explain what will happen to the market supply curve, the equilibrium price, and the equilibrium quantity of the good or service that you sell if the principal resource used to produce it becomes extremely scarce

Without further information, it is difficult to determine the unique competitive threat acting as a substitute but acting more like a rival to Missouri State University. However, based on Porter's Five Forces model, some potential substitutes that could pose a competitive threat to the university could include:

1. Online learning platforms:

As online education becomes increasingly popular, students may opt to take classes online from other universities or online learning platforms, rather than attending Missouri State University.

2. Community colleges:

Community colleges can offer affordable education options for students looking to obtain a degree or take classes without incurring large amounts of debt. Students may choose to attend community college first before transferring to Missouri State University, or they may opt to complete their degree at a community college rather than attending a four-year institution.

3. Vocational schools:

For students who are interested in pursuing vocational or technical careers, vocational schools can offer specialized training and education that Missouri State University may not provide. This could be a potential substitute for students who are not interested in pursuing a traditional four-year degree.

4. Alternative forms of education:

Alternative forms of education, such as apprenticeships or online certification programs, can provide students with the skills and knowledge necessary for their desired careers without attending a traditional university.

It's important to note that these potential substitutes may not necessarily be unique to Missouri State University and may be threats to other universities as well. The key to maintaining competitiveness in the face of these threats is for Missouri State University to identify and leverage its unique strengths and competitive advantages.

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The excess reserves held by the banks are $200, and the increase in the amount of loans after lending out the excess reserves is $1,000.

(a) The required reserve ratio is 20%, which means that banks must hold 20% of deposits as reserves. In this case, total deposits are $4,000, so banks must hold $800 (20% of $4,000) in reserves. However, they are holding $1,000 in reserves, which means they have excess reserves of $200.

(b) Banks can lend out their excess reserves, which will increase the amount of loans they hold. The maximum increase in loans is determined by the money multiplier, which is the inverse of the reserve ratio. In this case, the reserve ratio is 20%, so the money multiplier is 1/0.2 = 5.

The amount of loans that can be created by the excess reserves is:

Excess reserves x money multiplier = $200 x 5 = $1,000

Therefore, the increase in the amount of loans after lending out the excess reserves is $1,000.

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An effective/binding price ceiling would be set at $10 per hour if the equilibrium wage is $10 per hour.

A price ceiling is a government-imposed limit on the price that can be charged for a good or service. It is typically set below the market equilibrium price, with the intention of making the good or service more affordable to consumers, especially those with low incomes. Price ceilings are most commonly used for basic necessities such as housing, utilities, and food. For example, rent control is a form of price ceiling that limits the amount a landlord can charge for rent on a property. While price ceilings may make goods and services more affordable for consumers, they can also create shortages and reduce the quality of the goods and services available. When the price ceiling is set below the market equilibrium price, there is excess demand for the good or service, which can lead to long waiting lists, rationing, and a black market. In addition, suppliers may reduce the quality of the goods or services they offer, since they cannot raise prices to cover the cost of producing high-quality products.

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The economic law that states savings and production must occur before consumption is called the "Say's Law," also known as "Say's Law of Markets."

Say's Law is named after the French economist Jean-Baptiste Say, who first proposed it in the early 19th century. According to Say's Law, the production of goods and services generates income, which in turn creates demand for those goods and services.

In other words, supply creates its own demand. Say argued that in a well-functioning market economy, the act of producing goods and services creates income for producers, which they can then use to consume or save.

This view suggests that production and savings are necessary prerequisites for consumption and economic growth. It's worth noting that Say's Law has been subject to debate among economists, and its applicability in different economic contexts has been a topic of discussion.

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According to the information provided, the racing bicycle's overhead costs $2,960 per unit. The phrase "overhead" refers to a company's ongoing costs that aren't directly related to providing a good or service.

Knowing how much a business must charge for its goods or services in order to turn a profit is crucial for pricing and budgeting purposes. Overhead is the aggregate term for costs that are incurred to support the business but are not directly connected to a good or service.

