Under perfect competition, any profit-maximizing producer faces a market price equal to its Marginal cost.
A perfect competition, often referred to as an atomistic market, is defined by various idealizing criteria, which are together referred to as perfect competition, or atomistic competition, in economics, specifically general equilibrium theory.
Any business that seeks to maximize its profits must contend with a market price (P = MC) that is equal to its marginal cost. This suggests that the price of a factor is equal to its marginal revenue product. It enables the supply curve, on which the neoclassical approach is based, to be derived. A monopoly does not have a supply curve for the same reason. Except in very limited circumstances like monopolistic competition, the abandoning of price taking makes it extremely difficult to demonstrate an universal equilibrium.
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Across
3. Hamburger
5. The boss
7. Workers
9. Work performed for another person
10. Physical objects that are produced
10
Topic 1 Crossword
Complete the crossword below
Created using The TeachersCorner.net Crossword Puzzle Maker
Down
1. Using few resources than the economy is capable of using
2. The fundamental problem of economics
4. Natural resources used to produce goods and services
6. Using our resources to the maximum
Answer:
What question
Explanation: HUh
Studies have found a strong relationship between academic dishonesty and? financial success. future managerial downfall. later dishonesty at work. academic failure.
Studies have found a strong relationship between academic dishonesty and later dishonesty at work.
What is meant by academic dishonesty?This is the term that has to do with all acts that are geared towards engaging in and contributing to the acts that can be regarded as dishonest especially when it has to do with the teaching and the learning of materials and all that has to do with academic activities.
Hence we can say that studies have found a strong relationship between academic dishonesty and later dishonesty at work.
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A penetration tester is trying to extract employee information during the reconnaissance phase. what kinds of data is the tester collecting about the employees?
A penetration tester is trying to extract employee information during the reconnaissance phase, following kinds of data the tester collecting about the employees: Contact names, phone numbers, email addresses, fax numbers, and addresses.
Reconnaissance phase: Reconnaissance is the initial step in a penetration testing process. The tester acquires as much data as they can on the target system during this phase, including details about the user accounts, operating systems, and applications, as well as the network topology.
Penetration Testing: An authorized simulated attack is administrated on an automatic data processing system as a part of a penetration test (pen test) to assess its security. so as to spot and illustrate the financial effects of a system's vulnerabilities, penetration testers employ identical tools, strategies, and procedures as attackers. Its initial stage is Reconnaissance.
A penetration tester is trying to extract employee information during the reconnaissance phase, following kinds of data the tester collecting about the employees: Contact names, phone numbers, email addresses, fax numbers, and addresses.
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What is the best way to help students use materials successfully in learning centers?
The best way to help students demonstrate ways to use materials is when introducing them.
How can learning centers effectively support students in making effective use of the resources there?Create, share, and put procedures into action. The complicated choreography of different students, spaces, and materials that centers entail. Teachers are responsible for developing thorough procedures, explaining them to pupils, and giving them enough time to practice them until they become second nature.
The group with purpose: Centers give students the option to work independently, in groups of their choosing based on interests, or in mixed- or leveled-ability groups. All grouping choices must be deliberate and based on the character and goal of each activity.
Give students meaningful tasks: Centers activities in all subject areas should be engaging, difficult, and, whenever possible, give students a chance to practice skills in real-world contexts. This means that activities should assist students in making connections between their classroom learning and real-world situations or in forming practical habits of mind.
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The price of homes in a typical community will not have a normal distribution because _____
The price of homes in a typical community will not have a normal distribution because there are usually a few expensive homes that are far away from the rest of the data.
What is normal distribution?Normal distribution, can be described as the Gaussian distribution, which can be expressed as the probability distribution and this focus on the symmetric system of the mean.
Which help to display that the data near the mean are more frequent with respect to the occurrence compare to data that are far from the mean.
In conclusion , the Home prices are economic variables which can be seen as right-skewed distributions.
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A cash budget is a money management tool that helps you to? a. monitor and control your finances. b. implement a system of disciplined spending. c. ach
The cash budget is a money management tool that helps you to:
monitor and control your financesimplement a system of disciplined spendingachieve your long-term financial goalsWhat is a cash budget?In accounting, the cash budget refers to a company's estimation of cash inflows and outflows over a specific period of time. Most company use the cash budget to determine whether it has sufficient cash to continue operating over the given time frame because it also provide a company with insight into its cash needs and any surpluses which help it determine if the business is using cash effectively.
