When a company produces less than its minimum efficient scale, it has excess capacity. Excess capacity indicates that the corporation can reduce expenses by increasing output. The correct answer is Excess capacity.
What is Excess Capacity?When demand for a product is smaller than the number of things that a business may feasibly provide to the market, excess capacity occurs. Excess capacity occurs when a business produces at a lower scale of production than it was designed for.
The term "excess capacity" is often used in the manufacturing business. Idle employees in a manufacturing company may suggest that the plant has excess capacity. Surplus capacity can, however, exist in the service industry as well.
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Explain debit and credit to a friend including why it is important to understand them in addition create a specific example to help your friend understand the explanation of debits and credits one of the accounts that make up owners equity is debit and credit an asset account explain the impact of these accounts
Every company transaction is built on the concepts of credit and debit, two crucial accounting tools. Always ensure that the sum of the debits equals the sum of the credits.
What is a credit?In the field of finance, this phrase can be used in a variety of ways, but generally speaking it refers to a contract whereby a borrower accepts a sum of money or something valuable in exchange for agreeing to pay the lender back at a later date, typically with interest. It typically refers to a bookkeeping entry for an accountant that alters the balance sheet of a business by either lowering assets or increasing liabilities and equity. The widely used idea of credit includes any arrangement to purchase an item or service with the express promise to pay for it later. The bank that issued the card pays the merchant in full and extends credit to the buyer so that they can reimburse the bank with interest over time.
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residents of the town of maple grove who are connected to the municipal water supply are billed a fixed amount yearly plus a charge for each cubic foot of water used. a household using 1000 cubic feet was billed $74, while one using 1600 cubic feet was billed $111. (a) What is the charge per cubic foot?
(b) Write an equation for the total cost of a resident's water as a function of cubic feet of water used.
(c) How many cubic feet of water used would lead to a bill of $100?
Total cost of a resident's water as a function of cubic feet of water used 0.061667.
If a household using 1000 cubic feet was billed $74 and one using 1600 cubic feet was billed $111, we can set up the following equation:
74 + (charge per cubic foot) * 1000 = 111 + (charge per cubic foot) * 1600
Solving for the charge per cubic foot, we get:
charge per cubic foot = (111 minus 74) / (1600 minus 1000)
37/600 = charge per cubic foot
charge per cubic foot = 0.061667
(b) To write an equation for the total cost of a resident's water as a function of cubic feet used, we can use the information that the residents are billed a fixed amount yearly plus the charge per cubic foot for each cubic foot used. Let x be the number of cubic feet used and C be the fixed amount billed yearly. Then the total cost of the resident's water can be represented as an equation:
Cost = C + (x * 0.061667)
(c) To find out how many cubic feet of water used would lead to a bill of $100, we can use the equation from (b) and solve for x.
100 = C + (x * 0.061667)
x = (100 - C) / 0.061667
We know that C is a fixed amount, but we don't know the exact value of it. So it's not possible to find the exact number of cubic feet of water used that would lead to a bill of $100.
It's important to note that the fixed cost C could vary from year to year and also depend on the town's policies.
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the it department of maddison corporates has complained about a faulty fiber-optic cable as a result of which it is having connectivity issues within the organization. as a network engineer, you want to detect the faulty cable by searching for electrical signals in the cables located within the racks in the data room. which of the following instruments will you need in this scenario?
With the use of TDR, I want to identify the damaged cable in the network by looking for electrical signals in the cables housed inside the racks in the data room.
A TDR counts reflections that go along a conductor. The TDR will broadcast an incident signal onto the conductor in order to measure those reflections and then listen for their reflections. There won't be any reflections if the conductor has a uniform impedance and is correctly terminated, and the termination will also absorb the residual incident signal at the far end. The incident signal will instead be partially reflected back to the source if there are impedance differences. In theory, radar and a TDR are comparable.
