Won't be able to maximizing profit if it employs 5 people.
What does "maximizing your profit" mean?The term "profit" identifies the optimum result during which your company is most lucrative. According to the non-profit educator Khan Academy. When a firm wants to generate profit, it will create the quantity where "marginal cost" and "marginal income" are equal.
Why is it important to increase profit?Businesses seek to maximize their earnings since doing so is not only beneficial but also necessary for survival. If you want to see your able to gain, this should be your main long-term aim as it is the "natural" state of any organization.
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the better the quality of data used in decision making processes, the more confidence users have in the decisions they make, the lower the risk of a poor decision, and the more likely the decision will achieve the desired results.
It is typically accurate. The level of confidence that decision-makers have in their choices, the risk involved in making poor choices, and the possibility of getting the intended results can all be significantly impacted by the quality of the data utilized in the decision-making processes.
How can it be explained in detail?The likelihood that decision-makers will be confident in their choices increases when they have access to high-quality data that is accurate, pertinent, and current. This is due to the fact that they have greater confidence in the data they are utilizing to make decisions and have a clearer knowledge of the risks and potential outcomes of various solutions.
On the other side, bad data can influence bad decisions and increase the likelihood of unfavorable outcomes. This may occur as a result of inaccurate, out-of-date, or inadequate data, which can result in erroneous presumptions, wrong conclusions, or missed opportunities.
In order to guarantee that the data used in decision-making processes is of high quality and can be trusted, it is crucial for businesses to invest in data quality management procedures, such as data cleansing, data validation, and data governance.
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which of the following best illustrates the tragedy of the commons? which of the following best illustrates the tragedy of the commons? a 10-year-old girl from your hometown dies of cancer. a drought in africa results in many deaths from starvation. a rogue wave capsizes a ferry on lake michigan, killing several dozen passengers. while landing at midway airport in chicago, an airplane crashes through a barrier at the end of a runway and ends up plowing through a busy intersection, killing a young child in one of the vehicles. a nonprofit organization does a winter clothing drive, and the first people to show up to get winter clothing grab far more than they need, leaving nothing for the families that show up a few minutes later.
The following illustrates the tragedy of the commons: a nonprofit organization does a winter clothing drive, and the first people to show up to get winter clothing grab far more than they need, leaving nothing for the families that show up a few minutes later. The correct option is d.
What is the tragedy of the commons?The tragedy of the commons is a situation in which individual users, who have open access to a resource unhampered by shared social structures, formal rules, charges, fees, or taxes that regulate access and use, act independently according to their self-interest and, contrary to the common good of all users.
It causes depletion of the resource through their uncoordinated action in the case that there are too many users related to the available resources.
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the function that links the consumer and the general public to the marketer of a company through information is called secondary research.truefalse
True, the function that links the consumer and the general public to the marketer of a company through information is called secondary research.
Summarizing, gathering, and/or synthesizing previously published research is known as secondary research. Secondary research uses data from primary research sources for analysis while primary research generates the data.
Secondary research differs from primary research in this way. A notable sign of primary research is the presence of a "methods" section where the authors describe how the data was produced for research.
Examples of secondary research includes encyclopedias, news articles, review articles, meta analyses, and textbooks etc. When conducting secondary research, authors may use information from scholarly publications, official records, statistical databases, and historical records.
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which economic goals are emphasized in a modern command economy?
In a modern command economy, the economic goals that are emphasized typically include:
Equality: The command economy seeks to distribute resources and wealth equally among all members of society, reducing income and wealth inequality.
Stability: The command economy aims to maintain stability in the economy, including stable prices, full employment, and steady economic growth.
Self-sufficiency: The command economy seeks to reduce reliance on foreign trade and promote domestic production of goods and services.
Social welfare: The command economy aims to provide social services and benefits to all members of society, including education, healthcare, and housing.
National security: The command economy prioritizes national security and defense, ensuring that the country has a strong military and infrastructure to protect itself.
What is modern command economy?
A modern command economy is an economic system in which the government or state plays a central role in planning and directing economic activity.
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your opportunity cost of attending a game compared with the opportunity cost facing a college student 23 years ago is
The value of best use of someone's time, in addition to the additional expenses that person incurs by choosing to attend college, is what is known as the opportunity cost with that decision.
