(a) How can a firm determine the best level of output and price for products that are jointly produced in fixed proportions? (b) Under what circumstances would a firm produce a product and then destroy it?

Answers

Answer 1

a) A firm determine the best level of output and price for products that are jointly produced in fixed proportions through joint cost allocations. b) A firm produces a product and destroy it when there is more cost of transportation, defective products, illegality and obsolesce.

(a) A firm can determine the best level of output and price for products that are jointly produced in fixed proportions through the joint cost allocation method. The firm calculates the joint cost of producing both products, then assigns a portion of the joint cost to each product based on their relative market values. This will give the firm an idea of the cost of producing each product separately, allowing them to determine the best level of output and price for each product.

(b) A firm may produce a product and then destroy it under the following circumstances:

If the cost of storing or transporting the product is greater than the revenue that can be generated from selling it.

If the product is defective or does not meet the firm's quality standards.

If the product is illegal or violates safety regulations.

If the firm is attempting to manipulate the market by reducing supply to increase prices.

If the product has become obsolete or outdated and is no longer in demand.

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Related Questions

Which is a characteristic of judging approach

Answers

Answer:

Clarity and Closure

Explanation

Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.

Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.

Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.

firms with clearly communicated, widely understood and collectively shared mission and vision have been shown:

Answers

Firms with clearly communicated, widely understood and collectively shared mission and vision have been shown to experience a multitude of benefits. Firstly, it helps to align employees and stakeholders towards a common goal, which improves productivity and efficiency.

Additionally, it can improve the firm's reputation and attract customers and investors who share similar values. This can also lead to higher levels of job satisfaction and employee engagement. Finally, having a clear mission and vision can help firms navigate through challenges and changes, as it provides a guiding framework for decision-making.

Overall, having a well-communicated and shared mission and vision is crucial for a firm's success and sustainability. A firm is a business association that looks to create a gain through the offer of labor and products. The term firm is inseparable from business or organization. Businesses can operate as sole proprietorships or corporations, among other structures.

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most mutual funds are structured in two ways. the most common structure is a(n) fund, from which shares can be redeemed at any time at a price that is tied to the asset value of the fund. a(n) fund has a fixed number of nonredeemable shares that are traded in the over-the-counter market.

Answers

Mutual funds are typically structured in two ways: open-end funds and closed-end funds.

Open-end funds are the most common structure, allowing investors to buy and sell shares directly from the fund at any time. The price of these shares is determined by the net asset value (NAV) of the fund, which is calculated daily based on the total value of the underlying assets divided by the number of outstanding shares. This structure provides liquidity and flexibility to investors, as they can easily enter or exit the fund based on their investment goals.

On the other hand, closed-end funds have a fixed number of nonredeemable shares that are issued through an initial public offering (IPO). These shares are then traded on the over-the-counter (OTC) market, where their price is determined by supply and demand. Unlike open-end funds, closed-end funds do not continuously issue or redeem shares, resulting in a fixed pool of assets. This can create opportunities for investors to buy shares at a discount or premium to the NAV, depending on market conditions.

In summary, open-end funds offer liquidity and a price tied to the NAV, while closed-end funds have a fixed number of shares traded on the OTC market, with prices determined by market forces.

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You can buy life insurance for anyone. True or false

Answers

Answer:

False

Explanation:

Answer: False

Explanation:

What makes an Interior Design Business so successful

Answers

Answer:

the soft ness of the fabric

Flextime, compressed workweeks, work-at-home arrangements, part-time hours, job sharing, and leave
options are all considered:
a. to be expensive but necessary in today's working environment.
b. to be time savers because they allow employees to spend more time at work.
c. alternative work arrangements necessary to manage work-home conflicts.
d. initiatives directed more toward women than men to attract them to the job market.

Answers

Flextime, compressed workweeks, work-at-home arrangements, part-time hours, job sharing, and leave options are all considered alternative work arrangements necessary to manage work-home conflicts. Option C is the correct answer. Flextime, compressed workweeks.

work-at-home arrangements, part-time hours, job sharing, and leave options are all considered alternative work arrangements necessary to manage work-home conflicts. Alternative work arrangements are a type of work arrangement that differs from traditional work arrangements like a 9-5 work schedule, Monday to Friday. These are alternative work arrangements.

used to help employees manage their work-life balance and can help improve their productivity, job satisfaction, and overall well-being. They can include part-time hours, job sharing, and work-at-home arrangements. work-at-home arrangements, part-time hours, job sharing, and leave options are all considered alternative work arrangements necessary to manage work-home conflicts. Alternative work arrangements are a type of work arrangement that differs from traditional work arrangements like a 9-5 work schedule, Monday to Friday. These are alternative work arrangements.

