An electricity network has three nodes, A, B and C. There are three lines, AB, AC and BC, linking the three nodes. The wind turbine at A has a marginal cost of £60/MWh. The nuclear generator at B has a marginal cost of £85/MWh. There is no generator at C. There is a (binding) constraint on the amount of power that can flow from A to Con line AC. The other lines are not constrained. Generators A and B both have spare capacity. A) What is the marginal cost of electricity at A? Why? [2] b) What is the marginal cost of electricity at B? Why? [2] c) Construct a Lagrangian to calculate: (i) the marginal cost of electricity at C and [4] [4] (ii) the shadow cost of the constraint. D) In the UK's electricity system, describe what payments are made between the consumer and industry, and between industry actors
Answers
a) Node A has the lowest marginal cost of electricity at £60/MWh among available generators.
b) Node B has a marginal cost of electricity at £85/MWh, the next lowest among available generators.
c) i) The marginal cost at node C is calculated using a Lagrangian function with a constraint on power flow from A to C.
ii) The shadow cost of the constraint is determined through differentiation of the Lagrangian function at the optimal solution.
d) In the UK's electricity system, consumers pay based on prevailing prices, while industry actors make payments for electricity production, transmission, distribution, and market operations.
a) The marginal cost of electricity at node A is £60/MWh. This is because the wind turbine at A has the lowest marginal cost among the available generators. Marginal cost represents the additional cost of producing one more unit of electricity, and in this case, it costs £60 to produce an additional MWh of electricity from the wind turbine at A.
b) The marginal cost of electricity at node B is £85/MWh. This is because the nuclear generator at B has the next lowest marginal cost among the available generators. Marginal cost reflects the cost of producing one more unit of electricity, and in this scenario, it costs £85 to generate an additional MWh of electricity from the nuclear generator at B.
c) i) To calculate the marginal cost of electricity at node C, we can construct a Lagrangian function. Let λ represent the Lagrange multiplier associated with the constraint on power flow from A to C. The Lagrangian function is L = Marginal Cost of C + λ * Constraint.
ii) The shadow cost of the constraint can also be calculated using the Lagrangian function. The shadow cost represents the impact on the objective function (cost) due to the constraint. It can be obtained by differentiating the Lagrangian function with respect to the constraint and evaluating it at the optimal solution.
d) In the UK's electricity system, payments are made between the consumer and industry, as well as between industry actors. Consumers pay for the electricity they consume based on the prevailing electricity prices. These prices are determined through market mechanisms such as auctions or through regulatory processes.
Between industry actors, payments are made for various services and transactions. Generators are paid for the electricity they produce based on the prevailing market prices. Transmission and distribution companies receive payments for the transportation of electricity. Market operators and system operators may charge fees for their services in facilitating and operating the electricity markets and ensuring the reliability of the system.
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Related Questions
Which situation describes a monopoly market structure?
A. Many different vendors sell the same few T-shirt designs to fans at
a concert.
B. Solar panels are only available from two companies operating in a
country
C. A lot of new Chinese restaurants open in an area with a growing
Chinese population
D. One company builds and sells all of the cars available in a
developing country.
Answers
Answer:
D. One company builds and sells all of the cars available in a
developing country. That if so gives the one company a monopoly, because there is only one company supplying that service.
Can I please get help with this???? I’m not sure if the two are right or not. Please help me!!!!
Answers
Answer:
I think the two you have are correct the second one is Chain restaurants i think
third one Franchise restaurants fourth one One location restaurants
Explanation:
estion 8 of 16 >
Macmillan Learning
The overall population for Region A is 103 million people. The labor force contains 50 million people, 26 million people are
employed, and 24 million are unemployed. What is the unemployment rate? Round your answer to two decimals.
%
Answers
The unemployment rate is 0.48. Unemployment Rate = Unemployed Force / Total Labor Force, which is 24÷50= 0.48.
What is the unemployment rate?The unemployment rate can be understood as the percentage of the labour force without a job. It generally rises or falls in the wake of changing economic conditions, rather than anticipating them which shows it is a lagging indicator This rate can be expected to rise when the economy is in poor shape and jobs are scarce. If the economy grows at a healthy rate and jobs are relatively many, it can be expected to fall.
The unemployment rate refers to the percentage of unemployed individuals in an economy among individuals currently in the labour force.
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You have to define a regression or a classification problem which has a business application based on a dataset of your choice. A Machine Learning project is generally not linear but will consist broadly of the following major steps.
Define Problem
Prepare Data
Data understanding (EDA)
Define the solving methodology
Model building
Evaluate and compare models
Improve Model
Report Results
What you will have to submit?
1. Jupyter notebook with well commented Python code and results.
2. A report with description of the steps carried out and inference.
For the regression problem, feature selection should have a proper statistical explanation, residual analysis, outlier analysis, and proper steps to further improve your model should be clearly carried out and described in the report.
For the classification problem, some explanation on why the considered features have been selected to build the model has to be provided. Comparisons have to be carried out between at least two classification algorithms
Answers
Regression Problem:
The problem is to predict the price of used cars based on various features such as the car's brand, model, year of manufacturing, mileage, fuel type, and other relevant factors. This regression problem has a business application in the automotive industry, as it can help car dealerships or individuals estimate the value of their used cars or determine the appropriate price for selling or buying a used car.
Major Steps in the Machine Learning Project:
1. Define the Problem:
- The problem is to predict the price of used cars based on given features.
- The dataset consists of historical data on used cars, including their features and corresponding prices.
2. Prepare Data:
- Load the dataset and perform necessary data preprocessing steps such as handling missing values, encoding categorical variables, and scaling numerical features if required.
- Split the dataset into training and testing sets.
3. Data Understanding (EDA):
- Perform exploratory data analysis (EDA) to gain insights into the dataset and understand the relationships between the features and the target variable.
- Analyze the distribution of the target variable (price) and examine the correlations between features.
4. Define the Solving Methodology:
- Choose an appropriate regression algorithm(s) to solve the problem.
- Select evaluation metrics suitable for regression, such as mean squared error (MSE) or root mean squared error (RMSE).
5. Model Building:
- Build regression models using the selected algorithms, considering different hyperparameter settings.
- Train the models using the training dataset.
6. Evaluate and Compare Models:
- Evaluate the trained models using appropriate evaluation metrics.
- Compare the performance of different regression models and select the best-performing one based on the evaluation results.
7. Improve Model:
- Perform feature selection techniques to identify the most relevant features for the regression task.
- Analyze the residuals of the best model and identify any patterns or outliers that may require further investigation or preprocessing.
8. Report Results:
- Prepare a Jupyter notebook with well-commented Python code and present the results of each step.
- Provide a report describing the steps carried out, the reasoning behind feature selection, comparisons between different regression models, and any improvements made to the initial model.
- Include visualizations, tables, and interpretations to support the findings and conclusions.
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TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company's products is a heavy-duty corrosion-resistant metal drum, called the WVD drum, used to store toxic wastes. Production is constrained by the capacity of an automated welding machine that is used to make precision welds. A total of 2,000 hours of welding time is available annually on the machine. Because each drum requires 0.4 hours of welding time, annual production is limited to 5,000 drums. At present, the welding machine is used exclusively to make the WVD drums. The accounting department has provided the following financial data concerning the WVD drums:
Management believes 6,000 WVD drums could be sold each year if the company had sufficient manufacturing capacity. As an alternative to adding another welding machine, management has considered buying additional drums from an outside supplier. Harcor Industries, Inc., a supplier of quality products, would be able to provide up to 4,000 WVD-type drums per year at a price of $138 per drum, which TufStuff would resell to its customers at its normal selling price after appropriate relabeling.
Megan Flores, TufStuff's production manager, has suggested that the company could make better use of the welding machine by manufacturing bike frames, which would require only 0.5 hours of welding time per frame and yet sell for far more than the drums. Megan believes that TufStuff could sell up to 1,600 bike frames per year to bike manufacturers at a price of $239 each. The accounting department has provided the following data concerning the proposed new product:
The bike frames could be produced with existing equipment and personnel. Manufacturing overhead is allocated to products on the basis of direct labor-hours. Most of the manufacturing overhead consists of fixed common costs such as rent on the factory building, but some of it is variable. The variable manufacturing overhead has been estimated at $1.35 per WVD drum and $1.90 per bike frame. The variable manufacturing overhead cost would not be incurred on drums acquired from the outside supplier.
