It is log-linear which is the best fit to the data?
Answer:
The correct answer is No, because due to intense producer-producer rivalry.
Explanation:
In economics, competition means rivalry of competition between companies that participate in a market that apply better strategies so that they can minimize their costs, maximize their profits and thus remain active and innovative vis-à-vis other companies.
With this, it seeks that the economic agents strive to improve the use of resources to produce goods and services, and to improve and innovate in the quality and variety of these, with the purpose that results in improvements in competitiveness and more benefit for the consumer , all this to achieve greater economic growth and social welfare.
Answer:
It is more convenient to continue processing.
Explanation:
Giving the following information:
Barnes manufactures a specialty food product that can currently be sold for $22 per unit and has 20,000 units on hand. Alternatively, it can be further processed for $12,000 and converted into 12,000 units of Exceptional and 6,000 units of Premium. The selling price of Exceptional and Premium are $30 and $20, respectively.
We don't have the information regarding the costs of processing further. Therefore, we will base our analysis in sales.
Sell now= 22*20,000= $440,000
Continue processing= 12,000*30 + 6,000*20= $480,000
It is more convenient to continue processing.
the economy predicts what happens to the financial market. Example the 2008 recession happened because of the economy lot of people were losing jobs and defaulted on their mortgages which caused the 2007 real estate crash.
Answer:
the exchange rate between two different currency is 6 pesos per dollar
Explanation:
The computation of the exchange rate between two different currency is
= Unit cost of spam in Wiknam ÷ unit cost of spam in Ectenia
= 24 pesos ÷ 4 dollars
= 6 pesos per dollar
hence, the exchange rate between two different currency is 6 pesos per dollar
We simply applied the above formula so that the currency rate could come
And, the same is to be applied