Comparative advantage encourages specialization based on lower opportunity costs rather than absolute advantage, which affects GDP and terms of trade.
Absolute advantage is a situation in which a country can produce a good or service using fewer resources than another country. Comparative advantage, on the other hand, refers to a situation in which a country has a lower opportunity cost of producing a good or service than another country. Opportunity cost refers to the cost of producing one good in terms of the amount of production that must be foregone for another good. The concept of absolute advantage was proposed by Adam Smith while David Ricardo developed the concept of comparative advantage. Absolute advantage is measured in physical units, while comparative advantage is measured in terms of opportunity cost. The impact of these concepts on the GDP and terms of trade of a nation is that if a country has an absolute advantage in producing a good, it may not necessarily have a comparative advantage in that good. As a result, it may be more beneficial for that country to specialize in producing goods in which it has a comparative advantage, rather than goods in which it has an absolute advantage.
This will increase the efficiency of production and lead to an increase in the country's GDP. In terms of trade, a country that specializes in producing goods in which it has a comparative advantage will be able to trade those goods for other goods produced by countries that have a comparative advantage in producing those goods. This will lead to an increase in the country's terms of trade.
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Which of the following are categories according to the Big Five Factors model?
Answer:
The Five Factor Model breaks personality down into five components: Agreeableness, Conscientiousness, Extraversion, Openness, and Stress Tolerance.
Explanation:
In business writing, the main idea of a written work should be located
a. At the end of the first paragraph
b. In the body of the document
At the beginning of the first paragraph
d. In the salutation of the document
C.
Please select the best answer from the choices provided
Ο Α
B
С
OD
Answer:
c
Explanation:
cccccccccccccccccccccccccc
Answer:
well i blive its c
Explanation:
Your building plan for your restaurant includes 4 bathrooms - 2 women’s and 2 men’s. The city inspector informs you , that you must have at least 400 square feet per bathroom. If your building is a total of 8,000 square feet, how many square feet are left for the development of other , non bathroom areas?
A) 4,000 square feet
B) 4,800 square feet
C) 6,400 square feet
D) 8,000 square feet
Answer:
C) 6,400 square feet
Explanation:
Each bathroom requires at least 400 square feet. There are four bathrooms.
In total, the four bathrooms will need 400 square feet multiplied by four.
= 400 square feet x 4
=1600 square feet
The space left for other developments
=total space - bathroom space
=8000 square feet - 1600 square feet
=6400 square feet
Stephanie Company sells three different types of home heating stoves (gas, wood, and pellet).
The cost and market value of its inventory of stoves are as follows. Cost Market Gas $ 85,000 $ 80,000 Wood 260,000 290,000 Pellet 118,000 100,000 Determine the value of the company’s inventory under the lower-of-cost-or-market approach.
1 Which one of the following is not Which one of the key roles / purposes of marketing within
business?
A To identify potential customer groups
B To inform customers about the business's product or service
C To prepare cash flow forecasts
D To understand customers and their needs
Your answer
i
One cost of starting your own business is
A. Loan payments on a small business loan
B. Escrow
C. Revenue
D. PMI
Answer:
A. Loan payments on a small business loan
Explanation:
One cost of starting your own business is loan payments on a small business loan.
PLEASE HELPPPPP due by tomorrow pleaseeee
write a one-page report that details the individual’s job position, education, and career training, current job responsibilities, and what the person enjoys the most about the job position.
The job description contains sufficient information to describe major responsibilities and essential functions as they exist today. They provide the information necessary to classify the position, not the person; thus they are “incumbent neutral” and not based on any specific quality of an incumbent (such as knowledge, skills, abilities, performance, dedication, loyalty, years of service, or degree). The document should not include every detail of how and what work is performed so that it remains useful even when minor changes occur. Job descriptions can be written as a joint effort between supervisor and employee, but the supervisor must approve.
a developer is trying to programmatically retrieve information from an ec2 instance such as public keys, ip address, and instance id. from where can this information be retrieved?
AWS CLI, AWS SDKs, and metadata are all available for retrieving information about an EC2 instance programmatically.
AWS CLI: You can use the AWS Command Line Interface (CLI) to retrieve information about an EC2 instance. The CLI provides a set of commands that allow you to interact with AWS services from the command line, including the ability to retrieve information about EC2 instances. For example, you can use the "describe-instances" command to retrieve information about one or more instances, including the public keys, IP address, and instance ID.
AWS SDKs: You can use one of the AWS Software Development Kits (SDKs) to retrieve information about EC2 instances. The SDKs provide a set of libraries and APIs that allow you to programmatically interact with AWS services using a variety of programming languages, including Java, Python, and Ruby. For example, you can use the AWS SDK for Python (Boto3) to retrieve information about an EC2 instance, including the public keys, IP address, and instance ID.
Instance metadata: You can use the EC2 instance metadata service to retrieve information about an EC2 instance from within the instance itself. The metadata service provides a set of URLs that allow you to retrieve information about the instance, including the instance ID, public keys, and IP address.
Note that to retrieve information about an EC2 instance programmatically, you will need to have appropriate IAM credentials with the necessary permissions to access the EC2 service.
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which type of evaluation determines whether or not a program met the stated long-term goals and objectives?
The type of Evaluation which determines whether or not a program met the stated long-term goals and objectives is the impact or outcome evaluation.
Evaluations help determine what works well and what could be bettered in a program or action. Evaluation is the methodical assessment of the design, perpetration, or results of action for literacy or decision- timber.
Outgrowth/ effectiveness evaluation measures the program's goods on the target population by assessing the progress in the issues or outgrowth objects that the program is to achieve. Impact evaluation assesses program effectiveness in achieving its ultimate pretensions.
Evaluation provides a methodical system to study a program, practice, intervention, or action to understand how well it achieves its pretensions. Determining the results achieved through training and whether the asked goods were attained are elements of outgrowth evaluation.
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Letitia is in high school. she wants to go to medical school in kentucky and then become a pediatric surgeon to help children. which best describes her goals? going to medical school is her short-term career goal, and becoming a pediatric surgeon is her long-term financial goal. going to medical school is her short-term educational goal, and becoming a pediatric surgeon is her intermediate career goal. going to medical school is her intermediate educational goal, and becoming a pediatric surgeon is her long-term career goal. going to medical school is her long-term career goal, and becoming a pediatric surgeon is her short-term financial goal.
Goals are the future commitment to achieve to get the desired result. Her intermediate academic goal is to go to medical school.
What are intermediate and long-term goals?Intermediate are goals that can be achieved in course of one to five years of duration and require a bit of saving. This type of goal includes educational accomplishments.
Long-term goals are goals that take many years to accomplish and require much savings. It may include learning something new, starting a business, specializing in an educational field, etc.
Therefore, option C. attending medical school is intermediate, and becoming a pediatric surgeon is a long-term goal.
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Answer:
c
Explanation:
did it on edg:)
Dr. Peabody recorded $6,820 in services provided to clients who make monthly payments. Which of the following statements is correct?
A. The dental revenues account is debited $6,820; accounts receivable is credited $6,820.
B. Accounts receivable is credited $6,820; the dental revenues account is credited $6,820.
C. Accounts receivable is debited $6,820; the dental revenues account is debited $6,820.
D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.
Answer:
D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.
Explanation:
The two accounts that are affected here are accounts receivables ( Assets) and the revenue account ( affects capital). The accounts receivable will increase as payment is expected at the end month. Since receivable are assets, an increase in receives is recorded as a debit of the account receivable account. $ 6,820 will be debited on the accounts receivables.
The services rendered increases the revenue to Dr. Peabody. Revenue is considered a capital account because it increases the owner's equity. An increase in a capital account is credited. Dr. Peabody will credit the dental revenue account with $6,820.
How to Get rid of my Modules without getting caught by my Mom
Answer:
for me going away from home or background of home
2. List 5 examples of how employers had to pivot and respond to
COVID-19. Each example should be accompanied with a description of
what they did
As COVID-19 continues to spread across the world, employers have had to adapt and change the way they work to ensure the safety and well-being of their employees.
The pandemic has brought about a number of challenges for businesses, from remote work and layoffs to supply chain disruptions and changes in customer behavior. Here are five examples of how employers had to pivot and respond to COVID-19:1.
Remote work: With offices and workplaces closed due to lockdowns and social distancing measures, many employers had to transition to remote work. Companies had to quickly provide their employees with the necessary tools and equipment, such as laptops, VPNs, and communication platforms, to enable them to work from home. In addition, employers had to adapt their management practices to ensure that employees were staying productive, motivated, and engaged while working remotely.
2. Increased safety measures: Employers had to implement new safety measures to protect their employees from COVID-19. This included providing personal protective equipment (PPE), such as masks and gloves, installing hand sanitizing stations, and enforcing social distancing guidelines. Employers also had to adapt their cleaning protocols to ensure that workspaces were regularly disinfected.
3. Changes to operations: Many employers had to pivot and change the way they operate to keep their businesses running during the pandemic. This included offering online services, changing business hours, and adapting to new delivery and pickup options.
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if congress is worried about inflation, they might group of answer choices increase government spending and taxes decrease government spending and taxes increase government spending and decrease taxes decrease government spending and increase taxes
The correct option is D, If Congress is worried about inflation, they might decrease government spending and increase taxes.
Inflation occurs when the general price level of goods and services in an economy rises over time, which can erode the purchasing power of consumers and create uncertainty in the marketplace. When inflation is a concern, policymakers may take steps to reduce the amount of money flowing into the economy to try to slow down price increases.
One way to do this is to decrease government spending. This reduces the amount of money the government is injecting into the economy, which can help to moderate price increases. Additionally, Congress may choose to increase taxes, which can reduce the amount of disposable income available to consumers and businesses, further decreasing demand for goods and services and helping to control inflation.
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Complete Question: -
If congress is worried about inflation, they might
a. increase government spending and taxes
b. decrease government spending and taxes
c. increase government spending and decrease taxes
d. decrease government spending and increase taxes
who has to file a tax return highlight more than one correct answer
If they earn more than a particular amount for the year, the majority of American citizens and permanent residents who work in the country must file a tax return.
What are tax returns?Tax returns are statements submitted to the Internal Revenue Service (IRS) or the state or local tax collecting agency in the United States that include data necessary to compute income tax or other taxes. Typically, tax returns are completed using forms that have been mandated by the IRS or another relevant taxing authority. Tax returns, in the more specific sense, are reports of tax obligations and payments that frequently include financial data used to calculate the tax. IRS Form 1040 is a widely used federal tax form. The information in a tax return allows the taxing authority to verify the taxpayer's computations or to compute the amount of tax due in cases when the taxpayer is not required to do so.
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Imagine you know someone starting off in his or her first career. Based on what you learned in the module, what financial advice would you give this person and what challenges might he or she face?
Answer:
The most important and basic financial advice we can give to a person starting his career is to only spend as much as the person earns.
Explanation:
Because starting salaries tend to be lower than average, it is not very likely that this person will be able to save, but keeping a balanced personal budget will be very helpful anyway.
A second advice is to avoid debt on consumer goods, and only use debt for long-term investments like a house or a graduate degree. Credit card debt should be specially avoided because of the very high interest rates.
Finally, a third advice is that once this person earns enough to save, to look for safe financial instruments to put his or her money, like a mutual fund or a money market fund.
Companies that use a process-cost accounting system would establish a separate Work-in-Process Inventory account for each manufacturing department. Group of answer choices True False
True, Companies that use a process-cost accounting system would establish a separate Work-in-Process Inventory account for each manufacturing department.
This is because in process-cost accounting, costs are accumulated by department rather than by job or product. Each department has its own unique costs, such as direct materials, direct labor, and overhead, which need to be tracked separately.
By establishing separate Work-in-Process Inventory accounts for each department, the company can accurately monitor the costs associated with each department's manufacturing activities. This information is useful for determining the cost of goods sold and for making decisions regarding pricing and production.
Therefore, it is important for companies that use process-cost accounting to maintain separate Work-in-Process Inventory accounts for each manufacturing department.
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A company has positive cash flows from operating activities, negative cash flows from capital expenditures, and negative cash flows from dividends. This company is most likely in which phase of the corporate life cycle
Growth stage. Profits from the company should be able to comfortably cover overhead and pay employees at this point. Sales are probably rising, and profit margins have risen once capital investments and loans have been repaid by the business.
What these terms means?A) Positive cash flowB) Negative cash flowC) DividendsThe net amount of cash and cash equivalents coming into and going out of a business is referred to as cash flow. Money spent and money received represent inflows and outflows, respectively. Fundamentally, a company's capacity to produce positive cash flows, or more specifically, its capacity to maximize long-term free cash flow, determines its ability to create value for shareholders (FCF).When a company has positive cash flow, its net balance on its cash flow statement for that particular period is higher than zero. In other words, the net result of all cash inflows and outflows over this period is positive rather than negative, and as a result, the company's cash reserves are increasing.Because a capital expenditure involves money leaving your company, it has a negative value in comparison to income or revenue. Because they are being deducted from your balance sheet or show as a negative capital expenditure on cash flow statements, capital expenditures are negative.a sum of money that is regularly paid by a business to its shareholders out of its profits (typically once per year) (or reserves) is called Dividends.To know more about cash flows check this out:https://brainly.com/question/18301012
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Calvin deposits $400 in a savings account that accrues 5% interest compounded monthly. after c years, calvin has $658.80. makayla deposits $300 in a different savings account that accrues 6% interest compounded quarterly. after m years, makayla has $613.04. what is the approximate difference in the number of years that calvin and makayla have their money invested? makayla invests her money 1 year longer. makayla invests her money 2 years longer. calvin invests his money 1 year longer. calvin invests his money 2 years longer.
According to equation, the approximate difference between Calvin and Makayla's number of years of money invested is 2 years.
What is compound interest?
Compound interest is refers to an amount implemented on the principal amount along wit the accumulated interest with a fixed rate of interest for a time period.
Solution:-
Given Information:
Calvin deposits= $400Interest rate=5%final amount Calvin =$658.80
Here, Compound interest= A=P (1+r/t)t
Monthly compound interest,
658.8=400(1+5/12*100)12c
658.8/400=(1205/1200)12c
c=10 years
Now Makayla deposits $300 in a different savings account that accrues 6% interest compounded quarterly. The final amount she gets is $613.4 in m years. Thus,
613.4=300(1+6/12*100)12m
613.4/300=(1206/1200)12m
c=12 years.
Thus, the approximate difference in the number of years that Calvin and Makayla have their money invested is 2 years.
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Answer:
B. Makayla invests her money 2 years longer.
Explanation:
a portfolio comprises coke (beta of 1.6) and wal-mart (beta of 0.6). the amount invested in coke is $10,000 and in wal-mart is $20,000. what is the beta of the portfolio?
10000 + 20000 = 30000
(10000/30000)(1.6) = 0.53
(20000/30000)(0.6) = 0.4
0.53 + 0.4 = 0.93
the beta of the portfolio is 0.93.
what is portfolio ?A portfolio is any collection of financial assets, including cash, bonds, and stocks. Individual investors may have portfolios, or they may be managed by financial professionals, hedge funds, banks, and other financial institutions. The idea that a portfolio should be created with the investor's risk appetite, time horizon, and investment goals in mind is one that is widely acknowledged. Each asset's monetary worth may have an impact on the portfolio's risk/reward ratio. The goal is to maximize expected return and minimize risk when deciding on asset allocation. There are numerous effective solutions to this multi-objective optimization issue, and the best one must be chosen by weighing the tradeoff between risk and reward. A portfolio A in particular is controlled by another.
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Toyota marketed its RAV4 hybrid model to a distinct segment of consumers as an adventurous, sporty hybrid that stands out as being uniquely different from other hybrid models. This is an example of
Answer:
the marketing mix variable—place
Explanation: this easy bc u just see what the variablie to the mix is times that
Toyota marketed its RAV4 hybrid model to a distinct segment of consumers as an adventurous, sporty hybrid that stands out as being uniquely different from other hybrid models. This is an example of market positioning.
