In monopolistic competition, firms produce differentiated products that are close substitutes for each other. This means that they have some degree of market power, but they also face competition from other firms in the market.
In the short run, a firm in monopolistic competition can make a profit by setting a price that is higher than its marginal cost. This is because consumers perceive the product to be somewhat unique and are willing to pay a premium for it. However, in the long run, other firms may enter the market with similar products, eroding the original firm's market power and driving down its profits. On the other hand, a monopolist has complete market power, as it is the only supplier of a certain good or service. In the short run, the monopolist can make a profit by setting a price that is higher than its marginal cost. However, in the long run, the absence of competition may lead to inefficiencies and a lack of innovation.
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a (blank) is a rule or limit placed on the supply of a good or service by the government
A price ceiling is a rule or limit placed on the supply of a good or service by the government.
Why is there a price ceiling?A price ceiling is the imposed upper limit on what a seller may charge for a good or service. Price ceilings, which are normally established by law, are frequently applied to necessities like food and energy supplies when they become expensive for regular consumers.
A price cap is advantageous to whom?Benefits accrue to individuals who are able to buy the product for the lower price set by the price ceiling, but sellers of the goods and others who are unable to buy the commodity at all suffer.
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During a cience invetigation, ix tudent divided 15 pound following oil, write the equation that how how many pound of potting oil i each tudent
received
Each student received 2.5 pounds of potting soil, weighing between 2 and 3.
Equation
15/6 = P, where P is the weight of each student.
P = 2.5
The word "potting soil" refers to a variety of soil types, each with a unique composition and structure that is best suited for plants in pots and other decorative containers. In contrast to, say, the heavier dark garden soil, potting soil is light.
Peat is one of the major ingredients in potting soil. Peat is a natural raw material that has been used for ages and is derived from plant residues. Coir is yet another crucial component of potting soil. Peat may be combined with items like lime, coir, bark, compost, sand, and fertilizers, depending on the intended application.
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The complete question is:
During a science investigation, six students divided 15 pounds of potting soil equally. Write an equation that shows how many pounds is a potting soil each student received.
Equation: 15/6 = P
Between which two whole numbers does your answer lie?
A survey is taken of a single neighborhood in a town to determine the average income per household in the town. Pick
The information below best describes the type of sample collected: E. A stratified random sample.
The required details for stratified random sample in given paragraph
In statistical research, it can be advantageous to study each subpopulation (layer) independently when subpopulations are diverse within the total population. Stratification is the process of dividing Divide members of a population into homogeneous subgroups prior to sampling. The strata should define the division of the population. That is, it must be collectively exhaustive and mutually exclusive: each element of the population must be assigned to exactly one stratum. Then, each level is subjected to a straightforward randomization. The goal is to improve sampling accuracy by reducing sampling error. It can produce a weighted average that exhibits less variability than the arithmetic mean of a simple random sample of a population.
In computational statistics, the stratified sample is a variance reduction method that uses Monte Carlo methods to extract demographic statistics from a known estimate population.
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Complete question
A researcher wanted to estimate the average amount of money spent on extracurricular activities per school in a certain region. The researcher randomly selected 20 public schools and 20 private schools in the region to be used in the sample. Which of the following best describes the type of sample that was taken?
A. A census
B. A cluster sample
C. A convenience sample
D. A simple random sample
E. A stratified random sample
Which of the following would best represent the example of a capital good? Select one:a. Money.b. A computer.c. Natural resources such as water and wind.d. A new and unique good or service.e. Services provided exclusively by the government.
The right response is (B) Computer. A computer is a capital good because it aids in the manufacture of other products that consumers will buy.
What is a capital good example?Buildings, machinery, tools, and equipment are a few examples of the capital goods that firms employ to produce their goods and services.Tools, machines, and buildings are instances of capital goods. Consumer goods include things like food, appliances, apparel, and cars. Buildings, machinery, software, and inventories are all included in the capital stock of the nation at the macroeconomic level in any given year. Capital goods, often known as capital, are those long-lasting commodities that are employed as productive inputs in the subsequent production of goods and services.
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Below is a chart illustrating global trade patterns in 2018. Which of the following countries was the world's largest importer at this time?
In 2018, the top importing nations were the United States, China, Germany, Hong Kong, China, and the United Kingdom, while the top exporting countries were China, the United States, Germany, Japan, and Korea.
