Governments in Australia and around the world are consideringimplementing a minimum price (aka price floor) on alcohol. Yourtask is to use the Economic way of thinking learnt in this unit toformall
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A price floor on alcohol is an economic policy that sets a minimum price below which alcohol cannot be sold.
When a price floor is implemented, it affects both the supply and demand sides of the market. Here are the step-by-step impacts of a price floor on alcohol:
1. The government sets a minimum price for alcohol that is higher than the current market equilibrium price.
2. As a result, the quantity of alcohol demanded decreases, since some consumers are unwilling or unable to pay the higher price.
3. The quantity of alcohol supplied, on the other hand, may increase, as producers seek to take advantage of the higher price.
4. This leads to a surplus of alcohol in the market, as the quantity supplied exceeds the quantity demanded.
5. Over time, the surplus may be absorbed through various channels, such as government buy-back programs, producers adjusting their production levels, or increased exports to other countries.
6. As the goal of the policy is to reduce alcohol consumption and its negative externalities, the decrease in quantity demanded should ideally lead to improvements in public health and social outcomes.
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A system should be measured in terms of its total value to the customer. Of particular interest within the domain of systems engineering management are the issues of life cycle cost (LCC). Describe and briefly discuss 4 categories of those cost. 1. Research and development 2. Production 3. System Operation 4. Maintenance and support.
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Management systems help businesses optimize their processes and improve their efficiency. The system should be measured in terms of its total value to the customer, and systems engineering management is concerned with life cycle costs (LCC).
The four categories of LCC are as follows:
1. Research and Development Research and development expenses account for a significant portion of the total cost of a product or system. In this category, the cost of conducting feasibility studies, research and development, and technology development are all included. The objective is to identify new product opportunities, conduct research to validate the feasibility of the product, and develop new technologies to improve product performance.
2. ProductionIn the production phase, the costs of designing, manufacturing, and testing the product or system are included. These expenses include labor costs, material costs, production equipment depreciation, and manufacturing overhead.
3. System OperationThe costs of operating the system in the field are included in this category. This includes items such as fuel, energy, transportation, and maintenance.
4. Maintenance and SupportIn this category, the cost of maintaining the system throughout its life cycle is included. The cost of providing customer support and technical assistance, as well as any necessary upgrades or replacements, is included.
In addition, the cost of any warranty services or extended warranties is included.The life cycle cost (LCC) model provides a comprehensive perspective for estimating the total cost of ownership. By taking into account all costs associated with the system, the LCC provides a more accurate estimate of the total value to the customer.
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free creditsssssssssssssssssssssssssssss
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Answer:
ty
Explanation:
what does the A mean in smart
Answers
Answer:
attainable
Explanation:
specificmeasurableattainablerealisticand time bounda good for which one unit of the good is essentially the same as every other unit of the good is known as a(n)
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A good is considered fungible if one unit of the good is substantially the same as every other unit of the good.
If securities or other goods may be exchanged for one another because they are equivalent or include a large number of the same components, they are said to be fungible good. Fungible things include tangible products, securities, and other financial instruments. A product is probably not fungible if it is sold by weight or quantity. Items that can be utilized interchangeably because they are nearly identical to one another are referred to as fungible goods. Commodities, common shares, options, and dollar notes are examples of fungible things. Assets like diamonds, real estate, and baseball cards are not fungible since each unit has unique characteristics that can raise or lower value. Understanding Fungible Goods, In the world of banking and investing, fungible goods include commodities, common shares, options, and dollar bills. The terms "fungible" and "barter" are not equivalent. It is not always the case that a good acquired through barter is the same as the thing exchanged in units. In other words, it is possible to trade products with different or incomparable values.
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if the government imposed a federal interest rate ceiling of 20% on all loans, who would gain and who would lose?
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If the government imposed a federal interest rate ceiling of 20% on all loans, the borrowers would generally gain, and the lenders might lose.
Borrowers would gain because they would be protected from paying exorbitant interest rates on their loans, making it more affordable for them to access credit. A lower interest rate could lead to increased borrowing and potentially stimulate economic growth.
Lenders, on the other hand, might lose because the interest rate ceiling could reduce their potential earnings on loans, especially for high-risk borrowers. The capped interest rate might not be enough to compensate for the risks associated with lending to certain individuals or businesses, which could result in less credit being available to those with higher risk profiles.
In summary, a federal interest rate ceiling of 20% on all loans would benefit borrowers by keeping interest rates more affordable while potentially reducing the income for lenders, especially for high-risk loans.
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in 2007, the fdic’s insurance limit was $100,000 per person per bank. if sam had a $150,000 savings account and $80,000 checking account at bank j, a $95,000 money market account at bank k, and a $200,000 savings account at bank l, how much of sam’s money was fdic insured?
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In total, $100,000 from Bank J and $95,000 from Bank K would be insured by the FDIC. The remaining amounts exceeding the insurance limit would not be covered by FDIC insurance.
In 2007, the FDIC's insurance limit was $100,000 per person per bank. Based on the information provided, we can determine the FDIC insurance coverage for Sam's accounts.
At Bank J, Sam had a $150,000 savings account and an $80,000 checking account. Since both accounts were held at the same bank, the combined total of $230,000 ($150,000 + $80,000) exceeded the FDIC insurance limit. Therefore, the maximum amount insured by the FDIC for Sam's accounts at Bank J would be $100,000.
At Bank K, Sam had a $95,000 money market account. Since the balance is below the FDIC insurance limit, the full amount of $95,000 would be insured.
At Bank L, Sam had a $200,000 savings account. Again, the balance exceeds the FDIC insurance limit. Therefore, the maximum amount insured by the FDIC for Sam's account at Bank L would be $100,000.
In total, $100,000 from Bank J and $95,000 from Bank K would be insured by the FDIC. The remaining amounts exceeding the insurance limit would not be covered by FDIC insurance.
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Question: Read this paragraph and identify and write at least five concepts that need concept analysis and operational definition. Explain your choice.
Paragraph: "Industrial processes emit huge amounts of organic compounds, carbon monoxide, hydrocarbons, and chemicals into the air" (Munsif, 2020). Industrial production and operations are responsible for industrial pollution, which makes up a large portion of overall air pollution emissions. Indoor (or domestic) air pollution is caused by the collective actions of people around the world. These include sources, such as transportation, which also constitutes a large percentage of total greenhouse gas emissions. A car, for example, emits greenhouse gasses, such as carbon dioxide, methane, and nitrous oxide (REF). "Pollutants come from human activities, such as cars, trucks, airplanes, marine engines, etc., factories, electric power plants, etc. Nowadays, vehicles on the road constitute the major source of air pollution in populated countries. Road transport accounts for a major source of air pollution. It is specified that road transport is the second source of air emissions up to 28.6% after the industrial use of solvents which is 41.4%." (Munsif, 2020).
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Concept analysis and operational definition are necessary to understand which gases are included and what their potential impacts are on the environment and health. An operational definition will help us know what actions can be taken to control the emissions of these gases
Industrial processes:
Concept analysis and operational definition is necessary to understand which processes and industries are being referred to, as not all industries have the same pollution levels and causes. For instance, a paper mill has different emissions and pollutants than a cement factory. Therefore, which industries are included in the industrial process is essential to know. Also, operational definition of industrial processes will give clarity on what steps can be taken to reduce emissions and pollutants in each type of industrial process.
Organic compounds:
Concept analysis is required to determine which organic compounds are emitted and what their impact is on the environment and health. While operational definition of organic compounds is needed to establish a common understanding of what organic compounds are being referred to, as this is a broad term.
Carbon monoxide:
Concept analysis and operational definition are required to understand its impact on the environment and health. Also, an operational definition will help us know where it is emitted from, and how it can be controlled.
Hydrocarbons:
Concept analysis and operational definition are required to understand which hydrocarbons are being referred to, how they impact the environment, and their potential for causing health problems.
Collective actions:
Concept analysis and operational definition are necessary to understand what actions are being referred to, and how they impact air pollution. Also, operational definition will help us identify what steps can be taken to reduce the collective impact of these actions.
Greenhouse gases:
Concept analysis and operational definition are necessary to understand which gases are included and what their potential impacts are on the environment and health.
An operational definition will help us know what actions can be taken to control the emissions of these gases.
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Why is important for all business majors to study strategic management since most students will never become a chief executive officer nor even a top manager in a large company
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Answer:
it is good that all business majors study this regardless, as strategic management takes place at several/multiple levels in any organization they may find themselves
Explanation:
Even though most students may never become CEOs or branch manager or department heads of departments, it is good they study strategic management as strategic management provides directions through the development of plans on how to achieve an organizations set goals.
