Youth smoking is more elastic than adult smoking according to price elasticity of demand. This means that the percentage decrease in the quantity of smoking by youths will be larger compared to adults in response to a certain percentage increase in price. This could be due to reasons like lower disposable income among youths or lesser addiction levels.
Explanation:In this context, the given sentence is describing the phenomenon of price elasticity of demand, a fundamental concept in economics. This concept measures how responsive the demand for a good is to a change in its price. If the demand for a good decreases by a larger percentage as compared to the percentage change in its price, we say that demand for this good is highly elastic. Therefore, youth smoking in this case is said to be more elastic than adult smoking. This would mean that if the price of cigarettes increases by a certain percentage, the decrease in the quantity demanded by youths will be larger compared to adults. This phenomenon might be due to the fact that youth have less disposable income as compared to adults or that youth are less addicted to smoking compared to adults and, therefore, more likely to cut back when the prices go up.
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The form of international expansion which gives an organization high potential return because the organization does not have to share its profits with a foreign organization, and it reduces the level of risk because the organization's managers have full control over all aspects of their foreign company's operations, is ________.
The form of international expansion that provides high potential return and reduced risk for an organization is wholly-owned subsidiaries.
Explanation:This form of international expansion gives an organization a high potential return because it does not have to share its profits with a foreign organization and reduces the level of risk because the organization's managers have full control over all aspects of their foreign company's operations and are wholly-owned subsidiaries.
The parent company is a wholly-owned subsidiary company that is entirely owned and controlled by another company. This form of international expansion allows the parent company to have complete autonomy and decision-making power, which can lead to higher profits and reduced risk.
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Suppose the price of jeans is $100 and the price of boots is $100. if charles buys 3 pairs of jeans and 2 pairs of boots each year, charles is not spending all of this budget. charles must receive the same marginal utility from the 3rd pair jeans as he does from the 2nd pair of boots. charles cannot be maximizing utility. jeans must provide more marginal utility than boots. boots must provide more marginal utility than jeans.
Being that Charles is buying more pairs of jeans than boots at the same price, we can infer that jeans have more marginal utility than boots. People will continue to purchase items (provided budget constraints) until their marginal utility is equal to margin cost.
Answer:
The answer is: Charles cannot be maximising his utility
Explanation:
Utility is the satisfaction derived by individuals or firms from the decisions that they make. Utility maximisation requires two conditions: the utilisation of the individual or firm budget and consuming or spending up to the point where marginal utility (utility derived from consuming one more unit) is greater than or equal to price.
Charles is not allocating all his budget to the purchase of jeans and boots. It could be that he derives utility from other goods hence allocating the remaining income to these goods. If Charles derived utility from only boots and jeans and allocated all his budget to the consumption of these two items, then he would maximise his utility such that the 3rd pair of jeans would have the same marginal utility as the 2nd pair of boots. If either of the two goods provided more utility than the other, then Charles would not be maximising his utility given his budget constraints.
In any case, Charles may only maximise utility if: his yearly budget is $500 and the marginal utility from jeans and boots are equal. Since Charles' budget is above $500, he is under allocating his budget and not maximising his utility.
Amy has a very demanding job over which she feels she has no control or decision-making responsibility. she is experiencing
High Job Strain.
This is a type of stress experience by employees who face high demands and low rewards in their position.
Amy has a very demanding job over which she feels she has no control or decision-making responsibility. She is experiencing high job strain. The correct option is d.
Burnout (option a):
Burnout is a state of emotional, physical, and mental exhaustion caused by excessive and prolonged stress. While Amy may be on the path to burnout due to her demanding job, the immediate term used to describe her current situation is more specific.Exhaustion (option b):
Exhaustion refers to a state of extreme physical or mental fatigue. It can be a symptom of burnout but doesn't specifically describe Amy's situation with respect to her job demands and lack of control.Acute Stress Disorder (option c):
Acute Stress Disorder is a psychological condition characterized by severe anxiety, dissociation, and other symptoms that occur within one month after exposure to an extreme traumatic stressor. This does not fit Amy's ongoing situation with her job.High job strain (option d):
High job strain refers to a situation where an individual experiences high job demands coupled with low control or decision-making authority. This aligns closely with Amy's description of her job as demanding with no control or decision-making responsibility.Homeostasis (option e):
Homeostasis refers to the body's ability to maintain internal stability and balance. It does not apply to Amy's work-related stress and lack of control.Therefore, based on the description provided, d. high job strain best characterizes Amy's experience in her demanding job with little control or decision-making responsibility.
The complete question is:
Amy has a very demanding job over which she feels she has no control or decision-making responsibility. She is experiencing ____.
a. burnout
b. exhaustion
c. acute stress disorder
d. high job strain
e. homeostasis
If a firm adopts a production process that is costly in order to reduce pollution, the result is
Adopting a costly production process to reduce pollution results in initial abatement costs for a firm. These costs often increase as the firm reduces more pollution, as cheaper methods are used first with more expensive ones following. The goal is to find a balance between production costs, including pollution reduction, and the value provided to buyers.
When a firm adopts a costly production process to reduce pollution, it typically incurs higher initial costs. These costs are known as abatement costs or marginal abatement costs if they are measured by each additional unit of pollution reduced.
However, firms tend to reduce pollution where it is cheapest to do so, using the least expensive methods initially. As a result, the marginal cost of pollution reduction generally increases with the quantity reduced, because cheaper and easier methods are employed first, with subsequent reductions in pollution becoming progressively more expensive.
For example, consider a scenario where a firm must reduce particulate emissions. The cost to reduce their emissions may start lower, but as the firm continues to reduce more pollutants, the expenses increase significantly due to more sophisticated and costly technology or methods becoming necessary. In economics, this pattern is well understood and is depicted in the marginal cost curves that firms face when they decide to reduce pollution levels.
It's important to note that such investments in pollution abatement may lead to higher product prices in the short term, but can sometimes be offset by reduced external costs and potential regulatory penalties for pollution. Also, an efficient outcome does not always necessitate a zero level of pollution; it is a balance between the cost to buyers of losing the good and the full cost of its production, which includes the costs associated with pollution.
If average fixed costs equal $60 and average total costs equal $120 when output is 100, the total variable cost must be:
The average variable cost per unit is 60 cents
Total costs= fixed costs + (variable costs x number of units)
Solve where x= variable cost per unit
$120= $60 + $100x Subtract 60 from both sides
60 = 100x Divide by 100
x = $0.60
To calculate the total variable cost with given average fixed costs of $60 and average total costs of $120 at an output of 100, you subtract the average fixed cost from the average total cost to find the average variable cost, and then multiply by the output to find the total variable cost, which is $6000.
To find the total variable cost given the average fixed costs and average total costs for a certain output, we will use the following definitions:
Average total costs (ATC) is the sum of average fixed costs (AFC) and average variable costs (AVC). Mathematically, ATC = AFC + AVC. Since we are given that AFC = $60 and ATC = $120 when output (Q) is 100, we can substitute these values into the equation to get $120 = $60 + AVC. Solving for AVC gives us AVC = $120 - $60, so AVC = $60. We can then calculate the total variable cost (TVC) by multiplying the AVC by the output Q: TVC = AVC * Q. Substituting AVC = $60 and Q = 100, we have TVC = $60 * 100, which equals $6000. Therefore, the total variable cost when the output is 100 is $6000.
One requirement for an industry to be perfectly competitive is that there are no restrictions on entry into or exit from the market.
a. True
b. False
This is true and is one requirement for a market to be perfectly competitive.
Identify the expression which represents the calculation "add 8 and 7, then multiply by 2." A) (2 × 8) + 7 B) 8 + (7 × 2) Eliminate C) 2 + (8 × 7) D) 2 x (8 + 7)
The correct answer is choice D.
In this choice you first add 8 + 7 inside of the parentheses. Remember, using the correct order of operations, you do what is inside of the parentheses first, and then multiply by the 2 which is outside of them.
The expression that represents the calculation "add 8 and 7, then multiply by 2." is 2 x (8 + 7). The correct option is D.
What are the equivalent expressions?Expressions that are equivalent to the same thing, even when they have distinct appearances. When we enter the same value(s) for the variable, two algebraic expressions that are equivalent have the same value (s).
