sarah owns a small flower shop and the industry is perfectly competitive. she is considering whether or not to hire an additional worker. the wage rate for the worker is $500 per week; the marginal product of the additional worker would be 100 units per week; and the price of the units produced is $10 per unit. what should sarah do?
Answers
The marginal product of an additional worker, if paid $500 per week, is 100 units per week, with a cost of production of $10 per unit. Because the value of the marginal product exceeds the pay, the good hire the additional worker.
When recruiting new employees, the marginal product of labor is often positive, although it seldom exhibits continuous returns. As the number of workers rises, the MPL will always start to slow; as a result, sharing of resources like machinery is required during the manufacturing process.
As additional employees are hired, they can divide up the various duties and specialize. The overall product increases at an increasing rate as the marginal product rises.
Up to the point that labor's marginal product exceeds the pay rate, a profit-maximizing company will add workers. The company should increase hiring if the marginal product of labor exceeds the pay rate until the two quantities are equal.
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Related Questions
A teacher used distortion goggles, which shifted the wearer’s gaze 20 degrees, to demonstrate an altered perception. A student wearing the goggles initially bumped into numerous desks and chairs while walking around, but chose to wear the goggles for a half hour. After 30 minutes, the student was able to smoothly avoid obstacles, illustrating the concept of.
Answers
After 30 minutes, the student was able to smoothly avoid obstacles, illustrating the concept of Perceptual Adaptation. Thus the correct option is A.
What is perception?A perception is referred to as an opinion formed by an individual based on the situation that occurs in front of them. This perception is based on their understanding of what they see and interpret.
Perceptual adaptation emphasizes the body's ability to adjust to its environments by passing through disturbances. It can modify awareness in response to the data being received, improving coding effectiveness and improving classification at the modified level.
Therefore, option A is appropriate.
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The complete question is probably
A teacher used distortion goggles, which shifted the wearer's gaze 20 degrees, to demonstrate an altered perception. A student wearing the goggles initially bumped into numerous desks and chairs while walking around, but chose to wear the goggles for a half hour. After 30 minutes, the student was able to smoothly avoid obstacles, illustrating the concept of
answer choices
Perceptual Adaptation
Visual Interpretation
Sensory Restriction
Perceptual Constancy
Binocular Cues
Which examples demonstrate common qualifications for Security and Protective Services careers? Check all that apply.
Brooke negotiates with the prison inmates she supervises.
Ami is comfortable working alone and making decisions in her work as a Private Detective.
Reed thinks of creative solutions for defending a client in court.
Vincenzo attends college for many years and earns a juris doctor degree.
Shameka watches for unusual activities and signs of danger as she guards a bank building.
Teddy is a Lifeguard who uses his strength to pull a person out of the water.
Answers
Answer:
2,5,6
Explanation:
Ami,shameka,teddy
Answer:
2,5,6
Explanation:
What are some of the problems associated with using GDP per capita to compare the quality of life among countries? Check all that apply.
A) GDP per capita is not correlated with quality of life.
B) GDP per capita does not measure the income distribution within the country.
C) Fluctuating exchange rates may misrepresent the actual differences in the value of goods and services produced.
D) The estimates of GDP per capita in less-developed countries tend to have greater measurement errors than those from industrially advanced countries
Answers
GDP per capita does not measure the income distribution within the country. Fluctuating exchange rates may misrepresent the actual differences in the value of goods and services produced. Option B, C and D are correct.
These are some of the problems associated with using GDP per capita to compare the quality of life among countries. GDP per capita is a measure of the total economic output of a country divided by its population, and while it can provide a rough estimate of a country's economic performance, it doesn't account for income inequality within a country, exchange rate fluctuations, or measurement errors in less-developed countries.
Therefore, it may not accurately reflect the quality of life of the average person in a given country. Option B, C and D are correct.
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how many tines in earth does the sun intersect equartor
Answers
Answer:
два
Explanation:
a company is following a standard messaging framework to organize its marketing messages and is ready to address its primary message. what framework should it follow to create its elevator pitch?
Answers
The company should follow the AIDA framework to create its elevator pitch.
