1. Economic environment: The potential problem that a business may face in the economic environment is a recession, which can result in decreased demand for goods and services, reduced revenue, and lower profits.
2. Political environment: The potential problem that a business may face in the political environment is regulatory changes, which can increase compliance costs, limit operations, and affect profitability.
3. Technological environment: The potential problem that a business may face in the technological environment is the rapid pace of technological change, which can make products or services obsolete quickly, require significant investment to keep up, and pose a threat to market share.
4. Social environment: The potential problem that a business may face in the social environment is a shift in consumer behavior or preferences, which can lead to decreased demand for certain products or services, require significant market research to stay ahead of, and pose a threat to sales and revenue.
5. Legal environment: The potential problem that a business may face in the legal environment is litigation, which can be costly and time-consuming, and can negatively impact a company's reputation, as well as its financial stability.
6. Natural environment: The potential problem that a business may face in the natural environment is environmental regulations, which can increase compliance costs, limit operations, and affect profitability, particularly for industries that rely heavily on natural resources or have a significant environmental footprint.
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Do you think the NELK BOYS are clickbaiting sometimes?
Answer:
Ummm... yes
Explanation:
Answer: yes
Explanation: cuz they do it all the time
Examine the following sentence and citation: The Justice wrote that the exemption "can be invoked to stop the release of documents not originally created for law enforcement reasons." Jane Dee Agency v. Joannie Jay Corp. 393 U.S. 232, 246-247 (1987) (Stevens, J., dissentíng). Where in the opinion can the quoted section be found? Paragraphs 232-247 Paragraph 246 Section 393 Pages 246.247 Page 232
The quoted section in the given sentence and citation can be found in "Paragraph 246" of the opinion.Explanation:The given sentence and citation is:The Justice wrote that the exemption "can be invoked to stop the release of documents not originally created for law enforcement reasons."
Jane Dee Agency v. Joannie Jay Corp. 393 U.S. 232, 246-247 (1987) (Stevens, J., dissentíng).The excerpt in quotation marks indicates that the document in question can not be released because it was not produced for law enforcement purposes. It further indicates the relevance of an exemption which can be enforced in such cases.The citation is of the opinion given by Justice Stevens. It is a way to provide accurate information about a case. Citations enable people to locate the law being cited. It includes the case name, the volume number, the reporter number, and the year of decision. The citation includes the name of the Justice and the page numbers where the quotation was extracted from. This is helpful to readers who want to access the quoted text. Therefore, the quoted section in the given sentence and citation can be found in "Paragraph 246" of the opinion.
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When it comes to changing consumer behavior, marketers have a tough time
breaking the habits consumers tend to adopt .
True or False
31.4X R. James drew up the following statement of financial position on 31 December 2017. Statement of Financial Position of R. James as at 31 December 2017 $ Non-current assets Furniture and fittings Motor vehicles Current assets Inventory Accounts receivable Cash at bank Less Current liabilities Accounts payable Net current assets Capital 1 January 2017 ⁸0 7,870 When checking the books, the following errors and omissions were found. (i) A purchase of fittings, $140, had been included in the ******ebook converter DEMO Watermarks******* purchases account. (ii) Motor vehicles should have been depreciated by $280. (iii) A debt of $41 included in accounts receivable was Required: (a) show your calculation of the correct net profit (b) draw up a corrected statement of affairs as at 31 December 2017.
(a) the corrected net profit is: Capital 1 January 2017 + Net current assets - Non-current assets = $7,870 + ($0 - $140) - $7,590 = $140 b) Total capital $8,010
a) To calculate the correct net profit, we need to adjust for the errors and omissions found. Firstly, the purchase of fittings that was included in the purchases account should have been included in the furniture and fittings non-current asset account.
Therefore, we need to deduct $140 from the purchases account and add it to the furniture and fittings account. Secondly, the motor vehicles should have been depreciated by $280, which means we need to reduce the value of the motor vehicles account by $280. Finally, the debt of $41 that was included in accounts receivable was not paid, so we need to deduct it from the accounts receivable account.
