3 years ago

The principle of mercantilism views trade as a(n) _____ game. advantage zero-sum negative-sum positive-sum

1 answer:

4 0

The principle of mercantilism views trade as a zero-sum game.

Mercantilism, an economic theory, is believing in the benefits of profitable trading.

Zero-sum is describing a trade where one side of the trade benefits, but the other does not.

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At a price of $200, a cell phone company manufactures 100000 phones. At a price of $300, the company produces 300000 phones. Wha

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Answer:

2.5

Explanation:

P1=$200

P2=$300

S1=100000

S2=300000

The percentage change in price is:

$\Delta P =\frac{300-200}{\frac{200+300}{2}}=0.4=40\%$

The percentage change in supply is:

$\Delta S =\frac{300000-100000}{\frac{100000+300000}{2}}=1=100\%$

The price elasticity of supply is given by:

$E=\frac{\Delta S}{\Delta P}=\frac{100\%}{40\%}=2.5$

The price elasticity of supply is 2.5.

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Is gross profit or net profit more important to consider when you're deciding how successful and profitable a company is?

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In making the best economic choices, consumers compare the benefits of the choice to:.

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In making the best economic choices, consumers compare the benefits of the choice to the cost of the choice.

<h3>How to make the best economic choices?</h3>

In making the best economic choices, the costs of the choice should be compared with the benefits of the choice. The choice should only be made when the benefits of making the choice exceeds the cost of the choice.

To learn more about costs, please check: brainly.com/question/14915288

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