If a factor receives pure economic rent, its supply curve must be horizontal.Pure economic rent refers to the excess payment made for utilizing the resources that are available.
It is paid to the owner of the resources who has the natural or technological advantages in the particular industry. It is the amount of excess payment made for utilizing the resources above and beyond the minimum amount required to keep the owner of the resources in their current occupation or investment.The supply curve of a factor that receives pure economic rent must be horizontal because if it's vertical, the producers cannot increase the production and if it's upward sloping, the price will increase as the quantity increases, which will contradict the definition of pure economic rent.
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what is the best practice sequence of steps to convert an Estimate to a Purchase order?
a.Open Estimate > Select the down arrow next to Create Invoice > Copy to purchase order
b.Open Estimate > Change Estimate status to Accepted > Select the down arrow next to Create Invoice > Copy to purchase order
c.Open Estimate > Select Copy to purchase order at the top right of the screen
d. Left Navigation bar > Expenses > Select the down arrow next to New Transaction > Select Convert estimate to purchase order
The best practice sequence of steps to convert an Estimate to a Purchase order is Open Estimate > Select the down arrow next to Create Invoice > Copy to purchase order. Thus, option A is correct.
When a company places an order with one of its vendors or suppliers, the buying department will issue a purchase order as the commercial source document. The document provides information about the items to be purchased, including the kinds of commodities, the amount, and the cost. It is, in essence, the contract that the buyer drafts when making a purchase from the seller.
The first step is to prepare a buy requisition before sending the purchase order to the supplier. To keep track of the items ordered, the purchasing department of the business was given this document.
The purchase requisition assists the business in keeping track of its expenditures. Only once the purchase requisition has been accepted is the PO created.
Therefore, option A is the ideal selection.
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QUESTIONS 4 66. - Neatness has great value Consider the following short run production function: Q=6L-0.4L (each a point) a. Find the value of L that maximizes output and maximum output b. Find the value of L that maximizes marginal product and maximum marginal product c. Find the value of L that maximizes average product and maximum average product Given a short run cost function as TC= 1/3Q¹-2Q²-6Q +100 a. Find the minimum value of AVC and MC (a point) A firm operates in a perfectly competitive market. The market price of its product is 4 birr and the total cost function is given by TC= 1/3Q - SQ+z0Q+50, where TC is the total cost and Q is the level of output. (each a point) a. What level of output should the firm produce to maximize its profit? b. Determine the level of profit at equilibrium. c. What minimum price is required by the firm to stay in the market Which Economic System is suit for Ethiopia? Discuss it? (4 point) Discuss the goals of macroeconomics and the measurement of economic performance of the country (6- the point) 6 6. What are problems and instruments of macroeconomics, Discuss it? (6-point)?
a. The value of L is 7.5 and the maximum output is 22.5.
b. The value of L is 7.5 and maximum marginal product is 0.
c. There is no value of L.
What is the value of L?a. To get value of L that maximizes output (Q), we need to differentiate the production function with respect to L:
\(Q = 6L - 0.4L^2\)
Taking derivative with respect to L:
dQ/dL = 6 - 0.8L
6 - 0.8L = 0
0.8L = 6
L = 6 / 0.8
L = 7.5
The value of L that maximizes output is 7.5 and maximum output (Q) will be:
\(Q = 6(7.5) - 0.4(7.5)^2\)
Q = 45 - 0.4(56.25)
Q = 45 - 22.5
Q = 22.5
To get value of L that maximizes marginal product (MP), we have to differentiate function:
MP = dQ/dL = 6 - 0.8L
Setting MP = 0:
6 - 0.8L = 0
0.8L = 6
L = 6 / 0.8
L = 7.5
The maximum marginal product is computed by substituting value into function:
MP = 6 - 0.8(7.5)
MP = 6 - 6
MP = 0
c. To find the value of L that maximizes average product (AP):
AP = Q / L = (6L - 0.4L^2) / L
Simplifying:
AP = 6 - 0.4L
Taking derivative:
dAP/dL = -0.4
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Match the action needed to increase profits with the reason a business might fail.
A small company, especially a store, usually has a better chance of succeeding if it is in an area with other businesses because it can draw in new customers.
A) poor management
B) competition
C) bad location
D) finances
Answer:
C, bad location
Explanation:
Competition is needed for a successful company otherwise monopolies rise and so can potential prices. The reason a business might fail is bad location so to counter this they can move to a more densely populated area.
Bad location is the action needed to increase profits with the reason a business might fail. The correct is option C.
Why is the location of a store important?It's a popular belief that finding a decent location is essential for drawing clients. Supply and distribution are also made simpler at a conveniently positioned store. The ability of a retailer to sell itself and contend with the competition it faces from other businesses can be influenced by location.
The greatest employees are hard to find and keep, and many are quite particular about where they work in order to achieve the ideal work-life balance. A company's performance over the long run can be considerably improved by wise location choices. Poor ones can cost millions in lost capital, talent, and production.
Thus, the ideal option is C.
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Question 40 of 40
Product differentiation occurs most frequently in what part of the product life
cycle?
A. Introduction
B. Growth
C. Decline
D. Maturity
Product differentiation occurs most frequently in the D. maturity part of the product life cycle.
Maturity isn't a matter of age, but rather, of how you choose to respond and reply to colorful life situations. It's basically a position of internal development or wisdom that has a bearing on all areas of an existent's life, right from their conduct to their relationship with others. A mature person will take responsibility for his own conduct rather than condemn others. He'll take a far-sighted view of effects and act in a considered, rather than a robotic manner. Mature people are suitable to accept themselves for who they are; they exercise kindness indeed in the face of their failings. You can seek to ameliorate yourself and grow as an individual, but maturity allows you to take your present situation and all the once events that have led to it and make peace with them.
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The Seven Steps to Move into a New Field
Answer:
what? I'll answer in comments if this is a mistyped question
Aggie Limo is considering upgrading their fleet of stretch limosines by adding a large flat screen TV. With the flat screen TV, they can charge more money enabling annual revenue for each limosine. There is also a small increase in annual cleaning costs. Flatscreen cost including installation: 1540
Additional annual revenue per car due to flat screen: 832 Additional annual cleaning cost due to flat screen: 148 What is the payback (in years)?
We must ascertain how long it will take for the additional money brought in by the flat-screen TV to offset the cost of installation and the rise in yearly maintenance expenses in order to calculate the payback period.
The flat screen TV's initial price, including installation, is $1540. The flat screen TV generates $832 more in annual revenue per car, while the higher annual cleaning expenses come out to $148. We divide the initial expense by the net yearly cash flow, which is the difference between the additional revenue and the additional cleaning expense, to determine the payback period: Initial cost x Net annual cash flow equals the payback time. Net annual cash flow is equal to additional revenue minus additional cleaning expenses ($832 minus $148 equals $684). Period of repayment = $1540 / $684 ≈ 2.25 years The addition of the flat-screen TV to the limousine fleet will therefore pay for itself in roughly 2.25 years.
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Porter+inc's+stock+has+an+expected+return+of+12. 25%,+a+beta+of+1. 25,+and+is+in+equilibrium. +if+the+risk-free+rate+is+5. 00%,+what+is+the+market+risk+premium?.
Answer: h,m can you form the formula
Explanation:
As you move through your career and begin to seek promotions, it is helpful to ______. a. Target and train for specific career promotions which fit your needs b. Remain tied to traditional practices in a technologically advancing age c. Show commitment to always doing your job in the same way no matter what d. Compile your professional development and growth every ten years Please select the best answer from the choices provided.
Answer:
a.
Target and train for specific career promotions which fit your needs
Explanation:
You are employed by company a, which makes motorcycles. you have been asked to write a brief report (following a report format) to the managing director comparing the size of your company with three others in the same industry. use the following information in your report. state the advantages and disadvantages of each of the ways of comparing business size.
Managing Director's Name]
Managing Director
Company A
Subject: Comparison of Company A's Size with Competitors in the Motorcycle Industry
Dear [Managing Director's Name],
I am writing this report to provide you with a comparative analysis of the size of Company A in relation to three other companies in the motorcycle industry. This analysis will help us understand our position in the market and identify potential areas for growth and improvement. Below is a summary of the information gathered and an evaluation of the advantages and disadvantages of different ways of comparing business size. Revenue Comparison:
Advantages: Comparing revenue provides a straightforward measure of a company's financial performance and market share. It offers insights into the company's ability to generate sales and compete effectively.
Disadvantages: Revenue alone may not capture the complete picture of a company's size as it does not consider factors like profitability, cost structure, or operational efficiency.
Market Share Comparison: Advantages: Analyzing market share allows us to assess our competitive position in the industry. It provides an indication of our market presence relative to competitors.
Disadvantages: Market share analysis may overlook other important aspects of business size, such as revenue growth potential or diversification efforts.
Employee Count Comparison Advantages: Comparing the number of employees gives an indication of the workforce size and organizational capacity. It helps assess our ability to manage operations and support growth. Disadvantages: Employee count alone does not consider productivity levels, skill sets, or workforce efficiency, which are crucial factors in determining business size.
Production Capacity Comparison Advantages: Evaluating production capacity provides insights into a company's ability to meet customer demands and scale operations. It indicates potential growth opportunities. Disadvantages: Production capacity may not reflect other aspects of business size, such as market share or financial performance. Thank you for your attention to this report. Please let me know if you have any further questions or require additional information.
Sincerely,
[Your Name]
[Your Position]
[Company A]
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(d) Which type of wholesalers operate on a self-service basis where other traders pick, pay and transport goods on their own
Answer:
i dont know how is it huh090889
The one envelope at a time approach is called single-piece flow in lean manufacturing. It works because of the surprising power of _______________.
The surprising power of single-piece flow is its ability to improve productivity, reduce waste, and increase profits.
Single-piece flow in lean manufacturing refers to a method where each product or process moves through production with no interruptions or waiting. According to the concept of single-piece flow in lean manufacturing, the one envelope at a time approach works due to the surprising power of flow. By optimizing the workflow and minimizing disruption, production speed and efficiency can be significantly improved.
The idea behind single-piece flow is to eliminate the waiting time between manufacturing steps, allowing for a constant, smooth flow of production. This is accomplished by producing one item at a time and ensuring that it passes directly from one step to the next until it is completed.
Single-piece flow is more efficient than batch production methods since the one-at-a-time approach eliminates overproduction and the build-up of excess inventory. It also ensures that errors are detected sooner and that resources are only used as needed.
As a result, the surprising power of single-piece flow is its ability to improve productivity, reduce waste, and increase profits.
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PLEASE HELP ME I NEED HELP!!!!!!
Which of these factors would NOT cause the demand curve for a particular good to shift?
Group of answer choices
a change in the costs of a necessary factor of production
a change in the number of consumers in the market
a change in the level of consumer income
a change in consumer preference
Answer:
a change in the level of consumer income
Explanation:
i did the problem recently :)
Which is an example of an accounting function for a business?
1.) Designing print advertisements
2.) Preparing a balance sheet
3.) Hiring employees
4.) Testing computer software
company A had an engineering job to be given to a subcontracting company. The subcontracting took the iob and a formal contract was signed between the two parties. While the project was ongoing. some technical diticulties faced by the subcontracting company forced the project to be stopped for a period of 1 month. Since the project was stalled for 1 month the company A couldn't complete the project, and couldn't deliver the project to the client. The client levied a fine on the contracting company. Company A asked for compensation for the delay of work by the subcontracting company wherein in the formal contract there is no mention that the fine can be levied on any delay of work. The two companies had a dispute and company A had refused to conclude the contract. Apply applicable two Bahrain contract laws in this scenario to have a dispute resolution and come up with an appropriate conclusion to the case
In Bahrain, the applicable laws for resolving contract disputes can include: Bahrain Commercial Companies Law: This law governs the formation and operation of commercial companies, including subcontracting companies.
Bahrain Civil Code: The Civil Code contains provisions related to contracts, obligations, and liabilities. It may cover aspects such as breach of contract, compensation for damages, and principles of contractual interpretation. In order to resolve the dispute and come to an appropriate conclusion, the parties involved can consider the following steps: Contractual Interpretation: Review the terms and conditions of the formal contract signed between the two parties to determine if there are any clauses or provisions that address the issue of compensation for delays or unforeseen circumstances. It is important to carefully examine the contract language to understand the rights and obligations of each party.
Negotiation and Mediation: The parties can attempt to negotiate a mutually acceptable resolution through direct discussions or mediation. Mediation involves the intervention of a neutral third party who facilitates communication and assists the parties in reaching a settlement.
Arbitration: If negotiation or mediation fails to resolve the dispute, the parties can consider arbitration. Bahrain has established the Bahrain Chamber for Dispute Resolution (BCDR-AAA) to handle commercial disputes through arbitration and other alternative dispute resolution mechanisms. Legal Action: If all other avenues fail, the parties can resort to legal action by filing a lawsuit in the appropriate Bahraini court. The court will consider the relevant contract laws and evidence presented by both parties to determine the outcome of the case. It is important to consult with a legal professional to understand the specific details of the case, review the contract terms, and receive advice tailored to the Bahraini legal system and circumstances involved.
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Rgh enterprises is able to produce a wide line of garden tools and sells a high volume, and thus can capitalize on economies of scale and charge lower prices than its competitors. Rgh enterprises is using the ________ strategy.
Rgh Enterprise use a cost-leadership strategy. It can manufacture a wide range of garden equipment and sell in large quantities, allowing it to take advantage of economies of scale and charge lower costs than competitors.
A company's cost leadership strategy is based on its ability to reduce manufacturing costs while still offering high-quality products at competitive pricing. It is a good technique for huge corporations with significant purchasing power, but it is less effective for small enterprises.Cost leadership in business strategy refers to getting a competitive advantage by having the lowest cost of operating in the industry. Cost leadership is typically driven by firm efficiency, size, scale, scope, and collected experience.A company that practices cost leadership provides adequate quality and characteristics to a wide range of clients at a cheap cost. For example, Super Shoes sells low-cost name-brand footwear. Another example is Little Debbie snack cakes.Thus this is the answer of cost leadership strategy.
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Kent works in the public relations department of his company. He sends a news release about a new product offering to several newspapers and television stations. Kent knows from past experience that even when the media use his news releases, they often release the information at inopportune times. They will also sometimes cut out what Kevin believes are the most important points to make the news fit. However, Kent accepts these disadvantages because free publicity offers the advantage of
Answer:
The answer is "credibility".
Explanation:
In this scenario, free advertising offers a reputation benefit. When this journal advertises openly, it's also considered reliable by the targeted customers like, it is in news form while charging something. Therefore, Kent finds that improper transmission of time information to be a drawback since it recognizes that its product and company would still be credible.
People are known to have different qualities. Kent accepts these disadvantages because free publicity offers the advantage of Credibility.
Credibility is known to be a characteristic of an individual who is said to be noted by others to be a trusted advisor, believable, and confident as they tend to show a high level of expertise in a specific field.A lot of traits are said to be of influential behaviors are known to be linked with with high credibility. Kent acceptance shows that free publicity gives some measure of Credibility.
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what should you consider regarding auto insurance before buying a vehicle
Answer:both a and c
Explanation:
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why is training important for a good job?plz answer
In june, cellars, inc. Collected $1,000 from a customer in advance. In july, cellars completed the first half of the job. In august, cellars completed the work. If cellars uses the cash basis of accounting, it will record revenues of ______.
If Cellars, Inc. uses the cash basis of accounting, it will record revenues of $1,000 in June and nothing in July and August for this transaction.
What is the cash basis of accounting?The cash basis of accounting is an accounting method whereby revenues and expenses are recognized when cash is received or paid out.
The cash basis is unlike the accrual basis of accounting. With the accrual basis, revenue is recognized when earned. Expenses are recognized when liabilities are incurred regardless of when cash payment is made.
Data Analysis:Cash Basis:
Cash $1,000 Deferred Revenue $1,000
Accrual Basis:
Cash $1,000 Deferred Revenue $1,000
July: Deferred Revenue $500 Service Revenue $500
August: Deferred Revenue $500 Service Revenue $500
Thus, if Cellars, Inc. uses the cash basis of accounting, it will record revenues of $1,000 in June and nothing in July and August.
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PLEASE HELP!!1
Describe the concept of economics of scale. How does it relate to productivity?
Answer:
the phenomenon where the average costs per unit of output decrease with the increase in the scale or magnitude of the output being produced by a firm.
Explanation:
Brooklyn is paid biweekly. Her annual salary is $63,700. What is her biweekly gross pay?
Brooklyn's biweekly gross pay, given the amount that she is paid annually, is $ 2, 450
How to find the biweekly gross pay?A person's biweekly gross pay is the amount that they are paid every 2 weeks that is not adjusted for taxes and other deductions.
In a year, the number of two week periods are :
= Number of weeks / 2
= 52 / 2
= 26 biweekly periods
The biweekly salary of Brooklyn is therefore :
= Annual salary / number of biweekly periods
= 63, 700 / 26
= $ 2, 450
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Measuring how a customer views a firm under the balanced scorecard framework is important because g
Measuring how a customer views a firm under the balanced scorecard framework is important because they must be translated into the action, what the company should do to meet the expectations of its customers.
