a firm should be willing to pay $20 to hire a worker with a marginal product of $15. T/F?
Answers
The given statement "A firm should be willing to pay $20 to hire a worker with a marginal product of $15." is false because In this case, the marginal product of the worker is $15, which means that the worker can add $15 worth of output to the firm's production. If the firm pays $20 to hire the worker, then it will incur a loss of $5 ($20 - $15), which is not a rational decision.
A firm should aim to maximize its profits by hiring workers whose marginal product is greater than or equal to their wage rate. This principle is known as the marginal productivity theory of wages, which states that workers are paid according to the value they add to the firm's production. If a worker's marginal product is less than their wage rate, then the firm would incur losses by hiring that worker, and it would be better off not hiring them.
Therefore, in this scenario, the firm should not be willing to pay $20 to hire a worker with a marginal product of $15, as it would not be a profitable decision. The firm should only hire workers whose marginal product is at least equal to their wage rate to ensure profitability.
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Related Questions
Simon is a french student in Canada and paying for
tuition with Saving earned in Europe
Jaspreet
Answers
Simon, a French student in Canada, is paying for his tuition with savings earned in Europe. This indicates that Simon planned ahead for his education and had the foresight to save money while studying in Europe. However, the exact amount of his savings and his future plans for earning more income to pay for his tuition are unknown.
The ability to plan ahead and save money is a valuable skill for anyone, especially for students who need to finance their education. It is not uncommon for students to use savings, loans, or scholarships to pay for tuition. Some students also work part-time jobs or take out loans to cover additional expenses like housing and textbooks.
In Simon's case, it is unclear whether he plans to work or take out loans to supplement his savings. However, the fact that he saved money while studying in Europe suggests that he is financially responsible and willing to make sacrifices to achieve his educational goals. Overall, it is important for students to be proactive in managing their finances and seek out opportunities to save money and reduce expenses. Planning ahead and making smart financial decisions can help students achieve their goals and avoid unnecessary debt.
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In the private-label operating benchmarks section on p. 7 of each issue of the FIR, the industry-low, industry-average, and industry-high benchmarks for the margins over direct costs (as explained in the Help section for this same page) should be interpreted as representing
Answers
The industry-low, industry-average, and industry-high benchmarks for the margins over direct costs in the private-label operating benchmarks section should be interpreted as representing different performance levels observed within the industry.
The industry-low benchmark indicates the lowest level of margins over direct costs that firms in the industry have achieved. It represents the performance of companies that have managed to operate with relatively low costs and generate higher margins compared to their competitors.
The industry-average benchmark represents the typical or average level of margins over direct costs observed in the industry. It provides a reference point for assessing the performance of individual companies within the industry. Companies performing around the industry-average benchmark are considered to be operating at a standard level relative to their peers.
The industry-high benchmark represents the highest level of margins over direct costs achieved by firms in the industry. It signifies the performance of companies that have excelled in managing their costs and generating higher margins compared to the majority of their competitors.
These benchmarks provide valuable insights for companies in the industry to assess their own performance and competitiveness. Firms below the industry-average benchmark can identify areas for improvement and strive to reach higher levels of profitability. Those aiming to outperform their competitors can set targets closer to or above the industry-high benchmark to demonstrate superior performance.
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Country Q has experienced a rapid increase in its unemployment rate and a sharp decline in its GDP. What might policymakers do in the face of these economic indicators?
A) encourage a decrease in purchasing until employment figures increase
B) try to trade with other nations to increase production and create new jobs
C) increase taxes so the government has more money to spend
D) implement controls on wages, forcing employers to pay higher wages
The Answer is:: B) try to trade with other nations to increase production and create new jobs
Answers
Answer:
B). Try to trade with other nations to increase production and create new jobs.
Explanation:
Country Q has encountered a brisk fall in its rate of unemployment and as a consequence, a sharp downturn in its GDP. In such a situation, the most significant action to go on would be to 'create new job opportunities' and that can be done by making efforts to encourage trade with other nations which will help in increasing production and more production would generate job opportunities and increase GDP automatically. The increased trade will increase productivity and assist in bringing the economy back on track. Thus, option B is the correct answer.
Answer:
b
Explanation:
A physical count of supplies on hand at the end of May for Masters, Inc. Indicated $1,250 of supplies on hand. The general ledger balance before any adjustment is $2,100. What is the adjusting entry for office supplie s that should be recorded on May 31?
Answers
Answer:
Debit Supplies Expenses $850 and Credit supplies $850
Explanation:
Kimdly check attached picture for explanation
Using the same quiz format, steps required to answer questions, and submission deadlines for both pars and kcs are examples of which of the eight golden rules for hci design?.
Answers
Examples of the eight golden standards for hci design's Strive for consistency include using the same quiz structure, procedures needed to answer questions, and submission dates for both pars and kcs.
In interface design, every component, theme, animation, and action should stay consistent throughout the experience. The user will probably be perplexed, for instance, if the interface alters the button's color and Strive for consistency font while the user is using it. The concept of consistency extends beyond a single application. For instance, websites frequently share basic elements like the corporate logo in the upper left corner and the top menu. These patterns have emerged through time, been described by usability professionals, and incorporated by designers into common practice.
Between pages of one application or between still-related applications, Strive for consistency is required. The key is that authorized users, including the majority of inexperienced users, can still view sites that are seen as still being in dialogue or as still having a connection to the program in use. Users won't be afraid to switch applications as a result of feeling at ease with the application.
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The question was incomplete. Check below the full question.
Using the same quiz format, steps required to answer questions, and submission deadlines are examples of which of the Eight Golden Rules for HCI Design?
a. Supporting internal locus of control
b. Offering informative feedback
c. Strive for consistency
d. Reducing short-term memory load
How could a mixed economy incorporate aspects of both market and command
economic strategies to maintain their associated benefits?
Answers
Answer:
It's a magnificent combination of capitalism and socialism.
Explanation:
A mixed economic structure safeguards private property and enables for a degree of economic independence in the usages of resources and also requires governments to intervene in economic initiatives to achieve social objectives. Although the market forces make a decision on costs, demand, supply, etc., there is some government involvement to avoid monopolistic practices and institutional discrimination. There is the independence of economic operation and government involvement with social security under this scheme.
The following are affected by the business structure you choose when you start your
business.
O a.
day-to-day operations, personal liability, and business name.
O b.
day-to-day operations, business location, and taxes.
О с.
profitability, personal liability, and taxes
O d.
day-to-day operations, personal liability, and taxes.
1
Answers
When you start business, the business structure you choose can affect your day-to-day operations, personal liability, and taxes.
What is a liability?Liability refers to the legal responsibility for one's actions or debts. It is an obligation to pay or perform something to another party. Liability can arise from various sources, such as contractual agreements, statutory laws, or common law. For instance, when a person borrows money from a bank, they have a liability to repay the loan amount to the bank within a certain period, according to the terms and conditions of the loan agreement. Liability can also arise from a person's actions or omissions that result in harm or damage to others. In such cases, the person may be held liable for the damages caused and may have to compensate the affected parties for their losses.
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Narrative 22-1 Katie owns a boutique that sells high-end women's clothing and accessories. Shana works part-time at the boutique and frequently is the only employee in this small store. Katie pays Shana a wage that is higher than the market wage for this type of job. When the store is not full of customers, Shana diligently works on displays and cleans to keep the store looking its best. Magda is a customer in the store who asks Shana's opinion on the quality of some jeans she is considering purchasing. Even though she's had several other customers return them due to flaws, Shana tells Magda the quality is great. Belinda is another customer who is returning a necklace without revealing that she lost a gem from it while wearing it. 45. Refer to Narrative 22-1. Which of the ladies is a principal? a. Shana b. Katie c. Belinda d. Magda
Answers
In this context, the principal is b. Katie, as she is the owner and has the primary authority and responsibility for the boutique.
In the given narrative, the principal refers to the individual who holds a position of authority or has a significant role in a particular context. Among the mentioned ladies: a. Shana: Shana is an employee at Katie's boutique and frequently the only employee present. While she plays an important role in managing the store during her shifts, she does not have the primary authority or ownership of the boutique. Therefore, Shana is not the principal in this situation. b. Katie: Katie is the owner of the boutique and has the ultimate responsibility for its operations. She sets wages, manages employees, and oversees the overall functioning of the business. As the owner and employer, Katie can be considered the principal.
c. Belinda: Belinda is a customer who is returning a necklace without disclosing that she lost a gem from it while wearing it. While she is involved in the transaction, she does not hold a principal role in the boutique's operations. d. Magda: Magda is another customer who asks Shana's opinion about the quality of jeans. While she is engaging in a transaction as a customer, she does not hold a principal role in the boutique's operations.
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The ___ inkblot test employs a series of inkblot cards designed to reveal a person's unconscious desires, fears, and conflicts.
Answers
The Rorschach inkblot test employs a series of inkblot cards designed to reveal a person's unconscious desires, fears, and conflicts.
This psychological test, developed by Hermann Rorschach in the early 20th century, is based on the principle that individuals will project their thoughts and feelings onto ambiguous stimuli, such as the inkblot images.
During the test, the individual is presented with a series of inkblot cards, one at a time, and asked to describe what they see in each image. The responses are then analyzed based on various factors, including content, location, determinants, and popular responses. These interpretations provide insights into the individual's perception, thought processes, emotional state, and underlying psychological dynamics.
The Rorschach inkblot test is rooted in the psychodynamic theory, which suggests that individuals' perceptions are influenced by their unconscious mind. By presenting the individual with unstructured stimuli, the test aims to tap into their unconscious thoughts and feelings, allowing the examiner to gain a deeper understanding of their inner world.
It is important to note that the Rorschach test is a complex and nuanced assessment tool that requires extensive training and expertise to administer and interpret accurately. The test results are subject to multiple interpretations, and the examiner considers various factors to derive meaningful insights.
Overall, the Rorschach inkblot test provides a unique window into the individual's unconscious mind, allowing psychologists to explore their innermost thoughts, desires, fears, and conflicts. It is often used in clinical settings to aid in the assessment, diagnosis, and treatment planning for individuals with psychological disorders.
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A medium-term goal takes _____ to accomplish. a. 1-2 months b. 1-2 years c. 1-5 years d. 5-10 years Please select the best answer from the choices provided A B C D
Answers
Answer:
C
Explanation:
For the accomplishment of a medium-term goal, it takes a time period of almost 1-5 years. Hence, Option C is correct.
What is a medium-term goal?An individual or a group of people set certain goals in life. These goals can be of any type like short-term, medium-term, or long-term. All these time periods depend upon the type of task that is set under the achievement sector. As per the names, it can be understood that it also has a different time duration. For the short term, it can be either a day, a week, or a month or it can be a year.
In the context of the medium-term, the time period can be of one year to five years and for the achievement of a long-term goal, it is more than five years. For instance, if a person wants to get a graduation degree, then they have to pursue the course for a time period of three to four years, for paying a car loan or an education loan, one has to set a medium-term goal.
Thus, Option C is correct.
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Which of the following are the net asset classes required by the FASB for private not-for-profit organizations under the new rules?
A. Net Assets with or without Restrictions
B. Net investment in capital assets, Restricted, and Unrestricted.
C. Partially Restricted, Temporarily Restricted, and Unrestricted.
D. None of the above.
Answers
Under the new FASB (Financial Accounting Standards Board) rules for private not-for-profit organizations, the net asset classes required are: Net Assets with or without Restrictions
So, the correct answer is A.
These rules simplify the previous classification system by reducing the number of net asset categories from three (Unrestricted, Temporarily Restricted, and Permanently Restricted) to just two.
