Biddle and Hamermesh (1990) to study the trade-off between time spent sleeping Using the data in Biddle and Hamermesh (1990), the estimated equation
The following model is a condensed version of the multiple regression model used by Biddle and Hamermesh (1990) to examine other factors impacting sleep as well as the trade-off between time spent working and sleeping: $$text sleep =beta 0+beta 1 text +beta 2 e d 3 a g e+u$$, where educ and age are measured in years and (total work) is measured in minutes per week. (Also see Computer Exercise $mathrmC3$ in Chapter $2.$) i. If adults sacrifice sleep for work, what does $beta 1 represent? $ ii. What indications do you anticipate for beta versions 2 and 3? iii. The approximated equation is $$beginaligned widehat using the data from SLEEP75. text while sleeping Age &=3,638.25-.148 Text Work -11.13 Text Education +2.20 Text Totwrk
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an important distinction both practically and conceptually is the difference between an easement and a license. all of the following characteristics pertain to a license except:
The contrast between an easement and a license is significant both practically and theoretically. A license has all of the following features, with the exception of: A license lasts forever.
A license to use property differs from an easement in that it can be revoked. An easement transfers title. A license is permission, but an easement is a right. While a license is not for a certain amount of time, an easement is. While a license does not survive the sale of the affected land, an easement does. The ideas that one person has a legal claim to an easement and profit The bearer of a license may also utilize the property of another individual.
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how did you arrive at 0.044 as your smallest level of significance
0.04 < 0.044 < 0.4 < 0.404 < 0.44 < 0.444
Detailed explanation:
Initial number: 0.4, 4/10, 400/1000
Second digit = 0.04 = 4/100 = 40/1000
3. Number = 0.44, or 44/100, or 440/1000.
Fourth number is 444/1000, or 0.444.
Number five is 0.404, or 404/1000.
The sixth digit is 0.044, or 44/1000.
Having said that,
40 < 44 < 400 < 404 < 440 < 44
So,40/1000 < 44/1000 < 400/1000 < 404/1000 < 440/1000 < 444/1000
i.e., 0.04 < 0.044 < 0.4 < 0.404 < 0.44 < 0.444
What is initial number ?The Seller’s obligation to deliver the Initial Number of Shares to the Purchaser on the Initial Settlement Date is subject to the condition that the representations and warranties made by the Purchaser in the Agreement shall be true and correct as of the date hereof and the Initial Settlement Date.For each Transaction, the Initial Number of Shares; provided that on each Settlement Date, the Number of Shares shall be reduced by the number of Settlement Shares for such Settlement Date.To learn more about Agreement refer to:
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you own a diversified investment portfolio and wish to hedge it against market declines. which one of the following would be best suited as a cross-hedge for this purpose? group of answer choices
You want to protect your diversified investment portfolio from market drops. The best cross-hedge for this use would be one of the following: selling S&P 500 index futures short (Section 14.5).
What a perfect hedge means Do perfect hedges usually produce better results than defective ones? Describe your response.(2 markings) 4b) 4bi) A flawless hedge entirely removes the danger for the hedger. It's not always better to have a perfect hedge than a flawed one. It simply makes the result more certain. Think about a business that manages its exposure to asset price fluctuations.
How can risk be reduced with options and futures contracts?Options trading provides a practical tool for investors to protect their portfolio from unexpected price drops. A trader can lower their risk exposure and make sure they can still sell their assets at a fair price even if the market moves against them by making an investment in long-term put options.
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Employer liability for employee injuries, accidents, or wrongs is largely dependent on whether the employee was _____ at the time of the incident in question.
A. aware of her wrongdoing
B. full-time
C. on the job
D. legally competent
On the job. This is the necessary response to the posed question (C).
What are the liabilities of employer on accident?The employer is responsible for providing compensation to such an employee if an accident-related injury results in his permanent or partial disability for a length of time longer than three days. Under the Act, a permanent or partial disability has been Act[5].
The following responsibilities must be met by an employer if a worker is hurt at work: provide first assistance and medical attention Wherever necessary, an employer has a primary duty to offer urgent first assistance and medical care. Your employer has a responsibility to keep you safe and to inform you of health and safety risks that concern you.
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Declaring a method final means:
A. it will prepare the object for garbage collection.
B. it cannot be accessed from outside its class.
C. it cannot be overloaded.
D. it cannot be overridden.
Declaring a method final means it cannot be overridden. Hence, option (D) can be regarded as the suitable answer choice.