No of how many goods or services a company sells, overhead must always be paid on time. The price of labour per hour of overhead is as follows: Each racing bicycle unit's overhead is calculated as follows: Total Estimated OH/Estimated Direct Labour Hour = $296 per DLH Overhead for the entire project: Direct labour hour cost per unit multiplied by the overhead cost per DLH (10 x $296) equals $2,960 for each unit of racing bicycles. As a result, the data shows that the overhead cost per unit for the racing bicycle is $2,960.

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The overhead cost per unit is  ($77 x 10)= $770

1. To compute a single plantwide overhead rate, we need to divide the total budgeted overhead costs by the total budgeted activity level. In this case, the total budgeted overhead costs are $770,000, and the total budgeted activity level is 10,000 direct labor hours. Therefore, the plantwide overhead rate is $77 per direct labor hour.

2. To calculate the overhead cost per unit for each model, we need to multiply the overhead rate by the number of direct labor hours required for each model. For the standard model, the overhead cost per unit is $385 ($77 x 5). For the fast model, the overhead cost per unit is $770 ($77 x 10).

This means that the fast model incurs twice as much overhead cost per unit as the standard model due to the fact that it requires twice as much direct labor hours. This information is useful for the company when determining pricing strategies for their products.

It is important to note that plantwide overhead rate allocation is a simplified method of costing and may not accurately reflect the actual costs incurred by each activity or product. Activity-based costing (ABC) is a more accurate method of allocating overhead costs as it considers the specific activities and drivers that contribute to each product's overhead cost. However, plantwide overhead rate allocation is still useful for quick cost estimations and decision-making purposes.

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The salvage value should be based on the expected market value at the end of the project.

This value should be used to calculate the terminal cash flows. It is important to note that any taxes incurred on the difference between the salvage value and the book value should also be taken into account when calculating the expected market value.

Therefore, the correct answer would be to use the expected market value less the taxes incurred on the difference between the salvage value and the book value.

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If a company is pursuing a strategy to produce branded footwear at a low total production cost relative to rival companies, then it should regularly review the production cost benchmarking data on p. 6 of each issue of the Footwear Industry Report to determine whether it has achieved the lowest possible total branded costs per pair sold in each geographic region.

This will help the company to identify areas where it can further reduce production costs and improve its competitiveness in the market. By comparing its production costs with those of its rivals, the company can determine whether its efforts to achieve low total production costs per branded pair have been more or less successful than other companies pursuing the same goal.

By focusing on reducing production costs per pair sold, the company can improve its profit margins and better compete on price with other companies in the market. It may also be able to offer its branded footwear at a lower price point than its competitors, which can help to attract more customers and increase market share.

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All of following are "potential-advantages" of "de-centralization" EXCEPT (c) Potential duplication of costs.

Decentralization is defined as the process of delegating decision-making authority and responsibility from a central or top level of an organization to lower-level managers or departments within the organization.

The organization is distributing decision-making power to lower levels, allowing them to make decisions and handle day-to-day operations independently.

This can have potential advantages such as freeing up top management's time, encouraging the use of local or export knowledge, and providing training opportunities for lower-level managers. The potential duplication of cost is considered as a disadvantage.

Therefore, the correct option is (c).

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To determine how long it takes Jen Industries to collect on its sales, we need to calculate the average accounts receivable turnover, which is the number of times per year that the company collects its average accounts receivable balance.

To do this, we first need to calculate the average accounts receivable balance: Average accounts receivable = (0.8 million per day) x (365 days per year) = $292 million Next, we can calculate the accounts receivable turnover:
Accounts receivable turnover = Sales / Average accounts receivable Accounts receivable turnover = $32 million / $292 million = 0.1096

Finally, to determine how long it takes to collect on its sales, we can divide the number of days in a year by the accounts receivable turnover: Days to collect on sales = 365 / Accounts receivable turnover
Days to collect on sales = 365 / 0.1096 = 3,330.58. Therefore, on average, it takes Jen Industries approximately 3,331 days (or just over 9 years) to collect on its sales.
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Due to the Statute of Frauds, certain contracts must be in writing in order to be upheld in court. True

This includes contracts for the sale of goods over a certain value, contracts for the transfer of real property, and contracts that cannot be performed within one year. While many people assume that the Statute of Frauds requires a handwritten signature on the written contract, this is not necessarily the case.