So, the adjusted statement of financial position is:
Non-current assets:
Furniture and fittings $140
Motor vehicles $7,590 (original value of $7,870 - $280 depreciation)
Current assets:
Inventory
Accounts receivable $0 (original value of $41 - $41 debt)
Cash at bank
Less Current liabilities:
Accounts payable
Net current assets:
Capital 1 January 2017
Therefore, the corrected net profit is:
Capital 1 January 2017 + Net current assets - Non-current assets = $7,870 + ($0 - $140) - $7,590 = $140
(b) The corrected statement of affairs as at 31 December 2017 is:
Non-current assets:
Furniture and fittings $140
Motor vehicles $7,590
Current assets:
Inventory
Accounts receivable $0
Cash at bank
Less Current liabilities:
Accounts payable
Net current assets: $0
Capital 1 January 2017 $7,870
Add: Corrected net profit $140
Total capital $8,010
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an offer that can only be accepted by an offere's performance creates a(n) __________________________ contract
Answer: unilateral contract
Explanation:
An unilateral contract is a contact that is formed when an individual offers to do a particular thing in return for either money or something else that was agreed on.
Once such individual does that thing, he or she has to be given what was agreed on in the contract. A typical example is the contact regarding an insurance policy.
Therefore, an offer that can only be accepted by an offere's performance will create a unilateral contact.
to generate additional income in a stable market without adding additional downside risk, a customer who is long stock could:
brief call, The owner of the underlying stock is a covered call writer. During times when the market is anticipated to be stable, the customer sells the call contract to gain more cash from the stock. When one is shorting a stock, borrowed shares have been sold with the understanding that the buyer will repurchase the position at a later time.
Which option position is utilized to protect a position in long stocks?For instance, you may build a collar on that stock or purchase a put option to hedging a long stock position. Fixed-income investment is often a conservative strategy where profits are derived from predictable interest-paying low-risk instruments. The interest coupon payments are often smaller because the risk is lower. The extra money made from selling one more unit of a good is known as marginal revenue. Usually, it is equivalent to price. Firms identify the output level at which marginal revenue is equal to marginal cost in order to find the best level of output.
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Which brand is generally recognized as the first hotel chain?
A) Hilton
B) Hyatt
C) Hampton
D) Holiday Inn
The first hotel chain is generally recognized as being A) Hilton. Hilton is widely considered to be the first hotel chain in the world.
The company was founded by Conrad Hilton in 1919 with the purchase of his first hotel, the Mobley Hotel in Cisco, Texas. Hilton quickly expanded his business by acquiring more hotels and eventually opening his first international location in Puerto Rico in 1949. Over the years, Hilton has become one of the largest and most well-known hotel chains in the world, with over 6,400 properties in 119 countries as of 2021. The company operates a range of brands, including Hilton, Waldorf Astoria, Conrad, DoubleTree, Hampton Inn, and more. Hilton is credited with creating the modern hotel chain model, which involves branding and standardizing the guest experience across multiple locations. This approach has been widely emulated by other hotel chains in the decades since Hilton's founding.
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How does investment in human capital impact a company's productivity?
The more workers a company has, the more it produces.
The more highly educated the workforce, the greater the production.
The more the workforce requires extensive training, the less production in the
long run.
The larger the workforce, the larger the management structure and the lower the
production.
Answer: Human capital is perceived to increase productivity and thus profitability. The more investment a company makes in its employees, the chances of its productivity and success become higher.
telework increases ad hoc work requests and disruptions from fellow workers (True or False)
The statement "telework increases ad hoc work requests and disruptions from fellow workers" is subjective and can vary depending on the specific work environment and individuals involved. can be either true or false.
It is not universally true or false for all telework situations. However, there are certain factors that could potentially lead to an increase in ad hoc work requests and disruptions in a telework scenario: 1. Increased Connectivity: With remote work, employees may have easier access to each other through various communication channels like email, messaging apps, or video conferencing. This increased connectivity can result in more frequent ad hoc work requests or interruptions.
2. Lack of Physical Boundaries: When working remotely, the physical separation between colleagues is eliminated. This may make it easier for coworkers to reach out for immediate assistance or for informal conversations, potentially leading to more ad hoc work requests.
3. Dependency on Digital Communication: In a telework setup, communication primarily occurs through digital channels. Misinterpretations or misunderstandings in written messages can lead to more back-and-forth exchanges and potentially more interruptions.
However, it is also worth noting that telework can provide employees with more control over their work environment and schedule, allowing them to better manage distractions and interruptions. It can also foster increased independence and autonomy, reducing the need for constant ad hoc work requests.
Ultimately, the impact of telework on ad hoc work requests and disruptions from fellow workers will depend on the specific dynamics, communication practices, and work culture within the organization. It is important for individuals and teams to establish clear communication protocols and expectations to minimize any potential negative effects on productivity and work-life balance.
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Unemployment that is caused by business recessions is called.
Answer:
Cyclical unemployment
Explanation:
Scenario: cesar has started his first job with a monthly net income of $2,740. he currently has an education loan for $230 per month. cesar wants to purchase a reliable vehicle to get to and from work. his dream vehicle is a new truck. after talking to the automobile dealership and conducting extensive research, he has selected one that costs $25,000 after his $3,000 down payment. he has shopped around for a loan and has these three options.
Cesar, with a monthly net income of $2,740, wants to purchase a new truck costing $25,000 after a $3,000 down payment. He has three loan options available and needs to make a decision.
Cesar's monthly net income is $2,740, and he has an existing education loan of $230 per month. After deducting his monthly loan payment, he has $2,510 left to cover his expenses and the new truck payment. Considering the truck's cost of $25,000 after a $3,000 down payment, Cesar will need to finance $22,000.
To evaluate his loan options, Cesar should consider factors such as interest rates, repayment terms, and any additional fees associated with each loan. He should compare the monthly payment amounts for each loan and calculate the total cost of the loan over its term. Additionally, he should assess his budget to ensure that the monthly payment for the chosen loan is affordable within his income and expense framework.
Cesar's decision should be based on selecting a loan with favorable terms, a manageable monthly payment, and a total cost that aligns with his financial goals. It's important for Cesar to carefully analyze and compare the loan options before making a final decision to ensure he can comfortably afford the new truck and maintain his overall financial stability.
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I don’t understand this and need help
In 2019, McKenzie purchased qualifying equipment for his business that cost $212,000. The taxable income of the business for the year is $5,600 before consideration of any Section 179 deduction.
a. Calculate McKenzie’s Section 179 expense deduction for 2019 and any carryover to 2020.
b. How would your answer change if McKenzie decided to use additional first-year (bonus) depreciation on the equipment instead of using Section 179 expensing?
Answer:
A) The cost reduction for 2019 is $5,600. His accumulation to 2020 from Sec 179 is $206,400.
B) The allowance for spending is $0 for 2019. His accumulation to 2020 with Sec 179 is $0.0.
Explanation:
1) As per sections 179, a total of $212,000 is available for deduction, but the payment is related to taxable investment income as a restriction. Company revenue here is $5,600. Exemption is then decreased to $5,600 and holdover to nest year without $206,400 is the residual expense.
2) When we seek extra first-year expense, regardless of taxable business profits, we will claim the entire equipment costs as a deductible. So, Section 179 is going to be Zero and there's no reason to roll on to next term because in the first last year we were claiming maximum costs.
Which of the following would NOT be considered a hazardous
work for a minor?
O Truck driving
O Excavating
O Life guarding
Handling explosives
Answer:
I would have to choose Life guarding.
what does the fox say
Answer:nenenesnene
Explanation:
Answer:
"Ring-ding-ding-ding-dingeringeding!
Gering-ding-ding-ding-dingeringeding!
Gering-ding-ding-ding-dingeringeding!"
"Wa-pa-pa-pa-pa-pa-pow!
Wa-pa-pa-pa-pa-pa-pow!
Wa-pa-pa-pa-pa-pa-pow!"
What do quotas and embargoes have in common?
They both tend to raise prices.
They both affect imports from certain countries.
They both set limits on imported goods.
They both frequently result in domestic shortages.
Answer:
They both set limits on imported goods
Explanation:
An embargo is an order placed by a government restricting or prohibiting trade with another country. An embargo may be issued on specific goods only or wholesome trade with the country or region.
A quota is also an order issued by a government that limits the volume of goods or services that can be imported. The quota may limit the volume in quantity or in monetary value. Importing beyond the limit becomes illegal.
Both embargo and quota place restrictions on imports to a country.
Answer: C or They both set limits on imported goods.
Explanation: Edge2023
what is true about a hotel's commitment to green practices?
A hotel's commitment to green practices includes adopting energy-efficient lighting systems, implementing water conservation measures such as low-flow showerheads and toilets, and implementing waste reduction programs. They may also engage in initiatives like sourcing local and organic food and promoting public transportation. These practices benefit the environment, save costs, and enhance the hotel's reputation as a socially responsible business.
