if at some output level for a firm, price exceeds average total cost, then the firm is earning an economic profit. T/F?

Answers

Answer 1

True. If the price exceeds the average total cost at a certain output level, the firm is earning an economic profit.

When the price of a firm's output is higher than the average total cost (ATC) at a particular production level, the firm is indeed earning an economic profit. This means that the revenue generated from selling the goods or services exceeds the total cost of producing them, including both variable and fixed costs.

To understand this further, we need to consider the relationship between price and average total cost. The average total cost is calculated by dividing the total cost by the quantity produced. If the price is higher than the average total cost, it indicates that the revenue generated per unit sold is greater than the cost per unit produced. As a result, the firm earns a profit on each unit sold, resulting in an overall economic profit.

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Related Questions

When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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What are the three major types of equity accounts?
The three major types of equity accounts are investments, _________
and retained earnings.

Answers

The three major types of equity accounts are:

Common Stock: Common stock is a type of equity that represents ownership in a company. When a company issues common stock, it is essentially selling ownership shares in the company to investors. Common stockholders have voting rights and may receive dividends, which are a portion of the company's profits distributed to shareholders.

Retained Earnings: Retained earnings are the portion of a company's profits that are not distributed to shareholders as dividends but are instead retained by the company for reinvestment in the business. Retained earnings are reported as a component of shareholders' equity on the balance sheet.

Preferred Stock: Preferred stock is a type of equity that gives shareholders preferential treatment over common stockholders. Preferred stockholders typically receive a fixed dividend, which is paid out before common stock dividends, and they may have other rights such as priority in the event of liquidation. Preferred stock is often seen as a hybrid security because it has features of both equity and debt.

Note that the classification and naming of equity accounts may vary depending on the accounting standards used and the nature of the business.

Which of the following statements regarding corporate bonds is most correct? a. Debentures are riskier than subordinated debentures because they are paid last in the event of bankruptcy.

Answers

Answer:

The answer is C. The interest rate on subordinated debentures is likely to be higher than the interest rate on debentures

Explanation:

The options to the question are under the 'Ask about this question'

Debentures are long-term security (bond) that is not secured by any collateral. It is being issued based on the past record of the issuer i.e the issuer's creditworthiness and also its reputation.

What is subordinated debenture? - This is also an unsecured loan but ranks below the table i.e some loans are above it in the ranking.

The interest or yield on subordinated debts is usually higher because it is more risky than the normal debentures.

Label this illustration of a hotel lobby with the appropriate new french words that you learned in this lesson. Include the definite articles in your answers. Questions long description lobby of a hotel. The elevator is labeled with a one. A client is labeled with a two and the other one with a three. The hotelier labeled with number five is handing the keys to the client, which are labeled with a number four. A hotel bedroom door is labeled with a number six

Answers

1) l'ascenseur

2) le client

3) la cliente

4)  la clé

5) l'hôtelier

6) la chambre

Label this illustration of a hotel lobby with the appropriate new french words that you learned in this

Draw a graph and explain how contractionary monetary policy reduce
inflation.

Answers

Contractionary monetary policy reduces inflation by decreasing the money supply, raising interest rates, and reducing aggregate demand, which leads to lower spending and price pressures.

Contractionary monetary policy aims to reduce inflationary pressures in an economy by decreasing the money supply. This is typically done by the central bank, which has the authority to control monetary policy. One of the primary tools used is raising interest rates. When interest rates increase, borrowing becomes more expensive, which discourages consumer spending and business investments.To understand how contractionary monetary policy reduces inflation, we can look at its impact on aggregate demand (AD). AD represents the total spending in an economy. By raising interest rates, the central bank aims to decrease borrowing and spending, leading to a decrease in AD.As AD decreases, businesses experience a decline in demand for goods and services.

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What is the difference between traditional manufacturing and a cottage
industry?
A. Manufacturing is done on a lower scale.
B. Manufactured products are better quality.
C. Manufactured items are worth more.
D. Manufacturing is done on a larger scale.
SUBMIT

Answers

Answer:

its a D

Explanation:

The difference between traditional manufacturing and a cottage industry is manufacturing is done on a larger scale. Thus, option D is correct.

What is cottage industry?

A cottage industry is a small manufacturing company run by an individual or family, usually from their house rather than a specially constructed facility. The minimal expenditure needed to launch a cottage industry serves as its defining characteristic.

They frequently concentrate on making labor-intensive goods but have a tough time competing with manufacturers of mass-produced goods who operate factories. The original cottage industries in the U.S. and Europe were light manufacturing businesses that performed subcontracted work in shoemaking, minor metal machine components, textile or garment production, or stitching. These small-scale companies frequently used raw materials provided by the contract supplier to make final goods.

Therefore, we can conclude that option D is correct.

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3. ______ are defined as goods or services that are required for health and safety.

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Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.

What is the safety of goods?

A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.

Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.

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Which of the following is a core aspect of marketing?

Answers

Answer: product, price, place, and promotion

Explanation:

1. Please reflect on how the money multiplier concept can be an important tool of both expansionary as well as contractionary monetary policy for any central bank such as the U.S. Federal Reserve Bank?

2. The Federal Reserve Bank lowered the required reserve ratio to 0% across the board in 2020. Explain the potential reasoning behind this lowering to 0% and its intended effect on the economy.

Answers

The money multiplier concept uses  three key actions that is done by the Fed so as they can widen the economy and these includes the use of a decreased discount rate, the buying government securities, and also by lowering reserve ratio.

What is expansionary and contractionary monetary policy?

A monetary policy that is known to be that which helps to lowers interest rates and influence borrowing is called an expansionary monetary policy or one can say a loose monetary policy.

Also, a monetary policy that tends to bring up interest rates and lowers borrowing in any economy is known to be a contractionary monetary policy and also called tight monetary policy.

Thee potential reasoning behind this lowering to 0% and its intended effect on the economy?

Note that Expansionary monetary policy aims to increases the money supply while  Contractionary monetary policy aims lower the money supply.

Therefore, the use of lower rates of economic growth is one that tens to give more likelihood or chance for the shift to renewable energy. It also leads to more saving, and investing.

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Wise consumers always understand their needs and wants before they buy.
a. True
O b. False

Answers

False
Hope this helps

The statement is true. Wise consumers take the time to evaluate and understand their needs and wants before making a purchase. They consider factors such as the functionality, quality, and suitability of a product or service based on their specific requirements.

By understanding their needs and wants, consumers can make informed decisions, avoid impulsive purchases, and choose products or services that align with their priorities and preferences.

Understanding one's needs and wants is an important aspect of being a conscious and responsible consumer.

Therefore, the given statement is true.

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most companies are started by individuals who live by their wits. they visualize an opportunity, take risks, and knock on every door to gain attention. which of the following stages in marketing strategy is being illustrated here?

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Entrepreneurial marketing is the stage of marketing strategy that represents this "most companies are started by individuals who live by their wits which also visualize an opportunity, take risks, and knock on every door to gain attention".

What is entrepreneurial?

It is a spirit, an orientation, as well as a process of pursuing opportunities and launching and growing ventures that create perceived customer value through relationships, especially by employing innovativeness, creativity, selling, market immersion, networking or flexibility.

Why are we categorizing the illustration above as entrepreneurial marketing?
As we can see from the question given,
"most companies are started by individuals who live by their wits. They visualize an opportunity, take risks, and knock on every door to gain attention"
Most companies will start by individuals : (which categorized as entrepreneurial spirit)
Also, they have to do by themselves especially on knocking door to gain attention because they want to save their capital. Sometimes, they don't even have the capital yet, that's why they want to take risks and visualize an opportunity to gain audience and investor into their businesses.

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Those who manage the work on the front lines are most involved with what component of the planning process?.

Answers

Those in charge of monitoring action on the front lines typically handle the operational planning element of the planning process.

Operational planning is a helpful document that details the primary duties and objectives a company will pursue during a specified time period, typically a year

What is more about planning process.

Planning is the act of dividing one's thoughts into manageable steps. Planning is divided into four primary categories: strategic, tactical, operational, and contingency planning. To determine their goals and objectives, organizations use the strategic planning process.

Operational planning is a helpful document that details the primary duties and objectives a company will pursue during a specified time period, typically a year. It frequently has connections to finance agreements and, in a broader sense, to the organization's strategic objective.

A manufacturer developing a plan to increase sales by 30% is an example of operational planning.

