Answer: 61.4001
Explanation:
Number of days = 107
Sample size, N = 9 bottles
Average value, X double bar = 60 degrees fahrenheit
Standard deviation = 1.4 degrees fahrenheit
Solution:
Upper Control Limit is calculated as;
UCLx = X double bar + (3 x Estimation of Sigma X bar)
Estimation of Sigma X bar = Standard deviation / Square root (N)
Estimation of Sigma X bar = 1.4 / sqr rt (9) = 1.4 / 3 = 0.4667
UCLx = X double bar + (3 x Estimation of Sigma X bar)
UCLx = 60 + (3 x 0.4667) = 61.4001
When constructing an X-bar chart, the upper control limit is 61.4°F.
What is upper limit?A quality characteristic can be said to meet the desired value or a normal deviation within the range defined by the Upper Control Limit (UCL) and the Lower Control Limit (LCL). The quality measured is deemed abnormal and necessitates intervention in the relevant process outside the scope of UCL and LCL.
The following can be deduced:
Number of days = 107
Sample size, N = 9 bottles
Average value, X double bar = 60 degrees fahrenheit
Standard deviation = 1.4 degrees fahrenheit
Upper Control Limit is calculated as;
UCLx = X double bar + (3 x Estimation of Sigma X bar)
Estimation of Sigma X bar = Standard deviation / Square root (N)
Estimation of Sigma X bar = 1.4 / sqr rt (9) = 1.4 / 3 = 0.4667
UCLx = X double bar + (3 x Estimation of Sigma X bar)
UCLx = 60 + (3 x 0.4667)
= 61.4
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____ are structured training programs that mandate that each beginner serve as an assistant to a fully trained worker before gaining full credentials to work in the field.
Before receiving full credentials for work in the industry, participants in structured programmes called apprenticeships are required to work like an assistant to a worker who has received the necessary training.
What credential means?1. something that lends credibility or assurance. additionally: qualification 3a. the candidate with the strongest qualifications. Credentials are testimonies or official records that attest to a person's ability to exert authority or be given credit.
What are examples of credentials?Doctorate levels (PhD, DrPH, Ids, EdD, Np), master's degree (Msc, MS, MA), requires a bachelor ’s degree (BS, BSN, BA), or bachelor degrees are examples of educational credentials (AD, ADN). RN and LPN certifications are required for licensure.
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Policymakers who control monetary and fiscal policy and want to offset the effects on output of an economic contraction caused by a shift in aggregate supply could use policy to shift
Aggregate demand to the right
Policymakers who control monetary and fiscal policy and want to offset the effects on output of an economic contraction caused by a shift in aggregate supply could use policy to shift Aggregate demand to the right.
Which of the following policy options best exemplifies a blend of monetary and fiscal measures intended to lift the economy out of a slump?Expansionary policy aims to generate demand through monetary and fiscal stimulus in order to stimulate an economy. Economic downturns and recessions are expected to be avoided or at least moderated through expansionary policies.
How do monetary and fiscal policies impact the economy?Fiscal and monetary policies are both employed to control economic activity over time. They can be used to either regulate growth and activity when an economy starts to overheat or to boost growth when it starts to slow. Fiscal policy can also be used to redistribute wealth and income.
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Advertising that is designed to persuade on the basis of human emotions and emotional needs rather than reason relies onGroup of answer choicespuffery.concealed facts.ambiguous wording.psychological appeals.
Society has called for reform as instances of unlawful and unethical business practices are made public.
What exactly do you understand by advertising?A marketing strategy called as advertising involves purchasing real estate to advertise a good, bad, or intangible idea. Ads, as they are commonly known, are the real advertising messaging. Reaching the demographics more likely to be interested in purchasing a company's goods or services is the aim of advertising.
Describe advertising with an example.These particular adverts include: Newspaper, magazine, and brochure advertisements, among other print media Radio and television commercials are examples of broadcast advertising. Hoardings, posters, flags, wraps, etc. are examples of outdoor advertising. Internet and digital gadget advertisements are referred to as "digital advertising."
