If two identifiable markets differ with respect to their price elasticity of demand and resale is impossible, a firm with market power will?

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 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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An accounting system that measures the lifetime tax burden and benefits of each generation is called Generational accounting.

Generational accounting is that method of measuring the fiscal burdens in which the current and future generations are faced.

Generational accounting also considers how much a single adult generation,  when taken on a per person basis, is likely to pay in future taxes  in the net of transfer payments, over the rest of their lives.

Generational accounting is also considered as a method of long-term fiscal analysis which has been developed over the past decade by Laurence Kotlikoff , Jagadeesh Gokhale, Alan Auerbach and their associates in this country and  also around the world.

Generational accounting is used to assess the sustainability of fiscal policy and the fiscal burdens which faces the past, current, and future generations.

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Each business process transaction that writes data to the database creates a uniquely numbers electronic document.

The database isolation degree is utilized by default for transactions. can select to specify the isolation degree for a transaction the usage of the Isolation. Level belongings while you begin the transaction. The isolation stage applies to all statements accomplished inside the transaction. The .internet data provider helps photo isolation.

The locks that the database server makes use of when you execute a sq. announcement rely upon the transaction's isolation degree. Utility facts is the statistics which the SAP needs for itself.

Transactional databases are optimized for jogging manufacturing structures the entirety from websites to banks to retail shops. those databases excel at analyzing and writing man or woman rows of facts right away whilst preserving records integrity.

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Wages is the income associated with a factor of production currently comprises the largest proportion of u.s. income as of 2000.

A salary is charge made via an agency to an employee for paintings performed in a particular period of time. a few examples of wage payments encompass compensatory bills which include minimum wage, triumphing salary, and every year bonuses, and remunerative payments which include prizes and tip payouts.

Wages and salaries are the fee for paintings agreed between an worker and his or her employer beneath the agreement of employment in the personal quarter and for contractual retailers within the public service, or employment for civil servants.

Wages are compensation for an employee's personal offerings, whether paid via test or cash, or the honest cash value of noncash bills together with food and lodging.

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When the average cost curves (atc or avc) are increasing , then the marginal cost curve is above them.

A short-run marginal cost (SRMC) curve illustrates the relationship between a firm's marginal (i.e., incremental) costs incurred during the short-term production of a products or service and the volume of output produced. By maintaining other variables, such as technology and resource costs constant, this curve is designed to depict the relationship between marginal cost and the amount of output. w/MPL is the definition of marginal cost. For the majority of production processes, the marginal product of labour initially rises, achieves a maximum value, and then continuously declines as production rises.

As a result, marginal cost initially decreases, reaches a minimum amount, and then starts to rise. At their lowest points, the average total cost curve and average variable cost curve cross one other. A rising average cost curve is present when the marginal cost curve is higher than the average cost curve. When a curve's marginal costs are lower than its average, the average curve is decreasing. The marginal curve may be growing or declining, but this relationship still remains.

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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 slope of the characteristic line of a stock's returns versus those of the market measures the stock's systematic risk.

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.

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 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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True, The formula for net worth is the total value of your assets minus the total value of your liabilities.

Net worth is the sum of an individual's or institution's non-financial and financial assets less the sum of its outstanding obligations. Your net worth is an excellent measure of your financial health since it shows if your total assets are worth more or less than what you owe. Net worth is a significant indicator for financial planning, such as acquiring a property or business or developing a retirement plan. Subtracting all of your debts and liabilities from your assets yields your net worth. You may have intangible or difficult-to-sell things that are excluded from loan eligibility calculations utilized by banking institutions.

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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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The more​ "DEBT" used, the greater the leverage a company employs on behalf of its owners.

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-

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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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TRUE, The internal environment influences how organizations establish strategies and objectives as well as identify, assess and respond to risk.

The environment can be defined as the totality of all biotic and abiotic factors and their influences that affect human life. All living or biotic elements are animals, plants, forests, fisheries and birds, while abiotic or abiotic elements include water, land, sunlight, rocks and air.

