The start-up you work for is trying to grow revenue as quickly as possible in order to attract additional investment. Two executives are arguing over how best to achieve this. Delia, who manages production, says we need to ramp up output and sales because every additional unit sold is extra dollars in revenue. Domingo, who manages marketing, is not convinced and thinks that too quick an expansion could force the company to cut prices to where revenue actually no longer increases with additional sales. Given your reputation as the cool head in the room, each turns to you for support. You explain that, in economics, there is a measure of changes in revenue called marginal revenue. Since the company has estimated its demand to be Q = 280 -0.5P, you are able to calculate marginal revenue, and clarify that:
A. Domingo is right, additional sales can eventually decrease revenue; marginal revenue is zero for this start-up when sales are equal to 140.
B. Domingo is closer to the truth than Delia, although both have it wrong. Marginal revenue is always negative, since we have to charge less the more we sell. Say, we sell 100 units, then marginal revenue is a reduction by $10.
C. Delia is right, additional sales always increase revenue, since marginal revenue is always greater than zero. For instance, when sales are 140, our marginal revenue is $70.
D. Although Delia is right that revenue always incrases, with additional sales, the additional money earned gets smaller and smaller the more we produce. In this sense, Domingo is nearly correct, but not quite. Case in point: when sales are 100, our marginal revenue is only $2.

Answers

Answer 1

The calculation of marginal revenue clarify that Delia is right, additional sales always increase revenue, since marginal revenue is always greater than zero. (The correct answer is C).


In economics, marginal revenue is the measure of change in revenue when one additional unit is sold. For the start-up in question, the demand is estimated to be Q = 280 - 0.5P, where P is the price. This means that when one additional unit is sold, the revenue increases by an amount determined by the equation, which is always greater than zero. Therefore, additional sales always increase revenue.

As an example, when sales are 140, the marginal revenue is $70. This means that when an additional unit is sold, the revenue increases by $70. In conclusion, additional sales always increase revenue, since marginal revenue is always greater than zero, therefore the correct answer is C.

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Related Questions

Explain with details, and at least one appropriate example of
the types of Intellectual Property Infringement.

Answers

Intellectual property infringement is the unauthorized use of another person's creative work, such as patents, trademarks, copyrights, or trade secrets.

The following are some examples of intellectual property infringement:

Copyright infringement. Copyright infringement refers to the use of someone's original work without their consent. This can take a variety of forms, such as reproducing, distributing, or displaying someone else's work without their permission. For example, copying a book and publishing it without the author's permission would be a copyright infringement.

Trademark infringement. Trademark infringement occurs when someone uses a registered trademark without the owner's permission. This can occur when someone uses a company's logo or name without permission, or when a company uses a similar logo or name to another company's trademark. For example, using a similar name or logo to another company's trademark could be considered trademark infringement.

Patent infringement. Patent infringement occurs when someone creates, sells, or uses an invention that has already been patented by someone else. This can take a variety of forms, such as manufacturing a product that infringes on someone else's patent, or using a patented process without permission. For example, making and selling a product that infringes on a patented invention would be considered patent infringement.

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marianne is preparing to give an oral report for her psychology class. her stomach is tight and she perspires when she thinks about giving the report. she describes these feelings as stress. this description focuses on stress as

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Marianne is preparing to give an oral report for her psychology class. Her stomach is tight, and she perspires when she thinks about giving the report. She describes these feelings as stress. This description focuses on stress as a(n) anxiety.

Stress is a reaction to a circumstance that necessitates a response in order to maintain balance. When stress occurs, it causes a variety of physiological and psychological symptoms, including elevated heart rate, sweating, and a sense of tension. Stress can have both beneficial and detrimental impacts on people's health and well-being. It is possible to experience both positive and negative stress, with positive stress serving as a motivator to attain objectives, while negative stress can lead to sickness and anxiety. Symptoms of stress include:

Increased heart rateHigh blood pressureDigestive system problemsDepressionHeadachesInsomnia

Marianne's condition upon delivering an oral report thus indicates the presence of anxiety.

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There are two fishermen (Fisherman A and FisheremanB) who share common access to a pond. The fishermen must each decide how many hours per day (DA and DB), they will spend fishing.
The utility functions for each fishermen are below where LA and LB represent the pounds of fish the fishermen catch from the pond:
uA = LA − 1/2 (DA)2
uB = LB − 1/2 (DB)2
The pounds of fish caught by each fishermen are represented by the production functions below with θ representing technology used for fishing and ψ representing the size of the external effects the fishermen exert on each other:
LA = θ(1 − ψDB)DA
LB = θ(1 − ψDA)DB
Assume DA and DB are bound between 0 and 1, ψ > 0, and θψ < 1
Draw a graph to show that the purely self-interested uncoordinated Nash Equilibrium is not Pareto Efficient. Use three indifference curves for each fisherman and show the uncoordinated Nash equilibrium, the Pareto Improving Lens, the correct intercepts for the best response functions and the Pareto Efficient Equilibrium.

