Here are the strengths of classic schools of thought from the cases of Argentina and South Korea:
In Argentina, the strengths of classic schools of thought include a focus on hierarchical structures, clear power structures, and authoritative decision-making.
Classic school in South Korea and ArgentinaThis approach was essential to maintaining control and order during the political and economic instability that Argentina experienced in the 1970s and 1980s.
The classic approach also emphasized the importance of discipline and efficiency in public administration.
In South Korea, the strengths of classic schools of thought include a focus on the importance of education and merit-based advancement. This approach was critical to building a highly educated and skilled workforce that could compete on a global scale.
The classic approach also emphasized the importance of strong government intervention in the economy, which helped fuel South Korea's rapid economic growth and development.
In both cases, the classic schools of thought provided a strong foundation for stability and development, helping these countries overcome significant challenges and achieve remarkable success.
Learn more about South Korea at
https://brainly.com/question/15137749
#SPJ11
PLEASE HELP ME UNDERSTAND THIS!!!! An entrepreneur that made an impact on Florida's economy.include what they did and the impact they had.
One entrepreneur who had a significant impact on Florida's economy is Wayne Huizenga. Huizenga was a self-made billionaire who founded several successful companies, including Waste Management, Blockbuster Video, and AutoNation.
Huizenga's impact on Florida's economy began in the 1980s when he purchased a controlling interest in Blockbuster Video, which was then a small chain of video rental stores. Under Huizenga's leadership, Blockbuster grew rapidly and became the dominant video rental chain in the world, with over 9,000 stores at its peak.
In addition to Blockbuster, Huizenga also founded AutoNation, a chain of car dealerships that quickly became the largest auto retailer in the United States. He also invested in professional sports teams, including the Miami Dolphins, Florida Panthers, and Florida Marlins.
Huizenga's impact on Florida's economy was significant. His businesses created thousands of jobs, and he was known for his philanthropy and support of charitable causes in the state. He also played a key role in the development of South Florida, investing in real estate and infrastructure projects that helped to transform the region.
Overall, Wayne Huizenga's entrepreneurial spirit and business acumen had a major impact on Florida's economy, creating jobs, driving growth, and helping to build a stronger and more prosperous state.
What was the role of mass deportation in the Armenian genocide?
Answer:
There were approximately 1.5 million Armenians living in the multi-ethnic Ottoman Empire in 1915. At least 664,000 and possibly as many as 1.2 million died
Explanation:
Brainliest would be appreciated
:)
Do you know about the Federal Trade Commission? The mission of the Federal Trade Commission (FTC) is: (1) to prevent business practices that are anticompetitive or deceptive or unfair to consumers; (2) to enhance informed consumer choice and public understanding of the competitive process; and (3) to accomplish this without unduly burdening legitimate business activity. The FTC has three bureaus: Consumer Protection, Competition, and Economics. However, we focus mainly on the FTC’s Bureau of Consumer Protection for this discussion question (https://www.ftc.gov/about-ftc/bureaus-offices/bureau-consumer-protection). Click the this link and review the last two months of press releases from the FTC page (e.g., news, blog posts, reports, etc.). Based on these releases, please identify the major marketing ethical issues of concern at this time. PLEASE CHECK OUT THE WEBSITE BEFORE ANSWERING THIS QUESTION
Based on the press releases from the FTC page, the major marketing ethical issues of concern at this time are:
Deceptive marketing practices: The FTC has filed multiple lawsuits against companies engaging in deceptive marketing practices. These include claims of false advertising, misleading product labeling, and deceptive claims about the effectiveness of products or services.
The FTC has also taken action against companies engaging in robocalls and other forms of unwanted telemarketing practices.
Data privacy and security: The FTC has also focused on protecting consumer data privacy and security. The agency has taken action against companies that have suffered data breaches, as well as those that have failed to adequately protect consumer data from cyberattacks.
The FTC has also taken action against companies that have engaged in deceptive or unfair data collection practices.
Price gouging during the COVID-19 pandemic: The FTC has taken action against companies that have engaged in price gouging during the COVID-19 pandemic. This includes companies that have raised prices on essential goods such as hand sanitizer and face masks.
The agency has also taken action against companies that have made false or misleading claims about the effectiveness of products in preventing or treating COVID-19.
