QUESTION 18A clothing manufacturer produced 5,000 sweaters, but sold only 4,000 of them. The remaining 1,000 sweaters would be classified aspart of the firm's intangible capital.a factor of production.part of the firm's tangible capital.O a loss to the firm.

Any asset that is in a physical form and can be touched is known as tangible asset.

A clothing manufacturer produced 5,000 sweaters, but sold only 4,000 of them. The remaining 1,000 sweaters would be classified as O part of the firm's intangible capital. a factor of production. part of the firm's tangible capital. O a loss to the firm.

A clothing manufacturer produced 5,000 sweaters, but sold only 4,000 of them. The remaining 1,000 sweaters would be classified as O part of the firm's intangible capital. a factor of production. part of the firm's tangible capital. O a loss to the firm.

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance

Section: Chapter Questions

Problem 1.2P

See similar textbooks

Related questions

Q: Price ($) 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0 10 20 30 40 50 60 70 80 90 S D 100 Quantity Consider…

A: Demand curve is the downward sloping curve. Supply curve is the upward sloping curve. Equilibrium…

Q: 2. Monetarism Which of the following is a position held by monetarists? The short-run aggregate…

A: Monetarism emerged during the 1950s and 1960s through the contributions of economists like Milton…

Q: Figure 15.1 Price level 8 O O O O LRAS C A Y₁ D AD₂ SRAS1 AD₁ SRAS₂ Real GDP (billions of dollars)…

A: Aggregate Demand is the sum of consumption, investment, government spending and net export. The…

Q: [The soft drink industry is dominated by two cola firms- DEW and HEW. The market is worth $8…

A: In the soft drink industry, two major players, DEW and HEW, compete for market dominance. This…

Q: Thuy Anh runs a small flower shop in the town of Florabunda. She is debating whether she should…

A: As a rational person and profit maximizer Anh & Santiago would keep on hiring workers as long as…

Q: Three mutually exclusive project alternatives are being evaluated. The estimated cash flows for each…

A: In evaluating investment projects, decision-makers often rely on various financial analysis…

Q: (Figure: Market for Engines) According to the figure, if there is international trade in this…

A: Producer surplus refers to the advantage gained by producers when they sell their products or…

Q: Consider product X with industry supply given by p = 4 + 2q, and industry demand given by p = 20 -…

A: Dead weight loss: It is defined as the loss of total welfare (or the total surplus = consumer…

Q: Besides Inflation, Why are dollars received in the future worth less than dollars received today?

A: Besides inflation, there are several motives why dollars received in the future are really worth…

Q: Bill likes hamburgers, but neither likes nor dislikes soft drinks. 1.) Using the line drawing tool,…

A: A curve that illustrates the preferences of an individual or a consumer and depicts all the…

Q: -oving a domestic market failure by using a trade-policy measure is an example of O a. the optimum,…

A: Domestic market failures in trade policy mention the requirement of government interference to…

Q: ference the following information about the market demand function for questions 1 to 15. These…

A: The Stackelberg Model is a oligopoly model where one firm moves first and another firm follows it.…

Q: Consider the PPF for a Mars colony depicted in the picture. The PPF shows combinations of habitats…

A: PPF stands for Production Possibilities Frontier. It is a graphical representation that shows the…

Q: money is $150 billion. a. Use the graph below to illustrate the total demand for money and the…

Q: Consider the wage negotiations between Cricket Australia (CA) and the union that represents the…

A: the scenario where the union (U) moves first and makes an offer p. If the offer is accepted, U will…

Q: In most "normal" years (years in which the market has not been disrupted by Middle East wars), at…

A: A cartel is a group of independent firms or producers that join together to coordinate their…

Q: An automobile repair shop charges the competitive market price of $16 per bike repaired. The firm's…

A: A market structure in which numerous sellers and buyers interact and the prices are determined…

Q: Problem statement: → The line labeled D, in the graph to the right shows the number of cups of…

A: Market demand for a commodity can change as a result of a change in consumers income, their tastes…

Q: Doubt: Is extraordinary profit for a monopolist condition as (P - MC) x Q ? This would avoids…

A: Monopoly profit=TR-TC While Total cost is given as integration of Marginal cost

Q: Consider a hypothetical closed economy in which households spend $0.60 of each additional dollar…

A: To find the marginal propensity to consume (MPC) and the spending multiplier, we can use the given…

Q: Pats D, E, F Assume that the following data describe the condition of the commercial banking…

A: Given: Total reserves: $80 billion Transactions deposits: $700 billion Cash held by public: $300…

Q: Consider the game represented below. 2 1 W X y a 2,5 0,0 0,1 b 2,4 2,3 5,9 C 6,4 6,9 8,8 Find all…

A: The stable outcomes in a game where each player opts for a specific action or strategy, and no…

Q: When you look at Gross Domestic Production (GDP) values of countries around the world, you notice…

A: In a country various commodities are produced during a given period of time. When the aggregate…

Q: What is the income elasticity of housing demand? O Measures how much housing demand changes (in…

A: Elasticity refers to the responsiveness in change of one variable due to change in another variable.…

Q: A bank has two $10 million one-year loans. Possible outcomes are as follows: Outcome Neither loan…

A: VaR, or Value at Risk, is a widely used risk measure in finance that quantifies the potential loss…

Q: When marginal product is occurs between points A and average product in decreasing average product,…

A: Production refers to the process of creating goods or services through various inputs, such as…

Q: Exercise 5.2 Given the intertemporal production possibilities frontier to the right. Point A…

A: Suppose: C2 : future consumption R : real interest rate Value of future consumption today is…

Q: ortunity cost of holding money __________, and the quantity demanded of money __________. Group…

A: If the interest rate decreases then the opportunity cost of holding money would decreases and the…

Q: With the aid of appreciate diagram explain the following: a. Negative taxation b. Tax on supply c.…

A: Taxes are compulsory financial charges imposed by governments on individuals, businesses, and other…

Q: PLEASE SUBMIT AN IMAGE OF THE REQUESTED ILLUSTRATION DISCUSSED BELOW. (PLEASE MAKE SURE YOU LABEL…

A: In economics and business, there are three key concepts: total cost, fixed cost, and variable cost.…

Q: a) Chika has calculated the marginal utility that she derives from her paid employment and from…

A: Chika will assign each extra hour to the activity that provides a greater marginal utility. Marginal…

Q: III) Consider a version of the Solow growth model without technological change covered in lecture…

A: Introduction: The Solow growth model is a fundamental framework used in economics to study economic…

Q: Suppose that the market for cigarettes in a particular town has the following supply and demand…

A: General equilibrium refers to a theoretical concept in economics that describes a state in which all…

Q: 21. In Italy, firms pay tax on reported profits at a constant proportionate rate t€ (0, 1). If the…

A: The VNM utility theorem states that when a decision-maker is faced with risky preferences, then…

Q: 3. Consider the adverse selection model of health insurance. • (a) Why is the marginal cost curve ●…

A: Adverse choice refers back to the tendency for individuals with a higher risk of needing medical…

Q: Consider a firm in a perfectly competitive market. The long run average total cost is described by…

A: In perfect competition, There exists a large number of buyers and sellers. The firm will produce…

Q: Go to International Trade Centre (ITC) and use their tool of Investment Map to check Japan's total…

A: Investment refers to the act of allocating resources, such as money, time, or effort, with the…

Q: (c) ALBUS MINERVA N SEVERUS 2,1,1 13,1 ALBUS MINERVA 10,4,4 S b 1,3,1 12,4,0 10,2,3 14,1,5

A: Albus plays at the two nodes which we will assume as first node and second node. He has two possible…

Q: A firm has total revenue (TR) and total cost (TC) curves as shown on the following diagram. To…

A: Here we are given the total revenue and total cost curves. The total revenue curve reaches to a…

Q: Marvin has a Cobb-Douglas utility function, 0.5. 0.5 U=9₁ 92 his income is Y = $300, and initially…

A: Compensating variation: When the price of a good changes and hence the consumption bundle, that new…

Q: 8. The following figure shows the marginal revenue [MR], demand, and average cost [AC] curves for a…

A: In a monopoly market structure, There exists a single seller. The monopolist will produce where…

Q: A company operates in a price-taker market, selling each unit of output for a price of $30 and…

A: The increase in total output caused by adding one extra unit of labour is represented by the…

Q: An economy's AD curve is P=19-0.2Y and its AS curve is P-1.5+0.05Y. Suppose that autonomous…

A: The multiplier means the magnifying effect on aggregate output that results from an initial change…

Q: Assuming real income is to be $350 million and the price index is 142 calculate nominal income.?