The AIDA framework is a commonly used marketing communication model. It helps structure marketing messages in a way that grabs the attention of the target audience, generates interest in the product or service, creates desire for it, and prompts action.
To create an elevator pitch using the AIDA framework, the company should start by capturing the listener's attention with a compelling opening statement or question. Then, they should focus on generating interest by highlighting the unique features or benefits of their product or service. Next, they should create desire by demonstrating how their offering can solve a specific problem or meet a specific need. Finally, they should end with a strong call-to-action, prompting the listener to take the next step, such as scheduling a meeting or making a purchase.
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Which would be classified as a situation where a third party benefits from a market transaction by others?
Answers
A situation where a third party benefits from a market transaction by others is known as an externality.
An example of this is when a factory produces goods that benefit consumers, but the factory also releases pollution that harms the environment and nearby communities. The factory is not paying for the negative effects of their actions, but others are being negatively impacted without compensation.
This is known as a negative externality. On the other hand, a positive externality would be a situation where a homeowner improves their property and increases the value of neighboring properties without receiving compensation for their actions.
In both cases, a third party is benefiting or being harmed without directly participating in the transaction. These externalities can have significant economic and social impacts, and policies may be implemented to address them.
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Why should you check the spelling by reading a document even if you used Writer's Spell Check feature? A. The Spell Check dictionary is usually out of date. B. Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word. C. Spell Check only checks the first half of a document, so you have to check the rest yourself. D. The Spell Check suggestions are always wrong.
Answers
Answer:
B) Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word.
Explanation:
Which is the preferred method of payment for making a hotel room reservation?
Answers
T/F. The net change column of a stock listing shows the cash dividend per share for the year, listed in dollars and cents.
Answers
False. The net change column of a stock listing shows the change in price per share of a particular stock, usually from the previous day's closing price. It does not typically show information related to cash dividends. Cash dividends are typically announced by the company and paid out to shareholders on a per share basis, but this information would not be included in the net change column of a stock listing.
Instead, information regarding cash dividends would typically be found in a separate section of the stock listing, or in a company's financial statements. The cash dividend per share for the year would be the total amount of dividends paid out by the company divided by the total number of outstanding shares. This information would typically be listed in dollars and cents per share, as it represents the amount of money that each shareholder is entitled to receive for each share they own.
Overall, while the net change column of a stock listing is an important indicator of a stock's performance, it does not provide information regarding cash dividends or other financial metrics related to a company's financial performance. Investors who are interested in these types of metrics will need to consult other sources of information, such as financial statements, annual reports, and dividend announcements.
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Which of the following gas satisfaction measures wWhich of the following gas satisfaction measures would Be this for a company to use if they want to estimate how many customers might recommend them to their friends?
CES
CSAT
PSC
NPS
Answers
Answer:
Simple Random Sample
Explanation:
In the absence of a specific contract provision regarding the details of payment, the UCC provides that payment be made in full:A) within 10 days of the time and place that delivery occurs.B) within 20 days of the time and place that delivery occurs.C) within 30 days of the time and place that delivery occurs.D) at the time and place that delivery occurs.
Answers
Answer:
Correct Answer:
D) at the time and place that delivery occurs.
Explanation:
When there is no available specific contract provision between two or more individual over a business transaction, there will be difficulty in keeping track of the payment and it subsequent structuring. To overcome this, there is need to make payment at the time and place the delivery occurs.
if your manager tends to switch between the managerial grid styles and the switching seems to be based on what is best for their political positioning and career interests. according to the text, what would this be called?
Answers
If your manager tends to switch between the managerial grid styles and the switching seems to be based on what is best for their political positioning and career interests. this would be called Dynamism
What does the management term "dynamic" mean?The capacity to support process change by any role, at any time, with very little latency, is referred to as dynamic business process management (BPM).
Organizational life inevitably includes political maneuvering. Employee organizational commitment, job happiness, and performance are all negatively impacted in organizations driven by unhealthy levels of political behavior, and levels of job anxiety and depression are also increased.
