Suppose a firm doubles its output in the long run. at the same time the unit cost of production remains unchanged. we can conclude that the firm is facing constant returns to scale.
When talking about economics, a company facing a constant return to scale is when a firm changes their resources but not their production. When this happens there is a problem within their production.
Answer:
$59.50
Explanation:
Calculation to determine the effective price paid by the company for the oil
Using this formula
Net price paid=Buy oil-Profit from futures
Let plug in the formula
Net price paid=$64-($63.50-$59)
Net price paid=$64-$4.50
Net price paid=$59.50
Therefore the effective price paid by the company for the oil will be $59.50
Answer:
1. The first statement is false, since there are more middle customers than final consumers in a business. Middle customers are those entities that used the purchased product as a raw material for a further process or directly sell that to some other entity.
2. Manufacturers and developers are producers and sometimes customers for some other entity from which they are procuring raw materials from. Hence,false.
3. B2B refers to the business to business transaction in which one organisation purchase goods from other organisation for not final consumption. Hence the statement is true.
4. The given statement is true as these are the buyers who purchase a product for some further use.
Answer:This violates no federal law
Explanation:
Federal laws are bills that have passed both houses of Congress, been signed by the president, passed over the president's veto, or allowed to become law without the president's signature. Individual laws, also called acts, are arranged by subject in the United States Code.