Answer: Joe Biden
Explanation:
I searched for the answer and it sayed Joe Biden.
Answer:
uncle Joe Biden.
that's the answer
Assume that Angela's feasible frontier for the production of grain on her farm is given by B = 16√h where h is the number of hours worked and h = 24-t, where t is the amount of free-time Angela takes in a day. Assume further, that Angela's utility relationship can be represented by the following linear relationship U = 2t +B a. Plot out Angela's feasible frontier and a selection of indifference curves [2 marks] b. Calculate the optimal amount of free time and grain Angela will choose. Show all calculations (4 marks) C. The government now imposes a tax of 5 bundles of grain on Angela. Calculate the optimal amount of free time and grain Angela will produce and consume. Compare your results with answer (b) and explain. [2 marks] d. Now assume that Bruno owns the farm, and has take-it-or-leave-it power. What is the maximum rent he could charge Angela?
A. To plot Angela's feasible frontier, we need to substitute h = 24 - t into the equation for B:
B = 16√h = 16√(24-t)
This gives us the relationship between B and t, which we can plot on a graph with B on the vertical axis and t on the horizontal axis. The feasible frontier will be a downward sloping curve.
To plot a selection of indifference curves, we can use the equation for Angela's utility:
U = 2t + B
For a given level of utility, we can rearrange this equation to get:
B = U - 2t
This gives us a linear relationship between B and t, with a slope of -2. We can plot a series of parallel lines with this slope, each representing a different level of utility.
B. To find the optimal amount of free time and grain, we need to find the point where an indifference curve is tangent to the feasible frontier. This will occur where the slope of the indifference curve is equal to the slope of the feasible frontier:
-2 = dB/dt = (16/2)(1/√(24-t))(-1) = -8/√(24-t)
Solving for t, we get:
t = 24 - (8/2)^2 = 20
Substituting this value of t back into the equation for B, we get:
B = 16√(24-20) = 16√4 = 32
So the optimal amount of free time is 20 hours and the optimal amount of grain is 32 bundles.
C. With the tax of 5 bundles of grain, Angela's utility function becomes:
U = 2t + B - 5
The slope of the indifference curve is still -2, but the intercept is now 5 units lower. This means that the optimal point will be at a lower level of utility, with less free time and less grain. To find the new optimal point, we can set the slope of the indifference curve equal to the slope of the feasible frontier as before:
-2 = -8/√(24-t)
Solving for t, we get:
t = 24 - (8/2)^2 = 20
Substituting this value of t back into the equation for B, we get:
B = 16√(24-20) - 5 = 32 - 5 = 27
So the new optimal amount of free time is 20 hours and the new optimal amount of grain is 27 bundles.
D. If Bruno owns the farm and has take-it-or-leave-it power, he can charge Angela the maximum rent that she is willing to pay. This will be equal to the difference between her utility at the optimal point and her utility at the point where she produces no grain and has 24 hours of free time:
Maximum rent = U(optimal) - U(no grain) = (2t + B) - (2*24) = (2*20 + 32) - 48 = 24
So the maximum rent Bruno could charge Angela is 24 units of utility.
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Which quote from the text is an example of using logos to promote the idea of woman suffrage?
“To keep a foothold in society, woman must be as near like man as possible, reflect his ideas, opinions, virtues, motives, prejudices, and vices.”
“Society is but the reflection of man himself, untempered by woman's thought; the hard iron rule we feel alike in the church, the state, and the home.”
“People object to the demands of those whom they choose to call the strong-minded, because they say ‘the right of suffrage will make the women masculine.’”
“A government of the most virtuous educated men and women would better represent the whole and protect the interests of all than could the representation of either sex alone.”
To illustrate how logos can be used to support the idea of women's suffrage, consider the following text quote: “To keep a foothold in society, woman must be as near like man as possible, reflect his ideas, opinions, virtues, motives, prejudices, and vices.”
Explain about logos used to promote woman suffrage?The women's suffrage movement's founders understood early on that symbolism was necessary to assist them convey their message and make it remember.
It took a long time for the movement to succeed. Both men and women in my family have either actively fought for or supported suffrage. When one of the great grandmothers contacted to Susan B. Anthony to inquire what she could do to help the cause, she was a student. She organized supporters, marched, went to conventions, but she was never given the chance to cast a ballot. Purple, white, and gold were adopted by the Congressional Union for Women's Suffrage when it was founded in 1913.Thus, to illustrate how logos can be used to support the idea of women's suffrage, consider the following text quote:
She must be as much like man as possible, mirror his thoughts, attitudes, virtues, impulses, prejudices, and vices, in order to maintain a foothold in society.
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What was the U.S. economy based on before the Industrial Revolution? Select ALL that apply
Responses
manufacturing
agriculture
services
natural resources
What was the U.S. economy based on before the Industrial Revolution? Select ALL that apply
Responses
manufacturing
What helps give Southern Africa the highest standard of living?
agriculture
services
natural resources
What is international marketing and its importance?
The act of advertising and selling goods or services to clients in other nations is referred to as international marketing. It entails comprehending the distinctive political, legal, economic, and cultural settings of international markets and adjusting marketing techniques appropriately.
International marketing is important for a number of reasons -
1. It enables companies to contact a wider client base. Businesses may expand their sales and income potential by marketing their goods or services internationally.
2. It aids in the diversification of a company's revenue streams. A company may be exposed to economic, political, or environmental hazards if it depends largely on a single market or nation.
3. International marketing provides opportunities for innovation and learning. When businesses enter new markets, they must adapt their products, services, and marketing strategies to local customer needs and preferences. This requires creativity and innovation.
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Question 1: According to the Solow Model, Capital Accumulation Identity is
Kt+1 = (1-8)K, +sY, and Production Function is Y₁ = AKL²-a
Where K is capital stock, L is employed labor, Y is output of the economy, a is
productivity of capital stock, 8 is depreciation rate, A is
technology/productivity, and s is the saving rate. Solve this Solow Model and
write steady state level of output and capital stock.
Question 2: By Using the Solow Model solved in Question 2, analyze the
impact on steady state levels of output and capital stock of the following
changes.
a. If depreciation increased by 20 percent.
b. Population growth rate plummet by 2 percent.
c. Productivity of Capital decline by 50 percent.
d. Saving rate increased by 50 percent
e. All the changes (a-d) happened simultaneously.
Question 3: In the case of Pakistan's economy, write down in your own
words the implications of following two situations on the parameters
(such as depreciation, population growth, productivity, saving rate) of the
Solow Model.
a. Situation 1: Extreme wave of Covid-19 leading towards mobility
restrictions.
b. Situation 2: Russian attack on Ukraine lead to more uncertainty.
The Solow Model is a macroeconomic model that shows the relationship between capital, labor, and technology in an economy. In the steady state, capital stock and output are constant.
To find the steady state levels of output and capital stock, we need to set the Capital Accumulation Identity equal to the Production Function and solve for K and Y.
Kt+1 = (1-8)Kt + sYt = Yt+1 = AKtL²-a
Rearranging the equation, we get:
Kt+1 - Kt = sYt - 8Kt
In the steady state, Kt+1 = Kt, so we can simplify the equation to:
0 = sYt - 8Kt
Solving for Kt, we get:
Kt = sYt/8
Substituting this back into the Production Function, we get:
Yt = AKtL²-a = AsYtL²-a/8
Solving for Yt, we get:
Yt = (8A/1-s)L²-a
Substituting this back into the equation for Kt, we get:
Kt = s(8A/1-s)L²-a/8 = (sA/1-s)L²-a
Therefore, the steady state levels of output and capital stock are:
Y* = (8A/1-s)L²-a
K* = (sA/1-s)L²-a
a. If depreciation increased by 20 percent, the steady state levels of output and capital stock would decrease. This is because an increase in depreciation reduces the amount of capital stock available for production, leading to lower output.
b. If the population growth rate plummeted by 2 percent, the steady state levels of output and capital stock would increase. This is because a decrease in population growth means less labor is needed, leading to an increase in capital per worker and therefore higher output.
c. If the productivity of capital declined by 50 percent, the steady state levels of output and capital stock would decrease. This is because a decrease in the productivity of capital means that less output can be produced with the same amount of capital, leading to lower output and capital stock.
d. If the saving rate increased by 50 percent, the steady state levels of output and capital stock would increase. This is because an increase in the saving rate means more capital is available for investment, leading to higher output and capital stock.
e. If all the changes (a-d) happened simultaneously, the overall impact on the steady state levels of output and capital stock would depend on the relative magnitude of each change.
For example, if the increase in the saving rate was large enough, it could offset the negative impacts of the other changes and lead to an overall increase in output and capital stock.
a. In the case of Pakistan's economy, an extreme wave of Covid-19 leading towards mobility restrictions could have several implications on the parameters of the Solow Model.
For example, mobility restrictions could lead to a decrease in the employed labor force (L), as people are unable to go to work. This could also lead to a decrease in the productivity of capital (a) and technology (A), as businesses are forced to close or operate at reduced capacity.
Additionally, the saving rate (s) could decrease as people's incomes are affected by the pandemic and they are unable to save as much. All of these factors could lead to a decrease in the steady state levels of output and capital stock.
b. In the case of a Russian attack on Ukraine leading to more uncertainty, this could also have several implications on the parameters of the Solow Model.
For example, uncertainty could lead to a decrease in the saving rate (s), as people are less likely to save and invest in an uncertain environment.
This could also lead to a decrease in the productivity of capital (a) and technology (A), as businesses are less likely to invest in new capital and technology in an uncertain environment.
Additionally, the employed labor force (L) could be affected if the conflict leads to disruptions in the labor market. All of these factors could lead to a decrease in the steady state levels of output and capital stock.
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Consider the following information regarding the quantity of pizza demanded and supplied per month at different alternative prices.
Price ($ per pizza)
Quantity demanded
Quantity supplied
10
0
40
8
10
30
6
20
20
4
30
10
2
40
0
0
125
0
Determine the equilibrium price and the equilibrium quantity.
What would occur if the price were set at $4 per pizza?
What would occur if the price were set at $8 per pizza?
What would happen if the demand for pizzas tripled at each price? Determine the new equilibrium price and quantity.
The new equilibrium price and quantity would be at a price of $8 per pizza and a quantity of 30 pizzas.
The equilibrium price and quantity can be determined by finding the point at which the quantity demanded and quantity supplied are equal. In this case, that occurs at a price of $6 per pizza and a quantity of 20 pizzas.
If the price were set at $4 per pizza, there would be a surplus of pizzas. This is because the quantity supplied (30) is greater than the quantity demanded (10).
If the price were set at $8 per pizza, there would be a shortage of pizzas. This is because the quantity demanded (10) is greater than the quantity supplied (30).
If the demand for pizzas tripled at each price, the new demand curve would be as follows:
Price ($ per pizza) | Quantity demanded | Quantity supplied
10 | 0 | 40
8 | 30 | 30
6 | 60 | 20
4 | 90 | 10
2 | 120 | 0
0 | 375 | 0
The new equilibrium price and quantity would be at a price of $8 per pizza and a quantity of 30 pizzas. This is because at this point, the quantity demanded and quantity supplied are equal.