What is the brief definition of opportunity cost?In economics, the word "opportunity cost" refers to the benefits that are forgone when one alternative is chosen over another. In a nutshell, it represents the worth of the path not traveled. Opportunity costs are simple to overlook, yet comprehending missed chances is essential to making smarter business decisions.
What does opportunity cost and how is it significant?Opportunity cost is just the difference between the worth of a different option and the value of the one that is selected. Opportunity cost is a notion used in decision-making to assist individuals and organizations in making better decisions, primarily by taking the alternatives into account.
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what term describes an organization's use of an outside company for a broad set of services? multiple choice question. recruiting downsizing outsourcing offshoring
The correct option is C. outsourcing is a business practice in which a company hires a third party to perform tasks, handle operations, or provide services for the company.
Outsourcing is an agreement in which one corporation hires any other business enterprise to be accountable for a planned or present hobby that otherwise is or can be executed internally, i.e. in-residence, and on occasion includes moving personnel and assets from one company to another.
The term outsourcing, which came from the phrase doors resourcing, originated no later than 1981. The idea, which The Economist says has "made its presence felt since the time of the second one global conflict", regularly includes the contracting of a business technique (e.g., payroll processing, claims processing), operational, and/or non-center capabilities, such as production, facility control, name middle/call middle guide.
The practice of turning in the management of public offerings to non-public firms (privatization), despite the fact that performed on a restrained, quick-time period basis, can also be described as outsourcing.
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how much do the half-time performers get paid at the super bowl?
The NFL doesn't actually pay artists in the Super Bowl halftime show.
What values would the Super Bowl promote?The word "Super Bowl" was coined by the late Kansas Chiefs owner Lamar Hunt, who thought the moniker was enough. According to Sports Illustrated, Lamar's proposal was "motivated by his son's Super Ball" toy.
The Super Bowl is called what for?Lamar Hunt, the illustrious owner of the Kansas City Chiefs, is credited with formally naming the third Super Bowl. Legend has it that Hunt had the idea for the Super Ball whenever the league was searching for a less complicated name for such event since he was aware that his daughter owned a Super Ball toy.
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specialization and division of labor by nations followed by increasing international trade probably would
Specialization and division of labor by nations followed by increasing international trade probably would Increase total world production of goods and services.
What is specialization?When businesses separate their production or service process into many fixed tasks, specialisation of labour, also known as division of labour, develops. Workers don't complete numerous tasks themselves; instead, they repeat a single step of the production process.
Division of labour, or the split of a work process into several tasks, each of which is carried out by a different individual or group of people.
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Which are Career and Technical Student Organizations? Select six options.
• Business Professionals of America
© American Association of School Administrators
• American Chemical Society
O DECA
D Future Business Leaders of America
O FFA
O SkillsUSA
O FCCLA
Business Professionals of America, American Chemical Society, DECA, and Future Business Leaders of America, FFA and FCCLA are Career and Technical Student Organizations. Hence, option A, C, D, E, F and H are correct.
What is Career Technical Student Organizations?National student groups called Career Technical Student Organizations (CTSO) exist to assist students enrolled in career technical education programs. Students who participate in CTSOs gain technical and leadership skills that will help them thrive in their chosen careers.
BPA (Business Professionals of America, originally Office Education Association), DECA (formerly Distributive Education Clubs of America), and FBLA are some of the most significant CTSOs (Future Business Leaders of America)
Thus, option A, C, D, E, F and H are correct.
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4. the production function depicts a relationship between which two variables? also, draw a production function that exhibits diminishing marginal product.
The link between the inputs of labour, capital, and other factors and the outputs of goods and services is represented by a production function. Gross Domestic Product, or GDP, is the output of interest in macroeconomics.
A linear production function with labour as the sole input is the most basic form of production.For instance, the production function would be the following if one worker could create 500 pizzas in a day (or other specified time period):
Q = 500 L
A straight line would appear on a graph if one worker produced 500 pizzas, two workers produced 1000, and so on.
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in regard to terms used in perceptual organization, the part of the picture that is in the background of this photo is called the .
In regard to terms used in perceptual organization, the part of the picture that represents the part of the photo that one is focused on is called the figure. So, option B is the right choice.
The ability to impose order on sensory data is known as perceptual organisation, and it is used to categorise sensory primitives that originate from a single underlying cause. The existence of this kind of order in human perception, including vision, was emphasised by gestalt psychologists. Closeness, similarity, continuity, closure, and connectivity are the five pillars of the perceptual organisation. The five laws of perceptual organisation are similarity, pragmatics, proximity, continuity, and closure. As a result, Choice B is accurate.
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Please share why you would be a unique addition to the brand or this specific role.
Mention the job description's mentioned qualifications. Give instances from your own experience. Mention previous successes or outcomes from previous employment.
Why you would be a unique addition to the brand or this specific role ?Peter Drucker introduced the idea of a person's "unique contribution" to his or her firm while he was studying management. This characterises the person's worth. It could be a particular ability, knowledge, enthusiasm, talent, connections, interpersonal skills, political savvy, etc.
Highlighting your interest in the company because of its reputation, history, or industry-leading innovation is a common strategy for answering this question. This demonstrates your interest in the company's expansion, understanding of its current situation, and desire to participate in that journey.
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in september, lauren ashley company purchased materials costing $170,000 and incurred direct labor cost of $150,000. overhead totaled $325,000 for the month. information on inventories was as follows: line item description september 1 september 30 materials $120,000 $130,000 work in process 80,000 90,000 finished goods 70,000 65,000 required: what was the cost of goods sold for september? fill in the blank 1 of 1$
The cost of goods sold for september is $640,000.
In order to compute the cost of goods sold, first we have to determine the cost of goods manufactured which is shown below:
Cost of goods manufactured = Work in process, September 1 + Manufacturing cost - Work in process, September 30
where manufacturing cost equal to
= Purchase of direct material + Direct labor cost + Manufacturing Overhead cost
= $200,000 + $120,000 + $325,000
= $645,000
So the Cost of goods manufactured would be
= $80,000 + $645,000 - $90,000
= $635,000
And, the cost of goods sold would be
= Finished goods, September 1 + Cost of goods manufactured - Finished goods, September 30
= $70,000 + $635,000 - $65,000
= $640,000
Hence , the cost of goods sold for september is $640,000.
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When we exclude taxes and the foreign sector, every penny spent on a good or service becomes _______ for one of the factors of production
When taxes and the foreign sector are excluded from revenue, every penny spent on a good or service becomes income for one of the factors of production as it is the input cost for factors of production, and none of the revenue is allocated to taxes or trade.
The factors of production include land, labor, capital, and entrepreneurship. When we purchase a good or service, the money we spend goes towards paying for the resources that were used to produce that good or service.
For example, if we buy a shirt, the money we spend goes towards paying for the land that was used to grow the cotton, the labor that was used to sew the shirt, the capital that was used to purchase the sewing machines, and the entrepreneurship that was used to start and run the business.
Without taxes and the foreign sector, all of the money spent on a good or service goes directly towards paying for the factors of production.
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you earn a salary of $105,000 from your current employer and have taxable income of $80,000. you have gotten a job offer from a rival company, offering to pay you $120,000. using the tax brackets in the table below and assume all else stays the same. (round to the nearest dollar, if necessary) table: 2020 federal income tax brackets tax rate taxable income bracket tax owed 10% $0 to $9,875 10% of taxable income 12% $9,876 to $40,125 $987.50 plus 12% of the amount over $9,875 22% $40,126 to $85,525 $4,617.50 plus 22% of the amount over $40,125 24% $85,526 to $163,300 $14,605.50 plus 24% of the amount over $85,525 32% $163,301 to $207,350 $33,271.50 plus 32% of the amount over $163,300 35% $207,351 to $518,400 $47,367.50 plus 35% of the amount over $207,350 37% $518,401 or more $156,235 plus 37% of the amount over $518,400 (use commas when entering your answer) a. what will be your federal income tax obligation if you take the new job? $ b, what will be your new income, after taxes? $ c. what is your increase in after-tax income, with the new job? $
We must first identify which tax band the taxable income is in in order to compute the federal income tax due under each scenario.
How can it be explained in detail?The tax due for the present work with an income of $80,000 is determined as follows:
$9,875 × 10% = $987.50 \s($40,125 - $9,875) × 12% = $3,630 \s($80,000 - $40,125) × 22% = $8,163.50
$987.50 + $3,630 + $8,163.50 = $12,781 in total tax is due.
The taxable income will be greater for the new employment with the $120,000 compensation. Calculating the tax due is as follows:
$9,875 × 10% = $987.50 \s($40,125 - $9,875) × 12% = $3,630 \s($85,525 - $40,125) × 22% = $10,577.50 \s($120,000 - $85,525) × 24% = $8,094
$987.50 + $3,630 + $10,577.50 + $8,094 = $23,289 in total tax is owed.
Thus, the new job's federal income tax due would be $23, 289 dollars.
The tax liability is subtracted from the pay to determine the new income after taxes:
$120,000 - $23,289 = $96,711
Hence, $96,711 would be the new income following taxes.
The increase in after-tax income due to the new employment is determined by deducting the prior after-tax income from the present after-tax income as follows:
$96,711 - $67,219 = $29,492
Thus, the additional after-tax income from the new position would be $29,492.
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when a company makes a payment for amounts owed from prior purchases, it will record a debit to and a credit to .
When a business pays for sums due from earlier purchases, it records a debit to Accounts Payable, Cash. Your equity as a business owner is growing as a result of revenue. Revenues must be reported as credits rather than debits because your equity typically has a credit balance.
Which of the subsequent accounts gets bigger when there's a debit?Debits raised accounts. The following account types will grow when there is a debit: Assets (Cash, Accounts receivable, Inventory, Land, Equipment, etc.) (Cash, Accounts receivable, Inventory, Land, Equipment, etc.) Expenses (Rent Expense, Wages Expense, Interest Expense, etc.) (Rent Expense, Wages Expense, Interest Expense, etc.) Losses (Loss on the sale of assets, Loss from a litigation, etc.) (Loss on the sale of assets, Loss from a lawsuit, etc.) A debit entry is always recorded against one account, and a credit entry is always recorded against the other account, whenever an accounting transaction is created. The number of accounts included in a transaction has no upper limit, although there must be at least two accounts. An accounting transaction is always referred to as being "in balance" when the totals of the debits and credits for it match one another. The ability to produce financial statements would be lost if a transaction did not balance. As a result, the most crucial of all controls over accounting correctness is the use of debits and credits in a two-column transaction recording format.
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Company A is thinking of mining more platinum even though the platinum resources are scarce. Which one of the following heuristics will the company use to perform the analysis?
Marginal Analysis
Order of Magnitude
Break-even Point
Bayesian Thinking
The correct option is A i.e., Company A will use Marginal Analysis to analysis the Platinum presence despite of its scarcity.
What exactly is managerial analysis?To improve the effectiveness of the organization, conduct research and address organisational inefficiencies. identifies and collects the precise information needed (via case studies, etc.) to resolve a problem or make a choice.
Why should decisions be made using marginal analysis?According to the theory of marginal analysis, a manager should enhance activity to achieve the largest net profit whenever marginal benefit exceeds marginal cost. Similar to this, activity should be reduced if marginal cost is greater than marginal benefit.
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The division of power among several institutions that must cooperate in decision-making is known as:_______
The division of power among several institutions that must cooperate in decision-making is known as separation of powers.
What is separation of powers?The term "Separation of Powers" is attributed to the 18th-century philosopher Montesquieu. Each arm of the government is given unique and independent functions under the separation of powers concept. By having numerous branches of authority, this system helps to ensure that no one branch of government is more powerful than any other. The three divisions into which the government is commonly divided under this system are the Judicial Branch, the Executive Branch, and the Legislative Branch. The federal government of the United States and the forty state governments use these three branches of government.
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what did the waiter say when the customer asked what is this insect in my soup
Answer:
The waiter might say something like, "I'm sorry sir/ma'am, let me take care of that right away. I'll bring you a fresh bowl of soup." or "Oh no, I apologize. I'll remove the insect and bring you a new bowl immediately." The main objective of the waiter would be to quickly rectify the situation and make the customer happy.
Explanation:
When the insured purchased his health policy he was a window washer. He has since changed occupations and now manages a library. If the insurer is notified of the insured's change of occupation, the insurer should
Adjust the benefit in accordance with the decreased risk
Replace the policy with a new one
Return any unearned premium
Increase the premium
When the insured purchased his health policy, he was a window washer. Since then, he has changed occupations and now manages a library. If the insurer is notified of the insured's change of occupation, the insurer should adjust the benefit in accordance with the decreased risk.
