The Gross Domestic Product of Bangladesh in 2021 is 11,100.
Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country's borders during a specific time period, typically a year. It represents the economic output of a country and is a widely used indicator of a country's economic health and standard of living. GDP includes the value of all final goods and services produced, including those produced by foreign-owned firms operating within the country's borders, but excludes the value of intermediate goods and services used in the production process.
The Gross Domestic Product (GDP) of Bangladesh in 2021 is calculated as follows: GDP = Consumption + Investment + Government Purchases + (Exports – Imports) + Taxes + Transfer Payments + Depreciation
GDP = 5,000 + 3,000 + 2,500 + (500 - 700) + 1,500 + 600 + 300
GDP = 11,100
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(In order to solve the equations, students can use log tables or
calculators) Example 3. Find out MEC of a machine worth Rs. 10,000
whose lumpsum net yield after 5 years hence is Rs. 15,000.
The MEC of a machine worth Rs. 10,000 whose lumpsum net yield after 5 years is Rs. 15,000, is 0.5 or 50%.
To find out the MEC (Marginal Efficiency of Capital) of a machine worth Rs. 10,000 whose lumpsum net yield after 5 years hence is Rs. 15,000, we can use the formula for MEC:
MEC = (Future Value - Present Value) / Present Value
Where:
Future Value is the lumpsum net yield after 5 years (Rs. 15,000)
Present Value is the worth of the machine (Rs. 10,000)
Plugging in the values into the formula, we get:
MEC = (15,000 - 10,000) / 10,000
MEC = 5,000 / 10,000
MEC = 0.5
Therefore, the MEC of the machine is 0.5.
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What phase is the second part of the downswing period
Maturity. After several years in business, your company may hit a stage of maturity when it's more stable and profitable. This is the third stage in the life cycle of a business.
Answer the question using concepts you have learnt and apply the best examples from real life:
What does the economic environment consist of as far as marketers are concerned, and why is it so important for them? (AACSB: Communication; Reflective Thinking)
Your answer should be an average of of 300 words
The economic environment refers to the conditions and forces that affect the cost and availability of goods, services, and labor, which in turn influence the behavior of buyers and sellers.
As far as marketers are concerned, the economic environment consists of various factors such as income levels, employment rates, inflation, interest rates, and consumer spending habits. These factors play a crucial role in shaping the marketing strategies of businesses.
One of the most important aspects of the economic environment for marketers is income levels. The level of income of consumers determines their purchasing power and affects their spending habits. For example, if the income levels are high, consumers are more likely to spend on luxury goods and services.
On the other hand, if the income levels are low, consumers are more likely to spend on necessities and are less likely to spend on luxury goods and services. Marketers need to understand the income levels of their target market in order to develop appropriate marketing strategies and price their products accordingly.
Employment rates also play a crucial role in the economic environment. When employment rates are high, consumers have more disposable income and are more likely to spend on goods and services.
Conversely, when employment rates are low, consumers have less disposable income and are less likely to spend on goods and services. Marketers need to take into account the employment rates of their target market in order to develop effective marketing strategies.
Inflation and interest rates also affect the economic environment. When inflation is high, the prices of goods and services increase, which affects the purchasing power of consumers.
Similarly, when interest rates are high, consumers are less likely to borrow money to make purchases, which affects the demand for goods and services. Marketers need to be aware of the inflation and interest rates in order to develop appropriate pricing and promotional strategies.
Consumer spending habits are another important aspect of the economic environment. Marketers need to understand the spending habits of their target market in order to develop effective marketing strategies.
For example, if consumers are more likely to spend on experiences rather than material goods, marketers need to develop marketing strategies that focus on experiences rather than material goods.
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In the circular flow of income and spending in South Africa, ________ firms in the factor market becomes ________ households, while ________ households in the goods market becomes ________ firms. Expenditure by foreigners on South African products constitutes the circular flow.
