Cost minimisation MedM, Inc. uses capital and labour to produce high quality medical equipment. The various combinations of hours of capital use (K) and hours of labour use (L) needed for production are described by the following production function: q = f(K, L) = √K + √L. V (In the unlikely case that your computer cannot read the expression above properly, here it is again: q = f(K,L) = {sqrt(K)+sqrt (L)}/18. Note that the corresponding isoquants have typical, downward-sloping, convex shape. The company can rent capital for $40 dollars per hour and hire all the workers it wants at $20 dollars per hour. a) [5 points] What are the cost minimising capital and labour inputs for MedM, Inc. in order to produce q units of output? Illustrate on a graph with an isoquant and isocosts. Put labour on a horizontal axis. b) [2 points] Derive an expression for the output expansion path and draw the path on a graph with isoquants and isocosts. c) [3 points] Given you answer to a), find the long run cost function CLR(q). Calculate the corresponding marginal cost function MCLR(q). Sketch cost and marginal cost functions on separate graphs.
Answers
The production function is given as q = f(K, L) = {sqrt(K)+sqrt (L)}/18. MedM, Inc. is using capital and labour to produce high-quality medical equipment. The cost of capital per hour is $40.The cost of labour per hour is $20.Therefore, the total cost (TC) equation is given as: TC = wL + rKK = Capital and L = Labour. MedM, Inc. has to minimize its costs to produce q units of output.
To minimize costs, the company can use the equation: Marginal rate of technical substitution (MRTS) = (-MP_L) / MP_K. Also, MRTS = (w/r)Therefore, (-MP_L) / MP_K = (w/r)(-MP_L) / (1/2sqrt(L)) = (20/40)MP_K / (1/2sqrt(K)) = (1/2sqrt(L)/2sqrt(K))K/L = 1. The cost-minimizing labor and capital are given by: K* = q^2/16L* = q^2/16. The isoquant is drawn below: The budget equation is given as wL + rK = C. Substituting K* and L* into the budget equation: wL* + rK* = C(20)(q^2/16) + (40)(q^2/16) = C5q^2 = C. The iso cost line is drawn below
(b) The output expansion path is the curve that represents the cost-minimizing combination of labour and capital for different levels of output. It is obtained by taking the cost-minimizing combination of capital and labour for different levels of output. The output expansion path is given by: K* = (1/2)(q^2)/L*L* = (1/2)(q^2)/K. The output expansion path is shown below: The isoquants and iso cost line are also shown.
(c) The long-run cost function is the lowest cost at which the firm can produce a given level of output, q. The long-run cost function, CLR(q), is given by: CLR(q) = min {wL + rK}. Subject to the constraint: f(K, L) = q .Substituting the production function, f(K, L), into the cost function, we get: CLR(q) = wL* + rK*CLR(q) = (20)(q^2/16) + (40)(q^2/16)CLR(q) = 3q^2. The marginal cost function is the rate of change of the long-run cost function with respect to output, q. Marginal cost function, MCLR(q), is given by: MCLR(q) = d(CLR(q))/dq MCLR(q) = d(3q^2)/dq MCLR(q) = 6q.
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Related Questions
Which is an example of E-commerce? A. Hot dog stand B. Cable company C. Online boutique D. Car wash
Answers
An example of an E-commerce is an online boutique.
What is E-commerce?
E-commerce is a business that exists online. For example, if a person establishes sells items on a website or on a social media platform, the person is operating an e-commerce. An example of an e-commerce business is ASOS.
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what is networking why is useful when looking for a job
Answers
Answer:
Career networking involves using personal, professional, academic or familial contacts to assist with a job search, achieve career goals, learn more about your field, or another field you'd like to work in. Networking can be a good way to hear about job opportunities or get in at a company you'd like to work with.
Explanation:
Networking can be a good way to hear about job opportunities or get in at a company you'd like to work with.
..................................................................................................................................................................................................is ......................................................................................................................................................................... anyone here
Answers
Answer:
yuh :)
Explanation:
models of competitive markets are helpful in understanding real-world markets. to help you to better understand competitive markets, it is important to understand economic efficiency. sort the descriptions below into whether they are characteristics of productive or allocative efficiency.
Answers
Productive efficiency focuses on the cost of production while allocative efficiency focuses on the distribution of the products.
In economics, the efficiency or productivity of a business is classified into two types:
Productive efficiency.Allocative efficiency.These two types of efficiency focus on different aspects of production and selling goods and services.
Productive efficiency: This type implies producing goods at the lowest cost possible. This means:
Avoiding unnecessary costs.Controlling costs when the number of units increases.Allocative efficiency: This type implies selling or allocating the products in society. This means:
Considering the maximum amount the customer can pay for a product (marginal benefit).Making the cost of production equal to the marginal benefit.Note: This question is incomplete because the statements that need to be classified are not provided; due to this, I answered the question based on general knowledge.
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You and four other team members attend a seminar on conflict. The seminar costs $150 per person. You will need to drive two cars to the seminar, and make a 100-mile round trip from your office. If two drivers are reimbursed 37.5 cents per mile, what is the cost for the seminar?
Answers
Answer: $825
Explanation:
Total seminar cost for the team;
= 150 * 5 people
= $750
Two cars need to be driven the 100-mile round trip at 37.5 cents per mile.
= 2 * 100 * 37.5
= 7,500 cents
= $75
Cost of Seminar = 750 + 75 = $825
Which is an accurate comparison of corporate income taxes and individual income taxes? Corporate income taxes are just about equal to individual income taxes. Corporate income taxes are less than a quarter of individual income taxes. Corporate income taxes are over twice as much as individual income taxes. Corporate income taxes are approximately 50 percent of individual income taxes.
Answers
Answer:
Corporate income taxes are approximately 50 percent of individual income taxes.
Explanation:
In the United States, corporate income tax rates have a flat rate of 21%, meaning that all corporations, regardless of profits, pay the same rate.
Individual income taxes, on the other hand, are progressive, meaning that the rates are different depending on income: the higher the income, the higher the individual income tax rate. However, the highest marginal rate is 37%, which is approxiametly twice as much as the flat corporate rate of 21%.
Suppose that the real Gross Domestic Product (GDP) growth rate for a country was 5 percent and the population growth rate was 4 percent. What would the per capital real Gross Domestic Product (GDP) growth rate be for this country
Answers
The per capital real Gross Domestic Product (GDP) growth rate be for this country is 1%.
The per capita real Gross Domestic Product (GDP) growth rate is an essential indicator to understand a country's economic performance relative to its population growth. In this scenario, the real GDP growth rate is 5 percent, and the population growth rate is 4 percent.
To calculate the per capita real GDP growth rate, we use the formula:
Per capita real GDP growth rate = Real GDP growth rate - Population growth rate
Plugging in the given values:
Per capita real GDP growth rate = 5% - 4% = 1%
Therefore, the per capita real GDP growth rate for this country is 1 percent. This means that, on average, the income and living standards are improving marginally in this country, taking into account population growth.
A positive per capita real GDP growth rate indicates that the economy is growing faster than the population, but in this case, the difference is minimal. As a result, this country may face challenges in providing sufficient resources and opportunities for its population.
In summary, the per capita real GDP growth rate of 1 percent reveals that the country's economic growth is only slightly outpacing its population growth. While this suggests some improvement in living standards, it may not be enough to create significant progress in terms of economic prosperity and resource allocation.
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Subodh is a wholesaler of A4 Photocopy Paper. He purchases paper in bulk quantities, which enables the manufacturer to take advantage of economies of scale. Subodh purchases paper from manufacturers on cash basis and sometimes even give advance money for bulk orders. As Subodh is in direct contact with the retailers, he keeps informing the manufacturer about the changes in customers' preferences, market conditions, etc. Identify the 'Services of Wholesalers to Manufacturers being provided by Subodh by quoting lines from the given case.
Answers
Answer: The services provided by Subodh are 1. Facilitating large-scale production, 2. Collection of market information.
Explanation:
1. Facilitating large-scale production: Wholesalers cheaply purchase goods in bulk from manufacturers, enabling the manufacturer to take advantage of the economies of scale."He purchases paper in bulk quantities, which enables the manufacturer to take advantage of economies of scale."
2. Collection of market information: Retailers buy goods from wholesalers for sale to customers, so Wholesalers are in direct contact with the retailers who tell them the customers` changing preferences, prevailing market conditions, and demand for goods by the customers. This helps manufacturers to produce goods according to the growing demand of the customers and thus stay relevant in the market.
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what is business negotiation
Answers
Answer:
A Business Negotiation is a process between two or more parties (each with its own aims, needs, and viewpoints) seeking to discover a common ground and reach an Agreement to settle a matter of mutual concern, resolve a conflict and exchange value.
Explanation:
hope it helps ^^
the following information is available for lock-tite company, which produces special-order security products and uses a job order costing system. prepare the journal entry to allocate (close) overapplied or underapplied overhead to cost of goods sold.
Answers
The journal entry to allocate (close) overapplied or underapplied overhead to cost of goods sold involves debiting or crediting the appropriate accounts based on the amount of overapplied or underapplied overhead.
In a job order costing system, overhead costs are allocated to individual jobs based on a predetermined overhead rate. However, at the end of a period, it is possible for the actual overhead costs incurred to differ from the allocated overhead costs. This results in either overapplied or underapplied overhead.
To close the overapplied or underapplied overhead to the cost of goods sold, the following journal entry is typically made:
1. If overhead is overapplied:
Debit Cost of Goods Sold
Credit Overapplied Overhead
This entry reduces the overapplied overhead and increases the cost of goods sold, effectively adjusting for the excess allocation of overhead.
2. If overhead is underapplied:
Debit Underapplied Overhead
Credit Cost of Goods Sold
This entry increases the underapplied overhead and reduces the cost of goods sold, adjusting for the shortfall in the allocation of overhead.
By making these journal entries, the overapplied or underapplied overhead is closed and appropriately adjusted in the cost of goods sold account.
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which of the following statements is correct? a. one advantage of the npv over the mirr method is that npv takes account of cash flows over a project's full life whereas mirr does not. b. one advantage of the npv over the mirr method is that npv discounts cash flows whereas the mirr is based on undiscounted cash flows. c. one advantage of the npv over the irr is that npv takes account of cash flows over a project's full life whereas irr does not. d. since cash flows under the irr and mirr are both discounted at the same rate (the cost of capital), these two methods always rank mutually exclusive projects in the same order. e. one advantage of the npv over the irr is that npv assumes that cash flows will be reinvested at the cost of capital, whereas irr assumes that cash flows are reinvested at the irr. the npv assumption is generally more appropriate.
Answers
One advantage of NPV over MIRR is that it considers cash flows throughout the course of a project's whole life, whereas MIRR does not.
One benefit of NPV over IRR is that NPV considers cash flows throughout the course of a project's whole life, whereas IRR does not. The fact that the NPV assumes cash flows will be reinvested at the WACC rather than the IRR, which assumes that cash flows are reinvested at the IRR, is one advantage of NPV over IRR.
In general, the NPV assumption is more appropriate. These two approaches always rank projects that are mutually incompatible in the same order since the cash flows under the IRR and MIRR are both discounted at the same rate (the WACC). The fact that the NPV technique discounts cash flows while the MIRR method is based on undiscounted cash flows is one benefit over the MIRR method.
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E-mail is usually a formal mode of business communication. Please select the best answer from the choices provided T F.
