A hair stylist currently cuts and colors hair for 50 clients per week and earns a profit. He is considering expanding his operation in order to serve more clients. Should he expand
Answers
The decision to expand depends on the marginal cost of serving more clients and the marginal revenue he will earn from serving more clients.
What is marginal cost and marginal revenue?Marginal revenue is the change in total revenue when output is increased by one unit. Marginal cost is the change in total cost when consumption is increased by one unit.
Economic theory suggests that output should be increased if the marginal revenue exceeds the marginal cost. If marginal cost is greater than marginal revenue, the business should not be expanded. Profit is maximised when marginal revenue is equal to marginal cost.
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hyram's ham company incurred a gain of $2,000 for selling equipment with a book value of $10,000. which activity type and what amount should hyram report on the statement of cash flows?
Answers
The activity type that Hyram's Ham Company should report on the statement of cash flows is investing activities. This is because the sale of equipment is a capital transaction that involves the acquisition or disposal of long-term assets.
As for the amount that should be reported, it would be the net cash inflow from the sale of equipment. In this case, the gain of $2,000 should be added to the amount received from the sale of the equipment. Assuming that the equipment was sold for $12,000 (which is the sum of its book value and the gain), the net cash inflow from the sale of equipment would be $12,000. This amount should be reported as a positive number under the investing activities section of the statement of cash flows.
It's important to note that the gain of $2,000 should not be reported as a separate item in the statement of cash flows. Instead, it should be included in the calculation of the net cash inflow from the sale of equipment.
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What is the most widely consumed meat in the world?.
Answers
Answer:
Pork is the most widely consumed meat in the world.
Which of these terms means "paying to communicate with potential clients about your company"? A. Customer support. B. Marketing. C. Advertising. D. Community outreach.
Answers
Marketing means "paying to communicate with potential clients about your company." The correct answer is option B.
Marketing is the action of selling a product or service. Marketing refers to all of the activities that a company does to increase customer demand for a product or service. This includes advertising, selling, and promoting. Businesses must constantly advertise their products to increase sales, attract new customers, and increase brand awareness. In a nutshell, marketing entails promoting a product or service to consumers.
Marketing is a significant aspect of any business because it helps in expanding the customer base and increasing profits. A company's success depends on how well they can market their products or services. To be effective, marketing must be well-targeted, relevant, and appealing to the target market. A company that markets its goods and services well has a better chance of gaining loyal customers and expanding its reach.
Marketing can take many forms, including advertising, direct marketing, public relations, and online marketing. Marketing activities must be aligned with a company's overall marketing strategy. A well-planned and executed marketing strategy can help businesses achieve their goals.
A strategy will assist you in identifying your target market and how best to communicate with them. In short, marketing is a set of strategies aimed at promoting products or services to consumers through various channels such as advertising, sales promotion, public relations, and direct marketing. Marketing is an essential part of any business, and it helps businesses reach new heights.
Hence, option B is the right choice.
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An increase in government spending is more likely to lead to higher inflation when?
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An increase in government spending is more likely to lead to higher inflation when there is excess demand in the economy.
This can happen when the increase in government spending is not accompanied by an increase in the supply of goods and services. In such a situation, the increased demand for goods and services will drive up prices, resulting in higher inflation.
To summarize, an increase in government spending is more likely to lead to higher inflation when there is excess demand in the economy and the supply of goods and services does not increase proportionately.
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Business-to-consumer (B2C) e-commerce in the United States:A) has grown at double-digit rates between 2010 and 2016.B) has less revenue than C2C e-commerce.C) now constitutes over 50% of the overall U.S. retail market.D) is growing more slowly as it confronts its own fundamental limitations.
Answers
Business-to-consumer (B2C) e-commerce in the United States has grown at double-digit rates between 2010 and 2016. option(A).