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What refers to the study of your strengths and weakness and the identification of your area of interest?

Answers

Answer:

Personality inventory

Explanation:

If you are employed in a police or other law enforcement agency, what resources will you seek or other be certain are available to you to mitigate, reduce, or resolve threats and stress to you - and, by extension, your fellow officers, family, and the public?

Answers

If you are employed in a police or other law enforcement agency, what resources will you seek or other be certain are available to you to mitigate, reduce, or resolve threats and stress to you - and, by extension, your fellow officers, family, and the public

The police department and other law enforcement agencies are among the groups of individuals who experience high levels of stress, which may have an impact on their professional and personal lives. Police officers must know the best strategies to protect themselves and the people they serve by learning to deal with the effects of stress in the most effective manner possible.In this case,

it is critical to develop mental health resources for police officers, such as confidential counseling, peer support, critical incident stress debriefing, and substance abuse programs. The department should also concentrate on providing adequate training on crisis prevention, conflict management, and problem-solving tactics to officers.

Additional resources that police officers need include psychological and emotional support as well as access to stress management strategies. More information can be found at:Psychological first aid during a disasterPsychological first aid (PFA) is a critical method for responding to the emotional and mental well-being of responders and the public during a disaster. Disaster response efforts may include the provision of services, such as food,

water, medical care, and other types of assistance. Emergency responders must be prepared to provide psychological assistance to those who are stressed or have mental health issues as well. This may include the use of crisis counseling, psychotherapy, or other interventions to prevent post-traumatic stress disorder (PTSD) and other mental health problems.

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Which section of a change order form would include the desired outcomes of a project?

Answers

The purpose of change or scope of change section of a change order form would include the desired outcomes of a project.

To change is to evolve. You can think that circumstances are beyond your control and that you are susceptible to change (determinism). Alternatively, you can think that you bring about change and are in control of your behavior (free will).

The goal of the change initiative is to manage the entire change lifecycle, allowing for the implementation of good changes with the least possible impact on IT services. The change enables us to advance in life and take part in the novel and interesting experiences. Life might become stagnant if you don't actively focus on improving yourself.

Changes that you never realized were possible can be brought about by developing new skills or concentrating on your inner self. Change control's primary objectives are to prevent unauthorized changes and minimize errors.

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How long does it typically take for deeper aquifers to recharge?

Answers

We need to consider various factors such as the aquifer's depth, geological characteristics, and local climate conditions. Generally, deeper aquifers take a longer time to recharge compared to shallow ones due to their depth and lower permeability.

The process of recharging deeper aquifers involves several steps:
1. Precipitation: Rain or snowfall infiltrates the ground, adding water to the soil.
2. Infiltration: Water moves downward through the soil and unsaturated zone due to gravity.
3. Percolation: Water travels through the unsaturated zone, eventually reaching the water table.
4. Recharge: Once the water reaches the water table, it becomes part of the aquifer and is available for use.

The time it takes for deeper aquifers to recharge can range from several years to thousands of years, depending on the factors mentioned earlier. The depth of the aquifer, the permeability of the geological material, and the amount of precipitation received all play a role in determining the recharge rate.

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I will mark you as brainliest!!

What is stock turnover?

A. How long customers have own the products they've purchased
B. How quickly inventory sells
C. How much it costs to keep inventory
D. How the stock market affects inventory

Answers

Answer:

d.how the stock market affects inventory

Explanation:

a stock turnover is the rate at which a company's goods are sold and replaced. I hope that helped <3

stock movement Effects of the stock market on inventory Thus option (D) is correct.

What is the stock price?

A share price is the price of a single share of a company's salable equity shares. In layman's terms, the stock price is the largest amount of money someone is willing to pay for the stock or the lowest amount for which it can be purchased.

Stock market Analysts in economics and financial theory utilize random walk techniques to model the behavior of asset prices, particularly share prices on stock exchanges. This technique is founded on the assumption that investors operate rationally and without bias, and that they evaluate the value of an asset at any given time based on future expectations.

Therefore, Thus option (D) is correct.

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a. Assume that the partners share profits and losses 3:3:2:2, respectively. Fergie retires and is paid $190,000 based on the terms of the original partnership agreement. If the goodwill method is used, what is the capital balance of the remaining three partners

Answers

Based on the goodwill method, the capital balances of the three partners will be:

Pineda - $275,000Adams - $235,000Gomez - $170,000

What will be the capital balance for the partners?

