Competing businesses often engage in more heated The right response is: when there is a modest increase in demand for the product.
Low switching costs for customers, and substantial direct effects on competitors from any one company's efforts to increase market share. In a sector with modest development, competition will be fierce. Competitive rivalry will be ferocious if fixed costs in the industry are high. The presence of undifferentiated or commodity products in the business will also result in fierce competition. An indicator of how fiercely existing firms compete is the level of competitive rivalry. Competitors may reduce prices, spend more on advertising, or invest in service and product innovation in order to stay competitive, which might limit profitability.
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Imagine the tea market has a demand function of QDX = 10 – 2PX and a supply function of QSX = PX − 2, where PX is the price of the tea. Assuming the price is at equilibrium, calculate the equilibrium price (P*).
Consider a market for tea where the supply function is QSX = PX 2 and the demand function is QDX = 10 - 2PX, where PX is the price of the tea. Considering that the price is balanced, , the equilibrium price (P*) is 4.
To find the equilibrium price (P*), we need to set the demand and supply functions equal to each other and solve for PX:
QDX = QSX
10 – 2PX = PX – 2
Adding 2PX to both sides:
10 = 3PX – 2
Adding 2 to both sides:
12 = 3PX
Dividing both sides by 3:
PX = 4
Therefore, the equilibrium price (P*) is 4.
Equilibrium price is the price at which the quantity demanded of a product or service equals the quantity supplied, resulting in a market in which there is no shortage or surplus of the product. It is the price where buyers and sellers are in agreement, and there is no tendency for the price to change.
At the equilibrium price, the market is said to be in a state of balance, where the quantity of goods or services supplied by producers is equal to the quantity demanded by consumers, resulting in an efficient allocation of resources.
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Bren Co.’s beginning inventory on January 1 was understated by $26,000, and its ending inventory on December 31 was overstated by$52,000. As a result, Bren’s cost of goods sold for the year was a. Understated by $26,000. b. Overstated by$78,000. c. Understated by $78,000. d. Overstated by$26,000. International Financial Reporting Standards are tested on the CPA exam along with U.S. GAAP. The following questions deal with the application of IFRS.
The correct answer is Option b. i.e. Overstated by $78,000.
Since the beginning inventory was understated by $26,000, the cost of goods sold was understated by the same amount. Similarly, since ending inventory was overstated by $52,000, the cost of goods sold was overstated by that amount. The combined effect is an overstatement of $26,000 + $52,000 = $78,000 in the cost of goods sold for the year.
The cost of goods sold (COGS) is an important accounting figure that represents the direct costs of producing and selling goods. It includes the cost of the materials used, direct labor costs, and other expenses directly related to the production of goods.
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which of the following forecasting techniques generates trend forecasts? a. delphi method c. moving averages e. none of these b. sales force composites d. single exponential smoothing
The forecasting techniques that generate trend forecasts are:
Moving averagesSingle exponential smoothingThe correct options are c and d.
Why are moving average smoothing techniques used in forecasting?Moving averages are one of the most commonly used techniques for preprocessing time series. They are used to remove random "white noise" from data, smooth the time series, or even highlight specific informational components in the time series.
A moving average is a statistical technique for calculating the overall trend in a data set. The data set in operations management is the company's sales volume from historical data. This method is excellent for predicting short-term trends. It is simply the mean of a set of time intervals.
Thus, the ideal selections are options c and d.
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What Do Economists Think about the Minimum Wage?
The Economists think about the Minimum Wage, they think about the wage is reduced the chances of exploitation and it worked provide for the minimum rate.
The minimum wage is the lowest wage and the wage which is permitted by the special agreement. The amount of remuneration which an employer is required to be paid wage earners for work performance during the given interval of time.
The example of the minimum wage is the price floor as the wage or the price of labor it can not go below this level.
