Answers
Answer: They will be losing money because there company borrowed 25,000$ and lost about 7-8%
Explanation:
Related Questions
why identifying ethical standards is hard
Answers
There are multiple ethical standards and different people may have different views and interpretations of what is ethical, making it challenging to reach a consensus.
Identifying ethical standards can be difficult for several reasons. Firstly, ethical standards vary across cultures and can be influenced by various factors such as religion, politics, and social norms. What is considered ethical in one culture may not be viewed the same way in another culture.
Secondly, there can be a lack of consensus on what constitutes ethical behavior in a particular field or industry. This can be due to differences in opinion, conflicting interests, and the complexity of the issues involved.
Additionally, ethical dilemmas often involve a trade-off between conflicting values, and it can be challenging to strike a balance between them. For instance, a company may have to choose between maximizing profits and protecting the environment or treating employees fairly.
Finally, individuals may have different ethical perspectives based on their personal beliefs, experiences, and values. This can make it difficult to reach a consensus on what is ethical, and what is not.
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What is one assumption made by most public choice theorists? (1 point)
o the assumption that political leaders rarely care about the opinions of those that have voted for them
O the assumption that political leaders are not susceptible to lobbyists
O the assumption that political leaders act according to their own self-interest
o the assumption that political leaders rarely care about their own political goals
Answers
Answer:
here are all of the answers to this quick check
Explanation:
1. discretionary spending
2. Local governments spend a higher percentage of their budgets on elementary and secondary education than state governments but state governments spend a higher percentage on higher education than local governments.
3. Mandatory spending is required by law to be paid while discretionary spending is based on annual appropriations, set by the House and Senate Appropriations Committees.
4. Fiscal policy mainly deals with taxation and government spending, while monetary policy influences the supply of money within an economy as well as interest rates.
5. he assumption that political leaders act according to their own self-interest
I just took the test hope this helps :)
The assumption that political leaders act according to their own self-interest is one assumption made by most public choice theorists. Thus, option A is correct.
What is a public choice?Public choice involves the actions and procedures involved in the provision of public resources, their distribution, and the establishment of suitable standards that govern these actions. In order to maximize their societal usefulness, individuals' public choice processes are expected to be studied and influenced through the theory of public choice.
The outcome of a more intricate electoral system is the national interest, and wisdom is the greatest political virtue. The majority of public choice theorists make the premise that political leaders behave in their own best interests.
Therefore, option A is correct.
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Briefly describe the THREE major approaches in setting a price on
products or services
Answers
The three major approaches in setting a price on products or services are cost-based pricing, market-based pricing, and value-based pricing.
Cost-Based Pricing:
Cost-based pricing is a pricing approach that takes into account the cost of producing or providing a product or service, along with a desired profit margin. The cost-based pricing methods include:
a) Cost-Plus Pricing: This method involves calculating the total cost of production or service delivery and then adding a markup or profit margin to determine the selling price. The markup can be a percentage of the cost or a fixed amount.
b) Absorption Costing: This method considers both variable and fixed costs and allocates them to each unit of product or service. The selling price is then set to cover the total cost per unit, including both variable and fixed costs, along with a desired profit margin.
Cost-based pricing ensures that the price set covers the expenses incurred in production or service provision and allows for a reasonable profit. However, it may not account for market demand or competitor pricing, potentially leading to overpricing or underpricing.
Market-Based Pricing:
Market-based pricing involves setting prices based on the prevailing market conditions, competition, and customer demand. This approach focuses on aligning the price with what customers are willing to pay. Market-based pricing methods include:
a) Competitor-Based Pricing: This method involves setting prices based on the prices charged by competitors. Prices can be set at a similar level, above, or below competitor prices depending on factors such as product differentiation, quality, and perceived value.
b) Demand-Based Pricing: This method considers the relationship between price and customer demand. Prices are adjusted based on factors such as elasticity of demand, price sensitivity, and market segments. Higher prices may be set for products or services with inelastic demand, while lower prices may be used to stimulate demand or attract price-sensitive customers.