Give a brief account on final method in JAVA.In Java, the final method is the one that, once declared, cannot be altered or modified. As a result, we are unable to change a subclass' final method. A method is referred to as a final method in Java when the final keyword is used to declare it. The final method in Java cannot be overridden.
The final keyword tells the JVM to pay extra attention to the method and ensure that no one else can override it. If we attempt to override the final method in Java, we encounter a compilation issue. Every method that must have the same implementation throughout every class from which it derives must be specified as a final method.
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The tax law requires that capital gains and losses be separated from other types of gains and losses. Among the reasons for this treatment are:
Long-term capital gains may be taxed at a lower rate than ordinary gains.
Capital losses that are short-term are not deductible.
Net capital loss is deductible only up to $3,000 per year for individual taxpayers.
a. and c.
The distinction between capital gains and losses and other types of earnings and losses is required by tax law, hence the correct option is (d) Both choices a. and care reasons.
Long-term capital gains are profits from the sale of assets you've owned for more than a year, and they are normally taxed at lower rates than short-term gains and ordinary income, ranging from 0% to 20%, depending on your taxable income.
Any loss may be offset by any capital gain generated during the same tax year, but only a maximum of $3,000 in capital losses may be offset by earned income or other sources of income during the year. The leftover capital loss can then be carried forward and offset by a capital gain of up to $3,000 each year, or it can be deducted in subsequent years up to that amount.
Only taxpayers who did not own a principal residence on the day the capital asset was transferred are qualified for this capital gains exemption.
Profits or gains that come from the transfer of a capital asset are referred to as capital gains and are subject to taxation under the "Capital Gains" section. capital asset definition.
The term "capital asset" refers to any sort of property that an assessee owns, regardless of whether it is connected to their business or area of work.
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The actual question is :
The tax law requires that capital gains and losses be separated from other types of gains and losses. Among the reasons for this treatment are:
a. Long-term capital gains may be taxed at a lower rate than ordinary gains.
b. Short-term capital losses are never deductible.
c. A net capital loss is deductible only up to $3,000 per year against non-capital income for individual taxpayers.
d. Both choices a. and care reasons.
based on the graph, what would be the current point of equilibrium in the economy when an expansionary combination of fiscal and monetary policies is needed for the economy to reach full-employment equilibrium?
If fiscal policy is expansionary while monetary policy is contractionary, the interest rate will surely increase; since both actions serve to increase interest rates. If fiscal policy is contractionary while monetary policy is expansionary, the interest rate will surely decrease.
How did this occur?
A central bank's purchase of Treasury securities, a reduction in the interest rate on bank loans, or a relaxation of the reserve requirement are all examples of expansionary monetary policy. These activities all result in higher money supply and lower interest rates.A type of macroeconomic policy known as expansionary, or loose policy, aims to promote economic growth. Monetary policy or fiscal policy are both examples of expansionary policy (or a combination of the two).To know more about policy here
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Answer:
Point C
Explanation:
Point C is to the left of the LRAS indicating a recessionary gap and need for expansionary policies.
question 1 a magazine wants to understand why its subscribers have been increasing. a data analyst could help answer that question with a report that predicts the result of a half-price sale on future subscription rates. 1 point
TRUE OR FALSE
A data analyst could help answer that question with a report that predicts the result of a half-price sale on future subscription rates- false.
What is data analyst?In order to find relevant information, support inferences, and help decision-making, data analysis is the process of analyzing, cleaning, manipulating, and modeling data. Data analysis is utilized in several fields of business, science, and social science and has many dimensions and methodologies. It includes various techniques and goes by many different names. Data analysis contributes to more scientific decision-making and more efficient business operations in the modern business world. Data mining is a specific type of data analysis that concentrates on knowledge discovery and statistical modeling for predictive as opposed to purely descriptive purposes. Business intelligence refers to data analysis that heavily relies on aggregation and is primarily concerned with business information. While CDA focuses on verifying preexisting assumptions, EDA focuses on finding novel features in the data.
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Generally, there are covenants between the borrower and the lender within a mortgage document. Which of the following is a mortgage covenant?
Agree to refinance only with the current lender.
Give the lender first right of refusal.
Move all checking and savings account to the lender's institution.
Pay any charges and assessments against the property.
A mortgage covenant in the following is "Pay any charges and assessments against the property."
Simply said, "promise" is another synonym for "covenant." Banks incorporate covenants in loan agreements to protect their status as lenders and to increase the possibility that a loan will be repaid by the borrower/business owner promptly, fully, and in compliance with the loan's terms and circumstances.
Loan covenants clearly state what the business owner commits to doing with regard to the capital structure of the company during the loan or line of credit's duration. These commitments made by business owners can vary, and while most loan papers include some of the instances of loan covenants discussed in this essay, not all of them do.
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A function of a(n) is to raise money to help elect individuals who regard their organization positively or to promote a particular issue related to their industry. (Enter the acronym in the blank.)
A function of a(n) PAC is to raise money to help elect individuals who regard their organization positively or to promote a particular issue related to their industry.
A political action committee (PAC) is an organization that raises money to be distributed to politicians that support the same concerns as the contributors. subsidy. A monetary payout or other sort of assistance provided by the government to an individual or organization.
A committee that accumulates funds to support or oppose politicians. PACs typically represent corporations, labor organizations, or ideological causes. A political action committee (PAC) of an organization raises funds from its workers or members and donates to parties and candidates on their behalf.
A PAC's principal aim is to generate and distribute monies in order to advocate for the political interests of its members.
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the blank rate is the primary tool the fed uses to conduct monetary policy today and the blank is a supplementary tool
The Fed has traditionally used three tools to conduct monetary policy: reserve requirements, the discount rate, and open market operations.
How to figure out the discount rate.The WACC and adjusted present value are the two main formulas for calculating the discount rate (APV). WACC = E/V x Ce + D/V x Cd x (1-T) is the formula for the WACC discount, and APV = NPV + PV of the impact of financing is the formula for the APV discount.
The discount rate for 2022 is what?The Federal Reserve Board gave its approval to a decision made by the board of directors of the Federal Reserve Bank of Kansas City on Wednesday to raise the bank's discount rate, or primary credit rate, from 1-3/4 percent to 2-1/2 percent, with effect from July 28, 2022.
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In this Decision Point activity, you began to explore game theory: specifically, how your outcomes are dependent not just on your own choices, but also on the reactions of competitors. Use what you learned from this decision point, and information from the chapter to answer the following question. Suppose Nike and Adidas are considering whether to develop new advertising campaigns. For each pair of strategies, the blue triangle shows Nike's payoff and the yellow triangle shows Adidas's payoff, in billions. Use this information to complete the sentences. The best outcome for Nike is to choose Nike's choices not to advertise and for Adidas to Advertise Do not advertise choose to advertise $6b -$3b If Adidas chooses not to advertise, their best result will happen if Nike chooses Advertise $6b $14b to advertise Adidas's choices The Nash equilibrium for this advertising game is $14b $10b for Nike to choose to advertise Do not advertise and for Adidas to advertise -$3b $10b Answer Bank
If Adidas decided not to advertise, it would be the best outcome for Nike. The commercial impact of Nike's choice to not advertise will be greatest if Adidas chooses not to market.
What sentence would be appropriate for the outcome?The best way to phrase your sentence with the term "outcome" This was the only conclusion we could agree on. You'll likely be happier with the outcome this evening. We alone are in a position to influence how this plays out.
What does a negative outcome imply?Negative effects include deterioration and failing to uphold or advance. Even if the faulty behaviour has no visible negative consequences, failing to follow a criterion nevertheless counts as a defect. The focus on results is not common in standards.
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Determine the depreciation, for the year of acquisition and for the following year, of a fixed asset acquired on October 1 for $500,000, with an estimated life of 5 years, and residual value of $50,000, using:
a. The double declining-balance method. Assume a fiscal year ending December 31.
Year of acquisition: $
Following year: $
b. The straight-line method. Assume a fiscal year ending December 31.
Year of acquisition: $
Following year: $
The double declining-balance method depreciation for year of acquisition is $200,000 and following year is $120,000. The straight-line method depreciation for year of acquisition and following year is $90,000.
Give a brief account on double declining-balance depreciation method.One of two popular methods a corporation uses to account for the expense of a long-lived asset is the double-declining balance depreciation (DDB) approach, sometimes referred to as the lowering balance method. Compared to straight-line depreciation, which applies the same amount of depreciation each year over an asset's useful life, the double-declining balance depreciation method accelerates the pace at which expenses are recorded. The double-falling approach depreciates assets twice as quickly as the traditional declining balance method.
To solve the question :
(a) Double-declining balance:
To calculate depreciation rate.
Depreciation rate :
= 2 / estimated value
= 2 / 5 = 0.40
To calculate the depreciation for the acquisition year, we multiply the purchase cost by the depreciation rate. The residual value is disregarded.
Depreciation = 0.40 × $500,000 = 200,000
Year of acquisition = $200,000.
We increase the depreciation rate by the asset's book value for the upcoming year. The difference between the asset's acquisition cost and cumulative depreciation is its book value.
depreciation = 0.40 × ($500,000 - 200,000) = 120,000
The depreciation of the following year is $120,000
(b) Straight-line method:
The depreciation follows a straight line and is constant over time. Calculate the annual depreciation now. Formula :
depreciation = acquisition cost - residual value / estimated life
depreciation = 50,000 - 5,000 / 5 = 90,000
The depreciation of the year of acquisition and following year is $90,000
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Which area represents the consumer surplus resulting from the profit maximizing price charged by this monopolist? Select one: a. A + B b. A+B + C + D c. A+B+C+D+J d. J+H e. D + I
a. Consumer surplus is area below the demand curve and above the price.The monoplist price is 6.5. So, consumer surplus is area A+B
A price ceiling or floor differs from the other in that respect. The lowest cost for a good is known as a price floor. The most that can be paid for a good is known as a price ceiling. The legally mandated minimum price is referred to as a price floor. A supplier cannot ostensibly sell for less than this price, according to the price. On the other hand, a price ceiling refers to the highest price that is governed by the government. Suppliers of products and services with a price cap are not expected to sell above the specified upper limit.
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Pharoah Construction Company had a contract starting April 2021, to construct a $23200000 building that is expected to be completed in September 2023, at an estimated cost of $21200000. At the end of 2021, the costs to date were $8056000 and the estimated total costs to complete had not changed. The progress billings during 2021 were $4000000 and the cash collected during 2021 was 3120000. Pharoah uses the percentage-of-completion method.
For the year ended December 31, 2021,Pharoah would recognize gross profit on the building of:
O $694483.
O $13144000.
O $760000.
O $0.
Calculation of Recognized Gross Profit for the Year 2021:
(Cost incurred in 2021 / estimated cost to finish) times 100 equals the percentage of completion in 2021.
Cost for 2021 is $8056000.
$21200000 is the estimated total cost.
Completed percentage in 2021 equals ($8056000/$21200000) x 100, or 38%.
Revenue Acknowledged in Year 2021 = Contract Revenue x Completion Rate
Revenue = $23200000 x 38%
Revenue = $8816000
Gross Profit is calculated as Revenue for the year 2021 less Cost for the year 2021.
Gross Profit = $8816000 - $8056000
Gross Profit = $760000.
A company's gross income is another name for its Gross Profit. A company's gross profit is its profits after deducting its cost of goods sold (COGS) from its total revenue.
Gross Profit is a statistic used to assess a company's efficiency in producing and providing its goods and/or services. The more effectively a corporation is using its resources, the higher the gross profit.
Typically, only variable expenses are taken into account when determining gross profit from cost of goods sold (COGS). Variable expenses are those that are directly related to output (like material and shipping costs). Gross profit is unaffected by fixed costs (such as rent and insurance).
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which of the following is considered a decision variable in the media selection problem of minimizing interview costs in surveying? group of answer choices the total number surveyed the number of people to survey in each market segment the overall survey budget the number of people to conduct interviews
The three audience measurements that advertisers typically use for both print and electronic media choices are audience size, audience demographics, and exposure distribution throughout the audience.
What factors affect the media selection?Language variety, social class, literacy rate, cultural considerations, and legal restrictions are some of these elements. Additionally, they cover media accessibility.
What does choosing and planning media involve?Media planning is the process through which marketers decide how, when, and where to communicate a specific advertising message to an audience. Media planners assess the target audiences, platforms, and advertisements to determine the most effective way to reach them.
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lukas takes part in an experiment. he is subject to electrical brain stimulation. he reports to the researcher conducting the experiment that he hears clicks during the stimulation. the part of the brain that causes him to hear the sounds is known as the group of answer choices association area. attribution area. auditory area. assessment area.
Lucas hears clicks during electrical stimulation of his brain. The part of the brain that triggers the hearing of clicks (sounds) is called the auditory area (cortex).
What is the function of the auditory cortex?The primary auditory cortex is located in the Heschl gyrus, an area present behind the superior temporal lobe within the supratemporal plane. The auditory cortex of the human brain receives and processes sound, vocal, or musical content.
What is hearing range in psychology?A sensory area of hearing located above the temporal lobe of the cerebral cortex. It receives and processes sound signals from the medial geniculate nucleus of the thalamus, the main structure along the auditory pathway.
What are the basic hearing loss?The three basic categories of hearing loss are sensorineural hearing loss, conductive hearing loss, and mixed hearing loss.
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Refer to Exhibit 3-2. Suppose equilibrium is at point C. Something then changes and equilibrium becomes point B. Which of the following is consistent with the change in equilibrium from point C to B (assuming that good X is a normal good)? a. There was a decrease in resource prices and income stayed constant b. There was an increase in resource prices and income stayed constant c. There was a decrease in resource prices and income increased d. There was an increase in resource prices and income decreased
The balance is at Point C. In the aftermath of an event, equilibrium moves to point B. Given that good X is a typical good, the movement in equilibrium from point C to point B is reasonable.
What exactly is balance?To achieve equilibrium, market supply and demand must be equal, which leads in stable price. In general, prices drop when there is surplus of goods or services, which raises demand, whereas they rise when there is a shortage, which lowers demand.Equilibrium is critical for a market to be simultaneously efficient and balanced. Given that it is keeping a balance between the quantities supplied and demanded, a market cannot vary from its price and quantity equilibrium.
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FILL IN THE BLANK a ________is a collection of databases that contain current and archived data used for research and analysis purposes rather than to manage day-to-day business transactions such as inventory control or payroll data
A database warehouse is a group of databases.
What exactly does warehousing mean?The practice of storing goods for later sale or distribution is referred to as warehousing. In contrast to smaller businesses, which may store their goods in a spare room, basement, or garage, larger organizations frequently buy or rent space in a building that is especially designed for storage.
What serves as a warehouse's purpose?Materials or supplies are kept at a warehouse until they are moved to another location. However, there are a number of auxiliary uses for storage that can increase the amount of usable space in a warehouse.
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what can you say about the relationship between the equilibrium price, and marginal cost and marginal revenue? what does this imply in terms of competition in this market?
The additional cost a company faces when producing one more good or service is known as the marginal cost. The additional rise in revenue that a company experiences after producing one more good or service is known as marginal revenue, on the other hand.
In general, marginal revenue tends to decline as production rises for any given level of customer demand. There is no economic gain in equilibrium since marginal revenue and costs are equal on a marginal basis. In the real world, markets never reach equilibrium; instead, they simply gravitate to an equilibrium that is constantly shifting. Marginal revenue for a company with perfect competition is the same as average revenue and pricing. This suggests that at values bigger than the average variable cost, the firm's short-run supply curve is its marginal cost curve. If the price falls below the average variable cost, the company shut down.
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A hypothetical country has a surplus of $200 million in its budget for the fiscal year just ended. Several proposals have been examined for the use of this money, two of which are emerging as leading candidates for serious consideration. One of the favored projects is to use the entire surplus money for countrywide road repairs. This project is assumed to have an expected life of ten years. The alternative is a proposal to invest the entire $200 million in a long-overdue hazardous waste cleanup.
a. Using the net present value (NPV) approach evaluate the two projects using a 5 percent and 10 percent discount rate.
b. Would it make any difference which discount rate is used in the final selection between these two projects? Why, or why not?
c. If the discount rate is reduced to zero, Project 2 will be automatically chosen. Why? Does this provide a clue as to why discounting is pervasive on projects with long time horizons and whose net benefits or costs come toward the end of the projectsâ lifetime? What would be the implication of this for environmental projects, in general.
Every stage of the construction process has an environmental impact of a project the mining processes used to source materials, the transportation.
a)One of these materials to the construction site from all over the world, the construction process itself, and the waste removal and disposal process that follows completion. As a result, every building project produces carbon dioxide, methane, and other waste products that contaminate the air and are thought to contribute to global climate change.
b) The use of heavy machinery in mining operations that harvest raw materials from the Earth for use in construction projects is the most detrimental part of construction in terms of contributing to climate change. The worldwide cement sector accounts for around 5% of global CO2 emissions.
c) Fuel and electricity applications are also significant contributions; fossil fuels are used to extract and transport minerals, process materials, and even power tools on building sites.
