a business is employing inputs such that the marginal product of labor is 50 and the marginal product of capital is 100. the price of labor is $20, and the price of capital is $50. if the business wants to minimize costs while keeping output constant, then it should

Answers

Answer 1

Less labor and more capital should be used by the company if it wishes to keep costs low and production steady.

What is cost minimization?

The primary principle that producers employ to determine what combination of labor and capital delivers output at the lowest cost is cost minimization. To put it another way, what would be the most economical way to deliver goods and services while keeping an acceptable level of quality.

Costs are reduced so that the marginal product of labor divided by the wage (w) equals the marginal product of capital divided by the capital rental price at the levels of capital and labor (r).

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Related Questions

What is the answer I chose the one I thought was the answer

What is the answer I chose the one I thought was the answer

Answers

Answer: I think that ones the answer too

Answer:

c is

Explanation:

can you guys make me instagram famous? plz i need help

Answers

Answer:

sis what

Explanation:

make a public account post good pics ✋put a lot of hastagstag ppl

tas it

i’m not sure if we can make that happen but i have my sister follow your account i don’t have that much social media.

a retailer cannot sell campbell soup if it also sells other brands of soup. this is an example of: a. resale price maintenance. b. price discrimination. c. a tying agreement. d. exclusive dealing.

Answers

The scenario described is an example of a tying agreement, which is a potentially anti-competitive practice that restricts consumer choice and competition.

The scenario presented is an example of a tying agreement. A tying agreement occurs when a seller requires a buyer to purchase one product in order to obtain another product. In this case, the retailer cannot sell Campbell Soup unless it agrees not to sell other brands of soup. This practice can be anti-competitive because it limits consumer choice and restricts competition.

Resale price maintenance refers to a practice where a manufacturer or supplier dictates the price at which a retailer can sell its product. Price discrimination is the act of charging different prices to different customers for the same product or service. Exclusive dealing occurs when a supplier restricts a retailer from selling competing products or services.

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Debbi Fields' success as an entrepreneur can be attributed to her prior business training and
experience.
False
True

Answers

I believe it is true

Answer: False

Explanation:

U.S. state versus federal law makes this issue particularly complex. What are other examples of industries where U.S. state and federal law are seemingly at odds

Answers

Industries where U.S. state and federal law can conflict or seem at odds are Marijuana, Gun control, Healthcare, Environmental regulations, Internet privacy.

There are several examples of industries where U.S. state and federal law can conflict or seem at odds:

Marijuana: While some states have legalized marijuana for both medical and recreational purposes, it remains illegal under federal law. This creates legal and financial challenges for businesses operating in the marijuana industry, as they cannot access traditional banking services or deduct business expenses from their federal taxes.

Gun control: States have varying laws on gun ownership and regulations, but federal law sets some minimum standards. The conflict between state and federal law on gun control can lead to confusion and controversy, especially after mass shootings.

Healthcare: The Affordable Care Act (ACA) is a federal law, but states have some flexibility in implementing its provisions. Some states have refused to expand Medicaid or have implemented other changes that conflict with federal guidelines.

Environmental regulations: States have their own environmental regulations, but federal regulations can be stricter. This can create challenges for businesses operating in multiple states and trying to comply with different standards.

Internet privacy: Some states have passed laws regulating internet privacy and data protection, but there is no federal law on the matter. This can create confusion for businesses operating across state lines and trying to comply with different regulations.

These are just a few examples of industries where U.S. state and federal law can conflict or seem at odds.

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Case: Aravind Eye Hospital: In Service for Sight
How efficient is Aravind in performing cataract operations (both in ECCE-Extracapsular Cataract Extraction and ICCE- Intracapsular Cataract Extraction) in comparison to the norm?

Answers

Aravind Eye Hospital is known for its efficiency in performing cataract operations, specifically ECCE (Extracapsular Cataract Extraction) and ICCE (Intracapsular Cataract Extraction).

Aravind Eye Hospital has established itself as a leader in providing cataract surgeries with exceptional efficiency. They have developed a unique surgical model that allows them to perform a high volume of cataract operations while maintaining high-quality outcomes.

One key factor contributing to Aravind's efficiency is their specialization and standardization of procedures. By focusing primarily on cataract surgeries, they have streamlined their processes, optimized surgical techniques, and trained their staff to perform with precision and speed.

Aravind also emphasizes task shifting, where highly skilled surgeons focus on critical steps of the surgery while trained paramedical personnel assist in other aspects. This approach allows for better utilization of resources and enables the surgeons to perform a larger number of surgeries.

Additionally, Aravind has implemented a cost-effective model by leveraging economies of scale, bulk purchasing, and resource optimization. They have developed their own manufacturing unit for producing intraocular lenses, reducing the cost of materials.

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To satisfy demands for withdrawals, banks keep:
A. discount rates.
B. monetary policies.
C. balance sheets.
D. fractional reserves.​

Answers

C. balance sheets

explanation:

Strait Co. manufactures office furniture. During the most productive month of the year, 3,200 desks were manufactured at a total cost of $83,900. In the month of lowest production, the company made 1,290 desks at a cost of $58,200. Using the high-low method of cost estimation, total fixed costs are

Answers

Using the high-low method of cost estimation, the total fixed costs for Strait Co. are approximately $44,078.40.

Using the high-low method of cost estimation, we can determine the fixed costs of Strait Co. by analyzing the difference in production levels and costs between the highest and lowest months.

To calculate the fixed costs, we need to determine the variable cost per unit first. This can be done by finding the difference in total costs between the highest and lowest months, and then dividing it by the difference in production levels.

Let's calculate the variable cost per unit:

Variable cost per unit = (Total cost in highest month - Total cost in lowest month) / (Production in highest month - Production in lowest month)

Variable cost per unit = ($83,900 - $58,200) / (3,200 - 1,290)

Variable cost per unit = $25,700 / 1,910

Variable cost per unit ≈ $13.46

Now that we have the variable cost per unit, we can calculate the fixed costs by subtracting the variable costs from the total costs in any given month.

Let's use the data from the highest month:

Total costs = Fixed costs + (Variable cost per unit × Production)

$83,900 = Fixed costs + ($13.46 × 3,200)

Fixed costs = $83,900 - ($13.46 × 3,200)

Fixed costs ≈ $44,078.40

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To examine
the weekly payroll of all employees, one would look at the:

Answers

To examine the weekly payroll of all employees, one would look at the: d. payroll register.

What is the payroll register?

The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.

A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.

Options:

a. W-4

b. employee earnings record

c. W-2

d. payroll register.

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which of the following statements related to market efficiency tend to be supported by current evidence? i. markets tend to respond quickly to new information. ii. it is difficult for the typical investor to earn above-average returns without taking above-average risks. iii. short-run prices are difficult to predict accurately based on public information. iv. markets are most likely strong-form efficient.

Answers

The following claims about market efficiency are generally supported by the available data: Markets frequently react to new information fast.

Briefing:-

The typical investor finds it challenging to get above-average profits without assuming above-average risks.

Accurately predicting short-term prices based on available information is challenging.

Which of the following claims on effective markets is accurate?

All information is reflected in the prices of securities. According to the efficient market theory, stock prices accurately reflect all available information.

What supporting data exist for market efficiency?

The effectiveness of technical analysis, the performance of investment analysts and mutual funds, the question of whether stock prices accurately reflect the information that is publicly available, and the random-walk behavior of stock prices have all been used as evidence in favor of market efficiency.

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Which person is vulnerable to identity theft?

A.
Beverley opens a line of credit to purchase a household appliance.
B.
Deborah fills out her income tax form and includes her Social Security number.
C.
Josiah misses three monthly car loan payments in a row.
D.
Randell uses a computer at a public library to view his bank account online.

