(a) What is the difference between explicit and implicit costs? Does zero economic profit mean a farmer is earning no money? Why or why not? [5] (b) Explain the relationship between marginal physical product (MPP) and total physical product (TPP) using a classical production function in agricultural production. Illustrate and clearly explain the 3 stages of production. [15] (c) Consider a farmer's production function for maize given as: Y=10+5x-0,2x²; where Y-output (kg/ha) and X-Input (fertilizer kg/ha) (i) Distinguish MPP and APP and derive their functions [2.5] Distinguish between average MPP and exact APP [2.5] ii)

Answers

Answer 1

Average MPP is the average of all the MPPs up to a certain level of input, while exact APP is the actual output per unit of input at a certain level of input. Exact APP is more precise and accurate, while average MPP is more general.

Explicit costs are those expenses that are clearly defined and recorded, such as wages, rent, or supplies. Implicit costs are the costs of the entrepreneur’s own resources, including their time and foregone opportunities. A farmer earning zero economic profit is still earning money; however, they are not making any profit. Economic profit considers both explicit and implicit costs, while accounting profit only considers explicit costs. (150 words)(b) The marginal physical product (MPP) and the total physical product (TPP) are both important in agricultural production. The TPP is the total amount of output produced, while the MPP is the additional output that results from an additional input.

The relationship between the two is crucial, and the MPP can be used to determine when additional inputs are no longer effective.The three stages of production are as follows:Stage 1: Increasing Returns to Scale. In this stage, the MPP is increasing, indicating that additional inputs are producing more output.Stage 2: Diminishing Returns to Scale. In this stage, the MPP is decreasing, indicating that additional inputs are producing less output.Stage 3: Negative Returns to Scale. In this stage, the MPP is negative, indicating that additional inputs are actually reducing output.(150 words)(c) MPP refers to the additional output produced by each additional unit of input, while APP refers to the average output per unit of input. The MPP function is derived by taking the derivative of the TPP function. The APP function is derived by dividing the TPP by the input.Both average MPP and exact APP are measures of productivity, but they are different. Average MPP is the average of all the MPPs up to a certain level of input, while exact APP is the actual output per unit of input at a certain level of input. Exact APP is more precise and accurate, while average MPP is more general.

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Related Questions

Helen is a part of a formal group made up of interdependent individuals responsible for
achieving company goals. This is known as an)

Answers

Answer:

work team

Explanation:

From the question, we are informed about Helen who was a part of a formal group made up of interdependent individuals responsible for achieving company goals. In this case , This is known as an work team.Work teams are regarded as groups of employees which put hands together in order to accomplish some tasks. They are usually efficient when different skills are needed to complete some task.

What is Entrepreneurship?


Quickly advancing in positions within a corporation.

Acquiring leadership and managerial skills.


Setting up a business with the aim to make a profit.


Marketing and selling products.

Answers

Answer:

Setting up a business with the aim to make a profit.

Explanation:

-Hope this helps!

PLS MARK ME BRAINLIEST

Setting up a business with the aim to make a profit is Entrepreneurship. Hence, option C is correct.

What is Entrepreneurship?

A person who decides to take the risk of starting a new firm is called an entrepreneur. The combination of labour and capital to produce goods or services for profit is called entrepreneurship.

Entrepreneurs take on the risk of trying something new. The process of founding and managing a new business while taking measured risks in the corporate world is at the heart of the definition of entrepreneurship. In other words, it pertains to the capacity to design, organize.

By creating new products and services, they promote new employment, which eventually speeds up economic growth. Therefore, it is necessary to adopt public policies that encourage and support entrepreneurship.

Thus, option C is correct.

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Students in a school-to-work program have the opportunity to participate in all of the following except:

Answers

Students in a school-to-work program have the opportunity to participate in all of the following except: D.dual enrollment courses.

What is dual enrollment courses?

Dual enrollment courses can be defined as those courses that are college courses but which are available for high schools student to partake of. One of the advantage of this course is that it gives high school student the opportunity to have an  Associate degree.

Students in a school-to-work program have the opportunity to participate in:

Internships.Job shadows.Apprenticeships

Therefore the correct option is D.

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The complete question is:

Students in a school-to-work program have the opportunity to participate in all of the following except:

A.internships.

B.job shadows.

C.apprenticeships.

D.dual enrollment courses.

state three
function of warehousing​

Answers

Answer:

-Storage

-Financing

-Price Stabilization

-Time utility

Explanation:

Given the following, compute the standard cost per widget. Direct materials per unit 4 pounds Direct material cost $1.25 per pound Direct labor per unit 1.5 hours Direct labor rate $10.00 per hour Variable overhead rate $4.00 per hour Multiple choice question. $11.00 $21.00 $26.00 $20.00

Answers

The standard cost per widget if Direct materials per unit 4 pounds and Direct material cost $1.25 per pound is: $26.00.

Standard cost per weight

Using this formula

Standard cost per weight=Materials+ Labor+ Overhead

Let plug in the formula

Standard cost per weight= (4 pounds × $1.25) + (1.5 hours × $10.00) +(1.5 hours × $4.00)
Standard cost per weight=$5+$15+$6

Standard cost per weight=$26

Therefore the standard cost per widget if Direct materials per unit 4 pounds and Direct material cost $1.25 per pound is: $26.00.

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what method of financing do entrepreneurs often use when they are first developing their business idea?

Answers

Self-funding, also known as bootstrapping, is an powerful way of startup financing, in particular when you are just beginning your commercial enterprise.




First-time marketers regularly have trouble getting investment without first showing a few traction and a plan for capacity achievement. you may make investments out of your personal financial savings or can get your circle of relatives and friends to contribute. this may be smooth to elevate due to less formalities/compliances, plus much less fees of raising. In maximum situations, circle of relatives and friends are flexible with the interest fee.Self-funding or bootstrapping should be considered as a first funding option because of its blessings. when you have your personal money, you are tied to enterprise. On a later level, buyers don't forget this as a good point.


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What is the profitable moving average in November 2013, including four months prior and four months after? O $8,553 O $8,256 O $8,441 O $7,501

Answers

The profitable moving average in November 2013, including four months prior and four months after was $8,441 .

A moving average is a technique to get an overall idea of the trends in a data set; it is an average of any subset of numbers. It is a popular method used by stock market analysts to identify trends in the stock market and forecast where the stocks are headed .

Excel 2013 has a powerful add-in, the Data Analysis Toolpak, that gives you many extra options, including an automated moving average function . It not only calculates the moving average for you, it also graphs the original data at the same time, saving you quite a lot of keystrokes .

Moving averages are usually plotted and are best visualized. To calculate a moving average in Excel, you first need to type your data into two columns and then calculate the first three-year average (2003-2005) for the data. The answer to the question is $8,441 .

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what learning options can i take part in during high school?​

Answers

Depends on what you mean by learning options in my school I am currently taking classes such as Forensic, Intro to business, Marketing, Sociology, British and world lit., Geometry. It depends on what grade you are in and if your school is k-12 then your more likely to have these types of classes with students ranging from 9-12 grade. I hope this helped!

when, using a perpetual inventory system to enter to journalize the cost of gold sold is

Answers

Answer:

silver

Explanation:

because the whing u use with gold is silver

essay on trade unions and labor restrictions​

Answers

Answer:

A trade union is an association of workers from certain professions for the purpose of promoting common interests related to their work. The work of trade unions is thus usually about work-related issues such as wages, job security, leisure time, but also about things like education and job titles where applicable. Trade unions negotiate wages and conditions with employers in wage agreements they make on behalf of their unions. Thus, these unions seek to maximize the rights of workers in their work spaces, trying to ensure that employers respect the rights of their employees without restriction of any kind.

Can anybody help me please? :)

According to O*NET, what is the most common level of education required for Nursery and Greenhouse Managers?


master’s degree

bachelor’s degree

associate degree

high school diploma or equivalent

Answers

Answer:

bachleor's degree

Explanation:

hope this helped

it’s B

i hope it helps

the sum of individual supply curves added together reflect the supply curve added together reflects the

Answers

the sum of individual supply curves added together reflect the supply curve added together reflects the Market supply.

The entire amount of an item or service that all producers are willing to offer within a specific time period at the current set of relative prices is known as the market supply. Unless otherwise specified, the term "Supply" refers to Market Supply.

