Collective bargaining is the process in which working people, through their unions, negotiate contracts with their employers to determine their terms of employment, including pay.
What is a collective bargaining agreement?A labour agreement involving salaries, hours, and other conditions of employment is known as collective bargaining. It is negotiated between a union and an employer. A negotiation goes through three stages: the beginning, the middle, and the end. While collective bargaining agreements are a tool used by employers to maintain order and stability in the workplace, they serve a greater purpose for employees. They serve as tools for workers to attempt to better their living and working circumstances. Workers sign these agreements in the hopes of improving their life. Beatrice Webb, a pioneer in British industrial relations, coined the phrase "collective bargaining" for the first time in 1891.To learn more about collective bargaining refer to:
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De los componentes de la Matriz DOFA, cuál elemento se define como las acciones externas de otros actores, que afectan negativamente la empresa. Las oportunidades Las Fortalezas Las Debilidades Las amenazas
Answer:
D). Las amenazas
Explanation:
El análisis 'FODA' es el examen de las diversas 'fortalezas, debilidades, oportunidades y amenazas' subyacentes a una empresa. Estos factores se han dividido además en factores internos y externos. Los factores internos incluyen fortalezas junto con debilidades, mientras que los factores externos consisten en amenazas potenciales y oportunidades futuras que se pueden aprovechar.
Según la pregunta, los factores externos que pueden afectar negativamente al negocio serían las 'amenazas' porque si no se abordan adecuadamente a tiempo, pueden generar pérdidas, afectar negativamente las opiniones y demandas de los consumidores, y mucho más. Estos factores se denominan externos ya que afectan al negocio de fuentes externas como un déficit o problema en el buen funcionamiento de la cadena de suministro, cambios repentinos en las necesidades del mercado, escasez de insumos, clima, caída de la economía, etc. Así, la opción D es la respuesta correcta.
potassium-40+is+a+radiogenic+isotope+with+a+half-life+of+1.26+million+years.+if+you+have+70%+of+the+potassium-40+parent+isotopes+left+in+the+rock,+how+old+is+this+sample?
Potassium-40 is a radiogenic isotope with a half-life of 1.26 million years. If 70% of the parent isotopes of potassium-40 is left in a rock, we can determine the age of the rock.
Sample Age Calculation:
If 70% of the parent isotopes of potassium-40 is left in a rock, that means 30% of the isotopes have decayed into a stable isotope.
The formula to calculate the age of the rock is given as follows:
t = (ln(Nt / N0)) / (-0.693)
where,N0 = the initial amount of parent isotope (potassium-40)
Nt = the remaining amount of parent isotope (potassium-40)
after a time t has passedt = time elapsed (in years)-0.693 = the constant value for the first-order reaction
where t½ is the half-life of the radioactive isotope.
Substituting the given values into the equation, we get,t = (ln(Nt / N0)) / (-0.693)t = (ln(0.7)) / (-0.693)t = 0.3562 × 1,260,000t = 449,492 years
The rock sample is 449,492 years old.
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What are the taxation benefits?
An income tax deduction lowers your taxable income. Taxation benefits vary depending on the country and jurisdiction, but some common benefits include:
1. Tax relief for investments in certain areas, such as research and development, renewable energy, and certain types of property.
2. Tax exemptions or deductions for certain types of income, such as capital gains or dividends.
3. Tax credits for certain types of expenses, such as education or research and development.
4. Lower tax rates for certain types of income, such as long-term capital gains.
5. Tax incentives for certain types of investments, such as in start-up companies or venture capital funds.
6. Tax deferral or postponement of taxes due on certain types of income, such as foreign-source income.
7. Tax deductions for certain types of charitable donations.
8. Tax incentives for investing in certain types of companies, such as small businesses or those in economically disadvantaged areas.
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3 x square minus 2 root 6 X + 2 = 0
Answer:
-0.8462
Explanation:
the term referring to the wide range of services that enable people and companies to continuously use the information technology they acquired or developed is known as
The term referring to the wide range of services that enable people and companies to continuously use the information technology they acquired or developed is known as technical support.
What is a technical support job description?
They address problems with pcs, phones, modems, the web, networks, software, and other related things. To that purpose, they carry out activities like: Responding to inquiries from clients to understand their circumstances. posing inquiries to gain a better understanding of what could be wrong.
Technical support is a word used to describe a broad range of services that allow individuals and businesses to constantly use the information technology they have purchased or built.
Therefore, Tech support is a contact center-style customer service offered by businesses to assist and advise registered users with problems.
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D owns a Whole Life policy that was purchased 10 years ago. If the premium payments suddenly stop
and D takes no additional action, which Nonforfeiture Option will the insurer likely proceed with?
Since premium payments have suddenly stop, extended term is the option of the Non-forfeiture that the insurer will likely proceed with.
In assurance, the non-forfeiture clause states that the insured party will receive full benefits or partial refund of premiums after a lapse due to non-payment of premium as at when due.
The extended term is a option under non-forfeiture provision which uses the existing cash value to purchase term insurance on the life polic.
In conclusion, Since premium payments have suddenly stop, extended term is the option of the Non-forfeiture that the insurer will likely proceed with.
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What is it called when an employee is fired for engaging in a protected activity, such as filling, a discrimination charge or opposing legal employee practices?
Answer:
Retaliation
Explanation:
Retaliation occurs when an employer punishes an employee for engaging in legally protected activity. Retaliation can include any negative job action, such as demotion, discipline, firing, salary reduction, or job or shift reassignment.
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
evaluate three ways in which employment will minimize emotional stress
Answer:
Employment allows you to provide for yourself and your family. With employment, you are likely to have your basic necessities covered, like food, utilities and housing.
Employment makes you feel useful in some way, makes you feel as a contributing member of society, a feeling that helps you increase your feelings of self-worth.
Finally, employment helps you plan ahead for the future. If the employment pays well, or if you manage to spend less than you earn, employment allows you to save money, which is the first step in building a personal equity.
The ways in which employment minimizes emotional stress include:
An employment provides a means of socialisation. This would reduce isolation. An employment is a source of income. This allows people to be able to afford luxuries that would reduce emotional stress. Employment reduces idleness. What is employment?Employment refers to when members of the labor force have a job for which they receive some form of compensation.
How would you summarize this specific course section that you have just completed? imagine you are describing it to someone and want to encourage them to take it. business foundation
You acquire information, abilities, and experience that will benefit you in both your work and general life.
What does it mean that you as a student should be aware of the course's relevance?
All students need to comprehend why a course's material important, regardless of whether they are merely studying it to fulfill a requirement or because they find it intriguing. This influences their comprehension of how this course links to other knowledge and abilities, as well as their motivation.
What factors do you consider when choosing the best course for you?
The first step in deciding which course to take is to identify your interests and hobbies, but you also need to consider what you have to offer. You must consider whether or not your abilities and expertise are relevant to the program you want to pursue before making your decision.
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Prepaid expenses require what type of adjusting entry? Question options: Matched Accumulated Accrued Deferral
Answer:
deferral
Explanation:
Adjusting entries are when changes are made to already recorded journal entries.
Categories of adjusting entries :
accrued revenuesaccrued expensesunearned revenuesprepaid expensesdepreciation.Prepaid expenses are payments made for services yet to be delivered.
For example, paying for a year's worth of subscription on your streaming service
Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral
The government can make money by borrowing from its population in the form of governmental bonds.
A. True
B. False
Answer:
False
Explanation:
by learning that the demand for bikes is going to increase, a
bike producing company can take steps to increase production and introduce new
models of motorbikes to lure new customers. This is what Hero Honda did in the
1990s to establish its leading position in the Indian bike market. ( Identify the importance of environmental scanning stated )
Answer:
how
Explanation:
merck just sold semi-annual, 8% coupon bonds with a maturity in 4 years. each bond had a par value of $1,000 and sold for $1,015. what was the yield-to-maturity of these bonds?