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Because resources are scarce, a society cannot give all individuals the standard of living to which each aspires. a. TRUE b. FALSE
It is accurate to say that a community cannot provide everyone with the standard of living they desire because resources are scarce.
Being efficient calls for an equitable distribution of the commodities and services produced among all participants in the economy. Efficiency refers to the amount of the economic pie, whereas equality refers to how the pie is shared.
An economy has a finite amount of resources including land, labor, capital, and material. Productions are therefore limited. It is vital to have a product selection. Consider a situation where a business must choose between producing tea or coffee due to a labor shortage. As a result, a society cannot guarantee that everyone will have the same standard of living.
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14) Please answer the question.
A credit allows you to access the amount of money provided in accordance with your needs at any given time, making it a more flexible kind of financing.
What is financing?Providing capital for investments, purchases, or business endeavors is the process of financing. Financial organizations like banks are in the business of lending money to individuals, businesses, and investors so they can fulfill their objectives.
Any economic system that makes use of financing is essential because it enables businesses to buy goods that are out of their immediate price range.
To put it another way, financing is a means to use the time value of money to use anticipated future cash flows for projects that were started today.
Financing also benefits from the fact that some people in an economy will have extra cash that they want to invest to earn returns while others need money to make investments, which leads to the creation of a market for cash.
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Sam employs Tess in his clothing store. Tess recently grabbed a customer who she mistakenly thought was shoplifting clothes from the store. The customer has sued Sam for assault. Is Sam liable for this act?
Sam is not liable for this act as, mere grabbing but no action is not a offense if suspicion is found.
What is an illustration of assault?The intentional creation of a plausible fear of harm to another person constitutes assault. Even if Bob never touches you, assault would still be deemed to have occurred if he waved his fist at you while screaming, "I'm going to murder you!" Aggravated assault would occur if he waved a lethal weapon in your direction.
How can an assault be proven?It's crucial to understand that three factors must be present in order to be found guilty of assault charges. They consist of (1) a purposeful, unlawful threat, (2) a demonstrable ability to carry out the threat, and (3) the instillation of a reasonable fear that violence is about to occur.
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central to the marketing concept is the idea that the long-term success for a firm must include a company-wide effort to satisfy the needs of the ________.
The fundamental principle of the marketing concept is that a company's long-term prosperity is contingent on a wide-ranging endeavor by the firm to meet the needs and wants of its customers.
What is the marketing concept?
The marketing concept is a business philosophy that emphasizes the importance of understanding the needs and wants of target customers and developing products and services that meet those needs. It is a customer-centric approach that focuses on creating value for customers while also achieving the company's objectives.
What is the four Ps of marketing?The four Ps of marketing are product, price, place, and promotion. These are the four elements that make up the marketing mix, and they are used to develop a successful marketing strategy. Product refers to the goods or services offered by a company, price refers to the cost of the product or service, place refers to the distribution channels used to reach customers, and promotion refers to the methods used to communicate with customers.
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the shareholders of qiang's markets would benefit if the firm were to be aquired by better foods. however, weil's board of directors rejects the
In the event if Better Foods bought Weil's Markets, the company's shareholders would gain. The takeover bid is, however, turned down by the Weil board of directors. An illustration of an agency conflict might be this one.
What is the issue with agencies?
An agency problem is any circumstance where there is an expectation that one party would act in the interests of the other, which inevitably leads to a conflict of interest.
In corporate finance, the term "agency problem" is frequently used to describe a scenario in which there is a conflict of interest between a corporation's management and stockholders.
What exactly is agency conflict in financial management?
The agency dilemma is defined as a conflict that develops when the agents who have been entrusted with preserving the interests of the principals instead choose to exploit their position and influence for personal gain and in corporate finance.
The management and shareholders of the corporation are at conflict with one another.
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under the equity method, the investment account is decreased by all of the following except the investor's proportionate share of: under the equity method, the investment account is decreased by all of the following except the investor's proportionate share of: declines in the fair value of the investment. dividends paid by the investee. the losses of the investee. all of these answer choices are correct.
