Answer the following questions: - 1. Which of the following are macroeconomic topics/issues and which are microeconomic ones? Explain why? (a) The price of music downloads. (b) The rate of unemployment. (c) The average wage rate paid to IT technicians. (d) The amount saved last year by Egyption households. 2. A country is capable of producing the following combinations of books and CDs per period of time, assuming that it makes full use of its resources of land, labour and capital. a) Draw the production possibility curve for this country in the graph below and explain in details what does it represent? b) Is it possible for this country to produce the following combinations of books and CDs? Why? Explain your answer for each. (i) 10 books and 15CDs. (ii) 30 books and 40CDs. c) What is the opportunity cost (in terms of CDs) of producing 20 extra units of books when this country is initially producing 10 books. Explain your answer. 3. Draw and explain a production possibilities frontier (curve) for an economy that produces milk and bread. What happens to this frontier if diseases kills half of the economy's cows? Explain in details. 4. Make a list of two things you did yesterday. What was the opportunity cost of each? Explain in details. 5. Suppose your grandmother gave you $300 for your birthday. You have a choice between spending the money now or putting it away for a year in a bank saving account that pays 4 percent interest (profit). What is the opportunity cost of spending the $300 now? Explain. 6. Explain how do people make decisions rationally. 7. What might be an incentive for you to take a class in summer school? List some of the benefits and costs involved in your decision. Would your choice be rational? 8. With the understanding that people respond to incentives, outline the possible outcome for teachers if the K−12 school year is extended to 11 months per year instead of the existing 9 months per year. Explain 9. Suppose you are managing your company that has already invested $5 thousands in developing a new product, but the development is not quite finished. The sales manager report to you that the introduction of competing products has reduced the expected sales of your new product to $3 thousand. If it would cost $1 thousand to finish development and make the product, should you go ahead and do so? Explain based on your understanding economics. 10. Explain what is meant by market failure? Explain two of the main causes of market failure and give an example of each? Remember to write your own answers.

$548.47 is need to invest today in order to reach your savings goal.

The sum needed to launch a project or firm is known as the initial investment. It is often referred to as initial outlay or just initial. It is equal to capital expenditures, working capital needs, and after-tax revenues from assets sold or put to other uses.

The upfront costs or initial cash outlay associated with beginning a new project or buying an asset are represented by initial cash flow. Salvage profits from failed initiatives may be taken into account in some projects by subtracting those earnings from the starting cash flow total.

The worth of an anticipated income stream as of the valuation date is known as the present value, sometimes known as the present discounted value. The value of a sum of money today is known as its present value. For instance, if you are promised $110 in a year, the present value is what that $110 is currently worth.

To calculate the initial investment, we need to use the following formula:

\(PV= FV/(1+i)^n\)

PV= present value

FV= future value

n= number of years

i= interest rate

\(PV= 700/(1.05^5)\)

PV= $548.47

Hence, $548.47 is need to invest today in order to reach your savings goal.

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Answer:

a

Explanation:

Property risk is an example of a pure risk.

Pure risks are risks in which loss is the only possible outcome. It could be full loss or partial loss. Other examples of pure risks are personal and liability risks

Property risk is the risk that a person or company's property would be damaged or lost.

For example, if a building is set on fire or if a car is stolen

Answer:

what am i supposed to do

Explanation:

Answer: command economy

Explanation:

just took test

The government has the most influence over the production of goods and

services in the Command economy system. Hence, option B is appropriate.

An economy is a region where products and services are produced, distributed, traded, and consumed. It is generally understood to be a social domain that emphasizes the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources.

Whether an entity is a country or a small town, an economy includes all of the activities connected to the production, consumption, and trade of products and services in that entity. Every economy is different. Each is shaped by the resources, laws, cultures, histories, and geographies that are unique to it.

The system that determines how limited resources are used to produce and consume goods and services is known as an economy. Resources include the likes of land and people.

Hence, option B is correct.

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Answer: B

Explanation: Nora, I believe, wants to engage in business experiential learning because she would not pass up a paying opportunity for no reason. Furthermore, the benefits of unpaid internships, such as beginning to build your professional network, developing skills, and receiving valuable feedback from professionals, can help predict whether she will enjoy her future profession and help her in a variety of ways.

In my perspective, Nora desires to take part in the business experiential education.

A person is conducting business when they create goods or offer services with the goal of making a profit. Business Definition. A enterprise is a creative organization or team that partakes in professions. They might be professional, corporate, or any other type else.

An economic institution known as a business produces and/or distributes goods and services with the goal of making money and accumulating wealth. Whatever the type of business entity, such as a sole proprietorship, a Hindu undivided household, or a limited partnership.

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The amount I would need to earn per hour in five years to keep up with inflation is $26.66.

Inflation is when the price levels in a country increase. Inflation reduces the purchasing power of income. This means that in 5 years, $23 would buy less goods than it can now.

The earnings that should be earned in 5 years to keep up with inflation is a function of the amount that is earned now and the inflation rate.

Earnings in 5 years = present earnings x (1 + inflation rate)^number of years

Earnings in 5 years = $23 x (1 + 0.03)^5

Earnings in 5 years = $23 x 1.03^5 = $26.66

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Answer:

insurance is important in that it helps you indemnity the losses occured after the risk occurrence

Explanation:

insurance ensures that you are covered from all period and hazards

1. What is the relationship between insurance and successful financial management? Why is insurance important?

2. Consider your home and possessions. What types of risks do you face? What insurance would you recommend to someone in a similar location?

3. What are personal, property, and liability risks? What are examples of personal, property, and liability risk?

4. Why is estate planning important?

5. What is the principle of indemnity? Why is this principle important?

Answer:

c) 30

Explanation:

One online lesson takes 20 mins.

There are 90 lessons.

The total time required to complete the 90 lessons will be

=20Mins x 90 lessons

=1800 mins

In hours = 1800/60

=30 hrs

Note that:

1) Research is the systematic investigation and study of a particular subject or problem in order to discover new information.

2) We should  research in order to gain new knowledge or to solve a problem.

3) Development is the process of creating or improving a product or service.

4) A business may develop new products in order to stay competitive, meet the changing needs of their customers, or to expand their market.

5) To determine a need for a new product, a business may conduct market research to identify gaps.

R&D is crucial for organizations because it gives valuable information and insights, which leads to changes to existing processes where efficiency and costs may be raised. It also enables firms to create new goods and services in order to prosper and survive in competitive marketplaces.

Research and development are critical to a company's success because they drive innovations that enhance business efficiency, lower costs, and raise sales through new and improved goods.

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This is an example of a lack of corporate social responsibility.

The approach to social responsibility that is illustrated by WorldCom giving managers stock options and bonuses even when the company performance was declining, and managers sold their stock in advance of other shareholders is a lack of social responsibility.

A lack of social responsibility is illustrated by WorldCom giving managers stock options and bonuses even when the company performance was declining, and managers sold their stock in advance of other shareholders.

WorldCom's management team, according to this question, was not acting in the best interests of the company or its shareholders, but rather prioritized their own personal gain.

As a result, they disregarded their social responsibility to the company and its shareholders.

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Answer:

Get Gritty

Take Risks

Trust yourself

Hire Great Partners

Spend Time

Get Inspired

Explanation:

Grit is perseverance. Grit is the go-get-’em attitude that is expected of entrepreneurs. Grit is the ability to keep working when everyone tells you that you should give up.If you want to be a successful entrepreneur, you have to be gritty.Honestly, without hard work and perseverance, you’re not going anywhere in the entrepreneurial world.

Humans are generally risk-averse, but part of being an entrepreneur is recognizing the risks that you should take.Successful entrepreneurs take risks. It’s part of the job.Successful entrepreneurs also know which risks to take and which they shouldn’t. Learn to recognize the risks that will benefit your business and take them.

If you don’t believe in yourself, who will?Being a successful entrepreneur means that you’ve learned to listen to your intuition and rely on your wisdom when making decisions.Your ability to trust and believe in yourself will show your confidence. People are more likely to follow and trust confident leaders.Trusting in your own skills will also take some of the pain of uncertainty out of being an entrepreneur.When you feel uncertain, remember how much experience and knowledge you have.

This one might be a little bit obvious.Successful entrepreneurs aren’t successful within a vacuum. We all have a great team and support network behind us.And hiring great partners don’t just mean someone who can do the job you’re hiring them for.Hire partners who have great character and whom you like and respect.And just as a bonus, you’re more likely to succeed with a partner than you are on your own.

Do you think that there’s such a thing as an overnight success? Take a closer look.Upon examination, those people and businesses that became overnight sensations and successes actually worked really hard and long for their achievements.When you think you’ve found an overnight success, check again and examine closely the hours, days, and years that went into their success.Take a look at their life, the things they learned, and how many times they failed.Successful entrepreneurs take the time that’s required to reach success. And many of them have failures along the way.If you think it’s taking too long to find success, give yourself a break.Keep plugging along, putting in the hours, and before long, you’ll be a successful entrepreneur.Just imagine looking back at all the hard work and knowing it paid off. Keep that image in your head to motivate you forward through the long, slogging hours.

Being an entrepreneur is a creative pursuit. As an entrepreneur, you have to make connections, solve problems, and create new things that no one has thought of before.Creators and creatives need to be inspired.Successful entrepreneurs take time for the things that inspire them.Maybe your inspiration comes from being in an art museum, maybe it’s reading books, maybe it’s doodling —whatever it is that inspires you, do it. It’s good for your business.Successful entrepreneurs are inspired. Don’t let that magic slip for too long. Whenever you can, and definitely when you’re feeling burned out, get out there and get inspired.Inspiration is the spark for ideas. Ideas make successful entrepreneurs.

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Answered by: ms115

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The is the initial outlay required to fund this project is $94,000.

The initial outlay required to fund this project is calculated using the formula:

Initial Outlay = (Equipment Cost + Modification Cost + Increase in Working Capital)

Therefore, the initial outlay is:

Initial Outlay = ($80,000 + $10,000 + $4,000)

= $94,000

The initial outlay does not include the fee for the consultant since this is not a one-time cost associated with the project.

Working capital is the funding you have on hand to take care of your immediate, short-term requirements. You must estimate your present levels, forecast your future requirements, and think of strategies to ensure that you always have adequate cash on hand if you want to make sure that your working capital serves your demands.

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The preliminary cash balance at the end of August before any loan activity is (d) $12,900.

Calculation of preliminary cash balance at the end of August before any loan activity:

The total cash balance at the beginning of August = $7,800

Cash receipts expected for August = $122,400

Cash payments expected for August = $135,300

Minimum cash balance that Southland Company wants to maintain = $10,000

Therefore, the total cash balance needed at the end of August = $10,000

Total cash receipts expected = $122,400Total cash payments expected = $135,300

Therefore, the preliminary cash balance at the end of August before any loan activity is:

\(= \$7800 + \$122400 - \$135300 - \$10000 \\ &\\= - \$12900 \end{aligned}\)

Therefore, the answer is (d) $12,900.

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The given statement " effective evaluation measures of a sales force should include both input and output measures." is True. Evaluation measures of a sales force should aim to provide both input and output measures. Input measures provide information on how effective and efficient the sales force is in utilizing available resources to reach the desired outcomes.

On the other hand, output measures offer details about the actual sales and profits made.The input measures of sales force evaluation typically involve assessing the recruitment, training, and deployment of the sales team members, the working environment, and the available sales tools and resources.

The output measures entail examining the sales volume, revenues, and profits attained over a given period. The ratio of sales to the number of sales representatives and customer feedback, are also commonly used as output measures in sales force evaluation.The use of both input and output measures in sales force evaluation is crucial in identifying the areas of strengths and weaknesses of a sales team.

In addition, both types of measures can help organizations to establish effective strategies to optimize the performance of their sales force. Hence, it is true that effective evaluation measures of a sales force should include both input and output measures.

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Considering the information released, the 2019 survey of ERP users indicated that forty-five percent of ERP projects experienced cost overruns.

This is based on the information released on the ERP website and made known to the public.

ERP is an acronym for Enterprise Resource Planning.

The ERP software is known to be utilized by various used firms to organize the main components of their business, including the likes accounting, production, sales, and marketing processes.

Hence, in this case, it is concluded that the correct answer is "Forty-five percent"

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Limited resources in economics refers to the finite amount of resources (natural, human, and financial) that are available to produce goods and services.

This concept is central to the study of economics because it helps explain why scarcity exists and how governments and individuals must make decisions about how to allocate these resources. Because resources are limited, they must be used efficiently and carefully so that as many people as possible can benefit from them. The are generally also called as scarce resources.

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The MPC (Marginal Propensity to Consume) for an economy is the slope of the consumption schedule or line. This represents the change in consumption for every change in income.

The higher the MPC, the more responsive consumers are to changes in income, leading to a greater impact on the economy. Consumption is a key driver of economic growth and is influenced by factors such as income, interest rates, and consumer confidence. The MPC (Marginal Propensity to Consume) for an economy is the slope of the consumption schedule or line.

It represents the change in consumer spending that occurs with a change in disposable income. In other words, it is the fraction of additional income that is spent on consumption. The formula for MPC is the change in consumption divided by the change in disposable income.

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In making sales, it's important to take into account the following audience aspects: demographics like gender and age . education or type of work. Their location inside a cell is determined by geography.

Statistics used to define populations and their features are called demographics. A population's characteristics, including such age, race, and sex, are studied through demographic analysis.

Our demographics, such as our ethnicity, age and generation, gender, wealth, marital status, education, & homeownership, describe who we are as people. Without identifying our personalities, these and other traits classify us.

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Answer:

brenda income has gone because there is nothing money left

The contribution of the goods-producing sector to GDP growth varies between 2010 and 2011 and it fell by 2.3%. Therefore, option b is the right choice.

Gross domestic product (GDP) is a term that is used to measure the size of an economy. GDP can be compiled for a country, a region (such as Tuscany in Italy or Burgundy in France), or for many countries combined, as in the case of the European Union (EU)

Economic growth (GDP growth) explains the percent change in real GDP, which rectifies the nominal GDP figure for inflation. Real GDP is therefore also known as inflation-adjusted GDP or GDP in constant prices.

In the industry accounts, goods-producing industries comprise of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.

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In order to create buzz about a special marketing event, experiential marketing often combines guerilla and buzz marketing strategies (Options B and C).

By constructing immersive and engaging experiences that connect with customers on a personal level, it goes beyond conventional advertising techniques. The goal of experiential marketing is to create strong emotional bonds with the brand. Live events, pop-up shops, branded installations, product displays, and interactive campaigns can all be a part of it. While Option A's distribution of samples via social media and Option D's interactive direct response marketing can both be a part of an experiential marketing plan, they do not cover the entire spectrum of strategies normally used in experiential marketing.

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Answer:

From the graph, if you invest 10% in bonds and 90% in stocks,  the range of potential return is given as +49.8% to -39.0% with a average of 9.9% whereas if investment is  made by 10% in stocks and 90% in bonds, then the range of annual returns would become +31.2% to -8.2% with a average of 6%.  Therefore, as the investment in stocks increases the average annual returns also increase.

Explanation:

Hope this helps!

Explanation :

Given data:

Direct materials used on Job 210, $200,000

Direct labor costs incurred in June: Job 210, $120,000; Job 211, $80,000

Manufacturing overhead applied in June, $150,000

Overhead applied on the basis of direct labor cost

Inventories on June 1:

Raw materials, $60,000

Work in process, $120,000

Finished goods, $200,000

Inventories on June 30:

Raw materials, $90,000

Work in process, $140,000

Finished goods, $240,000

Unfinished jobs on June 30:Job 210, $60,000 Job 211, $100,000

Units started in June:Job 210, 10,000 units Job 211, 5,000 units

Units completed and transferred to finished goods in June:Job 210, 7,500 units Job 211, 2,500 units.

1. Calculation of balance in Work in Process Inventory on July 1 if these were the only unfinished jobs= 60,000 + 100,000 = $160,000.

2. Calculation of predetermined overhead rate in June if overhead was applied on the basis of direct labor cost       Total direct labor cost incurred in June = $120,000 + $80,000 = $200,000

Overhead rate = Manufacturing overhead / Direct labor cost= $150,000 / $200,000= 0.75 or 75%

3. Calculation of overhead applied to Job 210 in July

Direct labor cost incurred for Job 210 = $120,000

The overhead rate for the current year is 20% higher than the preceding year

Therefore, overhead rate for the current year = 75% + (75% × 20%)= 90% or 0.9

Overhead to be applied = 0.9 × $120,000= $108,000

4. Calculation of the total and unit cost of the job assuming Job 210 is complete Job 210 was completed and transferred to finished goods

Cost of goods manufactured = Direct materials + Direct labor + Manufacturing overhead= $200,000 + $120,000 + $150,000= $470,000

Total cost of Job 210 = Cost of goods manufactured × Number of units completed= $470,000 × 7,500= $3,525,000Unit cost of Job 210 = Total cost / Number of units completed= $3,525,000 / 7,500= $470

5. Calculation of the balance in Work in Process Inventory on July 31 if Job 211 is the only unfinished job at July 31

Direct materials cost of Job 211 = $160,000 (i.e., $60,000 + $100,000)

Direct labor cost incurred for Job 211 = $80,000

Overhead applied to Job 211= $80,000 × 75%= $60,000

Total cost of Job 211 = Direct materials + Direct labor + Manufacturing overhead= $160,000 + $80,000 + $60,000= $300,000

Balance in Work in Process Inventory on July 31= Cost of unfinished job on July 31= $300,000

Therefore, the balance in Work in Process Inventory on July 31 is $300,000.

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Answer:

4.19%

Explanation:

((500/(500+21.88)-1)*100

Answer:

wassup

Explanation:

I am interested in learning more about your business and finding ways to support each other's growth. Let's keep the conversation going and see where it takes us.

Hi there! It's great to connect with new contacts like you, Dan. As we discussed, I am currently looking for a qualified sales representative for my business. However, I also believe in building mutually beneficial relationships with my contacts, and I am curious to know if there is any way I can support your business as well.

Perhaps you could tell me more about your business and its goals. This would help me understand how I can potentially assist you in reaching those goals. I am always open to exploring ways to collaborate and help each other grow our businesses.

Alternatively, if you have any specific challenges or obstacles that you are currently facing in your business, I would be happy to offer my expertise or provide any resources that may be helpful. I believe that by working together and sharing knowledge, we can all achieve greater success.
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Target markets, a corresponding marketing mix, and the foundations on which a company intends to create a long-term competitive advantage are all identified by the bank. Hence option (B) is the correct one

Marketers can monitor marketing analytics to determine the success of their advertising campaigns. These indicators can show how well your marketing campaigns are influencing people to engage in worthwhile activities.

For marketers, marketing metrics serve as a guide for data collecting and analysis. Depending on the platforms, goals, and campaign types, you should employ different marketing metrics.

The involvement and money generated from each campaign over time will be highlighted in a more subtle way.

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Answer:

"Controlling" is the right response.

Explanation:

After that, Michele checks the availability as well as chooses to make several other significant changes to the program.

Answer:

c.Material Resources

Explanation:

Answer:

c

Explanation: