The government has granted a patent to a pharmaceutical company for an experimental AIDS drug. That company is the only firm permitted to sell the drug.

Answer: The correct answer is "a. decrease; decrease; decrease".

Explanation: Suppose the Federal Reserve engages in open-market operations. It sells $20 billion in U.S. securities. It also raises the reserve ratio. This causes excess reserves to decrease, the money supply to decrease, and the money multiplier to decrease.

The balance in Johnny Deng, Incorporated's treasury stock account as of December 31, 2024, is $240,000.

1. Initially, 200,000 shares were issued for $1,000,000.

2. In 2023, 20,000 shares were repurchased for $200,000, resulting in a treasury stock balance of $200,000.

3. In 2024, 10,000 of the repurchased shares were resold for $160,000.

4. To calculate the remaining treasury stock balance, subtract the resold shares' value from the initial treasury stock balance: $200,000 - $160,000 = $40,000.

5. Since the company initially repurchased 20,000 shares and resold 10,000 of them, there are still 10,000 shares in the treasury.

6. The balance in the treasury stock account is the value of these remaining 10,000 shares plus the $40,000 difference: 10,000 shares x $20/share (initial repurchase price) = $200,000; $200,000 + $40,000 = $240,000.

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Answer:

a 5S program

Explanation:

This action likely occurred from the use of a 5S program. This is a program that focuses on the 5 S' which are Sort, Set in Order, Shine, Standardize, Sustain. These are used in order to analyze everything in an area in order to decide what is or isn't necessary, put things in order, cleaning, and setting up procedures for performing these tasks on a regular basis. Which is what the clerk has done by identifying these most and least frequent forms and organizing them accordingly for use on a regular basis.

Final answer:

The clerk likely used the lean tool 5S to organize the forms in the accounting department.

Explanation:

The lean tool that was likely used in the accounting department is 5S. 5S is a workplace organization method that focuses on sorting, setting in order, shining, standardizing, and sustaining. By identifying the most frequently used forms and putting them in an easily accessible area, and tagging and separating the less frequently used forms, the clerk applied the principles of 5S to improve efficiency and productivity.

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The price and quantity chosen by Jerry will likely maximize profits, as he has no competitors to worry about and can set prices at the level that maximizes revenue. Therefore, option A is correct.

What is monopoly?

Monopoly is a market structure in which a single company or entity has exclusive control over the production and distribution of a particular product or service, with no close substitutes. This means that the monopolist has significant market power and is able to set prices higher than the competitive level, resulting in higher profits.

Based on the fact that Jerry's Phone Service is a monopoly, it is possible to conclude that:

• The price and quantity chosen by Jerry will likely maximize profits, as he has no competitors to worry about and can set prices at the level that maximizes revenue. Therefore, option C is correct.

• It is not possible to determine whether the price and quantity chosen by Jerry will result in efficient use of resources, as this would depend on the specific circumstances of the market and the resources involved. Therefore, option A is not necessarily correct or incorrect.

• It is not possible to determine whether the price and quantity chosen by Jerry will result in an equilibrium price, as this would depend on the demand for his service and his willingness to adjust prices in response to changes in demand. Therefore, option B is not necessarily correct or incorrect.

• It is not likely that the price and quantity chosen by Jerry will cause a shortage of goods, as he has a monopoly and is able to control the supply of his service. Therefore, option D is incorrect.

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A monopoly is a market structure where one seller has a unique product that is on the market. There is no competition and there are no perfect substitutes from the product. The seller holds all of the power in pricing the item due to no competition. Based on the definition the price and quantity chosen by Jerry will efficiently use all of the resources.