1: The environment, objects, or conditions in which a person is surrounded.

2a: A complex of physical, chemical and biological factors (climate, soil, organisms, etc.) that act on an organism or ecosystem group and ultimately determine its morphology and survival.

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The function models the price of pizza with n toppings.

a) p=13+1.5n

b) n=(p-13)/1.5

c)The number of topping on pizza that cost p dollar.

d)n=(22-13)/1.5=6 i.e number of topping is 6.

A price is the amount of payment or compensation (usually non-negative) that one party gives to another party in exchange for goods or services. In some cases, the production price is given another name. If the product is a commercial "commodity", the payment for that product may be referred to as the "price". However, if the product is a "service", the product may have other names.

For example, the following diagram shows some situations. Commodity prices are affected by production costs, supply of desired items, and demand for products. Prices are either set by the monopoly or imposed on the company by market conditions. Other methods of estimating prices are common in many financial transactions.

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Income statements for each class of firm vary in several methods, such as the classes of gains and losses experienced, cost of goods sold, and net revenue.

A merchandising business buys tangible goods and resells them to customers. These businesses incur costs, such as labor and materials, to demonstrate and sell products. Retail and wholesale companies stand as the two kinds of merchandising companies. A merchandising company confronts the purchase and resale of tangible goods. Service companies mainly sell services rather than tangible goods. Income statements for each kind of firm change in several ways, such as the kinds of gains and losses experienced, cost of goods sold, and net revenue.

An income statement stands as one of the most familiar, and critical, financial statements you're probably to encounter. Also understood as profit and loss (P&L) statements, income statements outline all income and expenses over a given period, including the cumulative consequence of revenue, gain, expense, and loss transactions.

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Business Analytics is the scientific process of transforming data into insight for making better decisions.

Business Analytics is the process whereby businesses use statistical methods and technologies for analyzing data to aid decision making.

The goal of business analytics are:

Here are the three stages of business analytics:

Therefore, (B) business analytics is the scientific process of transforming data into insight for making better decisions.

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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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Other things being equal, as the price level falls, it induces greater spending, net exports like investment.

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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The change in a firm's total cost from producing one more unit of a good or service is marginal cost.

In economics, the marginal cost is the exchange in general production price that comes from making or producing one additional unit. To calculate marginal cost, divide the trade in production fees by means of the alternate amount.

The cause of studying marginal cost is to decide at what factor a company can achieve economies of scale to optimize production and average operations. If the marginal cost of producing one extra unit is lower than the in keeping with-unit fee, the manufacturer has the capacity to advantage earnings.

Change in total value = total value of production including extra unit – total value of production of a normal unit. change in quantity = total amount product including additional unit – total quantity product of normal unit.

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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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Answer is capital.

Firms and organizations use the assets at their disposal to produce commodities and services. These assets, also known as resources, are employed by the businesses to convert an input into a finished output. The availability of resources is critical for a firm to create enough production and profit. Input shortages may result in lower output production.

Capital goods are tangible assets that a firm employs in the manufacturing process to create items and services that consumers will use in the future. Buildings, the machinery, the equipment, vehicles, and the  tools are examples of the capital goods. Capital goods are not finished goods, instead, they are used to make the finished goods.

Therefore, the answer is capital.

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The chain of command is the mechanism used within a facility to provide employees with a process for resolving clinical or administrative concerns.

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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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.

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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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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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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Those packing departments feed to a shipping department that loads the outgoing trucks.

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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To understand the competitive environment of the small car market, including market commonalities and resource similarities, general motors should perform a moderate competitive environment.

It also include common assumptions on general motors with resource similarities and efficient production with performance of production process. For this one need to learn about different marketing and its environment to prevail.

It also subdues the market conditions with analysing the economies of scale and the commodities present in the market with similarities and diiferences present in the product market.

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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.

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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