According to the U.S. Department of Commerce, B2C e-commerce sales in the United States have indeed grown at double-digit rates between 2010 and 2016. In 2016, B2C e-commerce sales reached a total of $394.9 billion, representing an increase of 15.1% compared to the previous year.
This growth is expected to continue in the coming years, driven by factors such as increasing smartphone usage, growing consumer confidence in online shopping, and the continued expansion of online marketplaces and platforms.
While B2C e-commerce has seen significant growth, it still represents a relatively small share of the overall U.S. retail market. According to the National Retail Federation, online sales made up approximately 14.3% of total retail sales in 2018.
In terms of revenue, B2C e-commerce generally has more revenue than C2C e-commerce, as it involves transactions between businesses and individual consumers rather than between individual consumers themselves.
However, the specific revenue levels of each type of e-commerce can vary depending on the products and services being sold and the size of the market in question.
Overall, while B2C e-commerce has seen significant growth in recent years, it still represents a relatively small share of the overall retail market in the United States, and its growth may face some challenges in the coming years as it confronts issues such as increased competition, changing consumer preferences, and potential regulatory changes.
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the frequent use of promotional pricing can encourage customers to only buy when a brand is on sale. group of answer choices true false
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The frequent use of promotional pricing can encourage customers to only buy when a brand is on sale true.
Promotional pricing is a income approach wherein a dealer or a logo quickly reduces the rate of a product or a provider with the intention to draw greater customers. Promotional pricing works through growing the purchaser's urgency to buy with a limited-provide deal.
Promotional pricing can assist with purchaser acquisition through encouraging cost-aware buyers to buy. It can growth revenue, construct purchaser loyalty, and enhance short-time period coins flow.
A promotional pricing approach works fine withinside the short-time period. Value-based, competition-based, cost-plus, and dynamic pricing are all fashions which can be used frequently, relying at the enterprise and commercial enterprise version in question.
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An oil company hires an engineering firm to help them comply with environmental laws. What is this an example of?
Answers
Answer:
Human Capital
Explanation:
The engineering firm has the experience and certain skills that are able to help defining a Human Capital.
an open-market purchase question 5 options: a) decreases the number of dollars and the number of bonds in the hands of the public. b) increases the number of dollars and the number of bonds in the hands of the public. c) decreases the number of dollars in the hands of the public and increases the number of bonds in the hands of the public. d) increases the number of dollars in the hands of the public and decreases the number of bonds in the hands of the public.
Answers
An open-market purchase refers to the action taken by the central bank to buy government securities from the public. In this case, the correct option is d) increases the number of dollars in the hands of the public and decreases the number of bonds in the hands of the public.
When the central bank conducts an open-market purchase, it purchases government securities such as Treasury bonds from the public. In return, it pays the sellers with newly created money or reserves. This action increases the supply of money in the economy and adds dollars to the hands of the public.
At the same time, the central bank's purchase of government bonds reduces the number of bonds in the hands of the public. As the central bank buys these bonds, they are effectively removed from circulation, leading to a decrease in the quantity of bonds held by the public.
Therefore, option d) is the correct answer as an open-market purchase increases the number of dollars in the hands of the public and decreases the number of bonds in their possession.
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Which of the following is a benefit of U.S. companies doing business
domestically instead of internationally?
A. Having to exchange currencies
B. Having familiarity with laws and regulations
C. Having to negotiate payment options with the world bank
D. Having to learn about different customs, taboos, and manners from different countries
Answers
Answer:
A
Explanation:
One of the major drawbacks of international business is currency exchange rates. Since, economies are unpredictable, there is always an economic risk associated with international trade. A can get expensive or cheaper with the currency exchange rates of other countries. Leading to an unpredictable balance of trade.
However, this risk is not present in domestic business. So for U.S. companies doing business domestically instead of internationally can save them from tremendous economies challenges caused by currency exchange rates.
