Assume the coronavirus is behind us, so nobody has to worry about the coronavirus anymore. You have two tickets to see your favorite band perform in Baltimore. On the day of the concert there is a heavy, freak snowstorm. Getting to Baltimore is going to be risky. You try to find somebody to sell the tickets to, but there are no takers. You either attend the concert and use the tickets or you throw them away (no refunds are possible for the tickets).
(1) Would your decision on whether to attend the concert, braving the snowstorm, depending on whether you had bought the tickets or they had been given to you as a gift? Why?
(2) How would homo economicus decide whether or not to attend the concert? In other words, what sort of "mental calculation" would homo economicus conduct when making the decision?

Answers

Answer 1

(1) My concert attendance depends on ticket ownership or gifted tickets due to sunk cost. (2) Homo economicus assumes rationality for self-interest decision-making in economics.

(1) Yes, my decision on whether to attend the concert, braving the snowstorm, will depend on whether I had bought the tickets or they had been given to me as a gift because of the sunk cost effect.

The sunk cost effect refers to the tendency for people to persist in failing endeavors because they have already invested time, money, or effort. If I had bought the ticket, I would feel the pressure to attend the concert regardless of the snowstorm to get value from my investment.

However, if the ticket was given to me as a gift, I would not have any pressure to attend the concert in the snowstorm as I did not pay for the ticket, and the sunk cost effect will not apply.

(2) Homo economicus refers to an economic theory that assumes that people are rational and always make decisions that are in their best economic interest.

To decide whether or not to attend the concert, homo economicus will conduct a "mental calculation" of the benefits and costs of attending the concert. The calculation will involve weighing the utility or satisfaction derived from attending the concert against the opportunity cost of the alternatives.

The opportunity cost of attending the concert in a snowstorm is the time and resources that could have been used in an alternative activity. For instance, the homo economicus will consider that if he/she attends the concert, the opportunity cost could be missing a day's work or spending money on transportation.

Therefore, the decision to attend the concert will depend on whether the expected benefits of attending the concert are greater than the expected opportunity costs.

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Related Questions

do kids spend enough time outside

Answers

Answer:

No.

Explanation:

There is no other answer. To many kids on phones in front of mirrors

Answer:

no

Explanation:

kids are on computers and phones to much nowadays

__________ waves emerge in sleep stage n1 and continue into stage n2.

Answers

Sleep spindles waves emerge in sleep stage N1 and continue into stage N2.

What are the characteristics of sleep spindles waves in stage N1 and N2?

Sleep spindles are brief bursts of brain activity that typically occur during sleep stages N1 and N2. They are characterized by a distinctive pattern of rhythmic oscillations in the brain typically lasting for about 0.5 to 3 seconds.

Sleep spindles are most commonly observed during light sleep, particularly during the transition from wakefulness to deeper sleep. These waves are generated by a network of brain cells in the thalamus, a structure located deep within the brain.

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How does the demand for diamonds in other parts of the world fuel civil war and conflict in africa?

Answers

Answer: Conflict diamonds are diamonds that originate from areas controlled by forces or factions opposed to legitimate and internationally recognized governments, and are used to fund military action in opposition to those governments, or in contravention of the decisions of the Security Council

Every individual getting a concussion demonstrates the same four symptoms. T/F

Answers

The statement that "every individual getting a concussion demonstrates the same four symptoms" is False.What is a concussion? A concussion is a traumatic brain injury (TBI) that can have a significant impact on a person's normal functioning, including cognition, speech, memory, and mood.

A concussion is caused by a blow to the head, neck, or face, or a sudden jolt or impact to the body that transmits force to the brain.Signs and Symptoms of ConcussionIt is incorrect to say that all individuals experience the same symptoms after a concussion. Concussions, like other traumatic brain injuries, can have a wide range of symptoms that vary from person to person.