To know more about marketing ethical issues, refer here:
https://brainly.com/question/30483854#
#SPJ11
Step 08: Let's calculate the marginal cost for cell I19. The formula will be=(E19-E18)/(A19-A18). This is the change in total cost (E19-E18) divided by the change in quantity of output or total product (symbol Q) which is (A19-A18). See if this makes sense and copy it. Check: the marginal cost for the7th worker is$13.33(cell 125 ). Microeconomics, Miller Unit 06 Page 3 Refer to the graph to the right. Compare this graph to the Total Costs graph in the spreadsheet. Notice the Total Cost (TC) curve is just the Total Variable Cost (TVC) bumped up by the Total Fixed Cost (TFC) curve. Question 05: The Total Cost graphs plot Costs on the "y" axis verses what on the "x" axis? [ quantity of output OR quantity of labor] Refer to graph to the right. Compare this graph with the Average and Marginal Costs graph in the spreadsheet. Notice the Average Fixed Cost (AFC) curve continually declines as we produce more and more output, any fixed costs we have are spread out over an ever-greater output. Question 06: [TRUE or FALSE]: Referring to the spreadsheet graph, as long as the Marginal Cost (purple curve) is less than the Average Variable Cost (red curve), the Average Variable Cost declines. Question 07: [TRUE or FALSE]: Referring to the spreadsheet graph, the Marginal Cost (purple curve) intersects the Average Total Cost and Average Variable Cost curves at their minimums (lowest point). Question 08: Refer back to column F-Average Fixed Costs. In this example, our fixed costs were assumed to be$100. What was the AFC when we produced 25 units of output (or "product")? Question 09: Do marginal costs - the additional cost of an additional amount of output - have anything to do with our fixed costs? [ yes OR no]? Before answering go back to the spreadsheet and look at the formula in cell 119. It takes the change in total cost divided by the change in output. But if you look at columnsDandE, is the change in total cost the same as the change in variable cost? They should be the same. Also, if you used formulas throughout, change the fixed cost in cell D13 from$100to$200, and look at the marginal cost column I - you should see no changes in marginal costs no matter what you plug in for fixed costs. Do marginal costs - the additional cost of an additional amount of outpur - have anything to do with our fixed costs? [ yesORno ]? Nane: Ascent Yariable Ceat IUbic of Labe f40.00Astenc Fixed Cost is i 10000
No, marginal costs do not have anything to do with fixed costs. The marginal cost is calculated by taking the change in total cost divided by the change in output.
What is marginal ?Marginal is a concept that refers to the change in a particular variable when another variable is changed. It is often used in economics to refer to the change in total production, total cost, total revenue, or total profit as one more unit is produced or consumed. For instance, the marginal cost of producing one more unit of a good or service is the additional cost incurred by producing that one unit. Similarly, the marginal revenue of producing one more unit of a good or service is the additional revenue that is generated by producing that one unit.
To learn more about marginal
https://brainly.com/question/1264758
#SPJ1
If you were starting a new venture, do you think you would
benefit from participating in a business incubator or accelerator
program? If so, what do you think the primary benefits would
be?
Yes, a business incubator or accelerator program can be highly beneficial for a new venture. The primary benefits include access to mentorship, funding, and resources, as well as the opportunity to build relationships with other entrepreneurs.
Additionally, these programs provide guidance and support to help the business develop and succeed.
If you were starting a new venture, you would benefit from participating in a business incubator or accelerator program.
The primary benefits would be:Business incubators and accelerators are organizations that provide support to startups in the form of funding, mentoring, workspace, and other resources to help them grow and succeed. Joining a business incubator or accelerator can help entrepreneurs in a variety of ways, including:
Access to Funding: Incubators and accelerators often offer access to funding opportunities, including seed capital, venture capital, angel investors, and crowdfunding. This can be a significant benefit for startups, as funding can be hard to come by for new businesses.
Mentorship and Coaching: Incubators and accelerators offer access to experienced entrepreneurs and business experts who can provide guidance and support to new entrepreneurs. This can help new startups avoid common mistakes and make better decisions as they grow their businesses.
Networking Opportunities: Incubators and accelerators provide access to a network of other entrepreneurs, investors, and industry experts. This can help startups build relationships, gain exposure, and find new business opportunities.
Shared Resources: Incubators and accelerators often provide shared workspace, equipment, and other resources that can help startups save money and operate more efficiently.
Access to Customers: Some incubators and accelerators provide access to potential customers and partners, which can be a significant advantage for startups looking to grow their businesses.
To know more about business incubator refer to-
brainly.com/question/15235149#
#SPJ11
N the medical field, interns and residents are required to work such long shifts that they are perpetually exhausted and do not function optimally, making the process of obtaining a medical degree extremely difficult. Dissonance theory and effort justification would suggest that a possible motivation for the creation of this policy is to:
The possible motivation for the creation of the medical field policy requiring interns and residents to work long shifts is effort justification.
Effort justification is a psychological concept proposed by dissonance theory that states that when individuals put in a lot of effort and time to achieve a goal, they tend to justify the effort and time by believing that the goal is actually worth it.
This idea explains how the rule forcing medical interns and residents to work lengthy shifts could have been established.
Long shifts made mandatory for interns and residents increase the likelihood that they would think earning a medical degree is worth the effort and attention required to get there.
More motivation and dedication to accomplishing the objective may result from this justification of the effort.
The extended hours may also be used to gauge the interns' and residents' commitment to their work and determine whether they are ready for the demands of a career in medicine.
To know more about dissonance theory,
https://brainly.com/question/6189942
#SPJ4
He project for which she had enlisted his aid was formidable even for a crusading young teacher of Social Studies on the ninth grade Junior High level. For two months merchants of the neighborhood had been reporting stores broken into by a teenage gang. Beyond establishing that the crimes were the work of the same boys, who were probably students at Henry Hudson High School, the police had got nowhere.
—"Object Lesson,"
Ellery Queen
What is the best prediction from the line "the police had got nowhere"?
Ellery will decide that the police should be fired for not doing their jobs.
Ellery will lecture the police about crime-solving.
Ellery will be able to figure out the case better than the police could.
Ellery will be unable to solve the case, just as the police were
The best prediction of the line "the police had got nowhere" is that Ellery cannot solve the case, just like the police.
Ellery Queen is a feisty young high school ninth grade social studies teacher trying to solve a difficult problem. Reports of shops being robbed by a teenage gang have been circulating for two months and police have made no progress in solving the case.
Ellery's background is in social studies, not crime solving, so it's likely he's no better at solving the case than the police. While you can point out flaws in the police investigation or suggest other methods of solving crimes, ultimately you won't be able to solve the case yourself.
To know more about Ellery Queen:
brainly.com/question/16129319
#SPJ4
fill in the blank. charles taylor claims that___is essential in order to allow for a location from which we can deliberate openly and publicly about those fundamental parts of our identities that we share or potentially share.
Charles Taylor claims that recognition is essential in order to allow for a location from which we can deliberate openly and publicly about those fundamental parts of our identities that we share or potentially share.
Recognition is an important concept in Taylor's work, as he believes that individuals need to be recognized and valued by society in order to fully develop their identities and participate in public discourse. Without recognition, individuals may feel marginalized and excluded from important conversations about identity and society.
Therefore, Taylor argues that recognition is essential for creating a space where individuals can openly and publicly discuss their identities and the ways in which they relate to others.
Therefore, The answer is recogintion.
To know more about potentially share refer here:
https://brainly.com/question/20461322#
#SPJ11
This propaganda poster from World War I was most likely saying that
The propaganda poster from the World War I most likely said that the citizens should come together with boosted morale, and urge the support to the government for taking actions.
The propaganda posters were not uncommon to all the participating countries in the World War I. In fact, it may also be stated that each of the countries had made their own posters in order to boost the morale of its citizens, and urge them to take actions, thereby garnering support for undergoing the state of war against the alien nations.
Learn more about World War I here:
https://brainly.com/question/28528134
#SPJ4
Complete question
What did the propaganda posters from the World War I most likely say?
There are two existing firms in the market for computer chips. Firm A knows how to reduce the production costs for the chip and is considering whether to adopt the innovation or not. Innovation incurs a fixed setup cost of C, while increasing the revenue. However, once the new technology is adopted, another firm, B, can adopt it with a smaller setup cost of C/3. If A innovates and B does not, A earns $30 in revenue while B earns $10. If A innovates and B does likewise, both firms earn $20 in revenue. If neither firm innovates, both earn $10.
a) Under what condition (i.e., for what values of C) will firm B have an incentive to adopt if firm A adopts the innovation? Explain.
b) Under what condition will firm A innovate? Explain.
If the fixed cost of C is less than or equal to 30 dollars, it is profitable for firm A to adopt the innovation since the revenue generated from adopting the innovation is greater than the revenue generated from not adopting the innovation.
a) The condition where firm B will have an incentive to adopt the innovation if firm A adopts the innovation is when the fixed setup cost of C is equal to or less than $20.The total revenue generated by both firms when A adopts the innovation and B doesn't is 30 dollars for firm A and 10 dollars for firm B. The revenue generated when both A and B adopt the innovation is 20 dollars for each firm. If none of the firms adopt the innovation, each will earn 10 dollars. By adopting the innovation with a smaller setup cost, firm B can increase its revenue from $10 to $20, which is greater than the revenue it generates if it doesn't adopt the innovation. Therefore, if C is greater than 20 dollars, firm B will not have an incentive to adopt the innovation since its revenue from not adopting the innovation is greater than the revenue it generates by adopting the innovation.
b) The condition under which firm A will innovate is when the fixed setup cost of C is less than or equal to $30.When firm A adopts the innovation and firm B doesn't, firm A generates a revenue of $30. If both firms adopt the innovation, they will generate a revenue of $20 each. However, if neither firm adopts the innovation, they will generate a revenue of $10 each. Therefore, if the fixed cost of C is less than or equal to 30 dollars, it is profitable for firm A to adopt the innovation since the revenue generated from adopting the innovation is greater than the revenue generated from not adopting the innovation.
For more about revenue:
https://brainly.com/question/8645356
#SPJ11
The government decides that a pretty populace is a happy populace. It therefore decides to establish a $5 subsidy for suppliers of haircuts. The price of haircuts falls from $28 to $25. The quantity transacted of haircuts rises from 1000 to 1400.
All 1400 haircuts get paid the $5 subsidy. 1000 of the 1400 haircuts would have happened anyway. But 400 of them wouldn't.
How much did the government spend per increased haircut?
The government spent $5 per increased haircut.
