Reengineering is making small, incremental, step-by-step changes at the margins of organizational problems. T/F

Answers

Answer 1

false.The statement that reengineering involves making small, incremental, step-by-step changes at the margins of organizational problems is false.

reengineering refers to a systematic and comprehensive approach to redesigning and restructuring business processes to achieve significant improvements in performance, efficiency, and effectiveness. it involves rethinking and redesigning entire processes rather than making small, incremental changes.

unlike incremental changes that focus on making small adjustments or improvements at the margins of existing processes, reengineering seeks to fundamentally reevaluate and transform how work is done. it often involves radical shifts in thinking, challenging existing assumptions, and implementing innovative solutions.

reengineering initiatives aim to achieve substantial improvements by eliminating unnecessary steps, streamlining workflows, leveraging technology, and reorganizing tasks to optimize outcomes. the focus is on achieving breakthrough results rather than making marginal improvements.

reengineering can involve significant changes to the organizational structure, roles, responsibilities, and technology systems to enable the redesigned processes to operate more efficiently and effectively. reengineering entails a more holistic and transformative approach to process improvement.

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Related Questions

which of the following statements best represents a neoclassical interpretation of a short-run increase in aggregate supply? select the two correct answers below.

Answers

According to neoclassical economists, short-term shifts in aggregate supply do not impact the long-term aggregate supply. Thus, the aggregate supply curve is always vertical in the long run and represents the capacity output of an economy. In the short run, however, changes in aggregate supply can have a significant impact on the economy.

According to neoclassical economists, short-term shifts in aggregate supply do not impact the long-term aggregate supply. Thus, the aggregate supply curve is always vertical in the long run and represents the capacity output of an economy. In the short run, however, changes in aggregate supply can have a significant impact on the economy. Therefore, there is no shift in the long-run aggregate supply, but there is a shift in the short-run aggregate supply.The following statements best represents a neoclassical interpretation of a short-run increase in aggregate supply:1. An increase in aggregate supply in the short run leads to a rise in the economy's real GDP, but only temporarily.2. The increase in aggregate supply is triggered by an increase in the price level in the short run.Thus, the correct option is:A. An increase in aggregate supply in the short run leads to a rise in the economy's real GDP, but only temporarily.B. The increase in aggregate supply is triggered by an increase in the price level in the short run.

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Using SMART goal-Written criteria blank refers to asking how ?
A.measurable
B.timely
C.specific
D.realistic
E.attainable

Answers

Answer:

A.measurable

Explanation:

Smart is an acronym Specific, Measurable, Achievable,

Realistic and Timely. These are attributes that guide how goals or objectives should be set.

The question of " how" is answered by the attribute 'measurable.'

In this criterion, measurable describes the specific criteria to be used and the ways of measuring progress toward accomplishing the goal. The path to achieving the objective must be meaningful and motivating.

Answer:

Measurable

Explanation:

If a perfectly competitive firm shuts down for a holiday, it must still pay its: O variable cost. O marginal cost O total cost. O fixed costs.

Answers

If a perfectly competitive firm shuts down for a holiday, it must still pay its fixed costs. Fixed costs are the expenses that do not change regardless of the level of production, such as rent, insurance, and salaries of permanent staff. The correct answer is D.

These costs are incurred regardless of whether the firm is operating or not. However, the firm will not have to pay variable costs such as raw materials, utilities, or hourly wages for temporary staff as these costs are only incurred when production is taking place.

In addition, marginal cost and total cost are not relevant in this situation as the firm is not producing anything.

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janyce, a single taxpayer, has agi of $125,000 and paid the following taxes this year. calculate how much janyce can deduct for taxes as an itemized deduction this year.

Answers

The amount Janyce can deduct for taxes as an itemized deduction this year is $15,500, or $13,000 without state sales tax.