Market-based pricing aims to capture the perceived value of the product or service in the marketplace. By considering market dynamics and customer preferences, it helps align prices with customer expectations and maximize sales and profitability.
Value-Based Pricing:
Value-based pricing focuses on setting prices based on the perceived value or benefits that customers derive from a product or service. This approach considers the value proposition and unique features of the offering. Value-based pricing methods include:
a) Price Differentiation: This method involves setting different prices for different customer segments or market segments based on their willingness to pay or their specific needs. It recognizes that different customers may derive different levels of value from the product or service.
b) Bundle Pricing: This method offers a combination or bundle of products or services at a single price. The price is set based on the total value of the bundle, which may be lower than the sum of individual prices, creating an attractive offer for customers.
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Describe four product types and purchasing practices with an example of each product type.
Supplier selection is a process to identify the most viable business partner(s) and develop a long-term relationship between an organization and suppliers. Supplier selection is crucial for the following:
Reduce purchase risks (quality of the product)
Save an organization’s financial resources (proper pricing)
Smooth operation (matching capability and delivery commitment)
Sensitive to business integrity and intellectual properties.
Suppliers as a partner can be part of the success of any organization.
Answers
Convenience goods, shopping goods, specialty goods, and unsought goods are four types of product types.
Supplier selection is crucial for reduce purchase risks (quality of the product), save an organization’s financial resources (proper pricing), smooth operation (matching capability and delivery commitment), and suppliers as a partner can be part of the success of any organization. Therefore, the correct options are option 1, 2, 3, and 5.
The four product types are convenience goods, shopping goods, specialty goods, and unsought goods. Each of these types has different purchasing practices and examples.
1. Convenience goods: Convenience goods are inexpensive products that consumers purchase regularly and without much thought. The purchasing practices for convenience goods are that they are usually sold in many places, are priced affordably, and require little research to purchase.
Example: Soft drinks, toothpaste, and newspapers.
2. Shopping goods: Shopping goods are products that consumers purchase less frequently and take more time and effort to research. Consumers are willing to spend more time and money on these products. Purchasing practices include comparative shopping, a longer decision-making process, and seeking out quality information.
Example: Electronics, furniture, and clothing.
3. Specialty goods: Specialty goods are high-end products that are not sold in many locations. They are more expensive than convenience and shopping goods, and consumers usually have a brand preference. Purchasing practices include seeking out specific stores and locations, researching quality, and higher price points. Example: Luxury cars, designer clothing, and fine wines.
4. Unsought goods: Unsought goods are products that consumers do not know about or do not want to purchase. They require more marketing effort and consumer persuasion. Purchasing practices include creating awareness and interest in the product, providing incentives and promotional pricing.
Example: Burial plots, life insurance, and funeral services.
The supplier selection process is essential for all of the following reasons except D) Sensitive to business integrity and intellectual properties.
Supplier selection is crucial for the following reasons:
A) Reducing purchase risks, such as ensuring the quality of the product and timely delivery.
B) Saving an organization’s financial resources by ensuring proper pricing and reducing costs.
C) Ensuring smooth operations by matching supplier capability and delivery commitments.
E) Building long-term relationships with suppliers who can contribute to the organization's success.
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What is 35% off $116.09?
Answers
Answer:
it is 75.40 hope this helps
Explanation:
When a buyer purchases a property that has an existing mortgage loan, the buyer does not add his or her signature to the note, meaning the buyer does not take on any personal liability. In this case, the buyer is said to:
Answers
When a buyer purchases a property that already has an existing mortgage loan, the buyer is essentially taking on the responsibility of paying off the remaining balance on the loan. However, the buyer does not need to add their signature to the note, which means that they do not take on any personal liability for the debt. This scenario is known as an assumption.
An assumption is a process where the buyer takes over the existing mortgage loan of the seller, without the need to obtain a new loan. This process can occur in various situations, such as when the seller wants to sell their property but still has an outstanding mortgage on it. In this case, the buyer can assume the mortgage and take over the payments, which helps to simplify the buying process.
Assuming a mortgage can be beneficial for both the buyer and the seller. For the buyer, they do not have to go through the lengthy process of obtaining a new mortgage, which can be time-consuming and stressful. Additionally, the terms of the existing mortgage loan may be more favorable than what the buyer could obtain on a new loan.
For the seller, an assumption can make their property more attractive to potential buyers, as it can make the buying process smoother and quicker. Additionally, if the seller has a low-interest rate on their mortgage, the buyer can assume that rate, which could make the property more desirable.
In conclusion, when a buyer purchases a property with an existing mortgage loan and does not add their signature to the note, they are said to have assumed the mortgage. This process can be beneficial for both the buyer and the seller, as it can simplify the buying process and provide favorable loan terms.
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You invested $16,000 in two accounts paying 8% and 9% annual interest, respectively. If the total interest earned for the year was $1370, how much was invested at each rate?
Answers
Let x and y represent amounts decided to invest at 8% and 9%, respectively know 0.08x + 0.09y equals $1,370 and that x + y = $16,000. When the equations solved, results are x = $10,000 and y = $6,000.
Put simply, what is investment?An asset as well as item acquired with the intention of earning profits or recognition is referred to as an investment. A purchase of goods which were not consumed right away but will be used to create wealth down the road is referred to as an investment in an economic outlook.
What kind of investment is this, specifically?The most popular ones are probably stocks, bonds, property, and ETFs/mutual funds. Real estate, certificates of deposit, annuities, cryptos, commodities, collectibles, as well as precious metals are additional investment options to think about.
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companies often make potential employees complete applications, interviews, background checks, and many other processes prior to hiring them. the eeoc considers all of these processes to be:
Answers
The EEOC considers potential employees complete applications, interviews, background checks as Selection tools.
The EEOC is an acronyms for the federal agency called Equal Employment Opportunity Commission.
Basically, the HR personnel of a companies conducts various test, research and interviews for job applicant to allows them select the most qualified applicant for the job.
All the procedure used by the HR personnel such as complete applications, interviews, background checks and other processes prior to hiring them are seen as Selection tools by the Equal Employment Opportunity Commission.
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Other things the same, an increase in velocity means that a. the rate at which money changes hands falls, so the price level rises. b. the rate at which money changes hands falls, so the price level falls. c. the rate at which money changes hands rises, so the price level rises. d. the rate at which money changes hands rises, so the price level falls.
Answers
An increase in the velocity of the money refers to a situation when the rate of changing leads to hand rises and ultimately results in an increase in the price level, indicating an inflation.
What is velocity of money ?Velocity of money refers to a method with the help of which the movement of the money in an economy can be measured. When the number of hands changing money increases, there is an economic growth.
So, option C; states that there is an increase in the velocity of money when the rate at which money changes hands rises, the price level also increases.
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person quits her job in order to spend time looking for a better-paying job. This type of 1) A unemployment is an example of
A) frictional unemployment.
B) seasonal unemployment.
C) cyclical unemployment.
D) structural unemployment.
Answers
This type of A unemployment is an example of: frictional unemployment. The correct option is A.
Frictional unemployment is a type of unemployment that occurs when people leave their current jobs to look for better opportunities. It is considered to be a natural part of the job market, and it is often temporary in nature. This type of unemployment is caused by a variety of factors, including job search costs, information asymmetry, and differences in job preferences.
When someone quits their job in order to find a better-paying job, they are likely experiencing frictional unemployment. This is because they are actively seeking new employment opportunities and may experience a brief period of time without a job while they search for their next opportunity.
It is important to note that frictional unemployment is not a negative thing. It is a sign of a healthy economy, as people are willing to leave their current jobs in search of better opportunities.
