The supply of labor does not increase to match the increased demand, causing a labor shortage. When wages are sticky, the labor market is unable to reach an equilibrium wage rate that balances the supply and demand for labor.
Suppose the equilibrium wage rate in the labor market is $10 and the demand for labor increases. If wages are sticky, there will be a surplus of labor and the wage rate stays the same.
What is the definition of Equilibrium?
Equilibrium is a condition in which all economic variables stay constant or adjust to the mean values that generate no further change. It is a state of balance between two opposing market forces, demand and supply, and no longer shifts in either direction.
What is the meaning of Sticky Wages?
Sticky wages are wages that remain at a constant level, regardless of the forces that should theoretically raise or lower them. When economic variables such as supply and demand change, sticky wages do not immediately respond. Rather than being a price or wage floor, a sticky wage is a price or wage that is held constant because of some other force at work.
What happens when the demand for labor increases in the labor market with a sticky wage?
When the demand for labor increases in the labor market with a sticky wage, there will be a surplus of labor and the wage rate stays the same. The quantity of labor demanded exceeds the quantity of labor supplied, resulting in a labor shortage. At the equilibrium wage rate, a surplus of labor exists when the wage rate is raised above the level that would balance supply and demand.
Why does the wage rate stay constant?
The wage rate stays constant because workers are not willing to work at a lower wage rate. As a result, the supply of labor does not increase to match the increased demand, causing a labor shortage. When wages are sticky, the labor market is unable to reach an equilibrium wage rate that balances the supply and demand for labor.
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What is an example of your experience with cultural,racial and or economic diversity?
Answer:
One of the best examples that i can think of is the BLM protests.
In the height of the pandemic in 2020, there was an uproar following the mud3r of George Floyd and MANY more other Black people. So when people took to the streets to protest against police brutality, we saw all sorts of cultural and racial diversity protesting for the rights of our black brothers and sisters.
Explanation:
Which of the following is not a major control risk in the payroll cycle? A. Paying fictitious "employees." B. Overpaying for time or production.
Neither option is NOT a major control risk in the payroll/revenue cycle. Both options represent significant control risks that should be addressed through appropriate control measures and regular monitoring.
Control risks refer to the risks associated with inadequate or ineffective controls in a business process, which can result in errors or fraud. The payroll cycle is a critical business process that involves paying employees for their work. To ensure accuracy and prevent fraud, various control measures are put in place. Two major control risks in the payroll cycle are paying fictitious employees and overpaying for time or production. However, the two options given are paying fictitious employees and overpaying for time or production. Therefore, one of these options is NOT a major control risk.
After analyzing the options, it can be concluded that paying fictitious employees is a major control risk in the payroll cycle as it can result in fraudulent payments being made to non-existent employees. On the other hand, overpaying for time or production is also a major control risk in the payroll cycle as it can result in unnecessary costs and inaccurate payments to employees.
Therefore, the answer to your question is that neither option is NOT a major control risk in the payroll cycle. Both options represent significant control risks that should be addressed through appropriate control measures and regular monitoring.
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Assets A and B each have an expected return of 10 percent. Asset A has a standard deviation of 12 percent while Asset B has a standard deviation of 13 percent. Which asset would a rational investor choose
A rational investor would choose A. This is because it is less volatile and has a lower standard deviation. ln this case the return on both assets is the same and hence the deciding factor is the standard deviation. Lower deviation means lesser risk and lesser chances of fluctuations.
A hypothetical person who weighs the advantages and disadvantages of every choice before acting; the foundation for many economic theories and models.
Investor disillusionment occurs when the very people who support the corporate system lose confidence in it. According to the corporate form of business, investors provide a corporation with capital by purchasing its shares.
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Who do you think has the most
influence?
Answer:
because the influence is an important
a) What is the optimal size of the production run? 4,676 units (round your response to the nearest whole number). b) What is the average holding cost per year? \$ (round your response to two decimal places). C) What is the average setup cost per year? $ (round your response to two decimal places). d) What is the total cost per year, including the cost of the lights? $11,764.10 ⊤
(round your response to two decimal places). Radovilsky Manufacturing Company, in Hayward, Calfomis, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12.500 fashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $48. The cost of each light is $1.05. The holding cost is 50.05 per light per yoat. a) What is the optimal suze of the production run? units (round your response to the nearest whole number).
The optimal size of the production run for Radovilsky Manufacturing Company is approximately 4,676 units.
The optimal size of the production run, we can use the economic order quantity (EOQ) formula:
EOQ = √((2 * D * S) / H)
Where:
EOQ = Economic order quantity (optimal production run size)
D = Annual demand (12,500 units)
S = Setup cost per production run ($48)
H = Holding cost per unit per year ($0.05)
Plugging in the values, we have:
EOQ = √((2 * 12,500 * 48) / 0.05)
EOQ ≈ 4,675.74
Rounding the result to the nearest whole number, the optimal size of the production run is 4,676 units.
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Develop an argument that takes a position on which type of grant best serves the interests ofcitizens.Use at least one piece of evidence from one of the following foundational documents___________
The type of grant that best serves the interests of citizens is the categorical grant, which provides funding for specific programs and allows for greater accountability and effectiveness in achieving desired outcomes.
Grants are an important way for the government to distribute funds to various organizations and programs. There are two main types of grants: block grants and categorical grants. Block grants provide funding for a broad range of programs, while categorical grants provide funding for specific programs that meet certain criteria.
In terms of serving the interests of citizens, since the categorical grants are targeted to specific programs, it is easier to evaluate the success of these programs and ensure that the funds are being used effectively.
These can address the specific needs and priorities of the citizens. For example, the Elementary and Secondary Education Act (ESEA) provides categorical grants to support education programs for disadvantaged students. By providing targeted funding, the government can address specific needs and ensure that resources are being used where they are most needed.
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what time is it? pls tell meee
Answer:
it is 11.20 am in my phone
HOPE IT HELPS
Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah's Cycles on February 1 for $1,250 (cost of goods sold of $725). On February 9, Sarah's Cycles returned to Cycle Wholesaling one-quarter of the merchandise from February 1 (cost of goods returned was $195). Cycle Wholesaling uses a perpetual inventory system, and it allows returns only within 15 days of initial sale. Required:
Answer:
1. 1-Feb
Dr Accounts receivable 1,250
Cr Sales revenue 1,250
2 . 1-Feb
Dr Cost of goods sold 725
Cr Inventory 725
3. 9-Feb
Dr Sales revenue 312.50
Cr Accounts Receivable 312.50
4. 9-Feb
Dr inventory 195
Cr Cost of goods sold 195
5. 2-Mar
Dr Cash 937.50
Cr Accounts receivable 937.50
B. Gross profit percentage=43.47%
Explanation:
A. Preparation of the journal entries to record sales , goods return on February 9 and Cash collected on March 2
1 to 3 Preparation of the journal entries to record sales
1. 1-Feb
Dr Accounts receivable 1,250
Cr Sales revenue 1,250
2 . 1-Feb
Dr Cost of goods sold 725
Cr Inventory 725
3. 9-Feb
Dr Sales revenue 312.50
Cr Accounts Receivable 312.50
(1/4*1,250)
4. Preparation of the journal entry to record goods return on February 9
9-Feb
Dr inventory 195
Cr Cost of goods sold 195
5. Preparation of the journal entry to record collected on March 2
2-Mar
Dr Cash 937.50
Cr Accounts receivable 937.50
(1,250-312.50)
B. Calculation for the gross profit percentage for sales to Sarah's Cycles
First step is to find the gross profit
Net sales 937.50
Less Cost of goods sold (530)
(725-195 )
Gross profit 407.50
Now let calculate the Gross profit percentage using this formula
Gross profit percentage = Gross profit/Sales
Let plug in the formula
Gross profit percentage=407.50/937.50
Gross profit percentage=0.4347*100
Gross profit percentage=43.47%
Anika, a division manager, is purchasing materials to ensure she has enough to meet customers' demands. Anika is engaging in the ________. A) planning function B) directing function C) controlling function D) decision function
Anika, a division manager, is purchasing materials to ensure she has enough to meet customers' demands. Anika is engaging in the directing function. Thus, the correct option is B.
What is Directing function?Directing function can be said to be a process in which the managers instruct, guide, and oversee the performance of all the workers of the organization to achieve predetermined goals. Directing function is said to be the heart of the management process in an organization. Planning, organizing, staffing have got no importance if the direction function does not take place properly.