The updated categories make it easier for organizations to understand and report their financial positions more accurately and efficiently.
Hence,the answer of the question is A.
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Due to the anticipated snowstorm, the office will be closed tomorrow please work from home instead of coming in. If you have
questions, please reply to this e-mail.
This message contains
Answers
Due to the anticipated snowstorm, the office will be closed tomorrow please work from home instead of coming in. If you have. This message contains a run-on sentence Correct.
What is run-on sentence?
A run-on sentence is one that lacks the necessary punctuation to tie two or more independent clauses together. These clauses "run on" into confusion because they have not been made dependent by the use of a relative pronoun or a subordinating conjunction. It is possible for the independent clauses to be "fused," as in "It is almost half past five we cannot reach town before dark," in which case the two independent clauses could be separated (between "five" and "we") with a period [...five. We...], a comma and conjunction (...five, and we...), or a semicolon (...five, and we..). (...five; we...). Only a comma can be used ineffectively to unite the separate clauses (the comma splice). The stream-of-consciousness technique is used in James Joyce's work Ulysses, which purposely breaks this grammatical constraint in the sake of literary licence.
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Sergei’s boss has very strong opinions and often frowns upon questions from the team. This creates an environment where everyone just agrees with the boss decisions without questioning them
Answers
Knowing and comprehending each team member's opinions personality type will enable you to assign tasks in a way that best suits their interests and passions.
By doing this, you will raise team morale and productivity to their highest levels. Therefore, I always let my manager know when I'm having an issue. I jot out a list of my annoyances. I request a meeting with my employer opinions and explain these issues in detail. I want to be sure I'm not coming out as rude or sounding like I'm making any accusations against my supervisor. Good staff knowledge results in higher output and results.
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Wang co. manufactures and sells a single product that sells for $420 per unit; variable costs are $231 per unit. annual fixed costs are $909,000. current sales volume is $4,220,000. compute the contribution margin per unit.
Answers
The contribution margin per unit is 4809.52.
What is the contribution margin?Contribution margin is the level of output at which revenue would equal zero.
Contribution margin = fixed cost / (price - variable cost)
909,000 / (420 - 231)
909,000 / 189 = 4809.52
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Which pricing objective is associated with the phrase "charging what the market will bear"?a.volume-orientedb.profit-orientedc.cash flowd.market demande.status quo
Answers
The pricing objective associated with the phrase "charging what the market will bear" is "market demand" pricing.
Hence, the correct option is d.
Market demand pricing is a pricing strategy that sets prices based on the level of demand for a product or service. The goal of market demand pricing is to set a price that maximizes revenue by charging the highest price that customers are willing to pay for a product or service. In other words, the price is set based on what the market will bear or what customers are willing to pay.
Other pricing objectives include volume-oriented pricing, profit-oriented pricing, cash flow pricing, and status quo pricing. Volume-oriented pricing focuses on maximizing sales volume, while profit-oriented pricing aims to maximize profits. Cash flow pricing focuses on generating enough cash flow to cover expenses and invest in the business, while status quo pricing maintains the current price without making any changes.
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you have paid for three months of storage on the first month. how should you record the payment? answer: a. rent expense a. prepaid rent c. asset d. credit card
Answers
You have paid for three months of storage on the first month. a. rent expense should you record the payment.
The time period “profits” generally refers to the amount of cash, assets, and other transfers of price acquired over a hard and fast time period in change for services or products. profits is money that an person or enterprise receives in alternate for presenting exertions, generating a good or service or making an investment capital.
Individuals normally earn profits through wages or income, even as businesses earn earnings from promoting items or services above their value of manufacturing.
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Which is one of the greatest risks of being an entrepreneur?
Damage to reputation
Loss of experience
No control over schedule
Financial instability
Answers
Answer:
Financial instability
Explanation:
How do increased prices serve as an incentive for businesses?
