A competitive firm receives price p for each unit of output, and pays price w for each unit of its only variable input. It also incurs set-up costs of F. Its output from L units of variable input is f (L) = √L.
It's possible that the maximum profit a firm can earn from production is negative (i.e. lose money). In this case the firm is better off not producing. When is this the case?
a) F < p2/4w
b) The firm always makes positive profit
c) F < p2/4w
d) The firm can never make positive profit
Answers
The correct answer is (a) F < p^2/4w. To understand why this condition indicates that the firm is better off not producing when the maximum profit is negative, let's examine the components involved:
F represents the set-up costs incurred by the firm. These costs are fixed and independent of the level of output.
p is the price received by the firm for each unit of output. It represents the revenue generated from selling the goods.
w is the price paid by the firm for each unit of its variable input. This cost is directly related to the quantity of the variable input used.
f(L) represents the firm's output, which is a function of the variable input L. In this case, the firm's output function is given as f(L) = √L, indicating that the firm's output increases as the quantity of the variable input increases.
Profit is calculated by subtracting the total costs from the total revenue. In this case, the variable costs are proportional to the quantity of the variable input, while the fixed costs (F) remain constant regardless of the level of output.
When the maximum profit is negative, it means that the firm's total costs exceed its total revenue at all levels of output. In other words, the firm cannot cover its costs and is incurring losses.
To determine the condition under which this occurs, we compare the fixed costs (F) with a critical value represented by p^2/4w. If the fixed costs are lower than this critical value (F < p^2/4w), it implies that the firm's total costs are relatively low compared to its revenue potential.
In such a scenario, even though the firm may experience losses at low levels of output, the potential revenue from increasing the output could offset the costs and lead to positive profits. Therefore, it would be rational for the firm to continue producing despite incurring losses initially.
On the other hand, if the fixed costs (F) exceed the critical value of p^2/4w, it means that the costs associated with production are too high compared to the revenue potential. In this case, the firm would be better off not producing at all since the losses incurred from production would be greater than not generating any revenue.
Therefore, option (a) F < p^2/4w correctly represents the condition under which the firm is better off not producing when the maximum profit is negative.
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Related Questions
45 on low of 6 a b c or d
Answers
Answer:
c
Explanation:
Answer:
a_______________________________________
Explanation:
At Just In Time Logistics, managers and workers share responsibilities, managers stress employee participation in all aspects of company decision making, and employment is long-term. What theory of management does Just In Time Logistics follow
Answers
Just In Time Logistics managers and workers share responsibilities, this follows Theory Z management
What is Theory Z?Theory Z is a management theory based on the combination of American and Japanese management philosophies.
Theory Z involves managers and workers share responsibilities, managers stress employee participation in all aspects of company decision making, and employment is long-term.
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Kristoffer needs to create cell names that match the column headings he has already created. Select the correct navigational path to set those names using the Create from Selection command. Click on the tab on the ribbon and look in the Defined Names gallery.
Answers
Answer:
formula
create from selection
top row
Explanation:
just took the question on edge
The correct navigational path to create cell names that match the column heading using the Create from Selection command is: Click on the Formula tab on the ribbon and look in the Defined Names gallery. Select the range of cells, including the row that includes the name you wish to use. Select Create from Selection. Select Top row and click OK.
What is a cell?Cells are the boxes that appear in an Excel worksheet's grid. On a worksheet, each cell is identified by its reference, the column letter and row number that intersect at the cell's location.
Instead of creating cell names one by one, "Create from Selection" tool can be used to create cell names from a selection. The tool is in the "Defined Names" group of the Formulas menu.
Therefore, the correct path for using the Create from Selection command is first to click on Formula tab and look in the Defined Names gallery. Then select the range of cells, including the row that includes the name wish to use. Select Create from Selection. Select Top row and click OK.
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An extremely rainy spring and summer may impact growing crops. This is an example of what type of risk
Answers
Answer:
Environmental risk
Explanation:
In simple words, The environmental risk of farming refers to the affect that various agricultural activities have on the environments in which they operate, as well as how those impacts can be linked to those practices. Agriculture's ecological influence varies greatly depending on the activities used by growers as well as the size at which they operate.
Using the chart, identify an example of absolute advantage for the United States over either Country A or Country B. Be sure to identify the product and the country. Explain how the availability and use of a natural resource may impact advantage.
Answers
Answer:
Absolute advantage is the advantage that a country has when it can produce a particular good or service at a lower cost than other countries.
Explanation:
The United States, in particular, has absolute advantage in the production of oil. Currently, the U.S. is the largest oil producer in the world, with around 15 million barrels a day.
This advantage occurs because the United States has ample oil deposits, both conventional and non-conventional (non-conventional deposits are those that can only be exploited through fracking), and also because the U.S. has the technical capacity, both in terms of infrastructure and human capital, to exploit those oil deposits in a satisfactory manner, and more importantly, in a more efficient and cheaper way than most other countries in the world.
one joint of marijuana impairs a person more than having a blood alcohol content of _____ %.
Answers
hope this helps
One joint of marijuana impairs a person more than having a blood alcohol content of 0.1%.
What do you mean by blood alcohol content?A blood alcohol content (BAC) of 0.1% indicates that your blood contains 0.1% alcohol by volume. BAC is a measure of alcohol in the blood as a percentage. More harm can be done by one joint of marijuana than by 0.1% of alcohol.
Marijuana is a drug made from the marijuana plant. It can be used as a recreational drug and is a component of many medicines. It can speed up heartbeat, induce anxiety, and result in hallucinations.
Joint is a rolled cannabis cigarette
The most passionate debates over medicinal marijuana center not on its efficacy in treating patients' illnesses but rather on its potential for harm to both individuals and society as a whole.
This chapter first looks at the scientific evidence that users of marijuana suffer both bodily and psychological harm. Then it takes into account any possible social repercussions of approving marijuana use for medical purposes.
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When a customer returns a product for a refund, in which account is the entry recorded?a. purchase returnb. purchase discountc. sales returnd. sales discount
Answers
When a customer returns a product for a refund, the entry is recorded in the sales return account.
What is a product?A product is a tangible or intangible item that is created or manufactured for sale or consumption. It can be a physical item like a car or a smartphone, or a service like healthcare or education. A product is typically designed to meet the needs or wants of consumers, and it can be marketed and sold through various channels such as online stores, brick-and-mortar shops, or direct sales. The success of a product is often measured by its sales performance, customer satisfaction, and brand reputation. Developing a successful product requires a combination of creativity, innovation, market research, and business strategy.
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1.05 the market place economic
Answers
A market economy serves as an economic system in which economic activities is been controlled by individuals.
What is market economy?market economy serves as the economy that that gives country's individual citizens and businesses to be able to make decisions .
This decision could be pricing of goods and services which are been controlled by the interactions of a country's individual citizens.
COMPLETE QUESTION:
Explain market place economy
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What are the 5 advantages of writing out a budget?
Answers
Explanation:
Provides You 100% Control Over Your Money.
Let's You Track Your Financial Goals.
Budgeting Will Open Your Eyes.
Will Help Organize Your Spending.
Will Help Create a Cushion for Unexpected Expenses.
Budgeting Makes Talking About Finances Much Easier.
thesavvycouple dot come
With the aid of examples discuss the 8 M's of operations
management
Answers
The 8 Ms of operations management are: Manpower; Machinery ;Methods ;Materials; Measurement; Mother Nature; Money; Management System.
The 8 Ms of operations management are often used by businesses to develop efficient and effective processes. These 8 Ms of operations management can help businesses identify the critical factors in their operations to help them become more efficient.
Manpower: Manpower refers to the personnel needed to produce a product or perform a service. This M looks at the skill, knowledge, and attitude of the workers.
Machinery: Machinery refers to the equipment used in the production process. This M looks at how well equipment is maintained, what kind of equipment is used, and how often the equipment needs to be replaced.
Methods: Methods refer to the procedures used to produce a product or perform a service. This M looks at how well the procedures are followed and if there are any areas that need to be changed.
Materials: Materials refer to the inputs used to produce a product or perform a service. This M looks at the quality and availability of the materials used.
Measurement: Measurement refers to the metrics used to assess the quality of the product or service. This M looks at how well the product or service meets the customer’s needs.
Mother Nature: Mother Nature refers to the environmental factors that affect the production process. This M looks at how well the production process is able to handle natural disasters, climate change, and other environmental factors.
Money: Money refers to the financial resources needed to produce a product or perform a service. This M looks at the costs of production and how the business can save money.
Management System: Management system refers to the process of managing the production process. This M looks at how well the production process is managed and if there are any areas that need to be changed.
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how does the reporting of gains and losses differ between (1) selling property for cash and (2) exchanging property for like-kind property?
Answers
In summary, selling property for cash results in an immediate recognition of any gain or loss, while exchanging property for like-kind property allows for the deferral of any gain or loss until the new property is sold. It's essential to understand these reporting differences to ensure that you are accurately reporting any gains or losses for tax purposes.
When it comes to reporting gains and losses, there are significant differences between selling property for cash and exchanging property for like-kind property. If you sell property for cash, any gain or loss on the sale is recognized for tax purposes. The gain or loss is calculated by subtracting the adjusted basis of the property from the sale price. The adjusted basis is typically the original cost of the property plus any improvements or expenses associated with the property.
On the other hand, if you exchange property for like-kind property, the gain or loss on the exchange is deferred until the new property is sold. This is known as a 1031 exchange and is a popular way for real estate investors to avoid paying taxes on gains from the sale of property. The adjusted basis of the old property is transferred to the new property, and any gain or loss is not recognized until the new property is sold.
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If a government cannot accurately measure gdp, what problems can that cause for the government or for businesses in that country?
Answers
If a government cannot accurately measure GDP, it can cause problems for both the government and businesses in that country. Without accurate GDP data, the government may struggle to make informed policy decisions and allocate resources effectively.
For businesses, the lack of accurate GDP measurements can affect their decision-making processes. They rely on GDP data to analyze market conditions, identify trends, and make investment decisions. Without reliable GDP information, businesses may face uncertainties regarding market size, demand, and economic stability, which can hinder their ability to make strategic decisions and expand their operations. Overall, the accurate measurement of GDP is crucial for both the government and businesses as it provides important insights into the overall economic health of a country and helps guide policy-making and business strategies.
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What is misleading about the term “overdraft protection”? please answer will give brainliest to the first
Answers
Answer:
"Overdraft protection is a misleading term, because it doesn't protect you from overdrafting," Schliep said, after paying the bank back for the charges. "It allows you to overdraft when you don't have enough money in checking so you're not embarrassed by getting your card denied."
Explanation:
Answer:
it makes it sound beneficial but it will take money from you.
With overdraft protection, if you don't have enough money in your checking account, checks will clear and ATM and debit card transactions will still go through. If you don't have enough overdraft protection to cover a shortfall, transactions won't go through, and fees may be high.
Explanation:
Which transfer of ownership would not be excluded from property tax reappraisal?
Answers
Transfers between unrelated buyers and sellers is the transfer of ownership would not be excluded from property tax reappraisal.
State law requires one at least every eight years(Randolph County’s last reappraisal was effective 1-1-2014)Assure all properties reflect current market valueTo create equity between the four types of assessed property:Real estatePersonal property (Individual and Business)Registered motor vehiclesPublic service companiesReappraisal is an in-depth process of assigning new values to all the real property in the county at its current market value. If no changes are made to the property in-between reappraisal years, the value will not change.
Guilford County appraisers review and analyze information including comparable sales in your neighborhood. Reappraisals are not only mandated by North Carolina General Statues, but are necessary to maintain equitable and uniform property values. Reappraisal tools include county maps, aerial photography, street level images, sales analysis, field visits, and other methods to gather data used in determining market value. Guilford County conducts reappraisals entirely in-house by appraisers familiar with the local market.
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Peter, a cashier at a local grocery store, was berated at work by his manager. He comes home from work and promptly yells at his wife and kicks the cat. This is an example of
a. displacement.
b. the frustration-aggression theory.
c. relative deprivation.
d. social learning theory.
Answers
Peter, a cashier at a local grocery store, was berated at work by his manager. He comes home from work and promptly yells at his wife and kicks the cat. This is an example of (b). the frustration-aggression theory.
The situation described in which Peter, after being berated at work, comes home and takes out his frustration on his wife and cat aligns with the frustration-aggression theory. According to this theory, frustration experienced when goals are blocked or expectations are not met can lead to aggression or hostile behavior. In this case, Peter's anger and frustration from the negative interaction with his manager at work are displaced onto his wife and the cat through yelling and kicking.
Displacement, option a, is a defense mechanism in psychology where emotions or impulses are redirected towards a less threatening or more available target. While Peter's behavior can be seen as a form of displacement, the more specific theory that explains this behavior is the frustration-aggression theory.Relative deprivation, option c, refers to the perception of being deprived or having less than others in comparison. It does not directly explain Peter's behavior in this situation.
Social learning theory, option d, focuses on how individuals learn behaviors through observation and imitation of others. While social learning theory may play a role in how Peter learned to express his frustration through aggression, it is not the primary explanation for his behavior in this specific situation.
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Heydeman and Johnson argue that the Paycheck Fairness Act would make it easier for workers to challenge unfair pay.Select one:TrueFalse
Answers
True. According to Heydeman and Johnson, the Paycheck Fairness Act would make it simpler for employees to complain about unjust pay.
The Paycheck Fairness Act USA: What Is It?The Paycheck Fairness Act would close legal gaps in the Equal Pay Act, ending detrimental pay discrimination tendencies and bolstering women's job protections. It is one of President Biden's top initiatives for gender equality. A fact sheet on the law is available here.
Why is equal compensation for equal work important?The Equality Act of 2010 establishes a right to equal compensation for equal labour between men and women, and it governs equal pay. This includes wage equality and all other contractual requirements for people who are employed under the same contract.
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True. According to Heydeman and Johnson, the Paycheck Fairness Act would make it simpler for employees to complain about unjust pay.
The Paycheck Fairness Act USA: What Is It?The Paycheck Fairness Act would close legal gaps in the Equal Pay Act, ending detrimental pay discrimination tendencies and bolstering women's job protections. It is one of President Biden's top initiatives for gender equality. A fact sheet on the law is available here.
Why is equal compensation for equal work important?The Equality Act of 2010 establishes a right to equal compensation for equal labour between men and women, and it governs equal pay. This includes wage equality and all other contractual requirements for people who are employed under the same contract.
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Sell-side marketplaces are similar to the _________ model; _________ auctions are the key mechanism.
Answers
Answer:
B2C; forward
Explanation:
Sell-side marketplaces are similar to the B2C model; forward auctions are the key mechanism.
What is B2C model?The term "business-to-consumer" (B2C) refers to a model of commerce between a company and a single customer. Although B2C is a term that can refer to any form of direct-to-consumer selling, it is currently often used in relation to operating an online store, sometimes referred to as ecommerce.
Business to Consumer (B2C) enterprises are different from Business to Business (B2B) organizations in that they concentrate on selling their goods or services directly to consumers rather than other businesses. .
Shopify is one prominent B2C startup that has created a platform to let small sellers sell their goods online and reach a larger audience.
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why does the margin of error decrease as the sample size n increases?
Answers
That is because a larger sample size will be more representative of the whole population.
The margin of error is the amount of error that can be there in a survey, it is an indication of the level of accuracy of the results. The sample size plays a vital role in the margin of error.
Large sample size can provide a more accurate result as it provides a representative of the population being studied. With a large sample size, the margin of error decreases. , which means that the error will be less than a smaller sample size.
The margin of error is a statistic that describes how much random sampling error there is in survey results. One should have less faith that a poll's findings would accurately reflect those of a population census the higher the margin of error.
As the sample size increases, the margin of error decreases as well. This is because the larger the sample size, the more representative it is of the entire population. It reduces the effects of sampling errors on the population being studied. Therefore, it is easier to draw conclusions that are more representative of the entire population from a larger sample size.
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can someone help me with this please.
Answers
Answer:
sure
Explanation:
no image
when the government does not use quotas, taxes or other means to restrict what its citizens can buy from or sell to another country, it is called
Answers
When the government does not use quotas, taxes or other means to restrict what its citizens can buy from or sell to another country, it is called free trade.
Free trade agreements are agreements between governments that allow access to each other's marketplaces. FTAs can force local sectors to become more competitive and rely less on government support.
The following are some characteristics of free trade agreement :-
• FTAs may force local industries to improve and become less reliant on government assistance.
• They may draw in fresh capital, open up new markets, and increase GDP.
• The degradation of a nation's natural resources, the demise of its traditional ways of life, and local employment instability are only a few of the problems that FTAs may subject a country to.
• Countries must balance the benefits of free trade agreements on the domestic level with their negative repercussions.
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john a supervisor at the local factory revicea freuesnt requests from workers on how to fix the machine they use what shoud, john do
Answers
a company has some bottling equipment which cost $8 million, has a net book value of $3.6 million, estimated future cash flows of $3.45 million, and a fair value of $2.85 million.
How muich is the asset impairment loss?
Answers
A company has some bottling equipment that cost $8 million, has a net book value of $3.6 million, estimated future cash flows of $3.45 million, and a fair value of $2.85 million. The asset impairment loss for the company's bottling equipment is $0.75 million.
An asset impairment loss is a decrease in the value of a company's asset when its fair value is less than its carrying value (the asset's cost minus accumulated depreciation) or when its future cash flows are lower than its carrying value.
The impairment loss is the difference between the asset's carrying value and its recoverable amount, which is the higher of the asset's fair value less costs to sell, and its value in use (i.e., the present value of future cash flows).
To calculate the asset impairment loss, we'll compare the net book value to the fair value of the bottling equipment. In this case, the net book value is $3.6 million and the fair value is $2.85 million. Since the fair value is lower than the net book value, there is an impairment loss. The impairment loss can be calculated as follows:
Asset Impairment Loss = Net Book Value - Fair Value
Asset Impairment Loss = $3.6 million - $2.85 million
Asset Impairment Loss = $0.75 million
So, the asset impairment loss for the company's bottling equipment is $0.75 million.
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Pilar Perez makes time and a half for hours over 40. How much additional pay
would she earn if she worked 65 hours?
Answers
Based on the amount that Pilar Perez makes in 40 hours, the additional pay she would earn if she worked 65 hours is $1,367.88.
How much would Pilar Perez earn?The amount that Pilar Perez earns per hour for 40 hours is:
= 17.65 x 40
= $706
Every hour over 40 hours is a time and a half so Pilar Perez makes:
= (65 - 40) x (17.65 x 1.5)
= 25 x 26.475
= $661.88
Total amount Pilar Perez makes is:
= 661.88 + 706
= $1,367.88
First part of the question is:
Pilar Perez is a truck driver. she earns $17.65 per hour
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identify which of the following is not a correct statement about the use of a worksheet: multiple choice question. provides timely information can be less useful if a company has many accounts helps identify that all necessary adjustments have been made is a convenient form for gathering information
Answers
The statement that is not correct about the use of a worksheet is a. that it provides timely information.
A worksheet is a multiple-column form that is utilized in accounting to collect and record financial data. A worksheet is commonly utilized by accountants to summarize information from many financial statements into a single report that may be used to make business decisions. A worksheet is utilized to assist in the recording of accounting transactions. It's utilized to keep track of changes in account balances as well as to create the financial statements of a company at the end of an accounting cycle. The uses of a worksheet are to provides a convenient method for gathering information and it a simple way to keep track of changes in account balances.
A worksheet helps to determine whether or not all required adjustments have been made.The majority of accounting worksheets are built in a manner that helps to reduce the possibility of mistakes, making them more reliable.It aids in the identification of account discrepancies and problems with transactions.It's utilized to aid in the preparation of financial statements.Therefore, based on the given options, the statement that is not correct about the use of a worksheet is that it provides timely information.
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Why is account management important in the vegetable farming ? give reason .