Answers

The green arrows indicate the best response functions for each fisherman, with the coordinates of the Nash Equilibrium marked with a blue circle.

What is green arrows?

Green Arrow is a fictional superhero appearing in comic books published by DC Comics. He is the alter ego of Oliver Queen, a wealthy playboy and owner of Queen Industries, who is also a well-known archer and athlete. Green Arrow has been a key member of the Justice League and has also been a member of the Outsiders and the Justice Society of America. He is renowned for his skill with a bow and arrow and his use of trick arrows.

The Nash Equilibrium is not Pareto Efficient because both fishermen can improve their payoffs if they coordinate their actions. For example, if Fisherman A reduces their hours fishing from the Nash Equilibrium level of DA = 0.5 to a lower level of DA = 0.25, then Fisherman B would respond by increasing their fishing hours from the Nash Equilibrium level of DB = 0.5 to a higher level of DB = 0.75. This shift in fishing hours would result in a higher payoff for both fishermen, as the Pareto Improving Lens shows.

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Mexice's oil market set to open to foreign investment In a recent move, Mexico has opened up its oil and gas market to foreign investors. In 1938 Mexico was the first major oil producer in the world to nationalize its oil industry, and so this decision marks a historical shift in the country's history. In 1982, former president Miguel de la Madrid began a process of development to move away from the previous closed economy and to increase trade opportunities and business exehanges with other nations. However, even after the 1994 North American Free Trade Agreement led to liberalization of the economy, oil remained as a last bastion of the era. This latest move will mean that the nationalized oil and gas market, currently run by Pemex will change to become an environment where private companies can search for and produce oil and natural gas. Foreign corporations will also be able to open up petrol stations, previously unheard of in the country. Investors wishing to step into the oil market must do so under contract with the Mexican government, and will pay taxes and royalties. In retum they bave control of the oil that comes out of the well. The Mexican state still retains ownership of the oil remaining underground. One of reasons for the shift is that Pemex no longer has the capital or know-how to extract the remaining reserves, especially in the high potential but difficult to reach waters in the Gulf of Mexico, and the shale-rock between Texas and northern Mexico. One of the problems is that no one knows how much oil is there. The nation's oif production is now just above 2.5 million barrels a day, a decrease of 25 percent since its peak in 2004 . Pemex has spent the last decade continuously increasing its spending for diminishing retums. The decision to open up the market has its risks. The increased investment from the keen foreign corporations may lead to a rise in the value of the Mexican Peso and undercut the rise in exports from cheaper gas. Corruption, already a problem in the country, may also be exacerbated. One important issue to be ironed out is how this industry is to be regulated. Until now, Pemex has largely regulated itself, and does not have a very good reputation. Future plans for regulation have to be seen to be just and transparent, and many issues are still not resolved. One of the points that still need to be clarified includes the mechanism for deciding on the priority for development of oil and gas blocs. The second is a decision on the contract model; will it be profit-sharing, production-sharing of concessionlike licenses? These are all issues that the Energy Ministry, the agency in charge, will have to decide and communicate on as soon as: possible. The social impact of this decision cannot be overstated. Children learnt at school that oil nationalization was a symbol of its independence from foreign countries, notably its powerful neighbor the U.S. Coupled with this is the widespread cynicism about where the revenue will go. The oil revenue paid for 40 pereent of Mexico's public spending, and there is a worry that this will disappear into foreign pockets and corrupt officials' bank accounts. Mexicans still remember what happened when its banks and telephone companies were privatized. They still pay substantially more for credit and phone service than their Latin American neighbors, and they fear that the same will be so for gas in the future. In spite of this, some of the population is cautiously waiting to see the results. If this move leads to an improvement in the standard of living, particularly of the poorer citizens, and if there is higher foreign investment in the national infrastructure it could tum out to be a win-win situation. Both the Mexican state and foreign investors hope to benefit, and it could be an opportunity not to be missed for the U.S. to become energy independent in the future. Questions
Q1. Discuss how Mexico's economy and society can benefit from the opening up of the oil industry to foreign investors?
Q2. What are the risks for Mexico and for potential investors?
Q3. What can be put into place to ensure that this process is seen as legitimate by Mexican citizens?

Answers

Mexico, Texas' main trading partner, is opening the majority of its oil and gas (O&G) reserves to private development for the first time since nationalizing its energy output in 1938.

Mexican oil businesses were nationalized for what reason?

In reaction towards the oil corporations' rejection of a Supreme Court ruling in a labor dispute, President Cárdenas nationalized the sector. Due to the fact that the U.S. businesses' Mexican holdings were made up of expensive decreasing fields, companies had nothing to lose in the fight.

Why is the Mexican economy dependent on oil so much?

Taxation and other direct subsidies from Petróleos Mexicanos (Pemex), the national oil firm, provide for 35% of all federal revenue in Mexico. The third-largest exporter of raw petroleum to the United States is México.