This is because the government established a $5 subsidy for suppliers of haircuts, which caused the price of haircuts to fall from $28 to $25. The quantity of haircuts transacted rose from 1000 to 1400, meaning that the government spent $5 per increased haircut.
To calculate this, we can use the following formula:
Government Spending per Increased Haircut = (Subsidy Amount per Haircut) / (Change in Quantity Transacted)
In this case, the Subsidy Amount per Haircut is $5, and the Change in Quantity Transacted is 400.
So, Government Spending per Increased Haircut is $5 / 400 = $0.0125. This means that the government spent $5 per increased haircut.
To know more about government spending, refer here:
https://brainly.com/question/29801591#
#SPJ11
\begin{tabular}{|c|c|c|} \hline \multirow{2}{*}{
Time in Seconds
} & Run \#1 & \multicolumn{1}{|c|}{ Run \#2 } \\ \cline { 2 - 3 } & Position in Centimetres & Position in Centimetres \\ \hline
0.0
&
0 cm
&
0 cm
\\ \hline
0.1
&
2 cm
&
2.3 cm
\\ \hline
0.2
&
4 cm
&
4.8 cm
\\ \hline
0.3
&
6.2 cm
&
7.3 cm
\\ \hline
0.4
&
8.3 cm
&
9.7 cm
\\ \hline
0.5
&
10.6 cm
&
12.3 cm
\\ \hline
0.6
&
13 cm
&
14.9 cm
\\ \hline
0.7
&
15.4 cm
&
17.6 cm
\\ \hline
0.8
&
17.8 cm
&
20.3 cm
\\ \hline
0.9
&
20.3 cm
&
22.8 cm
\\ \hline
1.0
&
22.4 cm
&
24.8 cm
\\ \hline \end{tabular} 2. Compute the slope of each line, showing calculations: Run \#1 Run \#2 Slope
=
Slope
=
Be sure to include the units. 3. Write an equation for each line: Run \#1 Run \#2
The given table provides the position in centimetres at different time in seconds for Run \#1 and Run \#2. To compute the slope of each line, we can use the equation Slope = $\frac{\Delta y}{\Delta x}$, where $\Delta y$ is the change in y values and $\Delta x$ is the change in x values.
For Run \#1, the change in y values is 10.6 cm - 0 cm = 10.6 cm, and the change in x values is 0.5 s - 0 s = 0.5 s. So the slope for Run \#1 is 10.6 cm/0.5 s = 21.2 cm/s.
For Run \#2, the change in y values is 24.8 cm - 0 cm = 24.8 cm, and the change in x values is 1.0 s - 0 s = 1.0 s. So the slope for Run \#2 is 24.8 cm/1.0 s = 24.8 cm/s.
The equation for Run \#1 is y = 21.2 cm/s x + 0 cm. The equation for Run \#2 is y = 24.8 cm/s x + 0 cm.
To know more about slope, refer here
https://brainly.com/question/3605446#
#SPJ11
Chiara's preferences can be described by the utility function ????(x,y). The price of good x is px and the price of good y is py. Chiara's income is ????. Draw Chiara's budget constraint, identify her best choice and illustrate it with a graph using the following information:
b) ????(????,????)=ln(x)+y and px=2 ; py=1 ; ????=10
The point (1/2,9) lies on the budget constraint and maximizes Chiara's utility. Therefore, it is her best choice.
The given utility function for Chiara's preferences can be described as ?(x,y) = ln(x) + y. The price of good x is px and the price of good y is py. Chiara's income is m = 10. We have to draw Chiara's budget constraint, identify her best choice and illustrate it with a graph using the given information.
The budget constraint for Chiara can be given as:
px x + py y = m
Substituting the given values, we have:
2x + y = 10
We can rewrite this equation as:
y = 10 - 2x
This is the equation for the budget constraint. We can plot this equation on a graph as follows:
Chiara's budget constraint is a straight line with a slope of -2. Now, we have to identify her best choice. Chiara's preferences can be described by the utility function ?(x,y) = ln(x) + y. We can use this function to find her best choice.
The first-order condition for maximizing Chiara's utility function can be given as:
∂?(x,y)/∂x = 1/x = px/py
Solving for x, we get:
x = py/px = 1/2
Substituting this value in the budget constraint equation, we get:
y = 10 - 2(1/2) = 9
Therefore, Chiara's best choice is (x,y) = (1/2,9). We can plot this point on the graph.
Know more about budget constraint here:
https://brainly.com/question/14611599
#SPJ11
Billions of
National income account dollars
Personal consumption expenditures
$950
Personal taxes
Government consumption and gross investment
280
Interest income
400
Exports
6
Imports
140
Depreciation
75
Gross investment
60
120
The national income account is a measure of the economic performance of a country. It includes personal consumption expenditures (PCE) which is the total amount of money spent by households on goods and services.
Personal taxes are the taxes individuals pay to the government. Government consumption and gross investment are the government's purchases of goods and services. Interest income is the amount of money households receive from interest payments.
Exports are the goods and services that are shipped outside of the country and imports are the goods and services shipped into the country. Depreciation is the amount of money that businesses spend to replace and maintain their capital goods.
Gross investment is the total amount of money spent by businesses on new capital goods and structures. In total, the national income account for these items is $950 for PCE, $280 for government consumption and gross investment, $400 for interest income, $6 for exports, $140 for imports, $75 for depreciation, and $60 for gross investment.
Know more about depreciation here
https://brainly.com/question/30531944#
#SPJ11
Complete question is ;-
Billions of National income account dollars
Personal consumption expenditures $950
Personal taxes
Government consumption and gross investment
280
Interest income
400
Exports
6
Imports
140
Depreciation
75
Gross investment
60
120
What is include in it?
What is the connection between the men of the whale ship Essex and the audience walker is addressing
The connection between the public and the men of the Essex whaleship is the sense of fear.Although you haven't shown it,
What is Essex whaleship?
Launched in 1799, the Essex was a whaling vessel owned by Americans from Nantucket, Massachusetts. Under Captain George Pollard Jr.'s command, a ship was attacked and sunk by a sperm whale in the southern Pacific Ocean in 1820. The 21-man crew was compelled to escape in the ship's remaining whaleboats thousands of miles from the coast of South America and without enough food or water.
The crewmen perished from acute malnutrition, dehydration, and exposure on the open sea, and the survivors finally turned to devouring the dead crewmen's bodies. After that failed to save them, the crew members cast lots to decide who they would kill in order to save the others.
To study more about essex whaleship
https://brainly.com/question/15189679
#SPJ1
The legends of magic mushrooms in China are thought to be derived from what neighboring country? India TibetMongolia Korea
The legends of magic mushrooms in China are thought to be derived from neighboring country Tibet. Option B is the correct answer.
Magic mushrooms, also known as psilocybin mushrooms, are a type of fungi that contain psilocybin, a chemical that produces hallucinations when consumed. Magic mushrooms have been used for religious or spiritual purposes and for recreational purposes as well. Magic mushrooms are illegal in most countries, including the United States, and are classified as a Schedule I drug, which means they have no legitimate medical use and are highly addictive. However, there are efforts being made to legalize psilocybin mushrooms for therapeutic use, as research has shown that they may have potential benefits for treating mental health conditions such as depression, anxiety, and PTSD.
Tibet is a neighboring country of China that has influenced the legends of magic mushrooms in China. China has a long history of using traditional medicines and remedies, including those made from mushrooms. Magic mushrooms are believed to have been used for medicinal and spiritual purposes in China for thousands of years. However, it is thought that the legends surrounding magic mushrooms may have been influenced by Tibetan culture and mythology.
The correct answer is option B.
You can learn more about magic mushrooms at
https://brainly.com/question/31179935
#SPJ11
One risk of launching an extension is that the perception of the brand could be weakened if the extension does not do well. This is known as ________________________.A. Brand cannibalizationB. Brand lossC. Brand competitionD. Brand liabilityE. Brand dilution
One risk of launching an extension is that the perception of the brand could be weakened if the extension does not do well. This is known as brand dilution. Option E is correct.
"Brand dilution is a risk of launching an extension that refers to the weakening of the brand perception due to the introduction of a new product that does not meet the expectations of the target market. It is one of the most significant risks of launching an extension.
A brand's dilution can occur in various ways, such as loss of focus, inconsistency, or confusion with other brands. It can also occur when an extension is not in line with the company's core values or brand image.The introduction of an extension that does not meet the expectations of the target market can cause a significant negative impact on the brand's reputation, leading to the weakening of the brand perception.
Hence, it is essential to evaluate the risk factors before launching an extension to avoid the dilution of the brand.
To know more about Brand Dilution click here:
https://brainly.com/question/29558252#
#SPJ11
Estimate the cost in 2018 of a 1110-horsepower steam turbine air compressor if a 200-horsepower unit costs $205,000 in 1999. The exponent in the cost capacity equation is 0.35 and the equipment cost index increased by 35% over that time period.
The cost in 2018 is $_____.
The cost in 2018 of a 1110-horsepower steam turbine air compressor if a 200-horsepower unit costs $205,000 in 1999 is $3,201,205.84.
How to calculate the cost of 110-horsepower steam turbine air compressorTo calculate the cost of a 1110-horsepower unit in 2018, we can use the cost capacity equation:
Cost of A/B = Cost of X/Y (A/B)^(exponent) / (X/Y)^(exponent)
Here, A = 1110, B = 200, X = 1110, Y = 200, cost of X/Y = $205,000, exponent = 0.35
Cost of 1110/200 = 205000 (1110/200)^(0.35) = $1,714,121.82
The equipment cost index increased by 35% over the time period, which means it increased from 100 to 135.