The yield-to-maturity of these bonds is 3.64%. We can use the following formula to calculate the yield-to-maturity (YTM) of a bond:
PV =\(C/(1+r)^1 + C/(1+r)^2\) + ... + \(C/(1+r)^n + F/(1+r)^n\)
where PV is the present value of the bond, C is the periodic coupon payment, F is the face value or par value of the bond, r is the YTM, and n is the number of periods until maturity.
In this case, the bond has a semi-annual coupon rate of 8%, a face value of $1,000, and sold for $1,015. The bond will make a total of 8 coupon payments over the next 4 years (2 per year). Using these values, we can calculate the YTM as follows:
PV = -$1,015 (the bond was sold, so the present value is negative)
C = $40 (8% coupon rate x $1,000 face value / 2 coupon payments per year)
F = $1,000
n = 8 (2 coupon payments per year x 4 years)
Substituting these values into the formula, we get:
-$1,015 = $40/(1+r)^1 + $40/(1+r)^2 + ... + $40/(1+r)^8 + $1,000/(1+r)^8
Solving for r using a financial calculator or Excel's "Rate" function, we get:
YTM = 3.64%
Therefore, the yield-to-maturity of these bonds is 3.64%.
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Which of the following is the best example of a convenience product?
Multiple Choice
a. Apple Airpods
b. flight on United Airlines
c. Roget's Thesaurus
d. Audi Q8 luxury automobile
e. Lay’s Potato Chips
The best example of a convenience product among the given options is Lay's Potato Chips (option e).
Convenience products are products that consumers buy frequently, immediately, and with minimal effort. Lay's Potato Chips are easily accessible, widely available, and do not require much time or effort to purchase. They are a commonly purchased snack food that is readily available in grocery stores, vending machines, and other locations.
Apple Airpods (option a) and Audi Q8 luxury automobile (option d) are more likely to be considered specialty products or shopping products because they are higher-priced and typically require more research and effort to purchase.
Flight on United Airlines (option b) is an example of a service, not a product, and would not be classified as a convenience product.
Roget's Thesaurus (option c) could be classified as a convenience product, but it is not as commonly purchased or widely used as Lay's Potato Chips.
Option E is correct.
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Which of the following statements about direct and indirect costs is/are likely to be true?
Note: multiple answers possible.
Group of answer choices
Whether a fixed cost is classified as direct or indirect cost depends on whether the level of production is within or outside the relevant range.
Reliability of cost data is usually enhanced with more, rather than less, direct cost categories
With the right allocation base, the assignment of indirect costs to a cost object will typically be more accurate than the assignment of direct costs to the same cost object
While each indirect cost item would have one or more cost drivers, direct cost items do not typically have a cost driver.
The following statements about direct and indirect costs are likely to be true:
1. Whether a fixed cost is classified as direct or indirect cost depends on whether the level of production is within or outside the relevant range.
2. Reliability of cost data is usually enhanced with more, rather than less, direct cost categories.
3. With the right allocation base, the assignment of indirect costs to a cost object will typically be more accurate than the assignment of direct costs to the same cost object.
1. Whether a fixed cost is classified as direct or indirect depends on the level of production. If the level of production is within the relevant range, the fixed cost is classified as indirect. If it is outside the relevant range, the fixed cost is classified as direct.
2. The reliability of cost data is generally improved with more direct cost categories. This is because direct costs are directly traceable to the cost object, making them easier to allocate accurately.
3. With the right allocation base, indirect costs can be assigned more accurately to a cost object compared to direct costs. Indirect costs are not directly traceable to the cost object and require an allocation process, which can be more precise when using appropriate allocation bases.
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Which of the following careers is most likely to require business skills?
