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2 years ago

According to the article, why might employers want to ensure that they have cause when terminating an employee?

1 answer:

6 0

Reasons to terminate an employee is because of sexual harrasment, Drug or alchohol use, damaging company property, or unethical behaviour and service.

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In the perfectly competitive gadget industry there are 10 firms with identical costs given by C = 500 + 20q + q2, none of which

IgorC [24]

Answer:

The explanation is below

Explanation:

A. Shutdown point is achieved when price equal AVC. when price lowers than the AVC, firm shutdown.

VC = q^2

AVC = q

So,

P = q is the shutdown point.

B. For profit maximizing level of output,

P = MR = MC

500 = 20 + 2q

q = 240 units

So, profit maximization level of output = 240 units

C. Firm level supply curve = MC curve above the shutdown point

Number of firms = 5

So,

Industry supply curve = 10*MC = 200+20Q

Industry supply curve = 200+20Q

It shows that MC curve above the shutdown point is supply curve.

4 0

3 years ago

How and why do economic actors analyze opportunity costs to determine which goods or services they should specialize in?

vovikov84 [41]

A model used to illustrate the trade-offs related to splitting resources between the production of two items is called the Production Possibilities Curve (PPC).

<h3>How do economic actors calculate costs to specialize products?</h3>

The PPC is a useful tool for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction.

Exchange possibilities that lead to consumption opportunities outside of the PPC are the consequence of production specialization based on comparative advantage rather than an absolute advantage.

In contrast to what would have been achievable domestically, trade between two agents or countries enables the countries to enjoy a higher overall output and level of consumption.

<h3 />

PPCs can be used to decide who should specialize in a certain good as well as opportunity costs and comparative advantages.

A nation or individual will be able to consume at a point beyond its PPC through specialization and commerce, assuming the terms of trade are advantageous (for example, offering each agent a cheaper opportunity cost than could be accomplished without trade).

Check out the link below to learn more about opportunity costs;

brainly.com/question/17410093

#SPJ1

3 0

2 years ago

Explain what the economic problem is

Helen [10]

Answer:

Economic systems as a type of social system must confront and solve the three fundamental economic problems: What kinds and quantities of goods shall be produced, "how much and which of alternative goods and services shall be produced?" How shall goods be produced? ..by whom and with what resources

8 0

2 years ago

Use the following data to calculate the current ratio.

White raven [17]

Answer:

Kingbird, Inc.

Current Ratio = Current Assets/Current Liabilities

= $406,000/$147,800

= 2.75

Explanation:

a) Data and Calculations:

Kingbird, Inc. Balance Sheet December 31, 2022

Cash and cash equivalents $68000 Accounts payable $135500

Accounts receivable 103500 Salaries & wages payable 12300

Inventory 144500 Bonds payable 166000

Prepaid insurance 90000 Total liabilities $313800

Stock investments 181500

Land 195000

Buildings $225000 Common stock $239200

Less: Accumulated

depreciation (64000) 161000 Retained earnings 502500

Trademarks 112000 Total stockholders' equity $741700

Total assets $1055500 Total liabilities and stockholders'

equity $1055500

Current Assets:

Cash and cash equivalents $68,000

Accounts receivable 103,500

Inventory 144,500

Prepaid insurance 90,000

Total current assets $406,000

Current Liabilities:

Accounts payable $135,500

Salaries & wages payable 12,300

Total current liabilities $147,800

6 0

3 years ago

Suppose we play the following game based on tosses of a fair coin. You pay me $10, and I agree to pay you $n2 if heads comes up

storchak [24]

Answer:

Explanation:

A geometric distribution is commonly known as a probability distribution that is used for the total number of Bernoulli trials computed till there is a successful trial. Therefore:

If X is the toss with the first head, then, it is a geometric distribution with p = 0.5. The payable amount (A) will be:

$A = E(X^{2})$ = (1+0.5)/(0.5)^2 = 1.5/0.25 = 6

If $10 is used to play the game, the loss will be 10-6 = $4 per game.

8 0

3 years ago