Employers may pay nonexempt employees who work fluctuating schedules a fixed salary, in these cases, the extra pay is None of the above are correct.
Many firms simply pay an hourly rate plus time and a half for every hour worked in excess of forty. But there are also other legal ways to pay nonexempt workers and determine how much overtime they are due.
Nonexempt employees are paid a defined weekly salary under the variable workweek approach, which is described in 29 CFR 778.114, regardless of the number of hours they put in.
They also earn additional overtime compensation when they clock in for more than 40 hours in a workweek. In other words, whether an employee works 30, 40, or more hours a week, their pay remains the same.
Every hour the employee works over 40 in a workweek that exceeds 40 is compensated with additional overtime pay.
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What cognitive bias is in play when individuals draw conclusions based on very small samples or a single anecdote, thus violating the law of large numbers?
Representativeness is the cognitive bias is in play when individuals draw conclusions based on very small samples or a single anecdote, thus violating the law of large numbers.
Representativeness is defined as the extent of ways well or how correctly something displays upon a pattern. When a have a look gives a terrific indication of what the complete population believes, that is an example of a study with proper representativeness. The country or first-class of being as it should be consultant of something.
Police who're looking for a suspect in a criminal offense would possibly consciousness disproportionately of the Black humans they seek because the representativeness heuristic (and the stereotypes that they are drawing on) reasons them to anticipate that a Black person is much more likely to be a crook than any individual from another institution.
A representativeness heuristic is a cognitive bias in which an individual categorizes a scenario primarily based on a pattern of previous reviews or ideals approximately the scenario. It could be beneficial when seeking to make a brief decision however it can additionally be restricting because it leads to close-mindedness which include in stereotypes.
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The multi-faceted political and economic philosophy that emphasizes privatization and unregulated markets is?
The multi-faceted political and economic philosophy that emphasizes privatization and unregulated markets is neoliberalism.
Philosophy is the systematic study of general and fundamental questions such as existence, reason, knowledge, values, mind and language. Such questions are often asked as problems to be investigated or solved.
It is the rational search for basic truths, the search for understanding, the study of behavioral principles. It seeks to establish standards of evidence, provide rational methods for resolving conflicts, and develop techniques for evaluating ideas and arguments.
Philosophy is a collection of ideals, standards, or beliefs used to explain behavior and thought. A typical example of philosophy is Buddhism.
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A defect on a title that can be monetary or physical is called an ______. Unset starred question Agreement Appurtenance Encumbrance Eviction
An encumbrance is the term that is used to refer to the defect on a title that can be monetary or physical.
What is an encumbrance?In layman speech this used to refer to a burden. It is a burden that is due to the fact that a person is owing.
The encumbrance is the claim that is made against a property. The person that is making this claim is usually not the owner of this property that he or she is trying to or laying a claim on.
Some popular types are
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Herald company had sales of $137,000, sales discounts of $2,050, and sales returns of $3,290. Herald company's net sales equals?
Herald company had sales of $137,000, sales discounts of $2,050, and sales returns of $3,290. Herald company's net sales equals
135000 - 2000 - 3200 = $129800
The total of a company's net sales is its gross sales less any returns, allowances, and discounts. Externally, net sales calculations are not always obvious. They can often be considered into the reporting of top line revenues reported on the income statement.
Companies can not be very open with the public about their net sales. Because of the various factors that go into its calculation, net sales could not apply to every business and industry. Gross revenue less any relevant sales returns, allowances, and discounts results in net sales.
Gross profit and gross profit margin will be impacted by costs related to net sales, however net sales do not take into account cost of goods sold, which is typically the main factor influencing gross profit margins.
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The more ________ used, the greater the leverage a company employs on behalf of its owners.
The more "DEBT" used, the greater the leverage a company employs on behalf of its owners.
What is DEBT?A debt is something that one party borrows from another, typically money. Many businesses and people utilize debt to finance significant expenditures that they would not normally be able to afford.
Some characteristics of DEBT are-
An agreement to borrow money with the need that it be repaid at a later time, typically with interest, is known as a debt arrangement.Debt is money that one party borrows from another.Many businesses and individuals utilize debt as a means of financing significant purchases that they would otherwise not be able to make.In a financial agreement based on debt, the borrowing party is granted permission to borrow funds subject to the need that they be repaid at a later time, typically with interest.The four primary forms of debt are secured, unsecured, revolving, and mortgaged.Bonds are a type of debt that businesses issue to raise money.To know more about debts, here
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A foreign automaker that assembles its cars in the United States purchases its airbags from a Southeast Asian company. The supplier sends the goods via ship, with the Port of Los Angeles as its destination. From there, the airbags are shipped via rail to Chicago, Illinois, where they are loaded onto a truck for their final destination to the assembly plant in a small town in Indiana. The automaker uses __________ shipping to transport its goods.
The automaker uses an intermodal shipping to transport its goods such as onto a truck for their final destination to the assembly plant in a small town in Indiana.
What is an intermodal shipping?Also known as intermodal transportation, it refers to the movement of freight by two or more modes of transportation either by loading cargo into intermodal containers or shipments to move seamlessly between trucks, trains and cargo ships.
The most common instances of an intermodal transportation is rail transport which helps to transports passengers and goods using trains or trucks.
Also, the shipping transportation is also a popular form of an intermodal transportation because of its freight deliveries.
Hence, the automaker uses an intermodal shipping to transport its goods such as onto a truck for their final destination to the assembly plant in a small town in Indiana.
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When installing aerial fiber-optic cable employing the back-pull method, how should the cable trailer be positioned in order to keep the cable from rubbing on the pole or cable reel when pulled?
The trailer should be positioned in line with the strand and at least twice the distance from the pole as the height from the ground to the set-up chute.
What part of the cable do you use to pull the fiber cable?
The reinforced yarn fibers inside the outer jacket are what should always be used to pull fiber optic cables. By removing a little section of the jacket with a three-hole cable str!pper, this strength member can be seen.
How is slack in aerial installations of fiber optic cable typically stored?
Slack cable is typically kept in a neighboring subterranean splice vault, a snowshoe-style storage device, or a coil installed on a strand. Using cable ties, fasten the loose cable to the strand. As the cable gets closer to the strand, its minimum bend diameter is required.
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The ____ of the characteristic line of a stock's returns versus those of the market measures the stock's systematic risk
The slope of the characteristic line of a stock's returns versus those of the market measures the stock's systematic risk.
When purchasing large amounts of light bulbs, which purchase method would an organization most likely use?
When purchasing large amounts of light bulbs, purchase method would an organization most likely use is sampling.
Sampling is that process which is used in statistical analysis in which a predetermined number of observations are taken from a larger population.
This methodology of sampling is used to take sample from a larger population depends on the type of analysis being performed.
It may include simple random sampling or systematic sampling.
Managers within a company may generally use customer sampling to assess the demand for new products or the success of marketing efforts.
The chosen sample should always be a fair representation of the entire population. When taking the sample from the larger population, it is important to consider how the sample is chosen. In order to get a representative sample, it must be drawn randomly and encompass the whole population.
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What is the process of gathering information about the competitive environment, including competitors’ plans, activities, and products, to improve a company’s ability to succeed?
The process of gathering information about the competitive environment, including competitors’ plans, activities, and products, to improve a company’s ability to succeed is called competitive intelligence.
In today's growing economy, competitive intelligence plays a very important role in making a business successful. With competitive intelligence, companies evaluate how their competition is selling and positioning their products and thus, they take advantage of the market gaps to enhance profit margins.
The competitive intelligence is the result of a company's efforts in order to gather and analyze information about its business environment, industry, competitors, and their products.
Hence, based on such information the company goals of directing their future strategy.
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______ is a tool that reminds managers to look at several distinct categories in the macro environment.
Pestel is a tool that reminds managers to look at several distinct categories in the macro environment.
What is the macro environment?This is the term that is used to refer to the environment that is made up of the major forces that are both external and also uncontrollable that is used to influence the decision making process of a firm.
The macro environment is made up of such factors such as demographics, economy, technology, political and a lot more of other factors. They are used to control the decision making process in the nation. It is also referred to as the environment at large
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The cost approach method of appraisal is most appropriate for?
a. older homes.
b. single-family detached houses.
c. multi-family structures.
d. special use property.
The right choice of answer is option D which is special use property.
A special-use property is defined as a building with special construction materials, unique physical design or arrangement that limits its utility to the use for which it was built. They are typically single-purpose buildings which are adaptable to only one particular process, use or even one particular company
What is the Cost Approach Method?The cost approach is a real estate valuation method that estimates the price a buyer should pay for a piece of property is equal the cost to build an equivalent building. In the cost approach, the property's value is equal to the cost of land, plus total costs of construction, less depreciation.The cost approach method is based on the assumption that a potential buyer of a property should pay a price that is equal to the cost of constructing an equivalent building. The market value of a real estate property is the sum of the value of the land and site improvements on the land, less any accrued depreciationTo learn more about cost approach method, click the links
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Other things the same, as the price level decreases it induces greater spending on.
Other things being equal, as the price level falls, it induces greater spending, net exports like investment.
What happens when prices decrease?In the economy, the decrease in the prices of goods and products generates a consequent increase in the purchasing power of consumers, who spend more money and increase the aggregate demand curve.
There is also greater spending on exports and on investment, as lower prices attract more consumers, lowering the market's equilibrium interest rate.
When the price level decreases, the phenomenon of deflation occurs, which in the long term can cause a series of negative events for a country's economy, such as the triggering of a market crisis, which can lead to the closure of industries. , unemployment, and reduced income of individuals.
An example of deflation is the recession of 1929, with the fall of the New York Stock Exchange, which had several negative consequences for the American economy.
Therefore, deflation can be caused by an economic crisis that forces companies to reduce the prices of their goods and services, a situation that must be avoided through economic equilibrium and price increases in a controlled and periodic manner.
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If an organization allows byod, how can employees make sure that their device is secured?.
Virtual Private Network (VPN) and antivirus solutions in order to reduce the chances of exposing corporate data.
What is VPN?Users can send and receive data across shared or public networks as if their computing equipment were directly linked to the private network thanks to a virtual private network, which enables a private network to be extended across a public network.
What is Antivirus software?Computer programs used to prevent, identify, and eliminate malware are referred to as antivirus software or anti-malware. In order to find and eliminate computer infections, antivirus software was first created.
To decrease the risk of corporate data being compromised, a smart BYOD policy should mandate that employees always keep their personal devices password-protected (and use multi-factor authentication). Employees should also think about utilizing a Virtual Private Network (VPN) and antivirus software.
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What is true of the personal property of others coverage provied by the building and personal property coverage form?
(A) The policy covers the property of others that is in the care, custody, and control of the insured is true of the Personal Property of Others coverage provided by the Building and Personal Property Coverage Form.
What is Personal Property Coverage Form?Form for personal property coverage (BPP), this form allows a business owner to cover the buildings, fixtures, machinery and equipment, and personal property utilized in business, as well as the personal property of those for whom the business owner is liable, under a single policy.Building coverage may include goods permanently attached to the building, whereas personal property coverage includes items that are not permanently attached to the building. Land, water, plants, streets, crops, bushes, money, accounts, instruments, or trees are not covered under the building or personal property coverage.The Personal Property of Others coverage offered by the Building and Personal Property Coverage Form covers the property of others that is in the insured's care, custody, and control.Therefore, (A) the policy covers the property of others that is in the care, custody, and control of the insured is true of the Personal Property of Others coverage provided by the Building and Personal Property Coverage Form.
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The complete question is given below:
Which is true of the Personal Property of Others coverage provided by the Building and Personal Property Coverage Form?
A. The policy covers the property of others that is in the care, custody, and control of the insured
B. The policy covers the property of others against loss by theft
C. Property of others is covered at up to $5,000 per described location.
D. The policy covers the interest of others in property that the insured is purchasing on an installment plan
_____ are described as shared beliefs about how people should think and behave. an example would be showing up on time for meetings
Norms are described as shared beliefs about how people should think and behave.
