We can actually infer here that an increase in labor productivity will affect equilibrium in the labor market in the following way: The demand for labor will increase and the equilibrium wage and quantity of labour will increase.
What is equilibrium?Equilibrium refers to the state whereby opposing things are balanced in order to achieve a desired outcome.
If the labor productivity is increased, it will definitely affect equilibrium in the labor market in such a way that the demand of labor will increase.
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Credit unions differ from retail banks because they are
In the finance industry, the Credit unions differ from retail banks because they are owned by their members.
What is a Credit unions?It is a financial institution very similar to a commercial bank which is a member-owned nonprofit financial cooperative.
What is a retail banks?It is a financial institution that offers personal banking to the general public, rather than to companies, corporations or other bank
In conclusion, the Credit unions differ from retail banks because they are owned by their members.
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Answer:
owned by members
Explanation:
did it
Economists convert costs and benefits into money equivalents by evaluating an individual's willingness to pay. opportunity costs. marginal benefits. sunk costs.
The correct option is (a) willingness to pay.
Comparing the anticipated or predicted costs and benefits (or opportunities) connected with a project choice in order to assess whether it makes sense from a business standpoint is known as a cost-benefit analysis.The maximum sum of money a consumer will spend on an additional commodity or service is known as the marginal benefit. As spending rises, customer contentment tends to decline. The difference in price caused by producing an extra unit of a good or service is known as the marginal cost.What is economic benefit?Economic benefits are defined as concrete advantages that can be quantified in terms of money saved or income earned as a result of the application of policies.
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When a profit-maximizing firm in a competitive market has zero economic profit, accounting profit Group of answer choices is negative. is at least zero. is also zero. could be positive, negative or zero
Selling the same good to various consumers at different prices is the only option when a profit-maximizing corporation in a competitive market has zero economic profit or accounting profit.
What is a profit-maximizing firm?Operating where marginal revenue and marginal expense are equal maximizes profit for a business. According to neoclassical theory, which assumes that the price must match the marginal cost condition, a firm must maximize profit in order to decide on an output and input level.
Profits and losses are ultimately eliminated because an endless number of businesses produce uniform, infinitely divisible items.
The appropriate response is thus that there are no choices because everything is produced and sold at the same price.
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A marketing manager must decide on the size of the survey sample to be used in order to estimate the proportion of customers who are aware of her brand. She wishes to estimate this proportion to within 10 percentage points with 88% confidence. If the manager guesses that the proportion of aware customers is roughly 30%, what is the size of the sample that must be used
The size of the sample that must be used is 264. The correct sample size is 264. Read below about how to arrive at the sample size.
What is the sample size that must be used?p′ = x / n where x represents the number of successes and n represents the sample size. The variable p′ is the sample proportion and serves as the point estimate for the true population proportion.
Then, it follows that,
p= 30/10 x 88 = 264
Therefore, the correct answer is 264.
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from a company's viewpoint, the existence of an active, liquid, well-organised market in existing shares:
The existence of an active, liquid, well-organized market in existing shares A. facilitates the raising of further capital in the secondary market.
What is a secondary market?A secondary market is a securities market for the exchange of securities and assets among investors rather than with the issuing entities.
The types of secondary markets include:
Over-The-Counter MarketsStock ExchangesAuction marketsDealer markets.Thus, from a company's viewpoint, the existence of an active, liquid, well-organized market in existing shares A. facilitates the raising of further capital in the secondary market.
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what do economists call the physical actions and mental activities that people contribute to the production of goods and services?
Labor is the physical actions and mental activities that people contribute to the production of goods and services.
What is labor?This can be used to refer to all forms of activities that a person engages in for the production of goods and services.
It is one of the factors of production and refers to tghe physical strength used in the process.
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What Economists call the physical actions and mental activities that people contribute to the production of goods and services is:
LaborWhat is Labor?Labor refers to the physical and mental exertion that employees often have to put in to produce goods and services.
In many companies, employees exert their physical strength and intelligence to sustain the smooth flow of activities. Economists call this labor.
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The scenarios each illustrate a principle of economics. classify each scenario according to the principle that best fits it. you are currently in a labeling module. turn off browse mode or quick nav, tab to items, space or enter to pick up, tab to move, space or enter to drop. on black friday, there are huge sales for electronics at many retail stores. david must decide between buying a camera at one store or a flat screen tv at another store, and buying one means losing out on the ability to purchase the other. an educational software company wants to expand the number of economics questions that it offers and is considering hiring another economist. the company compares how much adding another worker will improve the product to the additional cost. ava finds that there is not enough time after work to have dinner, exercise, and watch tv, and she must make choices about how to use her limited time.