There are four primary elements of the directing function which include supervising, motivating, leadership, and communication. The importance of Directing function include initiating actions, ensures co-ordination, improves efficiency, facilitates change and assists stability and growth.
Therefore, the correct option is B.
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Find the theoretical probability.
simplify completely.
8
1
1
7
2
1
p(multiple of 3) =
[?]
6
3
3
5
4
The theoretical probability of selecting a multiple of 3 from the given numbers is 1/3.
What is the simplified theoretical probability of selecting a multiple of 3?To calculate the theoretical probability, we need to determine the number of favorable outcomes (multiples of 3) and the total number of possible outcomes. Among the given numbers, the multiples of 3 are 3, 6, and 9. Therefore, there are three favorable outcomes. The total number of possible outcomes is six since there are six numbers in total. Thus, the simplified theoretical probability of selecting a multiple of 3 is 3/6, which simplifies to 1/2 or 0.5.
Theoretical probability represents the likelihood of an event occurring based on theoretical reasoning or mathematical calculations. It is determined by dividing the number of favorable outcomes by the total number of possible outcomes. In this case, there are three multiples of 3 out of a total of six numbers, resulting in a probability of 1/2 or 0.5.
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competitive price-taker markets and purely competitive markets are:
Answer:
While a competitive market determines the equilibrium point by staying in tune with the supply and demand curves, a perfectly competitive market does not have that luxury. A perfectly competitive market must accept the price point and must only decide how much to sell.
Explanation:
what action will a producer usually take when the price charged is higher than the equilibrium price
Ben Conway, Ida Chan, and Clair Scott formed CCS Consulting this year by making capital contributions of $256,000, $292,000, and $186,000, respectively. They anticipate annual profit of $440,400 and are considering the following alternative plans of sharing profits and losses:
Equally;
In the ratio of their initial investments; or
Salary allowances of $116,000 to Conway, $91,000 to Chan, and $66,000 to Scott and interest allowances of 15% on initial investments, with any remaining balance shared equally.
Required :
1. Use the schedule to show how a profit of $440,400 would be distributed under each of the alternative plans being considered. (Enter all amounts as positive values.)
2. Prepare a statement of changes in equity showing the allocation of profit to the partners, assuming they agree to use alternative (c) and the profit actually earned for the year ended December 31, 2020, is $440,400. During the year, Conway, Chan, and Scott withdraw $46,000, $36,000, and $26,000, respectively. (Enter all amounts as positive values.)
3. Prepare the December 31, 2020, journal entry to close Income Summary assuming they agree to use alternative (c) and the profit is $440,400. Also, close the withdrawals accounts.
1. The distribution of profit under each alternative plans being considered is as follows:Equal Investment ratioSalary Allowances and 15% on Initial Investments2. The statement of changes in equity showing the allocation of profit to the partners for the year ended December 31, 2020, is as follows:Statement of Changes in Equity3. The journal entry to close Income Summary and the withdrawals account for the year ended December 31, 2020, assuming they agree to use alternative (c) and the profit is $440,400 is as follows
1. The distribution of profit under each alternative plans being considered is as follows:Equal Investment ratioSalary Allowances and 15% on Initial Investments2. The statement of changes in equity showing the allocation of profit to the partners for the year ended December 31, 2020, is as follows:Statement of Changes in Equity3. The journal entry to close Income Summary and the withdrawals account for the year ended December 31, 2020, assuming they agree to use alternative (c) and the profit is $440,400 is as follows:Journal EntryExplanation:1. The profit distribution under each alternative plan has been calculated as follows:Equal: Each of the partners will get $146,800 ($440,400 / 3).Investment Ratio: Ben Conway will get $164,270 ($256,000 / $734,000 × $440,400), Ida Chan will get $188,880 ($292,000 / $734,000 × $440,400), and Clair Scott will get $87,250 ($186,000 / $734,000 × $440,400).Salary Allowances and 15% on Initial Investments: Conway's share will be calculated as follows:Salary allowance: $116,000Interest allowance: ($256,000 × 0.15) = $38,400Total: $154,400Chan's share will be calculated as follows:Salary allowance: $91,000Interest allowance: ($292,000 × 0.15) = $43,800Total: $134,800Scott's share will be calculated as follows:Salary allowance: $66,000Interest allowance: ($186,000 × 0.15) = $27,900Total: $93,900The remaining profit of $56,400 will be shared equally among the partners.2. The statement of changes in equity for the year ended December 31, 2020, assuming they agree to use alternative (c) and the profit actually earned for the year is $440,400 is as follows:Capital AccountsBen Conway: Beginning balance = $256,000, Additional investment = $0, Share of profit = $154,400, Withdrawal = $46,000Ending balance = $364,400Ida Chan: Beginning balance = $292,000, Additional investment = $0, Share of profit = $134,800, Withdrawal = $36,000Ending balance = $390,800Clair Scott: Beginning balance = $186,000, Additional investment = $0, Share of profit = $93,900, Withdrawal = $26,000Ending balance = $253,9003. The journal entry to close Income Summary and the withdrawals account for the year ended December 31, 2020, assuming they agree to use alternative (c) and the profit is $440,400 is as follows:Journal EntryThe Income Summary account has a credit balance of $440,400, which represents the net income for the year. The total amount of withdrawals made during the year is $108,000 ($46,000 + $36,000 + $26,000). Therefore, the Income Summary account will be debited for $548,400 ($440,400 + $108,000) to close it. The partners' capital accounts will be credited for their respective share of profit and debited for their withdrawals. The withdrawals account will be credited for the total amount of withdrawals made during the year.