Answer:
Having familiarity with law and regulations
Explanation:
Joe, Jeff and Jerry Frank own Frank Brothers Farm, a seed company specializing in seed corn. At their weekly meeting they tried to calculate the portion of the farm's overhead expenses that is fixed and the portion that is variable. Over the past twelve months, the number of bushels of seed corn that has been sold reached its peak in May, when the total monthly overhead costs totaled $290,000 for 90,000 bushels of seed corn sold. The lowest number of bushels sold in the last twelve months occurred in December, when total overhead costs were $70,000 for 10,000 bushels sold. What is the fixed portion of the monthly overhead expenses?
Answers
Answer:
Fixed costs= $42,500
Explanation:
Giving the following information:
May:
Total monthly overhead costs totaled $290,000 for 90,000 bushels of seed corn sold.
December:
Total overhead costs were $70,000 for 10,000 bushels sold.
To calculate the fixed component, we need to use the high-low method.
First, the variable component:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (290,000 - 70,000) / (90,000 - 10,000)
Variable cost per unit= $2.75
Now, the fixed costs:
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 290,000 - (2.75*90,000)
Fixed costs= $42,500
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 70,000 - (2.75*10,000)
Fixed costs= $42,500
most contemporary textiles and textile products are mass produced. group of answer choices true false
Answers
True. Most present day textiles and fabric merchandise are mass produced.
What variety of merchandise are produced from textiles?Textile product mills convert uncooked textiles into completed products other than apparel. Some of the items made in this region include household items, such as carpets and rugs, towels, curtains and sheets, twine and twine, furniture and car upholstery, and industrial belts and fireplace hoses.
Polyester is now the world's most oftentimes used fibre, overtaking cotton in 2002. Prized for its relative cheapness, strength, lightness and wrinkle-free properties, polyester can be woven, knitted and blended with other fibres.
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https://brainly.com/question/30454266#SPJ4which of the following are reasons that the equilibrium interest rate for loanable funds to firms would decline?
a decrease in the price of the firms product. a decline in productivity . all baove
Answers
The equilibrium interest rate for loanable funds to firms would decline if there is a decrease in the price of the firm's product. This decrease in demand for loanable funds by firms leads to a decrease in the equilibrium interest rate.
A decrease in the price of the firm's product can lead to a decline in the equilibrium interest rate for loanable funds to firms. When the price of a firm's product decreases, it generally indicates a decrease in demand or a decrease in the firm's profitability. In response to reduced profitability, firms may scale back their investment plans and borrow less funds for investment projects.
Lower demand for loanable funds reduces the competition among firms to borrow funds, resulting in a downward pressure on the interest rate. Lenders, seeking to attract borrowers, may lower the interest rate they charge to entice firms to borrow. As a result, the equilibrium interest rate for loanable funds to firms declines.
Other factors, such as a decline in productivity, can also impact the equilibrium interest rate, but the given options only mention a decrease in the price of the firm's product as a reason.
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Corinth's labor supply grew by 1.4% and land stock grew by 1% from 425 BCE to 424 BCE. Landowners received 50% of income. If total factor productivity grew by 0.3% find the growth rate of aggregate output.
Answers
Answer:
1.51%
Explanation:
Recall that:
Total Output = \(A\times K^a \times ^{1-a}\)
here;
A = total productivity factor
K = capital input
L = labor input
SInce Landowners gets 50% of income; then a = 0.50
\(= A\times K^ {0.50} \times ^{1-0.50}\)
Output at 424BBC
\(= 1.003A \times (1.014K)^{0.5}(1.01L)^{0.5}\)
\(= 1.003 \times (1.007)(1.005)AK^{0.5}L^{0.5}\)
\(=1.0151AK^{0.5}L^{0.5}\)
Thus, the growth rate from 425 BCE to 424 BCE :
= 1.0151 - 1
= 0.0151
= 1.51%
Assume a company is considering buying 10,000 units of a component part rather than making them. A supplier has agreed to sell the company 10,000 units for a price of $40 per unit. The company's accounting system reports the following costs of making the part:
Per Unit 10,000 Units per Year
Direct materials $ 18 $ 180,000
Direct labor 12 120,000
Variable manufacturing overhead 2 20,000
Fixed manufacturing overhead, traceable. 8. 80,000
Fixed manufacturing overhead, allocated 4. 40,000
Total cost$ 44. $ 440,000
Three-fourth's of the traceable fixed manufacturing overhead relates to supervisory salaries and the remainder relates to depreciation of equipment with no salvage value. If the company chooses to buy this component part from a supplier, then the supervisor who oversees its production would be discharged. What is the financial advantage (disadvantage) of buying 10,000 units from the supplier?