We have the expression:
"Add 8 and 7, then multiply by 2."
In order to solve the problem in the numerator form:
First, we add the 8 and 7.
So, 8+7.
Now multiply by 2
(8+7) x 2
And the equivalent expression is
2 x (8 + 7)
Therefore, the expression is 2 x (8 + 7).
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In a practical sense, the best size for a team is:A. between two and twenty-five members.B. five or fewer people.C. determined by the task to be performed.D. as large as possible.E. unknown; research has not studied this.
C is the correct answer because it really varies depending on the game.
True or false: to promote stability in commodity markets, international commodity agreements have relied on production and export controls, buffer stocks, and multilateral contracts.
true- To promote stability in commodity markets, international commodity agreements have relied on production and export controls, buffer stocks, and multilateral contracts.
The statement is true as international commodity agreements have used production and export controls, buffer stocks, and multilateral contracts to foster market stability. These agreements aim to mitigate price volatility for various commodities.
True: International commodity agreements have historically employed mechanisms such as production and export controls, buffer stocks, and multilateral contracts to promote stability in commodity markets. As attempts to stabilize these markets date back to the 1920s, various commodities including sugar, steel, cocoa, coffee, cotton, rubber, tea, tin, and wheat have been subject to such agreements.
Buffer stocks are used to smooth out price volatility by buying up the commodity when prices are low and selling when prices are high. Production and export controls help manage the supply of commodities to prevent market gluts or shortages. Multilateral contracts between countries ensure a level of predictability and stability in trade relations. Overall, these measures aim at achieving more predictable and sustainable pricing within international markets, which can be beneficial to both producers and consumers by reducing the unpredictability caused by price swings.
However, while such measures can counteract some market forces and dampen the harshest effects of price volatility, they are not always successful and can sometimes disrupt the natural supply and demand balance. For instance, during the 1980s, U.S. price supports and production controls for certain commodities were found to be counterproductive as they priced the goods out of the global market. Additionally, while international agreements can provide a counterbalance to domestic protectionist interests and promote more global market integration, they can also lead to reduced profitability or market exit for less competitive firms.
A young thomas edison makes 20 light bulbs a week in his dorm room. the parts for each light bulb cost $2.00. he sells each light bulb for $5.00. general electric offers thomas an executive job that pays $50.00 a week. thomas's weekly economic profit from making light bulbs is equal to:
$10.00 is the answer.
20 x $2 = $40
20 x $5 = $100
$100 - $40 = $60
$60 - $50 = $10
Thomas's weekly economic profit from making light bulbs is equal to: $10
Using this formula
Economic profit = Total revenue – ( Explicit costs + Implicit costs)
Let plug in the formula
Economic profit=[($5-$2)×20]-$50
Economic profit=($3×20)-$50
Economic profit=$60-$50
Economic profit=$10
Inconclusion Thomas's weekly economic profit from making light bulbs is equal to:$10
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As the economy nears the end of an expansion, interest rates usually ________ and wages raise more ________ than prices.
Interest rates rise and wages rise more slowly than prices.
Kiara, a waitress, received a salary increment. even though kiara's coworkers received a five percent higher increment than her, kiara perceived the hike to be in line with her performance and experience. in the given scenario, kiara _____ to restore equity. increased her outcomes rationalized her outcome/input (o/i) ratio decreased her inputs changed her referent
changed her referent
Kiara likely rationalized her lower salary raise by adjusting her perception of the situation, believing her performance and experience justified the increment she received.
The scenario presented describes Kiara, a waitress, who received a salary increment that was five percent lower than her coworkers. According to equity theory, individuals try to maintain equity between the inputs they bring to a job and the outcomes they receive from it compared to others in similar positions. When Kiara perceived her lower salary increment as equitable, she likely engaged in a cognitive process to rationalize her outcome/input (O/I) ratio in response to perceived inequity. She could have justified the situation by believing that although her raise was smaller, her performance and experience warranted it. This psychological adjustment helped her perceive the situation as fair despite the initial disparity.
Which of the following statements about stereotypes is true? Multiple Choice
They have no basis in reality.