Any form of identification that signifies the party's assent to the terms of the contract may be sufficient, such as an electronic signature or a stamp with the party's name. Ultimately, the key is to have a written record that clearly shows the agreement between the parties.

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A company has a dividend payout ratio of 35 percent expected growth rate is defined in this policy as having met the requirement that students perform, on average, as well in their current grade. The correct answer is e 9.75%.

Content as was typical for the same student in previous grades or contents when using the change scale to compare and allowing for a factor of regression to the mean.

To calculate growth rates, divide the difference between the starting and ending values for the period under study by the starting value. A dividend investor would regard a range of 35% to 55% to be healthy and appropriate. If a corporation is anticipated to release around half of its earnings as dividends, it is well-established and a leader in its sector.

ROE =15% = 0.15

Pay out Ratio = 35%.= 0.35

Growth= ROE x (1 - payout ratio).

=15 (1-0.35) = 0.0975 = 9.75 %

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The lowest price at which a firm will produce an output is the price at minimum average variable cost (AVC) because at this price, its loss equals total fixed cost (TFC). So the correct answer is option d).

A firm produces goods with the purpose of maximizing profit or minimizing loss. When deciding whether to produce, a firm considers its costs, which are divided into fixed costs and variable costs. Fixed costs are expenses that do not change with the level of production, such as rent or machinery. Variable costs, on the other hand, vary depending on the level of production, such as labor or raw materials.

In the short run, the firm has to cover its variable costs to continue production. If the price of a product is lower than the average variable cost, the firm will not be able to cover its variable costs, resulting in even greater losses than by just incurring the fixed costs. Therefore, the firm will stop production and minimize its losses by only incurring fixed costs.

At the minimum average variable cost, the firm's loss equals its total fixed cost, and it can cover all its variable costs. In this situation, the firm will continue to produce since it can minimize its losses by covering the variable costs and contributing towards the fixed costs. Thus, the lowest price at which a firm will produce an output is the price at minimum average variable cost because at this price, its loss equals total fixed cost.

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Physical system specificationsis/are the final output from the analysis phase.

In the software development life cycle (SDLC), the analysis phase is where the system requirements are gathered and analyzed to determine the scope of the project. The final output of this phase is typically a set of functional specifications that describe the system's requirements in detail. This may include data flow diagrams, use cases, and other documentation that outlines the inputs, processing, and outputs of the system. These specifications are used in the subsequent design phase to create a detailed plan for building the system.

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True, the Korean government's policy of imposing a 500 KRW tax on each liter of gasoline sold is likely to be very effective in cutting gasoline consumption, particularly in the short run.

Here's how it can be explained with a demand-supply diagram:

In the short run, the demand for gasoline tends to be inelastic, meaning that a change in price has a relatively small effect on the quantity demanded. This is because people have limited short-run alternatives to gasoline as a means of transportation, so they will continue to purchase gasoline even if the price increases. Therefore, the demand curve for gasoline in the short run is relatively steep.

On the other hand, the supply of gasoline is relatively inelastic in both the short run and the long run. This is because it takes time and investment to develop and bring new sources of energy to the market, such as electric or hybrid vehicles. Therefore, the supply curve for gasoline is relatively steep in both the short and long run.

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Therefore, the spending variance for administrative expenses for last month was $17,968.80. This means that the clinic spent $17,968.80 more than what was budgeted for administrative expenses based on the actual level of activity.