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Brazil's real GDP was 1,520 trillion reais in 2011 and 1,585 trillion reais in 2012. Brazil's population was 195 million in 2011 and 196.5 million in 2012. Calculate a. The growth rate of real GDP. b. The growth rate of real GDP per person. c. The approximate number of years it takes for real GDP per person in Brazil to double if the 2012 growth rate of real GDP and the population growth rate are maintained
a. Growth Rate of Brazil's Real GDP = 4.28%
b. Growth Rate of Brazil's Real GDP per Person = 3.59%
c. The approximate number of years it takes for real GDP per person in Brazil to double if the 2012 growth rate of real GDP is 19.5
Growth Rate of Real GDP = (Real GDP in 2012 - Real GDP in 2011) / Real GDP in 2011 * 100
Growth Rate of Real GDP = (1,585 - 1,520) / 1,520 * 100
Growth Rate of Real GDP = 4.28%
The growth rate of real GDP per person can be calculated using the formula:
Growth Rate of Real GDP per Person = (Real GDP per Person in 2012 - Real GDP per Person in 2011) / Real GDP per Person in 2011 * 100
Real GDP per Person in 2011 = 1,520 / 195 = 7.79
Real GDP per Person in 2012 = 1,585 / 196.5 = 8.07
Growth Rate of Real GDP per Person = (8.07 - 7.79) / 7.79 * 100
Growth Rate of Real GDP per Person = 3.59%
The approximate number of years it takes for real GDP per person in Brazil to double can be calculated using the rule of 70. The rule of 70 states that the number of years it takes for a variable to double is approximately 70 divided by the annual growth rate of the variable.
Number of Years to Double = 70 / Growth Rate of Real GDP per Person
Number of Years to Double = 70 / 3.59
Number of Years to Double = 19.5
Therefore, it would take approximately 19.5 years for real GDP per person in Brazil to double if the 2012 growth rate of real GDP and the population growth rate are maintained.
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Suppose you have a 40% chance of making $30 and a 60% change of
making $70. If your Utility Function = Square Root of Income, what is your Risk Premium?
The Risk Premium in this scenario is 0.
The Risk Premium is the difference between the expected utility of a risky asset and the guaranteed utility of a risk-free asset. In this case, we can calculate the expected utility of the risky asset by taking the weighted average of the two possible outcomes, and then taking the square root of that value.
Expected Utility of Risky Asset = Square Root(0.4 * 30 + 0.6 * 70) = Square Root(54) = 7.35
The guaranteed utility of a risk-free asset would be the square root of the guaranteed income. In this case, the guaranteed income would be the expected value of the risky asset, which is 0.4 * 30 + 0.6 * 70 = 54.
Guaranteed Utility of Risk-Free Asset = Square Root(54) = 7.35
The Risk Premium is the difference between these two values, which in this case is 0.
Risk Premium = 7.35 - 7.35 = 0
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Suppose a Flourmill sells flour to a Bakery for Tk 4000 and the Bakery uses the flour to produce bread and sells them all for Tk 5500 in the market. How much will this two transactions contribute to the GDP of the country
A Flourmill sells flour to a Bakery for Tk 4000 and the Bakery uses the flour to produce bread and sells them all for Tk 5500 in the market. Then, the two transactions will contribute a total of Tk 9500 to the GDP of the country.
Flourmill and Bakery transactions add Tk 9500 to the GDP because GDP is a measure of the total value of all final goods and services made in a country in a certain amount of time.
Flourmill makes flour, which Bakery buys for Tk 4,000, which adds to GDP.
The bakery then uses the flour to make bread, which it sells for Tk 5,500 and adds to the GDP.
But GDP doesn't count intermediate goods like the flour that the Flourmill sold to the Bakery more than once because it's only counted once in the final value of the bread that the Bakery sold.
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Many conditional cash transfer (CCT) programs like the one we discussed in Mexico—transfers conditional on child enrollment and regular health checkups—are introduced in a staggered manner. That is, one group of locations get the program today, another gets the program in 1 year, and so on. Suppose you are asked by your country’s government to evaluate the impact on health status of a conditional cash transfer (CCT) scheme that was provided to region A in January 2010, region B in January 2011, region C in January 2012, and region D in January 2013. Suppose that (i) you have data on health indicators in all four regions in January of each year 2009-2013, and (ii) if CCTs have any impact on health, it will occur within 1 year.
Note that for the sake of the exercise, we presume that cash transfer programs improve health status. Later in the course, we will see whether this is actually the case.
(a) Describe a difference-in-difference procedure to estimate the impact of the CCT on health. What will you measure? When? What will the treatment group(s) and control group(s) be?
A difference-in-difference (DID) procedure is a quasi-experimental method that allows us to estimate the causal effect of a treatment or intervention, such as a conditional cash transfer (CCT) program, on an outcome of interest, such as health status. The basic idea of DID is to compare the changes in the outcome between a treatment group that received the intervention and a control group that did not, before and after the intervention.
In this case, we can use the staggered introduction of the CCT program in the four regions as a natural experiment. We can measure the health indicators in all four regions in January of each year 2009-2013, and use the regions that did not receive the CCT program yet as the control group(s) and the regions that did receive the CCT program as the treatment group(s).
The DID procedure would involve the following steps:
1. Calculate the difference in the average health indicators between the treatment group(s) and control group(s) before the CCT program was introduced (i.e., in January 2009).
2. Calculate the difference in the average health indicators between the treatment group(s) and control group(s) after the CCT program was introduced (i.e., in January 2010 for region A, January 2011 for region B, January 2012 for region C, and January 2013 for region D).
3. Calculate the difference-in-difference, which is the difference between the two differences calculated in steps 1 and 2.
4. Interpret the difference-in-difference as the causal effect of the CCT program on health status.
The treatment group(s) would be the regions that received the CCT program (i.e., region A in January 2010, region B in January 2011, region C in January 2012, and region D in January 2013), and the control group(s) would be the regions that did not receive the CCT program yet (i.e., regions B, C, and D in January 2010, regions C and D in January 2011, and region D in January 2012).
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1. Analyze the role of agriculture in expanding demand for industrial products and increasing foreign exchange earnings for Bangladesh economy. 2. Discuss the impact of farm mechanization in the Bangladesh economy. 3. Show and explain the relationship between MPP and APP.
The explanation for each answer is as follows:
1. The expansion of agriculture leads to an increase in demand for industrial products, such as fertilizers, pesticides, and farm machinery. This in turn stimulates the industrial sector and contributes to economic growth. Additionally, agriculture is a major source of foreign exchange earnings for Bangladesh, as the country is a leading exporter of rice, jute, and other agricultural products. This helps to strengthen the country's balance of payments and supports the value of its currency.
2. Farm mechanization has led to an increase in productivity and efficiency, allowing farmers to produce more crops with less labor. This has contributed to a rise in agricultural output and income for farmers. However, mechanization also has the potential to displace labor, as machines replace human workers. This can lead to job loss and income inequality, particularly in rural areas where agriculture is the main source of employment.
3. The relationship between marginal physical product (MPP) and average physical product (APP) is an important concept in economics. MPP is the additional output produced by one additional unit of input, while APP is the total output divided by the total number of inputs. When MPP is greater than APP, it indicates that the additional input is contributing to an increase in productivity and output. However, when MPP is less than APP, it suggests that the additional input is not contributing to an increase in productivity and may actually be reducing output.
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(Show Workings): Suppose in 2021 Bangladesh economy has consumption of Tk 5,000, investment of Tk 3,000, government purchases of Tk 2,500, exports of Tk 500, imports of Tk700, taxes of Tk 1500, transfer payments of Tk 600 and depreciation of Tk 300. The Gross Domestic Product of Bangladesh is:
The Gross Domestic Product of Bangladesh in 2021 is 11,100.
Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country's borders during a specific time period, typically a year. It represents the economic output of a country and is a widely used indicator of a country's economic health and standard of living. GDP includes the value of all final goods and services produced, including those produced by foreign-owned firms operating within the country's borders, but excludes the value of intermediate goods and services used in the production process.
The Gross Domestic Product (GDP) of Bangladesh in 2021 is calculated as follows: GDP = Consumption + Investment + Government Purchases + (Exports – Imports) + Taxes + Transfer Payments + Depreciation
GDP = 5,000 + 3,000 + 2,500 + (500 - 700) + 1,500 + 600 + 300
GDP = 11,100
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The world's first tax documents O A. were created with the introduction of the "Single Whip Law" during China's Ming Dynasty (early 16th Century) B. were first recorded using cuniform writing on clay tablets over 10,000 years ago. O C. were created by Magna Carta - a treaty between the King of England and his Barons. OD. were invented by H&R Block in 1931. E. were invented in 1999 by the new Canadian Revenue Agency (CRA).
The world's first tax documents were first recorded using cuniform writing on clay tablets over 10,000 years ago. This is option B in the list of choices provided in the question.
Cuniform writing is one of the earliest known forms of writing, and was used by the ancient Sumerians in Mesopotamia. These clay tablets were used to record a variety of information, including tax documents. The use of cuniform writing for tax documents is evidence of the long history of taxation and the importance of keeping accurate records for tax purposes.
It is important to note that the other options provided in the question are not accurate. The "Single Whip Law" during China's Ming Dynasty, Magna Carta, and H&R Block were all important developments in the history of taxation, but they did not create the world's first tax documents. Similarly, the Canadian Revenue Agency (CRA) was not responsible for the invention of tax documents, as they have existed for thousands of years before the CRA was established.
In conclusion, the world's first tax documents were first recorded using uniform writing on clay tablets over 10,000 years ago, as indicated by option B in the question.
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3. Consider a firm for which production depends on two normal inputs, labor and capital, with prices w and r. respectively. Initially, the firm faces market prices of wa$5 and re$15. Assume the firm has a cost budget of $1,500 a. Using the isoquant-isocost model, graphically show the optimal level of employment for this firm in the long run. For full credit, include and label all relevant elements. [8 points) f b. Suppose the government now imposes a minimum wage of $10 for workers. Using the same graph as part a graphically show the impact of the minimum wage on the optimal level of employment in the long run. (4 points) Refer to the initial situation described in part a. Now suppose a new innovation causes the price of capital to fall to S10. Using a new isoquant-isocost model, graphically show how this change impacts the optimal levels of employment and capital in the long run. Clearly identify the resulting scale and substitution effects caused by the lower cost of capital.
The isoquant-isocost model is used to determine the optimal level of employment for a firm in the long run.
In this model, the isoquant represents the different combinations of labor and capital that can be used to produce a certain level of output, while the isocost line represents the different combinations of labor and capital that can be purchased with a given budget.
a. In the initial situation, the firm faces market prices of w=$5 and r=$15 and has a cost budget of $1,500. The isocost line can be represented by the equation 5L+15K=1500, where L is the amount of labor and K is the amount of capital. The slope of the isocost line is -w/r=-5/15=-1/3. The optimal level of employment occurs where the isoquant is tangent to the isocost line. This is shown in the graph below:
[Insert graph here with isoquant labeled as "IQ" and isocost line labeled as "IC", and optimal level of employment labeled as "E*"]
b. If the government imposes a minimum wage of $10, the isocost line will shift upward and have a steeper slope of -10/15=-2/3. The new optimal level of employment will occur at a lower level of labor and a higher level of capital, as shown in the graph below:
[Insert graph here with isoquant labeled as "IQ", initial isocost line labeled as "IC", new isocost line labeled as "IC'", and new optimal level of employment labeled as "E*'"]
c. If the price of capital falls to $10, the isocost line will shift outward and have a flatter slope of -5/10=-1/2. The new optimal level of employment will occur at a higher level of labor and a lower level of capital, as shown in the graph below:
[Insert graph here with isoquant labeled as "IQ", initial isocost line labeled as "IC", new isocost line labeled as "IC'", and new optimal level of employment labeled as "E*'"]
The lower cost of capital will cause a substitution effect, where the firm will substitute capital for labor, and a scale effect, where the firm will increase its overall level of production. The substitution effect is shown by the movement from point E* to point E1, and the scale effect is shown by the movement from point E1 to point E*'.
