The resulting elasticity -3.07 ; % change in quantity demanded = (27,000 - 20,000) / 20,000 = 0.35% change in price = ($45,000 - $50,800) / $50,800 = -0.114Price Elasticity of Demand = 0.35 / (-0.114) = -3.07
Demand is the amount of goods that people are willing to buy at a particular price at a particular time. Description: Different quantities can be requested at different prices at any given time.
Demand refers to the desire and willingness of a consumer to purchase a product or service over a specified time or period. Consumers must also be able to pay for what they want and need according to their disposable income budget. Demand is therefore the force that influences economic growth and market expansion.
Demand refers to the amount that consumers want and can buy at a given price. Demand is the entire relationship between the price of a commodity and the quantity of demand for the commodity.
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marketers often try to create opinion leaders because it is rare to find an opinion leader who spans multiple diverse domains of interest or influence.
a. true
b. false
Marketers often try to create opinion leaders because it is rare to find an opinion leader who spans multiple diverse domains of interest or influence is true.
The perceived hazard of the product or service to be bought increases. To grow the sales of low-involvement products, advertising managers can: focus on the package deal design of the goods.
Social factors consist of reference corporations, a circle of relatives, and social repute. Those elements have an effect on the buying behavior of the consumer. These elements in flip replicate an endless and vigorous influx thru which humans research distinct values of consumption.
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juliana has monthly take home pay of $2,950. she also receives $350 per month in child support. juliana has the following monthly debt payments: car payment ($212), student loan payment ($220), and credit card payment to pay off past debt ($625). calculate juliana's debt payment to income ratio.
The debt-to-income ratio for Juliana is 32.03%.
Your debt-to-income ratio (DTI) compares your monthly loan payments to your monthly income. It refers specifically to the portion of your gross monthly income (pre-tax) that is used to pay off debts like rent, a mortgage, credit cards, and other obligations.
A low debt-to-income (DTI) ratio indicates that debt and income are well balanced. In other words, a DTI ratio of 15% indicates that 15% of your gross monthly income is used to pay off debt.
1) Total income = 2950+350 = 3300
Debt payment = 212+220+625 = 1057
Debt payment to income ratio = 1057/3300 *100= 32.03%
2) APR of loan = 800 / 10,000 * 100 = 8%
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manuel wants to purchase a new computer and go to the caribbean for spring break. the computer is priced at $1,299, and the vacation is priced at $800. he has only $1,574 in his checking account, so he cannot afford to purchase both. after much thought, manuel buys the computer and writes a check for $1,299.
Money's function as a "store of value" and a "means of exchange"
What is a computer ?A computers is a piece of electronic equipment used to manipulate data or information. Data can be stored, retrieved, and processed by it. You may already be aware of the fact that you are able be using a computer to surf the Internet, send emails, type documents, and play games.
What is importance of computer ?Will be the first window can access the Internet, a computer is a crucial instrument for processing information and data. It is a crucial tool for scientific students, who frequently use it to create reports and projects for school.
Explanation:Money serves as a medium of commerce, a unit of measurement, a store of value, and a benchmark for deferred payments.
Manuel use of money to buy a computer demonstrates the function of money as a "medium of exchange," since it serves as a means of acquiring purchasing power. It is considerably more convenient to use money as a medium of exchange and to transmit purchasing power than the barter economy (commodity to commodity exchange)
Bank money left over after buying a computer: This illustrates the function of money as a "store of value." Compared to barter commodities, which require upkeep and have variable value, money represents the most practical, affordable, and stable form of holding value. The saved funds may be applied to future needs (eg - vacation later).
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How can expansionary expenditure-based fiscal policy lead to crowding out in the economy?.
Expansionary expenditure Fiscal policy spending leads to more government borrowing, absorbing funds that would otherwise be borrowed and spent by the private sector.
Fiscal policy is the use of government spending and taxes to influence the economy. Governments typically use fiscal policies to promote strong, sustainable growth and reduce poverty.