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which of the following types of website types (as described in the abp-3 guidelines) best describes use of the eller website as a marketing hub to obtain contact information about new prospective students and potential donors?
Types of website are Utility websites, sales websites, authority websites, and websites that generate leads.
Which law highlights the issue that a project will advance in time if more individuals are added to it?The phrase "adding human resources to a late software project makes it later" was first used by Fred Brooks forty years ago and has now become known as Brooks' Law. Since then, empirical study has supported that theory.
What are the activities or tasks that, if called late, will cause a delay to the entire project?The critical path, in project management, is the lengthiest series of tasks that must be finished in order to finish a project. The key path tasks are known as critical activities because if they are postponed, the entire project's completion will also be postponed.
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Lead-generation Website best reflects the usage of the eller website as a marketing hub for obtaining contact information for new prospective students and benefactors.
What is a website and what are its applications?A website is a collection of publicly accessible, interconnected Web pages that use the same domain name. Individuals, groups, businesses, and organizations can construct and maintain websites for a variety of objectives. The World Wide Web is made up of all publicly accessible websites. Most websites' purposes can be divided into three categories: awareness, sales, and information. Websites can be used in a variety of ways, including as a personal website, a corporate website for a business, a government website, an organization website, and so on. Websites are typically dedicated to a specific topic or purpose and can be the work of an individual, a business, or another organization.
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Tracey decides to lease a car for two years. She puts $0 money down and pays $209.15 per month. At the end of the lease, Tracey can buy the car for $11 000. The selling price of the car today is $13 500. What is the total cost of the car if Tracey buys it at the end of the lease?
Answer:
$16,019.6
Explanation:
The amount of money Tracey puts down for the car = $0
The amount Tracey pays each month for the lease the car = $209.15
The number of years Tracey leases the car = 2 years
The amount at which Tracey can buy the car at the end of the lease, Pp = $11,000
The selling price of the car today = $13,500
The total amount Tracey pays while leasing the car for two years, L = $209.15/month × 2 years × 12 months/year = $5,019.6
The total cost of the car if Tracey buys it at the end of the lease, C = Pp + L
∴ C = $11,000 + $5,019.6 = $16,019.6
The total cost of the car if Tracey buys it at the end of the lease, C = $16,019.6.
what is the likely result of an organization failing to address all four dimensions of service management adequately
The likely result of an organization failing to address all four dimensions of service management adequately is decreased customer satisfaction, increased operational costs, and reduced productivity.
All four dimensions of service management are essential to ensuring the organization is delivering excellent customer service. These dimensions include operational excellence, cost control, customer service, and innovation.
Failing to address any one of these dimensions will create a weak link in the chain, leading to reduced customer satisfaction, increased operational costs, and decreased productivity.
To prevent these negative outcomes, organizations must ensure that all four dimensions are addressed and managed adequately.
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Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.
state ant Three activities that took place during the forming stage
Answer:
Each stage plays a vital part in building a high-functioning team. In 1965, a psychologist named Bruce Tuck-man said that teams go through 5 stages of development: forming, storming, norning, performing and adjourning.
