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nalin [4]
3 years ago
10

Justin builds fences for a living. Justin's out-of-pocket expenses (for wood, paint, etc.) plus the value that he places on his

own time amount to his a. profit. b. producer surplus. c. cost of building fences.
Business
1 answer:
d1i1m1o1n [39]3 years ago
8 0

Answer:

c. Cost of building fences.

Explanation:

The cost of production encompasses the money spend as well as the time to produce a commodity. For example, if a person spends $15 to make a juice cup and invest 1 hour to make so the total cost of production is $15 and the time invested by the producer. Thus, option "c" is correct.

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5. When might a company decide that it needs to hire a human resource professional?​
Elena-2011 [213]

Answer:

See Below

Explanation:

Below are a few reasons why a business might consider hiring a trained HR officer

It is recommended to hire a Human resource specialist once a company has 50 employees and above. When a business has over 50 employees, it needs someone trained to manage their welfare and other human resources issues.

When a company is growing or expanding rapidly, it requires to employ more people.  No matter the size of a business, when a business is hiring people frequently, it needs an HR officer to coordinate the recruitment process.

If a manager spends over 3 hours a day handling employee issues, then it's time to employ a trained HR officer. This gives the manager time to focus on their core mandate.  A dedicated specialist will be best suited to address employee issues, which is beneficial to both the company and the employees.  

7 0
3 years ago
Which of the following activities are typically included in a project kick-off meeting? ​
ASHA 777 [7]

Answer:

b. The project manager outlines the project goals

Explanation:

As the name suggests, a project kick off meeting refers to the first and foremost meeting between project manager and his team and the clients of a project when commencing a new project.

The purpose behind such a meeting is to familiarize the project team, make them better understand the project and it's requirements and agreeing upon a plan of work together to accomplish the task.

Following steps would be noteworthy for conducting an effective project kick off meeting:

  • The project manager prepares his team and outlines and conveys the project goals to the team members and how they are to be attained.
  • Beginning the project client relationship on a good note and gaining client's support.
  • Putting one's best efforts with a systematic planned approach for the project kick off client meeting.

7 0
4 years ago
When modeling economic situations using game theory, the economic participants are generally referred to as:?
zysi [14]

In game theory, economic participants are referred to as "players". Game theory consists in the use of mathematical models in order to predict the behaviour of rational decision-makers in cooperative and competitive environments.

4 0
3 years ago
Read 2 more answers
"A registered representative has a customer, age 50, in the 35% tax bracket, who just sold his house for a 1-time gain. The cust
DiKsa [7]

Answer:

The earnings build tax-deferred during the 15 year period until retirement is the correct answer.

Explanation:

4 0
3 years ago
Sun Devil Hair Design has the following transactions during the month of February. February 2 Pay $700 for radio advertising for
lord [1]

Answer:

Sun Devil Hair Design Journal entries

Feb. 2

Dr Advertising expense 70p0

Cr Cash 700

Feb. 7

Dr Supplies 1,300

Cr Accounts payable 1,300

Feb. 14

Dr Cash 2,900

Cr Service revenue 2,900

Feb. 15

Dr Salaries expense 900

Cr Cash 900

Feb. 25

Dr Accounts receivable 1,000

Cr Service revenue 1,000

Feb. 28

Dr Utilities expense 300

Cr Cash 300

Explanation:

No further explanation was been given in this question.

5 0
3 years ago
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