They should never be used in international business for any reason.
They are positive generalizations about a culture.
They can blind us to people's true natures.
They are more likely to exemplify an individual than a general type.
They can blind us to people's true natures.
The true statement about stereotypes is that they can blind us to people's true natures by promoting generalized traits over individual characteristics, often leading to prejudice.
Among the statements provided about stereotypes, the one that is true is that they can blind us to people's true natures. Stereotypes are oversimplified and can be positive, negative, or neutral, but they often lead to a lack of recognition of an individual's unique characteristics and abilities. It is critical to understand that stereotypes, even seemingly positive ones, can have detrimental effects by creating unrealistic expectations and reducing individual identity to a set of generalized traits. This leads to poor communication and can perpetuate prejudice.
Which types of food items have labor "built in" to their prices?
a. make or buy items
b. convenience items
c. scratch items
d. standard items?
make or buy items is the best option
Make or buy items would probably be it.
The decisions you make with your money is called what?
Budjeting things or saving or spending it can go both ways
________ refers to the sale of two or more goods or services as a single package for one price. two-part pricing captive pricing price bundling list pricing everyday low pricing
Price bundling.
This combines multiple items for a single, discounted price. Even though the combined price is lower, it actually can help profits and sales because it encourages customers to buy more than they otherwise would.
Eight years ago, ms. jones, a farmer, inherited a large parcel of land that had a fair market value of $150,000 at that time. she used the large parcel in her farming operations. in the current year, ms. jones decided she no longer wanted the large parcel in her farm operations, so she offered it for sale for $250,000. mr. oak approached ms. jones with an offer to exchange a small parcel (which ms. jones wanted for her farming operations) and some farm equipment for the large parcel. the small parcel had a fair market value of $200,000, and the equipment had a fair market value of $50,000.
Final answer:
Ms. Jones's land trade involves exchanging her $250,000 parcel for a smaller parcel and farm equipment, cumulatively valued at $250,000, resulting in an even trade with no immediate financial gain or loss.
Explanation:
Ms. Jones inherited land valued at $150,000 and is now offering it for $250,000. Mr. Oak proposes a trade involving a smaller parcel of land valued at $200,000 and farm equipment worth $50,000 for Ms. Jones's larger parcel. By accepting the trade, Ms. Jones will engage in a barter transaction, where she exchanges her land valued at $250,000 for assets (land and equipment) that are also cumulatively worth $250,000.
In this transaction, Ms. Jones would have neither financial gain nor loss on the transaction since the fair market value of what she is getting is equal to the fair market value of what she is giving up. It should be noted that in real-world scenarios, tax implications need to be considered for such exchanges.
The Coase Theorem suggests that private markets may not be able to solve the problem of externalitiesa. if the government does not become involved in the process. b. When the number of interested parties is very large and bargaining costs are relatively high c. if the firm in the market is a monopoly. d. if some people benefit from the externality.
Answer: B. When the number of interested parties is very large and bargaining costs are relatively high.
Explanation: The Coase Theorem is a legal and economical theory used to describe competitive markets. When the competitive markets are high, bargaining costs are high because each company is is fighting for use of the production and distribution channels. There are efficient input and output levels in a competitive market.
Sylvia wants to purchase a home. she is recently divorced and is receiving alimony for the next ten years in addition to child support for her three year old son. she has been in her present job for five years. what sources of income can she include in her loan application?
Her salary from her job, alimony, and child support. All of these impact her income and can be included. The specific requirements vary by the type of lan and lender.
Suppose that households became mistrustful of the banking system and decide to decrease their checking account balances and increase their holdings of currency. Using the money demand and money supply model and assuming everything else is held constant, the equilibrium interest rate should A) increase. B) decrease C) not change. D) increase, then decrease.
Answer: The equilibrium interest rate should A. increase.
Explanation: The demand curve for money shows the quantity of money that is demanded at a given interest rate. The money supply model shows the money supply that is set at a given interest rate. If there is an increase in interest rates the equilibrium rate will increase to adjust for the rising rates.