A. income to; spending by; income to; spending by; a leakage from
B. income to; income to; spending by; spending by; an injection into
C. spending by; income to; spending by; income to; an injection into
D. spending by; spending by; income to; income to; a leakage from
In the circular flow of income and spending in South Africa, spending by firms in the factor market becomes income to households, while spending by households in the goods market becomes income to firms. This is represented by option C.
Expenditure by foreigners on South African products constitutes an injection into the circular flow.
This means that money is being added to the economy, which can lead to an increase in income and spending.
An economy is basically referred as an area of the production, distribution and trade, as well as consumption of all the goods and services.
Thus, the correct answer is option c.
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4G Zong CMPak 16 Jazz HD [ 98 14 4:28 Report E J H D (1) Out of the following events, which are likely to cause the demand for coffee to increase? Explain your answers. a. An increase in the price of tea b. An increase in the price of doughnuts c. A decrease in the price of coffee d. The Surgeon General's announcement that drinking coffee lowers the risk of heart disease e. Heavy rains causing a record-low coffee harvest in Colombia (10%)
The events that are likely to cause an increase in the demand for coffee are: a) An increase in the price of tea, b) A decrease in the price of coffee, and c) The Surgeon General's announcement that drinking coffee lowers the risk of heart disease.
An increase in the price of tea would make coffee relatively more attractive to buyers, causing an increase in demand for coffee. A decrease in the price of coffee would also increase the demand for coffee, as it would become more accessible to buyers. Lastly, the Surgeon General's announcement that drinking coffee lowers the risk of heart disease would increase the perceived benefits of coffee, leading to an increase in demand.
Heavy rains causing a record-low coffee harvest in Colombia (10%) is not likely to cause an increase in demand for coffee, as the amount available to the market is reduced. Similarly, an increase in the price of doughnuts would not cause an increase in demand for coffee.
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Suppose the cost of producing two goods, q1 and q2, can be expressed as:
C(q1, q2) = αq1 +Bq2 +\gammaq1q2
If the production process has diseconomies of scope, what values should α,B, and/or\gammatake? (Assume q1 >= 0 and q2 >= 0, and C(q1, q2) > 0.)
The values for α, B, and γ will depend on the production process and the specific goods being produced. Generally, if the production process has diseconomies of scope, the values for α, B, and γ will be positive. That is, the cost of producing one good increases with an increase in the production of the other good.
For example, if the production of q1 requires the use of specialized machinery and q2 requires labor, then the cost of producing q1 and q2 would increase with an increase in the production of both. Thus, in this scenario, α, B, and γ would be positive.
If the production process has economies of scope, then the values for α, B, and γ will be negative. That is, the cost of producing one good decreases with an increase in the production of the other good.
For example, if the production of q1 and q2 both require the same materials, then the cost of producing both q1 and q2 would decrease with an increase in the production of both. Thus, in this scenario, α, B, and γ would be negative.
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i'm taking notes List the advantages of the energy source. For example, is it a form of “green” energy because it does not burn fossil fuels or release greenhouse gases? List the disadvantages of the energy source. For example, is it difficult to store? Are the start-up costs expensive? Lastly, you should add at least two interesting statistics, “facts,” or images form of energy to give your presentation an appealing look. See below for a suggested format. You may us notes
Answer:These energy sources include sunshine, wind, tides, and biomass, to name some of the more popular options. Renewable resources won’t run out, which cannot be said for many types of fossil fuels – as we use fossil fuel resources, they will be increasingly difficult to obtain, likely driving up both the cost and environmental impact of extraction. 2.
Explanation:
What do you call it when you understand god in many ways?
( its not polytheism because it doesn’t fit in the crossword )
Answer:
Omnipotence
Explanation:
Is there any evidence at α = 0.10 to conclude that on an average the cost of uber service is greater than 295 taka. However, the population standard deviation is given ϭ = 12
Write appropriate null and alternative hypothesis from the given statement in your paper?
Yes, there is evidence at α = 0.10 to conclude that on an average the cost of uber service is greater than 295 taka.
The appropriate null and alternative hypothesis from the given statement are:
Null hypothesis (H0): The average cost of uber service is less than or equal to 295 taka.
Alternative hypothesis (Ha): The average cost of uber service is greater than 295 taka.
To test these hypotheses, we can use a one-sample t-test with a significance level of α = 0.10. The test statistic is calculated as:
t = (X-bar - μ0) / (s / √n)
where X-bar is the sample mean, μ0 is the hypothesized population mean (295 taka), s is the sample standard deviation, and n is the sample size.
If the calculated t-value is greater than the critical t-value at α = 0.10, then we reject the null hypothesis and conclude that the average cost of uber service is greater than 295 taka.
If the calculated t-value is less than or equal to the critical t-value, then we fail to reject the null hypothesis and cannot conclude that the average cost of uber service is greater than 295 taka.
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What was transported across the Panama Canal?(1 point)
Responses
land
land
water
water
travelers
travelers
raw materials
raw materials
Q. Is there any real basis for cooperation between the
sdcialist
Soviet Union and the capitalist United States to restrain the
fascist aggressors?
A. Yes, there is a real basis for cooperation between the socialist Soviet Union and the capitalist United States to restrain the fascist aggressors.
Despite their ideological differences, both the Soviet Union and the United States had a common interest in preventing the spread of fascism and maintaining world peace.
This led to their alliance during World War II, where they worked together to defeat Nazi Germany and its allies.
However, this cooperation was not without tension and distrust, as both sides were wary of each other's intentions and competing interests.
Nevertheless, their shared goal of defeating fascism provided a basis for cooperation and allowed them to put aside their differences for the greater good.
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Why were tensions high in the late 1960s amongst Democrats?
The country appeared to be on the verge of a nervous breakdown in 1968, as fights erupted over the Vietnam War, cultural norms, and race.
What is an example of what appeared?
The stars emerged in the sky one by one. The sun peered out from behind the clouds. The planes appeared seemingly out of nowhere.The It also gives his face a more youthful appearance. Yet, "look" is a more casual verb than "appear." Your phrase came out as casual, as if you were speaking to a buddy. In contrast, you could see or hear the term "appear" in formal discourse, such as an official news report.
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1. WHAT DO YOU THINK IS IN THE CULTURE THAT FAVORS, ENCOURAGES AND SUSTAINS THE ENTREPRENEURIAL DRIVE AMONG PEOPLE
2.CHOOSE ONE VALUE FAVORABLE TO ENTREPRENEURSHIP AND WHAT ARE YOUR THOUGHTS FROM YOUR CHOSEN VALUE.
1. Several cultural factors include in this. They are Individualism, Competition, Education etc.
2. One value favorable to entrepreneurship is individualism.
1. There are several cultural factors that favor, encourage, and sustain the entrepreneurial drive among people. These include:
Individualism: A culture that values individualism encourages people to take risks and pursue their own ideas, which is essential for entrepreneurship.Competition: A culture that values competition encourages people to strive for success and to innovate, which is crucial for entrepreneurship.Education: A culture that values education and promotes access to knowledge and resources encourages people to acquire the skills and knowledge necessary for entrepreneurship.Support for innovation: A culture that supports innovation and encourages people to try new things can help to foster entrepreneurship.2. One value favorable to entrepreneurship is individualism. Individualism encourages people to pursue their own ideas and to take risks, which is essential for entrepreneurship. In a culture that values individualism, people are more likely to be motivated to start their own businesses and to pursue their own goals, rather than following the crowd or conforming to societal norms. This can help to create an environment in which entrepreneurship can thrive.