Explanation:
If you have $21,000 in your FDIC insured bank account and your bank goes bankrupt, you will receive
A. $5,000
B.12,000
C.21,000
D.$42,000
E.Nothing
Felix works for an animal rescue. His boss showed him how to take an existing vaccination record, alter it with a new dog’s information, then send that to a new client; she does this so that the pets aren’t accidentally over vaccinated. Felix refuses to do this, and his boss says that’s fine, they’ll have another employee do it. Felix decides to quit and posts about the practice anonymously on a rescue blog. Was Felix behaving ethically?
Group of answer choices
No; professional conduct means following a boss’s orders, since they know more than the employee.
No; Felix was fine to quit, but it wasn’t his place to report the information on the blog.
Yes; Felix found out his boss was ordering the falsification of documents, and reporting it was the right thing to do.
No; since Felix would have been able to hold the job and let another employee perform the task, he was wrong to quit.
Answer:
found out his boss was ordering the selections of document and reporting it was the right thing to do
8. Based on current dividend yields and expected capital gains, the expected rates of return on portfolios A and B are 12% and 16%, respectively. The beta of A is 0.7, while that of Bis 1.4. The T-bill rate is currently 5%, whereas the expected rate of return of the S&P 500 index is 13%. The standard deviation of portfolio A is 12% annually, that of B is 31%, and that of the S&P 500 index is 18%. (LO 18-2)
a. If you currently hold a market-index portfolio, would you choose to add either of these portfolios to your holdings? Explain.
b. If instead you could invest only in T-bills and one of these portfolios, which would you choose?
a. If you currently hold a market index portfolio, you should choose to add portfolio B to your holdings rather than portfolio A because the expected rate of return on portfolio B is 16%, which is higher than the expected rate of return on portfolio A, which is 12%.
Since beta measures a portfolio's systematic risk or volatility compared to the market portfolio, a higher beta indicates higher systematic risk or volatility. Since Portfolio B has a higher beta (1.4) than Portfolio A (0.7), this is consistent with Portfolio B being more volatile than Portfolio A.
However, portfolio B's higher expected return of 16% may be adequate to compensate for this additional risk. As a result, portfolio B provides a higher rate of return with a higher degree of risk.
b. If you can only invest in T-bills and one of these portfolios, you should choose portfolio A because it has a lower standard deviation of 12% compared to portfolio B's 31%, which makes it less volatile and more stable.
The expected rate of return on portfolio A is 12%, which is greater than the T-bill rate of 5%. As a result, portfolio A has a higher expected return, but it also has lower risk and volatility, making it a safer and more stable choice than Portfolio B.
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A private limited company failed. It owed £60,000 in debt. Simon had
£10,000 invested in the company and he had personal assets worth
£100,000. How much could he lose because the company failed? Use
whole numbers only. No pound signs or commas.
Answer:
£10,000
Explanation:
Simon is a shareholder in a private limited company. As a shareholder, he enjoys limited liabilities to the debts of the company. Limited liabilities means that his obligations to the debts of the business are limited to the amount of capital invested. Should the company fail in meeting its obligations, Simon's liabilities to the company will be a maximum of $10,000, which is the amount he invested.
The limited liabilities feature protects shareholders and investors in private limited companies and corporations from losing more than their contributed capital in case a business fails. Simon's personal assets of $100,000 will not feature in any way.
PLEASE HELP ME
Task 1: Careers and Educational
Requirements
Task points: [20]
conducting online research and choosing
a career related to personal finance-
[10]
identifying the educational qualifications
required to pursue the chosen career-
[10]
Task 2: Certification Requirements
• identifying the certifications required to
pursue the chosen career
Task points: [40]
[20]
[20]
e
Task points: [40]
• developing strategies to prepare for
getting these certifications
Task 3: Information Technology and
Interpersonal Skills
identifying information technology skills
required for the chosen career
[20]
identifying interpersonal skills required for
the chosen career
[20]
e
.
Answer:
For which career would these qualifications be most applicable?
ability to work alone and stay focused on a task
accuracy and precision in recording information
computer and technology skills
typically have significant post-secondary education
patience and persistence for repetitive tasks
Psychiatry
Nursing
Research
Dentistry
Explanation:
in the variable cost-plus approach, the mark-up percentage covers the a. desired roi only. b. desired roi and fixed costs. c. desired roi and selling and administrative expenses. d. fixed costs only.