________ are said to be at "arm's length," while ________ are to be reported separately in the financial statements.
Answer:
The answer to the first blank is credit sales to customers, the second blank space is loans to company officers.
Explanation:
When offering credit sales to customers, financial institutions tend to operate in an arm’s length setting, which is the default operating process when dealing with customers. This differs from when they offer loans to company officers, or the company’s employees. Depending on the company, employees might be able to access credit at a different rate compared to the normal customers. Nevertheless, these transactions should be recorded separately from the financial statements made in the company.
Arm's length transactions involve independent parties acting in their own self-interest, which often occur between related parties. Contingent liabilities, potential obligations dependent on future events, must be reported separately in financial statements.
Explanation:In the context of financial statements, transactions between related parties are said to be at "arm's length," while contingent liabilities are to be reported separately. An "arm's length" transaction refers to a transaction where both parties act independently and have no relationship to each other. This ensures that all parties involved in the transaction are acting in their own self-interest and are not subject to any external pressure or influence.
On the other hand, contingent liabilities are possible obligations that arise from past events which will be confirmed only on the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity. They are to be reported separately in the financial statements because it's obligated by the accounting rules and important for both investors and creditors.
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The first step of added-value negotiation is:A. identify options.B. perfect the deal.C. design alternative deal packages.D. clarify interests.E. select a deal.
The correct answer is choice d - clarify interests.
When negotiating, it is important to clarify what your interests are before you begin. After you clarify interests, you will continue through the added-value negotiation process with the next step, which is identify options.
If planned aggregate spending in an economy can be written as pae = 15,000 + 0.6y - 20,000r, and potential output equals 36,000, what real interest rate must the federal reserve set to bring the economy to full employment?
This is hard lollllllllllll
Michael owns a small plane that he flies on weekends. his insurance agent informs him that aircraft are excluded as personal property under his homeowner's policy. as an insured, he feels that his plane should be covered just like any other personal property he owns. explain the rationale for excluding certain types of property, such as aircraft, under the homeowner's policy.
Certain types of property are generally excluded from homeowner's policies because there are not needed by the typical homeowner (most people don't own a plane) and including those risks in the policy would unfairly increase premiums for the pool of the rest of policy holders who do not own planes/need that protection. Also, there are other types of insurance that cover specific types of property such as cars, equipment, and air planes.
Explanation of why certain properties like aircraft are excluded from homeowner's insurance policies due to specialized risks and the need for specific tailored coverage.
One of the rationales for excluding certain types of property, such as aircraft, from homeowner's policies is the specialized risks associated with them. Aircraft typically involve higher liability and damage risks compared to standard personal property, necessitating separate, more specific insurance coverage. Insurance companies tailor policies to manage risks effectively, and excluding certain types of property helps ensure that each item is adequately covered according to its unique risk profile.
Refer to exhibit 22-13. what dollar amounts go in blanks (p) and (q), respectively?
a. $30; $80
b. $93.33; $82.50
c. $120; $125
d. $10; 95
e. there is not enough information to answer this question.
b
please give brainlest
I just did this lat year the answer is b
From a(n) _____ standpoint, the effect on performance motivation may be limited in ownership program because of the less obvious link between pay and performance.A. agency theoryB. equity theoryC. efficiency wage theoryD. reinforcement theoryE. contract theory
From a D. Reinforcement theory standpoint, the effect on performance motivation may be limited in ownership program because of the less obvious link between pay and performance. The reinforcement theory states that the way a person behaviors is a direct relation to how the consequences that may come from making that decision. If consequences are behavior are controlled by consequences then the reinforcements may be controlled pay rewards or pay.
Final answer:
From the perspective of equity theory, motivation may be minimally affected in ownership programs due to an indirect connection between pay and performance. Equity theory suggests that clear connections between effort and reward are necessary to maintain employee motivation. Yet, efficiency wage theory counters with the idea that higher pay can inherently motivate employees to perform well and stay committed to their company.
Explanation:
From an equity theory standpoint, the impact on motivation may be constrained in ownership programs due to the less direct connection between compensation and performance. Equity theory posits that employees feel demotivated when they perceive the distribution of rewards as unfair, based on the comparison of their input to output ratio with those of others. When the link between effort and reward is not clear or immediate, as can be the case with ownership programs, this could lead to a decrease in worker's motivation because the tie to performance isn't as transparent compared to systems with direct performance-related rewards.