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congress and the president decide how much money each bureaucratic agency will be authorized to spend in the process.
Congress and the president decide how much money each bureaucratic agency will be authorized to spend in the budgetary process.
The budget process is a means by which executive and legislative branches jointly develop a consistent set of tax and spending proposals. The mechanics of this process and the relative roles of her two branches of government vary widely from country to country.
Budgeting is a key pillar of overall success and security. This allows you to monitor and better understand if you have enough revenue (income) to pay for your business. Budgets help you make more informed financial decisions.
Accuracy is essential, not only for expenses but also for income. You have to consider how much you make or plan to make and how much you have to spend.
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in its first year of operations, cloudbox has credit sales of $240000. its year-end balance in accounts receivable is $14000, and the company estimates that $3500of its accounts receivable is uncollectible a. Prepare the year-end adjusting entry to estimate bad debts expense. b. Prepare the current assets section of Cloudbox's classified balance sheet assuming Inventory is $32,000, Cash is $24,000, and Prepaid Rent is $4,000. Note: The company reports Accounts receivable, net on the balance sheet. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the current assets section of Cloudbox's classified balance sheet assuming Inventory is $32,000, Cash is $24,000, and Prepaid Rent is $4,000. Note: The company reports Accounts receivable, net on the balance sheet. CLOUDBOX Balance Sheet Assets Current assets Cash Accounts receivable, net Inventory Prepaid rent $ 24,000 32,000 4,000 Total current assets $ 60,000 < Required A Required B
CLOUD BOX Balance Sheet Assets Current assets Cash Accounts receivable, net Inventory Prepaid rent $ 24,000 32,000 4,000 Total current assets 70,500
Date Account Title and Explanation Debit Credit
31-Dec Bad debts expense $3,500
Allowance for doubtful debts $3,500
Cloud box
Balance Sheet
As of December 31
Assets
Current Assets
Cash 24,000
Accounts Receivable, net 10,500 =14,000-3500
Inventory 32,000
Prepaid Rent 4,000
Total Current Assets 70,500
A balance sheet is an annual financial statement that contains information about a company's assets or liabilities at a particular point in time.
In financial accounting, a balance sheet is a summary of the financial balance of an individual or organization, whether it is a sole proprietorship, partnership, corporation, limited liability company, or other organization such as a government or non-profit organization.
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look at the table. how does the government in a free enterprise system, such as the one in the united states, differ from the role of government in a communist system regarding these market forces
In a free enterprise system, the government does not control any of these market forces.
In a free enterprise economic system, what function does the government serve?Maintaining law and order, defending the freedom of individuals to own property, and upholding voluntarily entered into agreements are all things that the government has the coercive authority to do. Essentially, the free enterprise system is supported by the government by providing a framework.
How does the government function in a free-market system?A free market economy with a few restrictions, rules, and protections from the government. Tax income is money the government gets from people's homes and businesses. This money is used to purchase products and services on the product market as well as supplies on the factor market.
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nathan noticed that a company that has great potential just declared a because its stock price was getting too high for the small investor to buy the stock. the company will substitute more shares for the existing shares of stock without increasing the market value of the firm. group of answer choices claim on income stock repurchase stock split dividend yield
The organization will replacement extra stocks for the prevailing stocks of inventory with out growing the marketplace price of the firm stock split.
The required details about stock split is mentioned in below paragraph.
A stock split up takes place whilst a organization will increase the range of its stocks to reinforce the inventory's liquidity. Although the range of stocks extraordinary will increase via way of means of a particular multiple, the whole greenback price of all stocks extraordinary stays the equal due to the fact a cut up does now no longer essentially alternate the organization's price. The maximum not unusualplace stock split ratios are 2-for-1 or 3-for-1 (on occasion denoted as 2:1 or 3:1). This approach for each percentage held earlier than the cut up, every stockholder may have or 3 stocks, respectively, after the cut up.