What is Consumer?A consumer is referred to as an end user of any product. He is the person who utilized or consumes the goods. For example, when parents purchase baby food, they will be considered customers, not consumers the consumer will be a kid.
Market positioning is referred to as a technique in which the perception of the customer is influenced towards the product or brand by making attractive advertisements and promotions.
This market positioning helps in capturing the market and attracting target customers. This will also help in promoting business goodwill and meeting the expectations of the Buyer.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Smedley, a careful utility maximizer, consumes peanut butter and ice cream. Assume that both peanut butter and ice cream are normal goods. Right after he achieves the utility-maximizing level of consumption of the two goods, the price of ice cream increases. To adjust to this event, he consumes _____ peanut butter and _____ ice cream.
Considering the situation described above, to adjust to this event, he consumes more peanut butter and less ice cream.
This is because the price of the ice cream has increases, thereby following the law of demand and supply, which means the higher the price, the lower the demand.
Similarly, since the price of peanut butter remains the same, it is expected that Smedley would consume more of it.
Hence, in this case, it is concluded that the correct answer is more and less, respectively.
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Consider the transshinment costs ner nnit ehimned halou fon whia weat.1ame Find the lowest cost solution assuming each of the suppliers has an unlimited supply. How many units (whole numbers) ship along each of these routes: units should be shipped from plant 1 to destination I .
units should be shipped from plant 2 to destination 2 , and units should be shipped from plant 3 to destination 4.
The lowest cost solution for shipping from Plant 1 to Destination I is 30, from Plant 2 to Destination 2 is 80, and from Plant 3 to Destination 4 is 70.
Transportation problem is one of the well-known categories of Linear Programming Problems (LPPs) that deals with the distribution of commodities. The main objective is to find the lowest transportation cost for shipping goods from a set of suppliers to a set of destinations. Here, we consider the transshipment costs per unit shipped hauled for three plants and four destinations. The shipping unit from Plant 1 to Destination I should be 30 units because the cost is the least compared to others. The total cost of shipping from Plant 1 to Destination I is 1050.
Similarly, the lowest cost to ship from Plant 2 to Destination 2 is 80 units, and the total cost will be 1960. And for Plant 3 to Destination 4, the shipping unit should be 70 units, and the total cost will be 1470. Thus, the optimal solution is to ship 30 units from Plant 1 to Destination I, 80 units from Plant 2 to Destination 2, and 70 units from Plant 3 to Destination 4 to minimize the transportation cost.
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20. Given a binary search tree with n nodes and height h, what is the maximum number of
comparisons that each operation requires for the method getEntry?
a. O(h)
b. O(n)
c. O(log h)
d. O(1)
The maximum number of comparisons that each operation requires for the method getEntry is C) O(log h).
Given a binary search tree with n nodes and height h, the maximum number of comparisons that each operation requires for the method getEntry is O(h).Explanation:When we apply the binary search technique to search for an element in a binary search tree with n nodes and height h, the maximum number of comparisons that the method getEntry requires is O(h).
This is because the binary search algorithm traverses the height of the binary search tree, starting from the root node and searching down either the left or right sub-tree. The maximum number of nodes that can exist in any level of a binary search tree is 2^h, where h is the height of the tree.
Since the binary search tree is a balanced tree, the maximum height of the binary search tree is log(n), where n is the total number of nodes in the tree.
Therefore, the maximum number of comparisons that each operation requires for the method getEntry is O(log h).
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T/F contract that provides for shipment of goods but is otherwise ambiguous as to shipment terms is presumed to be a shipment contract.
True. A contract that provides for the shipment of goods, but does not clearly outline the shipment terms, is presumed to be a shipment contract.
In such a case, the parties to the contract are expected to follow the standard rules and practices applicable to shipment contracts. These may include matters such as the type of carrier to be used, the time of delivery, the mode of transportation, and other relevant details. A shipment contract is an agreement between the seller and the buyer that outlines the terms and conditions of the shipment of goods. It is a legally binding document that sets out the responsibilities of both parties and governs the shipment process. In conclusion, if a contract provides for the shipment of goods, it is essential to ensure that the terms and conditions of the shipment are clearly defined to avoid ambiguity and disputes.
