You are selling a software product called "Link" which is available in high and low quality versions called Link Professional and Link Home respectively. You have 2 units of Link Professional and 2 units of Link Home.
There are 2 potential customers, each of whom is interested in buying 1 unit of Link (either Link Professional or Home but not both). Suppose that your objective is to maximize the total revenue from selling the software. Further, you do not know the identity of either buyer and you must sell by posting one price for Link Professional and another price for Link Home. Each buyer seeks to maximize her consumer surplus and may buy Link Professional or Link Home or neither depending on the prices that you post. Please show all intermediate steps and clearly explain your reasoning.
i. What is the optimal price and resulting revenue under the following scenario? What (if anything) would each customer buy?
ii. If you could identify each buyer and make targeted offers, what price would you offer to each and how much revenue would you earn? What (if anything) would each customer buy?
Scenario The willingness to pay (WTP) of the 2 potential buyers is:
Link Professional Link Home
WTP of Buyer A 600 500
WTP of Buyer B 400 300

Answers

Answer 1

Buyer A would buy Link Professional for $600 and Link Home for $500. Buyer B would buy Link Professional for $400 and Link Home for $300.

i. To find the optimal price and resulting revenue under the following scenario, consider the willingness to pay (WTP) of the 2 potential buyers and follow the below steps:

Step 1: To find the optimal price for Link Professional, determine the maximum price that Buyer A and Buyer B are willing to pay. The maximum of the two is $600. This means that if you price Link Professional at $600, you will sell it to Buyer A and make a total revenue of $600. If you price it lower than $600, both buyers will buy Link Professional, but you will earn less revenue.

Step 2: To find the optimal price for Link Home, determine the maximum price that Buyer A and Buyer B are willing to pay. The maximum of the two is $500. This means that if you price Link Home at $500, you will sell it to Buyer A and make a total revenue of $500. If you price it lower than $500, both buyers will buy Link Home, but you will earn less revenue.The optimal prices and the resulting revenue are as follows:Price of Link Professional: $600Revenue from Link Professional: $600Price of Link Home: $500Revenue from Link Home: $500Therefore, the total revenue is $1,100. Buyer A would buy Link Professional for $600, and Buyer B would buy Link Home for $500.

ii. If you could identify each buyer and make targeted offers, the prices would be different for each buyer. Follow the below steps to find out what price would you offer to each and how much revenue would you earn:

Step 1: For Link Professional, since Buyer A has a WTP of $600, you should charge her the maximum amount, $600. For Buyer B, since he has a WTP of $400, charge him $400.

Step 2: For Link Home, since Buyer A has a WTP of $500, charge her $500. For Buyer B, since he has a WTP of $300, charge him $300.The prices you would offer to each buyer and how much revenue you would earn are as follows: Price of Link Professional for Buyer A: $600Revenue from Link Professional: $600Price of Link Professional for Buyer B: $400Revenue from Link Professional: $400Price of Link Home for Buyer A: $500Revenue from Link Home: $500Price of Link Home for Buyer B: $300Revenue from Link Home: $300Therefore, the total revenue is $1,800.

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Related Questions

suppose the market for steel and the market for cars both have large numbers of buyers and sellers. which market is likely to be affected by information asymmetries?

Answers

The market for cars is likely to be affected by information asymmetries due to varying levels of information available to buyers and sellers regarding the quality, history, and condition of individual cars.

This information asymmetry can lead to issues such as adverse selection and moral hazard, where buyers may have difficulty assessing the true value or reliability of a used car, and sellers may be tempted to misrepresent the condition of the vehicles they are selling.

In the market for cars, information asymmetries are more likely to arise compared to the market for steel. This is because buying a car involves more subjective factors, such as the quality, history, and condition of individual vehicles, which can be difficult for buyers to assess accurately. Sellers, on the other hand, may possess more information about the cars they are selling. This disparity in information can create issues like adverse selection, where buyers may unintentionally select lower quality cars due to the lack of complete information, and moral hazard, where sellers may be inclined to misrepresent the true condition of the vehicles to maximize their profits. In contrast, the market for steel generally involves more standardized and objective products, where information about the product is more readily available to all participants, leading to fewer information asymmetries.

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Macarthur verbally campaigned in favor of:
a. expelling the communists from china
b. expanding the war to include the soviet union
c. using nuclear weapons aginst china
d. impeaching president truman

Answers

Macarthur verbally campaigned in favor of expanding the war to include the Soviet Union. Option B is answer.

During the Korean War, General Douglas MacArthur advocated for expanding the conflict beyond the Korean Peninsula and extending military operations into Chinese territory. He believed that targeting China directly, and potentially even attacking Chinese cities, would help in achieving a decisive victory and ultimately defeating communism. MacArthur's proposal to expand the war and confront the Soviet Union, China's ally, was met with significant controversy and disagreement among top military and political leaders.

Option B (expanding the war to include the Soviet Union) is the correct answer. MacArthur's stance reflected his desire to take a more aggressive and expansive approach to the conflict in order to confront and contain the spread of communism in East Asia. However, his campaign for such an escalation ultimately led to his dismissal from his position by President Truman.

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Please help me!

I need the company name of every logo here

Please help me!I need the company name of every logo here

Answers

Answer: I only know a little more than half of them but yeah here ya go

Going left to right:

2: BP (oil)

4: Apple

5: Honda

6: Shell (oil)

8: Chanel

11: playboy

13: bank of america

16: American eagle outfitters

17: Panther

18: NBC news

28: Starbucks

29:Aussie (Kangaroo)

30: McDonalds

34: Wikipedia

39: T-Mobile

46:Red bull

48: Windows

61: Adidas

63: Monster energy drinks

64: Hannaford

66: Moto

68:pringles

Last one: pepsi

Explanation:

(14%) Let A[1..n] be an array of n positive numbers. Entry A[i] represents the trading price of a stock X on the i-th day (and hence the numbers are ordered chronologically). Write an algorithm max-profit that returns a pair (a, b) such that if one buys stock X on the a-th day and sells it on the b-th day, the maximum profit is made. Give the time complexity of your algorithm in Big-O. Show the derivation of the complexity result.

Answers

To solve this problem, we can use a simple algorithm that iterates through the array and keeps track of the minimum price seen so far and the maximum profit.

The algorithm works as follows: Initialize variables: min_price = A[1], max_profit = 0, buy_day = 1, sell_day = 1. Iterate through the array A from the second element to the last: If A[i] < min_price, update min_price = A[i]. If A[i] - min_price > max_profit, update max_profit = A[i] - min_price, buy_day = index of min_price, sell_day = i. Return the pair (buy_day, sell_day). The time complexity of this algorithm is O(n), where n is the size of the array A. This is because we perform a single pass through the array, comparing and updating values in constant time for each element. Therefore, the algorithm has a linear time complexity.

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A government announces it will impose an indirect tax on the price of petrol because it wants to discourage travel by car and encourage the use of bus and rail services instead. This, it believes, will help to reduce traffic congestion and harmful exhaust emissions

Answers

The correct answer to this open question is the following.

Here we do not have a question. Just a statement.

What is your question? What do you want to know?

However, trying to help you we can comment on the following.

If the government announces it will impose an indirect tax on the price of petrol because it wants to discourage travel by car and encourage the use of bus and rail services instead, it had to make sure that the impact will have the expected benefits because that could not always be the case.  

Some other considerations need to be made for this to happen. For instance, if the government wants to dissuade people to use their cars, the government has to make sure that the public transportation system is in optimal conditions, it is safe to ride, and can guarantee the transportation times for people to be on time in their jobs.

Otherwise, people will still be driving their cars because they think that using cars is a more safe and better way to travel.

Public transportation also has to comply with strict pollution emissions controls.

how is weather useful to our body​

Answers

Answer:

1. precipation

2. national security

Explanation:

1. Having a stable climate and weather patterns benefits national security. If a government can predict the amount of water and the average risk for drought or other natural disasters, it can better prepare its population for possible adversities. If the climate and weather were to suddenly change, disaster response teams may not be able to adapt quickly enough. It could also lead to international conflicts as the need for humanitarian aid rises in response to a higher demand on resources.

2. The stability of the climate is an important factor to human health. Because overall climates are stable for long stretches of time, humans adapt to a given climate. For example, the evolution of light skin from dark was to help humans become more resistant to cold weather and synthesize more vitamin D per each exposure to ultraviolet light as they moved away from the equator to areas where there was less direct sunlight and more cloud-covered days. Rapid climate change could be detrimental to human health because the body cannot adapt quickly enough to changes in the weather and environment.

2.

Having a stable climate and weather patterns benefits national security. If a government can predict the amount of water and the average risk for drought or other natural disasters, it can better prepare its population for possible adversities. If the climate and weather were to suddenly change, disaster response teams may not be able to adapt quickly enough. It could also lead to international conflicts as the need for humanitarian aid rises in response to a higher demand on resources.

Simon has a $250,000 life insurance policy with City Life. He has had this policy for many years, and all of the premiums have been paid. He no longer needs to make any payments in order to keep the policy in effect. Simon named his brother, Leo, as the beneficiary of the policy. Leo needs $50,000. Leo knows about the insurance policy, and that it is fully paid. Rather than take out a loan, he contacts City Life and asks for $50,000 as an advance against the full amount of the policy that will be due to him. What is City Life likely to do?

Answers

Answer:

The correct statement will be "Not give Leo the money since Leo is not vested".

Explanation:

Simon wanted to purchase a city life insurance package. Under that same agreement arrangement, Simon has compensated have all premiums owed. As that of the beneficiary including its scheme, Simon designated his brother, Leo.

Leo requires 50,000 dollars. He reaches the urban environment instead of accepting a mortgage as well as demands for the amount owed including its gain that would accumulate to him following his brother's passing.

The remaining amount through Life insurance policies can only be compensated on Simon's death and nobody even, particularly Simon and his brother Leo, seems to have the authority to charge any compensation payout against that kind of policies especially given the fact that almost all the contributions have been compensated.

So the above is the right approach.

what physiological or personality traits will signal to the hrm that there is a negative influence on personnel regarding reorganization and downsizing?

Answers

Physiological and personality traits such as increased stress levels, decreased motivation, and decreased job satisfaction can signal to HRM that there is a negative influence on personnel regarding reorganization and downsizing.

During periods of reorganization and downsizing, employees often experience heightened stress levels due to uncertainty about their job security and potential changes to their roles and responsibilities. This increased stress can manifest in various physiological symptoms such as sleep disturbances, elevated blood pressure, and decreased immune function. These physiological changes serve as indicators to HRM that the employees are negatively affected by the reorganization process.

In addition to physiological symptoms, negative personality traits may also become apparent. Employees who were once motivated and engaged in their work may display a significant decrease in motivation as they face the uncertainty and potential negative outcomes associated with downsizing. This lack of motivation can lead to decreased productivity and job performance.

Furthermore, the employees' overall job satisfaction may decrease as they witness their colleagues being laid off or their workload increasing due to downsizing. This can result in feelings of resentment, dissatisfaction, and disengagement, which can further impact productivity and the overall work environment.

Overall, HRM should closely monitor physiological and personality traits such as increased stress levels, decreased motivation, and decreased job satisfaction as signs of a negative influence on personnel during reorganization and downsizing. By recognizing and addressing these indicators, HRM can take appropriate measures to support employees, minimize the negative impact, and foster a healthier work environment.

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for which person would renting a home be a better option than getting a mortgage?

Answers

Answer:

Someone who wants ro avoid spending time and money on maintenace

Explanation:

How many potential threat indicators does a person who is playful and charming, consistently wins performance awards, but is occasionally aggressive in trying to access sensitive information display?

Answers

Answer: 1 indicator

Explanation:

A person who is occasionally aggressive in trying to access sensitive information display possess one indicator threat, despite being playful and charming, and onsistently winnimg performance awards.

There is one indicator of insider threat from such a person who is playful and charming, consistently wins performance awards, but sometimes tries to aggressively access sensitive information.

What is an insider threat?

An insider threat is a security risk that may be attributed to someone from within a company.

In the given case, there lies one indicator of a potential insider threat as the person involved gets aggressive when he is trying to access sensitive information about the organization which involves risk.

Hence, there is one indicator of potential insider threat in this case as the person involved shows suspicious behavior while collecting sensitive information about the company.

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the last monthly interest payment on a mortgage was $825.77. if the interest rate was 7.2%, what was the balance due on the principal?

Answers

The balance due on the principal can be calculated using the formula for calculating monthly interest payments on a mortgage. The formula for calculating the monthly interest payment is:

Interest Payment = Principal * Monthly Interest Rate To find the balance due on the principal, we need to rearrange the formula to solve for the principal: Principal = Interest Payment / Monthly Interest Rate Given that the last monthly interest payment on the mortgage was $825.77 and the interest rate is 7.2%, we can substitute these values into the formula. Principal = $825.77 / 0.072 Principal = $11,464.03n Therefore, the balance due on the principal is $11,464.03.

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Define the term unemployment and explain the relationship between unemployment and crime​

Answers

Answer:

The term unemployment refers to a situation where a person actively searches for employment but is unable to find work.

an illegal act for which someone can be punished by the government. especially : a gross violation of law. : a grave offense especially against morality

Explanation:

hope it helps️️

MAKE IT PAY: What was the last product that you purchased? Think for a minute about why you made the purchase. How did each of the marketing functions affect your decision? Ask yourself questions such as:• Why did you want the product?• Did the product’s brand impact your actions?• Did the product’s price influence you?• Where did you purchase the product?• How did you hear about the product?• Who helped you to make your purchase? Finally, after answering these questions, consider the following: How did the different marketing functions work together as a team to encourage you to make your purchase? *

Answers

Answer:

This may be something you must answer yourself. Lets say you just bought some really nice suede shoes. It's winter, and the suede is actually keeping your feet really warm unlike other shoes. Why'd you make the purchase? It was cold and you needed new shoes that would keep your feet warm, and maybe the reason you bought new shoes made out of a more rough material is because your older shoes were made out of canvas. How did the marketing functions affect your decision? Because suede is durable, and it also keeps your feet warm. Maybe the shoes were designed to be winter shoes, or maybe they were just suede skate shoes, and you know that suede keeps your feet warm. How come you wanted the product? Because your feet were cold in your old shoes, and you just needed new shoes!

Explanation:

i hope you understand what this question is asking you now.

while the u.s. has tax treaties with more than 50 countries, it does not have a treaty with brazil, which is a major recipient of u.s. foreign direct investment. what is the reason for a lack of a u.s. brazil treaty regarding withholding taxes?

Answers

The lack of a tax treaty between the United States and brazil regarding withholding taxes can be attributed to various factors, such as differing priorities, negotiations, and historical circumstances.

The absence of a tax treaty between the United States and Brazil regarding withholding taxes may be due to several reasons. First, countries prioritize their tax treaty negotiations based on their respective interests and the volume of economic activities between them. While Brazil is a major recipient of U.S. foreign direct investment, the two countries may not have prioritized the negotiation of a tax treaty due to other competing interests or a lack of sufficient mutual benefits. Furthermore, negotiations for tax treaties can be complex and time-consuming. Both countries need to align their positions on various tax-related matters, including withholding taxes, to reach a mutually acceptable agreement. Differences in tax systems, economic policies, and legal frameworks can contribute to the challenges faced during negotiations, further delaying the establishment of a tax treaty.

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a block transaction is one where at least __________ shares are traded; these account for approximately __________ of all trading.

Answers

A block transaction is one where at least 10,000 shares are traded. These account for approximately 10% of all trading.

Block transactions are typically executed by institutional investors who trade large volumes of securities. The large size of these transactions can affect the price of the security being traded, which is why they are often executed outside of the public market.

Additionally, block transactions are usually negotiated between the buyer and seller rather than being executed on an exchange. This allows for more flexibility in terms of price and timing. Overall, block transactions are an important component of the securities market and play a significant role in the trading activity of institutional investors.

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Physical controls to safeguard assets do not include:.

Answers

The physical controls to safeguard assets that are not included are access controls. Access controls are designed to restrict unauthorized entry into a facility and limit access to resources, and they are an important aspect of security.

Access controls can be physical or logical, and they can be either preventive or detective.Access controls are a type of administrative control that is concerned with protecting the physical and digital resources of an organization. Access controls, for example, include login and password systems, encryption, and authentication.

The function of access controls is to ensure that only authorized users have access to an organization's resources, preventing unauthorized access. To ensure that resources are properly protected, physical controls and technical controls must be combined with access controls.Physical controls to safeguard assets include locks, security cameras, alarms, and other physical barriers. These controls are used to prevent unauthorized access, deter theft or damage, and provide a physical barrier between an asset and any potential threats. Additionally, physical controls can provide a visible reminder of the importance of security and help to create a security-conscious culture within an organization.

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who benefits form medicare taxes?

Answers

Answer: The Medicare tax rate is 1.45% of an employee's gross income. The Medicare tax, which is a charge on both employers and employees, is paid by both.

The type and quantity of each type of direct material needed to complete a unit of product is listed on the ______.

Answers

People often demand for goods. The type and quantity of each type of direct material needed to complete a unit of product is listed on the A bill of materials.

What does a A bill of materials contains?

A bill of materials is known to contains;

The quantity of each direct material that is required to complete a unit of product.The type of each direct material that is required to complete a unit of product.

Direct materials costs are known to be recorded on the job cost sheet when the materials are issued to the specific job.

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What are the two types of INCOME taxes taken out of your paycheck?

A) State and Federal
B) Social Security and Local

Answers

a but i’m not so sure that’s correct
A) state and federal

Sole proprietorships are limited in their options for raising money. These options include which of the following? (Choose ALL correct answers).
a. financing by selling ownership in their business venture
b. financing using the proprietor's personal resources
c. financing the business through debt
d. taking on a partner

Answers

Sole proprietorships are limited in their options for raising money. These options include B) financing using the proprietor's personal resources and C) financing the business through debt.

What is Sole proprietorship?

A sole proprietorship is an unincorporated company that is solely owned and controlled by one person who is legally responsible for all aspects of the company's business. Since there is no legal division between the individual and the company, the proprietor has full control over the business and is responsible for its profits and losses.

Most importantly, the sole proprietorship is an inexpensive and simple business structure, but it has limited options for financing.

The following are some of the options available to a sole proprietorship for raising money:

Financing using the proprietor's personal resourcesFinancing the business through debt

Thus, the options for raising money in a sole proprietorship include financing using the proprietor's personal resources and financing the business through debt.

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Which type of power steering system relies on inputs to sense the steering
effort?
A) HPAS
B) EPAS
C) Both A and B
D) Neither A nor B
Back
50 of 61
Next
Submit All
!!!

Answers

Answer:

Hi

Explanation:

C is the correct answer

Which of the following two components are the two main sources of the total demand for financial capital in the U.S. economy?
Select all that apply: 2 correct answers
A. private sector investment
B. government borrowing
C. the inflow of financial capital from foreign investors
D. saving by individuals and firms

Answers

Private sector investment refers to the spending by businesses on capital goods such as machinery, equipment, and buildings, as well as on research and development, marketing, and other activities that are aimed at increasing their productivity and expanding their operations. This investment spending is financed by borrowing from financial markets or by issuing equity securities.

Saving by individuals and firms refers to the amount of income that is not spent on consumption but is instead saved or invested. This savings is then made available to financial markets, which intermediates it to fund private sector investment and other uses of capital.

While government borrowing and the inflow of financial capital from foreign investors are important sources of capital in the economy, they are not considered the two main sources of demand for financial capital. Government borrowing refers to the amount of funds that the government borrows from financial markets to finance its budget deficits. The inflow of financial capital from foreign investors refers to the amount of funds that are invested in the U.S. by foreign investors, either directly or through financial intermediaries. These sources of capital are important, but they do not drive the total demand for financial capital in the same way that private sector investment and saving by individuals and firms do.

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The two main sources of total demand for financial capital in the U.S. economy are private sector investment and saving by individuals and firms. Both components contribute significantly to the overall demand for financial capital. Correct answer is option A and D

Private sector investment refers to businesses and organizations investing in new ventures, expanding operations, or acquiring assets. This investment contributes to economic growth and drives the need for financial capital.

Saving by individuals and firms represents the portion of income that is not spent on immediate consumption. This saved money is channeled into financial institutions, such as banks or investment firms, where it can be used to fund loans, investment projects, or other financial activities. Saving helps to create a pool of financial capital that can be accessed by borrowers to support their investment and consumption needs.

While government borrowing and the inflow of financial capital from foreign investors also have an impact on the financial capital market, they are not considered the two main sources of total demand. These factors can influence the availability and cost of financial capital but do not directly represent the demand for financial capital within the U.S. economy. Correct answer is option A and D

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You should inform the person who is writing your letter of recommendation of
all of the following things except

A. where you are applying and why.
B. when the letter is due.
C. what you would like him or her to write.
D. what type of financial aid you are seeking.

Answers

Answer:

D.what type of financial aid you are seeking

Yong teaches students with learning disabilities and physical disabilities. Barb teaches computer programming to high school students. Maya works in a private school teaching math to seventh-grade students. Destiny works in a college teaching English to adult students. Tanner helps an elementary school teacher and works under the guidance of that teacher.

Answers

1. Special education teacher
2. Career and technical education teacher
3. Middle school teacher
4. Post secondary teacher
5. Teacher assistant

Answer:

1. Special education teacher 

2. Career and technical education teacher

3. Middle school teacher

4. Post secondary teacher

5. Teacher assistant

Explanation:

explain the legal and ethical issues which are associated with the contingent workers and h-1b visa holders? Which of the following is not an advantage for organizations that employ contingent workers?
a. The company can release contingent works when they are longer needed
b. Training cost are kept to a minimum
c. Contingent works provide a way to meet fluctuacting staffing needs
d. The contingent worker’s experience may be useful to the next firm that hires him or her

Answers

The legal and ethical issues associated with contingent workers and H-1B visa holders include proper classification, compliance with employment laws, contractual obligations, fair treatment, job insecurity, lack of career development, and wage disparities.

Therefore, option b is not the correct choice as it represents a benefit for organizations employing contingent workers.

How do contingent workers and H-1B visa holders pose legal and ethical challenges?

Legal and Ethical Issues Associated with Contingent Workers and H-1B Visa Holders:

1. Legal Issues:

  a. Classification: Determining the proper classification of contingent workers is a legal challenge. Misclassifying workers as independent contractors when they should be considered employees can lead to legal consequences, such as fines and penalties for violating labor laws.

  b. Employment Laws: Organizations need to ensure that contingent workers receive the same legal protections and benefits as regular employees, including minimum wage, overtime pay, workers' compensation, and anti-discrimination laws.

  c. Contractual Obligations: Properly defining the terms and conditions of the contractual relationship with contingent workers is essential to avoid legal disputes and breach of contract claims.

  d. Immigration Compliance: Employers hiring H-1B visa holders must comply with immigration laws and regulations, including ensuring that the visa holders are qualified for the positions and maintaining compliance with reporting and documentation requirements.

2. Ethical Issues:

  a. Fair Treatment: Treating contingent workers as second-class employees or denying them benefits and protections can raise ethical concerns about fairness and equality in the workplace.

  b. Job Insecurity: Contingent workers often face uncertainty and lack job security due to the temporary nature of their employment, which can lead to ethical concerns regarding their overall well-being.

  c. Lack of Career Development: Organizations that do not provide opportunities for skill development and career advancement to contingent workers may be seen as ethically questionable.

  d. Wage Disparities: Pay disparities between contingent workers and regular employees performing similar work can raise ethical concerns about fairness and equitable compensation.

Which of the following is not an advantage for organizations that employ contingent workers?

b. Training costs are kept to a minimum.

Explanation: Training costs being kept to a minimum is an advantage for organizations that employ contingent workers. By hiring workers with pre-existing skills and experience, organizations can reduce the need for extensive training programs. This advantage allows organizations to save time and resources while quickly integrating contingent workers into their operations.

Therefore, option b is not the correct choice as it represents a benefit for organizations employing contingent workers.

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You are about to start a new project at work you think might be dangerous. Where might you look for health and safety information before you start? Check all of the boxes that apply.

• the OSHA website

• the manufacturer's instructions

• your health and safety office

• research will not help; you cannot protect yourself

Answers

The first 3 are correct but not the last one.

Answer:

A. the OSHA website

B. the manufacturer’s instructions

C. your health and safety office

Explanation:

this is correct

Assume the nominal interest rate on a 15-year fixed-rate mortgage loan is 5 percent. If the expected inflation rate is 2 percent, the expected real interest rate is

Answers

If the expected inflation rate is 2 percent, the expected real interest rate is 3%.

Expected real interest rate

Using this formula

Expected real interest rate=Nominal interest rate-Expected inflation rate

Where:

Nominal interest rate=5%

Expected inflation rate=2%

Let plug in the formula

Expected real interest rate=5%-2%

Expected real interest rate=3%

Inconclusion if the expected inflation rate is 2 percent, the expected real interest rate is 3%.