Janyce, a single taxpayer, can deduct taxes she has paid as an itemized deduction this year. The total amount she can deduct depends on her Adjusted Gross Income (AGI) and the type of taxes she has paid.

Janyce has an AGI of $125,000. She can deduct state and local income taxes, as well as state and local real estate taxes. She can also deduct sales taxes, personal property taxes, and foreign taxes.

In order to calculate the total amount Janyce can deduct for taxes as an itemized deduction, she must add up the total taxes she has paid in these categories.

For example, if Janyce paid $1,000 in state income tax,

$500 in local income tax,

$1,500 in real estate taxes,

$500 in sales taxes, she can deduct a total of $3,500.

Janyce must make sure not to exceed the AGI threshold for each of these categories. For example, if Janyce’s AGI is $125,000, the maximum deduction for state and local income taxes is $10,000. If her total state and local income taxes are more than $10,000, she can only deduct the maximum amount of $10,000.

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What type of business sells to the end consumer

Answers

Answer:

business-to- consumer (B2C)

Explanation:

Commerce is a business model which typically involves the buying and selling of goods or products at a given price.

Generally, commerce comprises of four (4) business models and these are;

1. Business to Business (B2B).

2. Consumer to Consumer (C2C).

3. Business to Government (B2G).

4. Business to Consumer (B2C).

A Business to Consumer (B2C) can be defined as a market which typically involves businesses selling their goods and services directly to the end consumers for their personal use.

Hence, the type of business that sells to the end consumer is known as business-to- consumer (B2C).

Some examples of companies that engage in the Business to Consumer (B2C) business model are; Amazon, Goo-gle, Walmart, Alibaba, Uber, LinkedIn, etc.

What are the six basic step of the problem solving process? HURRY I NEED THIS QUICK
WILL GIVE BRAINLIEST

Answers

Answer:

1) identify your problem: Try to describe the problem as much as possible, as opposed to focusing on the potential consequences or implications of the problem.

2) Pin point the problem

3) so that means you should do research based on the problem ^

4)Try evaluating the problem.. perhaps looking at it in perspective ^

5)see how the problem could affect you or others

6) Then work out a plan to solve the problem

Answer:

1) Identify the root problem

2) Identify the factors and causes

3) Generate alternative solutions

4) Decide on the best solution

5) Implement solution

6) Evaluate the results

Explanation:

if you had $1100000000000 what would with it and why

Answers

Answer: buy my school than demolish it

Explanation:

Answer:

i'll buy

Why:

Why? it's because i had $1100000000000

Please help me with this credit card assignment! (Personal Finance) I need this done by tomorrow! Please help! I’d greatly appreciate it!

Credit Card #1
Truth in Lending Disclosure Statement

Annual Percentage Rate (APR)
1 percent for the first six months after you open the account.
After six months, APR will be 24 percent.

Grace Period
a minimum of twenty-five days to repay without finance charges if the previous balance is paid in full by the due date

Annual Fee
$0

Other Fees
cash advance fee: the greater of $5 or 3 percent of the amount of the cash advance; late payment fee: $30; over-the-limit fee: $30

Credit Card #2
Truth in Lending Disclosure Statement

Annual Percentage Rate (APR)
19.9 percent

Grace Period
a minimum of twenty-five days to repay without a finance charge if previous balance is paid in full by the due date

Annual Fee
$20

Other Fees
cash advance fee: the greater of $3 or 3 percent of the amount of cash advance; late payment fee: $30; over-the-limit fee: $20; returned check fee: $20

Credit Card #3
Truth in Lending Disclosure Statement

Annual Percentage Rate (APR)
19.9 percent

Grace Period
a minimum of twenty-five days to repay without finance charges if the previous balance is paid in full by the due date

Annual Fee
annual membership fee: $50
annual participation fee: $60 ($5 charged monthly)

Other Fees
cash advance fee: $20; balance transfer fee: $25; late payment fee: $20. over-the-limit fee: $20


(Part One)
Read each of the above Truth in Lending Disclosure Statements and answer the questions that follow.

