when is output lower than the efficient level?

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Answer 1

Output is lower than the efficient level when the marginal cost is greater than the marginal cost.

The total quantity produced in an economically efficient market is the number of units for which the highest price any buyer would be willing to pay and the lowest price any seller would be willing to produce the final unit are equal. We have an inefficient output level if the production level is either higher or lower than this level. Value is lost if the output level exceeds or falls below the efficient level as a result of market imperfections such as set prices, fixed output, the market power of sellers or buyers, taxes, tariffs, etc. Deadweight loss is the term used for the value that was destroyed

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wrongful interference with a business relationship requires?

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In order to engage in wrongful interference with a business relationship, one party must purposefully target the customers of the other party and use predatory tactics.

Legal professionals refer to wrongful interference in a business relationship as tortious interference. When appropriate care or consideration for another person is neglected, this constitutes a "tort" on its own. Additionally, businesses themselves are capable of torturing people or other companies. A business tort is referred to as such interference. Tortuous interference is broken down into two primary categories: contract interference and business relations interference. It can be committed by an individual against a business, a business against another business, or a business against an individual.

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Using a perpetual system, what is the cost of goods sold for November if the company uses FIFO? A.. $600 b. $580 C. $610 d. $590

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Using the perpetual system, the cost of goods sold for November is $590 if the company uses FIFO. Here option D is the correct answer.

To calculate the cost of goods sold (COGS) using the FIFO (first-in, first-out) method, we assume that the first items purchased are the first items sold. Thus, the cost of the items sold will be based on the cost of the earliest inventory purchased.

We are not provided with any opening inventory, so we can assume that there was none. The following are the inventory transactions for the month of November:

Nov. 3: Purchased 100 units at $5 each

Nov. 15: Purchased 150 units at $6 each

Nov. 27: Sold 200 units

To determine the COGS, we need to determine the cost of the 200 units sold. Since we are using FIFO, we will use the cost of the earliest inventory first. Therefore, we will use the 100 units purchased on Nov. 3 at $5 each and the remaining 100 units purchased on Nov. 15 at $6 each.

The cost of the first 100 units sold will be $5 each, so the total cost will be $500. The cost of the remaining 100 units sold will be $6 each, so the total cost will be $600. Therefore, the total COGS for November using the FIFO method is $1,100 ($500 + $600).

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opportunity cost refers to how many inputs a producer requires to produce a good. (True or False)

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The correct response is A. Real opportunity cost is the number of inputs needed by a producer to make a good.

What is a producer's main responsibility?

A movie, music record, stage production, or television show's business and finances are managed by producers, often known as film producers. The employment of production personnel, such as directors, crew members, and cast members, creating the production budget, and acquiring intellectual property rights are among their primary responsibilities.

A producer's biology is what?

A: Photosynthesizing creatures are the producers. Any form of green plant is a producer. By absorbing sunlight and applying the energy to create sugar, green plants produce their food. This sugar, also known as glucose, is used by the plant to produce a variety of materials, including wood, needles, roots, and bark.

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when you confront a problem, which of the four economic principles should you consider last?

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Four major economic concepts—scarcity, supply and demand, costs and benefits, and incentives—help explain many of the decisions people make.

A basic understanding of economic theory is not considered as important as balancing a household or learning to drive, but the underlying power of economics research is that it can be applied in every moment of our lives. Make an impact. At its most basic level, economics attempts to explain how and why we make purchasing decisions.

Scarcity describes the fundamental economic problem of the world's limited or insufficient resources to meet seemingly infinite needs. This reality forces people to make decisions about how to use their resources most efficiently. With scarce resources, people are constantly making decisions that are dictated by the costs and benefits and the incentives that different options for action provide. 

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what’s the most important reason why firms and their managersshould carefully choose their supply chain partners?

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The most important reason why companies and their managers should choose their supply chain partners carefully is to ensure that their supply chain is efficient, reliable and cost-effective. By partnering with the wrong supplier, businesses risk quality issues, delays and other financial losses.

For example, if a company chooses a supplier that does not offer quality goods or services, it may suffer customer dissatisfaction, lost profits and damage to its reputation. By carefully selecting the right supplier, businesses can ensure that they receive quality goods and services at the right price, helping to optimize their supply chain and increase their overall profitability.

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Under absorption costing product costs consist of ________ costs.