Answer:
1, Communication skill,Leadership skill,Analytical skill
The following are the trial balance ind the other information related to Perez Consulting Engineers. Perez Consulting Engineers Trial Balance December 31, 2020 Debit Credit Cash $29,500 Accounts Receivable 49,600 Allowance for Doubtful Accounts $750 Supplies 1,960 Prepaid Insurance 1,100 Equipment 25,000 Accumulated Depreciation-Equipment 6,250 Notes Payable 7,200 Common Stock 10,000 Retained Earnings 25,010 Service Revenue Rent Expense 9,750 Salaries and Wages Expense 30,500 Utilities Expenses 1,080 Office Expense 720 $149,210 $149. 210 1. Fees received in advance from clients $6,000, which were recorded as revenue. 2. Services performed for clients that were not recorded by December 31, $4,900. 3. Bad debt expense for the year is $1,430. 4. Insurance expired during the year $480. 5. Equipment is being depreciated at 10% per year. 6. Perez gave the bank a 90-day, 10% note for $7,200 on December 1, 2020. 7. Rent of the building is $750 per month. The rent for 2020 has been paid, as has that for January 2021, and recorded as Rent Expense. 8. Office salaries and wages earned but unpaid December 31, 2020, $2,510. Instructions:A. From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2020. (Omit explanations). B. Prepare an income statement for 2020, a retained earnings statement, and a classified balance sheet. Perez paid a $17,000 cash dividend during the year (recorded in Retained Earnings)
The adjusting entries for Perez Consulting Engineers as of December 31, 2020, are as follows: Total Liabilities and Equity $102,880
1. To recognize unearned revenue:
Debit: Unearned Revenue $6,000
Credit: Service Revenue $6,000
2. To recognize services performed but not recorded:
Debit: Accounts Receivable $4,900
Credit: Service Revenue $4,900
3. To record bad debt expense:
Debit: Bad Debt Expense $1,430
Credit: Allowance for Doubtful Accounts $1,430
4. To recognize expired insurance:
Debit: Insurance Expense $480
Credit: Prepaid Insurance $480
5. To record depreciation expense:
Debit: Depreciation Expense - Equipment $2,500
Credit: Accumulated Depreciation - Equipment $2,500
(Calculation: $25,000 * 10% = $2,500)
6. To record the note payable:
Debit: Notes Payable $7,200
Credit: Cash $7,200
7. To recognize accrued rent expense:
Debit: Rent Expense $750
Credit: Accrued Rent Payable $750
8. To recognize accrued salaries and wages:
Debit: Salaries and Wages Expense $2,510
Credit: Salaries and Wages Payable $2,510
B. Financial Statements:
Income Statement for 2020:
Revenue:
Service Revenue $10,900 ([$6,000 + $4,900] - $1,430)
Expenses:
Rent Expense $9,750
Salaries and Wages Expense $30,500
Utilities Expenses $1,080
Office Expense $720
Depreciation Expense - Equipment $2,500
Insurance Expense $480
Bad Debt Expense $1,430
Total Expenses $46,460
Net Income $10,900 - $46,460 = (-$35,560) (Loss)
Retained Earnings Statement:
Retained Earnings, January 1, 2020 $25,010
Net Loss ($35,560)
Dividends ($17,000)
Retained Earnings, December 31, 2020 ($27,550)
Classified Balance Sheet (December 31, 2020):
Assets:
Cash $29,500
Accounts Receivable $54,500 ($49,600 + $4,900)
Less: Allowance for Doubtful Accounts ($750)
Supplies $1,960
Prepaid Insurance $620 ($1,100 - $480)
Equipment $25,000
Less: Accumulated Depreciation - Equipment ($8,750 [$6,250 + $2,500])
Total Assets $102,880
Liabilities:
Notes Payable $7,200
Accrued Rent Payable $750
Salaries and Wages Payable $2,510
Total Liabilities $10,460
Equity:
Common Stock $10,000
Retained Earnings ($27,550)
Total Equity ($17,550)
Total Liabilities and Equity $102,880
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to maintain an efficient service delivery system, an organization should always
To maintain an efficient service delivery system, an organization should always: Identify and understand customer needs and expectations.
