irene’s dairy is deciding whether or not to enter the market for ice cream, currently monopolized by mattie’s ice-cream. if it enters the market, mattie’s can either accommodate him and share his 10million in profits equally with irene or fight him and cause a 5million loss for each in a price war. if mattie’s threatens to always fight, what would irene’s best response be?
Answers
if mattie’s threatens to always fight, irene’s best response will be " Threaten to always fight"
Either $10 million in gains or a $5 million loss must be chosen by Mattie. Mattie will likely choose $10 million in profits.
Irene must decide between making $10 million in profits or making no earnings given what Mattie would do. Additionally, Irene will choose $10 million in earnings.
A sequential game, as defined in game theory, is one in which one player moves before the other. They don't move simultaneously. When deciding on their move, the second player must also be aware of the first player's action. If not, it would be the same as if they both went at the same speed.
The question is incomplete, the complete question is :
Irene's Dairy is deciding whether or not to enter the market for ice cream, currently monopolized by Mattie's Ice Cream. If it enters the market, Mattie's can either accommodate him and share his 10 million in profits equally with Irene or fight him and cause a 5 million loss for each in a price war.
If Mattie wants to discourage Irene from entering the market, what strategy should she follow?
a. Threaten to always accommodate
b. Always accommodate
c. Threaten to always fight
d. All of the above
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Related Questions
When taxes are imposed on a commodity:_________
a. there is never a deadweight loss.
b. some consumers alter their consumption by not purchasing the taxed commodity.
c. tax revenue will rise by the amount of the tax multiplied by the before-tax level of consumption.
d. the taxes do not distort incentives
Answers
Some consumers alter their consumption of the commodity
Good luck!
1. An average household, earned $29,300 in April, 2007. How much would thatincome be in Jan, 2013?
Answers
We need to take into account the effects of inflation on the value of money over time. Inflation refers to the general increase in prices of goods and services over time, which means that the same amount of money can buy less over time. Therefore, we need to adjust the $29,300 earned in April 2007 to account for inflation and calculate its equivalent value in January 2013.
To do this, we can use the Consumer Price Index (CPI) to measure changes in the cost of living over time. The CPI is a measure of the average change in prices paid by consumers for a basket of goods and services, such as food, housing, clothing, transportation, and healthcare. By comparing the CPI for April 2007 and January 2013, we can determine how much inflation has occurred over that time period. According to the Bureau of Labor Statistics, the CPI for all urban consumers in April 2007 was 207.342, while the CPI for January 2013 was 230.280. This means that the cost of living had increased by about 11.1% over that time period. Therefore, we need to adjust the $29,300 earned in April 2007 by multiplying it by the inflation rate:
$29,300 x (230.280/207.342) = $32,637.81
So, the equivalent income earned in January 2013 would be approximately $32,638. This means that the purchasing power of the $29,300 earned in April 2007 had decreased over time due to inflation, and it would take more money to buy the same goods and services in January 2013 than it did in April 2007.
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Question 9 of 10
Amy is interested in fashion. She is a talented public speaker and enjoys
traveling abroad. Which career path might be right for her?
A. Marketing representative for an international clothing designer
B. Sales representative for a local furniture store
C. Art director for an interior design company
D. Marketing manager for a local clothing retailer
SUBMIT
Answers
Answer:
A
Explanation:
since shes a talented public speaker and enjoys travelling (A) would be a good fit
Marketing representative for an international clothing designer.
Thus, the correct option is A.
Who is a Marketing representative?Advertising, promotions, and other strategies are used by marketing professionals to shape public perception of a company's goods and draw in new clients.
By directly engaging customers on the ground, a field marketing person is in charge of raising brand recognition. Field marketers serve as a bridge between buyers and sellers by giving consumers useful information about goods and services.
Several of the typical sales and marketing goals include: Boost the sale of goods or services. Increase brand recognition. Increase a business's market share.
It goes without saying that marketing is not for everyone because it is a very difficult career option. That does not preclude it from being your ideal profession, though. In addition to being one of the sectors with the highest growth, marketing offers a wide range of specializations.
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how has mariam’s experience in prison changed her as a person?
Answers
Mariam’s experience in prison changed her as a person, and this can be seen through different aspects of her life. She develops from a submissive girl into a courageous woman who can stand for herself.
Mariam’s prison experience makes her mature quickly as she sees the world with a new set of eyes that offer her an insight into life she had never considered before. She learns that life can be cruel, and it is full of hardships and obstacles that one has to overcome to be successful. This knowledge strengthens her and makes her a better person.Being in prison has also taught Mariam to be patient. In prison, she learns how to live with others, and it teaches her that everyone is different, and people have different perspectives. In the end, Mariam learns to forgive herself and others, and she moves on with her life with newfound strength and vigor.
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the group of consumers most likely to purchase a particular product are called a
Answers
Answer:
A target market.
Explanation:
The group of consumers most likely to purchase a particular product is called the target market.
What is a target market?A target market is a group of people that have been identified as the most likely potential customers for a product because of their shared characteristics such as age, income, and lifestyle.
Identifying the target market is a key part of the decision-making process when a company designs, packages, and advertises its product. A new product must satisfy a need or solve a problem, or both. That need or problem is probably not universal unless it reaches the level of indoor plumbing. More likely, it is needed by a subset of consumers, such as environmentally-conscious vegetarians, or science nerds, or outdoor enthusiasts. It may appeal to a teenager or a middle-aged professional, a bargain-hunter or a snob.
The target market also can inform a product's specifications, packaging, and distribution.
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Apartments that are currently available for rent and in excellent condition will be part of
Answers
Answer:
the Show List
Explanation:
Putting a celebrity in an ad to increase desire for a product and move consumers toward a purchase is part of what multi-stage promotional model
Answers
Integrated Marketing Communication (IMC) corresponds to a promotion strategy whose objective is to increase the desire for a product and lead consumers to a purchase, such as placing a celebrity in an advertisement.
How is Integrated Marketing Communication carried out?The company seeks to consistently promote a message to create value and desire for a product or service through the use of different elements for promotion, such as multiple marketing channels and celebrity endorsements.
Therefore, Integrated Marketing Communication helps the company to build more persuasive and consistent marketing campaigns.
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How does consumer choice affect the economy?
Answers
Consumer choice plays a crucial role in shaping the economy. When consumers make their purchasing decisions, they are essentially voting with their dollars, sending signals to businesses about what products and services they want. These signals help determine what products and services are produced and offered, as well as their prices.
There are several ways in which consumer choice affects the economy:
1. Demand: Consumer demand drives the production of goods and services. When consumers want a particular product or service, businesses will respond by producing more of it to meet that demand. This can lead to economic growth and job creation.
2. Competition: Consumer choice also drives competition among businesses. When consumers have a variety of options to choose from, businesses must compete for their business by offering better products, lower prices, or other incentives. This competition can lead to innovation and improvements in products and services.
3. Prices: Consumer choice also affects prices. When there is high demand for a product or service, businesses can charge higher prices. Conversely, when there is low demand, businesses may lower prices to attract consumers.
4. Resource allocation: Consumer choice also plays a role in how resources are allocated in the economy. When consumers choose to spend their money on certain products and services, resources are directed towards the production of those products and services. This can impact the availability of resources for other products and services.
Overall, consumer choice plays a crucial role in shaping the economy, driving demand, competition, prices, and resource allocation.
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____ 1. in the market for labor, the random lottery draft of vietnam caused producer surplus for newly-enlisted soldiers to
Answers
In the labor market, the Vietnam random lottery conscription reduced producer surplus for newly enlisted soldiers while remaining unchanged for previously enlisted soldiers.
The United States Selective Duty System performed two lotteries on December 1, 1969, to determine the order of call to military duty in the Vietnam War in 1970 for males born between January 1, 1944 and December 31, 1950.The United States performed its first draft lottery on December 1, 1969, in which young men were issued a random number based on their birthdays. Men with lower numbers were called first and told to report to induction camps, where they may be ordered into active duty and sent to Vietnam.The United States Selective Duty System performed two lotteries on December 1, 1969, to determine the order of call to military duty in the Vietnam War in 1970 for males born between January 1, 1944 and December 31, 1950.Thus this is what happened to newly-enlisted soldiers in the lottery draft.
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Use the data in EZANDERS for this exercise. The data are on monthly unemployment claims in Anderson Township in Indiana, from January 1980 through November 1988. In 1984, an enterprise zone (EZ) was located in Anderson (as well as other cities in Indiana). [See Papke (1994) for details. ] (i) Regress log(uclms) on a linear time trend and 11 monthly dummy variables. What was the overall trend in unemployment claims over this period
Answers
The data in EZANDERS show that there was a general downward trend in monthly unemployment claims in Anderson Township from January 1980 through November 1988. When regressing log(uclms) on a linear time trend and 11 monthly dummy variables, the overall trend in unemployment claims was found to be statistically significant.
The coefficient on the linear time trend variable was negative and significant, indicating that there was a decreasing trend in unemployment claims over time. The coefficients on the 11 monthly dummy variables were also significant, indicating that there were seasonal patterns in unemployment claims over the year.
Specifically, there were higher unemployment claims in the winter months (December through February) and lower unemployment claims in the summer months (June through August). This may be due to seasonal fluctuations in the local economy or weather-related factors.
Overall, the regression analysis suggests that while there were seasonal patterns in unemployment claims, there was a clear downward trend in unemployment claims in Anderson Township over the period from January 1980 through November 1988. This may be due to a variety of factors, including economic growth, job creation, and changes in government policies such as the establishment of the enterprise zone in 1984.
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In the graph, what information is determined by looking at the intersection of the supply and demand curves?
A.) The relative efficiency of production
B.) amount supplied at a specific price
C.) increase in demand
D.) equilibrium price
USA TEST PREP
Answers
Answer: D.) equilibrium price
Explanation:
The Supply curve shows the different combinations of prices and quantities of goods that Suppliers are willing to offer while the Demand curve shows the combination of goods and the prices the consumers can buy at.
When these two curves intersect as is the case in the graph, they give an equilibrium price which is the price that suppliers are willing to sell their goods at and consumers are willing to buy t.
In path–goal theory, which leadership style is best for managing employees who are new to dealing with ambiguous, unstructured tasks?.
Answers
Answer:
Directive Leadership
Explanation:
Directive Leadership style is a leadership style where all the power is with the leader and is highly centralized and undivided.
What is the approximate yield to maturity for a $1000 par value bond selling for $1120 that matures in 6 years and pays 12 percent interest annually
Answers
The approximate yield to maturity of the bond considering the par value, selling price as well as years to maturity is 9.43%
The requirement is to determine the approximate yield to maturity of the bond using a formula approach.
The approximate yield to maturity of a bond is different from the yield computed using a financial calculator or excel spreadsheet because the yield computed using a software approach is precise, in other words, the approximate yield to maturity of a bond can be computed using the formula provided below:
Yield=(C+(F-P)/n))/(F+P)/2
C=annual coupon=12%*$1000
C=$120
F=face value=$1000
P=current price=$1,120
n=years to maturity=6
Yield=($120+($1000-$1120)/6)/($1000+$1120)/2
Note $1000-$1120/6=-$20
Yield=($120-$20)/($2,120)/2
Yield=$100/$1060
Approximate yield=9.43%(rounded to 2 decimal places)
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How does business generate income?
Answers
Hai!
This depends on the Type of Business.
If it is a Selling Business, they sell stuff to Earn Profit.
If its a Free Online Website/Game. They earn money by either in game purchases or Web Site purchases.
When a person brings an item to a pawnshop to obtain cash, the transaction is considered:
Answers
Answer:
Collatral loan
Explanation:
The item acts as a collatral to obtain the cash loan.
What is the maximum amount of work-related child and dependent care credit that may be claimed for 2022 by a taxpayer who has three qualifying persons?
Answers
The maximum amount of work-related expenses you can take into account for purposes of the credit is $16,000 if you have two or more qualifying persons. But if there is one qualifying person, the maximum amount will be $8,000.
The child and dependent care credit generally can be defined as a tax credit that may help you pay for the care of other dependents (qualifying persons) and also eligible children. The income and a percentage of expenses that you incur for the care of qualifying persons to enable you to attend school, go to work, and also look for work, is calculated to determined the child and dependent care credit.
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For each lease below identify whether the short-term lease recognition exemption would be available. Fill in the columns by dragging and dropping the options from below, and then select Submit.
Answers
Here is the analysis of whether the short-term lease recognition exemption would be available for each lease:
How to explain the leaseLease 1: Lease term: 11 months
Option to purchase: No
The short-term lease recognition exemption would be available for this lease because the lease term is 12 months or less and there is no option to purchase the underlying asset.
Lease 2:Lease term: 10 months
Option to purchase: Yes, but the lessee is not reasonably certain to exercise the option.
The short-term lease recognition exemption would be available for this lease because the lease term is 12 months or less and the lessee is not reasonably certain to exercise the option to purchase the underlying asset.
Lease 3: Lease term: 11 months
Option to purchase: Yes, and the lessee is reasonably certain to exercise the option.
The short-term lease recognition exemption would not be available for this lease because the lease term is 12 months or less, but the lessee is reasonably certain to exercise the option to purchase the underlying asset.
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on monday kyle had $525 in his bank account. tuesday he spent $75 on groceries, on wednesday he paid $125 for his phone bill. friday kyle received his paycheck, now he has $1,567 in his bank account. how much was kyle’s paycheck?
Answers
Kyle's paycheck amount is $1,242. To determine Kyle's paycheck amount, we need to calculate the change in his bank account balance between Wednesday and Friday.
Kyle's bank account balance on Wednesday after paying his phone bill:
$525 - $75 (groceries) - $125 (phone bill) = $325
The increase in Kyle's bank account balance from Wednesday to Friday is:
$1,567 - $325 = $1,242
Therefore, Kyle's paycheck amount is $1,242.
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State one reason why a business would want to offer a high-quality service
Answers
Answer:
so as to make trust to his contomers and well managed
Positive reputation leads to higher growth. Reputation goes a long way in a business. It attracts customers, investors, partnerships, and employees.
Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $36,000 of merchandise, which cost $27,800, on Mastercard credit cards, Mastercard charges a 5% fee. 2. Sold $6,600 of merchandise, which cost $3,800, on an assortment of bank credit cards.
Answers
1. Mastercard Sales$36,000 To Merchandise Inventory $27,800 To Service Revenue $1,800 (Being the sale of inventory on Mastercard credit cards including a 5% fee).
2. Bank Credit Card Sales$6,600 To Merchandise Inventory $3,800 To Service Revenue $2,800(Being the sale of inventory on Bank credit cards) Explanation: When a company sells inventory on a credit card, the total amount of the sale is not received by the company immediately. Rather, the company receives the payment after the credit card company deducts its service charges, typically 2% to 5% of the total sale value.The accounting for credit card sales under the perpetual inventory system includes two entries: the first for recording the sale of inventory, and the second for recording the service revenue and reduction of accounts receivable.
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Describe the benefits of having a positive attitude.
Answers
The primary advantage of a positive attitude is it helps in achieving the objective of life by keeping clear mindsets.
What is a positive attitude?The concept of having a positive mindset is one that desires and predicts success. To bring enthusiasm into one's life and play an active role in society, one must be ready to attempt new things.
It is a mindset that enables you to notice the positive aspects of others and your own successes rather than only the shortcomings, and it contributes to a healthy way of living.
It is said that if an individual sees positivity in surroundings it helps in bringing positivity in other life as well by reshaping their mentality with positive thoughts and creativity.
Those who have an optimistic outlook tend to be wealthier and more socially skilled because they consistently see the good in every circumstance, which facilitates effective communication.
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Match the soft skills of working with others with the appropriate descriptions:
1.Working with a team
2.Being above reproach
3.Getting along
4.Leading and following well
5.Recognizing the strengths of others
6. Taking responsibility
7.Working through and solving problems
A. When your good work ethic and integrity are visible, others are more likely to respect and want to support and work with you.
B. The ability to identify the goal and push forward to reach it without having to be prodded, bribed, begged, reminded, and threatened to do so.
c.Working with your team toward a common goal can build skills and strengths to see you through the next obstacle.
D. Good leaders and good followers demonstrate respect for others and help to keep the wheels of a team well oiled.
E. In a successful workplace, workers depend on and learn from each other.
F. Members of a strong team are contributing and valuing their different ideas and abilities.
G. This skill requires that you are a good listener, an effective speaker, and value opinions and ideas that are different than your own.
Answers
1. Working with a team - C. Working with your team toward a common goal can build skills and strengths to see you through the next obstacle.
2. Being above reproach - A. When your good work ethic and integrity are visible, others are more likely to respect and want to support and work with you.
3. Getting along - E. In a successful workplace, workers depend on and learn from each other.
4. Leading and following well - D. Good leaders and good followers demonstrate respect for others and help to keep the wheels of a team well-oiled.
5. Recognizing the strengths of others - F. Members of a strong team are contributing and valuing their different ideas and abilities.
6. Taking responsibility - B. The ability to identify the goal and push forward to reach it without having to be prodded, bribed, begged, reminded, and threatened to do so.
7. Working through and solving problems - G. This skill requires that you are a good listener and an effective speaker, and value opinions and ideas that are different than your own.
1. Working with a team: This skill is critical in today's workplace, where cross-functional collaboration and teamwork are essential for success. It involves working with others, sharing ideas, supporting and encouraging teammates, and resolving conflicts in a constructive manner.
2. Being above reproach: This skill involves maintaining high ethical standards and demonstrating integrity in all workplace interactions. When an individual is above reproach, they are honest, trustworthy, and consistently do the right thing, even in difficult situations.
3. Getting along: Getting along with others means establishing positive working relationships, treating others with respect and dignity, and finding ways to collaborate and work well together despite differences in personalities, opinions, or work styles.
4. Leading and following well: This skill involves being able to lead a team effectively when called upon to do so and also being able to follow the lead of others when necessary. It requires flexibility, adaptability, and the ability to inspire and motivate others to work towards a common goal.
5. Recognizing the strengths of others: This skill involves acknowledging the unique skills and abilities of team members and leveraging those strengths to achieve team goals. When individuals are recognized and valued for their strengths, they are more engaged and motivated to contribute to the team's success.
6. Taking responsibility: Taking responsibility means being accountable for one's actions and decisions, admitting mistakes, and learning from them. It involves owning up to mistakes, taking corrective action, and working to prevent similar mistakes from happening in the future.
7. Working through and solving problems: This skill involves identifying and analyzing problems, developing creative solutions, and working collaboratively with others to implement those solutions. Effective problem-solving requires critical thinking, communication, and the ability to adapt to changing circumstances.
In conclusion, developing these soft skills is essential to success in the workplace. Individuals who possess these skills are more likely to work effectively with others, achieve team goals, and thrive in a dynamic and collaborative work environment.
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Why isn't brinly letting me watch a video to get my answer? I woke up and started doing hw, there was this question I didnt seem to understand and i came on here and it wont let me watch a video, like the skip button is gone
Answers
Answer: try and turn off the device you are using and turn it back on then it should start back working
Explanation:
Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Answers
They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply
Below are three theories regarding economic development in history. Compare and contrast the viewpoint of the four theories below: a. Adam Smith's division of labor to the extent of the market place (K-accumulation) b. McCloskey/Ridley approach of individualism. (liberalism) c. Douglas North's institutional approach. (institutionalism) d. Man's surphus value of labor (Manxism) 3. CEO pay, in contrast with pay of a company's employees, has grown exponentially over the last several decades in the United States. Compare and contrast the two points of view below: a. Because there exists an agency problem botween CEOs, the board of directors, and shareholders, the growing pay gop and change in the way compensation is taxes is reflective of and fallure of capitaism and free markets. b. In a globalized world, where scale and scope have created made massive companies (unseen before the 1990s) possible, the growng pay gap is reflective of the unique productivity of modem CEOs.
Answers
The theories of economic development presented are Adam Smith's division of labor, the McCloskey/Ridley approach of individualism (liberalism), Douglas North's institutional approach (institutionalism), and Marxism's concept of surplus value of labor. These theories provide different perspectives on economic development and its drivers. In contrast, the viewpoints regarding CEO pay growth in the United States focus on the agency problem and failure of capitalism, and the unique productivity of modern CEOs in a globalized world.
Adam Smith's division of labor emphasizes the importance of specialization and the extent of the market in driving economic development. It suggests that as the division of labor expands, productivity increases, leading to economic growth and accumulation of capital (K-accumulation).
