each State wants the most they can get without going to war and will push for the farthest limit‚ this creates what is called the bargaining range. The bargaining range shows what each State stands to win or lose from going to war or effectively bargaining. The range is a set of deals that each party prefers to the alternative outcome‚ in some cases meaning war. Any division within the bargaining range is better than what they stand to get from going to war. War can be costly in many different ways
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see what role they take in the conceptual framework. Accounting information that is to be placed under Relevance‚ are data that are relevant to the subject currently being discussed and its inclusion the accounting process will likely to affect the decision that is to be made. On the other hand‚ information that is to be placed under Reliability‚ are data that can be acknowledged from a trustworthy and reliable source. It is compulsory to be able to be verified without any sort of bias or misrepresentation
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campaign’s budget on the combination of the two inputs will that maximize the number of votes. 5. For each of the following examples‚ draw a representative isoquant. What can you say about the marginal rate of technical substitution in each case? a. A firm can hire only full-time employees to produce its output‚ or it can hire some combination of full-time and part-time employees. For each full-time worker let go‚ the firm must hire an increasing number of temporary employees to maintain the
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in regards to their four basic paper product lines. It will show the cost and price data for the next fiscal quarter‚ plus showing the contribution margins per unit and the revisions. The paper will include the break-even point for sales mix along with the margin of safety for the estimated sales volume of the original estimates and the revised estimates as well. Lastly‚ it will address Herbert’s concern about the variable cost of the place mats. Original Estimated Contribution
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Middle-range theory‚ developed by Robert K. Merton‚ is an approach to sociological theorizing aimed at integrating theory and empirical research. It is currently the de facto dominant approach to sociological theory construction‚[1] especially in the United States. Middle-range theory starts with an empirical phenomenon (as opposed to a broad abstract entity like the social system) and abstracts from it to create general statements that can be verified by data.[2] This approach stands in contrast
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Ronald Coase noted‚“The cost of doing anything consists of the receipts that could have been obtained if that particular decision had not been taken.” For example‚ the opportunity set for this Friday night includes the movies‚ a concert‚ staying home and studying‚ staying home and watching television‚ inviting friends over‚ and so forth. The opportunity cost of taking job A included the forgone salary of $102‚000 plus the $5‚000 of intangibles from job B. Opportunity cost is the sacrifice of
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light to enjoy the whole egg. But when it comes time to buy eggs‚ there are so many options it can become confusing to know which is best for our health. There are ‘conventional’ eggs and ‘free range’ and ‘organic’ and ‘pastured.’ What’s the actual difference between all of these and is there a cost justification with any of them? As it turns out‚ there are big differences among these eggs and there can be big implications on your health and your body’s ability to stave off diseases like heart disease
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The five major variables of project management are essential in pretty much every project. Time which would is the amount of time required to complete the project. Typically it is broken down into the time required to complete the components of the project. This is then broken down into the time required to complete each task contributing to the completion of the project. Then there is cost which will typically be determined by the consultant or contractors hourly rate multiplied by an estimated
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accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
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2-Variable Inequality Here is an example of a problem very similar to the one in the Week Three Assignment: Catskills Hammock Company can obtain at most 2000 yards of striped canvas for making its full size and chair size hammocks. A full size hammock requires 10 yards of canvas and the chair size requires 5 yards of canvas. Write an inequality that limits the number of striped hammocks of each type which can be made. (b) First I must define what variables I will be using in my inequality
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