This is because the insured's new occupation is likely less hazardous than his previous one as a window washer, and therefore the insurer's risk is reduced. As a result, the insurer should adjust the benefit accordingly to reflect the decreased risk . In this case, since the insured has changed occupations from a high-risk occupation (window washer) to a lower-risk occupation (library manager), the insurer may adjust the benefit in accordance with the decreased risk.
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The power of the National Government to coin money is: an expressed power.
The right to delegate power is expressly granted to the federal government under Article I, Section 8 of the Constitution. This includes the power to issue money, regulate trade, declare war, put together and maintain an armed force, and establish a post office.
What does "constitution" actually mean?
A country's ideals and laws are developed within the constraints of its constitution. The constitution outlines each individual's duties and rights. The relationship between people and governments is established by the constitution. Prem Behari Narain Raizada was the calligrapher who penned the Indian Constitution. He had used a flowing italic to write the first constitution. The first edition was adorned and decorated by Shantiniketan artists, especially Nand Lal Bose and Beohar Rammanohar Sinha.
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Attendance at the meeting on May 20 is optional, we encourage you to go if your schedule permits. The meeting agenda will be
available by the end of the day.
This message contains
A fragment
No sentence fault
A comma splice
A run-on sentence
Answer:
b. No sentence fault
Explanation:
mason investing uses the capital asset pricing model to calculated expected return on its investments. if a stock investment has a beta of 1.2, an expected return of 10.6%, and the expected return on the market is 10%, what is the risk-free rate of return?
If a stock investment has a beta of 1.2, an expected return of 10.6%, and the expected return on the market is 10%, 80.02 is the risk-free rate of return.
The relationship between expected return for assets, particularly stocks, and systematic risk, or the general dangers of investing, is described by the Capital Asset Pricing Model (CAPM). The needed return on an investment and risk are connected linearly under this financial model. The equity risk premium, or the expected return on the market less the risk-free rate, is the foundation of the model. It is based on the relationship between an asset's beta, the risk-free rate (typically the rate on Treasury bills), and these two variables.
To quantify this systematic risk, the CAPM was created. Given the risk involved with the assets and the cost of capital, it is frequently used in finance to value hazardous securities and calculate expected returns.
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in an acquisition where 100% control is acquired, how would the land accounts of the parent and the land accounts of the subsidiary be reported on consolidated financial statements? parent subsidiary a) book value book value b) book value fair value c) fair value fair value d) fair value book value e) cost cost
The acquisition technique utilised and the fair value of the assets determine how the land accounts are treated in a consolidated financial statement.
When a parent firm buys out a subsidiary at 100%, the land accounts of the parent and the subsidiary are combined and presented on consolidated financial statements. The specific accounting technique utilised for the acquisition determines the valuation methodology to be used to report the land accounts. If the book value method is used to account for the acquisition, the land accounts for the parent and the subsidiary are each recorded on the consolidated financial statements at their respective book values. Based on this methodology, the assets of the subsidiary are valued at their historical cost less accumulated depreciation and amortisation.
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An organization responds to the structure of its industry by choosing a strategy. A) leadership B) diversification C) growth D) competitive
An organization responds to the structure of its industry by choosing a competitive strategy.
Competitive strategy is common in many different economic regimes, including capitalism. Companies can use competitive strategies as a strategy to expand their operations and increase income. Your ability to implement specific forms of competitive strategy within your teams may improve as a result of your understanding of it. The competitive strategy of a firm is a long-term plan created to aid in its expansion and help it gain a competitive edge over its rivals in the market by using elements like cost, differentiation, focus, efficiency, etc. A competitive strategy is an action plan developed by a company to outperform competitors. This strategy was established after comparing your own opportunities, threats, strengths, and weaknesses to those of the enemy.
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The practice of businesses paying bloggers to write positive comments about the business is called ______.
The practice of businesses paying bloggers to write positive comments about the business is called Paid endorsement or sponsored content.
Sponsored content is top-notch content that support pays a distributor to make and disseminate. A kind of local promoting is steady with the encompassing substance on a website page.