The two most important examples of expansionary fiscal policy are tax cuts and increased government spending. Both measures aim to increase aggregate demand while contributing to deficits or reducing budget surpluses.
The main goals of fiscal policy include economic stability, price stability, full employment, optimal allocation of resources, accelerated economic development, promotion of investment, and capital formation and growth.
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According to the Porter's Five Forces Model, which one of the following is not a competitive force for a firm? a.substitute products b.buye's power c.suppliers power d.uniqe selling proposition
Porter's Five Forces Model showed that one thing that was not a competitive force to a firm is the d. unique selling proposition
What are competitive forces in Porter's Five Forces Model?Porter's Five Forces Model include the competitive forces of a firm which are those things that can lead to them having less sales and therefore less profitability.
They include the power that buyer's have to negotiate price, the power that suppliers have to dictate price, and the substitute products available to a company's products. A company's unique selling proposition is an advantage and not a competitive force.
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when someone discusses alfalfa hay and almonds from california as being virtual water exports, what they really mean is that
Alfalfa hay and almonds from california as being virtual water exports. These crops consume a lot of water, and most of them are exported out of the country.
Which causes of water pollution are due to human activity quizlet?Agriculture, industry, and mining are the main causes of water contamination, but it becomes worse because of both population expansion and the rate at which we consume resources.Almost every manner we utilize water results in some kind of water contamination.However, industrialisation and the quickening rate of population expansion are the two fundamental drivers of water contamination.Although many dirty water supplies have been cleaned up in developed nations, some water is still severely polluted.To learn more about industrialisation refer,
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the accountant at kramer company is figuring out the difference in income taxes the company will pay depending on the choice of either fifo or lifo as an inventory costing method. the tax rate is 30% and the fifo method will result in income before taxes of $4,370. the lifo method will result in income before taxes of $3,950. compute the difference in tax that would be paid between the two methods. example of answer: 4000 (no comma, space, decimal point, or $ sign)
A tax is a charge based on an individual's or a business's revenue or turnover.The tax authorities tax the income generated during the previous period (financial year) during the current year.
Details: ($) Taxes under FIFO (4,370 x 30%): 1,311
What is a tax?
A tax is a mandatory contribution that a local, regional, or national government collects from individuals or businesses.Public works and services like roads and schools, as well as programs like Social Security and Medicare, are financed by tax revenue.
What is the goal of taxation?
A fundamental method by which nations generate public revenues that enable investments in human capital, infrastructure, and the provision of services for citizens and businesses is through the collection of taxes and fees.
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suppose able corporation received a $22,000, 9%, 120 day note receivable on november 15, 2017. further, suppose interest on the note was accrued appropriately on december 31, 2017, the end of the fiscal year. the journal entry to record the cash received when the note matured on march 15, 2018 would include:
Able corporation received a $22,000, 9%, 120 days note receivable on November 15, 2017. Interest on the note was accrued appropriately on December 31, 2017, the end of the fiscal year. The journal entry to record the cash received when the note matured on march 15, 2018 would include:
Cash= $22,495
Interest revenue = 22,000*9%*3/12
= $495
Note receivable= $22,000
Cash will be debited by $22495 whereas interest revenue and note receivable will be credited by $495 and $22,000 respectively.
What is journal entry?
Journals record all company transactions. A transaction is broadly defined as any financial activity that affects your business. Transactions are recorded in accounting journals that show the company's debit and credit balances. A journal entry can consist of multiple entries, each representing either a debit or a credit.
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if the first payment into the fund occurs today, what amount will be in the fund in 20 years? if the first payment occurs at year-end, what amount will be in the fund in 20 years?
Future value (FV) is a term used to describe how much, at some future date and with a given interest rate, a sequence of regular payments will be worth.
As a result, it will show you how much you will have accumulated as of a future date if you, for instance, plan to invest a set amount each month or year.The future value is helpful in calculating the overall cost of a loan if you are making regular payments on it.
