What modern-day learning technique is most similar to apprenticeship?

When referring to student loans what is a grace period

Anestetic [448]

It is a period of time that the loaning company gives you before you have to start repaying the debt.
For instance: After graduating from college, you must start the payments to pay back your loan 3 months after graduation.

4 0

3 years ago

Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transacti

svlad2 [7]

Answer:

The value produced by doing your own laundry

The costs of overfishing and other overly intensive uses of resources

The leisure time enjoyed by households

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP calculated using the income approach sums up all the income earned by factors of production.

GDP calculated using the expenditure approach = Consumption spending + Investment spending + Government Spending + Net Export

Government spending on building is measured in the calculation of GDP as part of government spending.

Services rendered to ones self is not included in the calculation of GDP. So, the value produced by doing your own laundry is not included in GDP.

The effects of externality and pollution aren't included in the calculation luation of GDP. So, the costs of overfishing and other overly intensive uses of resources.

Enjoyment isn't added in the calculation of GDP.

Other items and activties not included in the calculation of GDP include:

A. Illegal activities

B. Transfer payment by government

C. Intermediate goods

I hope my answer helps you

7 0

3 years ago

Suppose that demand decreases and supply decreases. What would you expect to occur in the market for the good? a. Equilibrium pr

Nikitich [7]

Answer:

c. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous.

Explanation:

When the demand decreases along with the decrease in supply, obviously the equilibrium quantity will also decrease, to match the level of supply and demand.

But the price cannot be fairly estimated as because the supply is decreased the prices shall increase for equilibrium but as the demand has also decreased the prices shall decrease in order to match the equilibrium.

Thus, the price is ambiguous but definitely the quantity shall stand decreased for equilibrium.

4 0

3 years ago

Suppose that the total benefit and total cost from a continuous activity are, respectively, given by the following equations:

DedPeter [7]

Answer:

A)= 20+24Q-4Q^{2} (This is the equation for the net benefits)

B) 40; 40

C)MNB(Q)= 24-8Q

D) 16; -16

E) Q=3

F)0

Explanation:

a) To write out the equation for the net benefits.

First, net benefits represents the difference obtained when the total benefits exceed the total costs derived form Q units of the control variable

Based on the definition, the equation is as follows

N(Q)= B(Q) - C(Q)

representing

N(Q)= The Net benefits that are derived from Q level of control variable

B(Q)= The total benefits derived from Q units of control variable

C(Q)= The total cost form Q units of control variable

As we have been given the following:B(Q)= 100 + 36Q - $4Q^{2}$ and C(Q) = 80 +12Q

This means:

N(Q)= 100+36Q-4Q^{2}- (80+12Q)

= 100+36Q-4Q^{2}-80-12Q

=100-80+36q-12Q-4Q^{2}

=20+24Q-4Q^{2}

= 20+24Q-4Q^{2} (This is the equation for the net benefits)

b) Determine he net benefits when Q = 1 and Q=5

Step 1) when Q=1 we use the formula 20+24Q-4Q^{2}

= 20+24Q-4Q^{2}

= 20(24x1)-(4x (1^{2))

=20+24-4

=40

Step 2) when Q=5 we use the formula 20+24Q-4Q^{2}

= 20+24Q-4Q^{2}

= 20(24x5)-(4x (5^{2))

=20+120-4x25

=140-100

=40

c)To write out the equation for the marginal net benefits

Marginal net benefits represent the change experienced in net benefits with change in one unit of the control variable

The formula therefore is as follows:

MNB(Q)=MB (Q)-MC(Q)

Representing

MNB (Q)= The marginal net benefits at Q level of control variable

MB(Q)= marginal benefits

MC(Q)=Marginal Costs

We are already given: MB(Q) = 36 – 8Q and MC(Q) = 12.)

This means

MNB(Q)=MB (Q)-MC(Q)

= 36-8Q-12

36-12-8Q

=24-8Q

MNB(Q)= 24-8Q

d) Find the marginal net benefits

Step 1) when Q=1 we use the formula for marginal net benefit MNB(Q)= 24-8Q

=MNB(Q)= 24-8(1)

= 16

Step 2) when Q=5 we use the formula for marginal net benefit MNB(Q)= 24-8Q

=MNB(Q)= 24-8(5)

=24-40

=-16

e) Calculate the maximum net benefits which represent the maximum level where the marginal costs= marginal benefits (it is a control variable level).

MB(Q)=MC(C)

MB(Q)= Marginal benefits

MC(Q)= Marginal Costs

We already know that MB(Q) =36-8Q and MC(Q)=12

Therefore, maximum benefit

= MB(Q)= MC(Q)

=36-8Q=12

8Q=36-12

8Q= 24

Q= 3.

This means that when Q is 3, then the net benefits will be at its maximum level

f) Compute marginal net benefits which is the difference between the marginal costs and benefits

MNB(Q)=MB(Q)-MC(Q)

MNB(Q)= Marginal net benefits

MB(Q)= Marginal benefits

MC(Q)= Marginal Costs

we already know that MB(Q) =36-8Q and MC(Q)=12

MNB(Q)= 36-8Q-12

=36-12-8Q

=24-8Q

Since the maximum level where net benefits are highest is 3 as calculated above, we then replace Q with 3 in the equation

MNB(Q)= =24-8(3)

= 24-24

=0

This means at Q level of 3, the net costs will be equal to the net benefits and the net benefits are at the maximum level.

5 0

3 years ago

Seemore Company manufactures binoculars. The actual costs for 2013 and 2014 were as follows:

Romashka-Z-Leto [24]

Answer:

c. $7.44

Explanation:

Seemore's Company continuous improvement target for plastic cases in 2014 would be calculated by subtracting 7% of cost of plastic cases in 2013 from the cost of plastic cases in 2013 as the target cost reduction is 7%

= $8 - ($8 * 7%)

= 8 - ($8 * 0.07)

= $8 - $0.56

= $7.44

6 0

3 years ago