The net decrease in the asset and liabilities balances will result in a reduction in income tax expense of $800.
A tax rate is a percentage at which someone or a company is subject to taxation. The federal government and several state governments in the United States both employ a progressive tax rate system, meaning that as taxable income for an individual or corporation rises, so does the percentage of tax that must be paid.
Both the obligation and the cost of paying income taxes will be $1,000 lower.
The tax rate has been decreased by 20 percent.
[(40% − 50%) / 50% = –0.2].
Hence, the deferred tax asset will be $800 = $1,000(1 − 0.2),
Deferred tax obligation will be $4,000 = $5,000(1 − 0.2)
The net amount of the drop in the asset and liabilities balances will result in a reduction in income tax cost = $1,000 – $200
= $800
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Angie needs a new dishwasher. She saw a great sale on the model she wanted and went down to her local appliance store. When she got there, the store owner said that they no longer had that dishwasher, but they would be happy to sell her a different model at a higher price. Why might the Federal Trade Commission be willing to look into this?
A.
It is false advertising.
B.
It is creating an invalid debt.
C.
It is preventing fair competition.
D.
It is an improper debt collection.
Answer:
A. It is false advertising.
Explanation:
Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers.
The Federal Trade Commission (FTC) is an agency of the government of the United States of America saddled with the responsibility of promoting consumer protection and the enforcement of all civil antitrust laws.
Basically, the laws formulated or established by the FTC are to provide protection for consumers of various goods and services while requiring that businesses do not make false claims about them.
Furthermore, the consumer protection laws enforceable by the Federal Trade Commission (FTC) guarantees truthful information in the marketplace at all times. This is achieved by requiring that business firms only make claims about their products and services that can be proven.
In this scenario, the Federal Trade Commission might be willing to look into this issue (advert of the dishwasher model) because it is false advertising.
NEED HELP ASAP, WILL GIVE BRAINLIEST
1. Variable Costs are also known as ___________
A. Cost of Goods Sold
B. Liabilities
C. Assets
D. Equity
2. The bank purchased a desk for a new employee. What type of cost is the purchase of a new desk?
A. Fixed Cost
B. Variable Cost
3. Today I sold a new 80 inch television. The sale of this item is called________?
A. Unit of Sale
B. Asset
C. Cost of Goods Sold
Answer:
Cost of Goods Sold
variable cost
evality
Which margin is at the very bottom of the page when printing worksheets?
top margin
bottom margin
header margin
footer margin
Answer:
Footer Margin
Explanation:
Just took this :)
Answer:
Footer Margin
Explanation:
true or false: norman daniels argues that fair equality of opportunity requires opportunity to be equal for all persons and a leveling of individual differences?
True, norman daniels argues that fair equality of opportunity requires opportunity to be equal for all persons and a leveling of individual differences.
Fair opportunity standards are associated with the concept of a society free from unjustified discrimination. The connection between fair equality of opportunity and this is loose. When this criterion is satisfied, Rawls permits departures from his fair equality of opportunity rule. The argument that upholding equal opportunity principles could limit the chances available to the least fortunate in this regard could lead to a wider rejection of the principles. Fair Equality of Opportunity (FEO) calls for social positions, like jobs, to be formally open and distributed on the basis of merit, but it also mandates that every person have an equal opportunity to obtain these positions. The most well-known interpretation of FEO was created by John Rawls.
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The assumption that preferences are complete: Group of answer choices means that a consumer will spend her entire income. means that the consumer can compare any two market baskets of goods and determine that either one is preferred to the other or that she is indifferent between them. is unnecessary, as long as transitivity is assumed. recognizes that there may be pairs of market baskets that cannot be compared.
Answer:
means that a consumer will spend her entire income. means that the consumer can compare any two market baskets of goods and determine that either one is preferred to the other or that she is indifferent between them
Explanation:
In the case when the presumption is to be considered as completed means that the consumer would able to spend her overall income. That means the consumer could compared any kind of two markets for the goods and measures which one is to be preferred over the other or it is indifference between them
So as per the given situation, the first option is correct
Who is the best teachers in deap
A. all of them
The greatest instructors in the DEAP (Disability Employment Accelerator Program) are tough to pinpoint because they may differ based on student experiences and viewpoints.