Budgeted administrative expenses = (Budgeted patient-visits x Cost per patient-visit) + Fixed administrative expenses
Budgeted administrative expenses = (1,060 x $3.00) + $17,000
Budgeted administrative expenses = $20,780
Actual cost per patient-visit = Actual administrative expenses / Actual patient-visits
Actual cost per patient-visit = $19,300 / 1,050
Actual cost per patient-visit = $18.38

Actual administrative expenses = (Budgeted patient-visits x Actual cost per patient-visit) + Fixed administrative expenses
Actual administrative expenses = (1,060 x $18.38) + $17,000
Actual administrative expenses = $38,748.80
Spending variance = Actual administrative expenses - Budgeted administrative expenses
Spending variance = $38,748.80 - $20,780
Spending variance = $17,968.80
The spending variance could be attributed to various factors such as unexpected increase in the cost of supplies or higher salaries for administrative staff. The clinic should analyze the spending variance and take corrective actions to control costs in the future.

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False. Items whose demand is based on other products are best suited for the EOQ model.

Economic order quantity is a measure that depicts the appropriate order amount to keep expenses down for the company. Businesses of all sizes and types that order and retain inventory can benefit from using the economic order quantity formula.

All of the aforementioned claims are true. As Ordering Cost is truly present on top, if it were to gradually double, the Economic Order Quantity would eventually rise. The Economic Order Quantity would then increase if the Yearly Demand eventually doubled.

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The situation described is an example of barter trade, which involves the exchange of goods or services for other goods or services, without the use of money.

In this case, General Electric agreed to take payment for the generator project in the form of Romanian goods, rather than cash. This allowed Romania to pay for the project using goods that it produced, rather than using foreign currency, which could have been more difficult or expensive to obtain. General Electric, in turn, would be able to sell these goods on international markets, generating revenue that could be used to offset the cost of the project.The agreement between General Electric and Romania is an example of barter trade, where goods or services are exchanged directly without using money as a medium of exchange. In this case, General Electric agreed to accept payment for their work in the form of Romanian goods that they could sell in international markets for an amount equivalent to the value of the contract. Barter trade is often used when currency is not readily available or when parties involved do not have confidence in the value of the currency. It can also be used as a means of avoiding currency exchange fees or as a way to offset trade imbalances.

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Answer:
In this scenario, imagine having to schedule and prepare three events:

i) A business conference,

ii) A charity fundraiser, and

iii) A team-building workshop.

The following steps would be taken:

1. Identify and estimate the deadlines: Determine when each event needs to be organized, to be fully prepared and scheduled, allowing enough time for attendees to be informed.

2. Create a master calendar: Compile a list of important dates for each event, to manage important tasks such as venue bookings, guest speaker confirmations, and promotional deadlines. This will help you visualize and manage overlapping tasks.

3. Prioritize tasks: Identify which tasks are most crucial for the success of each event and allocate your time and resources accordingly.

4. Delegation of responsibilities: Assign specific tasks to team members based on their skills and expertise, ensuring that everyone is aware of their responsibilities and accountabilities.

5. Effective Communication: Hold regular meetings with your team to monitor progress, address any challenges, and adjust plans as required.

6. Utilize tools and resources: Use project management tools, such as Trello or Asana, to keep track of tasks, deadlines, and team members' progress.

By following above mentioned steps, one can effectively schedule and prepare multiple events simultaneously while minimizing potential challenges and conflicts.

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His 2019 deduction for self-employment tax is $15,300. Therefore the answer is D) $15,300.

Tax is a financial charge imposed by a government or other authority on income, goods, services, or activities. It is a mandatory payment that individuals, businesses, and other entities must make to the government, typically based on their income, property, or other factors that are subject to taxation. The deduction for self-employment tax is calculated by multiplying the net profit from the Schedule C by the self-employment tax rate. The self-employment tax rate for 2019 is 15.3%, which is made up of 12.4% for Social Security and 2.9% for Medicare.

Therefore, the deduction for self-employment tax for Frank in 2019 would be:

$100,000 x 0.153 = $15,300

Answer: D) $15,300

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The Bertrand model is an economic model that assumes perfect competition between firms in a market. One of the fundamental assumptions of the Bertrand model is that firms compete on price, rather than product differentiation or other factors.