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Isaac buys five new textbooks during his first year at University at a price of $80 each, spending all his textbook budget. Used textbooks cost only $50 each. When the bookstore announces that there will be a 10% increase in the price of new books and a 5% increase in the price of used books, Isaac's father offers him $40 extra.
a) What happens to Isaac's budget line?
b) Is Isaac worse off or better off after the price change？
A budget line is a graphical representation of the possible combinations of two goods that can be purchased with a given budget. A change in price of one or both goods or a change in the budget will result in a shift or rotation of the budget line.
a) After the price change, the price of new textbooks increases from $80 to $88 ($80 + ($80 * 0.10)) and the price of used textbooks increases from $50 to $52.50 ($50 + ($50 * 0.05)). Additionally, Isaac's budget increases by $40 from his father.
As a result, his budget line will shift outward and rotate slightly, indicating that he can now afford more textbooks but at a higher price.
b) Whether Isaac is worse off or better off after the price change depends on his preferences for new versus used textbooks.
If he strongly prefers new textbooks, he may be worse off because the price increase for new textbooks is greater than the price increase for used textbooks and his budget increase may not be enough to offset the higher cost.
However, if he is indifferent between new and used textbooks or prefers used textbooks, he may be better off because he can now afford more textbooks with the additional $40 from his father.
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Why does much of east Africa have cooler temperatures than other regions?
A.The region sits at a higher elevation.
B.The region has enormous grasslands.
C.The region has benefited from deep water lakes.
D.The region is divided by a series of rift valleys.
the region sits at a higher elevation Answer:A
Explanation:East Africa is a region that begins in Tanzania in the south and extends north through the great grasslands and scrub forest of the savannas of Kenya and Uganda and then across the highlands of Ethiopia, including the Great Rift Valley. The region also comprises the countries of Somalia, Djibouti, and Eritrea, which are located in the African Transition Zone between North Africa and Subsahran Africa. Rwanda and Burundi are physically in East Africa but are covered in the lesson about Central Africa because of their border activities with the Congo. The world’s second-largest lake by surface area is Lake Victoria, which borders Uganda, Tanzania, and Kenya. (Lake Superior, on the border between the United States and Canada, is considered the lake with the largest surface area.) Lake Victoria provides fish and fresh water for millions of people in the surrounding region. The White Nile starts at Lake Victoria and flows north to the city of Khartoum in Sudan, where it converges with the Blue Nile to become the Nile River. The source of the Blue Nile is Lake Tana in the highlands of Ethiopia.
The focus of this question is on the market for petrol in Australia.
During the month of March 2020, the following two shocks occurred in the market for petrol.
1. Major oil producing countries (most notably Saudi Arabia and Russia) moved to increase their crude oil production. Crude oil is the main input to the production of petrol.
2. Road traffic across Australia fell significantly. This is the result of government’s lockdown policies to fight the coronavirus spread.
Required:
1. Considering the two shocks above, determine how the demand and supply of petrol would change. Clearly explain why such change(s) would occur. (0.5 + 0.5 = 1 mark)
2. Explain how the demand curve and the supply curve will shift as the result of the shocks above. (0.5 mark)
3. Clearly explain how the equilibrium price and quantity of petrol would change as a result. (0.5 mark)
4. For an average petrol station on Glenferrie Road in Hawthorn, how would its revenue in March change, in comparison with February (when there was no shock)? Clearly explain your answer. (1 mark)
Note: You do not need to show any graph as part of your answer. You are only required to describe the change(s) in demand and supply, and the shifts of the curve(s).
1. Considering the two shocks above, the demand and supply of petrol would both change.
2. The demand curve for petrol will shift to the left, as people are using less petrol due to the lockdown policies.
3. The equilibrium price for petrol will decrease, as there is now an increase in supply and a decrease in demand.
4. For an average petrol station on Glenferrie Road in Hawthorn, its revenue in March would decrease in comparison with February, since the price of petrol has decreased.
The demand for petrol would decrease, since people are now using less petrol due to the lockdown policies in place. Meanwhile, the supply of petrol would increase, since the major oil producers have increased their crude oil production
The supply curve for petrol will shift to the right, since there is now more petrol being produced. The equilibrium quantity of petrol will also decrease, since people are now using less petrol.
The decrease in demand due to the lockdown policies would also have a significant effect on the revenue of the petrol station.
