The marginal product is the additional output produced by adding one more unit of input. In the given example, the company has three workers and by adding an additional labourer, its total product increases by 21.
Therefore, the marginal product of the additional unit of input (the additional labourer) is 21. Marginal cost, on the other hand, is the additional cost incurred when producing one more unit of output.
In the example, if the total cost of producing the additional unit of output is $700 and the total cost of producing the initial three units of output is $300, then the marginal cost of the additional unit of output is $400 ($700-$300).
Thus, marginal product is the change in total product/ change in input, while marginal cost is the change in total cost/ change in output.
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Utilizing your research notes, imagine you are a business manager and you must create a brief step-by-step problem-solving guide to be used by your employees. The guide should outline the steps in the problem solving process and provide a few details as to how an individual could approach each step. The guide should be no more than one page. Be sure to explain the value of collaboration and teamwork within the workplace.
Answer:
Define the problem
Analyze the affects of problem on the business
Generate list possible solutions to it.
Evaluate each alternative.
Implement a solution that is best fit
Monitor the results
Explanation:
There are six steps in problem solving. As a business manager one should understand all these steps to immediately counter a problem and progress for business success. The business manager should first define the problem and analyse the affects that it may cause to the business operations. He should then consider list of possible solutions which can solve the problem without any harm to business activities. The best possible solution to the problem should be selected and then it should be implemented to solve the problem quickly. The progress of the problem solving should be evaluated.
you are planning for your retirement in 4 years. you have $1,000,000 to invest today plus you will invest an additional $500,000 at the end of the year for the next 3 years. how much money will you have at retirement if your retirement savings earns 7% per year
I will have approx $3.03 million att my retirement.
We use the formula:
A=P(1+r/100)^n
where
A = future value
P = present value
r = rate of interest
n = time period.
A=1,000,000*(1.07)^4+500,000*(1.07)^3+500,000*(1.07)^2+500,000*(1.07)
=$3030767.51
=$3.03 M(Approx)
Retirement refers to the time of life when one chooses to permanently leave the workforce behind. The traditional retirement age is 65 in the United States and most other developed countries, many of which have some kind of national pension or benefits system in place to supplement retirees' incomes.
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____ involves fitting a person to the right job.PlacementOrientationSelection
Option a: Placement involves/includes fitting/selecting a person to the right job.
When a candidate is selected for a position and is offered the position, the organization must place the candidate in the position of choice, which is achieved through placement. Offering positions to finalists is called placement. The act of formally assigning specific tasks to employees by assigning them specific levels and responsibilities.
A properly prepared employee benefits the company. Effective placement increases employee satisfaction and reduces absenteeism and turnover. Proper placement promotes good relationships with the company and increases employee morale and productivity.
Employee placement was appropriate when productivity increased, product quality improved, work regularity and attendance increased. Supervisors or managers should emphasize the need to constantly monitor newly hired employees to ensure they are well or badly staffed.
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Complete question:
____ involves fitting a person to the right job.
Placement
Orientation
Selection
An investor has $88,000 to invest in a $364,000 property. He can obtain either Alternative 1: A $276,000 loan at 9.7 percent for 20 years or Alternative 2: A $208,000 loan at 9 percent for 20 years and a second mortgage for $68,000 at 13 percent for 20 years. All loans require monthly payments and are fully amortizing. Required: a. Which alternative should the borrower choose, assuming he will own the property for the full loan term? b. Which alternative should the borrower choose if the borrower plans to own the property only five years? c1. Which alternative should the borrower choose, assuming he will own the property for the full loan term and the second mortgage has a 10-year term? c2. Which alternative should the borrower choose, assuming that the borrower plans to own the property only for five years and the second mortgage has a 10-year term?
The borrower must choose Alternative 1 if he plans to own the property for the full 20 year term of the loan. If the borrower plans to own the property for only five years, Alternative 2 would be a better choice.
The borrower should choose Alternative 1 if he plans to own the property for the full 20-year loan term. This alternative offers a lower interest rate and requires a smaller loan amount.
If the borrower plans to own the property only five years, Alternative 2 would be the better option. This alternative offers a smaller monthly payment and a shorter loan term, so the borrower would pay off the loan faster.
If the borrower plans to own the property for the full 20-year loan term and the second mortgage has a 10-year term, Alternative 2 would be the better option. This alternative would provide a lower interest rate and a shorter loan term, which would make it easier for the borrower to pay off the loan.
If the borrower plans to own the property for only five years and the second mortgage has a 10-year term, Alternative 1 would be the better option. This alternative offers a lower interest rate and would require a smaller loan amount.
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tools - machinery - and infrastructure are classified under the resource category of
Tools, machinery, and infrastructure fall under the resource category in various industries and sectors. They are essential assets that enable the production, development, and maintenance of goods and services.
Tools, machinery, and infrastructure are vital resources that support economic activities across different sectors. In manufacturing, tools and machinery encompass a wide range of equipment, from hand tools to complex industrial machines, used in production processes. They play a crucial role in enhancing efficiency, precision, and output levels. Infrastructure refers to the physical structures and systems necessary for the functioning of a society, including transportation networks, power grids, communication systems, and buildings.
It provides the framework for economic activities by facilitating the movement of goods, services, and people. Well-developed infrastructure enables businesses to operate smoothly, connect with markets, and reach customers efficiently. Overall, tools, machinery, and infrastructure are key resources that contribute to economic growth, productivity, and development in various industries.
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Choose a real or made up example of a company, and describe at least three fixed costs the company has. (1-3 sentences. 1.5 points)
Answer:
Dominos also has many fixed costs. Some examples include rent, ovens, and refrigerators.
Explanation:
The fixed cost remains the fixed it never be changed.
Fixed cost;It is the cost that should be the same whether the production level increased or not. If we take an example of dominos, so here the fixed cost could be in form of rent, ovens, refrigerators. It is the part of the organization expense.learn more about the fixed cost here: https://brainly.com/question/2339078
this is what i get for missing online lessons haha
Answer:
22.28%
Explanation:
As per the pie chart
Variable costs: £2,150.00
Fixed costs £7,500.00
Total weekly costs = variable costs + fixed costs
= £2,150.00 +£7,500.00
=£9,650
Variable costs as a percentage of weekly costs
= £2,150/£9,650 x 100
=22.279792%
=22.28%
Four students are at an extracurricular activity fair at their high school and are trying to decide which clubs to join. Some information about the students is listed in this chart:
Answer:
Hello your question is incomplete below is the missing part of your question
A 2-column table with 4 rows. Column 1 is labeled Student with entries Eleanor, Russel, Giada, Joe. Column 2 is labeled Hobbies with entries is already in B P A but is looking for a similar club to join as well; enjoys being treasurer for school band and drama club, and wants to join a club to help him learn more about these skills; builds remote-control cars and robots as a hobby; wants to be a stay-at-home dad and be involved in the homeowners association for his future.
Which describes which CTSO each student should join?
Answer : option A).
Explanation:
It is necessary that each student should join a CTSO based on his/her interests which means that Eleanor should join NYFEA (National Young Farmer Educational Association) , Russell should join FEA(Future Educators Association) , Giada should join TSA(Transportation Security Administration) while Joe should join HOSA(Health Occupations Students of America) secondly this various CTSO's will help the students develop better in their various areas of study and skills.
If demand decreases and supply stays the same, there will be a
A) higher equilibrium price and lower quantity
B) lower equilibrium price and quantity
C) higher equilibrium price and quantity
D)lower equilibrium price and higher quantity
what is centralization in business ?
Suppose that a flower nursery benefits from having a colony of bees located only a few miles away, because the presence of the insects greatly improves flower pollination. Lawyers for the two companies meet to draft a legal document specifying the number of bee hives the farm promises to maintain in exchange for payments to be made by the nursery. Which of the following private solutions resolving the externality of pollination took place in this scenario? Moral codes and social sanctions Contracts Integration of different types of businesses through merger or ac Charities
Contracts bind parties to their stated obligations by utilizing clear language to enable each party to understand its obligations in a deal, particularly in terms of payment and deadlines.
Define a Contract.As it is specified that both parties signed a legal instrument in the presence of attorneys with details on the payment terms, a contract serves as the private solution to the externality of pollination. Contracts bind parties to their stated obligations by utilizing clear language to enable each party to understand its obligations in a deal, particularly in terms of payment and deadlines. Additionally, contracts serve as insurance for both parties in the event that one party breaches an agreement and is subject to legal action.
The Coase theorem, which states that private individuals can only resolve the issues caused by externalities on their own when the interested parties can bargain without cost over the allocation of resources, states that private solutions to externalities sometimes do not work, especially when communications barriers or social customs are important enough relative to the potential gains involved. When this occurs, the private market will assist in addressing the issue of externalities and effectively allocating resources.
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________ is characterized by a continuous state of excessive, uncontrollable, and pointless worry and apprehension.
fffffAnswer:
f
Explanation:
Parents may claim a $2,000 child tax credit for a dependent child who is 22 years of age at the end of the year if the child is a full-time student.