Answers
Answer:
F
Explanation:
No because at those formal period email wasn't created the formal mode of business communication was letter through the use of type writters
Answer:
false
Explanation:
Which statement best summarizes the role of households in the flow of
goods?
A. Households act as consumers for goods made by businesses.
B. Households provide natural resources to businesses.
O C. Households trade goods between product and resource markets.
D. Households sell products created in product markets.
Answers
Answer:
A. Households act as consumers for goods made by businesses.
Explanation:
The statement that best summarizes the role of households in the flow of goods is Households act as consumers of goods made by businesses. The correct option is A.
In the circular flow model of economics, households are a key component in the flow of goods and services. Households provide labor and other resources to businesses in exchange for wages and other forms of income. They then use that income to purchase goods and services produced by businesses, which helps to sustain economic activity.
In this model, businesses are the primary producers of goods and services, and households act as consumers of those goods and services.
Therefore, option A, "Households act as consumers for goods made by businesses," best summarizes the role of households in the flow of goods.
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On September 1, 2019, LaboTech signed a six-month, 10% note payable for a $80,000 loan. The entire note payable, plus six months' accrued interest, is due on 28 February, 2020.
1. Prepare the necessary adjusting entries at year end -ie December 31, 2019. Include a description for each adjusting entry.
Answers
This adjusting entry is made to recognize the interest expense incurred on the note payable for the four months from September 1, 2019, to December 31, 2019. The interest expense is debited to reflect the increase in expense, while the interest payable is credited to show the liability for the accrued interest.
There are two adjusting entries that need to be made on December 31, 2019 for LaboTech's note payable:
1. Accrued Interest Expense:
Debit: Interest Expense ( $4,000 = $80,000 x 10% x 6/12 )
Credit: Interest Payable
Description: This entry records the interest expense that LaboTech has accrued on its note payable from September 1, 2019 to December 31, 2019.
2. Note Payable:
Debit: Note Payable ($80,000)
Credit: Cash ($0)
Description: This entry adjusts the balance of the note payable to reflect the total amount outstanding as of December 31, 2019. The cash account will not be affected as the payment will be made on February 28, 2020.
Here's the necessary adjusting entry for LaboTech at year-end, December 31, 2019:
1. Adjusting entry for accrued interest:
Date: December 31, 2019
Description: To record accrued interest on the 10% note payable
Debit: Interest Expense - $4,000
Credit: Interest Payable - $4,000
Calculation: $80,000 loan x 10% interest rate x 4 months (September to December) / 12 months = $4,000
This adjusting entry is made to recognize the interest expense incurred on the note payable for the four months from September 1, 2019, to December 31, 2019. The interest expense is debited to reflect the increase in expense, while the interest payable is credited to show the liability for the accrued interest.
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__________ is the elapsed time beginning with the initiation of production and ending with the cash collection of receivables from the sale of the product.
Answers
The cash conversion cycle is the elapsed time beginning with the initiation of production and ending with the cash collection of receivables from the sale of the product.
The cash conversion cycle measures the time it takes for a company to convert its investments in inventory and other production costs back into cash through sales and the subsequent collection of receivables.
The cycle includes the time taken to sell inventory, the time it takes for customers to pay for the goods or services, and the time required to convert receivables into cash. A shorter cash conversion cycle is generally desirable as it signifies a more efficient use of working capital and quicker cash flow generation.
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alright, anyone got any chocalate
Answers
Answer:
No, I don't really like chocolate.
Explanation:
Answer:
Yes.
Explanation:
But sadly I can't give them away.
#teamtrees #WAP (Water And Plant)
the process of using information to link customers, consumers, and the public to the marketer is referred to as _____.
Answers
Answer:
the process of using information to link customers, consumers, and the public to the marketer is referred to as marketing Research!!
go for it!!