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The two broad categories into which capital budgeting decisions fall are ___ decisions and ___ decisions.
screening
preference
Considerations about screening and preferences are the two major areas of capital budgeting decisions.
What is capital budgeting decisions ?Choosing the best alternative long-term investment opportunity is what capital budgeting is all about. Where to put corporate funds is indicated. The years it will take to recoup investment, the return on a plan, and the net present value of the resulting cash flows are all calculated as part of the capital budgeting process. Considerations about screening and preferences are the two major areas of capital budgeting decisions. Whether a project proposal meets a particular accepted standard is the subject of screening judgments. Choosing between conflicting actions is governed by preference decisions.The several capital budgeting approaches are covered in this chapter, including internal rate of return, net present value, deferred payback, payback, and accounting rate of return. In addition, the study takes into account contingent proposals, capital rationing, nondiscretionary initiatives, and the inclusion of risk.
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True or false: Speculators are especially interested in financial futures because price volatility can lead to potentially highly profitable outcomes.
The primary participants in the futures market are speculators, Therefore the given statement is true.
Who are speculators?Speculators are sophisticated investors or traders who buy assets for short periods of time and use strategies to profit from price changes. Speculators are important to markets because they provide liquidity while also taking on market risk.A speculator is someone who is willing to risk losing a large sum of money in exchange for the possibility of making even more money. A speculator, for example, may invest in a risky stock in the hope of eventually selling it for a profit.Investors grow their wealth in a systematic manner, purchasing assets with reasonable levels of risk in exchange for long-term growth. Speculators, on the other hand, purchase assets that may experience rapid growth but may also lose their entire value if they are not properly managed.To learn more about speculators refer to :
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19.A major criticism of CEOs and boards during the 1980s, when corporate takeovers were regularoccurrences, wasa.not trying to get the best price they could for shareholders.b.focusing on "making deals" instead of running the business.c.trying to run up the price of their company's stock in preparation for the sale.d.being obsessed with self-preservation instead of making optimal decisions on behalf ofshareholders.
When corporate takeovers were common in the 1980s, a significant charge against CEOs and boards was that they were preoccupied with self-preservation rather than making the best choices for shareholders.
What is a corporate takeover?When control of an organization is transferred from one party to another, it is called a corporate takeover. Depending on whether or not the management of the target firm is a willing participant, corporate takeovers are either classed as hostile or friendly. According to the Williams Act's regulations, every entity that acquires more than 5% of a corporation's outstanding stock must file a report with the Securities and Exchange Commission (SEC) stating whether they intend to start a takeover or not.
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as in the case of merit pay, performance bonuses for rewarding individual performance are rolled into an employee'ss base pay. t/f
as in the case of merit pay, performance bonuses for rewarding individual performance are rolled into an employee's base pay- true.
What is merit pay?Performance-related compensation is referred to as "merit pay," "merit increases," or "pay for performance" most frequently in the context of educational reform or government civil service reform (government jobs). Employees who successfully complete their tasks in accordance with criteria that are simple to measure are given bonuses. Whether merit pay should be provided to public school teachers and other public employees in the United States, as is frequently the case in the United Kingdom, is a contentious issue among policymakers. The theory of incentives and behavioral psychology are the foundations of merit pay. These theories are predicated on the idea that individuals are rational and respond to incentives, and that performance may be increased with the right trigger.
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industrial unions are typically composed of individuals who perform the same type of work - machinists, pipefitters, etc.
Industrial unions are organizations comprised of people all of whom work in the same industry or provide a similar type of industry service, Therefore the given statement is false.
