Answer:
The correct answer is option B.
Explanation:
The total revenue and profits of the industry as the price level increases with increase in the demand.
When there is an increase in the demand for the output of an industry, that industry will increase the production to match the increase in the demand. The increase in production will cause output level to increase.
In order to produce more output the industry will require more inputs, so the demand for inputs will increase.
An increase in the demand for inputs will be accompanied by increase in their prices.
There will not be any decline in the price of inputs.
Answer:
the gross domestic product is $9,700
Explanation:
The computation of the gross domestic product is shown below
= Consumption spending + government spending + gross investment + exports - imports
= $6,000 + $1,200 + $1,500 + $2,000 - $1,000
= $9,700
Hence, the gross domestic product is $9,700
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
<u><em>Local demand conditions</em></u>.
Explanation:
Michael Porter developed the diamond model, which is a framework that identifies the factors that help some organizations in a given country to be internationally competitive because they are so innovative.
For Porter companies that have international competitive advantages have a set of localization advantages, which include:
- Strategy,
- Structure and Company Rivalry advantages;
- Factorial conditions;
- Demand conditions; and
- Industries.
Stage 1 – The idea stage
Stage 2 – The start-up stage
Stage 3 – Growing pains
Stage 4 – The we’ve-opened-a-second-location stage
Stage 5 – The slow-down
Stage 6 – Retirement
Answer:
$14,500
Explanation:
The computation of the balance in the work in process account is shown below:
= Direct material cost + direct labor cost + manufacturing overhead cost
where,
Direct material cost = $2,500
Direct labor cost = $4,000
Manufacturing overhead cost = $4,000 × 200% = $8,000
So, the ending balance in the work in process account is
= $2,500 + $4,000 + $8,000
= $14,500