First find the total firm goodwill:

= Goodwill paid to Fergie / Fergie capital share

= (190,000 - 160,000) / ( 2 ÷ (3 + 3 + 2 + 2))

= $150,000

This will be shared to the partners in the ratio, 3:3:2:2:

Pinada gets:

= 230,000 + (150,000 x 3 / (3 + 3 + 2 + 2))

= $275,000

Adams gets:

= 190,000 +  (150,000 x 3 / (3 + 3 + 2 + 2))

= $235,000

Gomez gets:

= 140,000 +  (150,000 x 2 / (3 + 3 + 2 + 2))

= $170,000

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a. Assume that the partners share profits and losses 3:3:2:2, respectively. Fergie retires and is paid

Concern for the environment among consumers causes consumers to substitute away from traditional autos to electric-powered autos.

Equilibrium quantity: Increases / Decreases
Equilibrium price: Increases / Decreases

Answers

Answer:

the equilibrium price and quantity of  traditional autos decreases

the equilibrium price and quantity of electric cars increases

Explanation:

Due to the decrease in demand for traditional autos, there would be a leftward shift of the demand curve for traditional autos. As a result, equilibrium price and quantity would fall.

Due to the increase in demand for electric-powered autos, there would be a rightward shift of the demand curve for traditional autos. As a result, equilibrium price and quantity would increase.

Please check the attached images for graphical illustrations

Concern for the environment among consumers causes consumers to substitute away from traditional autos
Concern for the environment among consumers causes consumers to substitute away from traditional autos

Marco is harmed when Nell defames him. If Marco brings a successful tort action against Nell, he may be awarded general damages to compensate him for

Answers

if Marco brings a successful tort action against Nell for defamation, he may be awarded general damages to compensate him for harm to his reputation, emotional distress, and personal humiliation.

General damages are a type of compensation that is awarded to a plaintiff in a tort action to compensate for non-monetary losses such as pain and suffering, emotional distress, and loss of reputation. In this case, Marco was harmed when Nell defamed him, which means that he may have suffered damages to his reputation and emotional well-being.

If Marco is successful in his tort action against Nell, he may be awarded general damages to compensate him for these losses. The amount of general damages awarded will depend on the severity of the harm suffered by Marco and will be determined by the court.

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Regarding the inventory system used by small retailers, which of the following statements is incorrect? Select one: A. To be competitive, small retailers must use a perpetual inventory system B. Small retailers can use either the periodic or perpetual inventory system O C. In a periodic inventory system, businesses must obtain a physical count of inventory to determine quantities on hand. D. Some small retailers find it too expensive to invest in a perpetual inventory system

Answers

The incorrect statement regarding the inventory system used by small retailers is A. To be competitive, small retailers must use a perpetual inventory system.

Small retailers have the flexibility to choose between the periodic and perpetual inventory systems based on their specific needs and resources. While a perpetual inventory system provides real-time tracking of inventory levels and is often favored by larger businesses, it may not be a requirement for small retailers to remain competitive. Small retailers can still effectively manage their inventory using periodic inventory systems, where they periodically conduct physical counts to determine the quantities on hand. Additionally, option D states that some small retailers find it too expensive to invest in a perpetual inventory system, further supporting the idea that it is not obligatory for small retailers to use perpetual systems to be competitive.

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Read the following situation and decide whether or not anyone in the situation commits sexual harassment. Justify your judgement: “Kylie is Hector’s boss. Hector is attracted to Kylie and asks her on a date. Kylie, although flattered, turns Hector down. He feels a little hurt, but doesn’t bring it up again. Kylie, speaking with both male and female coworkers, describes Hector’s proposal and makes a joke about the lack of romantic prospects in his future. Hector hears about this conversation a week later.”

Answers

Answer:

Hector does not commit sexual harassment against Kylie when he asks her out. It is a one time event, and he does not push the issue. Kylie does not commit sexual harassment when she refuses Hector's proposal for a date. She does not demean him. Kylie does commit sexual harassment when she brings the incident up in the workplace. She speaks disparagingly of Hector's sexuality and it gets back to him. He can bring a sexual harassment claim against Kylie through his company.

Explanation:

on e2020

Answer:

Hector does not commit sexual harassment against Kylie when he asks her out. It is a one time event, and he does not push the issue. Kylie does not commit sexual harassment when she refuses Hector's proposal for a date. She does not demean him. Kylie does commit sexual harassment when she brings the incident up in the workplace. She speaks disparagingly of Hector's sexuality and it gets back to him. He can bring a sexual harassment claim against Kylie through his company.

Explanation:

which of the following is true of first movers?a.the first mover is guaranteed instant success.b.the first mover has no opportunity to exploit network effects and positive feedback loops.c.the first mover cannot create switching costs for its customers to deter rivals.d.the first mover that creates a revolutionary product is in a monopoly position.

Answers

The statement that is true of first movers is: d. the first mover that creates a revolutionary product is in a monopoly position.

First movers are companies or individuals who are the first to introduce a new product, service, or innovation in the market. This gives them a competitive advantage, as they have the opportunity to establish their brand, build customer loyalty, and create barriers to entry for competitors. A revolutionary product has the potential to disrupt the existing market, and a first mover with such a product can indeed achieve a monopoly position. However, this monopoly position is not guaranteed and often depends on various factors, such as effective marketing strategies, strong intellectual property rights, and efficient supply chain management.

It is important to note that being a first mover does not guarantee instant success (a), and there are several examples of first movers who eventually lost their market position to competitors. Also, first movers can definitely exploit network effects and positive feedback loops (b), as they have the potential to create a user base that encourages more people to adopt their product or service, leading to an increase in demand and value. Moreover, first movers can create switching costs for their customers (c), by making it difficult or expensive for them to switch to rival products, which helps in retaining customers and deterring competition.

In conclusion, first movers who create revolutionary products can achieve a monopoly position, but this is not guaranteed, and they must actively work on maintaining their advantage in the market. Therefore, the correct option is D.

The question was incomplete, Find the full content below:

which of the following is true of first movers?

a.the first mover is guaranteed instant success.

b.the first mover has no opportunity to exploit network effects and positive feedback loops.

c.the first mover cannot create switching costs for its customers to deter rivals.

d.the first mover that creates a revolutionary product is in a monopoly position.

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go follow my meme page on Insta gram please I just started it
Username is shawty.tedo

Also I hope you have a wonderful day today and get all your work done. I am proud of you!! you have made it through the week and even though school is going back in session for tons of us tomorrow. summer break is almost here!
Just keep pushing yourself you’re almost there! but remember don’t be harsh on yourself and take your time. Take care of yourself and make sure that you’re there for yourself too just like you’re there for others. YOU matter! no matter what you think. we will all get through hard times and it doesn’t matter if it takes years, months, weeks, days, once again it doesn’t matter because You will get through it and you’ll be so proud of yourself just like I am. Don’t give up now. if others try put you down show them that you’re unbreakable and that you’re more worth then they think. Harsh words don’t define your worth. you’re amazing and you are you. you being different from others but that doesn’t mean you’re any less important. you are you and that’s what makes you so unique. Im proud of you Keep going And spread the love

Answers

Answer:

. ...........

Thank you

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Thank youuuu :)

investment insurance business studies

Answers

Answer:

that does not make sense

Explanation:

that does not make sense

Answer:

An investment insurance, also known as universal life insurance, provided financial security as well as fiscal growth to the investor. It has two main features: an investment, and an insurance plan.

Explanation:

Investment insurance plans are a two-in-one insurance policy. You not only get a safety blanket, but also a profitable return on your investment. Under this type of insurance plan, when you pay your insurance premium, a part of it gets invested after a certain time period.

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In terms of SUPPLY, what factors have contributed to the fall in oil prices?

Answers

Current supply and output. Until recent years, Organization of Petroleum Exporting Countries (OPEC) often set supply through a quota system.

What is Bloom’s Taxonomy?
( no c0py from g00+gle)

Answers

Answer:

a set of three hierarchical models used to classify learning objectives into levels of complexity and specificity

Answer:

Bloom's Taxonomy is a Hierarchal Pyramid used to classify the objectives when learning something into: creating, evaluating, analyzing, applying, understanding, and remembering.

Explanation:

How does a project manager evaluate the scope of a project?

