The term that refers to the net benefits to society from the conversion of scarce resource inputs into various forms of output is economic efficiency.
Economic efficiency is a concept that measures how well resources are allocated and utilized to maximize societal welfare. It is concerned with achieving the optimal allocation of resources to produce the maximum possible output from a given set of inputs. By minimizing waste, inefficiencies, and opportunity costs, economic efficiency aims to maximize the overall net benefits or value generated by economic activities.
In the context of resource conversion into output, economic efficiency considers the relationship between the inputs utilized (such as labor, capital, and natural resources) and the resulting output produced. It seeks to ensure that the benefits obtained from the production process outweigh the costs or resources used, leading to a positive net value or societal gain.
Efficient resource allocation and production processes contribute to overall economic growth, productivity, and improved living standards. Economies that strive for economic efficiency can achieve higher levels of output, greater resource utilization, and a higher standard of living for individuals within the society.
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When Heinz introduced its ketchup globally, it first had to deal with the fact ketchup is not a household staple outside the United States. Heinz had to show foreign users how ketchup can be used. Globally, Heinz has had to rely primarily on _____ advertising to convince consumers to want the product.
Answer:
informative advertising :)
Explanation:
Heinz had to "inform" its customers about ketchup and how it's used
What are all the reasons for the employee having an ei, eii and/or net preference problems?
Employees may have EI, EII, and/or net preference problems due to various reasons, including Lack of Self-Awareness, Poor Social Skills, Inability to Manage Stress, Lack of Empathy, Limited Conflict Resolution Skills, Bias and Prejudice.
Lack of Self-Awareness: Some employees may struggle with self-awareness, making it difficult for them to understand and manage their own emotions. This can lead to difficulties in effectively communicating and relating to others in the workplace.
Poor Social Skills: Employees with poor social skills may struggle with building and maintaining positive relationships with colleagues. This can lead to conflicts, misunderstandings, and a negative work environment.
Inability to Manage Stress: Employees who have difficulty managing stress may exhibit emotional outbursts, become easily overwhelmed, or struggle to cope with pressure. This can affect their performance, decision-making, and interactions with others.
Lack of Empathy: Empathy is a key component of emotional intelligence, and employees who lack empathy may have difficulties understanding and responding to the emotions and needs of their coworkers. This can impact teamwork, collaboration, and effective leadership.
Limited Conflict Resolution Skills: Employees who struggle with conflict resolution may have difficulty addressing and resolving workplace conflicts in a constructive manner. This can result in unresolved tensions, reduced productivity, and strained relationships.
Bias and Prejudice: Bias and prejudice can hinder an employee's ability to relate to others, respect diversity, and create an inclusive work environment. This can lead to discrimination, exclusion, and a lack of cooperation among team members.
It's important to note that these reasons are not exhaustive, and individual circumstances may vary. Addressing these issues often requires a combination of self-reflection, training, coaching, and ongoing development to enhance emotional intelligence and interpersonal skills in the workplace.
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A building inspector favors concrete methods for solving problems over theoretical approaches and abstractions. What is likely to be this person’s predominant personality type?
artistic
enterprising
conventional
realistic
Answer:
The answer is realistic
Explanation:
I checked after getting it wrong
an owner of a small publishing company allowed a friend who was starting a handmade soap business to load the publishing company's copy of microsoft word onto the friend's computer. this activity is
Handmade soap business to load the publishing company's copy of Microsoft word onto the friend's computer. this activity is both illegal and unethical.
What is business?
An organisation or enterprising entity engaged in business, industrial, or professional activities is referred to as a business. A business's goal is to coordinate some form of economic production (of goods or services). Businesses can indeed be for-profit corporations or charitable organisations working to advance a social cause. Businesses range in size and scope from small, local enterprises to large, global conglomerates. A person's efforts and activities to produce and sell products and services for a profit are also referred to as business. An organisation that runs for commercial, industrial, as well as professional purposes is frequently referred to as a business. The concept starts with a name and an idea, and in-depth market research may be necessary to ascertain whether it is feasible to turn this same idea into a profitable.
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A business must decide whether to open a new office in China. If it opens the branch, it will increase its chances of selling a high volume of its products in China. On the other hand, the business will have to spend a lot of money to make the branch operational. What would be an opportunity cost for the business if it chooses to open the new branch in China? O A. The business would gain access to a large number of new customers. B. The business would have to spend more money on each item it produces C. The business would have less money to open branches in other countries. D. The business would be forced to relocate all its workers to China.
Answer:
C. The business would have less money to open branches in other countries.
Explanation:
In Economics, Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
Furthermore, the value of the opportunities lost by an individual or a business is the opportunity cost of a choice.
Hence, the opportunity cost of a choice is the benefits that could be derived from another choice (alternatives) by using the same amount of resources.
In this scenario, an opportunity cost for the business if it chooses to open the new branch in China is that it would have less money to open branches in other countries because it has to spend a lot of money to make the branch operational.
Mark and Don are planning to sell each of their marble collections at a garage sale. If Don has 1 more than 4 times the number of marbles Mark has, how many does each boy have to sell if the total number of marbles is 81?
Answer:
Marbles of Mark 16
Marbles of Don = 65
Explanation:
Let the marbles of Mark be x
Then the marbles of Don will be 4x+1
Solution:
x + (4x+1) = 81
x+4x+1 = 81
5x +1 = 81
5x = 81-1
5x = 80
x = 80/5
x= 16
Marbles of Mark = x = 16
Marbles of Don = 4x + 1 = 4(16) + 1 = 65
What is a swot anaylasis
Answer:
a study undertaken by an organization to identify its internal strengths and weaknesses, as well as its external opportunities and threats.
Explanation:
mark brainliest
Which of the following would most likely negatively affect a person's net worth?
A. A $25,000 salary
B. A $500 savings bond
C. A $500,000 mortgage
D. A $5,000 money market account
Answer: c
Explanation:
$500,000 mortgage would most likely negatively affect a person's net worth. Thus, option (c) a $500,000 mortgage is correct.
What is net worth?
Totally unrelated to income is what is meant by the phrase "net worth." Liabilities are subtracted from assets to arrive at the person's own net worth. The wealthy possess possessions including real estate, investments, jewels, memorabilia, cars, and so on. A period of emergencies is covered by the net worth.
A person's personal net worth is significantly impacted by a $500,000 mortgage. The amount of money saved by the individual who wants to spend it is their net worth. The net worth mostly consists of investments and personal savings. Money accumulates to form the net worth.
The mortgages are highly impact on net worth. The net worth are personal liabilities minus to personal asset.
Therefore, option (c) a $500,000 mortgage is correct.
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About how long is a true elevator pitch?
Answer:
It's about 30 seconds
Hope this helps
Explanation:
Smith, inc. Uses a job-order costing system with the predetermined overhead rate of $12 per machine-hour. The job cost sheet for job #42a listed $12,000 in direct labor cost, $18,000 in direct materials cost, 1,200 direct labor-hours and 1,100 machine-hours. The total cost of job #42a is $.
Based on the information given the total cost of job #42a is $43,200.
Total cost of job #42aUsing this formula
Total cost of Job #42a = Direct materials + Direct labor + Predetermined overhead rate x Actual machine-hours
Let plug in the formula
Total cost of Job #42a = $18,000 + $12,000 + ($12 per machine-hour x 1,100 machine-hours)
Total cost of Job #42a= $18,000 + $12,000 +$13,200
Total cost of Job #42a= $43,200
Inconclusion the total cost of job #42a is $43,200.
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Which of these arguments did you include in your response? Check all that apply.
Profit is maximized when marginal revenue equals marginal cost.
Profit is maximized when five or six bikes are made each day.
Profit declines when more than six bikes are produced each day.
The best arguments is that Profit is maximized when marginal revenue equals marginal cost.
What is Marginal revenue and marginal cost?Marginal revenue serves as the increase in revenue which is due to from the sale of one additional unit of output.
The marginal cost of production on the other hand is change in total production cost .
Therefore, the best argument is that Profit is maximized when marginal revenue equals marginal cost.
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Answer:
Which of these arguments did you include in your response? Check all that apply.
Profit is maximized when marginal revenue equals marginal cost. <<<CORRECT
Profit is maximized when five or six bikes are made each day.
Profit declines when more than six bikes are produced each day.
Explanation:
Edge 2022
When you are already employed, and you received your w-2 form, what do you use it for?
The term born global usually denotes a company that generates at least _____ percent of its sales in the first _____ from the international marketplace and that derives a competitive advantage from outsourcing and selling in several countries
The term "born global" usually denotes a company that generates at least 25 percent of its sales in the first 3 years from the international marketplace and that derives a competitive advantage from outsourcing and selling in several countries.
The term "born global" is often used to describe companies that have a unique characteristic of rapidly expanding their international operations and generating a significant portion of their sales from the global marketplace within the first three years of their establishment.
