Answer:
C. If the firm were to charge more than the going price, it would sell none of its goods.
Explanation:
A price-taker firm is defined as an individual company which must accept the prevailing prices in the market, lacking a market share to influence the market price on its own.
If a company is considered as a price taker in the competitive market, it does not have the power to influence the present market price by the quantity of the products it produces.
Thus if a price taking firm can charge more for a product than the going market price, then it would not sell its products.
Hence the correct option is (C).
Answer:
Laura can write more papers than Lisa, but Lisa has a low opportunity cost to doing so.
Explanation:
Absolute and comparative advantage are important concept in the field of economics and trade. These concepts are used to explain the basis of foreign trade.
Absolute advantage refers to the situation when an economic agent can produce a product at better quality, faster and earn more profit than its competitor. It looks at the efficiency of producing a single good or service.
Comparative advantage takes into account the opportunity cost of producing a good or service. The opportunity cost is the cost of sacrificing the alternative.
Absolute advantage means Laura can write more papers than Lisa, but since Lisa has a comparative advantage she has a low opportunity cost to doing so.
Answer:
Speak up for what you care about. ...
Volunteer or donate to a global organization. ...
Choose fair trade & ethically made gifts. ...
Listen to others' stories. ...
Stay connected with social movements. ...
Stand up against discrimination.
Explanation:
YASS I HELPED
<span>The correct answer is option C. i.e. investing in a better computer and a faster internet connection will enable Marco to increase his productivity due to which he can get more projects and work assignments. Better computer and fast internet connection will save his time and he can work on multiple projects too.</span>