Selling and administrative expenses are allocated to products on the basis of revenues. Almost all of the selling and administrative expenses are fixed common costs, but it has been estimated that variable selling and administrative expenses amount to $0.75 per WVD drum whether made or purchased and would be $1.30 per bike frame.
All of the company's employees-direct and indirect-are paid for full 40 -hour workweeks and the company has a policy of laying off workers only in major recessions.
Required:
Given the margins of the two products as indicated in the reports submitted by the accounting department, does it make sense to consider producing the bike frames? Explain.
Answers
No, because it took into account allocated fixed expenses as well, the Product Margin as calculated by the Accounting Department should not be used to make such decisions. When making decisions, variable costs should be taken into account.
What is the profit margin?
Profitability is gauged by profit margin. Finding the profit as a proportion of revenue is used to calculate it. Gross profit margin, operating profit margin, and net profit margin are the three different forms of profit margins. Gross profit is multiplied by net sales to determine gross profit margin.
The product's gross profit margin is determined by the discrepancy between the selling price and the product cost. The gross profit margin is divided by the selling price to produce the product margin. Product margin is equal to the product's selling price divided by its cost. Typically, product margins are expressed as percentages.
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A wholesaler delivers makeup to supermarkets, sets up the items on racks,
and keeps track of inventory. This is an example of a
A. manufacturer's sales branch
B. truck jobber
C. rack jobber
D. drop shipper
Answers
Answer:
c. rack jobber
Explanation:
A wholesaler delivers makeup to supermarkets, sets up the items on racks, and keeps track of inventory. This is an example of a rack jobber. Hence, option C is correct.
What is wholesaler delivers?A wholesaler's main duty is to improve the efficiency of the supply chain for the gain of producers, distributors, and end consumers. At the same time, wholesalers help distributors manage their assets more efficiently.
Between a manufacturer, who creates a product, and an organization farther down the supply chain, a distributor serves as a link. A value-added reseller, or downstream company, can be either a wholesaler or a retailer.
A distributor is a company that buys non-competing products or product lines and resells them to customers directly. The majority of distributors also provide a range of services, including service, technical support, and warranty protection.
Thus, option C is correct.
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Fe2O3 + 3 CO → Fe + 3 CO2
Answers
Answer:
product 2FeO3+3CO2
Explanation:
Life orientation grade 10
Answers
Answer:
Life Orientation is a mandatory subject in the South African CAPS curriculum. It's studied by Senior Phase students in Grades 7-9. During Intermediate Phase, children will study Life Skills.
The CAPS guidance for Life Orientation states that the subject's main focus is the development of self in society. It aims to help learners set goals for themselves, solve problems and improve decision-making strategies. It aims to prepare learners for modern society and help with intellectual, physical, social and emotional growth along with lots more.
Explanation:
There are 5 main topics which are studied in Life Orientation in the Senior Phase:
Development of the self in society - This topic works on self-concept, including motivation and self-image. Learners throughout Senior Phase will also look at subjects such as personal diet and nutrition, peer pressure, relationships and friendships as part of the teaching. This topic will also touch on challenging situations including depression, grief, loss, trauma and crisis. This is so that they are better equipped to deal with these situations if they experience them in the real world.
Health, social and environmental responsibility - This topic area covers things like substance abuse and environmental health issues. There is also time spent on common diseases. Learners will also look at things such as volunteering as a concept as well as dealing with health and safety issues related to violence.
Constitutional rights and responsibilities - This topic has a focus on human rights, religions, cultural diversity and fair play. There's also some time spent on the concept of nation building and relating some of the above focuses to South Africa itself. Gender equity, constitutional values and issues that relate to citizens' rights and responsibilities are all looked at.
World of work - This topic area is all about preparing tour Senior Phase students for further education and life after school. Time is spent on different learning styles and career paths. You'll also spend some time talking about which options are available to them after Grade 9, including appropriate subject choices for their chosen career. You could spend some time talking about different careers and how each member of the class wishes to move forwards.
Physical education - During Life Orientation students are introduced to participating in a fitness programme and are encouraged to play various sports and games throughout Senior Phase. They will also participate in outdoor recreational programmes and learn to refine their performance in movement activities as well as take into account safety issues for each activity.
describe how net profit of a business is calculated?
Answers
Answer:
u must work out the total cost and variable cost and add them up, then you must count all your sales and figure out ur revenue. then u do ur total revenue minus ur total costs
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The formula to calculate profit is: Total Revenue - Total Expenses = Profit. Profit is determined by subtracting direct and indirect costs from all sales earned. Direct costs can include purchases like materials and staff wages. Indirect costs are also called overhead costs, like rent and utilities.
For businesses, profit is often calculated by profit margin formula:follow me nice business
A soft drink manufacturing company is trying to venture into the Middle-Eastern market. They are conducting market research with regard to their target customers and their
preferences. They have to be mindful of the mindset and beliefs of the people to penetrate the market.
When advertising they have to employ the___________
advertising tool
Answers
Answer:
The answer is Direct Marketing Tool
Explanation:
Direct marketing is a form of push advertising that uses fliers, coupons, direct mail, email, social media, television infomercials with callback numbers, telemarketing and door-to-door visits to bring products and services directly to customers.
Answer:
Direct Marketing
Explanation:
Consider the following demand curve for good X which is produced by Firm 1 and 2: Price= 100 minus 2 asterisk times Q subscript 1 minus Q subscript 2 The cost function for firm 1 is: Total Cost equals 2 asterisk times Q squared subscript 1 and the cost for firm 2 is: Total Cost equals 3 asterisk times Q squared subscript 2 If both firms agree to work together and maximize joint profits it would result in a market price of ______
Answers
The market price would be $75.5, if both firms agree to work together and maximize joint profits.
To find the market price, we need to first find the quantity demanded by adding the individual quantities demanded by Firm 1 and Firm 2.
Quantity demanded:
Q = Q₁ + Q₂
To find the joint profits, we need to subtract the total costs from the total revenue.
Total revenue:
TR = P * Q
TR = (100 - 2Q₁ - 2Q₂) * (Q₁ + Q₂)
TR = 100Q₁+ 100Q₂ - 2Q₁² - 4Q₁Q₂ - 2Q₂²
Total cost:
TC = 2Q₁² + 3Q₂²
Joint profits:
π = TR - TC
π = 100Q₁ + 100Q₂ - 2Q₁² - 4Q₁Q₂ - 2Q₂² - 2Q₁² - 3Q₂²
π = -4Q₁² - 4Q₁Q₂ - 5Q₂² + 100Q₁ + 97Q₂
To maximize joint profits, we need to find the quantity that maximizes the joint profit function. Taking the partial derivative of the joint profit function with respect to Q₁ and Q₂ and setting it to zero, we get:
\(\dfrac{\partial \pi}{\partial Q_1}\) = -8Q₁ - 4Q₂ + 100 = 0
\(\dfrac{\partial \pi}{\partial Q_2}\) = -8Q₂ - 4Q₁ + 97 = 0
Solving these two equations simultaneously, we get Q₁ = 5 and Q₂ = 6.25
Substituting these values in the demand function, we get:
P = 100 - 2Q₁ - 2Q₂
P = 100 - 2(5) - 2(6.25)
P = 75.5
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If your lifestyle budget is fifty thousand dollars a year, selecting a career earning seventy-five thousand dollars a year will most likely allow you to meet your lifestyle budget
Answers
Answer:
True
Explanation:
If one budgets to spend 50 thousand per year for the kind of lifestyle he wishes for then estimating a higher amount than the projected amount or budget for his lifestyle would enable him comfortably live this lifestyle. This is because his budgeted amount-50k might not be exactly the amount or may increase as a result of inflation and so making provisions for any errors by looking for pay which adds 20k to his annual earnings would be very much needed to reach his lifestyle expenses
Im confused i need help
Answers
Answer:
don't answer it because it doesn't apply to you yet
Explanation:
Advise someone on the implications of CPA on businesses
Answers
Answer:
Impact of the CPA on businesses
The main function of the Consumer Protection Act now is to protect consumers against product liability. Protection against product liability means that consumers are protected if the product they purchase from you is defective and causes further damage.
Explanation:
Hope it helps! Correct me if I am wrong :>
what is the best free editing app for gamers?
Answers
the product owner's authority to change and update the product backlog is unlimited, except for: (choose the best answer) there are no exceptions; the entire organization must respect a product owner's decisions. items the scrum master has identified as impediments. technical and architectural work that needs to be done first, as indicated by the chiefenterprise architect. decisions by the chief program manager. decisions by the cfo, the ceo or the board of directors. high impact changes that have not been approved by the change request board.
Answers
The product owner's authority to change and update the product backlog is unlimited, except for high-impact changes that have not been approved by the change request board. While the product owner has significant authority over the product backlog, they must still adhere to the organization's established processes for approving major changes.
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When Coca-Cola purchased first a part and then all of Honest Tea, what would have been appropriate ways to help this change be successful? Select all that apply. A: To the extent that Honest Tea began using Coca-Cola's payroll and expense reimbursement systems, train employees on these systems. B: Conduct team-building exercises to help groups of employees from Coca-Cola and Honest Tea communicate effectively and address conflict. C: Survey Honest Tea employees to identify sources of anxiety and conflict related to the acquisition. D: Use a change agent to freeze Honest Tea's very successful culture before Coca-Cola could have any impact.
Answers
Answer:
The most applicable choices in the order of importance are
C, B then A. Of course, they have to be applied at various stages of the acquisition.
Explanation:
C should have occurred (if possible) before the acquisition. Usually, when there is a major acquisition such as the one described above, it comes with good and bad tidings.
In some cases, especially one involving a large and efficient system like Coca-Cola, many positions become redundant.
In other cases, people are worried if their compensation will be affected. There are usually questions such as:
Will my compensation be reviewed upwards or, downwards?Will my insurance or 401K be affected adversely? e.t.c.Thus, executing a survey of Honest Teas' employees to identify such sources of anxiety and conflict related to the acquisition with the goal to address them constructively, will help the change to be successful.
Option B is one strategy that ought to have been executed upon the conclusion and official announcement of the acquisition exercise. This is the most crucial and maybe the most important part of the acquisition/takeover process.
This is true especially if there is going to be changes in management, communication styles, and the culture. Other benefits of team building excercises are, it increases and or improves:
ProductivityMoraleStaff Motivation andCommunication all of which are critical to the success of any organisation.Option C: On the balance of probability, it is expected that when a bigger company like Coca-Cola acquires a smaller one, the process comes with a lot of benefits. One of such benefits is the payroll upgrade.
After all is said and done, it will serve to boost the motivation and morale of the staff if Honest Tea began to use Coca-Cola's payroll which is likely to be more robust.
Because Cocal-cola is an older, more experience and more global company, it is more likely to have more efficient reimbursement systems. If these are inculcated into the Honest Tea process, with adequate training on how to use it, it will also serve to ensure homogeneity of systems and operations which is critical to the success of an acquisition.
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A turnkey project includes Multiple Choice government investment. construction up to but not including actual production. direct selling. management expertise and training.
Answers
A turnkey project includes construction up to but not including actual production. Option B. This is further explained below.
What is construction?Generally, construction is simply defined as the process of erecting a building.
In conclusion, The building process, but not the manufacturing itself, is included in a turnkey project.
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Khalifa’s friend, Khalid, has told him that managing the finances of the business is very important.
Q1a. What are fixed costs?
Q1b. What are variable costs?
Q1c. What is revenue?
Q1d. Explain the difference between revenue and profit.
Answers
Answer:
Fixed costs are usually negotiated for a specified time period and do not change with production levels. ... Examples of fixed costs include rental lease payments, salaries, insurance, property taxes, interest expenses, depreciation, and potentially some utilities.Variable costs are dependent on production output. ... Examples of variable costs are sales commissions, direct labor costs, cost of raw materials used in production, and utility costs. The total variable cost is simply the quantity of output multiplied by the variable cost per unit of output.Fees earned from providing services and the amounts of merchandise sold. Examples of revenue accounts include: Sales, Service Revenues, Fees Earned, Interest Revenue, Interest Income. ... Revenue accounts are credited when services are performed/billed and therefore will usually have credit balances.Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations. ... Profit is the amount of income that remains after accounting for all expenses, debts, additional income streams, and operating costs.Explanation:
If an entrepreneur can establish a strong and trustworthy management team, then the
risk might be avoided.