The United States is the world's largest importer of goods. In 2019, the United States imported $2.5 trillion in goods from around the world, a 1.6 percent ($40.2 billion) decrease from 2018. China was the leading supplier of goods to the US, accounting for 18% of total goods imports. While the prospect of shielding yourself from the turbulence of global markets may appear appealing at first glance, it comes with significant caveats, risks, and drawbacks. Not only would this mean missing out on the world's best foreign products, but it would also likely result in extremely expensive domestic goods. Meanwhile, highly specialized products would be unavailable, and unforeseen events could disrupt supply chains, causing economic chaos.
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Why GDP is not a good measure of economic well-being?
GDP is a rough estimate of a society's standard of life because it does not immediately take into account leisure, environmental quality, levels of health and education, extracurricular activities, changes in income disparity, improvements in diversity, or technological advancements.
The entire market value of all finished items produced and sold in a country during a given time period is known as the gross domestic product, or GDP. Before the measurement can be used as an accurate indicator, it needs to be corrected frequently due to its complexity and subjectivity. Nominal GDP is used to compare national economies on the global market because GDP per capita does not take into account variations in the cost of living and inflation rates of the various countries. Comparing living standards between countries may be more meaningful when using GDP per capita at buying power parity (PPP).
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Who represents the EU in WTO?
European Commission, The EU's goals at the WTO are to: 1. maintain the global trading system as fair, predictable, and based on universally accepted standards 2. modernize global trade markets to benefit European products, services, and investment.
Both the European Union (EU) and the other EU nations are WTO members. Governments and customs territories that make up the World Commerce Organization (WTO) establish, implement, and uphold the international standards for trade among themselves. Both the European Union (EU) and the other EU nations are WTO members.
A preliminary set of proposals for modernising the WTO and adapting international trade laws to the demands of the world economy have also been made by the European Commission. The Ministerial Conference is the WTO's highest governing body. The EU is represented in this forum by the EU Trade Commissioner.
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What are the most common processes and procedures handled by data warehousing specialists?
Data security, data availability, and data backup to prevent loss are the most frequent operations and procedures handled by data warehousing professionals.
Data is a collection of discrete values used to describe quantity, quality, fact, statistics, or other basic unit of meaning, or a set of symbols that can be further interpreted for knowledge. A single value within a group of dates is called a date.
Data is typically arranged in structures such as tables to give it additional context and meaning, and can also be used in larger structures as its own kind of data. Data can be used as variables in the calculation process. Data can be measurements or abstract concepts. Data are used in almost every aspect of organized human activity, including economics and scientific research.
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Who owns and controls the factors of production in a command economy?
In a command economy, key elements of economic output are under the supervision and direction of the government (or another central authority). The industries that create goods and services for the general public are controlled by and subject to the authority of the government.
The price and production of products and services that the government believes will be beneficial to the populace. When deciding what goods and services to create and how much to produce, a nation with a command economy concentrates on macroeconomic goals and political factors. The government generally has macroeconomic objectives that it wants to achieve, and in order to do so, it will produce products and services.
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Chri topped for ga twice on a long car trip The price of ga at the firt tation wa $1. 45 per gallon, and the price of ga at the econd tation wa $1. 55 per gallon. On the trip, Chri bought a total of 20 gallon of ga and pent $29. 80. If x = the number of gallon that Chri bought at the firt tation, and y = the number of gallon Chri bought at the econd tation, which ytem of equation could be ued to find the number of gallon of ga Chri bought at each tation. A. 1. 45x 1. 55y = 20 and x y = 29. 80
B. X y = 20 and 1. 45x 1. 55y = 29. 80
C. X y = 20 and 1. 45x - 1. 55y = 29. 80
D. Xy = 20 and 1. 45x 1. 55y = 29. 80
The correct answer is D. Xy = 20 and 1. 45x 1. 55y = 29.80. This system of equations can be used to find the number of gallons of gas Chri bought at each station.
The first equation,
XY = 20, states that the total number of gallons of gas purchased (x + y) is equal to 20. This equation can be used to solve for the number of gallons of gas purchased at each station (x and y).
The second equation,
1.45x - 1.55y = 29.80, which states that the total cost of the gas purchased (1.45x + 1.55y) is equal to $29.80. This equation can also be used to solve for the number of gallons of gas purchased at each station (x and y).
To solve for the number of gallons of gas purchased at each station, the two equations must be combined into a system of equations. The combined equation is
Xy = 20 and 1.45x - 1.55y = 29.80.
This equation can be solved using substitution. Once the equations are solved, the values for x and y will represent the number.
x=20/y
1.45×20/y-1.55y=29.8
29/y-1.55y=29.8
29-1.55y²=29.8y
1.55y²+29.8y-29=0
y=0.928
x=20/0.928
x=21.55
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What is nominal rate calculator?
When you know the effective interest rate and the number of compounding intervals every period, you can calculate the nominal interest rate per period.
What in physics is a nominal value?
In measurement, a nominal value is frequently a value that only exists in name; it is assigned as a practical designation rather than being determined through data analysis or by using the customary rounding techniques.
Nominal values may be used in accordance with de facto norms or specific technical standards.
What does "nominal number" mean?
Numerical labels that serve as unique identifiers for objects are known as nominal numbers. As these numerals do not denote amount, rank, or any other measurement, it is important to note that the actual values of the numbers they represent are less significant.
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Is globalization good for business for consumers?
Globalization can be generally seen as beneficial for both the businesses and the consumers as well. Thus by enabling businesses to expand into the new markets, they can increase their customer base along with profitability.
Consumers also get benefitted from globalization by having access to a wider range of products and services at such a lower prices. Globalization also encourages competition, which can help keep prices low and quality high. In addition, it promotes the sharing of knowledge and technology, which can benefit both businesses and consumers. Overall, globalization can be a positive force for both the businesses and the consumers.
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What are 3 internal influences?
The factors that affect a firm internally are those over which it has some control, including product, location, management, resource management, and business culture.
The vast bulk of a business' internal structures and activities are impacted by these factors. The internal organization of the company will rely on the products and services it offers.
In order for the business to continue producing the items, any needs for specific equipment that are necessary must be met.
A service provider will need less preparation, whereas a manufacturer will need more services to produce the commodities supplied. Each type of organization has a unique set of product influences.
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All of the following are true statements about focus groups except which of the following? Responses Those in a focus group answer questions about a product or service. Those in a focus group answer questions about a product or service. A focus group contains people from a target market. A focus group contains people from a target market. Answers to focus group questions are recorded and analyzed. Answers to focus group questions are recorded and analyzed. A focus group is made up of a very large group of people.
All of the following are true statements about focus groups except : A focus group is made up of a very large group of people.
What is a focus group?A focus group refers to a number of people, between six to ten who come together to share common characteristics like age, background, geography. They discuss a predetermined topic hence part of marketing research technique.
They are small groups who are asked to answer a series of questions about a particular product or a service. Focus group participants can be specialists in the field of the product or service that is being surveyed or they can be drawn from a cross-section of the general population. The results from the survey are used to help companies focus on what the areas they need to concentrate on to make the product a success.
Focus groups usually involves a number of participants having an open discussion on a specific topic, set by a moderator, usually the person that comes up with the specific topic for focus. The function of a focus group is to collect data through group interactions on a selected topic.
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When looking at a country as a market or investment, the international business must consider the country's legal system. In that assessment, the firm needs to understand the differences between private actions, which refer to theft, piracy, blackmail, and the like from individuals or groups, and public actions, which are those actions taken by politicians and government bureaucrats. Either kind of action would pose a serious threat to the firm's investment or operations. Before the firm can seek legal remedies, it must clearly understand the options open to it. In a legal sense, property refers to a resource over which an individual or a business holds a legal title. It is a resource that it owns. Countries differ in the extent to which their legal systems define and protect property rights, even those countries that are still nominally communist states. Property rights can be violated, sometimes by governments and sometimes by individuals or groups.
Private action in terms Of property rights and legal protections:
Weak Legal SystemTheft of BlackmailOrganizational plan/ protection money.Public action in terms Of property rights and legal protections:
BriberyCorruptionLegal MechanismsProperty rights generally can be defined as a constructs in economics for determining how a resource or economic good is used and owned. Property right have developed over ancient and modern history, from Abrahamic law to Article 17 of the Universal Declaration of Human Rights. There are several types of private property rights, one of the most known as private property right is the ownership of a home. Private property right has a function to steers economic growth by encouraging innovation and private investments.
When looking at a country as a market or investment, the international business must consider the country's legal system. In that assessment, the firm needs to understand the differences between private actions, which refer to theft, piracy, blackmail, and the like from individuals or groups, and public actions, which are those actions taken by politicians and government bureaucrats. Either kind of action would pose a serious threat to the firm's investment or operations. Before the firm can seek legal remedies, it must clearly understand the options open to it.
In a legal sense, property refers to a resource over which an individual or a business holds a legal title. It is a resource that it owns. Countries differ in the extent to which their legal systems define and protect property rights, even those countries that are still nominally communist states. Property rights can be violated, sometimes by governments and sometimes by individuals or groups.
Determine form the followings if it pertains more to private or public actions in terms Of property rights and legal protections.
a. Legal mechanisms
b. Theft or blackmail
c. Bribery
d. Organizational plan/ protection money
e. Corruption
f. Weak legal system
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Determine which of the following statements about merchandise is correct.
Based on the available options and the concept of merchandise in the business world, the correct statement is that Merchandise is acquired for resale to customers.
What is Merchandise?Merchandise is a term that is used to describe the things that can be bought or sold, like the product that's for sale at your local record shop, or the commodity sold by sidewalk vendors in a big city.
Generally, there are various types of merchandise which include the following:
product, visual, retail, digital, and omnichannel.Hence, in this case, it is concluded that the correct answer is option D. "Merchandise is acquired for resale to customers."
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The available options to the question are:
A. Merchandise is acquired for use in the company, just like supplies.
B. Merchandise is considered an expense in the period it is purchased.
C. Merchandise is sold by customers.
D. Merchandise is acquired for resale to customers.
Companies generally design pension plans that are
O noncontributory.
O qualified.
O insured.
O contributory.
Option (d), Contributory pension schemes are typically created by businesses.
What year did the contributing pension plan start?A new pension plan referred to as the National Pension System (NPS) was established for Central Government employees; Notifications No. 5/7/2003-ECB & PR from of the Ministry of Finance's Department of Economic Affairs, dec. 22, 2003.
an arrangement for pension benefits in which both the employer and the employee make financial contributions: A contributing pension plan, a subsidised canteen, and free life insurance are examples of favorable working circumstances.
What is the contributory pension program's mission?Making sure that everyone who has served in Nigeria's public or private sectors, including independent contractors, receives their retirement benefits as they are due is the main objective of the CPS.
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What are 4 secondary consumers?
Fish, wolves, bears, and other animals are examples of secondary consumers.
What are the secondary consumers?Herbivores are the principal consumers (vegetarians). The secondary consumers are the animals that consume the primary consumers; they are carnivores (meat eaters). The secondary consumers are typically more substantial and small in number. All the way to the top of the food chain, this persists. In particular, omnivores and carnivores are heterotrophs that they are. All of a carnivore's food is other animals. Animals and vegetation are both consumed by omnivores. The term "secondary consumer" refers to small carnivores that prey mostly on herbivores. Think of frogs. Tertiary consumers are large carnivores that prey on secondary consumers, especially secondary consumers. Birds, for instance.
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Which describes an investor’s primary goal of buying a loan? a. to grow a business b. to earn a profit off the interestc. to bolster the economy d. to provide capital to a business
Earning a profit best describes an investor's primary goal. So option b. is correct. Investors use different financial instruments to earn a rate of return to accomplish financial goals and objectives.
Investment securities include stocks, bonds, mutual funds, derivatives, commodities, and real estate. Investors can be distinguished from traders in that investors take long-term strategic positions in companies or projects. Investors build portfolios either with an active orientation that tries to beat the benchmark index or a passive strategy that attempts to track an index. Investors may also be oriented toward either growth or value strategies.
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Answer:
to earn a profit off the interest
Explanation:
This is typically done by lending money to a borrower at a higher rate of interest than the investor is paying on their own borrowing or invested capital, with the hope of earning a positive return on their investment over time. The key motivation behind this type of investment is to generate a return that is greater than the cost of the funds used to make the investment, so that the investor can earn a profit.
A cash register is an
asset
O expense
O none of the above
Answer: a cash register is an asset.
Explanation:
A company sells cocoa powder in a cylindrical container that is 5 inches long with a circular base of diameter 4 inches. The company is planning to sell a family-size product that will use similar packaging scaled by a factor of 2.
The circumference of the original container is 12.57 inches.
The circumference of the original container is 12.57 inches less than the circumference of the new container.
What is the circumference of the cylinder?
The circumference of a cylinder is the distance Round the cylinder. It is the perimeter of the cylinder.
The circumference of a cylinder = πD
Where:
π = 22/7
D = diameter
The circumference of the original container = 22/7 x 4 = 12.57 inches
The circumference of the family-sized container =12.57 x 2 = 25.14 inches
Difference in the circumference = 25.14 - 12.57 = 12.57 inches
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How was Egypt before imperialism?
Egypt had been a free state for the previous 40 years; it was officially governed by the British government, but in reality it was free to choose its own leaders and follow its own religions.
The decline of culture, westernization, persistence of low levels of education, and lack of a health care system demonstrate the detrimental effects that early 20th-century imperialism had on Egypt. Egypt too lost a large deal of freedom and authority over its own nation as a result of imperialism.
Egypt became a protectorate of the British Empire, which meant that even while Egypt had its own government, the British continued to have significant influence over it. As a result, the British saw Egypt as being under their "protection."
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Drake follows through on everything he starts. It is clear that Drake values _____.
relationships
responsibility
courage
compassion
Answer is responsibility, got an 100% in edge
Answer:
responsibility yw have a great dayIs excess supply above equilibrium?
Excess supply occurs when the quantity of a good or service supplied is greater than the quantity demanded at the current market price, occuring above the equilibrium price of quantity supplied and quantity demanded.
the quantity supplied of a good or service that is above the quantity demanded at the current market price will results in a surplus of the good or service, and the market price will typically fall in order to entice buyers to purchase more of the good or service. In equilibrium, the quantity supplied and the quantity demanded are equal, and there is no excess supply or excess demand. Therefore, excess supply is above equilibrium as the market is not in balance and there is an oversupply of the good or service.
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To avoid having to take another examination, an agent who allows his license to lapse must reinstate the license within
In order to avoid re-examination, an agent whose license has expired must renew it until 12 months.
The required details for license in given paragraph
A license is official authorization or permission to make, use or do something (also as a document of this license or permit). A license is granted by one party (licensor) to another party (licensee) pursuant to an agreement between those parties. In the case of a state-issued license, the license is obtained by submitting an application. In the case of a private individual, this is based on a specific agreement, usually in writing (e.g. rental agreement or other). The simplest definition is "A license is a promise not to sue" because a license generally allows a licensed person to engage in illegal and punishable activities (e.g. fishing, driving, or operating a business) without a license radio or television). broadcaster) or allows the owner to do anything that would violate its rights (e.g., make a copy of a copyrighted work) that the party licensed without a license may be subject to civil, criminal, or both.
In particular, permission may be obtained from authorities to allow otherwise prohibited activities.
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Firms are motivated to minimize production costs because:
Firms are motivated to minimize production costs because reducing costs leads to increased profits.
The reason firms are motivated to minimize production costs?By minimizing production costs, firms can produce goods or services at a lower cost, allowing them to sell them at a lower price and still make a profit, or to increase the profit margin on each item sold.
Reducing production costs can make a firm more competitive in the market by allowing them to offer lower prices than competitors, increase market share, and improve their bottom line. Based on this firms are motivated to minimize production costs because it is essential for their financial stability and success.
Therefore reducing costs leads to increased profits.
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explain the role of participation as a key element of marketing.
The role of participation is a key element of marketing as many customers will participate in marketing activities when they think they will benefit. Contests, free samples, etc. are examples in which customers participate in marketing.
Participation marketing takes content marketing to the next level. It implicates initiating campaigns that are more practical so that customers can interact with brands more effectively. Experiences are crucial to today's consumers. Traditional advertising is not competent in working because consumers have become blind to it. Marketing to get consumers to participate, allows them to get the attention they demand while getting personal information that can help with their decision-making process.
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what is the best way for a certifying officer to prevent pecuniary liability?
By only certifying travel documents that are legal, proper, and correct.
How long before missed payment affect credit score?
The reporting date is at least 30 days after the payment due date, meaning it's possible to make up late payments before they wind up on credit reports. Some creditors don't report late payments until 60 days past due.
How long does late payments stay on credit report?Your credit report will reflect late payments for a maximum of seven years.
They can lower your credit score, although the impact lessens over time. However, not every late payment will appear in your payment history.
If you pay a credit card bill after the due date but before the due date, the card issuer may charge you a late fee; but, your credit won't be harmed.
If the payment is more than 30 days overdue, the situation changes.
Depending on how long your account was past due before you made a payment, the impact on your credit ratings in this situation varies.
A payment that is 60 days overdue will therefore cause additional damage.
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Cash dividends are initially recorded on which date?
Cash dividends are first noted on the declaration date.
Cash dividends are available where?The total dividend payment for the reporting period is visible to investors in the statement of cash flows' finance section. What amount of money is entering into or leaving a business is shown on the cash flow statement. If any dividends were paid during the period, the payment would be reported as a monetary use.
A cash dividend on a record date is defined as what?The record date is the last day about which stockholders may be paid distribution or dividend. Board of a corporation makes the decision.
How is a cash dividend documented?The business's cash accounts and retained earnings are adjusted to reflect this. Cash dividends are recorded as a decrease in the report of movements in shareholders' equity since the firm does not view them as expenses.
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