On a level, the cash budget are used to assess whether the entity has sufficient cash to continue operating over the given time frame, hence, the cash budget is a money management tool that helps you to monitor and control your finances, implement a system of disciplined spending and achieve your long-term financial goals
Therefore, the Option D is correct.
Missing options "a. monitor and control your finances. b. implement a system of disciplined spending. c. achieve your long-term financial goals. d. All of these."
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What serves as collateral in a repurchase agreement? multiple choice question. the security itself there is no collateral a bundle of mortgages gold
The security itself serves as collateral in a repurchase agreement.
Option A is correct
What is Repurchase Agreement ?
A short-term secured loan referred to as a repurchase agreement (repo) involves the sale of securities to a third party with an agreement to later repurchase those securities at a better price. The securities act as security. The interest paid on the loan, or repo rate, is that the difference between the securities' original purchase price and their repurchase price.
Reverse repurchase :
The exact opposite of a repo transaction is a reverse repurchase agreement (reverse repo). during a reverse repo, one party buys securities and promises to resell them for a profit at a later time, frequently as soon because the next day. Repo's are often overnight, although they will also be longer.
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Erosion will ______ the sales of existing products. multiple choice question. reduce increase
Erosion will Reduce the sales of existing products. When there is erosion, it means that there is a sales barrier. This is because if there is erosion it will interfere with the product distribution process.
Scientifically Definition or Understanding Erosion can be defined as an event, where various earth objects such as soil, rocks, and other objects experience erosion, whether it is caused by water, wind, ice, or rain. The occurrence of erosion or erosion is also inseparable from several other influences such as: gravity or due to the activities of living things (in this case animals). For erosion or erosion dominated by living things (animals) is known as bio-erosion.
The factors that cause erosion are:
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What two-word term describes when employees have online access to information about hr issues?
The two-word terminology which describes when employees have online access to information about HR issues is: self-service.
What is human resources management?Human resources management (HRM) can be defined as an art that involves process of effectively and efficiently managing, controlling and improving the functions, number of employees (labor force), and activities that are being done by a business firm.
What is self-service?Self-service (SS) can be defined as a human resources technology which avail employees an opportunity to have a direct online access to HR-related information and software, especially through the company's intranet or website portal.
In this context, we can reasonably infer and logically deduce that self-service is the two-word terminology which describes when employees have a direct online access to information about HR issues.
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Only one sales representative can go to the conference in hawaii, but both susan and sean want to go. after much discussion and arguing, they draw straws and susan gets the trip. this is an example of?
Only one sales representative can go to the conference in Hawaii, but both Susan and Sean want to go. after much discussion and arguing, they draw straws and Susan gets the trip. This is an example of a win-lose situation.
What is trip?
The term trip refers to the journey to the short period of time. The act of the traveled to the another place as the purpose of the enjoyed. The trip as the short period of the time as enjoyed.
The term of the win-lose situation refer to the person choices, but the loss of the choices. As the simply means to the one is gaining the situation and one is lost the situation. Susan gets the trip as the gain are win. But, the Sean are to lose the situation.
As a result, the trip go to the Susan as the case of win-lose situation.
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In the b2b space, many buying decisions are made purely on price. This is because when the product is an input to the buyer’s outputs, and is this a production cost, it affects the business’s profit. True or false?.
Many purchases in the business-to-business (B2B) sector are made solely based on pricing. This is due to the fact that when a product has a manufacturing expense and also an input to the buyer's outputs, it impacts the profitability of the company is a True Statement.
Electronic commerce (e-commerce) which is "business-to-business" (B2B) involves the exchange of goods, services, or information between businesses rather than between businesses and customers (B2C). A business-to-business transaction takes place between two organizations, such as wholesalers and internet merchants.
One business frequently sells components or supplies to another in a business-to-business transaction. A tire maker, for instance, may sell goods to a car manufacturer. Wholesalers that sell their goods to retailers who subsequently resell them to customers are another example.
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Of the shielding gases used for gtaw, ___ allows the deepest penetration.
Argon allows the deepest penetration
A non-consumable tungsten electrode is used in the gas tungsten arc welding (GTAW), sometimes referred to as tungsten inert gas (TIG) welding, to create the weld. An inert shielding gas protects the electrode and weld region from oxidation or other ambient contaminants (argon or helium). Although a filler metal is often utilized, certain welds, such as fusion welds or autogenous welds, do not. Heliarc welding is the process of welding with helium. Electrical energy is generated by a constant-current welding power source and is transferred across the arc by a plasma—a column of highly ionized gas and metal vapors.
