assume that the firm is hiring labor in a purely competitive market. if the wage rate is $11, how many workers will the firm choose to employ? group of answer choices A.5 B.4 C.3 D.2
Answers
In a purely competitive labor market where the wage rate is $11, the firm will choose to employ the number of workers that maximizes its profit. The answer to how many workers the firm will choose to employ depends on the marginal productivity of labor and the cost of hiring additional workers.
In a purely competitive market, a firm maximizes its profit by hiring workers up to the point where the marginal revenue product (MRP) of labor equals the wage rate. The MRP represents the additional revenue generated by employing an additional unit of labor. In this case, since the wage rate is $11, the firm will hire workers up to the point where the MRP of labor is also $11. If the MRP of labor is greater than $11, it means that hiring an additional worker would generate more revenue than the cost of their wages, and the firm should hire more workers. Conversely, if the MRP of labor is less than $11, it means that hiring an additional worker would generate less revenue than the cost of their wages, and the firm should reduce its workforce.
Without specific information about the MRP of labor at different levels of employment, it is not possible to determine the exact number of workers the firm will choose to employ. Therefore, among the given answer choices (A.5, B.4, C.3, D.2), none can be definitively selected as the answer without additional information. The firm's optimal employment level depends on the specific circumstances and the productivity of labor in that market.
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Related Questions
Vaughn Church Furniture manufactures custom pews, altars, and pulpits for churches across the southern United States. Since each order is unique, Vaughn uses a job order costing system. During the month of June, Vaughn worked on orders for three churches: Faith Church, Grace Church, and Hope Church. Production on the Faith and Grace orders began in May, and the Faith job was completed in June. Production on the Hope order began in June and was incomplete at the end of the month. Vaughn applies overhead to each job based on machine hours. Prior to the year, managers had estimated manufacturing overhead at $693,000, along with 21,000 machine hours. Additional cost information related to the three orders is as follows:
Answers
Vaughn Church Furniture specializes in manufacturing custom altars, pews, and pulpits for churches throughout the southern United States.
Each order is unique, so the business uses a job order costing system. Vaughn worked on orders for three different churches in June: Faith Church, Grace Church, and Hope Church. Overhead is applied to each job based on machine hours, and Vaughn Church Furniture has estimated manufacturing overhead at $693,000 and 21,000 machine hours prior to the year.Additional cost information related to the three orders is as follows: Cost Information Faith Church Grace Church Hope Church Direct materials$5,400$16,200$9,000Direct labor$2,880$5,760$4,800Machine hours (MH)9603,8402,400
The predetermined overhead rate is calculated by dividing the estimated manufacturing overhead cost by the estimated machine hours for the year. Therefore, the predetermined overhead rate is $33 per machine hour. The total manufacturing overhead applied to each job is determined by multiplying the predetermined overhead rate by the actual machine hours required for each job.Faith ChurchGrace Church Hope Church Total Machine hours9603,8402,4007,200Manufacturing overhead applied$31,680$126,720$79,200$237,600
In summary, Vaughn Church Furniture, which specializes in producing custom furniture for churches, utilizes a job order costing system. They worked on three orders in June, which are Faith Church, Grace Church, and Hope Church. Before the year, Vaughn Church Furniture estimated their manufacturing overhead at $693,000 and 21,000 machine hours. To allocate overhead to each job, they applied a predetermined overhead rate of $33 per machine hour.
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Empirical evidence shows that the quantity theory of money is a good theory of inflation
a) in the long run, but not in the short run
b) in the short run, but not in the long run
c) in both the long run and the short run
d) neither in the long run nor the short run
Answers
Empirical evidence supports the quantity theory of money as a good theory of inflation in the long run, but not necessarily in the short run.
The quantity theory of money states that there is a direct relationship between the money supply and the price level of goods and services in an economy.
This theory suggests that an increase in the money supply will lead to an increase in prices, and vice versa.
In the long run, empirical evidence suggests that changes in the money supply do indeed have a significant impact on inflation rates.
However, in the short run, other factors such as changes in supply and demand, changes in production costs, and changes in expectations can also influence inflation rates.
Therefore, while the quantity theory of money provides a good framework for understanding inflation in the long run, it may not be as accurate in the short run.
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How much notice does the Worker Adjustment and Retraining Notification
(WARN) Act require employers give their employees when a facility is
closing?
A. 120 days
B. 90 days
C. 60 days
D. 30 days
Answers
Answer:60 days
Explanation:
ap3x
Answer:
The question may also ask:
The Worker Adjustment and Retraining Notification (WARN) Act requires that companies meet notice requirements of how many days before reducing a workforce?
The answer is still 60 days
Explanation:
Which of these factors can affect a credit score?
A. Your grades in school
B. Your income
C. Your payment history
D. Your family household size
Answers
Payment history is the factors that can affect a credit score. Some of the other things that affects the credit score are credit usage, account age, new credit and the types of credit you use are all factors to consider.
What is credit score?A credit score is a number that varies from 300 to 850 that indicates a person's creditworthiness. The stronger a borrower appears to potential lenders, the higher the score.
The number of open accounts, total debt, payback history, and other factors are used to determine a credit score.
Thus, option C is correct.
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Discuss the wireless spectrum and how it relates to a wireless network. What frequency ranges, or bands, are associated with Wi-Fi use
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The wireless spectrum refers to the range of frequencies used for wireless communication, and Wi-Fi uses the 2.4 GHz and 5 GHz frequency bands.
How does Wi-Fi use the wireless spectrum?The wireless spectrum refers to the range of electromagnetic frequencies used for various types of wireless communication. It encompasses a wide range of frequencies, from extremely low frequencies (ELF) to extremely high frequencies (EHF). Different frequency bands within the wireless spectrum are allocated for specific uses, including wireless networks such as Wi-Fi.
Wireless networks, like Wi-Fi, utilize specific frequency bands within the wireless spectrum to transmit and receive data wirelessly. Wi-Fi operates in the unlicensed spectrum, meaning it can be used without requiring a specific license from regulatory authorities. The most common frequency bands used for Wi-Fi are:
4 GHz Band: This is the oldest and most widely used Wi-Fi frequency band. It is divided into multiple channels, allowing for simultaneous communication between devices. However, due to its popularity and limited number of channels, this band can become congested, leading to potential interference issues.5 GHz Band: The 5 GHz band provides additional channels for Wi-Fi communication, offering higher data rates and reduced interference compared to the 2.4 GHz band. It is less crowded and provides greater bandwidth, making it suitable for applications that require faster and more reliable connections. However, the higher frequency range limits its range compared to the 2.4 GHz band.These two frequency bands are the most common and widely supported by Wi-Fi devices. The specific channels within these bands may vary depending on the regulatory domain and local regulations. For example, in the United States, the 2.4 GHz band has 11 channels, while the 5 GHz band has multiple channels spaced apart to reduce interference.It's important to note that Wi-Fi is just one application within the wireless spectrum, and other wireless technologies, such as Bluetooth, cellular networks, and microwave ovens, also utilize specific frequency bands. Regulatory authorities allocate and manage the use of the wireless spectrum to ensure efficient and interference-free communication across different wireless devices and technologies.
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If the cost of production decreases for Tesla’s cars, what effect will this have on consumers who want to buy one???
Answers
Answer:
The consumers will pay more.
Explanation:
Should the production cost increase, the price of Tesla cars is also likely to increase. Typically, producers are likely to pass the increased costs to the cars' final price. The market price for the cars will go up, meaning customers will pay more for the cars.
what is office proceducer and accouting
Answers
The administrative department handles management activities that affect the entire organization. The accounting department keeps the financial records of the business and prepares reports that help the business to make financial decisions.
Hope it helps...Which of the following is not a type of predictable demand behavior? A. Trend B. Cycle C. Seasonality D. Random variation 23. One way to reduce the bullwhip effect is for supply chain members to A. Make ordering decisions independently of each other. B. Restrict information flows between supply chain members. C. Share demand forecasts with other supply chain members. D. Create demand forecasts independently of other supply chain members.
Answers
Predictable demand behavior refers to any regular pattern or trend in customer demand that a company can predict, and it includes trends, seasonality, and cycles.
However, unpredictable demand behavior like random variation is not predictable as it has no pattern or trend, it happens by chance and is often unexpected. Therefore, option D, Random Variation is not a type of predictable demand behavior.What is the bullwhip effect?The bullwhip effect is a phenomenon where small changes in demand or supply in the early stages of the supply chain are amplified as they move up the supply chain. As a result, inventory management, planning, and forecasting become challenging, making it difficult to maintain the optimal level of inventory to meet customer demand.One way to reduce the bullwhip effect is to share demand forecasts with other supply chain members. By sharing this information, all the members can plan their production and inventory levels accordingly. It can lead to better coordination, reduced inventory levels, and improved customer service.To summarize, Random variation is not a type of predictable demand behavior, while sharing demand forecasts with other supply chain members is a way to reduce the bullwhip effect.
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An advantage of managing a diverse workforce is. Question 2 options:reduced mistrust and tension. Improved groupthink. A better understanding of diverse markets. The reduced communication of problems. Increased cohesiveness
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The correct option is: A better understanding of diverse markets.
Managing a diverse workforce offers several advantages, including increased innovation, improved problem-solving abilities.
However, one significant advantage is gaining a better understanding of diverse markets.
A diverse workforce brings together individuals from different backgrounds, cultures, and perspectives.
These diverse perspectives can provide valuable insights and unique approaches to understanding and meeting the needs of diverse markets.
By having employees with a range of experiences and cultural understanding, a company can effectively tailor its products or services to meet the specific demands of different customer segments.
Diverse markets often have unique preferences, cultural nuances, and consumer behaviors. By having a diverse workforce, a company can tap into this wealth of knowledge and develop a deeper understanding of the diverse markets they serve. This understanding can lead to more effective marketing strategies, product development, and customer engagement.
Furthermore, managing a diverse workforce can help a company avoid cultural misunderstandings or missteps that may arise when trying to penetrate diverse markets.
Having employees who are familiar with different cultures and can navigate cross-cultural communication can minimize potential pitfalls and build stronger relationships with customers in those markets.
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what do you prefer local fundraising or global fundraising and why? (just one reason)
Answers
Answer:
Doing local fundraising for a large organization can sometimes seem complicated and unwieldy. Whether you are running a local affiliate of a large national organization, or are responsible for raising funds in a single neighborhood for a small, city-wide charitable group, raising local money for larger groups presents a unique challenge. I prefer local fundraising
global fundraising
Explanation:
because you can help people without water and electricy
On August 2, Jun Co. receives a $6,800, 90-day, 12% note from customer Ryan Albany as payment on his $6,800 account.
1. Compute the maturity date for the above note.
a. October 29.
b. October 30.
c. October 31.
d. November 1.
e. November 2.
2. Prepare Jun?s journal entry for August 2.
Answers
The maturity date for the note On August 2, Jun Co. receives a $6,800, 90-day, 12% note from customer Ryan Albany as payment on his $6,800 account is October 31.
The correct option is c.
October 31.What is maturity date?The date on which a loan or bond, or other financial instrument or commercial paper reaches its contractual end date and therefore becomes due to be repaid or returned is called the maturity date.Journal entry for August 2 As we know that the Journal entry is the recording of financial transactions and other economic events in a bookkeeping system, which consists of debit and credit entries.
Here is the journal entry for August 2.Date Accounts and Explanation Debit Credit August 2 Notes Receivable 6,800 Sales Revenue 6,800(Being a note was received from Ryan Albany on account)Note: Sales Revenue is being credited because the amount of the note equals the amount of the account receivable.
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Louisa works in marketing. She works with several different areas of the company that employs her. Which task does Louisa have others perform?
A. Conducting meetings at a satellite office
B. Working on new marketing campaigns at home
C. Participating in teleconferences in her home office
D. Training other employees to use a computer
Answers
Answer:D
Explanation: so other employees have more experience and will be able to help around the office more
Answer:
The correct answer to your question is B. Working on new marketing campaigns at home.
Explanation:
Edge 2021:)
Write a one to two paragraph explanation that teaches how to complete each form. Be sure to write the instructions in "plain English" versus official federal government "speak."
Describe the documents you could provide to a new employer in order to establish your identity and/or employment eligibility. Provide a list of a minimum of four documents.
Submit your paragraph explanations for completing each form and the description of the documents for establishing your identity and/or employment eligibility as the assignment for this lesson.
Answers
Answer: So so sorry but i don't know!
Explanation:Have a great day
Employees who are paid a set annual wage regardless of the number of hours worked or the amount of work completed are paid on a(n) _____ basis
Answers
Answer:
Employees who are paid a set annual wage regardless of the number of hours worked or the amount of work completed are paid on a SALARY basis. Salary system of compensation is often based on qualifications, seniority, experience and the degree of difficulty of the job that the staff is executing.
What is it called when businesses are doing poorly and stock prices drop?
Answers
Answer:
When a stock price falls, that means the company must sell additional shares of stock to raise the same amount of proceeds
Explanation:
what aspects of nasa practice revealed following the columbia disaster suggest that the changes that were recommended following the challenger disaster were not sustained?
Answers
The NASA organization underwent significant changes following the Challenger disaster in 1986, which resulted in the deaths of seven astronauts.
These changes included increased emphasis on safety and risk management, increased transparency and open communication, and a focus on improving the culture of the organization. However, following the Columbia disaster in 2003, which resulted in the deaths of all seven crew members, it became clear that some of the changes implemented following the Challenger disaster had not been sustained. Some of the aspects of NASA practice that revealed this included:
Overconfidence: Some members of the NASA organization displayed a level of overconfidence in the safety of the Space Shuttle program, despite the fact that there had been previous failures and incidents. This overconfidence can be seen as a failure to learn from past mistakes and to continuously improve safety procedures.
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Which of the following skills are required to be an effective project manager?
Answers
Answer:
The most important skills of a project manager include communication, teamwork, time management, budgeting
Explanation:
Following are the characteristics of effective project manager
The communication skills of project manager should be effective in nature.
The project manager should have central leadership expertise.
The Project managers should have decision-making skills because the best decision makes the company in profit.
In a good project manager, his team members can express their goal really well.
The project manager tends to keep his peace of mind the whole time and is continuously focused so not to stop losing himself and potentially impact his team culture..
The project manager also takes care of time and submit the project in time.
The effective project manager also keeps in mind the budget before starting the project.
All the other options are not related to skills of effective project manager that's why they are incorrect option.
Which leadership skill do you feel is most important for a small business to succeed for a
long time? Explain your answer using examples. It's depends on the business that they are doing because they all have strengths and weakness.
Answers
What ethical theory focuses on rules and princiles of estical bectuvor that apply inder all crommitinces?
Answers
The ethical theory that focuses on rules and principles of ethical behavior that apply under all circumstances is known as deontological ethics.
Deontological ethics emphasizes the importance of following moral rules and principles regardless of the consequences.
According to this theory, certain actions are inherently right or wrong, regardless of their outcomes.
Deontological ethics is often contrasted with consequentialist ethics, which evaluates the morality of an action based on its consequences.
Unlike consequentialist ethics, deontological ethics prioritizes the intention and the act itself, rather than the outcomes.
For example, consider the ethical principle of honesty.
According to deontological ethics, it is morally right to tell the truth, even if doing so leads to negative consequences. In this case, the moral rule of honesty takes precedence over the potential negative outcomes.
Deontological ethics focuses on following moral rules and principles that apply universally, regardless of the circumstances or consequences. It prioritizes the intention and the act itself, rather than the outcomes.
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rent received Rs. 10,000/-
Answers
Answer:
Okay, but where is the question or it's free points?
Gabrielle is three months behind on her mortgage, and her lender filed negative information affecting her credit rating. Gabrielle mailed one monthly payment to the lender along with a letter stating that she was making the payment on the condition that the lender remove negative material sent to credit reporting agencies affecting her credit rating. The lender cashed the check but did not remove the negative information. Gabrielle sues the bank for breach of contract. Which of the following is the most likely result?
a. The bank will win because under the preexisting duty rule, Gabrielle was already legally obligated to make the payment, and there was no consideration to support the contract.
b. The bank will win because under federal law, once correct negative information is reported regarding a customer, it can be removed only if it is found to be untruthful.
c. The bank will win because under state law, once correct negative information is reported regarding a customer, it can be removed only if it is found to be untruthful.
d. Gabrielle will win because the bank's cashing the check constituted acceptance of her offer, and a valid contract existed.
e. Gabrielle will win because the bank had an obligation to notify her that it was not accepting her offer before cashing the check.
Answers
Which of the following can be used to convey compelling stories that help businesses attract and inform consumers?
a. Slide decks
b. Manuscripts
c. Infographics
d. Letters
Answers
Infographics can be used to convey compelling stories that help businesses attract and inform consumers. Option C is the correct answer.
Infographics are visual representations of data or information that use design elements such as charts, graphs, icons, and images to convey a message or tell a story. They are a powerful tool for businesses to use in their marketing and communication efforts because they can quickly and effectively convey complex information in an engaging and easily digestible way.
By using infographics, businesses can make their content more visually appealing and memorable, which can help them stand out from the competition and build a stronger connection with their target audience.
Option C is the correct answer.
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true or false? the business continuity plan (bcp) technical recovery team needs to be very familiar with existing disaster recovery plans (drps) and may have even authored them. true false
Answers
The statement " the business continuity plan (bcp) technical recovery team needs to be very familiar with existing disaster recovery plans (drps) and may have even authored them" True because the Business Continuity Plan (BCP) technical recovery team is responsible for ensuring that critical IT systems and data can be recovered in the event of a disaster.
As part of their responsibilities, they need to be very familiar with the organization's existing Disaster Recovery Plans (DRPs), which outline the procedures and protocols to recover the organization's critical IT systems and data.
If the technical recovery team has authored the DRPs themselves, they will have an even deeper understanding of the procedures and steps necessary to recover critical systems and data. This will enable them to ensure that the DRPs are up-to-date and relevant to the current IT infrastructure of the organization.
In addition to understanding the DRPs, the technical recovery team also needs to have a detailed understanding of the IT systems and infrastructure they cover. This includes knowing the location and configuration of servers, data storage systems, and other critical IT components. This knowledge enables the team to identify potential weaknesses in the system and develop contingency plans to ensure that the organization can quickly recover from any IT-related disaster.
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What is a necessary component of a simulation game?
It must be based on a real-world activity or experience.
It must include some learning or practicing an experience.
It must include negative consequences for mistakes.
It must be designed with adult players in mind.
Answers
Answer: Game world. Goals and objectives:
Rules and/or Instructions:
Interaction:
Conflict (and/or competition, challenge, opposition)
Outcomes and Feedback.
Game storyline.
Characters for video game.
Music.
Visuals.
Quality assurance.
Example: GTA aka ; grand theft auto
Support Material
Business functions
Activity 1:
Study the following scenarios and answer the questions that flow:
1.1 The sales department is constantly running out of stock because stocks are not ordered on time. The admin clerk is new and files the documents in the wrong place. The purchasing department was not even aware that they should order more stock.
1.1.1 Which department created the problem?
1.1.2 What will the consequences be if the sales department constantly runs out of stock?
1.1.3 How can the problem be solved?
1.2 The creditors are not paid on time and added interest to the account of the business.
1.2.1 Which department created the problem?
1.2.2 What will be the consequences if this continues to happen?
1.3 The workers are always complaining of the third grade stock they have to sell to customers.
1.3.1 Which department created the problem?
1.3.2 How can the problem be solved?
1.4 Clients are constantly surprised on the new items they get on the shelves and some of which they have not seen before?
1.4.1 Which department created the problem?
1.4.2 How can this problem be prevented in future?
Answers
In the scenario given, the department that was said to have created the problem is the admin department because the document to show that there was low stocks was filled in the wrong place and as such, the purchasing department was not made aware.
1.1. What will the consequences be if the sales department constantly runs out of stock?The consequences are:
They will have issues with customers demanding product and unfulfilled orders.Complains and lastly they will lose customers.How can the problem be solved?There should be a computerized system on all product and their quantities should be included such that when the product is getting low on stock, the system will alert the admin and appropriate steps to new buy product will be taken
1.2. Which department created the problem?Since the creditors were not paid on time, the department that created the problem is also the admin department
What will be the consequences if this continues to happen?They we be close done.They will not have anyone who will sell products to them.1.3.Which department created the problem?The purchasing department created this problem.
How can the problem be solved?The purchasing department need to buy quality Stocks. They can hire a professional who knows the quality so that he or she can help with the purchase.
1.4.
Which department created the problem?The sales department created this problem
How can this problem be prevented in future? The sales department need to use a method that will not surprise the people such that they can be create an ad or place the new product one at a time not all new product at the same time.
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What is Gravitational law and how yo solve it
Answers
Explanation:
I believe this is what you are asking for, Newton's law of gravitation.
The law of Newton's universal-gravitation states that every particle will attract every other particle in the universe. The force that attracts this is a force that is directly proportional to a product of the mass.
The use of government taxes and spending to alter macroeconomic outcomes is known as?
Answers
it's known as fiscal policy
The histogram and box plots below show the distribution of finishing times for male and female winners of the New York Marathon between 1970 and 1999.
Answers
Answer:
Kindly check explanation
Explanation:
A.)
From the histogram, the number of runners who made a certain range of Runtime can be easily deduced on the y-axis of the histogram, which isn't possible on the boxplot.
Summary statistic such as lower quartile, median and upper quartile statistics including outliers can be deduced easily from the boxplot.
B.)
Bimodal distribution occurs when two different groups or class have the highest number of values in a distribution.
C.)
The distribution of marathon times for men is fairly normally distributed while that if women is skewed.
The minimum and maximum values in the women's distribution is greater than the minimum and maximum values in the men's distribution.
The women's distribution has greater variance than the men's distribution. (greater range value).
if my movie starts at 11:26 am but it takes 48 minutes to get there what time will it be when I get there
Answers
Answer:
12:34
Explanation:
It will be 12:34 if you leave at 11:26
In 2002, the cheese manufacturing industry in the united states had a four-firm concentration ratio of 34 percent. this implies that the cheese manufacturing industry is?
Answers
In 2002, the cheese manufacturing industry in the united states had a four-firm concentration ratio of 34 percent. this implies that the cheese manufacturing industry is not an oligopoly market. Oligopoly markets are markets that are dominated by very few suppliers. They can be found in all countries and in a wide range of sectors. Some oligopoly markets are competitive, while others are significantly less so, or at least may appear so. Competition authorities are often called upon to investigate concerns of concerted actions or lack of vigorous competition.
When firms in the same industry work together to increase their mutual profits rather than competing stubbornly with each other, it is known as an oligopoly situation. Oligopoly markets are found all over the world and even appear to be increasing in some industries.
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