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Blizzard [7]
3 years ago
5

A company wants to identify which of two production methods has the smaller completion time. One sample of workers is randomly s

elected and each worker first uses one method and then uses the other method. The sampling procedure being used to collect completion time data is based on __________.a. ​matched samples.
b. ​worker samples.
c. ​pooled samples.
d. ​independent samples.
Business
1 answer:
Marina CMI [18]3 years ago
6 0

Answer:

A. Matched Samples

Explanation:

Matched samples is a situation whereby participants are paired, sharing every other characteristics except the one under investigation. The idea behind this is to have more control over unwanted variables. In this case, the study is measuring two production methods and in order to control the unwanted variable and leave only the characteristic or variable under investigation which is the production method, the two method is carried out by the same workers each.

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<span>account number

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a consumer faces a tradeoff between labor (????) and leisure (????). she consumes a composite good (????). when the consumer wor
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Trade-off

A trade-off is a situational decision in which one quality, quantity, or feature of a set or design is reduced or lost in exchange for gains in other areas. A tradeoff occurs when one thing increases while another must decline.

What is consumer's real wage?

Real earnings are salaries that have been factoring in inflation, or wages in perspective of the amount of services and goods that may be purchased.

Main Content

$606

Given the answers to the question, the complete or implicit income of the consumer would be determined as follows:

When the customer works, she earns an hourly wage of $17.00, therefore when she works for 24 hours, she will earn:

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Also, when the customer  sells all the 17 units of the composite good, she will earn:

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=$198

Therefore, the customer's full income would be:

=$408+$198

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To learn more about Trade-off

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1 year ago
What are the requirements for something to be used as money?
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Some countries have high minimum wages and require a lengthy and costly process to get permission to open a business Select one:
Pani-rosa [81]

Answer:

b. Reducing the minimum wage and the time and cost to open a business would shift the long-run aggregate supply curve to the right

Explanation:

Minimum wage is a wage set by the government, to pay for laborers. Wages below this is illegal. Wages are also a major cost to any firm. When they have been reduced, cost of production is likely to fall. Cost of production is a factor affecting supply. When cost of production falls, supply shifts right.

This is explained as that when cost of production falls, businesses can now make higher profits. This acts as a motivation for many other firms to also enter into the market. Therefore, supply is likely to rise in the long-run, shifting the supply curve to the right.

Time and cost to open a business is another factor affecting supply. When the time and cost is high, it discourages new firms because they do not want to undergo the hassle of submitting many legal documents or may not have enough funds to pay for all the costs. However, when the cost and time taken falls, more firms will be willing and able to enter into the market. Thus, the supply curve shifts right in the long run, increasing quantity supplied.

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How is Change Management related to Baselining?
zheka24 [161]

Answer:

hope it helps..

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