David's decision on the electronics to purchase represents opportunity cost.
The decision to hire another economist is marginal analysis.
Ana's decision on how to use her time involves opportunity cost.
What is opportunity cost?
Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. When an economic agent chooses one option, he would not be able to choose another option.
What is marginal analysis?Marginal analysis involves comparing the marginal cost or / and the marginal benefit of a decision.
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In making the best economic choices, consumers compare the benefits of the choice to.
In making the best economic choices, consumers compare the benefits of the choice to cost.
What is economic choice?economic choice can be regarded as the decision making by the consumer to choose the kind of product that is needed by them economically.
Therefore, the consumer usually consider the cost In making the best economic choices, as well as the benefits.
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answer it please ^_^
Answer:
after independence the government device specific rules to public and private sectors basic the strategic industries where the government and their public sector and the consumer goods industries were left to be diplomate and the private sector there were member of change in industry policy from the time to time
Explanation:
Evolution of business activitiesAs the new technology invented it has also an application in business . before there was no thing as e bussiness or e commerce. but not almost every person heard it somewhere. business owners tried to move their business to online to get benefits from it and it helps them to grow their business to a very extent as it provides them with lots of costumer.
so marketing is now done by customer itself.
Your company is launching several new video game modules, with a separate display ad for each console. Management wants to make sure the ad leading to the most purchases shows more often than the ads not performing as well. To achieve this goal, which type of display creative optimization would you use
Optimize for conversions is a type of display creative optimization.
What is video in-game advertisement?
Whether it's on social media or in video games, video is a crucial format for digital advertising. What users want to experience now is excellent for a dynamic, captivating video.
An object called an ad creative is made up of all the information needed to graphically generate the actual ad. The goal of conversion optimization is to increase the proportion of visitors who take the desired action on a website.
Hence, the significance of the video game is aforementioned.
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You have set up an appointment for an in-home sales presentation with mrs. Fernandez, who expressed interest in the medicare plans you represent. In preparation for the sales presentation, what must you do?.
Prior to conducting the presentation, obtain, and document having obtained her permission to visit, along with her interest in the specific products you will present.
What is a Sales Presentation?
Sales presentation is a meeting for giving the information about a product or service that you are trying to sell and persuade people to buy it.
In order to develop a winning sales presentation, one must have to plan and prepare a proper presentation which consists introduction, questioning, objectives etc.
The main objective of the sales presentation is to present your product or service in a professional manner.
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What are the 5 Economic resources categories?
Answer:
land, labor, capital, information, risk exposure and business reputation, Money and gas
The five economic resources categories are land, labor, capital, information, technology.
Economics is the study of how to use resources to produce products and services as effectively and efficiently as possible in order to meet consumers' needs and desires. In agriculture, the producer of goods or services could be an agribusiness firm producing a food product to meet consumer desires, or an agricultural producer growing a crop to satisfy the needs of a food processor. A business requires resources to produce a product (a good or service), such as labour (i.e., workers), land (e.g., a building), equipment, cash (capital), and other resources.
To summarize: in order to run a business, the manager requires resources, as well as one of the manager's responsibilities is to decide what assets to use and how to use them.
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Mr. Kitten purchased an annuity contract for $50,000 from the XYZ Company on March 31, 2022. He is to receive $1,000 per month starting April 1, 2022, and continuing for life. He has a life expectancy of 10 years as of March 31, 2022. Mr. Kitten's reportable annuity income for 2022 is:
Mr. Kitten's reportable annuity income for 2022 is:$5,250.
Annuity incomeFirst step
Expected return= 120 months × $1,000
Expected return=$120,000
Second step
Exclusion ratio=($50,000/$120,000)
Exclusion ratio=41.67%
Third step
(April 1-December 31= 9 months)
Annuity income=(9 months×$1,000) -[(9 months×$1,000)×41.67% ]
Annuity income=$9,000-($9,000×41.67%)
Annuity income=$9,000$3,750
Annuity income=$5,250
Therefore Mr. Kitten's reportable annuity income for 2022 is:$5,250.
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notes payable due in six months are reported as
A short-term liability is a payment that is due in 12 months or less. Hence notes payable due in six months is reported as a short-term liability.
What is a liability?
In the parlance of Accounting and Finance, a Liability is a financial obligation that the company owes to individuals, or organizations with which it has transactional or legal relationship.
Hence, it is correct to indicate that notes payable due in six months is reported as a short-term liability.
