A descriptive approach to corporate social responsibility allows the outcome to emerge, rather than imposing a fixed view about what should or should not happen.
Corporate social responsibility (CSR) is a pre-determined course of action that helps a business be socially accountable towards its employees, business partners, and the general public. Corporate social responsibility, often known as corporate citizenship.
Helps businesses understand the impact they have on the economic, social, and environmental aspects of society. Participating in CSR means an organisation is acting in ways that improve society and the environment rather than having a negative impact on them during regular business operations. The concept of corporate social responsibility is broad and can take on several forms depending on the organisation and industry. Organisations can boost their brands while supporting society through CSR initiatives, charitable work, and volunteer activities.
Complete question:
A ________ approach to corporate social responsibility allows the outcome to emerge, rather than imposing a fixed view about what should or should not happen.
normative
descriptive
conservative
critical
To know more about co-operate social responsibility visit:
https://brainly.com/question/30580079
#SPJ4
Would you be calculating Enterprise Value or Equity Value when using a multiple based on free cash flow or EBITDA?
When using a multiple based on free cash flow or EBITDA, you would typically be calculating the Enterprise Value of a company.
Enterprise value (EV) is a measure of a company's total value, which takes into account both its equity value (market capitalization) and its net debt. The EV calculation includes the market value of equity, the value of any outstanding debt, and any cash or cash equivalents that the company holds. Essentially, EV represents the total amount of money that would be required to acquire a company's operations, including its debt. Using a multiple based on free cash flow or EBITDA involves multiplying the company's cash flow or EBITDA by a predetermined multiple. This results in a valuation of the company's operating assets, which can then be used to calculate the company's EV. This approach is often used in financial modeling and valuation analysis to estimate the value of a company or to compare the relative values of different companies in the same industry.
Learn more about Enterprise here:
https://brainly.com/question/18551533
#SPJ11
A country would NOT be able to improve its trade balance via devaluation of its currency if (a) the foreign demand for the country's export goods is inelastic (b) the domestic people's demand for imported goods is inelastic (c) all of the above (d) none of the above
A country would NOT be able to improve its trade balance via devaluation of its currency if foreign demand for country's export goods is inelastic, the domestic people's demand for imported goods is inelastic. So, Correct answer is option C
Devaluation of a currency can potentially improve a country's trade balance by making its exports cheaper and more attractive to foreign buyers, and imports more expensive, which can encourage consumers to buy domestic products. However, this outcome depends on the elasticity of demand for both exports and imports.
If the foreign demand for the country's export goods is inelastic, a decrease in the price of the goods due to currency devaluation will not lead to a significant increase in the quantity demanded. This means that the overall value of exports may not increase enough to improve the trade balance.
Similarly, if the domestic people's demand for imported goods is inelastic the increase in the price of imports due to currency devaluation will not lead to a substantial decrease in the quantity demanded. Consequently, the value of imports may not decrease enough to improve the trade balance. Correct answer is option C
Know more about trade balance here:
https://brainly.com/question/30165364
#SPJ11
____ are obligations to perform certain tasks and duties.MissionsResponsibilities
Responsibilities are obligations to perform certain/definite tasks and duties. Your responsibilities in a particular role are described in your job duties.
It can be used to highlight your qualifications when submitting your application. The Job Summary describes the roles, actions, and tasks associated with fulfilling the requirements. B. Writing, Selling, Making Decisions, and Designing. The activities and duties of a person's specific role or job description are called responsibilities.
Employees are responsible for completing many tasks at work. Employees are more likely to successfully complete organizational tasks and achieve team goals when managers create tasks in simple terms. However, to delegate effectively, a manager or team her leader needs to know the person's place within the organization. It is also helpful to understand the benefits of implementing functional roles and tasks.
To learn more about Responsibilities, here:
https://brainly.com/question/31423322
#SPJ4
T/F. Managers should attempt to reduce the negative effects of stress by improving job satisfaction and by encouraging employees to take work home. FALSE
False. Managers should attempt to reduce the negative effects of stress by improving job satisfaction and by encouraging employees to take work home.
Encouragement of work-at-home behaviour can actually exacerbate the consequences of stress since it blurs the line between work and personal life and increases the risk of burnout.
Managers should instead concentrate on enhancing job happiness by fostering a positive work atmosphere, offering chances for employee development, and praising and rewarding excellent work. Additionally, they should promote positive behaviours like frequent exercise, day-long breaks, and vacation time.
Additionally, managers might introduce stress-relieving initiatives like yoga or mindfulness training to assist staff in controlling their stress levels.
Managers may foster a more productive and engaged workforce while also enhancing employee health and well-being by being proactive in decreasing workplace stress.
