Answer:
D) rational expectations theory.
Explanation:
The rational expectations economic theory states that the expectations of the population about how the economy is working, will actually influence the economy in a way that these expectations tend to become a reality.
For example, if people expect that the economy is going to fall into a recession they will try to save money and spend less. Because the population starts to save money and spend less the economy will slip into a recession.
The same applies the other way around, if the population is happy and confident about how the economy is doing, they will increase their spending and keep the economy growing.
We have to remember that almost 70% of the economy is private consumption and any small change in private consumption can lift or sink an economy.
b. should assign a specific task to each person reporting to him or her and regularly follow up to ensure that the tasks were carried out.
c. has exceeded an effective span of control and should divide tasks and delegate the supervision of some tasks to another person.
d. is more beneficial to the overall effort than a supervisor with fewer personnel because his or her team can accomplish more tasks.
Answer:
true
Explanation:
Answer:
As you progress in your career or profession, the most important section of your resume may shift from one stage to another. Here's how it can evolve:
1. **Early Career**: When you're just starting your career, your education and skills sections are often the most critical. You may not have extensive work experience, so highlighting your educational background and relevant skills can help you stand out.
2. **Mid-Career**: As you gain more experience, your work experience section becomes increasingly important. This is the stage where you've likely built a solid track record of accomplishments, and your ability to demonstrate your contributions in previous roles can set you apart.
3. **Senior/Executive Level**: At this stage, your accomplishments and leadership experience are paramount. The achievements, projects, and impact you've had in previous roles, especially in leadership positions, take center stage. This could include accomplishments related to revenue growth, cost savings, team leadership, and strategic initiatives.
4. **Industry or Role Transition**: If you're changing industries or roles, your resume's summary or objective statement, along with a strong cover letter, become crucial. These sections should communicate your transferable skills, passion for the new field, and how your past experience can add value in the new context.
5. **Professional Development**: Throughout your career, showcasing your commitment to professional development, certifications, and continuing education can be important. A "Professional Development" or "Certifications" section can demonstrate that you're keeping your skills and knowledge up to date.
6. **References**: As you progress, you might consider removing the "References" section from your resume. It's often assumed that you'll provide references when requested, and it can free up space for more valuable content.
Remember that the most important sections of your resume should align with your current career goals and the expectations of your target industry or employer. Customizing your resume for each job application is essential to highlight the most relevant information for the specific role you're seeking.
Firm 1 will be given a quota of 692.31 units, and Firm 2 will be given a quota of 307.69 units.
To determine how the government agency will divide the 1000 units of pollution between the two firms, we need to consider their marginal costs of pollution abatement and the constraint that their combined pollution cannot exceed 1000 units.
Let's solve for the optimal allocation using the given marginal cost functions:
1. Set up the optimization problem:
Maximize total pollution abatement subject to the constraint:
x₁ + x₂ ≤ 1000
2. Determine the marginal cost functions for each firm:
Firm 1's marginal cost of pollution abatement: c₁(x₁) = 6000.00 + 4.00x₁
Firm 2's marginal cost of pollution abatement: c₂(x₂) = 1500.00 + 8.00x₂
3. Formulate the objective function:
Maximize c₁(x₁) + c₂(x₂)
4. Solve the optimization problem using the given constraint:
Subject to x₁ + x₂ ≤ 1000
By substituting the marginal cost functions, the problem becomes:
Maximize (6000.00 + 4.00x₁) + (1500.00 + 8.00x₂)
Subject to x₁ + x₂ ≤ 1000
5. Solve the optimization problem to find the optimal allocation:
By solving the problem, we find that x₁ ≈ 692.31 and x₂ ≈ 307.69.
Therefore, the government agency will allocate a quota of approximately 692.31 units to Firm 1 and a quota of approximately 307.69 units to Firm 2 to ensure that the combined pollution does not exceed 1000 units.
The complete question is:
Two firms operate in a manufacturing industry that generates a significant amount of pollution. The local government has decided to crack down and limit the total amount of pollution to 1000 units. Each firm has a different cost of cleaning up its production process. Firm 1's marginal cost of pollution abatement is c₁(x₁) = 6000.00 +4.00 x₁ and firm 2's marginal cost of abatement is C₂(x₂) = 1500.00+ 8.00(x₂), where x₁ and x₂ are the amounts of pollution emitted by each firm. The two firms are constrained to produce no more than the 1000 units of pollution combined. 1st attempt See Hint
Suppose that a government agency is able to estimate the pollution abatement equations and set quotas for each firm. How will it divide up the 1000 units of pollution between the two? Give all answers to two decimals.
Firm 1 will be given a quota of____ units and firm 2 will be given a quota of ___units.
To know more about marginal costs, refer here:
brainly.com/question/30099644
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