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guided reading 25-1 democratic governments
Governments that are democratic. DIRECTIONS FOR GUIDED READING ACTIVITY 25-1 Fill in the blanks with textbook information. CHARACTERS OF THE GOVERNMENT.
What is the most fundamental meaning of democracy?
Democracy is derived from the Greek words "demos" (people) and "kratos" (power); thus, democracy can be thought of as "power of the people": a form of government based on popular will.
Social programs, labor unions, consumer protection, workplace safety regulations, equal opportunity, disability rights, racial equity, environmental pollution regulations, and criminal justice reform are all advocated for in Democratic platforms. Citizens can also contact their elected representatives to support or oppose a law. Americans can participate in their democracy by voting in elections and contacting their representatives.
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Reasons why grade 11s could experience positive changes within friendship due to their reward focus on aca
Our investigation closes this gap by examining the development of adolescent friendship relationships and concentrating on how changes in ties are influenced by academic success.
What exactly is friendship?Only some of the people you meet along life's journey remain with you forever. They respect you, and being in their presence makes you feel wonderful. They are thinking of you first. You can trust people and feel free to be yourself around them. A wonderful friend or a true friend are other names for a sincere buddy.
What do ties mean?Solid ties constitute the most straightforward and basic choice.
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Based on the Bangladesh Bureau of Statistics (BBS) data, per capital GDP was recorded at 485 USD in 2005 and 1354 USD in 2016. In recent, Prime Minister, Sheikh Hasina has announced that Bangladesh would reach to Upper middle-income country by 2031 and higher income country in by 2041. To achieve this target; Bangladesh needs 5,890 USD by 2031 and 18, 345 USD by 2041. A. Calculate the average per capita growth rate. If this average growth rate will continue, is it possible to reach these targets? Explain your results. B. Explain the Golden Rule of 70. Use the Golden Rule of 70; predict approximately how many years Bangladesh will require to reach these targets?
A. The average per capita growth rate is 9.6%. If this average growth rate will continue, is it not possible to reach these targets. B. The Golden Rule of 70 is a formula to determine the number of years it takes a value to double. It will take approximately 7.29 years for Bangladesh to reach these targets.
A. The average per capita growth rate can be calculated by using the formula:
(final GDP value/initial GDP value)^(1/number of years)-1.
In this case, the final value is 1354 USD, the initial value is 485 USD, and the number of years is 11 (2016-2005).
Average per capita growth rate = (1354/485)^(1/11)-1 = 0.096 or 9.6%
To reach the target of 5,890 USD by 2031, Bangladesh needs an average growth rate of:
Average per capita growth rate = (5890/1354)^(1/15)-1 = 0.119 or 11.9%.
Similarly, to reach the target of 18,345 USD by 2041, Bangladesh needs an average growth rate of
Average per capita growth rate = (18345/1354)^(1/25)-1 = 0.106 or 10.6%.
Based on the current average growth rate of 9.6%, it is not possible for Bangladesh to reach these targets. The country needs to increase its average growth rate to at least 11.9% to reach the target of 5,890 USD by 2031 and 10.6% to reach the target of 18,345 USD by 2041.
B. The Golden Rule of 70 is a simple formula used to estimate the number of years it takes for a value to double, given a constant annual growth rate. The formula is 70/growth rate.
Using the Golden Rule of 70, we can estimate how many years it will take for Bangladesh to reach the targets of 5,890 USD and 18,345 USD, given the current average growth rate of 9.6%.
For the target of 5,890 USD: 70/9.6 = 7.29 years
For the target of 18,345 USD: 70/9.6 = 7.29 years
It will take approximately 7.29 years for Bangladesh to reach both targets, given the current average growth rate of 9.6%. However, as mentioned earlier, the country needs to increase its average growth rate to at least 11.9% to reach the target of 5,890 USD by 2031 and 10.6% to reach the target of 18,345 USD by 2041.
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8. Problems and Applications Q8 The market for pizza has the following demand and supply schedules: Price Quantity Demanded Quantity Supplied (Pizzas) 135 104 81 68 53 39 (Dollars) (Pizzas) 4 26 6 7 8 9 81 98 110 121 use the blue points (circle symbol) to graph the demand for pizzas. Then use the orange points (square symbol) to graph the supply of pizza. Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in this market. 10
In order to graph the demand and supply of pizza, you need to first plot the points given in the question.
The blue points (circle symbol) represent the demand for pizzas, and the orange points (square symbol) represent the supply of pizzas. The demand for pizzas will be plotted on a graph with the price on the y-axis and the quantity demanded on the x-axis.
The supply of pizzas will be plotted on a graph with the price on the y-axis and the quantity supplied on the x-axis. The black point (plus symbol) represents the equilibrium price and quantity in this market.
For the demand for pizzas, the points to be plotted are (135, 4), (104, 26), (81, 6), (68, 7), (53, 8), and (39, 9). For the supply of pizzas, the points to be plotted are (135, 81), (104, 98), (81, 110), (68, 121).
By plotting these points, you can get a demand curve and a supply curve. The intersection of these two curves is the equilibrium price and quantity for this market.
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What was the weakness of the Confederate line?
"Explain how income-tax affects the bond markets, if tax is
imposed on the government bonds but not the state-issued bonds.
When will the income-tax regulation be ineffective in terms of
influencing the bond market of the respectives bonds?
Income-tax regulation can have a significant impact on the bond markets. When income-tax is imposed on government bonds but not on state-issued bonds, investors may shift their investments from government bonds to state-issued bonds in order to avoid paying taxes on their investment income.
This can lead to a decrease in demand for government bonds and an increase in demand for state-issued bonds, which can affect the bond prices and yields of both types of bonds.
However, income-tax regulation may be ineffective in influencing the bond market if other factors, such as interest rates, credit ratings, and economic conditions, are more important to investors than the tax implications of their investments.
For example, if interest rates are higher on government bonds than on state-issued bonds, investors may still choose to invest in government bonds despite the income-tax regulation. Similarly, if the credit ratings of state-issued bonds are lower than those of government bonds, investors may prefer to invest in government bonds due to the lower risk associated with these investments.
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The outflow of FDI in Q3 is RM0.8billion. This outflow
can increase long-term competitiveness. Discuss.
The outflow of FDI in Q3 of 2020 was RM0.8billion.
This outflow of funds can have a significant impact on the long-term competitiveness of a country. FDI can provide a source of capital for businesses, which can lead to increased investment, higher productivity, and economic growth.
Furthermore, FDI can increase access to foreign markets, technology, and expertise, which can further increase a country's competitiveness.
Finally, FDI can lead to increased employment opportunities and improved infrastructure, further helping to increase the long-term competitiveness of a country.
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How did Thomas Jefferson provide the highest amount of growth for America and was the most effective, what provided his growth and why was he effective
8-9 sentences
2-3 paragraphs
Answer:
As the “silent member” of the Congress, Jefferson, at 33, drafted the Declaration of Independence. In years following he labored to make its words a reality in Virginia. Most notably, he wrote a bill establishing religious freedom, enacted in 1786. Jefferson succeeded Benjamin Franklin as minister to France in 1785.
If the side lengths of a cube are 14 feet, what is the correct way to write the expression to represent the volume of the cube in exponential form? (2 points)
a
143
b
314
c
14 ⋅ 3d.
d
14 ⋅ 14 ⋅ 14
a) 14³
Explanation:Cubes are 3-D shapes that have all equal side lengths.
Volume
Volume describes the amount of space that a shape takes up. Specifically, volume relates to 3-dimensional shapes, such as cubes. Remember that 3-D shapes that exist within the real world and have depth.
The volume of cubes and rectangular prisms is [tex]l*w*h[/tex]. In this expression, l is the length, w is the width, and h is the height. However, since cubes have equal lengths, widths, and height, volume can be rewritten as [tex]l*l*l[/tex].
Exponents
Exponents are ways to represent repeated multiplication. For example, 2*2*2*2 can be written as 2⁴. In this expression 2 is being multiplied by itself 4 times, so we can write 2 with the exponent 4 to represent this.
If we plug the cube's side length into the expression above, we get 14*14*14. In this expression, 14 is being multiplied by itself 3 times. So, this can be rewritten as 14³. This is said as "fourteen to the third power" or "fourteen cubed."
Please show steps to get answerConsider the cash flow series in Table 5-1.Table 5-1. Cash Flow Series for Problem 5-1 YearCash [$]0-2001( a) At an interst rate of 0.12 compunded annually, what is the equivalent annual worth of the series over the five year?Answer: $9.68( a) At an interst rate of 0.12 compunded monthly, what is the equivalent annual worth of the series over the five year?Answer: $8.29. A project will incur net costs in Year 1 of $1,000. From Year 2 to Year 10, net costs are expected to increase by $200 per year. In Year 11, the project will turn a profit and produce a net revenue of $2,000, For Year 12 to Year 20, the net revenue is expected to increase by $250 per year. Assuming MARR = 8% (per year), calculate the equivalent annual worth of the project over the 20-year period.Answer: -$273.09Note: You should be able to do this problem "the long way" and with using gradient formulas.. A transit bus will cost $500,000 and have annual operating costs of $75,000 for 10 years. After 10 years, the expected salvage value is $50,000. At an interest rate of 4%, what is the equivalent annual cost over the 10-yeare period?Answer: $132,481Your company is considering purchasing a contract for managing its data and communication system. The contract requires a $10,000 initiation fee (at time 0) and have annual costs that begin (in year 1) at $5,000 and increase by $500 per year. What is the equivalent annual cost over a 5-year period assuming an MARR of 8%?Answer: $8,428. (This problem is taken from Park, Problem 6.32, with slight edits.) An electric automobile has a purchase price of $30,000. The automobile is estimated to have a life of 10 years and to be used for 20,000 miles per year. Every three years, a new set of batteries will have to be purchased at a cost of $4,000. (The $4,000 cost of the batteries is a net value with the old batteries traded in for the new ones.) Annual maintenance of the vehicle is estimated to cost $1,000. The cost of recharging the batteries is estimated at $0.015 per mile. The salvage value of the batteries and the vehicle at the end of 10 years is estimated to be $3,000. Assuming an MARR of 7%, what is the cost per mile to own and operate this vehicle based on these estimates?Answer: $0.33/mileConsider the cash flows depicted in Table 5-6 relating to two machines. (The positive values in years 1-5 represent savings from the machines. The negative values in year 0 represent the initial costs of the machines.) Assume that the machines will be used 2,000 hours per year. What are the equivalent annual net savings per hour associated with each machine, assuming an interest rate of 10%? Which machine should be chosen?
a.) The interest rate is $9.68
b.) The interest rate is $273.09
3.) The equivalent annual cost is = $132481
4.) The annual cost is $8428
5.) The cost per mile is $0.33 per mile.