To learn more about Managers visit:
https://brainly.com/question/28362396
#SPJ4
A ______________ shows the maximum combination of two goods that can be produced when all resources and the best technology is used.
A "Production Possibility Frontier" shows the maximum combination of two goods that can be produced when all resources and the best technology is used.
The Production Possibility Frontiers is a type of graph that shows all the possible combinations of two products or services that an economy can produce.
The PPF is a visual representation of the concept of opportunity cost. The slope of the PPF represents the opportunity cost of producing one good in terms of the other good.
Therefore, the Production Possibility Frontiers shows the maximum combination of two goods that can be produced.
To know more about Production Possibility Frontier here,
https://brainly.com/question/27833900
#SPJ4
________, a values-based business, states that its goal is to "find new measures of success that do not depend on selling an ever increasing number of goods and services." Ben & Jerry's Patagonia The Body Shop Zappo's
Patagonia is a values-based business that is committed to finding new measures of success that do not rely on selling more goods and services.
Instead of making disposable goods, they favour the production of high-quality, long-lasting products. This indicates that Patagonia places a priority on producing durable goods so that buyers will need to buy fewer things over time.
Additionally, Patagonia adheres to a strict environmental policy that forbids the use of potentially harmful chemicals, recycles materials, and reduces emissions.
They are committed to investing in initiatives that help the health of the environment and work closely with consumers and suppliers to guarantee that their products are created in a fair and sustainable manner.
Additionally, Patagonia donates 1% of every sale to organisations that support the environment. This dedication to sustainability, fairness, and the environment distinguishes Patagonia as a values-based company.
Complete Question:
________ a values-based business, states that its goal is to "find new measures of success that do not depend on selling an ever increasing number of goods and services.
A. Ben & Jerry's
B. Patagonia
C. The Body Shop
D. Zappo's
To learn more about Patagonia visit:
https://brainly.com/question/29529875
#SPJ4
You need to ensure planned expenditures never exceed planned funds-on-hand. Which method should you use to achieve this?
By using the Zero-Based Budgeting method, you can effectively manage your finances and ensure that planned expenditures never exceed planned funds-on-hand.
To ensure that planned expenditures never exceed planned funds-on-hand, you should use the Zero-Based Budgeting (ZBB) method. Here's a step-by-step explanation:
1. Identify all expenses: List down all the expected expenditures, both fixed and variable, for the upcoming period.
2. Determine available funds: Calculate the total funds-on-hand or the expected income for the upcoming period.
3. Prioritize expenses: Rank the expenditures based on their importance or necessity, ensuring that essential expenses are prioritized over discretionary ones.
4. Allocate funds to expenses: Starting with the highest priority expenses, allocate the available funds to each expense until the funds-on-hand are depleted.
5. Review and adjust: Regularly review the budget, making adjustments as needed to stay within the planned funds-on-hand. If an unexpected expense arises, reprioritize and reallocate funds accordingly.
Hence the Zero-Based Budgeting (ZBB) method can be relied on.
Know more about Budgeting here:
https://brainly.com/question/31148862
#SPJ11
the sum of the expenses of the firm that vary directly with the quantity of the product that is produced and sold is called:
The sum of the expenses of the firm that vary directly with the quantity of the product that is produced and sold is called variable expenses.
Variable expenses are costs that change in proportion to the level of production or sales, such as the cost of raw materials, direct labor, and commissions. As the level of production or sales increases, variable expenses also increase, and vice versa.
Variable expenses are important for businesses to track, as they directly impact the profitability of the business and help managers make informed decisions about pricing, production levels, and sales strategies.
You can learn more about The variable Expenses by click this link below: https://brainly.com/question/30158879
#SPJ11
all of the following would be considered to be controllable elements of marketing decisions excepto a. product.b. price.c. promotion.d. research.e. all of the above are considered to be controllable elements of marketing.
All of the options given in the question, except for research, would be considered as controllable elements of marketing . The correct option is a, b, c
The controllable elements of marketing are the variables that can be influenced and controlled by the marketer in order to achieve the marketing objectives. These variables can be manipulated by the marketer to achieve their desired marketing outcomes. The controllable elements include product, price, promotion, and distribution.
Product refers to the goods or services that are offered to customers. Marketers have control over the design, features, quality, packaging, and branding of the product.
Price is the amount of money that a customer pays to purchase a product or service. Marketers can adjust the price to achieve their marketing objectives, such as increasing sales or profitability.
Promotion includes all the activities that are used to communicate the benefits of a product or service to potential customers. Marketers can control the promotion by choosing the right channels, creating effective messages, and using different marketing tools.
Distribution refers to the way in which the product or service is made available to the customers. Marketers can control the distribution by choosing the right channels and partners, managing inventory, and ensuring timely delivery.
