A firm can manufacture a product according to the production function: Q = F(K,L) = 22.3K^0.55L^0.45. The level of capital is fixed at 12 units, at a renting rate of $100 per unit of capital. The firm can sell its output at a price of $24.50 per unit and can hire labor at a $110 per worker. Instruction: Round your responses to 2 decimal places. Do not round values if used to complete other calculations.

Calculate, APL, when the firm uses 25 workers:

APL, when the firm uses 100 workers:

MPL when L = 25:

MPL when L = 100:

Optimal number of workers:

Optimal production:

Optimal Profits:

Profits at L=25:

Profits at L=100:

Answers

Answer 1

The answers to the given questions are:

APL when L=25: 14.89APL when L=100: 6.95

What is the optimal number of workers?

Optimal number of workers: 25

Optimal production: 375.43

Optimal profits: 468.75

Profits at L=25: 468.75

Profits at L=100: -110

The ideal workforce size for the company is 25 individuals, whereby the additional output produced by hiring one more person is equivalent to the wage paid to that individual.

The point at which the company's earnings reach their peak is attained from this degree of production. If the number of employees exceeds 25, the firm's profits will diminish as the wage rate surpasses the marginal product of labor.

The other answers are:

MPL when L=25: 12.17MPL when L=100: 0.81

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Related Questions

Please help me, I suck at this class ToT

Control over what two areas of manufacturing are the basis for a growing economy and a condition for becoming a world power?

A. copyrights and patents
B. technology and equipment
C. imports and exports
D. wages and benefits

Answers

Answer:

a

Explanation:

In trading account freight belongs to which side debit or credit?

Answers

Answer:

Explanation:

In trading account, freight belongs to the debit side. It is a direct expenses on purchases and manufacturing operation

Freight is the cost incurred in transporting an item to its final destination when the terms are FOB shipping point. It is treated as part of the cost of merchandise and recorded in the inventory if the merchandise has not been sold.

Increase  in the cost of freight are recorded on the debit side while decrease are recorded on the credit side.








Which of the following is true regarding the executive agency? a. The administrator can be removed only for cause. b. . It is an independent agency. c. It is run by a single administrator. d. The admi

Answers

c. It is run by a single administrator. An executive agency is a governmental organization that operates under the authority of the executive branch of government. It is responsible for implementing and enforcing laws and policies in specific areas of governance.

In the context of the options provided, the statement that holds true is that an executive agency is run by a single administrator.

While executive agencies may have administrators or heads overseeing their operations, they are not necessarily independent agencies. Independent agencies are characterized by a greater degree of autonomy from the executive branch and often have bipartisan leadership or a commission structure.

Regarding the removal of the administrator, option a is incorrect. The administrator of an executive agency can typically be removed by the appointing authority, such as the President, without needing to establish cause.

To summarize, an executive agency is typically run by a single administrator and is subject to the oversight of the executive branch, but it is not necessarily an independent agency, and the administrator can be removed without cause.

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What is meant by factors of production​

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The factors of production​: In economics, elements of production are the resources humans use to provide items and services.

Production is the method of making or manufacturing goods and merchandise from raw materials or additives. In different words, manufacturing takes inputs and makes use of them to create an output that is healthy for consumption – an awesome product that has a fee to a given up-user or consumer. production is one of the maximum vital tactics within production and is a core part of what it manner to be a producer. without this hobby, no completed items could be created, and there might be nothing to sell to clients.

Production is the method of making, harvesting, or creating something or the quantity of something that becomes made or harvested. An example of manufacturing is the introduction of furniture. An instance of production is harvesting corn to consume. An example of production is the amount of corn produced. There are 3 common sorts of basic manufacturing systems: the batch gadget, the continuous machine, and the mission device. inside the batch device, widespread-cause devices and techniques are used to provide small portions of output (goods or services) with specifications that modify significantly from one batch to the following.

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What is an example of a common part of a company's brand that would be represented in television
commercials?

Answers

Answer:

logos, product, company's name, :DDD and endorsers

In selecting an instructional strategy for developing internal audit staff, a chief audit executive begins by reviewing:

Answers

In selecting an instructional strategy for developing internal audit staff, a chief audit executive begins by reviewing:

D. Organizational objectives.

An internal audit is what?

An organization's internal controls, including its corporate governance and accounting procedures, are assessed via internal audits. These audits help to maintain accurate and timely financial reporting and data collecting while ensuring compliance with laws and regulations.

By spotting issues and fixing flaws before they are found in an external audit, internal audits give management the resources they need to achieve operational efficiency.

Process of internal auditing.

In general, internal auditors choose a department, learn about the current internal control process, conduct fieldwork testing, follow up with department staff about identified issues, prepare an official audit report, go over the report with management, and then follow up with management and the board of directors as necessary to make sure recommendations have been implemented.

A Chief Audit Executive: What Is He?

An organization will employ an independent auditor as its chief audit officer to review all facets of its business operations and make observations. This executive collaborates with the management of a firm and offers recommendations to enhance the enterprise.

Improving business efficiency while managing risk and maintaining internal controls for accurate financial reporting and legal compliance are the chief audit executive's two key tasks. Despite his ties to the organization he represents as a paid employee, it is crucial that this executive maintain objectivity.

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Correct question:

In selecting an instructional strategy for developing internal audit staff, a chief audit executive begins by reviewing:

A. Learners' readiness.

B. Learning content.

C. Budget constraints.

D. Organizational objectives.

What is the education level of a majority of the Power, Structural, and Technical Systems workers?
associate's degree or vocational school degree
bachelor's degree or apprenticeship
bachelor's degree or master's degree
master's degree or vocational school degree

Answers

Answer:

B- Bachelor's degree or apprenticeship

Explanation:

Took the test, gl! :)

Answer:

Bachelor degree

Explanation:

sam has a tendency to contribute little effort to group assignments, as he thinks others will be sure to pick up the slack in an effort to get a good grade. this is an example of

Answers

This is an example of free rider as he is contributing very little effort to group assignments thinking that others will do enough to get good grade.

Anyone who desires everyone else to pay for a common benefit but expects to be able to use it themselves is considered a free rider; if several people are engaged in this behavior, the common good could never be made available.

Because free riders try to utilize the public good without needing to pay for it, markets commonly find it difficult to generate them. The free rider problem can be resolved by taking steps to ensure that those who use a public good pay for it.  

Here Sam is expecting others to put all efforts in the project but not contributing his efforts fully, but only to get common benefit, so this is an example of free rider.

The complete question is here:

Sam has a tendency to contribute little effort to group assignments, as he thinks others will be sure to pick up the slack in an effort to get a good grade. Social psychologists would call Sam a

A.) social facilitator.

B.) free loafer.

C.) free rider.

D.) free loader.

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Which of the following is not a life role category?
O Risk Taker
O Worker
O Family Member
O Learner

Answers

Risk Taker is not a life role category.

A life role is a set of expectations, behaviors and attitudes that a society assigns to a person based on their gender, age, social status, race or other factors. For example, in many cultures women are expected to be loving, nurturing and care-givers, while men are expected to be strong, provider-types.

Life roles help to define how we see ourselves and how we are seen by others. They can be a source of satisfaction and fulfilment, but they can also be a source of stress and frustration if they do not fit with our own personal aspirations and identity.

Hence, the correct option is "First".

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What is your initial response to the Pantene ad shown in the video?

Answers

I think that it is time to finally see the rise of women that is taking over because for whatever reason men feel as though this is “a mans world”. Its sad that when women try and take over we’re are being ‘’bossy’’, ‘’pushy’’, ‘’annoying’’, or that “we think we know everything”. When in reality it’s the other way around. Men can be all of those things but yet, no one acknowledges these things. Men feel as though they know everything and that women don’t know anything. I feel as though there should be more people that look like me in charge. Now you may say “What do you mean?” I mean that I want to see more women taking control. We aren’t trying to seem “bossy” or “pushy” when giving directions or anything, we just want whatever the task is to be done right! I want to see more women because as a female I feel as though I need the empowerment.

Which of the following is the best definition of a liability in accounting?
A. Anything your company owes to someone besides the business
owner
O B. A debt your business owes that must be repaid during the present
accounting period
c. Anything your company owes to the business owner
D. Anything your company needs to sell during the present
accounting period

Answers

The best definition of liability is anything your company owes to someone besides the business owner (option a).

What is liability?

Liabilities are future benefits that would have to be sacrificed in the future by an entity to other entities as a result of past transactions. Liabilities reduce the net worth of a company.

Liabilities are resources that have been borrowed or that are owned. They would need to be repaid at a future date. An example of a liability is debt and account payable.

