Answer &Explanation:
Firms in monopolist competition maximize profits where the marginal revenue (MR) equals marginal cost (MC). If some firms are experiencing losses in the short-run then, the long run average cost (LRAC) at MC=MR is higher than the price at that same point (gains or losses are the difference between the LRAC and the price). What would happen in the long run is that some firms will leave the market and the new equilibrium would be where the LRAC equals the price and there would be no gains or losses.
Answer:
Some of the characteristics of successful leaders are that they must be able to direct, guide and commit their employees. In this example, Barbara is just doing that, she is telling her employees what will be done in a way that they both agree upon and believe it is a good option.
She was able to stop an argument that could eventually lead to more serious problems within the organization and provided a solution that satisfied both parties.
Answer:
Determinants of demand are price of product, price of other products, population, income, etc.
Determinants of supply are price of the product, number of producers, cost of resources, technology etc.
A rightward shift in the demand curve causes price and output level to increase. While a leftward shift contributes to a decline in the price and output level.
A rightward shift in the supply curve causes price to fall and output level to increase. A leftward shift on the other hand causes price to increase and output level to fall.
Explanation:
Other things being constant, the demand and supply both are determined by the price of the commodity. The demand for a product is inversely related to its price. While on the contrary, the supply of a product is directly related to price.
Other than price, demand is affected by a change in income, population, price of other goods, consumers tastes and preferences. Supply is affected by the cost of production including the cost of fixed and variable inputs such as wages, price of raw materials, etc. Other determinants of supply are taxes and subsidies, technology, number of producers, etc.
A rightward shift in the demand curve causes price and output level to increase. While a leftward shift contributes to a decline in the price and output level.
A rightward shift in the supply curve causes the price to fall and output level to increase. A leftward shift, on the other hand, causes the price to increase and output level to fall.
Answer:
Price, product, price of other product, population, income, etc.
Explanation:
b.the globalization of markets.
c.exporting.
d.foreign direct investment.
e.international trade.
Answer:
Foreign Direct Investment
Explanation:
If Savvy Skin Care, is a U.S.-based beauty products manufacturer and has set up a manufacturing plant in Hong Kong. This is an example of Foreign Direct Investment.
Foreign Direct Investment (FDI) is when an a firm or individual in one country makes investment into business interests in another country.
In the scenario above, Savvy Skin Care is a firm in the U.S. but is making investments in pursuit of business in another country. This is an exact example of Foreign Direct Investments
Answer:
C Too much currency in an economic system will cause inflation