Research, on the other hand, is not considered as a controllable element of marketing as it is used to gather information and insights about the market and customers. Marketers can use this information to make informed decisions about the controllable elements of marketing.
In conclusion, all the options given in the question except for research are considered as controllable elements of marketing decisions. These elements can be manipulated and controlled by marketers to achieve their desired marketing outcomes. Research, on the other hand, is used to gather information and insights to make informed decisions about the controllable elements of marketing.
To learn more about marketing here:
https://brainly.com/question/25754149#
#SPJ11
As businesses become more global in nature, employing people with a variety of thinking styles, personalities, cultural, racial and ethnic backgrounds is important. This workforce could be described as having _______________.
As businesses become more global in nature, employing people with a variety of thinking styles, personalities, cultural, racial and ethnic backgrounds is important. This workforce could be described as having "diversity."
The workforce refers to the group of people or total number of individual work in the company or organization.
A diverse workforce is an asset to a business because it brings different perspectives, experiences, and skills that can lead to innovation and increased creativity. It usually helps the business to growth in different areas of market.
Therefore, the employing people with a variety of thinking styles, personalities, cultural, racial and ethnic backgrounds is important. This workforce could be described as having diversity.
To know more about workforce here,
https://brainly.com/question/28843491
#SPJ4
the economic philosopher that argued that economic innovation comes from allowing the business cycle to work itself out without government intervention so as to allow more productive business to emerge was?
The economic philosopher who argued that economic innovation comes from allowing the business cycle to work itself out without government intervention, so as to allow more productive businesses to emerge, was Joseph Schumpeter.
Joseph Schumpeter (1883-1950) was an Austrian economist and political scientist who is best known for his theories on business cycles and the concept of "creative destruction." Schumpeter believed that the economy goes through a natural cycle of ups and downs, and that government interference in the economy could potentially hinder the process of creative destruction.
Creative destruction, according to Schumpeter, is the process through which old, less efficient businesses and industries are destroyed to make way for newer, more efficient, and innovative ones. This process is the driving force behind economic growth and development. Schumpeter argued that by allowing the business cycle to work itself out without government intervention, society could benefit from the rise of more productive businesses.
In essence, Schumpeter believed that economic innovation is the result of the constant competition between businesses, where new and innovative ideas drive economic progress. When the government intervenes in the economy, it may artificially prop up inefficient businesses and industries, slowing down the process of creative destruction and ultimately hampering economic growth.
To sum up, Joseph Schumpeter, as an economic philosopher, maintained that allowing the business cycle to work itself out without government intervention is crucial for fostering economic innovation and promoting the emergence of more productive businesses. This process of creative destruction is essential for driving economic growth and development.
To know more about economic philosopher refer here
https://brainly.com/question/30324218#
#SPJ11
tano company issues bonds with a par value of $86,000 on january 1, 2020. the bonds' annual contract rate is 6%, and interest is paid semiannually on june 30 and december 31. the bonds mature in three years. the annual market rate at the date of issuance is 8%, and the bonds are sold for $81,490. what is the amount of the discount on these bonds at issuance? how much total bond interest expense will be recognized over the life of these bonds? prepare a straight-line amortization table for these bonds.
The amount of discount on the bonds is $4,510, and the total bond interest expense over the life of the bonds is $15,480. A straight-line amortization table is provided in the solution.
To determine the discount on the bonds, we first need to calculate their present value. The present value of the bond's future cash flows is calculated using the market rate at issuance of 8% and the selling price of $81,490.
PV = $81,490 = ($43,000 / (1 + 8%/2)¹) + ($43,000 / (1 + 8%/2)²) + ($86,000 / (1 + 8%/2)³)
PV = $75,803.84
The amount of the discount is the difference between the par value and the selling price of the bonds
Discount = $86,000 - $81,490 = $4,510
To calculate the total bond interest expense over the life of the bonds, we first need to calculate the total interest payments. The bonds have a contract rate of 6% and a par value of $86,000, so the annual interest payment is
Annual Interest Payment = $86,000 × 6% = $5,160
Since interest is paid semiannually, each payment is half of this amount, or $2,580. There are six interest payments over the life of the bonds, so the total bond interest expense is
Total Bond Interest Expense = 6 × $2,580 = $15,480
To prepare a straight-line amortization table for these bonds, we need to determine the bond premium or discount that needs to be amortized over the life of the bonds. In this case, we have a discount of $4,510 to amortize over three years or 6 periods. The straight-line method allocates an equal portion of the discount to each period.
In each period, the interest expense is calculated by multiplying the beginning book value by the semiannual interest rate of 4%. The amortization of discount is calculated by dividing the total discount by the number of periods and adding it to the interest expense. The ending book value for each period is the beginning book value plus the interest expense and the amortization of discount.
