A law firm hires a now associate and (initinlly) puts her in charge of filing paperwork. It is common knowledge that the associate is talented with probability 0.6 and not talented with probability 0.4, and the arsociate observes her type directly. Filing paperwork for t hours per day costa the associnte t if she is talented and 2t if ahe in not. The firm observes t and then makes the decision to either make her partner or fire her ("up or out"). The payoff for the nssociate of being fired in zero minus the cont of paperwork, and the payoff of being made partner is 10 minus the cost of paperwork. The payoff for the furm does not depend on the paperwork; it is 0 for firing her in any event, 5 for making a talented lawyer a partner, and −20 for making her partner if she in not she puts in thours of work per day. a. Describe the unique outcome (t, partner or firo) of all pooling PBE for this game. along with the belief on the equilibrium path. Then describe more generally what the beliefs have to be off the equilibrium path. b. In any separating PBE, if the associate isn't talented, how many hourg of paperwork: t does she do per day? c. What are the range of possible values for t for the talented associate that can be supported in a separating PBE? d. Find the unique PBE that survives the intuitive criterion (equilibrium dominance). Is it separating or pooling?

Answers

Answer 1

a. The unique outcome (t, partner or fire) for all pooling PBE of the game is that the law firm hires the associate and puts her in charge of filing paperwork.

The associate observes her talent type directly. Then the firm observes t and decides to either fire her or make her partner. The beliefs on the equilibrium path are that if the associate is talented, she would do a lot of paperwork, and if she isn't, she would do less. The beliefs off the equilibrium path have to be that if the associate is talented and does a little paperwork, the firm would think that she is not talented, and if she isn't talented and does a lot of paperwork, the firm would think that she is talented.

b. In any separating PBE, if the associate isn't talented, she would do 0 hours of paperwork per day.

c. The range of possible values for t for the talented associate that can be supported in a separating PBE is 1 ≤ t ≤ 2.

d.The unique PBE that survives the intuitive criterion is the separating PBE. It is the unique equilibrium in which the associate who is not talented is fired and the talented one is promoted to partner.

In this PBE, the talented associate does 2 hours of paperwork per day.

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Related Questions

TRUE OR FALSE for most people, membership in the underclass is temporary often lasting a few months.

Answers

False.

Membership in the underclass can be long-lasting or even permanent for some individuals. The underclass is a term used to describe a group of people who are typically unemployed or underemployed, live in poverty, and have limited access to education and social services. Many individuals in the underclass face systemic barriers that prevent them from achieving upward mobility, such as discrimination, lack of access to quality education, and limited job opportunities. For some, membership in the underclass may be temporary, but for others, it can be a long-term or even a permanent condition.

this statement most appropriately describes startup biotech companies: a.Always succeedb.Always failc.Are riskyd.Do not perform R&De.Never run out of cash

Answers

The most appropriate statement to describe startup biotech companies would be "c. Are risky."

While there are cases where startup biotech companies succeed, it is not always the case. These companies require significant investment and carry a high level of risk due to the uncertainty of success in developing new drugs or therapies. Additionally, performing research and development is crucial to the success of these companies, but it can also be costly and time-consuming.

Running out of cash is a common problem for many startup biotech companies, as they often require large amounts of funding to continue operating and conducting research. Therefore, it is important for investors to carefully consider the risks associated with investing in startup biotech companies before making a decision.

Option c is correct answer.

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what is the percent atom economy for the bromination of stilbene?

Answers

The percent atom economy represents the efficiency of a chemical reaction in utilizing atoms to form the desired product while minimizing waste.

In the case of the bromination of stilbene, the reaction involves the addition of bromine to the double bond of the stilbene molecule to form 1,2-dibromo-1,2-diphenylethane. To calculate the percent atom economy, we compare the total mass of atoms in the desired product (1,2-dibromo-1,2-diphenylethane) to the total mass of atoms in all the reactants. Stilbene consists of 14 carbon atoms and 12 hydrogen atoms, while bromine is a diatomic molecule (Br2). In the product, there are two carbon atoms, two hydrogen atoms, and two bromine atoms.

By comparing the total mass of atoms in the product to the total mass of atoms in the reactants, we find that the percent atom economy for the bromination of stilbene is 66.7% (6 atoms in the product divided by 9 atoms in the reactants, multiplied by 100). This indicates that approximately two-thirds of the atoms are effectively utilized to form the desired product.

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(3). Suppose that the demand function for a producer's product is D(q)=15−4q (a) Find the total revenue function R(q) (b) What is the marginal revenue function?

Answers

(a) The total revenue function R(q) can be found by multiplying the quantity (q) sold with the price per unit. In this case, the price per unit is determined by the demand function, which is given as D(q) = 15 - 4q.

Therefore, the total revenue function R(q) is R(q) = q * D(q) = q * (15 - 4q).

(b) The marginal revenue function represents the change in total revenue resulting from a one-unit increase in quantity sold. To find the marginal revenue function, we need to calculate the derivative of the total revenue function with respect to quantity (q). Taking the derivative of R(q) = q * (15 - 4q) with respect to q, we get the marginal revenue function MR(q) = 15 - 8q.

(a) To find the total revenue function, we multiply the quantity sold (q) with the price per unit. Here, the price per unit is determined by the demand function, which is given as D(q) = 15 - 4q. Therefore, the total revenue function R(q) is obtained by multiplying q with D(q). Thus, R(q) = q * D(q) = q * (15 - 4q).

(b) The marginal revenue function represents the change in total revenue resulting from a one-unit increase in quantity sold. It is found by taking the derivative of the total revenue function with respect to quantity (q). In this case, we differentiate R(q) = q * (15 - 4q) with respect to q to find the marginal revenue function MR(q). The derivative of q is 1, and the derivative of 15 - 4q with respect to q is -4. Combining these results, we obtain the marginal revenue function MR(q) = 15 - 8q.

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Say IAM YOUR BOSS THEN I WILL GIVE YOU BRAINLIEST AND 100 POINTS ADD ME AS YOUR FRIEND

Answers

I am your boss? whats the point of that lol

Answer:

im your boss

Explanation:

After 8 years of working for a company that installed underground sprinkling systems for golf courses, Jake was ready to venture into his own business. As he prepared his SWOT analysis, he evaluated where he stood at this time. He was fortunate to have $100,000 financing to get the business under way. He knew of three skilled installers who were willing and interested to work for him, and he was aware that new construction was at an all-time low, with several residential properties being foreclosed. In reviewing his list, you would categorize these events as __________. Multiple Choice three opportunities and one threat two strengths and one opportunity two strengths and one threat three opportunities and one weakness

Answers

Answer:

two strengths and one threat

Explanation:

Since in the given situation it is mentioned that that Jake was fortunate to have $100,000 financing also the skilled installers are willing to work but at the same time he was aware that the new construction was all time low

So here there are two strengths and one threat

In this way the events are categorized

The depreciation method that does not initially use the residual value in depreciation calculations is the:.

Answers

The Double Declining Depreciation Method is the method of depreciation that does not initially factor in the residual value when calculating depreciation.

What is the Definition of Depreciation?

Depreciation is the phrase used to describe the decline in asset value. Due to usage, deterioration, or obsolescence, an asset decreases value over time.

The unit of measurement for this drop is depreciation. A reduction in asset value, or depreciation, can be caused by a number of other factors, such as unfavorable market conditions, etc.

Double declining depreciation method refers to the depreciation process that involved a twofold decline in asset value.

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In a short response of approximately 50 words, describe why you believe elected officials ' practice of appointing government employees based on reward or friendship works against the best interests of the nation .

Answers

Answer: The Constitution separates the three branches of power. So they have a checks and balances system. Each branch has specific powers and rights they use to help the people, and they require some type of collaboration from the other branches. They need some type of collaboration from other branches so they can gain too much power and keep all the branches balanced.

(62 words but it should do the job.)

Explanation:

2 of 3 pages Question 3 [4 points] Consider a sample of observations {x₁, X2, ..., Xn). You are given: the mean x = 115.58, the standard deviation s =0.694, and Σ=1 X₁ = 577.9. Calculate 1x, if i

Answers

To calculate 1x, we need to determine the value of x₁, which is the sum of all observations. Given x = 115.58, s = 0.694, and ΣX₁ = 577.9, we can find 1x as the product of the mean and the total number of observations.

In this problem, we are given the mean x = 115.58, the standard deviation s = 0.694, and the sum of the observations ΣX₁ = 577.9. To calculate 1x, we need to determine the value of x₁, which represents the sum of all observations. The sum of the observations ΣX₁ is calculated by multiplying the mean x with the total number of observations, denoted as n. Therefore, we can write the equation as follows: ΣX₁ = x * n Rearranging the equation, we get: n = ΣX₁ / x Substituting the given values, we have: n = 577.9 / 115.58 ≈ 5 Now that we know the total number of observations is approximately 5, we can calculate 1x by multiplying the mean x with n: 1x = x * n = 115.58 * 5 = 577.9 Hence, the value of 1x is 577.9.

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What is a business opportunity?

Answers

Answer:

a packaged business investment that allows the buyer to begin a business.

Explanation:

"If an initial public offering of a security is going to be sold only in one State, the registration procedure to be used is Registration by:"

Answers

Answer:

Qualification

Explanation:

Perhaps if one Government can sell an equity investment to public of a security, the members were assigned that should be used shall be Authentication registered by qualification process.

which one of the following is not one of the data types that are relevant to the purchasing process?

Answers

However, in a general sense, the following are data types that are relevant to the purchasing process:Product data: This includes information such as product descriptions, specifications, pricing, and availability.

Supplier data: This includes information about the suppliers, such as their contact details, terms and conditions, and delivery schedules.Purchase order data: This includes information about the purchase orders, such as the items ordered, quantities, delivery dates, and payment terms.Invoice data: This includes information about the invoices received from the suppliers, such as the amount due, payment terms, and any discounts or penalties.Therefore, it is difficult to identify which data type is not relevant to the purchasing process without knowing the context and the specific data types being referred to.

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Which of the following accounts would not
use T-Accounts?
A. Shareholder's Capital
B. Cash
C. Dividends Payable
D. None of the Above

Answers

The answer will have to be C
Answer:

I believe the answer is c.

Explanation:

I did some research

An example of an intangible resource, or one that is difficult to place a monetary value on, is
human labor.
capital.
extinct species.
satisfaction.
solar energy.

Answers

An example of an intangible resource, or one that is difficult to place a monetary value on, is: extinct species.

While human labor, capital, satisfaction, and solar energy can be quantified and assigned a monetary value, extinct species are considered intangible resources. Extinct species have ecological, aesthetic, and scientific value, but their worth is challenging to measure in monetary terms. The loss of biodiversity and unique genetic information due to the extinction of species can have profound impacts on ecosystems and the overall functioning of the planet. Although efforts are made to assess their value through methods like ecosystem services valuation, the true worth of extinct species remains elusive and difficult to quantify accurately.

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Publishers and printing companies are both involved with books, magazines, and newspapers. One type of company is
considered part of the manufacturing section, because it produces the physical product: books, magazines,
newspapers, and so on. What sector does publishing belong to, since it does not produce a tangible product (until
printing transforms it into one)?
O primary, because it makes original content
secondary, because it transforms ideas into physical objects
tertiary, because it provides a service
quaternary, because it involves research

Publishers and printing companies are both involved with books, magazines, and newspapers. One type of

Answers

Answer:

quaternary, because it involves research

Explanation:

Interdependence among individuals and interdependence among nations are both based on the gains from trade. True or false?.

Answers

It is true that two countries can benefit from trade even if one of them has a clear advantage in producing all goods. Each nation only needs to have a comparative advantage in one particular good.

When producing a specific good, agents in an economic model have a comparative advantage over rivals if they can do so at a lower relative opportunity cost or autarky price, that is, at a lower relative marginal cost before trade.

Your greatest skill and least amount of sacrifice are your comparative advantages. If you are a great babysitter and a great plumber, for instance, your comparative advantage is plumbing.

Developed by British economist David Ricardo in the 19th century, comparative advantage is an economic theory that links differences in relative opportunity costs, or the price paid for producing a given good, across nations, to the causes and benefits of international trade.

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Calculate value of a perpetuity with even annual cash flows of $24,000 with 5% discount rate.

Answers

The value of the perpetuity is $480,000.

A perpetuity is a financial instrument that makes regular payments of a fixed amount indefinitely. In other words, it is an investment that generates a constant stream of income for an infinite period of time. The value of a perpetuity can be calculated using the formula PV = C/r, where PV is the present value of the perpetuity, C is the annual cash flow, and r is the discount rate. In this case, the value of the perpetuity with even annual cash flows of $24,000 and a discount rate of 5% can be calculated as follows: PV = C/r PV = $24,000/0.05 PV = $480,000. This means that if you invest $480,000 today at a 5% discount rate, you will receive an annual cash flow of $24,000 indefinitely. It is important to note that the value of the perpetuity is sensitive to changes in the discount rate. If the discount rate were to increase, the present value of the perpetuity would decrease, and vice versa.

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[Quality of Services Marketing]
1. Which of the following is an example of a B2B internet service? [Answer: Tech Support]
2. Many companies have sophisticated tracking software [Answer: Critical incident technique]
3. Which of the following is not a characteristic of a service? [Answer: Reliability]
4. What is the encounter between service-consumer that occurs during delivery of the service is known as? [Answer: Experince qualities]
5. Your local credit union offers a variety of services to its members [Answer: Fresh-baked cookies and gourmet cookies]
6. The measure of the difference between a customer's expectation [Answer: Gap analysis]
7. Shepherd University is launching new services to attract more students [Answer: Bachelor's degrees]
8. A large store that sells groceries also has a large pharmaceuticals section with a 24-hour pharmacy. [Answer: Offering free coffee tastings]
9. John always takes his car to the same place for an oil change. [Answer: Augmented]
10. Which of the following is not a service of quality attribute? [Answer: Response qualities]
- You can thank me by thanking my previous answers, would be very appreciated -

Answers

All of your answers are correct.

The questions given and their appropriate responses can be seen below:

1. Tech Support is an example of a B2B internet service.

2. Many companies have sophisticated tracking software - Critical incident technique.

3. Reliability is not a characteristic of a service.

4.  Experience qualities is the encounter between service-consumer that occurs during delivery of the service

5. Your local credit union offers a variety of services to its members such as Fresh-baked cookies and gourmet cookies.

6. Gap analysis is the measure of the difference between a customer's expectation.

7. Shepherd University is launching new services such as Bachelor's degrees to attract more students.

8. Offering free coffee tastings is a large store that sells groceries also has a large pharmaceuticals section with a 24-hour pharmacy.

9. John always takes his car to the same place for an oil change - Augmented

10. Response qualities is not a service of quality attribute.

What is Service marketing?

This is defined as  the marketing that businesses that provide a service to their customers use to increase brand awareness and sales.

The answers to the questions given  can be seen appropriately given above.

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Which recommendation would be most suitable for a 40-year old client whose main objective is retirement income and preservation of capital?

Answers

Answer:

Fixed deferred annuity

Explanation:

Fixed deferred annuity is a form of saving investment where interest is paid on the invested amount at a rate set by the investment company and defined in the contract , and the interest can be deferred into the future till a withdrawal is made from the annuity contract.

Taxes are not paid but deferred until withdrawal which allows the opportunity to  control when to pay taxes , a good investment sense for long term investment.

This makes it a good investment for a risk adverse investor who will not require investment income until later years but its main goal is retirement income and preservation of capital.

A promissory note: Multiple Choice Is a short-term investment for the maker. Is a written promise to pay a specified amount, usually with interest, either on demand or at a stated future date. Is a liability to the payee. Is created when a company sells its receivables to a finance company or bank. Cannot be used in payment of an account receivable

Answers

A promissory note is a written promise to pay a specified amount, usually with interest, either on demand or at a stated future date.

What is a promissory note?

A promissory note is a debt instrument used by the note issuer to promise payment to the payee. The amount promised is ususally a definite amount of money and the date is usally specified. A promissory note is also known as notes payable.

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Which emotion is an employee most likely to communicate to a customer on the telephone if the employee begins to talk more quickly and loudly in response to the customer's questions? o encouragement O satisfaction O impatience O clarity ​

Answers

Answer:

Impatience

Explanation:

The employee speaking faster is telling the customer that they are in a hurry.

if the employee begins to talk more quickly and loudly in response to the customer's questions It will make customer feel impatience . Hence option C is correct .

What is Impatience talk ?

It is impatience because this feeling exhibits signs like speaking loudly and fast to convey that your message is obvious but also that you are weary of discussing anything at the same time.

When someone is impatient, they lose patience and start speaking quickly to finish anything they first feel they have repeated or that they just don't want to say.

How to talk with your Customer ?

You must always keep a professional attitude and manner when dealing with clients. Not just what you say, but also how you say it and how you carry yourself are part of this. Without the appropriate subtlety and business etiquette, communicating with a client could result in your firm losing business. discovering

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What is location analysis

Answers

Answer:

Location analysis is a technique for discovering, assessing and specifying the optimal placement of an organization's people, information, activities, and materials.Location models are key in performing location analysis by providing a well-documented common vision of current and desired location arrangements.

your choice in parts a and b should be the same in both scenarios. but some people may ignore costs and focus on the percentage saved because change how people view the decision.

Answers

The answers to the above scenarios are given as follows;

You should make the trip to the other branch if

 a) your cost of making the trip is less than $5;

You should make the trip to the other branch if:

 b) your cost of making the trip is less than $5.

Your choice in parts a and b should be the same in both scenarios. but some people may ignore costs and focus on the percentage saved because framing costs can how people view the decision.


What is cost?

Costs are the monetary worth of expenditures for supplies, services, labor, goods, equipment, and other commodities acquired for use by a business or other accounting organization.

It is the amount designated on invoices as the price and reflected in bookkeeping records as an expenditure or asset cost basis.

In this case, cost is examined as the key driver for consumption decisions.

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Full Question:

Use the cost-benefit principle to evaluate the following:

1) You are about to buy a calculator for $10, and the sales-person tells you that the model you want to buy is on sale for $5 at the store's other branch, which is a 20 minute drive away.

You should make the trip to the other branch if?

 a) your cost of making the trip is less than $5

 b) your cost if making the trip is more than $5

2)You are about to buy a laptop for $1,000 and the sales-person tells you that the model you want to buy is on sale for $995 at the store's other branch, which is a 20 minute drive away.

You should make the trip to the other branch if:

 a) your cost of making the trip is more than $5

 b) your cost of making the trip is less than $5

3) Your choice in parts a and b should be the same in both scenarios. but some people may ignore costs and focus on the percentage saved because ______change how people view the decision.

Complete the statement using the correct term. ______ computing uses the storage of an independent server to give members access to the information from any device with Internet access.​

Answers

Answer:

Hi!!

network computing uses the storage of an independent server to give members access to the information from any device with Internet access.

Answer:

network

Explanation:

Explain what it means to diversify across investments ?

Answers

Answer:

true

Explanation:

diversification isna technique that reduces risk by allocating investment across various financial instrument across various fiancial instrument industries and other categories . it aims to maximize returns by investing in different areas that would each react differently to the same event

Labor costs that are clearly associated with specific units or batches of product because the labor is used to convert raw materials into finished products are called: Select one: a. Indirect labor. b. Direct labor. c. Product labor. d. Finished labor. e. None of the above.

Answers

The costs that are clearly associated with specific units or batches of product is called: Direct labor.

What is direct labor?

Direct labor are wages and salaries paid to workers whose work can be traced directly to specific products or services. They are wages incurred in order to produce goods or provide services to customers.

Example of direct labor include:

AssemblersWeldersPainters

Hence, labor costs that are clearly associated with specific units or batches of product because the labor is used to convert raw materials into finished products are called direct labor.

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In 5 years, only 2.2% of the current internet businesses will still be operating. Use the exponential model F = Foert to determine the annual rate of internet business failures. Write your answer in c

Answers

The annual rate of internet business failures is approximately 27.8%.

According to the given information, in 5 years, only 2.2% of the current internet businesses will still be operating. This means that the survival rate of businesses after 5 years is 2.2%, and the failure rate is 100% - 2.2% = 97.8%. To determine the annual rate of failures, we can use the exponential decay model F = Foert, where F is the final value (2.2%), Fo is the initial value (100%), r is the annual rate, and t is the time in years. Substituting the given values into the formula, we have 2.2% = 100%e^(r*5). Simplifying the equation, we get e^(r*5) = 2.2%/100%. Taking the natural logarithm of both sides, we have r*5 = ln(2.2%/100%). Dividing both sides by 5, we get r = ln(2.2%/100%)/5 ≈ 0.278. Therefore, the annual rate of internet business failures is approximately 27.8%.

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can someone help me? got till the end of the day :/

can someone help me? got till the end of the day :/

Answers

Answer:

A

Explanation:

Pompeii, Inc., has sales of $53,000, costs of $24,200, depreciation expense of $2,550, and interest expense of $2,300. If the tax rate is 24 percent, what is the operating cash flow, or OCF

Answers

Answer:

$23,052

Explanation:

The computation of operating cash flow is shown below:-

Before that we have to determine the net income which is

Income statement

Sales $53,000

Cost ($24,200)

Depreciation ($2,550)

EBIT $26,250

Interest expense ($2,300)

Earnings before tax $23,950

Tax (5,748)

(24% × $23,950)

Net income $18,202

Now,

Operating cash flow = EBIT + Depreciation - Tax

= $26,250 + 2,550 - $5,748

= $23,052

How did Ray conduct marketing-information management?

Answers

He saw emma n norman act weird and he found out they knew
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Question content area a corporation was organized on january 1 of the current year, with an authorization of 20,000 shares of 4%, $12 par preferred stock, and 100,000 shares of $3 par common stock. The following selected transactions were completed during the first year of operations: date transaction january 3 issued 15,000 shares of common stock at $23 per share for cash. January 31 issued 200 shares of common stock to an attorney in payment of legal fees for organizing the corporation. The value of the stock at the time of payment was $25 per share. February 24 issued 20,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $65,000, $120,000, and $45,000 respectively. March 15 issued 2,000 shares of preferred stock at $56 for cash. Journalize the transactions. If an amount box does not require an entry, leave it blank helpp me plsssssssssssssssssssssssssssssss Which term is used to describe persistent hypotension despite adequate fluid resuscitation requiring vasopressors along with inadequate tissue perfusion resulting in tissue hypoxia Benjamin Franklin was born in Milk Street, Boston, on January 6, 1706. His father, Josiah Franklin, was a tallow chandler [candle maker] who married twice, and of his seventeen children Benjamin was the youngest son. His schooling ended at ten, and at twelve he was bound apprentice to his brother James, a printer, who published the New England Courant. To this journal he became a contributor, and later was for a time its nominal editor. But the brothers quarreled, and Benjamin ran away, going first to New York, and thence to Philadelphia, where he arrived in October, 1723.Which is the best summary of this excerpt?Benjamin Franklin was born in 1706. He went to Philadelphia in 1723 after a fight with his brother.Benjamin Franklin, born in Boston in 1706, was the youngest of his fathers seventeen children. He stopped going to school at age ten, and soon after started apprenticing for his brother James, a printer, who published the New England Courant. Franklin became a writer and editor for the paper, but left Boston for Philadelphia in 1723 after an argument with James.Benjamin Franklin, born in 1706, lived in Boston, New York, and Philadelphia in his early life.Benjamin Franklin was born in Boston in 1706. He was the youngest of his fathers seventeen children. His father, Josiah, was a candle maker. Franklins schooling ended at age ten, and at age twelve, he started apprenticing for his brother James, who published the New England Courant. After apprenticing, Franklin started contributing to the paper. Later, he became an editor. Air rising from the surface at the ITCZ piles up to form relatively high pressure in the upper troposphere where air diverges to the north and south. Once this air has had its moisture removed as rainfall and cools down, it sinks as the other side of the Hadley Cell from the ITCZ. Required:At about what latitude does it sink back to the surface to form a high pressure/divergent zone and what sort of biome do you often find at this latitude? long-run economic growth can be sustainable as long as technology is effective at finding alternatives to limited natural resources.