In Pure Competition industry, a firm has a cost function given
by: C(Q)=10Q2+250
At what output level is average cost minimized? [Please explain
verbally and mathematically]
Answers
The output level at which the average cost is minimized is 5 units.
The formula for Average cost is given by AC = C(Q)/Q, where AC is the average cost, C(Q) is the total cost, and Q is the output level.
To find the output level at which the average cost is minimized, we need to differentiate the average cost function, AC with respect to Q.
Therefore, the formula for AC becomes:
AC(Q) = [C(Q)/Q]
AC(Q) = [10Q²+250]/Q
AC(Q) = 10Q + 250/Q
We can now differentiate AC(Q) to get the point where the minimum average cost occurs.
AC′(Q) = 10 - 250/Q²
To find the output level where the average cost is minimized, set AC′(Q) to zero:
AC′(Q) = 10 - 250/Q²
= 0Q²
= 25Q
= ±5
But since we can not have a negative output level, the output level at which the average cost is minimized is 5 units. Output level at which the average cost is minimized = 5 units.
Therefore, the output level at which the average cost is minimized is 5 units.
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Related Questions
The overriding reason why households and societies face many decisions is that.
Answers
Answer:
Resources are scarce.
Explanation:
The Overriding reason why households and societies face many decisions is that Ans: Resources are scarce. We have scarcity of resources, hence the management of the same is crucial.
Question 6 of 10
Which of the following speeds will produce lowest miles per gallon?
A. 75 mph
B. 45 mph
C. 85 mph
D. 55 mph
Answers
what is business and what is occupation
Answers
Answer:
Business:
A person's regular occupation, profession, or trade.
Occupation:
A job or profession.
Explanation:
I looked them up in a dictionary.
Please mark me brainliest! I need it! Please!
BOX 2.5 Case Highlight Limiting Imports of Hormone-Treated Beef Case Name and Tribunal European Communities-Measures Concerning Meat and Meat Products (Hormones) (WTO Appellate Body, 1998)17 Facts In response to concerns of EU citizens about the risks presented by beef injected with natural and synthetic growth hormones, the European Union imposed a ban on the import of such beef. The United States challenged the restriction under the SPS Agreement, claiming that the panel reviewing the issue evalu- ated the risk associated with the use of hormones for growth promotion twice and the only evidence on record showed that the studies looked at a "theoretical framework for the systemic analysis of such problems" but did not actually investigate and evaluate the problems that arise from the use of such hormones. Issue Did the EU's ban on hormone-treated beef comply with the re- quirements of the SPS Agreement? Decision A risk assessment, as required by Article 5.1, is "a scientific process aimed at establishing the scientific basis for the sani- tary measure a Member intends to take." The ban was found not to be based on a risk assessment that followed scientific principles and procedures and, therefore, was in violation of the SPS Agreement. Analysis/Application In order to rely on exceptions to the GATT under the Agree- ment on Technical Barriers to Trade (TBT Agreement), member states must rely on sound scientific principles and provide evi- dence of such. Aftermath The case raised difficult issues and required a consideration of the uncertainty presented by divisions of scientific opinion. The European Union was unwilling to remove its restrictions on the import of the hormone-treated beef, with the result that the WTO in 1999 authorized the United States and Canada to col- lect penalties of more than $100 million per year in extra duties on European exports. The European Union brought the issue back to the WTO, where unprecedented open hearings were held in 2005. The European Union argued that new scientific evidence showed that the European Union complied with the 1998 WTO judgment. The impasse between the United States and the European Union was settled by way of a negotiated agreement in 2012 in which the European Union kept its ban on importing hormone-treated beef but increased its quota for importing beef from Canada and the United States.
Answers
The case mentioned is the European Communities-Measures Concerning Meat and Meat Products (Hormones) case, which was brought before the WTO Appellate Body in 1998.
The case involved a dispute between the European Union (EU) and the United States regarding the EU's ban on the import of beef treated with growth hormones.
The EU had imposed the ban in response to concerns raised by its citizens regarding the potential risks associated with the consumption of beef injected with natural and synthetic growth hormones. The United States challenged the ban, arguing that the EU had not conducted a proper risk assessment as required under the Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement).
The Appellate Body, in its decision, determined that the EU's ban on hormone-treated beef did not comply with the requirements of the SPS Agreement. It stated that a risk assessment should be a scientific process aimed at establishing the scientific basis for the sanitary measure, and the EU's ban did not follow scientific principles and procedures.
The case highlighted the importance of relying on sound scientific principles and providing evidence when implementing trade measures that may restrict imports. Under the Agreement on Technical Barriers to Trade (TBT Agreement), exceptions to the General Agreement on Tariffs and Trade (GATT) require adherence to scientific principles.
The aftermath of the case resulted in tensions between the United States and the European Union, with the WTO authorizing the United States and Canada to impose extra duties on European exports. Subsequent efforts were made to resolve the dispute, and in 2012, a negotiated agreement was reached. The European Union maintained its ban on importing hormone-treated beef but increased its quota for importing beef from Canada and the United States.
Overall, the case showcased the challenges of balancing trade restrictions based on public health concerns and the need to ensure that such measures are supported by scientific evidence and comply with international trade agreements.
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Artemis wants his employees to get better sleep so that they stay healthy and thus take fewer sick days. He should recommend that his employees:
Answers
Artemis must recommend healthy practices to its employees such as eating properly, sleeping at least 8 hours a day, doing at least 1 hour of daily physical activity and avoiding consuming alcoholic beverages.
How to lead a healthy lifestyle?A healthy lifestyle is a type of lifestyle that combines various actions that improve the health of individuals by improving various aspects of their life.
What recommendations would you give someone to improve their lifestyle?Some recommendations to improve lifestyle are related to a healthy lifestyle because this has a positive impact on it. Some recommendations are:
Eat balancedDo not consume alcoholic beveragesDo physical activity dailySleep at least 8 hours a dayAccording to the foregoing, Artemis must recommend these practices to its employees so that their health remains in optimal conditions and their performance at work is not affected.
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Which statement best describes the performance of the vanguard 500 index fund admiral shares compared to the benchmark of the s&p 500 index?
Answers
The performance of the Vanguard 500 Index Fund Admiral Shares closely tracked the benchmark S&P 500 Index.
How did the performance of the Vanguard 500 Index Fund Admiral Shares compare to the S&P 500 Index benchmark?The Vanguard 500 Index Fund Admiral Shares closely tracked the performance of the benchmark S&P 500 Index. This means that the fund's returns were similar to the overall market performance represented by the S&P 500 Index. As an index fund, its objective is to replicate the performance of the underlying index. Therefore, investors can expect the Vanguard 500 Index Fund Admiral Shares to deliver returns that mirror the ups and downs of the S&P 500 Index. This provides investors with broad exposure to the U.S. stock market and the opportunity to capture its long-term growth potential.
The Vanguard 500 Index Fund Admiral Shares closely mirrored the performance of the S&P 500 Index, indicating that its returns were in line with the overall market. Being an index fund, its primary goal is to replicate the performance of the underlying index, in this case, the S&P 500. Consequently, investors can anticipate that the Vanguard 500 Index Fund Admiral Shares will exhibit returns that closely reflect the fluctuations of the S&P 500 Index. This characteristic offers investors a means to gain broad exposure to the U.S. stock market and seize the potential for long-term growth.
By aligning with the S&P 500 Index, the Vanguard 500 Index Fund Admiral Shares allows investors to participate in the collective performance of the 500 large-cap companies in the U.S. market. As these companies experience growth or decline, the fund's returns follow suit. This approach eliminates the need for active stock selection and instead provides a passive investment strategy that mirrors the overall market. Consequently, the Vanguard 500 Index Fund Admiral Shares becomes a convenient and cost-effective way for investors to access the potential rewards of the U.S. stock market.
In summary, the Vanguard 500 Index Fund Admiral Shares demonstrates a strong correlation to the S&P 500 Index, providing investors with a reliable avenue to participate in the performance of the U.S. stock market as a whole. Its objective to replicate the benchmark index allows investors to capture the ups and downs of the market, delivering a broad exposure to the potential long-term growth.
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3 oz x 6 feedings = 18oz per day X 30 days =
Answers
Answer:
540
Explanation:
simple math
why is cooperative a value lead and value based organization?
I need the anwers right now.
Answers
Answer:
Co-operatives throughout the world share a set of values that give them their distinctive character.
Self-help
In co-operatives, people help each other whilst helping themselves by working together for mutual benefit.
Self-responsibility
Individuals within co-operatives act responsibly and play a full part in the organisation.
Democracy
A co-operative will be structured so that members have control over the organisation – one member, one vote.
Equality
Each member will have equal rights and benefits (according to their contribution).
Equity
Members will be treated justly and fairly.
Solidarity
Members will support each other and other co-operatives.
investment x offers to pay you $4,900 per year for 9 years, whereas investment y offers to pay you $6,500 per year for 5 years. a. if the discount rate is 5 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. if the discount rate is 23 percent, what is the present value of these cash flows? (do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Answers
In the following question, among the conditions given on investment, (a.) If the discount rate is 5 per cent, the present value of these cash flows is $42,894.23. (b.) If the discount rate is 23 per cent, the present value of these cash flows is $16,438.79.
What is the present value? Present value refers to the current value of an amount of cash in the future after a certain amount of time. It is commonly referred to as the "time value of money." It is also referred to as the amount of cash that would be required now to generate the same future amount of cash assuming a specific interest rate. Present value is important because it provides a method of evaluating cash flows that are expected to occur in the future. Investment X will pay $4,900 every year for 9 years while investment Y will pay $6,500 every year for 5 years.
If the discount rate is 5%, calculate the present value of these cash flows. Present Value of Investment X: For nine years, Investment X would pay $4,900 per year. Using a financial calculator or formula, we can find the present value of this annuity: PV = $4,900 x (1 - 1 / (1 + 0.05)⁹) / 0.05 PV = $4,900 x 6.62235 PV = $32,410.15
Present Value of Investment Y: For five years, Investment Y would pay $6,500 per year. Using a financial calculator or formula, we can find the present value of this annuity: PV = $6,500 x (1 - 1 / (1 + 0.05)⁵) / 0.05 PV = $6,500 x 4.32948 PV = $28,146.25If the discount rate is 23%, calculate the present value of these cash flows.
Present Value of Investment X: PV = $4,900 x (1 - 1 / (1 + 0.23)⁹) / 0.23 PV = $4,900 x 3.22154 PV = $15,772.52Present Value of Investment Y: PV = $6,500 x (1 - 1 / (1 + 0.23)⁵) / 0.23 PV = $6,500 x 1.68949 PV = $10,666.27Therefore, the present value of these cash flows for a 5% discount rate is $42,894.23, and for a 23% discount rate is $16,438.79.
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Pierce Company's break-even point is 29,000 units. Its product sells for $25 and has a $16 variable cost per unit. What is the company's total fixed cost amount
Answers
Pierce Company's break-even point is the point at which their total revenue is equal to their total costs. To calculate the fixed cost amount, we need to use the break-even analysis formula:
Break-even point = Fixed costs/ (Price – Variable costs)
Plugging in the given values, we get:
29,000 = Fixed costs/ ($25 – $16)
Fixed costs = $444,000
Therefore, Pierce Company's total fixed cost amount is $444,000.
Break-even analysis is used to calculate the number of units or revenue needed in order to cover all of a company's costs, which include both fixed costs and variable costs.
Fixed costs are costs that do not change with an increase or decrease in the number of units produced, such as rent and insurance. Variable costs are costs that vary with the number of units produced, such as raw materials. By calculating the break-even point, companies can determine the level of sales needed to cover their costs and make a profit.
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Assume the specific factors model with two goods, an agricultural good and a manufacturing good. a. Draw the PPE, highest possible indifference curve and price line before trade. Draw the manufactured good on the horizontal axis. b. Suppose trade causes the relative price manufacturing goods to fall and the relative price of agricultural goods to rise. Draw the new price line and optimal production point. c. What effect does trade have on the marginal product of 1abor in agriculture (increase, decrease or no effect)? Why?
Answers
The Production Possibility Frontier (PPF) represents the maximum combination of agricultural and manufacturing goods that can be produced with the available factors of production. Trade in this scenario is likely to have a decreasing effect on the marginal product of labor in agriculture.
a. In the specific factors model with two goods, agricultural and manufacturing goods, let's assume the manufacturing good is represented on the horizontal axis. Before the trade, the Production Possibility Frontier (PPF) represents the maximum combination of agricultural and manufacturing goods that can be produced with the available factors of production. The highest possible indifference curve represents the consumer's preferences for the two goods. The price line represents the relative price of the two goods, indicating the trade-off between them.
b. If trade causes the relative price of manufacturing goods to fall and the relative price of agricultural goods to rise, the new price line will have a steeper slope. The optimal production point will shift towards producing more agricultural goods and less manufacturing goods. This occurs because the decrease in the relative price of manufacturing goods makes agricultural production relatively more profitable, while the increase in the relative price of agricultural goods makes manufacturing production relatively less profitable.
c. Trade in this scenario is likely to have a decreasing effect on the marginal product of labor in agriculture. As production shifts towards agriculture due to the increase in the relative price of agricultural goods, the demand for labor in agriculture increases. However, due to the fixed factors of production specific to agriculture (such as land), the additional labor may not be fully productive, leading to diminishing marginal returns. Therefore, the marginal product of labor in agriculture decreases with the expansion of agricultural production in response to trade.
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What will happen to profits and domestic prices when a quota is used to protect a domestic monopolist from international competition
Answers
What happens to profits and domestic prices when a quota is used to protect a domestic monopolist from international competition is C. Profits will fall and domestic prices will fall.
What is an import quota?An import quota is a trade restriction, limiting the quantity of a good that can be imported into a country in a period.
It creates undue advantages for domestic producers and discourages international competitiveness.
Answer Options:a. Prices will rise and outputs will fall.
b. Prices will rise and outputs will rise.
c. Profits will fall and domestic prices will fall.
d. Prices will fall and outputs will fall
Thus, a quota is used to protect a domestic monopolist from international competition is C. Profits will fall and domestic prices will fall.
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Issues that affect the accuracy of a cost-benefits analysis
Answers
Several issues can affect the accuracy of a cost-benefit analysis, potentially leading to misleading or inaccurate results. Here are some key factors to consider:
Incomplete Data: The accuracy of a cost-benefit analysis heavily relies on the availability of accurate and comprehensive data. If relevant data is missing or incomplete, it can lead to biased or inaccurate estimations of costs and benefits, undermining the reliability of the analysis.
Subjectivity and Bias: Cost-benefit analysis involves making assumptions and judgments, which can introduce subjectivity and bias into the analysis. Different individuals or stakeholders may have different perspectives, priorities, and expectations, leading to varying assessments of costs and benefits.
Future Uncertainty: Forecasting future costs and benefits is inherently challenging due to uncertainties in market conditions, technological advancements, regulations, and other factors. It is difficult to accurately predict future outcomes, and even small errors or variations in assumptions can significantly impact the results of the analysis.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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The column headed by a check mark in a checkbook register is provided so you can make a note of your checks that have bounced.
T or F
Answers
Under the LIFO retail method, we determine that:__________.
a) a new layer of inventory has been added during the period if the ending inventory at retail is greater than the beginning inventory at cost.
b) the ending inventory at retail is greater than the beginning inventory at retail.
c) the ending inventory at retail is less than the beginning inventory at retail.
Answers
Answer: the ending inventory at retail is greater than the beginning inventory at retail
Explanation:
In the Last-In-First-Out(LIFO) method, it is assumed that the units that are sold are the ones that were recently bought.
Under the LIFO retail method, to determine a new layer at retail, the beginning inventory at the retail will have to be deducted from the ending inventory at retail.
This means that a new layer of inventory will be added when the ending inventory at retail is greater than the beginning inventory at retail.
A portfolio of equity securities that are traded on a national exchange is donated to a private, not-for-profit college as an endowment fund. How should the equity portfolio be valued in the college's year-end financial statements three years after the donation
Answers
Answer:
need help to
Explanation:
MARK MORE THAN ONE PLS!!!!!!!! HELP!!!!
Where can you look to find marketing materials from competitors to learn about their products? Mark all that apply.
A. TV Advertisements
B. Social Media
C. Sales flyer
D. The radio
Answers
If the price of the share grows as the company grows, how does buying shares in a company benefit an investor?.
Answers
Answer:
An investor will be able to sell these shares for a higher price and make a profit.
Explanation:
This is because the investor can sell the share for a higher price as people see the company is doing well.
Miguel has an idea for a new project management software application that can enhance the efficiency of his unit's operations. His supervisor has asked him to present his ideas to the entire unit. Miguel is excited about the opportunity, however, he is a little nervous because he has never presented in front of a big audience, such as his project unit. To mitigate his speech anxiety, Miguel should:
Answers
In order for Miguel to be able to overcome his anxiety and effectively present his ideas to a large audience, he needs to develop his communication skills.
Assertive communication is a good strategy for Miguel to communicate in a safe, honest and direct way.
Other tips for him to give a good presentation might be:
Write a script to help you with the speech.Use visual media to enrich your presentation.Know your audience and develop your speech according to their profile.Therefore, the way for Miguel to do well in his speech is to prepare in advance, the more sure he is of the subject to be talked about, the easier the presentation will become.
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Carrie made an initial investment of $50,000.the final value of her investment was $55,500.what was the roi?
Answers
Answer:
sorry i am not good with this subject i want to help but i cant sorry
Explanation:
The production era marked a time when companies were able to increase their profits because they were able to decrease their production costs.