Concussion symptoms can be divided into four categories: Physical symptoms Cognitive symptoms Emotional symptoms Sleep-related symptoms In conclusion, individuals may experience a variety of symptoms depending on the severity of their concussion. There is no single list of symptoms that apply to everyone who has a concussion. Therefore, the statement that "Every individual getting a concussion demonstrates the same four symptoms" is False

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n the study by korn, davis, and davis, it was determined that department chairs rated b. f. skinner higher on their "all time" list than historians did. the study featured a(n) _______ scale of

Answers

In the study by Korn, Davis, and Davis, it was determined that department chairs rated B. F. Skinner higher on their "all-time" list than historians did. The study featured a(n) Likert scale of measurement.

A Likert scale is a psychometric rating scale that gauges the degree of agreement or disagreement with a statement or collection of statements. It normally contains a series of items that examine attitudes, beliefs, or values on a continuous intensity scale, ranging from "strongly agree" to "strongly disagree" or from "very satisfied" to "very dissatisfied." A Likert scale is frequently used in research to assess the intensity or magnitude of attitudes, opinions, and preferences of respondents in surveys.

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it is not always helpful to rewrite a quadratic equation in standard form as a first step in solving it.
true or false

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The given statement "It is not always helpful to rewrite a quadratic equation in standard form as a first step in solving it" is false.

What is a quadratic equation?

A quadratic equation is a type of equation that includes a variable (usually x) that is raised to the power of 2. The general form of a quadratic equation is ax2 + bx + c = 0. Here, a, b, and c are coefficients, and x is an unknown. The degree of the equation is 2, and it represents a parabola.Quadratic equations can be solved by factoring, completing the square, or using the quadratic formula, and they may be in any form. However, it is always beneficial to rearrange quadratic equations in standard form ax2 + bx + c = 0 before attempting to solve them. This is due to the following reasons:It is easier to read and comprehend.Standard form allows one to easily identify the coefficient of the x2 term. Factoring is the most common method of solving quadratic equations, and it is easier when the coefficient of x2 is one. Completing the square is also easier in standard form. The quadratic formula is also more straightforward to remember and apply when the quadratic equation is in standard form.

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Item 2
What was an effect of the worldwide depression that took place in the 1930s?

European nations sought to acquire new colonies to supply raw materials for factories at home.

Germany was unable to repay its war debts when loans from the United States were no longer available.

Nations like France and Poland embraced militarism to improve economic conditions in their countries.

The United States had to stop all postwar bonds meant to assist Britain in rebuilding from war damage.

Answers

Answer:

B: Germany was unable to repay its war debts when loans from the United States were no longer available.

Explanation:

I also had this question and this was correct.

QUESTION 11.Walden has the authority to confirm the applicability of its courses toeach students state licensing board standards. True/False

Answers

The statement 'Walden University has the authority to confirm the applicability of its courses to each student's state licensing board standards' is true.

Walden University has the power to authorize courses that adhere to the standards of each student's state licensing board. Walden University provides different undergraduate, graduate, and doctoral programs across several academic disciplines, including business and management, nursing, psychology, and education. Walden University offers programs that follow the rules and standards established by various state licensing boards. The University has a particular department that deals with certification and licensure. The department ensures that Walden's programs follow the regulations and rules of the state licensing board, and they provide guidance and support to students pursuing certification or licensure. The University's certification and licensure department can work with students to determine how Walden's programs meet state licensing board standards, ensuring that they can obtain certification or licensure when they complete their degrees. Thus, the statement is true.

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In the context of porter's five industry forces, the threat of new entrants can be defined as:

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In the context of Porter's Five Forces framework, the threat of new entrants refers to the potential for new companies or businesses to enter a specific industry and compete with existing market players.

It is one of the five forces that shape the competitive landscape of an industry. The threat of new entrants is influenced by various factors that determine the barriers to entry in the industry.

These barriers can include high capital requirements, significant economies of scale, strong brand loyalty, access to distribution channels, government regulations, and patents or proprietary technology. When these barriers are high, it becomes more difficult for new entrants to enter the market and compete effectively.

A high threat of new entrants can pose challenges to existing companies as it increases competition, puts pressure on prices, and erodes market share. On the other hand, a low threat of new entrants provides established companies with a more favorable position and allows them to maintain their market dominance.

Understanding the threat of new entrants is crucial for industry analysis and strategic planning. It helps companies assess the level of competition they face and devise appropriate strategies to protect their market position and sustain their competitive advantage.

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If cookie wasn't created would we have existed ?​

Answers

Answer:

no

Explanation:

Answer:

no cookie is life

Explanation:

I need a little help please

Answers

Answer:

my best guess is b

Explanation:

b because it ls kinda expresses all of those traits

Fill in the blank:
when individuals become aware that their feelings and emotions are incompatible, they are most likely to have ____

Answers

When individuals become aware that their feelings and emotions are incompatible, they are most likely to have cognitive dissonance.

Cognitive dissonance refers to the psychological discomfort that arises when a person holds contradictory beliefs, attitudes, or values, or when their beliefs and behaviors are inconsistent. In the context of incompatible feelings and emotions, cognitive dissonance occurs when individuals experience a conflict between their emotional responses and their rational thoughts or beliefs.

This conflict can lead to feelings of discomfort, tension, or unease as individuals recognize the inconsistency within themselves. To reduce cognitive dissonance, individuals may engage in various cognitive and behavioral strategies, such as changing their beliefs, justifying their emotions, or seeking information that supports their feelings or beliefs.

In summary, cognitive dissonance is the term used to describe the psychological state that arises when individuals become aware of the inconsistency between their feelings and emotions, leading to a state of discomfort and prompting efforts to resolve the conflict.

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Marilyn is an architect who is looking for a job. She has worked on a wide range of projects and has several recommendations, and is able to land interviews fairly easily. However, she usually stresses about how much better the other candidates might be. During interviews, she does poorly. To counter this, Marilyn's therapist had her read her own recommendations to herself right before her next interview. The result was improved confidence and a second interview. The therapist's approach BEST illustrates:

Answers

Answer: Stress inoculation training

Explanation:

Stress inoculation training is a psychotherapy training method that focuses on preparing the mind of patients in demanding ways for tough tasks which they might face ahead of them in order for them to come out successful. This training helps in the areas of managing stress and anxiety.

Marilyn has a good background to get jobs but would need to overcome fear of other candidates, she used the stress inoculation training method to overcome the challenge.

She went to work or she is at the conference. She didn't go to work. So she is at the conference. Question 17 options:
a)Deductive
Disjunctive Syllogism
b)Deductive
Interrogatory Syllogism
c)Deductive
Hypothetical Syllogism
d)Inductive
Argument from Authority

Answers

"She went to work or she is at the conference. She didn't go to work. So she is at the conference. a) Deductive, Disjunctive Syllogism." The correct option is A.

Disjunctive syllogism (also called as dis-junction elimination & or elimi-nation, or abbreviated ∨E), is a rule of infer-ence. If it is kno-wn that at least one of two state-ments is true, & that it is not the form-er that is true; we can infer th-at it has to be the lat-ter that is true.

Deductive reason-ing is a logical pro-cess in which a con-clusion is bas-ed on the concordance of various pre-mises that are gene-rally assu-med to be true. The correct option is A.

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select the most common stressor of ptsd in women.

Answers

Answer:

What are the most common stressor of PTSD in women?

Explanation:

1. Not having enough social support.

2. Being young at the time of the traumatic event.

3. Having a history of other mental health conditions.

4. Experiencing additional stress on top of the initial trauma, such as losing a loved one, home, or job.

The most common stressor of ptsd in women are;

Combat exposure.Childhood physical abuse.Sexual violence.

How does PTSD affect women?

A chemical or biological agent, environmental factor, outside stimulation, or event that is thought to put an organism under stress is referred to as a stressor.

Symptoms of post-traumatic stress disorder can be seen in Reliving the experience, sometimes through nightmares or flashbacks.  as well as  physical signs, such as sweating or a racing heart. avoiding circumstances that bring up the incident.

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complete question;

Select the most common stressor of ptsd inCombat exposure in women;

Childhood physical abuse.

women gisting

Sexual violence.

Combat exposure

what do you mean by economic activity?give its featues

Answers

Answer:

They are those productive activities that involves a country's pattern of production.

Features: Agriculture,mining, energy, industrial, education and finance.....

how would today be like if Martin Luther had not posted his 95 Theses?

Answers

Answer:

The world will be drastically different

Explanation:

First of all, There would be no trace of protestants, because these are the rise of people who wanted reform. Martin Luther indirectly led to the rise of the idea of rationalism and the enlightenment. And without him, Many scientigic breakthroughs that occurred throughout humanity might have never happened. I could go on and on but these are the major consequences.

the momentum a movement gets in the public eye influences politicians to create laws is an example of?

Answers

The given statement "the momentum a movement gets in the public eye influences politicians to create laws" is an example of the power of social movements to bring about political and social change.

What is a social movement? A social movement is defined as a loosely organized, long-lasting group of people who have common goals and are committed to achieving them through various strategies. Social movements can be thought of as collections of individuals or organizations that aim to bring about social, economic, or political change by influencing power holders through collective action and protest.What is momentum?The impetus and driving force gained by the development of a process or course of events is referred to as momentum. It can also be thought of as the quantity of motion in a moving object. In the context of social movements, momentum refers to the speed and intensity with which a movement is progressing, and it is a key factor in determining whether a movement will succeed in achieving its objectives.

Momentum can be defined as "mass in motion." All objects have mass; so if an object is moving, then it has momentum - it has its mass in motion. The amount of momentum that an object has is dependent upon two variables: how much stuff is moving and how fast the stuff is moving.

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From 1840-1860 immigrants to the United States came primarily from

Answers

Answer:

Ireland

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what is the core conflict of the barbershop quartet east village grille

Answers

The core conflict of the barbershop quartet East Village Grille revolves around the lead singer, Jack, who wants to take the group in a new, modern direction, while the other trio members, Bob, Joe, and Frank, are resistant to change and want to stick to traditional barbershop music. Jack believes that their group needs to evolve and adapt to stay relevant and attract a younger audience, but the others argue that their loyal fan base expects a certain style and sound. This conflict creates tension within the group and threatens to break them apart, as they struggle to find a compromise and stay true to their roots while also exploring new musical avenues.

The core conflict of the Barbershop Quartet, East Village Grille, was a conflict of values, which is an essential concept to understand while writing any literary analysis.

The term "conflict" refers to the problem or obstacle that the main characters encounter in their journey.

These conflicts may be external, such as confronting natural disasters or opposing human entities, or internal, such as personal dilemmas and emotional struggles. In the short story "The Barbershop Quartet," by Joseph Geha, the conflict of values is the core conflict.

The East Village Grille Barbershop Quartet, which was once a successful, professional group, has been disbanded. Four former members who are now seniors gather at their barbershop, and the conflict of values arises when they are asked to sing at a colleague's funeral.

Mel, the primary narrator, believes that it is inappropriate to sing a barbershop tune, "Sweet Adeline," at a funeral, while others believe it is the right thing to do.

The others believe that since their friend loved barbershop music, it is a perfect way to commemorate his life. They argue over their conflicting values and beliefs, ultimately leading to a decision not to sing.

Mel comes to terms with the fact that different people have different values and beliefs, and that they can still get along despite their differences.

Hence, the core conflict in the story "The Barbershop Quartet" by Joseph Geha is the conflict of values.

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soccer was introduced to brazilians by whom? group of answer choices spain portugal england argentina usa

Answers

Soccer was introduced to Brazilians by England. The correct answer is option(b).

They played the first football game in Brazil in April 1894. Football in Brazil was developed by British expatriates who established the first football team in the country, the Sao Paulo Athletic Club, in December 1894.

Soccer is a sport that is played between two teams of eleven players on a rectangular field. The objective of the game is to score points by hitting a ball with any part of your body except your hands or arms into the opponent's goal. The team with the most points at the end of the game wins. The sport is called football in most parts of the world, but it is known as soccer in the United States and Canada.

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Identifying the correct information from a larger list of information is an example of:
A) inference.
B) recall memory.
C) recognition memory.
D) semantic memory.

Answers

Identifying the correct information from a larger list of information is an example of recognition memory Therefore the correct option is C.

Recognition memory is the ability to recognize previously encountered stimuli and is a critical aspect of memory function. This type of memory involves the identification of familiar people, places, objects, and events based on prior experience.

Recognition memory is different from recall memory, which requires the retrieval of information from memory storage without external cues. Recognition memory can be affected by various factors, such as age, stress, and neurological disorders.

Understanding the mechanisms behind recognition memory can help in developing interventions and treatments for memory-related disorders that could significantly impact people's quality of life.

Hence the correct option is C

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communication between those who are unlike culturally and have different views of the world is known as __

Answers

Communication between those who are unlike culturally and have different views of the world is known as intercultural communication.

Intercultural communication refers to the exchange of information, ideas, and messages between individuals or groups from different cultural backgrounds. It involves navigating and bridging the cultural differences that exist in terms of language, customs, beliefs, values, and behaviors. Intercultural communication requires individuals to be mindful of cultural sensitivity, adapt their communication styles, and develop skills in understanding and respecting diverse perspectives. It plays a crucial role in fostering understanding, cooperation, and collaboration among people from different cultures.

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why victims of human trafficking may not be willing to contact authorities for assistance ?​

Answers

can be blackmailed, threatened, or targeted.
They can be blackmailed, threatened, targeted, killed, or even sexually assaulted.

suggest three ways in which woman can protect themselves against abuse​

Answers

Answer:

1.)If you can, keep in contact with your friends and neighbors.

2.)If you can, keep in contact with your friends and neighbors.

3.)Ask the council for a free treatment needs consultation if you're having trouble managing your everyday life.

Explanation:

Hope this helps!

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The ways that women can protect themselves from abuse include:

Recognize your relationship rights.Do not ignore the abuse.Use verbal or physical resistance.

What is domestic abuse?

Domestic abuse simply means an abuse that's committed by someone in the domestic circle of the victim.

In order for women to protect themselves from abuse, it's important to recognize the relationship rights and use verbal or physical resistance when required. The abuse can be from partners, husbands, ex-partners, family members, etc.

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HEPLP
4. Legislative reforms led to the election of Hiram Revels. What period of American
history was responsible for those legislative reforms?

Answers

Stop commenting people

during stability operations, what is critical to avoid doing?

Answers

During stability operations, it is critical to avoid exacerbating tensions or creating further instability.

Stability operations aim to establish or maintain a secure and peaceful environment in areas affected by conflict, disaster, or political instability. To achieve this, it is crucial to avoid actions that could escalate tensions or contribute to further instability. This includes refraining from excessive use of force, discrimination, or actions that may alienate local populations. Additionally, it is important to avoid favoritism, corruption, or actions that undermine the rule of law and governance. The focus should be on fostering trust, building relationships, and supporting sustainable solutions that address the underlying causes of instability. By avoiding actions that worsen tensions or create additional instability, stability operations can better contribute to long-term peace and security.

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john has been diagnosed with schizophrenia. describe symptoms that would distinguish john’s condition from the other dsm-5 psychotic disorders.

Answers

The DSM-5 states that delusions, hallucinations, disorganised thinking (speech), grossly disorganised or abnormal motor behaviour (including catatonia), and negative symptoms are the abnormalities that define schizophrenia spectrum and other psychotic disorders.

Fixed beliefs known as delusions are unchangeable in the face of contradictory information. Persecutor, referential, somatic, theological, and grandiose themes are just a few that could be present.

Hallucinations: experiences that resemble perception but don't require a stimulus from outside. They lack voluntary control and are intensely vivid and clear, having all the weight and effect of regular perceptions.

Disorganised Thinking: Usually discernible from a person's speech. The subject may change from one to another.

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The 1960s was a decade of expansion, acceptance, and diversification of the counseling profession largely as the result of ___________________.
a. The Great Society initiatives
b. Accreditation
c. Expansion of licensing
d. Expansion of social and cultural theories

Answers

The 1960s was a decade of expansion, acceptance, and diversification of the counseling profession largely as the result of the Great Society initiatives. The correct answer is option(a).

The Great Society initiative was introduced by President Lyndon B. Johnson in 1964. It was a set of domestic policy initiatives intended to fight poverty, promote education, and increase access to healthcare. The Great Society initiative included a range of programs, including the establishment of Medicare and Medicaid, the Civil Rights Act, and the Voting Rights Act.

The Great Society initiative also had a significant impact on the counseling profession. The funding provided by the Great Society initiative enabled the establishment of new counseling programs and research centers throughout the country. Additionally, the initiative's emphasis on increasing access to education meant that more people could become trained as counselors and enter the profession. The Great Society initiatives in the 1960s were a decade of expansion, acceptance, and diversification of the counseling profession largely as the result of the Great Society initiatives.

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100 POINTS ! EASY ANSWER PLS HURRY !
What is home rule?

the authority to control local issues within a larger government structure
an area with a local church and its own government
a document that gives a city permission to function as a municipality
a structure of government relating to cities or towns

Answers

Answer:

THE ANSWER IS C

Explanation:

it’s C because it’s a government who basically is dependent of its own citizens
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Imagine that, in addition to your Kiwisaver funds, youve managed to accumulate $20,000 which youwant to invest now for your retirement in 35-years time. Youve been told by one of your friends thatthe best way to increase your money is to invest in shares. You have found two particular shares ofinterest. The first Meridian Energy, a power company, and the price seems quite reasonable at around$4.71 per share. In addition, the company does pay quite a large dividend every year to its share-holders. The second is the a2 Milk Company which produces and markets a special type of cows milk.a2s share price at around $4.81 per share and the company doesnt pay dividends toits shareholders.Required:a. Meridian Energy has a P/E ratio of just over 36 and a2 has a P/E ratio of just under 177. Explainwhat this means about the price of their shares. Why are they so different?b. Using the descriptions of types of shares used in class how would you classify Meridian and a2? A merger of a firm and its supplier is called a vertical merger. a horizontal merger. a conglomerate merger. a direct merger. an indirect merger A FI manager receives information from an economic forecasting unit that interest rates are expected to rise from 10 percent to 11 percent over the next year. 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What of the following is a key work in Brene Browns lecture.a. boxb. iceburgc. arenad. phoenix Use the concepts of anticipated and unanticipated inflation to explain why real wages in many industries in Australia have decreased. 2 MarksExplain with the support of graph(s), demand-pull and cost push inflation. Which, in your view, is the main driver of the present increase in inflation. Explain. 2 MarksAssume a newspaper article stated, "The rise in the consumer price index of 2.7 percent has increased the cost of living of an average Australian by 2.7 percent". Is this an accurate conclusion? Explain. 2 Marks Sharp Seal Computer Corp, a technology support company providing security for small businesses, reported these summarized figures (in milione) (Click the icon to view the income statement.) (Click the Try This 1 Suppose that you begin with a single E. coli baderium at time 0, and the conditions arme appropriate for the bacteria to double in population every 20 min. This growth can be modelled using the equation P= P. (2)20. 1. a. Create a table that shows the number of bacteria at 20-min intervals for 5 n. Your table might start out like this one. Time (in min) Number of Bacteria 0 20 40 Di Use your table to ostmate when there would be 10 000 bacteria 2 a. Follow the steps in the following table to algebraically determine an approximate time when there would be 10 000 bacteria. Make the assumption that the equation P=P, (2) can be used to find an approximate time where there would be 10 000 bactena Write the equation Substitute the known values for P and P 10 000-102 11235 10 000 = 220 --230 Take the logarithm of both sides of the equation, Hint: log10 000 = log 2 PRACTICE Use the power law of logarithms log, ("). n log, M. to bring down the exponent 20 Divide both sides of the equation by log 2 QUOTIUN Multiply both sides of the equation by 20. Determine a decimal approximation of t. b. 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Express your answer with the appropriate units.Figure 1of 1AF 28.1N5.00 mSubmitMy Answers Give UpIncorrect; One attempt remaining; Try AgainProvide FeedbackContinue If a company issues raw materials to production at a cost of $24900 when the standard cost is $23300, it will a. credit Material Quantity Variance for $1600. b. debit Materials Quantity Variance for $1600. c. debit Materials Price Variance for $1600. d. credit Materials Price Variance for $1600.