The natural rate of unemployment in the US is 6.25% and in France, it is 11.11%.
a) Calculation of natural rate of unemployment in US and France:
The natural rate of unemployment can be calculated using the formula:
Natural rate of unemployment = Rate of job separation / (Rate of job separation + Rate of job finding)
Given rates of job separation and job finding:
In the US:
Rate of job separation = 1%
Rate of job finding = 15%
Natural rate of unemployment in the US = 1% / (1% + 15%) = 6.25%
In France:
Rate of job separation = 1.5%
Rate of job finding = 12%
Natural rate of unemployment in France = 1.5% / (1.5% + 12%) = 11.11%
Therefore, the natural rate of unemployment in the US is 6.25% and in France, it is 11.11%.
b) Reasons for differences in unemployment rate:
Differences in labor market regulations:
France has stricter labor market regulations compared to the US. These regulations can create barriers for employers to hire new workers and make it challenging for companies to downsize when needed. As a result, the unemployment rate in France may be higher than in the US.
Differences in economic policies:
The economic policies of the US are often focused on promoting economic growth and job creation. This can result in a more favorable business environment, which encourages companies to hire workers. In contrast, France may have economic policies that prioritize social welfare programs over job creation. This difference in approach can contribute to variations in the unemployment rates between the two countries.
Additionally, the US labor market tends to be more flexible, allowing companies to adapt to changing market conditions more easily. This flexibility can lead to a lower natural rate of unemployment compared to countries with more rigid labor market policies like France.
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Which of the following are not traits of entrepreneurs?
I
energy
dishonesty
dedication
dependence
Answer: dishonesty and dependence.
Explanation:
Dishonesty are not traits of entrepreneurs. Entrepreneurs often have a knack for thinking outside the box, generating new ideas, and finding innovative solutions to problems. The answer is OPTION B.
Risk-taking: Entrepreneurs are willing to take calculated risks and step out of their comfort zones to pursue their business ideas.
Passion: Successful entrepreneurs are deeply passionate about their ventures, which fuels their motivation and perseverance.
Vision: Entrepreneurs have a clear vision of their goals and a strong sense of where they want to take their businesses in the long term.
Adaptability: They can quickly adapt to changing circumstances, markets, and trends, allowing them to stay relevant and competitive.
Persistence: Entrepreneurs demonstrate resilience in the face of challenges, setbacks, and failures, and they are committed to overcoming obstacles.
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Which of the following requires that employers analyze their work force and develop a plan of action to correct areas of past discrimination? A) Affirmative Action B) Equal Employment Opportunity C) Equal Pay Act D) Wagner
The correct option that requires employers to analyze their workforce and develop a plan of action to correct areas of past discrimination is A) Affirmative Action.
Affirmative Action is a policy that aims to promote equal opportunity and eliminate discrimination in the workplace. It requires employers to take proactive steps to address past and current inequalities and ensure equal representation and access to employment opportunities for underrepresented groups. One of the key components of Affirmative Action is conducting a thorough analysis of the workforce to identify any disparities or patterns of discrimination. This analysis involves examining hiring practices, promotion rates, compensation, and other relevant factors. Based on the findings, employers must then develop a plan of action that includes specific strategies and goals to address the identified disparities and promote diversity and inclusion. This may involve implementing recruitment and outreach programs, establishing quotas or goals for hiring underrepresented groups, providing training and development opportunities, and taking other measures to correct past discrimination and promote a more equitable work environment.
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How do worker organizations influence wages?
A. They fight for higher pay for workers.
B. They lower the market value of workers.
C. They enforce regulations raising the minimum wage.
D. They require workers to have more education.
SUBMIT
Answer:
A.
Explanation:
In many industries wages are linked to enterprise cost of living which ensures a fair wages to workers. The wage rates are directly influenced by cost of living of a place. The workers will accept a wage which may ensure them a minimum standard of living. Wages will also be adjusted according to price index number.
They fight for higher pay for workers is the way organizations influence workers for wages. In many businesses, wages are tied to the cost of living of the company, ensuring that workers are paid fairly.
What is wage employment?In both the official and informal economies, wage employment encompasses any salaried or compensated position under contract to another person, organization, or company. Finding decent-paying work for those with impairments is often difficult.
Thus, option A, They fight for higher pay for workers is correct.
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Which statements about the offer are true? Check all that apply.