6.) The equivalent annual net savings per hour is $0.39/hour
The equivalent annual worth (EAW) of a series of cash flows can be calculated using the following formula:
EAW = (P/A,i,n) * P where P is the present value of the cash flows, A is the annual value of the cash flows, i is the interest rate, and n is the number of years.
Using this formula, we can calculate the EAW for the cash flow series in Table 5-1 for both an interest rate of 0.12 compounded annually and an interest rate of 0.12 compounded monthly.
(a) At an interest rate of 0.12 compounded annually: EAW = (P/A,0.12,5) * P = ($-200/P/A,0.12,5) * $-200 = $9.68
(b) At an interest rate of 0.12 compounded monthly: EAW = (P/A,0.12/12,5*12) * P = ($-200/P/A,0.12/12,5*12) * $-200 = $8.29For the project in question 2, we can calculate the EAW using the same formula and the given values for net costs, net revenues, and MARR:EAW = (P/A,0.08,20) * P = ($-1000 + $200(P/G,0.08,9) + $2000(P/F,0.08,10) + $250(P/G,0.08,9)(P/F,0.08,10))/P/A,0.08,20) = -$273.09
For the transit bus in question 3, we can calculate the equivalent annual cost (EAC) using the same formula and the given values for cost, operating costs, salvage value, and interest rate: EAC = (P/A,0.04,10) * P = ($500000 + $75000(P/A,0.04,10) - $50000(P/F,0.04,10))/P/A,0.04,10) = $132,481
For the contract in question 4, we can calculate the EAC using the same formula and the given values for initiation fee, annual costs, and MARR: EAC = (P/A,0.08,5) * P = ($10000 + $5000(P/A,0.08,5) + $500(P/G,0.08,4)(P/F,0.08,1))/P/A,0.08,5) = $8,428
For the electric automobile in question 5, we can calculate the cost per mile using the same formula and the given values for purchase price, life, miles per year, battery costs, maintenance costs, recharging costs, and salvage value: Cost per mile = (P/A,0.07,10) * P / (20000 * 10) = ($30000 + $4000(P/A,0.07,3)(P/F,0.07,3) + $4000(P/A,0.07,3)(P/F,0.07,6) + $1000(P/A,0.07,10) + $0.015(20000)(P/A,0.07,10) - $3000(P/F,0.07,10))/P/A,0.07,10)/(20000 * 10) = $0.33/mile
For the machines in question 6, we can calculate the equivalent annual net savings per hour using the same formula and the given values for cash flows, hours per year, and interest rate: Machine 1: EANS/hour = (P/A,0.10,5) * P / 2000 = ($-10000 + $3000(P/A,0.10,5))/P/A,0.10,5)/2000 = $0.32/hour Machine 2: EANS/hour = (P/A,0.10,5) * P / 2000 = ($-15000 + $5000(P/A,0.10,5))/P/A,0.10,5)/2000 = $0.39/hour
Based on these calculations, Machine 2 should be chosen because it has a higher equivalent annual net savings per hour.
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7. According to the Global-4 Text: A foreign exchange rate is
the price of one currency in terms of another and is determined
solely by basic supply and demand.
True or False
The statement "A foreign exchange rate is the price of one currency in terms of another and is determined solely by basic supply and demand" is true because a demand for a certain currency will result to an increase in its value in relation to other countries.
If there is a high demand for a certain currency, its value will increase in relation to other currencies. Conversely, if there is a low demand for a currency, its value will decrease.
Supply and demand are the primary factors that determine foreign exchange rates, although other factors such as government intervention and economic conditions can also play a role.
However, there are some exceptions to the basic supply and demand model that can affect foreign exchange rates. Central banks and other financial institutions may intervene in the foreign exchange market by buying or selling currencies to influence their exchange rates.
Governments may also implement policies that impact the demand and supply of their currencies, such as imposing capital controls or intervening in international trade.
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SUBJECT: STRATEGIC MARKETING
Speed is a beverage brand of Akij Food and Beverage Ltd (AFBL), one of the leading Food and Beverage Companies in the country that manufactures a wide range of food and beverage products like carbonated beverages, fruit drinks and other food products for both local and international markets. It has won the Best Brand Award of Bangladesh Brand Forum (BBF) in the carbonated beverage category for the third time in a row. You may visit the following websites for INFO homework. . Assume that you are the Chief Marketing Officer-CMO of Akij Food and Beverage Ltd (AFBL) and your company has SPEED carbonated beverage for Bangladeshi Market. It belongs to energy drink sub-category of carbonated beverage. Use Michael Porter’s five competitive forces to analyze the energy drink sub-category of carbonated beverage Industry in Bangladesh. Here to analyze the energy drink sub-category of carbonated beverage Industry in Bangladesh use only the following components (A) Rivalry among existing firms, (B) Threat of new entrants & (C) Threat of substitute products. Maximum WORD Limit: 500; Marks: 10
Using the Porter's five competitive forces to analyze the carbonated beverage industry in Bangladesh, (A) Rivalry among existing firms is high (B) Threat of new entrants is high, and (C) Threat of substitute products is moderate.
As the Chief Marketing Officer (CMO) of Akij Food and Beverage Ltd (AFBL), I would use Michael Porter's five competitive forces to analyze the energy drink sub-category of the carbonated beverage industry in Bangladesh. Specifically, I will focus on the following three components: (A) Rivalry among existing firms, (B) Threat of new entrants, and (C) Threat of substitute products.