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Responsible ways in which a municipality could reach out to communities that are negatively affected by violent protests

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Responsible ways in which municipalities could reach out to communities that are negatively affected by violent protests include establishing a community task force and providing resources and support.

Establishing a community task force: A task force made up of community members, law enforcement, and local government officials can be established to address concerns and find solutions to the issues that led to the protests.

Providing resources and support: Municipalities can provide resources and support to those affected by the protests, such as counseling services, emergency housing, and financial assistance.

Hosting community meetings: Municipalities can organize town hall meetings or community forums to give residents an opportunity to express their concerns and suggest ways to address them.

Encouraging peaceful protests: Municipalities can encourage peaceful protests and work with community leaders to ensure that they are conducted safely and lawfully.

Addressing the root causes of protests: Municipalities can work to address the underlying issues that led to the protests, such as systemic racism, economic inequality, and lack of access to education and healthcare.

By taking these responsible actions, municipalities can build trust with affected communities and work towards finding long-term solutions to the issues that led to the protests.

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kunal went to a fundraiser, and the organizers gave them a coffee mug when they arrived. later they felt closer to the organizers and contributed generously to the cause. what might be occurring in this scenario?

Answers

As a result, Kunal felt more inclined to contribute generously to the cause. Reciprocity is a powerful tool in fundraising, marketing, and other forms of persuasion because it creates a sense of obligation that can motivate people to take action.

This scenario illustrates the psychological principle of reciprocity. Reciprocity is the social norm that suggests that when someone gives us something, we feel obliged to give something in return. In this case, the organizers of the fundraiser gave Kunal a coffee mug, which created a sense of indebtedness or obligation. . In this case, the organizers provided a gift to Kunal, which created a feeling of indebtedness or gratitude. As a result, Kunal was more likely to contribute generously to the cause, as a way of reciprocating the initial positive action. Reciprocity is a powerful social influence that can be observed in many different contexts, including marketing, fundraising, and interpersonal relationships.

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"Debate the following: Trainees, and only trainees, are responsible for the transfer of training, and they should be held accountable for applying on the job what they learn in training." Agree or disagree and why?Answer/opinions should be based on CANADIAN laws and requirements ONLY.

Answers

In Canada, there is a labor regulation called the "Training and Development Regulations" which establishes that both the employer and the employee have responsibilities for the training and development of job skills.

First, it is important to note that the employer has a responsibility to provide a safe and healthy work environment, including the necessary training so that employees can perform their tasks safely and effectively.

On the other hand, employees also have a responsibility for training and skill development. They must actively participate in training programs and apply the acquired knowledge and skills in their daily work.

In conclusion, both the employer and the employee have responsibilities in the training and transfer of skills. While it is true that employees are responsible for applying what they learn in training to their jobs, it is important for the employer to provide a safe and healthy work environment and ensure that the training is related to the employees' job duties.

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Even though many people consider it a routine medical procedure, Jehovah’s Witnesses believe that blood transfusions are prohibited by the Bible, and they do not accept blood transfusions or donate their own blood. They believe that blood is sacred and that it represents life. They think that they are respecting the life that God has given them by refusing transfusions, even in life-threatening situations.

What type of statement is this?

-emic

-ethnocentric

-a false statement

-etic

Answers

This is an etic statement because it provides an objective, outsider perspective on the beliefs and practices of Jehovah's Witnesses regarding blood transfusions.

It does not make a judgment about the validity or accuracy of their beliefs, but simply describes them and the reasoning behind them. The statement acknowledges that while blood transfusions may be considered routine by many, Jehovah's Witnesses have a unique perspective on the matter based on their religious beliefs. The statement also acknowledges that Jehovah's Witnesses refuse blood transfusions, even in life-threatening situations, as an act of respect for the sanctity of life according to their interpretation of the Bible.

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what are the three basic questions that any society must answer?
- How much will be produced? When will it be produced? How much will it cost?
- What will the price of each good be? who will produce each good? Who will consume each good?
- What is the opportunity cost of production? Does the society have a comparative advantage in production? Will consumers desire the goods being produced?
- What goods will be produced? How will the goods be produced? For whom will the goods be produced?
- What goods will be produced? Where will goods be comsumed? when will each good be consumed?

Answers

The three basic questions that any society must answer are: What goods will be produced? How will the goods be produced? For whom will the goods be produced? Hence, the correct option is (D).

The modern economic question or problem is how to allocate resources in a way that ensures maximum benefit for society. This problem is based on the fact that resources are limited while human wants are infinite, and hence it becomes difficult to distribute them effectively. Therefore, the primary goal of economics is to find ways to allocate these resources in such a way that the maximum number of people benefit. This involves a trade-off between different alternatives, and economists use various models to analyze these trade-offs and determine the most efficient way to allocate resources. The modern economic questions are what goods will be produced, how will the goods be produced, and for whom the goods be produced?

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The employment rate shows how successful an economy is at creating opportunities to sell labor. shows how successful an economy is at efficiently using its human resources. shows that an economy is not efficient, because it is not able to put all its productive human resources to work. both the first and second answers. Question 3 ( 2 points) Which of the following best describes the typical financial situation of a young adult? Income is increasing, but so is spending. You now have assets and dependents you may wish to protect. More likely to have small income needs, especially if you haven't started a family.

Answers

The best description of the typical financial situation of a young adult is income is increasing, but so is spending. Young adults tend to have a larger income than when they were younger, but they also have more financial responsibilities like rent, bills, and other obligations.

They also may have assets and dependents that they need to protect, such as children or other family members.

The employment rate shows how successful an economy is at creating opportunities to sell labor AND shows how successful an economy is at efficiently using its human resources. This question asks about what the employment rate shows, and both of these options are accurate statements about what the employment rate can indicate.


The typical financial situation of a young adult is that income is increasing, but so is spending. This option accurately describes how the financial situation of a young adult is likely to evolve as they start earning more money but also have more expenses and financial responsibilities. The other options are less likely to be true for most young adults.

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A flect manager must choose between two trucks to purchase for a company's fleet. The company uses an interest rate of6%and will keep either truck for 4 years. TruckAcosts$29,000and has a market value of$17,000after 4 years. Truck B costs$32,000and has a market value of$23,000after 4 years. Determine the present worth of costs (PWC) for the truck the fleet manager should buy. Express your answer as a positive number is $ to the nearest $10.
____________

Answers

The present worth of costs (PWC) is the cost of an investment today, given a certain rate of return. To calculate the PWC, we use the formula PWC = FV/(1+r)^n, where FV is the future value of the investment, r is the rate of return, and n is the number of years the investment is held.

What is investment?

Investment is the act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit. It involves the purchase of assets such as stocks, bonds, real estate, mutual funds, commodities, currencies, and cryptocurrencies in an effort to gain a financial return. Investment also involves the reinvestment of income or profits from the sale of an existing asset. Investment is an important part of personal finance and business finance, as it helps to increase an individual's or business' wealth. Investment strategies vary depending on the investor's risk tolerance, objectives, and timeframe, as well as market conditions.

For Truck A, the PWC = 17,000/(1+0.06)^4 = $23,400

For Truck B, the PWC = 23,000/(1+0.06)^4 = $30,500

Therefore, the fleet manager should buy Truck B, as it has the lower PWC of $30,500.

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Today, most places in the world have adopted the practice of beginning the new day at:

PLSSSS ANSWER

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Today, most places in the world have adopted the practice of beginning the new day at midnight.

Why do midnight start the brand new day?

The last moment of a given day occurring before the start of the next day is referred to as midnight. A date of 'Midnight on December 31, 2016', for example, would mean the last moment after 11:59:59pm on December 31, 2016 before the date becomes January 1, 2017.

The reason that a new day begins at 12:00 a.m. can be traced back to ancient Egypt, when the day was measured using sundials. The time is indicated by the shadow on the face of a sundial, which changes depending on where the sun is in the sky. "Noon is when the sun is directly overhead and the shadow extends straight up to the top of the sundial."

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__________, which appear most often in reports, are an effective tool for highlighting information and improving readability because they encourage the writer to group similar material together and help readers separate majoy ideas from details.

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Headings, which appear most often in reports, are an effective tool for highlighting information and improving readability because they encourage the writer to group similar material together and help readers separate majoy ideas from details.

Headings are an effective tool for highlighting information and improving readability because they encourage the writer to group similar material together and help readers separate major ideas from details.

Headings also make a document look more organized and can provide an overview of the content in a report.

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Instructions: Type in the amount of a tax, and click Supply or Demand to choose whether the tax is imposed on sellers or on buyers. Then move the Demand or Supply sliders to change the elasticities of supply and demand. Adjust the elasticity of demand so that the vertical intercept is $90. Adjust the supply elasticity so that the vertical intercept of the supply curve is $30. Turn on the "Surplus Measures" switch above the graph to help you visualize surplus and answer the following question: a. Calculate the revenue the government would earn in this market from a $7.50 excise tax on suppliers. (Report your answer to the nearest whole dollar.) b. How much more will consumers end up paying per unit if the government imposes a $7.50 tax? $ (Report your answer to two decimals places. If consumers pay less, include a negative sign.) C. After paying the $7.50 tax, how much revenue do sellers keep per unit sold (you might call this "net revenue from sales" or "revenue, net of tax")?

Answers

The net revenue from sales for sellers is $35 per unit sold.

a. The revenue the government would earn in this market from a $7.50 excise tax on suppliers is $225.b. If the government imposes a $7.50 tax, consumers will end up paying $2.75 more per unit.c. After paying the $7.50 tax, the net revenue from sales for sellers is $47.50.Type of tax imposedThe amount of tax imposed is $7.50. The tax is imposed on suppliers. From the question, we know that the vertical intercept of the supply curve is $30. Hence, the supply curve equation is:p = 7.5 + 0.25q.The vertical intercept of the demand curve is $90. Therefore, the demand curve equation is:p = 90 − 0.5q.

b. To calculate the revenue the government would earn in this market from a $7.50 excise tax on suppliers, we need to find the quantity supplied and quantity demanded at the point of intersection before and after the tax is imposed. The point of intersection of the supply and demand curves before the tax is imposed is given by:90 − 0.5q = 7.5 + 0.25q⇒0.75q = 82.5⇒q = 110Therefore, the equilibrium price is:p = 90 − 0.5q = 90 − 0.5 × 110 = $35Before the tax is imposed, the quantity traded is 110 units. After the tax is imposed, the new quantity demanded and supplied at the new equilibrium price of $42.50 (35 + 7.5) can be calculated as follows:90 − 0.5q = 42.5 − 0.25q⇒0.25q = 47.5⇒q = 190Therefore, the new quantity traded is 190 − 110 = 80 units. Hence, the government revenue from the tax is:Revenue = $7.5 × 80 = $600

Therefore, the government would earn $600 in this market from a $7.50 excise tax on suppliers. The quantity demanded by the consumers and the quantity supplied by the producers will decrease after the tax is imposed. The amount of tax is shared between the consumers and the producers. To calculate how much more the consumers will end up paying per unit, we can calculate the change in the equilibrium price: Initial equilibrium price = $35New equilibrium price = $42.5Increase in price = $7.5After the tax is imposed, the price paid by the consumers will increase by $2.75 per unit. Therefore, the consumers will end up paying $37.75 per unit (35 + 2.75).

c. To find out how much revenue the sellers keep per unit sold after paying the tax, we can calculate the new equilibrium price after the tax is imposed. The quantity demanded and supplied at this price will be equal. The supply curve equation is: p = 7.5 + 0.25qThe quantity supplied at the new equilibrium price of $42.50 is:

7.5 + 0.25q = 42.5

⇒0.25q = 35

⇒q = 140

The new equilibrium price is $42.50, and the quantity traded is 140. Hence, the revenue earned by sellers is: Revenue = 140 × $42.5 = $5,950The revenue net of tax is calculated as:

Revenue net of tax = $42.50 − $7.50 = $35

Therefore, the net revenue from sales for sellers is $35 per unit sold.

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Suppose that the government imposes a producer tax. That is, the firm pays t units of consumption goods to the government for each unit of output it produces. Determine the effect of this tax on the firm’s demand for labor.

Answers

The imposition of a producer tax will affect the firm's demand for labor. The tax will increase the cost of production, which means the firm will need to produce fewer units of output to remain profitable.

This will lead to a decrease in demand for labor, since fewer workers will be needed to produce the reduced output. The decrease in labor demand may be further exacerbated if the firm passes on some of the cost of the producer tax to consumers in the form of higher prices.

In this case, the firm may need to produce even fewer units of output to remain profitable, leading to an even greater decrease in labor demand. In summary, the imposition of a producer tax will likely lead to a decrease in the firm's demand for labor.

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Can someone answer this question

Why is the Tripitaka Koreana considered one of highest achievements of Korean culture?

Responses

A) The book completely broke away from traditional artistic conventions.The book completely broke away from traditional artistic conventions.

B) The book’s author founded Korea’s best-known Buddhist monastery.The book’s author founded Korea’s best-known Buddhist monastery.

C) The book is a masterpiece of woodblock engraving and printing.The book is a masterpiece of woodblock engraving and printing.

D) The book is the first sacred text shared by Confucianism and Buddhism.The book is the first sacred text shared by Confucianism and Buddhism.

Answers

Answer:

C) The book is a masterpiece of woodblock engraving and printing. The book is a masterpiece of woodblock engraving and printing.

Explanation:

Pls tell me if I got it wrong:)

Hope it helps!

Fill blanks:
The sum of all payments for fixed inputs is ( ).
The sum of all payments for variable inputs is ( ).
The sum of all payments for all inputs is ( ).
The change in total cost divided by the change in output is ( ).

Answers

The sum of all payments for fixed inputs is fixed costs.

Is value of inputs a constant cost?

Fixed charges (FC) are incurred unbiased of the great of goods or services produced. They include inputs (capital) that cannot be adjusted in the brief term, such as buildings and machinery. Fixed expenses (also referred to as overhead costs) tend to be time related costs, together with salaries or monthly rental fees.

Total fixed charges are the sum of all consistent, non-variable fees a organisation should pay. For example, think a corporation leases office space for $10,000 per month, rents machinery for $5,000 per month, and has a $1,000 month-to-month utility bill. In this case, the company's whole constant fees would be $16,000.

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overuse of intensifiers sounds unprofessional. which one of the following sentences best controls exuberance? i am definitely certain that he will absolutely love the gift. i am certain he will like the gift.

Answers

The sentence that best controls exuberance and avoids the overuse of intensifiers is "I am certain he will like the gift." This sentence is concise, professional, and avoids the use of unnecessary intensifiers like "definitely" and "absolutely."

Intensifiers are adverbs or adverbial phrases that strengthen the meaning of other expressions and show emphasis. Words that we commonly use as intensifiers include absolutely, completely, extremely, highly, rather, really, so, too, totally, utterly, very and at all: She was so upset. I felt extremely sorry for her. Intensifiers are adverbs. The most common intensifiers are "very," "extremely," and "incredibly." The sole purpose of an intensifier is to tell us about the intensity of another word.

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Using the economist's definition, to say that the amount of crime control is efficient means that
A. Group of answer choices the crime rate is approximately zero.
B. Few false arrests occur. t
C. The marginal benefit of the last dollar spent on crime control equals the marginal cost.
D. The conviction rate is nearly 100%.

Answers

Using the economist's definition, to say that the amount of crime control is efficient means that the marginal benefit of the last dollar spent on crime control equals the marginal cost. Thus, the correct option is C.

What is economics?

Economics is the social science that examines how individuals, governments, organizations, and countries use scarce resources to meet their limitless wants. Economists evaluate how incentives affect choices and use quantitative methods, models, and data analysis to predict and interpret events. Economists also research microeconomics and macroeconomics. Economic efficiency is a state in which resources are used to create the greatest possible satisfaction for people, often measured as consumer surplus and producer surplus. Economic efficiency is divided into two categories: efficiency in production and efficiency in allocation. The latter of which implies that the marginal benefit of a good or service equals its marginal cost, while the former implies that goods are being made at the lowest possible cost.

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Profit regulation of a natural monopoly is achieved where:
Select one:
a. MR = minimum ATC
b. MR = MC
c. P = ATC
d. P = MC

Answers

Profit regulation of a natural monopoly is achieved where MR = MC and P = MC. The correct option is d.

Profit regulation is a regulatory policy that attempts to restrict the level of earnings that a company can earn. This is accomplished to ensure that companies do not engage in monopolistic behavior, which could harm competition and consumers.

What is a natural monopoly?A natural monopoly is a situation in which a single firm controls the entire market due to high barriers to entry. Natural monopolies, for example, may arise when a firm has control over a critical input needed to produce a particular product or service.

The monopolist will maximize profits by producing at a level where marginal revenue equals marginal cost, as with any other firm. The natural monopolist, on the other hand, is not constrained by any competition, and will therefore charge a higher price than its marginal cost in order to increase profits.

To prevent a natural monopoly from earning excessive profits, regulatory authorities will employ various approaches to keep the company's profit in line with its actual costs. Profit regulation is one of these methods.

As previously stated, profit regulation is a method of regulating the level of income that a business can make in order to prevent it from engaging in monopolistic conduct, which could damage competition and consumers.MR = MC and P = MC, both are effective methods of regulating natural monopolies.

A natural monopoly that has been profit-regulated will have a limit on its profit margins. The maximum price the company may charge will be set at a level that is equal to its marginal cost, which is determined by the P = MC formula.


Hence, d. is the right option.

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If a consumer prefers Apples to Bananas and prefers Bananas to Citrus Fruit, in order to satisfy assumptions about preferences, she has to prefer
a. Citrus Fruit to Bananas.
b. Citrus Fruit to Apples.
c. Bananas to Apples.
d. Apples to Citrus Fruit.

Answers

The consumer must prefer "Citrus Fruit to Apples" to satisfy assumptions about her preferences. Thus, Option D is correct.

The question implies that the consumer has a transitive preference relation, meaning that if she prefers Apples to Bananas and Bananas to Citrus Fruit, then she must prefer Citrus Fruit to Apples in order to satisfy the transitive property. This is because if she preferred Apples to Citrus Fruit, it would violate her preference for Bananas over Citrus Fruit.

The consumer's preference for Bananas over Citrus Fruit and Apples over Bananas creates a preference cycle that violates the transitive property. To resolve this, the consumer must prefer Citrus Fruit over Apples to satisfy the transitive property. This is the only option that maintains a consistent and transitive preference relation.

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similarly dr. gawande examined the case of a care facility in la cross, wisconsin.what did they change? what were the two major findings of this study?

Answers

Dr. Gawande examined the case of a care facility in La Crosse, Wisconsin to see what modifications were made.

Two important findings were revealed by this research of Gawande; the first was that the number of patients who had a doctor’s order on their charts limiting the degree of care they were willing to receive near the end of their lives doubled in a year, and the second was that the number of individuals who died in hospitals decreased by nearly 10% as a result of the program that was implemented.

The two significant changes that were made to improve end-of-life care in La Crosse, Wisconsin are as follows:

1. They established the Respecting Choices program, which educated healthcare providers on how to discuss end-of-life care preferences with patients and families. This resulted in a greater number of patients' and families' end-of-life choices being incorporated into their care plans. As a result, the number of individuals who died in hospitals dropped significantly as a result of this program.

2. They made use of "Physician Orders for Life-Sustaining Treatment" (POLST) forms, which are designed to better record patients' end-of-life preferences and decisions. This resulted in twice as many patients having a doctor's order on their charts limiting the degree of care they were willing to receive near the end of their lives. As a result, the number of time patients spent in intensive care units (ICUs) near the end of their lives was reduced.

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A vartable contract prospect very concemed about the impact of infation upon retirement income would probabty consider purchasing
A) a variable annuly because annuity units may likely provide for an increase in monthly beneft paympts when actual returns exceed those based on the assurncd interest rate
B) a varible tiniversat ife contract because ft would be guaranteed to provide the largest monthly payment
C) an annuity contract featuning a general account option
D) an annuity with a fixed-rate separate account

Answers

If a variable contract prospect is concerned about the impact of inflation on retirement income, he or she is likely to purchase an annuity contract. Therefore, alternative A. is correct.

Variable annuities are insurance contracts that allow investors to allocate funds into different investment options, such as stocks, bonds, and mutual funds. The value of the annuity units fluctuates based on the performance of the underlying investments.

Therefore, a variable contract prospect who is concerned about the impact of inflation on retirement income would likely consider purchasing a variable annuity, as it offers the potential for increasing monthly benefit payments if the underlying investments perform well.

In conclusion, alternative A. a variable annuly because annuity units may likely provide for an increase in monthly beneft paympts when actual returns exceed those based on the assurncd interest rate is correct.

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Can someone answer this question
Which describes literature during the Goryeo dynasty?

Responses

A) It was controlled by rulers that would not tolerate any religion except Confucianism.It was controlled by rulers that would not tolerate any religion except Confucianism.

B) It included books on history, sacred texts, and legends by both Buddhist and Confucian scholars.It included books on history, sacred texts, and legends by both Buddhist and Confucian scholars.

C) It was mostly the domain of Chinese-born monks and scholars sent to Korea by the Tang dynasty.It was mostly the domain of Chinese-born monks and scholars sent to Korea by the Tang dynasty.

D) It contained very little poetry or drama but was focused on history, philosophy, and religious teachings.

Answers

The statement that describes literature during the Goryeo dynasty is  It included books on history, sacred texts, and legends by both Buddhist and Confucian scholars. Option B

What is the  literature during the Goryeo dynasty about?

Literature during the Goryeo dynasty (918-1392) in Korea was characterized by a rich blend of both Buddhist and Confucian traditions.

During this time, books on history, sacred texts, and legends were written by scholars from both Buddhist and Confucian backgrounds. The Goryeo dynasty also saw the development of various forms of poetry, such as sijo, and the production of historical records, including the Samguk Sagi (History of the Three Kingdoms) and the Dongguk Isanggukjip (Anthology of Korean Literature).

Therefore, the literature of this period reflects the intellectual and cultural exchange between Korea and China, and it is considered an important era for Korean literature and culture.

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Explain two Catholic responses to non-religious attitudes to creation.

pls answer thiss!!

Answers

Explanation: Catholics read the stories of creation in a symbolic way, believing that they reveal some important things about the nature of the world and humanity. Pope John Paul II stated that Catholic belief and science are compatible. The theory of evolution can be accepted as part of God's plan for the universe.

a) With the help of case laws discuss the consequences of
incorporation
b)define the lifting of the veil and in detail with examples
explain the judicial and statutory lifting of the veil.

Answers

A) Consequences of Incorporation can be discussed in Salomon v Salomon & Co. Ltd. (1897) and Lee v Lee’s Air Farming Ltd. (1960). B) The lifting of the veil refers to the process by which the shareholders, directors, or the person behind the company are liable for the actions or debts of the company. In judicial lifting of the veil the court ensures that justice is done and in statutory the law disregards the separate legal personality of a company.

Incorporation of a business entity has many advantages, such as separate legal status, limited liability, perpetual succession, transferability of ownership, capacity to contract and many more. However, incorporation also has some legal consequences, as explained in the following case laws:

1. Salomon v Salomon & Co. Ltd. (1897) - This case established the principle of 'separate legal personality' in the eyes of the law. This means that the company and its shareholders are considered to be two distinct legal entities, with the shareholders being separate and distinct from the company.

2. Lee v Lee’s Air Farming Ltd. (1960) - This case determined that the shareholders of a company can’t take advantage of their separate legal status to evade their liability. In this case, the court refused to allow a shareholder of a company to escape liability for wrongful acts of the company on the basis of his separate legal status.

B) Definition and Examples of Lifting the Veil:

The lifting of the veil refers to the process by which a court disregards the separate legal entity of a company, and instead treats the shareholders, directors, or the person behind the company, as liable for the actions or debts of the company. There are two ways in which the veil can be lifted - judicial and statutory.

Judicial Lifting of the Veil: The court lifts the veil in order to ensure that justice is done, such as in the case of fraud, misrepresentation, and evasion of legal obligations. Some examples of judicial lifting of the veil include:

1. Jones v Lipman (1962) – In this case, the court lifted the veil in order to prevent a man from escaping his legal obligation to pay an agreed sum to the seller of a property.