Note that the process of continuously bolstering resources and improving staff performances is referred to as organizational dynamics. It can also be defined as the way in which a company fosters, supports, and maintains strategic management, better business practices, and organizational learning.
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See full question below
If your manager tends to switch between the managerial grid styles and the switching seems to be based on what is best for their political positioning and career interests. what would this be called?
Anti-stagnationism
Dynamism
Paternalism
Opportunism
2. Mr Ralston, a retired postal worker, took his trolley to the check-out at Tip-Top Supermarket. When the cashier started to enter his purchases in the cash-register, Mr. Ralston realized that he had forgotten his wallet at home and stopped the cashier from tallying his groceries. The cashier called his supervisor and reported the incident. The supervisor insisted that Mr Ralston had committed himself to purchasing the groceries and was obligated to pay for the goods. Furthermore, he threatened to take legal action against Mr Ralston if payment was not immediately forthcoming for the items bought.
a. i. Did Mr Ralston’s action constitute a contract?
ii. Give ONE reason to support your view.
b. Describe TWO essential features of a simple contract which should be taken into account
in this case.
c. i. State whether the supervisor would be likely to succeed should he proceed with
legal action.
ii. Discuss whether top management is likely to agree with the supervisor’s position.
Can someone please help me with this. Thank you!
Answers
Mr Ralston’s action didn't constitute a contract in this case,since he hasn't taken the goods away and the groceries haven't been tallied.
What is a contract?It should be noted that a contract simply means an agreement between private parties that's enforceable by law.
In this case, Ralston’s action didn't constitute a contract in this case,since he hasn't taken the goods away and the groceries haven't been tallied.
The features of a contract that should be taken into consideration include acceptance and internation to create legal relations.
The supervisor would not likely succeed should he proceed with legal action.
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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
Answers
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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Describe the internal control issue in the following situation. The mail clerk opens the mail, records the receipts, and turns this record and the receipts over to the bookkeeper, who deposits the receipts in the bank. The bookkeeper then records the receipts in the customer accounts.
Answers
The internal control issue in the situation with the mail clerk opening the mail and recording the receipts, and the bookkeeper recording the deposits, is Segregation of Duties.
What is the Segregation of Duties internal control ?The procedures, checks, and balances that must be put in place when a business expands are known as internal controls. Any component of your business, from IT to human resources, can be related to internal controls.
One important internal control is the separation of duties, which prevents employees from being able to commit fraud or errors while also covering them up while performing their regular duties.
The idea that managing a firm shouldn't be the responsibility of one person forms the cornerstone of segregation of roles. No one individual should be in charge of any task that could result in fraud or other illegal activities that could hurt the business.
This is why the mail clerk and the bookkeeper should not be doing the number of tasks that they do.
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Teams have better communication than other workers because they get to
a. Know each other better
b. Attend commurication seminars
C. Earn extra benetits packages
d. Use better telephones
Answers
1. The person who operates a business
under the name of the owner.
Answers
Answer:
Franchise
Explanation:
A franchise is someone who uses the name, logo and design of an existing company. I think it's the same thing
Anyone who has the power to sway or persuade others, especially via their opinions and posts on a specific topic, market or industry, is known as a/an:
А
sharer
B
participant
С
contributor
D
influencer
Answers
Question 1 (1 point)
Loan 1:
Loan Amount: $ 10,000.00
Loan Term: 12 months
Interest Rate: 12%
Upfront Fees: $ 125.00
Payment: $ 888.49
What is the total amount of payments for Loan 1? $10,786.88
Blank 1:
$10,786.88
Question 2 (1 point)
Using the information from question one, what is the total cost of Loan 1? $
Blank 1:
$
this one too
Loan 2:
Loan Amount: $ 10,000.00
Loan Term: 24 months
Interest Rate: 12%
Upfront Fees: $ 125.00
Payment: $ 470.43
What is the total amount of payments for Loan 2? $5,770.16
Blank 1:
$5,770.16
Using the information from question 3, what is the total cost of Loan 2?
only answer the question that ask the total cost
Answers
In a loan, a certain quantity of money is given to another person in exchange for the value or main amount being repaid at a later date.
