if a monopoly situation arises from a perfectly competitive market, the portion of producer surplus that increases in a monopoly is transferred from the perfectly competitive markets group of answer choices consumer surplus. deadweight loss. long-run positive economic profit. fixed cost.

Answers

Answer 1

The answer is consumer surplus. If a completely competitive market leads to a monopoly scenario, the percentage of producer surplus that rises in a monopoly consumer surplus.

Where the price is equal to the marginal cost of production, the industry is allocatively efficient. A share of the consumer surplus is taken by the single price monopolist by limiting output and raising price. A portion of both the consumer surplus and the producer surplus is lost because of the output restriction. a market with a monopoly will not produce as much wealth for a society as a market with competition. The results of a monopoly are as follows: less things are produced and consumed than they would in a market where prices are competitive. a cost that is greater than the equilibrium cost in a market with competitors.

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Related Questions

Write a three- to five-sentence paragraph that defines economics. Based on your definition, explain why it is difficult to consider economics an exact science. You may want to consider how economists approach economics to help you explain your answer.

Answers

Answer: See explanation

Explanation:

Economics is referred to as a social science that is concerned with how goods are produced, how they're distributed and how they're consumed. Economics is the social science that studies why human beings behave the way that they do.

It is difficult to consider Economics as a science because it lacks a hypotheses that's testable. Also, there is lack of consensus and the scientific method is not followed in Economics.

Bob Martino has a checking account with a local bank. Can Bob's firm assign him to
work on the firm's audit of the bank?
a. Yes, if the amount of money in Bob's account does not exceed federally
insured limits.
b. Yes, if the amount of money in Bob's account is not material to his net
worth.
c. No, if Bob will charge more than 10 hours to the bank's audit engagement.
d. No, if Bob is the lead engagement partner or manager on the account.

Answers

If Bob Martino has a checking account with a local bank. Can Bob's firm assign him to work on the firm's audit of the bank: a. Yes, if the amount of money in Bob's account does not exceed federally insured limits.

What is checking account?

Checking account can be defined as a type of account that enables the account holder to carryout different transaction such as deposit and withdrawal.

Bob's firm  can assign him to work on the firm's audit of the bank only in a situation where the amount of money that Bob's has in his account is not more than the  federally insured limits.

Therefore the correct option is A.

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a term indicating that a security is tradable and all of the requirements of the contract to sell the security have been met and the security is ready to be transferred is

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A term indicating that a security is tradable and all of the requirements of the contract to sell the security have been met and the security is ready to be transferred is known as delivery-ready securities.

Delivery-ready securities are securities that have been traded and settled, and are now ready for delivery to their owners. Securities can be in the form of cash or stock, depending on the contract's terms. Securities that are delivery-ready can be traded and transferred from the seller to the buyer immediately after the transaction is completed.

According to the definition of delivery-ready securities, it is a term indicating that a security is tradable and all of the requirements of the contract to sell the security have been met and the security is ready to be transferred.

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The annual master budget file includes the ________ from last year because it is needed for the schedule of expected cash collections.

Answers

The complete sentence is summarized below:

The annual master budget file includes the budget from last year because it is needed for the schedule of expected cash collections.

A sentence about annual master budget files

Annual master budget files are a collection of files with detailed lists of cash movements inside, from and to a business. This information is useful to predict and estimate expected cash movements and to construct expected budget in terms of costs and time for the next fiscal year.

For this reason, an annual master budget file must include the budget from last year. The complete sentence is summarized below:

The annual master budget file includes the budget from last year because it is needed for the schedule of expected cash collections.

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Alfred is grain farmer that usually stores his soybeans at a local elevator. What would he do just to use the options market to create synthetic storage after he sells his beans at harvest?

Answers

Answer: Buy a Call Option

Explanation:

A Call option gives the holder the right to buy an asset at a predetermined price and time in the future. If Alfred bought a call option on the soybeans, he could leave the soybeans with the writer of the call option until the time the option is exercised then he can claim it back.

That way Alfred would effectively have stored the soybeans with the writer because he was still going to get it back in future anyway.

The purpose of managerial accounting would include each of the following except:
AO Highlight inefficiencies in operations
BO Notify Management of potential issues
D• Prepare financial statements according to US GAP
C• Help with assessment of customer satisfaction

Answers

The purpose of managerial accounting includes highlighting inefficiencies in operations, notifying management of potential issues, and helping with the assessment of customer satisfaction. However, it does not involve preparing financial statements according to US GAAP (Generally Accepted Accounting Principles).

