In SMART goal-writing criteria, the one that refers to being able to complete a goal is: Attainable
In determining a goal, we need to make sore that the Goal is possible based on our current ability, otherwise we just make ourselves and other people that we lead to a massive failure that could destroy our Morale as a team
Answer:
The correct answer is A) the substitution effect
Explanation:
In other words, the substitution effect is when sales fall because the consumers change into cheaper alternatives when its price rises.
Answer:
<em>The net welfare loss is $250</em>
Explanation:
<em>The Quota of a country imposes the importation of goods for business men or traders. if at any selling price from the example given that, if the system reduces imports by 50 units, therefore, lets assume linear supply and demand curves as follows,</em>
<em>quota of imports of good multiply by the price been raised 5$= 250$ is the net welfare loss.</em>
Answer:
If oligopolists engaged in some sort of collusion, industry output would be smaller_____ and price would be _higher____ than under perfect competition.
Answer:
There are two types of profit and costs in nay business, which are accounting costs/profit and the economic costs/profits.
Accounting costs include everything that is tangible or the monetary costs a firm pays, while the economic costs include the cost which is intangible(Opportunity costs) as well as tangible.
Here in this question, the profit of the firm therefore is,
a. From an accountant;s definition = 130000-(6000+42000+7000) = 75000.
b. From an economist's definition = 130000-(6000+42000+7000+65000+6000) = 4000.
Hope this helps you. Thankyou.
