Marginal decisions are said to be made on the additional unit(s) under consideration.
A decision involving one extra unit of a specific product is referred to as a marginal decision. For instance, a consumer who is trying to decide how many apples to buy from the market weighs the marginal cost and marginal gain of doing so before making her decision.
The difference in total costs of production caused by creating or manufacturing one additional unit is known as the marginal cost in the terms of economics. The variation is divided in production costs by with the the variation found in the quantity by which marginal cost is determined.
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Most managers settle for a ____ rather than a(n) ____ solution.
satisficing; maximizing (maximizing all possible alternatives and choosing the best one)
Most managers settle for a satisficing rather than a maximizing solution.
Everything you need to know regarding a manager's responsibilities within an organization. Integrating all of an organization's activities is the manager's responsibility. In order to accomplish the organizational goals, he must coordinate the talents of those reporting to him.
The traditional model of decision-making is a strategic process that implies managers (decision-makers) have access to a wealth of information and are consequently capable of using that knowledge to make decisions. The administrative model of decision making, on the other hand, is a strategic process that makes the assumption that managers (decision makers) are typically rational in their choices and as a result, are willing to take into account important considerations, criteria, and a range of alternatives before making their choices.
In an organization, a manager's role is given significantly more weight than other executives' roles. As a result, managing people is an extremely difficult profession that calls for unique leadership skills.
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What is the smart goal step process?
The smart goal step process is a strategy used to create well-defined goals.
The smart goal step process involves five steps: setting a specific goal, making it measurable, setting an attainable goal, setting a realistic timeline, and tracking your progress. First, start by setting a specific goal. This goal should be clear and concise and should be something that you can achieve.
Next, make your goal measurable. This can be done by adding quantifiable data such as numbers or percentages. Third, make sure your goal is attainable. If you set your goal too high, it can be discouraging and you may be less likely to achieve it.
Fourth, set a realistic timeline for your goal. It should be achievable within a reasonable amount of time. Finally, you should track your progress.
This can be done through a variety of methods such as a spreadsheet or a journal. By using the smart goal step process, you can create well-defined goals that are specific, measurable, attainable, realistic, and trackable.
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What are the 3 main media for advertising?
Three Forms of Media Internet, broadcast media and printed media are widely used for advertising and communication.
What are the three forms of advertising?Print, television, outdoor signs, and digital media commercials are the four main categories of advertising media. Publications like magazines or newspapers often contain print ads. Newspaper ads are among the most affordable types of advertising.
What purpose does advertising media serve?A product, service, or brand is promoted and marketed via advertising media as part of a marketing strategy. Reaching out to potential customers, piquing their interest in the business, and delivering the messages required for them to purchase goods or services are the goals of this position.
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How much tax do you pay on a $1000 lottery ticket in NC?
Our lottery winnings will be subject to the same 5.25% tax in North Carolina as all other forms of income.
What is the lottery?The winning numbers in a lottery are chosen at random, making it a form of gambling.
While some governments outright prohibit lotteries, others are so in favor of them that they even hold a national or state lottery.
The prohibition on sales to minors is the most prevalent regulation, and stores require a license in order to sell lottery tickets.
In spite of the fact that lotteries were popular in the United States and a few other nations during the 19th century, by the start of the 20th century, the majority of gambling activities, including lotteries and sweepstakes, were prohibited in the United States, the majority of Europe, as well as a great number of other nations.
Our lottery wins will be taxed in North Carolina at a rate of 5.25%, the same as any other income.
Therefore, our lottery winnings will be subject to the same 5.25% tax in North Carolina as all other forms of income.
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If "too much choice" is a problem for consumers, it would occur in which market structure(s):
a. Perfect competition,
b. Monopoly,
c. Monopolistic competition,
d. Perfect competition and monopolistic competition.
If "too much choice" is a problem for consumers, it would occur in monopolistic competition market structure .
When several firms offer competing services or products that are similar but not perfect alternatives, monopolistic competition develops. In a monopolistic competitive industry, the barriers to entry are low, and the choices of any one business have little direct impact on its competitors. Pricing and marketing strategies help competing organizations differentiate themselves.
Monopolistic competition arises when several firms offer similar but not identical items. Monopolistic companies distinguish their products via price and marketing methods. In monopolistic competition, entry barriers, or the costs or other restrictions that prevent new rivals from joining an industry, are low. Monopolistic competition occurs between a monopoly or perfect competition, including features of both and includes firms with comparable, but not identical, product offers.
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why is determining your ""noodle budget"" so important if you have an irregular income?