When using the equity approach, all of the following are deducted from the investment account, with the exception of the investor's proportionate part of: A. dividends received from the...
What verb is used with approach?
The investment account is reduced by all of the following, with the exception of the investor's proportionate share of: A. dividends received from the... (intransitive) To approach; to draw near; to move closer. To come or go near, in place or time. (intransitive, figurative) To approach or come close to in a metaphorical sense. To move closer to something in terms of place, time, character, or value. Approach means "go closer to" and is derived from the Latin word appropriare. Physically approaching anything is possible, such as when a waiter goes to a table.
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FILL IN THE BLANK a ___ organization's purpose is to make money by offering products or services.
A for - profit organization's purpose is to make money by offering products or services.
What is a for - profit organization ?An organization that operates with the intention of making money is referred to as for-profit. The majority of businesses are for-profit entities that provide a good or service to their clients. The for-profit firm owner receives a salary and has the option of paying investors and shareholders out of the profits.
Because for-profit businesses pay income taxes, which are then used to support various governmental institutions, they stand out from non-profit organizations. Certain non-profit organizations may also receive funding from some of these funds.
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a broker-dealer registered in states a and b has an agent that is registered in state a. the agent takes an unsolicited order from a customer in state b. the agent will have to register in state b if: a this is an existing customer who resides in state a but is temporarily vacationing in state b b the customer is the issuer of the securities involved in the transaction c this is an isolated transaction d the customer is an accredited investor
The customer is an accredited investor. A broker-agent dealer's must be registered in the state if they live there or if they are a non-resident who solicits clients there.
What is an accredited investor?If a company does not have an office in a certain state but is contacting a current client who is temporarily there, the broker-dealer (and the agent) are free from having to register there (e.g., a customer who is on vacation).Broker-dealers who are not residents but solely conduct business with issuers or financial institutions (and their agents) are exempt from this rule.Another exemption that is offered in several States enables an out-of-State broker-dealer to execute a single trade within that State without needing to register.There is no exemption given, and both must be registered in the State, even if the broker-dealer or agent is not a resident but solely works with rich investors there.According to financial regulation regulations, an accredited or skilled investor has a specific position. There are regional differences in what constitutes an accredited investor and what it means to be labeled as one. An organization may be eligible if, among other things, it is an insurance or bank company or has assets worth more than $5 million. If a person has a net worth of over $1M, either by themselves or jointly with a spouse, they can apply to become an accredited investor.To learn more about accredited investor refer to:
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glasser corp. sold goods on account. the journal entry to record this transaction includes (select all that apply.) multiple select question. debit inventory credit accounts receivable credit inventory debit cost of goods sold credit cost of goods sold credit revenue debit revenue debit accounts receivable
The concept is a Journal entry, it includes details on how transactions affect accounts and balances.
When an item is sold, two journal entries are recorded. This is a journal entry that records income.
Accounts receivables A/C
To Sales revenue
As goods are sold against the invoice, the receivable balance increases. This is the journal entry used to record the cost of sales.
Cost of sales A/c
To Merchandise A/c
Each journal entry contains data relevant to an individual trade transaction, including the date, amount to be credited and debited, a brief description of the transactions, and the accounts to which they relate. Depending on the company, it may include a list of branches to which it applies, tax information, and other information.
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during 20x5, estimated tax payments of $300,000 were charged to prepaid taxes. trey has not yet recorded income tax expense. there were no differences between the financial statement and the income tax income, and trey's tax rate is 30%. included in accounts receivable is $500,000 due from a customer. special terms granted to this customer require payments
The total current assets should be reported as $2,470,000.