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A financial institution has a higher degree of interest rate risk on a ____ than a ____.
a. 30-year fixed-rate mortgage; 15-year fixed-rate mortgage
b. 30-year variable-rate mortgage; 30-year fixed-rate mortgage
c. 15-year fixed-rate mortgage; 30-year fixed-rate mortgage
d. 15-year variable-rate mortgage; 15-year fixed-rate mortgage
A financial institution has a higher degree of interest rate risk on a 15-year fixed-rate mortgage than a 30-year fixed-rate mortgage.
What comprises a mortgage?Principal, interest, taxes, and insurance make up the majority of mortgage payments. Your outstanding loan balance is reduced by the amount in the principal part. Borrowing money has a cost, which is interest. Both the interest rate and the loan balance affect how much interest you pay.
Is getting a mortgage wise?It can assist you in earning money and raising your overall net worth when applied effectively. A mortgage is also one of the most affordable forms of debt. Interest rates are low, and you can pay even less after deducting your mortgage thanks to federal and state tax advantages.
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which of the following statements accurately describe the similarities and differences between mortgage bankers and mortgage brokers? check all that apply. mortgage brokers are often able to reduce the loan-shopping time, hassles, and red tape for their customers. although mortgage brokers often appear to work on behalf of their borrowing customers, they are ultimately paid by the mortgage lender. many mortgage bankers ultimately sell the mortgages that they create.
These descriptions of the similarities and distinctions between mortgage bankers vs mortgage brokers are all accurate.
Authenticity of mortgage brokers:Mortgage brokers are authorized and qualified financial experts who handle a lot of the grunt work. They collect your paperwork, check your credit report, and confirm your employment and income. With this information, they can help you quickly apply for credit and negotiate terms.
Do mortgage brokers run a credit check on you?Simply said, lenders do not take into account one of the Credit Ratings you have seen online. Instead, mortgage brokers will carefully examine the data on your credit report as well as application information like your income, expenses, and down payment, for example, to determine your trustworthiness and affordability.
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tis the business od little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death
Figurative language, which deviates from the usual sequence and meaning of words in order to express a complex meaning, colourful writing, clarity, or emotive contrast.
What is Figurative Language?Figurative language is when words are used in a way that differs from their usual sequence and meaning in order to express a complex meaning, colourful writing, clarity, or emotional comparison.Figurative language refers to wording that deviates from the literal meaning of words in order to convey a message or make a point. Originally from the Old French term "figuratif," which means "metaphorical," this definition originates to the middle of the nineteenth century.Figurative language refers to the use of words in a way that differs from their usual sequence and meaning in order to express a complex meaning, colourful writing, clarity, or emotional contrast.Complete question :
“’Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death. My own line of reasoning is to myself as straight and clear as a ray of light.” In this excerpt, Paine uses figurative language to
Explanation :
When he says, "My own line of reasoning seems to me as straight and clear as a ray of sunshine," he is employing a like-/-as example. If the sun's light is being used as a metaphor for purity or intellect, then he is implying that he is highly rational and aware of what is happening. He is willing to die for what he believes in because he understands what he stands for and, as he said, "would follow his convictions till death."
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price cap regulation is defined as regulation that group of answer choices imposes a price ceiling on the regulated firm. uses average cost pricing to ensure costs are covered. uses marginal cost pricing to ensure efficient output. encourages firms to exaggerate costs to increase profits. is essentially the same as rate of return regulation.
Imposes a price ceiling on the regulated firm, A price ceiling is a government-imposed limit on the maximum price that can be charged for a good or service. It is a type of price control.
When a market's price cap is implemented?Demand outpaces supply when a market's price ceiling is in place. The ceiling price is below equilibrium, which causes this. As a result, more consumers will be able to afford the good while producers charge less. Once a result, as the price ceiling is implemented, supply decreases and demand increases.
What occurs if price controls are implemented by the government?In the field of economics, price controls are limitations imposed by authorities to maintain the affordability of goods and services. They are also employed to establish an open and equitable market. Price limits are intended to reduce inflation and promote market equilibrium.
