing who gets a permit, there is a possibility of viewpoint discrimination or bias.For such more question on Restrictions:
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Johnson Cleaning Service has the following account balances on December 31, 20X1.
Cash
Equipment
Accounts payable
Elicia Johnson, Capital
$ 76,000
184,000
96,800
163,200
Answers
Based on the type of accounts they are, the proper classification will be:
Cash - Debit balance.Equipment - Debit balance. Accounts payable - Credit balance. Capital - Credit balance. Classifying the balancesThe question asks that the above balances are put on the appropriate side of a T Account.
The proper way to do this will be:
Dr. Account Title Amount Account title Amount Cr.
Cash $76,000 Accounts payable $96,800
Equipment $184,000 Elica Capital $163,200
In conclusion, assets go to the left side and capital and liabilities to the right.
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Accounts classification: Cash - Debit balance, Equipment - Debit balance, accounts payable - Credit balance, Capital - Credit balance.
T-account is a visual representation of an account used in bookkeeping. The T-account gets its name from its resemblance to the letter "T."
A T-account consists of two sides: the left side is called the debit side (or "dr" for "debit"), and the right side is called the credit side (or "cr" for "credit").
The proper T- account of the Johnson Cleaning Service, will be:
Dr. Account Title Amount Account title Amount Cr.
Cash $76,000 Accounts payable $96,800
Equipment $184,000 Elica Capital $163,200
Total Credits $260,000 Total debits $260,000
Thus, this is the proper way of showing a T- account.
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Johnson Cleaning Service has the following account balances on December 31, 20X1.
Cash $ 76,000
Equipment 184,000
Accounts payable 96,800
Elicia Johnson, Capital 163,200
Enter the above balances on the proper side of the T-account.
According to the law of demand, price and quantity demand move in __________directions
Answers
According to the law of demand, quantity demanded and price move in opposite directions.
At peak times, your restaurant serves 50 meals per hour that require a grill. Two meals can be on the grill at once and the average meal requires 6 minutes on the grill. How many grills do you need? ANSWER 3
Answers
Answer:3 grills
Explanation: Each grill can cook 20 meals in an hour so 3 grills is needed, the restaurant could cook 60 meals in one hour
if the pictures are not the same size when they are selected from a file
Answers
Define the term "compilation engagements" and distinguish between reasonable assurance
engagements and limited assurance engagements.
(8 marks)
Answers
Answer: See explanation
Explanation:
A compilation engagement refers to a form of engagement whereby there's an engagement of an outside accountant by a company for the preparation and the presentation of its financial statements.
In a reasonable assurance engagement, the level of assurance is high. Here, there is the likelihood that the prevention or detection of the material misstatements will not be timely.
The limited assurance engagement refers to the assurance engagement risk being reduced to an acceptable level, but where the risk is still more than the reasonable assurance engagement. Here, less evidence is being collected unlike the reasonable assurance engagement.
.
Qtr5g66677
Math problem
Answers
Answer:
The dot over a number signifies that it is a repeater which would go on for ever, as when we endeavor to describe 1/3 decimally as 0.33333 . . . . (etc)
With a series of numbers we place the dot over the first and last, as with 0.97979797979 . . . (etc)
The remarkable feature being that a proper fraction divided by 9s e.g. 46/99 is exactly equal to the numerator with the repeater sign followed by the decimal.
If the market supply of labor increases, the total wage income will increase if the
O demand for labor is elastic.
O demand for labor is inelastic.
O supply of labor is elastic.
O supply of labor is inelastic.
Answers
If the market supply of labor increases, the total wage income will increase if the 'demand for labor is elastic'.
What do you mean by Labor?
Labor is physical or mental work or effort done in order to achieve a purpose or result. It is often used to refer to the work done by employees for their employer in exchange for wages or salary. It can also refer to the activity of doing something that requires a lot of effort or energy.
If the market supply of labor increases, it means that there are more workers available to work. If the demand for labor is elastic, it means that employers will be willing to pay more for the additional labor. This will result in an increase in the total wage income for workers.
Hence, option A is correct.
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CHECKPOINT QUESTION
Which of the following statements about gossip in the organization is TRUE?
Only small amounts of information are carried on the grapevine of workplace
gossip.
Employees rely on each other for important information more than they rely on
their bosses.
Managers are excluded from using the grapevine to communicate or respond to
messages.
The grapevine can be used to prevent individual agendas and potential
miscommunications.
Answers
Answer:
Only small amounts of information are carried on the grapevine of workplace
gossip.
Explanation:
Grapevine is referred to as the circulation of unofficial information and rumors. Most of the communications in an organization is carried out through grapevine. It is informal communication of messages and information and also gossips in an organization. The grapevine communications carries more of accurate information than gossips. Only a small portion of the information consists of gossips in the functional grapevine.
3. How do British Social Anthropologists place an emphasis on structural-functionalism or the function of social structures?
Answers
Answer: HELLO DO YOU REMEBER ME FRIEND?
Explanation: