Mike sells navel oranges in a market where there are a lot of other sellers and faces a perfectly elastic demand curve for oranges. he hires 10 workers in a perfectly competitive market to help him with picking oranges. given this information, it can be said that:

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Answer 1
it can be said that the demand for workers is a positive function of the prevailing market wage rate.
Under the current market which had a lot of competitors with similar products, the most important factors that could improve mike position in the market is the amount of workers that could improve his customer service and productivity.

Related Questions

Jack said, "i want to rule the world." what type of need is this?

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Jack is expressing NEED FOR POWER.
The need for power help to explain one's imperative to be in charge. There are two types of power, these are personal and social power. The need for power has also been defined as the desire for power either to control other people or to achieve higher goals. In the question given above, Jack is desiring power to control other people.

The Republic of Monaslu has the world's most efficient car manufacturing industry, while the country of Ingora has the world's most efficient electronics industry. The Republic of Monaslu trades cars with Ingora in exchange for consumer electronics. This form of trade between the two countries illustrates

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The Republic of Monaslu and Ingora demonstrated an example of a mutual trade. This happens when both countries of industries experience the benefit of business through support of each other on their own products. They can also further enjoy these benefits by enforcing laws that would benefit both like lowering taxes to increase their profits

Three categories of economic activities included in the business services sector of the economy include

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information, research, and management This an approach to portray a learning based part of the economy, which normally incorporates administrations, for example, data innovation, data age and - sharing, media, and innovative work, and also information based administrations like discussion, training, money related arranging, blogging, and planning. The quaternary segment depends on learning and ability. It comprises of scholarly ventures giving data administrations, for example, figuring and ICT , consultancy and R&D . As per a few definitions, the quaternary area incorporates other unadulterated administrations, for example, media outlets, and the term has been used to depict media, culture, and government.

Answering the question, the three categories of economic activities included in the business services sector of the economy include finance, insurance, and real estate.

The business sector refers to a microeconomic sector that involves the private and profit-seeking companies in the economy. These companies combine unlimited resources to produce goods and services that meet the needs of the household sector.

Further Explanation

Production of goods and services is the basic role of the business sector and it is made up of three types of business organizations which include proprietorship, partnership, and corporation.

However, there are three main sectors of the economy and these include:

The primary sectorThe secondary sectorService / tertiary sector

The primary sector includes the extractions of unfinished goods, mining, agriculture, forestry, and fishing

The secondary sector has to with the sector that produces finished goods such as cars, foods, clothes. Etc. This sector makes use of raw materials and converts them to finished goods.

Service/ tertiary sector includes business that provides intangible goods and services to their customers. Such businesses include Retail, banking, entertainment, IT services, etc.

There are also some minor sectors of the economy and these include

Public/private sectorQuinary sector

Therefore, the three categories of economic activities included in the business services sector of the economy include finance, insurance, and real estate.

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KEYWORDS:

business services sectorprimary sectorretailreal estateinsurance

Which piece of information is most helpful when you're comparing investments?

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The answer would be "the ROI percentages". It would be the most helpful when comparing investments.

To calculate uninsured costs, accidents are divided into four classes; class 1 accidents consist of

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Any unusual or unexpected event that results in injury.

Huan is 20 months old, and his mother is in a hurry. she wants to put his shoes on, but huan rejects her efforts by squirming and declaring, "no! me!" it takes him five minutes, and his shoes end up on the wrong feet, but he proudly skips out to the car when he's done. huan is in erikson's _____ stage.

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Final answer:

Huan is in Erikson's autonomy vs. shame and doubt stage of development, which is characterized by toddlers' pursuit of independence and control over their environment.

Explanation:

Huan is in the stage of development where toddlers strive for autonomy versus feeling shame and doubt. This stage, according to Erikson's stages of psychosocial development, is known as the autonomy vs. shame and doubt stage, which is typically experienced by children between the ages of 1 and 3 years. Huan's insistence on putting his shoes on by himself and taking pride in his achievement afterward is indicative of his pursuit of independence and his developing sense of personal control over his environment, even though the outcome wasn't perfect.

An innovative organization needs to tolerate ________ because creative ideas sometimes seem foolish at first.

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An innovative organization needs to tolerate THE IMPRACTICAL because, creative ideas sometimes seems foolish at first.
An innovative company is one who does not discard new ideas because they seem impractical. All ideas must be tolerated and explored in order to decide if the idea is going to be a workable one or not.

Who may regulate a natural monopoly?
 Consumers Corporations Government Suppliers

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Government

is the correct answer

The government may regulate a natural monopoly. As natural monopolies have significant control over an industry due to barriers to entry, governments often step in to ensure fair pricing, quality of service, and to prevent abuse of market power. Therefore, option C is correct.

A natural monopoly refers to a market situation where a single company or entity has a significant advantage in providing a particular good or service due to inherent characteristics of the industry.

Barriers to entry such as high infrastructure costs or economies of scale make it economically efficient to have a single dominant player. This monopoly power can potentially lead to abuse and harm consumers.

To mitigate this, regulation is implemented by the government to ensure fair competition, prevent price gouging, and maintain quality standards, thus safeguarding the interests of consumers and promoting a balanced market environment.

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Safety rule violations can cause hunting incidents. an example of a safety rule violation is:

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Final answer:

Neglecting to follow key hunting safety rules such as being absolutely sure of your target and what is beyond it, not wearing brightly colored hunting gear to ensure visibility, and irresponsibly storing loaded weapons are examples of violations that can result in hunting incidents.

Explanation:

One clear example of a safety rule violation that could result in a hunting incident is neglecting the rule often termed as 'Know your target and what's beyond'. This rule is imperative for hunter safety as it emphasizes the importance of being completely certain of what you're aiming at, as well as considering what or who could be unseen but in the line of fire beyond your target.

Another common safety rule violation is neglecting to wear a hunter orange or other bright colors. These colors help to make the hunter visible to others, therefore reducing the possibility of accidents.

A third safety violation could be loaded weapons carelessly left unattended or improperly stored. This could lead to unintentional discharges causing harm.


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Final answer:

Safety rule violations in hunting can include not following instructions for using equipment, neglecting to wear proper safety gear, or engaging in indiscriminate hunting. Disregarding these rules can cause accidents and harm local ecosystems. Rituals and respect for hunting rules are also essential for safety.

Explanation:

Safety rule violations indeed can cause hunting incidents. An example of a safety rule violation in hunting could be the failure to follow safety instructions or guidelines pertaining to the use of hunting equipment or adherence to certain behaviors. For instance, if a hunter doesn't correctly use hunting equipment like firearms or disregards safety precautions such as wearing reflective clothing, these could all result in accidents or other dangerous incidents during the hunt.

Some hunters might also engage in indiscriminate hunting, which is detrimental to local ecosystems and could disturb the balance of power between the hunter and the hunted. Maintaining respect for hunting rules and rituals, such as those observed by the Yukaghir elk and reindeer hunters, can also form part of essential hunting safety. These practices, code words included, were designed to ensure the safety and success of the hunters while preserving respect for the wildlife.

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Which device inside the computer case stores information after power is turned off?

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Answer: The hard disk drive.

The hard disk drive is an electromagnetically charged array of rapidly rotating disks (platters) that can hold billions or even terabytes of stored data. Magnetic heads mounted on a moving actuator arm perform the read and write operations on the platters.

Boards and commissions, such as the ________ for example, are in charge of overseeing specific industries.

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Independent Regulatory Boards and Commissions, Government organizations that direct different businesses, businesses or financial segments. They are shaped and concurred by power by Congress to control a particular industry, and there are 38 of these offices some of which includes the FCC and the FAA

When lofonift inc. introduced its flagship product, an mp3 player, it captured the market by offering its product at a very low price. this gradually forced many of its competitors out of business. once its competitors were out of business, lofonift inc. raised the price. in this scenario, lofonift inc. most likely indulged in _____?

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PROFIT PERHAPS OR INCREASE IN SALES FOR THERE IS NO RIVALS ANYMORE AND HAVE TAKEN THEM OUT

what does the production possibility frontier show?

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It shows the max possible output combinations of two goods or services an economy can get when all the resources are efficiently and fully used.

Answer:

Show the maximum possible outcomes.

Explanation:

The production possibility curve depicts the maximum possible output that is a combination of two or more goods and services of the economy and are achieved when all resources are fully and efficiently used. Such as the availability of the technology and resources. The PPF works on the concept of scarcity, choice, and trade-offs.

The _____ is the product or functional boss, who is responsible for one side of the matrix.

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Answer:  "matrix boss" .
______________________________________________

The in-group represents people that interact with one another regularly on the internet. true or false

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False
   I just took the test

The correct answer is False

Explanation:

In societies, in-groups refer to the group of people we interact the most; this includes friends, family, and peers. This type of group is defined as in-group because individuals form close bonds with people in the group because they have a sense of belonging in these groups. Additionally, in terms of interaction in-group are characterized by long-term, constant and face to face interaction. This implies it is false the in-group represents people that interact with one another regularly on the internet because people in in-group interact through face-to-face interaction as they know each other and have close bonds that cannot be formed through the internet.

How can the presence or absence of natural resources and arable land affect a nation's economy, regardless of the type of economic system?

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If a country has few resources and little land for crops, it may not be able to produce enough food and products for the people.

Globalization, workforce diversity, and __________ are three interrelated themes of importance for managing organizational behavior in the 21st century.

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Globalization, workforce diversity, and taking risk are three interrelated themes of importance for managing organizational behavior in the 21st century. We live in a society where it is common to receive goods from across the globe in trade. Our daily lives and workforce are interconnected more than ever, due to the surge popularity of the internet. A diverse workforce is another component of this surge, as now that the world is interconnected, all manner of people from all across the globe are available to do a lot of tasks that used to be done by a small subgroup of people. Finally, taking risks is an important fact of today's world as well. Corporations are focused on shareholder dividends and profit above short-term risk. Risk is needed in today's society to enable us to move forward as a society and make new discoveries.

1. Choose a well-known company that you know of, and answer the following questions about it:

a. Is this mainly a product-based or service-based business? (1.0 points)


b. What type of good or service is this company best known for? (1.0 points)


c. What makes the company different from its competitors? (1-3 sentences. 3.0 points)


d. Why do you think this company became successful? Describe at least one reason. (1-5 sentences. 2.0 points)

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Answer:

1. Choose a well-known company that you know of, and answer the following questions about it: Tesla

a. Is this mainly a product-based or service-based business? (1.0 points)

Tesla is mainly a product a product-based business.

b. What type of good or service is this company best known for? (1.0 points)

Tesla is known for their all-electric cars.

c. What makes the company different from its competitors? (1-3 sentences. 3.0 points)

Tesla is known for their sleek, all-electric, electronic based car. Not many other companies have a screen as their dashboard. Tesla is constantly coming up with software updates to better the customer experience and safety in the car.

d. Why do you think this company became successful? Describe at least one reason. (1-5 sentences. 2.0 points)

Tesla has become successful because of their safety features. They have outperformed other cars in their safety features. Their new software updates have also led to many technological advancements in things like autopilot and even adding games to the car.

Answer:

what they said ^

Explanation:

Karen has a net operating loss in 2016. if she does not make any special elections, what is the first year to which karen can carry the net operating loss? 2013 2014 2015 2017 none of the above

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2014 is the first year that she can carry the net operating loss back to. The IRS makes allowances that let you carry back a net operating loss to two years in the past, though they allow three if the net operating loss was because someone stole from you.

An employer has the right to monitor workers electronic communications if

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he got the right because he was work as that kind of person in the job they higerd him to do that

________ refers to the display of complex data relationships using a variety of graphical methods.

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The correct answer is visualization.
Visualization is the term which refers to the display of complex data relationships using a variety of graphical methods. You may choose to use various types of charts and graphs in order to visually present your ideas and information.

What is negotiation? A. A discussion in which a sales person demonstrates features of a product B. A discussion in which people try to agree on the price of a product C. A written promise about the performance of a product D. An increase in the utility of a product Please select the best answer from the choices provided A B C D

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A negotiation is a Discusion aimed at reaching  an agreement. B.

Negotiation is the discussion in which people try to agree on the price of a product.

What is negotiation?

Negotiation is a process in which two or more parties try to reach a mutually acceptable agreement on an issue. Negotiation can take place in a variety of settings, from business and politics to personal relationships and conflicts.

Effective negotiation requires both parties to have an open mind and a willingness to compromise.

Negotiators must be able to communicate effectively, listen actively, and understand the needs and interests of the other party. Negotiators also need to be able to identify areas of common ground and find creative solutions that satisfy both parties.

There are several different negotiation strategies that can be used, depending on the situation and the goals of the negotiators.

Some common strategies include distributive bargaining, where negotiators try to maximize their own gain at the expense of the other party, and integrative bargaining, where negotiators try to find solutions that benefit both parties.

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_____ are the cost of borrowing money. a. Job networks b. Interest rates c. Business cycles d. Unemployment phases Please select the best answer from the choices provided

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The cost of borrowing money is interest rate.
 correct answer is interest rates

Q 7.13: a(n)________ requires a journal entry by the depositor.

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A BANK SERVICE CHARGE requires a journal entry by the depositor.
On the other hand, the bank errors do not require a journal entry by the depositor.
A journal entry refers to an entry made inside a journal (a bank record). The bank service charge is always shown on the bank statement and on the last date of the bank statement.

If walter's costs are typical in the industry, we would expect that in the long run:

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If Walter's costs are typical in the industry, we would expect that in the long run: there will be new firms that would enter the market for watches and the cost would fall, and every individual firm in the market would deliver less watches.

Which of the following would be an example of international business?

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were are the choices
send the choices first

If overstock.com earns a rate of return exactly equal to what is necessary for it to continue​ operations, then its

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If overstock.com earns a rate of return that is exactly equal to being able to just keep the doors open and running, then their rate of return is 0%. This is called break-even for a business when they are not generating any profit, but also not losing any money.

What is one of the major problems with the initiative process?

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The problem with most reform proposals is that while they may be designed to address what their proponents perceive as real problems with the initiative process, they typically lack sound empirical foundations.

Hope it helped

During the 1930's, 65 percent of americans went to the ________ once a week.

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During the 1930's, 65 percent of Americans went to the movies once a week.

How does the federal reserve keep the value of money fairly constant?

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The value of money is mainly tied to the inflation rate prevalent at that time. The federal reserve's job is to prevent disinflation and maintain inflation at a moderate rate (2-3%). They are able to accomplish this through monetary policies such as controlling the LIBOR rate which affects short term interest rates between banks, which in turn should affect short-term interest rates everywhere. They also accomplish this by buying and selling bonds in the open market to increase and decrease the money supply in order to spur the economy or slow down the economy.
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