'A salesperson with farming orientation tends to focus more on selling to existing customers by building long-term relationships.
Seller is the plural form of seller, a person whose business is to sell products or services. A less common plural form of cellar is cellar. Another term for a salesperson is salesperson (or sales person).
Seller is a person who sells goods or services. An example of a seller is someone who sells cars. salesman. A person engaged in the sale of goods or services.
A great salesperson should offer customers more than an inspiring sales pitch. He is an enthusiastic and resilient person who understands the needs of his customers, shows empathy and takes the time to sell his products with confidence.
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When a company employs statistical tools to reduce the likelihood of a product recall, this best represents what type of decision?
Quality best represents to reduce the likelihood of a product recall
There are many different statistical tools available, some of which are straightforward, some complex, and many of which are quite specialized for certain uses. Comparing data, or groups of data, in analytical activity is the most crucial common procedure for calculating accuracy (bias) and precision. Fortunately, much of the information required in routine laboratory work can be acquired using a few easy-to-use statistical tools: the "t-test," the "F-test," and regression analysis. As a result, examples of these will be provided in the following pages. Clearly, statistics are a tool, not a goal, and a skilled and committed analyst may find simple data examination, without statistical treatment, to be just as beneficial as statistical numbers on their desk.
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The rise in the importance of accountability and producing measurable results has led marketers to become less reliant on television advertising and shift funds to?
The rise in the importance of accountability and producing measurable results has led marketers to become less reliant on television advertising and shift funds to alternative communication venues and methods.
A brand extension is when a corporation uses one in every of its established brand names on a brand new product or new product category. It's sometimes referred to as brand accountability stretching. The strategy behind a brand extension is to use the company's already established brand equity to assist it launch its newest product.
With some exceptions, products need some variety of packaging to cut back the danger of injury, breakage, or spoilage, and to extend the issue of stealing small products. a package also is an in-store advertisement that produces the merchandise attractive, displays the brand, and identifies features and benefits.
Second screen advertising builds on the growing trend of multi-tasking, which is commonly a blending of accountability entertainment and shopping. Direct procurement. the acquisition of products and services accustomed to creating the merchandise or service provided to end-users.
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If a nation has gdp of $12,500 billion and gdp per capita of $62,500, what is the nation's population?
A comparative understanding of economic prosperity and global economic advancements can be gained by analyzing GDP per capita on a global scale.
$12,500,000,000/$62,500 = 200,000,000
What Is the GDP Per Capita?
A country's economic output is broken down by its per-capita gross domestic product (GDP), which is derived by dividing the GDP by the population.
By dividing a country's GDP by its population, the per capita GDP may be used to measure a nation's economic production per person.
Economists use it along with GDP to examine a country's prosperity based on its economic growth. It is a global indicator of a country's level of prosperity. It is frequently evaluated alongside GDP, enabling economists to compare the productivity of different nations. The analysis of the global per capita GDP offers information on the health and trends of the world economy. The greatest per capita GDPs are typically found in small, wealthy countries and more advanced industrialized nations.
The per capita calculation takes into account both GDP and population. Therefore, the highest GDP per capita may or may not be found in the highest GDP countries.
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Okra was $13. 00 per bushel in 2015, and 1. 5 million bushels were sold. Okra was $14. 00 per bushel in 2016, and 2. 0 million bushels were sold. "if in both cases the okra market was in equilibrium, this must be an example of an exception to the law of demand. True or false?.
The above statement is false.
According to the given question, there is an increase in the equilibrium price (P) and quantity (Q) of okra from 2015 to 2016. As we all know, when the quantity demanded (QD) decreases along the demand curve, the price also decreases. When non-price factors like income and climate change improve, the demand curve shifts to the right.
So, the rightward shift of the demand curve for okra will raise the equilibrium price (P) and quantity (Q) of okra if all other factors including supply (SS) remain constant. Hence, the law of demand will not be violated.
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The value that real estate appraisers generally estimate is market value which is synonymous to?
The value that real estate appraisers generally estimate is a market value which is synonymous with the most probable selling price.
The selling price of a good or service is the final cost to the seller or what the buyer actually pays. A commodity or service in a specific amount, weight, or measurement can be exchanged.
The selling price is one of the most crucial things for a business to decide. It is significant since it determines whether or not it will survive. Its price directly impacts sales of a product. That price might be set at a minimum, maximum, or average of the two.
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Consumer and producer surplus measure the _____ benefit rather than the _____ benefit.
Consumer and producer surplus measure the net benefit rather than the total benefit.
What is consumer and producer surplus?Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
When consumer surplus is shown on the demand curve, it is a triangular area between the price of the good and the highest amount consumers are willing to pay for the good.