Several other levels in an organization may require the knowledge of strategic management. These employees in these other job roles could be asked to complete strategic plans for their various departments. Also at all levels, employees are asked to make contributions towards their organizations strategic plan. This makes it important for all business majors to study.
write a short response paragraph explaining how a credit score could contribute to keeping someone caught in a cycle of poverty
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Answer:
A credit score is a numerical representation of a person's creditworthiness, which lenders use to determine their ability to repay loans. Unfortunately, people with low credit scores may find it difficult to access credit, which can make it challenging to obtain loans to start a business, purchase a home, or cover emergency expenses. This lack of access to credit can make it challenging for people caught in the cycle of poverty to break free, as they may not have the resources to address urgent financial needs or invest in income-generating opportunities. Additionally, without access to credit, they may turn to predatory lenders or high-interest credit cards, further perpetuating the cycle of poverty. Therefore, a low credit score can contribute to keeping someone caught in a cycle of poverty by limiting their financial options and making it difficult to improve their economic situation.
Explanation:
fees for service are determined by which of the following?
Each bank
Each transaction
Each customer
Each branch of bank
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Answer:
Each bank
Explanation:
Banks offer various types of services to customers such as funds transfers, check clearance, foreign exchange, among many others. Since the services are offered by the bank, it is the bank that charges the service fees. The banks also determine the amount of fees to charge per service.
Typically, a bank will apply uniform charges across all its branches. The charges for different services are determined by the bank's top management and apply to all its branches in a country.
The uses and gratification approach emphasizes that consumers:.
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Answer:
are more likely to be excited to buy your product
Explanation:
the uses and gratification mean that you are proud and/or excited about something which in this case would be buying the product.
who is ymca's target market?
who are ymca's end-users?
who are ymca's donors?
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YMCA's target market is women.
YMCA's end-users are people of all ages.
YMCA's donors can be anyone.
A global youth organization with over 64 million beneficiaries in 120 countries, the YMCA (also referred to as the Y in certain regions) is headquartered in Geneva, Switzerland.
The Y not only offers fitness facilities to strengthen your body and mind, but it also gives you peace of mind by offering the best childcare available. The growth and development of your child's mental, physical, and emotional well-being can be significantly influenced by the correct childcare programs.
In 1844, a farmer-turned-department store employee and his pals met in industrial London to form the first YMCA, a haven for young men seeking safety from the dangers of the streets.
Yes, we are aware that the YMCA audience consists primarily of women between the ages of 35 and 55 who enjoy visiting the shore and who are interested in SUVs (example of X YMCA).
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Marsha is working part-time at a restaurant. She makes an average of $200 per week and her parents send her a monthly allowance of $100. She has the following monthly expenses: Cell phone, $62.00; Gas, $100.00; Food, $200.00; Entertainment, $100.00; Car payment, $200.00; and Insurance, $125.00. Use this information to fill in Marsha’s Income Statement for the current month.
Income:
Total Income:
Expenses:
Total expenses:
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If She makes an average of $200 per week and her parents send her a monthly allowance of $100. Her net income is $113.
Income StatementMarsha’s Income Statement for the current month
Income $900
[($200 per week×4 weeks)+$100]
Total Income $900
Expenses:
Cell phone $62.00
Gas, $100.00
Food $200.00
Entertainment $100.00
Car payment $200.00
Insurance $125.00
Total expenses $787
Net income $113
($900-$787)
Therefore her net income is $113.
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Identify which of the following statements is correct as to why accounting is important. Multiple choice question. We live in an information age whereby accounting information impacts everyone. Accounting information identifies, records and communicates information about a business. Accounting information is based on stock market valuations which are current and reliable. Accounting information summarizes or conveys information about an organization's business activities.
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Answer:
Accounting information identifies, records and communicates information about a business.
Explanation:
The accounting information identified the business records and communicate the business information to the insiders and outsiders also it does not have any effect on everyone except the stakeholders. In addition to this, it is not depend upon the valuation made for the stock market
So as per the given situation, the above statement should be correct
The correct statement is that "we live in an information age whereby accounting information impacts everyone."
Information is incredibly important in modern time than ever because of how quickly its allows businesses to gather and make conclusion on what can improve their businesses.
Hence, the correct statement is that "we live in an information age whereby accounting information impacts everyone."
Therefore, the Option A is correct.
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answer pls due today
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you subtract $555.00 and $494.00, the difference between them at $61.00
4. Which statement best describes the relationship between the war during 1941 and 1944? A. In both years, the Germans are winning the war, making 1944 an urgent moment to surprise them. B. In 1941 the Germans were winning but in 1944 the Allies had dealt them many losses. C. In 1941 and 1944, the Allies were winning but not quite able to destroy the German army. D. In 1941, the Germans were better trained than the Allies are in 1944.
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Answer:
B. In 1941 the Germans were winning but in 1944 the Allies had dealt them many losses.
Explanation:
In 1941, the German army was extremely successful and you could say that they were winning since most allied troops had suffered great losses. Germany was trying to expand and gain more territory. By 1944, the American army and the remains of the allied forces had almost defeated the German army and were already fighting in continental Europe.
Principles of integration are critical to success and require a ______________view. getting the correct balance of _______ and _______ media elements is important.
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Principles of integration are critical to success and require a long-term view. getting the correct balance of traditional and modern media elements is important. Radio, broadcast television, cable and satellite, print, and billboards are examples of traditional media. These are the kinds of advertisements that have been used successfully in traditional media campaigns for many years.
Nevertheless, there is still disagreement over the ideal format even among traditional media. The distinction between new media and traditional media. Using traditional media, companies can reach a wide audience by using billboards, print ads, and TV commercials. On the other side, using SEO, PPC ads, and social media etc.
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an injection-molding machine produces 25 different plastic molded parts in an average year. annual demand for a typical part is 20,000 units. each part is made out of a different plastic (the differences are in type of plastic and color). because of the differences, changeover time between parts is significant, averaging 5 hr to change molds and purge the previous plastic from the injection barrel. one setup person normally does these two activities sequentially. a proposal has been made to separate the tasks and use two setup persons working simultaneously. in that case, the mold can be changed in 1.5 hr and purging takes 3.5 hr. thus, the total downtime per changeover will be reduced to 3.5 hr from the previous 5 hr. downtime on the injection-molding machine is $200/hr. labor cost for setup time is $20/hr. average cost of a plastic molded part is $2.50, and holding cost is 24% annually. for the 5-hr setup, determine (a) the economic batch quantity, (b) the total number of hours per year that the injection-molding machine is down for changeovers, and (c) the annual inventory cost. for the 3.5-hr setup, determine (d) the economic batch quantity, (e) the total number of hours per year that the injection-molding machine is down for changeovers, and (f) the annual inventory cos
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(a) For Tsu=5.0 hr, Csu=5(200$) + 5(20$) = $1100/setup hC= 0.24(2.50) = $0.60/pc EOQ=(29(292 20,00011000.60=(29673.333 10= 8,563.5, which is rounded to 8564 pc
(b) Changeovers per part per year = 20,000/8564 = 2.335 changeovers per year Number of changeovers for 25 pieces is 25(2.335) = 58.4 changeovers per year. Total downtime at 5 hours per switch is 58.4 (5.0) hours, or 292 hours
(c) TIC= 0.5(8564)(0.60) + 20,000(1,100)/8564 = $5,138 TIC = 25(5,138) = $128,450 for 25 pieces
(d) For Tsu = 3.6 hours, Csu = 3.5 ($200) + (1.5 + 3.5) ($20) = $800/setup. EOQ=(29(292 20,0008000.60=(29653.33310= 7303 pc
(e) Changeovers per part per year are equal to 20,000/7303, or 2.739 changeovers each year. Number of changeovers for 25 pieces is 25(2.739) = 68.5 changeovers per year. Total downtime at 3.5 hours each transition is 68.5 (3.5) hours, or 239.6 hours
(f) TIC= 0.5(7303)(0.60) + 20,000(800)/7303 = $4382 TIC = 25(4382) = $109,550 for 25 pieces.
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Suppose the demand for peanuts increases. What will happen to producer surplus in the market for peanuts
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When the demand for peanuts increases, producer surplus in the market for peanuts will also increase. In an economy, a producer is someone who creates and supplies goods or services for sale, either on their own or as a company.
The desire for a good or service, along with the capability and willingness to pay for it, is referred to as demand. When the price of a commodity rises, consumers are likely to demand fewer of it, while when the price falls, they are likely to demand more. When the price of a commodity rises, producers are likely to supply more of it, while when the price falls, they are likely to supply less of it. Producer surplus is defined as the difference between the amount the producers are ready to receive by selling a commodity and the amount they actually earn by selling it. The gap between what producers are willing to accept for a commodity and what they actually receive is referred to as producer surplus. The producer surplus is the region below the market price and over the supply curve.
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What does accounting help you achieve in an organization?
Answers
Answer:
Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.
Explanation:
If a stadium sells 40,000 seats sold at $20, $22.50, and $25 and $28 equally distributed in four sections, how much can be made if the stadium sells out?
Answers
section B = 14,900 seats
section C = 7,600 seats
Amount of stadium sells out is $955,000
Given:
Number of stadium sells = 40,000
Four section cost = $20 , $22.5 , $25 , $28
Find:
Amount of stadium sells out
Computation:
Average price = [20 + 22.5 + 25 + 28] / 4
Average price = [20 + 22.5 + 25 + 28] / 4
Average price = 95.5 / 4
Average price = $23.875
Amount of stadium sells out = Number of stadium sells × Average price
Amount of stadium sells out = 40,000 × $23.875
Amount of stadium sells out = $955,000
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Lindsay is a personal trainer who works with athletes to get them ready for their events. She helps them learn how to strengthen their muscles and keep their bodies in prime condition so that they will perform at their best. The pathway in the Education and Training cluster that Lindsay’s career falls into is _____.
Answers
Answer: Fitness trainer
Explanation:
A fitness trainer is an individual who is responsible for the sole purpose of training individuals on how they can keep their body in fit condition, either for competition reasons, for their health sake or a personal decision by them. Most fitness trainer are paid and they are professionals who have undergone training either by education or have been taught by someone to carry out such practise
Answer:
C. Professionals Support Services
Explanation:
If you are projecting your future financially, what are your
doing?
Risking
Forecasting
Managing
Expanding
Answers
Answer:
Forecasting
Explanation:
Because a weather forecast looks ahead for weather. You are forecasting your financial future
A person offers you the following deal. You can have the proceeds of $2 doubled each year at the end of 15 years, or you can have $10,000 at the end of 15 years. Which deal should you take? Why?
Answers
Answer:
The deal I would take is the first deal.
Explanation:
I would take the first deal because as it's getting doubled by the number after the fourth year you would make $65,536 which is way more money then $10,000 at the end of 15 years.
who perpares the design of construction? why is it important? give reasons
Answers
Answer:
Architect and engineer both prepare the design of construction.
Explanation:
It is important because it helps ti ensure that your designs are translated efficiently into an amazing final product. It is clearly that design plan is crucial to the success of any commercial construction project.
Answer:
Engineer prepares the design of instruction .It is important because, there will not be any harm after the construction to the specific architecture which you were constructing it prevents from harms like broking down the architecture because of not proper management.
Consider a water well that can be drilled in either a shallow, unconfined aquifer or a deep, confined aquifer. drilling deeper will cost more money; however, the choice is made to drill into the confined aquifer. this is because the confined aquifer will
Answers
initial drilling costs may be higher, the long-term benefits of accessing a clean and abundant water source from a confined aquifer outweigh the upfront expenses.
Why is the choice made to drill into the confined aquifer despite the higher cost of drilling deeper?The decision to drill into the confined aquifer, despite the higher cost, is likely based on several advantages associated with it. Confined aquifers typically have greater water quality and are less susceptible to contamination compared to shallow, unconfined aquifers. They are usually protected by impermeable layers that prevent pollutants from seeping into the water source. Additionally, confined aquifers tend to have higher yields, meaning they can provide a greater volume of water, making them more reliable for sustained water supply. Although the initial drilling costs may be higher, the long-term benefits of accessing a clean and abundant water source from a confined aquifer outweigh the upfront expenses.
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Prompt
What is debt?
Answers
Answer:
debt is when you spent more money than you had
periods of increasing and decreasing real gross domestic product (gdp) describes:
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Periods of increasing and decreasing real gross domestic product (GDP) refer to the expansion and contraction of an economy over time.
An economy is said to be in an expansion or growth phase when its GDP is increasing over a period of time. This phase is characterized by an increase in employment, consumer spending, business investment, and economic activity in general.
Conversely, a contraction or recession phase is characterized by a decline in GDP over a period of time, leading to a decrease in employment, consumer spending, business investment, and economic activity.
Measuring the growth and decline of an economy is important in understanding its overall health and stability. Government policymakers and economists often use GDP as a key metric to assess the economic performance of a country or region.
Additionally, businesses and investors may use GDP data to inform their decisions regarding investment, hiring, and expansion plans.
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You own a construction business and need to hire workers to build a house and add one worker at a time to the added contribution of each worker. At what point will you stop hiring workers ? Relate this process to the three stages of production function as you explain your answer .
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In the long run, all inputs are variable, so the marginal product of labor will continue to decline as more workers are added. Eventually, the marginal cost of hiring additional workers will exceed the marginal benefit, and it will no longer be profitable to hire more workers.
In the context of a construction business, you would likely stop hiring workers when the marginal product of labor begins to decline, or when the marginal cost of hiring additional workers exceeds the marginal benefit. This decision would be based on your analysis of the costs and benefits of hiring more workers, and your assessment of the efficiency and productivity of your construction process
two rivers that helped China develop
Answers
primero el rio Amarillo (Huang He) en el norte, y más tarde el Yangtze en el sur.
Two great rivers run through China Proper: the Yellow River in the north, and the Yangtze (or Yangzi ) River to the south