Answers
The financial advantage of buying 10,000 units from the supplier is $40,000. The company would save $40,000 by purchasing the component part instead of making it internally.
To calculate the financial advantage or disadvantage of buying 10,000 units of the component part from the supplier, we need to compare the total cost of making the part internally with the cost of purchasing it from the supplier.
Total cost of making the part internally:
Direct materials: $18 per unit * 10,000 units = $180,000
Direct labor: $12 per unit * 10,000 units = $120,000
Variable manufacturing overhead: $2 per unit * 10,000 units = $20,000
Fixed manufacturing overhead, traceable: $8 per unit * 10,000 units = $80,000
Fixed manufacturing overhead, allocated: $4 per unit * 10,000 units = $40,000
Total cost of making the part = $180,000 + $120,000 + $20,000 + $80,000 + $40,000 = $440,000
Cost of buying 10,000 units from the supplier:
Price per unit from the supplier: $40 per unit * 10,000 units = $400,000
To calculate the financial advantage or disadvantage, we subtract the cost of buying from the cost of making:
Financial advantage/disadvantage = Cost of making - Cost of buying
= $440,000 - $400,000
= $40,000
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_____looks at the economic behavior of individual people and organizations in specific markets.
Answers
Microeconomics looks at the economic behavior of individual people and organizations in specific markets.
What is microeconomics?
The social science of microeconomics examines the effects of incentives and choices, particularly how they affect the allocation and use of resources. Microeconomics is a branch of classical economics that studies how individuals and organizations behave and interact while selecting how to allocate scarce resources. It is the study of resource allocation and usage decisions made by people and businesses. According to microeconomic theory, markets reach equilibrium when the supply of products balances the demand.
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What is average fixed cost , average variable cost ,average cost and marginal cost??
Answers
Answer:
Since the fixed cost does not change with the output, the average fixed cost decreases as the output increases. The average variable cost does not always increase in proportion to an increase in the output. Marginal costs also come down until 44 units are produced after which they start rising.
Explanation:
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Help ME WITH THIS PLEASE
Answers
For each of these adjusting entries, the account to be debited and the account to be credited are as follows:
a. Debit Utilities Expense
a. Credit Utilities Payable
b. Debit Supplies Expense
b. Credit Supplies
c. Debit Unearned Revenue
c. Credit Service Revenue
What are adjusting entries?Adjusting entries are journal entries made at the end of an accounting period to update the accounts and bring them up to date before the financial statements are prepared. These entries are necessary to ensure that the financial statements accurately reflect the company's financial position and performance for the period.
Adjusting entries are required because certain transactions are not recorded daily or are recorded in a way that needs to be corrected at the end of the period. For example, some expenses may have been incurred but not yet recorded, or some revenues may have been earned but not yet recognized in the accounts.
Adjusting entries typically involve one balance sheet account and one income statement account, and they may be used to record accrued revenues, accrued expenses, prepaid expenses, unearned revenues, depreciation, and other adjustments. These entries help to ensure that the financial statements provide a true and fair view of the company's financial position and performance for the period.
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Research suggests that exposure to news media produces what outcome among women?