An organization should clearly understand customer needs and expectations to design its service delivery system accordingly. Continuously monitor and improve service quality: Organizations should continuously monitor service quality to identify areas for improvement and make necessary changes to enhance the overall customer experience.
Implement technology: Technology can improve service delivery by automating processes, reducing wait times, and improving access to information.
Train employees: Employee training is crucial to ensure they have the necessary skills and knowledge to provide high-quality service and meet customer needs.
Measure and track performance: An organization should track key performance indicators (KPIs) to measure the effectiveness of its service delivery system's effectiveness and identify improvement areas.
Empower employees: Organizations should empower employees to make decisions and take ownership of the service delivery process, which can increase their engagement and motivation in delivery system
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A student in public administration wants to determine the mean amount members of city councils earn. The error in estimating the mean is to be less than $100 with a 99% level of confidence. The student found a report by the department of labor that estimated the standard deviation to be $1000. What is the required sample size?
Answer:
663.58
Explanation:
From the problem:
E, the maximum allowable error, is $100
The value of z for a 99 percent confidence level is 2.576
Estimate of standard deviation is $1,000.
n = [(z x s)/ E] ^ 2
n = [(2.576 x 1000) / 100}^2
= 25.76^2
=663.58
with the aid of a fully labeled graph, explain why firms under perfect market conditions cannot make economic profit in the long run
In a perfectly competitive market, firms cannot make economic profit in the long run due to the presence of free entry and exit. This can be illustrated in a graph:
The horizontal axis represents the quantity of output produced, and the vertical axis represents the price and cost. The demand curve (D) and the marginal revenue curve (MR) are perfectly elastic, reflecting the large number of buyers and sellers in the market.
The average total cost (ATC) and the marginal cost (MC) curves are U-shaped, indicating economies of scale at low levels of output and diminishing returns at higher levels.
In the long run, if firms are making economic profit (represented by the gap between ATC and MR), new firms are attracted to the industry due to the absence of barriers to entry. As new firms enter, the supply curve (S) shifts to the right, increasing market competition.
As more firms compete, the price decreases until it reaches the minimum average total cost (ATC) of the firms in the industry. At this point, firms earn only normal profit, where the ATC intersects with the MR curve, indicating zero economic profit.
Therefore, under perfect market conditions, firms cannot make economic profit in the long run as free entry and exit eliminate any excess profits, ensuring that the market reaches a state of equilibrium where all firms earn only normal profit.
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Suppose General Electric payed its line workers $12 per hour
The relevant answers with regard to real wages are as follows:
A) $10.08
B) 10.89
C) 19.05. See explanation below.
What is the computation justifying the above results?[A]
Recall that Real Wages are computed as follows;
Real Wages = (Nominal Wage/CPI in the Given Year) x CPI in the base year
12 = (N/84) x 100
= 10.08
[B]
The formula for real wage still stands:
Hence,
12 x 1.08 = (N/84) x 100
= 10.89
One thing to keep in mind is that the percentage rise in real wages is always equal to the percentage increase in nominal wages. The same may be demonstrated with other values.
[C]
It is to be noted that the real wage is pegged at $12 which is same from the prior year.
Hence, percentage increase = 0
But because $12 is Nominal in the incumbent year,
[(12 - 10.08)/10.08] x 100
= 92/10.08
= 19.05
What is real wages?Real wages are earnings adjusted for inflation, or pay expressed in terms of the quantity of goods and services that may be purchased. In contrast to nominal wages or unadjusted wages, this word is used.
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Full Question:
Suppose General Electric paid its line workers $12 per hour in 2015 when the Consumer Price Index was 100. Suppose that deflation occurred and the aggregate price level fell to 84 in 2016. Instructions: Round your answers to two decimal places. a. GE needed to pay its workers $ in 2016 in order to keep the real wage fixed at $12. b. GE needed to pay its workers $ in 2016 if it wanted to increase the real wage by 8 percent. c. If GE kept the wage fixed at $12 per hour in 2016, in real terms, its workers got a % increase in wages.
An outward shift of a nation's production possibilities curve:
A. ensures the nation of an increase in real GDP per capita.
B. ensures the nation of an increase in real GDP, but not of real GDP per capita.
C. ensures a nation neither of an increase in real GDP nor of an increase in real GDP per capita.
D. ensures a nation of an increase in both real GDP and real GDP per capita.
The right response is: B. Guarantees a gain in real GDP for the country but not in real GDP per person.
The nation's production possibilities curveThe production possibilities curve will move outward when the economy's productive capacity increases. It enables the country to generate more products and services, raising real GDP in the process. The actual GDP per capita may not necessarily rise as a result, though.
A measure of the economy's average output per person is the real GDP per capita. It considers both the country's population and overall output (real GDP). The production possibilities curve does not necessarily shift outward when these other elements, such as population size or income distribution, are constant.
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The account of ABC Corp. prepared a statement of affairs. Total assets which there are no claims or liens are expected to produce P2,100,000. Unsecured claims of all classes totaled to P3,150,000.
The following are claims deemed outstanding:
Accrued salaries. P45,000
Unrecorded note for P30,000, on which P1,800 of interest has accrued
A note for P90,000 secured by P120,000 receivable, estimated to be 60% collectible
A P45,000 note on which P900 interest has accrued with a property having book value of P30,000 and a market value of P54,000 is pledged to guarantee payment of principal and interest.
Unpaid income taxes of P105,000.
What is the amount realized by partially secured creditors?
Group of answer choices
P72,000
P83,700
P90,000
P83,160
So, the amount realized by partially secured creditors is -$6,000.
The amount realized by partially secured creditors can be calculated as follows:
Secured claims that are expected to be collected in full:
P90,000 secured by P120,000 receivable (60% collectible) = P90,000 x 60% = P54,000
P45,000 note secured by P30,000 property = P45,000
Unsecured claims that are expected to be collected in full:
Accrued salaries = P45,000
Unrecorded note for P30,000 (100% collectible) = P30,000
Unsecured claims that are partially collectible:
P105,000 unpaid income taxes = P105,000
The amount realized by partially secured creditors can be calculated as follows:
P54,000 secured claims + P45,000 unsecured claims = P99,000
P99,000 - P105,000 = -$6,000
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uptown interior designs is an all equity firm that has 40,000 shares of stock outstanding. the company has decided to borrow $1 million to buy out the shares of a deceased stockholder who holds 2,500 shares. what is the total value of this firm if you ignore taxes? a. $15.5 million b. $15.6 million c. $16.0 million d. $16.8 million e. $17.2 million
The total value of Uptown Interior Designs is $2,066,800, which is closest to option (c) $16.0 million.
To determine the total value of Uptown Interior Designs, we need to first calculate the value of the shares being bought out. With 40,000 shares outstanding and the deceased stockholder holding 2,500 shares, we know that the remaining shareholders hold 37,500 shares (40,000 - 2,500).
If the company is borrowing $1 million to buy out the deceased stockholder's shares, we can calculate the per-share price by dividing the total amount borrowed by the number of remaining shares.
$1,000,000 / 37,500 shares = $26.67 per share
To determine the total value of the firm, we can multiply the per-share price by the total number of outstanding shares:
$26.67 per share x 40,000 shares = $1,066,800
Finally, we add the value of the firm (excluding the value of the buyout) to the buyout price to get the total value:
$1,066,800 + $1,000,000 = $2,066,800
Therefore, the total value of Uptown Interior Designs is $2,066,800, which is closest to option (c) $16.0 million.