Liability can be short term or long term. It is short term if it has to be paid within a year and it is long term if its duration is greater than a year or one accounting period.

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time is limited i have 2 minuets on this
The best time to visit a college campus is:

A) during spring break.
B) Monday through Thursday.
C) over the summer.
D) on any Friday.

time is limited i have 2 minuets on this The best time to visit a college campus is: A) during spring

Answers

I wanna say the answer is C. OVER THE SUMMER.

Explanation: looking it up it says “later summer early September”

The Future Lab Program, which is a part of Sony's investment in R&D, embraces an approach to technological R&D that emphasizes an open creative environment and direct lines of communication with society, with the end goal being to co-create new lifestyles and customer value. Does Sony create significant customer value? Does Sony create new lifestyles?

Answers

Answer:

Sony's goal with Future Lab is to create customer value and new lifestyles, whether they are able to do so depends on how well they work it out. Future Labs is based on San Francisco, and it should serve as a place where innovative prototypes should be tested by real users. The goal is that Sony can learn from actual real life user experiences in order to improve their products and services. The real life customers and users that want to participate in Sony's program must pay a fee for doing so, but they can also experience prototypes before anyone else.

the negative impact of the coronavirus as one of the socio- economic issues on businesses

Answers

Answer: reducuced workforce across all economic sectors and caused many jobs to be lost.

Explanation:

catalog sales and online sales are activities of marketing because they link ultimate consumers to manufacturers.

Answers

Catalog sales and online sales are marketing activities that connect manufacturers with end consumers.

Catalog sales and online sales are integral components of marketing strategies aimed at connecting manufacturers with their ultimate consumers. These activities serve as a means of bridging the gap between producers and end users.

Catalog sales involve the distribution of catalogs containing product information, descriptions, and prices to potential customers. Through catalogs, manufacturers showcase their offerings and entice consumers to make purchases. Online sales, on the other hand, utilize digital platforms such as websites, e-commerce platforms, and online marketplaces to facilitate transactions between manufacturers and consumers. These platforms provide a virtual storefront where customers can browse products, compare options, and complete purchases conveniently. By employing catalog sales and online sales, manufacturers expand their reach, overcome geographical limitations, and tap into wider consumer markets. They enable direct communication with end consumers, allowing manufacturers to understand customer preferences, gather feedback, and tailor their marketing strategies accordingly. Overall, these activities serve as vital links in the marketing chain, connecting manufacturers with the individuals who ultimately consume their products.

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after looking at the layoff and separation plans, the finance manager suggested that the easiest way to protect company profitability is to cut those with the 

Answers

After reviewing the layoff and separation plans, the finance manager has suggested that the easiest way to protect company profitability is to cut those with the lowest performance or least critical roles. This approach aims to reduce costs by eliminating positions that have less impact on the overall success of the company.

1. Evaluate the layoff and separation plans: The finance manager should carefully review the plans to understand which positions are being targeted for cuts and the potential impact on company profitability.
2. Identify low performers: The finance manager should assess employee performance and identify those who have consistently underperformed or have not met the company's expectations.
3. Assess critical roles: It's important to determine which roles are crucial for the company's operations and success. These roles should be protected to ensure the smooth functioning of the business.
4. Consider alternative cost-cutting measures: While layoffs may be necessary, the finance manager should also explore other options to reduce costs, such as optimizing resources, streamlining processes, or renegotiating contracts.

To protect company profitability, the finance manager suggests cutting those with low performance or less critical roles. This ensures cost reduction while minimizing the impact on overall operations. However, alternative cost-cutting measures should also be considered.
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The finance manager suggested that the easiest way to protect company profitability is to cut those with the lowest performance or those who are not contributing to the company's success. By identifying employees who are not performing up to the expected standards or whose roles are no longer essential, the company can eliminate unnecessary costs and optimize its workforce. This can be achieved through a performance evaluation process that assesses employees' skills, productivity, and overall contribution to the organization.

Cutting employees with low performance can help the company retain high-performing individuals who positively impact profitability. Additionally, by strategically eliminating positions that are no longer critical to the company's operations, the finance manager can further enhance the organization's financial stability.

It is important for the finance manager to consider the potential impact on employee morale and the overall culture of the company. Implementing a fair and transparent process, communicating the reasons behind the cuts, and providing support for affected employees can help mitigate any negative effects.

In summary, the finance manager suggests that cutting those with low performance or non-essential roles is the easiest way to protect company profitability. However, it is crucial to carefully consider the process and potential impact on employees to maintain a positive work environment.

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effective economic demand requires

Answers

What is this supposed to refer to ?

On March 1, 2021, Stratford Lighting issued 10% bonds, dated March 1, with a face amount of $690,000. The bonds sold for $678,000 and mature on February 28, 2041 (20 years). Interest is paid semiannually on August 31 and February 28. Stratford uses the straight-line method and its fiscal year ends December 31.

1. Prepare the journal entry to record the issuance of the bonds by Stratford Lighting on March 1, 2021

2. Prepare the journal entry to record interest on August 31, 2021

3. Prepare the journal entry to accrue interest on December 31, 2021.

4. Prepare the journal entry to record interest on February 28, 2022

Answers

Answer:

1. March 1, 2021

Dr Cash $678,000

Dr Discount on bonds payable $12,000

Cr Bonds payable $690,000

2. August 31, 2021

Dr Bond interest expense $34,800

Cr Discount on bonds payable $ 300

Cr Cash $34,500

3. December 31, 2021

Dr Bond interest expense $23,200

Cr Discount on bonds payable $200

Cr Bond interest payable $23,000

4. February 28, 2022

Dr Bond interest payable $23,000

Dr Bond interest expense $11,600

Cr Discount on bonds payable $100

Cr Cash $34,500

Explanation:

1. Preparation of the journal entry to record the issuance of the bonds by Stratford Lighting on March 1, 2021

Dr Cash $678,000

Dr Discount on bonds payable $12,000

($690,000-$678,000)

Cr Bonds payable $690,000

(Being to record issuance of the bonds is recorded)

2. Preparation of the journal entry to record interest on August 31, 2021

Dr Bond interest expense $34,800

Cr Discount on bonds payable $ 300 ($12,000/20*6/12 )

Cr Cash $34,500

($690,000 × 10% × 6/12)

(Being to record interest )

3. Preparation of the journal entry to accrue interest on December 31, 2021.

Dr Bond interest expense $23,200

($23,000+$200)

Cr Discount on bonds payable $200

($12,000/20 × 4 /12)

Cr Bond interest payable $23,000

($690,000* 10%× 4/12)

(Being to record accrue interest is recorded)

4. Preparation of the journal entry to record interest on February 28, 2022

Dr Bond interest payable $23,000

($690,000* 10%× 4/12)

Dr Bond interest expense $11,600

[($34,500+$100)-$23,000]

Cr Discount on bonds payable $100

($12,000/20*2/12)

Cr Cash $34,500

($690,000 × 10% × 6/12)

(Being to record interest is recorded)

The United States is unique in its use of a 24-hour Internet; in most countries the Internet shuts down between 2:00 AM and 6:00 AM for maintenance. true or false

Answers

Answer:

False

Explanation:

The internet is composed by multiple Hosts and obviously the only way to shut down the internet is to shut down the catrillion computers that all together host the internet.

what are the basic requirements to become entrepreneur?Mention them​

Answers

Answer:

Most entrepreneurs start their career with a business bachelor's degree or a specific bachelor's in entrepreneurship and then nourish their skills in an MBA program. In MBA programs, students are motivated to use their creative potential as they learn to build ventures.

Explanation:

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2. Where does Steve Jobs’ power and influence come from?

Answers

Answer:

working with apple and creating the mac

Explanation:

From him being able to realize what it is he wanted to do and do it

Whole life insurance is sometimes referred to as straight life. What’s does the word straight indicate when using this phrase

Answers

In the context of whole life insurance, the term "straight" in "straight life" or "straight whole life" indicates that the policy provides coverage for the insured person's entire lifetime, as long as the premiums are paid.

Unlike term life insurance, which provides coverage for a specific term or duration (such as 10, 20, or 30 years), whole life insurance is designed to provide coverage for the "whole" life of the insured. As long as the premiums are paid on time, the policy remains in force until the insured person passes away, at which point the death benefit is paid out to the beneficiaries.

The term "straight" is used to emphasize the continuous, lifelong coverage that whole life insurance offers, in contrast to term life insurance, which has a fixed term of coverage. It highlights the fact that the policy remains in effect "straight" or continuously throughout the insured person's lifetime, as long as the premiums are paid.

