A country is possibly over investing in human capital if people are not educated enough to fill existing job openings is false. A country would be over investing in human capital if people were overqualified for the jobs that were available. A good example of this would be a lawyer only able to get a job at a department store. The lawyer is well overqualified for the job however, that is all they can find available.
Answer:
C) the firm is a natural monopoly
Explanation:
In the case of the natural monopoly it has no competitors and in this the monopoly could earned more profit and also at the same time it reduced the average total cost because the output is rises because the monopoly enjoyed the benefit of having the unique product in which no other competitor is dealing with
So as per the given situation, the option c is correct
Answer:
The cost of inventory is $24,184
Explanation:
The computation of the inventory cost is shown below:
= Purchase cost of merchandise - returned goods - discount + transportation
= $24,700 - $1,100 - $236 + $820
= $24,184
The calculation of the discount is shown below:
= (Purchase cost of merchandise - returned goods) × discount rate
= ($24,700 - $1,100) × 1%
= $236
Answer:
In the explanation there are points of view of why every aspect is effective when it comes to influence the demand of a good.
Explanation:
First of all, the pricing of the product will influence the demand by increasing it or decreasing it. It will depend on the type of good, if it is inferior or luxury and also in the prices of the substitutes of the product. So having a good pricing strategy according to the ones of the competitors will always give good results.
Secondly, the advertising and promotion strategy will also influence the demand of the product by increasing it in the case that the marketing campaign works well because it will caught the consumers attention, or it could also decrease the demand if the advertising is bad or if it reflects something bad from the brand.
To continue, the backlogs or reservations will affect the demand by increasing thanks to the fact that the consumers will feel safe by having it secure that they will obtain the product so that it a thumbs up.
Finally, the development of complementary offerings will affect the demand of the product by increasing it in the case that those other offerings are good enough to persuade the customer to buy all together and that will cause the sales to rise.