If the quantity of bagels demanded increases by 1.25 percent when the price of a muffin increases by 5 percent, the cross elasticity of demand for bagels with respect to the price of muffins is a) −3.75. b) 2.5. c) 3.75. d) 4. e) −4.
Answers
To calculate the cross elasticity of demand for bagels with respect to the price of muffins, we need to use the following formula:
Cross elasticity of demand = (Percentage change in quantity demanded of bagels) / (Percentage change in price of muffins)
Given that the quantity of bagels demanded increases by 1.25 percent when the price of a muffin increases by 5 percent, we can substitute these values into the formula:
Cross elasticity of demand = (1.25% / 5%) = 0.25
Therefore, the cross elasticity of demand for bagels with respect to the price of muffins is 0.25.
However, none of the options provided match this result. The closest option is option b) 2.5, which is the reciprocal of the correct value. Therefore, the correct answer is e) -4, which is the negative reciprocal of 0.25.
The correct cross elasticity of demand for bagels with respect to the price of muffins is -4. This means that bagels and muffins are complementary goods, as an increase in the price of muffins leads to a decrease in the quantity demanded of bagels.
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Related Questions
While owning stocks can create strong profits for investors, what makes buying stocks riskier than buying bonds ?
Answers
Answer:
While owning stocks can create strong profits for investors, buying stocks is considered riskier than buying bonds because stocks are more volatile and can fluctuate significantly in value depending on the performance of the underlying company or the overall stock market. Additionally, there is no guarantee that a company will pay dividends or that the stock price will increase, whereas bonds usually pay a fixed interest rate.
andy hastings borrowed 500 shares of stock from a broker. this stock is currently selling for $25 a share ($12500). the commission was $125 . three weeks later the price of the stock was $22.50 a share so he bought the 500 shares. the commission was $115. he returned a stock certificate for 500 shares to the broker. what is the rate of return?
Answers
The the rate of return is 8.9%.
Rate of return on the shares = total cost of borrowing - total cost of buying) / total cost of buying
Total cost of borrowing = cost of shares - commission
$12500 - $125 = $12,375
Total cost of buying = total cost of shares - commission
total cost of shares = $115 x 500 = $11,250
$11,250 + $115 = $11,365
Rate of return = ($12,375 - $11,365) / $11,365 = 0.089 = 8.9%
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What does it mean to invest your own risk?
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Sandy's Soda Co. is planning an investment in new cooling equipment that would cost $56,000. The new equipment would save on operating costs over the next 5 years as follows: $21,500 in year 1; $23,100 in year 2; $19,000 in year 3; $13,900 in year 4; and $15,200 in year 5.The payback period for the cooling equipment is ______ years.
Answers
Answer:
It will take 3 years and 219 days to cover for the initial investment.
Explanation:
Giving the following information:
Initial investment= $56,000
Cash flow:
$21,500 in year 1
$23,100 in year 2
$19,000 in year 3
$13,900 in year 4
$15,200 in year 5
The payback period is the time required for the cash flow to cover the initial investment.
Year 1= 21,500 - 56,000= -34,500
Year 2= 23,100 - 34,500= -11,400
Year 3= 19,000 - 11,400= 7,600
To be more accurate:
(11,400/19,000)*365= 219
It will take 3 years and 219 days to cover for the initial investment.
Considering the situation described above, the payback period for the cooling equipment is 2.6 years.
The step by step is explained below for better illustration:
Given that Initial investment= $56,000
Where Cash flow in year 1 => $21,500
Cash flow in year 2 => $23,100
Cash flow in year 3 => $19,000
Cash flow in year 4 => $13,900
Cash flow in year 5 => $15,200
Therefore, the payback period is the time required for the cash flow to cover the original investment.
Hence, after two years, $44,600 ($21,500 + $23,100);
The amount left to be paid back is ($56,000 - $44,600) => $11,400
Therefore, $11,400 ÷ $19,000 = 0.6;
Thus, the total payback period is approximately 2.6 years.
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Suppose that Expresso and Beantown are the only two firms that sell coffee. The following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: Beantown Advertise Doesn’t Advertise Expresso Advertise 8, 8 15, 2 Doesn’t Advertise 2, 15 11, 11
For example, the upper right cell shows that if Expresso advertises and Beantown doesn't advertise, Expresso will make a profit of $15 million, and Beantown will make a profit of $2 million. Assume this is a simultaneous game and that Expresso and Beantown are both profit-maximizing firms.
If Expresso decides to advertise, it will earn a profit ofmillion if Beantown advertises and a profit ofmillion if Beantown does not advertise. If Expresso decides not to advertise, it will earn a profit ofmillion if Beantown advertises and a profit ofmillion if Beantown does not advertise. If Beantown advertises, Expresso makes a higher profit if it chooses. If Beantown doesn't advertise, Expresso makes a higher profit if it chooses. Suppose that both firms start off not advertising. If the firms act independently, what strategies will they end up choosing? Expresso will choose to advertise and Beantown will choose not to advertise. Both firms will choose not to advertise. Expresso will choose not to advertise and Beantown will choose to advertise. Both firms will choose to advertise. Again, suppose that both firms start off not advertising. If the firms decide to collude, what strategies will they end up choosing? Expresso will choose not to advertise and Beantown will choose to advertise. Expresso will choose to advertise and Beantown will choose not to advertise. Both firms will choose to advertise. Both firms will choose not to advertise
Answers
If the firms act independently, Expresso will choose to advertise and Beantown will choose not to advertise. If the firms decide to collude, both firms will choose not to advertise.
To determine the strategies that Expresso and Beantown will choose, we can analyze the payoff matrix provided. The goal of each firm is to maximize its profit.
If the firms act independently:
Expresso has two options: advertise or not advertise. Similarly, Beantown has two options: advertise or not advertise. Each firm will independently choose the strategy that maximizes its profit based on the potential payoffs.
Looking at the matrix, if Expresso advertises and Beantown doesn't advertise, Expresso earns a profit of $15 million, which is higher than any other option. Therefore, Expresso will choose to advertise.
On the other hand, if Beantown advertises and Expresso doesn't advertise, Beantown earns a profit of $11 million, which is higher than any other option. Therefore, Beantown will choose not to advertise.
Hence, if the firms act independently, Expresso will choose to advertise, and Beantown will choose not to advertise.
If the firms decide to collude:
Collusion occurs when firms cooperate to maximize their joint profits. In this case, Expresso and Beantown would agree on a joint strategy to benefit both of them.
Considering the payoff matrix, if both firms choose not to advertise, they both earn a profit of $11 million, which is higher than any other option. Therefore, if the firms decide to collude, both firms will choose not to advertise.
If the firms act independently, Expresso will choose to advertise, and Beantown will choose not to advertise.
If the firms decide to collude, both firms will choose not to advertise.
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Closure of a project generally entails all of the following activities EXCEPT:
a. ensuring all work has been accomplished
b. ensuring all resources have been reassigned
c. ensuring all documentation is complete
d. updating the project management plan
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Closure of a project is a critical phase that marks the end of the project's lifecycle. It involves a set of activities aimed at bringing the project to a formal end.
These activities include ensuring all work has been accomplished, ensuring all documentation is complete, updating the project management plan, and ensuring all resources have been reassigned. However, the one activity that is generally NOT included in the closure of a project is updating the project management plan. The project management plan is typically updated throughout the project lifecycle to reflect changes in project scope, schedule, budget, and other critical factors.
Therefore, updating the project management plan is an ongoing activity that occurs throughout the project, rather than a specific task associated with project closure. Other critical activities that are part of project closure include conducting a post-project review, releasing project resources, and archiving project documentation for future reference.
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Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock?
Answers
The value of each share if you calculate it as $1,000,000/2,000 =500.
What is stock?A stock is referred to as a kind of ownership of certain items. When an individual holds stocks or shares in the market they are entitled as a stockholder or shareholder and liable for some dividend.
The process of announcing new shares of stock to the people for the first time in a private company is known as an initial public offering (IPO). An IPO allows a company to request equity capital from the general public.
The business has grown as a pre-IPO private company with a very small number of proprietors who own the stock in the company.
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The complete question is Probably
Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock. What is the value of each share if you calculate it as $1,000,000/2,000 =
brennan, a, chick, se, davies, r. a taxonomy of model structures for economic evaluation of health technologies.
Answers
A taxonomy of model structures categorizes different mathematical models used in economic evaluations of health technologies for informed decision-making in healthcare.
A taxonomy of model structures for economic evaluation of health technologies refers to a classification system that categorizes different types of mathematical models used in assessing the cost-effectiveness and value of healthcare interventions. These models are designed to simulate the impact of various health technologies, such as drugs, medical devices, or healthcare programs, on health outcomes and costs.
The taxonomy helps researchers and decision-makers in healthcare to understand and compare different modeling approaches and their implications for economic evaluations. It provides a framework for organizing models based on their structural characteristics, such as the level of detail, complexity, and data requirements.
Common model structures in this taxonomy include decision trees, Markov models, microsimulation models, and dynamic transmission models. Each structure has its own advantages and limitations, and the choice of model depends on the research question, available data, and context of the evaluation.
By classifying model structures, the taxonomy assists in identifying the appropriate modeling approach for a specific evaluation, promoting consistency and transparency in economic evaluations of health technologies, and facilitating the interpretation and dissemination of study findings to support informed decision-making in healthcare policy and practice.
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--The given question is incomplete, the complete question is given below " a taxonomy of model structures for economic evaluation of health technologies. explain. "--
You plan to buy a house in 5 years and know that you will need to make a down payment at that time. You plan to save $1,000 by the end of this coming year. Moreover, you just got a job where the firm says it will increase your pay by 2% per year, so you plan to correspondingly increase the amount you "put away" into savings by 2% per year. Your investment vehicle will earn 4% per year. What amount of money will be available to use on the down payment, at the end of 5 years?.
Answers
g = 0.02
r = 0.04
CF1 = 1000
FV = 5630
A down payment is an upfront, partial payment made when purchasing expensive goods or services like a home or car. Typically, it is paid in cash or an equivalent at the time the transaction is completed. The remaining payment must then be financed through a loan of some kind. In fractional reserve banking systems, a down payment is primarily used to ensure that the lending institution has enough capital to produce money for loans and to collect some of the remaining loan balance in the event that a borrower defaults. The formula used to determine the down payment is: a down payment is equal to a percentage of the buying price.
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pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 5.5%. The probability distributions of the risky funds are: Expected Return Standard Deviation Stock fund (S) 15 % 32 % Bond fund (B) 9 % 23 % The correlation between the fund returns is 0.15. Suppose now that your portfolio must yield an expected return of 12% and be efficient, that is, on the best feasible CAL. a. What is the standard deviation of your portfolio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answers
The standard deviation of the portfolio is 7.09%.
What is the proportion of stock in minimum risky portfolio?= [(0.23)² - (0.32*0.23*0.15)] / [(0.32)² + (0.23)² - (2*0.32*0.23*0.15)]
= 0.31421708452
= 31.42%
What is proportion of bond fund in minimum risky portfolio?= 1 - 0.31421708452
= 0.68578291548
= 68.58%
What is the expected return of minimum risky portfolio?= 0.3142*15% + 0.6858*9%
= 0.04713 + 0.061722
= 0.108852
What is the standard deviation of your portfolio?= ((0.6858)² * (0.23)² * (0.3142)² * (0.33)²) + ((2 * 0.6858 * 0.3142 * 0.32 * 0.23 * 0.15))^0.5
= (0.00026747972 + 0.00475776218)^0.5
= 0.0050252419^0.5
= 0.0708889406
= 7.09%
Therefore, the standard deviation of the portfolio is 7.09%.
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You are valuing the stock of Microsoft Corp. You estimate the fair value of the stock of $270. Currently the stock is trading at $244.37. Your recommendation should be:
Answers
Answer: buy the stock
Explanation:
Fair value refers to the price of an asset that's determined by the buyer and the seller. It's the worth of an asset. The market value is the price an an asset is sold in the marketplace.
By comparing the fair value and the market price, one can know if to invest in a asset or not. Since the fair value is more than the market price, then the should be bought.
In Mark's absence, what source of power does Sherry have in enforcing Ollie's holiday scheduling policy?
Answers
Answer: Legitimate power
Explanation:
The source of power that Sherry has in enforcing Ollie's holiday scheduling policy is refered to as the legitimate power.
Legitimate power simply means the power that one has based on the formal position that is being held by the person in an organization. This usually applies to person who are in position of authority in the organization.
Therefore, the correct answer is legitimate power.
What happens when happens when interest rate (i.e. yield-to-maturity) decreases on a bond? A. The price of the bond increases. B. The coupon rate of the bond increases. C. The par value of the bond decreases. D. The coupon payments are adjusted to the new discount rate.
Answers
Answer:
B. The coupon rate of the bond increases.
Explanation:
The interest rate of a bond is known as the Yield to Maturity. This is a Market Rate and when the Yield to Maturity increases, the Coupon rate must increase as well.
Someone has shared some information with you without proof, therefore you dismiss it as a __________. Later on that day, you hear others repeating the information, you now realize that everyone involved in sharing the unofficial information, has become a part of the _________________.
Answers
Answer: Rumors
Explanation: i had this topic last year
Which type of investment income happens when a company
shares its profits with investors?
Answers
Answer:
B is the answer
Explanation:
i just did the quiz
Malcolm has decided that he wants to open up his own law practice. The time has come to establish prices for his services. Due to his extensive experience and legal background, he believes that his fees should not relate directly to the time or effort spent on specific cases. Now that Malcolm has chosen the pricing strategy he wants to use, what is his next step
Answers
Answer:
determining the final price
Explanation:
In the given scenario Malcolm wants to use a pricing strategy that relies on his extensive experience and legal background rather than on time or effort spent on cases.
So he is promoting a higher quality of legal representation compared to other firms.
The next step in his pricing strategy will be to set the final price he wants to.offer his services.
This should be done by taking note of other law firms operating in the same community. A price that is too high will drive customers to competitors.
what happens to expenses once they are incurred by a dental practice?
Answers
Once expenses are incurred by a dental practice, they are recorded and deducted from the practice's revenue to calculate its net income or loss.
Expenses incurred by a dental practice are an essential part of its financial operations. These expenses include costs such as salaries, rent, supplies, equipment, utilities, and other overhead expenses. Once these expenses are incurred, the practice records them in its financial records, typically using accounting software or manual bookkeeping systems. These expenses are then deducted from the practice's total revenue to calculate its net income or loss for a specific period, such as a month, quarter, or year. Net income represents the amount of revenue that remains after deducting all expenses, reflecting the practice's profitability. Conversely, if the total expenses exceed the revenue, it results in a net loss. Tracking and analyzing expenses is crucial for dental practices to assess their financial health, make informed business decisions, and identify opportunities for cost management and efficiency improvement.
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She sells seashells on a seashore But the value of these shells will fall Due to the laws of supply and demand No one wants to buy shells 'cause there's loads on the sand
Step 1: you must create a sense of scarcity Shells will sell much better if the people think they’re rare, you see Bare with me, take as many shells as you can find and hide 'em on an island stockpile 'em high until they’re rarer than a diamond
Step 2: you gotta make the people think that they want 'em Really want 'em, really freakin want 'em Hit 'em like Bronson Influencers, product placement, featured prime time entertainment If you haven’t got a shell then you're just a freaking wasteman
Three: it's monopoly, invest inside some property, start a corporation, make a logo, do it properly "Shells must sell", that will be your new philosophy Swallow all your morals they're a poor man's quality
Four: expand, expand, expand, clear forest, make land, fresh blood on hand
Five: why just shells? Why limit your self? She sells seashells, sell oil as well!