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Under absorption costing product costs consist of manufacturing costs. All manufacturing costs are included in product costs under absorption costing: direct resources physical work. manufacturing overhead that changes. Whether a product was sold during the period or not, fixed overhead costs are assigned to it using absorption costing.

With this method of costing, more cost is incorporated into the final inventory, which is carried over as an asset to the following period's balance sheet. A method of costing known as "absorption costing" includes all manufacturing expenses. This is how management absorbs the costs associated with a product. Both direct and indirect costs are included in the price.

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a marketing firm has recorded unearned revenue for a retainer from a car company. how would this retainer fee be recorded on the car company’s books?

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unearned revenue from a retainer from a vehicle business has been reported by a marketing firm. this retainer charge be shown on the books of the automaker as an anticipated cost.  

Unearned revenue is recognised on the balance sheet as a liability and is not reflected on the income statement as revenue until it is "earned." After the goods or service is provided, the revenue is eventually recognised (and the deferred revenue liability account declines as the revenue is recognized). A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. An organisation that sells, manufactures, or offers a paid service is referred to as a "firm." The staff of the company, a heating engineering company, anticipated large bonuses.

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investing cash flows would include which of the following? multiple choice payment for advertising. payment of dividends to stockholders. payment for land. cash sales to customers.

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Investing cash flows would include  payment for land.

What are investing cash flows

The investing cash flows would include the payment for land.

Investing activities are those that involve the acquisition or disposal of long-term assets, such as property, plant, and equipment (PPE), intangible assets, and investments.

Payment for advertising and cash sales to customers are not considered investing activities, as they are related to the company's operating activities. Payment of dividends to stockholders is a financing activity.

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At the end of 2015, companies from the country of Erithrea collectively owned $37 billion in assets in its neighboring country of Outflowia. The $37 billion is Erithrea's _______ of FDI.:
A. stock
B. flow
C. outflow
D. trend.
E. exchange.

Answers

At the end of 2015, companies from the country of Erithrea collectively owned $37 billion in assets in its neighboring country of Outflowia. The $37 billion is Erithrea's stock of FDI. (Option A)

What does FDI entail?

FDI stands for Foreign Direct Investment, which is a type of investment made by a company or individual in one country into a company located in another country.

FDI can take the form of mergers and acquisitions, joint ventures, or the establishment of a new subsidiary or branch. The stock of FDI refers to the total accumulated value of foreign investments in a country at a specific point in time, while the flow of FDI refers to the amount of investment that is made over a period of time, such as a year.

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What is the Starbucks college Achievement Plan?

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The Starbucks College Achievement Plan is an opportunity for all the eligible U.S. partners/ employees of the Starbucks to earn their bachelor's degree through ASU Online. It provides 100% upfront tuition coverage.

Starbucks is an American company which forms the largest coffeehouse chain in the whole world. The headquarter of the company is based in Seattle, Washington. The company is known for selling beverages and baked goods.

ASU is the Arizona State University. It is associated with the Starbucks company to provide the bachelor's degree to its partners and employees. The fee coverage covers all of the expenses like  expense of tuition, the financial aid trust fee, college and class fees, etc.

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when two or more companies work together to manage their external environment, they are using

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A collaborative strategy is a strategy used by two or more organizations to work together to manage an external environment.

The microenvironment consists of factors that directly influence the operation of an organization. The macro environment consists of common factors that an organization typically has no control over.

Examining the relationship between an organization and its environment reveals that her three primary interactions between the two are the exchange of information, resources and influence, and power.

External environment factors are factors outside your organization that affect your business. These often include social and cultural, environmental, political, legal, technical and economic factors.

The macro environment is actually the real environmental factor that most influences the growth and structure of any business

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a. demand shifts so that the equilibrium quantity of the good decreases. this change is consistent with an increase in the price of the good itself. an increase in the price of a complement good. an increase in the price of a substitute good. a decrease in the price of the good itself. b. demand shifts so that the equilibrium price of the good increases. this change is consistent with increased subsidies for buyers of the good. increased taxes for sellers of the good. decreased taxes for sellers of the good. increased taxes for buyers of the good. c. supply shifts so that the equilibrium price of the good decreases. this change is consistent with increased regulations on sellers. a decrease in the selling price of a jointly produced product. increased taxes on sellers. improvements in production technology. d. supply shifts so that the equilibrium quantity of the good decreases. this change is consistent with an increase in production costs. a decrease in the number of buyers. an increase in the number of sellers. a decrease in the profitability of alternative products.

