Answer:
Consult with other regional managers for their opinion before closing stores.
Explanation:
Team work is key for the progress of any organization. Every member of an organization must have the ability to work as a team and seek professional advice from other colleagues.
Stella has not been doing this because of her overconfidence and the overestimation of her ability. For Stella to be able to overcome these biases and stop making wrong decisions, she should seek professional advice from her co-managers. Her colleagues can give her suggestions on how to promote a store that is not doing well rather than closing it permanently.
Answer:
economic profits = 0
so correct option is a)zero
Explanation:
given data
output = 100 units
total fixed cost = $600
total variable cost = $400
price of product = $10 per unit
firm produces = 100 unit
to find out
firm earn an economic profit of Group
solution
we know here Total revenue is
Total revenue = 10 × 100 =$1000
and Total cost is here
Total cost = $400 + $600
Total cost = $1,000
so economic profits is express as
economic profits = revenue - cost
economic profits = 1000 - 1000
economic profits = 0
so correct option is a)zero
Answer: Determining that the study has a maximization of benefits and a minimization of risks.
Explanation: The beneficence principle is an ethical principle that a care giver's actions should be of good reasoning. This principle is used to make sure that those who care of human subjects, are treated by doing what they truly believe is best for the patient.
Answer:
Explanation:
a. Monopoly has no competition so it can charge a higher price and produce less quantity when compared to a perfectly competition. For a consumer, perfectly competition which provides more goods at a lower price is better.
b. Due to lack of competition, monopoly does not have to be efficient in its resource allocation. To increase the allocative efficiency, the government can pass regulation to limit price charged and increase quantities of goods produced by the monopoly.
Answer:
opportunity cost
Explanation:
opportunity cost means the cost a person must pay for chosing one of two alternatives.
