Answer:
Bob wants to gain extra knowledge by joining a professional organization - professional growth and development.
Libby seeks money for research in a particular field- scholarship
Joseph wants to know the latest legislation pertaining to his industry-certification
Debby wants to work as an intern under the guidance of an expert in her field -mentoring
Chad likes to meet with members of his fraternity to get a better perspective of their work - Networking
Explanation:
Bob wants to gain extra knowledge by joining a professional organization - professional growth and development. This is because any attachments to professional organization is always a professional development.
Libby seeks money for research in a particular field- scholarship. Because when you ask for money for studies, research or a university based project, including PhDs, is always either a scholarship or a grant.
Joseph wants to know the latest legislation pertaining to his industry-certification. Any formal studies in corporate or industry is a certification, just like when you study in school/university you get degree.
Debby wants to work as an intern under the guidance of an expert in her field -mentoring. Whenever anyone seeks help from an expert, supervisor or managers, the person who helps is a mentor.
Chad likes to meet with members of his fraternity to get a better perspective of their work - Networking. Meeting and icebreaking is a way to networking, to socialize and know more.
A press conference serves to answer question regarding the organization and any information that the organization wishes to share.
Answer:
Explanation:
Here Nicolas will gain comparative advantage only when he is selling the good he is specializing in and he would specialize in that good which would have lower opportunity cost for him. So the first step that we have to do here is to find out for which good Nicolas will have lower opportunity cost.
For Nicolas who in 8 hours can either catch 24 pound of fish or repair 15 cars,
the opportunity cost for catching 1 fish is = 15/24 = .625
the opportunity cost for repairing 1 car is = 24/15 = 1.6
So from the above observation we can say that for Nicolas catching fish has lower opportunity cost for him , so he should specialize in catching fish.
Therefore the term of trade for Nicolas would be
1 fish = .625 cars ,
if he can catch and sell 100 units worth of fish then he would have to give up 62.5 cars and then only he will gain from trade,
1 x 100 fish = .625 x 100
100 fish = 62.5 cars.
Answer:
Explanation:
C(q) = 100+10q-q^2+(1/3)q^3
To find the firm marginal cost function:
Take the derivative with respect to q
MC = 10 - 2q + q^2
Assuming that the market price is p , then the profit maximising condition is:
MR = MC
p = 10 - 2q + q^2
The short-run supply curve is the marginal cost curve that lies above the average variable cost.
The average variable cost is:
AVC =VC/Q
AVC = (10q-q^2+(1/3)q^3)/Q
AVC = 10 - q + (1/3)*q^2
So, the short-run supply curve is:
SRS = 10 - 2q + q^2 if p > 10 - q + (1/3)*q^2
Answer:
a. There are significant differences in incomes between high- and low-income countries.
Explanation:
Data provided in the question
Per person GDP in Singapore = $53,591
Per person GDP in Egypt = $5,547
Based on the above information
As we can see that the level of income in Singapore is higher than Egypt also when there is an important difference in the high income and low income countries the same is shown accurately
hence, the correct option is a.