Answer:
B. is the price at which a firm's total revenues equal total costs
Explanation:
The short run in economics is a period of time in which one factor of production is fixed and others are varied. In the short run, the market is not fully in equilibrium. Break even is the point in which the total cost used in the course of production is equal to the total revenue earned from the products produced. In a break even scenario, there is no profit and there is no loss. At this point, firms are making normal rate of return on money invested and are able to settle all cost of production.
One difference between services in the production of goods is that the services are <u>consumed by the consumer instantly </u> where as good as can be<u> stored by the consumer </u>
Explanation:
Goods and services are two important types of purchases that people make.
A good is termed as tangible or physical product that people can buy, tangible meaning something you can touch,and store for later use
A service is said to be intangible, which can't be physically touched or stored.You can only pay for a service
The term Perishability means that services cannot be stored for later sale or use. In other words, services cannot be inventoried. This is one of the most significant characteristics of services, and it has a major impact on financial results of a company
One difference between services in the production of goods is that the services are <u>consumed by the consumer instantly </u> where as good as can be<u> stored by the consumer </u>
Answer:
$2,400
Explanation:
We know that
GDP = Consumption + Investment + Government purchase + Net exports
where,
Net exports = Exports - imports
= $1,000 - $1,200
= -$200
Now the investment is
$10,000 =$6,000 + Investment + $1,800 - $200
$10,000 = $7,600 + Investment
So, the investment equal to
= $2,400
Answer:
A. data mining
Explanation:
Data mining is a process which is used to understand a large sum of data and to extract critical and analytical information. It is a way to read the data in the best way possible to understand the pattern and information. It is used by organizations and firms to develop insight about customers, target market and marketing process.
Project management is no longer considered a special-need management tool; thus, learning project management skills is personally useful because The skills and tools can be easily transferable.
<h3>What type of skills are transferable?</h3>
Transferable skills are known to be called portable skills
These are known to be skills that a person often take with them from one job to another. An example is a person's ability to clearly talk about ideas to others, solve unexpected issues, etc.
Therefore, Project management is no longer considered a special-need management tool; thus, learning project management skills is personally useful because The skills and tools can be easily transferable.
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