To convert the 1999 cost to 2018, we need to use the following formula:
Cost in 2018 = Cost in 1999 × (Equipment cost index in 2018 / Equipment cost index in 1999)
Cost in 2018 = $1,714,121.82 × (135 / 100) = $2,312,404.76
Finally, to calculate the cost of a 1110-horsepower unit in 2018, we can use the same equation with the new cost in 2018 as the cost of X/Y:
Cost of 1110/200 = 2,312,404.76 (1110/200)^(0.35) = $3,201,205.84
Therefore, the cost in 2018 of a 1110-horsepower steam turbine air compressor if a 200-horsepower unit costs $205,000 in 1999 is $3,201,205.84.
Learn more about equipment cost at
https://brainly.com/question/28177089
#SPJ11
Thick-market effects and coordination failure. (This follows Diamond, 1982.)31 Consider an island consisting of N people and many palm trees. Each person is in one of two states, not carrying a coconut and looking for palm trees (state P) or carrying a coconut and looking for other people with coconuts (state C). If a person without a coconut finds a palm tree, he or she can climb the tree and pick a coconut; this has a cost (in utility units) of c. If a person with a coconut meets another person with a coconut, they trade and eat each other’s coconuts; this yields u¯ units of utility for each of them. (People cannot eat coconuts that they have picked themselves.)
A person looking for coconuts finds palm trees at rate b per unit time. A person carrying a coconut finds trading partners at rate aL per unit time, where L is the total number of people carrying coconuts. a and b are exogenous.
Individuals’ discount rate is r. Focus on steady states; that is, assume that L is constant.
(a) Explain why, if everyone in state P climbs a palm tree whenever he or she finds one, then rVP = b(VC − VP − c), where VP and VC are the values of being in the two states.
(b) Find the analogous expression for VC.
(c) Solve for VC − VP, VC, and VP in terms of r, b, c, u¯, a, and L.
(d) What is L, still assuming that anyone in state P climbs a palm tree whenever he or she finds one? Assume for simplicity that aN = 2b.
(e) For what values of c is it a steady-state equilibrium for anyone in state P to climb a palm tree whenever he or she finds one? (Continue to assume aN = 2b.)
(f) For what values of c is it a steady-state equilibrium for no one who finds a tree to climb it? Are there values of c for which there is more than one steady-state equilibrium? If there are multiple equilibria, does one involve higher welfare than the other? Explain intuitively.
It is a steady-state equilibrium for anyone in state P to climb a palm tree whenever he or she finds one when the cost of climbing the tree is less than the benefit of trading coconuts (c < u¯/ (1+aL/b)).
(a) In this scenario, when everyone in state P climbs a palm tree whenever they find one, the value of being in state P (VP) must be equal to the benefit of climbing the tree, minus the cost of climbing the tree (b(VC-VP-c)). This is because when the benefit is greater than the cost, it is more beneficial to climb the tree and get a coconut than not climb the tree. Thus, the equation can be rewritten as: rVP = b(VC - VP - c).
(b) Similarly, when everyone in state C trades coconuts whenever they find someone else with a coconut, the value of being in state C (VC) must be equal to the benefit of trading minus the cost of trading (aL(VP-VC-u¯)). This is because when the benefit is greater than the cost, it is more beneficial to trade coconuts than not trade them. Thus, the equation can be rewritten as: rVC = aL(VP-VC-u¯).
c) By combining the two equations from (a) and (b), the value of VC-VP can be solved as: VC-VP = c + u¯/ (1+aL/b). The value of VC can be solved as: VC = c + (1+aL/b)VP. The value of VP can be solved as: VP = (b/r) (c+u¯/ (1+aL/b)).
(d) In this scenario, L is equal to the number of people carrying coconuts. This can be calculated by solving the equation from (c) for VC and setting it equal to aN/2, which is the rate at which a person carrying a coconut finds trading partners. Thus, L is equal to aN/(2b).
(e) It is a steady-state equilibrium for anyone in state P to climb a palm tree whenever he or she finds one when the cost of climbing the tree is less than the benefit of trading coconuts (c < u¯/ (1+aL/b)).
(f) It is a steady-state equilibrium for no one who finds a tree to climb it when the cost of climbing the tree is greater than the benefit of trading coconuts (c > u¯/ (1+aL/b)). There may be multiple equilibria when the cost is equal to the benefit (c = u¯/ (1+aL/b)). In this case, one equilibrium may involve higher welfare than the other. Intuitively, this is because when the cost and benefit of climbing the tree and trading coconuts are equal, people have the choice of either action, and some may choose to climb the tree while others may choose to trade coconuts. Depending on which action is chosen by the majority, the welfare of the overall population may vary.
For more about coordination failure:
https://brainly.com/question/4543916
#SPJ11
mary has always been a sickly child. her caring and devoted mother is always by her side. one week, mary's mother leaves town to visit an old friend, and suddenly mary starts to feel better. but, as soon as her mother returns, mary starts to exhibit a host of unexplained symptoms yet again. based on this observation, mary's doctor worries that mary's mother might have:
Based on the given observation, Mary's doctor worries that Mary's mother might have Munchausen syndrome by proxy.
