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KengaRu [80]
3 years ago
13

Human capital is thea. knowledge and skills that workers acquire through education, training, and experience.b. stock of equipme

nt and structures that is used to produce goods and services.c. total number of hours worked in an economy.d. same thing as technological knowledge.
Business
1 answer:
sertanlavr [38]3 years ago
6 0

Answer:

a. knowledge and skills that workers acquire through education, training, and experience.

Explanation:

Human Capital is associated with all that improves the qualification of the workers. And is important because allows the increase of productivity and thus profitability of an organization or economy.

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Butchart Gardens is a very large garden in Victoria, British Columbia, renowned for its beautiful plants. It is so large that it
andrey2020 [161]

Answer:

<h2>In this case,visit to the Butchart Garden is an excludable and non-rivalrous good and is an example of a Club Good.</h2>

Explanation:

First,since the Burchart Gardens charges an admission fee of $30 for each visitor,anyone who has not paid the fee cannot or will not be able to have access inside the garden.Therefore,it is currently not a free service for all the visitors.In this sense,a visit to the Butchart Garden is excludable.It can be assumed that any visitor who wishes to come inside the garden and have a visit will have to mandatorily pay the admission fee.

Secondly,as Butchart Garden is a public area and anyone who pays the admission fee can officially gain access to the garden,enjoyment of the natural and aesthetic beauty of the garden by any one visitor does not reduce the simultaneous enjoyment of any other visitor who has paid the admission fee and hence,gained access to the garden.In economic language,if we consider the garden visit as a particular commodity,then the consumption of the commodity by any one visitor or consumer does not reduce the simultaneous consumption of any other visitor/s or consumer/s,provided that they have all paid the admission fee to gain access to the commodity or garden in this case.Therefore,visits to the Butchart Garden can be considered as non-rivalrous.

Now,since the visit to the Butchart garden is both excludable and non-rivalrous in nature,it can be considered as an example of a Club Good.

8 0
3 years ago
An oil and gas producing company owns 42,000 acres of land in a southeastern state. It operates 630 wells which produce 18,000 b
valkas [14]

Answer:

The bid amount should be $13,200,264.

Explanation:

An oil and gas producing company owns 42,000 acres of land in a southeastern state.

It operates 630 wells which produce 18,000 barrels of oil per year and 1.7 million cubic feet of natural gas per year.

The revenue from the oil is ​$1,800,000 per year and for natural gas the annual revenue is ​$581,000 per year.

Total Annual Revenue

= Revenue from oil + Revenue from gas

= $1,800,000 + $581,000

= $2,381,000

The bid amount should be the present worth of total annual revenue.

Present Worth of total annual revenue

= Revenue \times\ \frac{( 1 + i )^{n} -1 }{i (1 + i)^{n} }

= $2,381,000\ \times\ \frac{( 1 + 0.11 )^{9} -1 }{0.11 × (1 + 0.11)^{9} }

= $2,381,000\ \times\ \frac{( 1.11 )^{9} -1 }{0.11 × (1.11)^{9} }

= $2,381,000\ \times\ \frac{2.5580 - 1 }{0.11 × 2.5580 }

= $2,381,000\ \times\ \frac{1.5580 }{0.281}

= $2,381,000\ \times\ 5.544

= $13,200,264

7 0
3 years ago
The carpet cleaners are at the door after hours. you remember seeing them just last week, what do you (as a non-management colle
Anna71 [15]
<span>As a non-management colleague, an individual does not have any immediate right to take decisions regarding the management of the company.

Therefore, if the carpet cleaners are at the door even though they had come in last week, it is better to inform the manager at the company and let the management group handle the situation.
</span>
7 0
3 years ago
Likert company manufactures extremely accurate scales. They use a standard costing system. Last year the company projected that
sergij07 [2.7K]

Answer:

$ 2,504,000

Explanation:

Budgeted overhead= $2,375,000

FOH budget variance= $129,000

Actual amount of fixed overhead= $2,375,000+$129,000

=$ 2,504,000

Therefore the actual amount of fixed overhead will be $ 2,504,000

4 0
3 years ago
I am considering buying a new sports car like a Ford Mustang. Another sports car that would not likely compete head-to-head like
AURORKA [14]

Answer:

Brand Competition

Explanation:

Brand Competition arises when two or more different companies offer a similar product, under a different brand. The products are similar, but not fully substitutes: they can be distinguished in some way: quality, features, price, and so on.

In this case, what makes the Ford Mustang and the Audi R8 is the price. The Ford brand is significantly cheaper than the Audi brand, which might give Ford the upper hand in market share. However, this is not always the case because the Audi car could have the upper hand when it comes to quality, and obtain more marke share because of that.

5 0
3 years ago
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