Hotels around the world are increasingly adopting green practices to minimize their environmental impact and demonstrate their commitment to sustainability. These practices encompass various aspects of hotel operations, including energy conservation, water conservation, waste reduction, and the use of sustainable materials.
One common green practice is the implementation of energy-efficient lighting systems. By using LED lights or other energy-saving technologies, hotels can significantly reduce their energy consumption and lower their carbon footprint.
Water conservation is another important aspect of a hotel's commitment to green practices. Many hotels install low-flow showerheads and toilets to minimize water usage without compromising guest comfort. These measures help conserve water resources and reduce water bills.
Waste reduction is also a key focus for hotels. They implement recycling programs to separate and recycle waste materials such as paper, plastic, and glass. Some hotels even compost organic waste to further minimize their environmental impact.
In addition to these operational practices, hotels may also engage in initiatives that promote sustainability beyond their premises. For example, they may source local and organic food for their restaurants, reducing the carbon footprint associated with food transportation and supporting local farmers. Hotels may also encourage guests to use public transportation or provide shuttle services to reduce the number of individual cars on the road.
By adopting green practices, hotels not only contribute to environmental conservation but also benefit financially. Energy and water conservation measures lead to cost savings in the long run, while the hotel's commitment to sustainability can attract environmentally conscious guests and enhance its reputation as a socially responsible business.
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On Monday mornings, George takes time to walk around the office and ask everyone about their weekends. How would
be prioritized using the Eisenhower Matrix?
Ο Α.
not urgent, not important
urgent, not important
urgent and important
D. important, not urgent
B.
George's task of walking around the office and asking everyone about their weekends, it would be categorized as (D) "important, not urgent".
The Eisenhower Matrix is a tool for prioritizing tasks based on their level of urgency and importance. In the case of George's task of walking around the office and asking everyone about their weekends, it would be categorized as "important, not urgent". This is because building relationships and fostering a positive work environment is important for the team's morale and productivity, but it is not an urgent task that needs to be done immediately. By categorizing the task as important, George recognizes its value and can allocate time and resources accordingly. This approach allows him to balance his workload, avoid procrastination, and focus on tasks that will have the greatest impact on his team's success.
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The complete question is :
On Monday mornings, George takes time to walk around the office and ask everyone about their weekends. How would be prioritized using the Eisenhower Matrix?
Α. not urgent, not important
B. urgent, not important
C. urgent and important
D. important, not urgent
QUESTION 3 / 10 What is the first step you should take when you want to open a savings account? A. Review the different savings account options that your bank offers. B. Make your initial deposit. C. Go to the bank and fill out an application. D. Present your photo ID to the bank representative.
Answer:
A. Review the different savings account options that your bank offers.
True or false: Salaries paid to selling and administrative employees are accounted for differently than wages paid to production workers.
True, Salaries paid to selling and administrative employees are accounted for differently than wages paid to production workers.
This is because selling and administrative expenses are considered as indirect costs and are not directly related to the production of goods. These expenses are recorded in the income statement as period expenses and are deducted from the company's revenue to arrive at net income.
On the other hand, wages paid to production workers are considered as direct costs because they are directly related to the production of goods.
These costs are included in the cost of goods sold and are deducted from the company's revenue to arrive at gross profit. It is important for companies to properly classify their expenses in order to accurately track their costs and profitability.
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ou work for a company that manufactures food products. A new "wonder food" contains only carbon, oxygen, and hydrogen. At this point, your research can say with certainty that the food ______.
Answer: B)does not include proteins or nucleic acids.
Explanation:
Carbon, oxygen, and hydrogen are very important elements in the production of various compounds that result in food for the human race and perhaps the most popular of those is carbohydrates.
They are also important in the formation of Proteins and nucleic acids. In these two however, the aforementioned elements need another element to form them. That element would be Nitrogen. As this new wonder food is lacking in nitrogen it can be confidently said that it does not include any proteins or nucleic acids.
Wilson Co. is considering two mutually exclusive projects. Both require an initial investment of $10,000 at t = 0. Project X has an expected life of 2 years with after-tax cash inflows of $6,000 and $8,500 at the end of Years 1 and 2, respectively. In addition, Project X can be repeated at the end of Year 2 with no changes in its cash flows. Project Y has an expected life of 4 years with after-tax cash inflows of $4,600 at the end of each of the next 4 years. Each project has a WACC of 11%. What is the equivalent annual annuity of the most profitable project?
correct answer is- The equivalent annual annuity approach is one of two strategies used in capital budgeting to compare jointly extraordinary projects with unequal lives.