What is Munchausen syndrome by proxy?Munchausen syndrome by proxy (MSBP), also known as factitious disorder imposed on another (FDIA), is a condition in which a person fabricates or induces illness in someone else, typically their child or dependent. Munchausen syndrome by proxy, also known as factitious disorder imposed on another, is a rare and very serious mental illness in which someone creates an imaginary or induces physical symptoms in another person.
The symptoms, which are frequently severe, are produced by the person who is responsible for the victim's care, most commonly the mother or female caregiver, and they are often premeditated. Munchausen syndrome by proxy is a type of abuse that is harmful and potentially deadly, particularly if the victim is a child or someone who is unable to communicate effectively.
To know more about Munchausen syndrome, refer here:
https://brainly.com/question/10548663#
#SPJ11
An example of psychosocial moratorium is. Group of answer choices dropping college classes having a romantic relationship attending high school shadowing a doctor
An example of a psychosocial moratorium is dropping college classes. So option a. is the correct answer.
A psychosocial moratorium is when an individual takes a break from "real life" to vigorously explore for their identity. The originator, Erik Erikson, reported that it is a period of time "during which the individual through complimentary role experimentation may discover a niche in some section of his society, a place which is firmly specified and yet seems to be uniquely put together for him" (Erikson, 1956). During a psychosocial moratorium, a person has the prospect to try on multiple identities and/or positions before firmly committing to one. They also complete their understanding of ethics and morals in this phase.
To learn more about the psychosocial moratorium visit here:
https://brainly.com/question/29419020
#SPJ4
Rank the SDGs (Social development Goals) on which ones do you
think are most important. Choose 5 and explain.
SDGs are Social Development Goals. There are 17 social development goals that the United Nations has set as its agenda. Below are five of the most important goals out of these SDGs.
Goal 1: No Poverty - This is the most important social development goal as it is linked to a lot of other social problems. It is crucial to end poverty in all its forms by ensuring economic growth, social protection, and support for those living in poverty.
Goal 2: Zero Hunger - Hunger and malnutrition are serious problems in many countries, particularly in developing countries. Zero hunger is the second most critical goal that seeks to end hunger, promote sustainable agriculture, and provide access to healthy food for all.
Goal 3: Good Health and Well-being - Good health and well-being are vital to our personal and professional lives. It is important to ensure that everyone has access to quality healthcare services, including mental health services.
Goal 4: Quality Education - Education is the foundation for personal and social development. It is critical to provide quality education to everyone, regardless of their socioeconomic status or background, to ensure a bright future for everyone.
Goal 5: Gender Equality - Gender equality is an essential social development goal as it aims to eliminate discrimination against women and girls, promote equal opportunities for all, and empower women in all spheres of life. Gender equality is a fundamental human right and a necessary condition for sustainable development.
To know more about Social Development Goals, refer here:
https://brainly.com/question/29104100#
#SPJ11
PESTLE Analysis for Washing Machine Market in Asia 1 ( Middle East,
India, Pakistan, Iran, Iraq, and Turkey etc. )
The environmental component of the PESTLE analysis examines the impact of environmental factors on the industry.
For example, climate change and natural disasters may have an impact on the supply chain for washing machine components, causing prices to rise. Additionally, consumers may prioritize eco-friendly washing machines over less environmentally friendly models.
What's PESTLE AnalysisPESTLE analysis is a tool used to examine the macroeconomic factors that affect a business, organization, or institution in order to make informed decisions. It is made up of political, economic, social, technological, legal, and environmental components.
Let us examine these components in regards to the washing machine market in the Middle East, India, Pakistan, Iran, Iraq, and Turkey.
PoliticalThe first thing to consider is the political environment, which includes the legal and regulatory structures that affect the industry. Government regulations on imports and exports, tariffs, and subsidies are just a few examples of how politics may influence the washing machine industry in this area.
Governments in these countries may have different trade policies, which may make it difficult for foreign firms to enter the market.
EconomicThe economic component of a PESTLE analysis is concerned with the economic circumstances and prospects of the area. This could include the GDP, inflation, exchange rates, and other economic indicators.
The washing machine market may be affected by these factors, as consumer spending is influenced by economic growth and changes in disposable income.
SocialThe social factors that influence the washing machine market include culture, demographics, and trends. Different countries have different cultures and lifestyles, and these will affect the preferences of consumers when purchasing washing machines.
TechnologicalThe technological component of the PESTLE analysis examines the impact of technological advancements on the industry. In the washing machine market, technological advancements may lead to the creation of more energy-efficient models, or they may lead to the development of smart washing machines that can be controlled remotely through an app.
LegalThe legal component of PESTLE analysis refers to laws and regulations that may affect the industry. Regulations on product safety, intellectual property, and labor practices may all affect the washing machine industry.
Learn more about PESTLE analysis at
https://brainly.com/question/14305249
#SPJ11
The unemployment rates for teens are consistently higher than
the unemployment rates for other
Adolescent unemployment rates are consistently higher than unemployment rates for other age groups due to a number of factors. One of the main factors is the lack of work experience. Teenagers often have less work experience than older workers, which can make it more difficult to find a job and compete in the job market.