O compliance
O financial
strategic
operational
Mark this and return
Ne
Answers
Answer:
operational
Explanation:
bc it is
If an entrepreneur can establish a strong and trustworthy management team, then the operational risk might be avoided. Thus option D is correct.
What is Team?When a group of people come together in an official setting and in a disciplined manner to achieve the common objective of business with individual roles and shared responsibilities representing teams.
A strong and trustworthy management team helps in better controlling and coordinating events which help to avoid operational risk and helps in producing efficient results with productivity.
The enforcement of laws safeguarding the environment and employees helps to reduce compliance risk, and building a stable number of clients helps in reducing financial risk.
Therefore, option D operational is appropriate.
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Find a company that has dramatically turned around its fortunes and improved its performance. Determine whether a transformational manager was behind the turnaround and, if one was, what this manager did. Answer in detail
Answers
One example of a company that has dramatically turned around its fortunes and improved its performance is Apple Inc. In the late 1990s, Apple was struggling and facing a decline in market share. However, under the leadership of Steve Jobs, a transformational manager, the company experienced a remarkable turnaround.
One of the key things that Steve Jobs did was to refocus the company on innovation and design. He introduced groundbreaking products such as the iMac, iPod, iPhone, and iPad, which revolutionized their respective industries. Jobs had a clear vision of creating products that were not only technologically advanced but also aesthetically pleasing and user-friendly.
Another significant step taken by Jobs was to streamline and simplify Apple's product line. He eliminated many redundant and underperforming products, focusing instead on a select few that had the potential for massive success. This allowed Apple to concentrate its resources and efforts on creating exceptional products that consumers would love.
Jobs also recognized the importance of creating a strong brand image for Apple. He emphasized the company's commitment to innovation, excellence, and simplicity, which resonated with customers worldwide. This strategic branding approach helped Apple differentiate itself from its competitors and attract a loyal customer base.
The dramatic turnaround of Apple Inc. can be attributed to the transformative leadership of Steve Jobs. His focus on innovation, design, product simplification, and branding played a vital role in improving the company's performance and restoring its fortunes.
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Which education and qualifications are especially useful for Lodging careers? Check all that apply. Activity-planning skills food preparation skills motivational skills physical strength teaching skills professional appearance hospitality certification attention to detail
Answers
The education and qualifications that are especially used for the lodging careers include:
physical strength professional appearance hospitality certification attention to detailWhat are lodging careers?The word lodging means to lodge and refers to the guest rooms, public areas, and grounds.
The lodging careers include those that have standards and those that ensure the quality of service are provided to the clients. This carer includes physical strength, professional appearance, and attention to all details.
Find out more information about the Lodging careers.
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Answer:
D.
F.
G
H.
Explanation:
Victor Lorenz realizes that he needs a new car, so he has read through Consumer Reports and has visited selected dealerships to gather more information. According to the steps involved in a purchase decision, he is ready to
Answers
Available Options Are:
A) weigh the various options that have come to light.
B) make a choice.
C) acknowledge that a problem exists.
D) look for information that may include brand names and product characteristics.
E) acquire the car.
Answer:
Option A. Weigh the various options that have come to light
Explanation:
Victor Lorenz is in the phase of option analysis which is weighing each available options to find the best option and opt it. The customer analyzes the features, capabilities, financial and non financial implications of the product and then take decision to choose the right one. Usually knowledgeable customers have this attitude and their choices are far much better as they research for better options to opt.
Compare capitalism,socialism, and communism as to (a) how each allocated scarce resources among alternative wants and (b) the existence of private property.
Answers
Answer:
In a purely capitalistic economy, resources are allocated based on the interests of both suppliers and consumers. The allocation of resources should be more efficient since the ultimate goal of businesses is to make a profit by satisfying consumers' preferences. Private property is one of the fundamental pillars of capitalism.
In a socialist economy, an elected government is responsible for allocating resources that should best satisfy the needs of the people that they rule over. Socialistic theories are supposed to be a superior state of capitalism, where everybody should share and enjoy resources but based on their individual contributions. I.e. if you work harder, you should be able to enjoy more resources. Socialist theories recognize individual private property but productive capacity is a common good. E.g. the world in Start Trek is a socialist world.
Communism shares several similarities with socialism, but it differs in some of its basic principles. Communism does not recognize elected governments, e.g. China, North Korea, etc., or have pseudo democracies like the former Soviet Union (currently Russia) and Cuba. Resources are shared by everyone but based on individual needs, not individual contributions. E.g. a person that doesn't work at all could need more things than others that work, and therefore, should receive more resources. Everything is owned and distributed by the government, so theoretically private property doesn't exist. Communism abolishes religion and social classes, while socialism allows religion and still recognizes different social classes.
In real life, there is no purely capitalistic or purely socialist country in the world. Some developed economies lean towards socialism (most European nations and Canada) while others lean more towards capitalism (the US). Communism used to exist in the world, e.g. former Soviet Union, China, Cuba, etc., but even those countries currently recognize private property, although the governments still play a significant role in the economy and resource allocation. But they cannot be considered democracies either.
Which of the following is not a reason that women have traditionally received less pay for doing the same work as men?
Women have been encouraged to pursue careers in lower paying fields such as teaching and nursing.
Some employers have assumed that women are not as interested in career advancement as men.
Women are not as willing to work as hard or as long as men in order to advance in their careers.
Overall, women have had less education, training, and experience in certain occupations than men.
Answers
Answer:
Women are not as willing to work as hard or as long as men in order to advance in their careers.
Explanation:
How accounting transactions are recorded will vary depending on the entity perspective taken. This statement is.
Answers
This statement is True.
What are Accounting Transactions? Any business activities that have an impact on the financial statements and status of the organization are considered accounting transactions. Essentially, an accounting transaction is any exchange of money. To keep track of their money, businesses record these transactions in a variety of methods, such as spreadsheets or invoices.External transactions and Internal transactions are the two different types of accounting transactions based on institutional relationships.The double-entry technique of bookkeeping is a method for recording accounting transactions where each entry to one account requires an opposing input to a different account, providing balanced journal entries. A debit and a credit are the two equal and equivalent sides of a double-sided journal entry. It will make sure that total debits and total credit are always equal.To learn more about accounting transactions, refer to:
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Becky makes $8.75 an hour plus benefits, which are an additional 13.5%.
How much does Becky make per hour including benefits? *
$9.20
$
O $9.95
O $9.93
O $8.88
Answers
Answer:
$9.93
Explanation:
Becky makes $8.75, the benefits are 13.5 % of $8.75.
Including benefits, Becky makes
=8.75 + ( 13.5 /100 x $8.75)
=$8.75 (0.135 x $8.75)
=$8.75 + $1. 18125
=$9.93125
=$9.93
At what age can you start working?
Answers
Answer:
Explanation:
depends on where you live
Explanation:
It really depends on the jobs and requirements but you can USUALLY do small work like walking a dog or babysitting at 13-14
The units of an item available for sale during the year were as follows: Jan. 1 Inventory 11 units at $41 $451 Aug. 13 Purchase 17 units at $44 748 Nov. 30 Purchase 18 units at $46 828 Available for sale 46 units $2,027 There are 28 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a. First-in, first-out (FIFO) $ b. Last-in, first-out (LIFO) $ c. Weighted average cost $
Answers
Answer:
A. $1,620
B.$1,199
C. $1,234
Explanation:
A. Calculation to Determine the inventory cost using the first-in, first-out (FIFO) method
First in first out = (18*46+18*44)
First in first out =$828+$792
First in first out =$1,620
Therefore the inventory cost using the first-in, first-out (FIFO) method is $1,620
B. Calculation to determine the inventory cost using the last-in, first-out (LIFO) method
Last in first out = (11*41+17*44)
(11-28=17)
Last in first out =$451+$748
Last in first out =$1,199
Therefore the inventory cost using the last-in, first-out (LIFO) method is $1,199
C.Calculation to determine the inventory cost using the Weighted average cost method
Weighted average = ($2,027/46)*28
Weighted average =$44.0652*28
Weighted average =$1,234
Therefore the inventory cost using the Weighted average cost method is $1,234
If the minimum wage exceeds the equilibrium wage, then.
Answers
Answer:
The quantity demanded of labor will exceed the quantity supplied.
Explanation:
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