In conclusion, the person in the scenario is experiencing frictional unemployment because they left their current job to look for a better-paying job. While this type of unemployment is temporary, it is an important part of the job market and is a sign of a healthy economy. The correct option is A.
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The longer a goal takes to be realized the more likely it is to be successful. False True
Answers
Answer:
false
Explanation:
faulse because any thing can be successful if you put your mind to it.
Explanation:
Identify one piece of music shared during this presentation that captured your attention.
Please describe what you liked about the music or what the speaker had to say about it.
Answers
Music has a powerful way to take attractions of people mostly during the event
What is the purpose of the federal budget? A. It serves as a plan for government spending each year. B. It ensures that the government will always have a surplus C. It allows the government to default on its debts O D. It prevents the government from creating a budget deficit .
Answers
Answer:
It serves as a plan for government spending each year
The major purpose of the federal government is to serve as a plan for government spending each year.
What do you mean by a federal budget?A federal budget refers to a plan for how the government will take in money.
It is revised every year and the purpose is to outline the budget for the nation's priorities for years.
It serves as a plan for government spending. Therefore, A is the correct option.
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JohnBoy Industries has a cash balance of $54,000, accounts payable of $134,000, inventory of $184,000, accounts receivable of $219,000, notes payable of $129,000, and accrued wages and taxes of $41,500. How much net working capital does the firm need to fund?
Answers
Answer:Net working capital = $152,500
Explanation:
Net working capital = CA– CL
Where CA= Current Assets = Cash + Inventory + Accounts Receivable
and CL= Current Liabilities= Account payable + Notes payable + accrued wages and taxes
CA=$54, 000 + $184,000 + $ 219,000 =$457,000
Current liabilities = Account payable + Notes payable + accrued wages and taxes
CL = $134,000 + $129,000 + $41,500 = $304,500
Net working capital = Current assets – Current liabilities
Net working capital = $457,000 – $304,500= $152,500
Net working capital = $152,500
Fat Cat Furniture store sells two types of products; cat beds and scratching posts. Over the past year Fat at sold 6,000 cat beds and 4,000 scratching posts, the sales mix of 6,000 beds to 4,000 posts creates a percentage of 60% for the cat beds and 40% for the scratching posts. Fat Cat’s total fixed costs are $40,000. The cat bed’s unit selling price is $44.00 and variable costs per bed are $24.00. The scratching post’s unit selling price is $100.00 and variable cost per post is $30.00.
1. Calculate the weighted average contribution margin per unit. ($40)
2. Calculate Fat Cat’s breakeven point in units for the “package” of products.
3. Calculate how many units of each product line the company must sell in order to breakeven.
4. Calculate the sales dollars required of each product line to breakeven Do not use the weighted average contribution margin ratio formula due to rounding issues. May still use the weighted average contribution margin per unit formula.
5. Prove the breakeven point by preparing a contribution margin income statement Make sure to provide three columns: one for Cat Beds, one for Scratching Posts, and one for Total.
6. The owner of Fat Cat Furniture wants to earn a $60,000 profit. Calculate the sales volume in units and total sales dollars of each product line the company must sell in order to earn $60,000 in profit. Do not use the weighted average contribution margin ratio formula due to rounding issues. May still use the weighted average contribution margin per unit formula.
I need help especially on the 2nd question.
Answers
Answer: See explanation
Explanation:
1. Calculate the weighted average contribution margin per unit.
The weighted average contribution margin per unit will be:
= Contribution margin per unit × Sales mix ratio.
= ($20 × 60%) + ($70 × 40%)
= ($20 × 0.6) + ($70 × 0.4)
= $12 + $28
= $40
2. Calculate Fat Cat’s breakeven point in units for the “package” of products.
This will be:
= Fixed cost / Weighted average
= $40000 / $40
= 1000 units
3. Calculate how many units of each product line the company must sell in order to breakeven.
Breakeven for cat beds = 1000 × 60% = 1000 × 0.6 = 600 units
Breakeven for scratching post = 1000 × 40% = 1000 × 0.4 = 400 units
is laws and regulations that govern business. is well-defined rules for appropriate business behavior. do not vary from one person to another. is most important for advertising agencies. is the application of moral standards to business situations.