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The neighbors in South Mountain Village got tired of all the drug dealing and criminal activity surrounding a shop, the Mystery Market. The community boycotted the store, which eventually closed, and with the help of local financial institutions, a social services center was added to the area. What act is this an example of
The action that the community embarked on in closing the store is called the Community Reinvestment Act.
What is a Community Reinvestment Act?This refers to a situation where the community at large comes together to rid their society of social ills and try to make it more productive.
The people of South Mountain Village succeeded in closing the Mystery Market and then added a social services center to make the community better off.
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Many employers give employees a process and procedure through which to communicate unfair treatment. This process and procedure is known as a(n) ________ procedure.
When any employers give employees a process and procedure through which to communicate unfair treatment. This process and procedure is known as "grievance review" procedure.
What is grievance review?Employees may address issues relating to their employment through the Grievance Procedure, a four-step management review process, in accordance with the steps outlined in this Standard Practice Guide.
Step 1: To discuss the matter amiably with the employer.Step 2: Complain about the situation in writing.Step 3: This involves a grievance investigation.Step 4: To analyse the facts and make a conclusion, a grievance hearing might be necessary.To know more the structured grievance procedures, here
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Ace Company sells merchandise to a customer in the amount of $200 on credit, terms n/30. The entry to record this sale would include a debit to the ____________ account:
The journal entry to record the given sale of $200 on credit would include a debit to the bill receivables account.
What is a journal entry?A systematic and chronological record of financial transactions that take place in a business organization during a given period is known as a journal entry.
Hence, the significance of journal entry is given.
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In response to the need to reinforce the brand promise, ________ is about mixing and matching marketing activities to maximize their individual and collective effects.
In response to the need to reinforce the brand promise, "integrated marketing" is about mixing and matching marketing activities to maximise their individual and collective effects.
What is integrated marketing?By using integrated marketing communications, a business may make sure that all of the advertising tactics it uses are transparent, consistent, and directed at the same objectives.
The elements of integrated marketing is strategy. An integrated strategy is the foundation for everything, including
marketing, websites, creative, social media, public relations, SEO, paid social media, paid media.To know more about the main parts of a marketing plan, here
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Arthur's parents own a home appliances business. His parents along with his three older brothers manage the business together. They want Arthur to help with the business once he graduates. Arthur has agreed to join the family business without putting much thought into this decision. In this scenario, Arthur is in the status of identity referred to as Group of answer choices identity diffusion.
Arthur is in the status of identity referred to as identity foreclosure.
What is Identity foreclosure?Identity foreclosure can be defined as the stage of self or identity discovery in which a young person identify what they are capable of doing but they are yet to experience other available options.
Hence, he agreed to join the family business without thinking about his decision because he is in identity foreclosure stage.
Therefore Arthur is in the status of identity referred to as identity foreclosure.
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The optimal point on a production possibilities curve is achieved where Multiple Choice large amounts of capital goods are produced relative to consumer goods. each good is produced at a level where marginal benefits equal marginal costs. the smallest physical amounts of inputs are used to produce each good. large amounts of consumer goods are produced relative to capital goods.
Generally, on a production possibilities curve, the optimal point is achieved where each good is produced at a level where marginal benefits equal marginal costs.
What is an optimal point?On a graph, this refers to the best or most favorable point on a graph curve etc
Hence, on the a production possibilities curve, the optimal point is achieved where each good is produced at a level where marginal benefits equal marginal costs.
Therefore, the Option B is correct.
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With no trade, the equilibrium price of grapes is $2 per pound in Macroland and $4 per pound in Econoland. Government leaders in Macroland are negotiating a free trade agreement with Econoland to increase trade between the two countries. Who among consumers and producers is likely to support and who is likely to oppose the free trade agreement
Those in Macroland and Econoland who would support or oppose the free trade agreement are:
Consumers in Econoland - Support. Producers in Econoland - Oppose. Consumers in Macroland - Oppose. Producers in Macroland - Support. Who would support the free tade agreement?Consumers in Econoland would support the agreement because they would get cheaper grapes. Producers in the nation would lose market share as a result so they would oppose it.
Producers in Macroland would love to sell more grapes to another market so they would support. Consumers in the nation would oppose because grape prices might go up.
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What cortex is the decision-making and planning center of consciousness
Prefrontal cortex is the decision-making and planning center of consciousness.
What is prefrontal cortex?The prefrontal cortex is said to be the seat of planning.
The cortex is a part of the brain which is the control of all mind activity. The prefrontal is located at the front of the brain and it helps planning of activities.
Therefore, prefrontal cortex is the decision-making and planning center of consciousness.