In the society, social norms are perceived as informal, mostly unwritten, rules which thus, define acceptable and appropriate actions, and shared beliefs about how people should think and behave within a given group or community.
Norms guide human behavior, as they consist of what we do, what we believe others do, and what we believe others approve of in a group or community. Thus, norms offer social standards for appropriate and inappropriate behavior which governs what is acceptable in interactions among people.
Hence, norms are unwritten rules of behavior shared by members of a given group or community.
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John and Amy purchased a builder's home warranty when they bought their home. They have found structural damage that could be a detriment to their home. On average, how many years does a home warranty cover structural damage?
John and Amy purchased a builder's home warranty when they bought their home. They have found structural damage that could be a detriment to their home. On average, 10 years warranty cover structural damage.
What is structural damage?Structural damage is any damage that affect a building structure r home. It could be during construction or after building might have been constructed.
This includes damage to walls, roof and foundation of the house. When structural damage occurs, the level of damage can vary some may be so serious that the building may not be used again.
The 10-year insurance covers damage of structures and buildings.
Therefore,
John and Amy purchased a builder's home warranty when they bought their home. They have found structural damage that could be a detriment to their home. On average, 10 years warranty cover structural damage.
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What is the probability that a new college graduate in business will earn a starting salary of at least (to 4 decimals)?
0.2296 is the probability that a new college graduate in business will earn a starting salary of at least (to 4 decimals).
Let X denotes the salary of a new college graduate in business.
P(X > 65,000} = 1− P(X < 65,000)
65111 53901
15011
=1-2
=1-P(x < 0.74)
= 10.7714= 0.2296.
The national average salary for college graduates (overall) has remained constant at about $50,000 to $60,000 for the past several years. Economics, Mathematics, Health Sciences, Engineering, and Computer Science show median annual salaries as high as $52,000 to $71,000 for him.
Specifically, while the median expected salary for a graduate was $60,000, PayScale data shows that a typical graduate with 0-5 years of experience earns $48,400 annually. College students should expect a decent salary after graduation. Ambition is good.
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When the fed finds it necessary to slow down the economy it tightens monetary policy by:______.
When the fed finds it necessary to slow down the economy it tightens monetary policy by raising short-term interest rates through policy changes to the discount rate and federal funds rate.
Tight Monetary Policy: What Is It?
A central bank, such as the Federal Reserve, may adopt a tight, or contractionary, monetary policy in order to tame hot economic growth, restrain expenditure in an economy that is perceived to be expanding too quickly, or slow inflation when it is increasing too quickly.
By increasing short-term interest rates through policy changes to the discount rate and federal funds rate, the central bank tightens monetary policy or makes money scarce. Raising interest rates makes borrowing more expensive and, therefore, less appealing. Selling assets on the central bank's balance sheet to the market through open market operations is another way to conduct strict monetary policy (OMO).
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Jabari is power washing houses for a summer job. for every job, he charges an initial fee plus \$30$30dollar sign, 30 for each hour of work. his total fee for a 444-hour job, for instance, is \$170$170dollar sign, 170. jabari's total fee, fff, for a single job is a function of the number, ttt, of hours it takes him to complete the job. write the function's formula.
f(t) = 50 + 30t
Step-by-step explanation:
Let,Jabari total fee = f (in dollars) and the time taken per hour = t
Let, the initial fee charged = x dollars.
It is given that, $30 is charged per hour for his work.
As, the total fee charged for 4 hour job is 170.
We get the equation,
Initial fee + 30 × 4 = 170
i.e. x + 120 = 170
i.e. x= 170 - 120
i.e. x = 50
Thus, the initial fee is $50
So, Jabari's total fee is given by,
f(t) = Initial fee + 30 × Fee per hour
i.e. f(t) = 50 + 30t
Hence, the function formula for the given situation is f(t) = 50 + 30t.
What is Function formula ?
function, in mathematics, an expression, rule, or law that defines a relationship between one variable (the independent variable) and another variable (the dependent variable).
