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serious [3.7K]
3 years ago
8

Page 576 14.3. Recent Changes in Capitalism This animation explores different reasons why people work long hours even when their

professional or financial situation would enable them to dial back. A key concept in this context is that of the opportunity cost of leisure. How is this concept best explained
Business
1 answer:
kondaur [170]3 years ago
6 0

Answer:

The summary including its perceived task is demonstrated in the following segment on the interpretation.

Explanation:

  • The further you pay, then you pass up to make a change from generating income. This would be called opportunity cost since taking a short break is losing the chance to go somewhere else (i.e. gain further extra cash).
  • This is much less the continuation of something like a withheld opportunity than that of the recovery on the alternative you picked.
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MoneyMatters, a finance firm, provides support to HMD Inc. in payroll and other financial matters. Later, HMD decides to create
kolezko [41]

Answer:

vertical Intergration

Explanation:

Based on the information provided it can be said that the MoneyMatters loses its business because of the vertical integration done by HMD Inc. vertical Intergration refers to the scenario by which a company owns the supply chain that handles all of that company's tasks. Which in this scenario is what HMD Inc. decided to do by creating an in-house finance department to manage its financial matters, and thus getting rid of MoneyMatters.

4 0
3 years ago
Palladia specializes in the production of beef and produces beef more efficiently than any other country. It buys wheat, which i
SashulF [63]

Answer:

Comparative advantage

Explanation

Comparative advantage is a theory that refers to the ability to produce products at a lower opportunity costs than others. This concept means that if a country is better than other producing two products, specialization still can happen as the second country can produce one of the products better and it will specialize as it has a comparative advantage and like that each country focuses on what they can produce more efficiently.

6 0
3 years ago
What is 5 similarities in market economic and command?
just olya [345]

Answer:

Similarities between Free Market Economy and Command Economy

Both economies have similar economic players including consumers and producers, services and goods and money and labor.

8 0
3 years ago
Valentino is a patient in a nursing home for 45 days of 2017. while in the nursing home, he incurs total costs of $13,500. medic
dolphi86 [110]
A person who purchases his/her own policy can exclude the benefits from gross income. It's also good to note tat statutory limitations exist for the following amounts:
Benefits that have been collected under the employer's plan
Premiums that have been paid by the employer
benefits that have been collected from the individuals' policy. Therefore the amount Valentino may exclude will be calculated as follows;
Daily statutory amount in 2017 (360*45)   $16200
Actual cost of care                                    $13500          $16200
Less: Amount received from Medicare                           ($8000)
Equal amount of exclusion                                              ($8200)
Thus:
Valentino must include (15000-8200)=$6800 of the long-term care benefits received in his gross income.


3 0
3 years ago
Find the convexity of a seven-year maturity, 6% coupon bond selling at a yield to maturity of 8%. The bond pays its coupons annu
Julli [10]

Answer:

convexity = 37.6306

Explanation:

given data:

maturity time = 7 years

yield to maturity (y) = 8% = 0.08

coupon bond = 6%

price= $89.59 ( gotten from the summation of pv(cf) from the table attached below )

t = time

convexity can be found using this formula

= \frac{1}{p(1+y)^2}  *  summation of (t +t^2) * pv(cf)

= \frac{1}{89.59*(1.08)^2} * 3932.310   = 37.6306

6 0
3 years ago
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