Consumer surplus = willingness to pay – price of the good
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
When consumer surplus is added to producer surplus, the result is total surplus
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Londa corporation pays employees $3,000 for the month. what is the effect on the balance sheet equation? (select all that apply.)
Londa corporation pays employees $3,000 for the month. Effect on the balance sheet equation will be decrease owners' equity and decrease assets.
The most fundamental and elementary aspect of accounting is the balance sheet equation or accounting equation. The foundation of the entire double entry accounting system is the balance sheet equation. This is how the balance sheet equation appears. Liabilities plus equity equal an asset.
The balance sheet equation, in its simplest version, displays the assets, liabilities, and ownership interest of a company. The company's assets are the first factor in the calculation. These are the assets, such as cash, receivables, and fixed assets, that the business will need in the future.
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A person who executes orders to buy and sell securities on behalf of his or her clients on the floor of the nyse is called a:_____.
A person who executes orders to buy and sell securities on behalf of his or her clients on the floor of the nyse is called a floor broker.
Floor brokers are employees of member firms who execute trades on the exchange floor on behalf of the firm's clients.
A specialist is a person who is a member of a stock exchange, such as the New York Stock Exchange (NYSE), whose role is to facilitate trading in certain stocks.
Specialists must make a market in the stock they trade by displaying their best bid and ask prices to the market during trading hours.
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A beekeeper decides to locate her business on a plot of land that is between an apple orchard and an elementary school. a negative externality that can result is?
A beekeeper decides to locate her business on a plot of land that is between an apple orchard and an elementary school. a negative externality that can result is the possibility of the bees stinging the students at the school.
because this is impacting other for the benefit of the one.Stings from bees are a frequent outdoor annoyance. Most of the time, bee stings are only uncomfortable, and home remedies will enough to reduce the discomfort. However, if you are allergic to bee stings or if you are bitten repeatedly, you might experience a more severe response that needs emergency care.Bee stings can cause a variety of responses, from minor pain and discomfort to life-threatening allergic reactions. If you have one kind of reaction, it doesn't always follow that you'll experience another similar one or that it will be more severe the next time you are stung.To know more about bee stings visit:
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Scala naturae was consistent with which other account of organismal formation and diversity?
Scala naturae was consistent with The Old Testament.
What is Scala Naturae ?In order to organize everything in the natural world, both living things and non-living things, Aristotle created the Scala Naturae ("Natural Ladder"). In his Scala Naturae, Aristotle depicted a continuum between "lower" and "higher" kinds of substance.
The species cannot move around on the ladder since everything has its place. This suggests that species are unchangeable.
Humans are the only species that can reason logically, according to Aristotle, who placed them above all other species. Plants and minerals cannot move, although both humans and animals can. Minerals cannot develop and reproduce like people, animals, or plants can.
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Please help
starbright industries which manufactures radiators has recently begun doing business in japan. its executives make a deal to export a shipment of a new type of radiator to japan once the product exits the production stage. the shipment will be worth one billion yen or approximately $9.4 million us dollars.
how does this situation show the difficulty that may be posed by implementing an international set of standards?
The situation shows why it is difficult to implement an international set of standards because different countries might have different standards they adhere to.
Why is it hard to implement an international set of standards?Countries have differing sets of standards based on the prevailing situations in their nations. When they produce goods and services, they will go by those standards. Those standards can sometimes also give them an advantage over other nations which is probably why Starbright Industries is able to sell radiators in Japan.
If an international set of standards is proposed, some nations might kick against it because they want to maintain their competitive edge. Other nations might not be able to afford to meet the new standards and so will protest as well.
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In the product markets of the circular flow model, businesses provide goods and services to the ____________ sector in exchange for consumption spending (or revenues).
In the product markets of the circular flow model, businesses provide goods and services to the household sector in exchange for consumption spending (or revenues).
The circular flow model shows the interaction between two groups of economic decision-makers—households and businesses—and two sorts of economic markets—the marketplace for resources and also the marketplace for goods and services.
In economics, a circular flow model may be a diagram that's accustomed to represent the monetary revenues transactions in an economy. There are two flows present within the model including flow of physical things (goods or labor) and flow of cash (what pays for physical things).
Thus, there aren't any taxes, savings, or investments that are related to other sectors. Four sector model studies the circular flow in an open economy which comprises the household sector, business, government sector, and foreign sector. It is defined because the flow of payments and receipts for goods, services, and factor services between the households and therefore the firm sectors of the economy.
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It is estimated the national cost of overweight and obesity combined each year is:________
It is estimated the national cost of overweight and obesity combined each year is 113 billion dollars
What are Obesity and overweight?
According to the definition of obesity and overweight in the United States, these conditions are characterized by an increase in the size and number of fat cells in the body. Many things contribute to becoming overweight or obese, including habits including eating habits, lack of sleep or exercise, some medications, genetics, and family history.
Obesity is a long-term medical condition that increases the risk of heart disease, the number one killer in the US, and is associated with a wide range of other health issues, for example type 2 diabetes and cancer.
In the US, about a third of adults (20 and older) are either overweight or obese. Between the ages of 2 and 19, over 1 in 5 kids and teens are obese.
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Which settlement option pays a stated amount to an annuitant but no residual value to a beneficiary?
Although a life income settlement option has no residual value for the recipient, it pays the annuity a specified sum.
A life annuity is another name for a life income settlement. For the duration of your beneficiary's life, you can convert the death benefit into the set, recurring payments from an annuity. Based on the beneficiary's anticipated lifetime and the death benefit amount, the insurer guarantees a yearly annuity amount. The life income settlement type offers a continuous flow of payments up to the beneficiary's demise. Although a life annuity is a dependable source of income, there are disadvantages. Your beneficiary might not be able to switch to a different settlement style if you ask for a life-only settlement.
The main goal of the settlement option is to provide the insured with consistent income streams. After the policy's maturity, the insured receives a consistent stream of money from the insurer under the settlement option.
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A pay structure in which more efficient workers earn higher wages, as suggested by frederick w. taylor, is known as a(n) ________ system.group of answer choices
A pay structure in which more efficient workers earn higher wages, as suggested by Frederick w. Taylor, is known as a Differential Rate system.
What are wages?A wage is a payment made to employees for the time they put in working for their employer. Always depending on a specific period of time, wages are paid. On an hourly basis, typically. This is the origin of the phrase hourly worker. Salary and commissions are some more types of payment.
Pay for lower-level employees is determined by the number of hours worked. To record the number of hours worked each week, this personnel typically use a time sheet or time card. To keep track of hourly employee hours, the majority of modern firms use computerized systems.
To enter their hours worked, employees must log in and out of the system. Then, this personnel are paid either once a week or once every other week, depending on the state. If an hourly worker works more than 40 hours per week, they must be compensated for overtime.
In contrast to salaries, commissions are permissible for workers who are paid wages. Payment for a certain action is known as a commission. The sales sector is where commissions are most frequently encountered. When making sales, salespeople and saleswomen are frequently given a base salary as well as a commission.
Thus, This is a strategy used by businesses to motivate their sales employees to perform better on the sales floor while still paying them a low salary.
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Complete Question
A pay structure in which more efficient workers earn higher wages, as suggested by Frederick W. Taylor, is known as a(n) _____ system.
A. scale
B. increasing wage
C. differential rate
D. wide wage
E. merited pay
Which type of innovation encourages employees to use their talents in innovative ways?'
The type of innovation where employees are encouraged to use their talents in innovative ways is Structure innovation.
What is structure innovation?
Structure innovation is a type of innovation where the focus is on those who make up the structure of a company - the employees.
Here the employees are viewed as the best way to make a company more effective and efficient and so they are encouraged to use the talents they have, in creative ways that will give the company an edge.
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The funds provided by common stockholders that consist of common stock, paid-in capital, and retained earnings are referred to as the firm's:______.
The funds provided by common stockholders that consist of common stock, paid-in capital, and retained earnings are referred to as the firm's Net Worth.
What is paid in the capital?
Paid-in capital is the amount that businesses get from stockholders in exchange for their shares. A significant component of a company's entire equity is this. Either preferred stock or the common stock may be used as paid-in capital. These monies are only obtained through the issuer's direct sales of shares to investors; they are not derived from any operating activities or from the sale of stock on the secondary market to other investors.
Paid-in capital does not include earnings from continuing business operations; it only includes money earned from the sale of stock.
If a company decides to repurchase shares from its owners, the balance in paid-in capital may be reduced; this can either be done directly in the account or it can be recorded in a contra equity account that is linked with and offsets the paid-in capital account.
Thus, the investor's money is called Net Worth.
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Which of the following describe the purpose of the Conceptual Framework? A. It prescribes the nature, function, and limits of financial accounting and reporting.
B. It provides structure and direction to financial accounting and reporting.
C. It sets forth the underlying concepts of accounting that guide the selection of events to be accounted for the measurement of those events, and the means of summarizing and communicating them to interested parties.
D. It summaries U.S. accounting standards.
The conceptual Framework prescribes the nature, function, and limits of financial accounting and reporting. It provides structure and direction to financial accounting and reporting.
What is Financial Accounting?Financial accounting is a particular discipline of accounting that deals with the process of documenting, compiling, and presenting the numerous transactions resulting from corporate operations throughout time.
Financial statements, such as the balance sheet, income statement, and cash flow statement, which track the business' operating performance over a given time period, are prepared using a summary of these activities.
Both the public and private sectors offer job prospects for financial accountants. The responsibilities of a financial accountant may differ from those of a general accountant, who works for himself or herself instead of directly for a business or organization.
The conceptual framework sets forth the underlying concepts of accounting that guide the selection of events to be accounted for the measurement of those events, and the means of summarizing and communicating them to interested parties.
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Determining which tasks must be performed to attain organizational goals is part of which management function?
Choosing the tasks that must be completed in order to achieve organizational goals, stating their requirements, and specifying when they must be completed are all part of planning.
Setting goals and choosing a course of action to achieve them are both part of the management task of planning. Managers must foresee future situations and be aware of the current environmental factors affecting their firm.
Planning, organizing, leading, and controlling are the four widely acknowledged management functions that include these essential skills. Henri Fayol originally identified five parts that made up management.
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It is useful to examine the company valuation process from both an internal and an external perspective. the value of a company is affected by three groups of factors:________
the value of a company is affected by three groups of factors Investor Factor
What Is Valuation?
Valuation is the analytical process of considering the current (or projected) worth of an asset or a company. There are various techniques used for doing a valuation. An analyst placing a value on a company seeks at the business's management, the composition of its capital structure, the wellness of future earnings, and the market value of its goods , among other metrics.
What is investment factoring?
Factor investing is an investment approach that involves focusing specific drivers of return across goods classes. There are two main types of factors: macroeconomic and style. Investing in factors can help to modify portfolio outcomes, it deducts volatility and improve diversification.
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In the context of making a change in clinical practice in an organization, what is a stakeholder?.
In the context of making a change in clinical practice in an organization. A stakeholder is a person whose work will be affected by the change of practice.
A party with an interest in a company and the capacity to influence or be impacted by it is referred to as a stakeholder. The principal stakeholders in a typical corporation are its investors, employees, clients, and suppliers.
There are several reasons why stakeholders are important. They are important to internal stakeholders since the company's operations depend on their ability to work together to achieve the company's goals.
External stakeholders, on the other hand, might have a tangential effect on the business. Customers, suppliers, and governments all have the power to change their buying habits as well as how their products are produced and distributed. It goes without saying that maintaining relationships with internal and external stakeholders is the key to a company's long-term success.
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The features of a product or service that most, if not all, customers prefer are called_________blank.
We, consumers, favor products or services that perform well or prefer the "performance attributes" of what we want to consume. This feature is most, if not all, customers prefer.
The dimension of the utility function for the customer is the performance attributes of a product, good or service. Performance quality, attributes and characteristics distinguish the goods or services from those of rival brands or businesses, which the buyer may find to be very important.
If we ask a firm what their product or service is to be given and we can relate to its features or performance characteristics, the strategic activities correspond to the performance attributes subcomponent of the market utility function.
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A company reports an increase in retained earnings of $2.8 billion and dividends of $2.0 billion. what is the amount of net income?
Amount of net income of Company is = Increase in retained earnings + dividend paid when company reports an increase in retained earnings of $2.8 billion and dividends of $2.0 billion .
= $2.8 billion + $2.0 billion
= $4.8 billion
What is Net Income of a company ?
The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income.
Net income in company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid. Net income is the amount that a person keeps after paying taxes, health insurance premiums, and retirement contributions. For financial health to be evident, net income should ideally exceed expenses.
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Cdo tranches are? i all rated aaa ii rated based on the credit quality of the underlying mortgages iii can be backed by sub-prime mortgages iv cannot be backed by sub-prime mortgages
CDO tranches are rated based on the credit quality of the underlying mortgages and can be backed by subprime mortgages.
A particular variety of structured asset-backed security is a collateralized debt obligation. After 2002, CDOs changed from being instruments for the corporate debt markets to being used to refinance mortgage-backed securities. The tranches that make up the CDO are "sliced" into groups that "catch" the cash flow of interest and principal payments in ascending order according to seniority. The lowest, most "junior" tranches suffer losses first in the event that some loans go into default and the cash collected by the CDO is insufficient to pay all of its investors. The cash flows from the assortment of assets that make up a CDO are all combined. This payment pool is divided into rated tranches. Additionally, each tranche has a stated or perceived debt rating. Credit ratings are given to debt and credit products.
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Which three parts of the external environment affect amazon's competitive actions and responses?
The three parts of the external environment affect amazon's competitive actions and responses are:
Generalindustry competitorWhat are competitive actions?A competitive action can be described as the strategic or tactical action which is been used by a firm to build or defend its competitive advantages so as to be able to improve its market position.
It should be noted that in doing this the external environment must be taken into consideration, and this external components are been listed above.
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The most significant financial document provided by a governmental entity is:______.
s. the balance sheet.
b. the operating statement.
c. the operating budget.
d. the cash flow statement.
Operating Budget is the most significant financial document provided by a governmental entity. Thus, the correct answer for the question is letter c.
The most important financial report given by a governmental body is the operating budget since the importance of the budget in the governing process is the key characteristic that sets governmental entities apart from the commercial ones.
Balance sheet and cash flow statement are the significant financial documents provided by private entities.
Governments must provide operational budget documents (not operating statement) and access to external financial reports that enable people to compare actual results to the budget, assess the financial health of the government, and assess its efficiency and effectiveness.
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The lowest level of management, which usually has the most people to manage, is called _____ management.
The lowest level of management, which usually has the most people to manage, is called the Supervisory level of management.
What is the Supervisory Level of management?The first level of management is supervisory, front-line, or first-line management. It also goes by the name of supervisory management. They are in direct contact with the workers since they are "on the line."
Of the three layers, lower-level management is the lowest.
They guarantee the consistency of the workers' continued jobs.
The Keep's daily management.For their team, they plan their careers.feedback on the performance of their staff.They are in charge of supervising each employee's day-to-day tasks and giving them instructions for their work.First-line managers devote practically all of their attention to organizational internal problems. They are the first to notice issues with how the firm is run, such as uneducated workers, subpar materials, and broken machinery.
Thus, Supervisory management is the lowest level of management.
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High tax rates tend to: _______
a. reduce the amount of money created by the government.
b. discourage entrepreneurship.
c. promote economic development.
d. make a nation's currency tradable
High tax rates tend to b. discourage entrepreneurship. By doing this, people will prefer to be employees rather than business owners. This is because the risk owned by the business owner becomes very large. So we have to protect it by giving lower taxes than an employee.
A tax is a legally required contribution to the state that is owing by a person or an organization; it is coercive in nature and is used to fund the state's needs for the greatest prosperity of its citizens. The regulatory functions include: Taxes can be used to curb inflation. Taxes can be used as a tool to encourage and increase export activities, such as a tax on export of goods. Taxes can provide protection for domestically produced goods, such as VAT.
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A benefit that is sought by an interest group and that once achieved cannot be denied to a nonmember is called a ________. group of answer choices
The correct option is (B) Collective good.
A benefit that is sought by an interest group and that once achieved cannot be denied to nonmembers is called a collective good.
What is the meaning of collective good?A good or service that is provided to all members of a society is referred to in economics as a public good, also known as a social good or collective good. These services are typically provided by governments, and taxes are used to cover all of their costs. The rule of law, national defense, and law enforcement are a few examples of public goods.
Public goods are significant because they are intended to be accessible to the broader public and have particular characteristics that prohibit some individuals or groups from being unable to use them.
What is the public goods theory?The goal of the public goods theory is to explain why the private sector of the economy cannot supply public goods effectively, leading to market failures that imply the need for government intervention in the production of those products.
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The complete question is:
“A benefit that is sought by an interest group and that once achieved cannot be denied to a nonmember is called a ________. group of answer choices
(A) Free rider
(B) collective good
(C) solidary benefit
(D) purposive benefit”
Economists reason that the optimal decision is to continue any activity up to the point where the.
Economics studies consumer behavior in markets. A market is a gathering of consumers and providers of a good or service, as well as the structure or arrangement through which they engage in commerce. Three key presumptions about how people interact in marketplaces are made by economists. First, people are logical beings. It follows that both buyers and sellers employ all available information to further their objectives. Second, economic incentives influence how people behave.
Third, the best choices are made on the edge. The additional advantages and costs of a decision are referred to as the marginal benefit and marginal cost. According to economists, continuing any activity until the marginal benefit (or MB) equals the marginal cost is the best or optimal decision (MC). We can write MB = MC in symbols.
Government intervention in the economy in the United States and other market economies increased dramatically as a result of the Great Depression's high unemployment and corporate bankruptcy rates. Some government initiatives aim to increase the incomes of the underprivileged, the sickly, and the elderly. Government action has increased in recent years to support social objectives like environmental protection and the advancement of civil rights. Most economists contend that the United States and other countries have mixed economies rather than market economies because of the growing involvement of government in market economies.
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