In Trey Co.'s December 31, 2017 Balance Sheet, total current assets should be reported as $2,470,000. This calculation takes into account the adjusted trial balance provided, as well as the additional information that estimated tax payments of $300,000, was charged to prepaid taxes and that there is an amount of $500,000 due from a customer in the accounts receivable account that is to be paid in semiannual installments.
To calculate this,
Cash ($550,000) + Accounts Receivable, net ($1,650,000-$500,000) + Prepaid taxes ($300,000) = $2,470,000.
It is important to note that this does not include income tax expense, which has not yet been recorded, and that the total current assets are calculated by adding all of the current assets, which are assets that are expected to be converted into cash or used up within a year.
Complete question:
The following trial balance of Trey Co. at December 31, 2017 has been adjusted except for income tax expense. Dr. Cr. Cash $550,000 Accounts Receivable, net 1,650,000 Prepaid taxes 300,000 Accounts payable $120,000 Common stock 500,000 Additional paid-in capital 680,000 Retained earnings 630,000 Foreign currency translation adjustment 430,000 Revenues 3,600,000 Expenses 2,600,000 $5,530,000 $5,530,000 Additional information: •During 2017, estimated tax payments of $300,000 were charged to prepaid taxes. Trey has not yet recorded income tax expense. There were no differences between the financial statement and the income tax income, and Trey's tax rate is 30%. •Included in accounts receivable is $500,000 due from a customer. Special terms granted to this customer require payments in equal, semiannual installments of $125,000 every April 1 and October 1. In Trey's December 31, 2017 Balance Sheet, what amount should be reported as total current assets?
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Which of the following real property transactions places legal title in real property with a trustee?
mortgage
land sales contract
deed of trust
garnishment
Option (c), Real estate agreements that provide a trustee legal title to real property are known as deeds of trust.
By trust deed, what do you mean?A written agreement that creates a trust and outlines its management, enabling an individual or group to look after money or property on another's behalf: The trust deed explicitly stated how they may use the land.
A deed of trust is an agreement that is made between a home buyer and a lender when a property is closed. The provisions of the contract state that while the mortgage lender will hold onto the house until the loan is fully repaid, the home buyer will repay the mortgage loan.
The settlor transfers the trust's identified property to the trustees through a trust deed, and the trustees are required to operate and administer the trust in accordance with the terms and conditions laid out therein.
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using the following table and the equations underlying each of the four basic financial statements, show (a) that the balance sheet is in balance, (b) that net income is properly calculated, (c) what caused changes in the retained earnings account, and (d) what caused changes in the cash account. (cash outflows should be indicated with a minus sign.)
The aggregation of journal entries recorded in the general ledger yields financial statements. Financial statements convey an entity's financial results.
The income statement lists all of a company's income and outgoing costs for a given time frame. Revenue and expenses are subtracted to get the income statement.
Revenue 34,000
Expenses 19,900
Net Income (Revenue - Expenses) 14,100
Changes to the balance sheet's retained earnings account are reconciled in the statement of retained earnings. The ending retained earnings are calculated by starting with the ending retained earnings from the prior period, adding net income, and subtracting dividends.
Beginning Retained Earnings 22,400
Plus Net Income 14,100
Less: Dividends 5,000
Ending Retained Earnings 31,500
The balance sheet lists all of a company's assets, liabilities, and consequent equity. The accounting formula Assets = Liabilities + Owners Equity serves as the foundation for the balance sheet.
Assets 81,400
Liabilities 19,450
Stockholders' Equity 61,950
Total Liabilities and Stockholders' Equity 81,400
Changes to the cash account across two periods are reconciled in the statement of cash flow. The ending cash is calculated by adding the cash changes from operating, investing, and financing activities to the initial cash.
Cash Flows from Operating Activities 17,600
Cash Flows from Investing Activities -9,100
Cash Flows from Financing Activities -6,250
Net Change in Cash 2,250
Plus: Beginning Cash 5,100
Ending Cash 7,350
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Which of the following best defines the underemployed?
individuals who are trained or skilled for one type or level of work but are working in a job that does not utilize their skills
individuals who have stopped looking for employment
individuals who are not working and not looking for work
individuals who are in the labor force but who do not have jobs
Individuals who have been trained or skilled once per type or level of work yet are employed in a profession that does not make use of their abilities.