Answer:
there is no picture
Explanation:
when the title search found that the barn at 1000 oak lane encroached by five feet onto the neighbor's property, the neighbors could have
When the title search found that the barn at 1000 Oak Lane encroached by five feet onto the neighbor's property, the neighbors could have several options to address the situation. Here are some possibilities:
Negotiate a Boundary Agreement: The neighbors could discuss the encroachment issue and come to a mutual agreement regarding the use of the land. They may agree to adjust the property boundaries, either by allowing the encroachment to remain or by formalizing an agreement that specifies the usage rights and responsibilities for the affected area. Grant an Easement: The neighbors could enter into an easement agreement, which grants the property owner of 1000 Oak Lane the right to continue using the encroached area for a specific purpose, such as maintaining the barn. The easement would establish the rights and restrictions for both parties regarding the encroached area. Seek Legal Remedies: If the neighbors are unable to reach an agreement or if the encroachment is causing significant issues, either party may choose to pursue legal action.
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Business can handle risks through which of the following
Answer:
offering a wide range of products
Explanation:
Businesses handle international risks through offering a wide range of products. Also if you don't mind can you mark me as brainliest?? I need just one more to move up and become virtuoso on this site. Thank you!!
The FHA was designed to pay off mortgage insurance for homes that were going into foreclosure.
True
False
Answer:
TRUE FHA meaning federal housing administration
Which statements apply to a certificate of deposit (CD)? Check all that apply. It is always purchased as a short-term investment. It can be purchased from a banking institution. It is always purchased as a long-term investment. It can be purchased for almost any amount. It is purchased through an individual's employer.
The statements that apply to a certificate of deposit include;
It can be purchased from a banking institution. It can be purchased for almost any amount.A certificate of deposit is a low-risk investment where the depositor fixes a sum of money in an account for a period of time after which he can collect the investment along with interest accrued. Banks and credit unions are the main financial institutions known for issuing certificates of deposits. It is quite similar to opening a bank account.
The flexibility obtainable from this investment plan allows depositors to fix amounts that are commensurate to their budgets. However, some financial institutions have minimum amounts that are required for certificates of deposit. Different institutions have varying interest rates, therefore, it is necessary to make proper research before opting for an institution.
Summarily, the statements that apply to a certificate of deposit are;
It can be purchased from a banking institution. It can be purchased for almost any amount.Learn more about certificates of deposits here:
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Answer:
-It can be purchased from a banking institution.
- It can be purchased for almost any amount.
Explanation: just took the test
On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $215,000 with an accumulated depreciation of $185,000. Depreciation has been taken up to the end of the year. The company found a company that is willing to buy the equipment for $30,000. What is the amount of the gain or loss on this transaction
Answer:
The loss is "$10,000" and the gain is "$25,000".
Explanation:
The given amount is:
Cost,
= $215,000
Accumulated depreciation,
= $185,000
Book value,
= $30,000
Now,
The loss on sales will be:
= \(Sale \ price-Book \ value\)
= \(20,000-30,000\)
= \(10,000\) ($)
The gain on sales will be:
= \(Sales \ price-Book \ value\)
= \(55,000-30,000\)
= \(25,000\) ($)
what is the difference in cost between a 10% tolerance and a 1% tolerance resistor? where did you find that information?
The cost difference between a 10% tolerance resistor and a 1% tolerance resistor can vary greatly depending on the manufacturer, the resistor's specifications, and the quantity being purchased.
A 10% tolerance resistor and a 1% tolerance resistor refer to the acceptable level of deviation from the stated resistance value. A 10% tolerance means that the actual resistance can be 10% higher or 10% lower than the stated value, while a 1% tolerance means that the deviation is only 1%. The cost difference between these two types of resistors is largely due to the increased precision and tighter manufacturing tolerances required to produce a 1% tolerance resistor. Higher precision manufacturing processes and stricter quality control checks increase the cost of production, leading to higher prices for the end product. In general, 1% tolerance resistors are used in high-precision circuits and applications where small deviations in resistance can have significant effects on the performance of the circuit. On the other hand, 10% tolerance resistors are typically used in circuits where a small tolerance is not critical, and cost is a major concern. To find the exact cost difference between a 10% tolerance resistor and a 1% tolerance resistor, it is best to check the prices of specific resistors from various manufacturers or electronics distributors. The prices can vary greatly depending on the specific specifications of the resistor and the quantity being purchased.
