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son4ous [18]
2 years ago
13

Drawing a vertical line from the profit-maximizing output on horizontal axis to the demand curve represents the:_______

Business
1 answer:
kolbaska11 [484]2 years ago
4 0

Drawing a vertical line from the profit-maximizing output on the horizontal axis to the demand curve represents the:<u> price</u>.

A demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded over a period of time. In a typical representation, price is displayed on the left vertical axis and quantity demanded is displayed on the horizontal axis.

The demand curve descends from left to right. This represents the law of demand. If the price of a particular commodity increase, the quantity demanded will decrease, all other things being equal.

Note that this phrasing implies that price is the independent variable and quantity is the dependent variable. In most fields, the independent variable appears on the horizontal or x-axis, but economics is an exception to this rule.

Learn more about the Demand curve here : brainly.com/question/1139186

#SPJ4

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Jack works hard on his projects as his manager promises him a salary increase on successful completion of the project. jack's ha
DIA [1.3K]

Extrinsic motivation

 Extrinsic motivation is defined as behavior that is motivated by external factors outside an individual such as rewards, fame, attention or praise. Therefore, if Jack’s motivation for successfully completing a project is a salary raise and more, he is externally motivated. He is motivated to do well largely by the external factor, money, rather than intrinsic factors such as a sense of achievement and pride.

7 0
4 years ago
Which of the following correctly explains how banks began in Italy and England? a. Monarchs were the first bankers, lending out
Artyom0805 [142]

Answer:

Goldsmiths were the first bankers, and the paper receipts they issued for gold held on deposit became valued as money.

Explanation:

Italian goldsmiths were the first bankers in the world, even the name bank derives from the Italian "banca". Since they had safe vaults, they kept the gold savings from their rich clients, and they started to lend money to other people who needed it. They developed the fractional reserve system because they were able to actually lend more money than the amount of gold that they had in their vaults.

London goldsmiths followed a similar path and they added their own inventions, the check or "cheques" and money transfers.

8 0
4 years ago
Fill in the price and the total, marginal, and average revenue Vesoro earns when it produces 0, 1, 2, or 3 boxes each day. Quant
Tems11 [23]

Answer:

Demand Curve is same as Average Revenue (AR) curve.

Total Revenue, Marginal Revenue, Average Revenue have been solved below

Explanation:

The demand curve that Vesoro faces is identical to 'Average Revenue' <u>curve</u>. As, AR curve represents average price (P) buyers are willing to pay for a quantity of a commodity.

Average Revenue (AR) is total revenue (TR) per unit quantity. AR = TR/ Q. Total Revenue is the total revenue for all quantities, TR = P x Q

So, Average Revenue = (P x Q) / Q = P ie price. This states that average price willingness to pay is same as AR, demand curve is AR curve.

Assuming perfect competition constant price = $5

Q    P    TR= PxQ   AR= TR /Q   MR (marginal revenue = TRn -TRn-1)

0     5         0                 0                _

1     5          5               5                5

2     5         10              5                5

3     5         15              5                5

7 0
3 years ago
What are the pro's and cons of the internet in a medical office
Kruka [31]
From what you are saying, you are asking the pros and cons of having internet in a medical office and not using the internet for medical advice. But here are really the only reasons that I can think of:

Pros:

1. The internet can help people stay connected. Having internet allows the office to contact others such as other medical offices or simply customers.

2. Being connected to the internet allows the office to store/connect to public storages/databases such as a cloud which provides for organization and space int he office.

Cons:

1. The internet can be used as a distraction which would allow employees to go on the internet for personal use such as computer games or social media.

2. Being connected to the internet brings about a much larger risk of being hacked since medical offices are connected to databases which contains consumer information, it will be a target for hackers. If you look up "Medical record hacks" you will find articles explaining this problem.

This is about all the information that I can give. If there is anything else that I can do, ring me up :) 
8 0
3 years ago
Rather than hiring a receptionist, a real estate agency decided to use an administrative services company to contract someone fo
Komok [63]

Answer:

outsourcing

Explanation:

Outsourcing is the process where the company wants to hire someone for the completion of the organization work in order to save the cost of the company

here is the given situation, is hiring a permanent receptionist, it is better to contact someone for work in some selected days during each week so that the work of the company could not be stopped also the firm can save the cost

Hence, the third option is correct

7 0
3 years ago
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