<span>The division of labor that underpins the supermarket cultivates "impersonal ties".
</span>
The division of labor refers to the partition of assignments in any framework with the goal that members may practice. People, associations, and countries are invested with or obtain particular abilities and either combinations or trade to exploit the capacities of others in addition to their own.
And if we compare the division of labor in open market place and supermarket place, you will see that in open market place the relations are personal and in supermarket, the relations are said to be impersonal and largely invisible.
Answer:
<em>Therefore the output level at which the firm's profit is maximized is = -100.it indicates a loss</em>
Explanation:
<em> Given that,</em>
<em> the firm's profit function,
</em>
<em> (q) = 40q - (110 +20q +10q^2)
</em>
<em>
The Profit is maximised by taking the first formula of the profit function with respect to. q and putting it equal to 0, (first order condition). This gives us,
</em>
<em>
dπ (q)/dq = 40 - 20 - 20q = 0
</em>
<em>
The variable cos of the firm's average is , AVC= 20 +10q. At q=1, AVC= 30.
</em>
<em>
Since AVC is less the price, then the firm will function in the short run.
</em>
<em>
(since TR= 40q and q=1, therefore p=40).
</em>
<em>
It gives q=1
</em>
<em>
At q=1, revenue = 40, total cost= 140, therefore maximum profit = -</em>
It is the goal line that is the common term for endline
Answer:
Higher prices
Explanation:
Fixed prices are associated with higher prices for consumers