A typical capacity planning process includes all of the following EXCEPT:
A. doing a capacity gap analysis B. identifying locations of capacity change initiatives C. forming a capacity planning team D. identifying alternative approaches to match supply with demand
Out of the choices provided, it may be said that the identification of alternate approaches to match the demand and the supply is not a forming part of the typical capacity planning process. Therefore, the option D holds true.
The capacity planning can be identified as a practice that involves basic and the foremost step of management related to ascertaining the ways in which a particular task related to the production ability is to be fulfilled within the limited resources that the organization has to its access.
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When should accruals be recorded?
Revenues and expenses are recorded as soon as transactions take place when using the accrual method of accounting. Contrary to the cash basis of accounting, which only reports transactions when actual cash exchanges hands, this procedure.
When do accruals need to be made?For any income received or expense incurred for which money has not yet been exchanged, accruals are required. Accruals offer valuable information regarding short-term credit extended to clients and upcoming obligations owed to lenders to financial statements, improving the quality of the information presented.
What is the accrual rule?According to the accrual principle, transactions must be documented in the period in which they take place, regardless of when the transaction's real cash flows are received.
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Which term best describes the tax on imports?
Answer:
Tariff
Explanation:
Tarrif- tax on imported goods
stock x makes up 50% of jordan's portfolio, and the portfolio has a return of 9.7%. how much of jordan's portfolio consists of stock y?
Jordan's portfolio consists of 40.3% stock Y.
Stock Y = 100 - Stock X - Return on the portfolio
Stock Y = 100 - 50 - 9.7
Stock Y = 40.3
Owning stocks, bonds, or other financial assets with the hope that they will generate income, increase in value over time, or both, constitutes a portfolio investment. Unlike direct investing, which would need an active management role, it comprises passive or hands-off ownership of assets. Two broad categories can be used to categorize portfolio investments: Purchasing financial assets with the goal of keeping onto them for a long period and selecting them based on their potential for long-term growth, income yield, or both. The tactical strategy necessitates active purchasing and selling in the pursuit of quick gains. When choosing a portfolio investment, your risk tolerance and time horizon are important considerations.
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The Walton family got a great deal on their new home. They bought it for $101,295, and it appraised at $187,000. Using an assessment ratio of 25%, what is the assessed value of their new home
In this case, $187,000 × 0.25 = $46,750. The assessed value is based on the appraised value of the home.
So while the amount their home appraised for was significantly higher than what they bought it for, they'll only be taxed on 25% of it. So while the amount their home appraised for was significantly advanced than what they bought it for, they'll only be tested on 25% of it. A property's estimated value at a certain period is known as its appraised value. A good reviewer performs the evaluation during the mortgage fabrication procedure. generally, the lender chooses the reviewer, but the borrower is responsible for paying for the valuation. The request value of a property or asset may differ from the rated value. The appraised valuation of a home is a pivotal element in the loan underwriting process and affects how important money may be borrowed and on what terms. For case, the loan- to- value( LTV) rate is grounded on the value determined by the appraisal.
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Assets with no physical form are O intangible assetsO current assets O not listed on the balance sheet because they have no value O included in owner's equity
Intangible property Intangible assets are assets that do not have a physical form. Intangible assets include goodwill, trademarks, copyrights, and patents. ii. Response: A worksheet is a document that is used to summarize data in order to prepare financial statements.
Intangible assets typically have a lifespan of more than a year. As a result, these assets are not considered current assets. These assets are instead classified as non-current assets and amortized over their useful lives. Intangible assets include software, patents, and goodwill that do not appear to be depleted within a year. As a result, they are classified as non-current assets. Intangible assets are recorded on the balance sheet of the company and are valued at cost less accumulated amortization and impairment. To be classified as an intangible asset, it must be distinct, identifiable, non-monetary, and devoid of physical existence. A separable asset is one that can be sold, transferred, or licensed separately. Sometimes an asset is not separable and must arise from a contractual right.
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__________ is a condition in which the price increases are slowing.
Answer:
Inflation is a condition in which the price increases are slowing.
Is there any benefit to life insurance?
It offers financial stability, aids in debt repayment, assists in covering living expenditures, and aids in covering any last or medical costs.
Describe life insurance.A binding agreement between you and your insurance provider is life insurance. Your insurance company provides a lump-sum payout, commonly known as a death benefit, to your chosen beneficiaries in exchange for monthly or annual premiums whenever you pass away. A life insurance agent or online are also options.
When deciding the scope and duration of your policy's coverage, take your financial status and long-term requirements into consideration. When they have children or obtain a mortgage, many people decide to purchase life insurance. But it's best to think about getting a life insurance policy each time your financial requirements alter.
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mike markel. technical communication, e-book --11th edition, bedford/st. martins, 2015
mike markel. technical communication, e-book --11th edition, bedford/st. martins, 2015They send data via a channel to a recipient, who must decode it to understand what it means.
The term can be used to refer to both the transmission of the message and the field of study known as communication studies that focuses on them. Regarding the precise definition of communication, there are some points of disagreement, like whether unintentional or unsuccessful transmissions are included and whether communication also generates meaning in addition to transmitting it. Communication models aim to provide a brief summary of its essential components and how they interact. They all share the idea that a source uses a coding system to communicate information as a message.
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A consumer is in equilibrium at point A in the diagram below. The price of good X is $5.
A consumer is in equilibrium at point A in the dia
A. What is the price of good Y?
$____________
B. What is the consumer's income?
$____________
C. At point A, how many units of good X does the consumer purchase?
_________ units
D. Suppose the budget line changes so that the consumer achieves a new equilibrium at point B. What change in the economic environment led to this new equilibrium?
a. The price of good X decreased to $2.50.
b. The price of good Y increased to $10.
c. The price of good Y decreased to $2.50.
d. The price of good X increased to $10.
E. Is the consumer better off or worse off as a result of the price change?
a. Better off
b. Worse off
Price of good Y is $5, b) Consumer's income is $100, c) A consumer consumes 10 units of good X .d) price of good Y decreased from $5 to $2.5 and e) indifference curve shifted above
A) Similarly, at point, the budget line touches the y-axis (0,20). It means that if a consumer spends all of his money on good Y, he can consume 20 units. As a result, the price of good Y is 100/20 = $5.
B) The above diagram shows that the consumer is initially at equilibrium at point A. Furthermore, the budget line intersects the x-axis at point (20,0). It means that if a consumer spends all of his money on good X, he can buy 20 units of good X. It is also assumed that the cost of good X is $5.
It means that Consumer's income is 20*5=$100
C) At point A, the consumer purchases ten units of good Y. And 10 units of good Y will set him back $50 (10*5). As a result, his remaining income is $50.With this, he can purchase 10 units of good X (50/5).
As a result, at point A, the consumer consumes 10 units of good X
D) The y-axis end of the budget line shifts upward while the x-axis end remains unchanged. Such a shift occurs when the price of good Y falls while income and the price of good X remain unchanged. At point, the budget line touches the y-axis (0,40). It means that if a consumer spends his entire income on good Y, he can consume 40 units of good Y. As a result, the price of good Y is 100/40= $2.5.
As a result, the price of good Y was reduced from $5 to $2.5.
E) The consumer's indifference curve has shifted upward as a result of price changes. And a higher indifference curve is always associated with a higher level of utility .The consumer is better off as a result of the price change.
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on average, since 1900 u.s. output has grown roughly ____ times faster than population growth.
On average, since the 1900 U.S. output has grown roughly 3 times faster than population growth.
What is population growth?Growth of a population's or dispersed group's size is referred to as population. Actual worldwide population growth is about 83 million people per year, or 1.1% annually. According to projections from the UN, the world's population will reach 8.6 billion people by the middle of the 2030s, 9.8 billion by the middle of the 2050s, and 11.2 billion by end of the 21st century. Since the Black Death, which ended about the year 1350, the human population has been increasing. Population expansion was accelerated by a combination of technological development that raised sanitation and agricultural output and medical innovation that decreased mortality. This has slowed in some areas due to a phenomenon known as the demographic transition, in which many countries with high standards of life have noticed a dramatic decrease in population growth.
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The supply curve displays the:
1) supply of the good in a table showing the different prices and their corresponding quantities supplied.
2) supply of the good in a graph showing the different prices and their corresponding quantities supplied.
3) quantity of the good producers are willing and able to supply at a variety of different prices over a fixed time else held constant.
4) units of the good suppliers are supplying today at the current price.
The supply curve displays the:1) supply of the good in a table showing the different prices and their corresponding quantities supplied.
Supply in economics refers to the quantity of a resource that companies, producers, employees, providers of financial assets, or other economic agents are willing and able to offer to the market or to a particular person. Supply can relate to anything that is in high demand or expensive, including manufactured goods, labor hours, raw materials, etc. A supply curve, with the amount supplied as a function of price on the horizontal axis and price per unit on the vertical axis, is a common visual representation of supply. Reversing the dependent and independent variables from their usual locations is a sad but typical behavior.The total amount supplied by all sellers, whether they are one seller or the market as a whole, is added to determine the market's overall supply curve.
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Why is it important for countries to export goods and services?
Exporting can be profitable for businesses of all sizes. On average, deals grow briskly, further jobs are created, and workers earn further than in non-exporting enterprises.