What distinguishes underemployment from unemployment?
Underemployment occurs when a person does not work full-time nor accepts a job that does not correspond with their actual talents and financial needs. In that case, their job does not completely utilise their degree and talents, or it just provides part-time work. Unemployment, which refers to people who do not have any current employment, is not the same thing.
Who is considered to be jobless?
If a person is without a job, has actively sought employment during the previous four weeks, and is currently eligible for employment, they are considered to be unemployed.
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A firm's liquidity is measured with which one of the following ratios?
Multiple Choice
A. Current ratio
B. Net working capital ratio
C. Debt-equity ratio
D. Market-to-book ratio
E. Net profit margin
A firm's liquidity is measured with current ratio of the company
The ability of a company to repay short-term loans or the ones that are due within a year is assessed by the current ratio, a current assets. It demonstrates to analysts and shareholders how a company can make the most use of its current assets to pay down its other payables and current liabilities. An acceptable current ratio is typically equal to or slightly greater than the industry average. A conversion rate that is below the industry average may raise the risk of trouble or default. The current ratio, also known as the profitability ratio, evaluates a company's ability to settle short-term debt with a one-year maturity date. The quantity of capital employed compared to total current liabilities is taken into account in the ratio.
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13) Please answer the problem
Answer:
Explanation:
被“伪民主”耽误的喜剧演员郭文贵
要说美国两党内斗激烈，新一届美国国会众议院议长麦卡锡刚上位就宣布访问台湾，建立反华人设以获得更多支持，为政治“献技”在某种意义上说倒是可以理解，但郭文贵的卖力表演是为了什么？听到麦卡锡要访问台湾，郭文贵兴奋起来，在直播中说得头头是道，像是美中两国都被他拿捏了，那表情姿态实在让人忍俊不禁。要说他是个优秀的喜剧演员我都十分相信。
话又说回来，郭文贵的表演欲早就按捺不住了。从2018年开始，他就弄出个《郭文贵看春晚》的节目，每年都要即兴表演一番。只随便一看，节目里的“爆料”内容都像极了台词和剧本，他时不时看看稿子，要是忘记了下一句要说什么，就开始胡乱编造，嘴里淫秽词语一个接一个，未成年人均不适宜观看。他倒是挺努力，每年一办，坚持了4年，4年前的冷饭翻来炒去，添油加醋又成“新爆料”，郭文贵春晚有关视频底下的评论无一不在吐槽毫无“意义”。
上月，他宣布老爹去世闭关三周，他做到了，但少有人知这三周他到底在做什么。“复出”后第一期节目，他侃侃而谈、满面春风，满脸胡须也挡不住他的“亢奋”，难道这三周都在筹备2023年的“春晚”表演了？
众所周知，郭文贵是个国际通缉犯，他本可以找个隐蔽的地方躲起来，却选择在社交平台暴露自己，从这一方面说明他的后台挺“硬”，要知道，美国就喜欢像郭文贵这样的人，即便这人满嘴谎言、胡说八道，他们依旧欢迎。但郭文贵比“这些人”聪明，他牢牢抓住机会巴结美国上层，在关键时刻做好一个舔狗，好让他在美国站稳脚跟。特朗普前顾问班农毫无疑问就被他拿捏了。现在的郭文贵，又在打麦卡锡的主意，张口闭口都是麦卡锡，但美国人都那么笨吗？太天真了，互相利用而已。我们这些观众也就看看表演，笑一笑就够了。
Select the statements that correctly describe how a barometer measures pressure. Select all that apply.
O The diaphragm changes shape in response to exerted pressure.