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John Burke, who promoted the Buffalo Bill show, was one of the first PR agents _____.a. to use a variety of media channels
b. to stage events to secure newspaper coverage
c. to employ women at a PR firm
d. to do none of the above
John Burke, who promoted the Buffalo Bill show, was one of the first PR agents to stage events to secure newspaper coverage. So the option b is correct.
He was hired by William F. "Buffalo Bill" Cody in 1883 to help promote his Wild West show. Burke used stunts such as sending deputies to arrest Cody at a show in New York City and then having him escape in a hot air balloon.
He also arranged for Cody to be named an honorary chief of the Sioux nation. He also staged events such as having Cody ride a horse up the steps of the U.S. Capitol, and having Cody and Sitting Bull reenact their fight at the Little Bighorn. These events helped to create a myth of Cody that was exploited to draw crowds to the show.
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what are emergent properties give two examples
Emergent properties are properties of a system that arise when multiple components of a system interact in a non-linear manner, resulting in behavior that cannot be predicted based on the properties of the individual components.
Two examples of emergent properties are flock behavior in bird flocks and the collective intelligence of ant colonies. Swarming behavior in flocks of birds is an emergent trait where individual birds adjust their flight direction based on the directions of their neighbors. The collective intelligence of ant colonies is another example of an emergent property. It is the result of their collective behavior and interactions between individual ants.
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how does a depository institution differ from an industrial corporation
A depository institution differs from an industrial corporation with respect to its purpose and regulations.
A depository institution's main line of business is collecting customer deposits, which are then employed to fund loans and other investments. An industrial organisation, in contrast, focuses primarily on the production and sale of goods. Deposit funding is essential to the lending and investing operations of depository institutions. Whereas, Industrial corporations, may finance their operations through a mix of retained earnings, debt financing, and equity financing.
Depository institutions also have to comply with far stricter regulatory scrutiny than commercial enterprises. This is because they are responsible for holding both individual and corporate deposits and because the stability of the banking system is essential to the economy's general health. Industrial firms, however, are nevertheless liable to industry-specific regulations despite being subject to a less extensive set of rules.
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real estate definition
Real estate refers to land and any physical property that is permanently attached to it, including buildings, houses, and other structures.
Real estate is often considered a tangible asset, and it is an important part of many people’s personal wealth and investment portfolios.
Real estate is a significant component of the economy, and its value is influenced by various factors, including location, condition, and demand. Real estate is typically bought and sold through a transaction process that involves real estate agents, brokers, and lawyers, and the transfer of ownership is typically documented through a legal instrument such as a deed.
Real estate can be used for a variety of purposes, including residential, commercial, industrial, and agricultural, and the use of the property will often impact its value. Real estate is subject to property taxes, zoning regulations, and building codes, which can impact the value and potential uses of the property. Overall, real estate is an important asset class with a significant impact on individuals, businesses, and the broader economy.
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which of the following accurately describes the difference between how open market operations are used in a banking system with limited reserves compared to a banking system with ample reserves? responses in a banking system with limited reserves, open market operations are used to maintain sufficient reserves, whereas in a banking system with ample reserves, open market operations are used to indirectly influence the nominal interest rate by changing the money supply. in a banking system with limited reserves, open market operations are used to maintain sufficient reserves, whereas in a banking system with ample reserves, open market operations are used to indirectly influence the nominal interest rate by changing the money supply. in a banking system with limited reserves, open market operations are used to indirectly influence the nominal interest rate by changing the money supply, whereas in a banking system with ample reserves, open market operations are used to maintain sufficient reserves. in a banking system with limited reserves, open market operations are used to indirectly influence the nominal interest rate by changing the money supply, whereas in a banking system with ample reserves, open market operations are used to maintain sufficient reserves. in a banking system with limited reserves, open market operations are used to directly adjust the nominal interest rate, whereas in a banking system with ample reserves, open market operations are used to indirectly influence the nominal interest rate by changing the money supply. in a banking system with limited reserves, open market operations are used to directly adjust the nominal interest rate, whereas in a banking system with ample reserves, open market operations are used to indirectly influence the nominal interest rate by changing the money supply. in a banking system with limited reserves, open market operations are used to indirectly influence the nominal interest rate by changing the money supply, whereas in a banking system with ample reserves, open market operations are used to directly adjust the nominal interest rate. in a banking system with limited reserves, open market operations are used to indirectly influence the nominal interest rate by changing the money supply, whereas in a banking system with ample reserves, open market operations are used to directly adjust the nominal interest rate. in a banking system with limited reserves, open market operations are a non-operational monetary policy tool, whereas in a banking system with ample reserves, open market operations are an operational monetary policy tool.