Competitive Advantage: The United States is known worldwide for high-quality, innovative goods and services, client service, and sound business practices. Exports are incredibly important to ultra-modern husbandry because they offer people and enterprises numerous further requests for their goods. One of the core functions of tactfulness and foreign policy between governments is to foster profitable trade, encouraging exports and significance for the benefit of all trading parties.
Essential Goods like oil and gold are priced only in dollars or gold. Hence all countries need dollars for their survival. Exporting is the only way to earn dollars. It's for this reason that exports are considered to be vital to the solvency of a nation.
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What happens during a stagflation?
When there is slow economic development, high unemployment, and rising prices all at once, this is known as stagflation. Stagflation, which economists formerly believed to be unthinkable, has regularly happened in the industrialized world since the 1970s.
Is stagflation more detrimental than recession?In contrast to a recession, which sees economic contraction and generally high unemployment but little concern over inflation, stagflation is typically defined as an economic cycle marked by consistently high inflation, high unemployment, and poor economic growth. In terms of economics, stagflation, sometimes known as recession-inflation, is a state in which unemployment is consistently high, the economy is growing slowly, and the inflation rate is high or rising. It creates a conundrum for economic policy because measures taken to reduce inflation may make unemployment worse.
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What is called principal amount?
The principal amount is the original sum of money that is borrowed in a loan or invested in a financial product. It is the amount on which interest is calculated.
For example, if you take out a loan of $10,000 and agree to pay back the loan with 5% interest per year, the principal amount is $10,000 and the interest is calculated based on that amount. If you are making payments on the loan, the principal amount is the remaining balance of the loan that has not yet been paid off. The principal amount is the main or primary sum of money that is involved in a financial transaction. It is usually the starting point for calculating interest or returns on an investment.
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because ________ are less liquid for the depositor than ________, they earn higher interest rates.A) money market deposit accounts; time deposits.B) checkable deposits; passbook savings.C) passbook savings; checkable deposits.D) passbook savings; time deposits.
Passbook savings are generally less liquid for the depositor than time deposits.
This means that the depositor can not pierce their finances as snappily or fluently as they can with a time deposit. As a result, fiscal institutions offer advanced interest rates on passbook savings in order to compensate for the lack of liquidity. For illustration, if a person deposits plutocrat into a passbook savings regard, they may not be suitable to withdraw the finances for a certain quantum of time or until a certain demand is met. still, this same person may be suitable to pierce their finances incontinently if they put the plutocrat into a time deposit account. Since passbook savings are less liquid for the depositor than time deposits, they earn advanced interest rates. This incentivizes people to save and invest their plutocrat, which helps to stimulate the frugality.
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If the price elasticity of demand for a good is 4, then a 12 percent decrease in price results in a OA 3 percent increase in the quantity demanded. OB. 30 percent increase in the quantity demanded. OC. 0.33 percent increase in the quantity demanded. OD.48 percent increase in the quantity demanded
If the price elasticity of demand for a good is 4, then 12 percent decrease in price results in a 30 percent increase in the quantity demanded.
What is price elasticity?The degree to which consumer behavior is influenced by price changes is known as price elasticity of demand. Economists use a method called price elasticity to examine how supply and demand for a product change in response to price changes. Similar to how demand is elastic, supply is elastic in terms of price. The relationship between a change in price and a change in supply is known as price elasticity of supply. It is calculated by deducting the percentage difference between the price and amount delivered changes. What things are produced and at what prices are determined by the interaction of the two elasticities. Economists claim that the pricing of some goods is particularly rigid.
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What is a component lifestyle? Does a component lifestyle make it easier or harder for marketing? Explain in detail your answer.
Component lifestyle refers to a situation where customers have multiple needs and are looking for a solution that can meet them.
What is Component lifestyle?Component lifestyle describes a situation in which customers are seeking a solution that can address a variety of needs. Marketing professionals have found it difficult to communicate with and comprehend the needs and interests of customers who live an independent lifestyle. Consumers' purchasing behaviors become more complex as a result of component lifestyles. The decision to create new instances is governed by the component lifestyle policy, despite the fact that the stereotypical student adopts a "student lifestyle". The Metro runtime supports three lifestyle policies. The lifestyle of the component determines the environments in which it can be used. It greatly facilitates marketing.To learn more about stereotypical refer to:
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Advertising can reduce economic efficiency when it
O increases entry barriers to entry of new firms in the industry, and leads to greater market power for incumbent firms.
O increases consumer awareness of substitute products.
O reduces brand loyalty.
O enables firms to achieve substantial economies of scale.