Answers
The Company pledges to conduct itself in a way that upholds all applicable laws, norms of conduct in the workplace, and business ethics, as well as to treat every employee equally and fairly.
Does a set of laws specify how a company ought to conduct itself?Every business has a code of conduct that is applicable to both the organization and its staff. The motivation behind the rule of conduct is business ethics. Corporate ethical guidelines are frequently adopted freely by businesses, but on occasion, these guidelines may also be mandated by law.
Business ethics: What Is It?The rules for ethically correct and wrong behavior in company are referred to as business ethics. Law defines behavior in part, but "legal" and "ethical" are not always synonymous. By defining permissible practices outside of the purview of the state, business ethics strengthen the law.
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Under which type of policy does the government reduce its expenditures and increase tax rates? A. contractionary monetary policy B. contractionary fiscal policy C. expansionary fiscal policy D. expansionary monetary policy
Answers
Answer:
B. contractionary fiscal policy
Explanation:
The government influences economic direction through fiscal policy measures of increasing or decreasing its expenditure and taxation. Therefore, fiscal policies involve the government's actions of adjusting its spending and taxation to achieve desired economic objectives.
Fiscal policies can either be contractionary or expansionary. Contractionary measures are applied to control rising inflation and moderate the rate of growth. These policies aim at reducing liquidity in the market, thereby achieving stable prices. A reduction in government spending and an increase in taxation reduces liquidity or money circulation.
Answer:
b
Explanation:
g bank of the west is advertising a 60-month, 6.05% apr auto loan. if you need to borrow $7,500 to purchase your dream tesla, what will your monthly payment be?
Answers
Monthly Payment when a principle of $7500 is borrowed at 6.05% per annum will be $145.19
As given, Amount to be borrowed = $7500Duration of Loan = 60 months Annual Percentage Rate (APR) = 6.05%To calculate the Monthly payment, we use the formula below;
EMI = P * R * (1+R)^N / ((1+R)^N - 1)Where,P = Loan amount R = Interest Rate per month N = Number of payments During calculation, we will have to use interest rate per month as well as number of months.
so first we calculate these two parameters. Interest Rate per month, r = APR / (12 * 100)r = 6.05% / (12 * 100)r = 0.0504Number of payments, n = 60 (Given)
Now, putting the values in the formula, EMI = P * R * (1+R)^N / ((1+R)^N - 1)EMI = $7500 * 0.0504 * (1 + 0.0504)^60 / ((1 + 0.0504)^60 - 1)EMI = $7500 * 0.0504 * (1.0504)^60 / ((1.0504)^60 - 1)EMI = $145.19Hence, Monthly Payment will be $145.19.
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The difference in costs between two alternatives is called a(n) ______ cost. Multiple choice question. common sunk incremental opportunity
Answers
Answer: Incremental
Explanation: Also called differential cost
Answer:incremental/differential
Explanation:
a common cost benefits more than one product and cannot be traced to a specific product
Holy macaroni! That's Almost It!
We're done with the four habits of millionaires-to-be.
Do you remember what the habits were? Let's see...
Check the sentences that best describe the "Big Four
Habits."
And you'll see this question again in the test
. You're not quite there yet. Try again.
Virtually all of the 7 million millionaires in the United States
never had to think about tomorrow, since they knew they would be
rich.
were always thinking ahead.
wanted their money to work for them.
wanted to store their money under the bed.
were looking forward to buying a lot of nice toys.
assumed all sellers were telling the truth.
learned how to make smart decisions by doing their homework.
always paid their cell phone first.
always paid themselves first.