In order to change the federal funds rate for monetary policy, the Federal Reserve employs open market operations (OMO), such as buying or selling U.S. Treasuries.
What distinguishes open market transactions from bank rates?3. During a deflation, bank rates are lowered to raise the amount of money in circulation, while on the open market, the central bank purchases all of the assets to free up liquidity for the economy.
What are open market operations? How is it used to regulate the amount of money in the economy?Open market operations refer to the selling and buying of Treasury Bills and other Government Securities by the Central Bank of Any Country to Control the Money Supply in the Economy. It is one of
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are dividend yield and stock price positively correlated?
There is a substantial connection between the cash dividend as well as share price, which means that an increase in stock price is positively correlated with an increase in cash dividend.
The price of a stock often rises after a dividend is declared. Even so, since a dividend payment increases this same shares in circulation while the company's value holds steady, it dilutes this same book value per ordinary shares, causing the stock price to fall. According to the findings, the dividend and payout ratio of dividends both have a significantly adverse correlation with stock price volatility. Dividend yields fluctuate and are inversely related to stock prices. The yield goes up when the stock price falls as well as falls when the stock price rises. Dividend yield lets you contrast different companies' dividend payments and help assess them as investments.
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True or False in effect, a counteroffer converts the original offeror into an offeree with the power of acceptance.
True, In a counteroffer, the original offeree becomes the offeror, and the original offeror becomes the offeree.
Who is referred to as the offeree?The offeree is the party to whom an offer is made under contract law. The offeree has the authority to accept or decline the offer. A legitimate contract must be created when one party makes an offer to another and that offer is accepted by the other party. The offeree is the party to whom the offer is made, and they have the authority to accept or reject the offer.
The offeree may be an individual, a group of individuals, or a legal entity such as a corporation. The offeror may make an offer to the offeree in writing, orally, or through conduct. For example, if a seller offers to sell a car to a buyer for a certain price, the buyer is the offeree in this scenario, and they have the power to accept or reject the offer.
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Which involves financial intermediaries, and which involves financial markets?
A. direct finance requires financial markets, while indirect finance involves financial intermediaries
B. Indirect finance requires financial markets while direct finance involves finance intermediaries
C. Both direct and indirect finance require financial intermediaries and financial markets
D. Neither direct or indirect finance requires the use of financial intermediaries and financial markets
The answer is A. Direct finance requires financial markets, while indirect finance involves financial intermediaries.
Direct finance involves the issuance of securities by borrowers directly to savers, without the involvement of financial intermediaries. This can be done through financial markets, such as stock markets, bond markets, or other securities markets. In this case, the borrowers obtain funding directly from the savers who purchase the securities, without the need for financial intermediaries.
Indirect finance, on the other hand, involves the use of financial intermediaries, such as banks, insurance companies, and pension funds, to channel funds from savers to borrowers. The financial intermediaries collect funds from savers and then lend or invest these funds to borrowers. Indirect finance typically involves financial markets as well, as financial intermediaries may buy and sell securities to manage their portfolios.
Therefore, direct finance requires financial markets as the securities are issued directly to savers, while indirect finance involves financial intermediaries that channel funds from savers to borrowers.