In contrast to the future value calculation, a present value (PV) calculation tells you how much money would be required now to produce a series of payments in the future, again assuming a set interest rate.
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a dominant strategy can best be described as part 2 a. the strategy taken by a firm in order to dominate its rivals. b. a strategy that leaves every player in a game better off. c. a strategy that is optimal for a player no matter what an opponent does. d. a strategy taken by a dominant firm. e. all of the above.
A dominant strategy can best be described as part of a strategy that is optimal for a player no matter what an opponent does (option c).
What is the dominant strategy?A dominant strategy is a strategy that is always better than any other strategy, no matter what strategy the other person chooses. If both you and your opponent have a dominant strategy, then you will both choose that strategy and be better off than if you had chosen any other strategy. However, if only one person has a dominant strategy, then that person has a big advantage over the other person. The dominant strategy is very important in game theory and can be the difference between winning and losing.
In a dominant strategy, then the player with the superior strategy wins a game compared to the opponent. This is because the strategy applied by the winning player is more effective and superior.
It can be concluded that a dominant strategy can best be described as part of a strategy that is optimal for a player no matter what an opponent does (option c).
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Senath company’s annual report reveals net credit sales of $240,000 and average accounts receivable of $20,000. The report also shows an average inventory balance of $10,000 and cost of goods of $200,000. Based on this information,the accounts receivable turnover is?.
According to question The net credit sales is $240,000; average account receivable is $20,000; an average balance is $10,000; and cost of goods purchased is $200,000. Based on this information the account receivable is $70,000/-
Inventory Value is defined as the standard cost recorded on the general ledger or inventory system of a Loan Party stated on a basis consistent with its current account and historical accounting practices, expressed in dollars, determined in accordance with the standard cost method of accounting less, without duplication, I any markup on Inventory from an affiliate and in the event variances under the standard cost method of accounting. Eligible Inventory is defined as Inventory of a Borrower that is in compliance with all representations and warranties regarding Eligible Inventory made in the Loan Documents and is not excluded as ineligible due to one or more of the exclusion criteria listed below; provided, however, that such criteria may be revised from time to time by Agent in Agent's Permitted Discretion to take into account the findings of any field examination or appraisal performed by Agent from time to time. When calculating the amount to be included, inventory shall be valued at the lower of cost or market on a basis consistent with the Borrowers' prior accounting practices.
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the persons responsible for forming corporate-level strategy are the ___.
The persons responsible for forming corporate-level strategy are the executives.
A business executive is someone who oversees the management of a company, albeit the specifics of the position vary depending on the company. Companies and governments are run by executives. They develop strategies to advance their businesses. Since the requirements of this role require hardworking individuals with years of experience in a variety of business facets, becoming an executive typically takes years of promotions and hard work.
Business executives hold a variety of positions. These positions include CEO, manager of a department store and owner of a small firm. They formulate and evaluate the company's objectives. They collaborate closely with a group of assistants or senior staff members. To accomplish these objectives, this team may develop both long-term and short-term plans. Executives ensure that the company complies with the changes once the plans are established.
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wilson supported the creation of the federal trade commission, or ftc, in order to prevent companies from engaging in
Wilson supported the creation of the federal trade commission, or FTC, in order to prevent companies from engaging in unfair trade practices that limited competition.
Unfair enterprise practices include deception, oppressive or unethical conduct on the part of organizations, often directed at clients, and are illegal in lots of jurisdictions. With positive exceptions and transitional intervals, every member country of the EU Union is needed to adjust unfair business practices according to the Unfair Commercial Practices Directive.
Inside the US, the Bureau of patron protection of the Federal alternate commission works to forestall unfair commercial enterprise practices with the aid of "gathering reviews from customers and carrying out investigations, suing corporations and those that smash the law, developing regulations to preserve a truthful marketplace, and educating customers and companies about their responsibilities.
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after the federal government stepped in to keep some businesses from failing, new attention was focused on executive compensation. politicians, tax payers and news media called for change. this is an example of an organization change attempt focused on influencing
This is an example of an organisation change attempt focused on influencing People.
What do you mean by organisational change?
Organizational change refers to actions a business take over to change/ adjust to a certain aspect of parameters. It may include methods like culture, internal processes, underlying technology or infrastructure, corporate hierarchy. It may occur due to change in market conditions, policy change and economic recession or boom.
Types of organizational change are :
Strategic Transformational Change.Structural Change.Remedial Change.People-Centric Organizational ChangeThe above case explains the need for influencing people in order to assist themTherefore, This is an example of an organization change attempt focused on influencing People.
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a tax-exempt municipal bond has a yield to maturity of 3.90%. an investor, who has a marginal tax rate of 35.00%, would prefer and an otherwise identical taxable corporate bond if it had a yield to maturity of more than %.
A tax-exempt municipal bond yields a return of 4.99%,
The equivalent taxable interest rate for the investor will be :
R(t e) = R(t f)/( 1 -tax rate),
where,
t= marginal tax rate
R( t e) = equivalent tax-free interest rate for the investor
R = return on tax-free investment like a municipal bond.
so, the figures will be:
4.99%/( 1- 0.3)
=7.1286%
The investor will prefer an identical corporate bond only if it offers a yield which is greater than 7.1286%.
An investor is the market player most people most often pals with the inventory marketplace. Buyers are people who buy shares of an enterprise for the long term with the perception that the corporation has sturdy destiny potentialities.
It is some distance more common for dividends to be paid quarterly or annually, however, a few stocks and other forms of investments pay dividends monthly to their shareholders. Simplest about 50 public companies pay dividends month-to-month out of a few three,000 that pay dividends on a normal foundation.
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the project charter should include as many risks as can be brainstormed to be sure to have enough funds for contingencies.
a. true
b. false
The project charter should include as many risks as can be brainstormed to be sure to have enough funds for contingencies.
The statement is true.
The undertaking charter must include as many risks as may be brainstormed to be sure to have enough price range for contingencies.
Undertaking approval requirements kingdom while the sponsor wants to overview the development of the undertaking and make choices approximately shifting to the subsequent phase.
A critical point to examine is that the introduction of a challenge constitution encompasses all the assignment regions inclusive of, scope, chance, time, value, best, human sources, communications, and procurement).
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match each type of market to its welfare effect. perfect price discrimination monopolist that charges a single price perfectly competitive maximizes benefits to producers press space to open creates inefficiency press space to open maximizes benefits to consumers
Answer:
Explanation:
look at image I attached
A reason for a country’s development of advanced and specialized factors of human capital is often its.
It is common for a country's dearth of natural resources to be a factor in the development of sophisticated and specialized human capital.
What are the various sorts of natural resources?Resources that are derived from nature and used largely unaltered are known as natural resources. This comprises the origins of desirable traits, such as their utility for commerce and industry, aesthetic worth, scientific curiosity, and cultural significance. Natural resources include things like air, sunlight, water, soil, stone, plants, animals, and fossil fuels, to name a few. Because they are used to sustain life and fulfill human needs, natural resources are valued.
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hailey corporation pays a constant $9.80 dividend on its stock. the company will maintain this dividend for the next 14 years and will then cease paying dividends forever. if the required return on this stock is 11 percent, what is the current share price?
The Current share price of Hailey corporation is $68.42.
Current share price is the present value of the future dividend payments and it is calculated as follows
Current share price = Annual dividend per share x Present value annuity factor at 11% for 14 Years
Current share price = $9.80 x (PVIFA 11%, 14 Years)
Current share price = $9.80 x 6.981865229
Current share price = $68.42 (Approx)
Hence the Current share price is $68.42
What is share?The company's capital is divided into shares. Each share constitutes an ownership interest in the company and is offered for sale to raise capital for the company.