Answers

The statement that describes the change correctly is supply shifts so that the equilibrium quantity of the good decreases. this change is consistent with an increase in production costs. Option D

What is  equilibrium quantity  about?

In economics, the term "equilibrium quantity" refers to the quantity of a good or service that is demanded by consumers and supplied by producers in a market when the market is in a state of equilibrium.

At equilibrium, the quantity demanded by consumers is equal to the quantity supplied by producers, resulting in no excess demand or excess supply in the market. This is the point where the market clears, meaning that all buyers who want to buy at the prevailing price are able to do so, and all sellers who want to sell at that price are also able to do so.

Hence, option D describes a decrease in the equilibrium quantity of a good due to a shift in supply caused by an increase in production costs. When the production costs of a good increase, it becomes less profitable for sellers to produce and sell that good, causing a decrease in the quantity supplied at any given price level.

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the goal of a for-profit business is to maximize the value of existing __________.

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The goal of a "for-profit" business is to maximize the value of existing shareholder wealth.This goal also provides a measure of accountability to shareholders,

Because shareholders are the business's owners and have invested money in the company with the expectation of a return on their investment, a for-profit company's objective is to maximize shareholder wealth. Increasing the company's value entails raising stock prices and possibly dividend payments for shareholders in order to maximize shareholder wealth.

Businesses in a capitalist economy exist to make profits, which they achieve by being able to satisfy consumer demand for the goods or services they offer. For-profit companies must constantly work to improve their goods and services, cut costs, and boost efficiencies in order to survive and thrive in a competitive market.

The money that companies need to run, grow, and invest in new opportunities comes from shareholders. They anticipate receiving dividends or capital gains in exchange for their investment. Therefore, one of the core principles of for-profit companies is to maximize shareholder wealth.

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all of the following will cause a shift in the supply of smartphones except group of answer choices a decrease in the number of smartphone manufacturers. a per-unit government subsidy on the production of smartphones. a decrease in the prices of smartphones. an increase in the cost of producing smartphones. next

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All of them will cause shift in supply of the smartphones except decrease in the prices of smartphones.

What is supply?

In the study of economics, the term "supply" refers to the amount of a resource that firms, producers, employees, lenders, or other economic players are ready and willing to offer to the market or to a particular person. The term "supplies" can be used to describe any manufactured goods, work hours, raw materials, or other valuable or in-demand goods. The supply curve may be for that seller or the market overall depending on how much is provided by each vendor separately or by the market at large. Despite the fact that theoretical presentations frequently omit the units and the time, the amount is usually for a particular time period.

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in a free trade area, all barriers to the trade of goods and services among member countries are removed and a common external trade policy is adopted. true/false

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In a free trade area, all barriers to the trade of goods and services among member countries are removed and a common external trade policy is adopted. True.

What Is a Free Trade Area?

A free trade area is a territory where several nations have signed free trade agreements and keep few to no trade restrictions like tariffs or quotas among themselves.

Free trade zones enable international trade and the benefits that flow from it, as well as the global division of labor and specialization, but they have come under fire for the costs connected with advancing economic integration and for artificially limiting free trade.

Free trade areas benefit consumers by increasing their access to cheaper and/or higher quality foreign products and by lowering prices as governments lower or do away with tariffs. Producers have access to a significantly larger pool of prospective consumers or suppliers.

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When a positive culture becomes strong enough, employee interactions become more () Political () Efficient () Complicated

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When a positive culture becomes strong enough, employee interactions become more efficient

In an organization with a great workplace culture, employees are more likely to be motivated, engaged, and committed to their work. Also, they are more likely to collaborate and work together to accomplish common goals. As a result, people are able to communicate and work together more efficiently, which leads to overall firm growth. Additionally, a positive workplace culture frequently results in greater employee trust, which can further boost productivity by lowering the need for micromanagement and raising task delegation.

Nonetheless, a negative work environment can complicate and politicise employee interactions. Employees may be more inclined to play office politics, compete with one another, and conceal information or resources in order to gain the upper hand in such a setting. This can result in a breakdown in cooperation and communication, which would hurt productivity and efficiency.

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Expenses directly tied to the level of business activity is the definition of A. variable costs. B. expected value. C. marginal costs. D. fixed costs.

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Expenses directly tied to the level of business activity is the definition of variable costs.

What does "variable costs" mean?

Costs that fluctuate according on business activities are referred to as variable costs. Higher they go as your workload increases. They stand in stark contrast to fixed costs. With the volume of sales a company generates, many variable costs, like inventory and freight, increase.

What is the variable cost?

All expenses that vary according to the volume of goods produced and sold by a corporation are considered variable costs. In other words, as production rises, variable costs climb as well, and as production declines, they decline. Workforce costs, electricity bills, commissions, and raw materials are a few of the most typical kinds of variable costs.

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whre is meijer grocery store?

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Meijer grocery store Its company headquarters are in Walker, Michigan, which is part of the Grand Rapids metropolitan location.

Metropolitan refers to an urban area with a high population density and economic activity. It is commonly defined as a region comprising a central city and its surrounding suburban and rural areas. Metropolitan areas typically have a complex infrastructure, including highways, public transportation, airports, and other vital facilities that support a large population.

These areas are characterized by a diverse mix of cultures, languages, and socio-economic backgrounds, making them a melting pot of ideas, traditions, and lifestyles. Metropolitan areas play a significant role in the regional and national economies, as they are centers of commerce, industry, and innovation. They also offer a wide range of opportunities for education, employment, and entertainment.

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Naturally occurring plant growth, such as grasses, trees, and shrubs and are considered:
a. fructus industriales.
b. personal property.
c. part of the real property.
d. emblements.

Answers

Naturally occurring plant growth, such as grasses, trees, and shrubs are considered part of the real property.

Therefore the answer is c. part of the real property.

Real property refers to the land and everything permanently attached to it, including natural resources such as minerals, plants, and water. Trees, shrubs, and grasses are considered part of the land, and as such, they are part of the real property. They cannot be easily moved or separated from the land and are considered to be a permanent fixture on the property. In contrast, crops that are planted and harvested annually, such as corn or wheat, are considered emblements or fructus industriales and are considered personal property.

Emblements are the property of the person who planted them and can be harvested and taken from the land even after the lease or ownership of the land has ended. Therefore the answer is c. part of the real property.

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what is marginal product of labor

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The marginal product of labor (MPL) is a concept in economics that measures the additional output or production that results from hiring one additional unit of labor, while holding all other inputs constant.

The marginal product of labor is important in the context of production and labor markets because it helps firms determine the most efficient level of labor to employ in order to maximize profits. When the marginal product of labor is positive, each additional worker added to the production process increases output, and therefore profits, which suggests that the firm should continue to hire more workers until the marginal product of labor becomes zero or negative.

At that point, the firm has reached its optimal level of labor employment, beyond which hiring additional workers would result in diminishing returns to labor and reduced profitability.

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use the difference between positive and normative economics to explain why economists most often disagree

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Economists most often disagree because they have different normative views, preferences, and value systems. While positive economics seeks to be objective and value-free, normative economics necessarily involves subjective judgments and values. Therefore, economists may have different normative views about what policies or actions are best for society, based on their personal beliefs and values.

Positive economics is concerned with the description and explanation of economic phenomena as they are, without making judgments about whether they are good or bad. It is based on empirical evidence and seeks to be objective and value-free.

Normative economics, on the other hand, is concerned with making judgments about how economic phenomena should be. It involves subjective value judgments and often involves ethical or moral considerations.

For example, two economists may agree on the positive analysis of a particular policy or action, but disagree on whether it is desirable or not based on their normative views. One economist may believe that a policy is desirable because it promotes social welfare, while another economist may believe that the same policy is undesirable because it undermines individual freedom. These normative differences can lead to disagreements among economists, even if they agree on the positive analysis of the situation.

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What is the interest rate at PenFed?

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The interest rate at PenFed is 4.65% or higher. It was established in 1935, Pentagon Federal Credit Union (PenFed) is America’s 2nd largest federal credit union, serving over 2.8 million members world-wide with $ 36.6 billion in assets as of June 30 , 2022.

PenFed Credit Union offers market lead-ing certificates, checking, credit cards, personal loans, mort-gages, auto loans, student loans, and a wide range of other finan-cial services . Our miss-ion is to em-power members of our commu-nity to achieve their financial well being. PenFed Credit Union is fede-rally insured by the NCUA and is an Equal Hou-sing Lender.

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true or false,in general, firms that adopt socially responsible corporate practices do so at the expense of the firms’ shareholders.

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The firms that adopt socially responsible corporate practices do so at the expense of the firm’s shareholders. The statement is True.

What is CSR?

The acronym CSR stands for Corporate social responsibility which means that business practices operate their functions in such a manner that they do not harm the environment or society.

Current operations should serve the public as well as shareholders, according to the concept of social responsibilities. The obligation to give shareholders or owners a reasonable deal falls on the business enterprise.

Therefore, the statement is True.

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What was a major environment effect of the transfer of livestock like cows and pigs in the Columbian exchange?
A) It led to environmental degradation in Europe as more land was cleared for grazing
B) The livestock allowed for new settlement patterns among Native Americans
C) The animals helped to maintain the social customs of Native American tribes
D) The animals sparked deadly epidemics because of the disease they carried

Answers

The animals sparked deadly epidemics because of the disease they carried was a major environment effect of the transfer of livestock like cows and pigs in the Columbian exchange. The result was the destruction of millions of acres of forest across the Americas, but particularly in Mexico, Peru, and Bolivia. The answer is OPTION D.

The environment was permanently changed when European plants took the place of local ones. In the Americas, erosion was facilitated by the hordes of feral livestock from the Old World. Ecosystems were disturbed by epidemics, which introduced new species like pigs while completely eradicating others like beavers. The productivity of European farms was greatly increased by domesticated animals from the New World. The answer is OPTION D.

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using the straight-line depreciation method, income producing, non-residential properties depreciate over how many years...?

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Using the straight-line depreciation method, income-producing, non-residential properties in the United States are depreciated over 39 years.

The straight-line depreciation method is a commonly used method of depreciation in which the cost of the asset is spread evenly over its useful life. For real estate, the useful life is determined by the tax code and is based on the estimated period during which the property will be used to generate income. Non-residential income-producing properties, such as commercial buildings, retail spaces, and warehouses, are considered to have a useful life of 39 years for tax purposes.

It's worth noting that there are other methods of depreciation that can be used to depreciate income-producing properties, such as the accelerated cost recovery system (ACRS) and the modified accelerated cost recovery system (MACRS). These methods allow for more rapid depreciation in the early years of an asset's life but can result in a lower basis for tax purposes in later years.

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a government budget surplus occurs, which _______ loanable funds. a. decreases the supply of b. decreases the demand for c. increases the demand for d. increases the supply of

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When the government has a budget surplus, loanable funds become available. The correct answer is: b. decreases the demand for loanable funds.

As the interest rate rises, there is a decline in the demand for loanable money. As interest rates rise, borrowers' costs rise and they become less likely to borrow, according to the borrower's perspective (the source of demand in the loanable funds framework).

A government budget surplus occurs when a government's revenue exceeds its expenditures. This means that the government is taking in more money than it is spending.

In this situation, the government has extra funds that it can use to pay off debt or invest in projects. This means that the government is less likely to borrow money, which in turn decreases the demand for loanable funds.

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An interest rate charged to a customer during the early stages of a loan; the rate often goes up after a specified period of time.a) Introductory rateb) New customer fee

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An interest rate charged to a customer during the early stages of a loan; the rate often goes up after a specified period of time is (a) Introductory rate.

Loan is defined as the amount of money or some valuable asset given to an individual or a company in exchange of future repayment. The loan is returned along with some extra amount called the interest rate, which is the charge for the time period of the loan.

Introductory rate is a temporary value which can be even 0% at the initial stages of loan. The reason for introductory rates is to leverage the people to invest in the loan.

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what type of vlan is initially the management vlan?

Answers

Using Telnet, SSH, SNMP, syslog, or Cisco's Find IT, a management VLAN is the VLAN used to remotely manage, control, and monitor the devices in your network. This is also VLAN 1 by default. Keeping management and user data traffic separate is a good security practise.

A management VLAN can also provide you with a different access point to your network, allowing you to lessen the effect of a broadcast storm on other VLANs. The management VLAN, VLAN 1, is also the native or default VLAN on NETGEAR devices that support management VLANs. A workstation connected to a port in the VLAN uses the management VLAN to create an IP connection to the switch.