The EAA method calculates the consistent annual cash waft generated via a venture over its lifespan if it was an annuity.
Is an annuity better than a pension?In general, an annuity will give you the most control over your money. If you take a lump-sum pension payment, you have the ability to use the cash then again you choose.
What is the downside of an annuity?The fundamental drawbacks are the long-term contract, loss of control over your investment, low or no activity earned, and high fees. There are additionally fewer liquidity choices with annuities, and you have to wait until age 59.5 to withdraw any cash from the annuity besides penalty.
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https://brainly.com/question/17162538#SPJ4On January 1, 2021, Ithaca Corp. Purchases Cortland Inc. Bonds that have a face value of $330,000. The Cortland bonds have a stated interest rate of 5%. Interest is paid semiannually on June 30 and December 31, and the bonds mature in 10 years. For bonds of similar risk and maturity, the market yield on particular dates is as follows:
January 1, 2021 11. 0%
June 30, 2021 12. 0%
December 31, 2021 14. 0%
Required:
a. Calculate the price Ithaca would have paid for the Cortland bonds on January 1, 2021 (ignoring brokerage fees), and prepare a journal entry to record the purchase.
b. Prepare all appropriate journal entries related to the bond investment during 2021, assuming Ithaca accounts for the bonds as a held-to-maturity investment. Ithaca calculates interest revenue at the effective interest rate as of the date it purchased the bonds.
c. Prepare all appropriate journal entries related to the bond investment during 2021, assuming that Ithaca chose the fair value option when the bonds were purchased, and that Ithaca determines fair value of the bonds semiannually. Ithaca calculates interest revenue at the effective interest rate as of the date it purchased the bonds
Ithaca Corp. purchased Cortland Inc. bonds with a face value of $330,000 on January 1, 2021. The bonds have a stated interest rate of 5%, payable semiannually. The market yield for similar bonds on various dates in 2021 was 11%, 12%, and 14%. This response will calculate the price paid for the bonds on January 1, 2021, and provide journal entries for both the held-to-maturity and fair value options for the bond investment in 2021.
a. To calculate the price paid for the Cortland bonds on January 1, 2021, we need to determine the present value of the future cash flows. Since the bonds have a face value of $330,000 and a stated interest rate of 5% payable semiannually, we can calculate the bond price using the present value formula. The market yield on January 1, 2021, is 11%. By discounting the future cash flows, the price paid for the bonds would be lower than the face value, and the specific amount can be calculated using the formula. Once the price is determined, a journal entry is made to record the purchase, debiting the "Bonds payable" account and crediting the "Cash" account.
b. If Ithaca accounts for the bonds as a held-to-maturity investment, it would recognize interest revenue at the effective interest rate as of the purchase date. The effective interest rate is calculated based on the present value of the expected cash flows. Journal entries would be made to record the interest revenue on June 30 and December 31, debiting the "Cash" account and crediting the "Interest revenue" account.
c. If Ithaca chose the fair value option, it would need to determine the fair value of the bonds semiannually. This fair value can be influenced by changes in market yields. The journal entries would involve adjusting the fair value of the bonds and recognizing any changes in fair value as unrealized gains or losses in the "Fair value adjustment" account. Interest revenue would still be calculated based on the effective interest rate as of the purchase date and recorded through appropriate journal entries on June 30 and December 31.
Note: The calculations and specific journal entries can be provided if required, as they depend on the specific values and dates mentioned in the problem.
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Several applicants interacting in the presence of one or more interviewers is typical of what type of interview?
Several applicants interacting in the presence of one or more interviewers is typical of a group interview.
In a group interview, multiple candidates are interviewed simultaneously, allowing the interviewers to observe and assess the interactions, dynamics, and individual performances of the applicants. Group interviews are often used in situations where multiple candidates need to be evaluated efficiently, such as for assessing teamwork skills, leadership potential, or the ability to communicate and collaborate effectively. This type of interview format can provide insights into how candidates interact and compete in a group setting, offering a different perspective compared to individual interviews.
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How do you make decisions?
Answer:
Explanation: Making decisions can be challenging, but there are some steps you can take to make the process easier and more effective:
Identify the decision to be made: Start by clearly defining the problem or situation you're facing.
Gather information: Collect all the relevant information you need to make a decision. This can involve researching, seeking advice from others, or gathering data.