There may also be broader economic factors contributing to high teen unemployment rates. In times of economic downturn, competition for jobs increases and teens may have even more difficulty finding employment.
In conclusion, high adolescent unemployment rates are a persistent problem in many countries due to a number of factors, including a lack of work experience, the limited availability of jobs for adolescents, and broader economic factors.
Lear More About Unemployment
https://brainly.com/question/13280244
#SPJ11
Laurence is working on a letter to send to his landlord disputing some charges. he creates a rough draft to share with his dad. once he gets his dad's input, what is laurence's next step? question 3 options: a. create an outline b. send the letter c. make changes and proofread the letter d. brainstorm his thoughts
Answer:
C. make changes and proofread the letter
Explanation:
The third suggestion—to edit and proofread the letter—is the best one.
What do you mean by disputes over landlord fees?The majority of landlords don't intend to scam you of money. Despite this, it is all too typical to encounter arbitrary charges, whether for damages or other expenses. Most of the time, landlords simply impose these damages because they can, anticipating little resistance from tenants. The good news is that you can successfully contest unjust landlord charges if you are aware of your rights and fully support your case.
Write a formal business letter as the first and important step. To challenge unreasonable landlord fees, you must keep a paper trail so that, should you need to file a lawsuit, you will have proof to support your claims. To address your landlord in this situation, you must write a proper business letter.
To know more about dispute charges visit:
https://brainly.com/question/30644467
#SPJ1
Three reasons why researching admissions requirements in advance can help Grade 11s to set achievable academic goals?
Answer:
Clear understanding of academic expectations: Researching admissions requirements can give Grade 11s a clear understanding of the academic expectations required by the colleges or universities they are interested in attending. This knowledge can help them set achievable academic goals that align with their desired institution's expectations.
Realistic goal setting: Understanding the admission requirements can help Grade 11s set realistic academic goals that can increase their chances of being admitted to their desired institutions. It allows them to assess their current academic standing and identify areas that need improvement to meet the admission standards.
Motivation: Knowing what it takes to gain admission to a particular institution can be a significant source of motivation for Grade 11s. It can help them stay focused on their studies, work hard, and take the necessary steps to achieve their academic goals.
Explanation:
Local development proposal plays vitle role in development of local level justify this statement in four points
Answer:
By implementing plans at local level , the resources available at local level can be used wisely. Concept of sustainable development can be achieved. Cost of development will be reduced due to the participation of local people.
The impact which the 16 day’s of activism campaign has had on GBV
The impact of the 16 days of activism campaign on Gender Based Violence, or GBV, was that it helped in raising awareness related to combat actions in situations of sexual and mental abuse.
The GBV, or the Gender Based Violences can be understood as the type of violence wherein, a specific group of gender is under the target of undergoing violent actions, which may also include harassment as well as the sexual abuse of individuals or groups. The impact of the activism campaign against the same stopped the activities in the society for an elongated period, and helped in spreading awareness related to the same.
Learn more about Gender Based Violence here:
https://brainly.com/question/16923564
#SPJ4
Complete question
What was the impact which the 16 day’s of activism campaign has had on GBV, or Gender Based Violence?
The Brussels sprouts industry is perfectly competitive and each pro- ducer has the long-run total cost function
TC(Q) = 40Q − 6Q2 + 13Q3. The market demand curve for Brussels sprouts is
D(P ) = 2200 − 100P.
What is the long-run equilibrium price in this industry? At this price, how much would an individual firm produce? How many firms are in the Brussels sprouts market in a long-run competitive equilibrium?
A firm's long-run equilibrium condition To attain long run equilibrium, a firm's marginal cost must match the price and the long run average cost. In other words, LMC = LAC = P. The company reduces the size of their factory in order to achieve the lowest possible LAC.
MC(q)=1 2q + 3q2 = 1/4 =. 75 is the long-run equilibrium price. Qd(p) = 24 p = 24.75 = 23.25 is the market quantity determined by market demand. When all businesses receive zero economic profits and the number of firms in the market does not change, the market is said to be fully competitive. Longrun average total cost minimization.
Learn more about equilibrium price
https://brainly.com/question/28527601
#SPJ1
If you want to be certain that the behavior of interest to your research is as natural as possible, you will want to use a(n) a. Laboratory procedure. B. Naturalistic observation. C. Validity scale. D. Expert interviewer
If one wants to ensure that the behavior being studied is as natural as possible, naturalistic observation would be the best approach. option B is correct.
Naturalistic observation involves observing and recording the behavior of people or animals in their natural environment, without manipulating any variables or interfering with the behavior being observed. This method allows researchers to gain a deeper understanding of the behavior and its context, while minimizing the potential influence of the researcher's presence or actions on the behavior being studied. In contrast, laboratory procedures involve bringing subjects into a controlled environment, which can create an artificial setting that may affect the behavior being studied. Validity scales and expert interviews may be useful in assessing the quality of data collected through other methods but are not relevant for ensuring natural behavior in research.
For such more question on behavior
https://brainly.com/question/2099913
#SPJ4