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Four ways in which thecrule of law could protect community members whose private property was damaged during a protest action
Four ways in which the rule of law could protect community members whose private property was damaged during a protest action - Criminal prosecution, Civil litigation, Police protection, Injunctions.
The political premise of the rule of law is that all individuals and organizations within a nation are subject to the same laws.
Criminal prosecution is necessary to hold those who damage private property or conduct other crimes responsible for what they do. People a claim to get reimbursed for damages. The protection of law enforcement is necessary for the authority of law. The rule of law allows for injunctions to stop people or organizations from doing certain things, like causing damage to private property. Any injuncton could well be sought by to stop further property harm caused by protests.
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The executive branch is responsible for ensuring that laws are carried out, or executed. The president has the most power in the executive branch. The president serves as commander in chief of the armed forces. That means that he or she has the final say in military plans. However, Congress has the power to declare war. The president also negotiates treaties. The president is the leader of his or her political party. The president and his or her party may collaborate to draft legislation that is then promoted by the party in Congress. The president also dictates US foreign policy. In addition to the president, the executive branch includes the vice president, the Cabinet and other federal agencies.
The President appoints the heads of the federal agencies, including the Cabinet, in order to carry out and enforce the laws passed by Congress.
What is the executive branch ?The president is in charge of the executive branch, and one of his constitutional duties is to be the armed forces' commander in chief; settling agreements; appointing ambassadors, cabinet officials, and federal judges including Supreme Court members; and acting as president. The president appoints the members of the cabinet with the approval of the Senate. They are called "the principal officers of the executive departments" in the Twenty-Fifth Amendment, but non-cabinet-level presidential aides now hold a lot of power. Government corporations, independent executive agencies, and independent regulatory agencies are all members of the executive branch.
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1: Given the demand and supply system:
Pb = 48 - 5 Qb & Pv = 3 + 2 Qv
How much will be demanded if buyers pay a per unit tax of T^ = 4 ?
#2: Given the demand and supply system:
Pb = 54 - 5 Qb & Pv = 3 + 2 Qv
How much will be supplied if sellers pay a per unit tax of T^ = 4 ?
1. The new quantity demanded when buyers pay a per unit tax of 4 is Qb = (52 - Pb)/5. 2. The new quantity supplied when sellers pay a per unit tax of 4 is Qv = (Pv + 1)/2.
1: To find the quantity demanded when buyers pay a per unit tax of T^ = 4, we need to add the tax to the demand equation. This will give us the new demand equation:
Pb = 48 - 5 Qb + 4
Now, we can solve for Qb by rearranging the equation:
5 Qb = 48 - Pb + 4
Qb = (52 - Pb)/5
This is the new quantity demanded when buyers pay a per unit tax of 4.
2: To find the quantity supplied when sellers pay a per unit tax of T^ = 4, we need to subtract the tax from the supply equation. This will give us the new supply equation:
Pv = 3 + 2 Qv - 4
Now, we can solve for Qv by rearranging the equation:
2 Qv = Pv - 3 + 4
Qv = (Pv + 1)/2
This is the new quantity supplied when sellers pay a per unit tax of 4.
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Which of the following was an effect of urbanization?
The life expectancy of a worker in the city was twice as long as a farmer in the country.
Housing was built quickly for factory workers resulting in poorly constructed and badly ventilated buildings.
arkans were homeless and fled to cities.
Farming production increased as a result of more workers in the fields.
Answer:
Housing was built quickly for factory workers resulting in poorly constructed and badly ventilated buildings.
Explanation:
Using the picture and your knowledge of social studies to answer the following question.
What does the image in this cartoon symbolize?
A.Colonialism
B.Industrialism
C.Nationalism
D.Patriotism
Answer:
A
Explanation:
Because in the source in the picture it states that Cecil Rhodes was a colonialist and him coming to Africa a place of rich resources such as gold, diamond, and rooibos tea leaves would indicate or imply he was going to colonize it was he was also british and he founded the Southern Africa ln territory of rhodesia which is now Zimbabwe and zambia
1. In reaction to higher input costs, a physician decides to increase the average price of a visit by 5 percent.
‘Price Elasticity of Demand for Physician Visits -.13 to -.03’.
