suppose at her current level of consumption, a person enjoys eating fruit three times as much as eating yogurt. the price of a serving of fruit is $2 and the price of a yogurt is $1. assume she is spending all of her income on these two goods. is the person spending her income (for these two goods) in a manner that maximizes her utrity?
Answers
No, the person should increase fruit consumption but decrease yogurt's consumption.
What does income effect mean?The income effect is a change in an individual's or economy's income and how that change affects quantity demanded. For example, John Doe needs more product after a pay raise because he has more disposable income.
How do you know if the income effect is positive or negative?Common goods and services usually have a positive income effect. As income increases, so does demand. And when income falls, demand falls. If demand decreases as income increases, the good or service is likely to be inferior and is said to have a negative income effect.
What are the sources of income?Salary income, Interest income, Dividend income, Profit income, Income from capital gains, rental income, Income from royalties.
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Related Questions
In the United States, ____ account for the largest share of ton-miles and ____ account for the majority of freight revenues.
a. rails; rails
b. trucks; trucks
c. trucks; rails
d. rails; trucks
Answers
In the United States, trucks account for the largest share of ton-miles and rails account for the majority of freight revenues. So, the correct answer is option c.]
Trucks are responsible for transporting a significant portion of goods across the country, covering more miles and carrying diverse types of cargo. This contributes to their larger share of ton-miles. However, rail transportation is more efficient for larger and heavier cargo, particularly over longer distances.
As a result, rail freight tends to generate higher revenues. Both truck and rail transportation play a vital role in the US freight industry, serving different needs and supporting the country's economy. The correct option is c.
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The weekly output of a fabrication process is shown below, together with data for labor and material inputs. Standard selling price is $125 per unit. Overhead is charged weekly at the rate of $1,500 plus. 5 times direct labor cost. Assume a 40-hour week and an hourly wage of $16. Material cost is $10 per foot. What is the average multifactor productivity?.
Answers
From the weekly output given, the average multifactor productivity will be 1.447.
How to calculate the average multifactor productivityFrom the complete information, the following can be deduced:
Week 1:
Input cost = 35660
Output cost = 51500
Week 2:
Input cost = 31800
Output cost = 45500
Week 3:
Input cost = 33500
Output cost = 49000
Week 4:
Input cost = 35160
Output cost = 51000
Total input cost:
= 35660 + 31800 + 33500 + 35160
= 136120
Total output cost:
= 51500 + 45509 + 49000 + 51000
= 197000
Average multifactor productivity
= Output / Input.
= 197000 / 136120
= 1.447
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True or false? Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about building out a detailed plan.
Answers
Answer:
ture
Explanation:
technology is here to solve your problems
Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about building out a detailed plan, this statement is true.
What is technology?Technology is the development, application, and knowledge of tools, techniques, skills, systems, or administrative procedures used to address a challenge or further a certain objective. Business Models for the Digital Economy.
The primary goal of technology, which combines tools to promote development, use, and information interchange, is to simplify work and find solutions to many of humanity's issues. We must underline the advantages of technology as it develops and continues to make our lives easier.
Hence, Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about creating out a detailed plan.
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On a personal level, as you begin looking for a job after you graduate, it will be critical for you to know how to
A) market value
B) communicate value.
C) deliver value
D) forecast value
E) explain value
Answers
Answer:
B) communicate value.
Explanation:
Employees are a cost to employers. An employer will consider hiring a new employee if they are convinced that the benefits from the employee outweigh the costs.
A fresh graduate will have to convince a potential employer that they are worth being hired. The graduates need to communicate the value they shall add to the business. The ability to communicate one's value is critical for a successful job hunting mission.
To examine
the weekly payroll of all employees, one would look at the:
Answers
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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if james asks team members to reply to each other within 24-hours during regular business hours, he would be instituting a(n)
Answers
James would be instituting a Team norm if he asks team members to reply to each other within 24 hours during regular business hours.
What is the term Team norm?The interactions between team members are shaped by a set of rules or guiding principles known as team norms. Team norms define what members of the team can expect from one another in terms of behavior, how the work will be completed, and how it will be done.
A standard based on the past average performance of a given individual. a standard based on the average performance of people of a given age, background, etc.
Trust must be developed in order for a team to succeed, and this is a key way to do it. The expected behavior of team members is made clearer by norms, which also help to avoid pointless conflict.
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EXCEL
Use Boolean (including AND/OR) Functions
Three criteria must be met for a loan to be approved.
1- the projected monthly mortgage amount must be less than 40%
of the applicant's monthly gross inc
Answers
The Boolean Functions can be written as follows:
PMT/Income < 0.4 Down >= 0.1 × LoanScore > 640"PMT OK?" AND "Down OK?" AND "Score OK?"Saving Account = "YES" OR AutoPay = "YES"To determine whether a loan is approved, we need to evaluate three criteria using Boolean functions. Let's break down the calculations for each criterion:
"PMT OK?" - This condition is met when the projected monthly mortgage amount is less than 40% of the applicant's monthly gross income. If PMT represents the monthly mortgage amount and Income represents the applicant's monthly gross income, the Boolean expression is: PMT/Income < 0.4."Down OK?" - This condition is met when the down payment amount is at least 10% of the loan amount. If Down represents the down payment amount and Loan represents the loan amount, the Boolean expression is: Down >= 0.1 × Loan."Score OK?" - This condition is met when the applicant's credit score is above the threshold level of 640. If Score represents the credit score, the Boolean expression is: Score > 640."Approved?" - This condition is met when all three criteria ("PMT OK?", "Down OK?", and "Score OK?") are true. The Boolean expression is: "PMT OK?" AND "Down OK?" AND "Score OK?"."Discount?" - This condition is met when the customer has a savings account with the credit union or agrees to have their mortgage payment paid automatically every month. This can be represented as Saving Account = "YES" OR AutoPay = "YES".By evaluating these Boolean functions, the loan can be approved if the "Approved?" condition is true, and a discount can be offered if the "Discount?" condition is true.
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The complete question is:
Use Bolean (including AND/OR) Functions
Three criteria a loan to be approved.
1- the projected monthly mortgage amount must be less than 40% of the applicant's monthly gross income. (PMT/Income)
2- the Down payment amount must be at least 10% of the loan amount.
3- the applicant's credit score cannot be below a threshold level (640).
- Approved? use AND function
- Discounted interest rate is offered to any customer who has a savings account with the credit union or is willing to have their mortgage payment paid automatically every month.
- Complete the: (Use Bolean/AND/OR) Functions)
1- "PMT OK?" - WHEN (PMT/Income) <40%
2- "Down OK?" - WHEN Down payment amount >= 10% of the loan amount
3- "Score OK?" - WHEN the applicant's credit score > a threshold level (640).
4- "Approved?" - WHEN "PMT OK?", "Down OK?", AND "Score OK?" ARE TRUE (use AND function)
5- "Discount?" - WHEN Saving account or AutoPay = "YES"
What does productivity measure for a business?
A. Its efficiency in creating its product
B. Its ability to generate capital investment
C. Its variety of products on the market
O D. Its share of a market compared to competitors
Answers
Answer:
A. Its efficiency in creating its product
Explanation:
Productivity describes various measures of the efficiency of production. Often, a productivity measure is expressed as the ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time
Productivity measure for a business: its efficiency in creating its product. Thus, option A is the correct option.
What is Productivity?The effectiveness with which products and services are produced can be referred to as production process productivity. The most common method for determining productivity is to compare an aggregate output with a single input or an aggregate input with an aggregate output over time. Productivity refers to how quickly someone completes a task.
It may be described as the pace at which a business or nation creates products and services (output), often assessed in relation to the quantities of inputs (labor, capital, energy, or other resources) utilized to generate those goods and services. One of the main drivers of economic expansion and competitiveness is productivity.
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On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.
Answers
Complete Question:
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720
Journalize the first interest payment and the amortization of the related bond discount using the Straight line method
Answer:
Kindly check Explanation
Explanation:
Given the following :
Face value of bond issued = $1,450,000
Cash received on Issuance = $1,408,720
Number of Interest payment on bond = 5 × 2 = 10(semiannual)
Therefore, discount on bond :
$(1,450,000 - 1,408,720) = $41,280
Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)
Discount / period
$41,280 / 10 = $4,128
Interest expense a/c Dr $40,378
To discount on bond payable a/c Cr $4128
To cash a/c $36,250
Which one of these business structures has one owner and is run by one
person?
A. Limited liability company
B. Partnership
C. Corporation
D. Sole proprietorship
Answers
Sole proprietorship is the one of these business structures has one owner and is run by one person. Hence, option D is correct.
What is Sole proprietorship?
A person who runs an unincorporated business alone is known as a sole proprietor. If you choose to treat a domestic limited liability company as a corporation, however, and you are the only member, you are not considered to be a sole owner.
Small enterprises like a neighborhood grocery store, a neighborhood clothing store, an artist, a freelance writer, an IT consultant, a freelance graphic designer, etc. are examples of sole owners.
A business that is owned, run, and controlled by one person is known as a sole proprietorship. A Sole Proprietor runs the business, reaps the financial benefits, and bears all risks and liabilities. It is appropriate for independently run businesses like hairdressers or small retail stores.
Thus, option D is correct.
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Which of the following is one of the primary responsibilities of the federal judicial branch?
Answers
Answer:
to judge if laws made by the legislative branch are constitutional
Explanation:
Answer:
to judge the constitutionality of laws
Explanation:
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUwho tfluff took my points
Answers
Answer:
Explanation:
i see u hiding yo word and btw it was not me
Alex
Info:
| 22 yrs old; pre-tax income
= $35,000; $0 savings;
saves $200/month
How much will
they need to
retire at age 67?
Answers
Answer:
hello your question lacks some vital information hence I will make valid assumptions to aid the solution
answer : $583333.33
Explanation:
22 yrs old
pre tax income = $35,000 per year
savings = $200/month
Determine how much you will need to retire at 67
lets assume : Interest rate = 6% per annum
annual withdrawable amount per year after retirement = $35,000
∴ amount to be saved up by 67 years = 35,000 / 6% = $583333.33
hence amount needed to retire at age 67
target amount = $583,333.33
interest rate = 6%
number of years = 67 - 22 = 45
savings per year needed = 583,333.33 / 45 = $12962.96
Note : saving $200 per month would not give the required amount needed to retire at age 67
The required monthly savings = 12962.96 / 12 = $1080.25
________ power is when one channel member threatens to punish or punishes another channel member for not undertaking certain tasks, such as delaying payment for a late delivery.
Answers
Coercive power is when one channel member threatens to punish or punishes another channel member for not undertaking certain tasks, such as delaying payment for a late delivery.
What is coercive power?The use of force, threats, and other forms of coercion to induce a response is known as coercive power.For instance, a boss who threatens to demote, fire, or suspend a misbehaving employee is using coercive power.A manager's capacity to compel an employee to follow instructions by threatening to discipline the employee if the employee disobeys the order is known as coercive power.The deployment of force is the most crucial idea concerning coercive power to comprehend.To learn more about coercive power. refer,
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Government regulations help balance negative externalities such as: Multiple Choice No smoking rules enforced to mitigate the effects of second-hand smoke. Gender controls over alcohol purchases and consumption. Drug testing at private businesses. Age restrictions for Social Security recipients.
Answers
Government regulations help balance negative externalities such as no smoking rules enforced to mitigate the effects of second-hand smoke.
What is negative externality?Negative externality is when the activities of producers or consumers negatively affect third parties not involved in production or consumption activities.
For example, smoking affects those who are not smoking. They are affected by the second-hand smoke. To prevent this, no smoking rules can be enforced.
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In ________ teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.
Answers
In self managed teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.
What is self managed team?Self-managed team includes group of people a that work together to render a service or to sell and produce a good.
They do not work under any manage or require managerial supervision.
Therefore, In self managed teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.
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From a neoclassical view, which of the following is a true statement? A) A surge in aggregate demand ends up as a rise in output, but does not increase price levels. B) Lower wages will cause an economy-wide increase in the price of a key input. C) The economy cannot sustain production above its potential GDP in the long run. D) Because wages are flexible, they are unaffected by high rates of unemployment.
Answers
From a neoclassical view, the true statement is:
C) The economy cannot sustain production above its potential GDP in the long run.
According to neoclassical economics, the potential GDP represents the maximum level of output an economy can sustain in the long run based on its available resources and technology. The neoclassical view suggests that if the economy operates above its potential GDP in the short run due to a surge in aggregate demand, it will eventually return to its potential level in the long run. This is because, in the long run, prices and wages adjust to restore equilibrium, and the economy operates at its natural level of output. The neoclassical perspective emphasizes the importance of market forces and price flexibility in guiding the economy towards its long-run equilibrium. Therefore, statement C accurately reflects the neoclassical view that sustained production above potential GDP is not feasible in the long run.
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Question 14 Montana Storage Company charges its high-usage commercial customers a lower rate per cubic foot used than other customers. This is an example of: a) peak-load pricing. b) customer-preference pricing. c) high-load pricing. d) price discrimination.
Answers
The example you provided, where Montana Storage Company charges its high-usage commercial customers a lower rate per cubic foot used than other customers, is an example of price discrimination.
Price discrimination occurs when a company charges different prices for the same product or service to different groups of customers based on their willingness to pay or other characteristics.
In this case, Montana Storage Company is offering a lower rate to its high-usage commercial customers, indicating that they are targeting a specific customer segment and adjusting their prices accordingly.
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How to raise money fast
Answers
Answer:
Ibenta ang kidney charot HAHAHHAHAHAHA
A study has found, among 100 students at a school, that enrollment in drama classes is correlated with high rates of participation in social-
service projects. What can we conclude from this correlation for this population?
O Both of the above
O Neither of the above.
O Drama classes cause increased volunteerism
Volunteering causes interest in drama,
Answers
Explanation:
Correlation does not lead to causation, no matter how strong the correlation may be. You'll need to do an experiment to see if one variable causes the other. There may be other factors that aren't being considered here. We consider these confounding variables.
An example of correlation doesn't lead to causation could be this: In the summertime, ice cream sales increase and the amount of sunburns increase. Both ice cream sales and sunburns are strongly positively correlated. Does eating ice cream cause a sunburn? The answer is "no" because clearly the sun is responsible for that. So the sun would be the confounding variable here. Specifically, the amount of sunlight exposure would be key here.
Productivity is an important goal for Clearwater Electronics. Like most productive organizations, Clearwater recognizes the contributions human resource management (HRM) can make to improve productivity through people. How can HRM best ensure that the work environment at Clearwater is one in which employees are productive and add value?
Answers
Answer:
HR managers can contribute by providing work organization and design that allow for an increase of output as well as quality
Explanation:
Define one key area of your daily life that would benefit if you learned to communicate better. Explain in detail how that key area would improve with better communication.
Answers
Answer:
if I learned to communicate better I would have more patience
Explanation:
if I were to communicate better I would have more patience with people it would help me understand other people's thoughts feelings and needs as well if I communicated my own thoughts feelings and needs it builds better relationships
WHAT ARE MANAGED SERVICE OPERATIONS?