Answers
Answer:
Money
Explanation:
The expected result of farming would be to make money, account management would help the most in making money. With account management, you can see how well your farm is producing money which in turn can tell you if you are growing quality crops or a crop that your clients want the most.
Answer:
It is important to appreciate the fact that modern business management principles can assist the farmer or farm manager, no matter how small his farm may be and however meager his capital. This is because of the two major tasks facing today’s farm managers.
Explanation:
Importance of agriculture in the Food supply Agriculture is the world’s leading source of food items. All the food substances that are essential viz. Agriculture produces vegetables, proteins, and oils. The carbohydrates provide all living beings with energy.
Woodsmith magazine gave instructions on how to build a pine cupboard. Lumber will be needed for two shelves 1134 inches long, two base sides 1112 inches long, and two door stiles 2918 inches long. Your lumber comes in 6 foot lengths. A. How many feet of lumber will you need? (Enter your fraction in lowest terms.)
Answers
Answer:
Hi there!
You'll need 860.67 feet of lumber.
Explanation:
First we calculate the needs of lumber in inches
Shelves: 2 x 1,134 = 2,268 inches
Base Sides: 2 x 1,112 = 2,224 inches
Door stiles: 2 x 2,918 = 5,836 inches
Total inches long of lumber needed:
2,268 + 2,224 + 5,836 = 10,328 inches
Then we convert the unit of measure from inches to feet:
One inch equals 0.08333 feet.
10,328 x 0.08333 = 860.67 feet
the person who would be most directly affected by the changes in the business cycle is workplace types and the economy
Answers
An economy is an area of the production, distribution, and trade, as well as consumption of goods and services.
What is the meaning of Economy?A territory with an economy is one where goods and services are manufactured, sold, traded, and used. It is generally accepted that it is a social domain that places special emphasis on the actions, conversations, and outward expressions related to the production, use, and management of finite resources.
A community's resource allocation is ultimately determined by a collection of connected processes for manufacturing and consumption, collectively referred to as an economy. The demands of those who live there and conduct business there are met by the whole production as well as consumption of goods and services.
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Which action by the government would be used in expansionary monetary policy?
a. decreasing the reserve requirement
b. raising the federal funds rate target
c. selling more bonds to the general public
d. increasing the discount rate
Answers
The most important equipment that central banks use to expand monetary coverage encompass lowering the bargain rate, growing the buy of government securities, and reducing the reserve requirement.
What happens if the government of a u . s . a . uses expansionary financial policy?a. reducing the reserve requirement b. elevating the federal funds rate target c. selling more bonds to the conventional public d. increasing the cut price rate
Expansionary economic policy is when a central bank makes use of its equipment to stimulate the economy. That will increase the cash supply, lowers activity rates, and will increase demand. It boosts financial growth. It lowers the price of the currency, thereby decreasing the alternate rate.
What is the policy action in an expansionary economic policy to promote financial growth?Expansionary economic coverage goals to spur monetary growth via expanded liquidity. Increased money provide promotes monetary growth. It takes place because companies and people seem to be to capitalize upon the without difficulty accessible dollars by means of task increased investments, expanding operations, and growing consumption.
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which of the following are job boards? check all that apply. indeed open post big careers
Answers
Among the options provided, the job boards are "Indeed" and "Open Post."
Indeed is a widely recognized and popular online job board that connects job seekers with employers. It offers a vast database of job listings from various industries and locations worldwide. Job seekers can search for positions, upload their resumes, and apply directly through the platform. Employers can also post job openings and search for suitable candidates.
Open Post is another job board platform. However, it may not be as well-known as Indeed. While Open Post is not as widely used as other major job boards, it still serves as a platform for employers to post job vacancies and for job seekers to explore job opportunities.
On the other hand, "Big Careers" is not a recognized job board. It is possible that it might refer to a specific company or website related to careers, but it is not commonly referred to as a standalone job board.
In summary, among the options provided, "Indeed" and "Open Post" are job boards, while "Big Careers" does not qualify as a well-known job board.
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Please help with economics for 100 points and brainliest
Answers
Answer: Okay, I’ll try.
Explanation:
the answer to your question is A