Which of these professional traits enables a person to adapt swiftly to changes in the modern world?Your ability to adapt to changes in your environment depends on your adaptability skills. Being adaptable at work is being able to react rapidly to concepts, obligations, demands, trends, tactics, and other procedures that may change.
What kind of instructor is necessary to manage a class with impaired students?They are known as resource instructors with a specialisation. The disabled students are taught in a separate class by a different teacher for those subjects and activities where their impairment prohibits them from learning from the usual teacher.
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managers will have more power in the negotiation process if they appear less confident than the other party.T/F
False. Managers will not have more power in the negotiation process if they appear less confident than the other party.
In the negotiation process, confidence plays a significant role in exerting influence and achieving favorable outcomes. Therefore, the statement that managers will have more power in negotiations if they appear less confident is false.
Confidence is often associated with competence, credibility, and assertiveness, which can contribute to a manager's perceived power and influence during negotiations. Appearing less confident may undermine a manager's power in negotiations. It can create an impression of weakness, lack of conviction, or uncertainty, potentially leading the other party to exploit the situation or negotiate from a position of strength.
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Usa manufacturing issued 30-year, 7.2 percent semiannual bonds 6 years ago. the bonds currently sell at 101 percent of face value. what is the firm's aftertax cost of debt if the tax rate is 21 percent?
As per the bond price, the firm's after tax cost of debt if the tax rate is 21% is 3.52%
The bond in economics contains the interest payments a mandatory expense, while dividends are assumed to be optional. and here we have to know that is why interest expenses are tax deductible and dividends are not.
Here let us consider that
P refers bond price = 101% * 1,000 = $1,010
C refers bond coupon = 7.2% / 2 * 1,000 = $36
n refers number of semiannual periods = 24 * 2 = 48
Then here we will first find the semiannual yield, r, by using the bond price formula as
=> r = 3.71%
Then the yield of maturity is calculated as,
=> YTM = 3.52%.
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what multilateral agreement was created in 1948 to govern the international trade of goods (merchandise)? wto gatt un eu
The General Agreement on Trade and Tariffs is known as GATT. It is a binding legal agreement on trade GATT and WTO between nations with the goal of lowering tariffs. The World Trade Organisation.
The body that replaced GATT in creating laws aimed at removing trade barriers. GATT was initially reorganised in 1993 to make room for WTO in 1995. WTO was established by all 76 GATT participants as well as the European Union.
GATT and WTO vary in that GATT was an international organisation, whereas WTO was an agreement between or among nations. Selective trading under GATT trade accords led to conflict among member countries. Trade regulations are multilateral under the WTO. One of the WTO's rules and processes for resolving disputes' successes. The worldwide trading system is safer thanks to WTO law. The dispute resolution process has well-defined guidelines and, most significantly, deadlines for resolving cases.
Complete question:
what multilateral agreement was created in 1948 to govern the international trade of goods (merchandise)? wto gatt?
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A traveler wanted to know if the prices of hotels are different in the ten cities that he visits most often. The list of the cities with corresponding hotel prices for his two favorite hotel chains is (here). Test at the 1% level of significance.
Cities Hyatt Regency in dollars Hilton in dollars
Atlanta 107 169
Boston 358 289
Chicago 209 299
Dallas 209 198
Denver 167 169
Indianapolis 179 214
Los Angeles 179 169
NYC 625 459
Phila 179 159
D.C. 245 239
To determine if there are significant price differences between the two hotel chains in the traveler's ten most visited cities, a statistical hypothesis test can be conducted at the 1% level of significance.
The null hypothesis (H₀) assumes that there is no difference in prices between the hotel chains, while the alternative hypothesis (H₁) suggests that there is a significant difference. The test compares the mean prices of the two hotel chains using either a paired t-test or a Wilcoxon signed-rank test, depending on the distribution of the data. By calculating the test statistic and comparing it to the critical value or p-value, a conclusion can be drawn regarding the price differences.
To test if there are significant price differences between the Hyatt Regency and Hilton hotel chains in the traveler's most visited cities, we can perform a statistical hypothesis test.
The null hypothesis (H₀) assumes that there is no difference in prices between the two hotel chains, while the alternative hypothesis (H₁) suggests that there is a significant difference.
We can compare the mean prices of the two hotel chains in each city using either a paired t-test or a Wilcoxon signed-rank test, depending on the distribution of the data. The paired t-test assumes normality and calculates the t-statistic, whereas the Wilcoxon signed-rank test is a non-parametric test that ranks the price differences.
Performing the appropriate test for each city, we can calculate the test statistic and compare it to the critical value or p-value associated with the 1% level of significance. If the test statistic exceeds the critical value or the p-value is less than 0.01, we reject the null hypothesis and conclude that there are significant price differences between the hotel chains in that city. Otherwise, we fail to reject the null hypothesis.
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Suppose that there are two winners for the Nobel Prize in Economics this year, and suppose that one of them is a professor at your university while the other is a professor somewhere else. Research suggests that you will tend to:__________
Answer: You would tend to sing the praises of the professor associated with your University, you would want to play the familiarity card to others of how you might know him because he teaches in your University.
Explanation:
There are two things involved in these scenario, one of them is that you would tend to sing the praises of the professor associated with your University, you would want to play the familiarity card to others of how you might know him because he teaches in your University.
The second is that you would be inquisitive about the other professor and want to know more about his profile.
But in most cases the familiarity aspect happen more than the other.
Difference between assets and liabilities.
Answer:
see below
Explanation:
Assets are the things a person or a company owns. They are items precious to a business or an individual. Assets are things that can be assigned a monetary value. They are in the form of cash, properties, money market securities, machinery, plants and equipment, intellectual property rights, and many others.
Liabilities are money a business or person owes others. They are loans, debts, and obligations that need to be paid. Common liabilities include bank loans, unpaid utilities, and creditors such as suppliers.
A worker at a landscape design center uses a machine to fill bags with potting soil. Assume that the quantity put in each bag follows the continuous uniform distribution with low and high filling weights of 13. 4 pounds and 15. 9 pounds, respectively. A. Calculate the expected value and the standard deviation of this distribution. (Do not round intermediate calculations. Round your "Expected value" to 2 decimal places and "Standard deviation" answer to 4 decimal places. ) b. Find the probability that the weight of a randomly selected bag is no more than 14. 6 pounds. (Round your answer to 2 decimal places. ) c. Find the probability that the weight of a randomly selected bag is at least 14. 1 pounds. (Round your answer to 4 decimal places. )
The expected value and the standard deviation of this distribution is explained below.
So, here, Let X = the quantity of soil which is put in each bag.
The random variable X tends to follow a Uniform distribution.
Whereas, the range of the values of X are, [8.1, 13.1].
And the probability density function of X is:
fx(x) = 1/2 (a+b) = 8.1+13.1 / 2
=10.6
Then, Compute the expected value of X as follows:
E(X) = 1/2(a + b) = 8.1+13.1 / 2
=10.6
Thus, the expected value of X is 10.60.
Now we will compute the standard deviation of X as follows:
\(SD(X) = \sqrt{1/2 (b-a)^{2} } = \frac{5}{12}^{2} \\= 1.4434\)
Thus, the standard deviation of X is 1.4434.
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Select all that apply and then click DONE. OSHA's role is to:
Develop and enforce job safety and health standards.
Provide a retirement program to help employers and workers.
Maintain an injury and illness reporting and record keeping system.
Encourage continual improvement in workplace safety and health.
Done
Answer:
Develop and enforce job safety and health standards.
Maintain an injury and illness reporting and record keeping system.
Encourage continual improvement in workplace safety and health.
Explanation:
OSHA is the short form for the Occupational Safety and Health Administration. OSHA is under the united states department of labor. Its core mandate is to promote a safe and healthy workplace for all workers through training, education, outreach, and setting and enforcing standards.
OSHA's concern is about a safe work environment for employees. It does not deal with retirement benefits or any other employee's compensation.
Owner must share their profits.
True or false
Answer:
True
Explanation:
a.
Those who compulsively work are considered sick because compared to most people, they tend to
Understand their wants and desires better
b. Hold better paying jobs in technological fields
C. Pay more attention to their loved ones' needs
d. Allow work to interfere with personal activities
Answer:
D
Explanation:
Took the test on ed
Answer:
Option D on edge 2021
If a $10,000 investment earns interest of $500 in one year, what is its rate of return? a) 5 percent b) 10 percent c) 50 percent d) 75 percent
The rate of return can be calculated as (500/10,000)*100 = 5%. The correct option is A
The rate of return for the given investment can be calculated by dividing the interest earned by the initial investment and then multiplying by 100 to convert it into a percentage. In this case, the investment of $10,000 earned an interest of $500.
A rate of return is a measure of the profitability of an investment and helps investors to evaluate their investment decisions. In this case, the investment earned a 5% rate of return, which is a modest return.
However, the rate of return can vary depending on the type of investment, market conditions, and other factors. Hence, investors should consider multiple factors before making investment decisions to maximize their returns while minimizing the risks involved. The correct option is A
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The invisible hand refers to the:__________
a) fact that the U. S. Tax system redistributes income from rich to poor.
b) notion that, under competition, decisions motivated by self-interest promote the social interest.
c) tendency of monopolistic sellers to raise prices above competitive levels.
d) fact that government controls the functioning of the market system
The idea that self-interested actions advance societal interest under competition is known as the "invisible hand." Smith referred to this as the "invisible hand."
What exactly is a business example interest?Protecting an employer's trade secrets or sensitive information, a company's reputation, and potential or existing clients are a few examples of legitimate commercial interests. Protecting an employee from public competition is one thing that doesn't constitute a valid business interest.
Why does interest matter in business?In a market economy, interest fulfils a number of important roles. The most prominent example of this coordination between savers and borrowers is when borrowers are compelled to pay interest so as to loan additional money in order to increase their current spending.
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the infant industry argument relies on an assumption that firms can make efficient long-term investments by borrowing money from the domestic or international capital market. true or false?
The given statement ''The infant industry argument relies on an assumption that firms can make efficient long-term investments by borrowing money from the domestic or international capital market' 'is a false statement.
The infant industry thesis is challenged because it is predicated on the idea that businesses cannot efficiently finance long-term investments through domestic or foreign capital markets. Government assistance can aid domestic businesses in overcoming overseas competitors' first-mover advantages.Many different purposes are served by the foreign capital market. They first provide a network of institutions made up of corporations and governments that take risks and borrow money to promote trade across international borders.It also connects lenders and borrowers from various capital markets.The foundation of the infant industry argument is the idea that enterprises cannot borrow money from either the local or international financial markets in order to make successful long-term investments.
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How would you explain the difference between a one-business company and a diversified company?
A one-business company focuses on a single industry, while a diversified company operates in multiple industries.
The difference between a one-business company and a diversified company lies in their approach to business operations and the range of industries they operate in. Here's a step-by-step explanation:
1. One-business company: A one-business company, also known as a single-business company, focuses its operations and resources on a single industry or business line. This means that the company specializes in producing or offering products or services within a specific sector.
2. Example: For example, a one-business company could be a manufacturing company that solely produces automobiles. All of its resources, such as capital, technology, and human resources, are dedicated to designing, producing, and marketing automobiles.
3. Advantages: The advantages of a one-business company include a deep understanding and expertise in a specific industry, which can lead to a competitive advantage. Additionally, a one-business company may be able to achieve economies of scale and specialization within its industry.
4. Limitations: However, a one-business company is more vulnerable to risks and fluctuations within its industry. If the industry experiences a downturn or faces significant competition, the company's financial performance may suffer. It may also lack diversification, which could limit its ability to adapt to changing market conditions.
5. Diversified company: On the other hand, a diversified company operates in multiple industries or business lines. This means that it has a broader scope of operations and may engage in a variety of activities across different sectors.
6. Example: For instance, a diversified company may have divisions or subsidiaries involved in industries such as technology, healthcare, real estate, and consumer goods. Each division or subsidiary operates independently, catering to the specific needs and demands of their respective industries.
7. Advantages: The main advantage of a diversified company is risk reduction through diversification. By operating in multiple industries, the company can spread its risks and minimize the impact of any one industry's downturn. Diversification can also provide opportunities for growth and expansion into new markets.
8. Limitations: However, managing a diversified company can be challenging as it requires expertise in multiple industries and the ability to allocate resources effectively. There may be increased complexity in coordinating operations, decision-making, and managing diverse business units. Additionally, a diversified company may face competition within each industry it operates in.
