All the options are correct. Changes in the demand for a resource can be influenced by factors such as the demand for the final product, the price of substitutes and complements, and technological advancements.
There are three factors that could cause a change in the demand for a resource:
1. Change in demand for the final product: If the demand for the final product that utilizes the resource increases, it will likely lead to an increase in the demand for the resource itself. For example, if there is a sudden surge in the demand for smartphones, the demand for the resources used in their production, such as rare metals or microchips, would also increase.
2. Change in the price of a substitute for the resource: If the price of a substitute resource decreases, it could lead to a decrease in the demand for the original resource. For instance, if the price of solar energy decreases significantly, it may reduce the demand for fossil fuels as a source of energy.
3. Change in the price of a complement for the resource: If the price of a complementary resource increases, it may lead to a decrease in the demand for the original resource. For example, if the price of gasoline increases, it could result in a decrease in the demand for cars, which in turn would reduce the demand for the resources used in car manufacturing.
It's important to note that a change in technology can impact the demand for a resource indirectly. Technological advancements can lead to the development of new products or more efficient production processes, which may alter the demand for resources. For instance, the introduction of electric vehicles could reduce the demand for gasoline and increase the demand for batteries.
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a price-taker confronts a demand curve that is: select one: a. vertical at the market price. b. upward sloping. c. downward sloping. d. horizontal at the market price.
A price-taker confronts a demand curve that is "horizontal at the market price."
A price-taker is a market participant that has no significant influence on the market price of a good or service. They must accept the prevailing market price as given and adjust their output accordingly. In this context, the demand curve faced by a price-taker is horizontal at the market price.
The horizontal demand curve indicates that the price-taker can sell any quantity of the good at the prevailing market price. As a result, the price-taker has no incentive to lower or increase the price since doing so would have no effect on the quantity demanded. The price-taker simply accepts the market price and adjusts its production level accordingly.
This characteristic of a horizontal demand curve is often associated with perfectly competitive markets. In such markets, there are numerous buyers and sellers, homogeneous products, and free entry and exit. As a result, individual firms have no pricing power and must accept the market price determined by the overall supply and demand conditions.
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australian company woodsie 2022
shareholders may be concerned about the financial impact of climate-related regulation on the company. They may believe that the costs of complying with climate regulations will be too high, and that this will impact the company's profitability.
need some evidence to prove this statement
Overall, these concerns highlight the importance for shareholders to monitor and assess the potential financial impact of climate-related regulations on Woodsie.
Shareholders of the Australian company, Woodsie, may have concerns about the financial impact of climate-related regulations on the company's profitability.
To prove this statement, here are a few evidence-based points:
1. Increased costs of compliance: Shareholders may worry that implementing climate regulations will require the company to invest in new technologies, equipment, or infrastructure, which can be expensive.
For example, Woodsie might need to upgrade its manufacturing processes to reduce emissions or invest in renewable energy sources.
2. Potential decrease in market demand: Climate regulations may lead to changes in consumer preferences and behavior.
Shareholders may fear that if the company fails to adapt to these changes, it could face a decline in demand for its products or services.
3. Legal and reputational risks: Failure to comply with climate regulations could result in fines, penalties, or legal action.
This may harm the company's reputation and, subsequently, its ability to attract customers and investors.
4. Increased competition: As more companies adopt sustainable practices, shareholders may worry that Woodsie could face increased competition from rivals that have already implemented climate-friendly measures.
This could potentially impact market share and profitability.
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Without proper business alignment, risk management and governance, BCM may not be able to exploit the potential benefits of using emerging technologies. Reflect your viewpoints in regards to this stat
I agree with the statement that without proper business alignment, risk management, and governance, Business Continuity Management (BCM) may not be able to fully exploit the potential benefits of using emerging technologies.
Effective alignment with the overall business strategy ensures that BCM initiatives are in line with the organization's goals and priorities. Risk management helps identify potential risks associated with emerging technologies and allows for proactive mitigation measures. Governance provides the framework and oversight to ensure that BCM activities are implemented and monitored effectively.
Emerging technologies bring opportunities for innovation, efficiency, and competitive advantage. However, they also introduce new risks and vulnerabilities. Without proper business alignment, organizations may invest in emerging technologies without considering their strategic fit or potential impact on business operations. This can lead to misalignment and a lack of integration with existing processes and systems.
Risk management is crucial in identifying and assessing the potential risks and threats associated with adopting new technologies. It enables organizations to implement appropriate controls and safeguards to mitigate these risks. Governance provides the necessary structure and oversight to ensure that BCM initiatives are properly planned, executed, and monitored. It ensures accountability, compliance with regulations, and effective decision-making.
By incorporating business alignment, risk management, and governance into BCM practices, organizations can effectively harness the benefits of emerging technologies while minimizing potential disruptions. A well-aligned BCM strategy ensures that technology investments support the overall business objectives, enhance resilience, and enable efficient recovery in the face of disruptions.
Proper risk management enables organizations to identify and address potential vulnerabilities, ensuring that the benefits of emerging technologies outweigh the associated risks. Effective governance ensures that BCM activities are adequately planned, implemented, and monitored, providing the necessary oversight and control to maximize the potential benefits of using emerging technologies.
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A good economic model
Question 50 options:
a) is extremely complex and inflexible.
b) never needs to be reevaluated.
c) is not related to real-world observations.
d) is a perfect replication of reality.
e) is simple, flexible, and useful for making accurate predictions.
A good economic model is simple, flexible, and useful for making accurate predictions. The correct option is e) is simple, flexible, and useful for making accurate predictions.
Economic models are simplified representations of real-world economic systems that help economists analyze and understand economic phenomena. A good economic model possesses certain characteristics that enhance its usefulness and effectiveness in analyzing economic behavior and making predictions. Let's evaluate each option:
a) is extremely complex and inflexible.
Complexity and inflexibility are not desirable traits for a good economic model. Models should strive to simplify the complexities of the real world while still capturing essential economic relationships. Additionally, flexibility is crucial as economic conditions and variables can change over time.
b) never needs to be reevaluated.
Economic models need to be reevaluated periodically to account for new data, changes in economic conditions, and evolving theories. Economic dynamics are subject to various factors and can undergo shifts, so models must be updated to reflect these changes accurately.
c) is not related to real-world observations.
A good economic model should be grounded in real-world observations. It should be based on empirical evidence and reflect the relationships and interactions observed in economic data and phenomena. A model detached from real-world observations would have limited practical value.
d) is a perfect replication of reality.
While economic models aim to capture important aspects of reality, it is not feasible to achieve a perfect replication of the complex and dynamic real-world economy. Models involve simplifications and assumptions to make analysis more manageable. The goal is to strike a balance between simplicity and accuracy.
e) is simple, flexible, and useful for making accurate predictions.
This option accurately describes the characteristics of a good economic model. Simplicity helps in understanding and communicating the model's insights, while flexibility allows for adapting to changing economic conditions. Accuracy in predicting economic behavior is a crucial objective of economic modeling.
Therefore, the correct option is e) is simple, flexible, and useful for making accurate predictions.
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What is the homogeneous-good dupopoly's Nash-Cournot equilibrium if the market demand function is Q = 300 - 1200p, and each firm's marginal cost is $0.22 per unit?
To find the homogeneous-good duopoly's Nash-Cournot equilibrium, we need to analyze the market demand function, calculate the equilibrium price and quantity, and determine the profit-maximizing quantities for each firm.
The Nash-Cournot equilibrium in a homogeneous-good duopoly is determined by finding the quantity produced by each firm that maximizes their profit, given the market demand function and their marginal cost.
Understand the market demand function
The market demand function is given as Q = 300 - 1200p, where Q represents the total quantity demanded in the market and p represents the price.
Find the market equilibrium price
To find the equilibrium price, we set the quantity supplied equal to the quantity demanded. Since we have two firms in the duopoly, the quantity supplied by each firm is given by Q/2. Thus, we can rewrite the market demand function as Q/2 = 300 - 1200p.
Solving this equation for p will give us the equilibrium price.
Calculate the equilibrium quantity produced by each firm
Using the equilibrium price, we can substitute it back into the market demand function to find the equilibrium quantity. In this case, we divide the equilibrium quantity by 2 since we have two firms.
Calculate the profit for each firm
To calculate the profit for each firm, we subtract the marginal cost from the price and multiply it by the quantity produced by the firm.
Find the Nash-Cournot equilibrium
The Nash-Cournot equilibrium occurs when each firm maximizes its profit. This means that the firms choose the quantity that results in the highest profit for themselves, given the quantity chosen by the other firm.
To find the Nash-Cournot equilibrium, we compare the profit of each firm for different quantities produced. The equilibrium occurs when each firm's profit is maximized and there is no incentive for either firm to change its quantity.
After following these steps, you will find the main answer to the question, which is the Nash-Cournot equilibrium quantity produced by each firm in the homogeneous-good duopoly. This conclusion will depend on the specific values of the demand function, marginal cost, and other parameters provided in the question.
We would need to know the specific values of the demand function and the marginal cost in order to solve the equations and calculate the Nash-Cournot equilibrium. Without these values, it is not possible to provide a specific numerical answer.
To find the homogeneous-good duopoly's Nash-Cournot equilibrium, we need to analyze the market demand function, calculate the equilibrium price and quantity, and determine the profit-maximizing quantities for each firm. This analysis will provide the equilibrium quantity produced by each firm in the duopoly. However, without specific values, we cannot provide a numerical answer.
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During the year, Wright Company sells 520 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year.
Date Transaction Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 50 $67 $3,350
May. 5 Purchase 275 70 19,250
Nov. 3 Purchase 225 75 16,875
550 $39,475
Calculate ending inventory and cost of goods sold for the year, assuming the company uses specific identification. Actual sales by the company include its entire beginning inventory, 260 units of inventory from the May 5 purchase, and 210 units from the November 3 purchase.
Cost of goods sold: $37,300. Ending inventory: $2,175. Actual sales included beginning inventory, May 5 purchase (260 units), and November 3 purchase (210 units).
To calculate the ending inventory and cost of goods sold using the specific identification method, we need to determine the cost of the units sold based on the specific transactions.
Calculate the cost of goods sold:
Beginning inventory: 50 units at $67 each = $3,350
May 5 purchase: 260 units sold at $70 each = $18,200
November 3 purchase: 210 units sold at $75 each = $15,750
Total cost of goods sold = $3,350 + $18,200 + $15,750 = $37,300
Calculate the ending inventory:
Remaining inventory from the May 5 purchase: 275 units - 260 units sold = 15 units at $70 each = $1,050
Remaining inventory from the November 3 purchase: 225 units - 210 units sold = 15 units at $75 each = $1,125
Total ending inventory = $1,050 + $1,125 = $2,175
Therefore, the ending inventory is $2,175 and the cost of goods sold for the year is $37,300.
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Aswume that a customer shops at a local grocery storn spending an average of $300 a week, resuling in a relailor proft of $30 each week trom this customer. Assuming the shepper visits the storn Cuthomer. The cuttomer yields 1 per year in profits for this retaier. (Round to the nearest dolar)
The customer's average weekly expenditure at the local grocery store is $300, resulting in a profit of $30 for the retailer each week.
It is assumed that the customer visits the store once a week. Therefore, over the course of a year, this customer generates a profit of $1,560 for the retailer.
Given that the customer spends an average of $300 per week, the retailer's profit is $30 per week. This profit can be calculated by subtracting the retailer's cost from the customer's expenditure, resulting in a profit margin of $10 (i.e., $300 - $290).
As the customer visits the store once a week, the annual profit can be determined by multiplying the weekly profit by the number of weeks in a year. Thus, $30 multiplied by 52 weeks equals $1,560 in annual profits generated by this customer for the retailer.
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X-Tel budgets sales of $78,000 for April, $132,000 for May, and $60,000 for June Sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. Total sales for March were $13,000. Prepare a schedule of cash receipts from sales for Aprii, May, and June
To prepare a schedule of cash receipts from sales for April, May, and June, we need to consider the given information.
1. Sales for each month:
- April: $78,000
- May: $132,000
- June: $60,000
2. Sales are 50% cash and 50% on credit.
3. All credit sales are collected in the month following the sale.
Now, let's calculate the cash receipts from sales for each month:
For April:
- Cash sales: 50% of $78,000 = $39,000
- Credit sales: 50% of $78,000 = $39,000 (to be collected in May)
Total cash receipts for April: $39,000
For May:
- Cash sales: 50% of $132,000 = $66,000
- Credit sales from April: $39,000 (collected in May)
- Credit sales for May: 50% of $132,000 = $66,000 (to be collected in June)
Total cash receipts for May: $66,000 + $39,000 = $105,000
For June:
- Cash sales: 50% of $60,000 = $30,000
- Credit sales from May: $66,000 (collected in June)
Total cash receipts for June: $30,000 + $66,000 = $96,000
Therefore, the schedule of cash receipts from sales for April, May, and June is as follows:
- April: $39,000
- May: $105,000
- June: $96,000
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one's inability to remember the name of a pereson only minutes after meeting her even if one repeats her name immediately after hearing it is a common
One's inability to remember the name of a person only minutes after meeting her, despite repeating her name immediately after hearing it, is a common occurrence known as "tip-of-the-tongue" phenomenon.
The "tip-of-the-tongue" phenomenon refers to the experience of momentarily being unable to recall a specific word or name, even though it is known and can be recalled under normal circumstances. This common memory lapse often happens with names, where individuals struggle to retrieve and recall a person's name despite their familiarity with it.
The inability to remember a name immediately after meeting someone, even after repeating it, can occur due to various factors. One possible explanation is the interference of other thoughts or distractions that disrupt the encoding and retrieval processes in the brain. Additionally, stress or anxiety during the encounter can also contribute to memory difficulties.
The brain's complex processes involved in memory retrieval are influenced by numerous factors, including attention, focus, and the strength of neural connections associated with specific memories. Sometimes, the memory retrieval process is temporarily disrupted, leading to the frustrating experience of not being able to recall a name, even if it is familiar.
It is important to note that the "tip-of-the-tongue" phenomenon is generally considered a normal and temporary memory lapse. Most people experience it occasionally, and the memory is often recalled with time or contextual cues. Strategies such as actively engaging in conversations, practicing active listening, and using mnemonic techniques can help improve memory recall and reduce instances of forgetting names.
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what percentage of ffa members live in rural/farm areas
There is no specific data available on the percentage of FFA members who live in rural/farm areas. However, it can be assumed that a significant portion of FFA members come from these areas due to the organization's focus on agriculture.
The FFA (Future Farmers of America) is an organization that promotes agricultural education and leadership development for students interested in agriculture. FFA members can be found in both rural and urban areas, but the organization has a strong presence in rural/farm communities.
While there is no specific data available on the exact percentage of FFA members living in rural/farm areas, it can be assumed that a significant portion of FFA members come from these areas due to the organization's focus on agriculture.
FFA provides opportunities for students to learn about agriculture, develop leadership skills, and participate in various activities related to farming and agriculture.
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Approximately 70% of FFA members, who are part of the National FFA Organization, reside in rural or farm areas, reflecting the strong agricultural roots of the organization.
FFA members are individuals who are part of the National FFA Organization, formerly known as the Future Farmers of America. FFA is a dynamic youth organization that aims to develop leadership skills, personal growth, and career success in students with a passion for agriculture and related fields.
FFA members typically include high school students enrolled in agricultural education programs, although membership is open to all students interested in agriculture.
FFA provides various opportunities for members to engage in activities such as leadership development, career exploration, public speaking, competitions, and community involvement, fostering a strong sense of agricultural awareness and education among its members.
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The owner of Michaels Prints - a firm that prints business cards- tells you about his new business. The owner wants you to calculate the anticipated efficiency of its business. The business has one pr
Michaels Prints, a business that prints business cards, seeks to calculate the anticipated efficiency of its operations. With only one printer in operation, several factors need to be considered to determine the efficiency of the business.
Efficiency in this context can be evaluated by assessing various aspects such as production capacity, throughput, and resource utilization. The efficiency of a single printer can be measured by factors like printing speed, setup time, and downtime for maintenance or repairs. Additionally, factors such as the availability of raw materials, streamlined production processes, and effective scheduling can contribute to operational efficiency.
To calculate the anticipated efficiency, a comprehensive analysis of the printer's specifications, its potential capacity utilization, and the estimated time required for printing each business card is necessary. By considering these factors along with the demand for business card printing, the business owner can estimate the efficiency in terms of output per unit of time or cost.
It's important to note that efficiency is just one aspect of evaluating business performance. Other factors like quality, customer satisfaction, and cost-effectiveness should also be taken into account to provide a comprehensive assessment of the business's overall effectiveness.
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A Corporation plans to issue equity to raise $75037204 to finance a new investment. After making the investment, the firm expects to earn free cash flows of $13521223 each year. The firm currently has 6303623 shares outstanding, and it has no other assets or opportunities. Suppose the appropriate discount rate for the firm future free cash flows is 7.14%, and the only capital market imperfections are corporate taxes and financial distress costs.
What is the NPV of the firm's investment?
The NPV of the firm's investment is approximately -$62,407,505.34. So, the correct answer is $62,407,505.34.
To calculate the NPV of the firm's investment, we need to discount the future cash flows generated by the investment at the appropriate discount rate. In this case, the discount rate is 7.14%.
The annual free cash flows generated by the investment are $13,521,223. To calculate the present value of these cash flows, we can use the formula:
PV = CF1 / (1 + r) + CF2 / (1 + r)^2 + ... + CFn / (1 + r)^n
where PV is the present value, CF is the cash flow in each period, r is the discount rate, and n is the number of periods.
In this case, there is only one period, so the formula simplifies to:
PV = CF / (1 + r)
Substituting the values, we get:
PV = $13,521,223 / (1 + 0.0714) = $12,629,698.66
Therefore, the NPV of the firm's investment is approximately -$75,037,204 + $12,629,698.66 = -$62,407,505.34.
The negative NPV indicates that the investment is not expected to generate sufficient returns to cover its cost, suggesting that it may not be a financially viable project for the firm.
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A bond has a face value of 51000 a coupon rate of 7% and matures in 14 years. The spot price of the bond is $986.84. The bond pars semilinnual coupons and the next coupon is in 4 months. Calculate the forward price of a forward contract on the bond that matures in 19 months. The risk-free rate is 4.15%. (10pts)
(A) $943.5
(B) $1058.53
(C) $1485.54
(D) $1704.53
The forward price of a forward contract on the bond that matures in 19 months is $56,174.75. The correct option is not given in the options.
To calculate the forward price of a forward contract on the bond that matures in 19 months, we need to consider the present value of the bond's cash flows.
First, let's calculate the present value of the remaining coupons. The bond has a face value of $51,000 and a coupon rate of 7%.
Since the coupons are paid semi-annually, there are 2 coupons per year. The remaining time to maturity is 14 years, which corresponds to 28 semi-annual periods.
To calculate the present value of the coupons, we need to discount each coupon payment by the risk-free rate.
The risk-free rate is given as 4.15% and since the coupons are paid semi-annually, we need to adjust the rate accordingly. The semi-annual risk-free rate is 4.15% / 2 = 2.075%.
Using the formula for the present value of an annuity, the present value of the remaining coupons can be calculated as follows:
PV_coupons = (Coupon Rate * Face Value / 2) * (1 - (1 + r)^(-n)) / r
Where:
Coupon Rate = 7%
Face Value = $51,000
r = semi-annual risk-free rate = 2.075%
n = remaining periods = 28
Now, let's calculate the present value of the face value of the bond.
Since the bond matures in 14 years, the remaining periods to maturity is 28.
We discount the face value using the same risk-free rate:
PV_face_value = Face Value / (1 + r)^n
Finally, the forward price of the forward contract is the sum of the present values of the remaining coupons and the face value:
Forward Price = PV_coupons + PV_face_value
Now, let's calculate the values:
PV_coupons = (0.07 * 51,000 / 2) * (1 - (1 + 0.02075)^(-28)) / 0.02075 = $16,560.23
PV_face_value = 51,000 / (1 + 0.02075)^28 = $39,614.52
Forward Price = 16,560.23 + 39,614.52 = $56,174.75
The answer is $56,174.75. Hence, The correct option is not given in the options.
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Initial on-site inspections of resort zip-lining site and discussions with management and staff refers to Select one: a. risk identification b. risk analysis c. risk treatment d. risk control
Initial on-site inspections of a resort zip-lining site and discussions with management and staff refer to a. risk identification.
Risk identification is the process of identifying and documenting potential risks that may affect a project, activity, or operation. It involves gathering information, conducting assessments, and engaging with stakeholders to identify potential risks and hazards. In this case, the on-site inspections and discussions with management and staff are aimed at identifying any risks associated with the zip-lining site. These activities help in understanding the site conditions, operations, and gathering insights from those involved, which aids in the identification of potential risks and hazards that need to be addressed in the risk management process.
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A North Face retail store in Chicago sells 500 jackets each month. Each jacket costs the store $100 and the company has an annual holding cost of 25 percent.The fixed cost of a replenishment order (including transportation) is $100 and the company has an annual holding cost of 25 percent. The fixed cost of a replenishment order (including transportation) is $100. The currently places a replenishment order every month for 500 jackets. What is the annual holding and ordering cost? On average, how long does a jacket spend in inventory? If the retail store wants to minimize ordering and holding cost, what order size do you recommend? How much would the optimal order reduce holding and ordering cost relative to the current policy? Show all formulas and work to receive full credit.
Has to be done on Excel, please show me step by step !
The optimal order size would reduce the holding and ordering cost by approximately $135,402.29 relative to the current policy.
To calculate the annual holding and ordering cost, we need to consider both the holding cost and the ordering cost.
The holding cost is the cost of holding inventory over a period of time. In this case, the holding cost is 25 percent of the cost of each jacket, which is $100. Therefore, the holding cost per jacket per year is 25% * $100 = $25.
To calculate the annual holding cost, we multiply the holding cost per jacket by the number of jackets sold each month, and then multiply by 12 to get the annual holding cost. So, the annual holding cost is $25 * 500 * 12 = $150,000.
The ordering cost is the cost of placing an order for new inventory. In this case, the ordering cost is a fixed cost of $100 per replenishment order.
To calculate the number of orders placed in a year, we divide the total number of jackets sold in a year (500 * 12) by the number of jackets ordered per order (500). So, the number of orders placed in a year is 500 * 12 / 500 = 12.
To calculate the annual ordering cost, we multiply the number of orders placed in a year by the fixed cost per order. So, the annual ordering cost is 12 * $100 = $1200.
To find out how long a jacket spends in inventory on average, we need to calculate the inventory turnover. The inventory turnover is the number of times the inventory is sold or used up in a given period. In this case, we can calculate the inventory turnover by dividing the number of jackets sold per year (500 * 12) by the average inventory level.
The average inventory level can be calculated by dividing the order quantity by 2, because the inventory level fluctuates between 0 and the order quantity. So, the average inventory level is 500 / 2 = 250.
Therefore, the inventory turnover is (500 * 12) / 250 = 24.
To minimize ordering and holding costs, we can use the Economic Order Quantity (EOQ) formula. The EOQ formula is √((2 * D * S) / H), where D is the annual demand (500 * 12), S is the fixed cost per order ($100), and H is the holding cost per jacket per year ($25).
Plugging in the values, the EOQ is √((2 * 500 * 12 * $100) / $25) = √((1,200,000) / $25) = √(48,000) ≈ 218.36.
So, the recommended order size to minimize ordering and holding costs is approximately 218 jackets.
To calculate the cost reduction from the current policy to the optimal order size, we need to compare the annual holding and ordering costs.
For the current policy, the annual holding and ordering cost is $150,000 (holding cost) + $1200 (ordering cost) = $151,200.
For the optimal order size, the annual holding and ordering cost is ($25 * 218 * 12) + ($100 * (500 * 12) / 218) = $13,050 + $2,747.71 ≈ $15,797.71.
The reduction in holding and ordering cost relative to the current policy is $151,200 - $15,797.71 = $135,402.29.
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On average, a jacket spends around 63 days in inventory. To minimize ordering and holding cost, we need to find the optimal order size. The optimal order size can be calculated using the EOQ formula mentioned above.
To calculate the annual holding and ordering cost, we need to consider the ordering cost and the holding cost for the jackets.
1. Ordering cost: The fixed cost of a replenishment order is $100, and since the store orders 500 jackets each month, the annual ordering cost is $100 * 12 months = $1200.
2. Holding cost: The holding cost is calculated as a percentage of the jacket cost. Each jacket costs $100, and the annual holding cost is 25% of the jacket cost. Therefore, the annual holding cost is $100 * 0.25 = $25 per jacket. Since the store sells 500 jackets each month, the annual holding cost is $25 * 500 = $12,500.
To determine how long a jacket spends in inventory on average, we can use the economic order quantity (EOQ) formula: EOQ = sqrt((2 * D * S) / H), where D is the annual demand, S is the setup cost per order, and H is the annual holding cost per unit.
Given that the demand is 500 jackets per month, the setup cost per order is $100, and the annual holding cost per jacket is $25, we can calculate the EOQ as follows:
EOQ = sqrt((2 * 500 * 100) / 25) = sqrt(4000) = 63.24 (approximately)
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Selling a Note Shalia Johnson owes $7200 to the Eastside Music Shop. She has agreed to pay the amount in seven months at an interest rate of 10%. Two months before the loan is due, the store needs $7550 to pay a wholesaler's bill. The bank will buy the note, provided that its return on the investment is 11%. How much will the store receive? Is it enough to pay the bill?
Shalia Johnson owes $7200 to the Eastside Music Shop. Selling the note will provide the store with approximately $3699.29, which is not enough to pay the $7550 bill to the wholesaler in two months.
To determine how much the store will receive by selling the note, we need to calculate the present value of the $7200 owed by Shalia Johnson.
Given:
Principal amount (P) = $7200
Interest rate (r) = 10% = 0.10
Time period (t) = 7 months
Using the formula for calculating the present value of a future amount:
Present Value (PV) = P / (1 + r)^t
PV = $7200 / (1 + 0.10)^7
PV = $7200 / (1.10)^7
PV = $7200 / 1.948717
PV ≈ $3699.29
Therefore, the store will receive approximately $3699.29 by selling the note.
Now, let's determine if this amount is enough to pay the bill of $7550 to the wholesaler. Since the store needs to pay the bill in two months, we need to calculate the future value of the $3699.29 after two months at an interest rate of 11%.
Future Value (FV) = PV * (1 + r)^t
FV = $3699.29 * (1 + 0.11)^2
FV = $3699.29 * (1.11)^2
FV = $3699.29 * 1.2321
FV ≈ $4551.95
The store will receive approximately $4551.95 by the time the bill is due in two months. Since this amount is less than the $7550 needed to pay the bill, it is not enough to cover the payment. The store would need to find additional funds to meet its obligation to the wholesaler.
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As HR director at Crangle Fixtures, your bonus this year is based on your ability to cut employee benefit costs. Your boss has said that it’s okay to shift some of the costs over to employees (right now they pay nothing for their benefits) but that he doesn’t want you to overdo it. In other words, at least one-half of your suggestions should not hurt the employee’s pocket book. What alternatives do you want to explore, and why?
As the HR director at Crangle Fixtures, you have been tasked with finding ways to cut employee benefit costs in order to receive a bonus. Your boss has specified that at least half of your suggestions should not negatively impact employees' wallets. Here are some alternatives you can explore:
1. Review Benefit Plans: Start by evaluating the existing benefit plans offered to employees. Look for areas where costs can be reduced without significantly affecting the coverage or quality of benefits. For example, you could negotiate better rates with insurance providers or consider alternative benefit options that are more cost-effective.
2. Employee Contribution: One option is to introduce a modest contribution requirement from employees towards their benefits. By having employees share a portion of the cost, it can help reduce the overall expense for the company while still ensuring that employees have access to valuable benefits. However, it's important to keep in mind your boss's instruction that at least half of the suggestions should not hurt employees' pockets. So, you need to strike a balance and ensure the employee contribution is reasonable.
3. Wellness Programs: Implementing wellness programs can be beneficial both for employees and the company. Encouraging employees to adopt healthy lifestyles can reduce healthcare costs in the long run. Offer incentives for employees who participate in wellness programs, such as discounted premiums or rewards for achieving health goals. This way, you can cut costs while promoting employee well-being.
4. Flexible Benefits: Consider offering a flexible benefits plan where employees can choose the benefits that suit their needs. By allowing employees to select from a range of benefits, you give them the opportunity to prioritize the benefits that matter most to them. This can help control costs by eliminating benefits that are less utilized or valued by employees.
5. Education and Communication: Invest in educating employees about their benefits and how to make the most of them. Often, employees may not fully understand or utilize the benefits available to them. By improving communication and providing resources that explain the value and proper usage of benefits, you can increase employee engagement and reduce unnecessary costs.
Remember, when exploring these alternatives, keep your boss's directive in mind and ensure that at least half of your suggestions do not negatively impact employees' finances.
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please please answer Suppose an ecooony has an inflationary gap and its govenment has a deficit. How does the governments actual budget deficit compare to the deficit it would have at potontial output? The deficit is larger than it would be at potential cutput. The deficit is tmalec than it would be at polential eutput. The deficit it unaffected by the gap. The deficit will conthupouty deciease untal the gap it cloted. Which of the following scenarios would be the best example of crowding out? A government action causes a business to expand easier. A government sells bonds to the private sector. A government raises interest rates, causing a firm to lose demand. A government policy gives businesses a tax credit. Supply-side economic policies are controversial for all of the following reasons EXCEPT: The benefits that "trickle down" to the poor may be small. They only work effectively in the short run. They often involve tax cuts for the rich. It is difficult to measure their effects. The most significant lags in fiscal policy are: implementation lags. recognition lags impact lags. effectiveness lags.
The government's actual budget deficit tends to be larger than it would be at potential output in an inflationary gap.
Crowding out occurs when the government raises interest rates, leading to a firm losing demand, which is an example of crowding out.
Suppose an economy has an inflationary gap and its government has a deficit. How does the government's actual budget deficit compare to the deficit it would have at potential output?
- The deficit is larger than it would be at potential output.
Explanation: In an inflationary gap, where aggregate demand exceeds potential output, the government's actual budget deficit tends to be larger than it would be at potential output. This is because the government may increase spending or decrease taxes to stimulate demand and close the output gap, which can lead to a larger budget deficit.
Which of the following scenarios would be the best example of crowding out?
- A government raises interest rates, causing a firm to lose demand.
Explanation: Crowding out occurs when increased government borrowing leads to higher interest rates, which can reduce private sector investment and consumption. In this scenario, the government raising interest rates results in decreased demand for loans by firms, indicating crowding out.
Supply-side economic policies are controversial for all of the following reasons EXCEPT:
- They only work effectively in the short run.
Explanation: Supply-side economic policies are controversial due to various reasons, such as concerns over the benefits trickling down to the poor, tax cuts for the rich, and difficulties in measuring their effects. However, the statement that "they only work effectively in the short run" is not one of the typical controversies associated with supply-side policies.
The most significant lags in fiscal policy are:
- Implementation lags.
Explanation: The most significant lags in fiscal policy are implementation lags. Implementation lags refer to the time it takes for the government to design, enact, and implement fiscal policy measures. Recognition lags pertain to the time it takes for policymakers to recognize that the economy is facing a problem. Impact lags relate to the time it takes for fiscal policy changes to have their desired impact on the economy. Effectiveness lags refer to the time it takes for policymakers to assess the effectiveness of fiscal policy measures and make necessary adjustments.
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"This year, Company ABC purchases Class 8 (20%)
Assets for $50,000 and sold furniture (Proceeds = $2,000 and Cost
=$1,000, this year what is the maximum CCA for this year?
This year, Company ABC purchases Class 8 (20%) assets for $50,000 and sold furniture (Proceeds = $2,000 and Cost=$1,000, this year what is the maximum CCA for this year is $8,000.
To calculate the maximum Capital Cost Allowance (CCA) for the given scenario, we need additional information such as the CCA rate applicable to Class 8 assets and the tax jurisdiction's specific rules for calculating CCA. CCA rates and rules can vary by country or region. However, I can provide a general explanation of how CCA is calculated.
Capital Cost Allowance (CCA) is a tax deduction that allows businesses to recover the cost of eligible assets over time. The CCA amount depends on the class of the asset and the applicable CCA rate.
Assuming that Class 8 assets have a CCA rate of 20% and the furniture sold falls under Class 8, we can calculate the maximum CCA for this year as follows:
Calculate the total cost of Class 8 assets purchased:
Total cost of Class 8 assets = $50,000
Determine the CCA amount for the Class 8 assets:
CCA amount = Total cost of Class 8 assets x CCA rate
CCA amount = $50,000 x 0.20
CCA amount = $10,000
Subtract the proceeds from the sale of furniture from the CCA amount:
Maximum CCA for this year = CCA amount - Proceeds from sale of furniture
Maximum CCA for this year = $10,000 - $2,000
Maximum CCA for this year = $8,000
Please note that this calculation is a simplified example, and the actual CCA calculation may vary based on specific tax regulations and the tax jurisdiction in question.
It is always advisable to consult with a tax professional or refer to the relevant tax authority's guidelines for accurate and up-to-date information on CCA calculations.
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Define the Branding Strategy As we have learned in this chapter, building a strong brand is critical to a product's long-term success. At the same time, it is important to understand how a product's position in its life cycle influences marketing mix decisions. Specific activities include: 1) Create a package design for the product. Specifically, the design should include necessary legal statements, marketing communications, and other information considered important for the package. Develop a warranty for the product. 2) Create a customer experience for the consumer that will buy the product. Specifically, the customer experience design should include items such as the location where the customer is met, the specific language that is used, the specific digital features used, and other information considered important for having an exceptional customer experience package.
A branding strategy involves designing the product's packaging, developing a warranty, and creating a customer experience to establish a strong brand identity and enhance customer satisfaction.
The branding strategy refers to the plan and actions taken by a company to establish and promote its brand in the market. It involves creating a distinct identity and image for a product or service to differentiate it from competitors and build customer loyalty.
To develop a strong branding strategy, companies can follow several steps:
1) Create a package design: This involves designing the physical appearance of the product's packaging. It should include legal statements, marketing communications, and other important information. For example, a cereal box may include nutritional information, ingredients, and branding elements to attract consumers.
2) Develop a warranty: Creating a warranty assures customers that the product is of high quality and offers a guarantee. This can help build trust and confidence in the brand. For instance, a smartphone may come with a warranty that covers manufacturing defects for a certain period.
3) Design a customer experience: Providing an exceptional customer experience is crucial in today's competitive market. This includes factors such as the location where customers are met, the language used to communicate with them, and digital features utilized. For example, a luxury hotel may focus on personalized service, upscale amenities, and a seamless digital booking experience.
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A $9,000 bond that carries a 3.50% coupon rate payable semi-annually is purchased 4 years before maturity when the yield rate was 5.00\% compounded semi-annually. a. Calculate the purchase price of the bond. $ Round to the nearest cent Round to the nearest cent b. What is the amount of discount or premium on the bond?
For the purchase price of the bond, we need to determine the present value of the bond's cash flows, including semi-annual coupon payments and the final payment at maturity.
Coupon Payment = Coupon Rate * Face Value / Number of Coupon Payments per Year
Coupon Payment = 3.50% * $9,000 / 2 = $157.50
Next, calculate the present value of the bond's cash flows using the yield rate and the time to maturity:
PV = Coupon Payment / (1 + Yield/2) + Coupon Payment / (1 + Yield/2)^2 + ... + (Coupon Payment + Face Value) / (1 + Yield/2)^n
In this case, the bond was purchased 4 years before maturity, so the total number of semi-annual payments (n) is 8.
PV = $157.50 / (1 + 5.00%/2) + $157.50 / (1 + 5.00%/2)^2 + ... + ($157.50 + $9,000) / (1 + 5.00%/2)^8
After performing the calculations, the bond's purchase price would be $8,179.45 (rounded to the nearest cent).
b. To determine the amount of discount or premium on the bond, we need to compare the purchase price with the face value.
Discount/Premium = Purchase Price - Face Value
Discount/Premium = $8,179.45 - $9,000 = -$820.55 (rounded to the nearest cent)
In this case, the bond has a discount of $820.55.
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Merchandising and Manufacturing Operations
Merchandising operations which are exchange of goods, are performed as a primary source of revenue. These include purchase and sale of goods, or merchandising inventory.
Manufacturing operation deals with conversion of raw materials to finished goods. This includes production food, machines, equipment, and textiles.
Merchandising operations involve the buying and selling of goods as the primary source of revenue for a business. In this type of operation, the business acts as a middleman by purchasing goods from suppliers or manufacturers and then selling them to customers.
The focus is on the efficient management of inventory, pricing, and sales to generate profits. On the other hand, manufacturing operations involve the transformation of raw materials and components into finished goods. This process typically includes various stages such as production planning, sourcing of materials, manufacturing, quality control, and distribution. Manufacturers are responsible for designing, producing, and delivering the final products to the market. They often have more control over the production process and can customize products based on customer needs.
Both merchandising and manufacturing operations play crucial roles in the business world. Merchandising operations rely on effective purchasing and marketing strategies to generate revenue, while manufacturing operations involve the production and delivery of goods to meet market demand. The success of both types of operations depends on factors such as supply chain management, quality control, customer satisfaction, and efficient resource allocation.
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Wages, salaries, and benefits are usually NOT based upon: skills job level experience popularity At some companies, single people are offered benefits to offset some offered to married people. These singles benefits may include all of the following EXCEPT: concierge services few sudden changes in their work predictable schedules matchmaking services
Wages, salaries, and benefits are usually not based on popularity. Among the benefits offered to single people, matchmaking services are typically not included.
When determining wages, salaries, and benefits, factors such as skills, job level, and experience are commonly considered. Popularity, which refers to personal likability or favoritism, is generally not a basis for determining compensation in most organizations. In some companies, benefits may be offered to single individuals to offset certain benefits provided to married employees. These benefits are intended to cater to the unique needs of single employees.
Examples of such benefits include concierge services, which offer assistance with personal tasks, and predictable schedules that allow for better work-life balance. Additionally, few sudden changes in work arrangements can provide stability and consistency for single employees. However, matchmaking services, which aim to facilitate romantic relationships, are typically not among the benefits offered to single individuals. Hence, while wages, salaries, and benefits are not determined based on popularity, among the benefits provided to single people, matchmaking services are generally not included.
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PIVOT! World Joy produces naturally made clothing and accessories. Their most popular item is the 'Easy Hat', a crocheted packable hat that generates more sales than any other item the company sells.
World Joy, a producer of naturally made clothing and accessories, experiences high sales with their popular 'Easy Hat', a crocheted packable hat.
World Joy specializes in producing naturally made clothing and accessories. Among their extensive product line, the 'Easy Hat' stands out as their best-selling item. This crocheted packable hat has garnered significant popularity and consistently generates high sales. Customers are drawn to the hat's unique design, practicality, and versatility, making it a preferred choice among World Joy's offerings. The success of the 'Easy Hat' demonstrates World Joy's ability to create products that resonate with their target audience and meet their needs. By focusing on producing high-quality, environmentally friendly items like the 'Easy Hat', World Joy has established a strong position in the market and continues to thrive in the industry.
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In June 2021, Sue exchanges a sport-utility vehicle (adjusted basis of $16,000; fair market value of $19,500 ) for cash of $2,000 and a pickup truck (fair market value of $17,500 ). Both vehicles are for business use. Sue believes that her basis for the truck is $17,500.
Is Sue correct? Why or why not? As part of your response, compute Sue's realized gain or loss (and any recognized gain or loss) on the exchange.
____She must treat the transaction as ____Therefore the basis of the new property is $____ and Sue has a gain recoonized gain of $____
The answers are:
a- Sue must treat the transaction as an exchange of property.
b- The basis of the new property is $16,000.
c- Sue has a realized gain of $3,500, but if the exchange qualifies for a like-kind exchange, she has no recognized gain.
Sue is not correct in believing that her basis for the pickup truck is $17,500. When a taxpayer exchanges property for other property, the basis of the new property is generally the same as the adjusted basis of the property given up. In this case, Sue's sport-utility vehicle has an adjusted basis of $16,000. Therefore, the basis of the new pickup truck is also $16,000.
To compute Sue's realized gain or loss on the exchange, we subtract the adjusted basis of the property given up from the total consideration received. Sue received $2,000 in cash and a pickup truck with a fair market value of $17,500, making the total consideration $19,500 ($2,000 + $17,500). Sue's realized gain is $19,500 - $16,000 = $3,500.
Whether or not Sue has a recognized gain depends on if she meets certain requirements, such as if the exchange qualifies for a like-kind exchange. Assuming it does, Sue's recognized gain would be zero since she received like-kind property.
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If a firm has a cash cycle of 8 days and an operating cycle of 39 days, what is its average payment period? Multiple Choice A. 8 days B. 47 days C. 31 days D. 39 days
The average payment period can be calculated by subtracting the cash cycle from the operating cycle. The cash cycle represents the time it takes for a firm to convert its cash into inventory and then sell that inventory, while the operating cycle represents the time it takes for a firm to convert its resources (inventory) into cash through sales.
The difference between these two cycles gives us the average payment period, which is the time it takes for a firm to pay its suppliers after receiving goods.
In this case, the cash cycle is 8 days, and the operating cycle is 39 days. To find the average payment period:
Average Payment Period = Operating Cycle - Cash Cycle
Average Payment Period = 39 days - 8 days
Average Payment Period = 31 days
Therefore, the average payment period for the firm is 31 days. The correct answer is C. 31 days. This means, on average, it takes the firm 31 days to pay its suppliers after receiving goods.
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Bellingham Company produced 2,800 units that require 14 standard pounds per unit at a $6 standard price per pound. The company
actually used 38,400 pounds in production.
Journalize the entry to record the standard direct materials used in production.
The journal entry would be to debit the Work in Progress account for $84,000 and credit the Raw Materials Inventory account for the same amount.
The journal entry to record the standard direct materials used in production would be as follows:
Date: [Date of the transaction]
Work in Progress $84,000
Raw Materials Inventory $84,000
To record the standard direct materials used in production, the Work in Progress account is debited and the Raw Materials Inventory account is credited.
Calculation:
Standard pounds per unit = 14 pounds
Actual pounds used = 38,400 pounds
Standard price per pound = $6
Standard direct materials cost = Standard pounds per unit × Standard price per pound
Standard direct materials cost = 14 pounds × $6 = $84
Total standard direct materials cost = Standard direct materials cost × Number of units produced
Total standard direct materials cost = $84 × 2,800 units = $84,000
Therefore, the journal entry would be to debit the Work in Progress account for $84,000 and credit the Raw Materials Inventory account for the same amount.
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A manufacturer of kitchen appliances is preparing to set the pricet on a new blender. Demand is thought to depend on the price and is represented by the followig model D=2,900−3P The accourting department estinates that the total cost can be represented by the following model C=4,300+40 Divelop a mathemabicalmodel for the total profit TP in torms of the price P A mathemstical model for the total profit in terms of the price P is TP = (Simplity your answoe. Do not factor)
The mathematical model for the total profit (TP) in terms of the price (P) can be determined by subtracting the total cost (C) from the total revenue (R). In this case, the total revenue can be calculated by multiplying the demand (D) by the price (P), as revenue = D * P. The total cost is given as C = 4,300 + 40. Therefore, the mathematical model for the total profit is:
TP = R - C
= (D * P) - (4,300 + 40)
= (2,900 - 3P) * P - 4,340
To develop a mathematical model for the total profit (TP) in terms of the price (P), we need to consider the demand (D), total revenue (R), and total cost (C). The demand is given as D = 2,900 - 3P, which means that as the price increases, the demand decreases. The total revenue is calculated by multiplying the demand by the price, which gives R = D * P.
The total cost is given as C = 4,300 + 40, representing a fixed cost of $4,300 and a variable cost of $40 per unit. To calculate the total profit, we subtract the total cost from the total revenue, giving TP = R - C.
By substituting the expressions for R and C into the total profit equation, we get TP = (2,900 - 3P) * P - 4,340. This equation represents the total profit as a function of the price.
Note: It is important to simplify the equation by expanding the brackets and combining like terms to obtain the final mathematical model for total profit in terms of the price.
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Union Local School Distric hirs bonds outstanding with a coupon rate of 3.2 percent paid semiannually and 15 years to maturity. The yeld to maturity on these bonds is 3.5 pecent and the bonds have a par yalue of $5.000 What is the dollar price of each bond? (Do not round intermediote calculetions and round your answer to 2 decimal places, e.9., 32.16.)
The dollar price of each bond for Union Local School District can be calculated using the coupon rate, yield to maturity, and the bond's characteristics.
Given a coupon rate of 3.2% paid semiannually, a 15-year maturity period, and a par value of $5,000, the dollar price of each bond can be determined. The answer will be rounded to two decimal places.
To calculate the dollar price of each bond, we need to consider the present value of the bond's future cash flows, including both coupon payments and the par value. The coupon payments are calculated by multiplying the coupon rate by the par value and dividing it by the number of coupon periods per year (semiannually in this case).
The present value of the bond's cash flows is determined by discounting each cash flow using the yield to maturity. The yield to maturity represents the overall return on the bond and is used as the discount rate in the present value calculations.
By discounting each cash flow and summing them up, we can calculate the dollar price of each bond. It represents the present value of all the bond's cash flows. To obtain the specific dollar price, it is necessary to perform the detailed calculations using the provided coupon rate, yield to maturity, and bond characteristics.
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As relative prices in various industries change due to trade, the marginal product of fixed resources used in the expanding industry __________, and the marginal product of fixed resources used in the contracting industry __________.
rises; falls
changes by exactly the same percentage; changes by exactly the same percentage
falls; rises
remains the same; remains the same
I do not understand this, can anyone help me?
As relative prices in various industries change due to trade, the marginal product of fixed resources used in the expanding industry rises, and the marginal product of fixed resources used in the contracting industry falls .
Certainly! I can help explain the relationship between relative prices in industries and the marginal product of fixed resources.
Let's break it down:
Expanding Industry: As relative prices increase in an expanding industry (due to increased demand or favorable market conditions), firms in that industry have greater incentives to expand their production.
To meet the increased demand, firms allocate more of their fixed resources, such as capital or labor, to the expanding industry. As a result, the marginal product of these fixed resources in the expanding industry rises.
Contracting Industry: Conversely, as relative prices decrease in a contracting industry (due to reduced demand or unfavorable market conditions), firms in that industry have less incentive to produce.
They may reduce their production levels or reallocate their fixed resources to more profitable industries. This leads to a decrease in the marginal product of fixed resources in the contracting industry.
Therefore, the correct answer is: rises; falls. The marginal product of fixed resources used in the expanding industry rises, while the marginal product of fixed resources used in the contracting industry falls as relative prices change in various industries due to trade.
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