Answer:
Texia; Texia
Explanation:
A country has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries
Texia can produce 1000 units of food while Urbania can produce 500 units of food . Texia produces more food
Texia can produce 500 units of clothing while Urbania can produce 200 units of clothing. Texia produces more clothing
Texia has an absolute advantage in both activities
In at least 150 words, examine the elements that might lead to a worker receiving a higher salary. Be sure to provide details and examples from your lesson. Provide specific detail and in depth discussion of at least two of the element areas requiring higher pay.
Answer:
As salaries are paid to workers by virtue of the work they perform, a factor that can be decisive for a salary increase is none other than a greater or better performance of the tasks that the worker performs.
On the other hand, wages can also rise if the country's minimum wage is raised, or if there is a situation of inflation that renders workers' wages useless over time.
And also, it may happen that the company that pays the worker's salary is in an exceptional situation that implies a salary improvement as a way of rewarding the performance of its workers.
You are concerned that the accountant in your organization might have the chance to modify financial information and steal from the company. You want to periodically have another person take over all accounting responsibilities to catch any irregularities. Which security principle are you implementing by periodically shifting accounting responsibilities
Answer:
The security principle that I'm implementing is Job rotation.
JPL Company has two segments - Retail and Commercial. The Retail segment has a contribution margin ratio of 40% and traceable fixed expenses of $70,000. Commercial has traceable fixed expenses of $50,000 and a contribution margin ratio of 55%. The company also has $30,000 of common fixed expenses. The break-even point in dollar sales for the Retail segment equals: Multiple choice question. $212,500 $116,667 $175,000 $250,000
Answer:
$175,000
Explanation:
Calculation to determine what The break-even point in dollar sales for the Retail segment equals:
Using this formula
Break-even point in dollar sales =Traceable fixed expenses/Contribution margin ratio
Let plug in the formula
Break-even point in dollar sales =$70,000 / 40% Break-even point in dollar sales = $175,000
Therefore The break-even point in dollar sales for the Retail segment equals:$175,000
Suppose that eight workers can manufacture 70 radios per day and that nine workers can manufacture 90 radios per day. If radios can be sold for $20 each, the value of marginal product of the ninth worker is a. $200. b. 20 radios. c. 90 radios. d. $400.
Answer:
d. $400.
Explanation:
The computation of the value of marginal product of the ninth worker is given below:
= (90 radios × $20) - (70 radios × $20)
= $1,800 - $1,400
= $400
Hence, the value of marginal product of the ninth worker is $400
Therefore the option d is correct
Having a __________ to give you information and encouragement can contribute to a successful career. [ Choose ] Review your ___________ carefully so you know what your duties are. [ Choose ] The _____________ gives the employer and employee a chance to see how things are working out for each of them. [ Choose ] _________ includes learning activities that help you improve your career knowledge and performance. [ Choose ] New hires are likely to be part of a/an _______ of professionals working together. [ Choose ] A/an _______ is a person who serves as a positive example or professionalism [ Choose ] Check the ________ to learn about the organization in which you work. [ Choose ] Going through a/an __________helps both of you and your employer track your progress [ Choose ] Honesty and morality are signs of _______, an important quality for the employee [ Choose ] Employees should always ________ for their work.
Answer:
Profession
Job descriptions
Objectives
team
professional
company manual
appraisal
professionalism
be integrity
Explanation:
An employee is a professional who is qualified with skills that are required for a certain jib. He is assigned his job description when he is hired and it is expected that he will be able to perform his duties with integrity and objectivity.
Based on expected production of 6,000 units, a company reports the following costs: direct materials cost of $4 per unit, direct labor cost of $8 per unit, variable overhead cost of $3 per unit, fixed overhead of $60,000 per year, variable selling and administrative expenses of $2 per unit, and fixed selling and administrative expenses of $20,000 per year. There is no beginning inventory. If 4,000 units are sold at $40 per unit, what is net income under absorption costing
Answer:
Net operating income= $32,000
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
First, we need to calculate the unitary fixed overhead and unitary total cost:
Unitary fixed overhead= 60,000 / 6,000= $10
Unit product cost= direct material + direct labor + total unitary overhead
Unit product cost= 4 + 8 + 3 + 10
Unit product cost= $25
Now, the net operating income:
Net operating income= Sales - COGS - Total variable selling and administrative expenses
Net operating income= 4,000*40 - 25*4,000 - (2*4,000 + 20,000)
Net operating income= 160,000 - 100,000 - 28,000
Net operating income= $32,000
Genna approached Al Ternator about joining the business as an owner. She offered to provide the technical expertise and deal directly with customers, while Al, who has a degree in finance, takes care of the financial side of running Car Keepers. In addition, Genna wants Al to contribute some much-needed money for expansion. Under Genna's proposal, she and Al would operate the business together as
As a partnership.
for further descriptions see screenshot
Hàm số câif và cung của một hàng hóa như sau Qd=80-10P Qs=-70+20P Xác định giá và sản lượng cân bằng trên thị trường
Answer:
Equilibrium price = $5
Equilibrium quantity = 30 units
Explanation:
Given:
Quantity demanded = Qd = 80 - 10P
Quantity supplied = Qs = -70 + 20P
Find:
Equilibrium price and quantity
Computation:
Equilibrium price and quantity
Qd = QS
So,
80 - 10P = -70 + 20P
150 = 30P
Equilibrium price = $5
Qd = 80 - 10P
Qd = 80 - 10(5)
Equilibrium quantity = 80 - 50
Equilibrium quantity = 30 units
The approach to estimating project time and cost that begins with an overall estimate for the project and then refines estimates for various stages of the project as it is implemented is known as ____________. Multiple Choice range estimating phase estimating method parametric procedure template method WBS method
Answer:
phase estimating method
Explanation:
The approach to estimating project time and cost that begins with an overall estimate for the project and then refines estimates for various stages of the project as it is implemented is known as PHASE ESTIMATING METHOD
The above statement is based on the fact that PHASE ESTIMATING METHOD is applicable whereby the total estimate of a product life cycle is extremely difficult to ascertain.
Instead, to get the estimate, each elemental stage is estimated one after the other, with the immediate stage having an elaborate estimate, while the subsequent stages having a brief or overview estimate.
FitWear Inc, a sporting goods footwear and apparel company, features photographs of celebrities wearing its brand of clothing and sports gear, FitWear Inc. launched a commercial for its new line of football cleats. This commercial featured famous football Stars because the company believes that celebrities can influence customers' buying decisions. In this case, the football stars served as
A. aspirational reference groups
B. opinion leaders
C, decision makers
D. nonaspirational reference groups
Answer:
B. opinion leaders
Explanation:
Opinion leadership is leadership via the user who used the active media in order to interpretation the meaning of the message related to media or for the lower end media users
It is to be done for high esteem in the case of acceptance of their opinions
As the individuals influence the common people so it is a opinion leaders
since they are individuals influencing common people
Carter Production, Inc.'s required production for the first six month of the year is as follows. Month Required Production January 50,000 February 70,000 March 85,000 April 105,000 May 110,000 June 120,000 Each unit requires two pounds of material. Given a desired ending inventory of 20% of next month's production needs, the pounds of material to be purchased in April is: Multiple choice question.
Answer:
212,000 pounds
Explanation:
Calculation to determine what the pounds of material to be purchased in April is
Beginning inventory 210,000
(105,000 x 2)
Add Ending inventory 44,000
(20% of May production needs
( 110,000 x 2 x 20%)
Less Beginning Inventory 42,000
(20% of April)
April pounds of material to be purchased 212,000 pounds
(210,000+44,000-42,000)
Therefore the pounds of material to be purchased in April is 212,000 pounds
Both competitive firms and monopolies produce at the level where marginal cost equals marginal revenue. Then, other things remaining the same, why is price lower in a competitive market than in a monopoly? A. Competitive markets face perfectly elastic demand and marginal revenue, while monopolies face downward-sloping demand and marginal revenue. B. Competitive markets face perfectly inelastic demand and marginal revenue, while monopolies face perfectly elastic demand and marginal revenue. C. The government puts a cap on how much a competitive firm can charge, while a monopolist can charge any price it chooses. D. A competitive market sets its price where marginal cost equals demand, while a monopolist sets its price where marginal cost equals marginal revenue.
Answer:
A. Competitive markets face perfectly elastic demand and marginal revenue, while monopolies face downward-sloping demand and marginal revenue.
Explanation:
In the case when competitive firms and monopolies generated at the level in which the marginal cost is equivalent to marginal revenue keeping the other things constant so the price should be less in the competitive market as compared to the monopoly because in the competitive markets it face perfectly elastic demand but in the monopoly it face the down ward sloping demand curve
Therefore the option a is correct
Industries that produce A. durable goods are more affected by recessions than is the economy as a whole. B. goods that are expected to last for fewer than three years are more affected by recessions than are durable goods. C. durable goods are less affected by recessions than is the economy as a whole. D. goods that are expected to last for three or more years are less affected by recessions than are nondurable goods.
Answer:
A. durable goods are more affected by recessions than is the economy as a whole
Explanation:
The industries produce those types of goods that are durable also it could highly impacted whenever the recessions come in the market if we compared with the overall economy
Here durable goods means the goods that can be consumed for the longer time like cars, home appliances, etc
Therefore the above statement should be true
hence, the correct option is a.
A firm that can effectively price discriminate will charge a higher price to Group of answer choices customers who have the more inelastic demand for the product. buyers who belong to the largest market segment. customers who have the more elastic demand for the product. buyers who are members of the smallest market segment.
Answer:
customers who have the more inelastic demand for the product.
Explanation:
Price discrimination is when the same product is sold at different prices to customers in different markets
types of price discrimination
1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.
2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.
3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students
Requirements to practice successful price discrimination
1. The firm must have market power. If the firm does not have market power and attempts to price discriminate they would lose customers
2. The firm must have different elasticities of demand for their product in different markets
3. The firm must be able to segment the market for their products
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
If a firm charges the higher price in the market where customers have a more inelastic demand, the fall in quantity demanded would be less than the increase in price. As a result, total revenue would increase
If on the other hand, the higher price is charged in the market with the more elastic demand, the fall in quantity demanded would exceed the price increase. As a result, total revenue would fall.
Al hires Bob to move his furniture to his new house. On the day of the move, Bob does not feel like moving furniture, so he asks his friend Chuck to move the furniture. Chuck decides to leave before completing the move in order to watch a football game on TV. Al has to delay his move and hire another mover at a higher price. Al wants to sue Bob to recover for his damages. Given these facts, Al will most likely:
Answer: Win, because Bob is still liable to Al.
Explanation:
Accepting to do a job must come with commitment on the side of the servicer. It is unjust to accept a job without making much effort or input to see it carried out. Some businesses do this especially when a bigger offer comes their way and these puts a bad name to their organization as the failed client will have no good thing to say about them, when the cases goes like this, the client who was failed raises the issue to court and would win since he has already engaged the services, this is the tail between Bob and Al.
Erosion can be described as the _____________________. Multiple Choice expenses that have already been incurred and cannot be recovered change in net working capital related to implementing a new project cash flows of a new project that come at the expense of a firm's existing cash flows alternative that is forfeited when a fixed asset is utilized by a project differences in a firm's cash flows with and without a particular project
Answer:
washing away of the top most layer of the Earth surface
Consider an economy with two agents, Amy and Becky, and two goods, x and y. Amy's utility function is U_A(x,y)=x_Ay_A, and Becky's utility function is U_B=\min\{4x_B,y_B\}. Amy and Becky's endowments are both \omega_A=\omega_B=(4,1). Suppose that the contract curve in this economy can be represented as y_A=mx_A. Find m.
Answer:
M=3
Explanation:
1. UA(x,y) = XAYA & Ug = min{3XB,YB} WA=WB=(3,1)
Now contract curve is locus of all Pareto efficient allocations,
Where
3XB_YB
XA + XB = X = 3+3=0
→ XB = 6 - X^
YA+YB = 1 + 1 = 2
YB = 2 - YA
Thus 3(6-XA) 2 - YA =
18-3XA-2+ YA = 0
➡16-3XA+ YA = 0
➡YA 3XA - 16 =
YA = 3XA
m = 3
as
So, if
then
2. UA(XA,YA) = 6XA+ YA & UB(XB, YB)= XB + 6YB
WA WB (10,10)
Core is locus of all pareto efficient allocations that make both individuals better off, as compared to these welfare level at endowment levels,
MRSA MUX/MUY = 6, MRSB-1/6 UA-6(10) + 10 = 70 = UB
Now, min XA is such that Uª> 70
➡ 6XA + YA≥ 70 as for core, allocation is Necessarily first pareto optimal,
So, YA = 0, then
➡ 6X₁> 70
➡XA≥ 70/6
Min XA2 11.67 is the answer.
Toby has been working on collecting tidbits over the past year from a financial firm's trash in an effort to eventually break into their system. Even though the financial firm has strict restrictions on access to their trash, Toby has been able to bypass these restrictions. How has Toby most likely done this
Answer:
By acting or posing as a waste management collector looking to fix the dumpster or collect the debris
Explanation:
The computer as an electronic machine has served as a tool or an object of the crime, subject of the crime and an instrument of the crime
Cyber crime
This is simply known as a criminal act. It is the process by which there is the stealing or destruction of information, resources, or funds utilizing computers, computer networks and the Internet.
Computer fraud
This is simply a type of fraud committed with the use of contemporary technology and it is regarded as a law crime. It includes theft of information and corporate espionage etc.
Most cyber crimes are usually well organized. The individual committing the crime usually puts a lot of efforts in achieving their goal. Toby could only have gained access to the company dumpster if he poses as the one or company sent to collect the trash.
The practitioner completes an incision and drainage of a patient's infected right heel, which tested positive for MRSA. What statement is true regarding how the perioperative team should perform postoperative cleaning after this patient leaves the OR?
Answer:
after the patient leave
Bob and Sally were recently married. They are currently working on their estate plan. As their Financial Planner, they tell you that Sally is not a citizen of the United States. She is originally from Japan. When you are looking at their estate plan, what type of trust should you include
Olivia is working with a small group of five coworkers put together by their CEO, Ben. They have been instructed to take care of an inequality in their manufacturing plant. Olivia and her team have the authority to make decisions by themselves without the approval of Ben. Olivia is working in ______.
Answer:
Both a self-managing team and a problem-solving team.
Suppose the government wants to increase​ farmers' incomes. Why do price supports or​ acreage-limitation programs cost society more than simply giving farmers​ money? A. A price support reduces the quantity demanded by​ consumers, which results in a loss of surplus that is not captured by farmers or consumers. Giving farmers money results in a smaller deadweight loss because it is merely a redistribution of surplus from one group to the other. B. A price support forces an increase in demand by​ consumers, which results in a loss of consumer surplus that is not captured by farmers​ (deadweight loss). Giving farmers money results in a smaller deadweight loss because it is merely a redistribution of surplus from one group to the other. C. A price support forces an increase in demand by​ consumers, which results in a loss of consumer surplus that is not captured by farmers​ (deadweight loss). Giving farmers money​ doesn't result in any deadweight loss but is merely a redistribution of surplus from one group to the other. D. A price support reduces the quantity demanded by​ consumers, which results in a loss of surplus that is not captured by farmers or consumers. Giving farmers money​ doesn't result in any deadweight loss but is merely a redistribution of surplus from one group to the other.
Answer:
A.
Explanation
The price supports or acreage-limitation programs would cost society more than simply giving farmers money because "A price support reduces the quantity demanded by consumers, which results in a loss of surplus that is not captured by farmers or consumers. Giving farmers money results in a smaller deadweight loss because it is merely a redistribution of surplus from one group to the other."
This is based on the fact that usually price supports lead to massive production and smaller consumption because consumers tend to buy less of any good as price increases, thereby turning to overproduction at the support price.
When working with text boxes and shapes, which tab contains settings for applying shadows and 3-D rotation to objects?
Fill & Line
Effects
Size & Properties
Picture
Answer:
B) Effects
Explanation:
In Microsoft Presentation the shadows and 3-D rotation option are available inside the Home tab. This option is used to provide special effects on the slides. and other options are not correct that can be described as:
The fill & Line both option working is different from each other the fill option used for fill color in shapes and the Line is used to provide a line in the presentation.The Size & Properties option is used to change the size and property of an object.The picture option is used to insert a picture or modify a picture in the presentation.
Answer:
Effects
Explanation:
To increase the number of orders it receives from recipients of its direct-mail advertising, the maker of All-Natural Diet Products encloses a special envelope that customers can use to mail their orders without paying postage. This special envelope is an example of _____ mail.3
Answer:
C. business reply
Explanation:
In the case when we have to increase the no of orders that could be received via direct mail adverstising and the customer could use the special kind of envelope for mailling the orders so this should be an example of business reply mail as it is concerned with the business and here the orders are to be an important factor that becomes very important for the company.
Therefore the option c is correct
A strategic group consists of those firms in an industry that Group of answer choices employ similar competitive approaches and occupy similar positions in the market. are subject to the same driving forces. place about the same emphasis on each distribution channel. have similar size market shares. use the same key success factors to differentiate their products.
Answer:
employ similar competitive approaches and occupy similar positions in the market.
Explanation:
A strategic group means the set of the firms that should be within the industry that having same kind of strategy.
Also it employed the same kind of competitive approach due to this it occupied the same kind of position in the market
Therefore the first option is correct
Hence, the same is to be considered
The primary reason economists invoke the six assumptions of the perfect price competition model is because: A. To illustrate the possibility of monopoly in a free market. B. To illustrate the impossibility of monopoly in the free market. C. To tum scatter diagrams into continuous graphs with one market price. D. To tum the firms demand curve into the markets demand curve. E. To tum the ' law of demand ' into the ' law of suppl
Answer:
To tum scatter diagrams into continuous graphs with one market price.
Explanation:
The main reason when the economist include the six assumptions with respect to the perfect price competition model i.e. large no of buyers & sellers, same kind of product, perfect knowledge, free entry or exit, absence of selling cost, and no discirmination
So this is due to when the scatter diagram would be transform into the continous graphs having one single price
Risk acceptance is a natural part of driving. Risks are always present, and the compensation involves: Recognizing _____________________ errors. Making appropriate adjustments A driver often makes ________________ decisions in city traffic driving Studies indicate that drivers who do not wear safety belts tend to make more risks while driving than drivers wearing seat belts. Driving behavior is based on risk ___________________ rather than _________________ risk. Factors that drivers cannot control in risk management are: _____________________________________ _____________________________________
Answer:
Balls
Explanation:
Balls
The correct answers for the blanks are as follows:
Recognizing and correcting errors.Split-second decisions.Risk perception rather than actual risk.External conditions such as weather, road conditions, and other drivers' actions.Correcting errors refers to the process of identifying and rectifying mistakes or faults in one's actions or behaviors. In the context of driving, it involves recognizing and addressing any errors or incorrect maneuvers made while operating a vehicle.
This can include correcting improper lane changes, adjusting speed to match road conditions, maintaining proper following distance, signaling turns accurately, and adhering to traffic rules and regulations.
Correcting errors requires attentiveness, self-awareness, and the ability to promptly take corrective actions to ensure safe and responsible driving. It plays a crucial role in mitigating risks and preventing potential accidents or hazards on the road.
Learn more about correcting errors here:
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Zupiter Corp. follows a culture that requires strict adherence to rules and regulations with fixed time schedules for daily activities. The firm is highly efficient and places emphasis on being economical. It conducts its business in a methodical manner. In the given scenario, Zupiter Corp. is said to have the
Answer:
consistency corporate culture.
Explanation:
Since in the situation it is given that the corporation follows the culture that means they are strict to the rule and regulations along with the time scheduling that are fixed for day to day activities so that the business could be conducted in the methodical manner so here we can say that the culture of the corporate is consistent that means it is same as before and the same should be applied in near future
A 20 percent increase in the price of flour reduces flour consumption by about 10 percent. Such a price increase causes households to Group of answer choices spend less on flour. spend more on flour. spend the same amount on flour as before. consume more goods like salt and baking powder, which are flour complements.
Answer:
spend more on flour.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
10 / 20 = 0.5
Demand is inelastic
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one.
Consumers would spend more on flour due to the increase in price and the fact that demand is inelastic.
Other types of price elasticity of demand are :
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
Compare the sources of consumer credit travel and entertainment credit revolving check credit closed-end credit
Answer:
The source of consumer credit is credit obtained on services like banking, insurance and travel.
Explanation:
Source of consumer credit are savings, credit union, sales , life insurance and loans etc. Entertainment credit is a state provided naturla pension credit union its controlled by the members. Is a loan or a form of credit, where the fund is dispersed in full when the loan is closed and must be given back.