Yes. Creating habits when you are young are bound to stick with you until you break them. It is hard to break a habit once you gain it. Thus, creating a saving habit when you are young is bound to stay with you when you are older, and it would be beneficial to you as well
Answer:
Explicit costs are the monetary costs that a business incurs when it makes a payment, either in the form of wages, or taxes, or to manufacturers, etc.
Implicit costs are the opportunity costs that arise when businesses give up on other options when making a choice. They are not represented by any actual payments.
In this case, we have the following explicit costs:
$420,000 paid to the manufacturer
$247,000 paid in wages and utility bills
And we have the following implicit costs:
$9,000 in rent per year if Hubert rented out the local
$32,000 per year if Hubert worked as a financial advisor
Answer:
I. If labor and capital are perfect substitutes in production, the isoquant is a straight, downward-sloping line.
II. If a company needs to use inputs in fixed proportion such that the capital to labor ratio is always 2, the firm's isoquants are L-shaped.
Explanation:
Perfectly substittuable goods have straight downward sloping ICs, and have corner solutions
.
Complementary goods (used in fixed proportions) are L shaped always
, In case of min(x,y) function, the answer is the value of x or y which ever is minimum and not their sum.
Therefore, Only statements I and II are true.
Change what I write. Your teacher knows your style.
One
People,especially teens, deal with this problem all the time. They may be poor and have to deal with clothing or even cleanliness issues. Who can afford 80 dollar designer jeans? Not everyone. Who can pay attention to makeup when you've had 3 meals in 3 days? That has to affect the way you look at the world. Even if money is not an issue, class is. There are always kids who pick on others because they can't fit in. If a person is lucky, their response is sports or something else that they excel at.
Two
Everyone experiences stress. Money, exams, dates for important events, clothes, acceptance, parents (if you're a teen), teens (if you are a parent), using the family car responsibly can all contribute to stress. People under severe stress respond differently. Some become short tempered. Some become lethargic. Some turn to drugs which have their own set of symptoms, depending on the drug. One thing is for sure: people on drugs change dramatically. It's unmistakable.
Four
Well this is pretty personal, especially if you've written on it before. A great coping mechanism is prayer for some people. It really doesn't matter who hears you, or what you say or how you say it. It only matters that you stay still and do it. The main thing is to try and shut yourself down while the stress is at it's highest point. Many older people are really stressed out by health. That especially requires quite times. Stop worrying is another way of coping. Most of the time worry does no good at all. Things causing stress will go away or they won't. Worry isn't going to bring things about any quicker or better.
The significance of Total product, Average product, and Marginal product is that they show how effective, and efficient a manufacturing process is.
<h3>How do these metrics show productivity?</h3>
Taking the labor component in production as an example, one can see the impact of these metrics.
The total product will show just how much goods and services in total that the given amount of labor was able to produce. This gives management an idea of the effectiveness of the labor in producing goods and services.
The average product then shows how efficient labor is because it gives an idea of the products produced per labor.
Marginal product is very important as well because it helps management to know when to stop hiring labor. This point will be the production level that sees the marginal product being less than the cost of hiring additional labor.
These three metrics are therefore important to management because they help to determine effectiveness, efficiency, and cost of production.
Find out more on marginal product at brainly.com/question/24698689.