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According to the reading, which is the correct order for the steps in the hiring process? A. Screening B. interviewing candidates C. reviewing D. verifying E. All of the above
The correct order for the steps in the hiring process is A) Screening, B) Reviewing, C) Interviewing Candidates, D) Verifying, and E) Hiring.
Screening: This is the initial step in which the HR department screens and filters out resumes and applications of candidates who do not meet the minimum qualifications and requirements for the job.
Reviewing: After the screening, the HR department reviews the resumes and applications of the candidates who have met the minimum qualifications to determine if they are suitable for the position.
Interviewing Candidates: Candidates who are deemed suitable are invited for an interview with the hiring manager or a panel of interviewers.
Verifying: After the interviews, the HR department verifies the information provided by the candidates such as their work history, education, and references.
Hiring: Based on the results of the interviews and the verification process, the hiring manager makes a decision to offer the job to the candidate who is most qualified and fits well with the company culture.
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How does the target manpower change as the demand rate increases?
a. The target manpower increases.
b. The target manpower stays the same.
c. The target manpower decreases.
d. Cannot determine from the given information.
When the demand rate increases, then target manpower also increases. Option (A) is correct.
What is Demand?In economics, the consumer's desire to buy a product or service is referred to as demand.
It is possible to increase procedure capacity by balancing a procedure. Balancing a procedure with a fixed series of activities will achieve a higher average labor usage than balancing a process with no fixed series of activities. This process has high fixed costs and low variable costs.
Therefore, Option (A) is correct.
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Kraft Foods recently increased its advertising and couponing to its current cheese consumers. It appears Kraft is pursuing what kind of opportunity:
A. Market penetration
B. product development
C. market development
D. mass marketing
E. Diversification
Kraft Foods is pursuing a Market penetration opportunity by increasing its advertising and couponing to its current cheese consumers. Option A is the correct answer.
Market penetration is a growth strategy that involves increasing sales of existing products to current customers or current market segments. By increasing its advertising and couponing to its current cheese consumers, Kraft Foods is attempting to increase its market share and sales within its current market segment.
This strategy aims to encourage current customers to purchase more of Kraft's cheese products, rather than attracting new customers or developing new products. Market penetration is a common strategy used by companies to achieve sustainable growth, and it can be achieved through various tactics such as pricing strategies, promotional activities, and improving product quality.
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Think of an action by a business organization (sole proprietor, partnership, or corporation) that was legal but still strikes you as wrong. What was it? Why do you think it was wrong?
One action that comes to mind is a large corporation laying off a significant number of employees in order to increase profits, even if the company is already highly profitable.
Why is it wrong?While this action may be legal and may make financial sense in the short term, it can have negative impacts on the lives of the employees who are laid off and their families. Losing a job can cause significant financial hardship and emotional stress, and it can be difficult for employees to find new employment, especially if they have specialized skills that are not in high demand.
In addition, the laying off of employees can negatively impact the morale and productivity of the remaining employees who may be fearful of losing their jobs as well, leading to a toxic work environment.
While companies have a responsibility to their shareholders to maximize profits, they also have a responsibility to their employees and the broader community to act ethically and consider the impacts of their actions beyond just financial gain. This is why, even if it may be legal, I believe that laying off a significant number of employees solely to increase profits is wrong.
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A firm has an average accounts payable of $73,763. 00, with COGS reported at $804,902. 00 for the past year. A supplier has offered the firm a large discount if they can reduce days payable to 7 days. What would be the average accounts payable if they take this discount?
By dividing the total (ending or average) accounts payable by the daily payment amount, as given in the formula, the DPO is determined (or per quarter or per month).
DPO = Cost of Goods Sold x Days x Accounts Payable
Accounts Payable (AP): This term denotes the overall state of a business's accounts payable. While some companies base their DPO calculations on the account balance at the conclusion of the relevant period, others might use the average amount of account payable for the relevant period.
Days: This refers to the number of days in the accounting period, which is either 90 days for a quarter or 365 days for an entire year.
Costs of Goods Sold (COGS): This is the price a company pays to make a product.
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which of the following areas of the law are of special concern to international businesses? (check all that apply.) multiple select question. performance of contracts in an international setting immunity from prosecution of visiting foreign heads of state extraterritoriality litigation in an international setting
The following areas of the law are of special concern to international businesses.
performance of contracts in an international settingextraterritorialitylitigation in an international settingThe correct options are A, C, and D.
What are international risks?It includes all of the risks that are unique to the country and will impact the transactions of local companies with foreign investors. Political risk, economic risk, and transfer risk, which is the risk that the government or central bank will not allow capital to leave the country, are all included.
These three areas of the law are of special concern to international businesses. Immunity from prosecution of visiting foreign heads of state is a concern for governments, not businesses.
Thus, the ideal selections are A, C, and D.
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B2B e-commerce relies increasingly on in-person sales calls to businesses.
A growing amount of business-to-business (B2B) e-commerce calls are made in person.
What is meant by E-commerce ?E-commerce, often known as electronic commerce, is the practice of electronically purchasing or reselling goods using online marketplaces or the Internet.
Electronic data interchange (EDI), inventory management systems, electronic funds transfers, supply chain management, internet marketing, online transaction processing, and automated data gathering systems are just a few of the technologies that are used in e-commerce.
The largest segment of the electronics business is e-commerce, which is in turn propelled by technological advancements in the semiconductor sector is the largest among all.
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How are companies promoting their brand leading up to the Super Bowl?
Companies advertising their business ahead of the Super Bowl may launch advertisements only on social media platforms or promote campaigns online.
Advertisements can be categorised into five categories based on the type of medium a business chooses to use to promote its message. Out-of-home or outdoor advertisements are those that target people away from their homes. Customers of a company or organisation might be attracted through advertising. In order to inform or influence the recipients, advertisements are messages that are sent and paid for by their senders. talking about social media Mobile advertising refers to any form of marketing that appears on cellphones and touch screens. Companies can promote on these devices by using SMS text ads or banner ads that are integrated into mobile websites.
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Which one of the following best illustrates an insolvent situation?
A) assets $56,000; annual expenses $60,000
B) assets $78,000; net worth $22,000
C) liabilities $45,000; net worth $6,000
D) assets $40,000; liabilities $85,000
E) annual cash inflows $45,000;
liabilities $50,000
The option that best illustrates an insolvent situation is option D) assets $40,000; liabilities $85,000.
Insolvency occurs when a person or entity's liabilities exceed its assets, meaning that they are unable to pay its debts as they become due.
Option D illustrates this situation, as the entity has $85,000 in liabilities, which is more than its $40,000 in assets.Option A describes a situation where the entity's annual expenses exceed its assets, but it does not necessarily mean that they are insolvent at that moment. Option B describes a situation where the entity's net worth is positive, which means they have more assets than liabilities. Option C describes a situation where the entity's net worth is positive, but its liabilities are relatively high compared to its net worth. Option E describes a situation where the entity's annual cash inflows are less than its liabilities, but it does not provide information about its assets or net worth.For more such questions on Insolvent Situation: brainly.com/question/28173349
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Expenses directly tied to the level of business activity is the definition ofA. variable costs.B. expected value.C. marginal costs.D. fixed costs.
Expenses directly tied to the level of business activity is the definition of variable costs. So the option A is correct.
Variable costs fluctuate with the amount of goods and services produced and sold. Examples of variable costs are direct materials, direct labor, and commissions. Variable costs are contrasted with fixed costs, which are expenses that remain constant regardless of the level of production. Examples of fixed costs are rent, insurance, and salaries.
Variable costs, on the other hand, are costs that move up and down with production. Examples of variable costs include materials, energy, and labor. The more units produced, the higher the variable costs. Variable costs are also called unit-level costs because they vary with the number of units produced.
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1. What would be the best way to visualize latent prints on the following materials: A) matchbook cover (cardboard), B) Popsicle stick, C) Vinyl upholstery, D) Cigarette butt, E) Broken bottle, F) Handkerchief, G) Toilet seat, H) Lightbulb
The best way to visualize latent prints on the following materials are: -
A) matchbook cover (cardboard), - Iodine fuming, Ninhydrin, Silver nitrate
B) Popsicle stick, - Iodine fuming, Ninhydrin, Silver nitrate
C) Vinyl upholstery, - Superglue fuming
D) Cigarette butt, - Iodine fuming, Ninhydrin, Silver nitrate
E) Broken bottle, - Dusting with a fine powder
F) Handkerchief, - Superglue fuming
G) Toilet seat, - Dusting with a fine powder
H) Lightbulb" - Dusting with a fine powder
It is a highly versatile and important chemical that has a wide range of uses in different fields, including photography, medicine, and chemistry. In the field of photography, silver nitrate is used to make black and white photographic prints and film. It is used as a light-sensitive material that reacts to light and produces an image when exposed to light.
In the medical field, silver nitrate is used as an antiseptic and astringent agent. It is often applied topically to treat wounds and burns, as well as to prevent infection and promote healing. Silver nitrate is also used in the field of chemistry, where it is a common reagent for the synthesis of other chemicals. It is used as a precursor to produce other silver compounds, as well as in analytical chemistry to test for the presence of certain ions in a solution.
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formula of unemployment rate
The formula for the unemployment rate is Unemployment rate = (Number of unemployed individuals / Labor force) x 100
The unemployment rate is a measure of the percentage of the labor force that is unemployed and actively seeking work. It is calculated by dividing the number of unemployed individuals by the total number of individuals in the labor force and multiplying by 100.
The labor force includes all individuals who are either employed or unemployed but actively seeking work. It does not include individuals who are not seeking work, such as retirees, stay-at-home parents, or students.
The number of unemployed individuals includes all individuals who are not currently employed but are actively seeking work. It does not include individuals who are not seeking work, such as those who have given up on finding employment.
The unemployment rate is an important economic indicator that provides insights into the health of the labor market. A high unemployment rate can indicate a weak economy, while a low unemployment rate can indicate a strong economy with high levels of job growth.
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Fill The Blank? after a recrystallization, a pure substance will ideally appear as a network of______. ______ . if this is not the case, it may be worthwhile to reheat the flask and allow the contents to cool more choose... .
After a recrystallization, a pure substance will ideally appear as a network of LARGE CRYSTALS. If this is not the case, it may be worthwhile to reheat the flask and allow the contents to cool more SLOWLY.
The idea underlying recrystallization is that when temperature rises, a solvent can dissolve a greater amount of solute. In recrystallization, a solution is formed by dissolving a solute in a solvent at or near its boiling point. Since the solute is significantly more soluble in the solvent at this high temperature, less hot solvent is required than when the solvent is at normal temperature. The amount of solute that is still dissolved dramatically decreases as the solution is cooled after contaminants that are insoluble have been removed. The solution is saturated at the lower temperature and with a significantly lower solute concentration.
The recrystallization process consists of five main steps: dissolving the solute in the solvent; performing a gravity filtration, if necessary; acquiring the solute crystals; collecting the solute crystals by vacuum filtration; and, finally, drying the crystals that are produced.
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real estate is considered an illiquid asset because....?
Real estate is considered an illiquid asset because it cannot be easily converted into cash without incurring significant transaction costs or experiencing a delay in the transaction.
In other words, it is not readily tradable in a market, and its value is not easily determined. The process of buying or selling real estate typically involves several steps, such as finding a buyer or a seller, negotiating a price, obtaining financing, and transferring ownership through legal processes. These steps can take time, and they involve transaction costs such as real estate agent commissions, legal fees, and transfer taxes. Moreover, the value of a real estate can be subject to fluctuations based on various factors, such as changes in the local economy, supply and demand, and interest rates.
As a result of these factors, real estate is considered an illiquid asset, meaning that it is not easily converted into cash. This can be a disadvantage for investors who may need to sell the property quickly or who want to diversify their portfolio.
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how can a company reduce the threat of substitute products or services?
A company can reduce the threat of substitutes through product differentiation or customer value promotion.
According to Michael Porter's Five Forces Theory, a competitive force that has an impact on an industry's profitability is the threat of substitutes. Customers can decide to switch to substitute commodities when their availability rises, which could lower demand and decrease industry sales. Firms might employ tactics like product differentiation or customer value promotion to combat the threat of alternatives.
Product differentiation is the process of developing an original product or service with a value proposition that is difficult for competitors to match. Customers may be willing to pay more for a distinctive product that satisfies their particular wants or preferences, therefore this can help to lessen the attraction of replacements. Customer value promotion is the practice of enhancing a customer's perception of the worth of a firm's commodities, functionality, or performance, giving better customer support or service, or adding extra perks like warranties, deals, or loyalty programs.
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departmental overhead rates correctly assign overhead costs in situations where a company has a range of products and complex overhead costs. (True or False)
FALSE: Rates of departmental overhead in circumstances where a corporation has a variety of products including complex overhead costs, overhead costs should be appropriately assigned is a incorrect statement.
Explain about the complex overhead costs?Rent, electricity, business permits, accounting fees, advertising charges, and payroll are all examples of overhead costs.
While direct expenses, such those for raw materials or manufacturing supplies, are directly tied to the good or service you offer, these prices are typically predictable and continuous.
For the stated question-
When a company has a variety of goods and complex overhead costs, departmental overhead rates cannot be able to assign overhead expenses effectively. This is due to departmental approach only uses allocation bases that are volume-related.Thus, rates of departmental overhead in circumstances where a corporation has a variety of products including complex overhead costs, overhead costs should be appropriately assigned is a incorrect statement.
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Transcribed image text: Question 22 2.5 pts You work for a major athletic shoe company. You are aware that everyone in your industry, and in school athletics departments, routinely violate federal law and NCAA rules. If caught by the FBI your defense of "well everybody does it" will result in your case being dismissed by the court. True O False Question 23 2.5 pts Anytime you find an unjust law you should just ignore it (not follow it) and work to change it. True False Question 24 2.5 pts According to Mr. Cochran you may resort to civil disobedience if your cause is just, it affects most people, you have tried to work through the system, you are willing to pay the fine and/or go to jail, and you remain non-violent. True False Question 25 2.5 pts You are convinced that the speed limit on East University Drive is too low because in your experience similar roads you have traveled on had significantly higher speed limits. Furthermore you think the City of Auburn simply wants to make money off students by issuing tickets there, which is clearly unethical behavior. Therefore you should just ignore the speed limit and drive at whatever speed you want to drive. True O False
22 False it won't be dismissed by court, 23 True unjust law should be changed 24 True resort to civil disobedience is easy
The act of disobeying a government's or a possessing power's demands or orders without using violence or other violent forms of resistance is known as civil disobedience, often known as passive dissent. Its primary goal is to persuade individuals in positions of power to make concessions. When an individual violates the laws of a legal state, it is especially important to consider whether rebellion is ethically justifiable. Most people believe that a legitimate state has a morally justified right to rule its citizens, who are obligated to respect its rules merely because they are those laws.
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The above figure shows the U.S market for chocolate. With international trade, consumer surplus____is equal to A) area C+area D. B) area B area C+area D. C) area A. D) area E E) area A area B+ area C+ area D.
Answer:
area C+ area D is the correct answer.
Explanation: