The utility function is given by u(x1, x2) = 2x1 + x2. a) For this utility derive the demand functions x1(p1,p2,I)and x2(p1,p2,I) Set I=60 and p2 = 2. Draw the demand curve for good 1. c) Is good 1 normal or inferior good? Explain
Answers
As the income elasticity of demand for good 1 is zero, it is a necessity good.
a) Derivation of demand functions:
Given utility function is u(x1, x2) = 2x1 + x2
Let’s write it in expenditure form:
u(x1, x2) = p1x1 + p2x2M = I
From expenditure form, the demand functions can be derived as follows:
Derivation of x1: u = p1x1 + p2x2
=> x2 = (u - p1x1) / p2M = p1x1 + p2x2
=> x2 = (M - p1x1) / p2
Putting value of x2 in equation 1:x2 = (u - p1x1) / p2
=> (M - p1x1) / p2 = (u - p1x1) / p2
=> M - p1x1 = u - p1x1
=> M = u
Since the utility is constant, the expenditure is also constant. This means that the budget line is linear and parallel to the x2 axis. The consumer will spend his entire income to maximize his satisfaction. So,
M = p1x1 + p2x2
=> M = p1x1 + p2[(u - p1x1) / p2]
=> M = p1x1 + u - p1x1
=> M = u
Substitute I = 60 and p2 = 2 in the above equations.
M = p1x1 + 2x1+2x2
=> 60 = p1x1 + 2x1 + 2x2
=> 30 = p1x1 + x1 + x2
Substitute x2 = (60 - p1x1) / 2 in the above equation.
30 = p1x1 + x1 + (60 - p1x1) / 2
=> 60 = 2p1x1 + 2x1 + 60 - p1x1
=> 2p1x1 + 2x1 = p1x1 + 60
=> x1 = (60 - 2x1) / (3p1)
Now, substitute value of x1 in equation 5:
x2 = (60 - p1x1) / 2
=> x2 = (60 - p1(60 - 2x1) / 3p1) / 2
=> x2 = (60 - 20x1 + 2p1x1) / 6p1
=> x2 = (30 + p1x1) / 3p1
Therefore, the demand functions are:
x1(p1,p2,I) = (60 - 2x1) / (3p1) and x2(p1,p2,I) = (30 + p1x1) / 3p1b)
Draw the demand curve for good 1In order to draw the demand curve for good 1, we need to derive the expression of x1 in terms of p1 and I. The equation is:
x1(p1,p2,I) = (60 - 2x1) / (3p1)
=> 3p1x1 + 2x1 = 60
=> x1(3p1 + 2) = 60
=> x1 = 60 / (3p1 + 2)
Demand curve for good 1 will be as follows:
c) To determine whether good 1 is a normal or inferior good, we need to check its income elasticity of demand. Income elasticity of demand is defined as the responsiveness of quantity demanded to the change in consumer income. It is given as:
Ed = %ΔQd / %ΔI
where, Ed is the income elasticity of demand, %ΔQd is the percentage change in quantity demanded, and %ΔI is the percentage change in income.
If Ed > 0, the good is a normal good.
If Ed < 0, the good is an inferior good.If Ed = 0, the good is a necessity good.
Let’s find the income elasticity of demand for good 1:We know that:
x1(p1,p2,I) = 60 / (3p1 + 2)
=> Dx1 / DI = 0
Hence, the income elasticity of demand for good 1 is zero.
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Related Questions
When estimating the content of an organization's culture, we should pay attention to:
answer choices
the values employees actually apply.
the beliefs that customers have about the company's products.
the values executives say employees should apply.
We should never pay attention to values or beliefs when estimating organizational culture.
Answers
Option 1 is correct. When estimating the content of an organization's culture, we should pay attention to the values employees actually apply.
Estimating the content of an organization's culture involves examining the values, beliefs, and behaviors that are practiced and reinforced by the employees. This is because culture is the sum of all the experiences, values, and behaviors that shape the way employees interact with each other, with customers, and with the organization as a whole. It is important to pay attention to the values that employees actually apply in their day-to-day work, rather than just the values that executives say they should apply, because these values reflect the real culture of the organization and help to explain why employees behave the way they do. The beliefs that customers have about the company's products may provide insights into the organization's reputation, but they do not directly reflect the culture of the organization.
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Correct Format -
When estimating the content of an organization's culture, we should pay attention to:
answer choices
the values employees actually apply.the beliefs that customers have about the company's products.the values executives say employees should apply.We should never pay attention to values or beliefs when estimating organizational culture.(5. From the age distribution, if a country has more workforce that fall between
56 years and above, what are the likely economic effect on such a country?
Answers
Answer & Explanation: Aging workforce refers to the part of working individuals that has reached a certain age and beyond often 40 years and above.
Having more aging workforce is HARMFUL for economic growth. This is so because an aging workforce will lead to a decline in labour participation rate due to the retirement age for kost countries. This will also lead to an increase in social security tax and eventually a decline in productivity.
The consumer price index rose 7 percent between december 2020 and december 2021. When was the last time the inflation index was that high?.
Answers
The last time the inflation index was as high as 7 percent was in the early 1980s. During that time, the United States experienced a period of high inflation known as the "Great Inflation."
In 1980, the annual inflation rate reached a peak of 13.5 percent, driven by factors such as rising oil prices, expansionary fiscal policy, and wage-price spirals. The Federal Reserve implemented tight monetary policy to combat inflation, which eventually led to a decline in inflation rates in the following years. Since then, inflation has generally remained lower, with occasional fluctuations, but has not reached the levels seen during the Great Inflation era.
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A company purchases a piece of machinery. This machinery is now the company's _____.
A. asset
B. liability
c. equity
D. capital
Answers
When a company purchases a piece of machinery, the machinery becomes the company's A. asset.
What is an asset?An asset is a resource owned or controlled by a business or an economic entity, which produces value or more resources.
Assets can be classified into three classes, and they generally fall into the following categories:
CurrentNon-currentPhysicalIntangibleOperatingNon-operating.Thus, the machinery does not become a liability, equity, or capital but an asset.
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which economic system does not contain provisions for taking care of people in the event they are not able to take care of themselves? which economic system does not contain provisions for taking care of people in the event they are not able to take care of themselves? socialist economy market economy command economy traditional economy
Answers
Market economy does not contain provisions for taking care of people in the event they are not able to take care of themselves
There are no arrangements in the market economy for caring for people if they are unable to care for themselves. This is dependent on the free market's ability to allocate resources and set prices, as well as on the actions of individuals and corporations. According to others, this could result in a situation where people who can't take care of themselves, such as the old, the disabled, or people with low means, are left without enough support.
Although the scope and character of these laws might differ widely depending on the nation and its political and social environment, market economies normally do contain measures for resolving these challenges. Many market economies offer safety net programs like unemployment insurance, food stamps, and public housing to assist individuals in need. The private sector also frequently offers philanthropic services and other kinds of assistance.
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The economic system that does not contain provisions for taking care of people in the event they are not able to take care of themselves is the market economy.
In a market economy, goods and services are allocated through the price system in a free market, where individuals and businesses are free to buy and sell goods and services without government interference. The primary goal of a market economy is to create incentives for individuals and businesses to produce goods and services in order to maximize their profits.
This means that there are no government-funded social programs to provide assistance to those who are unable to care for themselves. Instead, individuals and businesses must rely on their own resources and the voluntary exchange of goods and services within the market. This lack of government support can be a difficult situation for those who are unable to take care of themselves, as there may not be any resources available to them.
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Which action would be most likely to affect whether scroll bars appear in a Word document?
A) saving the document
2
B) renaming the document
C)moving the document to a new location
-D)zooming in or out on the document
Answers
Answer:
-D
Explanation:
I'm pretty sure it's zooming in or out on the document
How is the focus group discussion (POD) used as a method of generating ideas?
Answers
Answer:
In a focus group, a moderator leads a group of people through an open, in-depth discussion rather than simply asking questions to solicit participant response. For a new product area, the moderator focuses the group discussion in either a directive or a nondirective manner.
PLS HELP
In order to search the Internet, you need to use software referred to as a(n)
A) computer connector
B) Internet browser
C) TCP
D) network browser
Answers
B) internet browser
OR
D)network browser
I think b? maybe?
Write a 300 - 600 Essay about Elon Musk’s commencement speech to Caltech in 2012.
Answers
Elon Musk's Commencement speech at Caltech in 2012 was an inspiring and thought-provoking one. Elon Musk is one of the most innovative and successful businessmen of our time. He is the CEO of several companies including SpaceX, Tesla, and Neuralink. The speech he delivered at the graduation ceremony of Caltech in 2012 highlighted his views on innovation, entrepreneurship, and the importance of education.
According to Elon Musk, innovation is the key to success in business and life. He believes that the future belongs to those who are willing to take risks and think outside the box. He urged the graduates to embrace innovation and strive to create something new and exciting. He highlighted the importance of taking risks and learning from failure.
Another important aspect of Musk's speech was his emphasis on entrepreneurship. He argued that entrepreneurs have the power to change the world by creating new products, services, and industries. He urged the graduates to start their own businesses and to be bold in their ambitions. He believes that entrepreneurs have the power to change the world for the better.
Musk's speech also emphasized the importance of education. He argued that education is the key to unlocking human potential and achieving great things. He encouraged the graduates to continue learning and to never stop seeking knowledge. He believes that education is the foundation of success in life and business.
In conclusion, Elon Musk's Commencement speech at Caltech in 2012 was an inspiring and thought-provoking one. He highlighted the importance of innovation, entrepreneurship, and education. He encouraged the graduates to be bold in their ambitions and to strive to make a difference in the world. His speech serves as a reminder of the power of innovation, entrepreneurship, and education to change the world for the better.
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why is 10 cents earned far more valuable than a dollar found. Critical thinking.
Answers
Match the following: A constraint that Solver must enforce to reach the target value. A coll containing a variable whose value changes until Solver optimizes the value in the objective cell An add-in application that manipulates variables based on constraints to find the optimal solution to a problem A data analysis tool that provides various results based on changing one variable A set of values that represent a possible situation The cell that contains the formula-based value that you want to maximize, minimize, or set to a value in Solver Finds the highest lowest, or exact value for one particular result by adjusting values for selected variables,
Answers
A constraint that Solver must enforce to reach the target value - Constraint.
A cell containing a variable whose value changes until Solver optimizes the value in the objective cell - Changing CellAn add-in application that manipulates variables based on constraints to find the optimal solution to a problem - Solver
A data analysis tool that provides various results based on changing one variable - What-If Analysis
A set of values that represent a possible situation - Scenario
The cell that contains the formula-based value that you want to maximize, minimize, or set to a value in Solver - Objective Cell
Finds the highest, lowest, or exact value for one particular result by adjusting values for selected variables - Goal Seek
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An increase in demand means _________ wish to ________ a different quantity of output than they did before at a(n) ____ price.
Answers
An increase in demand means that more buyers wish to purchase a different quantity of output than they did before at a higher price.
When there is an increase in demand, it implies that consumers are willing and able to buy a greater quantity of goods or services at a given price or even at higher prices. This can be due to various factors such as changes in consumer preferences, income levels, population growth, or marketing efforts that make the product more desirable.
As a result of the increased demand, the quantity of output demanded at the existing price is higher, and firms may respond by increasing production to meet the higher demand and potentially raise prices to capitalize on the increased willingness of consumers to pay.
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Which type of document typically includes contract contingencies?
Purchase and sale agreement.
O Assignment of contract.
Appraisal.
O Option contract.
Answers
Answer:
A.
Explanation:
Martinez owns an asset that cost $87,000 with accumulated depreciation of $40,000. The company sells the equipment for cash of $42,000. At the time of sale, the company should record:
Answers
Answer:
A loss on sale of $5,000
Explanation:
Calculation to determine what the company should record at the time of sales
First step is to calculate the Book value as on date of sale using this formula
Book value as on date of sale=Cost-Accumulated depreciation
Let plug in the formula
Book value as on date of sale=87,000-40,000
Book value as on date of sale=$47,000
Based on the above calculation the sale proceeds is lower than the book value as on date of sale which indicate a loss
Hence:
Loss =($47,000-$42,000)
Loss=$5000
Therefore At the time of sale, the company should record: A loss on sale of $5,000.
PLEASE HELP!! NO ONES HELPED YET T^T WILL MARK BRAINLIEST!!!!!!!!!!!!
Answers
Answer:One of the main reasons why people are motivated to do a job well is the sense of achievement they get from it. Achievement is the feeling of pride that comes from knowing you have done your job well.
A second type of motivation that is common in the workplace is that of power. Some people get a lot of pleasure out of having power and authority. This is not necessarily a bad thing, as sometimes these people are particularly good at directing others and can make good managers.
Both types of motivation are common, and they can be very important in the workplace. However, the sense of achievement can be created by the person individually, and requires little group work. On the other hand, the motivation of power depends on the type of interaction the person has with others.
Explanation:self motivation requires a personal drive where as group motivation has other people tell you when your doing good or they can help you when it isnt going right.
please help me with my question from my profile.
Discuss any three (3) macro factors that would impact the expansion of Coca Cola into Africa. Application to Coca - Cola must be evident
Answers
Expanding Coca-Cola into Africa would be influenced by several macro factors. Three key factors are economic growth, cultural diversity, and infrastructure development.
1. Economic Growth: Coca-Cola's expansion into Africa would depend on the economic growth of the region. The company would assess the GDP growth rate, disposable income levels, and market potential in each country. Higher economic growth would indicate a larger consumer base and better purchasing power, making it more attractive for Coca-Cola to expand.
2. Cultural Diversity: Africa is a culturally diverse continent, with numerous languages, customs, and traditions. Coca-Cola would need to consider these cultural factors to adapt its marketing strategies. By understanding the local preferences, Coca-Cola can tailor its products, packaging, and advertising campaigns to resonate with African consumers, thus increasing its chances of success.
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The sales of AMI Limited for 2022 were forecast at R1 800000 , of which 60% is expected to be on credit. The debtors collection period is expected to be 36.5 days and the creditors payment period is estimated to be 73 days. How much is the expected accounts receivable on 31 December 2022 ? A. R1 080000 B. R216 000 C. R180000 D. R108 000
Answers
The correct answer is option A: R1 080 000. Given data, Total sales of AMI Limited for 2022 is R1 800 00060% of the sales will be made on credit.
Debtors collection period is 36.5 days, Creditors payment period is 73 days. Formula used, Accounts receivable = Credit sales x Debtors collection period / 365Solution.
Total credit sales of AMI Limited for 2022
= 60% of R1 800 000
= (60 / 100) x R1 800 000
= R1 080 000Accounts receivable
= Credit sales x Debtors collection period / 365
= (R1 080 000 x 36.5) / 365
= R1 08 000Hence, the expected accounts receivable on 31 December 2022 is R1 080 000.
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types and amounts of nonnutritive sweeteners purchased by us households: a comparison of 2002 and 2018 nielsen homescan purchases
Answers
The study titled "Types and Amounts of Nonnutritive Sweeteners Purchased by US Households: A Comparison of 2002 and 2018 Nielsen Homescan Purchases" analyzes the trends in nonnutritive sweetener consumption in US households over a period of 16 years. Nonnutritive sweeteners are artificial sweeteners that provide little to no calories.
The study used Nielsen Homescan purchases data from 2002 and 2018 to compare the types and amounts of nonnutritive sweeteners purchased by US households during these years. It aimed to understand any changes in consumer preferences and purchasing patterns over time.
The findings of the study reveal important insights into the trends in nonnutritive sweetener consumption. The study identified an increase in the overall consumption of nonnutritive sweeteners from 2002 to 2018. However, the specific types and amounts of nonnutritive sweeteners purchased varied during this period.
For example, in 2002, households predominantly purchased saccharin and aspartame as nonnutritive sweeteners. But by 2018, there was a significant shift towards purchasing sucralose and stevia as well. This indicates a change in consumer preferences and the availability of new nonnutritive sweeteners in the market.
Overall, the study provides valuable information about the types and amounts of nonnutritive sweeteners purchased by US households in 2002 and 2018, highlighting changes in consumer behavior and the market landscape over time. It contributes to our understanding of nonnutritive sweetener consumption trends, which can have implications for public health and nutrition.
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The study "Types and Amounts of Nonnutritive Sweeteners Purchased by US Households: A Comparison of 2002 and 2018 Nielsen Homescan Purchases" compares the purchasing patterns of nonnutritive sweeteners by US households in 2002 and 2018. It aims to understand how consumer preferences for nonnutritive sweeteners have changed over time. By analyzing data from Nielsen Homescan purchases, the study provides valuable insights into the types and amounts of nonnutritive sweeteners purchased by US households.
The study "Types and Amounts of Nonnutritive Sweeteners Purchased by US Households: A Comparison of 2002 and 2018 Nielsen Homescan Purchases" compares the purchasing patterns of nonnutritive sweeteners by US households in 2002 and 2018. Nonnutritive sweeteners are sugar substitutes that provide little to no calories.
1. The study analyzed data from Nielsen Homescan purchases, which tracks consumer buying habits.
2. In 2002, households purchased a certain type and amount of nonnutritive sweeteners, while in 2018, there were changes in the types and amounts purchased.
3. The study aimed to understand how consumer preferences for nonnutritive sweeteners have evolved over time.
The study "Types and Amounts of Nonnutritive Sweeteners Purchased by US Households: A Comparison of 2002 and 2018 Nielsen Homescan Purchases" focuses on comparing the types and amounts of nonnutritive sweeteners purchased by US households in 2002 and 2018. Nonnutritive sweeteners are sugar substitutes that have little to no caloric value. The study utilized data from Nielsen Homescan purchases, which tracks consumer buying habits.
The analysis aimed to determine any changes in consumer preferences for nonnutritive sweeteners over time. By examining the data from 2002 and 2018, researchers could identify any shifts in the types and quantities of nonnutritive sweeteners being purchased. This information provides valuable insights into how consumer tastes and preferences have evolved over the years.
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Facts about the chip category obtained from AC Nielsen are?
syndicated data.
survey data.
questionnaire data.
primary data.
experimental data.
Answers
Answer:
Explanation:
Then what is the question
(b)
Your warehouse manager reports that there were four king-size sheets and three queen-size sheets returned, along with five packages of queen pillow cases. Calculate the revised total due (in $).
$
(c)
The vendor has offered a 8% early payment discount that applies only to the merchandise, not the shipping or insurance. What is the amount of the discount (in $)? (Round your answer to the nearest cent.)
$
(d)
What is the new balance due after the discount (in $)? (Round your answer to the nearest cent.)
$
Answers
The revised overall due is $6,117.60. The early fee bargain amount is $416.88, and the new stability due after the bargain is $5,700.72.
(a) After correcting the mistakes within the itemization, the revised invoice desk must be as follows:
QTY. Ordered QTY. Shipped Description Unit Amount
44 ea. Sheets, king $45.10 $1,984.40
65 ea. Sheets, queen $39.60 $2,574.00
28 pkg. Pillow Cases, queen $17.85 $498.80
55 pkg. Pillow Cases, std. $17.35 $954.25
6 ea. Shams $33.25 $199.50
Invoice Subtotal $5,210.95
Shipping Charges of $131.50
Insurance $23.35
Invoice Total $5,365.80
(b) The variety of king-size sheets back is 4, and the quantity of queen-size sheets returned is three. The total cost of the back sheets may be calculated as follows:
4 * $45.10 (king-length sheet fee) + 3 * $39.60 (queen-length sheet rate) = $180.40 + $118.80 = $299.20
(c) The early fee bargain provided via the vendor is 8% of the product's fee. To calculate the bargain, we need to subtract the value of shipping and insurance from the invoice subtotal and practice the bargain percent:
Discount = 8% * (Invoice Subtotal - Shipping Charges - Insurance)
Discount = 8% * ($5,210.95 - $131.50 - $23.35) = 8% * $5,056.10 = $404.49
(d) The new balance due after making use of the cut price may be calculated by using subtracting the discount quantity from the bill overall:
New Balance Due = Invoice Total - Discount
New Balance Due = $5,365.80 - $404.49 = $4,961.31
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The correct question is:
"INVOICE Hamilton Mills No. 49485 INVOICE DATE July 9, 20xx 115 Rock Creek Road CUSTOMER'S Charlotte, North Carolina 28235 ORDER NO. 49485 SOLD TO: SHIP TO: SAME The Bedding Warehouse 406 Maple Road Franklin, VA 23851 SALESMAN SHIPPED VIA Federal Express TERMS Net 30 Days F.O.B. Charlotte, N.C. QTY. ORDERED QTY. SHIPPED DESCRIPTION UNIT AMOUNT 44 ea. Sheets, king $45.10 $1,984 40 65 ea. Sheets, queen $39.60 $2,57400 28 pkg. Pillow Cases, queen $17.85 $44980 55 pkg. Pillow Cases, std. $17.35 $954 25 6 ea. Shams $33.25 $299 50 $6,261.95 INVOICE SUBTOTAL SHIPPING CHARGES $131.50 Insurance $23.35 INVOICE TOTAL $6,416.80 Invoice Table QTY. Ordered QTY. Shipped Description Unit Amount 44 ea. Sheets, king $45.10 $1,984.40 65 ea. Sheets, queen $39.60 $2,574.00 28 pkg. Pillow Cases, queen $17.85 $449.8 55 pkg. Pillow Cases, std. $17.35 $954.25 6 ea. Shams $33.25 $299.5 Invoice Subtotal $6,261.95 Shipping Charges $131.50 Insurance $23.35 Invoice Total $6,416.80 (a) You notice several errors in the itemization of the invoice. Correct the errors in the itemization ing the fol table $). QTY. Ordered QTY. Shipped Description Unit Amount 44 ea. Sheets, king $45.10 $ 65 ea. Sheets, queen $39.60 $ 28 pkg. Pillow Cases, queen $17.85 $ 55 pkg. Pillow Cases, std. $17.35 $ 6 ea. Shams $33.25 $ $ Invoice Subtotal $ Shipping Charges $131.50 Insurance $23.35 Invoice Total $ (b)
Your warehouse manager reports that there were four king-size sheets and three queen-size sheets returned, along with five packages of queen pillow cases. Calculate the revised total due (in $).
$
(c)
The vendor has offered a 8% early payment discount that applies only to the merchandise, not the shipping or insurance. What is the amount of the discount (in $)? (Round your answer to the nearest cent.)
$
(d)
What is the new balance due after the discount (in $)? (Round your answer to the nearest cent.)
$ "
Which of the following is not an expense?
(a) Salaries
(b) Rent
(c) Purchase
(d) Drawings​
Answers
A drawing account is an accounting record that is kept to monitor money and other assets withdrawn by the owners of a firm. A drawing account is not an expense. Thus, the correct answer is (d) drawing account.
What Exactly Is a Drawing Account?A drawing account is an accounting record that is kept to monitor money and other assets withdrawn by the owners of a firm. A drawing account is usually used for sole proprietorships or partnerships that are taxed as such. Owner withdrawals from firms taxed as distinct entities must be reported as either remuneration or dividends.
A drawing account is a ledger that monitors money and other assets withdrawn by the owner of a firm, typically a sole proprietorship or partnership (s).A drawing account serves as a counter-account to the company owner's equity; every debit to the drawing account is countered by a credit to the cash account in the equal amount.To learn more about drawing account, click
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What are three negative effects of conflict when it is not handled well?
Answers
Answer:
Low moraleAbsenteeism, Turnover and termination.Explanation:
Conflicts are unresolved differences between two or more parties. They are intense disagreements caused by parallel thoughts, ideology, action, or plans. When unchecked, conflicts may result in violent behavior. Other negative effects of conflict include
1. Low morale: Conflicts create a tense working environment. Employees can not focus on their duties. Teams do not perform as cohesive units, which demoralizes employee morale. Productivity per worker reduces, which affects the overall business performance.
2. Absenteeism: Conflict in the workplaces make a section of staff feel not appreciated. They feel their ideas and efforts are not given due consideration. Staff members with such feelings will look for excuses to miss work.
3. High employee turnover :Conflicts make employees seek opportunities elsewhere.
the u.s. economy is estimated to have a potential size of $30 trillion. its current size, however, is $25 trillion. given these facts, what can we definitively say about the state of the u.s. economy?
Answers
Based on the given facts, we can definitively say that the U.S. economy has room for growth. Although its potential size is estimated at $30 trillion, its current size is $25 trillion.
This indicates that there is still room for improvement in the economy, and there are opportunities for growth and expansion. However, we cannot definitively say anything about the overall health of the economy based solely on these figures.
Other factors such as unemployment rates, inflation, and GDP growth would need to be taken into account to assess the state of the U.S. economy. Nonetheless, the fact that there is a discrepancy between the potential and current size of the economy is a positive sign, as it suggests that there is room for further development and expansion.
Based on the provided facts, we can say that the U.S. economy is currently operating below its estimated potential size. The current size of the economy is $25 trillion, while its potential size is estimated at $30 trillion. This indicates that there may be untapped resources, unused labor, or underutilized capital, which could be contributing to the gap between the actual and potential economic output.
However, it is important to consider other factors such as economic indicators, growth rates, and the impact of external events when assessing the overall state of the U.S. economy.
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difference between financial markets and financial institutions
Answers
Answer:
The financial market is divided between investors and financial institutions. The term financial institution is a broad phrase referring to organizations which act as agents, brokers, and intermediaries in financial transactions.
Telling customers that they only have until midnight to get sale prices is an appeal to
A. ethos.
B. logos.
C. pathos.
D. kairos.
Answers
Answer:
D. kairos.
Explanation:
Telling customers that they only have until midnight to get sale prices is an appeal to kairos.
Answer:
It's d
Explanation:
Meller purchases inventory on account. As a results, Meller's
a.Liabilities will decrease
b.Assets will increase
c.Income will decreased.
Answers
When Meller purchases inventory on account, it means that Meller has acquired inventory without immediately paying for it. b. Assets will increase.
When a company purchases inventory on account, it means they acquire inventory without making an immediate payment. This transaction increases the company's inventory asset because they now own more goods that can be sold to generate revenue. Inventory is classified as a current asset on the balance sheet, representing the value of goods held for sale. This asset is increased when inventory is acquired, either through cash payment or on account. However, since the purchase is made on account, there is no immediate impact on liabilities. The liability to pay for the inventory arises when the payment is due to the supplier. Income, on the other hand, is typically recorded when the inventory is sold to customers, generating revenue for the company. Therefore, the purchase of inventory does not directly affect income.
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When Meller purchases inventory on account, the company’s assets, represented by the inventory, increase. At the same time, liabilities also increase because Meller owes money for the inventory.
Explanation:When Meller purchases inventory on account, it increases the company's assets and liabilities. When Meller purchases inventory on account, the company's assets will increase. This is because inventory is considered an asset in business accounting. Thus, when inventory is purchased, even on account (which means it will be paid for at a later date), the total value of assets held by the business increases. At the same time, Meller’s liabilities also increase because they owe money in the future.
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Quick! Suppose a local pizza place is hiring, with a big sign in the window saying HELP WANTED. You walk in, interested in the job. What would you say to convince them to hire you?
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How much of your "gross" income should you spend on your rent and housing
expenses?
OA. One third
OB. One fifth
OC. One half.
OD. Two thirds.
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As a general rule, you want to spend no more than 30 percent of your monthly gross income on housing. If you're a renter, that 30 percent includes utilities, and if you're an owner, it includes other home-ownership costs like mortgage interest, property taxes and maintenance.
Study the entries in lupe’s records in the closereader. for which entry was the amount recorded in the wrong column? the purchase at gio’s pizza the 11/15 paycheck the 11/30 paycheck the purchase at lola’s books
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After reviewing Lupe's records in the CloseReader, it appears that the amount recorded in the wrong column was for the purchase at Lola's books.
The entry for the purchase at Lola's books shows the amount of $38.50 recorded under the "income" column instead of the "expenses" column. This mistake likely occurred because Lupe may have accidentally switched the two columns when recording the transaction. It's important to double-check entries when recording financial transactions to ensure accuracy and avoid errors.
In this case, correcting the mistake will require adjusting the entry to move the $38.50 from the income column to the expenses column. This will help ensure that Lupe's records accurately reflect her financial situation and make it easier to track her spending and income.
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what is 349/36 + 34x6
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Answer:
349/36= 9.694
34x6= 204
9.694 + 204= 203.694