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Final answer:

In whole life or 'straight' life insurance, 'straight' represents lifelong coverage given that premiums are consistently paid. The premium amount is usually level, remaining the same for the duration of the policy.

Explanation:

In the context of Whole Life Insurance, the term 'straight' indicates that the policy offers lifelong coverage. This means that provided premiums are fully paid as per the policy term, the coverage lasts until the policyholder's death. A straight life policy, also known as traditional whole life insurance, implies that premium payments are also consistent, with the amount and frequency remaining the same throughout the lifetime of the policy.

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3. Using the Base Case, calculate the change in non-cash working capital in 2024E

Answers

Once you have calculated the non-cash working capital, you can analyze your results to learn more about your company. To make an informed investment, potential investors may ask for information about your company's non-cash working capital.

The base case is the model's expected case, determined by using the assumptions that the project team consider are most likely to occur. The financial results from the base case should be better than those from conservative scenarios, but worse than those from upside cases. A base case analysis usually refers to the results obtained from running an economic model with the most likely or preferred set of assumptions and input values.

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it is likely that John chooses this oil company because of their ___ services

Answers

it is likely that John chooses this oil company because of their good services

Answer:

Due to their good services, John is likely to choose this oil company!

Hope this helps you!

Please mark me Brainleast!

3. ______ are defined as goods or services that are required for health and safety.

Answers

Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.

What is the safety of goods?

A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.

Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.

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Which qualifications are especially useful for Business Financial Management careers? Check all that apply.

advanced math skills
knowledge of finance laws
research skills
knowledge of insurance systems
critical thinking skills
customer-service skills
leadership skills

Answers

Answer:

advanced math skills

knowledge of finance laws

research skills

critical thinking skills

There are some qualifications to meet so as to become a business manager.

The qualifications that are especially useful for Business Financial Management careers are:

Advanced math skillsKnowledge of finance lawsResearch skillsCritical thinking skills

Business Financial Management, the Skills and Qualifications that are often required are:

Bachelor's degree in business, management, or related field.A minimum of 3 years experience as a business manager or relevant managerial role.A work experience with business and strategy development processes. etc.

Some of the Career Options in Management are:

Marketing Manager. Sales Manager. Financial Manager. etc.

There are a lot of opportunities to grow one's career as a very skilled specialist.

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a memory system has a 32 kb byte-addressable main memory and a 1 kb cache where each block contains 16 bytes

Answers

The memory system has 2048 blocks in the main memory and 64 blocks in the cache memory, with a total size of 32 KB for the main memory and 1 KB for the cache memory.

The total number of blocks in the main memory is 2048, and the total number of blocks in the cache memory is 64. A memory system has a 32 kb byte-addressable main memory and a 1 kb cache where each block contains 16 bytes.

Therefore, to solve for the number of blocks in the main memory and cache memory, we use the formula given below: Number of blocks = (Total size of memory) / (Block size) Given the above formula, Total size of memory = 32 KB = 32 * 1024 bytes Block size = 16 bytes

Therefore, Number of blocks in main memory = (32 * 1024) / 16 = 2048 Number of blocks in cache memory = (1 * 1024) / 16 = 64 Thus, the total number of blocks in the main memory is 2048, and the total number of blocks in the cache memory is 64.

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Olivia started her banking account with $100 and is increasing the account $20 per month. which function is correct?

Answers

If Olivia started her banking account with $100 and is increasing the account $20 per month then the function which shows the amount in bank account is f(x)=20x+100.

Given that bank account is started with $100 and is increasing the account $20 per month.

We are required to find the function which shows the amount in bank account of Olivia.

Function is like a relationship between two or more variables expressed in equal to form. The values that we enter in the function are known as part of domain and the values that we get from the function are known as part of codomain or range of function.

let the number of months be x.

Amount in bank account=

=Initial amount+ x*(amount deposited per month)

=100+20x

f(x)=20x+100.

Hence if Olivia started her banking account with $100 and is increasing the account $20 per month then the function which shows the amount in bank account is f(x)=20x+100.

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Idriss, a registered nurse, operates a home health care service to assist with the medical, meal preparation, and light housecleaning needs of older adults. When idriss makes strategic plans for his business to deal with an expected decline in the number of older people in the population, he is paying attention to the ________ environment.

Answers

Since idriss makes plans to deal with an expected decline in the number of older people in the population, he is paying attention to the general environment.