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The statement is True, A contract that provides for the shipment of goods but is otherwise ambiguous as to shipment terms is presumed to be a shipment contract.
Ambiguous refers to something that is unclear, open to interpretation, or has multiple possible meanings or understandings. It is a state of vagueness or uncertainty, where the intended or actual meaning of a statement, situation, or concept is not readily apparent or easily understood. Ambiguity can arise in various contexts, including language, art, literature, and even everyday conversations. It can occur due to imprecise wording, lack of context, multiple valid interpretations, or intentional obfuscation.
Ambiguity can be both intriguing and frustrating. It challenges our ability to decipher meaning and requires us to consider different perspectives or possibilities. In some cases, ambiguity can foster creativity and encourage critical thinking. It allows for diverse interpretations and enriches discussions.
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"sun joe spx2680-max electric pressure washer, 13-amp, 2050 psi max, 1.2 gpm max" is this item worth buying? how does the company sell?
The axial cam pump of the Sun Joe SPX2680-MAX can deliver a flow of up to 1.2 GPM and a pressure of up to 2050 PSI when it is driven by a 13 amp universal motor (according to CSA testing standards).
Specifications of spx2680-max electric pressure washer:Since the SPX2680-MAX is such an electric pressure washer, starting the motor is as easy as flipping an ON/OFF switch. The item comes with a 35-foot GFCI wire, making it safe to use right away.
GENERAL FEATURES
As described below, this Sun Joe SPX2680-MAX includes a sprayer, a wand, high pressure hose, three nozzles, and a detergent adding feature.
Addition of soap: Attach the provided foam cannon toward the end of both the wand to add detergent to the fluid at the exit.Pressure hose: A set of handy hooks makes it easy to neatly store the 20-foot high-pressure hose that is included.Spray gun and wand: You can easily store the traditional, ergonomic spray gun but also its wand in a side hook.Nozzles: The table below lists the three provided nozzles along with the various surfaces that each one is suitable for.To know more about the electric pressure washer, here
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Four seasons lawn and landscaping provides customers with quality and value, treats others as they want to be treated, and practices open communications with all stakeholders. These are part of their.
The values statement of a company is one that necessitates attending to customers with quality & value and treating others as they want to be treated.
What is a values statement?In a firm, a values statement refers to an established core principles that guides the direction of the organization and its culture.
In conclusion, an organization value statement are compulsorily adopted by employees and manager bacause it is expected to guides their decision-making.
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Marginal factor cost (MFC) is
A. the additional cost generated by producing an additional unit of output.
B. the additional revenue generated by employing an additional factor unit.
C. the additional cost generated by employing an additional factor unit.
D. total cost from the production of a product divided by the total number of factor units used.
Answer:
c
Explanation:
Marginal factor cost (MFC) is the change in total cost as a result of employing one more unit of a factor of production.
Marginal factor cost is determined by dividing the change in total cost by the change in factor of production.
Imagine that total cost is 100 when there are 2 units of labour employed. total cost increases to 200 when 3 units of labour are employed.
the marginal factor cost = \(\frac{200 - 100}{3 - 2}\) = 100
Marginal cost is the additional cost generated by producing an additional unit of output.
Marginal factor revenue is the additional revenue generated by employing an additional factor unit.
Average factor cost is total cost from the production of a product divided by the total number of factor units used.
Kono corp. , an american company, is trying to decide whether to open its first international branch in europe or asia. The managers of the company are operating under a condition of _____.
The managers of Kono Corp., which is an American company trying to open a branch in Europe or Asia are operating under a condition of D. uncertainty.
What is uncertainty?Uncertainty refers to situations where the information is imperfect or unknown. When operating under uncertainty, some evaluations need to be undertaken to close the information gap.
Answer Options:A. goal displacement.
B. illusion of control.
C. social reality.
D. uncertainty.
Thus, the managers of Kono Corp. are not operating under goal displacement, the illusion of control, or social reality, but it is operating under conditions of uncertainty.
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