What is industrial unions?Industrial unionism is a trade union organizing method in which all workers in the same industry, regardless of skill or trade, are organized into the same union, giving workers in one industry, or all industries, more bargaining and strike leverage.A type of union organizing in which all workers in a specific industry are organized into the same union regardless of their skill or trade. As a result, workers in one or more of the industries gain more bargaining and strike leverage.A trade union brings together experienced workers who do the same jobs. The industrial union is an organization of workers who work in the same industry.To learn more about industrial union refer to :
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private companies, professional organizations, colleges, employers, and individuals are all sources of .
scholarships . ( Houses of worship, unions, school districts, chambers of commerce, and charities are all excellent sources of college scholarships.)
What is the common types of scholarships?
Executive and academic scholarships are the two most common types of scholarships awarded by universities. Leadership Scholarships are awarded for participation in curricular and extracurricular activities and academic excellence.
What are the best types of scholarships?
A full-ride scholarship is a ride to college that covers all costs and is the most desirable of the different types of scholarships. Most fully funded scholarships are school-specific, but some organizations do not limit the use of funds to specific schools.
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Based on the following cost data, what conclusions can you make about the costs of Product A and Product B?
While the price of Product B is set, the price of Product A is flexible. For a corporation to precisely assess profit versus costs each period, meticulous cost tracking is essential.
A cost data is what?
Cost data refers to precise information on specifics, such as anticipated costs for labor, materials, overhead, and other pricing elements that the contractor has included or will include as part of fulfilling the contract.
Why are cost data collected?
Cost information assists you in estimating the expenses of resources like labor, materials, and equipment needed to carry out a project, provide a service, or engage in another activity.
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suppose there are 5 million unemployed workers seeking jobs. after a period of recession, the economy is now recovering, hence 1 million of discouraged workers start to look for work. as a result of this, all else equal, the official unemployment rate would .
discouraged workers start to look for work. as a result of this, all else equal, the official unemployment rate would decline
The percentage of the labour force without a job is known as the unemployment rate. It is a lagging indicator, which means that rather than foretelling changes in economic conditions, it often rises or decreases in response to them.
The unemployment rate is likely to increase when the economy is struggling and there are few open positions. It is reasonable to anticipate a decline in it when the economy is expanding healthily and there are plenty of available jobs.
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today, the role of social media is to build relationships among consumers and turn consumers into brand advocates. in contrast to earlier goals of promotion, this new form of promotion is described best as promotion.
Today, the role of social media is to build relationships among consumers and turn consumers into brand advocates. In contrast to earlier goals of promotion, this new form of promotion is described best as Connecting promotion.
Which of the following, in terms of its marketing messages, is the primary objective of integrated marketing communication?Creating a consistent message and brand identity that customers will recognize across all media is the aim of integrated marketing communications. This calls for a coordinated approach involving all facets of marketing, from sales and customer service to public relations and advertising.
What term describes a variety of tools and procedures that assist marketers in the planning and evaluation of marketing initiatives?A corporation uses a set of tactical, controllable marketing tools known as the marketing mix to elicit a desired response from its target market. Everything a business can do to affect the demand for its product is included in it. It is a tool that aids in planning and carrying out marketing strategies.
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If a consumer could pay $100 for a new pair of jeans or $100 toward asteroid deflection,
what would that consumer likely choose?
I. purchase the jeans
II. purchase asteroid deflection
III. purchase both the jeans and asteroid deflection
A) I only
B) II only
C) III only
D) I and II only
If a consumer could pay $100 for a new pair of jeans or $100 toward asteroid deflection, would that consumer likely choose purchase the jeans I only.
Which of the following products can be both excluded and competed with?A private good is one that is both excludable and competitive in consumption.
Is reducing smog a public good?Option c) is erroneous since pollution reduction, a lighthouse, and national defense are all public goods rather than rival goods.
Which of the following describes why fish from the ocean, like tuna, are a valuable resource?Because it is hard to stop people from fishing in the ocean and because every time someone takes tuna, there is less tuna for the next person, tuna in the ocean is a common resource.
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Compare the following statements and select the one that accurately describes a company that is practicing supply chain management.