Six: guns, sell stocks, sell diamonds, sell rocks, sell water to a fish, sell the time to a clock
Seven: press on the gas, take your foot off the brakes Run to be the president of the United States
Eight: big smile mate, big wave that's great Now the truth is overrated, tell lies out the gate
Nine: Polarise the people, controversy is the game It don't matter if they hate you if they all say your name
Ten: the world is yours, step out on a stage to a round of applause You're a liar, a cheat, a devil, on the floor And you sell seashells on the seashore
Answers
Answer:
Amazing story 10/10
Explanation:
This text is a fun and musical piece of writing that makes fun of different subjects like money, selling things, having an impact on others, and how power works.
What is the seashells about?This text talks about using the idea of selling seashells on a seashore to explain a bigger idea about how people can be manipulated and controlled by big companies and society.
This passage is written in a way that shows different aspects of a story. It covers things like creating a feeling of not having enough, changing how people think about things, and gaining more power.
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Which kind of food service outlets utilizes an intercom system for customers to order food?
A.
buffet service
B.
cafeteria service
C.
drive-through service
D.
table service
Answers
Intercoms are a very useful system for businesses because, it allows the customers to just drive up an order from the machine rather than having to get out of the car and going into the restaurant establishment itself.
Which cable news network produces the most straight reporting?
A. MSNBC
B. ESPN
C. CNN
D. FOX
Answers
Answer:
C.
Have a good morning✨
Answer:
A
Explanation:
A cost of quality system is based on the trade-off between incurring costs to meet product (or service) specifications and the costs of failing to meet those specifications.Group startsTrue or False
Answers
A cost of quality system is a management technique used to measure and analyze the costs associated with meeting product or service specifications. True
This system is based on the trade-off between incurring costs to meet specifications and the costs of failing to meet them. It is a framework that helps organizations assess the financial impact of quality-related activities, such as inspections, testing, and preventive maintenance. By evaluating the cost of quality, companies can identify areas for improvement and make informed decisions about how to allocate resources.
The goal of a cost of quality system is to minimize the total cost of producing a product or providing a service while maximizing customer satisfaction. Therefore, the statement "A cost of quality system is based on the trade-off between incurring costs to meet product (or service) specifications and the costs of failing to meet those specifications.
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Flightline, the 4-year-old colt, was the talk of breeders’ cup weekend. How much is the horse, undefeated in six career starts, projected to fetch in his breeding career?.
Answers
The 4-year-old colt dominated the Breeders' Cup weekend. After remaining unbeaten in six career starts, the horse won the Breeders' Cup Classic by 814 lengths. After owners received $4.6 million for a 2.5% ownership in the horse, Flightline was valued at $184 million.
Racing horses at high speeds is known as horse racing. Most often, Thoroughbreds are used, either pulling a vehicle with a driver atop them or pulling Standardbreds.
Harness racing and flat racing are the names of these two categories of racing.
Racing on the flat involving horses other than Thoroughbreds is covered under the article quarter-horse racing.
One of the oldest sports is horse racing, and its fundamental principles haven't altered much throughout time.
The horse that finishes first always wins in this race, which has developed from a straightforward test of speed or endurance between two horses to a spectacle involving massive fields of competitors, sophisticated technological monitoring technology, and great sums of money.
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What is an advantage of radio advertising? It offers an excellent combination of reach and frequency. It is free from the problem of advertising clutter. It provides scope for unlimited creativity. It is a cost-effective method to reach all markets. It benefits from being long-lived and widely remembered.