What happens to the interest rate after six months for credit card #1?

Which credit cards have an annual fee?

Is the grace period the same for each of these credit cards?

What fees does credit card #3 have that the other cards do not?

As a good steward, you will pay your credit card bill on time and you will pay the balance each month. Which credit card is the best for you?

1. What happens to the interest rate after six months for credit card #1?
2. Which credit cards have an annual fee?
3. Is the grace period the same for each of these credit cards?
4. What fees does credit card #3 have that the other cards do not? 5.
As a good steward, you will pay your credit card bill on time and you will pay the balance each month. Which credit card is the best for you?

(Part Two)
Go online or visit a financial institution to find information about three credit cards. Some credit cards offer incentives, such as miles toward a free flight or 1 percent back on every dollar you spend. Research information about annual fees, APR, and incentives that credit cards offer. Write two paragraphs of 250 words total, one paragraph about the three credit cards you researched and one paragraph stating which credit card would be best for you and why.

Answers

Explanation:
Part One:

After six months, the APR for credit card #1 will be 24 percent.

Credit card #1 and credit card #2 do not have an annual fee. Credit card #3 has an annual membership fee of $50 and an annual participation fee of $60 ($5 charged monthly).

Yes, the grace period is a minimum of twenty-five days to repay without finance charges if the previous balance is paid in full by the due date for all three credit cards.

Credit card #3 has a balance transfer fee of $25 that the other cards do not have.

As a good steward who pays their credit card bill on time and pays the balance each month, credit card #1 would be the best option as it has a 0 percent APR for the first six months, no annual fee, and the same grace period as the other cards.

Part Two:

After researching three credit cards, I found that Credit Card A has an annual fee of $95, an APR of 17.49 percent to 24.49 percent, and offers 2 miles per dollar spent on travel and dining. Credit Card B has no annual fee, an APR of 15.49 percent to 25.49 percent, and offers 1.5 percent cashback on every dollar spent. Credit Card C has an annual fee of $550, an APR of 16.99 percent to 23.99 percent, and offers a wide range of travel benefits, including access to airport lounges, a $200 annual airline credit, and 5 points per dollar spent on air travel and hotels.

Based on my research, I believe that Credit Card B would be the best option for me. While Credit Card A offers good rewards for travel and dining, the annual fee is quite high. Credit Card C also has a high annual fee, and while the travel benefits are appealing, I don't travel enough to make full use of them. Credit Card B, on the other hand, has no annual fee and offers a competitive cashback rate on every dollar spent, making it a good choice for everyday use. Additionally, the APR range is comparable to the other cards, and the grace period is the same as the other cards, giving me the flexibility to pay my balance in full each month without incurring finance charges.

What happens to the interest rate after six months for credit card #1? After six months, the APR for credit card #1 will be 24 percent.Which credit cards have an annual fee? Credit card #2 has an annual fee of $20. Credit card #3 has an annual membership fee of $50 and an annual participation fee of $60 ($5 charged monthly).Is the grace period the same for each of these credit cards? Yes, the grace period is the same for all three credit cards, which is a minimum of twenty-five days to repay without finance charges if the previous balance is paid in full by the due date.What fees does credit card #3 have that the other cards do not? Credit card #3 has a cash advance fee of $20 and a balance transfer fee of $25. It also has an annual membership fee of $50 and an annual participation fee of $60 ($5 charged monthly).As a good steward, you will pay your credit card bill on time and you will pay the balance each month. Which credit card is the best for you? Credit card #1 would be the best choice for a good steward who pays their credit card bill on time and in full each month since it has no annual fee and offers a lower introductory APR of 1 percent for the first six months. This will allow the cardholder to save money on interest charges during the first six months, which can be useful if they need to make a large purchase and need some time to pay it off. However, it's important to note that if the balance is not paid in full by the due date, the APR will increase to 24 percent, which is significantly higher than the other two credit cards.

what does a high employment rate include?