A. It sets up technology to enable the sharing of demand information with suppliers.
B. It has an inward focus on the activities and performance of other companies.
C. It recognizes the importance of sharing supply and demand information with suppliers and customers.
D. It has an outward focus regarding the activities of its own company.
E. It does not rely on other members of the supply chain to add value to the final product.
A. It puts up technology to make it possible for suppliers to share information about demand.
What is the major function of information technology in supply chain management?The main goal of information technology in supply chain management is to establish tight processes and information linkages across various business operations, including marketing, sales, finance, manufacturing, and distribution, both inside and between different companies.
What does supply chain management's customer relationship management entail?Managing a customer's interactions with a firm is the process of customer relationship management. Businesses can increase client retention, satisfaction, and loyalty thanks to it.
What do you mean by customer relationships?Customer relations, the culmination of all customer contacts and experiences, is the company-wide process of fostering strong relationships with your consumers.
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A. It puts up technology to make it possible for suppliers to share information about demand.
What is the major function of information technology in supply chain management?The main goal of information technology in supply chain management is to establish tight processes and information linkages across various business operations, including marketing, sales, finance, manufacturing, and distribution, both inside and between different companies.
What does supply chain management's customer relationship management entail?Managing a customer's interactions with a firm is the process of customer relationship management. Businesses can increase client retention, satisfaction, and loyalty thanks to it.
What do you mean by customer relationships?Customer relations, the culmination of all customer contacts and experiences, is the company-wide process of fostering strong relationships with your consumers.
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The marginal revenue curve for a monopoly tells us that as the monopolist sells one more unit, the marginal revenue per unit will fall.
True or False
Above statement is correct. The marginal revenue in a monopoly is always equal to or less than the average revenue since the price fluctuates as the amount sold fluctuates.
What Is Marginal Revenue?The additional money made from the sale of one more unit of output is referred to as marginal revenue. The law of diminishing returns dictates that marginal revenue will eventually begin to decline as output level rises, even though it can remain constant above a certain threshold of output. According to economic theory, businesses that are completely competitive keep on producing goods until marginal revenue and marginal cost are equal.
What is Marginal Revenue Curve?Due to the frequently economically negative relationship between price and quantity, the marginal revenue curve frequently has a downward slope. Demand for a product will almost certainly increase as a company lowers the price, while demand typically declines as prices are raised.
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it is possible to meet all project specifications and not meet client expectations or fail to meet one or more specifications and still meet or exceed a client's expectation.
The assertion is accurate. It is possible to adhere to all project specifications but yet falling short of or failing to achieve a client's expectations, or vice versa.
Describe specification and provide an example:
A specification is a need that is unambiguously specified, such as the characteristics that must be included in a product's design. I want to purchase a piece of land and have a house constructed to my specifications.
We utilize specifications because:
they provide clear instructions on the project's goal, performance, and construction. It could act as a reminder of the requirements for quality and standards to be met. It is possible to clearly specify materials and create things. It is possible to establish the prerequisites for installation, testing, and handover.
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the end product of a team effort is often a written report, a series of multimedia slides, and an oral presentation that is delivered live. working in teams can be challenging if members do not carry their weight or cannot resolve conflict. however, if your group establishes successful team processes, you are more likely to produce an effective presentation. successful teamsencourage flexibility in meeting attendance .
It is true to say that successful teams when planning a multimedia slide and oral presentation should profile the audience.
How to plan an oral presentation?It is essential that the speaker prepares himself prior to the date of the oral presentation, developing oral and visual communication methods and techniques that achieve the central purpose of engaging his target audience.
For this, it is necessary to align the topics to be discussed in the presentation with the public's profile, that is, the language, tone and techniques used must be compatible and develop the public's attention.
Therefore, a successful oral presentation is one that generates interest, attention and manages to capture the listeners' attention, leading them to ask questions, participate in some way, reflect and provide positive feedback on the topics discussed.
