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Mila [183]
2 years ago
5

Suppose the government is considering penalizing airlines $27,500 per passenger each time passengers are made to remain on the p

lane on the tarmac for more than three hours before a flight. True or False: The threat of this fine could increase
Business
1 answer:
Agata [3.3K]2 years ago
4 0

Answer:

True

Explanation:

The threat of imposing fines on the airlines could increase delays by forcing airlines to disembark people from the plane and then reboard them more than necessary.

Airlines are allowed to stay on the tarmac not more than three hours before departure. Most of these airlines would usually deplane their passengers when there are delays maybe due to repair while on the tarmac. This is to avoid federal fines for tarmac delays exceeding three hours.

However, where government is considering imposing outrageous fines on airlines with regards to the above scenario, such move would lead to increase in flight cancellation and or rescheduling of passengers for later flights.

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At an activity level of 3,000 units, North Corporation's total variable cost is $15,000 and its total fixed cost is $20,000. For
oee [108]

Answer:

$5 per unit.

Explanation:

At an activity level of 3,000 units, we have:

Variable cost per unit = Total variable cost / Units produced = $15,000 / 3,000 = $5

Since the variable cost per unit must be equal at both lowest and highest level of activities, theerefore, the variable cost per unit at 3,500 is also $5 per unit.

3 0
2 years ago
Which of the following is a true statement? Question 9 options: when making decisions about saving and borrowing, people care ab
slamgirl [31]

Answer:

A falling interest rate will lead to a movement along the demand curve for loanable funds

Explanation:

A movement along the demand curve for a good or service is caused by a change in the price of the good or service.

Because the interest rate is the price of the loanable funds, a falling interest rate will cause a movement along the demand curve for loanable funds. More specifically, a falling interest rate, in other words, a lower price, will increase the demand for the loanable funds, so the movement will be upwards.

6 0
2 years ago
Astro Corporation was started with the issue of 2,000 shares of $5 par stock for cash on January 1, 2018. The stock was issued a
BartSMP [9]

Answer:

Astro Corporation Income Statement

Revenues                              $31,000

<u>Expenses                              ($17,100)</u>

Net profit                               $13,900

Astro Corporation Statement of Changes in Shareholder Equity

                             Common stock      APIC        Ret. earnings     Total

Balance Jan. 1          $10,000            $14,000                            $24,000

Net income                                                            $13,900         $13,900

<u>Dividends                                                              ($2,000)        ($2,000)</u>

Balance Dec. 31      $10,000            $14,000       $11,900        $35,900

Astro Corporation Balance Sheet

<u>Assets</u>                                               <u>Liabilities</u>

Cash $35,900                                     $0

                                                         <u>Shareholders' equity</u>

                                                         Common stock $10,000

                                                         APIC $14,000

                                                         Retained earnings $11,900

Total $35,900                                  Total $35,900

Astro Corporation Statement of Cash Flows

<u>Cash flows from operating activities:</u>

Revenues                                       $31,000

Expenses                                        ($17,100<u>)</u>

     Cash from operating activities      $13,900                  

<u>Cash flows form financing activities:</u>

Stock issuance                               $24,000

Dividends paid                               ($2,000)

     Cash from financing activities      $22,000    

Net increase in cash                           $35,900

6 0
2 years ago
In two or three sentences, describe the labor market.
Gelneren [198K]
I think the labor market is the nominal market in which workers find paying work, employers find willing workers, and wage rates are determined. 
3 0
2 years ago
Read 2 more answers
When Sebastian wrote the contract with BP for over two billion dollars, he included targets for performance that had to be met b
Lynna [10]

Answer:

The question is incomplete, The complete question with options should be;

When Sebastian wrote the contract with BP for over two billion dollars, he included targets for performance that had to be met before a payment would be released. Sebastian was trying to avoid ________bias.

A. overconfidence

B. escalation of commitment

C. sunk-cost

D. framing

E. hindsight

The answer is

B. Escalation of commitment

Explanation:

Escalation of commitment is a human behavior pattern in which an individual or group facing increasingly negative outcomes from a decision, action, or investment regardless continues the behavior instead of changing the course.

It simply means the irrational behaviour of investing additional resources to a project that is failing.

These resources could be time, energy and money that an individual continue to invest into a falling and sinking venture or business

So, in this situation, before releasing the payment, Sebastian ensures that the targets should be met for the performance. He is avoiding the situation of escalation of commitment bias of him continuing to release or invest money into an already failing contract.

6 0
2 years ago
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