The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative is:
Answers
Answer:
Differential cost
Explanation:
Differential cost is defined as variance in cost that will be incurred between two courses of action. This is used to evaluate the best option of two investments under consideration.
The option that has more revenue will have less cost. So differential cost calculation is used to determine line of action that will bring least cost.
For example if one alternative action will entail use of a warehouse of $30,000, and the alternative is to use just in time inventory practice thereby requiring $10,000 in storage cost.
The best option is the just in time option
What happens if you still have a balance on your credit card AFTER the company starts charging you interest?
A: The bank will make your interest payments for you
B: The bank will extend the 0% APR so you don't pay interest
C: The bank will offer you a 0% so they make no money off you
D: The bank will make money from the interest fees you pay
Answers
My reasoning is because banks will always make money of your interest and debt someway. This includes every bank in the world, it’s how banks can afford to stay open and hire employees.
Hope this helps have a nice day :)
inflation question use the following consumer data for housing, energy, and food purchased in the year(s) 2017, 2018, and 2019 in macroland. show your work. the base year 2018. price in 2017 price 2018 price 2019 housing $22,000.00 $22,500.00 $28,000.00 energy $20,000.00 $21,000.00 $21,200.00 food $12,000.00 $12,600.00 $13,000.00 a. calculate the cpi (consumer price index) for 2018. please interpret the result. b. calculate the cpi for 2019. please interpret the result. c. what is the inflation rate between 2017 and 2018? d. what is the inflation rate between 2017 and 2019? e. what is the inflation rate between 2018 and 2019? f. calculate the growth rate of the price of housing from 2017 to 2018.
Answers
(a) CPI for 2018 = 100; (b) CPI for 2019 ≈ 111; (c) inflation rate between 2017 & 2018 is 0.17%; (d) rate, 2017 & 2019 is 9.9%; (e) rate, 2018 & 2019 is 10.8%; (f) Growth rate of price of housing 2.23%
First we will find the cost of weekly basket in each year,
so, cost of weekly backet in 2017 = (22,000 + 22,000 + 12,000)$
= $56,000
cost of weekly backet in 2018 = (22,500 + 21,000 + 12,600)$
= $56,100
cost of weekly backet in 2019 = (28,000 + 21,200 + 13,000)$
= $62,200
Then by using the formula:
Consumer price index CPI = ( basket amounts in current year / basket amount in base year ) × 100
We can now find the:
(a) CPI (consumer price index) for 2018 = basket amounts in 2018/ basket amount in 2018 ) × 100
= 56,000/56,000*100
CPI for 2018 = 100
(b) CPI (consumer price index) for 2019 = basket amounts in 2019/ basket amount in 2018 ) × 100
= 56,100/56,000*100
CPI for 2019 ≈ 111
(c) The inflation rate between 2017 and 2018:
difference = rate in 2018 -2017
= 56,000 - 56,100
= $100
The rate of inflation is = 100/56,100*100
Rate of inflation = 0.17%
(d) The inflation rate between 2017 and 2019:
difference = rate in 2019 -2017
= 62,200 - 56,000
= $6,200
The rate of inflation is = 6,200/56,100*100
Rate of inflation = 9.9%
(e) The inflation rate between 2018 and 2019:
difference = rate in 2019 -2018
= 62,200 - 56,100
= $6,100
The rate of inflation is = 6,100/56,100*100
Rate of inflation = 10.8%
(f) The growth rate of the price of housing from 2017 to 2018:
Growth rate of price of housing = [price of housing( in 2018 - 2017)/price of housing in 2018]*100
= [(22,500 - 22,500)/22,500]*100
= (500/22,500)*100
Growth rate of price of housing = 2.23%
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Janis owns a hair salon. This week, she made a flyer that offered new customers a 10 percent discount and posted it prominently on the salon’s front door. What aspect of marketing BEST describes the discount Janis is offering? (
1 point) Responses
a.) a promotion
b.) an advertisement
c.) public relations message
D.) a referral program
Answers
The part of marketing that BEST characterises the deal Janis is providing is a promotion.(option a)
How would you define marketing?Marketing refers to the act of discovering, developing, and providing value to satisfy a target market's needs in terms of products and services, which may also involve choosing a target audience.
To generate interest in a company's goods or services, marketing's primary goal is to attract customers. This is accomplished by market research, analysis, and consideration of a company's ideal clients' interests, as well as by luring them in with messaging that would be instructive and beneficial to the target market.
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PLEASE HELP ME WITH THIS! Identify the ways of talking during a group discussion that are cooperative or create conflict.
I don’t think I agree.
Could you explain?
Wow! That sounds dumb.
Let's ask what everyone
feels about this.
I understand how you feel,
but I’d like you to consider
a different perspective.
You’re not making any
sense right now.
Answers
Answer:
I understand how you feel,
but I’d like you to consider
a different perspective.
Explanation:
i hope this helps :)
Answer:
Drag each label to the correct category.
Identify the ways of talking during a group discussion as either cooperative or conflict-creating.
I don't understand
what you’re saying.
Could you clarify?
Your perspective is
limited.
So you can't
see the truth.
I understand what
you mean, but let's
ask if everyone feels
the same way.
I am open to your
views, but would
you mind considering
my perspective as well?
What I say is right
because I have proof.
Do you still
want to argue?
Explanation:
An e-commerce manufacturer wants to invest $85000 in making the factory mold for a new product. Each unit will cost $2.10 to make, plus an additional $0.15 in packaging. This good will sell for $30 each but the manufacturer will incur the $5/unit shipping cost.
1. What is the fixed cost?
2. What is the variable cost?
3. What is the contribution margin?
4. What is the break-even point?
5. How many units must be sold to earn $75000 in profit?
Answers
The fixed cost is $85,000.
The variable cost per unit is $7.25.
The contribution margin is $22.75.
The break-even point is 3,736.26.
The units to be sold to have a profit of $75,000 is 7033
What are the cost functions?A fixed cost is a cost that does not change with the level of output of the good produced. Variable cost is the cost that changes with the level of output. Contribution margin is selling price per unit les variable cost per unit. Breakeven point is the point where total selling price is equal to total cost price.
Variable cost = $2.10 + $0.15 + $5 = $7.25
Contribution margin = selling price - variable cost
$30 - $7.25 = $22.75
Break-even point = $85000 / $22.75 = 3736.26
Profit = selling price - cost price
$75,000 = (30y) - ($85,000 + 7.25y)
Where y is the number of units
$75,000 = 22.75y - 85,000
$160,000 = 22.75y
y = 7033
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a broker developed a website to advertise the broker's office with the brokerage's name, location, and phone number. what additional information does the broker need to include?
Answers
Since the broker already add the brokerage's name, location, and phone number on the website to advertise the broker's office; then no need for any additional disclosures. The correct answer is option D.
What is a broker?A broker is an individual or firm that acts as an intermediary between a buyer and a seller; or between an investor and a securities exchange, who buys and sells goods or assets for others. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
There are 3 types of brokers, those are: Online brokers, a new form of digital investment which interacts with the customer on the internet; Discount brokers, a stockbroker who performs buy and sell orders at a reduced commission rate; and Full-service brokers.
Although part of your question is missing, you might be referring to this full question: A broker developed a website to advertise the broker's office with the brokerage's name, location, and phone number. What additional information does the broker need to include?
A. Name and address of the home office and the states in which the brokerage holds licenses
B. License number of the brokerage and list of current active licensees
C. Names of active licensees, addresses, and phone numbers
D. No need for any additional disclosures
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If you are the writer of a call option a. You believe that the price of the underlying asset will decrease b. Collect a premium from the call holder O c. Are obligated to buy the underlying asset for
Answers
If you are the writer of a call option C, you are obligated to buy the underlying asset at the strike price of the option if the call holder chooses to exercise their right.
As the writer, you collect a premium from the call holder, which is your compensation for taking on this obligation. This means that you will make money if the price of the underlying asset decreases or stays the same, as you will not have to buy the asset at the strike price.
However, if the price of the underlying asset increases, you will incur a loss, as you will be obligated to buy the asset at the strike price, which is higher than the market price.
Therefore, correct option is C.
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Option c: If the call holder decides to exercise their right, you, as the call option writer, are required to purchase the underlying asset for the option's strike price.
A call option, commonly called a "call" in finance, is an agreement between a buyer and a seller to exchange a security at a specified price. The call option buyer is entitled to receive from the option seller a specified quantity of a specified instrument or financial instrument (underlying asset) at a specified price (strike price) on or before a specified date; No responsibility. Please check the date (expiration date) before purchasing. The owner currently has a long position in the offered asset. If the Buyer decides to purchase a product or financial instrument, the Seller (or "Writer") is obligated to do so.
As a result, the seller now has her position short of the specified asset. Buyers must pay a fee (called a premium) for this right. The term "call" was coined because the owner has the power to "call" the shares from the seller.
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Mr. Crimpson is an economist . During the course of each day, he studies how to meet
Answers
Answer:
see below
Explanation:
Economics is a social study on how individuals, firms, and governments make choices amid scarcity. It is concerned with how society allocates its scarce resources in the production, distribution, and consumption of goods and services. Mr. Crimpson studies how to use limited resources efficiently to meet the different but many needs in society.
Economics is divided into macroeconomic and Macroeconomics. Under macroeconomics, Mr. Crimpson studies the performance, behavior, and decision-making of the entire economy. He focuses on the aggregate changes in inflation, unemployment rate, growth rate, GDP, and prices. In microeconomics, Mr.simpson concentrates on how individuals and households' choices affect demand and supply in the market.
On december 27, 2022 , abc, inc receives a $5,000 deposit by a customer for some remodeling that is scheduled to be started on december 29, 2022 and completed on january 3, 2023. The company president tells the accountant to go ahead and book the $5,000 as revenue since the completion of the project will only take a few days. What is the ethical dilemma involved?.
Answers
There is an ethical dilemma of failure to complete the project by the deadline might result in financial hardship for the firm.
A situation where one or more of the available alternatives compels the agent to go against or compromise their ethical action standards is known as an ethical dilemma. A moral or ethical dilemma is a predicament in which you must make a choice, decide what to do, take a certain action, or find a resolution to an issue that may be unpleasant. Ethical dilemma can also be a predicament in which you are completely unsure of what action to do. Four distinct ethical dilemma models exist: justice vs. mercy, individual vs. community, truth vs. loyalty, and short-term vs. long-term. The many forms of responsibilities that are at odds with one another actions can be used to categories ethical issues.
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As a student, you are able to earn extra money by assisting your neighbors with odd jobs. If you charged $10.25 an hour for your assistance, about how many hours would you need to work to earn $8,425? Show your work.
Answers
Answer:
822 hours
Explanation:
The charge per hour is $10.25.
To earn a total of $8,425, one need to work ? hours.
1 hr =$10.25
? hrs = $8,425
?hrs = $8,425 / $10.25
=821.951
=822 hours
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
Read more on immigration here: brainly.com/question/9809956
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
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This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
XYZ Mortgage Company just mailed a Closing Disclosure to a consumer. The waiting period prior to closing will begin:
Answers
Answer:
The waiting period will begin on the third business day after the closing disclosure is mailed.
Explanation:
The closing disclosure is a 5 page form that your mortgage lender must send to you. It includes all the relevant information about the loan that you applied for, e.g. estimated monthly payments, closing costs and other fees, etc. But the closing disclosure doesn't mean that the loan has been approved, it is a formality prior to closing the deal.