Based on this empirical evidence total revenue for this physician’s services will:
a) increase b) decrease c) stay the same d) cannot determine
When in reaction to higher input costs, a physician decides to increase the average price of a visit by 5 percent, total revenue for this physician’s services will increase. Therefore, the correct option is a.
Based on the empirical evidence, the total revenue for this physician's services will increase. This is because when the price of a good or service increases, the total revenue also increases, as long as the demand for the good or service stays the same or does not decrease significantly.
In this case, the physician has increased the price of a visit by 5%, which will result in an increase in total revenue, as long as the demand for the physician's services stays the same or does not decrease significantly. It is important to note that if the demand for the physician's services decreases significantly as a result of the price increase, then the total revenue may decrease.
However, based on the information provided, it is most likely that the total revenue will increase. Therefore, the correct answer is a.
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How do SPD (stereotypes--especially negative S, prejudice and discrmination) help you see the link to conflict and even violence?
Stereotypes, prejudice, and discrimination (SPD) can lead to conflict and even violence by promoting negative feelings between groups of people.
Stereotypes, prejudice, and discrimination (SPD) can all lead to the formation of unfavourable attitudes and behaviours against individuals or groups of people based on perceived features or identities. When unfavourable attitudes are not addressed or challenged, they can escalate to confrontations and even bloodshed.
Stereotypes are generalised and simplified ideas about groups of individuals that are frequently based on insufficient or incorrect information.
Prejudice is a negative attitude towards a group of people that is based on preconceptions and can lead to discrimination - uneven treatment or harmful acts performed against individuals or groups based on their membership in that group.
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Find all the pure and mixed strategy Nash equilibria to the following games with wNM preferences. Show your work.
1\2 L R
U 2.3 2.5
R 1.4 1.2
The Nash equilibria for this game with wNM preferences are (U, R).
In order to find the Nash equilibria for the given game with wNM preferences, we need to examine each player's best responses and look for any strategies that are mutually best responses.
First, let's examine Player 1's best responses:
- If Player 2 chooses L, Player 1's best response is U (since 2.3 > 1.4).
- If Player 2 chooses R, Player 1's best response is U (since 2.5 > 1.2).
Now, let's examine Player 2's best responses:
- If Player 1 chooses U, Player 2's best response is R (since 2.5 > 2.3).
- If Player 1 chooses R, Player 2's best response is L (since 1.4 > 1.2).
From these best responses, we can see that there is one pure strategy Nash equilibrium: (U, R). This is because both players are choosing their best responses given the other player's choice.
There are no mixed strategy Nash equilibria for this game. This is because there are no probabilities of choosing L or R for either player that would make the other player indifferent between their two strategies. Therefore, there are no mixed strategy Nash equilibria for this game.
So, the only Nash equilibrium for this game with wNM preferences is the pure strategy Nash equilibrium (U, R).
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What is the non price factors affecting supply of the future
price expectations ? define and give examples
The non-price factors affecting supply of the future price expectations are things that do not directly involve pricing, such as production costs, taxes, labor availability, and weather conditions.
For example, production costs such as the cost of raw materials, labor costs, and overhead costs can all affect the supply of a product in the future.
Taxes on the product can also affect its supply. If the taxes are too high, the product may not be profitable enough to continue being produced in the future.
Labor availability is another non-price factor that can affect supply. If there are not enough workers available to produce the product, then the supply of the product may be limited in the future.
Lastly, weather conditions can also affect the supply of a product. If the weather does not permit the necessary conditions for production, the product may not be able to be produced in the future.
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2. What does the phrase ‘Honesty is the best policy’ mean to you?
Answer:
Honesty is the best policy means that it is better to tell the truth than to tell a lie, no matter the consequences.