In the variable cost-plus approach, the mark-up percentage covers the desired return on investment (ROI) and selling and administrative expenses. The correct option is C.
This pricing strategy is commonly used by businesses as it helps them determine the appropriate selling price for their products or services.
In this approach, variable costs, which are costs that change with the level of production, are added to the mark-up percentage that covers both the desired ROI and selling and administrative expenses. The desired ROI is the profit that a business aims to achieve from its investment, while selling and administrative expenses include costs associated with promoting, selling, and managing the products or services.
By incorporating both the desired ROI and selling and administrative expenses in the mark-up percentage, the variable cost-plus approach ensures that the final selling price not only covers the production costs but also allows the business to achieve its desired profit and cover essential expenses. This pricing strategy is helpful for businesses as it supports their financial goals and contributes to their overall sustainability. Hence, c is the correct option.
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Tim is 16 years old,a high school student, and lives with hi parents.He earned $5,200 and his part-time job. Select the best possible answer.(Only 1 answer)
Answer:
the second one
Explanation:
prettyu sure,
only can claim is tim parents and he has no other choice but to return the file tax return
Current tax laws allow Tim's parents to claim Tim as a dependent; Tim has the option to file a tax return
According to the IRS, Tim can be claimed as a dependent by his parents because:
He is their son He is a student who is younger than 23 He lives with his parentsHe also has the option but not the obligation to file a tax return because his gross income is less than $12,200 as a dependent.
In conclusion, Tim can be claimed as a dependent by his parents but he does not have to file a tax return.
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Suppose that monetary neutrality and the fisher effect both hold. An increase in the money supply growth rate increases.
Any increase in the money supply growth rate will increase the inflation rate and nominal interest rates if the monetary neutrality and the fisher effect both on hold.
What is monetary neutrality?The theory holds that the changes in the money supply only affect the general prices, but not overall economic productivity.
What is the fisher effect?The effect explains the relationship between inflation and real & nominal interest rates.
In conclusion, if the monetary neutrality and the fisher effect both hold, then, any increase in the money supply growth rate will increase the inflation rate and nominal interest rates
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What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.
Answer:
I think D is correct answer
The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
The information related to the profit is as follows:
It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.Therefore all the other options are incorrect.
Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
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For each example, identify the most appropriate CTSO. Marilyn is a middle-school student who wants to prepare for a career in farming: Janice is a high-school student who wants to start her own business: Abe is a high-school student who wants to become an information technology worker: Rene wants to teach middle-school classes:
BDCA For each example,the most appropriate CTSO. Marilyn is a middle-school student who wants to prepare for a career in farming: Janice is a high-school student who wants to start her own business:
Abe is a high-school student who wants to become an information technology worker: Rene wants to teach middle-school classes: BDCA Computers are used in information technology (IT) to generate, process, store, retrieve, and share many types of data and information[1]. Information and communications technology includes IT (ICT). [2] An information technology system (IT system) is often an information system, a communications system, or, more particularly, a computer system, complete with all peripheral devices, software, and hardware, that is used by a small number of IT users.
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Antonio, a 45-year-old, has been charged with fraud for conning an elderly couple into giving him their atm card. a judge listens to the evidence against him and decides that antonio should be charged. antonio’s lawyer points out that he has never been a violent person. he concedes that the charge against antonio is serious but promises that if set free until trial, he will return to face the charges. given his history and the crime, what will the judge most likely do to antonio at this stage? he will release antonio on his own recognizance. he will release antonio into the custody of his wife he will set bail for antonio at $3000 he will detain antonio in jail until the trial date
If Antonio, a 45-year-old, has been charged with fraud for conning an elderly couple into giving him their atm card. The judge will likely: C. He will set bail for Antonio at $3000.
Fraud can be defined as the act of deceiving someone due to the benefit that a person what to derived or due to the selfish interest of the person who defraud another person. A fraudulent act is a criminal act in the court of law.
Based on the given scenario since the judge listens to the evidence against Antonio and decides that he should be charged , based on the history and crime of Antonio what the judge is likely to do is to set bail for Antonio at the amount of $3,000.
Therefore we can conclude that the correct option is C.
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