In the short run, the individual competitive firm's supply curve is that segment of the: "marginal cost curve lying above the average variable cost curve."
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What is the short run supply curve?</h3>
The short run supply curve of a business is the section of its marginal cost curve that is higher than its average variable cost curve.
According to the law of supply, when the market price rises, the company will supply more of its product.
A perfectly competitive business maximizes profit by generating the amount of production that equals the product's price and marginal cost.
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Answer:
B. a concept test.
Explanation:
Concept testing is defined as a research method in which it includes the questions of the customer related to their concepts and ideas for the product or services prior to introducing it into the market
So basically it is an external evaluation lies with the customers that contains the preliminary testing
So the option b is correct
Answer:
1. February – Budgeted direct labor hours = 378; Budgeted direct labor cost = $3,024.
2. March – Budgeted direct labor hours = 413; Budgeted direct labor cost = $3,304.
Explanation:
1. February direct labor budget:
a. Number of direct labor-hours budgeted for February = 0.07 * 5,400 = 378 labor hours
b. February budgeted direct labor cost = 378 * $8.00 = $3,024
2. March direct labor budget:
a. Number of direct labor-hours budgeted March = 0.07 * 5,900 = 413 labor hours
b. March budgeted direct labor cost = 413 * $8.00 = $3,304.00
Answer:
loyalty to the President
Explanation:
The President of the United States makes all the important political appointment of the bureaucracy to the Government offices. He does that appointing his favorite officials to the offices of the United States different federal agencies. One of the most important criteria that the President considers while appointing the bureaucracy officials is "loyalty to the President."
The President seeks those people who are loyal to him and follows every orders and advices of the President. The President keeps in mind that no one disobeys him and follows his order without any hesitations.
Thus the answer is "loyalty to the President."
Answer:
The answer is A.
Explanation:
Other things remaining equal, the law of demand says that the higher the price, the lower the quantity demanded and the lower the price the higher the quantity demanded.
Suppose a good is being sold at $5 and 20 quantities are being demanded, if the price increases to $6, lesser of that goods should be demanded