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Serhud [2]
3 years ago
15

The knowledge and skill that enable workers to be productive is called a) human capital b) talent capital c) human supply d) tal

ent supply
Business
1 answer:
Natalka [10]3 years ago
5 0
Looks like the answer is A) human capital
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An artisan who creates customized furniture has a customer who is interested in purchasing several pieces of furniture. The arti
koban [17]

Answer:

2) Set the price of each piece of furniture equal to the marginal cost of producing it.

Explanation:

What happens in two-part tariff is that the producer recovers the entire cost of producing by charging price equal to the marginal cost.

This helps him recover cost and the entire fee the producer charges results in profits eventually. Hence, the profits is the consumer 'surplus' that we calculate given that the price of product is equal to marginal cost.

So answer here is 2- Set the price of each piece of furniture equal to the marginal cost of producing it.

8 0
3 years ago
The shape of your utility function implies that you are arisk-averse individual, and, therefore, youwould accept the wager becau
Furkat [3]

<u>Solution and Explanation:</u>

As the utility function is concave in shape, so person is risk averse.  Thus, he will not accept the gamvle.

The difference between utility at point A&C = 70 minus 65 = $5, is less than a the difference between A&B = 65 minus 55 = $10

<u>MCQ: </u>

Answer is option a&d  - risk averse people fear a lot for losing money, thus they overestimate the probability of loss

Since, shape of utility function is concave, hence the double derivative of utility with respect to wealth is negative, so utility falls at an decreasing rate , as wealth increases

8 0
3 years ago
(Consider This) In the middle ages, the French government auctioned off monopoly rights to the sale of salt. Economic theory pre
ollegr [7]
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6 0
2 years ago
Review Key Concepts
notsponge [240]

Explanation:

1. Because marketing of goods must comply with current marketing practices. Trends and consumer perceptions must be maintained. It is important.

This refers to the acquisition, distribution, and marketing of goods, services or trademarks, such as advertisement and market analysis, and the production of the products for customers or end-users.

2. An example of an economic good and an economic service :

Economic goods: cars, furniture, television, and clothing

Economic services: cooking a hamburger, cutting hair

3 0
2 years ago
Bread Co. commenced operations during the year as a large importer and exporter of baked goods. The imports were all from one co
storchak [24]

Answer: c. $300,000

Explanation:

Here, the shipping costs from overseas is part in inventory costs whereas the shipping costs to export are part of expense not inventory.

Given: Purchases during the year  $15.0 million

Shipping costs from overseas$1.5 million

Shipping costs to export customers$1.0 million

Inventory at year end $3.0 million

Amount of shipping costs should be included in ABC Trading's year-end inventory valuation = (Inventory at year end)÷(Purchases during the year ) × (Shipping costs from overseas)

= ($3,000,000) ÷ ($15,000,000) × ($1,500,000)

= $300,000

Hence, the correct option is c. $300,000.

3 0
2 years ago
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