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What are five things you can do to overcome stereotypes?

svlad2 [7]

Explanation:

First of all we need to know what stereotype actually is. So stereotype is basically the over generalized belief of someone about something or someone else based on some assumptions. The simplest example of stereotype can be seen as, 'A woman is always caring'. This is a stereotype about a particular group of human beings. So there are a lot of other stereotypes too which prevails in our societies. Now we have to overcome such stereotypes by doing the following things:

Admit and Say that the stereotypes are wrong
Find famous people to give examples of, who think stereotypes are wrong
Debate about the wrong associated with stereotypes by giving them sufficient evidence and examples
Do what you feel like doing about breaking the stereotypes
Provide data to people with examples about people who are not that stereotype.

6 0

3 years ago

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John is going to buy a car. He wants a used Honda. The salesmen shows him one from 2012. John's not really positive how much the

m_a_m_a [10]

Answer:

anchoring bias

Explanation:

In business, anchoring bias happens when a consumer relies on pre-existing information (in this case sales price) to make their purchasing decisions. E.g. a sales promotion where a before price is set as the anchor to show that the after price (with the discount) is a really good deal.

In this case, John started to negotiate a sales price using the sticker price as an anchor, and ended up making a good deal because he got a $2,000 discount.

4 0

4 years ago

Larry lives in Chicago and runs a business that sells guitars. In an average year, he receives $793,000 from selling guitars. Of

OLga [1]

Answer:

a)

1. Explicit cost

2. Implicit Cost

3. Implicit Cost

4. Explicit cost

b)

Accounting Profit is $62000.

Economic Profit is -$3000. (a loss of $3000)

Explanation:

a)

Explicit costs are those costs incurred by a business that require an outlay of money as a result of operating a business.

Implicit costs, on the other hand, are the costs that do not require an outlay of money as a result of operating a business. They are instead the opportunity costs of operating a business or the benefits that are foregone.

1. The wages and utility bills are a result of operating a business and requires and outlay of money as their payment. They are explicit costs.

2. The rental income could have been earned if Larry rented the showroom he is using to operate his business from. The rent foregone is an opportunity cost and is an implicit cost.

3. The salary Larry could have earned is also something that Brian has to forego to operate his business and is an implicit cost.

4. The cost of purchases paid to manufacturer requires outlay of money and is an explicit cost.

b)

Accounting profit = Total Revenue - Total explicit cost

Economic profit = Total revenue - (Total Explicit Cost + Total Implicit Cost)

Accounting Profit = 793000 - 430000 - 301000 = $62000 profit

Economic profit = 793000 - (430000 + 301000 + 15000 + 50000) = -$3000 loss

6 0

3 years ago

An employee earns $2,000.00 per month in gross pay, but pays $104.36 for health insurance, 9% in federal taxes, for state taxes,

Nostrana [21]

The employee's net pay is $21,255.64

6 0

3 years ago

A manufacturer of brand A jeans has daily production costs of Upper C equals 0.3 x squared minus 120 x plus 12 comma 585, where

makvit [3.9K]

Answer:

a. 200 jeans should be produced each day in order to minimize costs.

b. The minimum daily cost is $108,585

Explanation:

a. How many jeans should be produced each day in order to minimize costs?

Given C = 0.3x^2 - 120x + 120,585 ........................... (1)

Cost is minimized when MC = C' = 0

To obtain MC, equation (1) is differentiate with respect to x as follows:

dC/dx = MC = C' = 0.6x - 120 = 0 ............................... (2)

From equation (2), we can now solve for x follows:

0.6x - 120 = 0

0.6x = 120

x = 120 ÷ 0.6

x = 200

Therefore, 200 jeans should be produced each day in order to minimize costs.

b. What is the minimum daily cost?

Substitute 200 for x in equation (1) to have:

C = 0.3(200^2) - 120(200) + 120,585

= 12,000 - 24,000 + 120,585

C = $108,585

Therefore, the minimum daily cost is $108,585.

8 0

3 years ago

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