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What is the anchor text of this link: Fashion deals?
Question 9 options:
Fashion deals
"http://jane.com"

Answers

The anchor text of this link: <a href="http://jane.com">Fashion deals</a> is Fashion deals. The Option A is correct.

What does anchor text mean in web?

The anchor text, link label, or link text in an HTML hyperlink is the visible, clickable text. The term "anchor" was used in earlier versions of the HTML specification to refer to what is now known as the an element, or a>.

The HTML specification does not have a specific term for anchor text, but refers to it as "text that the an element wraps around". In XML terms (since HTML is XML), the anchor text is the element's content, assuming the content is text.

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What happens to the equilibrium price and quantity when demand decreases and at the same time supply increases, but the demand shift is relatively larger than the supply shift? A) Both the equilibrium price and the equilibrium quantity will rise. B) The equilibrium price falls, and the equilibrium quantity rises. C) The equilibrium price rises, and the equilibrium quantity falls. D) Both the equilibrium price and quantity will fall.

Answers

The correct option is C,The equilibrium price rises, and the equilibrium quantity falls.It states that when demand decreases and supply increases.

The demand shift is fairly larger than the supply shift, the equilibrium price will rise and the equilibrium volume will fall. This is because a larger drop in demand than the increase in force causes a more significant shift in the demand curve towards the left leading to a drop in both equilibrium price and volume. still, since the increase in force is lower than the drop in demand, the equilibrium price will rise, while the equilibrium volume will drop.

Therefore in this way, the request is passing a decline in demand and an increase in force, performing in a drop in the equilibrium volume, while the equilibrium price rises due to the fairly larger drop in demand.

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It is assumed that approximately 15% of adults in the u.s. are left-handed. consider the probability that among 100 adults selected in the u.s., there are at least 30 who are left-handed. given that the adults surveyed were selected without replacement, can the probability be found by using the binomial probability formula with x counting the number who are left-handed? why or why not?a. Yes, because the 100 adults represent less than 5% of the U.S. adult population, the trials can be treated as independent.b. No, because the 30 adults represent more than 5% of the sample size, the trials are dependent.c. No, because the 100 adults were selected without replacement, the selections are dependent.d. No, because the probability of being right-handed is greater, x must count the number of right-handed adults. what will be the monthly payment on a home mortgage of $175,000 at 3.25% interest, to be amortized over 15 years? liberal democracy as understood by john locke stressed the rights of the__ Which measurement represents the height of the parallelogram In Connexus.comUnit 2: measurement Lesson 1: Area and perimeter of parallelograms A transformation is applied to a figure to create a newfigure. Which transformation does not preserve congruence?O A reflection across the x-axisO A translation 7 units downO A dilation by a scale factor of 5O A rotation of 90 clockwise Qu es usted in spanish? All of the following helped to make the prosperity of the 1920s possible excepta. government stimulation of the economy.b. rapid expansion of capital.c. increased productivity of workers.d. perfection of assembly-line production.e. advertising and credit buying. what did the u.s. purchase from mexico after the mexican-american war and why? prising and branding management What is muriatic acid used for? QuestionThree charges each of magnitude qare placed at the corners of an equilateral triangle, the electrostatic force on the charge placed at the center is (each side of triangle is L)DiagramAZeroB140q2L2C1403q2L2D1120q2L2 What Is carboxylic acid used for? match a rhetorical device to each excerpt from the Declaration of Independence he only large expanses of old-growth forest remaining in the United States, most of them owned by the federal government, are found in which region? (12.6)a) New Englandb) Deep South c) Rocky Mountainsd) Pacific Northwest the primary care pediatric nurse practitioner observes a tender, swollen red furuncle on the upper lid margin of a childs eye. what treatment should the nurse practitioner recommend? which tcp flag is used to make the listening program respond immediately? Which of the following is an important factor in collision theory?LusterMalleabilityMolecular orientation The supreme court has made each of the specific guarantees in the bill of rights applicable to the states through the due process clause of the fourteenth amendment.a. Trueb. False Unlike the use of algorithms or heuristics, insight does not involvea. Conceptsb. Prototypesc. Cognitiond. Strategy-based solutionse. Confirmation bias The length of a rectangular poster is 4 more inches than two times its width. The area of the poster is 198 square inches. Solve for the dimensions (length and width) of the poster.