In pursing its own interest, an oligopoly firm will decide to increase production by 1 unit as long as the output effect is larger than the price effect. An oligopoly happens when there is limited competition because there are only a small number of producers or sellers in the market. Due to limited competition there is no need for most of these businesses to produce more unless the output is going to produce more and become sustainable for their consumers demand.
Answer:
labor force growth and productivity growth.
Explanation:
A country's long run growth rate is generally calculated by adding the increases in the market value of the goods and services produced within a country during a period of time. It is generally stated as a percentage growth of real GDP.
The real GDP's growth rate is determined by two factors: labor force growth and productivity growth. So it is determined by the growth in productivity, demographic growth and labor force participation.
Answer:
Talk About Your Topic (Not Just Your Brand) ...
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Post Frequently (and at optimal times)
Explanation:
The average salesperson at The Container Store made $48,000 per year in 2013, compared to the national retail sales average of $31,096. The Container Store employee who has a fixed salary notwithstanding their sales is earning a noncontingent reward.
As its name implies, the noncontingent reward (NCR)* technique entails giving incentives without waiting for the occurrence of any predetermined behavior. NCR can occasionally be utilized to enhance the appeal of a specific environment. Offering a high rate of rewards, in other words, encourages people to enter and remain in that environment.
The contingent reward system is a motivation-based method for rewarding people who achieve their set objectives. It serves as encouraging feedback for a job well done.
Learn more about noncontingent reward here
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Answer:
Number of salads sold in that day = 93
Explanation:
Using algebra we have,
Let salad = X
Drinks = Y
Now Total units = 209
That means
X + Y = 209
Y = 209 - X
Also
6.5X + 2Y = 836.50
Putting above value of Y in this equation we have
6.5 X + 2(209 - X) = 836.50
6.5X + 418 - 2X = 836.50
4.5X = 836.5 - 418 = 418.5
X = 418.5/4.5 = 93
Therefore X = Salads = 93 in units
Number of salads sold in a day = 93 units
