Display rules - these are how people are expected to behave and express themselves such as good sportsmanship
Answer:
reviews and if manage hold themselves to a high standard of ethical behavior how do managers deal with overstaffing problems teaching employees better time management/.
Explanation:
Answer:
Output = 5
Explanation:
As per the data given in the question,
Output per firm :
Marginal cost = Average total cost
MC = ATC (Since in long run each type of firm is earning zero economic profit)
(49 + q^2) ÷ q = 2q
49 + q^2 = 2q^2
49 = q^2
q = 7
Average total cost = (49 + 49) ÷ 7
= 98 ÷ 7
= 14
Hence, Price = min ATC = MR = 14
Market quantity (Q)
= 49 - 14
= 35
Number of firms
= Total quantity ÷ Output per firm
= 35 ÷ 7
= 5
Answer:
The correct answer is C. when income increases, demand for a normal good increases while demand for an inferior good falls.
Explanation:
The normal good is that whose quantity demanded for each of the prices increases when the rent increases. A lower good is one whose quantity demanded decreases when income increases. The inferior goods are usually those for which there are higher quality alternatives. When it comes to a normal good, increasing the income of the consumer increases the quantity demanded at each price. Causing a shift in demand to the right.
Answer:
a. People respond to incentives.
Explanation:
Assuming the state of Wyoming passes a law that increases the tax on cigarettes thereby causing smokers who live in Wyoming to start purchasing their cigarettes in surrounding states.
Consequently, an increase in the tax on cigarettes altered the behavior of the smokers in Wyoming, it made them to purchase from neighboring states.
This illustrates or reflect the fact that people respond to incentives.