Answers

A high employment rate is a good thing, high employment is when all of our available labor resources are being used in the most efficient way possible
A high employment rate increases the stock market. Additionally, if an employment rate is low then less people will have money to spend therefore decreasing the profits that a specific country will gain.

The title of this talk is “Profit’s Not Always the Point.” But do you think profit is an added perk for companies that make the effort to promote positive social change? Explain.

Answers

yes, no matter what company say, they need money for funding for "social change"

Which of the following assets is likely to be considered the most liquid Select one: a. Net fixed assets b. Marketable securities c. inventories d. Accounts payable

Answers

Marketable securities is the most liquid asset (option b).

An asset is an economic resource that can be owned or managed to generate economic value. In accounting, an asset is classified as something that an organization possesses or has under its control and can be used to create future economic benefits.Liquidity: Liquidity refers to a company's ability to convert its resources into cash to meet its obligations as they come due. It's the degree to which a company or asset can be sold or purchased on the open market.

The term "liquid" refers to the ease with which an asset can be transformed into cash without affecting its value.The most liquid asset is Marketable securities. Marketable securities are easily convertible into cash, making them a very liquid investment alternative. Marketable securities are stocks, bonds, or other investments that are quickly traded on a secondary market to generate liquidity. Marketable securities are, without a doubt, the most liquid asset type. The correct option is b.

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) Outline two ways VKW might be affected by increased import controls.​

Answers

Answer:

see below

Explanation:

Increased import control tends to increase the cost of imports. For a business that depends on imports for its raw materials, increased control will have the following effects.

Can delay or halt production. Increase import control may affect the cost of imports and the quantity of material or parts imported.   VKW may be unable to import all the materials it requires for production. This may force it to slow down production before it can get alternative suppliers. Increase in product prices: Imports control might include a rise in import tariff making imports expensive. VKW is likely to increase the price of its products to maintain its profitability.

Jay Harrod and 2 trainees were sent to a 2 day sales seminar. The registration fee was $165 per person. Training materials cost $35 per person. Harrod earns a yearly salary of $52,000 and the 2 trainees earn $14.50 per hour each for a standard 40 hour work week. What were the total training costs?

Answers

Answer:

$1,232

Explanation:

the training costs include:

registration fees = $165 x 3 = $495

training materials = $35 x 3 = $105

trainees' wages = 2 x 8 x $14.50 = $232

Harrod's wage = ($52,000 / 52 weeks) x 2/5 days = $400

total training cost = $1,232

Employees must be paid their normal salary when they attend training sessions.

is how much, or the quantity of a product or service that is desired by buyers at a given price.

Supply

Demand

Market economy

Command economy

Answers

I believe the answer is Demand.
My explanation would be the fact that demand means how much a target market wants a certain product.

Which of these is an example of business ownership?
A. A wage earner at a company
B. A day trader of stocks
C. A hair salon franchisee
D. A freelance journalist

Answers

A is the right answer

Answer:

a hair salon franchise

Explanation:

i just did the question

HELP PLEASE, THIS IS TIMED!!!!!!​

HELP PLEASE, THIS IS TIMED!!!!!!

Answers

Explanation:

I think the answer it's c

If the marginal propensity to consume (MPC) is 0.75, and if the goal is to increase real GDP by $400 million, then by how much would government spending have to change to generate this increase in real GDP? Group of answer choices

Answers

Answer:

Government spending would have to change by $1.6 billion

Explanation:

The marginal propensity to consume (MPC) refers to the proportion of an increase in aggregate income that is spent on consumption of commodities by a consumer.