What is a balanced scorecard? what are its advantages?Balanced scorecards is that management system, that monitors, measures and changed the performance system of the organization in order to achieve the pre-determined objectives of the firm.
The main advantage of the balanced scorecard is that it helps the company in identifying and improving the internal operations of it and get the better external outcomes.
It measures the past data of the company for comparison and making the better future.
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Explain the importance of format and visual presentation when composing text as well as ensuring that the form and content is appropriate to ghe type,audience and context
The importance of format and visual presentation in composing text is significant as it greatly influences how the content is perceived, understood, and received by the audience. Here are a few reasons why format and visual presentation matter:
1. **Enhanced Readability**: Proper formatting techniques, such as using headings, subheadings, bullet points, and appropriate font styles, can improve readability. Clear organization and visual cues make it easier for readers to navigate through the text and locate important information efficiently.
2. **Engagement and Attention**: A visually appealing presentation grabs the attention of the audience and encourages them to engage with the content. Elements like images, charts, graphs, and well-designed layouts can enhance the overall presentation and make the text more engaging and interesting.
3. **Clarity and Understanding**: Effective formatting ensures that the content is presented in a logical and coherent manner. It helps convey complex ideas or information in a structured and clear way, making it easier for the audience to understand and comprehend the intended message.
4. **Relevance and Appropriateness**: The format and visual presentation of the text should align with the type, audience, and context of the communication. Different formats, such as reports, presentations, emails, or social media posts, require different approaches to effectively convey the intended message and cater to the specific audience's needs and preferences.
5. **Professionalism and Credibility**: A well-formatted and visually appealing text reflects professionalism and attention to detail. It adds to the credibility of the content and the author, creating a positive impression and establishing trust with the audience.
In summary, the format and visual presentation of text play a crucial role in ensuring readability, engagement, clarity, relevance, and professionalism. By carefully considering the format and visual elements, writers can effectively communicate their message, cater to their audience's preferences, and achieve the desired impact in various contexts.
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Define the word extractive!
Thanks!
Pleasing or appealing to the senses
BRUH THIS THING LOGGED ME OUT WHAT IS GOING ON
Answer:
?????????????
Explanation:
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How are scarcity and the laws of supply and demand connected?
Answer:
Scarcity and supply and demand are connected because they determine how much the product costs. First of all, scarcity describes supply. If a product is scarce and demand is high, the supplier would raise the costs for the product, but if there is plenty of supply, and low demand, the supplier would decrease the costs.
You write a short story, but you want to make sure your work is protected before you post it online. What should you do to help protect your copyright? (Site 1)
Answer:
You can add the Copyright symbol. And write a notice below your work saying that if a person has to copy or copy-and-change your work, they should contact you or something. Make sure you leave you email [If you wanna.] And if you see your work any where else, just report the person or talk it out with them.
Explanation:
What economic concept is applied in this statement?
By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others.
A.
equilibrium
B.
law of demand
C.
law of supply
D.
negative externality
E.
positive externality
Reset Next
By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others. The economic concept which is applied in this statement is a positive externality.
What are skills?Skills refer a set of qualities or abilities an individual carries in order to complete the task. These skills represent the expertise of any individual in terms of knowledge and talents.
When these skills are learned along with the higher level of education it creates an add-on for the career. These skills include communication skills, problem-solving skills, critical thinking, leadership qualities, and so on.
Therefore, option E positive externality is the correct option for the given statement.
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Money needed to operate a business
Answer:
According to the U.S. Small Business Administration, most microbusinesses cost around $3,000 to start, while most home-based franchises cost $2,000 to $5,000. While every type of business has its own financing needs, experts have some tips to help you figure out how much cash you'll require
Explanation:
fill in the blank. in a(n) ______ swap, businesses, banks and/or the government choose to move out of one currency into another for a limited period without incurring foreign exchange risk.
In a(n) "currency swap," businesses, banks, and/or the government choose to move out of one currency into another for a limited period without incurring foreign exchange risk.
A currency swap is a financial instrument where two parties agree to exchange a specific amount of one currency for another at a pre-determined rate. This exchange occurs at the inception of the swap, and the parties agree to reverse the transaction at a future date.
Currency swaps are commonly used by businesses, banks, and governments to manage their exposure to foreign exchange risk. By engaging in a currency swap, entities can effectively mitigate the risks associated with fluctuations in exchange rates between two currencies.
The swap allows them to temporarily convert their holdings in one currency into another, which can be advantageous when operating in international markets or managing international transactions.
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