In the Bertrand model, each firm assumes that its competitor will maintain its current market share and sets its price accordingly. If a firm sets its price higher than its competitor, it will lose market share and will be forced to lower its price. Conversely, if a firm sets its price lower than its competitor, it will gain market share and may be able to maintain its price.

This assumption is based on the idea that consumers are rational and will always choose the product with the lowest price, all other things being equal. Therefore, firms in the Bertrand model engage in a price war, with each firm trying to undercut the other to gain market share. This assumption leads to the conclusion that in a Bertrand duopoly, prices will be driven down to marginal cost, which is the minimum price at which a firm can produce and sell its product and still cover its costs.

Overall, the fundamental assumption of the Bertrand model is that firms set prices strategically, taking into account the prices set by their competitors. This assumption leads to the conclusion that in a Bertrand duopoly, prices will be driven down to marginal cost, resulting in lower profits for both firms.

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In the event that a bank or other financial institution goes bankrupt or is unable to fulfil its responsibilities, depositors are guaranteed a set amount of money under a system known as deposit insurance by the government.

Customers of a financial institution who have funds on deposit are known as depositors. The money deposited can be in the form of cash, securities, or other assets, and the depositors can be people, companies, or other organisations. Depositors typically receive some kind of protection from the financial institution they are transacting with.

This can include protections offered by other governmental organisations, the stability of the financial institution itself, or insurance on US deposits provided by the Federal Deposit Insurance Corporation (FDIC). Depositors are reassured that their money is safe even in the event of a bank failure, which promotes confidence in the banking system.

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When a producer of joint goods refuses to sell all of one good, the producer may need to destroy some of the low-demand good or find alternative ways to utilize or dispose of it. This is because joint goods are often produced simultaneously, and disposing of the less popular good can be necessary to maintain market balance and profitability.

When a producer of joint goods refuses to sell all of one good, the producer may have to allocate the goods among the buyers. This could result in the producer having excess inventory of the low-demand good that they are unable to sell. In this case, the producer may have to choose to either reduce the price of the low-demand good to increase its demand or potentially destroy some of the excess inventory in order to free up storage space and avoid losses from storing unsold goods.

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The statement that "in the absence of network effects, the value of a product or service increases as the number of users grows" is false.

Network effects refer to the phenomenon where the value of a product or service increases as more users join the network or use the product. This is because the product becomes more useful, and in some cases, indispensable, as more users adopt it.

For instance, the value of a social media platform or a messaging app increases as more people join since there are more connections and interactions to be made.

Without network effects, the value of a product or service typically relies on its inherent features, quality, and benefits, rather than the number of users. The value of a product or service may not increase as the number of users grows, and it may even decrease if there is a strain on resources or a decrease in quality due to increased demand.

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Donald Trump served as the 45th President of the United States from 2017 to 2021. During this time, he filed his state tax returns in the state of New York. This change was primarily for tax-related reasons, as Florida has more favorable tax laws compared to New York.

Nevertheless, for the majority of his time in office, Trump filed his state tax returns in New York.

Trump has had long-standing connections to New York, with his business headquarters and primary residence located in the Trump Tower in Manhattan. However, in late 2019, he announced that he would be changing his primary residence to Florida, specifically to his Mar-a-Lago estate in Palm Beach.

This change was primarily for tax-related reasons, as Florida has more favorable tax laws compared to New York. Nevertheless, for the majority of his time in office, Trump filed his state tax returns in New York.

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The Association of Southeast Asian Nations (ASEAN) plays a crucial role in managing and resolving conflicts between superpowers like the United States, China, and Japan in the region.

ASEAN has been instrumental in promoting regional cooperation, economic integration, and diplomatic dialogue among its member states, which includes Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

In the context of the superpowers' conflict in the region, ASEAN's role should be to promote peace, stability, and mutual cooperation among its member states and with external powers. ASEAN should encourage all parties to abide by international laws and norms, such as the United Nations Convention on the Law of the Sea (UNCLOS), and to resolve disputes through peaceful means, including negotiation and mediation.

ASEAN should also work towards building trust and confidence among all parties, by promoting people-to-people exchanges, cultural diplomacy, and economic cooperation. It should encourage the superpowers to pursue constructive engagement and dialogue, and to avoid any actions that may escalate tensions or lead to military conflict.

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Walmart's goal of achieving zero waste seems to fit the company's culture better than renewable energy goals and greener products for several reasons:

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The given statement “Growth companies are those firms that consistently earn higher rates of return by assuming greater amounts of risk” is  false. because Growth companies are firms that are expected to grow their earnings at an above-average rate compared to the overall market.

These companies typically reinvest their earnings into expanding their business, developing new products, entering new markets, or making acquisitions to support their growth objectives.

While growth companies may assume some level of risk in pursuit of higher growth, it is not accurate to say that they consistently earn higher rates of return by assuming greater amounts of risk.

It's important to note that risk and return are related concepts in finance. Generally, higher returns are expected to come with higher levels of risk, as investors require compensation for taking on additional risk.

Therefore, it would be incorrect to make a blanket statement that growth companies consistently earn higher rates of return by assuming greater amounts of risk without considering the specific circumstances of each company and its risk-return profile.

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If the Fed raises its target rate, the economy may experience a decrease in GDP, a lower price level, and reduced employment levels according to the AS/AD model.

Using the AS/AD model, if the Federal Reserve (Fed) raises its target interest rate, it will have the following effects on the economy, assuming it begins in the intermediate region of the Aggregate Supply (AS) curve:

1. GDP: When the Fed raises the target rate, borrowing becomes more expensive, leading to a decrease in investment and consumer spending. This causes a reduction in Aggregate Demand (AD). In the AS/AD model, the AD curve shifts to the left, leading to a lower equilibrium GDP.

2. Price Level: With the decrease in AD, the equilibrium point in the AS/AD model moves down along the intermediate region of the AS curve, which indicates a lower price level.

3. Employment: As GDP decreases, businesses may experience reduced demand for their products and services, leading them to cut back on production. This reduction in production may result in lower employment levels, as companies lay off workers or reduce hiring.

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The table provides us with the final value, reduced cost, objective coefficient, allowable increase, allowable decrease, and the optimal solution for each product.

Looking at the table, we can see that all products have a reduced cost of 0, meaning that any increase in the profit of a product will not affect the optimal solution. However, the objective coefficient and allowable increase/decrease values provide insight into which product has more flexibility.

Product Z1 has the highest objective coefficient at 5, meaning that an increase in its profit will have the greatest impact on the total sales profits. Additionally, it has an allowable increase of 3, which is the highest among all the products. This means that the manager has more flexibility in increasing the profit of product Z1 while still staying within the current optimal solution.

Product Z2 also has a high objective coefficient and an allowable increase of 0.5, making it the second-best option for the manager to increase profit while maintaining the optimal solution.

Product Z3 and Z4 have lower objective coefficients and allowable increases/decreases, indicating that the manager has less flexibility in increasing their profits without affecting the optimal solution.

In conclusion, the manager has more flexibility in increasing the profit of product Z1 while staying at the current optimal solution. However, it is important to consider other factors such as production costs and market demand before making any changes to the sales strategy.

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Option d: Labor markets  are the external supply pool from/through which organizations attract prospective employees.

The supply and demand of labor, where workers provide supply and employers provide demand, is also known as the labor market. It is an integral part of any economy and is closely linked to markets for capital, goods and services.

It is important to look at the labor market from both macro and micro perspectives. Two major macroeconomic indicators are the labor productivity rate and the unemployment rate. Two important microeconomic indicators are working hours and personal salaries. The U.S. Bureau of Labor Statistics compiles comprehensive data on the federal, state and local labor markets.

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Complete Question:

____ are the external supply pool from which organizations attract prospective employees.

a. The ranks of the unemployed

b. Applicant populations

c. Applicant pools

d. Labor markets