The former offers specialization and a deep understanding of a specific industry, while the latter provides risk reduction through diversification. Each approach has its advantages and limitations, and the choice between the two depends on various factors such as market conditions, risk tolerance, and strategic objectives.
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A property is assessed at $39,000. The local municipality has an equalization rate of 5%. What is the market value of the property...
Answer:
$780,000
Explanation:
Calculation for the market value of the property
Using this formula
Market Value=Assessed property/Equalization rate
Let plug in the formula
Market Value=$39,000/0.05
Market Value=$780,000
Therefore the market value of the property will be $780,000
THIS IS URGENT- How did Jeff bezos change the economy when he created Amazon (I need when he first created it up to now!)
Jeff Bezos when he created Amazon had a tremendous impact in the economy as he created jobs more than any other company had created before and also helped in achieving price stability.
What is Amazon?
Digital streaming, cloud computing, online advertising, and artificial intelligence are the main areas of interest for the American multinational technology business Amazon.com. One of the most valuable brands in the world, it has been called "one of the most significant economic and cultural forces in the globe." Along with Alphabet, Apple, Microsoft, and Meta, it is one of the Big Five American technological firms. On July 5, 1994, Jeff Bezos launched Amazon from his garage in Bellevue, Washington. It began as an online book store but has since grown to include many more product categories.
Hence, Amazon contributed to the economy in terms of sales, price stability and creation of jobs and also providing a alternate option for marketplace in a economy.
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Beck and Carli are married. Carli purchases a condominium near Downhill Ski Resort. Beck and Carli each technically own an undivided one-half interest in the condo. This is a. community property. b. a joint tenancy. c. illegal.
Based on the fact that both Beck and Carli own an undivided interest in the condo, we can say that this is a. community property
Community property means:
Spouses own half of things acquired in marriage Spouses own these things regardless of who actually bought itWhen a marriage abides by community property, each spouse owns half of everything that was acquired in the marriage. This half is however undivided and only comes into play during divorce proceedings.
In conclusion, this condominium is a community property.
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ECONOMICS-100pts-NEED THIS DONE BY TODAY-
List and fully explain each of the phases of the Business Cycle.
Answer:
Explanation:
1. Expansion
The first stage in the business cycle is expansion. In this stage, there is an increase in positive economic indicators such as employment, income, output, wages, profits, demand, and supply of goods and services. Debtors are generally paying their debts on time, the velocity of the money supply is high, and investment is high. This process continues as long as economic conditions are favorable for expansion.
2. Peak
The economy then reaches a saturation point, or peak, which is the second stage of the business cycle. The maximum limit of growth is attained. The economic indicators do not grow further and are at their highest. Prices are at their peak. This stage marks the reversal point in the trend of economic growth. Consumers tend to restructure their budgets at this point.
3. Recession
The recession is the stage that follows the peak phase. The demand for goods and services starts declining rapidly and steadily in this phase. Producers do not notice the decrease in demand instantly and go on producing, which creates a situation of excess supply in the market. Prices tend to fall. All positive economic indicators such as income, output, wages, etc., consequently start to fall.
4. Depression
There is a commensurate rise in unemployment. The growth in the economy continues to decline, and as this falls below the steady growth line, the stage is called a depression.
5. Trough
In the depression stage, the economy’s growth rate becomes negative. There is further decline until the prices of factors, as well as the demand and supply of goods and services, contract to reach their lowest point. The economy eventually reaches the trough. It is the negative saturation point for an economy. There is extensive depletion of national income and expenditure.
6. Recovery
After the trough, the economy moves to the stage of recovery. In this phase, there is a turnaround in the economy, and it begins to recover from the negative growth rate. Demand starts to pick up due to low prices and, consequently, supply begins to increase. The population develops a positive attitude towards investment and employment and production starts increasing.
Employment begins to rise and, due to accumulated cash balances with the bankers, lending also shows positive signals. In this phase, depreciated capital is replaced, leading to new investments in the production process. Recovery continues until the economy returns to steady growth levels.
This completes one full business cycle of boom and contraction. The extreme points are the peak and the trough.