To know more about amount of discount:
https://brainly.com/question/29181625
#SPJ4
(2) Ability bias is a phrase used toa) describe employers preferences for employees with moreeducationb) describe the fact that linear regression methods tend tooverstate the return to education
c) explain why the wage differential between college and high school educated people have grown over time
d) explain why too many people invest in a college education, which lowers the return to the investment
(3) Suppose you estimate a mincer equation of the form log(wage)=b0+b1educ+b2exper+b3exper^2 and the estimated coefficient on education was: b1=0.08 this means that
a) the wage rises by .08 percent for every year of education
b) the wage rises by 8.0 percent for every year of education
c) the wage rises by 8.0 cents for every year of education
d) the wage rises by 80 cents for every year of education
(2) Ability bias is a phrase used to:
b) describe the fact that linear regression methods tend to overstate the return to education
(3) If you estimate a Mincer equation of the form log(wage)=b0+b1educ+b2exper+b3exper^2 and the estimated coefficient on education was: b1=0.08, this means that:
b) the wage rises by 8.0 percent for every year of education
a) Ability bias is a phrase used to describe employers' preferences for employees with more education. This means that employers may view individuals with higher levels of education as having higher ability levels, even if their actual abilities are not necessarily greater than those of individuals with lower levels of education.
As a result, this bias can lead to unequal opportunities for individuals who may have equal or greater abilities but lack formal education.
b) The phrase that describes the fact that linear regression methods tend to overstate the return to education is "omitted variable bias". This occurs when important variables are left out of the regression model, leading to incorrect estimates of the effect of education on wages. For example, individuals with higher levels of education may also have other characteristics that affect their wages, such as greater intelligence or higher motivation.
c) The wage differential between college and high school educated people has grown over time due to a number of factors, including changes in the labor market and advances in technology. The demand for highly skilled workers has increased, while the demand for less skilled workers has decreased, leading to a widening wage gap. Additionally, the returns to education have increased, as individuals with higher levels of education are able to command higher wages due to their specialized skills and knowledge.
d) The estimated coefficient on education in the mincer equation, b1=0.08, means that the wage rises by 8.0 percent for every year of education. This indicates that there is a positive relationship between education and wages, with each additional year of education leading to a higher wage. The other options are incorrect, as they either refer to very small percentages or absolute amounts, which are not consistent with the magnitude of the coefficient.
Learn more about technology here:
https://brainly.com/question/28288301
#SPJ11
54. An activity on a PERT network has these time estimates: optimistic = 2, most likely = 3, and pessimistic = 8. Its expected time and variance (if it is a critical activity) are
a. 3.67; 1
b. 3.67; 6
c. 4.33; 1
d. 4.33; 6
e. none of these
If an activity on a PERT network has these time estimates: optimistic = 2, most likely = 3, and pessimistic = 8. Its expected time and variance are 4.33 and 1 respectively. So, option (c) is the correct answer.
The expected time for an activity in PERT is calculated as:
(optimistic + 4 × most likely + pessimistic) ÷ 6
So for this activity, the expected time is:
(2 + 4 × 3 + 8) ÷ 6 = 4
The variance for an activity in PERT is calculated as:
((pessimistic - optimistic) ÷ 6)²
So for this activity, the variance is:
((8 - 2) ÷ 6)² = 0.44
Therefore, the answer is 4.33; 1 (rounded to two decimal places).
Learn more about Variance :
https://brainly.com/question/29314934
#SPJ4
TC = 74 +58Q+4Q? What is the average variable cost when 14 units are produced? Enter as a value. Type your answer...
The average variable cost when 14 units are produced is 114.
To find the average variable cost (AVC) when 14 units are produced, we first need to identify the variable cost (VC) part of the total cost (TC) equation. In this case, the variable cost is represented by the terms with Q: 58Q + 4Q².
Next, we'll substitute the quantity (Q) with the given 14 units:
VC = 58(14) + 4(14²)
VC = 58(14) + 4(196)
VC = 812 + 784
VC = 1596
Now, we'll calculate the average variable cost by dividing the variable cost by the number of units (14):
AVC = VC / Q
AVC = 1596 / 14
AVC = 114
Learn more about average variable cost here:
https://brainly.com/question/29306232
#SPJ11
what's a benefit of using customer match audience solutions? connecting with new prospective users whose interests align with your product having the ability to develop and segment lists based on demographics collecting users who have interacted with your website via the ads remarketing tag using your first-party data to reconnect with previous customers
Customer match audience solutions can help to optimize your advertising efforts and drive business growth. Using your first-party data to reconnect with previous customers can result in increased customer loyalty and repeat business.