What is general environment?

General environment entails the overall resident of a specific area.

In conclusion, he is paying attention to the general environment because he makes plans to deal with an expected decline in the number of older people in the population.

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In a perfectly competitive market, if the market price is $4, how many units will they sell if they charge $4?How many will they sell if they charge over $4? Will they make more profit if they lower their price? Why or why not?

Answers

Answer:

In a perfectly competitive market, if the market price for a single unit is $4, then the number of units sold would be 32.

Explanation:

A perfectly competitive market is defined as a market where there are no monopolies - something extremely rare in the real world. However, it is a good example to explain the rules and workings of supply and demand in the market. There are multiple sellers and purchasers in a perfectly competitive market. Sellers earn just enough profit to keep their place in the market. Any more and they would lose their foothold in the marketplace to another company.

If the sellers are capable of producing more, then they can sell more, thus increasing their output. In any case, the economic output would be zero because the price is tangent to the low point on the average total cost curve. The seller has no control over market price because the price is set at equilibrium.

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Can someone help help me from 1 to 10 Which of the following describes scientist? what percentage of the u.s. population could be called evangelicals? WILL GIVE BRIANLEST IM WATCHING the high point of carters administration was the camp david accords. what did carter accomplish after two weeks of negotiations at camp david, maryland? Find the distance between the points (-5,5) and (-6,-4). is a person or thing that does the action in a sentence.A) A subjectB) A verbC) An object what were the resulting consequences for those termed ""enemy combatants"" ? Imagine you are making a $1000 purchase with different payment options. Which of the followingwould you pay the LEAST (you may need a spreadsheet or calculator)?A. 8% APR, no payments for the first 6 months, then 6 monthly payments B. 10% APR, with 12 monthly payments C. 12% APR, with 6 monthly paymentsD. Not sure how to calculate these values to know total cost Seafaring pirates and traders from Norway who became the terror of western Europein the 8th century were called: a tech company currently has an on-premises infrastructure. they are currently running low on storage and want to have the ability to extend their storage using the aws cloud. which aws service can help them achieve this requirement? Please do 17-20! No work needed, please do fast this is due soon! Thank you!! for the hdtv program in figure 3-3, which of the speeds shown will allow real-time streaming? 3. Assume that the company plans to bid on Job Q400 that would require 270 direct labor-hours and 350 machine-hours. How much electrical cost would be allocated to Job Q400 using the estimated electrical cost per direct labor-hour from requirement 1 Which excerpt from The Riddle of the Rosetta Stone describes the effect of the conflict between the British and the French?British troops landed near Alexandria.A Turkish army marched into Egypt from Syria.The Greek leader, Alexander the Great, had taken control of Egypt.The French were finally forced to surrender to the British. Use the following probability model to answer the question.Event: For each adult resident in a city we ask how manyvehicles they own.Number of VehiclesProbability0.04010.410.380.13UWN0.030.01Find the probability that an adult resident has 3 or morevehicles. Give your answer as a number between 0 and 1. WILL GIVE BRAINLIST! Help!!What is the value of x?Enter your answer in the box.X= ( ? ) A random sample of 200 high school students were surveyed to see whether they were enrolled in advanced algebra and physics. The study found that 112 of the sample were not enrolled in advanced algebra. The study also showed that 34 of the students who were enrolled in advanced algebra were also enrolled in physics and 140 of the students were not enrolled in physics. Based on the given information, which of the following relative frequency tables summarizes the data? Physics Not in Physics TotalAlgebra 17% 27% 44%Not in Algebra 13% 43% 56%Total 30% 70% 100% Physics Not in Physics TotalAlgebra 34 54 88Not in Algebra 26 86 112Total 60 140 200 Physics Not in Physics TotalAlgebra 15% 37% 52%Not in Algebra 24% 24% 48%Total 39% 61% 100% Physics Not in Physics TotalAlgebra 34 84 118Not in Algebra 56 56 112Total 90 140 230 What is meant by the "rule of law" that has been historically traced as an important idea in the Magna Carta and the English Bill of Rights?A.The idea that people are the source of government power.B.The power of the courts to interpret the Constitution and other laws.C.The idea that all people, including rulers and leaders, must obey the law.D.The theory that people should be divided among the three branches of government. i think the answer is the first one. [tex] \frac{33 \sqrt{14} }{2} [/tex]am I right?