Answers
How to inflate myself like a balloon
Answers
Answer:
get airget more air There you go :)get even more air I'll see you in the moon :0drink the air
baron contracted in writing to purchase a piece of land from weil for $35,000. before the sale was completed, weil died. must weil's executor go through with the sale? list all elements
Answers
Yes, the executor of Weil's estate must go through with the sale.
The elements required for a contract to be legally binding are:
1) Offer and acceptance;
2) Mutual consideration;
3) Capacity of the parties;
4) Legality of purpose; and
5) Mutual intent to be bound.
About the contractIn this case, Weil offered to sell the land for $35,000 and Baron accepted the offer; both parties exchanged mutual consideration, as Weil received $35,000 and Baron received the land; both parties had the legal capacity to enter into a contract; the purpose of the contract is legal; and both parties intended to be bound by the agreement.
Therefore, the executor of Weil's estate must go through with the sale.
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PLZ, I NEED THIS ANSWER ASAP CANT MOVE IN WITHOUT IT Dean is taking a personal assessment and notices that many of his interests involve the reading and creation of language arts and poetry. What career cluster will the assessment most likely indicate to be fitting for Dean? Technology Art and Performance Legal Public Service
Answers
Answer:
B -art and performance
Explanation:
Because, his interest were language arts and poetry and no other option even remotely, he resembles a similarity.
At the time of taking the personal assessment, the topics that will be covered by the Dean per their interest will cover the art and performance, which are based on the interests that he pursues. Hence, Option B is correct.
What is personal assessment?
A kind of test that is conducted by a higher authority or a psychologist for measuring the characteristics of a personality is known as the personal assessment. The data that is collected at the end of the test will be evaluated, and on the basis of that, further treatment will be given by the psychologist.
If the personal assessment is done by a higher authority like a dean or a teacher or a professor, then the result that is generated after the assessment will be used as a progress report for the student and would be suggested to practice in the area where there is need of the progress.
Thus, Option B is correct.
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"Professional education and vocational training are the foundation
for the overall development of a nation". Justify this statement with
suitable examples.
?
Answers
Answer:
Professional education and vocational training are the foundation for the overall development of a nation because, by training people in the different careers and jobs that they will develop throughout their lives, this in turn is generating a series of people specialized in different labor fields that will benefit from one or the other it shapes society as a whole. Therefore, through this specific education in labor matters, future progress and well-being are generated for citizens.
Your friend asks you, “How early do you think I should start saving and searching for scholarships and state aid?” What do you recommend? Why?
Answers
If my friend asks me about when He/She should start saving then I would suggest that the person should start saving when they have a salary in which they can completely afford their basic living,any surplus of the basic living should be saved.
Only a minimal of salary should be spent on luxuries, the person should start searching for scholarships when they are ready to go college and want the scholarship assistance.
State Aid should only be applied for if the person cannot afford their studies by doing job and when they are unable to secure any scholarship.
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vaughn's cvp income statement included sales of 5000 units unit selling price of 300, unit variable cost of 180 and fixed expenses of 150000. contribution margin is
Answers
If Vaughn's CVP income statement shows sales of 5,000 units with a selling price of $300, unit variable cost of $180, and fixed expenses of $150,000, then the contribution margin is $120 per unit.
The contribution margin represents the amount of revenue available to cover fixed expenses and contribute towards profit after deducting variable costs. To calculate the contribution margin per unit, we subtract the unit variable cost from the unit selling price.
Given:
Unit selling price = $300
Unit variable cost = $180
Contribution margin per unit = Unit selling price - Unit variable cost
Contribution margin per unit = $300 - $180
Contribution margin per unit = $120
The contribution margin of $120 per unit indicates that for each unit sold, $120 is available to contribute towards covering fixed expenses and generating profit.
It represents the amount that can be allocated to cover fixed costs, such as rent, salaries, and other expenses, while still leaving room for profit.
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