Shares can be broadly divided into two categories - shares and preference shares. Shares give their owners the right to share the company's result/profit and the right to vote at the company's general meetings. Such a shareholder has to share the profit and also bear the loss incurred by the company.
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the goal of project crashing is to: a. reduce the schedule without changing the project scope b. reduce the schedule by minimizing project risks c. reduce project costs d. expand the schedule to embrace multiple critical paths
By allocating additional resources where they are most required, project crashing either maintains or accelerates a project's scope and deadline.
Project crashing gives your team the extra resources they need to meet project deadlines at the last minute.
What is crashing a project?
Project crashing is a timetable pressure method wherein you get extra assets to all the while complete two errands. According to the Project Management Body of Knowledge (PMBOK® Guide), crashing is a method for reducing your project schedule at the lowest possible cost.
By reducing the time spent on one or more of the critical path activities to a fraction of their normal duration, project crashing can be used to shorten the duration of a project. Project crashing aims to extend the duration of the project at the lowest possible cost.
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on may 22, jarrett company borrows $8,600, signing a 90-day, 6%, $8,600 note. what is the journal entry made by jarrett company to record the payment of the note on the maturity date?
The magazine access made through Jarrett business enterprise to document the price of the be aware at the adulthood date is
Cash debit 8,400
Notes payable credit score 8,400.
The required details for journal entry in given paragraph
A magazine access is the act of retaining or making statistics of any transactions both economic or non-economic. Transactions are indexed in an accounting magazine that suggests a business enterprise's debit and credit score balances. The magazine access can consist of several recordings, every of that's both a debit or a credit score. The general of the debits need to same the full of the credits, or the magazine access is taken into consideration unbalanced. Journal entries can document particular gadgets or ordinary gadgets such as depreciation or bond amortization. In accounting software, magazine entries are commonly entered the use of a separate module from money owed payable, which normally has its own subledger, that not directly influences the trendy ledger. As a result, magazine entries at once alternate the account balances on the overall ledger.
A well documented magazine access includes an appropriate date, quantity(s) to be able to be debited, quantity to be able to be credited, narration of the transaction, and particular reference number.
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scenario 25-2: money creation the reserve requirement is 20%, and leroy deposits his $1,000 check received as a graduation gift in his checking account. the bank does not want to hold excess reserves. use scenario 25-2. which of the following is an accurate description of the bank's balance sheet immediately after the deposit?
$4,000 is an accurate description of the bank's balance sheet immediately after the deposit.
In financial accounting, a balance sheet (additionally called a declaration of an economic function or assertion of financial circumstance) is a summary of the economic balances of a character or organization, whether or not it be a sole proprietorship, a commercial enterprise partnership, an employer, private confined enterprise or different company along with authorities or not-for-income entity. assets, liabilities and ownership fairness are indexed as of a specific date, which includes the cease of its economic 12 months.
Of the 4 primary financial statements, the balance sheet is the most effective announcement which applies to a single point in time of a business's calendar 12 months. A widespread organization balance sheet has aspects: belongings on the left, and financing on the right–which itself has components; liabilities and possession fairness. the primary categories of property are commonly indexed first, and generally so as of liquidity.
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Suppose an economy originally in long-run equilibrium experiences a decrease in aggregate demand. According to the classical model 1) the price level will not change but real Gross Domestic Product (GDP) will fall. 2) real Gross Domestic Product (GDP) will fall, and then the price level will fall also. 3) real Gross Domestic Product (GDP) will not change but the price level will fall, 4) real Gross Domestic Product (GDP) will fall, wages will fall, but the prices of goods and services will stay the same.
Suppose an economy originally in long-run equilibrium experiences a decrease in aggregate demand. According to the classical model real Gross Domestic Product (GDP) will not change but the price level will fall.
Gross domestic product is a monetary measure of the market value of all final goods and services produced and sold by a country in a given period of time. Due to its complex and subjective nature, this indicator is often revised before being considered a reliable indicator.