Answers
Answer:
see below
Explanation:
Price is the amount of money that a customer pays to acquire goods or consume services from a seller. The price has two significant elements:
the cost of making the goods or servicesThe suppliers desired profit.As per the law of supplies, higher profits is an opportunity for high profits. High price increases the profitability of goods and services. A high price has a bigger margin, meaning higher profits if the goods or services are sold. If prices increase, suppliers will be willing to supply more goods in the market with the expectation to make more profits. A decline in price is a warning that the business may make losses.
Which of the following is not a common error in the first step of the decision making process?
A)Defining the problem too narrowly
B)Dealing with symptoms, not causes
C)Focusing on the wrong problem
D)Spending too much time defining the problem
Answers
In the initial stage of the decision-making process, failing to consider the following is not typical: D) Taking too long to define the issue.
Decision-making process is the process of selecting the best option from a range of accessible options.
Decision-making steps are provided.
Determine the issue that will be decided.
Amass all the data needed for decision-making.
Examine the viability of each option in light of the resources at hand and/or the information gathered.
Examine each option in light of the resources at hand.
Choose the option that is most practical.
Make the choice and then carry it out.
Analyze the outcome of the choice.
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Why is fashion designer Kira's Plasinina father important
a. He is a businessman who helped her achieve her goals .
b. He liked her drawings .
c. He funded her ventures.
d. He was her inspiration
Answers
When text is indented in an outline, what does that usually mean?
A.
The indented text is not very important.
B.
The viewer should ignore the indented text.
C.
The speaker should spend more time talking about the indented text.
D.
The indented text supports the main idea above it.
Answers
Answer:
D
Explanation:
its is D because why not ight
Answer:
D. The indented text supports the main idea above it.
Explanation:
Got a 100! This answer was correct.
an iceberg the size of london has broken off the antarctic ice shelf
Answers
Answer:
An iceberg nearly the size of Greater London broke off the Brunt Ice Shelf in Antarctica on Sunday according to the British Antarctic Survey. Scientists first discovered significant cracks in the ice shelf a decade ago, but in the last two years there have been two major breaks
Explanation:
What are scarce resources
Answers
Answer:
Scarce resources are resources that are in limited availability.
Explanation:
Hope this helped:)
Answer:
Limited Goods or goods that are running out
Explanation:
Economic Definition of scarce resource. Defined. Scarce goods are also termed economic goods. Scarce resources are used to produce scarce goods. Like the more general society-wide condition of scarcity, a given resource is scarce because it has a limited availability in combination with a greater productive use.
Which one of the following is not one of the policy tools the Fed uses to control the money supply? A. Moral suasion. B. Open market operations. C. Reserve requirements. D. Discount policy.
Answers
Answer:
A
Explanation: Moral suasion Is not required to control MS .that is the best answer
The long-run phillips curve?
Answers
The long-run Phillips curve is a vertical line which shows that there is no permanent trade-off between inflation and unemployment in the long run.
Shifts of the long-run Phillips curve occur if there is a change in the natural rate of unemployment. As, the long-run Phillips curve is vertical at the natural rate of unemployment. This means that when actual inflation equals expected inflation, unemployment is equal to the natural rate.
The long run Phillips curve shifts with an increase in price expectations which shifts the curve upward and makes the inflation-unemployment trade-off less favorable.
Hence, the long-run Phillips curve is shown as a vertical line .
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Travis has a 2,400 square foot home. He is self employeed and uses one room of his home exclusively for his business. The area of the office is 240 square feet. During the past year, he painted his office and replaced the door at a cost of $500; paid for utilities for his home, $3,000; paid property taxes, $1,500; paid mortgage interest, $3,600; and replaced a door jam and door for his patio, $600. Travis has __________$ in deductible direct expenses and ________$ in deductible indirect expenses. (Enter your answers as whole numbers.)
Answers
Answer:
$500;$810
Explanation:
Based on the information given we were told that he painted his office and replaced the door at a cost of the amount of $500 which means that Travis has the amount of $500 in deductible direct expenses
Calculation for deductible indirect expenses.