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What was one benefit and one cost of the Fed’s unusual step of buying long-term securities following the financial crisis of 2008–2009? pls I need is asap for my economic class
Federal bought good quality securities at lower prices during financial crisis. They also had to bear the cost of losing money on some stocks that lost capitalization due to the crisis.
What is financial crisis?Financial crisis in the economy refers to increased prices of goods and decrease in the market capitalization due to a decline in the economy. Federal bought securities for long-term during 2008 financial crisis.
The benefit of buying this dip was that federal was able to invest in quality stocks at discounted prices. However, it also lost money in companies which could not survive after the end of the financial crisis.
Hence, the benefits and costs of Federal's purchases during the financial crisis of 2008-09 are as aforementioned.
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if 7 shirts cost 455. what
will 5 shirts cost?
Give two pieces of independent evidence for a hot dense past to the universe, and describe the cosmic signal that confirms the universe was indeed like this about 14 billion years ago?
The cosmos formed from a hot, dense sea of matter and energy some 15 billion years ago. Galaxies, stars, planets, and life were created as the cosmos cooled and expanded. Two theories are most common are-
According to the big bang theory, the universe began as a point about 13.82 billion years ago and is currently expanding as a result of a tremendous explosion.According to steady state cosmology, the cosmos is exactly as it is. When matter expands, new matter is produced.What is Big Bang Theory?According to scientists, the universe started with every last bit of energy compressed into a single, minuscule point. The explosion from this incredibly dense point created stuff and propelled it outward to form the billions of galaxies that make up our huge cosmos. The Big Bang is the name given to this enormous explosion by astronomers.What is Steady State Theory?According to the Steady State theory, which also holds that the universe has always existed and is constantly expanding and generating stuff, the universe has always existed and will continue to do so. The red shift data is in favor of this theory, but the CMBR is not.Cosmology's steady-state theory holds that the universe is constantly expanding while maintaining a constant average density, with matter continuously being created to form new stars and galaxies at the same rate that older ones fade away due to their expanding distance and accelerating recession velocity.To know more about the Big Bang theory, here
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What happens when the price of a good increases? The quantity of goods that are produced increases. The producer of the good is certain to make less money. The quantity of goods that are produced decreases. The quantity of goods that are produced stays about the same.
Answer:
Quantity of goods that are produced an increase
Explanation:
Looking at a Supply/Demand chart, you can see as Prices increases, supplier are willing to produce more. The lower the price, the fewer producers are willing to produce. The demand line represents how much the customer is willing to buy at the price while the supply line represents how much the producer is willing to produce at that price. So if you set the price high, fewer people will purchase goods, but producers will produce more for higher profits.
When the price of a good increases the demand of that product decrease so that the product quantity will increased . Hence option A is correct.
What is Demand and Supply ?When you look at a supply and demand chart, you can see that suppliers are eager to produce more as prices rise.
Less manufacturers are willing to produce the more the price is reduced. While the supply line shows how much the manufacturer is willing to produce at that price, the demand line shows how much the buyer is willing to buy at that price.
Therefore, if you raise the price, fewer people would buy the goods, but manufacturers will make more for greater profits.
While other factors remain constant, if a good's price increases, fewer people will buy it. The quantity requested of a good rises when the price of that good decreases.
The correlation between a good's price and quantity desired when all other factors continuing to influence purchase intentions.
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# SPJ 5
markets are inefficient when group of answer choices A. external costs or benefits are zero.
B. Social cost is equal to private cost for a given good or service.
C. private costs are very high.
D. social costs are different from private costs
social costs are different from private costs Markets are considered inefficient when social costs, which include both private costs and external costs, are different from private costs.
In a perfectly efficient market, the price of a good or service reflects both the private costs incurred by the producer and the external costs imposed on society. However, when social costs exceed private costs (such as when there are negative externalities like pollution), the market fails to fully account for the true cost of production, leading to an inefficient allocation of resources. In such cases, market participants may not take into consideration the full societal impact of their actions, resulting in overproduction or consumption of goods or services that have negative external effects.
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