Answer:
Equilibrium quantity would increase. there would be an indeterminate effect on equilibrium price
Explanation:
If fewer people go on vacation fewer people would board planes. As a result, the demand curve for planes would shift inwards. This would lead to a decrease in equilibrium price and quantity.
As a result of the higher cost of providing services, fewer planes would be in operation. This would lead to an inward shift of the supply curve. Equilibrium price would increase and equilibrium quantity would decrease.
Taking this two effects together, equilibrium quantity would increase. there would be an indeterminate effect on equilibrium price.
Return on investment (ROI) for a firm (B) measures management's overall effectiveness in generating profits with the available assets.
<h3>
What is the return on investment?</h3>
- A ratio between net income and investment is known as return on investment or return on costs.
- A high ROI indicates that the returns on the investment outweigh the costs.
- ROI is used as a performance metric to assess an investment's effectiveness or to compare the effectiveness of multiple distinct investments.
<h3>What are profits?</h3>
- The difference between an economic entity's revenue from its outputs and the opportunity costs of its inputs is what is known as a profit.
- It is equivalent to total income less total expenses, which includes both direct and indirect expenses.
<h3>What are assets?</h3>
- Any resource that a company or other economic organization owns or controls is considered an asset in financial accounting.
- Anything that has the potential to provide positive economic value qualifies.
- The ownership value that can be turned into cash is represented by assets.
Therefore, return on investment (ROI) for a firm (B) measures management's overall effectiveness in generating profits with the available assets.
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Answer:
C. The economy experiences economic growth.
Explanation:
When the economy is already working on the production possibility frontier the economic agents are already employed and working on full optimization.
In case of economic growth the production possibility frontier shifts upward and results in producing more jam and bread.
Answer: Joint Venture
Explanation:
Joint Venture is a form of business whereby two parties will have to come together and utilize their resources and put their skills together as well in order to achieve a common goal.
Zen Corp, an Australian company, and Pluto Inc, an American company, entered into a one-time contract to build an elevated expressway in Florida. The contract was for a period of five years and both companies were equally liable under their agreement. This is a form of joint venture.
When a person moves horizontally within or across organizations, this is called a horizontal career growth.
<h3>What is a horizontal career growth?</h3>
This is when someone moves across job titles from one company to another or within the same company.
It is called a horizontal move because the person will still be at the same job level that they were at the job they moved from.
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