steve and terri are two woodworkers who both make tables and chairs. in one month, steve can make 3 tables or 18 chairs, whereas terri can make 8 tables or 24 chairs. given this, what is the opportunity cost of 1 chair for each woodworker?

The Economists conceptualize human capital as the knowledge, skills, education, experience, and abilities possessed by individuals that contribute to their productivity and earning potential.

It is viewed as an intangible asset that individuals accumulate through investments in education, training, and health.

Human capital is considered crucial because it enhances individuals' ability to contribute to economic growth and development.

Empirically, differences in human capital across individuals and groups are important as they explain disparities in productivity, wages, and economic outcomes.

Individuals with higher levels of human capital tend to have higher incomes, better job prospects, and greater economic mobility. These differences also contribute to inequality within societies.

Theoretically, human capital is essential in understanding economic behavior and decision-making. It helps explain why individuals invest in education, training, and skills development, and how these investments affect their lifetime earnings and economic opportunities.

Human capital theory provides insights into labor market dynamics, the role of education and training policies, and the interplay between individuals, firms, and the overall economy.

Overall, understanding and analyzing differences in human capital are crucial for policymakers, economists, and society as a whole to address inequality, design effective education and training programs, and promote sustainable economic growth.

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Answer:

a. Produce 3 units of output in the short run and exit in the long run

Explanation:

According to the question, the data provided is as follows

The market price is $4

Based on the above information, since the price on the market is 4

So we can conclude that the firm could produced the 3 units of output and after that it would be exit in the long run

Therefore the correct option is a

And all the other options are wrong

The appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

Because a fixed cost is constant, this is not shown on the graph, however, the movement of the variable cost impacts directly on the total cost as well but it will be higher.

Hence, the appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

Therefore, the Option C is correct.

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Answer:

Answer:

False

Explanation:

After graduating from a college or university you belong to their Alumni therefore, their career services or commonly known as placement or career center always support you through the journey until you land your job for no fee.

Answer:no they don’t

Explanation:

they will become dormant after 24 months

Answer:

Explanation: Protective tariffs, import quotas, trade embargoes, and voluntarily restrained exports are the four primary categories. The protective tariff, which is a levy on imported goods, is the most prevalent kind of trade barrier. Tariffs are used by nations to increase income and shield home sectors against international imports that are more affordable.

The correct answer to the question is: The stove maker turns the components into the stove. This is an example of the value provided by the supply chain in the production of kitchen stoves.

The correct answer to the question is: The stove maker turns the components into the stove. This is an example of the value provided by the supply chain in the production of kitchen stoves. The electrical components that are made by an electrical company are used by the stove maker to create the final product. This illustrates the importance of a well-coordinated supply chain in the manufacturing process. The efficient flow of components and materials is essential to producing high-quality products in a timely manner. Without the proper electrical components, the stove maker would not be able to produce a functioning stove. Therefore, it is crucial for all parties involved in the supply chain to work together seamlessly to ensure the final product meets the required standards. This is especially true in the electrical components industry, where precision and safety are of utmost importance.

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If Tonto changes to a fiscal year ending May 31, it must file a short-period return for the seven-month period from June 1 to December 31 of the year of change. The correct statement is b.

According to the IRS, a business can change its tax year if it has a valid business reason and obtains approval from the IRS. However, if the new fiscal year is different from the calendar year, the business must file a short-period return for the year of change. In this case, Tonto Inc. wants to change its tax year from a calendar year to a fiscal year ending May 31. Since May 31 falls outside the calendar year, Tonto must file a short-period return for the year of change. The short-period return covers the seven-month period from June 1 to December 31 of the year of change. Therefore, statement b. is the correct answer.
In summary, Tonto Inc. must file a short-period return for the seven-month period from June 1 to December 31 of the year of change if it decides to change its tax year from a calendar year to a fiscal year ending May 31, even if it has a good business reason for the change.

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Answer:

Buying an expensive piece of machinery

Explanation:

Answer:

to earn a dividend

to earn capital gains

Explanation:

Stocks represent ownership in a corporation. Shareholders are entitled to share in the profits of the business. The portion of profits that shareholders get for contributing capital is the dividend.

Investing in stocks makes one a shareholder and gives them the right to dividends. Investors always select the stocks of companies likely to declare high dividends. Dividends is an important reason why investors opt for shares or stocks.

Stocks of corporations that are performing well financially are likely to increase in price. Investors buy stocks when prices are low and selling them when prices appreciate. That way, they can profit through capital gain.

Dividends and capital gains are the rewards that investors gain from stocks. Interest is earned on deposits and loans.

Answer: Amelia is wrong because she is a partaker in the crime.

Explanation:

When gang members rob a shop, not all do the robbing at the same time, some drive the robbers, some stay on guard to watch the situation, and they are those that rob, but when they are caught, the law prosecutor goes for all of them involved because they acted as a team to carry out such act. It is same with this scenario, anyone who is fully aware and supported any criminal acts is considered a violator of the law. All people who participated in a criminal act is guilty of the crime.

However, it will only be punishable if there are witnesses and evidence to show that they partook in the event.

Answer:

Explanation:

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Answer:

yellow pages

Explanation:

Answer:

It's "Yellow Pages"

Explanation:

I got it right!!

Answer:

Just give

PhysicsGirl brainiest

Answer:

A decision-making grid is an example of cost-benefit analysis because it helps to weigh the costs and benefits of a particular decision. The grid outlines the various options available and provides a visual representation of the pros and cons of each option. The cost-benefit analysis helps to determine which option is the most beneficial and cost-effective.

Explanation:

The total number of ways the three new directors can be appointed is nCr = n!/r!(n - r)!  = 17C3= 680.

Given that a company is creating three new divisions and 17 managers are eligible to be appointed head of a division. We need to determine the number of different ways that the three new heads be appointed.

The number of ways of choosing r things from n different things, without regard to order, is given by the formula:

nCr = n!/r!(n - r)!

Where n = 17 and

r = 3

There are 17 ways to choose the first division head, 16 ways left to choose the second division head, and 15 ways left to choose the third division head.

However, since order doesn't matter, we need to divide by the number of ways to order the three division heads, which is 3! (or 6).

Answer: 680.

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The required equation is y = 3x which represents the total number of pieces Krysta would learn, where x months of piano lessons.

A linear equation is defined as an equation in which the highest power of the variable is always one.

Krysta wants to learn to play the piano. She inquired with an instructor about the number of new pieces she could anticipate studying each month. The teacher estimated three.

Let y represent the total number of pieces Krysta would learn,

And x represent depends on the number of months of piano lessons,

According to the given situation, we can write the equation would be as:

⇒ y = 3x

Therefore, the required equation is y = 3x which represents the total number of pieces Krysta would learn.

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Answer:

i thinks it is a,c,d,e

Explanation:

i dont think science and computer drafting have anything to do with engineering and architecture.

Introduction:

Civil engineering is an occupation which is concerned with building, designing and maintenance of physical architecture.

Explanation:

If a students wishes to pursue his career in civil engineering he must have certain skill set which are required to be proficient in his choice of occupation.

Conclusion:

The skills which will align with the career of civil engineering are :

Proficient in math, science and computer drafting.

Likes to work with her hands, mechanically inclined.

Good communicator , patient and persistent.

Can negotiate, defend and debate ideas and topics.

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Answer:

There are four psychological factors that influence consumer behaviour: Motivation, perception, learning, and attitude or belief system. Motivation speaks to the internal needs of the consumer.

Explanation:

Answer:

whos taylor?

Explanation:

i dont know anyone named taylor so...

Answer:

do fish get thristy? this is a assignment for health

Answer:

100 students at college

Answer:

Hourly wage is the amount of currency the person is being paid each hour. Salary on the other hand is the amount of money a person is being paid yearly.

Explanation:

Answer:

Sales tax is collected by the retailer when the final sale in the supply chain is reached via a sale to the end consumer. ... VAT (Value-Added Tax) is collected by all sellers in each stage of the supply chain. Suppliers, manufacturers, distributors and retailers all collect the value added tax on taxable sales.

When trying to assess whether an applicant will be a good performer, managers utilize Selection Tools.

Selection is the process that managers in all organizations use to determine:

The known selection tools include:

Thus, when trying to assess whether an applicant will be a good performer, managers utilize interviews, background information, paper-and-pencil tests, and references, which are known as Selection Tools.

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The statement "the money supply should increase by lower of $3 billion is correct.

The calculation is shown below:

Reserve requirement should be

= 10% of 3 million

= 0.3 million  

Now  

Excess reserve should be

= 3 - 0.3

= 2.7 million

Since  Required reserve ratio = 10%

Now  

Money multiplier is

= 1 ÷ Required reserve ratio

= 1 ÷ 0.10

= 10

So,

Increase in money supply should be

= 2.7 million × 10

= $2.7  billion.

So, the rest of the options should be incorrect.

Therefore we can conclude that the statement "the money supply should increase by lower of $3 billion is correct.

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The answer is none of the above, an increase in inventory holding costs per unit, all else equal, will result in none of the options.

Inventory is the term used to describe all the products, materials, goods, and merchandise that a company has on hand and plans to sell to customers for a profit. The only item that will be regarded as inventory is the newspaper if the vendor delivers newspapers to customers using a vehicle. The car will be handled like an asset.

The goal of the inventory is to act as a buffer between production and sales, ensuring that goods are available when customers place their orders and balancing out the flow of commodities. In order to accomplish this, businesses must carefully control their inventory levels, maybe investing in a suitable system.

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Answer:

Not quiet sure

Explanation:

Healthy workers will likely work for Duff Beer, while unhealthy workers will likely work for Brawndo. This is because Duff Beer pays for all health insurance costs and covers all possible health issues, which is beneficial for healthy workers who never get sick.

On the other hand, Brawndo pays a small part of the health insurance costs and requires high copayments, but they also pay higher wages to compensate healthy people for their health costs but not unhealthy people. This compensation benefits healthy workers but not unhealthy workers who have high health care costs.
The reason for this sorting of workers is due to moral hazard and adverse selection. Moral hazard refers to the behavior of individuals who are more likely to take risks or engage in unhealthy behaviors when they are insured. Healthy workers who never get sick are less likely to engage in risky behavior, making them less of a liability to Duff Beer's insurance plan. However, unhealthy workers are more likely to engage in risky behavior and incur higher health care costs, making them a liability to the insurance plan.
Adverse selection occurs when individuals with the highest risk are more likely to seek out insurance. In this scenario, unhealthy workers have higher health care costs and are more likely to seek out insurance that covers all possible health issues, such as Duff Beer's plan. Meanwhile, healthy workers who are less likely to get sick may opt for a plan with higher copayments but higher wages, such as Brawndo's plan.
Overall, this sorting of workers highlights the importance of considering moral hazard and adverse selection in the design of insurance plans.

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