Explanation:
If someone finds out the truth they'll be more sad that you didn't tell them than if you would've told them.
Answer:
The saying honestly is the best policy is very important to me because it helps guide you to a more truthful path and may give you good fortune in the future it goes along with term treat others the way you want to be treated I want people to be honest with me personally
provides the labour needed to produce one unit of each good in each country: Brazil Argentina
Side of Beef 30 40
0Bushel of Wheat 5 10
If each country consumes half of global wheat production, how many sides of beef can Brazil consume? 4.5 6 5 4.8 How many sides of beef can Argentina consume? 1.2 1.45 6.25 2 Total world exports consist of M O 20 bushels of wheat and 5 sides of beef O 24 bushels of wheat and 1.2 sides of beef O 24 bushels of wheat and 6 sides of beef O 24 bushels of wheat and 4.8 sides of beef
Based on the provided labor needed to produce one unit of good in Brazil or Argentina, Brazil can consume 5 bushels of wheat x 6 sides of beef = 30 sides of beef. Argentina can consume 5 bushels of wheat x 4 sides of beef = 20 sides of beef. Total world exports consist of 10 bushels of wheat and 50 sides of beef. The correct answer is 10 bushels of wheat and 50 sides of beef.
In order to answer this question, we need to first calculate the total global production of wheat and beef, and then determine how much each country can consume based on their share of the global production.
Total global production of wheat = (5 bushels x 2 countries) = 10 bushels
Total global production of beef = (30 sides x 2 countries) = 60 sides
If each country consumes half of the global wheat production, then each country can consume 10 bushels / 2 = 5 bushels of wheat.
To determine how many sides of beef each country can consume, we need to calculate the opportunity cost of producing wheat in each country. The opportunity cost is the amount of one good that must be given up in order to produce one unit of another good.
In Brazil, the opportunity cost of producing 1 bushel of wheat is 30 sides of beef / 5 bushels of wheat = 6 sides of beef.
In Argentina, the opportunity cost of producing 1 bushel of wheat is 40 sides of beef / 10 bushels of wheat = 4 sides of beef.
Since Brazil has a higher opportunity cost of producing wheat, it can consume more sides of beef. Brazil can consume 5 bushels of wheat x 6 sides of beef = 30 sides of beef. Argentina can consume 5 bushels of wheat x 4 sides of beef = 20 sides of beef.
Therefore, the total world exports consist of 10 bushels of wheat and 50 sides of beef. The correct answer is 10 bushels of wheat and 50 sides of beef.
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How is unemployment measured and reported?
What is a discouraged worker? Are they included in the basic unemployment rate? Are they included in any measure of unemployment? How has the number of discouraged workers changed since 2008? How does the exclusion of the discouraged worker affect the basic unemployment rate reported in the media?
Unemployment is measured and reported by the U.S. Bureau of Labor Statistics (BLS) using the Current Population Survey (CPS). This survey is based on interviews conducted with a representative sample of the population and is used to estimate the number of unemployed people.
A discouraged worker is someone who is not actively looking for work due to a lack of job opportunities, inadequate job skills, or other discouragement. Discouraged workers are not included in the basic unemployment rate, which is referred to as the U-3 rate. They are, however, included in the U-4, U-5, and U-6 measures of unemployment.
Since 2008, the number of discouraged workers has increased significantly. This is largely due to the economic downturn, which has made it more difficult for people to find work. The exclusion of discouraged workers from the basic unemployment rate reported in the media can lead to an underestimation of the true unemployment rate, as it does not take into account those who are not actively looking for work.
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Question 1 sity of ord ESTER With reference to recent developments, explain the significance of modern instantaneous communication for formation of a contract, Define modern instantaneous communication with examples. Explain the significance of modern instantaneous communication in terms of acceptance of a valid offer. Outline the difficulties that may arise for each of them cite case laws, recent case laws are recommended. contract formed then the communication is sent? Or When deemed to have received. What happens if the communication was sent outside office hours? Or a different time zone? Do they same rule apply to all types of communications? Does postal rule apply? Then summarise your key findings.