First step is to calculate the utilities
Utilities= $3,000 x (240/2,400)
Utilities= $3,000 x 10%
Utilities= $300
Second step is to calculate the property taxes
Property taxes= $1,500 x 10%
Property taxes= $150
Third step is to calculate the mortgage interest
Mortgage interest= $3,600 x 10%
Mortgage interest= $360
Now let calculate the deductible indirect expenses.
Deductible indirect expenses=$300+$150+$360
Deductible indirect expenses=$810
Therefore Travis has $500 in deductible direct expenses and $810 in deductible indirect expenses.
Who takes Personal Finance???
Answers
Explanation:
I can try and learn it really quickly...?
Helpppp pleaseeeee!!!
which country is experiencing a trade surplus?
o a. a country with $330 million in exports and $350 million in
imports
b. a country with $400 million in exports and $500 million in
imports
c. a country with $500 million in exports and $400 million in
imports
d. a country with $600 million in exports and $600 million in
imports
Answers
A country that is experiencing a trade surplus is a country with $500 million in exports and $400 million in imports.
What is trade surplus?Trade surplus refers to the positive balance of trade where a country's exports exceed its imports.
The country that is experiencing a trade deficit is a country with $500 million in exports and $400 million in imports.
Therefore, C is the correct option.
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Yuwwers are ad utically Hemaining Time: 18 minutes, 32 seconda Question Completion Status L Moving to another question will save this response: question Question 1 20 points As a bond analyst at Morgan Stanley Investment Banking, you are performing an analysis on bond yield You have the following data for a bond issued by Intel Corp The bond has 7% coupon and 20 year maturity The bond sells for $1,150 and is callable in 10 years at a call price of $1,200 The bond makes semiannual coupon payments a What is the annual Yield to Call? (sample answer 12.45%) b What is the annual Yield to Maturity? I (sample answer 12 45%) Question 105 Moving to another question will save this response. O
Answers
Answer : Annual Yield to Call = 10.47% and the annual Yield to Maturity is 6.06% (approx).
We can calculate the annual yield to call by using the following formula: Yield to Call = (Coupon Payment + ((Call Price - Bond Price) ÷ Number of Years until Call)) ÷ ((Call Price + Bond Price) ÷ 2). Where,Coupon Payment = $70Call Price = $1,200, Bond Price = $1,150, Number of Years until Call = 10 years.
Substituting the given values in the formula, we get ,Yield to Call = ($70 + (($1,200 - $1,150) ÷ 10)) ÷ (($1,200 + $1,150) ÷ 2) Yield to Call = 10.47% (approx). Therefore, the annual Yield to Call is 10.47% (approx).
We can calculate the annual yield to maturity by using the following formula : Yield to Maturity = (Coupon Payment + ((Face Value - Bond Price) ÷ Number of Years to Maturity)) ÷ ((Face Value + Bond Price) ÷ 2). Where , Coupon Payment = $70, Face Value = $1,000, Bond Price = $1,150. Number of Years to Maturity = 20 years. Substituting the given values in the formula, we get,Yield to Maturity = ($70 + (($1,000 - $1,150) ÷ 20)) ÷ (($1,000 + $1,150) ÷ 2) Yield to Maturity = 6.06% (approx)
Therefore, the annual Yield to Maturity is 6.06% (approx).
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How do you know if a product is elastic or inelastic?
Answers
The quantity demanded for a product is said to be elastic if price changes cause a larger than proportional shift in quantity demand.
In contrast, a product is said to be inelastic if changes in price have minimal effect on changes in quantity demanded. One product that is extremely inelastic is insulin. Demand for insulin from diabetics is so high that price increases barely have any impact on the amount needed. Price reductions also have no impact on amount needed, as the majority of people who require insulin are already buying it regardless of the price, rather than waiting for it to drop. Products that are very elastic are on the other side of the equation. For instance, spa days are quite elastic because they aren't an essential good.
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