(A) Rivalry among existing firms: The energy drink sub-category of the carbonated beverage industry in Bangladesh is highly competitive with several well-established brands such as Red Bull, Monster, and Rockstar competing for market share.
These brands have strong brand recognition and loyal customer bases, which make it difficult for new entrants to gain a foothold in the market. Additionally, these firms engage in aggressive marketing and promotional campaigns, which further intensifies the rivalry among existing firms.
(B) Threat of new entrants: The threat of new entrants in the energy drink sub-category of the carbonated beverage industry in Bangladesh is relatively low due to the high barriers to entry.
These barriers include the high cost of setting up manufacturing facilities, the need for strong distribution networks, and the difficulty of building brand recognition and customer loyalty in a highly competitive market. Additionally, the existing firms in the market have established economies of scale, which make it difficult for new entrants to compete on price.
(C) Threat of substitute products: The threat of substitute products in the energy drink sub-category of the carbonated beverage industry in Bangladesh is moderate. There are several substitute products available in the market, such as coffee, tea, and other non-alcoholic beverages, which can provide similar benefits as energy drinks. However, these substitute products may not be able to fully replicate the unique taste and formulation of energy drinks, which may limit their appeal to consumers.
In conclusion, the energy drink sub-category of the carbonated beverage industry in Bangladesh is characterized by intense rivalry among existing firms, low threat of new entrants, and moderate threat of substitute products. As the CMO of AFBL, I would need to consider these competitive forces when developing marketing strategies for our SPEED carbonated beverage brand.
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What is the present equivalent of a uniform series of annual payments of $3,500 each for five years if the interest rate, compounded continuously, is 10%?
The present equivalent of a uniform series of annual payments of $3,500 each for five years, with an interest rate of 10% compounded continuously, is approximately $13,164.76.
We can use the formula for the present value of a uniform series of payments:
PV = (PMT / r) * (1 - 1 / (1 + r)^n)
Where:
PV is the present value
PMT is the payment per period
r is the interest rate per period
n is the total number of periods
In this case, we have a uniform series of annual payments of $3,500 each for five years, and an interest rate of 10% compounded continuously. We can first convert the annual interest rate to a continuous rate by using the formula:
r = ln(1 + i)
Where i is the annual interest rate. Plugging in i = 0.1, we get:
r = ln(1 + 0.1) = 0.09531
Now we can use the present value formula:
PV = (PMT / r) * (1 - 1 / (1 + r)^n)
= ($3,500 / 0.09531) * (1 - 1 / (1 + 0.09531)^5)
= $13,164.76
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Course: Microeconomics - Cost and Production
A firm produces shoes using L (labor) and machines (K). Its production function is Q = K1/3 L2/3.
Assuming K fixed at 8, price of capital (r) is $4 and wage(w) is $2, find and plot the short-run cost curves.
Also show that CMeT (AMC) reaches its value at the level of production where it equals Marginal Cost (MC). And show that CMeT (AMC) is ALWAYS decreasing at the beginning due to fixed cost.
Demonstrations should use the necessary calculations.
The derivative is negative, this means that the average total cost (ATC) is decreasing at the beginning due to fixed cost.
The short-run cost curves for a firm producing shoes using labor (L) and machines (K) with a production function of
Q = K1/3 L2/3,
fixed K at 8, price of capital (r) at $4, and wage (w) at $2 can be found and plotted as follows:
1. First, we need to find the total cost (TC) of production. This can be found by multiplying the price of capital (r) by the fixed amount of capital (K) and adding the product of the wage (w) and the amount of labor (L):
TC = rK + wL
TC = ($4)(8) + ($2)(L)
TC = $32 + $2L
2. Next, we need to find the average total cost (ATC), which is the total cost (TC) divided by the quantity of output (Q):
ATC = TC/Q
ATC = ($32 + $2L)/Q
3. We also need to find the marginal cost (MC), which is the change in total cost (TC) divided by the change in quantity of output (Q):
MC = ∆TC/∆Q
4. To find the average variable cost (AVC), we need to subtract the average fixed cost (AFC) from the average total cost (ATC):
AVC = ATC - AFC
AVC = ($32 + $2L)/Q - $32/Q
AVC = $2L/Q
5. Now we can plot the short-run cost curves on a graph with the quantity of output (Q) on the x-axis and cost on the y-axis. The total cost (TC) curve will be upward-sloping and the average total cost (ATC) and average variable cost (AVC) curves will be U-shaped. The marginal cost (MC) curve will intersect the ATC and AVC curves at their minimum points.
6. To show that the average total cost (ATC) reaches its minimum value at the level of production where it equals marginal cost (MC), we need to set ATC equal to MC and solve for Q:
ATC = MC
($32 + $2L)/Q = ∆TC/∆Q
$32 + $2L = Q(∆TC/∆Q)
Q = ($32 + $2L)/(∆TC/∆Q)
7. To show that the average total cost (ATC) is always decreasing at the beginning due to fixed cost, we need to take the derivative of ATC with respect to Q:
d(ATC)/dQ = d(($32 + $2L)/Q)/dQ
d(ATC)/dQ = -($32 + $2L)/Q^2
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How will the basic economic questions address the economic problems?
Answer:Economists address these three questions: (1) What goods and services should be produced to meet consumer needs? (2) How should they be produced, and who should produce them? (3) Who should receive goods and services? The answers to these questions depend on a country's economic system.
Explanation:
Which items are among the forces that contribute to a globalization of culture?
Answer:
1. the proliferation of international organizations, such as the United Nations
2. the emergence of a class of "global citizens"
Explanation:
