The answer is 0.75.
When taking the compliment, remember it is always of the form :
<u>1 - p'(x) or 1 - p(x)</u>
Hence,
Answer:
cash is one example of a physical capital
When marginal profit turns negative, producing more output will decrease total profits. Total profit is maximized where marginal revenue equals marginal cost. In this example, maximum profit occurs at 4 units of output.
Answer:
rivalry among existing competitors
Explanation:
The Porters' 5 forces is used to analyse the competitiveness among firms in an industry.
Porter's 5 forces include :
- Competition in the industry : the higher the number of companies in the industry, the lower the power an individual firm possesses. For example, if an industry increases it price, a consumer can easily shift to the consumption of substitutes
- Potential of new entrants into the industry : If there are low barriers to entry in an industry, firms in the industry experience greater competition
-
Power of suppliers : the higher the number of suppliers in the industry, the higher the bargaining power of firms in the industry and the greater the power they possess
- Power of customers : the larger the number of customers, the greater the power firms possess
-
Threat of substitute product : if there are little or no substitutes for the goods produced by companies, the greater the power the firms possess
Answer: The correct answer is "a. the dollar will depreciate and the peso will appreciate.".
Explanation: If the inflation rate in the United States rises relative to the inflation rate in Mexico, it follows that the dollar will depreciate and the peso will appreciate.
As inflation in the United States is higher, the dollar is affected by a loss of purchasing power, therefore it depreciates with respect to the Mexican peso.
