Answer:
The correct answer is B. may change as time passes and circumstances
Explanation:
The concept of comparative advantage is one of the basic foundations of international trade. It assumes as decisive the relative costs of production and not the absolute ones. In other words, countries produce goods that have a lower relative cost compared to the rest of the world.
Answer:
c) Rick has an external locus of control.
Explanation:
What can challenge Rick in his quest to become a successful entrepreneur is that he has an external locus of control, which occurs when an individual relates events related to their failures or successes to external variables that are not their responsibility, such as fate, luck or bad luck.
The external locus of control can pose a challenge for Rick in the sense that an entrepreneur's success is related to his own personal control and personal efforts to make the business viable and successful in the market. It is necessary for the entrepreneur to understand that there are risks inherent to the business and that a business can work according to their efforts, learning and planning, that is, the entrepreneur and their control and management actions will be responsible for the success or failure of the business, and not just external factors like fate or bad luck.
Answer:
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The correct answer to the question is (B) referent power.
Referent power refers to <u>a type of power that a person attains through his or her interpersonal relationship skills</u>.
Though personalized power seems like an answer it is actually not, it is a type of motive that a person has for power. Legitimate, reward, and coercive all stem from external sources, and thus they do not fit the description in the question.
Answer:
The option E is correct
Explanation:
Solution
Given that:
The output manufactured to Q = 5Lk
Where L= Labor quantity
k=Capital quantity
The price of K= $12
The price of L =$6
Now,
We find the combination of both K and L that will produce 4,000 units of output.
MPL/MPK is defined as the cost minimizing combination = w/r
Thus,
MPL/MPK = D(Q)/dl = 5k
same will be done for L,
MPL/MPK = D(Q)/dk = 5L
We divide 5K and 5L
So,
5k/5L =$6/$12
k/L = 1/2
Thus,
k =L/2
Now, when we substitute the value L = 2k in Q we have the following below:
Q = 5k * (2k)
Given that Q = 4000
So,
4000=10k2
4000=k2
we divide
k =20
L = 2k = 2820
= 40
Therefore, L =40, k = 20
