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mojhsa [17]
3 years ago
9

At Ultrinsic.com, students pay a small entry fee to compete in grades-based contests for cash prizes. Suppose that 15 students f

rom your economics class each pay $70 to enter a grades-based contest. This would create a $1050 prize pool. An equal share of the $1050 pot is awarded at the end of the term to each contestant who earns an A in the course. If four students earn A’s, each receives $262. If only one student earns an A, that person gets the entire $1050 pot. What economic concept does Ultrinsic.com use to encourage participants to learn more and get better grades? A. incentives B. trade creates value C. trade-offs D. opportunity costs E. marginal thinking
Business
1 answer:
vekshin13 years ago
8 0

Answer:

A. incentives

Explanation:

An incentive is a motivator to do something. Traditionally incentive is extrinsic, that is there is a reward given when an achievement is made. This is the rational for bonuses on the job. Where an employee is compensated for achieving a milestone at work.

Ultrinsic.com is using incentive of a cash reward for those that get As as a motivator for the students. Students pay an entry fee of $70 and if one student gets an A he will get the whole pool of funds. If more than one person gets an A they will share the money in the pool.

More students will be motivated to get As.

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Since world war ii, the federal government's share of total government expenditures has been between?
Anton [14]

The federal government has accounted for between two-thirds and three-quarters of all government spending since World War II. Since the end of the Korean War in the early 1950s, the federal government's purchases of goods and services as a percentage of GDP have been falling.

Automatic increases and decreases in government expenditure and taxation that follow the economic cycle. The majority of government spending in the United States took place at the state and municipal levels up to the Great Depression of the 1930s.

The federal government has accounted for between two-thirds and three-quarters of all government spending since World War II. Federal Expenditures and Purchases as a Percentage of GDP, 1950–2008.

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5 0
1 year ago
Jane is planning to go on a camping trip. She purchases a bottle of mineral water, a pack of biscuits, a small tube of toothpast
Naddika [18.5K]

Answer:

D) nondurable goods

Explanation:

Durable goods or hard goods are goods that retain its value over a long period of time. It isn't totally consumed over time but can be used over a long period of time. E.g. computer, phone etc

Nondurable goods are goods that are consumed in a short period of time.

Intangible goods are goods that are non physical in nature. Example are services.

I hope my answer helps you

5 0
3 years ago
Suppose that you and a friend are playing cards and you decide to make a friendly wager. The bet is that you will draw two cards
Solnce55 [7]

Answer:

Total bet amount= -$2

Explanation:

In a card deck of 52 cards we have 13 diamond cards. Cards are drawn without replacement.

Probability of the first card being diamond = 13/52

Probability of the send card being diamond= 12/51

So the probability for both cards being diamond = (13/52)*(12/51)= 0.0588235

Bet amount for 2 diamonds= probability* amount received

Bet amount for 2 diamonds= 0.0588235* $30= $1.765

Probability of no diamond= 1- 0.0588235

Probability of no diamond= 0.94118

Bet amount for no diamonds= 0.94118* (-$4)

Bet amount for no diamonds= -$3.765

Total bet amount= Bet amount for diamonds + bet amount for no diamonds

Total bet amount= $1.765+ (-$3.765)

Total bet amount= -$2

6 0
3 years ago
Hi I need help with this question. I don't know what I'm doing so I hope you can explain how to solve it. Thank you in advance.
lora16 [44]
Invest into 3D printing organs you will become a million trust me
3 0
2 years ago
Andre's Dog House had current assets of $67,200 and current liabilities of $71,100 last year. This year, the current assets are
e-lub [12.9K]

Answer:

$1400

Explanation:

Net working capital is obtained by subtracting total current liabilities from total current assets.  Current assets and liabilities are expected to be used or paid within one year.

Change in net working capital would be the change in current assets - change in current liabilities.

last year  current assets  $67,200 : current liabilities $71,100

This year  current assets  $82,600 : current liabilities  $85,100

change Net operating capital = {$82,600- 67,200} - {85,100 - 71,100}

                     =$15,400 -14,000= -$1400

Change in networking capital = $1400

8 0
3 years ago
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