Answer:
a) true.
Explanation:
Backward integration can be defined as a process in which companies use a strategy of integrating with their suppliers in order to add value to their value chain. The advantages of this process are increased production efficiency, decreased costs, increased quality, increased profitability.
Forward integration refers to a company's control process in its supply chain. It is the process that a company acquires some resources to improve essential elements of the supply chain until the product or service reaches the final customer. The benefits are: increased market share, creation of competitive barriers, maintenance of process quality, etc.
Answer:
a. You would pay them $250 to move.
Explanation:
The Coase Theory states that in order to solve problems, you must choose the most efficient economic solution regardless of who has property or use rights.
if the campers stay, you will lose $500 (in satisfaction)
cost of moving them is $200
cost of staying and being quiet is $300
it is cheaper to pay them between $200 and $299 so that they move somewhere else
Answer:
False
Explanation:
There is a huge difference between Diminishing marginal utility and law of diminishing marginal rate of technical substitution. The diminishing marginal rate of utility is used to construct short-run production function and it is based on cardinal utility. Correspondingly, the law of diminishing marginal utility is used to construct long-run isoquants and isocost curve, and it represents ordinal utility.
A weaker Yuan against the US dollar makes Chinese exports cheaper, increases demand, and makes US exports to China more expensive, thereby reducing the demand for US exports.
<h3>What is international trade?</h3>
International trade is the global exchange of goods and services among countries of the world, involving the use of the foreign exchange.
The three types of international trade are:
- Export Trade
- Import Trade
- Entrepot Trade.
Thus, by manipulating the Yuan, the Chinese government ensures that it has a more competitive advantage over the United States in international trade.
Learn more about Chinese Yuan Manipulation at brainly.com/question/27858412
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Answer: Entrepreneurs
In addition to risking and investing time and money to start and manage a business, entrepreneurs have an innate ability to identify a need for a new technology or invention. They then build a business by putting together all the resources (land, labour and capital) that are required to make a new technology or invention into a commercially viable (profitable) product.