GDP measures the monetary value of the final goods and services produced (that is, purchased by final consumers) in a country over a specified period of time (such as a quarter or a year). Counts all electricity generated within a country's borders.
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how can two companies with very different cultures that operate in the same industry both be successful?
Hire professionals to assist with the integration, Involve the employees in the process where possible, and Communicate frequently with both organizations that operate in the same industry both be successful.
Integration is the process of combining smaller parts into a single, cohesive system.
When disparate individuals or things are brought together, integration occurs. For example, all of the district's elementary school students attended the new middle school, or snowboarding was introduced to all ski slopes.
Typically, the products and services that an industry produces are used to classify it. The producers who make and sell pizza on the market, for instance, make up the pizza industry. It is significant to remember that a pizza maker must sell the product they produce on the market in order to be considered a member of the pizza industry.
Schools and educational services of every kind are included in the education sector.
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If a client has an extraordinary day with a high rate of behavior that is not likely to be repeated in the future, you do not have to adjust the y-axis to accommodate it. True or False
True, you do not need to change the y-axis to accommodate a client who has an exceptional day with a high rate of behavior that is unlikely to occur again.
How long has passed since the previous iteration of the same behavior?
Interresponse Time, or IRT, is the time between two behaviors that occur in succession.
Which differential reinforcement strategy makes it possible to reward any behavior?
A method of reinforcement known as differential reinforcement of other behaviors (DRO) involves rewarding any response other than a specific target behavior.
Which methods of data collection overestimate behavior?
Because a behavior is still recorded as occurring only once even if it occurs multiple times during an interval, partial-interval recording typically overestimates the overall duration and underestimates the rate of the behavior.
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If the marginal cost of producing a television is constant at $200, then a firm should produce this
item
A) as long as its marginal cost does not rise.
B) as long as the marginal benefit (i.e., marginal revenue) it receives is just equal to or greater
than $200.
C) only if the marginal benefit it receives is greater than $200 plus an acceptable profit
margin.
D) until the marginal benefit it receives reaches zero.
Table 1-1
Hours
Open
Total
Revenue
(dollars)
1 $35
2 60
3 80
4 92
5 100
6 105
Eva runs a small bakery in the village of Roggerli. She is debating whether she should extend her hours of operation. Eva
figures that her sales revenue will depend on the number of additional hours the bakery is open as shown in the table
above. She would have to hire a worker for those hours at a wage rate of $12 per hour.
Answer:
b
Explanation:
b b b b b b
which statement below regarding monetary policy is false? we classify our money supply according to liquidity. stable prices facilitate trade. central banks aim for an inflation rate of 5%. monetary policy should promote maximum stable employment.
Central banks aim for an inflation rate of 5%. Because, Central bank follow zero inflation rate policy, that enhance the economic growth along with adding liquidity money.
The rest of the options are true because monetary policy follow them.
What monetary policy?A nation's overall money supply is managed by monetary policy, which also aims to promote economic growth.Interest rate changes and adjustments to bank reserve requirements are examples of monetary policy strategies.It is conventional to categorize monetary policy as either expansionary or restrictive.The Federal Reserve frequently employs the discount rate, open market operations, and reserve requirements as its three primary monetary policy tools.Controlling the amount of money in an economy and the channels through which it is provided is known as monetary policy.Monetary policy strategy is influenced by economic indicators including the GDP, inflation rate, and industry- and sector-specific growth rates.The interest rates that a central bank charges to lend money to the country's banks are subject to change. Financial institutions modify rates for their clients, such businesses or homebuyers, as rates rise or fall.In addition, it has the power to set foreign exchange rates, purchase or sell government bonds, and adjust the minimum amount of cash that banks must hold in reserves.To learn more about monetary policy, refer to
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All the factors below are causes of diminishing marginal returns, except
a) Difficulty of monitoring and motivating larger workforces
b) Increasing complexity of larger systems
c) Division of Labor
d) Some factor is fixed
With the exception of division of labor, all of the following factors contribute to diminishing marginal returns.