O The pressure exerted by an enclosed gas is equal to the height difference of a column of mercury in a U-tube.
O A column of mercury inverted in a dish of mercury measures pressure exerted on the open surface of the mercury.
O Pressure exerted by the atmosphere is equal to pressure exerted by the column of mercury.
Pressure exerted by the atmosphere is equal to pressure exerted by the column of mercury that's how a barometer measures pressure. The atmosphere is made up of layers of air that wrap around the Earth.
As gravity pulls it to Earth, that air has weight and presses against everything it touches. This atmosphere pressure is measured by barometers. A mercury barometer is a device that measures atmospheric pressure in a specific location and consists of a vertical glass tube that is closed at the top and sits in an open mercury-filled basin at the bottom. The weight of the mercury in the tube adjusts until it balances the atmospheric force on the reservoir. The atmosphere is made up of layers of air that wrap around the Earth.
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when disposable income is $6,000, government purchases are $800, consumption is $4,000, and tax revenues are $800, then the quantity of loanable funds supplied equals , and the quantity of loanable funds demanded equals __
$2,000; $2,000 $2,000; 50 $0; $2,000 $3,200; $2,400
When disposable income is $6,000, government purchases are $800 then the quantity of loanable funds supplied equals $2000 and the quantity of loanable funds demanded equals $2000.
Quantity of loanable funds = Disposable income - tax revenues
$6000 - $4000
= $2000
Quantity of loanable funds demanded = $6000 + $ 800 - $4000+ $800
$16000 - $ 14000
= $2000
How Does Disposable Income Work?The amount of money that an individual or household must spend or save after income taxes have been deducted is referred to as disposable income, or DPI.
One of the most important economic indicators used to assess the state of the economy as a whole is disposable personal income, which is closely monitored at the macro level.
What factors affect disposable incomes?All income from wages and salaries, self-employment, private pensions, and investments, in addition to cash benefits, minus direct taxes, is considered disposable income.
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the department in a commercial bank that manages relatively large quantities of money and property for their beneficiaries is the
The department in a commercial bank that manages relatively large quantities of money and property for their beneficiaries is the Trust Department
Option C is correct.
What are some of the responsibilities of the bank's trust division?There are two main types of services provided by bank trust departments: management of investments and trust administration. The process of distributing funds and trust assets in accordance with the terms of the trust is known as trust administration.
What exactly is trust banking?Investment management services invest and sell assets in accordance with the trust documents. To put it succinctly, a trust bank provides a wide range of banking and trusts-related services to its customers in order to safeguard their valuable assets. Work with business. simultaneously working on trust business. Business banking. trusts for pensions.
Question is incomplete:
The department in a commercial bank that manages relatively large quantities of money and property for their beneficiaries is the:
a. treasury department.
b. mortgage-lending department
c. trust department.
d. escrow department.
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a firm's short run production function shows the relationship between the firm's input and output. assume hte firm uses one variable input, labor, and one fixed input, capital.
A production function in economics describes the mathematical relationship between the input of physical resources and the output of goods.
For example, the production function is central to standard neoclassical theories since it is utilized to define marginal products and to differentiate allocative efficiency.
While the production function abstracts away the technological problems of achieving technical efficiency, as an engineer or professional manager might understand it, one of its main purposes is to address allocative efficiency in the use of factor inputs in production and the resulting distribution of income to those factors.
As expansions of the basic economic production function, the so-called Shephard's distance functions (or directional distance functions) are frequently used by scholars for modeling the many-output, many-input case.
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identify which of the concerns about genetically modified organisms (gmos) are justified, based on current evidence. the increased power of multinational corporations over the food supply the use of an untested technology to produce human food the creation of 'superweeds' that are highly tolerant to herbicides the increased crop productivity leading to drops in crop prices the possibility of new allergens or toxins in the food supply
a reduction in insect biodiversity when vegetation are resistant to insects.
unanticipated consequences on other crops or animals.
creating greater weeds or harder-to-kill invasive species.
transmission of GMO genes to wild plants and animals
What are 3 worries related to GMOs?It is recognised that the most important worries about detrimental results of GM meals on health are the switch of antibiotic resistance, toxicity and allergenicity.