Since from the question, we have:

MPC = Marginal propensity to consume = 0.75

The MPC can therefore be used to calculate the fiscal multiplier which measures the effect of government spending on real GDP as follows:

Fiscal multiplier = 1 / (1 - MPC) = 1 / (1 - 0.75) = 1 / 0.25 = 4.0

Therefore, we have:

Change in government spending = Fiscal multiplier * Amount of targeted increase real GDP = 4.0 * $400 million = $1.6 billion

Therefore, government spending would have to change by $1.6 billion to generate $400 million increase in real GDP.

Putting money into more than one kind of investment at a time is called liquidity. sunken cost. diversification. compound interest.

Answers

Answer:

diversification

Putting money into more than one kind of investment at a time is called diversification.

What is diversification?

Diversification is the process of investing in diverse opportunities so as to reduce non-systemic risks. For example, if a person buys the stock of a health care company, in order to diversify, the person might invest in the stocks of an automobile company.

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which of the following statements is true about bureaucracy?

Answers

One true statement about bureaucracy is that it aims to establish a clear chain of command. Another true statement is that it relies on strict rules and procedures. Furthermore, bureaucracy involves specialized roles.

bureaucracy is a system of government or organization characterized by hierarchical structure, strict rules and procedures, specialized roles, and a clear chain of command. It is commonly associated with large organizations, such as government agencies and corporations. The main purpose of bureaucracy is to ensure efficiency, consistency, and accountability in decision-making and operations.

One true statement about bureaucracy is that it aims to establish a clear chain of command. This means that there is a defined hierarchy of authority, with each level having specific responsibilities and reporting to the level above it. This helps in maintaining order and coordination within the organization.

Another true statement about bureaucracy is that it relies on strict rules and procedures. These rules are designed to ensure consistency and fairness in decision-making. They provide a framework for how tasks should be performed and how individuals should interact within the organization.

Furthermore, bureaucracy involves specialized roles. Different individuals have specific job descriptions and responsibilities based on their expertise and qualifications. This division of labor allows for efficient utilization of skills and knowledge.

However, it is important to note that bureaucracy is not without its criticisms. It can be seen as slow, inflexible, and prone to red tape. The strict adherence to rules and procedures can sometimes hinder innovation and adaptability. Additionally, the hierarchical structure may lead to a lack of communication and collaboration between different levels of the organization.

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If I-phone company is looking to offer insurance for the phones and estimates that 1 million Iphone users will buy their insurance and they will charge 250 taka per phone for a year. They will pay 50000 taka for the loss of the phone (like stolen, fire, lost) and will pay 10000 taka for damage. If the company estimates 2500 people will claim full loss and 5000 customers will ask for partial damage. If I-phone company deposits the money at 8% interest for six months and paid 5 crore taka for underwriting then what will be their profit or loss?

Answers

If I-phone company deposits the money at 8% interest for six months and paid 5 crore taka for underwriting then the total profit of the company 35,000,000 taka profit.

If I-phone company is looking to offer insurance for the phones and estimates that 1 million I phone users will buy their insurance and they will charge 250 taka per phone for a year, then the total amount of money they will receive from the customers is 250 x 1,000,000 = 250,000,000 taka.

The company will pay 50000 taka for the loss of the phone (like stolen, fire, lost) to 2500 people,

which amounts to 50,000 x 2,500 = 125,000,000 taka.

They will also pay 10000 taka for damage to 5000 customers, which amounts to 10,000 x 5,000 = 50,000,000 taka.

The total amount of money the company will pay for the claims is 125,000,000 + 50,000,000 = 175,000,000 taka.

If I-phone company deposits the money at 8% interest for six months,

they will earn an interest of (250,000,000 x 8% x 6/12) = 10,000,000 taka.

The company also paid 5 crore taka for underwriting, which is equivalent to 50,000,000 taka.

Therefore, the total profit or loss of the company will be (250,000,000 + 10,000,000) - (175,000,000 + 50,000,000) = 35,000,000 taka profit.

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The average national utility price is $270. 48. Over a 6-month period, what is the average utility price in Dallas? How does this compare with the national average?.

Answers

Utility Costs conveys utility and home energy costs incidental to the residency of rental place.

What utility price?

The average national utility price is $270.48 Over a 6-month period, then the average utility price in Dallas will be $326 which is Higher than the national average.

The average rate of Dallas are always higher than the national utility price. Amusement in the cities and daily utilization from families in higher economic set brought to this number.  

The cost of living in particular state is higher than national average rate because of the boom cycle.

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Answer:

it’s B

Explanation:

Although you have to get ready for a date, you are considering playing one more video game. You will choose to play the game if?

Answers

Although you have to get ready for a date, you are considering playing one more video game. You will choose to play one more game if your date says they will be a little late.

When meeting someone for a date, there are some things one needs to be sure of like always being on time, the personal gestures, volunteering to pay the bill if not then asking to split the bill in half. Being a good listener than a good talker and also being aware of your table etiquette, treating the waiter or waitress with respect, complementing your date.

All of these are the key factors that decide whether you are meeting with them again or not because it not the food that they are going to remember, it's your behavior that is going to move ahead.

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Which of the following most accurately identifies a private equity investment in income-producing real estate?
A. Direct ownership of real estate properties.
B. Investment in a real estate investment trust (REIT).
C. Private market mortgage lending by an insurance company.

Answers

Option B, investment in a real estate investment trust (REIT), is the most accurate choice for identifying a private equity investment in income-producing real estate.

B. Investment in a real estate investment trust (REIT).

Among the given options, investment in a real estate investment trust (REIT) most accurately identifies a private equity investment in income-producing real estate.

A real estate investment trust is a company that owns, operates, or finances income-generating real estate properties. REITs allow investors to pool their capital to invest in a diversified portfolio of real estate assets. Investors can buy shares of a publicly traded REIT or invest in a private REIT, depending on availability.

Private equity investors often invest in REITs as a way to gain exposure to income-producing real estate without directly owning and managing properties. By investing in a REIT, private equity investors can participate in the potential rental income and property appreciation generated by the underlying real estate assets.

Option A, direct ownership of real estate properties, does involve private equity investment in real estate, but it does not specifically refer to income-producing properties, which is the focus of the question.

Option C, private market mortgage lending by an insurance company, is not a private equity investment in income-producing real estate. It refers to lending funds for real estate mortgage purposes, which is a different type of investment activity.

Therefore, option B, investment in a real estate investment trust (REIT), is the most accurate choice for identifying a private equity investment in income-producing real estate.

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The increased number of news and infotainment options has resulted in __________ in which media outlets focus on a particular interest and aim at a particular audience.

Answers

The increased number of news and infotainment options has resulted in a phenomenon known as media fragmentation, in which media outlets focus on a particular interest and aim at a particular audience.

As a result of media fragmentation, audiences are increasingly able to choose from a range of news sources that align with their political beliefs, personal interests, and lifestyle preferences. This has led to a decline in traditional mass media outlets, such as newspapers and broadcast news, which have struggled to adapt to the changing media landscape.

While media fragmentation has created new opportunities for targeted advertising and audience engagement, it has also raised concerns about the role of media in shaping public opinion and political discourse. Some critics argue that media fragmentation has contributed to the rise of echo chambers, in which individuals are only exposed to information.

Overall, media fragmentation has fundamentally changed the way we consume and interact with news and information, and has challenged traditional models of media ownership and control.

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The terrestrial ecosystems with highest primary production are usually those that are Group of answer choices higher temperatures and higher moisture. cool and dry higher temperatures and lower moisture. intermediate in both temperature and moisture. lower temperatures and higher moisture.

Answers

The terrestrial ecosystems with the highest primary production are usually those that have higher temperatures and higher moisture.

Primary production refers to the process by which plants and other photosynthetic organisms convert solar energy into organic matter through photosynthesis. It is the foundation of energy flow in ecosystems and is measured by the amount of biomass (organic matter) produced per unit area per unit time.

Higher temperatures and higher moisture provide favorable conditions for plant growth and photosynthesis. Warmer temperatures enhance enzyme activity and metabolic processes, facilitating photosynthesis. Adequate moisture availability ensures the availability of water, which is crucial for photosynthetic reactions and the transport of nutrients within plants.

These favorable conditions are often found in tropical rainforests and wetlands, where high temperatures and abundant rainfall create a conducive environment for plant growth. These ecosystems typically exhibit high levels of primary production due to the presence of diverse plant species and optimal environmental conditions.

In contrast, ecosystems with lower temperatures and higher moisture, such as boreal forests or tundra regions, may have lower primary production due to limitations imposed by cold temperatures and shorter growing seasons.

Therefore, ecosystems characterized by higher temperatures and higher moisture tend to have the highest primary production.

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what is a business plan

Answers

Answer:

a document setting out a business's future objectives and strategies for achieving them

Explanation:

Which of the following is not one of the potential responses to a specific risk event?
A. Sharing
B. Transferring
C. Ignoring
D. Mitigating
E. Retaining

Answers

Ignoring is not one of the potential responses to a specific risk event.

What is specific risk?For investors, specific risks are hazards specific to a particular company, industry, or sector. This is the opposite of general market risk or systematic risk. Certain risks are also known as non-systematic or diversifiable risks.Specific risk is the risk that an event will occur that  directly or indirectly affects the market value of an asset or a particular group of assets. Rumors of raw silicon shortages, for example, are a particular risk  computer and tech stocks are exposed to. Examples include news  specific to a stock or  group of companies, such as the loss of a patent or a major natural disaster affecting corporate operations. Unlike systematic  or market risks, certain risks can be diversified.

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Why would a person change their business status to a LLC?

A. To gain tax breaks

B. To limit their personal liability

C. To help obtain funding through the sale of stock

D. Because it is the easiest form for setting up your business

Answers

Answer:

A) to gain tax breaks

Explanation:

A common reason for changing a co. to an LLC is to avoid double taxation

A should be correct

Suppose that the calculated value of r between cognitive ability and job performance is 0.73. How much variation in job performance is explained by the variation in cognitive ability?

Answers

Answer:

53.28%

Explanation:

The correlation coefficient (r) between cognitive ability and job performance is provided as 0.73. Therefore, the coefficient of determination is calculated as follows:

Coefficient of determination = r² = 0.73² = 0.5329

Therefore, 53.28% can be concluded to be the variation in job performance as explained by the cognitive ability.

government decides to decrease this price floor to 380 . The quantity traded increases to 180 . When the price floor was 450 , there was a welfare loss. When the price floor is changed to 380 , there is still a welfare loss. By how much has the welfare loss declined? Select one: a. 19 ′ 740
b. 16 ′ 380
C. 7 ′ 450
d. Information is missing to answer Your answer is correct. The correct answer is: 16380

Answers

The amount that the welfare loss has decline by, given the price floor and the quantity traded is B. 16, 380.

How to find the welfare loss ?

Find the deadweight loss at Price floor of 450 and Quantity of 40 to be:

= 1 / 2 x ( Price floor - Price ) x ( Equi quantity - Quantity after price floor )

= 1 / 2 x ( 450 - 228 ) x ( 188 - 40 )

= $ 16, 428

After the price floor = 380. Quantity would be 180 so the deadweight loss is:

= 1 / 2 x ( 380 - 368 ) x ( 188 - 180 )

= $ 48

The decline in welfare loss is:

= 16, 428 - 48

= $ 16, 380

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government decides to decrease this price floor to 380 . The quantity traded increases to 180 . When
Other Questions
A readers blank is the extent to which he or she is engaged with or focused on what is being read. Consider the following economy: C=360-200r+0.2Y 1=120-200r G=120 (M/P)P=100+0.27-200r P=2. Ms=300 C=consumption, Y=output, 1=investment, G=government spending, r=interest rate, (M/P)D =real demand for money, P=prices and Ms =money supply. (a) Find the algebraic expression for the IS curve and the LM curve and explain why the slope of the IS curve is negative while the slope of the LM curve is positive. (10 marks) (b) Find the equilibrium interest rate (r) and the equilibrium level of output (Y). (10 marks) (C) Suppose the central bank increases the money supply (M$ ) from 300 to 400. What is the new equilibrium level of interest rate and output? Explain your answer using words and a relevant graph. What is the 4th partial sum for the geometric sequence where a1=18 and r = 2a. -18b. 288c. 270d. 152 Khalid is writing an argumentative essay that claims that wildfires contribute to climate change. He needs tofind data to support his ideas but is having trouble locating the information. The best solution for Khalid wouldbe toO consult a librarian.O interview a firefighter.O view pictures of wildfires online.O read a book about climate change. a patient is to receive nitroglycerin ointment, 1 inch, stat, for elevated blood pressure. what must the nurse do before giving this drug? a patient is to receive nitroglycerin ointment, 1 inch, stat, for elevated blood pressure. what must the nurse do before giving this drug? shave the hair off the patient's chest. don a pair of disposable gloves. place the patient on a heart monitor. measure the dose directly on the patient's skin. A particle of mass m moves in the xy plane in a circular path of radius R. Find the magnitude and direction of its angular momentum relative to the origin located at the center of the circle when its velocity is v and its sense of rotation is counterclockwise. 6. Exercise 3 Use the spelling rules in this lesson to spell the words indicated. guide + -ance Help me please please help u will get points Find the experimental probability Roll dice 1,3,3,4,4 P(1)= Ill give brainleist Calculate the molarity of a solution prepared by dissolving 12.5 g of Na2CrO4 in enough water to produce a solution with a volume of 890. mL A case study in this chapter discusses the federal minimum-wage law. a. Suppose the minimum wage is above the equilibrium wage in the market for unskilled labor. Using a supply-and-demand diagram of the market for unskilled labor, show the market wage, the number of workers who are employed, and the number of workers who are unemployed. Also show the total wage payments to unskilled workers. b. Now suppose the secretary of labor proposes an increase in the minimum wage. What effect would this increase have on employment? Does the change in employment depend on the elasticity of demand, the elasticity of supply, both elasticities, or neither? c. What effect would this increase in the minimum wage have on unemployment? Does the change in unemployment depend on the elasticity of demand, the elasticity of supply, both elasticities, or neither? d. If the demand for unskilled labor were inelastic, would the proposed increase in the minimum wage raise or lower total wage payments to unskilled workers? Would your answer change if the demand for unskilled labor were elastic? what are some things that older adults should do to maintain normal glucose metabolism (i.e., prevent diabetes) as they age? correct answers will get brainlest!! (sorry if i spelled it wrong)A farm lets you pick 2 pounds of blueberries for 5 dollars.1. the unit rate of dollars to pounds is ___ dollars per 1 pound2. the unit rate of pounds to dollars is ___ pounds per 1 dollar Question 274A student is writing a research report about early rallroads in the United States. He Is gathering Information for the report. Which Internetsearch term is most likely to produce the information the student is looking for?Orailroads and trainsOrailroads and their originsOhistory of trains in the United StatesO history of railroads in the United States please help me i really need help please help me what does research from epidemiological studies suggest about children from ethnic minority groups that face extreme hardship early in life? Find the value of -7 - 8 - (-8) - 7. -30 14 0 -14 The state with the most hispanics is after the reactions are complete, suppose you have found that the reaction with 2-fluoro-5-nitropyridine was faster than the reaction with 2-bromo-5-nitropyridine. what is the most likely explanation for this observation? What name is given to the Sahara by the Muslims?