Managerial accounting focuses on providing relevant financial information to internal stakeholders within an organization to aid in decision-making and operational management. It helps identify inefficiencies in operations by analyzing cost structures, identifying areas of waste, and recommending strategies for improvement. This helps organizations streamline their processes, reduce costs, and improve overall efficiency. Managerial accounting also plays a crucial role in notifying management of potential issues. By tracking financial performance, budget variances, and key performance indicators, it provides early warning signs of problems and enables management to take corrective actions promptly.

Furthermore, managerial accounting can assist in assessing customer satisfaction. By analyzing sales data, customer feedback, and market trends, it provides insights into customer preferences, behavior, and satisfaction levels. This information helps organizations tailor their products and services to better meet customer needs and improve overall customer satisfaction. However, the preparation of financial statements according to US GAAP falls under the realm of financial accounting, which focuses on external reporting to stakeholders such as investors, creditors, and regulatory bodies. Managerial accounting primarily serves the internal needs of the organization and does not involve the preparation of formal financial statements for external reporting purposes.

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What can a boosted post help an advertiser achieve?

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A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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Which of these scenarios would lead to an industry requiring more productive workers?
A. Supply of goods increases, and demand for goods decreases
B. Supply of good decreases, and demand for goods increases
C. Supply of goods increases, and demand for goods remains the same
D. Supply of goods decreases,and demand for goods remains the same

Answers

Answer:

B-   Supply of goods decreases, and demand for goods increases.

Explanation:

I took the quiz

Answer:

Supply of goods decreases, and demand for goods increases.

which government department is responsible for collecting taxes in south Africa​

Answers

Answer:

SARS

Explanation:

it's because they ensure optimal compliance with tax and custom

Answer:

South African Revenue Services (sars)

explain the extended period of time it takes the market to self correct in order to close an output gap.

Answers

The extended period of time it takes for the market to self-correct and close an output gap is determined by the speed of economic adjustment. This adjustment process is affected by the elasticity of goods and services, the speed of money and capital flows, and the type and magnitude of economic shock.

Elasticity is how responsive prices are to changes in demand. The speed of money and capital flows affect the speed of adjustment, as when capital is easily transferable it is easier for the market to adjust. The type and magnitude of the economic shock also affects how quickly the market will adjust. Generally, it takes longer for the market to adjust to larger shocks.

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Leanna opens a savings account with an initial balance of $100. She then deposits $50 each month. Use an equation, a table, and a graph to explain the relationship between the amount of money in the account, a, and the number of months since Leanna opened the account, m.

Part A Write an equation to represent the problem. Explain how the value of a changes as m increases.

Part B Make a table to show the relationship between m and a. Find 5 ordered pairs.

Part C Use your table from Part B to draw a graph to represent the situation.​

Answers

Answer:

Leanna opens a savings account with an initial balance of $100. She then deposits $50 each month. Use an equation, a table, and a graph to explain the relationship between the amount of money in the account, a, and the number of months since Leanna opened the account, m.

Part A Write an equation to represent the problem. Explain how the value of a changes as m increases.

Part B Make a table to show the relationship between m and a. Find 5 ordered pairs.

Part C Use your table from Part B to draw a graph to represent the situation.

Causes of deflation (essay answer)

Answers

It is the opposite of inflation, which is when general price levels in a country are rising. In the short-term, deflation impacts consumers positively because it increases their purchasing power, allowing them to save more money as their income increases relative to their expenses.

b) Now that you've created an invoice, how did you arrive at your final total? (2
points)

Answers

Answer:

black guy in the learners permit to build

Answer each of the following questions.


1)If a 10% increase in price leads to a 40% decrease in quantity demanded, what is the value of price elasticity of demand? Show your work.

2)Which of the following will cause the demand for a good or service inelastic?

Having few substitutes

A longer time period

Being a luxury

Being a large share of the consumer's budget


3)If the price elasticity of demand is equal to 0.5, is demand elastic, inelastic, or unitary elastic?

4)Will a perfectly elastic supply curve be vertical, horizontal, or upward-sloping?

5)What price elasticity of supply will lead to a smaller increase in quantity when price changes— elastic, inelastic, or unitary elastic?