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When JFCs consider incorporating combinations of contiguous and noncontiguous AOs with linear and nonlinear operations, they choose the combination that fits the operational environment and the purpose of the operation. Which of the following combinations describe a typical sustained offensive and defensive operation against powerful, echeloned, and symmetrically organized forces and where the forward line of own troops focus combat power and protect sustainment functions?
1. Nonlinear operations in noncontiguous AOs
2. Nonlinear operations in contiguous AOs
3. Linear operations in contiguous
4. AOs linear operations in noncontiguous AOs

Answers

Answer:

The correct answer is C)

Linear operations in contiguous AOs.

Explanation:

JFC stands for Joint Forces Command.

AO in United States Army nomenclature means Area of Operations.

Linear Operations is a military terminology which refers to the execution of operations using their own troops engaged in combat in a forward fashion. Linear operations military tactics allow commanders to channel and maintain combat power toward enemy forces along with adjacent units. Another word for adjacent units is Adjacent Operations.

Cheers!

what are four factors a leader should consider when establishing a constructive climate? for each factor, understand the following: a. what is the factor? b. why is that factor important in a climate? c. how can a leader build or communicate that factor?

Answers

The four factors a leader should consider when establishing a constructive climate are trust, respect, communication, and inclusion.


Trust is important because it fosters a sense of comfort in which team members are more willing to take risks and be creative. Respect builds a culture of understanding and can promote collaboration. Communication is key to ensure everyone is on the same page. Lastly, inclusion ensures every team member feels valued and heard.

To build trust, leaders should focus on transparency, consistency, and fairness. Respect should be cultivated by recognizing different perspectives, empowering team members to make decisions, and providing support.

Communication should be clear and effective, allowing for collaboration and feedback. Lastly, inclusion can be achieved through activities that build a sense of community, such as team-building exercises.

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Alisha is preparing an email for an internal audience. Who would be most likely to receive that email?.

Answers

Answer:

Based on the audience that Alisha is preparing the email for, the person that would probably receive this email is one of her coworkers.

Explanation:

Who comprises the internal audience?

The email by Alisha is being prepared for an internal audience. An internal audience in a company refers to all the people within the company including employees, employers, managers, board of directors, and executives.

The fact that Alisha is sending the email to an internal audience means it would likely go to a coworker who would be an employee like Alisha as opposed to customers and vendors.

Which technologies have made global communication instant and more effective? Choose three answers.

social media
wireless devices
smart phones
automobiles
printed newspapers

Answers

The technologies that made global communication instant and more effective were social media, wireless devices, and smart phones.

The speed of communication made possible by technological developments has increased the social and economic interaction between countries, making the development of globalization possible.

Through instant communication through means that use the internet, it is possible for people to communicate from anywhere in the world quickly and cheaply.

Therefore, the effects of new communication technologies made possible business in other countries and the formation of multicultural environments.

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Answer: a b c

Explanation:

just took the unit

Juanita and Gilberto need to decide which one of them will take time off from work to complete the rather urgent task of digging postholes for their new fence. Juanita is pretty good with a post auger; she can dig the holes in 30 minutes. Gilberto is somewhat slow; it takes him 3 hours to dig the holes. Juanita earns $120 per hour as a psychiatrist, while Gilberto earns $25 per hour as a cobbler. Keeping in mind that either Juanita or Gilberto must take time off from work to dig the holes, who has the lower opportunity cost of completing the task?

Answers

Answer: Juanita

Explanation:

Given the following :

Time required for Juanita to complete task = 30 minutes

Time required for Gilberto to complete task = 3 hours

Juanita's earning per hour = $120

Gilberto's earning per hour = $25

Juanita's opportunity cost = $120 × 30 minutes

= $120 × 0.5 = $60

Gilberto's opportunity cost = $25 × 3 hours

= $25 × 3 = $75

Therefore, Juanita has the lower opportunity cost of completing the task.

3. In your own words explain financial innovation. In your own words explain financial inclusion.

Answers

Answer:

New products / Availability of opportunities

Explanation:

Financial innovation refers to the process of creating new financial or investment products, services, or processes. These changes can include updated technology, risk management, risk transfer, credit and equity generation, as well as many other innovations.

Financial inclusion is defined as the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and services. These include banking, loan, equity, and insurance products.

At a local grocery store, they sell a Visa card that has a prepaid amount on it. People can use this card anywhere, but it cannot be used for more than its prepaid value. Which type of card is this?

A.
a debit card

B.
a smart card

C.
a stored value card

D.
a retail credit card

Answers

The type of the card is  a Retail Credit card. Hence the option (D) is the correct one.

What is the function of retail credit cards work?

For retail credit cards, an image You can potentially obtain benefits at some retail establishments if you have a retail store credit card.

Decide if you want a card that restricts the retailers with which you may earn rewards or one that enables you to earn rewards for regular purchases. Benefits could consist of privileged access to funding, exclusive deals, discounts, and awards.

For instance, paying in whole for a motorcycle costing $10,000 would be excessive for a buyer.

Consumer will receive a $10,000 loan from retail credit institutions, which will be repaid with interest over a period of time in the form of monthly installments.

Hence the correct option is  (D).

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What is budgetary control. Discuss three major reasons why companies prepare budgets. Why is the sales forecast the starting point in budgeting? How can budgeting assist a company in planning its workforce staffing levels? Provide an example

Answers

Budgetary control is crucial for financial management as it aids in planning, resource allocation, performance evaluation, and aligning activities with financial goals. Sales forecasts are utilized for budgeting, and incorporating workforce staffing levels.

Budgetary control refers to the process of planning, implementing, and monitoring budgets to ensure effective financial management within an organization. It involves comparing actual financial performance against the budgeted figures and taking corrective actions if necessary.

Companies prepare budgets for several reasons:

1. Planning and Goal Setting: Budgets help companies set financial goals and objectives. By forecasting revenues, expenses, and profits, organizations can create a roadmap for achieving their targets and align their activities accordingly.

2. Resource Allocation: Budgets enable companies to allocate resources effectively. They provide insights into the funds available for various departments or projects, ensuring that resources are distributed optimally to support operational needs.

3. Performance Evaluation: Budgets serve as benchmarks for evaluating actual performance. By comparing actual results with budgeted figures, companies can identify areas of variance and take corrective actions to control costs, improve efficiency, and achieve financial objectives.

The sales forecast is the starting point in budgeting because it provides crucial information about expected revenue. It forms the basis for estimating future sales volumes and revenues, which then guide other budget components such as production costs, marketing expenses, and investment decisions.

Budgeting can assist a company in planning its workforce staffing levels by aligning labor costs with anticipated business activity. For example, if a retail company forecasts a surge in sales during the holiday season, it can budget for additional temporary staff to handle the increased workload.

Conversely, during a period of reduced demand, the company can adjust its staffing levels and labor costs accordingly to avoid unnecessary expenses.

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On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.

Answers

Complete Question:

On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720

Journalize the first interest payment and the amortization of the related bond discount using the Straight line method

Answer:

Kindly check Explanation

Explanation:

Given the following :

Face value of bond issued = $1,450,000

Cash received on Issuance = $1,408,720

Number of Interest payment on bond = 5 × 2 = 10(semiannual)

Therefore, discount on bond :

$(1,450,000 - 1,408,720) = $41,280

Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)

Discount / period

$41,280 / 10 = $4,128

Interest expense a/c Dr $40,378

To discount on bond payable a/c Cr $4128

To cash a/c $36,250

a)
1) A market is said to be in equilibrium when?

Answers

Answer: When supply meets demand

which of the following statements best represents a neoclassical interpretation of a short-run increase in aggregate supply? select the two correct answers below.

Answers

According to neoclassical economists, short-term shifts in aggregate supply do not impact the long-term aggregate supply. Thus, the aggregate supply curve is always vertical in the long run and represents the capacity output of an economy. In the short run, however, changes in aggregate supply can have a significant impact on the economy.

According to neoclassical economists, short-term shifts in aggregate supply do not impact the long-term aggregate supply. Thus, the aggregate supply curve is always vertical in the long run and represents the capacity output of an economy. In the short run, however, changes in aggregate supply can have a significant impact on the economy. Therefore, there is no shift in the long-run aggregate supply, but there is a shift in the short-run aggregate supply.The following statements best represents a neoclassical interpretation of a short-run increase in aggregate supply:1. An increase in aggregate supply in the short run leads to a rise in the economy's real GDP, but only temporarily.2. The increase in aggregate supply is triggered by an increase in the price level in the short run.Thus, the correct option is:A. An increase in aggregate supply in the short run leads to a rise in the economy's real GDP, but only temporarily.B. The increase in aggregate supply is triggered by an increase in the price level in the short run.