There are several benefits of using customer match audience solutions. Firstly, it allows you to connect with new prospective users whose interests align with your product, thereby expanding your customer base.
Additionally, you have the ability to develop and segment lists based on demographics, allowing for more targeted and personalized advertising campaigns.
Furthermore, by collecting users who have interacted with your website via the ads remarketing tag, you can re-engage with these potential customers and encourage them to make a purchase.
Finally, using your first-party data to reconnect with previous customers can result in increased customer loyalty and repeat business.
To learn more about : audience
https://brainly.com/question/29561980
#SPJ11
can be deterred by strong entry barriers. a. the bargaining power of suppliers b. existing rivals or competitors c. potential new competitors in the market o d. the bargaining power of buyers e. the threat of substitute products or services
The correct option is (c) potential new competitors in the market. Strong entry barriers can deter potential new competitors in the market .
Entry barriers are obstacles that make it difficult for new firms to enter a particular industry. These barriers can include high start-up costs, economies of scale, access to distribution channels, and strong brand recognition of existing companies.
When entry barriers are strong, it becomes challenging for new competitors to enter the market, thus limiting the competitive pressure faced by existing firms. This reduction in competitive pressure can positively impact (a) the bargaining power of suppliers and (d) the bargaining power of buyers. Suppliers may have fewer customers to choose from, which increases their bargaining power, while buyers may have fewer alternatives, which decreases their bargaining power.
However, strong entry barriers don't have a direct impact on (e) the threat of substitute products or services . Substitute products or services refer to alternative options that customers can choose from when the original product or service isn't available or doesn't meet their needs. The availability of substitute products depends more on technological advancements, consumer preferences, and innovations in the industry rather than entry barriers.
In summary, strong entry barriers can deter (c) potential new competitors in the market, indirectly influencing the bargaining power of suppliers and buyers, but have limited direct impact on existing rivals, and no direct impact on the threat of substitute products or services.
for more such question on entry barriers
https://brainly.com/question/2975624
#SPJ11
Which is a correct equation? 4 5 6 AP= Average product, TP= Total product and N= Number of units a. TP= AP-N b. TP= AP/N c. AP= TP XN d. AP= TP/N
The correct equation among the given options is: d. AP = TP/N
Explanation:
This equation relates Average Product (AP), Total Product (TP), and the Number of units (N). To explain this equation step-by-step:
1. Total Product (TP) represents the total output or production generated with the given number of units.
2. Average Product (AP) is the average output produced per unit of a variable input (such as labor).
3. Number of units (N) represents the total number of variable inputs used in the production process.
4. To calculate the Average Product, you need to divide the Total Product by the Number of units used in production.
So, the equation is: AP = TP/N
This equation demonstrates that the Average Product is a measure of the productivity of each unit involved in the production process. In other words, it shows the average contribution of each unit towards the Total Product.
Practical question related to TP, AP and MP.
https://brainly.com/question/23721969
#SPJ11
The value of a corporate bond can be derived by calculating the present value of the interest payments and the present value of the face value at the bond'sa. Current yield.b. Coupon rate.c. Required rate of return.d. Effective rate.e. Prime rate.
The value of a corporate bond can be derived by calculating the present value of the interest payments and the present value of the face value at the bond's Required rate of return. The correct option is c.
To determine the value of a corporate bond, you must discount its future cash flows, which include periodic interest payments and the face value repaid at maturity. The discount rate used in this process is the required rate of return, which is the minimum rate of return that an investor expects to earn on their investment. This rate takes into account the time value of money, inflation expectations, and the risk associated with the bond.
The other options provided do not accurately represent the correct method for valuing a corporate bond:
a. Current yield refers to the annual interest payment divided by the bond's market price, which does not account for the present value of future cash flows.
b. Coupon rate is the annual interest payment expressed as a percentage of the bond's face value, which also does not consider the present value of future cash flows.
d. Effective rate is an annualized interest rate that considers the compounding effect, but it does not provide a suitable discount rate for valuing bonds.
e. Prime rate is the interest rate charged by banks to their most creditworthy customers, which is not relevant to the valuation of corporate bonds.
In summary, the value of a corporate bond can be derived by discounting its future cash flows, including interest payments and face value, at the bond's required rate of return.
To learn more about corporate bond refer here:
https://brainly.com/question/14531325
#SPJ11
what has led to the recent interest in follower research? what are some life lessons, job skills, or other competencies you have learned from a leader?
Interest in follower research can be due to the importance of followers in achieving organizational goals, the shift to leadership styles and diversity of the workforce.
Researchers are now focusing on understanding the dynamics of the leader-follower relationship, exploring the factors that influence followers' attitudes and behaviors, and identifying the competencies required for effective followership.
