Answer:
B. causes firms to change prices more frequently and makes relative prices more variable.
Explanation:
Very high inflation causes the so-called menu costs to rise. Menu costs are called that because they refer to the costs a firm incurrs (for example, a restaurant) when chaning its menus or bills in order to reflect the new prices.
Very high inflation or hyperinflation makes economic activity extremely difficult, and prices volatile. In extreme cases, economic calculation can become almost impossible, and people either drop the currency for another, or even resort to barter.
Answer:
Labor to be variable and capital to be fixed
Explanation:
Christine started off a new firm and only needed her own labor and a computer.
As the business grows there will be more work to be done, so her personal labor will be insufficient. There will be need for extra hands to get tasks done, and also people with specialised skills will need to be hired. Labor will be variable because it will change according to business needs. More employees when work is much and scale down on labor when work is less.
Capital needs will increase to effectively support the growing business, for example tables, chairs, computers, stationery, an office, and other equipment. Capital obtained will be fixed in nature especially land, office building, and office equipment.
write a thank-you letter
call the interviewer immediately to see if you got the job
call your friend to tell them about the interview
I think its B am I right?
Answer:
write a thank-you letter
Explanation:
After a job interview you can write to the recruiter talking about your impressions of the company and thanking them for the interview. This will be a kind way to show that you are interested in the job. It does not necessarily have to make a letter, it can be an email. The important thing is the signaling of interest and kindness.
Answer:
Yes.
Explanation:
We know,
Accounting profit = Revenue - Explicit cost.
Economic profit = Revenue - Explicit cost - Implicit cost
Explicit cost is the day to day expenses, while the implicit cost is the expanses that have already occurred.
Therefore, the explicit cost may not be higher than the revenue. So accounting profit can be positive.
However, as we have to deduct the explicit cost as well as implicit cost from economic profit, it can be positive, negative, or even zero. So the statement is correct.
It is possible for accounting profit to be positive and economic profit to be negative when the implicit costs used in calculating economic profit are greater than the accounting profit. This indicates that the resources used in the business could generate higher returns if invested elsewhere.
Yes, it is indeed possible for accounting profit to be positive while economic profit is negative. This scenario arises due to the difference in what is considered a cost in the computation of each type of profit. Accounting profit is total revenue minus explicit costs, which are direct, out-of-pocket expenses. It does not consider implicit costs, which are the opportunity costs of using resources in one way instead of another. These might include the entrepreneur's time or the potential earnings that could have been generated if capital had been invested elsewhere.
On the other hand, economic profit is total revenue minus total cost, including both explicit and implicit costs. Even when a business is generating a positive accounting profit, if the implicit costs are higher than this accounting profit, the economic profit may be negative. This translates to the business not being as profitable as it could be if the resources had been invested elsewhere. This difference is important because while a business pays income taxes based on its accounting profit, whether it is economically successful depends on its economic profit. The decision to continue a business would depend on positive economic profit.
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Answer:
Zach can explore several options for finding out about this company. Some of them include.
Explanation:
To learn about a company before a job interview, Zach can use the internet to research about the company, leverage social networking sites like LinkedIn for insights, observe and analyze the required skills for the job, and, if possible, interview current employees of the company.
In preparation for a job interview, Zach should leverage the power of the internet to learn about the company. Conducting an online search can provide him with useful information about the company's history, philosophy, products or services, culture, and more. Social networking sites such as LinkedIn can be particularly useful, as they often provide insights into the company's operations, its peers, and even the people who work there.
It is also helpful for Zach to observe and analyze the skills and qualifications required for the job, usually available in job listings or descriptions.
Lastly, if it is possible for Zach, he may want to interview people currently holding the same or similar position. They can provide firsthand information about the day-to-day tasks, the work environment, and other expectations of the job.
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A government normally increases taxes to boost it's tax revenue but this also results in the decrease of savings and investments. Higher taxes leaves consumers with less disposable income which then discourages them from saving and investing.
The value of our forecast for week 7 using the weighted moving average method is 48.084.
Emergency care in the medical field refers to immediate medical treatment provided to patients suffering from sudden and severe medical conditions or injuries that require urgent attention, often in an emergency department or ambulance setting.
To calculate the weighted moving average forecast for week 7, we need to multiply the actual demand levels for the past four weeks by their respective weights and then add up the results. Using the given weights of 0.333, 0.250, 0.250, and 0.167 for the present period, one period ago, two periods ago, and three periods ago, respectively, we have:
Forecast for Week 7 = (0.333 × 55) + (0.250 × 46) + (0.250 × 39) +
(0.167 × 57)
= 18.315 + 11.5 + 9.75 + 9.519
= 48.084
Therefore, the value of our forecast for week 7 using the weighted moving average method is 48.084.
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