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A certain manufacturer produce two product P & q. Each unit of product P require(init production) 20 unit of row material A &10 unit of raw material B. each unit of product of require 30 unit of raw material A & 50 unit of raw maternal B. There i a limited upply of 1200 unit of raw material A & 950 unit of raw material B. How many unit of P& Q can be produced if we want to exhaut the upply of raw material?
45 units of P and 10 units of Q we have to produce if we want to exhaust the supply of raw materials.
What Are Raw Materials?Raw materials are the stock or input goods that a business needs to manufacture its goods.
A few examples of raw materials are steel, oil, corn, grain, gasoline, lumber, forest resources, plastic, natural gas, coal, and minerals.
Two products are produced by one company P and Q.
Let manufacturer produces x unit material of P and y unit material of Q.
Each unit of product P requires in its production 20 units of raw material A and 10 units of row material B.
Each unit of product Q requires in its production 30 units of raw material A and 50 units of raw maternal B.
There is a limited supply of 1200 units of raw material A and 950 units of raw material B.
Therefore, the necessary equation to satisfy the stated hypothesis should be
20x + 30y ≤ 1200 ---(1)
10x + 50y ≤ 950 ---(2)
To find the value of, first solve these equations x and y.
Multiply the Equation (2) by 2
20x + 100y ≤ 1900 ---(3)
Subtract equation (3) and (1)
20x + 100y - (20x+30y) ≤ 1900 - 1200
20x + 100y - 20x - 30y ≤ 700
70y ≤ 700
Divide by 70 on both side
70y/70 ≤ 700/70
y ≤ 10
Now putting the value of y in the Equation (2)
10x + 50 × 10 ≤ 950
10x + 500 ≤ 950
Subtract 500 on both side
10x + 500 - 500 ≤ 950 - 500
10x ≤ 450
Divide by 10 on both side
10x/10 ≤ 450/10
x ≤ 45
Hence, 45 units of P and 10 units of Q we have to produce if we want to exhaust the supply of raw materials.
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a. Describe SWOT analysis as a way to guide internal analysis. (Define and cite, then answer through your definition)
b. What are potential weaknesses and limitations of SWOT analysis?
c. Do a SWOT analysis on you current or former employer
d. What is benchmarking, and how can it assist in strategy development and formulation?
a. SWOT analysis is a strategic tool used to assess the internal strengths and weaknesses of an organization and the external opportunities and threats it faces.
According to Kotler and Armstrong (2021), SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. It involves analyzing the organization's internal resources, capabilities, and limitations, as well as external factors in the market or industry that may impact its performance.
The purpose of SWOT analysis is to provide insights into the organization's current situation, identify areas of competitive advantage, and uncover potential areas for improvement. It helps guide internal analysis by providing a structured framework to assess and evaluate the organization's internal environment and its alignment with external factors.
b. While SWOT analysis is a widely used tool, it is important to acknowledge its potential weaknesses and limitations. Some of these include:
Oversimplification: SWOT analysis tends to simplify complex situations into four categories, which may overlook important nuances or interdependencies between factors. It may not provide a comprehensive and in-depth understanding of the organization's internal and external dynamics.
Lack of Prioritization: SWOT analysis does not inherently prioritize or rank the identified factors. It may not provide clear guidance on which factors are more critical or impactful to the organization's performance and success.
Limited Perspective: SWOT analysis is primarily focused on the current situation and may not adequately consider future trends or emerging factors. It may not capture long-term strategic considerations or anticipate changes in the external environment.
Subjectivity and Bias: SWOT analysis relies on subjective judgments and interpretations of data, which can introduce biases or personal perspectives. It may be influenced by individual or group biases, leading to incomplete or skewed analysis.
c. As an AI language model, I do not have a current or former employer to conduct a SWOT analysis on. However, I can assist you in understanding the process and provide guidance on how to conduct a SWOT analysis for your specific organization or industry.
d. Benchmarking is the process of comparing an organization's performance, practices, or strategies against those of other organizations or industry standards. It involves identifying best practices and performance measures used by industry leaders and using them as reference points for performance improvement.
Benchmarking assists in strategy development and formulation by:
Identifying Areas for Improvement: Benchmarking helps organizations identify performance gaps and areas where they lag behind industry leaders. By comparing their practices with those of top performers, organizations can identify opportunities for improvement and set targets for performance enhancement.
Learning from Best Practices: Benchmarking allows organizations to learn from industry leaders and adopt their best practices. It helps in understanding how successful organizations achieve superior performance and enables the transfer of knowledge and techniques to improve strategies and processes.
Setting Performance Targets: Benchmarking provides a reference point for setting performance targets. By comparing their performance with industry benchmarks, organizations can establish realistic and ambitious goals that align with industry standards and market expectations.
Enhancing Competitive Position: Benchmarking helps organizations gain a competitive advantage by identifying areas where they can differentiate themselves from competitors. By adopting best practices and implementing strategies that outperform industry benchmarks, organizations can enhance their market position and stand out from the competition.
Overall, benchmarking is a valuable tool in strategy development as it enables organizations to learn from others, identify improvement opportunities, and set performance targets based on industry standards and leading practices.
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Discuss reasons why a business might choose to sell direct to customers through a website with e-commerce facilities, as opposed to through fixed (physical ‘bricks and mortar') premises.
Answer:
Businesses might prefer selling direct to customers through a website with e-commerce facilities because:
1. For covering a wider distance, distance is not a barrier.
2. For flexibility for customers, as some e-commerce even accepts cryptocurrency payments.
3. For product and price comparison.
4. For saving cost incurred from having fixed (physical ‘bricks and mortar') premises.
5. For saving the cost of paying workers.
6. For maintaining social distancing protocol given by the government especially during the pandemic. This doesn't put anyone at risk.
Explanation:
The question above asks for justifications why a business might choose to sell direct to customers through a website with e-commerce facilities rather than selling to customers through fixed (physical ‘bricks and mortar') premises.
First, selling to customers through a website with e-commerce facilities involve virtual transactions with customers paying for goods and services they are interested in over the internet. With this, customers can pay with their bank cards through e-commerce websites. While selling through fixed (physical ‘bricks and mortar') premises involve direct contact in-person with the customer and possibly payment is made in cash or through any other accepted methods.
If the planned budget revenue for 5,000 units is $120,000, the flexible budget revenue for 4,500 units is ______.
Based on the planned budget revenue, the flexible budget revenue for 4,500 units will be $108,000.
What is the flexible budget revenue?First find the selling price under the planned budget:
= 120,000 / 5,000
= $24
The flexible budget revenue will be:
= 24 x 4,500 units
= $108,000
In conclusion, the flexible budget revenue is $108,000.
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When U. S. Preident Donald Trump impoed tariff on imported teel, Charmaine wa working a a project manager for a U. S. -baed contruction company. Charmaine’ company had to pay more for the teel they imported from China, which decreaed the overall profit on ome of their bigget build. After a few month, her company decided to raie the price of material for all future build to offet thoe extra cot. In thi cae, who ended up paying for the tariff?
The Trump tariffs are a set of American tariffs enacted during the administration of Donald Trump in an effort to close the trade deficit by reorienting American trade policy away toward bilateral trade partnerships over multilateral free trade agreements.
What is called imported?Anything acquired outside of the country of origin is considered an import. Both imports and exports are a part of global trade. A country has a trade imbalance if the value of the its imported exceeds than value of its exports. An import is any product that is produced overseas and brought into another country. For instance, if a Belgian company manufactures chocolate and sells it in the US, that would be considered an import from the American point of view.
Why is import used?With the use of a single phrase, Java's import statement makes it simple to take all of the classes that are visible to a program and specify them under a package. Since the programmer does not have to write the complete class definition, it is quite advantageous. As a result, it makes the program easier to read. Additionally, imports broaden the range of options available to consumers and contribute to cheap pricing, increasing their purchasing power. Additionally, imports give American firms high-quality inputs that assist enterprises and their American workers establish or maintain high levels of competitiveness in both domestic and international marketplaces.
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a project that provides annual cash flows of $22,000 for 6 years costs $62,000 today. a. if the required return is 15 percent, what is the npv for this project?
The NPV is positive, this project is expected to generate a return higher than the required 15% rate of return. Therefore, it would be a good investment.
To calculate the NPV of this project, we first need to determine the present value of the annual cash flows. Using a financial calculator or spreadsheet, we can input the following information:
- N = 6 (number of years)
- I/Y = 15% (required return)
- PMT = $22,000 (annual cash flow)
- FV = 0 (final value)
This calculation gives us a present value of $91,838.69 for the cash flows.
Next, we need to subtract the initial cost of the project, $62,000, from the present value of the cash flows. This gives us the NPV:
NPV = -$62,000 + $91,838.69 = $29,838.69
Since the NPV is positive, this project is expected to generate a return higher than the required 15% rate of return. Therefore, it would be a good investment.
It's important to note that the NPV calculation takes into account the time value of money, which means that cash flows received in the future are discounted at the required rate of return to reflect their present value. This helps us to compare investments with different timing and amounts of cash flows.
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Suppose that Ms. Thomson is currently exhausting her money income by purchasing 10 units of A and 8 units of B at prices of $2 and $4 respectively. The marginal utility of the last units of A and B are 16 and 24 respectively. These data suggest that Ms. Thomson: Group of answer choices considers A and B to be complementary goods. has preferences that are at odds with the principle of diminishing marginal utility. should buy less B and more A. should buy less A and more B.
Answer: should buy less B and more A.
Explanation:
Price of good A, PA = $2
Price of good B, PB = $4
The marginal utility on the last unit of A, MUA is given as 16
The marginal utility on the last unit of B, MUB is given as 24
Then, the marginal utility on the last dollar spent on A will be:
= MUA/PA
= 16/2
= 8
The marginal utility on the last dollar spent on B will be:
= MUB/PB
= 24/4
= 6
Based in the above calculation, Thomson should buy less B and more A as the marginal utility on the last dollar that is spent on A is more than that of B.
If the franchisor insists, it is best to sign a franchise contract
quickly before other entrepreneurs take advantage of the
opportunity.
true or false
The statement "If the franchisor insists, it is best to sign a franchise contract quickly before other entrepreneurs take advantage of the opportunity" is False.
A franchise contract is a legally binding document that binds the franchisee and the franchisor. It explains the terms and conditions under which the franchisee is permitted to use the franchisor's trademark, logo, and business model to open and operate a franchise establishment. A franchise agreement should be signed by the franchisee only after reviewing and verifying the conditions and terms outlined in the agreement.
A well-crafted franchise agreement can help the franchisee avoid potential legal problems and business disputes by laying out the details of the franchisor-franchisee relationship.However, it is not a good idea to sign the franchise contract quickly, especially if the franchisor insists on it. It is best to take time to go through the agreement, understand the terms, and seek legal advice. By doing so, you will be able to determine if the agreement is favourable or not.
You must not sign a franchise agreement under duress or without understanding the terms and conditions of the agreement. It is critical to remember that signing a franchise agreement obliges you to follow the guidelines laid out in the agreement, and failing to do so could result in legal problems.
It is not necessary to sign a franchise contract quickly before other entrepreneurs take advantage of the opportunity.
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1. One advantage of sole proprietorship is:
A. -easing of starting.
B -availability of different talents.
C -unlimited life of the company.
D -double taxation
Given that most people like the smell of baking cinnamon rolls and dislike the smell of burning tires, baking cinnamon rolls generates externality, and burning tires generates externality. O a positive, no O a negative; a positive Ono; a negative O a positive; a negative
Given that most people like the smell of baking cinnamon rolls and dislike the smell of burning tires, baking cinnamon rolls generates externality, and burning tires generates externality.The answer to the question is "O a positive; a negative"
Explanation:
Exteralities are costs or benefits that affect third parties to the transaction. They are the side effects of economic activities that affect uninvolved third parties who do not have control over these side effects. The side effects could be negative (costs) or positive (benefits).Burning tires have negative externalities because it releases toxic smoke that causes health problems and pollutes the air. People in the community around the burning tires would be negatively affected by the toxic smoke and polluted air.Baking cinnamon rolls, on the other hand, generates a positive externality. The smell of baking cinnamon rolls is pleasant and is likely to make people in the neighborhood happy. The smell spreads around the neighborhood, and people who are not involved in the baking of cinnamon rolls can also enjoy it.
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Sam needs to buy a second vehicle for his growing business by financing it for five years.
What is a smart move for him to make now?
Pay for a comprehensive credit report history to show his lender.
O Sell his first vehicle to show less debt on his credit report.
Refinance his first vehicle.
Request a free copy of his credit report before applying for a loan.
Answer: D- request a free copy of his credit report before applying for a loan
Explanation:
:) it’s smart moves
Sam needs to buy a second vehicle for his growing business by financing it for five years. The smart move for him to make now is to request a free copy of his credit report before applying for a loan.
What do you mean by business?Business refers to the activity of making money by producing or selling products such as goods and services.
The smart move for him to make now is to request a free copy of his credit report before applying for a loan.
Therefore, D is the correct option.
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aspirational group membership often appeals to the consumer’s _____.
