Answer:
d. temporary
Explanation:
Competitive advantage refers to a competitive edge a firm gains over it's competitors by offering better value via it's products or by offering such products at reduced prices.
Competitive advantage results out of a unique or specific methods of production which is more efficient than the competitors and most importantly which cannot be imitated by competitors.
In the given case, the advantage which has accrued is on account of organic method of raising chickens and organic seasonal produce. These advantages are momentarily as, soon other restaurants shall follow suit and gradually these shall disappear.
Answer:
A
Explanation:
TRUE - The operating system converts a basic user request into the set of detailed instructions that the computer hardware requires, thus acting as an intermediary between the application and the hardware.
Answer:
A) $0.075 variable and $450 fixed
Explanation:
to calculate Kendra's fixed and variable components using the high-low method we can use two separate formulas:
variable costs = (highest utility cost - lowest utility cost) / (highest output - lowest output) = ($1,200 - $600) / (10,000 - 2,000) = $600 / 8,000 = $0.075 per unit
fixed costs = highest cost - (highest output x variable cost) = $1,200 - (10,000 x $0.075) = $1,200 - $750 = $450
Answer:
The mandatory retirement age is abolished.
- This will result in an <em>Increase in the long-run aggregate supply</em> (LRAS) curve because it means that companies in the economy now have a larger workforce to choose from. This will reduce the cost of labor and lead to more goods being supplied.
The economy's main export is candy. Candy from this country increases in popularity around the world.
- <em>No effect on long-run aggregate supply </em>(LRAS) curve because this deals with demand.
Since candy has become an international sensation, factories double the number of candy-making machines.
- Factories are now producing more candy due to having more candy-making machines. This will result in an <em>Increase in the long-run aggregate supply (LRAS) curve. </em>
The top candy companies choose to relocate their means of production to other countries around the world.
- The companies are still supplying candy to the world, however they are doing it from other countries. This supply coming from the hypothetical economy will therefore reduce. This will result in a <em>Decrease in the long-run aggregate supply (LRAS) curve. </em>
