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Artyom0805 [142]
3 years ago
13

Which of the following factors increases pressures for cost reductions? a. Meaningful differentiation between products b. Reduce

d international competition c. Persistent excess capacity d. High switching costs e. Competitors that are based in high-cost locations
Business
1 answer:
Finger [1]3 years ago
8 0

Answer:

c. Persistent excess capacity

Explanation:

Cost reduction is a process of reducing expenditure in a planned manner. The process of cost reduction requires continuity of cost analysis. The elements which are not of any use or contribute anything to the factors of the production are eliminated through this process. The elements of cost are examined critically before their elimination.

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An effective team would never have ______. a. multiple long term goals b. a series of coordinated deadlines c. unclear definitio
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An effective team would never have Unclear definitions of goals.

Option C is correct answer.

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4 0
2 years ago
Suppose the local market for legal services has an upward sloping supply curve, PL = 150 +0.0001QL where PL is the price of lega
Margaret [11]

Answer:

C) $50,000,000

Explanation:

The aggregate rent is the surplus earned by the lawyers for operating over their cost at this market equilibrium.

In the picture attached, the rent is showed graphically.

At PL=$250 per hour, the amount of demanded hours is QL=1,000,000.

The oportunity cost at a zero hours level is PL(0)=$150.

The rent can be calculated as:

Rent=\frac{QL_{equil} x (PL_{equil}-PL_0)}{2}\\\\\\Rent=\frac{1,000,000*(250-150)}{2}= \frac{1,000,000*(100)}{2}=50,000,000

The aggregate rent is $50,000,000.

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3 years ago
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