What are two arguments towards the use of GMOs?Threat to Small-Scale Farmers
GM plants denature the function of farmers, who have constantly extended and selected their own seeds.
GM seeds are owned via multinationals to whom the farmer have to flip each and every new season, because, like all commercial hybrids, second-generation GMOs do no longer provide properly results.
What are some arguments for GMOs?Function
More nutritious food.
Tastier food.
Disease- and drought-resistant vegetation that require fewer environmental assets (such as water and fertilizer)
Less use of pesticides.
Increased supply of meals with reduced price and longer shelf life.
Faster growing flowers and animals.
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suppose that ireland and luxembourg both produce sunflowers and shoes. ireland's opportunity cost of producing a pair of shoes is 5 bushels of sunflowers while luxembourg's opportunity cost of producing a pair of shoes is 11 bushels of sunflowers. by comparing the opportunity cost of producing shoes in the two countries, you can tell that has a comparative advantage in the production of shoes and has a comparative advantage in the production of sunflowers. suppose that ireland and luxembourg consider trading shoes and sunflowers with each other. ireland can gain from specialization and trade as long as it receives more than of sunflowers for each pair of shoes it exports to luxembourg. similarly, luxembourg can gain from trade as long as it receives more than of shoes for each bushel of sunflowers it exports to ireland. based on your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of sunflowers) would allow both luxembourg and ireland to gain from trade? check all that apply. 8 bushels of sunflowers per pair of shoes 15 bushels of sunflowers per pair of shoes 10 bushels of sunflowers per pair of shoes 3 bushels of sunflowers per pair of shoes
Prices of trade is 8 bushels of sunflowers per pair of shoes . Trade occurs between regions because they may each have a comparative advantage in producing a certain tradeable good.
What benefits does trade comparative advantage provide?
When one country is better at manufacturing one item and its trading partner is better at producing another, the benefits of trade are evident. It is less clear , but it is also true, that both nations can benefit from trade even if one is superior at producing everything. Trade enables nations to use combinations of commodities and services that they would not be able to generate on their own. Although each country has access to a greater variety of goods and services thanks to free trade, there are short - term winners and losers.
According to one current theory, commerce arises because of specialization and the division of labor, which is a common form of economic activity in which people and groups concentrate on a certain area of production but exchange their output for other goods and necessities.
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by how much would gdp change if you buy a used car from a friend for $3000? group of answer choices a. $0 b. $3000
c. it would depend on the inflation rate. d. it would depend on the value of alpha.
The answer is A: $0. That's how much the GDP would change if you buy a used car from a friend for $3000.
Buying a used car from a friend for $3000 would not affect GDP, as it is not a transaction that is included in the calculation of GDP. GDP measures the total value of all goods and services produced within a country's borders in a given period of time. The purchase of a used car from a friend is not included in this calculation, so it would not affect GDP. Gross domestic product (GDP) is the total financial or request value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic product, it functions as a comprehensive scorecard of a given country’s profitable health. Though GDP is generally calculated on an periodic base, it's occasionally calculated on a daily base as well. The computation of a country’s GDP encompasses all private and public consumption, government expenses, investments, additions to private supplies, paid-in construction costs, and the foreign balance of trade.
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which of the following relating to the phillips curve is incorrect or has been called into question in the last half century? select the correct answer below: the phillips curve is sometimes downward sloping, reflecting a trade off between unemployment and inflation. the phillips curve can shift due to changes in inflation expectations the phillips curve always reflects a negative relationship between unemployment and inflation. supply shocks can shift the phillips curve.
The Phillips Curve always reflects a negative relationship between unemployment and inflation.
Why the Phillips Curve exists.The Phillips curve shows an inverse relationship between inflation and unemployment. Higher inflation is connected with lower unemployment, and vice versa.
In the 20th century, the Phillips curve was a theory that was used to guide macroeconomic policy, but the stagflation of the 1970s cast doubt on it.
Understanding the Phillips curve in the context of expectations from consumers and workers suggests that the relationship between inflation and unemployment may not persist over the long term, or even potentially in the near future.
The Phillips curve shows a consistent negative relationship between inflation and unemployment. The inflation that follows economic expansion, according to William Phillips' thesis, should lead to more jobs and lower unemployment.
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along with the price paid, benefits such as quality, convenience, on-time delivery, and both before-sale and after-sale service are evaluated by buyers to determine
Consumer value is the distinctive set of advantages targeted purchasers enjoy, including quality, comfort, on-time delivery, and before- and after-sale support.
That can all be considered value from the standpoint of the customer. The four Ps of the marketing mix are these four components: Product: a good, service, or concept that satisfies the needs of the consumer. Price: the amount paid in exchange for the quality good. A channel of contact between the seller and the buyer is promotion. Place: it is the third P in marketing. This is where you should sell your product and how you should get it to the market.
Promotion: The fifth and final P of marketing is promotion. Promotion encompasses all of the advertising and public relations that comprise your product's promotional strategy.
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Draw a production possibilities curve with public goods on the vertical axis and private goods on the horizontal axis. Assuming the economy is initially operating on the curve, indicate how the production of public goods might be increased. How might the output of public goods be increased if the economy is initially operating at a point inside the curve?
production possibility curve is can be regarded as a curve which provides illustration of the possible quantities, which is very possible to be produced from two products.
What is production possibilities curve?A production-possibility frontier (PPF), production-possibility curve (PPC), production-possibility boundary (PPB), or transformation curve/boundary/frontier is a curve that depicts different combinations of the quantities of two goods that can be produced within the available resources and technology/a graphical representation of all the possible options of output for two products that can be produced using all factors of production, where the available resources are fully utilized. Numerous economic principles are illustrated by a PPF, including allocative efficiency, economies of scale, opportunity cost (or marginal rate of transformation), productive efficiency, and resource scarcity (the fundamental economic problem that all societies face).The only way to increase the production of public goods on the curve is to decrease the production of private goods.The complete question is,
The horizontal axis of the production potential curve below has private products on it and public goods on its vertical axis.
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A company that has successfully built a wall around its position in the market, making it hard for competitors outside the wall to enter the market and compete, is an example of a company that has established ______.competitive advantage
A company that has successfully built a wall around its position in the market, making it hard for competitors outside the wall to enter the market and compete, is an example of a company that has established competitive advantage.
What is competitive advantage?Anything that gives a business an edge over its rivals, enabling it to draw in more clients and increase its market share, is considered a competitive advantage. Three main types of competitive advantages are possible: Cost advantage is the ability to produce a good or deliver a service for less money than rivals. A competitive advantage in business is a quality that enables a company to outperform its rivals. In the viewpoint of its customers, a company's competitive edge is what distinguishes it from its rivals. These benefits enable a business to attain and maintain stronger profitability, a better growth profile, or increased customer loyalty. The term "protective moat" is frequently used to describe a competitive advantage.
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the ultimate resource of a firm is its group of answer choices business plan. capital budget. employees. marketing mix.
the ultimate resource of a firm is its group of answer choices business plan.
answer is employees
What are the ultimate resources?
The people themselves, with their needs and skills, are what turn them into "resources." Human resources are therefore regarded as the most valuable resources.
The main argument in favour of the lack of a resource crisis is that prices rise as a resource's scarcity increases. People are encouraged to find more of the resource, to ration and recycle it, and finally to develop alternatives as a result of the price increase. The ability of humans to develop and adapt is the "ultimate resource," not any specific physical product.
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