Answers

Answer:

D. Randell

Explanation:

this is because anyone can walk behind him and see his info. plus library computers dont have much security, which makes it easily accessible by hackers

Randell using a computer at a public library to view his bank account online is vulnerable to identity theft. Thus, option 'D' is the correct option.

What is identity theft?

Identity theft happens when someone commits fraud or another crime using another person's personal information—such as their name, identification number, or credit card number—without that person's consent. In 1964, the phrase "identity theft" was first used. Since that time, both the U.K. and the U.S. have statutory definitions of identity theft that include the theft of personally identifiable information.

Identity theft is the intentional exploitation of another person's identity to acquire financial advantages, access to credit, and other benefits, as well as maybe to hurt or lose another person. When someone's identity is stolen, bad things might happen to them, especially if they are wrongly accused of being the offender. In this instance, the identity thief assumes a different identity in order to disguise their own true identity.

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a. are expensed as costs are incurred for direct labor, direct materials, and factory overhead b. appear on both the income statement and balance sheet c. appear only on the balance sheet d. appear only on the income statement

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Correct answer is A. Product costs are expensed as costs are incurred for direct labor, direct material, and factory overhead.

Product costs are the costs which is straightforwardly credited to the item. It incorporates the immediate material, direct work and distributed plant above. These expenses are absolutely brought about for the assembling of item. Pay proclamation presents all expenses brought about by business which included item expenses and period costs too. Accounting report conveys no expenses. Product costs are costs that are incurred to create a product that is intended for sale to customers. Product costs include direct material (DM), direct labor (DL), and manufacturing overhead (MOH)

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A student should first borrow federal loans because of:_______
a) relatively low
b) interest rates
c) borrower friendly
d) repayment options
e) potential interest subsidy
f) all answers are correct

Answers

A student should first borrow federal loans because of relatively low interest rates, borrower friendly repayment options, and potential interest subsidy.

Federal student loans are advantageous because they generally have the lowest interest rates and don't require a credit check. These loans can be subsidized or unsubsidized. To receive a subsidized loan, you must demonstrate financial need.

Federal student loans generally have lower interest rates than private loans. Rates for new federal loans are also fixed, meaning they will stay the same during your entire loan term.

Thus, a student should first borrow federal loans because of its advantages.

Hence, option F is correct.

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Question 6: Consider again Question 5 above. Now assume that the company is riskaverse with a utility function U(x) =1−e⁻ˣ where x is the return of the investment. Find the new value of p for which the two investments are equivalent. and B costs £1 upfront. If the economy performs well A brings in £2 but if it performs poorly it makes a loss of £1. The corresponding figures for investment B are a gain of £2 and a loss of £0.5, respectively. There is 50% chance that the economy performs well and 50% chance that it performs poorly. Assume that the company is risk-neutral. Find the value of p (in £ ) for which the two investments are equivalent. Question 6: Consider again Question 5 above. Now assume that the company is riskaverse with a utility function U(x)=1−e⁻ˣ where x is the return of the investment. Find the new value of p for which the two investments are equivalent.

Answers

The new value of p for which the two investments are equivalent is £1.39.

When the company is risk-averse with a utility function U(x) = 1−e⁻ˣ, the decision-making is influenced by the diminishing marginal utility of wealth. To find the new value of p, we compare the expected utilities of investments A and B. The expected utility of A is calculated as 0.5 * U(2-p) + 0.5 * U(-1-p), and the expected utility of B is 0.5 * U(2) + 0.5 * U(-0.5). Equating the two expected utilities and solving for p yields the value of £1.39. At this value of p, the risk-averse company is indifferent between the two investments since they offer the same expected utility.

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The financial manager of JAC Cosmetics is considering opening a lockbox in Pittsburgh. Checks cleared through the lockbox will amount to $21,000 per day. The lockbox will make cash available to the company two days earlier than is currently the case. Suppose that the bank offers to run the lockbox for a $33,600 compensating balance, answer the following:

a-1. Calculate the additional available cash generated by the lock-box system. A-2. Is the lockbox worthwhile?

b. Suppose that the bank offers to run the lockbox for a fee of $0. 21 per check cleared instead of a compensating balance. Assume an interest rate of 5% per year. What must the average check size be for the fee alternative to be less costly? Use a 365-day year

Answers

In this way, JAC will be in an ideal situation tolerating the remunerating balance offer. Indeed the Lock box is beneficial. The average check size be $ 4.60

For break–even, let x equal the typical check size. The daily cost of the lock-box is as follows, with 21,000 checks written per day:

                           =(21,000/x) × 21%

The other option is the $33,600 compensating balance. The lost interest is the daily cost, which is equal to:

                                     =(33,600 × 0.05)/365

These costs are equal if x = $4.60

Compensating balance:

A borrower must keep a compensating balance in their bank account as a minimum deposit. Corporate loans, rather than individual loans, typically call for a compensating balance.

A borrower's agreement to keep a certain minimum amount in their bank account with a lender is known as a compensating balance. The reason for this equilibrium is to diminish the loaning cost for the moneylender, since the bank can put the money situated in the repaying ledger and keep some or the entirety of the returns.

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Which of the following items should be capitalised within the initial carrying amount of an item of plant?


I A deduction to reflect the estimated residual value
II Cost of a three-year maintenance agreement
III Cost of transporting the plant to the factory
IV Cost of installing a new power supply required to operate the plant
V Cost of a three-week training course for staff to operate the plant

Answers

The items that should be capitalized within the initial carrying amount of an item of plant are: III) Cost of transporting the plant to the factory IV) Cost of installing a new power supply required to operate the plant

In accounting, capitalization refers to including certain costs in the initial value of an asset. The costs that should be capitalized are those that are directly attributable to bringing the asset to its intended location and condition for use. In this case, the cost of transporting the plant to the factory (item III) and the cost of installing a new power supply required to operate the plant (item IV) should be capitalized.

Transportation costs incurred to bring the plant to the factory and installation costs for essential components of the plant directly enhance the asset's value and enable it to be put into service. On the other hand, deductions for estimated residual value (item I), maintenance agreements (item II), and training courses (item V) are typically treated as expenses rather than capitalized because they do not directly contribute to the asset's acquisition or preparation for use.

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Students usually attend a vocational school for _____ years or less.
A.1 B.2 C.3 D.4

Answers

Answer:

2

Explanation:

Answer:

four

Explanation:

if u think bout it its four years and makes more sence and mroe realistic

What is the United States currency linked to?

Answers

The U.S. dollar is fiat money, as are the euro and many other major world currencies. This approach differs from money whose value is underpinned by some physical good such as gold or silver, called commodity money. The United States, for example, used a gold standard for most of the late 19th and early 20th century

What are three elements of negligence?
Actual Harm
Breach of duty
State of mind
Duty of care
Proximate cause
Motive

Answers

Answer:

actual harm

breach of duty

duty to act

George Kyparisis (using data from Problem 1.5) determines his costs to be as follows: ◆ Labor: $10 per hour ◆ Resin: $5 per pound ◆ Capital expense: 1% per month of investment Energy: $0.50 per BTU Show the percent change in productivity for one month last year versus one month this year, on a multifactor basis with dollars as the common denominator. PX 1.7 Hokey Min's Kleen Karpet cleaned 65 rugs in October, consuming the following resources: Labor: 520 hours at $13 per hour Solvent: 100 gallons at $5 per gallon 20 days at $50 per day Machine rental: a) What is the labor productivity per dollar? b) What is the multifactor productivity?

Answers

Part 1: Percentage change in multifactor productivity = - 4.82%.

Part 2: a)  Labor productivity : 0.0096 rugs per dollar

b) Multifactor productivity 0.0087 rugs per dollar

Part 1: George Kyparisis

Determining the cost of George Kyparisis (using data from Problem 1.5), we have:

Labor: $10 per hour

Resin: $5 per pound

Capital expense: 1% per month of investment

Energy: $0.50 per BTU

The percent change in productivity for one month last year versus one month this year, on a multifactor basis with dollars as the common denominator can be calculated as follows:

The multifactor productivity index for this year = Output (units)/Labor + Material + Energy + Capital

The multifactor productivity index for last year = Output (units)/Labor + Material + Energy + Capital

Percentage change in multifactor productivity = (Multifactor productivity index for this year - Multifactor productivity index for last year)/Multifactor productivity index for last year X 100

Given that,

Last year: Labor: 1000 hours

Resin: 500 pounds Energy:

1250

BTUs Capital investment: $4000

This year:

Labor: 1300 hours

Resin: 600 pounds

Energy: 1450

BTUs Capital investment: $4500

Suppose, output in both cases is 50 units.

Using the formula, we get the multifactor productivity index for last year:

MfP (last year) = Output/Labor + Material + Energy + Capital

= 50/(1000 x 10 + 500 x 5 + 1250 x 0.5 + 4000 x 0.01/12)

= 50/(10000 + 2500 + 625 + 33.33)

= 0.00311

The multifactor productivity index for this year:

MfP (this year) = Output/Labor + Material + Energy + Capital

= 50/(1300 x 10 + 600 x 5 + 1450 x 0.5 + 4500 x 0.01/12)

= 50/(13000 + 3000 + 725 + 37.5)

= 0.00296

Therefore,Percentage change in multifactor productivity

= (0.00296 - 0.00311)/0.00311 X 100

= -4.82%

Part 2: Hokey Min's Kleen KarpetHokey Min's Kleen Karpet cleaned 65 rugs in October, consuming the following resources:

Labor: 520 hours at $13 per hour

Solvent: 100 gallons at $5 per gallon

20 days at $50 per dayMachine rental

a) To find the labor productivity per dollar, we can use the formula:

Labor productivity = Output/Labor cost

Labor cost = 520 x 13

= $6760

Output = 65 rugs

Labor productivity = Output/Labor cost

= 65/6760

= 0.0096 rugs per dollar

b) To find the multifactor productivity, we can use the formula:

Multifactor productivity = Output/Labor + Material + Expense cost

Material cost = 100 x 5

= $500

Expense cost = 20 x 50 + 30

= $1030 (Assuming a month has 30 days)

Multifactor productivity = Output/(Labor + Material + Expense cost)

= 65/(520 x 13 + 500 + 1030)

= 65/7450

= 0.0087 rugs per dollar

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____ scaling refers to adding more workstations (clients).

Answers

Horizontal scaling refers to adding more workstations (clients) to a system in order to increase its capacity and handle higher workload demands. This approach improves performance and reliability by distributing the workload among multiple workstations rather than relying on a single system.
Horizontal scaling refers to adding more workstations (clients) to a system, in order to improve its performance, reliability, and capacity for handling an increased workload. This approach helps meet the growing demands of users by distributing tasks across multiple clients, thereby enhancing the overall performance and reliability of the system. By dividing the workload over several workstations rather than relying on a single system, this strategy enhances performance and dependability.

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The document that outlines the duties and responsibilities of a salon or spa position is called __________
a. job description.
b. performance review.
c. employee evaluation form.
d. ticket.

Answers

The correct option is (a) job description.

The document that outlines the duties and responsibilities of a salon or spa position is called job description.

What do you mean by job description?

A job description is a practical document written in simple language that outlines the duties, responsibilities, tasks, and goals of a position. It describes who is responsible for performing a particular sort of work, how that work is to be accomplished, how frequently that work is required, and how it links to the mission and goals of the company.

Important company information, such as the firm mission and culture as well as any employee benefits, should be included in a job description. Additionally, the salary range and to whom the position reports may be mentioned. A good job description will give candidates enough information to decide whether they are qualified for the role.

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Analyse the key factors affecting decisions for a person in Sydney to invest in property?

Answers

Answer:

Emotion, Cultural superstitions, Perceived value, First Impressions, A Home That Tells a Story, Social Proof, The Ideal Lifestyle

Explanation:

There’s no denying that buying a home is a big decision and yet you may be surprised by the number of people who are influenced by factors other than price, resale value and location. From the number of a house to a lick of new paint on the walls, it seems we are influenced by emotion and aesthetic much more than we think

With illustration explain how marriage/synergistic value is created arises

Answers

When two people get together and pool their resources, abilities, and skills to accomplish more than they might have done on their own, they are creating a marriage or synergistic value.

The idea of a puzzle can serve as an example of this value.Think of each person as a jigsaw piece with a distinct shape and pattern. When two people marry, they join their disparate parts to form a more complex and substantial whole.

Without a single component, the total picture would be without something important and crucial that each piece adds.

Similar to this, in an union, each spouse brings unique skills and talents to the table that, when combined, can result in more fulfilment and success than either could get on their own.

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Pick a Random Company?
I need 2 company names plz help

Yo me and my dad actually got along last night n its been so long sense me and him even talked....

Answers

Answer:

Divine Medince and Medince forest

Explanation:

no matter how mad you or your dad get you need to Cherish each moment with him because one day you will wake up and he won't be there

What is the residual of a performance with a revenue of $ 700 $700dollar sign, 700 and 70 7070 seats occupied ?

Answers

The residual revenue for this performance is $0, which means the actual revenue generated is equal to the potential revenue.

The residual in performance measurement is the difference between actual revenue and potential revenue. The potential revenue is calculated by multiplying the total number of seats by the ticket price.

Assuming a ticket price of $10 per seat, the potential revenue for 70 seats would be:

Potential revenue = 70 seats x $10 per seat = $700

Therefore, the residual revenue for this performance can be calculated as:

Residual revenue = Actual revenue - Potential revenue

Residual revenue = $700 - $700 = $0

So, the residual revenue for this performance is $0, which means the actual revenue generated is equal to the potential revenue.

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Which of the following parts of a business plan include the cash flow projection and profit and loss projection?

Answers

Executive summary. This is your five-minute elevator pitch. ...
Business description and structure. This is where you explain why you're in business and what you're selling. ...
Market research and strategies. ...
Management and personnel. ...
Financial documents.

Which of the following can cause a run-time error?

A programmer anticipated a positive whole number, and the user input a negative decimal value.

A programmer anticipated text data, and the user input text data.

A programmer anticipated numeric data, and the user input numeric data.

A variable was not defined because of a typographical error in the definition of that variable.

Answers

Answer:

A programmer anticipated a positive whole number, and the user input a negative decimal value.

Explanation:

Edge : )

Answer:

A programmer anticipated text data, and the user input text data.

What general rule of thumb connects your car payment and your monthly savings budget?

Answers

The rule would be 20/4/10 straightforward math helps cars shoppers figure out there budget look it up!

The GPS SmartSole is a discreet wearable insole that fits in the shoe and provides GPS tracking of the wearer. This product is being marketed as an inexpensive solution for caregivers whose charges are prone to wandering, like those with Alzheimer's disease or autism. When the insoles were first made available to consumers, what was the marketing objective for the company at that early stage of the product life cycle

Answers

Answer:

srry i just had to answer bc my answer was at 69

Explanation:

The marketing objective for the company at that early stage of the product life cycle is Create awareness and stimulate trial.

What is marketing objective ?

Marketing objectives are a list of specific, quantifiable goals created as a component of a marketing plan. Specific goals are set forth in marketing objectives, such as "reduce customer acquisition cost by 10% by the end of the next quarter."

The SMART methodology—specific, measurable, achievable, relevant, and time-based—is frequently used to develop effective marketing goals. Businesses assess their marketing goals using  SMART goals to determine whether they match the requirements for success.

The marketing objective for a product in the introduction stage of the product life cycle is to  create consumer awareness and gain trial.

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