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For a sport organization to deliver engaging content through social media, should social media managers listen to and learn from consumers rather than just disseminate information?YesNo
For a sport organization to deliver engaging content through social media, should social media managers listen to and learn from consumers rather than just disseminate information Yes. it allows them to know how to target their market.
Keep fanatics up to date on group information like new signings, contracts, bulletins and occasions. Foster fan engagement with unique content material from leagues, teams, coaches, and players. Promote occasions or teams.
On pinnacle of the quantity of interest you doubtlessly have get right of entry to to, extra fan engagement is a key benefit of social media as a sports activities advertising and marketing channel as well.
The conventional nature of a game may be lost, for example, guidelines and timings are tailored to in shape the needs of television. The media controls the vicinity of occasions, in addition to kick-off instances and in a few instances gambling seasons.
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When economists use the term ___________ in its broadest sense, it applies to blue and white-collar workers, professional individuals such as lawyers, professors, and dentists, as well as small business owners.
labor
When economists use the term labor in its broadest sense, it applies to blue and white-collar workers, professional individuals such as lawyers, professors, and dentists, as well as small business owners.
the ending raw materials and finished goods inventories at december 31, 2021, follow the same percentage relationships to production and sales that occur in 2022. three pounds of raw materials are required to make each unit of finished goods. raw materials purchased are expected to cost $4 per pound.
The total production costs for goods that have been finished but haven't been sold are included in finished goods inventory.
A production budget is frequently created by businesses on a monthly or quarterly basis. Based on anticipated sales and planned ending inventory levels, the Production Budget sets the number of units to create within a specific time period.
The third and final category of inventory that manufacturing companies employ for accounting purposes, which includes the products that are sold to customers, is finished goods inventory. Raw materials are used to create manufactured goods, which subsequently enter the work-in-progress (WIP) stage as they are produced.
Everything from apparel to food to electronics is considered a finished commodity. Since it has finished the process and is prepared to be sold to clients directly or to other businesses, this term simply refers to the finished product.
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aggregate information as part of an analytics package may include the total number of visits but not the total revenue the total revenue but not the total number of visits the total number of visits and the total revenue none of the above
An aggregate information as part of an analytics package may include the total number of visits and the total revenue.
Thus, the correct option is C.
What is total revenue?In other words, businesses utilize this statistic to assess how effectively their primary sources of revenue are generating profits.
Total revenue is directly correlated with marginal revenue.
An indefinitely elastic demand curve is presented to a corporation that is perfectly competitive. In other words, the market price is the only price at which it may be sold.
At any lower price, it could sell the same quantity at the going rate and yet make more money, whereas at any higher price, nobody would purchase any quantity.
The market price multiplied by the amount that the business decides to manufacture and sell equals total revenue.
Total revenue is the amount of money generated by a company's sales of goods and services.
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A client messaged you saying that there might be something wrong with the bank feed of their checking account. What would be the first thing to do to see if the bank feed will refresh?
To refresh your feed:
In the Accounting menu, pick out Bank accounts.
On the account you desire to refresh the financial institution feed for, click on Manage Account, then choose Refresh Bank Feed.
How lengthy does it take to refresh financial institution feed in Xero?Transactions will show up in your bank account in Xero each 12 hours, or you can manually refresh your feed to import the ultra-modern transactions.
Why is Sage bank feeds not working?This may be due to the fact your bank has made an error in supplying transactions to us, or some thing has long gone wrong with the bank feed.
To flip on or off the routinely refresh list feature:
In the Home window on the Setup menu, select User Preferences, then Options.
Select or clear the Automatically Refresh Lists check box.
Click OK.