What is Loan ?In many circumstances, the lender increases the principal value by adding interest or finance charges, which the borrower must pay in addition to the principal sum.
A loan is a type of debt that a person or other entity incurs. The lender advances the borrower a certain amount of money, typically on behalf of a business, financial institution, or government.
The borrower accepts a specific set of terms in return, which may include any finance charges, interest, a repayment schedule, and other requirements.
Computation of Cost of loan
Loan Amount: $ 10,000.00
Loan Term: 24 months
Interest Rate: 12%
Upfront Fees: $ 125.00
Payment: $ 470.43
Cost of Loan
\(Cost of loan = Monthly Payment * months + fees \\ = 470.43 *24 months + 125\\ = 11,290.32 +125\\\\ = 11,415.32\\ Cost of loan = 11,415.32 - 10000\\ = 1,415.32\\\)
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Which type of skills can help you determine what your customers want?
A. Speaking skills
B. Writing skills
C. Listening skills
D. Math skills
Please select the best answer from the choices provided A B C D
Answers
Answer:
C. Listening skills
Explanation:
By listening to a customer, you can determine what they want.
Improving listening skills can help you better understand and help customers.
I hope this helps.
Answer: C edge 2021
Explanation:
ur a real one :)
Tom Lewis, an individual taxpayer, performs services for the Red Cross at an out-of-town location for three weekends during the year. There was no significant element of personal pleasure for Tom on these weekend trips. He incurred the following expenses in relation to these trips: Special uniform worn while performing services $100 Meals and lodging while on weekend trips 300 How much of the expenses may Tom deduct as a charitable donation on his Schedule A (itemized deduction) form (assuming that he can fully itemize and deduct all such expenses)
Answers
Answer:
The amount of the expenses that Tom may deduct as a charitable donation on his Schedule A is $400.
Explanation:
Since Tom's weekend trips were devoid of any significant element of personal pleasure and assuming that he can fully itemize and deduct all expenses incurred, the total amount of the expenses incurred in relation to the trips may be deducted by Tom as a charitable donation.
Therefore, we have:
Amount deductible as a charitable donation = Special uniform worn while performing services + Meals and lodging while on weekend trips = $100 + $300 = $400
Therefore, the amount of the expenses that Tom may deduct as a charitable donation on his Schedule A is $400.
if the average price of a three-bedroom house was $80,000 in 1950 when the cpi was 15.2, what would it cost in 2017 after correcting for inflation if the cpi in 2017 was 207?
Answers
The price of a three-bedroom house in 2017 after correcting for inflation would be approximately $1,089,472.To calculate the inflation-adjusted price of a three-bedroom house in 2017, we need to use the inflation rate formula.
First, we divide the CPI in 2017 by the CPI in 1950 to get the inflation rate:
Inflation rate = (CPI in 2017 / CPI in 1950) x 100
Inflation rate = (207 / 15.2) x 100
Inflation rate = 1361.84%
This means that prices have increased by 1361.84% from 1950 to 2017. To find out the inflation-adjusted price of a three-bedroom house in 2017, we need to multiply the 1950 price by the inflation rate:
Inflation-adjusted price in 2017 = 1950 price x inflation rate
Inflation-adjusted price in 2017 = $80,000 x 1361.84%
Inflation-adjusted price in 2017 = $1,089,472
Therefore, the inflation-adjusted price of a three-bedroom house in 2017 would be $1,089,472 if the average price in 1950 was $80,000, and the CPI in 2017 was 207.
Hi! I'd be happy to help you with your question. To find the cost of a three-bedroom house in 2017 after correcting for inflation, you can use the Consumer Price Index (CPI) formula:
Cost in 2017 = (Cost in 1950) * (CPI in 2017) / (CPI in 1950)
Step 1: Note down the given values
- Cost in 1950: $80,000
- CPI in 1950: 15.2
- CPI in 2017: 207
Step 2: Plug the values into the formula
Cost in 2017 = ($80,000) * (207) / (15.2)
Step 3: Calculate the result
Cost in 2017 = $80,000 * (13.6184)
Step 4: Find the final price
Cost in 2017 = $1,089,472
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Tracking a website you visit and compiling information could be an example of _____.