Parents may claim a $2,000 child tax credit for a dependent child who is 22 years of age at the end of the year if the child is a full-time student. The Child Tax Credit is a refundable tax benefit claimed by filing Form 1040 claim a tax credit of $2,000 per qualifying dependent child under age 17
What is Child Tax Credit?Different nations offer parents with dependent children a tax advantage known as the child tax credit (CTC). The credit is frequently correlated with the number of dependent children a taxpayer has, as well as occasionally with their income. For instance, only families in the United States who earn less than $400,000 year are eligible to get the entire CTC. Similar to the United States, only families earning less than £42,000 a year are eligible for the tax credit in the United Kingdom.
The federal child tax credit (CTC) in the United States is a tax credit that is only partially refundable for parents of dependent children. Subject to an earned income level and phase-in, it offers $2,000 in tax relief per eligible kid (with up to $1,400 of that amount being refundable).
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Why would a construction manager require fall guards to be installed in a high-rise construction project?
to comply with Bureau of Labor Statistics (BLS) policies
to comply with Department of Health and Human Services (DHHS) regulations
to comply with Occupational Safety and Health Administration (OSHA) procedures
to comply with Environmental Protection Agency (EPA) regulations
Answer:
to comply with Occupational Safety and Health Administration (OSHA) procedures
Explanation:
OSHA is occupational safety and health administration. OSHA is mandated to publish and enforce regulations that safeguard employees' health and safety in the workplace.
Fall guards are elected in high places to prevent employees from falling to the ground. They are safety measures that employers have to put in place to prevents accidental falls and subsequent injuries. Fall guards in a high place are one of the OSHA requirements.
an example of a defensive industry is . a. the automobile industry b. the tobacco industry c. the food industry d. a and b e. b and c
An example of a defensive industry is the tobacco industry and the food industry. Hence, option d) is correct.
What is Defensive Industries?
Due to the defensive nature of goods like critical commodities and basic requirements products, defensive industries refer to specialized industries whose production or distribution stay consistent regardless of economic volatility prevalent in the country's economy. As a result, even during recessions, their demand does not decrease.
Advantages-
Defend against global competition.maintains economic expansiontrades in goods with a rigid demand.The sector with lower personnel turnoverprovides workers with job security and job happinessTo know more about defensive industry refer:
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WILL BE MARKED BRAILIEST!!
3.A company sees that sales of its speakers have decreased over the past
120 days. Its most likely option is to first
design a market research plan
visit some stores selling the product
stop production of the product
lower prices and see what happens
Answer:
They company goes out of business?
Explanation:
Banksy is most associated with which city?
Bristol
Banksy's work grew out of the Bristol underground scene, which involved collaborations between artists and musicians. Banksy says that he was inspired by 3D, a graffiti artist and founding member of the musical group Massive Attack.
traditional yield management strategies are most appropriate when?
A. The service providers has a homogeneous target market
B. Its target market is not price sensitive
C. All members of the target market arrive at basically the same time
D. Those who arrive early or reserve early are more price sensitive than those who reserve or arrive late
E. All of the target market is equally price sensitive
The right answer is option D. Traditional yield management strategies are most appropriate when those who arrive early or reserve early are more price sensitive than those who reserve or arrive late.
This is because the aim of yield management is to maximize revenue by charging different prices to different customers based on their willingness to pay. By identifying the price-sensitive customers and offering lower prices to them, service providers can attract more customers and fill up their capacity. However, if all members of the target market are equally price sensitive or if the target market is not price sensitive, traditional yield management strategies may not be as effective.
Hence, the correct option is answer D.
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the set of values, ideas, and attitudes that is learned and shared among the members of an organization is referred to as
A group's taught and shared values, concepts, and attitudes are referred to as its culture.
Which four types of organizational culture are there?They distinguished between four different types of culture: clan, adhocracy, market, and hierarchical. Using the Organizational Culture Assessment Instrument (OCAI), you may evaluate your company's culture quickly and strategically and create an environment that will support the success of your team.
What does it mean for members of a community to share a set of values, ideas, beliefs, and preferences?The culture of a civilization is the set of important beliefs that its members share. Its distinctiveness is derived from a core set of beliefs, conceptions, perceptions, preferences, moral standards, rules of conduct, etc.
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Through efficient logistics at grasshopper grocers, the stock in the stores is automatically replenished when the company receives an alert from customers that their stock is low. Management at grasshopper grocers uses a just-in-time (jit) inventory system. True or False
Management at grasshopper grocers uses a just-in-time (jit) inventory system. This statement is false.
A lean manufacturing technique known as the just-in-time (JIT) inventory system tries to reduce inventory levels by creating or purchasing goods just as needed.
When the business receives notification from clients that their stock is low in the scenario, the inventory is automatically restocked. This shows that the business is keeping a certain amount of safety stock to satisfy client demand, which is inconsistent with the JIT strategy.
The description supplied does not seem to be an example of a pure JIT inventory system, while it is feasible that Grasshopper Grocers has other components of a lean management strategy in place, such as decreasing waste and improving efficiency in their logistics operations.
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a supply side economist would advocate reducing tax rates to encourage:
A supply-side economist would advocate reducing tax rates to encourage economic growth and stimulate overall economic activity. The core belief of supply-side economics is that lower tax rates incentivize individuals and businesses to engage in productive behavior, leading to increased investment, job creation, and economic prosperity.
The theory behind this perspective is based on the idea that taxes affect the incentives and behavior of economic agents. High tax rates can discourage work, investment, and entrepreneurship by reducing the rewards for these activities. Supply-side economists argue that by reducing tax rates, individuals and businesses have more disposable income and capital, which they can then use to invest, innovate, and expand their economic activities.
Lower tax rates can lead to several positive outcomes. First, they can stimulate business investment by increasing after-tax returns on investments. When businesses have more resources available due to reduced tax burdens, they are more likely to invest in new projects, expand production, and create jobs. This, in turn, boosts economic growth and reduces unemployment rates.
Second, lower tax rates can encourage individuals to work more or take on additional entrepreneurial activities. With higher after-tax incomes, individuals have greater financial incentives to work harder, seek higher-paying jobs, or start their own businesses. This increased labor force participation and productivity contribute to economic growth.
In conclusion, supply-side economists believe that reducing tax rates can provide incentives for individuals and businesses to engage in productive economic activities, leading to increased investment, job creation, and overall economic growth. Lower tax burdens are seen as a catalyst for stimulating economic activity and promoting prosperity.
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A supply-side economist would advocate reducing tax rates to encourage several key outcomes in the economy. First, lower tax rates are believed to incentivize work and productivity by allowing individuals and businesses to keep more of their income. This, in turn, can lead to increased labor supply, investment, and entrepreneurship, which can drive economic growth and job creation.
Second, lower tax rates are thought to stimulate savings and investment. When individuals and businesses have more disposable income due to lower tax burdens, they have the opportunity to save and invest those funds. Increased savings can provide a pool of capital for businesses to borrow and invest in productive activities, such as expanding operations, purchasing new equipment, or conducting research and development. This investment can contribute to economic expansion and technological advancement.
Lastly, supply-side economists argue that lower tax rates can foster business competitiveness and attract investment from abroad. When tax rates are lower compared to other countries, it creates an incentive for foreign investors to allocate capital to the economy, leading to increased foreign direct investment, job creation, and economic development.
Overall, the idea behind reducing tax rates from a supply-side perspective is to unleash the productive potential of individuals and businesses by providing them with greater incentives and resources to work, invest, save, and innovate, ultimately driving economic growth and prosperity.
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each employee's and each group's ongoing efforts to gather information and apply the information to their decisions in a learning organization is called
Each employee's and each group's ongoing efforts to gather information and apply the information to their decisions in a learning organization is called continous learning.
The process of consistently improving one's skills and knowledge is known as continuous learning. In the workplace, "continuous learning" is a phrase frequently used to refer to the process of acquiring new knowledge and skills while simultaneously enhancing ones already had.
The "continuous, voluntary, and identity-driven" pursuit of information for one's own or one's career is referred to as lifelong learning. It promotes social engagement, active citizenship, and personal development while also being crucial for an individual's work and productivity. One method of constant learning is signing up for further work training courses. This is a formally agreed-upon commitment made, often for a little time, in order to gain new knowledge.
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HAS ANYONE TAKEN THE 2020 ALGEBRA 1 EOC IN FLORIDA THIS YEAR?? IF U HAVE PLZ TELL ME WHAT QUESTIONS THEY ASKED U
Answer:
They just ask you what you have learned in your previous math courses.
Explanation:
Which of the following is NOT a reason why people invest in the stock market?
A. Investing in the stock market usually offers a higher return than the interest earned on a savings account.
B. Investing is a guaranteed way to make money.
C. Investing in companies through the stock market offers a chance to share in the profits of those companies.
D. None of the above
Answer: B investing is a guarantee to make money
Explanation: I took the assessment
An advantage of a corporation is that
A. owners pay fewer taxes than owners of other forms of business.
B. the business is subject to little government intervention.
C. owners have limited liability for debt.
D. owners have direct and immediate control over daily management of the business.
Answer:
C. Owners have limited liability for debt
You've observed the following returns on Crash-n-Burn Computer's stock over the past five years: 3 percent, -9 percent, 29 percent, 18 percent, and 15 percent. What was the arithmetic average return on the company's stock over this five-year period? 11.20% What was the variance of the company's returns over this period? 0.02230
The variance οf the cοmpany's returns οver the five-year periοd is 0.113528%, οr apprοximately 0.02230 when expressed as a decimal.
Hοw tο calculate the arithmetic average return?Tο calculate the arithmetic average return, we sum up all the returns and divide by the number οf returns.
Arithmetic average return = (3% + (-9%) + 29% + 18% + 15%) / 5
Arithmetic average return = 56% / 5
Arithmetic average return = 11.2%
Therefοre, the arithmetic average return οn the cοmpany's stοck οver the five-year periοd is 11.2%.
Tο calculate the variance, we need tο find the squared difference between each return and the arithmetic average return, sum up thοse squared differences, and divide by the number οf returns.
Step 1: Calculate the squared differences:
(3% - 11.2%)² = (-8.2%)² = 0.06724%
(-9% - 11.2%)² = (-20.2%)² = 0.40804%
(29% - 11.2%)² = (17.8%)² = 0.031684%
(18% - 11.2%)² = (6.8%)² = 0.04624%
(15% - 11.2%)² = (3.8%)² = 0.01444%
Step 2: Sum up the squared differences:
0.06724% + 0.40804% + 0.031684% + 0.04624% + 0.01444% = 0.56764%
Step 3: Divide by the number οf returns:
0.56764% / 5 = 0.113528%
Therefοre, the variance οf the cοmpany's returns οver the five-year periοd is 0.113528%, οr apprοximately 0.02230 when expressed as a decimal.
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Tom is the aerobics coordinator at a fitness center. He needs a more efficient way for his instructors to share information. Class schedules are updated on a regular basis. Instructors need to indicate when they cannot teach a class and other instructors need to be able to sign up to cover the class. Instructors also often attend training classes and learn new procedures. Having a place to share their learning and update procedures will benefit them and their clients. Cindy is taking a business class and told Tom about a great tool that will serve their needs. What was the technology tool Cindy told Tom about
Answer:
wikis technological tool
Explanation:
As regards to the case above, the technology tool Cindy told Tom about is wikis technological tool . A wiki can be regarded as collaborative tool that provides students with enablement to make contribution and to perform modifications on one or more than one pages of course related materials. This tool is collaborative in nature, as a result of this, it facilitate community-building within a course. a wiki can be regarded as a web page and a collaborative software that has an open-editing system. It was set up to
the lexicon by Ward Cunningham who was a programmer
1. The person who operates a business
under the name of the owner.
Answer:
Franchise
Explanation:
A franchise is someone who uses the name, logo and design of an existing company. I think it's the same thing
what is an advantage of selling private-label brands for a national retailer?
Selling private-label brands can be a great advantage for national retailers. A private-label brand is a product that is created by the retailer itself and sold under their own brand name. These products are typically sold at a lower price than national brands and can offer the retailer a unique selling point.
One of the advantages of selling private-label brands is that retailers have more control over the products they sell. They can determine the quality, design, packaging, and pricing of their own products, which can lead to higher profit margins. Retailers can also customize their private-label products to meet the needs and preferences of their target customers. This can help them to build a loyal customer base and differentiate themselves from their competitors. Selling private-label brands also gives retailers the ability to reduce their reliance on national brands. National brands are often more expensive and can be difficult to compete with, especially for smaller retailers. By offering their own private-label products, retailers can create a competitive advantage and attract customers who are looking for affordable, high-quality products.
Finally, selling private-label brands can also help retailers to build their brand image and reputation. By offering their own unique products, retailers can position themselves as experts in their field and establish themselves as a trustworthy source for quality products. This can help them to build customer loyalty and increase their overall sales.
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I NEED HELP ASAP!!!!
What advice would you give to shavonne to help her solve this problem with translation?
Answer:
Do that thing with the rope where each kid holds on to a section and that way they are separated and not pushing. you could even make it fun like pretend they are a snake and serpentine.