Aspirational group membership often appeals to the consumer’s self-esteem.
Aspirational group membership is the concept of consumers striving to belong to social groups that possess desirable characteristics to achieve self-esteem. Aspirational group membership refers to the act of trying to belong to groups that embody appealing traits.
Such a phenomenon is common among individuals who identify with social classes above their own, admire the group's values, or wish to fit in with their desired social status. This group may consist of people who share a common interest or values, as well as people from a higher social class that individuals look up to.
Therefore, it can be concluded that aspirational group membership often appeals to the consumer's self-esteem. It allows them to connect with a group of individuals who are similar to them, making them feel comfortable and secure.
It also helps them to have a sense of belongingness that satisfies their need for social interaction and human contact.
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Suppose a worker made 4.25/ hour in 1993. How much is this worth today if the CPI in 1993 was 132 and today it is 237?
The share in the company's profit is called_________.
Answer:
profit sharing
Explanation:
From Investopia they define profit sharing as
"A plan gives employees a share in their company's profits based on its quarterly or annual earnings."
Accenture is helping a major retailer migrate to the Cloud. The client has aggressive timelines and is worried that security will be compromised. How can Accenture help the client?
Hello. You forgot to show the answer options. The options are:
• Accenture should advise the client to wait until the next phase to implement security controls.
• Accenture should develop a custom solution and suggest a timeline extension.
• Accenture has developed accelerators that can deploy specific security controls in hours, a task that used to take months.
• Accenture recommends that the additional security controls are not needed since the Cloud is secure by default.
Answer:
Accenture has developed accelerators that can deploy specific security controls in hours, a task that used to take months.
Explanation:
Accenture will promote a good management of the retailer's files that will go to the cloud promoting the security that it needs. However, this is a slow process, which requires very delicate and precise protocols, which can cause the implementation of security systems to take months to be ready. However, as the retailer has very tight deadlines, Accenture can develop accelerators that will streamline this process.
_______________ is intentionally or unintentionally using someone else's work without giving credit to the original author or creator.
a.
Research
b.
Plagiarism
c.
Articulation
d.
Investigation
Answer:
b. Plagiarism
Explanation:
Plagiarism refers to the action of presenting somebody else work as your original work acknowledging the original author. Plagiarism may be deliberate or unintended. The internet has software applications that assist students and scholars check against plagiarism.
Plagiarism is considered an offense in the academic and scholarly world.
Answer:
B
Explanation:
edg2021
How does the price of oil impact the price of food?
Answer:
The price of Oil effect the price of food because it all works together in the economy/system
Explanation:
Closure is the property of an operation and a set that the performance of the operation on members of the set always yields a member of the ______.
Answer:
Set.
Explanation:
Closure property in algebra asserts that 'when an operation(multiplication, addition) takes place among the members of a set, the result produced would surely be a member of that same set.' For example, if we add or multiply two real numbers(members of the same set), the result would be a real number for sure(a member of the same set). It implies that 'real numbers are closed under multiplication and addition.' While if I subtract two real numbers, I may or may not get a real number. Thus, the real numbers are closed under subtraction.
is price equal to marginal cost in a competitive market
In a competitive market, the price is equal to the marginal cost. This is because, in a perfectly competitive market, the market is characterized by many small buyers and sellers, homogeneous products, perfect information, free entry and exit, and so on. Due to the large number of buyers and sellers in the market, no single buyer or seller has the power to influence the market price by increasing or decreasing the price of the product.What is marginal cost?Marginal cost refers to the extra cost incurred in producing one extra unit of a product. It is calculated as the cost of producing one more unit of a good or service. The marginal cost formula is:MC = ∆TC / ∆QWhere:MC = Marginal Cost∆TC = Change in Total Cost∆Q = Change in Quantity produced and soldIn a perfectly competitive market, the market price is determined by the intersection of the supply and demand curves.
The marginal cost of production determines the supply curve. The supply curve is upward sloping, indicating that the higher the price, the higher the quantity of a product that suppliers are willing to supply at a given point in time. The point at which the demand curve intersects with the supply curve determines the equilibrium price. At the equilibrium price, the quantity of a product supplied equals the quantity demanded. Thus, in a perfectly competitive market, the price is equal to the marginal cost.
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Billie eilish?Or purge for halloween please help me decide?
Answer:
Explanation:
i feel like dressing as billie would be more comfortable you know what i mean just big hoodie/t-shirt and sweat pants