A: The real income of an person or a country is income adjusted for inflation. it is specific from…

Q: re is a road between the suburbs and downtown. The road becomes congested at rush hour. As long as…

A: There is a road between the suburbs and downtown. As long as fewer than 99 people use the road…

Q: The following graph shows the supply of and demand for capital in a market over the last year. You…

A: Loanable Funds Market: In the market for loanable funds there are economic agents like governments,…

Q: e) If there are two firms Atlas and Bowden in this market with the same earlier total cost function…

A: Cournot competition is an economic model that describes how companies in industry independently and…

Q: N 1 2 3 4 5 6 7 8 9 10 Single Payment Discrete Compounding; i = 13% Compound Amount Present Factor…

A: The hurdle rate, often known as the minimum acceptable rate of return (MARR), is a metric for…

Q: Ruritania's economy is depicted below, with the long run aggregate supply curve (LRAS), three short…

A: Aggregate demand is the sum of Consumption, Investment, government spending and net export. The…

Q: Three mutually exclusive project alternatives are being evaluated. The estimated cash. flows for…

A: Annual worth analysis is a financial evaluation method used to compare and assess the economic…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Define tangible assets

VIEW

Step 2: Find the correct term.

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

During the month of July, your company makes $12,000 in total sales. Supplies cost you $3,000, and you pay your employees $4,000. What are your total accounting profits? a. $4,000 b. $5,000 c. $12,000 d. $7,000
Engineering economic book. "Frank bought a house for $100,000. He put 20% down and borrowed the rest from the bank. However, the value of the house has now increased to $160,000 and he has paid off $20,000 of the bank loan. What is the equity that Frank has in his home
During a year of operation, a firm collects $450,000 in revenue and spends $100,000 on labor expense, raw materials, rent and utilities. The firm’s owner has provided $750,000 of her own money instead of investing the money and earning a 10 percent annual rate of return. The accounting costs of the firm are $______________________ The opportunity cost is $______________________ Total economic costs are $______________________ Accounting profits are $______________________ Economic profits are $______________________
18. Which would be an implicit cost for a firm? The cost of: A. Property insuranceB. Property tax C. Raw materialsD. Wages foregone by the owner of the firm
explain wheather or not you agree with the following statement" A company has R500 million in a deposit account with a local bank. in terma of economic theory, this represents capital to firm.
20) Economic profits a) are equal to total revenue minus fixed costs b) are equal to the direct costs of hiring all factors of production c) are opportunity cost of each input minus interest charges paid on borrowed funds d) are higher than the normal rate of return
EXAMPLE 1.2 Consider the following data of a company for the year 1997:Sales = $ 1,20,000Fixed cost = $ 25,000Variable cost = $ 45,000Find the following:(a) Contribution(b) Profit
Harvey quit his job at State University, where he earned $62,000 a year. He figures his entrepreneurial talent or forgone entrepreneurial income to be $4,000 a year. To start the business, he cashed in $50,000 in bonds that earned 10 percent interest annually to buy a software company, Extreme Gaming. In the first year, the firm sold 10,000 units of software at $72 for each unit. Of the $72 per unit, $60 goes for the costs of production, packaging, marketing, employee wages and benefits, and rent on a building. The economic profits of Harvey's firm in the first year were
(6) If marginal product is greater than average product (a) total product must be increasing. (b) marginal product must be decreasing. (c) marginal product must be increasing. (d) average product may be increasing or decreasing.
1. Explain what is meant by working capital management and discuss the importance of working capital management in a company. 2. You are currently working as a manager in a retail company. It is known that the company sells 2,500 cartons of cooking oil per year. The cost for each reorder cost of cooking oil is Rp. 750,000 and the carrying cost is Rp. 150,000. By using the Economic Order Quantity (EOQ) formula, determine how many units are optimal for each order?
1. What are the difference between Direct Method Cash flow withthat of indirect method cash flow, apply them in a given example
Selected accounts with some amounts omitted are as follows Work in Process Oct. 1 Balance 20,700 Oct. 31 Finished goods X 31 Direct materials 90,100 31 Direct labor 172,700 31 Factory overhead X Finished Goods Oct. 1 Balance 12,200 31 Goods finished 306,100 If the balance of Work in Process on October 31 is $205,900, what was the amount of factory overhead applied in October? a.$172,700 b.$90,100 c.$399,300 d.$228,500