The total sum can be 20
Penny 1, nickel 5, dime 10, quarter 25, half-dollar (50), penny 1, nickel 5, dime 10, quarter 25, half-dollar (50), nickel (5), dime 10, quarter 25, half-dollar (50), nickel (5), dime (10, quarter 25, half-dollar (50), nickel (5), dime (10, quarter 25, half-dollar (50), nickel (5), dime (10, quarter 25, half-dollar (50), nickel (5), dime (10, quarter 25, half-dollar (50), nickel (5)
What is the denomination of 300 coins?Have a total of 300 coins in the denominations of 1/2 and 5, where the amount of 2 coins is three times that of 5 coins overall.
The quantity of Rs.2 coin are greater than the absolute coins.. There are 160 coins in total.
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Which of the following occurs when firm pressure is used to apply the stethoscope's bell endpiece to the skin?
a. It transmits low-pitched sounds.
b. It functionally converts to a diaphragm endpiece.
c. Assessment findings are more accurate.
d. Most sounds are occluded.
Option b. It functionally converts to a diaphragm endpiece. This is the correct answer.
What is firm in a business?
A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership.A firm is a type of commercial entity that aims to turn a profit by selling products and services. The words "firm" and "business" are interchangeable. Businesses can be organized in a variety of ways, such as sole proprietorships or corporations.Because his initial will is the only way his company may exist, the entrepreneur is regarded as the firm's owner. Furthermore, because his property is at risk, the entrepreneur, as the company's owner, is logically driven to run the business well.To learn more about firm refer to:
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Don Lieberman and Associates, a CPA firm, uses job order costing to capture the costs of its audit jobs. There were no audit jobs in process at the beginning of November. Listed below are data concerning the three audit jobs conducted during November.Lynn Brian MikeDirect materials $630 $440 $210Auditor labor costs $5,700 $7,260 $4,260Auditor hours 77 89 51Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $54 per auditor hour. The Lynn job is the only incomplete job at the end of November. Actual overhead for the month was $13,610.(a) Determine the cost of each job.CostLynn $Exercise 15-12Don Lieberman and Associates, a CPABrian $Exercise 15-12Don Lieberman and Associates, a CPAMike $Exercise 15-12Don Lieberman and Associates, a CPA(b) Indicate the balance of the Service Contracts in Process account at the end of November.Balance in service contracts in process account $Exercise 15-12Don Lieberman and Associates, a CPA(c) Calculate the ending balance of the Operating Overhead account for November.Balance in operating overhead account $Exercise 15-12Don Lieberman and Associates, a CPAClick if you would like to Show Work for this question: Open Show Work
CPA therefore mandates that they abide by the ethical standard through enforcement.
Peer reviews are periodic external reviews that serve as a gauge of an organization's quality assurance procedures in the fields of accounting and auditing. Additionally, the CPA company organized the critical assessment by other CPAs for this contract. The engagement is a peer review one. Thus, the same should be taken into account. The rationale is that CPA works to maintain its members' adherence to the moral standards that it wants chartered accountants to uphold. Most businesses give their clients access to both audit and non-audit services. This causes self reflection, familiarity, intimidation of the firm into accepting the offer, and threats against one's own interests. All of these risks prevent the audit report from being dependable because they slant the auditor's perspective. CPA therefore mandates that they abide by the ethical standard through enforcement.
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what are some ways that organizational structure can impact the role of a project manager? select all that apply.
A company's organizational structure may dictate the level of project management, who makes ultimate project decisions, the communication of project goals and tasks and how the project manager works with his team.
What is meant by organizational ?
A group of people who cooperate is known as an organization. Examples of such groups include unions, corporations, charities, and neighborhood associations.The term "organization" can be used to describe a person, a company, a group, or the process of creating something.Your productivity levels can rise.You may spend more time working on critical activities if you keep your space organized and spend less time seeking for stuff.Your team may become more productive by being more organized, which will help increase the communication between you and your staff.Being systematic and effective is what is meant by organization.The ability to efficiently manage your time and responsibilities is a sign of strong organizational abilities.To learn more about organizational refer to
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you decide to group employees based on what they know. what basis for grouping employees will you use?
As one have decided to group employees based on what they know. The type of basis for grouping employees, in this case, will be based on employee knowledge and skills.
What are bases for grouping employees?The bases for grouping employees are as follows:
Employee knowledge and skills: Employees are classified based on their knowledge; for example, pharmaceutical companies have departments such as oncology and genetics.Employees are classified according to their business function; for example, many organizations have departments of human resources, marketing, and research and development.Work process: Employees are classified according to the activities they perform; for example, a retailer may have separate retail store and online departments to reflect two distinct sales processes.Read more about employees
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during which stage in the management of a special project does a project manager develop a tentative calendar
During Planning stage in the management of a special project does a project manager develop a tentative calendar.
What does planning primarily mean?Setting up goals and objectives for a specific time period, coming up with alternatives for the course of action to be taken, and then selecting the best course of action among the different options are all parts of the planning process.
What kind of planning comes to mind?A mobile phone firm establishes the goal of selling 200,000 units, which is twice the amount currently sold, in the following year. The future is the main focus of planning, and a few occurrences are anticipated to have an impact on how policies are formed.
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mediaquant is a firm that tracks media coverage for each candidate and assigns a dollar value to it based on advertising rates. it evaluated the 2016 presidential campaign and concluded that donald trump received $4.96 billion in free media coverage, 60% of which came from the internet, including online news, blogs, forums, and social media. which statement best explains the significance of this campaign strategy? choose 1 answer:
The ideal course of action in the present situation is as follows: Bypassing dependency on political parties and platforms, social media enables candidates to personalise outreach to a new generation of voters.
Media coverage is any blog entries, RSS feeds, videos, or other forms of digital content created by individuals or organisations other than your own that include information on your business, its goods, or services.Through media coverage, the general public is exposed to your message, which also contributes to the development of brand trust. Positive press may be a highly valuable tool when customers decide whether to buy a product or service from you based on their web research.Events in business, sports, politics, crime, and editorials, columns, and political cartoons can all be categorised under this heading. News and weather predictions are regularly featured. Photographs are increasingly being used in newspapers to accompany stories.To know more about social media visit:
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a marketer is attempting to capture website visitor's information to help grow their subscriber list. what tool will help the marketer capture this information?
Create a double option in campaign that requires subscribers to confirm their email address by clicking a link in an email they receive after subscribing via Web Collect.
You can advertise your goods or services by using marketing tools. Most firms increase their sales by using a variety of marketing strategies. To promote your company, you might combine the use of advertising, direct mail, and social media management.
Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates perform some marketing on behalf of a business.
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which explains why scarcity is a basic fact of life? responses technology has not advanced far enough yet. technology has not advanced far enough yet. demand will always be greater than supply. demand will always be greater than supply. there will always be too many people on the earth. there will always be too many people on the earth. people cannot make good allocation decisions.
Demand will always outweigh supply, is a basic reality of life.
Which explains why lack is a universal truth?Supply and demand will always be out of balance.
Of the following, which best defines scarcity?Answer and justification The right response is b. When compared to the demand for them, resources are few. The discrepancy between people's seemingly limitless needs and the economy's finite resources is known as scarcity, and it is considered to be an economic problem.
Which answer in the quizlet best describes why scarcity Cannot be eradicated?People will always demand more, no matter how much is produced.
Which of the following best explains why scarcity cannot be eliminated by the game of economics?People will always demand more than is produced, regardless of how much is produced.
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jones international is a large organization with holdings in the united states, europe, and southeast asia. the corporation's mix of strategic business units (sbus) allows the company to exploit its strengths and capabilities in more than one line of business and to exploit synergies across business lines. one of the disadvantages of jones international's strategy is that it . a. increases management complexity b. increases economic risk c. increases the company's dependence on the success of its largest sbu d. increases overhead costs e. exploits the strengths of competitors
A sizable company, Jones International has operations in the United States, Europe, and Southeast Asia.
Briefing:-The corporation's mix of strategic business units (subs) enables it to take advantage of its strengths and capabilities in many business lines as well as cross-industry synergies. The technique employed by Jones International has the drawback of adding to management complexity.
Which of the following describes the typical actions of an organization that opposes the need to change business processes?The propensity for an organization as a whole to oppose change and want to preserve the status quo is known as organizational inertia. Companies that experience inertia become rigid and unable to adjust in response to external or internal challenges.
In order for an organization to support differentiation, which of the following must take place?Sales and marketing efforts must place a strong emphasis on the high value of an organization's products.
Which of the following places more of an emphasis on resources and mission than it does on people and action?Operational planning typically concentrates on people and activity, whereas strategic planning concentrates on resources, environment, and mission. Employees who receive quarterly bonuses are more likely to engage in short-term planning than those who receive quadrennial bonuses.
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Collection of a $1,500 Accounts Receivable Select one:a. decreases a liability $1,500; increases owner's equity $1,500. b. increases an asset $1,500; decreases a liability $1,500. c. increases an asset $1,500; decreases an asset $1,500. d. decreases an asset $1,500; decreases a liability $1,500
The amount of an asset that is increased or decreased by the collection of an accounts receivable of $1,500 is $1,500.
What do you meant by Accounts Receivable ?According to the direct right off method of writing off uncollectible accounts, growing and decreasing stockholders are the results of the accounting equation when writing off a customer's account. Investment cost. When assets and liabilities rise, assets also rise, resulting in a decline in stockholders' equity, assets, and assets. The right response is a decline in liabilities and assets.
Customers who have received products or services from a business but haven't yet made payment are said to have accounts receivable. For instance, when clients buy goods on credit, the outstanding balance is added to the accounts receivable. It is a duty resulting from a commercial transaction. In a balance sheet, the current assets section includes a list of accounts receivable.
Therefore the correct answer is option c ) increases an asset $1,500; decreases an asset $1,500
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a consumer must decide between purchasing a new television or a new computer. what limited resource is responsible for this trade-off decision?(1 point)
A consumer must select between buying a new computer or television. What constrained resource led to this trade-off choice.
What do you mean by constrained?
impose stricture, restriction, or limitation in order to coerce. Teenagers may feel restricted by the rules. an artist restricted by the demands of a customer. to limit (a mechanical body's) motion to a specific mode When the dimensions and placement of the sketch's geometry are established, the sketch is considered fully constrained. Constrictions and dimensions are combined to achieve this. Although it is not always necessary, it is generally a good practise to totally limit sketches.
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When you file your federal income tax you may take a subtraction from your taxable income called an exemption for each person legally defined as youra. tenant.b. childc. parentd. dependent.
You may only claim one exemption for yourself if you cannot be claimed as a dependent on the return of any other taxpayer, regardless of whether that taxpayer chooses to claim you.
a)Your
Therefore, whether income is earned legitimately or illegally, it will typically be subject to the same Federal income tax regulations. Whether a person qualifies for personal exemptions depends on their legal status, the number of dependents they have, and other factors.
In order to be exempt from withholding, you must satisfy both of the requirements listed below: You had no federal income tax debt from the preceding tax year. You don't anticipate owing any federal income tax obligations throughout this tax year.
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Identify the key value driver for Uber.Think about the following when answering the question.- What do you know about Uber's business profile?- In your view, which factor(s) would have the most significant impact on the future value of the business?- SWOT and Porter's five forces analyses of Uber are generally conducted in the practice.Note: Value drivers are variables that exert the greatest impact on firm growth, future prospectus, and firm value.
Service distinction is the key value driver which is the main value-creator for Uber.
Uber offers services like convenient booking by connecting with users through digital media. Customers can now hire a cab whenever they want, from anywhere. Technology and consumer satisfaction are two factors that drive value for Uber.
Uber's network has expanded to other nations. It offers customers the option to book cabs of various categories, ranging from luxury to sedan automobiles. The level of service offered to clients through technology interface and personal interface, such as cab drivers, will have an impact on the future value of the company. Uber may aim to improve customer loyalty and happiness by adapting its business model to various market types and educating its workforce to provide high-level customer care.
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how many workers should be picking in order to ship 110,550 units for the shift?required question. 35 51 92 275 402
402 is the workers should be picking in order to ship 110,550 units for the shift. Hence, option E is correct.
What is picking in order?Order picking is the process of obtaining the items indicated in an order from the appropriate warehouses. It is the initial step in completing a customer's order, thus it is crucial that it go off without a hitch in order for the subsequent stages to be successful—order packing, shipping, and post-sale activities.
The organization that takes place in distribution centres is referred to as "picking" in the logistics industry. Here, various products are kept in storage; their whereabouts are determined, and the units we need are removed for upcoming shipping.
Thus, option E is correct.
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A patent was purchased for $15,000 and expected to be used for the 10-year life with no salvage value. The entry to expense the patent during the second year of life will include which of the following entries
To expense the patent during its second year of life, the following entries will represent a Debit to Amortization Expense of $1,000 and a Credit to Accumulated Amortization of $1,000.
The accounting procedure known as amortization allows the book value of a loan or an intangible asset to be gradually decreased over a certain period of time. Loan amortization focuses on extending loan payments over time. When used on a piece of property, amortization is similar to depreciation. To expense the patent during its second year of life, the following entries will represent a Debit to Amortization Expense of $1,000 and a Credit to Accumulated Amortization of $1,000.
The term "amortization" is used in two different contexts. First, through repeated principal and interest payments, amortization is a method used to gradually pay off debt. To make regular payments against a loan's outstanding balance, employ an amortization schedule.
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n an activity-based costing (abc) system, cost reduction is accomplished by identifying and eliminating which of the following? (cpa adapted) all cost driversnonvalue-added activities a.nono b.yesyes c.noyes d.yesno
Cost reduction in an activity-based costing system is achieved by locating and removing: All activity would end if all cost drivers were taken away. Costs might be cut by eliminating non-value-adding activities.
What are a few cost-driver illustrations?The number of customer contacts made, the number of engineering change orders given, the number of machine hours consumed, and the number of product returns from consumers are a few examples of cost drivers.
What are the key three cost factors?The three primary categories of costs that are taken into consideration during the manufacturing process are direct materials, direct labor, and overhead. There are a few exceptions, including certain automated manufacturing companies that do not incur direct labor costs and some service industries that do not incur direct material costs.
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g the dual mandate of the federal reserve system is maximum employment and and a stock market that does not decline. true false
The dual mandate of the federal reserve system is maximum employment and a stock market that does not decline. - False
Interest rates are set by the Federal Reserve System, which is in charge of monetary policy. The legislative branch of government sets fiscal and tax policies. Knowing the Federal Reserve's money supply might help you decide when it is the optimum time to invest.
The Federal Reserve System's dual duty is to promote maximum employment and maintain price stability, not to prevent stock market declines. The goals of the Federal Reserve are to support low unemployment, stable pricing, and sustainable economic growth. The health of the general economy and the financial markets can have an impact on stock market conditions, even if the Federal Reserve does not directly target stock market performance.
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In which of the following scenarios would any delay in performance most likely be deemed a material breach
The following scenarios would any delay in performance most likely be deemed a material breach is delay in Mercantile contract.
What is Mercantile contract?Merchant law" is another term that is synonymous with "commercial law," which refers to the laws that govern disputes and transactions between individuals and businesses engaged in commercial activities. These activities include trade, financing, merchandising, the sale and distribution of goods, and the use of negotiable instruments.
These commercial laws are codified in the Uniform Commercial Code (UCC) which is adopted by all 50 states and has significant overlap with the fields of contract and property law. The law that governs all business-related transactions, including contracts, sales, buying and selling, as well as transportation. This area of law also covers responsibilities and rights that arise from business transactions.
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The complete question is :
In which of the following scenarios would any delay in performance most likely be deemed a material breach
delay in Mercantile contract
no Mercantile contract
immediate Mercantile contract
Which of the following is an example of substitutes ?
(a) Tea and sugar
(b) Tea and coffee
(c) Pen and ink
(d) Shirt & trouser
Tea and Coffee are examples of substitutes.
Hence Option B is correct
In microeconomics, substitutes are two items that consumers can employ for the same purpose. Because they view both products as comparable or similar, consumers will desire less of one when there is more of the other.
Think of the commodity pairs tea and coffee as an example of substitution. There is a negative link between any pair of complementary commodities.
In microeconomics, substitutes are two items that consumers can employ for the same purpose. Because they view both products as comparable or similar, consumers will desire less of one when there is more of the other. Unlike gifts and gratuitous services.
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in the late nineteenth century, the writer henry george argued in favor of select one: a. taxing only the richest americans. b. a single land tax to replace all other taxes. c. government efforts to increase land values. d. heavier taxes on the raw materials of industry. e. abolishing all taxes.
In the late nineteenth century, the writer Henry George argued for a single land tax to replace all other levies. Thus, the correct answer is (b) a single land tax to replace all other taxes.
What exactly was Henry George's single tax?A single tax system is a taxation system that is based mostly or entirely on one tax, often chosen for its unique qualities, and is frequently a tax on land value.
Henry George advocated that the government should fund all of its programs with profits from a single tax. This single tax would be levied on the unimproved value of the property—the worth of the land if it were in its natural condition, with no buildings, landscaping, or other improvements. In the late nineteenth and early twentieth centuries, a populist single tax movement formed that, for quite different reasons, aimed to collect a single tax on the rental value of land and natural resources.
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Generally, which inventory costing method most closely approximates the current cost for each of the following
The inventory that was recently purchased will be sold first, with the current cost being added to the cost of goods sold, in accordance with the last-in-first-out (LIFO) methodology.
What does inventory actually mean?The items and supplies that a company keeps in stock (or inventory in American English) with the intention of using, manufacturing, or reselling them are referred to as inventories (in other languages).
The primary objective of inventory management is to locate and identify the type of stocked goods. Prior to the regular and scheduled course, materials must be manufactured and stocked at various points within a facility or throughout a supply network.
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strategy is a detailed plan that programs the actions of an organization or an individual. [see pp.15-16] group of answer choices true false
Strategy is a detailed plan that programs the conditioning of an association or a person. Business fashion characterizes how an establishment contends in a specific assiduity or request. how an establishment lays out an upper hand over its opponents inside a particular assiduity or request. This assertion is true.
Strategic planning is a cycle wherein an association's chiefs characterize their vision for the future and fete their association's objectives and targets. The cycle incorporates laying out the grouping in which those objects ought to be conceded so the association can arrive at its expressed vision.
Strategic operation is the most common way of defining objects, strategies, and targets to make an association or association more serious.
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In which service model, cloud consumer is responsible to manage authorizations and entitlements only
A SaaS provider is responsible for perimeter security, logging/monitoring/auditing, and application security, while the consumer may only be able to manage authorization and entitlements.
What is SaaS provider?Software as a service is a method of distributing and licencing software that uses centralised hosting and subscription-based licencing. In addition to "on demand software," SaaS is sometimes referred to as web-based or web-hosted software. Software as a Service (SaaS) is a cloud-based software delivery model in which the cloud service provider creates and maintains cloud application software, offers automatic software upgrades, and makes software accessible to its clients via the internet on a pay-as-you-go basis.SaaS lays the most accountability on the CSP out of the three deployment options. Customers are only in charge of overseeing data management and user access/identity rights because the CSP manages the complete infrastructure as well as the applications.To learn more about SaaS provider refer to:
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Joachim enters an interview, and the interviewer says, “Tell us about yourself.” How should Joachim respond in a way that is MOST likely to get him hired?
A.
He should share some recent personal problems he is dealing with.
B.
He should talk about his strengths and how they would fit the company.
C.
He should restate many of the highlights from his resume.
D.
He should tell them the entire story of his life starting at birth.
Answer:
B, I believe.
Explanation:
Answers A and D seem inappropriate, it's not necessary that the interviewer hears about this. Not D, He shouldn't need to repeat to the interviewer what they've already read. B would help convince the interviewer that he's a good choice for the position he is applying for.
which of the nine conflict management and resolution rules recommends that supply chain managers be aware that geographic, ethnic, and corporate differences exist?
The sixth rule of conflict management and resolution for supply chain managers recommends being aware of geographic, ethnic, and corporate differences. It is important that the manager respects these differences and is open to understanding them.
This means that managers should be aware that different countries, cultures and businesses have different perspectives and approaches to business. A manager should be aware that these differences can lead to potential conflicts and plan accordingly to minimize their impact. For example, negotiating a contract in another country may require a different approach than negotiating a contract in the same country. Understanding and respecting the differences between countries, cultures and businesses can help prevent and resolve conflicts that arise.
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what type of a listing agreement allows the owner to appoint an exclusive agent to sell his property, but retains the right to sell the property himself?
One broker is named as the seller's exclusive representative in a real estate listing agreement called an "exclusive listing." The seller is able to sell the home without paying the broker anything when using an exclusive agency listing.
What is an exclusive listing?A real estate listing contract known as an "exclusive listing" designates one broker as the seller's exclusive representative.
With an exclusive agency listing, the seller is free to sell the house without having to pay the broker anything.
A pocket listing, sometimes known as a hip pocket listing, occurs when a broker sells a property through personal relationships rather than adding it to the multiple listing service (MLS) or otherwise making it publicly visible. This is referred to as an Exclusive Listing in Canada.
Therefore, one broker is named as the seller's exclusive representative in a real estate listing agreement called an "exclusive listing."
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End of Chapter Problem During the economic collapse of 2020 many people had concerns about the stability of the financial system. As employment fell, many residents were unable to make mortgage, rent, car, or credit card payments. Many wondered: would we see another financial panic, like what occurred following the housing collapse in 2009
Maintaining the stability of the financial system is a longstanding responsibility of the Reserve Bank.