In addition to their early internationalization, born global companies also leverage outsourcing and selling strategies across multiple countries to gain a competitive advantage.
The defining characteristic of born global companies is their ability to quickly transcend national borders and engage in international business activities from the early stages of their existence.
Unlike traditional companies that typically focus on domestic markets before gradually expanding internationally, born global firms are inherently global-minded and have a strong orientation towards international markets right from the start.
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Did the entrepreneur(s) get a deal from at least one Shark?
Answer:
One entrepreneur struck an agreement on-air with a shark that never materialized, and another struck a bargain that the shark later backed out of.
Explanation:
Reasons a business might fail are
proper management
extra money
competition
O good location
e-business refers to electronic exchanges from business to business and consumer to business. group startstrue or falsetrue, unselectedfalse, unselectedgroup ends. true or false?
True, e-business refers to electronic exchanges from business to business (B2B) and consumer to business (C2B).
The given statement "e-business refers to electronic exchanges from business to business and consumer to business " is true because e-business, or electronic business, is the process of conducting business transactions and communications over the internet or other digital platforms. This includes activities such as buying and selling products, sharing information, and collaborating with other businesses or customers. In a B2B setting, electronic exchanges allow businesses to trade products or services and share information with other businesses. In a C2B setting, consumers can interact with businesses to purchase products, access information, or request services. E-business has revolutionized the way companies operate, making it easier to connect with clients, partners, and customers around the world.
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What is the future value of a five-year ordinary annuity of \( \$ 1,000 \) per year if the interest rate is \( 7.96 \% ? \) Hint: solve for year 5.
An annuity is a sequence of equal periodic cash flows. An ordinary annuity is a sequence of equal periodic cash flows at the end of each period.
The future value of a five-year ordinary annuity of $1,000 per year if the interest rate is 7.96% is given by:FV = A [(1 + r)n - 1] / rwhereA = periodic paymentr = interest raten = number of paymentsFV = Future valueFV = 1,000 [(1 + 0.0796)5 - 1] / 0.0796FV = 1,000 [5.6375] / 0.0796FV = $70,874.06Therefore, the future value of a five-year ordinary annuity of $1,000 per year if the interest rate is 7.96% is $70,874.06.
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What do borrowers use to secure a mortgage loan?
A. Credit Card
B. Down Payment
C. House
D. Land
E. Vehicle
I’m not sure if the answer is A and B, or if C is included too.
Answer:
A. and B.
Explanation:
mortgage loans are given to individuals by a certified bank against their property. In order to secure this loan the bank requires a down payment from the individual looking for the loan as well as the individual's credit card information. This credit card will be charged the amount that the individual owes the bank on a monthly basis.
Answer:
C,D,and E
Explanation:
For a mortgage to be secure it needs to be backed up by a valuable asset such as your car your house or land.
Assuming that the direct materials used are $1880000, compute the total manufacturing costs using the following information.
Raw materials inventory, January 1 $ 20000
Raw materials inventory, December 31 40000
Work in process, January 1 18000
Work in process, December 31 12000
Finished goods, January 1 40000
Finished goods, December 31 32000
Raw materials purchases 1900000
Direct labor 760000
Factory utilities 150000
Indirect labor 50000
Factory depreciation 400000
Operating expenses 420000
A. $420000
B. $3060000.
C. $3660000.
D. $3240000.
E. $3246000.
Answer:
D. $3240000.
Explanation:
Particulars Amount ($) Amount ($)
Direct materials used 1,880,000
Direct Labor 760,000
Manufacturing Overheads
Factory Utilities 150,000
Indirect Labor 50,000
Factory Depreciation 400,000 600,000
Total Manufacturing cost $3,240,000
What type of relationship exists between interest rates and aggregate spending?
There is a(n) ______ relationship between interest rates and aggregate spending. When interest rates ______, aggregate spending decreases.
Answer:
mark brainlest
Explanation:
Higher real interest rates reduces aggregate expenditure by increasing the cost of loans while increasing the earnings from savings. Both factors reduce expenditures by reducing consumption and investments, and therefore, aggregate expenditure.
The idea that the natural rate of unemployment is increased following extended periods of unemployment is called:
Answer:
Hysteresis
Explanation:
Hysteresis is an economic term that describes a situation that persists even after the events that lead to that situation is removed.
For example if there was an increase in unemployment as a result of a recession. The recession ends and economic growth increases.
Unemployment may continue to increase despite the recession having ended.
Hysteresis implies that there is a time lag between when an input is applied and when the effect is felt.
Checking account transactions are NOT reported to the credit bureaus and do not affect your credit score. Why is it still important to manage your checking account well?
Answer: Too see if anyone is stealing or charging extra fees
Explanation:
What does the government have to do with public sector ?
Give me a title and lyrics and I will put them into a song
Song has to be about Solby Golbrock or Larry Stylinson. lol..
Verse 1:
Billy never cared much for studying, homework was always too boring.He'd rather play games all day,
There were girls to impress, he had no time to stay.
Chorus:
The boy who never studied, how foolish he was.He thought life was only about fun, if only he knew how much he'd lose.
Verse 2:
He met a girl named Jenny, she had eyes so pretty. Billy wasted all his time with her, Forgeting his books and soon would err.(repeat chorus)
Verse 3:When Jenny broke his heart, Billy had fell apart.
No more girls would give him a chance,
His future now left in a trance.
(repeat chorus)
Verse 4: Alone in his room one night, The error of his ways came to light. If only he had studied hard, A promising life was within his grasp, but now the window closed.(repeat chorus)
Verse 5:
In the end Billy came undone,
All joy and hope now gone.
No dreams left to hold,
For the boy who never studied and grew old.
(repeat chorus)
Such a tragic tale of wasted youth, Lost are dreams, lost is truth. The moral here is clear, Study hard, uncertainties you'll steer clear.A company incurred the following: Total manufacturing costs of $500,000, total production department costs of $300,000, and total production order costs of $275,000. It used a total of 50,000 direct labor hours and 100,000 machine hours, and 2,750 production orders were placed. Use activity-based costing to calculate the activity rate for production orders. Click the answer you think is right. $3 $100 $10 $0.01
The activity rate for production orders is $100.
To calculate the activity rate for production orders using activity-based costing, follow these steps:
1. Identify the cost pool for production orders, which in this case is the total production order costs of $275,000.
2. Determine the cost driver for production orders, which is the number of production orders placed (2,750).
3. Divide the total cost pool by the cost driver to find the activity rate: $275,000 / 2,750 = $100 per production order.
Activity-based costing is a method that assigns costs to products or services based on the activities they consume. It helps to allocate costs more accurately, especially when multiple products or services use the same resources.
In this example, production orders are one of the activities, and their associated costs need to be allocated using the activity rate.
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a focus group consists of: select one: a. interview questions that encourage unique answers b. 7-10 people participating in a group discussion lead by a moderator c. individuals interviewing business people at their offices d. 2-3 people acquiring information while observing a business
Stack 6–10 people in a room to get their thoughts on a given concept, product, service, or marketing campaign.
What do focus groups actually mean?Focus groups are a type of market research technique that entails gathering 6–10 participants in one place to hear opinions on a certain idea, product, or marketing campaign. A skilled moderator leads a 30- to 90-minute group discussion with the goal of gathering pertinent information.
Focus groups are small group interviews with individuals who are not just from a similar demographic, but also have additional traits or experiences. Investigated are their answers to the researcher's or assessor's questions.
Focus groups are employed in market research to learn more about how consumers react to products or services or participants' perceptions of common
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A basic interest rate that is not adjusted for inflation is called a(n)___ interest rate.
A basic interest rate that is not adjusted for inflation is called a nominal interest rate.
What is Inflation?It should be noted that inflation simply means the increase in the prices of goods and services.
In this case, nominal interest rate is the basic interest rate that is not adjusted for inflation.
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Answer:
Nominal is the answer
Explanation:
Emergency funds are calculated based on: A.) Retirement Planning B.) Monthly Expenses C.) Monthly Income D.) Investing for College
Answer:
B
Explanation:
Answer:
B
Explanation:
what technological advantage led to the vikings’ successful conquests and trade?
The technological advantage that led to the Vikings' successful conquests and trade was their advanced ships which were very superior as compared to their rivals.
The ships which were built by Vikings were very advanced. Their ships were fast and those ships were also able to navigate the shallow water. Their ships consisted of various advanced technologies such as keel that allowed the ships better stability.
The Viking used their ships for trade of textiles and furs and because of their they were able to get control over Europe and north Africa. The Vikings were also able to reach their destination fast as they knew weather because of their advanced ships.
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What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.
Answer:
I think D is correct answer
The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
The information related to the profit is as follows:
It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.Therefore all the other options are incorrect.
Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
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