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Suppose the city of Austin, TX chooses to regulate the number of street vendors operating near the University of Texas by requiring each vendor to own a permit in order to operate. The city gives free permits to all existing vendors and announces that no new permits will ever be issued. Prior to regulation, the costs (including implicit costs) of operating were $85,000 and revenues were $150,000. The city ordinance allows the permits to be bought and sold without restriction. The permits have no expiration date. The interest rate is 10 percent. After regulation, existing street vendors earn an
A. accounting profit of zero.
B. economic profit of $130,000.
C. economic rent of $65,000
D. economic loss.

Answers

Answer:

economic rent of $65,000

Explanation:

Economic rent is the amount of money paid in excess to a factor of production in excess of what is socially optimum

Economic rent = $150,000 - $85,000 = $65,000

Accounting profit= total revenue - explicit cost

Total revenue =price x quantity sold  

Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

Without the regulation, economic profit would be driven to zero.

Do a minor research on at least 5 inventory optimization software providers.Analyze and compare the main services, features and technologies that powers these software's.

Answers

Some options for inventory optimization software providers along with their main services, features, and technologies:

Fishbowl Inventory, Oracle, SAP, MDA software and Epicor.

Inventory optimization software providers

Here are some options for inventory optimization software providers along with their main services, features, and technologies:

1. Fishbowl Inventory:Fishbowl Inventory provides software that enables companies to manage their inventory, create invoices, and generate reports. The software features a barcode scanner and supports real-time updates. Additionally, Fishbowl Inventory integrates with QuickBooks and supports a variety of manufacturing and order fulfillment features.

2. Oracle:Oracle provides a suite of software that includes inventory optimization features. Their software can be used to manage demand, create sales forecasts, and balance inventory levels. Additionally, Oracle's software can help companies optimize their supply chains and create more efficient purchasing and production processes.

3. SAP:SAP provides software for a wide range of business needs, including inventory optimization. Their software supports real-time updates and includes advanced analytics features. Additionally, SAP's software can help companies optimize their supply chains, reduce costs, and improve their overall efficiency.

4. JDA Software:JDA Software provides software for supply chain optimization, including inventory management features. Their software can be used to create demand forecasts, manage inventory levels, and optimize production processes. Additionally, JDA's software supports advanced analytics and can help companies reduce costs and improve their overall efficiency.

5. Epicor:Epicor provides software for inventory management, order fulfillment, and warehouse management. Their software supports real-time updates and includes advanced analytics features. Additionally, Epicor's software can help companies optimize their supply chains and improve their overall efficiency.

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Measuring the potential cost of business start-up

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The potential cost of starting a business can vary significantly depending on a variety of factors, including the type of business, the location, the size, and the industry.

Here are some key areas to consider when measuring the potential cost of a business start-up:

Legal and administrative costs: This includes expenses such as registering the business, obtaining necessary licenses and permits, and hiring a lawyer or accountant to assist with legal and financial matters. The cost can range from a few hundred dollars to several thousand depending on the complexity of the business structure and the location.

Equipment and supplies: Depending on the nature of the business, equipment and supplies can be a significant expense. This includes items such as computers, furniture, inventory, and tools. The cost can vary widely depending on the type of business and industry.Marketing and advertising: Getting the word out about your business can be crucial for success, and this can come with a cost. This includes expenses such as creating a website, printing business cards and running ads on social media or traditional media. The cost can vary widely depending on the level and reach of the marketing efforts.Rent and utilities: If you plan to have a physical location for your business, you'll need to consider the cost of rent and utilities such as electricity, water, and internet. The cost will depend on the location, size, and type of space you need.Employee wages and benefits: If you plan to hire employees, this can be a significant expense. The cost will depend on the number of employees you need, their skill level, and the benefits you offer.Contingency fund: It's important to have a contingency fund to cover unexpected expenses or emergencies that may arise during the start-up phase of your business. It's recommended to have at least three to six months of operating expenses saved.

Overall, the potential cost of starting a business can vary widely depending on the industry, location, size, and other factors. It's essential to have a detailed business plan and budget in place to accurately measure the potential cost and ensure that you have the necessary funds to start and sustain your business.

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