The correct response is a. increases entry barriers to entry of new firms in the industry, and leads to greater market power for incumbent firms.
Existing companies in a given market or sector are known as incumbent firms. Because of internal economies of scale and the advantages of having amassed a devoted customer base, they may have lower average costs than a challenger supplier or brand. For the provision of labour or of production machinery, equipment, and tools, the incumbent uses sharing platforms. The incumbent develops a full sharing business model that includes a value proposition that centers on a sharing service as well as parallel modifications to the user interface and organizational infrastructure. The term "incumbent" refers to a person who currently occupies a specific set of duties inside an office within a business or within a branch of the government. This individual is responsible for the position or office they hold because they are the incumbent.
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What is the best thing to do with matured savings bonds?
The best thing to do with matured savings bonds is to redeem them.
Once your bond matures, you can keep it, but you won't get any more interest. Savings bonds cannot be spent without being redeemed, thus from that perspective, the value of your bonds would be seen as "secure."
On the other side, if your bond isn't redeemed, you'll miss out on other opportunities to earn money. Holding a bond that earns nothing and is openly losing money to inflation every day doesn't make much sense with inflation as high as it is right now.
Last but not least, whether you redeem your bonds or not, you will be responsible for paying taxes on them when they mature. Include any earned interest that was previously unreported on your tax return for the year of maturity.
If you don't, you risk incurring a tax underpayment fine. Hence, the best option is to redeem them.
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You live in a town with 300 adults and 200 children, and you are thinking about putting on a play to entertain your neighbors and make some money. A play has a fixed cost of $2,000, but selling an extra ticket has zero marginal cost. Here are the demand schedules for your two types of customer:.
The cost that results from altering the production cost by creating one extra unit of production is known as the marginal cost. Because of the level of sacrifice, the negligible cost is calculated.
Does additional imply addition?more; additional; extra The word "extra" is defined as something that has been added on or in addition to. When more of the spice needs to be added to a pie, for instance, it is an application of the phrase additional in action. additional or supplementary to something.
What are the three words for addition?Total, total number, addition-sum, all, in all, collectively, up, up, up, up, up, up, up, up, up, up, up, up, up, up, up, up, up, up, up more than, subtract, less than, reduce by, and less than by way of subtraction.
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When an F plasmid acts as the donor in a mating, which of the following do(es) not happen? a. Some chromosomal genes not on the plasmid are transferred. b. The recipient becomes F c. all of the choices d. The plasmid is transferred, including the chromosomal genes now on the plasmid.
Option d is correct. Plasmids are transferred into plasmids containing chromosomal genes.
When the F plasmid sequences are integrated into the bacterial chromosome, the cell is called her Hfr cell (radio frequency recombination). DNA transferred by binding is not a double helix. Rather, it is a single-stranded molecule. During this process, DNA plasmids are transferred from one bacterium (donor) to another (recipient) of the mating pair via pili. During transduction, donor DNA packaged into bacteriophages infects recipient bacteria. In conjugation, the donor bacterium transfers DNA to the recipient through mating.
Transduction involves the transfer of chromosomal DNA fragments or plasmids from one bacterium to another by bacteriophages. Conjugation is the transfer of DNA from a living donor bacterium to a living recipient bacterium through cell-to-cell contact.
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a(n) ____ is a target, objective, or result that someone tries to accomplish.
A goal is a target, objective, or result that someone tries to accomplish.
The basic economic, social, and environmental results that a jurisdiction is seeking to attain via its operations across all sectors are described in goals, which are statements that explain those objectives. The attainment of the objectives is supported by targets, which are precise intended results.
Goals are therefore social or overall governmental ends. They sit above transportation and are not related to it. At the highest level of planning, such as network, city, or region, goals are established that are based on strategic plans and vision papers for the whole government. The creation of transportation initiatives does not include the setting of objectives. Instead, they take place long before and drive the selection of transportation projects. Focus should be placed on assessing how a transportation reform or investment will contribute to these goals when making judgments regarding them.
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efficiency means our economic pie is divided into equal slices.
a. true
b. false
False. Efficiency means our economic pie is divided into equal slices.
What is economic pie?
The phrase "economic pie" is frequently used to refer to the size of the economy. Economists and others keep tabs on how the economic pie is expanding over time. In this case, the phrase "slices of the pie" refer to how each person contributes to the overall economy and changes in its size. Growing the Pie is a hypothesis that contends that free market economics enhances everyone's level of living by increasing the size of each slice of the pie. According to this argument, expanding the pie is preferable to redistribute it through a centrally planned economy. It is customary to split material economies into two sectors: public and private, and then into enterprises and households within the private sector.
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