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https://brainly.com/question/26181559#SPJ4natural monopoly analysis the following graph gives the demand (d) curve for water services in the fictional town of streamship springs. the graph also shows the marginal revenue (mr) curve, the marginal cost (mc) curve, and the average total cost (atc) curve for the local water company, a natural monopolist. on the following graph, use the black point (plus symbol) to indicate the profit-maximizing price and quantity for this natural monopolist. monopoly outcome 0 1 2 3 4 5 6 7 8 9 10 40 36 32 28 24 20 16 12 8 4 0 price (dollars per hundred cubic feet) quantity (hundreds of cubic feet) d mr mc atc 3.5, 26 which of the following statements are true about this natural monopoly? check all that apply. it is more efficient on the cost side for one producer to exist in this market rather than a large number of producers. the water company is experiencing diseconomies of scale. the water company must own a scarce resource. in order for a monopoly to exist in this case, the government must have intervened and created it. true or false: without government regulation, natural monopolies always earn zero profit in the long run. true false
The truth about the monopoly is that :
The electricity company is experiencing economies of scale because ATC is decreasing as quantity increasesIt is more efficient on the cost side for one producer to exist in this market rather than a larger number of producers.It is false that natural monopolies always earn zero profit in the long run.
What is meant by natural monopoly?If one business can service a market more affordably than any combination of two or more enterprises, that market is said to have a natural monopoly.
When there is just one company that is the most productive in an industry, a natural monopoly results. It is unfeasible to have more than one company manufacturing the item under a natural monopoly since fixed costs are usually quite high. Tap water is an illustration of a natural monopoly.
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Which is a basic requirement for a fullfilling career
Figuring out the impact you want to have on the world for fullfilling career. Helping something greater than yourself. observing your basic values and what is most important to you.
What aspect of your employment gives you the most satisfaction?Proficiency. Knowing that you can perform your task to the best of your abilities when you have a job that allows you to employ the skills in which you are most adept and confident can be gratifying. You may be inspired to continue developing your abilities if you have the chance to do so while generating high-quality work.
What is professional satisfaction?When you find a career that balances your interests and skills, you will experience career fulfillment. Your career fulfillment may consist of doing what you enjoy, having an impact, and producing meaningful work.
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Which of the following statements is false?To be relevant, a cost must occur in the future.To be relevant, a cost must be an opportunity cost.Sunk costs are never relevant.Sunk costs are costs that occurred in the past.
B. To be relevant, a cost must be an opportunity cost statement is false.
Relative costing is a costing method used in management accounting to assist managers in making business choices. It is crucial while deciding which option to evaluate and go with.
Option A, "A cost must arise in the future to be relevant," is untrue. It is accurate to state that costs that will arise in the future are relevant costs.
Option B, "A cost must be an opportunity cost to be relevant," is correct option. A cost must differ between two or more options that are precisely different from the idea of opportunity cost in order to be meaningful.
Sunk costs are never relevant, which is Option C , is incorrect A sunk cost is a previous expense that will never be taken into account when choosing an appropriate costing strategy, it is true.
Option D, which states that sunk costs are expenses from the past, is incorrect. Sunk costs are expenses that have already been incurred in the past since they are historical expenditures.
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deflation occurs rarely; the last time it occurred was during world war ii. rarely; the last time it occurred was during the civil war. frequently; it occurs whenever the prices of some goods and services decrease. rarely; the last time it occurred was during the great depression of the 1930s.
Deflation occurs in option B: it occurs whenever the prices of some goods and services decrease. rarely; the last time it occurred was during the great depression of the 1930s.
What is Deflation about?Deflation is a decrease in the general price level of goods and services. It occurs when the rate of inflation falls below 0%. Deflation can be caused by a variety of factors, including reduced demand for goods and services, increased productivity leading to lower costs of production, and increased competition in markets.
Deflation is relatively rare compared to inflation, which is the more common occurrence. The last time deflation occurred on a widespread basis in the United States was during the Great Depression of the 1930s.
However, deflation has occurred at other times in history, including during the Civil War and World War II. It is important to note that deflation can have negative consequences for economies, as it can lead to decreased spending and investment, which can in turn lead to economic contraction.
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