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How does larceny differ from embezzlement? Choose 2 answer choices. Violence is used. The intent could include taking the property temporarily. It requires that the property is entrusted to the perpetrator. The property can include non-physical assets. Clarence sneaks into his neighbor's yard and takes a bike to sell for cash.

Answers

The taking of another person's property without using force is referred to as larceny and is what most people consider to be common theft.

What is meant by the word "property"?

The word "property" refers to an item of legal rights that includes goods or wealth as a whole and often has a strong individual ownership connotation. The phrase in law refers to the complex of legal relationships that exist between and among individuals with regard to objects. In economics and political economy, there are three main categories of property: private property, public property, and communal property (also called cooperative property). Intangible assets are those that solely have potential or present value and have no inherent value of their own.

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True or false? Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about building out a detailed plan.

Answers

Answer:

ture

Explanation:

technology is here to solve your problems

Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about building out a detailed plan, this statement is true.

What is technology?

Technology is the development, application, and knowledge of tools, techniques, skills, systems, or administrative procedures used to address a challenge or further a certain objective. Business Models for the Digital Economy.

The primary goal of technology, which combines tools to promote development, use, and information interchange, is to simplify work and find solutions to many of humanity's issues. We must underline the advantages of technology as it develops and continues to make our lives easier.

Hence, Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about creating out a detailed plan.

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each of the other budgets in the master budget depends on the sales budget. production budget. cash budget. budgeted income statement.

Answers

The sales budget serves as the foundation for each of the other budgets in the master budget.

The production budget is based on the level of sales projected in the sales budget, while the cash budget is dependent on the timing of those sales and the associated cash inflows. Additionally, the budgeted income statement is based on the revenue and expense projections from the sales and production budgets. Therefore, accurate forecasting in the sales budget is crucial for creating an effective and realistic master budget.

Once the sales budget is prepared, other budgets such as the production budget, cash budget, and budgeted income statement can be developed based on the sales projections. These budgets are interconnected, and the sales budget serves as the foundation for creating a comprehensive financial plan for the organization.

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What is the marginal revenue and marginal cost for this diagram?

What type of market is this? Explain your answer

What is the marginal revenue and marginal cost for this diagram?What type of market is this? Explain

Answers

Marginal revenue :

2060120200300420560

Marginal cost :

108210192640

It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.

Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.

Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.

Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.

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why does the amount of interest you owe decrease every month?

Answers

Answer:

The outstanding principle is less

Explanation:

Answer:the overall balance decreases

Explanation: because you have to pay less interest over time because you are paying money to them

What will budgeted net income equal if 21,000 units are produced and sold? (do not round intermediate calculations.)

Answers

The budgeted net income for 21,000 units is $55,500 (option C).

To calculate the budgeted net income for 21,000 units, we need to determine the variable cost per unit and use it to calculate the contribution margin. We'll then subtract the fixed costs to find the net income.

Variable cost per unit = Total variable costs / Number of units

Variable cost per unit = (Manufacturing costs + Selling and administrative costs) / 20,000 units

Variable cost per unit = ($70,000 + $40,000) / 20,000 units

Variable cost per unit = $110,000 / 20,000 units

Variable cost per unit = $5.50 per unit

Contribution margin per unit = Sales per unit - Variable cost per unit

Contribution margin per unit = $200,000 / 20,000 units - $5.50 per unit

Contribution margin per unit = $10 - $5.50

Contribution margin per unit = $4.50 per unit

Contribution margin for 21,000 units = Contribution margin per unit * 21,000 units

Contribution margin for 21,000 units = $4.50 per unit * 21,000 units

Contribution margin for 21,000 units = $94,500

Net income = Contribution margin - Fixed costs

Net income = $94,500 - ($22,000 + $17,000)

Net income = $94,500 - $39,000

Net income = $55,500

Therefore, the budgeted net income for 21,000 units is $55,500 (option C).

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Complete Question:

Units 20,000 Units

Sales $200, 000

Less variable costs:

Manufacturing costs: $70,000

Selling and administrative costs: $40,000

Contribution margin: $90,000

Less fixed costs:

Manufacturing costs: $22,000

Selling and administrative costs: $17,000

Net income: $51,000

What will budgeted net income equal if 21,000 units are produced and sold? (Do not round intermediate calculations.)

