While working on the project, Martha is most likely to be bored and less creative than usual.
Specialisation is an economic theory that suggests a person carries out activities for which one has a comparative advantage in or is most efficient in. For example, Martha is skilled in web design, economic theory would suggest that she specialises in Web design.
<u><em>Advantages of specialisation </em></u>
- The worker that carries out the same job function repeatedly becomes extremely skilled in the activity.
- Work is carried out faster.
<u><em>Disadvantages of specialisation </em></u>
- Work can become monotonous
- Employees skills in other job functions declines.
If a person carries out the same rudimentary task repeatedly, it is likely that the individual would become bored. For example, if an engineer is employed to put marbles in a box. Soon he would become bored because the work he is doing is not mentally stimulating.
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In order to determine the effect of the tax on the demand and supply graph, please check the attached image.
A tax is a form of transfer to wealth from businesses to the government. Taxes increase the price of goods and services. As a result of the tax levied on the producers of automobile tires, the cost of making tires would increase. This would make producing tires more expensive.
As a result of the increase in the cost of making tires, the production of tires would fall. As a result, there would be a leftward shift of the supply curve. This would lead to a rise in equilibrium price and a decrease in equilibrium quantity.
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Answer:
d. buyback
Explanation:
The scenario that is being described is a form of countertrade known as buyback. There are two reasons why this usually happens. The first is that the manufacturing company has limited access to liquid funds in the country which they are currently located and the goods provide better value. The second circumstance would be that they believe that the product being produced will increase in value and their profits will increase by holding the product as opposed to liquid funds.
Answer: a. True
Explanation:
The desirability function method is used in industrial sectors in order to make multiple response processes efficient. It is solely due to the idea that a product has multiple quality characteristics and one of them could be outside desired limits which is completely unacceptable. The method provides the desirable response value.
On the desirable curve, the desirability score of some responses/ consequences are plotted. When these are connected, other possible responses/consequences desirability curve is shown.
Answer:
the present value of the annuity = $4,523,638
Explanation:
this is an ordinary annuity:
annual payment = $9,420,713 / 20 = $471,035.65
number of periods = 19 periods
interest rate = 8%
therefore, the present value annuity factor = 9.6036
the present value of the annuity = $471,035.65 x 9.6036 = $4,523,637.97 ≈ $4,523,638