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suppose the government forces the cable company to set its price equal to marginal cost. under this regulation, in the long run, the cable company will suppl
Suppose the government establishes a price regulation. The link organization will supply Q2 link memberships.
At MR = MC, where Q1 units are produced, profit is maximized without government regulation. At the point where the D and ATC curves meet, the government sets average cost pricing. Q2 units are made at the intersection point.
A natural monopoly is a situation in a market where barriers to entry prevent more than one company from entering the market.
Economies of scale and ownership of a crucial natural resource are the barriers to entry that lead to a natural monopoly. Government regulation can control the market to prevent price discrimination, but it cannot induce market entry or exit.
With no government pricing regulation, the equilibrium quantity for profit maximization is 25,000 households per month at a price of $35.
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Full Question = Suppose the government sets a regulatory price using the average-cost pricing rule. Under this regulation, the cable company will supply Q3 cable subscriptions . With this price regulation and without a government subsidy, the cable company will shut down in the long run.
TRUE/FALSE. businesses that pay attention to environmental details show employees that they care about guest's satisfaction and service quality, but not necessarily their own employee satisfaction..
Businesses that pay attention to environmental details show employees that they care about guest's satisfaction and service quality, but not necessarily their own employee satisfaction. This statement is true
How can service providers assist clients in managing information overload?Utilizing cues like odors or noises that bring back memories to help visitors respond appropriately to a service setting is one technique to assist them cope with information overload. The employees' dress at the hospitality company contributes to the atmosphere.
The hotel management agrees to guarantee the protection of guests, including their lives, health, and property, in addition to offering comfortable lodging and assurances of restful sleep. Because of this, the area of hotel security and safety requires the strictest oversight.
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which of the following selection would not represent an order quantity (i.e., size of order)? group of answer choices O backorder inventory model. O none of the above. O economic order quantity model (eoq) production order quantity model (erl). O price discount model.
Backorder inventory model selection would not represent an order quantity
The key distinction between the production order quantity model and the fundamental Economic Order Quantity (EOQ) model is that the latter has no holding costs. The production order quantity model does not presuppose a known, steady demand.
The economic order quantity is the recommended number of units to buy to satisfy demand while reducing inventory costs such holding charges, shortage costs, and order costs (EOQ). This production-scheduling approach was developed in 1913 by Ford W. Harris and has since been improved. The economic order quantity formula takes into account constant costs for ordering, holding, and demand.
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Non-capitalist economies around the world begin a phase of rapid economic development, construction and growth, becoming increasingly wealthy, as they begin to adopt more capitalist institutions, as in China, Russia, and the former communist countries of East Europe. Demand; Supply: Equilibrium Price: Equilibrium Quantity Exchanged: Which determinant changed?
a person who opposes capitalism, which is an economic and political order in which private owners, as opposed to the government, control property, businesses, and industries with the aim of profiting from them: The bulk of people are not capitalists.
Yes, there can be a free market without capitalism. As long as there are no coercive (forced) transactions or restrictions on transactions, it can exist under socialism. It can also occur in other types of communal/mutualistic communities, such those that existed among Native American tribes. The primary means of production are owned and managed by the state in a socialist economy. Worker cooperatives own and run the fundamental means of production in several socialist economic theories. Despite the existence of private capitalists and entrepreneurs alongside public and communal enterprise, the CCP believes that China is not a capitalist nation since the party still has control over the country's trajectory of socialist development.
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2. If Canada spends 20 hours producing a refrigerator and 10 hours producing a stove, and France spends 12 hours producing a refrigerator and 5 hours producing a stove, which of the following are true?
Select the correct answer below:
a. Canada has an absolute advantage in producing refrigerators
b. Canada has absolute advantage in producing stoves
c. Canada has absolute advantage in producing both goods
d. France has absolute advantage in producing both goods
A country has an absolute advantage over another country in producing a good if it uses fewer resources to produce that good. Hence, option(A) is correct.
How does absolute advantage work?Absolute advantage is the capacity of a person, business, area, or nation to produce more of an item or service with the same amount of inputs per unit of time than its rivals or to generate the same amount of a commodity or service with fewer inputs per unit of time.
The ability of a party to provide an item or service more efficiently than its rivals is known as the principle of absolute advantage in economics. The idea of absolute advantage was initially put forth in the context of international trade by Scottish economist Adam Smith in 1776, using labor as the only input.
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