All in all, supported content is a promotion that seems as though it should be there - it seems like a characteristic fit for a stage, rather than an obtrusive commercial. At its centre, supported content is straightforward: Two brands structure a supported substance organization - the promoter pays for the substance, and another brand, virtual entertainment powerhouse, or distributer shares it.
As a matter of fact, supported content is easy to such an extent that it's been around for north of 100 years. Also, it began with soap operas.
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Kalint a package delivery service manager is interested in implementing _____ To do this, Kalini will study the routes that drivers take through a congested to city in order to identity ways that delivery staff can make the most deliveries in each two-hour period. Multiple Choice A. Human relations management B. Management science C. Scientific management D. Contingency management
The approach that Kalint is interested in implementing is Management Science. This is a problem-solving approach that uses quantitative methods to analyze data and inform decision-making. In Kalint's case, option c Management Science would involve analyzing the data on the routes .
This analysis could involve using algorithms to optimize delivery routes and considering factors such as traffic patterns and delivery locations. Management Science is a useful approach in situations where data is available, and decisions need to be made based on that data. By using this approach, Kalint can make informed decisions about the most efficient ways to manage package delivery and optimize the use of their resources. In this way, Management Science can help Kalint to increase efficiency, reduce costs, and improve customer satisfaction by ensuring timely and accurate package delivery.
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When a binding price ceiling is imposed on a market to benefit buyers?a. no buyers actually benefit
b. some buyers benefit but no buyers are harmed
c. some buyers benefit and some buyers are harmed
d. all buyers benefit
c. Some buyers benefit and some buyers are harmed. When a binding price ceiling is imposed on a market, it sets a legal maximum price for a good or service.
Some customers may benefit from this since it enables them to pay less for the product or service than they otherwise would have had to. The implementation of a price cap, however, may also be harmful. Supply limitations could result from suppliers' reluctance to manufacture or offer the commodity or service at the reduced cost. As a result, even at the decreased price, some customers might not be able to acquire the product or service. In conclusion, while a legally enforceable price cap may benefit some consumers, it may also hurt others and have unforeseen effects like shortages and decreased quality.
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an owner installs an antique fireplace in their living room. the cost is $20,000, but it only adds $7,000 in appraised value to the property overall. the homeowner is frustrated as they expected the added value to be at least equal to installation costs. which economic principle is demonstrated here?
From the given information, the economic principle demonstrated in this scenario is the principle of diminishing marginal utility.
The principle of diminishing marginal utility states that as a person consumes more of a good or service, the additional satisfaction or utility that they derive from each additional unit of the good or service tends to decrease. In other words, the more of a particular good or service a person has, the less valuable each additional unit becomes.
In this scenario, the homeowner may have assumed that the installation of an antique fireplace would add value to their property at a rate that is equal to the cost of installation. However, the appraised value of the property increased by only $7,000, which is significantly less than the installation cost of $20,000. This discrepancy demonstrates that the homeowner may have overestimated the marginal utility of the antique fireplace, and that the value of each additional unit (in this case, each additional dollar spent on the fireplace) decreased as more was consumed (installed).
Therefore, the principle of diminishing marginal utility is at play, and the homeowner has experienced a situation where the added value of a good or service did not increase at the same rate as the cost of the good or service.
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Answer:
The economic principle demonstrated here is the Law of Diminishing Returns, which states that each additional input in a production process yields smaller and smaller returns. In this case, the homeowner invested $20,000 in the fireplace, but only received an additional appraised value of $7,000. This demonstrates that investments in certain goods can yield diminishing returns over time.
____ consists of raw facts, such as an employee number, number of hours worked in a week, inventory part numbers, or sales orders.
Data consists of raw facts, for example, a worker number, the number of hours worked in seven days, stock part numbers, or deals orders. A cycle is an assortment of activities done in a way that checks out and prompts a particular outcome.
Raw facts make up information, such as the number of representatives, how many hours worked every week, the part numbers in the stock, or the deals orders. Data is a gathering of realities organized such that gives them esteem.
The expression "raw" indicates that the realities have not yet been completely handled to uncover their actual importance. Different sources are utilized to obtain information. It is assembled for some purposes. Information might incorporate numbers, letters, images, and so forth.
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