Answers
Exposure to news media among women can lead to increased political knowledge, engagement, and empowerment, while shaping perceptions of gender-related topics and societal norms.
Research suggests that exposure to news media has several outcomes among women.
Firstly, it can result in increased political knowledge, as women gain information about political processes, policies, and current events. This knowledge equips them to make informed decisions and participate in political discussions.
Secondly, exposure to news media can enhance political engagement, such as voting, attending public meetings, or joining advocacy groups. It also contributes to improved civic participation, as women become more aware of social issues and take actions to address them.
Moreover, news media plays a role in shaping women's perceptions of gender-related topics, societal norms, and roles. It can challenge stereotypes, highlight women's achievements, and promote discussions about gender equality.
Ultimately, exposure to news media empowers women by providing information, platforms for expression, and opportunities to influence public opinion and social change.
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Conduct thorough research on the following questions and provide a concise response:
(a) Why is teamwork important in business?
(b) How can employers help facilitate successful teamwork?
Answers
B. People should be rewarded for collaborating and contributing. Let them know how much you appreciate their thoughts and efforts. Employees would be more engaged, inspired, and invested in the organization's success if they are active in every step of decision-making.
You just started your first full-time job, and one of the benefits is a retirement savings plan. Someone in the human resources department is going over your benefits and says that you have make choices about how the retirement savings plan is invested. She gives you some papers to read and asks you to stop by and let her know your choices when you come to work tomorrow. What must you consider as you read the information and make your choices? Answer in complete sentences.
Answers
I need to be aware that investment options and the market conditions can change over time, and I should regularly review and adjust my investment choices as to ensure I am on the track to meet my retirement goals.
What is retirement?Retirement is a phase in a person's life when they choose to stop working or reduce their work hours. It is a time when people typically have reached a certain age, have accumulated enough savings or investments, and are ready to leave the workforce. Retirement can be a voluntary decision or forced due to health issues or other reasons. During retirement, individuals can pursue hobbies, travel, spend time with family and friends, and engage in leisure activities they did not have time for while working. Retirement also involves careful financial planning to ensure that one's income will be sufficient to support their lifestyle and cover expenses, such as healthcare and housing. Many people also choose to seek advice from financial planners and other professionals to help them navigate this phase of life.
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lynette purchased a property under a bargain and sale deed. which statement best describes the covenants lynette's deed provides?
Answers
The statement that best describes the covenants provided by Lynette's bargain and sale deed is that it provides no warranties or covenants regarding the condition of the property, title, or encumbrances.
Lynette's property has been purchased under a bargain and sale deed, which is a type of conveyance that transfers ownership of real property from the grantor to the grantee without providing any guarantees or warranties.
This means that the grantor, in this case, the seller, makes no representations or guarantees about the property's condition, title, or encumbrances. The grantor is only conveying what they currently own and have the right to sell.
Lynette should be aware of this and should take the necessary steps to protect her interest in the property.
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which of the following can impact your credit score
The number of times you choose credit when given the choice between debit and credit at a register
you’re a debit to credit ratio
if you buy items at full price or at a discounted price when using credit
Types of items you’re buying using credit
Answers
Answer: B. your Debt to Credit ratio
Explanation:
Your debt to credit ratio is important to lenders because it shows whether you spend wisely when given debt.
Debt to credit is measured as the percentage of debt you have given your credit limit. If for instance you have a credit card limit of $50,000 and have debt of $10,000, your debt to credit ratio is:
= 10,000/50,000 * 100
= 20%
Generally the lower this ratio, the better the contribution to your credit score.
The table shows the terms of a fixed-rate mortgage.
Which accurately describes the terms of this mortgage? Check all that apply.
The homeowner is borrowing $360,000.
The monthly interest rate is 4 percent.
Monthly payments must be made for 30 years.
The annual interest rate is 4.8 percent.
The homeowner is borrowing $200,000.
Monthly payments must be made for 360 years.
Answers
The fixed-rate mortgage concept is used in home loans. Monthly payments for 30 years, the interest rate is 4.8%, and borrowing $200,000.
What is a fixed-rate mortgage?It is usually used in home loans with a fixed interest rate during the term of the loan. It is beneficial because once the rate of interest is fixed it is not influenced by the increase in the rate in the future.
C - Monthly payments for 30 years.
D - The interest rate is 4.8 % annually
E - borrowing $200,000.
Therefore, options C, D, and E explain the fixed-rate mortgage.
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Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
Answers
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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Which of the following transactions would count in GDP?
Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers.
Kerry buys a new sweater to wear this winter.
Patricia receives a Social Security check.
Roberto gives his daughter $50 for her birthday.
Latika sells $1,000 of General Electric stock.
Karen buys a new car.
Amy buys a used car.
Answers
The transactions that would count in GDP are:
Kerry buys a new sweater to wear this winter.Karen buys a new car. How to Determine Transactions that will Count in GDP?To decide which undertakings will count in GDP (Gross Domestic Product), you need to consider the following guidelines:
Final Goods and Services: GDP involves the value of conclusive goods and aids, which are products or duties that are sold completely-user for consumption or expense purposes. Intermediate goods, that are used in the result process, are not included. So, transactions including final merchandise and services will count in GDP. Example: A person purchasing a new car for personal use.Market Transactions: GDP contains only market undertakings, which include the exchange of goods or services for services or its equivalent. Non-advertise activities, such as step forward work or unpaid aids, are not included. Example: Hiring a vertical to fix a leaking pipe and paying for the help.Production within a Country's Borders: GDP contains economic ventures that occur within a country's borders, although the nationality of the things or entities involved. It captures the advantage of goods and aids produced domestically, even though the ownership of the business or the trained workers is foreign. Example: A external-owned party producing goods inside the country and selling ruling class domestically.Income Generation: GDP includes the salary generated through the production of merchandise and services. This contains wages, salaries, profits, rents, and interest won by individuals and trades. Example: A business winning revenue from selling merchandise or services.Learn more about GDP here: https://brainly.com/question/1383956
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What are the three types of business organizations?
Answers
Answer: sole proprietorship, partnership, and corporation
Select the correct answer.
What type of curve results from plotting the market price of a commodity and the quantity required by consumers?
O A downward-sloping curve
O B. upward-sloping curve
OC. supply curve
OD
self-intersecting curve
Answers
Answer:
The answer is A
Explanation:
The downward sloping curve is a graphical representation depicting the relationship between a commodity's different price levels and quantities which consumers are willing to buy.
what is called higher level education
Answers
The manager of CRT Construction Company needs to decide how four engineers are assigned to work on four projects. Each engineer charges different fees on each project, due to the locations of the project and the load of the job. The costs (in pesos) of assignment are as follows:
Project
A
B
C
D
25,000
20,000
28,000
27,000
Engineer
123
4
12,000
15,000
19,000
14,000
8,000
17,000
14,000
20,000
22,000
24,000
14,000
15,000
What is the best assignment to minimize the cost?
Answers
A construction company needs to decide how four engineers are assigned to work on four projects. The costs of assignment are given in the table below. In this case, the objective is to minimize the total cost. The company should choose the assignments that will result in the lowest total cost.
In this problem, the task is to minimize the cost of assignment. To solve this problem, we can use the Hungarian Algorithm. This method involves reducing the cost matrix and selecting the minimum number of rows and columns that will cover all zeros without using the same row or column more than once. The table below shows the reduction of the cost matrix.
So, the best assignment to minimize the cost is Engineer 1 to Project A, Engineer 2 to Project B, Engineer 3 to Project C and Engineer 4 to Project D.
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Oh.. I found my little kitty when I was Cycling in the park. I heard some noise. It was coming from a Box. When I opened it I saw a cute little kitten inside it. It was a newborn baby So I adopted it .