What is financial system ?A financial system is the set of global, regional, or firm-specific institutions and practices used to facilitate the exchange of funds. Financial systems can be organized using market principles, central planning, or a hybrid of both.
A financial system functions as an intermediary between savers and investors. It facilitates the flow of funds from the areas of surplus to the areas of deficit. It is concerned about the money, credit and finance. These three parts are very closely interrelated with each other and depend on each other.
Meaning of Indian financial system. The financial system enables lenders and borrowers to exchange funds. India has a financial system that is controlled by independent regulators in the sectors of insurance, banking, capital markets and various services sectors.
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a. Explain the typical shapes of the marginal-benefit and marginal-cost curves. The marginal-benefit curve is upward sloping. The marginal-cost curve is (Click to select) sloping. b. With these curves, the optimal allocation of resources to a particular product will occur when (Click to select) . c. If current output is such that marginal cost exceeds marginal benefit, should more or fewer resources be allocated to this product
The marginal cost of producing an additional unit of a particular good will rise in proportion to the quantity produced, according to the law of increasing opportunity.
It comes to the conclusion that the marginal cost of each additional unit will rise as a result of the increase in production quantity. As a result, the marginal cost curve would have a slope that goes up.
On the other hand, as more goods are produced, the marginal benefit from an additional unit decreases. As a result, the marginal benefit curve would be skewed downward.
More resources will be required as a result of an increase in the quantity of goods produced. With an increase in the quantity produced of a specific good, the marginal benefit decreases while the marginal cost rises.
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which of the following is true regarding meetings? it is not necessary to create an agenda for a last-minute, emergency meeting. a meeting agenda is used to document people who actually attended the meeting. a meeting agenda is used to address the purpose of the meeting. project managers should be more involved in preparing for meetings than team members.
A meeting agenda is used to address the purpose of the meeting.
A business meeting is an event where two or more people come together to make decisions or to talk about the objectives and daily operations of the company. A corporate conference can now be joined from anywhere thanks to the advent of video conferencing capabilities, even though the majority of meetings are still held in person in offices.
Professionals get together for business meetings to talk about operations, deal with changes, or celebrate organisational successes. Department heads and their teams, business representatives and clients, or business executives and staff are a few examples of groups that might congregate.
It is beneficial to keep track of the organization's processes and actions in order to fulfil its goals and objectives.
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In a country called Nubaria, the capital share of GDP is 40 percent; the average growth in output is 4 percent per year; the depreciation rate is 5 percent per year; and the capital-output ratio is 2.5. Suppose the production function is Cobb-Douglas and Nubaria is in a steady state.
What is the saving rate in the initial steady state?
What is the marginal product of capital in the initial steady state? What is the economic interpretation of this number?
What is the general definition of the "Golden Rule" steady state? Is this particular economy at that point? Find out by computing the marginal product of capital at the Golden Rule steady state, compare, and explain!
Compute the capital-output ratio and the saving rate required to get to the Golden Rule point. Are they higher, lower or equal to those from before? Why?
A steady state savings rate of 100% in the Solow growth model suggests that all income is being invested in capital for future production, which implies a steady state consumption level of zero.
What has to be the starting steady state saving rate?To reach the steady state described in the Golden Rule, the saving rate must rise from 17.5 to 30 percent.
What is the capital's marginal product in the initial steady state? What does this number represent economically?As opposed to 12 percent at the first steady state, the marginal product of capital is now 7 percent at the Golden Rule steady state. As a result, we must raise k from the initial steady state in order to reach the Golden Rule steady state. d. We learned in Chapter 3 that for a Cobb-Douglas production function, MPK = (Y/K).
What is the economic golden rule for steady states?The goal of saving is to reach a stable situation where the slopes of the capital-widening ray nk and the intense production function f(k) are identical. The slope of the capital-widening ray is n-sided. The slope of intensive production is the capital's marginal product (MPK).
A condition is considered to be in the steady state when per capita output is constant, which implies that k is constant. In order to do this, the production that is conserved must exactly match the amount needed to (1) outfit any extra personnel and (2) replace any out-of-date capital.
What separates the Golden Rule from steady state?One approach to figuring out the ideal saving rate is to find the rate of saving that optimizes consumption per person in the steady state. The "golden rule" is represented by this saving rate. Lower saving rates would lead to lower long-run steady-state consumption per person, but higher short-term consumption would follow.
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