Your answer is : A)
Supply refers to the seller's ability and desire to sell goods and services
Answer:
The sort of returns to scale the firm face is a decreasing return to scale.
Explanation:
The production function is correctly restated as follows:
.................................. (1)
To determine the type of return to scale, the input usages K and L are scaled by the multiplicative factor ∝, and substituting it into equation (1), we can have the following:
Since the sum of the exponents of the multiplicative factor ∝ is 0.9 which is less than 1, the sort of returns to scale the firm face is a decreasing return to scale.
Answer:
The answer to your question is False.
The correct designing principles that will be implemented to create the brochure will be Contrast and Repetition.
In the question, it is stated that a brochure has to be made for the business. The brochure will be designed such that the text will be in black color, the section headings will be blue, etc. In order to create such a brochure, the Designing principles will include Contrast and Repetition.
Contrasting and Repetition are based on making people visualize and highlight the key points of the brochure. It is basically based upon creating a contrasting difference between and highlighting the important key points in the brochure.
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Answer:
$75
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
The price per unit = $300 / 60 = $5
The marginal revenue for one unit is $5
Production increased by 15 units, so marginal revenue increased by $5 × 15 = $75
I hope my answer helps you