Efficiency wage theory, however, suggests that paying employees more than the market rate can increase productivity as employees value the higher wage and are motivated to maintain their employment to avoid a potential wage decrease. Higher wages serve as motivation for employees to work harder and stay with the employer, recognizing the benefit they have compared to the market. Thus, when designing reward systems within a company, employers need to consider how the structure of their programs aligns employee perception of fairness with the motivation to perform.
If the Federal Reserve decreased the money supply, what would the effects be? Check all that apply.
The Federal Reserve decreases the supply of money to slow the economy. This means interest rates would increase while investing and borrowing would decrease.
Answer:
If the Federal Reserve decides to lower the reserve ratio through an expansionary monetary policy, commercial banks are required to keep less cash on hand and are able to increase the number of loans to give consumers and businesses. This increases the money supply, economic growth and the rate of inflation.
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________________ introduced an approach to management known as scientific management. select one:
a. chester barnard
b. max weber
c. henry gantt
d. frank and lillian gilbreth
e. frederick taylor
A university using benefit segmentation and targeting students who want to get a degree quickly while still working full time would most likely focus on
This type of university should focus on convenience of scheduling and taking classes, either in person or online.
Answer:
teaching at the indicated time and offering online courses
Explanation:
In general, evening hours are offered so that it does not overlap with work schedules. But there is also the possibility of online training which has several advantages:
Hundreds of training possibilities
- Virtual education costs
- It allows you to take your studies from anywhere
- It allows you to save time
- You can choose when to study
- It allows a balance between study and work
- It offers you the possibility of advancing at your own pace
- Promotes responsibility and autonomy
If you were the President of the United States, what are some of the changes you would make?
I'll do minor things which will cause hopefully no major damage…
id invite a priest, minister, and rabbi to stick around for the period. Might need them for spiritual advice. I might grant myself a pardon for any acts which seem unlawful during my 24 hour Presidency.
Sign an Executive Order designating the next day as a Federal Holiday.
Declare my house a National Monument.
Have plenty of autograph pictures printed at the White House by my 22nd hour in office to give to the museum adjacent to the National Monument. Such as sitting in the Oval Office, standing at the podium, sitting in the Cabinet room presiding over a meeting, waving from Marine One.
Allow my mom and dad to fly in Air Force One to wherever they want to go in my 24 hour Presidency, provided they get home by the 23rd hour. Appoint them as “honorary goodwill Ambassadors” with no pay. Maybe give each of them The Presidential Medal of Freedom. They're good parents and should be recognized for that. Parents deserve the best.
Get some souvenirs from the White House..like golf balls, M and M’s, face towels, mugs, maybe a Presidential Flag, Bomber Jacket with Presidential seal.
Put some monster truck wheels on the Presidential Limo. Drive it around the White House a couple times.
Invite a foreign leader or two for a state dinner. Because of time restrictions, I'll call Pizza Hut from the Oval Office for several pizzas, breadsticks, and sodas..and invite press to a free meal. Ill need as much positive coverage as possible for my 24 hours as President. I hope The Secret Service will cause a 30 minute delay, so the pizzas are free. ;-) Invite a couple celebrities to join the dinner who can make the night pleasant…like Larry the Cable Guy, the publisher of my memoirs, my nieces.
If the 24 hour Presidency falls on Saturday Night… have a cameo appearance on SNL with the actor chosen to impersonate me. If I'm short on time to appear physically, then a video appearance is cool.
Invite the Congressional Leadership and the Cabinet to the White House to meet a couple gym teachers from the local high school for about an hour. Let the teachers get the government back “into shape”. Minor exercises, like you give to the old people on cruise ships. It would be bad public relations if The President pro tempore of the Senate got a heart attack doing 20 pushups. Wouldn't want to be impeached in the 24 hour cycle.
Free medical checkup by the Surgeon General.
Sign into law a bill increasing the pension for former Presidents. Add secret service for life.
Thank God for the unique opportunity.