Determine the overall work that needs to be completed to deliver the desired product, service, or end result

Estimate some of the resources that are needed to deliver the desired product, service, or end result

Evaluate the time it will take to deliver the desired product, service, or end result

Guess how much money it will cost to deliver the desired product, service, or end result

Answers

Stating in an answer for future reference, it's A, "Determine the overall work that needs to be completed to deliver the desired product, service, or end result".

No "Tutor" needed.

What is the distinction between free trade and fair trade?

Free trade focuses on the _________ of nations. Fair trade seeks to bring ________ to the world of trade.

Answers

Answer:

Free trade focuses on the reductions of barriers and policies of nations.

Fair trade seeks to bring favor to the right of the worker.

Explanation:

How does hard work help our economy?

Answers

Answer:How important is hard work for avoiding poverty?The phrase, “Pull yourself up by your own bootstraps” is one that is embedded in the American lexicon. As we have discussed in earlier modules, this is often the predominant mind set when it comes to explaining poverty. There is a widespread belief that with hard work and effort, anyone can avoid falling into poverty. In your group, ask yourselves, to what extent do you feel that hard work is sufficient for achieving economic success?The Role of Motivation and Hard WorkIn our research, we have given considerable thought to the role that motivation and hard work plays in getting ahead. In the course of writing Chasing the American Dream, we talked with dozens of people from many walks of life around this topic. Our overall conclusion is that hard work is a necessary but not a sufficient condition for getting ahead. In other words, hard work and effort are generally important ingredients for reaching one’s goals in life, but they do not guarantee success in and of themselves.We can think about this relationship in the following way. It is difficult to imagine individuals doing well in life without a decent amount of effort and work. Even for those born into wealth, hard work and motivation are generally required for reaching one’s goals. And for those starting with much less, hard work and initiative would appear to be essential.On the other hand, we have talked with many people who have worked very hard throughout their adult lives, but have struggled to achieve economic success. During the course of a year, we interviewed women and men who have worked extremely hard but nevertheless found themselves in poverty or close to poverty.A Hard Working ExampleWe asked one such woman who was interviewed for our Chasing the American Dream book about how the general notion of the American Dream stacked up against the economic realities that she had seen.I think for most people it’s sort of a Horatio Alger’s thing of going from rags to riches. That anybody through their own hard work can pull themselves up in this country. But I think a whole lot of people have worked really hard and not been able to pull themselves up.My dad worked really, really hard. And the only reason he had $10,000 in the bank when he died is because his brother died and left him some. And then his house sold for a little over $20,000. And this is from a guy who worked his tail off his whole life long. He had paid employment until after age 80 despite his physical disabilities. So, hard work doesn’t necessarily get you ahead. I know that.We then asked her, “How does this experience affect your sense of fairness?”Well it makes me mad that things are not fair and that we don’t value hard work. And, in fact, one of the surest indicators for how hard you’ll have to work is your income. The people with lower incomes will have to work harder from a standpoint of backbreaking physical labor.You know, I make a lot more money than Elaine Nelson from my church. But she mops floors down at St. Peters Hospital and changes sheets and makes sure that the operating room is sanitary so that people can go home without a staph infection. Her work is really essential, but she’s only making like $9 or $10 an hour to do that kind of work. And I take her to places to get help with her utilities and take her to the food pantry at my church now and then ‘cause she doesn’t have a car. And she’s faced an eviction so many times since I’ve known her.And to me, that’s just so unfair that a person that does really important work that cares for our community… You know, having a safe, clean hospital is a very important thing. Why don’t we reward that adequately? It makes me really mad.Hard Work May Not Be EnoughWhat this woman and many like her discussed in our interviews relates to the fact that there are simply not enough decent-paying jobs to support all Americans. In an earlier module (Module 6) we relied on the analogy of musical chairs to illustrate the mismatch between the number of individuals in need of a decent paying job versus the limited number and availability of such jobs. The result is that for some Americans, no matter how hard they work, they still may not be able to get ahead economically.Do you agree that hard work is a necessary but not a sufficient condition for getting ahead? Can you point to examples of people you know that would confirm this? Are there cases where hard work may not be important in getting ahead? How is this accomplished? Overall, how important is motivation and determination in avoiding poverty? These are some of tque

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