Answers
Answer:
2,3,7 and the last one
Explanation:
Just had the same question and went back into the lesson to look . THESE TAKE FOREVER HAHA
Seven million millionaires in U.S :
we're always thinking ahead.wanted their money to work for them.learned how to make smart decisions always paid themselves first.Who are millionaires?Millionaires are those individuals who have a net worth that is equal to or are then one million units of currency.
These people include businessmen that have own business and own large amount of shares in other companies. The millionaires networth and financial assets also contribute to the nation's GDP.
Find out more information about the millionaires.
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As a factor of production, what is capital?
A. an industrial good
B. the natural resources used to create a product
C. the entrepreneur who sees how to make something useful
D. the tangible products made by labor
Answers
Answer:
Option "D" is the correct answer.
Explanation:
Labor produces tangible goods, which are referred to as capital. There are production-related man-made items such as machinery, vehicles, and chemicals. That is what sets them apart from commercial products.
(This class is called life management)
A basic decision that you make every day about every day things are known as:
A) Major Decisions
B) Routine Decisions
C) Classic Decisions
D) Life altering decisions
Answers
Answer:
B is answers for the question
Explanation:
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_______ is an important step of the marketing process because it involves the process of systematically collecting, recording, and analyzing data on what consumers want and need, their consumption habits, trends, and changes in the marketing environment.
a. Marketing strategy
b. Marketing information system
c. Sales forecast
d. Marketing research
Answers
Answer:
Customer relationship management
Write a short paragraph describing the benefits of working as a team to complete a project.
Answers
Answer:
A group of people who have to achieve common goal is known as team. If we work in team it increases our creativity and learning, it also builds trust. It boost the particular person when we work in team. We can also learn faster. There are more chances of getting success in particular area if we work in team. As there is saying, " together we can achieve more what each of us can achieve." It also enhances productivity and capability.
When property rights are well defined and markets are: competitive market equilibrium violates the conditions for economic efficiency.market equilibrium is consistent with economic efficiency.conditions necessary for economic efficiency no longer apply.quantity supplied will rarely equal the quantity demanded.
Answers
Complete Question:
When property rights are well defined and markets are competitive, the
Group of answer choices:
a. market equilibrium violates the conditions for economic efficiency.
b. market equilibrium is consistent with economic efficiency.
c. conditions necessary for economic efficiency no longer apply.
d. quantity supplied will rarely equal the quantity demanded.
Answer:
b. market equilibrium is consistent with economic efficiency.
Explanation:
A property right is the exclusive or sole authority which determines the legal ownership of resources and how these resources are to be used, whether by individuals or government.
Also, a competitive market is a type of market that comprises of numerous producers who compete with each other so as to satisfy or meet the material needs and wants of consumers at a specific period of time.
Hence, when property rights are well defined and markets are competitive, the market equilibrium is consistent with economic efficiency.
This ultimately implies that, when the ownership of resources are well defined and markets are competitive, all benefits from trade between the consumers and producers of goods and services has been maximized, and each units creating more benefit to the consumers than cost have been produced in the economy.
2. A company determines that the cost, in dollars, of producing x items is given by C(x) = 15x + 0.07x". [5] a. Determine the marginal cost function. b. Find the marginal cost at a production level
Answers
a. The marginal cost function is MC(x) = 15 + 0.14x. b. The marginal cost of producing 100 items is 29 dollars.
To find the marginal cost function and the marginal cost at a production level, we'll first need to determine the derivative of the cost function, C(x) = 15x + 0.07x^2.
a. Determine the marginal cost function:
To find the derivative, we'll apply the power rule: d/dx (x^n) = nx^(n-1).
For the term 15x, the derivative is 15(1)x^(1-1) = 15.
For the term 0.07x^2, the derivative is 2(0.07)x^(2-1) = 0.14x.
Thus, the marginal cost function is MC(x) = 15 + 0.14x.
b. Find the marginal cost at a production level:
To find the marginal cost at a specific production level, plug the value of x (number of items produced) into the marginal cost function. Let's say you want to find the marginal cost at a production level of 100 items. Plug x = 100 into the marginal cost function:
MC(100) = 15 + 0.14(100) = 15 + 14 = 29 dollars.