Division of labor, or the division of a work process into a number of tasks, each of which is carried out by a distinct individual or group of individuals One of the fundamental organizing principles of the assembly line, it is most frequently applied to systems of mass production. The contribute handling of various tools and parts is restricted and unnecessary motion is eliminated when work is divided into straightforward, repetitive tasks.
Lower production costs and a less expensive finished product are the result of the resulting decrease in production time and the ability to division of labor replace skilled craftsmen with less-paid unskilled workers. Contrary to popular belief, however, the division of labor does contribute not always result in the proletarianization of the working population, or a decline in skills.
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Which of the following events would cause both the equilibrium price and equilibrium quantity of number two grade potatoes to increase if number two grade potatoes are an inferior good? (Explain why correct/incorrect for each answer)
A/an increase in consumer income
B/a decrease in consumer income
C/ greater government restrictions on agricultural chemicals
D/ fewer government restrictions on agricultural chemicals
A decrease in consumer income would cause both the equilibrium price and equilibrium quantity of number two grade potatoes to increase if number two grade potatoes are an inferior good .Option B is correct .
What does "equilibrium pricing" mean?
The consumer cost associated with a good or service when supply and demand are equal or nearly equal is referred to as the equilibrium price, also known as the market-clearing price. The producer or vendor may sell as many units as they like, and the buyer may access as many units as they choose to purchase.What is equilibrium quantity ?
When a product is in equilibrium quantity on the market, there is neither a shortage nor an excess. When supply and demand coincide, the quantity of a good that consumers want to buy and the quantity that its suppliers are supplying are the same.Learn more about equilibrium price
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Joe is responsible for reserving hotel rooms for a company trip. His company changes plans and increases how many people are going on the trip, so they need at least 50 5050 total rooms. Joe had already reserved and paid for 16 1616 rooms, so he needs to reserve additional rooms. He can only reserve rooms in blocks, and each block contains 8 88 rooms and costs $ 900 $900dollar sign, 900.
The respective expression of inequality is 16 + 8B ≥ 50 and the lowest possible expenditure is $4500.
What is inequality?A relationship between two expressions or values that is not equal to one another is referred to as "inequality" in mathematics. A connection that compares two numbers or other mathematical expressions inequitably is known as an inequality in mathematics. On the number line, size comparisons between two numbers are typically conducted.So, the inequality expression will be:
The required number of rooms should be at least 50 in total.
16 already reserved.
8 rooms per block are the number.
If B is the number of blocks.
Adding it all up next, we have:
16 + 8B ≥ 50
The minimum additional sum needed:
(50 - 16) / 8
34/8 = 4.25
B = 5, the smallest number of blocks
The least amount equals $900 multiplied by 5 to equal $4500.
Therefore, the respective expression of inequality is 16 + 8B ≥ 50 and the lowest possible expenditure is $4500.
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Complete question:
joe is responsible for reserving hotel rooms for a company trip. His company changes plans and increases how many people are going on the trip, so they need at least 50 5050 total rooms. Joe had already reserved and paid for 16 1616 rooms, so he needs to reserve additional rooms. He can only reserve rooms in blocks, and each block contains 8 88 rooms and costs $ 900 $900dollar sign, 900. Let B BB represent the number of additional blocks that Joe reserves. 1) Which inequality describes this scenario? Choose 1 answer: Choose 1 answer: (Choice A) A 16 + 8 B ≤ 50 16+8B≤5016, plus, 8, B, is less than or equal to, 50 (Choice B) B 16 + 8 B ≥ 50 16+8B≥5016, plus, 8, B, is greater than or equal to, 50 (Choice C) C 16 + B ≤ 50 16+B≤5016, plus, B, is less than or equal to, 50 (Choice D) D 16 + B ≥ 50 16+B≥5016, plus, B, is greater than or equal to, 50 2) What is the least amount of additional money Joe can spend to get the rooms they need? dollars