Recording Net Operating Loss Carryforward
In 2020, Lambeau Inc. suffered a loss of $150,000. The enacted tax rate is 25%. Prepare Lambeau's entry for the loss carryforward on December 31, 2020, assuming that management determined that it was more likely than not that the deferred tax asset would be realized.
Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order.
Note: If the journal entry includes an extra line that is not required, select "N/A" as the account name and leave the Dr. and Cr. answers blank (zero) in the very last row of the journal entry.
Date Account Name Dr. Cr.
Dec. 31, 2020 Deferred Tax AssetValuation Allowance for Deferred Tax AssetIncome Tax PayableLiability for Unrecognized Tax BenefitsDeferred Tax LiabilityIncome Tax ExpenseN/A Deferred Tax AssetValuation Allowance for Deferred Tax AssetIncome Tax PayableLiability for Unrecognized Tax BenefitsDeferred Tax LiabilityIncome Tax ExpenseN/A Deferred Tax AssetValuation Allowance for Deferred Tax AssetIncome Tax PayableLiability for Unrecognized Tax BenefitsDeferred Tax LiabilityIncome Tax ExpenseN/A Please answer all parts of the question.
Recording Net Operating Loss Carry forward.A net operating loss carryforward is an accounting practice that entails carrying a company's net operating loss from one year to the next.
Companies use it to lower their tax liability in the future when they generate income.The appropriate journal entry for recording the net operating loss carryforward is shown below:Dec. 31, 2020Deferred Tax AssetValuation Allowance for Deferred Tax Asset Income Tax Payable Liability for Unrecognized Tax Benefits Deferred Tax Liability Income Tax Expense.
To record net operating loss carryforward (NOL) Note: The journal entry will be the same for each year that the company carries forward an NOL.Carrying an NOL forward is not uncommon, and it's a typical accounting practice. It's because businesses experience losses due to unforeseeable circumstances that aren't under their control.
In these situations, the ability to carry forward these losses is critical because it allows a business to offset profits earned in future years, lowering its tax liability and freeing up resources for more productive uses.
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The 10 million U.S. residents with the highest SES (and the best health care) outlive the 10 million with the lowest SES who live in rundown areas by about _____ years.
The 10 million U.S. residents with the highest SES outlive the 10 million with the lowest SES who live in rundown areas by about 30 years.
What is socioeconomic status (SES)?Socioeconomic status can be defined as the status of people in a society or community as based on the followings:
IncomeOccupationEducationIn the United State of America people who are educated and earn higher income including having the best health care tend to live longer compare to those who live in a very poor condition and has a lowest SES.
Inconclusion 10 million U.S. residents with the highest SES outlive the 10 million with the lowest SES who live in rundown areas by about 30 years.
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Identify four negative effects of economic growth on society/the environment.
Negative effects of Economic Growth on Society/ The Environment - Noise pollution and lower air quality arising from air pollution and road congestion.
The competitive firm's long-run supply curve is that portion of the marginal cost curve that lies above average.
It should be noted that competitive firm's long-run supply curve is the part of marginal cost curve that lies above average.
What is long-run supply?The long-run supply can be regarded as the supply of goods available in case whereby the inputs are variable.
The long-run supply curve can be referred to as been elastic than the short-run supply curve.
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Suggest 3 ways in which the municipality can effectively use transparency to involve the community in matter of service delivery. Also indicate in your answer how this can improve the ownership of service delivery and thus avoid the destruction of already built infrastructure during protest matches
The three ways in which municipality can effectively use transparency are openly communicate about service delivery plans, make data on service delivery available to the public and solicit feedback on service delivery.
What is service delivery?Service delivery refers to the process of providing a service to a customer or client. It involves all aspects of the service, including its design, development, implementation, and ongoing support. Effective service delivery requires a combination of people, processes, and technology, and must be aligned with the needs and expectations of the customer. This includes understanding the customer's requirements, providing timely and accurate information, delivering the service in a timely and efficient manner, and following up with the customer to ensure their satisfaction. Service delivery can take many forms, including in-person interactions, phone and email support, self-service options, and more. Ultimately, successful service delivery requires a focus on continuous improvement, ensuring that the service remains relevant, effective, and valuable to the customer over time.
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Can anyone give me some tips on how to become a successful businesswoman