If a variable y is so related to a variable x that whenever a numerical value is assigned to x, there is a rule according to which a unique value of y is determined, then y is said to be a function of the independent variable x.
This relationship is commonly symbolized as y = f(x)—which is said “f of x”—and y and x are related such that for every x, there is a unique value of y. That is, f(x) can not have more than one value for the same x. To use the language of set theory, a function relates an element x to an element f(x) in another set. The set of values of x is called the domain of the function, and the set of values of f(x) generated by the values in the domain is called the range of the function.
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When a business undertakes a new project it will often need to invest additional funds in net working capital to cover items such as:________
When a business undertakes a new project it will often need to invest additional funds in net working capital to cover items such as increased inventory levels
Inventory level refers to the amount of inventory available throughout the distribution network. By monitoring inventory levels, you can always meet demand and stock only the inventory you need for a specific period of time.
A good inventory turnover ratio for most industries is 5-10, indicating that they sell and restock inventory every 1-2 months. This ratio balances having enough inventory and not reordering too often.
There are four main types of inventory: Raw Materials/Components, WIP, Finished Goods, and MRO. One of the most commonly used metrics to measure inventory management performance is "inventory turns". This number is calculated as the ratio of the value of purchased inventory to the value of inventory. The metric inventory turns are intended to measure inventory movements.
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When the price is $8 a ticket the price elasticity of demand for movie tickets is:________.
The percentage change in quantity required divided by the percentage change in price, which is 100, is known as the price elasticity of demand. percent divided by÷24
percent = 4.
How is Price Elasticity of Demand is calculated?
By considering the percentage change in price as a percentage of the midpoint and the percentage change in quantity demanded as a percentage of the midpoint, the price elasticity of demand is determined.
What are the 4 types of elasticity of demand?
Price elasticity of demand, cross elasticity of demand, income elasticity of demand, and advertising elasticity of demand are the four primary types of elasticity of demand.
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A $63,000 machine with a 7-year class life was purchased 2 years ago. The machine will now be sold for $50,000 and replaced with a new machine costing $75,000, with a 5-year class life. The new machine will not increase sales, but will decrease operating costs by $16,000 per year. Simplified straight line depreciation is employed for both machines, and the marginal corporate tax rate is 34 percent. What is the initial outlay for the project?.
The initial outlay for the project after depreciation is loss of $26,700.
What is depreciation?Depreciation in accounting refers to two parts of the same concept: first, the real decline in fair value of an asset, such as the worth of factory equipment each year.
Depreciation is used to match the cost of a productive asset with a useful life of more than a year to the revenues received by employing the asset. The expense of an asset is frequently spread out throughout the years that it is used.
Section 32 of the Income Tax Act of 1961 contains the provision for authorising depreciation. Depreciation is a deduction allowed by the Income Tax Act for the reduction in the real worth of a physical or intangible asset used by a taxpayer.
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vThe _____ is the mechanism used within a facility to provide employees with a process for resolving clinical or administrative concerns.
The chain of command is the mechanism used within a facility to provide employees with a process for resolving clinical or administrative concerns.
What do you mean by chain of command?Employee reporting structures and when they should consult their supervisor on project decisions are laid out in a chain of command. In addition to being an integral aspect of a company's structure, it's crucial for fostering an environment where workers can perform effectively and happily.
The formal line of authority, communication, and accountability inside an organization is known as the chain of command, often referred to as the scaler chain. An organizational chart, which shows the relationships between superior and subordinate members of the organizational structure, typically shows the chain of command.
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What do economists call the process of transforming inputs, or resources, into marketable outputs?
Production is the process of converting the inputs, or resources, into marketable outputs, as defined by economists. An economist studies how a society's resources and its output or production are related.
The Economists research a variety of social systems, including local communities, entire countries, and even the global economy. An economist is a specialist who investigates the connection between a society's resources and its output.
A wide range economic policies, including interest rates, tax laws, output, the employment programs, the international trade agreements, and company strategy, are shaped in part by the professional judgement and research findings of the economists.
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An increase in the expected inflation rate, other things remaining the same?