The total quantity of a product that producers are willing and able to sell over a specific time period, such as one month, at various prices, is known as the market supply. A market supply curve, according to the industry, is the horizontal addition of the supply curves for every single firm. An industry's supply will migrate outward in response to the introduction of new companies, as well as in response to advancements in producer-accessible technology across the board.

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What type(s) of compensation may be included in a human resource compensation system?

A. Indirect financial compensation

B. Non-Financial Compensation


C. Financial Compensation


D. Financial and non-financial compensation

Answers

C. Financial compensation

briefly explain historic cost and fair value acounting​

Answers

historic cost accounting records assets and liabilities at their original cost, while fair value accounting reflects their current market value. Both methods have their advantages and limitations, and the choice depends on the specific needs and objectives of the company or organization.

Historic Cost Accounting:
1. Definition: Historic cost accounting is a method where financial assets and liabilities are recorded at their original cost when acquired or issued.
2. Consistency: This method provides consistency as it is based on the actual amounts paid or received rather than market fluctuations.
3. Depreciation: Over time, assets may depreciate or amortize, and historic cost accounting reflects these adjustments in financial statements.
4. Limitations: The major limitation of this method is that it does not reflect the current market value, making it less useful for decision-making in certain situations.
Fair Value Accounting:
1. Definition: Fair value accounting is a method where financial assets and liabilities are recorded at their current market value, which can change over time.
2. Market-driven: This method is more market-driven as it reflects the current value of assets and liabilities, making it useful for decision-making.
3. Gains and Losses: Fair value accounting recognizes unrealized gains and losses, which are changes in value that have not yet been realized through a transaction.
4. Limitations: The major limitation of this method is that it can introduce volatility in financial statements due to fluctuations in market prices.

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assume that john's marginal tax rate is 37 percent. if a city of austin bond pays 5.7 percent interest, what interest rate would a corporate bond have to offer for john to be indifferent between the two bonds?

Answers

If a city of Austin bond pays 6 percent interest, the interest rate would a corporate bond have to offer for John to be indifferent between the two bonds is 37.00 percent.

What are corporate bonds used for?

Private and public corporations can both issue corporate bonds as debt securities. Businesses sell corporate bonds to obtain money for a range of projects, including the construction of new facilities, the purchase of machinery, or expanding their businesses. Corporate bonds are debt obligations that businesses issue to finance capital expenditures, business growth, debt refinancing, or acquisitions.

The phrase is typically used to describe debt securities with a longer maturity of at least one year. These investments provide a higher level of principal security than stocks and bond funds because of the requirement to pay a particular sum at maturity. The value of equities, bond funds, and individual bonds can all change over time.

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Select all that apply.
Which of the following would be considered full-time work?
hours
33 hours
9 G 8C it
45 hours
51 hours

Answers

Pretty sure a full time job is 45 hours
Answer:

45 hours;

51 hours;

40 hours.

The answer choices given, as listed above, would be considered "full-time work

Hope this helps (:

Carlos worked 40 hours last week. His hourly rate is $9.14. What did he earn last week

Answers

Answer:

367.2

Explanation:

IM NOT SURE IF ITS CORRECT

Answer:

365.6

Explanation:

9.14 X 40

Select the correct answer.
Ahmed has been running a laundry service in his neighborhood for the past eight years. He picks up soiled clothes and delivers washed and ironed clothes at the customers’ doorsteps. A transporter who offers to pick and deliver customer clothes at a cheaper rate than his current transporter approaches him for a business deal. What do you think Ahmed should do in such a case?
A.
immediately discontinue services of the current transport person
B.
continue the services of the current transport person forever
C.
delay the payments of the current transport person so that he willingly discontinues his services
D.
wait until the contract with the current transport person ends before using the new transport person

Answers

Answer:

D) wait until the contract has ended

Compute the AMT exemption for the following taxpayers. Click here to access the exemption table. Bristol, who is single, has AMTI of $132,800. His AMT exemption is $ . ( )

Answers

For tax year 2023, AMT exemption amount are as follows: Single, Head of Household: $73,600. Married Filing Jointly, Qualifying Widow(er): $114,900. Married Filing Separately: $57,450. Information that Bristol is single or has AMTI of $132,800, his AMT exemption would be $73,600.