School Weste
LAUNCH
Rowan is the social media strategist for the housewares unit of a large department store chain.
She has been assigned the project of rolling out a new line of bed linens. She has identified her
target audience, and has developed a persona to match. She knows which social media
platforms her target audience uses primarily. She also has a clearly defined goal to sell at least
10,000 sets of linen within six months. What stage is Rowan's social media campaign in?
Development
Implementation
Analysis
Planning
X
The optimization phase is the closing and probably most vital section of your social media campaign. In this section you are focusing on the metrics of your social media efforts to date and working to improve areas for increased return on investment.
What is social media advertising campaign?A social media marketing campaign is a business's coordinated advertising effort to fortify facts (about a brand, product, or service) the usage of at least one social media platform. These campaigns are strategically focused, have measurable outcomes, and impact social media followers to sense or act in a positive way.
Before you get revved up about pushing your company or company on social media, it is quintessential to recognize that true social campaigns start with a clear intention or vision.
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https://brainly.com/question/30209001#SPJ1When schools and businesses allocate admissions or jobs on the basis of race, gender, disability, or other criteria unrelated to ability, they are aiming at Group of answer choices
When schools and businesses allocate admissions or jobs on the basis of race, gender, disability, or other criteria unrelated to ability, they are aiming at Affirmative Action. Group of answer choices Affirmative Action is a policy by which schools and businesses allocate admissions.
Jobs on the basis of race, gender, disability, or other criteria unrelated to ability to counteract past discrimination and increase diversity in the workplace and schools. It is intended to create a level playing field for people of different races, genders, and abilities by providing them with equal opportunities and removing obstacles that prevent them from succeeding.
It also ensures that qualified candidates from underrepresented groups are given a fair chance to compete for positions and educational opportunities. When schools and businesses allocate admissions or jobs on the basis of race, gender, disability, or other criteria unrelated to ability, they are aiming at Affirmative Action. Group of answer choices Affirmative Action is a policy by which schools and businesses allocate admissions.
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Five hair stylists at a salon perform 12 haircuts in two hours. One of the stylists,
Francesca, is leaving the salon after 10 years. Francesca usually performs 2
haircuts per hour. Which of the answer choices is correct?
The salon's average product of labor will decrease when Francesca leaves the salon in the given circumstances.
How is the average product of labor determined?The average product of labor (APL) gauges the typical output of each employee. The total product is simply divided by the workforce. The total output of labor divided by the quantity of workers employed, or Q/L, yields the average product of labor (APL). A popular metric for assessing labor productivity is the average product of labor.
The form of the AP curve on the left suggests that as more workers are hired, AP initially increases to a maximum before decreasing. The average output (or products) that each input produces is referred to as an "average product", factors of production like labor and land.
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Suppose the demand curve for burritos is P= 30-Qd and consumers have to pay $15 per burrito. The consumer surplus is equal to 112.5 225 75 ООО 25
The consumer surplus is equal to 112.5. To calculate the consumer surplus, we need to first find the equilibrium quantity where the demand curve intersects with the price of $15 per burrito. We can set P=15 and solve for Qd:
15 = 30 - Qd
Qd = 15
So the equilibrium quantity is 15 burritos. To find the consumer surplus, we need to calculate the area between the demand curve and the price line, up to the equilibrium quantity. This is a triangular area, so we can use the formula for the area of a triangle:
Consumer surplus = 0.5 * (Pmax - Pmin) * Qd
where Pmax is the highest price the consumer is willing to pay (in this case, 30) and Pmin is the actual price paid (15).
Consumer surplus = 0.5 * (30 - 15) * 15
Consumer surplus = 112.5
Therefore, the consumer surplus is equal to 112.5.
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Why do internal economies of scale lead to imperfectly competitive​ industries? A. Patent laws prevent firms from entering the market. B. Large firms have cost advantages over small firms. C. This is an observation based on measurable data. D. There are barriers to entry due to large fixed costs.
Internal economies of scale lead to imperfectly competitive industries because large firms have cost advantages over small firms, so the correct answer is B.
Economy of scale is the economic advantage that is realized by operating on a larger scale. In general, the average cost per unit of output decreases with increasing scale because fixed costs are spread over more units of output. Operational efficiency is also often greater with increasing scale, which in turn leads to lower variable costs.
When an industry is characterized by economies of scale, it can lead to a monopoly or oligopoly. Only large companies can then produce economically, which means that the barriers to entry for new market players are high.
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