Answers
Answer:
ISP
Explanation:
Internet Service Providers (ISPs) can see everything you do online. They can track things like which websites you visit, how long you spend on them, the content you watch, the device you're using, and your geographic location.
Using the data provided, what production quantity would represent output optimization for this firm? 95 80 25 70 100
Answers
For this firm, 80 production units would represent output optimization using the data provided.
How Does Optimization Work?Making a trading system more efficient through optimization entails changing the technical analysis variables. By lowering specific transaction costs or risks or by focusing on assets with higher expected returns, a trading system can be made more efficient.
The most smart organizations use commercial real estate optimization to reduce their occupancy expenses and boost the ROI on both their owned and leased buildings.
What companies use optimization?Statistical optimization has been used by many companies, including Microsoft, Walmart, Uber, FedEx, Air France, and the National Football League, to improve resource utilization and realize major operational and financial gains.
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when a channel member bypasses another member and sells or buys product directly, this is termed:
A) disintermediation
b) dual distribution
c) electronic marketing channels
Answers
When a channel member bypasses another member and sells or buys a product directly, this is termed disintermediation.
Option (b) is correct.
Disintermediation is the process of eliminating intermediaries or middlemen from a supply chain or distribution channel. In the context of marketing channels, it refers to a situation where a channel member, such as a retailer or wholesaler, is bypassed and the manufacturer or supplier sells or buys the product directly to or from the end customer.
Disintermediation can occur due to a variety of reasons, such as the increasing popularity of e-commerce platforms, which allow manufacturers and suppliers to sell their products directly to customers without the need for intermediaries. Disintermediation can have both positive and negative impacts on channel members, depending on their position and role within the channel. It can lead to increased efficiency and cost savings, but it can also lead to channel conflict and the loss of business for intermediaries who are bypassed.
Therefore, option (b) is correct.
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A medium-term goal takes _____ to accomplish. a. 1-2 months b. 1-2 years c. 1-5 years d. 5-10 years Please select the best answer from the choices provided A B C D
Answers
Answer:
C
Explanation:
For the accomplishment of a medium-term goal, it takes a time period of almost 1-5 years. Hence, Option C is correct.
What is a medium-term goal?An individual or a group of people set certain goals in life. These goals can be of any type like short-term, medium-term, or long-term. All these time periods depend upon the type of task that is set under the achievement sector. As per the names, it can be understood that it also has a different time duration. For the short term, it can be either a day, a week, or a month or it can be a year.
In the context of the medium-term, the time period can be of one year to five years and for the achievement of a long-term goal, it is more than five years. For instance, if a person wants to get a graduation degree, then they have to pursue the course for a time period of three to four years, for paying a car loan or an education loan, one has to set a medium-term goal.
Thus, Option C is correct.
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Explain why financial management is an important aspect of a successful business .
Answers
Helps in improving the profitability of organisations; Increases the overall value of the firms or organisations; Provides economic stability; Encourages employees to save money, which helps them in personal financial planning.:
What is a business opportunity?
Answers
Answer:
a packaged business investment that allows the buyer to begin a business.
Explanation:
Please help me i’ll mark you brilliant
Answers
Explanation:
cash alc dr
to capital alc
to sales alc
furniture alc
Monopolistic competition has which drawback compared to a monopoly?
Answers
Answer:
Monopolistic competition has several drawbacks compared to a monopoly, but only from the point of view of the producers (for consumers, monopolistic competition will always be better than a monopoly).
Explanation:
In monopolistic competition, producers do have some market power, but much less than the market power that they have in monopoly.
This means that the mark up they can add to the price of their products is less than the mark up than can be added in a monopoly. This results in less profits from firms that are under monopolistic competition.
Another drawback is a smaller market share due to higher competition. In a monopoly, a particular producer is the sole seller of a good that has no close substitutes. In monopolistic competition, there are many firms selling a good that is not homogeneous, but that does have somewhat similar substitutes.