The term "amount" generally refers to numerical values or quantities associated with specific items, transactions, or calculations. It represents the numerical aspect of something, often indicating the magnitude, size, or quantity of a particular element. Amounts can be expressed in various units, such as currency, measurements, percentages, or counts. They are used in financial statements, invoices, reports, and other contexts to represent values of money, quantities of goods or services, balances, expenses, revenues, or any other measurable aspect relevant to a particular situation or calculation.

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List 7 types of media's with notes about them. Or less.​

Answers

Answer:

good

Explanation:

Print Media (Newspapers, Magazines)

Broadcast Media (TV, Radio)

Outdoor or Out of Home (OOH) Media.

Internet.

When you are saving or investing, the amount of expected return you receive is based on this:
O Risk Level
O Time
O None of the answers are correct
O Interest

Answers

It is Based on The Risk Level.

A network externality is the effect that an additional user of a good or participant in an activity has on the value of that good or activity for others. a direct effect on an economic decision maker. an indirect effect on an economic decision maker. an uncompensated effect on someone other than the person who caused it.

Answers

Answer:

I don’t know

Explanation:

I don’t know

Which investment is better stocks, bonds, or mutual funds and why?

Answers

\(\text{Hello There!}\)

\(\bold{Stocks}\) \(\text{is the act of putting money in a business and expecting to make a profit.}\)

\(\bold{Bonds}\) \(\text{are more of a safe to invest in, however, you cannot sell them for 12 months.}\)

\(\bold{Mutual\;Funds}\) \(\text{ is the act of investing in securities with other investors}\)

  Mutual Funds can be a good option if you're okay with the lack of investment decisions; however, people often lose money due to the risk of securities going down in value.

  \({\underline{\underline{{Stocks}}}\) are going to be your best option for short-term investments.

   \({\underline{\underline{{Bonds}}}\) are going to be your best option for long-term investments.

 \({\underline{\underline{{Mutual\;Funds}}}\) are going to be your best option for investing in bigger stocks.

\(\boxed{There\;isn't\;a\;"best"\;option;\;it\;depends\;on\;what\;you\;prefer.}\)

\(\rule{300}{1.0}\)

Guys I love cricket and my favourite ipl team is KKR​

Answers

Answer:

same pinch ☺️☺️..............

Same lol

^^ have a good day

What were the two primary opportunities for women in europe during the middle ages?.

Answers

Work and Education were the two primary opportunities for women in Europe during the middle ages.

What is primary?First or highest place or importance. A major goal in  his life. First in each row, sequence, etc. in order. first in time. earliest; primitive; Principal Use means the principal or primary use of property, building, or structure. Primary  or primary education is usually the first level of formal education after preschool/kindergarten and before secondary school. Primary education takes place in elementary school, elementary school, or primary  and secondary school, depending on  location. The International Standard Classification of Education considers primary education to be a single-stage programme, and programs are typically designed to provide basic reading, writing and mathematics skills and provide a solid foundation for learning . This is ISCED Level 1: The first level of primary or  basic education.

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Sergei’s boss has very strong opinions and often frowns upon questions from the team. This creates an environment where everyone just agrees with the boss decisions without questioning them

Answers

Knowing and comprehending each team member's opinions personality type will enable you to assign tasks in a way that best suits their interests and passions.

By doing this, you will raise team morale and productivity to their highest levels. Therefore, I always let my manager know when I'm having an issue. I jot out a list of my annoyances. I request a meeting with my employer opinions and explain these issues in detail. I want to be sure I'm not coming out as rude or sounding like I'm making any accusations against my supervisor. Good staff knowledge results in higher output and results.

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on january 1, 2022, woodstock, inc. purchased a machine costing $40,000. woodstock also paid $1,000 for transportation and installation. the expected useful life of the machine is 6 years and the residual value is $5,000. how much is the annual depreciation expense assuming use of the straight-line depreciation method?
a. $6,100.
b. $6,000.
c. $5,950.
d. $5,750.

Answers

The annual depreciation expense assuming the use of the straight-line depreciation method is $6,000. Option B.

Calculation:

Annual depreciation under SLM:

= (Asset cost-Salvage value) + Useful life of the asset

= ($40,000+$1,000 - $5,000)/6

= $36,000/6

= $6,000

Residual value, also called residual value, is the estimated value of an item of property, plant, and equipment at the end of the lease term or useful life. In a leasing situation, the lessor uses the residual value as one of the primary ways to determine how much the lessee will pay in regular lease payments. Residual value is one of the components of a lease calculation or transaction.

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if a company defaults on a loan, the organization that granted the loan may be able to seize the assets of the company.
true or false

Answers

This is indeed true

A firm's product-market screening criteria for evaluating existing plans and possible new opportunities should consider:________

Answers

A firm's product-market screening criteria for evaluating existing plans and possible new opportunities should consider;

A set of product-market screening criteria.should analyze the firm's resources  that is, strengths and weaknesses.Should analyze the environmental trends the firm faces.It should also analyze the objectives of top management.

Market Screening is the process of discovering relevant information about a tradable asset in order to determine a fair price for the asset.

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Choose a company in which you are interested, and obtain its most recent annual report online at the company's website. Click on Investor Relations, then, select Annual Report or SEC Form 10-K. (Hint: When performing a search, use "company name investor relations" to avoid the customer-oriented home page.) 1. Identify the company by writing a summary that includes the following elements: - Name of the chief executive officer - Location of the home office - Ending date of latest fiscal year * Description of the company's principal products or services - Main geographic area of activity - Name of the company's independent accountants (auditors). In your own words, explain what the accountants said about the company's financial statements. 2. Identify the company's four financial statements. What differences, if any, do you see in the titles given to the statements as compared to those used in the chapter? Trace the interrelationships of the statements. 3. Show that the accounting equation (Assets = Liabilities + Stockholders' Equity) is

Answers

One feasible non-tech organization that you may choose is Shake Shack, which is a quick-informal eating place chain that serves burgers, fries, shakes, and different gadgets.

1. Summary of the employer:

- The leader government officer is Randy Garutti.

- The home workplace is positioned in New York, New York, United States.

- The ending date of the brand-new financial year is December 30, 2022.

- The enterprise's major services or products are burgers, hen sandwiches, hot dogs, crinkle-reduce fries, frozen custard, shakes, beer, wine, and other drinks.

- The main geographic area of activity is the US, with 201 domestic Shacks and 163 certified Shacks in 15 countries and 71 cities across the world as of December 30, 2022.

- The agency's unbiased accountants (auditors) are Ernst & Young LLP. In their own words, they stated that the company's economic statements "present pretty, in all cloth respects, the economic function of Shake Shack Inc. And its subsidiaries as of December 30, 2022, and December 25, 2021, and the consequences in their operations and their coins flow for each of the 3 years in the duration ended December 30, 2022, in conformity with U.S.

Commonly universal accounting concepts". In different phrases, they expressed an unqualified opinion that the enterprise's economic statements are reliable and accurate.

2. The employer's 4 monetary statements are:

Consolidated Statements of Income, which show the sales, costs, and net income or loss for a time period. Consolidated Balance Sheets, which show the property, liabilities, and stockholders' equity at a factor in time. Consolidated Statements of Comprehensive Income, which show the modifications in different comprehensive earnings or losses, such as foreign money translation modifications and unrealized profits or losses on investments. Consolidated Statements of Cash Flows, which display the assets and make use of cash from working, investing, and financing sports.

The titles given to the statements are much like those used inside the bankruptcy, except that the word "consolidated" is added to signify that the statements encompass the consequences of all of the subsidiaries that Shake Shack controls.

The interrelationships of the statements are as follows:

The internet profits or losses from the consolidated statements of income are added to the start retained income to get the ending retained earnings on the consolidated stability sheets.

The different comprehensive profits or loss from the consolidated statements of comprehensive earnings is brought to the start accrued other comprehensive earnings (loss) to get the finishing collected different complete earnings (loss) at the consolidated stability sheets.

The finishing retained profits and amassed different complete income (loss) are part of the full stockholders' equity in the consolidated stability sheets.

- The exchange in cash and cash equivalents from the consolidated statements of coins flows is identical to the distinction between the start and finishing cash and coins equivalents on the consolidated balance sheets.

3. To show that the accounting equation (Assets = Liabilities + Stockholders' Equity) is real for Shake Shack Inc., we are able to use the amounts from the consolidated balance sheets as of December 30, 2022:

Assets = $1.021 billion

Liabilities = $0.671 billion

Stockholders' Equity = $0.350 billion

Assets = Liabilities + Stockholders' Equity

$1.021 billion = $0.671 billion + $0.350 billion

$1.021 billion = $1.021 billion

Therefore, the accounting equation is genuine for Shake Shack Inc.

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What feature of baroque music was no longer used in the music of the classical period What are the 3 processes that result in genetic recombination? I hello I need help below To what temperature must a 2.65 L container filled with 4.47 g of Ar be heated in order to obtain a pressure of 1.24 atm? Find the distance between (-3, -5) and (9,-10) How does the brain respond whenmedications stimulate it to makedopamine? Ahed fortune in a gambling casino has 54 different slots in which the wheel pointer can stop, Four of the 54 slots contain the number 9. For $1 bet on hitting a 9, Wher the succeeds, the gambler wins $9 plus return of the $1 bet. What is the picted value of this gambling game? I need help for a question 6 I need help I need help 5w = -75 its for my math homework XYZ Software employed three different salespeople last year. Person 1earned $4700 in the first quarter, Person 2 earned $19,800 in the first quarter,and Person 3 earned $6500 in the first quarter. What are the maximum FUTAdeductions for the first quarter?OA. $291.40OB. $1227.60C. $403.00D. $1128.40 please help:)) just some vocabulary The Whole Person Approach to testing means:a. Sometimes to be prepared sufficiently for a major exam, everything else in your life has to come to a stop.b. It is essential to compartmentalize things in your life so you can be sufficiently prepared for a upcoming major exam.c. Taking care of your health, asking for help when needed and trying to see how everything in your life fits together is a sustainable approach.d. All of the above.e. None of the above. Which of the following techniques would a lobbyist be likely to use to influence legislation in Congress?I. Organize a demonstration in Washington just before a key House voteII. Ensure that the corporation's political action committee makes donations to the campaigns ofmembers of key committeesIII. Meet informally with Senate aides over lunch or cocktailsIV. Bring influential constituents to Washington to discuss important policy matters with theirRepresentativesA. I onlyB. II onlyC. II, II, and IV onlyD. I, II, and III onlyE. I, II, III, and IV one writing strategy for the story of an uncomfortable bed harry is a citizen of the united kingdom. he works in the united states because the uk-based company he works for has a facility in toledo, ohio. harry is an example of a(n) blank______. A concept map for four types of intermolecular forces and a certain type of bond is shown.An ellipse is shown. Inside the ellipse is written Are ions present. An arrow from the right side of the ellipse has Yes written on it and points to another ellipse. This ellipse has Are polar molecules present written inside it. This ellipse has two arrows coming out of it. One arrow has Yes written on it and leads to a rectangular box that has D written inside it. The second arrow has No written on it and leads to a rectangular box that has E written inside it. An arrow from the left of the topmost ellipse has No written on it and leads to an ellipse that has Are molecules with permanent dipoles present Written on it. An arrow that has No written on it, points from this ellipse towards a rectangle that has A written inside it. An arrow that has Yes written on it, points from this ellipse towards another ellipse that has Is H atom bonded to F, O, or N atom Written on it. This ellipse also has two arrows coming from it. The arrow with Yes written on it leads to a rectangle that has C written on it and the arrow that has No written on it leads to a rectangle that has B written inside it.Which of the following correctly identifies the intermolecular force represented by D and compares its strength relative to the intermolecular force represented by C? D represents ion-dipole forces, which are weaker than the force represented by C. D represents hydrogen bonding, which is weaker than the force represented by C. D represents ion-dipole forces, which are stronger than the force represented by C. D represents hydrogen bonding, which is stronger than the force represented by C. For which function and interval can the extreme value theorem be applied?O f(x) =(x-6)over the interval [3, 5)-5f(x) =2(x-7)3over the interval (6,8)f(x) = 4 tan(Ttx) over the interval [0, 1]f(x) = 3e' + 1 over the interval (1,3) which amino acid is least likely to participate in acid-base catalysis? histidine lysine aspartate tyrosine which of the following actions is not a step a person would take to prepare for a career in marketing research?A) acquire computer and Internet skillsB) obtain any type of work experienceC) take courses in statistics and quantitative methodsD) acquire effective written and verbal communication skillsE) think creatively in 1947, outgoing colonial rulers of india split the subcontinent into two states based on the distribution of raw materials and infrastructure.