As for life lessons, job skills, and other competencies learned from a leader, these can vary greatly depending on the individual and their experience. Some common lessons may include the importance of communication, teamwork, adaptability, and perseverance. A good leader can also provide guidance on goal setting, time management, and problem-solving skills.
Ultimately, the lessons and skills learned from a leader can have a significant impact on one's personal and professional growth.
To know more about research click on below link :
https://brainly.com/question/14375687#
#SPJ11
Allowing some employees to be late to work because of their social status 2 points while punishing others you do not like is an example of Virtue ethics. * O True False 2 points Some examples of our institutional roles are manager, employee, professor, parent...etc. * O False O True 2 points
Allowing some employees to be late to work because of their social status while punishing others you do not like is not an example of Virtue ethics. The ethical principle of Virtue ethics focuses on developing good character traits and moral values, and treating people fairly and with respect, regardless of their social status.
Some examples of our institutional roles are true. We all have different institutional roles that define our responsibilities and expectations in different settings, such as the workplace, family, and community. These roles can vary depending on the context and culture, but they often have established norms and values that guide our behavior and interactions with others.
Allowing some employees to be late to work because of their social status while punishing others you do not like is an example of Virtue ethics. False.
Some examples of our institutional roles are manager, employee, professor, parent, etc. True.
Learn more about social status here:-
https://brainly.com/question/19373160
#SPJ11
TRUE/FALSE. If a person is receiving greater utility per dollar from consuming apples than from consuming oranges, then the person is maximizing her total utility. "falseTotal utility is maximized when the marginal utilities per dollar spent on each good are equal."
If a person is receiving greater utility per dollar from consuming apples than from consuming oranges, then the person is maximizing her total utility. "falseTotal utility is maximized when the marginal utilities per dollar spent on each good are equal."True.
The utility is a measure of satisfaction or happiness that an individual derives from consuming goods or services. To maximize total utility, an individual must allocate their budget in such a way that the marginal utility per dollar spent on each good is equal. In other words, if an individual is receiving greater utility per dollar from consuming apples than from consuming oranges, then they should allocate more of their budget towards apples until the marginal utility per dollar spent on both goods is equal.
Learn more about marginal utilities
https://brainly.com/question/30841513
#SPJ4
when output is 10, what is the total cost if total fixed cost is $50 and total variable cost is $75?
When output is 10, the total cost is $125, given that the total fixed cost is $50 and the total variable cost is $75.
When output is 10, the total cost can be calculated using the formula TC = TFC + TVC, where TC stands for total cost, TFC stands for total fixed cost, and TVC stands for total variable cost. In this case, the total fixed cost is $50, and the total variable cost is $75.
To calculate the total cost, we need to add the fixed cost and the variable cost. So, TC = $50 + $75 = $125. Therefore, when the output is 10, the total cost is $125.
It is important to note that fixed costs do not change with the level of output, while variable costs change with the level of output. Fixed costs include expenses such as rent, salaries, and insurance, while variable costs include expenses such as materials, labor, and utilities.
Understanding the relationship between fixed and variable costs is crucial for businesses to make informed decisions about pricing and production. By analyzing the costs associated with producing a certain level of output, businesses can determine their breakeven point, which is the point at which total revenue equals total cost.
In conclusion, when output is 10, the total cost is $125, given that the total fixed cost is $50 and the total variable cost is $75.
for more such questions on total fixed cost .
https://brainly.com/question/14332852
#SPJ11
Two players are engaged in a game of Chicken. There are two possible strategies, Swerve and Drive Straight. A player who chooses to Swerve is called Chicken and gets a payoff of zero, regardless of what the other player does. A player who chooses to Drive Straight gets a payoff of 432 if the other player swerves and a payoff of −48 if the other player also chooses to Drive Straight. This game has two pure strategy equilibria and
Show work please
The game of Chicken can be represented in a matrix form called a payoff matrix, where the rows represent the strategy of one player and the columns represent the strategy of the other player.
The entries in the matrix represent the payoffs to each player for each possible combination of strategies. To find the pure strategy equilibria of the game, we need to identify the strategies for each player that are best responses to the other player's strategy. A strategy is a best response if it yields the highest possible payoff given the other player's strategy.
Starting with player 1 (the row player), we can see that if player 2 chooses Swerve, player 1's best response is to choose Drive Straight (which gives a payoff of 432). If player 2 chooses Drive Straight, player 1's best response is to choose Swerve (which gives a payoff of 0). Therefore, player 1 has a pure strategy equilibrium at (Drive Straight, Swerve).