Modern instantaneous communication, such as emails and text messages, is an important part of forming a contract. Instantaneous communication allows an offer and its acceptance to be sent and received almost immediately, allowing a contract to be formed quickly and efficiently.
This can be contrasted to the traditional 'postal rule', where an acceptance must be posted to be considered valid and the contract is only formed when the acceptance is received.
The significance of modern instantaneous communication is that it allows contracts to be formed quickly, which can be extremely beneficial in business transactions where time is of the essence. Additionally, it can also reduce costs associated with the postal rule, which requires the sender to pay for postage.
Case law has established that for a contract to be validly formed, the parties must be deemed to have received the acceptance. In terms of instantaneous communication, this means that a contract is formed when the communication is sent. This can be seen in the case of Entores Ltd v Miles Far East Corporation (1955) where a contract was formed via telegram.
However, complications may arise when the communication is sent outside of normal office hours or when parties are in different time zones. It is important to be aware of these issues and the potential problems that may arise, as these may have a significant effect on the formation of a valid contract.
In conclusion, modern instantaneous communication has revolutionised the process of forming a contract. It allows a contract to be formed quickly and efficiently, while also reducing costs associated with the traditional postal rule. However, complications may arise, particularly when the communication is sent outside of normal office hours or when parties are in different time zones, and it is important to be aware of the potential problems that may arise.
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in the Guntur region,Ram has 20 acres of land to produce paddy. In a month, he recruits labour from his village to produce paddy. He tries 10 different combinations of land and labour to produce paddy and the output is registered 0, 20, 50, 90 120 140, 150, 150,143 and 140 quintals respectively. Answer the following questions by using this information: A.) Find out the average and marginal productivity of land and labour for the commodity and draw respective diagrams for the variables?
B.)Discuss the different stages of production (law of variable proportions) which will give optimal production to the producers of the region.
C. )Why does the labour force determine the ram's output level here? Discuss.
please help
A.) marginal productivity is 20, 30, 40, 30, 10, -7, and -3 quintals respectively.
B.) Increasing labor and capital in production leads to output growth, but with diminishing returns as per law of variable proportions.
C.) Increasing land and labor results in increasing output but with diminishing returns in 10 different combinations, determining the ram's output level via the labor force.
Detailed explanations:
A.) The average and marginal productivity of land and labor for paddy production in the Guntur region is determined by the given data. The average productivity of land can be calculated by taking the average of the output in quintals across the 10 different combinations of land and labor.
This gives an average productivity of 122.5 quintals. The marginal productivity of land can be determined by subtracting the output of the preceding combination of land and labor from the output of the succeeding combination. This gives a marginal productivity of 20, 30, 40, 30, 10, -7, and -3 quintals respectively.
The average productivity of labor can be calculated by taking the average of the output in quintals across the 10 different combinations of land and labour. This gives an average productivity of 12.25 quintals.
The marginal productivity of labor can be determined by subtracting the output of the preceding combination of land and labor from the output of the succeeding combination. This gives a marginal productivity of 10, 20, 20, 10, -7, -3, and 0 quintals respectively.
B.) The law of variable proportions states that as the amount of labour and capital employed increases, the production increases, but at a diminishing rate. In the Guntur region, the labour force determines the ram's output level as the 10 different combinations of land and labour result in an increasing output, but at a diminishing rate.
This indicates that Ram is in the stages of diminishing returns, where an additional unit of labor leads to a diminishing increase in output. Therefore, to achieve optimal production, Ram should aim to employ a labor force that achieves the highest output for the least amount of cost.
C.) The labor force determines the ram's output level here because the 10 different combinations of land and labor result in an increasing output, but at a diminishing rate. This indicates that as the labor force increases, the output increases but at a diminishing rate, resulting in a diminishing marginal return.
Thus, Ram should aim to employ a labor force that achieves the highest output for the least amount of cost.
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