So, the marginal cost of producing 100 items is 29 dollars.
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Stages of Production - Stage 1 - Increasing Returns
What is the criterion for determining how long output will rise?
Answers
The answer to the question is that the criterion for determining how long output will rise in stage 1 of the stages of production is that the average cost of production keeps decreasing.
The criterion for determining how long output will rise in stage 1 of the stages of production is that the average cost of production keeps decreasing. Stage 1 of the stages of production is the phase in which the production is increasing at a constant rate. In stage 1, the addition of a variable factor of production (e.g. labor) to a fixed factor of production (e.g. capital) increases the marginal product of labour (MPL). This leads to a rise in output.
The average product of labor (APL) and the marginal product of labor (MPL) of the first few labor units is higher than that of the later few labor units. This happens because when we add a labor unit, the total output increases at a greater rate initially. However, beyond a certain level of labor, the marginal product of labor starts to fall due to reasons like the fixed factor being limited, or coordination issues. The average product of labor keeps increasing until it reaches the maximum value and then starts to fall after a certain level.
According to the criterion for determining how long output will rise in stage 1 of the stages of production, when the addition of labor leads to a decrease in the average cost of production, then the production will continue to increase for an extended period. This is because as production continues, the cost of producing a unit of output decreases until it reaches a point where any further increase in production will cause the average cost of production to increase.
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Which of the following is not generally considered as a measure of system performance in queuing analysis?Select one:a.The average number waiting in lineb.Server utilizationc.The average service timed.The average number in the systeme.The probability that an arriving customer will have to wait for service
Answers
The correct answer is b. Server utilization.
In queuing analysis, server utilization is typically considered as a measure of resource utilization rather than system performance. It represents the proportion of time that the server is busy serving customers compared to the total time. While server utilization is important for understanding the efficiency of resource allocation, it does not directly reflect system performance or customer experience.
On the other hand, the other options listed are commonly used as measures of system performance in queuing analysis:
a. The average number waiting in line: This metric indicates the average number of customers waiting in the queue before being served. It provides insights into customer waiting times and queue congestion.
c. The average service time: This measure represents the average time it takes to serve each customer. It reflects the speed and efficiency of the service provided.
d. The average number in the system: This metric includes both the customers being served and those waiting in the queue. It gives an overall view of the system's workload and customer demand.
e. The probability that an arriving customer will have to wait for service: This measure indicates the likelihood that a customer will experience waiting time before being served. It helps assess the level of service provided and customer satisfaction.
Therefore, server utilization (option b) is not generally considered as a measure of system performance in queuing analysis.
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88 million people live on less than $1. 00 a day. These people are said to be living in _____________.
Answers
88 million people live on less than $1. 00 a day. These people are said to be living in absolute poverty.
Poverty is about no longer having enough money to fulfill primary wishes which include meals, garb and safe haven. but, poverty is extra, an awful lot more than just now not having enough cash. the arena bank corporation describes poverty in this manner: “Poverty is hunger. Poverty is loss of safe haven.
We will outline poverty as the circumstance in which the fundamental needs of a own family, like meals, refuge, clothing, and schooling are not fulfilled. it is able to lead to different troubles like poor literacy, unemployment, malnutrition, and so on. A terrible individual is not capable of get education due to lack of cash and consequently stays unemployed.
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Utility is an important aspect of market research because it can save a company lots of time and money.
true or false
Answers
The given statement that Utility is an important aspect of market research because it can save a company lots of time and money is false.
What is market research?Market research is defined as the process of actively questioning latent customers to find out the viability of a brand-new service or product.
Market research modifies a business to determine its target market and find comments and another input from customers about their involvement in a product or service.
Utility is critical to the market, but it does not support to save money because it is similar to bills.
Therefore, the given statement is false.
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