2. DHN Food Distributors Ltd v Tower Hamlets LBC (1976) - In this case, the court lifted the veil in order to prevent a company from avoiding paying the rent for a commercial property.

Statutory Lifting of the Veil: This is when the law disregards the separate legal personality of a company, either to impose a legal obligation or to prevent a person from avoiding liability for their actions. Examples of statutory lifting of the veil include:

1. In the UK, the Companies Act 2006 and the Insolvency Act 1986 both state that a company’s directors can be held liable for the company’s debts, if the company is unable to pay.

2. In the US, the Sarbanes-Oxley Act 2002 requires corporate officers to certify the accuracy of their company’s financial statements, making them personally liable if the statements are found to be false.

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the preference for deaf people to congregate with other deaf people who share cultural values and have a common language has less to do with any kind of disability and is actually akin to

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The preference for deaf people to congregate with other deaf people who share cultural values and have a common language has less to do with any kind of disability and is actually akin to the way in which people of different races or nationalities tend to socialize together.

Deaf people have their unique cultural values, which are shared by members of their community. They have a common language, sign language, which is used to communicate with one another. Sign language is not universal, but different regions have their sign language systems. As a result, deaf people may not be able to communicate with those who use a different sign language system. This difference in language limits their communication with the hearing community, as well as their participation in hearing society. This difference in communication causes a sense of isolation, which can be overcome by finding a community that shares a common language. Sign language and deaf culture play an essential role in the deaf community's identity. They are crucial to deaf people's lives and their socialization. Deaf people have the same needs and desires as hearing people, which include socialization and the need for a sense of belonging. They want to feel valued, respected, and included in their community. They tend to congregate with other deaf people who share their values and have a common language. This allows them to interact with each other, share experiences, and develop friendships that last a lifetime.

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when gabriela explained to audience members the feeling of isolation, she had them imagine life on a deserted island with only animals to talk to. what guidelines for informative speaking did gabriela follow by doing this? multiple select question. she avoided abstractions. she used theory. she provided her own experience to establish credibility. she was creative.

Answers

When Gabriela explained to audience members the feeling of isolation, she had them imagine life on a deserted island with only animals to talk to. what guidelines for informative speaking did Gabriela follow by doing this? multiple select question.

she avoided abstractions. she used theory. she provided her own experience to establish credibility. she was creative.

The correct option is (4) she was creative

What are the guidelines for informative speaking?

The guidelines for informative speaking include:

Avoiding Abstractions - When delivering an informative speech, it is critical to avoid abstractions. Abstractions are concepts that are too general or too broad to be easily grasped by the audience. The speaker should use specific language and vivid examples to explain a concept.

Creativity - Informative speeches should be creative. Using various presentation strategies, such as visual aids or engaging stories, can make the speech more interesting and memorable.

Establishing Credibility - The speaker must establish his or her credibility. To gain the audience's confidence, the speaker must provide evidence that they are knowledgeable about the subject. One method is to use personal experience or references to outside sources to demonstrate their expertise in the field.

Thus, Gabriela followed the guidelines for informative speaking by avoiding abstractions, being creative, and providing her own experience to establish credibility.

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Your mother is confined in a hospital and must undergo an urgent surgery. However, your family is financially short. On your way back to the hospital, you have seen a lady running to the same hospital, crying, calling by her cellphone, and dropped her small bag unconsciously. You notice that the small bag has a lot of money in it. With your assumption, it amounts to 100 thousand pesos. What will you do?

Answers

I would give the lady the bag back. I'd also inquire about her need for assistance. If she is in a rush and does not have time to speak with me, I would alert a hospital staff member of the situation and give them the bag to return to the rightful owner.

A worker who is a part of a team of workers (especially a member of the staff that works for the President of the United States) synonym: employee. a: an employee. a person employed to carry out a task. If you're referring to a team of individuals within an organization, the proper term is staff. Pam Peters notes that when staff is used as a collective noun, there must be a word to designate each individual employee. Employee and staffer are two frequently used terms. The word "Staff," which refers to a group of people with whom one works, has a military etymology. It thus denotes a "group of officers supporting a general."

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Before fighting the Persians what, does he take for good luck?

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Before fighting the Persians, Alexander the Great is said to have taken a ritual bath in the river Cydnus, which he believed would bring him good luck in battle.

The bath was not just any ordinary bath, but a symbolic gesture that would help him purify his body and soul.

According to the historian Arrian, Alexander also sacrificed animals and offered prayers to the gods before going into battle. He believed that these rituals would help him gain the favor of the gods and ensure his success on the battlefield.

In addition to these rituals, Alexander was also known for carrying with him a copy of the Iliad, a poem about the Trojan War that he believed held valuable lessons for military strategy and leadership.

Thus, Alexander's pre-battle rituals reflect the importance of religious and cultural beliefs in ancient warfare. These rituals were not just superstitions, but an integral part of his worldview and his understanding of his role as a conqueror and leader.

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