Answer:
Natural monopoly
Explanation:
A natural monopoly refers to a type of monopoly that occurs when the start-up costs or infrastructural costs are high or economies of scale in an industry are very powerful in such a way that only the largest supplier in the industry which is usually the first supplier in the market has a great advantage over potential competitors and therefore becomes the only supplier in the industry.
On the long-run average cost (LRAC) curve, a natural monopoly exists when the quantity demanded is less than the minimum quantity that is required to be at the bottom of the LRAC curve.
Therefore, a <u>natural monopoly</u> exists when the quantity demanded in the market is less than the quantity at the bottom of the long-run average cost curve.
Answer:
The Global Textile and
Garments Industry:
The Role of Information
and Communication
Technologies (ICTs)
in Exploiting the
Value Chain
Information and Communication
Technology (ICT) has an important role
to play as developing countries adjust
to the new era. These opportunities will
derive from the ability of ICTs to open
up parts of the supply chain (other than
basic manufacturing and processing)
to developing countries. This report
presents case studies of companies that
have successfully used ICTs to move,
for example, into higher-value activities
such as design and logistics, or to
access niche markets
Answer:
The correct answer is A
Explanation:
Economic well being is described or states as having the future as well as the present financial security. It involves the ability to make the choices of the economic and have a sense of satisfaction, security and the personal fulfillment with the one's employment pursuit and the personal finances.
So, in order to assess or evaluate the economic well being, one should compare the situation of his or her economic well being with that of most of the people who are alive today.
Answer: Zoning Map Amendment?
Explanation:
Zoning Map Amendment is an official document showing that there is a change in the way the land or property is divided into zones within a district and also the way it is being used either for industrial, residential or business purpose.
It is also known as Rezoning, this process can only begin if requested by town council, town manager or the owner of the property, this is done through application which has to be submitted 30days ahead to the committee meeting.
<span> Manufacturing overhead describes the difference between manufacturing overhead cost applied to work in process and manufacturing overhead cost actually incurred during a period.</span>
Over-applied manufacturing overhead would result if the manufacturing overhead cost applied to work in process is more than the manufacturing overhead cost actually incurred during a period. So, in over-applied overhead the applied overhead is bigger than the actual overhead.