An increase in the expected inflation rate shifts the short-run Phillips curve upward.
Inflation is the rate of increase in prices over a period of time. Inflation is usually a broad measure, such as a general rise in prices or an increase in the cost of living in a country.
US annual inflation accelerated to 9.1% in June 2022, from 8.6% in May to his highest since November 1981, beating market expectations of 8.8%.
Although high inflation is generally viewed as detrimental, some economists believe low inflation could boost economic growth. The opposite of inflation is deflation, where prices tend to fall. The Federal Reserve is targeting 2% inflation based on the Consumer Price Index (CPI).
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Licensees or brokerage firms found guilty of violating the Massachusetts Consumer Protection Act ______. Unset starred question
Any licensees or brokerage firms found guilty of violating the Massachusetts Consumer Protection Act will be judge according to the magnitude of the offense.
What is the Massachusetts Consumer Protection Act?The Consumer Protection Act refers to the legislation that aimed to promote and protect the interest of consumers over all products and services.
The State of Massachusetts has it statute that specifically enables the consumers to take legal action against unfair or deceptive conduct in the marketplace called the Massachusetts Consumer Protection law.
Also, the Consumer Protection Act of Massachusetts gives the buyers the right to sue in court, get back money they lost and also allows the businesses to sue other businesses.
Hence, the licensees or brokerage firms found guilty of violating the Massachusetts Consumer Protection Act will be judge according to the magnitude of the offense.
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You have an upstream picking department that feeds two downstream packing departments: pack singles and pack multis. those packing departments feed to a shipping department that loads the outgoing trucks. 30% of your pick volume goes to pack singles and has a packing rate of 171 units per labor hour (uph). 70% of the pick volume goes to pack multis and has a pack rate of 266 units per labor hour. your pickers pick both single and multi items throughout the day at an overall average rate of 114 units per labor hour. all units that are packed in both processes go through the ship process at a rate of 570 units per hour. you have 102 people today for all 4 departments and you absolutely must pack 47,880 units in pack multis items to meet a customer promise metric. the ops manager for the shift started building the plan but was called away. you have to finish it. he correctly allocated labor to the pack singles before he was called away. how do you allocate the remaining labor to balance the flow in your department if you work a 10 hour shift
Those packing departments feed to a shipping department that loads the outgoing trucks.
What is shipping department?a company department in charge of scheduling, receiving, registering, and sending commodities shipments
Shipping specialists are in charge of receiving, tracking, and shipping orders to customers, as well as ensuring that things reach on time and to the correct individual. They also employ radio frequency identification to scan barcodes for accurate and complete inventory recording.
Shippers and receivers transport components, supplies, materials, equipment, and stock to and from a location. Retail and wholesale firms, manufacturing companies, and other commercial or industrial establishments employ them.
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When economists say that an individual or country has the comparative advantage in the production of a good, it means that they:_______.
When economists say that an individual or country has the comparative advantage in the production of a good, it means that they: are the lowest-opportunity-cost producer of the good.
What is Comparative Advantage?
Comparative advantage is the ability of a country to produce a good or service for a lower opportunity cost than other countries.
Comparative advantage refers to the ability to produce goods and services at a lower opportunity cost, not necessarily at a greater volume or quality. Comparative advantage is a key insight that trade will still occur even if one country has an absolute advantage in all products.
Opportunity cost measures a trade-off. A nation with a comparative advantage makes the trade-off worthwhile. This means the benefits of buying its good or service outweigh the disadvantages. The country may not be the best at producing something, but the good or service has a low opportunity cost for other countries to import.
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The difference between the lowest price a firm would have been willing to accept and the price it actually receives from the sale of a product is called?
Producer surplus is the difference between the lowest price a firm would have been willing to accept and the price it actually receives from the sale of a product.
A product is an object, system, or service offered for consumer use on demand. It is everything we can offer to the market to meet the wants and needs of our customers.
Goods are goods offered for sale. Products are services or items. It can be in physical or virtual or cyber form. All products are made at a price and sold at a price. The price charged varies by market, quality, marketing, and target segment.
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