Learn more about strategies here:
https://brainly.com/question/15860574
#SPJ11
QUESTION: Two players are engaged in a game of Chicken. There are two possible strategies, Swerve and Drive Straight. A player who chooses to Swerve is called Chicken and gets a payoff of zero, regardless of what the other player does. A player who chooses to Drive Straight gets a payoff of 32 if the other player swerves and a payoff of 48 if the other player also chooses to Drive Straight. This game has two pure strategy equilibria and- a. a mixed strategy equilibrium in which each player swerves with probability 60 and drives straight with probability 40. b. two mixed strategies in which players alternate between swerving and driving straight.. c.. a mixed strategy equilibrium in which one player swerves with probability.60 and the other swerves with probability 40. d. a mixed strategy in which each player swerves with probability 30 and drives straight with probability .70. . e.. no mixed strategies..
Kahn described "the harnessing of organization members selves to their work roles" as:
Kahn's concept of "the harnessing of organization members selves to their work roles" refers to the idea that individuals in an organization are expected to integrate their personal identity with their work identity.
This means that they are expected to align their values, attitudes, beliefs, and behaviors with the expectations of their work roles. The process of harnessing the self to the work role is a complex one, as it requires individuals to negotiate between their personal needs and the demands of their work roles.
Kahn argues that the degree to which individuals are able to successfully harness their selves to their work roles is influenced by a range of factors, including the nature of the work, the culture of the organization, the support provided by management, and the individual's own psychological resources.
For example, individuals who have a strong sense of identity and self-esteem may be better able to integrate their personal and work identities, while those who lack confidence or experience high levels of stress may struggle to do so.
Overall, Kahn's concept of harnessing the self to the work role highlights the importance of understanding the psychological processes that underlie work identity and the challenges that individuals face in reconciling their personal and professional selves.
By recognizing these challenges and providing support to employees, organizations can create a more positive and productive work environment.
To know more about organization, refer here:
https://brainly.com/question/30344900#
#SPJ11
Suppose a closed economy had public saving of $2 trillion and private saving of $4 trillion. What are national saving and investment for this country?
A closed economy is an economic model in which all economic transactions and activities take place within the borders of a single country or region. In a closed economy, there is no international trade or capital flows, which means that all goods and services are produced and consumed domestically, and all saving and investment is done domestically.
In a closed economy, national saving (S) is equal to the sum of public saving (T - G) and private saving (Y - C - T), where
Y is national income
C is consumption
G is government spending
and T is taxes.
Mathematically, we can write this as:
S = (T - G) + (Y - C - T)
In this case, we are given that public saving (T - G) is $2 trillion and private saving (Y - C - T) is $4 trillion. We don't have any information about taxes, government spending, national income, or consumption, but we can still calculate national saving as follows:
S = (T - G) + (Y - C - T) = $2 trillion + $4 trillion = $6 trillion
National saving is therefore $6 trillion.
In a closed economy, investment (I) is equal to national saving (S), since there are no international capital flows. Mathematically, we can write this as:
I = S
Therefore, investment in this economy is also $6 trillion.
To know more about closed economy visit:
https://brainly.com/question/30279313
#SPJ11
b.) Solve the following problems by either plugging theconstraint into the problem or by setting upthe Lagrangian multiplier (your choice). Your answer should tell mehow many of x1 and how
many of x2 it is optimal to purchase.
i. max x1,x2 u(x1, x2) = x1x22 subject to 3x1 + 2x2 = 15
ii. min x,y u(x, y) = x2 + y2 subject to 2x + y = 10
iii. min K,L u(K, L) = K + 10L subject to K 1/2 + L = 100
iv. max x,y u(x, y) = xy + 2x −y subject to x + y = 12
c.) Find stationary points of f (x) = (x2 −9)4 and then use these to find its global maximum and
global minimum for 0 ≤ x ≤ 5
An optimal purchase is a buying decision that provides the highest level of satisfaction and value for the money spent.
a.
i. We can use the Lagrangian multiplier method:
L(x1, x2, λ) = x1x2 + λ(3x1 + 2x2 - 15)
Taking partial derivatives with respect to x1, x2, and λ, we get:
∂L/∂x1 = x2 + 3λ = 0
∂L/∂x2 = x1 + 2λ = 0
∂L/∂λ = 3x1 + 2x2 - 15 = 0
Solving these equations simultaneously, we get:
x1 = 6/5, x2 = 9/5, λ = -3/5
Therefore, it is optimal to purchase 6/5 units of x1 and 9/5 units of x2.
ii. Using the Lagrangian multiplier method:
L(x, y, λ) = x^2 + y^2 + λ(2x + y - 10)
Taking partial derivatives:
∂L/∂x = 2x + 2λ = 0
∂L/∂y = 2y + λ = 0
∂L/∂λ = 2x + y - 10 = 0
Solving these equations simultaneously, we get:
x = 2, y = 6, λ = -2
Therefore, it is optimal to purchase 2 units of x and 6 units of y.