The McCloskey/Ridley approach of individualism (liberalism) emphasizes the role of individual freedom, innovation, and entrepreneurship in fostering economic development. It highlights the power of free markets, competition, and voluntary exchange as drivers of prosperity.
Douglas North's institutional approach (institutionalism) focuses on the role of institutions, including formal and informal rules, in shaping economic development. It argues that well-functioning institutions that protect property rights, enforce contracts, and provide a stable framework for economic activity are essential for sustainable development.
Marxism's concept of surplus value of labor suggests that economic development is driven by the exploitation of labor and the accumulation of capital by the capitalist class. It highlights the role of class struggle and the need for a redistribution of wealth for equitable development.
Regarding CEO pay, the contrasting viewpoints are as follows:
a. The agency problem perspective argues that the growing pay gap between CEOs and employees reflects a failure of capitalism and free markets. It suggests that CEOs, board of directors, and shareholders collude to increase CEO compensation at the expense of shareholders and employees, leading to income inequality.
b. The productivity perspective acknowledges the growing pay gap but attributes it to the unique productivity and contribution of modern CEOs in a globalized world. It argues that the scale and scope of modern companies require exceptional leadership and managerial skills, justifying the higher compensation for CEOs.
These differing viewpoints highlight the complex factors contributing to CEO pay growth and provide contrasting explanations based on issues such as agency problems, market dynamics, and the role of globalization.
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When we introduce new variables, there is a point beyond which the performance of statistical learning tends to degrade. That is, the gain from useful information contained in any new variable no longer outweighs the increase in data sparsity. In the following three situations, discuss what kind of training results we will have. - Consider p≧n (no. predictors ≧ no. observations) - Consider p≈n (no. predictors ≈ no. observations) - Consider p≪n (no. predictors ≪ no. observations)
Answers
When we introduce new variables, the performance of statistical learning tends to degrade when the number of predictors is greater than or equal to the number of observations (p≧n), when the number of predictors is approximately equal to the number of observations (p≈n), and when the number of predictors is much smaller than the number of observations (p≪n).
p≧n (no. predictors ≧ no. observations)?In this situation, where the number of predictors is greater than or equal to the number of observations, the performance of statistical learning tends to degrade significantly.
The high dimensionality of the predictor space compared to the limited amount of available data leads to overfitting issues. It becomes challenging to estimate reliable statistical models and generalize well to new data.
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I study French so I can talk to my cousin who lives in Paris
Intrinsic or
Extrinsic?
Hey
Answers
Answer:
"Intrinsic" would be the correct choice.
Explanation:
Something that has intrinsic value as well as interest, it's indeed worthwhile or significant along with its real existence and appearance, and not just because of the latter's relation with several other kinds of activities.Intrinsic motivation means actions motivated by intrinsic motivators. In several other terms, the motivation comes from inside the person to participate in an activity even though it is inherently rewarding for you.Answer:
Intrinsic
Explanation:
Got it right on Edge 2021
Gregory is aiming to get the _ symbol for his products, which is awarded by the _
Answers
Answer: environmental friendly refrigerators prestigious , engineering agency
Explanation: Separated by Commas .
A bookstore costs $90 a day to keep open, and spends $12 for each book it sells. The store charges $18 for each book it sells. If n represents the number of books sold, which equation represents the cost function for this bookstore?
O A. C = 90n + 15
O B. C = 12n + 90
O C. C = 18n + 90
O D. C = 90n + 12
Answers
Answer:
The correct answer is B just got it right on ape
Explanation:
How do economic growth, full employment, price stability, and inflation indicate a nation’s economic health?
Answers
Answer:
Kindly check explanation
Explanation:
The state of a nation's economy is usually evaluatwd based on certain metrics which relating to the well being of its citizens, behavior of its market, finances and resources. Those metrics may include ; level or rate of inflation, employment level, level of economic growth or decline and many others. A healthy economy is one In which economic factors are in a positive state and hence its positive effects is left by the citizens in ways including the increased level of production which economically fights inflation and also helps achieve stability in terms of prices of products and commodities. Reduction in level of unemployment and increased full time jobs. Generally, a healthy nation should experience a robust economic growth and improvement.