A. $94,500

B. $53,550

C. $55 500

D. $210,000

Inflation risk deals with: A) A reduction in purchasing power. B) Changes in interest rates. C) Bad management and/or unsuccessful products. D) Political or social conditions. E) Predictable sources of income.

Answers

Inflation risk deals with: A) A reduction in purchasing power.

What is Inflation Risk?

Inflation risk occur when the price of products or goods in the market increase.

When their is inflation  the purchase power to buy goods and service will tend to reduce as people will not be able to buy enough goods due to high price.

Therefore the correct option is A.

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Utility is an important aspect of market research because it can save a company lots of time and money.

true or false

Answers

false , it is important to the market but it does not help its like bills so you don’t really save money

The given statement that Utility is an important aspect of market research because it can save a company lots of time and money is false.

What is market research?

Market research is defined as the process of actively questioning latent customers to find out the viability of a brand-new service or product.

Market research modifies a business to determine its target market and find comments and another input from customers about their involvement in a product or service.

Utility is critical to the market, but it does not support to save money because it is similar to bills.

Therefore, the given statement is false.

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If a benevolent social planner chooses to produce less than the equilibrium quantity of a good, then?.

Answers

If the planner chooses to produce less than the equilibrium then the value placed on the last unit of production by buyers exceeds the cost of production.

What is equilibrium?

Economic equilibrium, as used in economics, is a state in which forces such as supply and demand are in balance and the values of economic variables will not change in the absence of external influences. Equilibrium, for instance, happens when the quantity demanded and the quantity given are equal, as in the classic text perfect competition.

In this context, market equilibrium refers to the situation in which a market price is set through competition in such a way that the quantity of goods or services demanded by buyers and the quantity of goods or services provided by sellers are equal. This pricing, which is frequently referred to as the competitive price or market clearing price, tends to remain constant barring changes in supply or demand. The quantity is known as the "competitive quantity" or market clearing quantity. Economic equilibrium, however, also holds true in imperfectly competitive marketplaces and takes the form of a Nash equilibrium.

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If a benevolent social planner chooses to produce less than the equilibrium quantity of a good, then?

A startup business estimates first-year revenues at $93,000. Their cost of
goods sold is estimated at $41,200. The following amounts are estimates of
operating expenses for that year: rent, $11,400; utilities, $1,080; salaries,
$18,000; advertising, $950; supplies, $500; insurance, $1,800; other, $350.
What are the total estimated operating expenses?
A. $34,080
B. $41,200
C. $75,280

Answers

ANSWER=A
So 93,000$ revenu , - 41,200$ , - 11,400 , - 18,000 , - 950$, -500 , -1800 , -350 so 18,800$ net profit. the answer is A.

Explanation:goods sold isn’t part of operating expenses.

A
person who
owns stock in a
corporation.

Answers

shareholder or stockholder

Types of South African Businesses and Market Share

Answers

South Africa has a diverse range of businesses operating in various sectors, including mining, manufacturing, agriculture, finance, and tourism. Here are some of the types of businesses and their market share:

1. Mining - South Africa is a major producer of minerals such as gold, platinum, and diamonds. Mining companies like Anglo American Platinum, Sibanye-Stillwater, and Exxaro Resources dominate this sector.

2. Finance - The financial sector is one of the largest in South Africa, with major players such as Standard Bank, Absa, and Nedbank. These banks offer a range of financial services, including banking, insurance, and investments.

3. Retail - The retail sector is highly competitive, with major players such as Woolworths, Pick n Pay, and Shoprite Checkers. These companies operate supermarkets, clothing stores, and other retail outlets throughout the country.

4. Telecommunications - The telecommunications sector is dominated by three major players - MTN, Vodacom, and Cell C. These companies provide mobile phone and internet services to millions of customers in South Africa.

Overall, these and other businesses in South Africa compete vigorously for market share in their respective sectors, contributing to the country's economy and growth.

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Netflix and wal-mart both did well during the recession. which factor of the business/marketing environment best explains this?

Answers

The business/marketing environment factor that explains why Netflix and Wal-mart did well during the recession is branding.

What is branding?

It corresponds to a strategy of active management of a brand, creating value for it through its visual identity ​​and objectives, generating engagement with the target audience and satisfying their needs and desires in an innovative and creative way.

Therefore, branding is an essential strategy for a brand to be competitive and well positioned in the market.

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