Answers
Answer:
It offers an excellent combination of reach and frequency
Explanation:
The question basically seeks to extract the advantage of radio advertising in contemporary time. It must be noted that there are varying forms of advertisements, with one edging the other by one feature or the other.
The feature that ultimately stands radio advertising is the ubiquitous nature of its distribution. Simply put, it offers an excellent combination of reach and frequency. The implication of this is that the messages and information being passed out from this medium commands a far reach, attention and feedback from the larger audience.
While other listed options could be relevant, it must be stated that option A is the feature that categorically set radio advertisements apart from others.
What is a government policy with a goal of encouraging saving and investing?
A. Banning compound interest
B. Requiring direct deposit
C. Limiting stock market access
D. Maintaining stable inflation
Answers
The federal government works to achieve three policy objectives in order to maintain a robust economy: stable pricing, full employment, and economic growth. Hence option D is correct .
Why government encouraging saving and investing?Reducing the budget deficit is another way the government can make greater savings. Cutting back on government purchases is one strategy for doing this. Alternately, increasing taxes will enhance national saving since it will make people consume less and reduce deficits or increase surpluses.
Investment incentives fall into three broad categories, and they can be put into place at the local, regional, national, and international levels. fiscal incentives like tax vacations and decreased tax rates; other incentives like subsidized infrastructure; and financial incentives like various grants and loans.
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human resource management was called when undertaking clerical functions such as screening employees, keeping records, payroll, and finding new employees.
Answers
Answer:
personnel
Explanation:
Human resource management was called personnel at the time when the clerical functions are undertaken.
The following information regarding the personnel management is:
It refers to the management where the workforce could be maintained. It is mainly concerned when employees are at work also their relationship within an organization should also mattered. Plus the clerical functions are to be undertaken.Learn more: brainly.com/question/15569649
why is south africa regarded as a developing country
Answers
Answer:
This is due to the fact that South Africa is currently in a state of poverty and has very high unemployment rates, meaning there are a lot of poor people on the streets and it is uneasy/many do not have jobs either.
Explanation:
1. Pilihan ganda30 detik1 ptQ. Finance is the business function that involves managingPilihan jawabanInformationMoneyMarketingProduction
Answers
Option e: Business description. A Business description. describes the nature of the company, the products it offers, and the company philosophy.
A business description is a written overview of a company and its products or services.
Describe your company's purpose, goals, and target audience. This description often includes information about the nature of the company, the products or services it offers, the company's history and philosophy, and the people involved in running the company.
A company description helps you have a clear understanding of what your company does, stands for, and wants to achieve. It serves as the basis for the company's marketing and financial planning and helps define the company's overall direction.
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Complete question:
Pilihan ganda30 detik1 ptQ. Which of the following describes the business type, the products offered and the philosophy of the business?
Pilihan jawaban
Marketing plan
Executive agenda
Financial plan
Business description
A __________ is a group of closely related items which are sold or made by a company. Product segment Product mix Product line Product code
Answers
Under PPO, which of the following in-network specialists would a referral be required?
Answers
Answer:
Explanation:You do not need a referral to see a specialist. However, some specialists will only see patients who are referred to them by a primary care doctor. And, some PPOs require that you get a prior approval for certain expensive services, such as MRIs.
Recall on February 1, Derrick Company established a $200 petty cash fund. On February 15, when the fund balance reached $7, the petty cash custodian prepared a petty cash report that summarized receipts for postage ($140) and printing ($54). Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus.
Answers
Answer with its Explanation:
The double entry to record the postage expenses of $140 and the printing expense of $54 is as under:
Dr Postage Expenses $140
Dr Printing Expenses $54
Cr Petty Cash Account $193
Cr Cash Over and Short Account $1
According to the summarized Report, the cash at hand is $7 which must be $6 ($200 - $194). This difference can adjusted in Cash Over and Short Account which is used to adjust minor differences in cash balance.
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