True
False
Answers
Answer:
true
Explanation:
it was the time of the production line making it easy to make expensive things with people that are lower skilled and cheaper overall
Answer:
True
Explanation:
have a good day
The selling price per unit less the variable cost per unit is the ________.
a. gross margin
b. fixed cost per unit
c. contribution margin per unit
d. margin of safety
Answers
The selling price per unit less the variable cost per unit is the contribution margin per unit.
What is the contribution margin per unit.?This is the term that is used to refer to the selling price that was used for the sale of a particular good minus the variable cost that was employed in the production of that particular good. It is the contribution that is made towards the payment of the fixed costs.
Hence we can say that The selling price per unit less the variable cost per unit is the contribution margin per unit.
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A major cause of the 2008 economic collapse was Group of answer choices the Contract with America. Bush's expansion of affirmative action programs. the war in Iraq. the collapse of the housing market.
Answers
Answer:
the collapse of the housing market.
Explanation:
The cause of the 2008 financial crisis was the deregulation of the financial sector which allowed banks to invest in real estate.
The resulting bubble in real estate prices led to the 2008 financial crisis.
why is maximum number of person in partnership business mentioned in companies act and not in partnership act
Answers
The Companies Act and the Partnership Act are two different laws that govern different types of businesses.
The companies act and partnership act-The Companies Act governs companies, which are separate legal entities from their owners, while the Partnership Act governs partnerships, which are not separate legal entities from their owners.
The maximum number of persons in a partnership business is not mentioned in the Partnership Act because there is no limit to the number of partners a partnership can have. However, the Companies Act limits the number of members in certain types of companies, such as private companies, to a maximum of 200 members. This is because companies are separate legal entities and the law seeks to regulate their operations to ensure that they operate in a manner that is fair and transparent to all members.
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highlight characteristics of itinerant traders
Answers
gdp provides a good indication of the size of the economy because group of answer choices it gives increased weight to consumer goods. it measures all new goods and all used goods. is an estimate of individual income. it is a monetary measure of total production.
Answers
The GDP provides a good indication of the size of the economy because it is a monetary measure of total production.
What is GDP?Gross domestic product is a monetary measure of the market value of final goods and services produced and sold in all countries during a certain period. Due to its complexity and subjectivity, this metric is often revised before being considered a reliable indicator.
To calculate GDP = private consumption private investment public investment public sector expenditure (export - import). GDP is usually calculated by the country's statistical office according to international standards.
The four components of gross domestic product are
personal consumptionbusiness investmentgovernment spending net exports.To learn more about GDP, refer;
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the sequence of work for a job is also known as its
Answers
Answer:
Routing
Explanation:
Networking capital is calculated by taking the difference between: A) inventory and accounts payable. ory and accounts payable. B) current assets and current liabilities. C) cash and accounts payable. D) total assets and total liabilities.
Answers
Networking capital is calculated by taking the difference between current assets and current liabilities.
Networking capital is a financial metric that measures a company's ability to meet its short-term financial obligations. It provides insight into a company's liquidity and its ability to fund day-to-day operations. The calculation of networking capital involves subtracting current liabilities from current assets.
Current assets are resources that are expected to be converted into cash within one year, including cash, accounts receivable, inventory, and other short-term assets. These assets represent the company's ability to generate cash flow in the near term.
On the other hand, current liabilities are obligations that are due within one year, such as accounts payable, short-term loans, and other outstanding debts. These liabilities represent the company's short-term obligations to creditors and suppliers.
By subtracting current liabilities from current assets, the networking capital calculation provides a measure of the company's available resources to cover its short-term liabilities. A positive networking capital indicates that the company has more current assets than current liabilities, suggesting a healthier financial position and greater liquidity. Conversely, a negative networking capital implies that the company may face difficulty in meeting its short-term obligations.
In summary, networking capital is calculated by taking the difference between current assets and current liabilities. This calculation helps assess a company's short-term financial health and its ability to meet its obligations.
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list three implications of competitiveness and collaboration for this global company as portrayed in the scenario, providing supporting details in the notes.
Answers
Competitive and collaboration implications mainly involve:
involving or determined by rivalryagainst commercial rivals, the quality of the product should be high and the price must be low.having to do with or being marked by a competitive urge.The increase in corporate cooperation significantly affects competition. Contrary to popular belief, teamwork may foster rivalry. Most businesses collaborate for offensive goals rather than defensive ones. Instead of monopolizing markets and driving up prices, they want to experiment and learn. Working together with a rival can give you access to data, analytics, trends, and fresh resources that are advantageous to both parties. Together, we can find new sales prospects, encourage cross-selling, and plan marketing campaigns.
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