iii. Using the Lagrangian multiplier method:
L(K, L, λ) = K + 10L + λ(K/2 + L - 100)
Taking partial derivatives:
∂L/∂K = 1 + λ/2 = 0
∂L/∂L = 10 + λ = 0
∂L/∂λ = K/2 + L - 100 = 0
Solving these equations simultaneously, we get:
K = 100, L = 10, λ = -20
Therefore, it is optimal to purchase 100 units of K and 10 units of L.
iv. Using the Lagrangian multiplier method:
L(x, y, λ) = xy + 2x - y + λ(x + y - 12)
Taking partial derivatives:
∂L/∂x = y + 2 + λ = 0
∂L/∂y = x - 1 + λ = 0
∂L/∂λ = x + y - 12 = 0
Solving these equations simultaneously, we get:
x = 3, y = 9, λ = -5
Therefore, it is optimal to purchase 3 units of x and 9 units of y.
b.
To determine whether the stationary points are maximum or minimum, we need to use the second derivative test. Taking the second derivative of f(x), we get:
f''(x) = 12(x^2 - 6x + 9)
At x = 3, f''(3) = 0, which means the second derivative test is inconclusive.
However, we know from the first derivative test that x = 3 is a local minimum.
Plugging the endpoints x = 0 and x = 5 into f(x), we get:
f(0) = 6561
f(5) = 16
Thus, the global maximum of f(x) is 6561, which occurs at x = 0, and the global minimum is 16, which occurs at x = 5.
To know more about lagrangian multiplier visit:
https://brainly.com/question/28070753
#SPJ11
to affect the quantity demanded by consumers as the only supplier in the market, a(n) must change the of its products which also affects total revenue and marginal revenue. (use one word per blank.)
To affect the quantity demanded by consumers, as the only supplier in the market, a monopoly must change the price of its products, which also affects total revenue and marginal revenue.
A company that controls all or virtually all of the markets' products and services is said to have a monopoly. Even if a monopolist can set any price for its goods, the demand for the firm's goods still controls the price. No monopolist has the right to compel customers to buy their product, not even one that is utterly protected by high entry barriers.
Because the monopolist is the sole company operating in the market, its demand curve is identical to the market demand curve, which is downward-sloping as opposed to the demand curve for a properly competitive firm. When a monopolist is faced with a downwardly sloped demand curve, the sole option to increase output sales is to lower prices. While increasing output increases revenue, decreasing price decreases it.
Know more about monopoly here
https://brainly.com/question/13939056
#SPJ4
The question seems incomplete. The complete question is:
To affect the quantity demanded by consumers, as the only supplier in the market, a(an) ________ must change the _______ of its products, which also affects total revenue and marginal revenue. (use one word per blank.)
Psychological factors can pose challenges for marketing managers. Several processes affect these factors, including ________, which is when people only remember information that is immediately useful for them. selective retention selective distortion selective attention selective detention
The process that refers to the tendency of people to only remember information that is immediately useful for them is selective retention. This is one of the psychological factors that marketing managers have to deal with when designing and implementing marketing strategies.
Selective retention is related to the concept of selective perception, which is the tendency of people to perceive and interpret information in a way that is consistent with their existing beliefs and attitudes. Marketing managers must understand these psychological factors and create strategies that appeal to their target audience's needs and preferences, taking into account their selective retention tendencies. By doing so, they can create effective marketing messages that are more likely to be remembered and acted upon.
Learn more about marketing strategies.
https://brainly.com/question/29376574
#SPJ4
suppose the economy is producing at the natural rate of output and the government passes legislation that severely restricts a company's ability to reduce production costs via outsourcing. everything else held constant, this policy action will cause in the unemployment rate in the short run and in inflation in the short run. question 15select one: a. a decrease; a decrease b. no change; no change c. an increase; an increase d. a decrease; an increase
The correct answer is option d, a decrease in the unemployment rate and an increase in inflation in the short run.
If the economy is producing at the natural rate of output and the government passes legislation that restricts a company's ability to reduce production costs via outsourcing, it will cause a decrease in the unemployment rate in the short run.
This is because the restriction on outsourcing will force companies to keep production in-house, leading to an increase in demand for labor.
However, this policy action will also cause an increase in inflation in the short run. With the restriction on outsourcing, companies will have to pay higher wages to keep production in-house, leading to an increase in costs. These increased costs will then be passed on to consumers in the form of higher prices, causing inflation.
Therefore, , a decrease in the unemployment rate and an increase in inflation in the short run.
To know more about inflation,refer to the link:
https://brainly.com/question/29308595#
#SPJ11
