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belka [17]
3 years ago
14

In east icicle, minnesota, on the northern edge of the corn belt, the growing season is short and the soil is poor. corn yields

are meager unless a great deal of expensive fertilizer is used. in corncrib, illinois, the land is fertile and flat and the growing season is 20 days longer. for any given expenditure per acre, corn yields are far greater than in east icicle. market for corn is perfectly competitive, and farmers in both places are profit maximizers who only grow corn.
Business
1 answer:
user100 [1]3 years ago
8 0

The answer is marginal costs in both places are the same. This is because the farmers in both places are profit-maximizers, the value in each flat is equal to MC or Marginal Cost and subsequently the market of corn is competitive, the price of corn in both places is the same. Also, marginal costs are higher in East Icicle than in Corncrib can also be a possible answer. For any given outflow per acre Corncrib’s corn yield are far better than in East Icicle, at any level of output, the marginal cost per acre in East Icicle must be higher in Corncrib, which suggests that in equilibrium the output level of corn in East Icicle is less than the output level of corn in Corncrib.

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Being a good corporate citizen and contributing to the community are examples of __ responsibilities.
Talja [164]

Answer:

corporate social responsibilities        

Explanation:

Corporate Social Responsibility refers to the form of global self-regulation for private companies aimed at contributing to community objectives of an entrepreneurial, political, or humanitarian type or by participating in or promoting voluntary or ethically focused action.

Although before it was easy to explain CSR as an inner organizational practice or a business ethics technique, the period followed when different international legislation were established and different organizations used their power to move beyond person and even sector-wide programs.

Although it has long been known a type of organizational self-regulation, it has changed significantly over the past decades from voluntary actions at just the individual level companies to compulsory systems at local, domestic and international scale.

4 0
3 years ago
A salesperson shows his broker an offer for one of his listings that has a good faith deposit in the form of a promissory note.
12345 [234]

Answer:

The seller must be informed when the offer is presented that the depositis a promissory note

Explanation:

A good faith deposit is one that is done by a buyer in which conditions are stated that could result in the loss of deposit by the buyer.

It is a deposit made by the buyer to show he intends to complete the payment later.

In this instance if there is a Goodwill deposit in form of a promissory note, the broker needs to be aware.

So that when he is bringing in a client he will consider the already existing deposit.

Deals that offer more deposit or full payment will be considered and the original buyer discarded.

8 0
4 years ago
In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insig
rusak2 [61]

In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insights into our behavior can be gained by assuming that we act as if governed by the rules of rational decision-making.

It is possible to define rational decision-making as a decision-making process that incorporates reasoning at every stage. It is founded on the use of impartial knowledge. The first step in making a reasonable decision is to identify the issue that needs to be resolved, followed by the collection of all relevant data.

The next step is to examine every outcome that might result from each potential solution. The decision-making process that follows comprises weighing all viable options and selecting the best one based on reasoning.

Rational decision-making examples include:

● A student chooses what to study in his post-secondary education.

● A commercial choice regarding what to buy for the company.

To know more about decision-making refer to:

brainly.com/question/1249089

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7 0
1 year ago
Under certain circumstances which one of these engineering controls can create a caught between hazard
Paul [167]

Answer:

<u>guardrails</u>

Explanation:

<u>Guardrails:</u> In business, the term "guardrails" is described as something that is being designed to keep individuals from engaging in dangerous territory unintentionally. Thus, guardrails are generally kept in the trickiest areas, where it's easy for people to take a "wrong turn". Similarly, "decision-making guardrails" are responsible for protecting businesses from taking "unnecessary risks".

<u>In the question above, the given statement represents guardrails.</u>

3 0
3 years ago
Which of the following countries is NOT socialist with a market economy?
kvasek [131]

Answer:

what are the options

Explanation:

7 0
3 years ago
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