Answer:
The correct answer is option c.
Explanation:
A competitive firm has been selling its output for $20 per unit and has been maximizing its profit, which is positive.
The price falls to $18, and the firm makes whatever adjustments are necessary to maximize its profit at the lower price.
A competitive firm will produce at the point where the marginal cost is equal to price. When the price is lowered the firm will produce at a point with lower marginal cost.
It will thus produce lesser output than what it was producing earlier. So the quantity of output will be lower than previously.
Consumers influence the decisions of producers c) through the purchasing decisions they make.
Answer:
NOT might lose customers because of a lack of innovation
NOT might not be able to attract essential new investors
Explanation:
Since in the question it is mentioned that Samantha who has a bakery is sucessfully run for a year and it is popular also. At the same time she planned for using her profits in order to cover up the similar cost that had done in the last year
So based on this, the risk she has taking is that she not want to lose his customers as there is an innovation lacking also she is not capable to attract the new investors
Therefore the same is to be considered
Answer:
The productivity of an average person in the top twenty percent is four (4) times that of an average person in the bottom eighty percent.
Explanation:
In questions 3c and 4b, the values of the gross domestic products for the top twenty (20) percent and the bottom eighty (80) percent are $22,800 and $5,700 respectively. Therefore, if we take the ratio of the two values, we have:
$22800/$5700 = 4
The productivity of an average person in the top twenty percent is four (4) times that of an average person in the bottom eighty percent.