Answers

1. The value of price elasticity of demand if there's a 10% increase in price leads to a 40% decrease in quantity demanded is 4

2. The cause of the demand for a good or service inelastic is "Being a large share of the consumer's budget". option D

3. If the price elasticity of demand is equal to 0.5, is demand to be "inelastic".

4. The perfectly elastic supply curve is horizontal.

5. The price elasticity of supply which will lead to a smaller increase in quantity when price changes is inelastic.

How to calculate price elasticity of demand

Price elasticity of demand = % change in demand / % change in price

= 40% / 10%

= 0.4 / 0.1

= 4

Inelastic demand refers to a situation in which consumers demand for goods and services does have a proportional change with a change in price.

A perfectly elastic supply curve is the curve in which the supply curve is horizontal.

In conclusion, the price elasticity of demand is the best degree of responsiveness of demand to a change in price.

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question content area after net income is entered on the end-of-period spreadsheet, the balance sheet debit and credit columns must a.be the same amount as the total amount in the adjusted trial balance debit and credit columns b.equal each other c.not be equal to each other and need not be the same total amounts as any other pair of columns on the end-of-period spreadsheet d.be the same amount as the total amount of the income statement debit and credit columns

Answers

After net income is entered on end-of-period spreadsheet, balance sheet debit and credit columns must be same amount as total amount in adjusted trial balance debit and credit columns.

What is trial balance?

The general ledger accounts in a business's ledger are listed in a trial balance. There will be a debit balance or credit balance in each nominal ledger account. The trial balance will have a debit column for the credit value balance and a credit column for the debit balance values. A trial balance is used to demonstrate that the sum of all the debit value balances is equal to the sum of all the credit value balances. If the total of the debit column differs from the total of the credit column, there is a problem with the nominal ledger accounts.

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Who heads each of the branches of federal reserve banks and looks after their functioning?

Answers

Answer: The chair of the board, governors of the federal reserve system is the chief of the federal reserve which is the central banking system of the United States.

Answer:

Board of Governors

Explanation:

Accountability for Credit Quality resides with: a. Lenders and Credit Approval b. The Chief Credit Officer c. The Board of Directors d. Every employee involved in credit. Question 19 0.5 pts The practice of ethics in the bank is evidenced by: a. Honesty, integrity, clarity and a clear understanding of accountability for overseeing the client relationship and the risks of that relationship. b. Raising one's hand when issues become evident and in seeking assistance. c. Knowing your client and providing only those services that meet its financial needs. d. Speaking truthfully and in a timely manner. e. All of the above.

Answers

All of the above. Accountability for Credit Quality resides with multiple parties within a bank or financial institution. Lenders and Credit Approval teams play a crucial role in assessing and approving credit, ensuring that appropriate credit standards are followed.

The Chief Credit Officer oversees the overall credit quality and risk management function within the organization. The Board of Directors holds ultimate responsibility for setting credit policies and monitoring the credit quality of the institution. The practice of ethics in a bank encompasses various principles and behaviors. Honesty, integrity, clarity, and a clear understanding of accountability are essential components. This includes being transparent in overseeing client relationships and understanding the associated risks. Raising concerns and seeking assistance when issues arise is another ethical practice, promoting timely resolution. Knowing the client and providing suitable financial services aligns with ethical standards, ensuring the client's best interests are met. Speaking truthfully and in a timely manner contributes to maintaining trust and integrity in banking operations.

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2022 altima’s xtronic cvt includes adaptive ratio control, which ________.

Answers

Considering the automobile analysis, the 2022 Altima's X-Tronic CVT includes adaptive ratio control, which "varies transmission response depending on the driving situation."

The 2022 Altima's X-Tronic CVT

2022 Altima's X-Tronic CVT is one of the latest brand vehicles made by the Nissan manufacturer. The vehicle is finely designed to give users modern features and functions.

The 2022 Altima's X-Tronic CVT comes with adaptive ratio control, which "varies transmission response depending on the driving situation, "enhancing the ease of navigation system when driving through the road.

Hence, in this case, it is concluded that the correct answer is "varies transmission response depending on the driving situation."

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when output is 10, what is the total cost if total fixed cost is $50 and total variable cost is $75?

Answers

When output is 10, the total cost is $125, given that the total fixed cost is $50 and the total variable cost is $75.

When output is 10, the total cost can be calculated using the formula TC = TFC + TVC, where TC stands for total cost, TFC stands for total fixed cost, and TVC stands for total variable cost. In this case, the total fixed cost is $50, and the total variable cost is $75.


To calculate the total cost, we need to add the fixed cost and the variable cost. So, TC = $50 + $75 = $125. Therefore, when the output is 10, the total cost is $125.
It is important to note that fixed costs do not change with the level of output, while variable costs change with the level of output. Fixed costs include expenses such as rent, salaries, and insurance, while variable costs include expenses such as materials, labor, and utilities.
Understanding the relationship between fixed and variable costs is crucial for businesses to make informed decisions about pricing and production. By analyzing the costs associated with producing a certain level of output, businesses can determine their breakeven point, which is the point at which total revenue equals total cost.
In conclusion, when output is 10, the total cost is $125, given that the total fixed cost is $50 and the total variable cost is $75.

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What do you mean by ECONOMIC ​

Answers

Answer:

Economics is a social science concerned with the production, distribution, and consumption of goods and services.

How could managers use increased worker flexibility and diligence to increase the competitiveness of their manufacturing sites? what would you recommend?.

Answers

I recommend by adopting appropriate business management concepts that are appropriate for the size and scope of the firm, employees in an organisation can be more flexible.

This will also assist the manager in boosting market competition and avoiding the necessity for the organization’s optimum level of production.The business management principles outlined by economist Henry Fayol are an useful resource for learning how to run a company profitably and effectively with the resources at hand.Chain level management can be used to accomplish work specialisation and bring in more resources or labourers to distribute the workload evenly.To reduce expenses and ensure optimal resource use, departmentalizing management can also increase manufacturing.It is ideal for management to provide working conditions that allow employees greater benefits, such as greater mobility, with a layout that includes the right flow between people, products, and materials in order to increase the flexibility and diligence of workers in order to increase the competitiveness of their manufacturing sites.

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an employee record that contains information needed to compute earnings and complete tax reports is called a(n):

Answers

An employee record containing information needed to compute earnings and complete tax reports is called a(n) payroll register.

A payroll register is a detailed document that summarizes employees' wages, deductions, and net pay for a specific pay period. It includes essential information like employee names, identification numbers, hourly rates, hours worked, overtime, deductions, and taxes withheld.

Employers use the payroll register to ensure accurate calculation of earnings and deductions, and to prepare tax reports such as W-2 forms and federal, state, and local payroll tax filings.

This crucial record helps maintain payroll compliance and serves as an audit trail for any payroll discrepancies or adjustments.

Additionally, payroll registers assist in the management of employee benefits, contributions, and leave balances. Overall, the payroll register is a vital tool for businesses to maintain accurate and compliant payroll processes.

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explain which types of apartments would best suit to friends to plan to become roommates

Answers

Answer:

depends

Explanation:

it Depends upon what ur friends like try Planing it while sitting down with each other and talk it out

Addison Company experienced an accounting event that affected its financial statements as indicated below: Assets Stockholders' = Liabilities + Equity Revenue + Expense Net Income Stat + + +Which of the following accounting events could have caused these effects on Addison's financial statements? Multiple Choice O Collected cash from accounts receivableO Earned revenue on accountO Collected cash from accounts receivable O Earned revenue on account O Issued common stock O Earned cash revenue

Answers

The following accounting event that the Addison Company encountered had an impact on its financial statements: Assets Stockholders' = Revenue + Expense Net Income Statue + + +, The right response is earned income on account.

Explain Which accounting event appears on Addison's financial accounts as a result of earned revenue on account?

The following accounting event appears on Addison's financial statements as a result of earned revenue on account.

Accounting is a term used to refer to the measurement, processing, and verbal transmission of economic and non-economic data about financial institutions such as corporations and agencies. Accounting, also known as the "language of business," measures the results of an organization's financial activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators.

Professionals in accounting include accountants. The terms accounting and financial reporting are frequently used synonymously. Tax accounting, fee accounting, financial accounting, and control accounting are only a few examples of the several categories into which accounting can be split.

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Which of the following is a way the government encourages employees to save for retirement?

Contribution matching
Opt in or opt out
Lower interest
Tax incentives

Answers

Answer:

Tax incentives.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

The different types of tax include the following;

1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.

2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.

3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.

A tax incentive can be defined as benefits such as deductions, exclusions or exemptions given by the government to individuals or businesses so as to motivate them to save or spend money by reducing their tax rates i.e the amount of money to be paid as tax.

This ultimately implies that, tax incentives is a way the government encourages employees to save for retirement.

A Bank with the following capital levels: common equity of 47,000, Tier 1 of 38,000, Tier 2 of 17,000. If total assets are 850,000 and risk adjusted assets are 650,000, the capital classification of the bank is

Answers

The capital classification of the bank would be "Adequately Capitalized" as its Tier 1 capital ratio.

To determine the capital classification of the bank, we need to compare its capital levels to the risk-adjusted assets. The capital classification is typically based on regulatory requirements and ratios set by the relevant financial authorities.

One common capital adequacy ratio used for classification is the Tier 1 capital ratio.

The Tier 1 capital ratio is calculated by dividing Tier 1 capital (including common equity) by risk-adjusted assets. Let's calculate the Tier 1 capital ratio:

Tier 1 capital ratio = (Tier 1 capital / Risk-adjusted assets) * 100

In this case:

Tier 1 capital = 38,000

Risk-adjusted assets = 650,000

Tier 1 capital ratio = (38,000 / 650,000) * 100

= 5.846%

Now, let's determine the capital classification based on the Tier 1 capital ratio:

Well-Capitalized: Tier 1 capital ratio ≥ 6%

Since the calculated Tier 1 capital ratio is 5.846%, it does not meet the well-capitalized threshold.

Adequately Capitalized: Tier 1 capital ratio ≥ 4%

The calculated Tier 1 capital ratio is above the adequately capitalized threshold, which is 4%.

Undercapitalized: Tier 1 capital ratio < 4%

Since the calculated Tier 1 capital ratio is above 4%, the bank is not classified as undercapitalized.

Therefore, based on the given information, the capital classification of the bank would be "Adequately Capitalized" as its Tier 1 capital ratio exceeds the minimum regulatory requirement of 4%.

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Today's theories about motivation emphasize the importance of factors within the individual particularly the variables of expectancy and value Students' motivations are strongly influenced by what they think is important (value) and what they believe they can accomplish (expectancy). Who quote is this?

Answers

What students value and what they believe can accomplish have a significant impact on their motivation expectancy. This quote comes from the philosophy of motivation.

What motivational ideas does the expectancy-value theory put forth?

The relationship between a student's expectation for success at a task or the achievement of a goal in relation to the value of task completion or goal attainment is described by the expectancy-value theory, which is a theory of motivation. A student's expectation for success on a particular activity is referred to as expectancy. Theoretical models of motivation nowadays place a strong emphasis on internal factors, particularly the variables of expectation and value.

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Ian's house and land have a market price of $225,000 and an assessed value of 55% of that amount. His state has a property tax rate of 0. 88. How much does Ian pay in property tax every year? a. $19,800 b. $18,900 c. $10,890 d. $8,910

Answers

The amount that'll be paid as property tax yearly will be $10890.

Market price = $225000Property tax rate = 0.088Assessed value = 55%

The amount that'll be paid in property tax will be:

= $225000 × 55% × 0.088

= $10890

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Answer:

10890

Explanation:

On January 2, 20X5, Lem Corp. bought machinery under a contract that required a down payment of $10,000, plus twenty-four monthly payments of $5,000 each, for total cash payments of $130,000. The cash equivalent price of the machinery was $110,000. The machinery has an estimated useful life of ten years and estimated salvage value of $5,000. Lem uses straight-line depreciation. In its 20X5 income statement, what amount should Lem report as depreciation for this machinery

Answers

Answer:

$10,500 per year

Explanation:

The computation of depreciation under SLM is shown below:-

Depreciation under Straight line method = (cash equivalent price of the machinery - Estimated salvage value) ÷ Useful life

= ($110,000 - $5,000) ÷ 10  years

= $10,500 per year

Therefore for computing the depreciation under straight line method we simply applied the above formula.

General Dynamics (an aerospace and defense corporation with its headquarter located in Fairfax County) makes communication devices for military contracts . The company just completed two contracts (with the same type of device ). The navy contract was 4, 300 devices and took 20 workers two weeks to complete . The army contract was for 8,300 devices that were produced by 25 workers in three weeks . Assume 40 working hours per week per worker . On which contract were the workers more productive?

General Dynamics (an aerospace and defense corporation with its headquarter located in Fairfax County)

Answers

Answer:

The army contract

Explanation:

Productivity can be measured by output per hour. i.e.

dividing the total output by hours worked.

productivity = output/hours worked

The navy contract

output =4,300

the hours worked = 20 workers working for two weeks, each week has 40 hours

Each worker worked 40 x 2 hours = 80 hours

20 workers worked for

80 hrs x 20

= 1600 hours

Productivity = 4,300/1600

=2.6875

For the military contract

output = 8300

hours worked

=  25 workers in three weeks, each week 40 hours

each worker worked, 40 x 3 hours = 120 hours

Twenty-five workers:

=25 x  120 hours

= 3000 hours

Productivity = 8300/3000

=2.766

The productivity for the military contract (2.766) was higher than for the navy contrac t(2.6875).

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