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Alana decides to spend 2 hours working overtime rather than going shopping with her friends. she earns $11 per hour for overtime work. her opportunity cost of working is:_______
Her opportunity cost is the enjoyment she would have received from going shopping.
What is her opportunity cost?Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity cost is also known as intrinsic cost. Economic agents should choose to minimise their opportunity cost.
By deciding to work overtime, she would not be able to go shopping with her friends. Shopping with her friends is the next best opportunity that is forgone. Thus, the enjoyment she would have received from going shopping is her opportunity cost.
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Measuring, managing, and analyzing the success of the find your park marketing campaign is an example of?
Measuring, managing, and analyzing the success of the Find Your Park Marketing campaign is an example of marketing research.
Marketing is the pastime, set of establishments, and approaches for developing, communicating, handing over, and exchanging offerings that have prices for customers, clients, partners, and society at huge.
The marketing and marketing idea is preoccupied with the idea of fulfilling the desires of the patron via the product as a way to the client's trouble (wishes). The marketing idea represents the fundamental alternate in state-of-the-art agency orientation that gives the foundation to obtain aggressive benefits.
The importance of advertising for your enterprise is that it makes the clients aware of your products or services, engages them, and enables them to make shopping selections. furthermore, an advertising and marketing plan, part of your business plan helps in developing and keeping call for, relevance, popularity, competition, etc.
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The most rigorous means of analyzing the profit potential within a specific industry is to conduct?
The most rigorous means of analyzing the profit potential within a specific industry is to conduct an industry analysis. Option A
This is further explained below.
What is industry analysis?Generally, market research investigates not only the attractiveness of a certain market but also the dynamics of that market within a specific sector.
This is what is included in the investigation. It is a part of the investigation into the business sector, and therefore, the investigation into the state of the environment on a global scale.
Utilizing each of these unique approaches to risk analysis allows for the determination of the possible benefits, drawbacks, opportunities, and threats that are associated with the organization.
In conclusion, Conducting an industry analysis is the method that provides the most accurate assessment of the possibility of making a profit within a certain industry.
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complete question
The most rigorous means of analyzing the profit potential within a specific industry is to conduct ______.
Multiple choice question.
an industry analysis
an industry PET scan
a market analysis
a PESTEL analysis
What does the demand curve in the graph above tell you about how consumer behavior changes if Beth’s Bagels raises the price from $.25 to $1.50?
Group of answer choices
Quantity demanded decreases
Demand shifts to the right.
Demand shifts to the left.
Quantity demanded increases.
if Beth’s Bagels raises the price from $.25 to $1.50 the quantity demanded decreases. (first option)
What happens if price increases?The demand curve is a curve that shows the relationship between the price of a good and the quantity demanded of the good. On the graph of the demand curve, price is on the y-axis and quantity demanded is on the x-axis.
The demand curve slopes downward. This means that as price increases, the quantity demanded decreases and when price decreases, the quantity demanded increases.
This means that when Beth's bagels increase the price of bagels, the quantity demanded would decreases from 40 units to 10 units. If price decreased instead from $1.25 to $1, quantity demanded would increase from 10 units to 20 units.
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If a firm has a lot of net cash flow, does that mean the firm’s balance sheet cash account must be high?.
No, If a firm has a lot of net cash flow, does that mean the firm’s balance sheet cash account must be high.
What does net cash flow tell you?
Net cash flow is the gain or loss in money over a time period (after all debts have been paid). A company is said to have positive cash flow if, after paying all of its operational expenses, it still has cash left over.What increases a firm's cash balance?
Companies can boost their cash flow through increasing revenue, collecting past-due bills, controlling expenses, and engaging in financing and investing operations.
What is the difference between net cash flow and cash balance?
The cash balance difference between two successive time periods is the net cash flow when utilizing a balance sheet. The net cash flow from operating, investing, and financing transactions is calculated by adding up all of the revenues and outlays for a certain time period and showing it on the cash flow statement.Learn more about net cash flow
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Paul pierce is busy working with other managers evaluating the products and businesses making up their company. paul is engaged in ________.
Paul Pierce is occupied assessing the firms and items that make up their corporation alongside other management. Paul is analyzing his Portfolio Analysis.
Portfolio Analysis is one of the areas of investment management that allows market participants to analyze and assess the performance of a portfolio (equities, bonds, alternative investments, etc.) with the goal of measuring performance on a relative and absolute basis, as well as its associated risks, and also measures how likely it is of meeting the goals and objectives of a given investment mandate. A corporation that sells a variety of goods and services must perform a portfolio analysis on a regular basis. This entails examining each product independently in terms of its profitability, contribution to revenue, and room for expansion. The identification of items that are not at all lucrative or perform poorly within the group is made easier by this study.
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A capital budgeting method that takes into consideration the time value of money is the?
A capital budgeting method that takes into consideration the time value of money is the internal rate of return method.
What is capital budgeting?
A technique for calculating the financial feasibility of a capital investment over its lifetime is capital budgeting. Capital budgeting, in contrast to several other forms of investment analysis, places more emphasis on cash flows than profits.
Therefore,
A capital budgeting method that takes into consideration the time value of money is the internal rate of return method.
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________ management is the art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value.
The art and science of selecting target markets and acquiring, retaining, and attracting customers through the creation, provision, and dissemination of greater customer value is referred to as marketing management.
Market opportunity identification is done by marketing management, which then develops suitable strategies for profitably pursuing those opportunities. It must put a marketing strategy into place and continually assess the efficiency of the marketing mix. It needs to fix the issues with how marketing plans, policies, and procedures are really carried out. It takes care of the company's marketing system. Marketing management streamlines the transfer of ownership of goods and services from seller to buyer. Like all other disciplines of management, marketing management entails the duties of planning, organizing, directing, coordinating, and managing.
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What is the most difficult step in performing a total landed cost or total cost of ownership analysis?
The most difficult step is completing a total landed cost or total price of ownership analysis.
How do total landed costs vary from the total cost of ownership?Total landed cost (TLC) is a cost that contains the cost of your basic ingredient along with all the costs associated with getting that ingredient to your location. Your total price of ownership (TCO) contains your TLC plus all costs associated with owning the product such as proper storage and prep costs.
The organization will be looking for the price to change its own structure. The organization will be looking for these costs to be recovered over time.
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Since optimization is used to analyze people's choices and help them improve the outcomes of their choices, its:_____
Since optimization is used to analyze people's choices and help them improve the outcomes of their choices, its both normative and positive.
What is optimization?
Making a trading system more efficient through optimization entails changing the technical analysis variables. By lowering specific transaction costs or risks or by focusing on assets with higher expected returns, a trading system can be made more efficient.
The process of refining a portfolio, algorithm, or trading system in order to minimize costs or boost efficiency is known as optimization.
Reduced risks, higher predicted returns, or a change in rebalancing frequency can all be used to improve portfolios.
Optimization is a continuous and ongoing activity because markets and rules change frequently.
To adapt to shifting market conditions and lower the likelihood of programming errors, trading algorithms require ongoing optimization.
There is a risk of over-optimization because maximizing one component can entail minimizing other others.
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What factors made the difference between success and failure of the cisco erp project?
The success and failure of the Cisco ERP project depended on the resources that the top management and board of Cisco dedicated to the project. If monetary resources were few then the success of planning and implementation would have affected the success.
Cisco Systems, Inc. (commonly known as Cisco) is a US-based multinational technology company headquartered in San Jose, California. Cisco designs manufacture and markets network hardware, software, communications equipment, and other high-tech services and products.
Definition: A product is an item offered for sale. Products are services or items. It can be in physical or virtual or cyber forms. All products are made at a price and sold at a price. The price that can be calculated depends on the market, quality, marketing, and target segment. A product is an item or service that you sell to satisfy a customer's needs or desires. they are physical or virtual. Physical products include durable goods (such as cars, furniture, and computers) and consumables (such as food and beverages).
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If a broker is representing a buyer-client, he or she must negotiate on behalf of the:________
If a broker is representing a buyer-client, he or she must negotiate on behalf of the: buyer
Who is called a buyer in marketing?
Buyers are the very crucial in the market whichever the activities are performed in the market , they are performed for their satisfaction. It is very critical aspects of the market. A person or an institution that buys goods or service is called buyer.
What are buyer characteristics?
The buyer's characteristics influence how the buyer reacts to the given changes. After, the buyer's decision process itself takes place and may changes the buyer's behaviour. Consumer behaviour regarding buying things is affected by cultural, social, personal and psychological characteristics.
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An increase in productivity as a result of a new technology would cause the production possibilities frontier to:________
An increase in productivity as a result of a new technology would cause the production possibilities frontier to shift outward.
What is the production possibilities frontier?The production possibilities frontier is a graph that depicts the various combination of two goods a company can produce when all its resources are fully utilised.
When a company produces on the production possibilities frontier, it is producing efficiently. When a company produces inside the production possibilities frontier, the firm is inefficient in its production. A company cannot produce outside the production possibilities frontier given its level of resources and technologies.
The production possibilities frontier is concave to the origin. This reflects the opportunity cost involved in production. As more of one good is produced, less of the other good would have to be produced. This is because the resources with which to carry out production are available in limited quantities.
Factors that cause the production possibilities frontier to shift outward include:
1. technological advancement
2. increase in available resources.
3. increase in the labour force.
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On may 12, 2011, it cost u.s. $.04 to buy one russian ruble. how many russian rubles would u.s. $1 buy?
One dollar can buy 25 Russian rubles.
What is the Russian ruble?The currency of the Russian Federation is known as the ruble.The ruble is the second-oldest national currency still in use after the British pound, having been in use since the 13th century.Given that Russia is one of the leading exporters of both oil and natural gas, the value of the ruble tends to fluctuate with the international oil prices.It is given that it costs $ 0.04 to buy 1 Russian ruble.
$ 0.04 = 1 Russian ruble
$ 1 / $ 0.04 = Amount of Russian ruble
25 = Amount of Russian ruble
Amount of Russian ruble that could be bought with $ 1 is 25.
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Publishers view books as one more product in the entertainment business.
true/ false
Publishers view books as one more outcome in the entertainment business. true.
What is the product of the entertainment industry?The media and entertainment enterprise consists of film, television, radio, and print. These segments contain movies, TV shows, radio shows, news, melody, newspapers, magazines, and textbooks.
What is an entertainment business?Entertainment Business represents the current businesses of the Entertainment Group, including the business of advertising and producing, and operating the venues for, live amusement events, including music concerts, theatrical concerts, and specialized motor sports, as well as sports illustration.
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If an investor can use accounting information for two different companies to evaluate the types and amounts of expenses, the information is said to have the quality of:______
Still, the information is said to have the quality of the community, If an investor can use counting information for two different companies to estimate the types and quantities of charges.
Community: is the degree of standardization of account data that enables the comparison of the fiscal accounts of several enterprises. The druggies of fiscal statements demand this, which is an abecedarian demand of fiscal reporting
If an investor can use accounting information for two different companies to evaluate the types and amounts of expenses, the information is said to have the quality of Comparability.
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Suppose you borrow $10,000 right now to start a business. if the terms of the loan require you to pay back $12,000 in 5 years, what is the implied annual compound interest rate?
Assume you borrow $10,000 proper now to start a business. if the phrases of the mortgage require you to pay returned $12,000 in 5 years, the implied annual compound interest rate: is 3. seventy one%
Implied annual compound interest charge = (future value / initial fee)^1/periods - 1
implied annual compound hobby price = (12,000 / 10,000)^1/five - 1
implied annual compound interest rate = (1.2)^1/5 - 1
implied annual compound interest fee = 1.0371 - 1
implied annual compound interest rate = 0.0371 or 3.seventy one%
Compound interest is the addition of a hobby to the predominant sum of a mortgage or deposit, or in other words, hobby on primary plus interest.
Compound interest is when you earn interest on each of the money you've stored and the interest you earn. So let's say you invest $1,000 (you're foremost) and it earns 5 percent (hobby rate or earnings) once a year (the compounding frequency).
The month-to-month compound interest system is used to discover the compound interest per month. The system of the monthly compound hobby is CI = P(1 + (r/12) )12t - P where, P is the major amount, r is the hobby fee in decimal form, and t is the time.
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To use the _____ method, a company must maintain records of inventory and purchases at cost and at current selling price.
To use the retail inventory method, a company must maintain records of inventory and purchases at cost and at current selling price.
What is the Retail Inventory Method?
The retail inventory method is a method of accounting used to analyse the value of a store's merchandise. The retail method gives the ending inventory balance for a store by calculating the cost of inventory similar to the price of the merchandise.
What are benefits of the retail inventory method and how is it applied?
The main benefits of the retail inventory method lies in its simplicity. It's a quick calculation that can give you an probable of how much inventory you have. This can help you in taking decisions when it comes to purchasing and budgeting.
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