Answer: A coffee shop that also sells pastries would be a secondary competitor for a bakery that sells pastries, among other products.
(took the test)
Answer:
c, I think
Explanation:
because if it is to convince the public to purchase the goods and services, then it would be the production of the goods and services.
Sorry, I don't know if this is correct or not, but I hope this answered your question. Have a nice day! ^ ^
Answer:
The correct answer is letter "A": positive externalities.
Explanation:
An Externality is a cost or benefit incurred or received by a third party who has no control over the factors that created the cost or benefit. Positive externalities occur when both at the private and social levels have a positive benefit from the consumption or production of a good.
Answer:
The consumer surplus in the market for gasoline is $250 million
Explanation:
Consuemr Surplus
It is the difference between the consumer is willing to pay for the commodity and the actual market price.
The consumer surplus can be calculated as follow
Consumer Surplus = 0.50 x ( Maximum Price - Market Price ) x Quantity
Where
Maximum Price = $6.00
Market Price = $3.50
Quantity = 200 million gallons
Placing values in the formula
Consumer Surplus = 0.50 x ( $6.00 - $3.50 ) x 200
Consumer Surplus = $250 million
Note: The graph in the question was missing, it is attached for your reference.
Knowledge, skills, automation and techniques are<u> "Resources in ORM".</u>
The term operational risk management (ORM) is characterized as a persistent cyclic process which incorporates chance appraisal, chance basic leadership, and usage of hazard controls, which results in acknowledgment, relief, or evasion of hazard. ORM is the oversight of operational hazard, including the danger of misfortune coming about because of deficient or fizzled inner procedures and frameworks; human components; or outside occasions.