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The ____ is a private corporation owned by a consortium of commercial banks and industrial companies, but the ____ is a self-sustaining government agency formed in 1971. a.Overseas Private Investment Corporation (OPIC); Ex-Im Bank b.Overseas Private Investment Corporation (OPIC); Private Export Funding Corporation (PEFCO) c.Private Export Funding Corporation (PEFCO); Ex-Im Bank d.Private Export Funding Corporation (PEFCO); Overseas Private Investment Corporation (OPIC)
The answer choice which represents what should fill the blank spaces respectively is; Choice B; b.Overseas Private Investment Corporation (OPIC); Private Export Funding Corporation (PEFCO).
What is OPIC and PEFCO?The Overseas Private Investment Corporation (OPIC) although aided by the government is a private corporation established in 1984 while the Private Export Funding Corporation (PEFCO) is a government agency formed in 1971.
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Progressive’s addition of a mobile app, which allows customers to start photo estimates for insurance claims, was likely created because progressive marketers noticed a change in _______.
Because the progressive marketers noticed a change in the technological environment, the firm decided to create a mobile app that allows customers to start photo estimates for insurance claims.
What is a technological environment?This have to do with a firm external environment that is related to its developments and changes in technology.
Here, the change in the technological environment birthed the firm decision to create a mobile app that allows customers to start photo estimates for insurance claims.
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last year, high-tech electronics earned $2.00 per share. if a share of its stock is selling for $60, what is the firm's p-e ratio?
Based on the calculation done below, the firm's p-e ratio is 30.
How do we calculate the p-e ratio?The price-earning (p-e) ratio can be calculated using the following formula:
p-e ratio = MPS / EPS ............................................................. (1)
Where:
MPS = Market price per share = Share selling price = $60
EPS = Earning per share = $2.00
Substituting the values into equation (1), we have:
p-e ratio = $60 / $2.00 = 30
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What is one reason that firms partner with communities to increase economic development?.
Firms collaborate with communities to increase economic development for a variety of reasons, including the development of workplace skills.
What is economic development?
Programs, methods, plans, policies, and actions that raise the standard of living in a country are referred to as "economic development."
The development of workplace skills contributes to economic growth by enhancing an employee's efficiency and working style. With the use of new technology, the firm has rapidly grown.
As a result, development of workplace skills to increase economic development.
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what is the cap rate if a building sells for $2,000,000 with an noi of $150,000?
The cap rate if a building sells for $2,000,000 with an noi of $150,000 is 7.5%
What is cap rate?This is the ratio of the net operating income (NOI) of a business to its current market value. Mathematically;
cap rate = NOI/market rate
Given the following
NOI = $150,000
Market value = $2,000,000
Substitute
cap rate = 150,000/2,000,000
cap rate = 0.075 = 7.5%
Hence the cap rate if a building sells for $2,000,000 with an noi of $150,000 is 7.5%
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Which of the following statement is correct Group of answer choices The risk of a portfolio will be a weighted average of the risk of the individual stocks The total risk can then be broken down into market risk and systematic risk The demand for stocks by investors should depend on the stocks' individual level of risk The reduction in risk that is accomplished by combining stocks in a portfolio is called diversification
The correct statement is: the reduction in risk that is accomplished by combining stocks in a portfolio is called diversification.
What is diversification?Diversification are strategies devised by organizations by investing or venturing to different business with the aim of reducing or eliminating exposures.
Hence, the correct statement is: the reduction in risk that is accomplished by combining stocks in a portfolio is called diversification.
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Two common measures of the overall level of prices are.
Two further indicators of the general level of prices are the GDP deflator and the consumer price index.
What do you mean by price level?The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level refers to the cost or price of a good, service, or security in the market.
Price level indicators track changes over time and indicate the overall level of pricing for goods and services in an economy.
The Consumer Price Index (CPI), The GDP deflator, and Producer Price Indexis the three main price level indicators that economists and policymakers frequently cite (PPI).
Therefore, the aforementioned are some of the usual indicators of price level changes.
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A decrease in the quantity supplied of iPads is caused by a(n) increase in TV advertising for iPads. increase in the number of iPad consumers. technological advancement in iPad production. drop in the price of iPads.
The correct option is D). drop in the price of iPads.
What happens to supply when prices drop?An increase in price leads to an increase in the quantity supplied of that good or service, while a decrease in price will decrease the quantity supplied.
The supply curve will move from left to the right, as the price of the commodity increases and the quantity supplied also increases.
Therefore, a decrease in the quantity supplied of iPads is caused by drop in the price of iPads.
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